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Daily Digest 12/5 – The Age Of AI, The Stoic Virtue Of Self-Sufficiency

Summary:
Economy Inequality, Climate Change And The Role Of Central Banks (Alex M.) “Should central banks resist the calls to take more account of ethical distributional and environmental concerns in the design and implementation of the wider set of monetary policy tools they have been using in the past decade?” asks Honohan. “Many central bankers will balk at the idea, fearing a damaging loss of independence and a dangerous distraction from their core competencies. These are clearly valid and important concerns.” Hospitals Sue Trump to Keep Negotiated Prices Secret (thc0655) While the administration is already requiring hospitals to post some of their list prices, the public outcry over surprise medical bills and high out-of-pocket costs led the administration to seek even more detail on

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Daily Digest 12/5 – The Age Of AI, The Stoic Virtue Of Self-Sufficiency

Economy

Inequality, Climate Change And The Role Of Central Banks (Alex M.)

“Should central banks resist the calls to take more account of ethical distributional and environmental concerns in the design and implementation of the wider set of monetary policy tools they have been using in the past decade?” asks Honohan.

“Many central bankers will balk at the idea, fearing a damaging loss of independence and a dangerous distraction from their core competencies. These are clearly valid and important concerns.”

Hospitals Sue Trump to Keep Negotiated Prices Secret (thc0655)

While the administration is already requiring hospitals to post some of their list prices, the public outcry over surprise medical bills and high out-of-pocket costs led the administration to seek even more detail on rates. Patients have long complained that they are completely in the dark about what a doctor’s visit or surgery will cost until after they receive the bill. Knee surgery, for example, can cost thousands of dollars more at one hospital than at another in the same region.

At the heart of the administration’s efforts is an attempt to tackle rising hospital costs, which have outpaced the increase in physician prices, according to a recent study by health economists in Health Affairs. The economists estimated that hospital inpatient prices increased 42 percent from 2007 to 2014.

Poor students are not going to universities that their grades deserve, study finds (Thomas R.)

The study, which was funded by the Nuffield Foundation, also found that white students were more likely to “undermatch” than their peers from ethnic minorities.

Students who prefer to live closer to home, who are less sure about whether they will go to university by age 16, and those who do not get into university with their first choice of subject, are all more likely to undermatch.

Frontline: The Age Of AI (Sparky1)

A documentary exploring how artificial intelligence is changing life as we know it — from jobs to privacy to a growing rivalry between the U.S. and China.

History Was Supposed To End. What Happened? (Matt H.)

As always with politics, the reform efforts were too little too late. Public anger at the status quo built until the end of the century even as private enterprise effectively constructed a completely new system based on information and decentralized control. Ten years later, we had the app economy, the ubiquitous cell phone, and globalized commerce to the point that more than 60% of the GNP of the world was attributable to imports and exports. It seemed like there was no going back.

Self-Sufficiency: the Ultimate Stoic Virtue (westcoastjan)

There are those who argue against self-sufficiency as if it’s the enemy of progress. And there’s an element of truth to this. Since we don’t all have to worry about harvesting our own food, sewing our own clothes, or building our own tools, we can get further up on the hierarchy needs. We can trade chores and focus on what we find meaning in. This is progress.

Silver and the Deep State (GE Christenson)

But the U.S. government doesn’t extract enough tax dollars to fund the programs that our paid-for congress deems necessary, so government borrows the difference.

The consequences are clear. Debt increases every year, dollars are devalued, and prices rise. Wall Street, the financial cartel, and the military-industrial-security complex increase their wealth and influence over the economy… and the game continues.

Zimbabwe Begs White Farmers To Return As Nation Teeters On Brink Of ‘Manmade Starvation’ (thc0655)

South Africa is teetering on the brink of a race war after President Cyril Ramaphosa called on parliament to pass a law allowing white-owned land to be “confiscated” by blacks without any form of compensation.

Ramaphosa called white land ownership the “original sin”, and stated that he wants to see “the return of the land to the people from whom it was taken… to heal the divisions of the past.”

Comedy, Metaphors & Emotional Resilience (newsbuoy)

While we do use metaphors as part of sayings, intentional practice and use can help us deal with anxiety, uncertainty, frustration and depression. Explaining how you feel with a metaphor may help you to become more empathetic toward oneself and others.

Why Apocalyptic Claims About Climate Change Are Wrong (thc0655)

Journalists and activists alike have an obligation to describe environmental problems honestly and accurately, even if they fear doing so will reduce their news value or salience with the public. There is good evidence that the catastrophist framing of climate change is self-defeating because it alienates and polarizes many people. And exaggerating climate change risks distracting us from other important issues including ones we might have more near-term control over.

Climate Change Is Accelerating, Bringing World ‘Dangerously Close’ to Irreversible Change (RS)

In a recent commentary in the journal Nature, scientists from the Potsdam Institute for Climate Research in Germany and other institutions warned that the acceleration of ice loss and other effects of climate change have brought the world “dangerously close” to abrupt and irreversible changes, or tipping points. Among these, the researchers said, were the collapse of at least part of the West Antarctic ice sheet — which itself could eventually raise sea levels by four feet or more — or the loss of the Amazon rainforest.

Grandmother dumps burnt remains of home at Parliament House in climate change protest (ezlxq1949)

“We’ve got no leadership, we’ve got no discussion, we’ve got no debate, we’ve got nothing,” she said.

“We need a bipartisan approach. I completely understand that the Labor Party are absent in this as well.”

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Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

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