On Monday, the Federal Court of Australia handed Qantas a record fine of A$90 million for breaching the Fair Work Act by unlawfully terminating the employment of 1,820 ground workers during the pandemic.
Simply giving money to poor families at certain times reduced deaths among young children by nearly half, a new study found.
It’s the defining technology of an era. But just how artificial intelligence (AI) will end up shaping our future remains a controversial question.
For techno-optimists, who see the technology improving our lives, it heralds a future of material abundance.
That outcome is far from guaranteed. But even if AI’s technical promise is realised – and with it, once intractable problems are solved – how will that abundance be used?
Early in his eight-year tenure, in 2017, then Ghanaian president Nana Akufo-Addo declared a moratorium on all small-scale gold mining. He established an inter-ministerial committee on illegal mining and a joint military-police taskforce – Operation Vanguard – to enforce the ban.
Faculty hiring freezes. Department budget cuts. Declining public trust. Across the United States, higher education is navigating one of its most challenging periods in decades.
If you never take a break, the extra hours of effort might not pay off. JGI/Tom Grill/Tetra images via Getty ImagesMany employers are demanding more from workers these days, pushing them to log as many hours as possible.
Unexpected growth in the UK economy isn’t enough to detract from the gaping hole in the country’s public finances. Speculation is ramping up about what steps the chancellor of the exchequer, Rachel Reeves, might take to plug the gap come the budget in autumn – and there are no shortage of ideas. The trouble is, each comes with risks and unknowns. Our experts have weighed up the evidence to offer their suggestions.
Bite the bullet – raise income tax
Maha Rafi Atal, Adam Smith Senior Lecturer in Political Economy, University of Glasgow
Hitesh Doshi, Hyung Joo Kim, and Sang Byung SeoThe identification of disaster risk has remained a significant challenge due to the rarity of macroeconomic disasters. We show that the interbank market can help characterize the time variation in disaster risk. We propose a risk-based model in which macroeconomic disasters are likely to coincide with interbank market failure. Using interbank rates and their options, we estimate our model via MLE and filter the short-run and long-run components of disaster risk.
KinoMasterskaya/ShutterstockIf you’re a freelancer, you know there are many perks to how you make a living. For some, this includes being free to work when and how you please, setting your own rates, and being your own boss. But you also know there are downsides to this form of working life.
The car finance scandal could have ended up costing UK banks and lenders up to £44 billion in compensation payments. But after the latest court ruling, the expected bill has been reduced to less than £18 billion.
