Tag Archives: widely

Household incomes vary widely across the U.S., creating a new kind of inequality

Household incomes vary widely across the U.S., creating a new kind of inequality

Post-pandemic America has seen inflation grow rapidly, along with household income inequality. According to a recent study published by the Economic Policy Institute (EPI), household incomes have decreased for the average American since 2019 and vary widely by state. (Income is defined as earnings plus Social Security, dividends, interest, etc.) For example, southern states like Louisiana, Alabama, Mississippi, and Arkansas saw a median income of $55,000 or less in 2021, whereas Maryland… Source link

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Biden set to sign widely awaited order to study crypto, digital dollar

President Joe Biden on Wednesday will officially sign an executive order directing agencies to study cryptocurrencies and a central bank digital currency (CBDC), and come up with a government-wide approach to regulating digital assets. The long-awaited order lays out a national policy for digital assets across priorities, including, consumer and investor protection, financial stability, illicit finance, maintaining U.S. leadership in the global financial system and financial inclusion. The… Source link

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Abbott says at-home COVID tests will be widely available again by end of October

Abbott Laboratories (ABT) has an enviable problem: It can’t produce enough rapid at-home COVID-19 antigen tests to keep up with demand. The company had previously warned that there would be a shortage of tests, though they are not the result of the supply chain issues many companies are facing. In a statement, Abbott explained that the company had started to reduce production when demand waned earlier this year. But following the surge of the Delta variant in recent months, which resulted in a… Source link

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Google widely criticized after parting ways with a leading voice in AI ethics

Timnit Gebru is known for her research into bias and inequality in AI, and in particular for a 2018 paper she coauthored with Joy Buolamwini that highlighted how poorly commercial facial-recognition software fared when attempting to classify women and people of color. Their work sparked widespread awareness of issues common in AI today, particularly when the technology is tasked with identifying anything about human beings. At Google, Gebru was the co-leader of the company’s ethical AI team,… Source link

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