Who Wins and Who Loses When AI Makes Decisions
What are the hidden risks and trade-offs in letting machines decide — and how can we protect fairness without stifling innovation?
What are the hidden risks and trade-offs in letting machines decide — and how can we protect fairness without stifling innovation?
Naomi Rahim/Getty Images/CanvaToday’s consumers are swimming in a sea of information. Products are marketed with big, bold words such as “sustainable”, “ethical” and “organic”. They sound good, they catch our attention, and they make us feel better about what we buy.
The reality is, in today’s market, figuring out which claims are true is no easy task.
It was the latest blow to the credibility of the Australian Securities Exchange (ASX). This time, the nation’s stock exchange mixed up two company names in an error that briefly wiped A$400 million off the market value of our third biggest telco, TPG Telecom.
The Bank of England’s Monetary Policy Committee is responsible for making decisions about Bank Rate.
Jorge MataWe’ve all been there – absentmindedly tapping a credit or debit card to pay for something at a shop, only to remember moments later there is a 2.99% surcharge.
These surcharges are extra fees added to the total when a shopper opts for credit card and contactless payment rather than swiping and entering a PIN with a debit card.
The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.
Why do market-centric fixes for “unequal exchange” fall short? Sidelining social relations and production power turns colonialism into a pricing problem—and hides the mechanisms that keep uneven development in place.
When business researchers analyze data, they often rely on assumptions to help make sense of what they find. But like anyone else, they can run into a whole lot of trouble if those assumptions turn out to be wrong – which may happen more often than they realize. That’s what we found in a recent study looking at financial data from about a thousand major U.S. companies.
Without transparent accounting practices and proper risk management, the Federal Reserve’s current financial losses—unprecedented in scale—and the questionable accounting practices it uses to downplay their impact threaten public trust, economic stability, and the integrity of fiscal policy.
The Federal Reserve is experiencing something new in its history: sustained and sizable operating losses. These losses—currently running at more than $100 billion a year on an annualized basis—stem largely from the sharp rise in short-term interest rates, which has increased the interest the Fed pays on bank reserves while the income from its long-term securities portfolio remains comparatively low.