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Economy
GPT-5 might arrive this summer as a “materially better” update to ChatGPT
Enlarge When OpenAI launched its GPT-4 AI model a year ago, it created a wave of immense hype and existential…
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Economy
Nvidia announces “moonshot” to create embodied human-level AI in robot form
Enlarge / An illustration of a humanoid robot created by Nvidia. (credit: Nvidia) In sci-fi films, the rise of humanlike…
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Investing
Affordable Housing: Subsidies Raise Costs
Chris Edwards The federal low‐income housing tax credit (LIHTC) is an awful program for the reasons discussed in this 2017…
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Investing
Welcome to Free Society
Peter Goettler I’m excited to announce that today Cato launches its new quarterly magazine Free Society. Free Society will replace…
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Economy
Formula 1 chief appalled to find team using Excel to manage 20,000 car parts
Enlarge / A pit stop during the Bahrain Formula One Grand Prix in early March evokes how the team’s manager…
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Investing
FERC Nominees Can Avoid Pipeline Politics by Following the Law
Travis Fisher Tomorrow, the Senate Committee on Energy and Natural Resources (ENR) will hold a confirmation hearing for three new nominees…
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Investing
Medicare and Social Security Are Responsible for 100 Percent of US Unfunded Obligations
Romina Boccia The Financial Report of the United States Government (also known as the Financial Report) raises significant concerns about…
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Economy
“Disabling cyberattacks” are hitting critical US water systems, White House warns
Enlarge / Aerial view of a sewage treatment plant. (credit: Getty Images) The Biden administration on Tuesday warned the nation’s…
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Investing
Federal Housing Tax Credit: 2,060 Pages of Brutal Complexity
Chris Edwards The low‐income housing tax credit (LIHTC) provides $13 billion a year of federal subsidies to state governments, which distribute…
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Investing
A Record Quarter of a Million International Students Denied Visas, 36 Percent of Applicants
David J. Bier This updates an earlier post. Student visas are the primary jumping‐off point for most high‐skilled immigrants to…
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