Phonlamai Photo/ShutterstockThe global investment frenzy around AI has seen companies valued at trillions of dollars and eye-watering projections of how it will boost economic productivity.
Speaking at a gathering of McDonald’s franchise owners and operators, the president boasted that he had “normalized” inflation.
H.E. Group Ltd/ShutterstockThe growth in sales of electric vehicles is a positive step in the UK’s journey to net zero. They are cleaner, quieter and better for the environment.
Using a large survey of euro area consumers, we conduct an experiment in which respondents report how they would adjust their labor market participation, hours worked, and job search effort (if not employed) in response to randomly assigned windfall gain scenarios. Windfall gains reduce labor supply, but only when the gains are substantial. At the extensive margin, gains of €25,000 or less have no effects, while gains between €50,000 and €100,000 reduce the probability of working by 1.5 to 3.5 percentage points.
Using a large survey of euro area consumers, we conduct an experiment in which respondents report how they would adjust their labor market participation, hours worked, and job search effort (if not employed) in response to randomly assigned windfall gain scenarios. Windfall gains reduce labor supply, but only when the gains are substantial. At the extensive margin, gains of €25,000 or less have no effects, while gains between €50,000 and €100,000 reduce the probability of working by 1.5 to 3.5 percentage points.
The European Commission published on Monday the latest autumn forecasts, in which the outlook for Greece remains broadly unchanged, while the effects of the conclusion of the RRF are captured further into the forecast horizon.
In a wide-ranging interview with public broadcaster ERTnews on Tuesday morning, Prime Minister Kyriakos Mitsotakis sought to reassert control over the political narrative, dismissing speculation about early elections and doubling down on his government’s reform agenda.
From the start of December, UK bank customers will benefit from an increase to the maximum amount they would be reimbursed for if their bank were to fail
Treasury Secretary Scott Bessent said migrants were bringing sick cows across the border, snarling beef supply chains.
AI was sold as a tool to broaden the marketplace of ideas. Instead, a handful of platforms now control how truth travels, shaping what we see, starving journalism, and locking new AI rivals out of the data democracy needs to survive.
In 1919, Justice Oliver Wendell Holmes famously wrote that truth prevails when ideas compete freely. This marketplace of ideas metaphor has shaped our democracy: when ideas circulate and compete, truth wins out.
