With UK unemployment rising, will the government’s plan for young people pay off? An economist’s view
Monkey Business Images/ShutterstockThere are nearly one million young people in the UK who are not in employment, education or traini
Teenagers are preparing for the jobs of 25 years ago – and schools are missing the AI revolution
Matej Kastelic/ShutterstockThe government has recently released its national youth strategy, which promises better career advice for young people in England. It’s sorely needed: for teenagers today, the future of work probably feels more like a moving target than a destination. Barely three years after ChatGPT went mainstream, the labour market has already shifted under young people’s feet.
Government’s growth ambitions meet RRF reality
The government was battered this week by farmers blocking national roads and key infrastructure and from its own parliamentary group, which questioned openly the administration’s approach, the Eurogroup’s unanimous election of Greek Finance Minister Kyriakos Pierrakakis as its president for the next two and half years was a welcome development for Prime Minister Kyriakos Mitsotakis, at least on the public relations front.
PM faces new challenges as public sides with farmers, Tsipras questions recovery
The parliamentary debate over next year’s budget is due to conclude with Prime Minister Kyriakos Mitsotakis intervention this Tuesday. His comments will be made against the backdrop of an ongoing protest by farmers, which seems to have significant public support, and the questioning of Greece’s recovery under the New Democracy administration by former PM Alexis Tsipras, who may emerge as Mitsotakis’s main rival in the months ahead.
No surprises in Trump’s NSS for Greece as Athens outlines Ukraine position
The US National Security Strategy (NSS), published on November 5, crystallises many of the core elements of the White House’s global approach.
Trump’s Nvidia Chip Deal Reverses Decades of Technology Restrictions
President Trump’s decision to allow Nvidia to sell its chips to China has raised questions about whether he is prioritizing short-term economic gain over long-term American security interests.
Buy now, panic later is the new holiday ritual – stopping it won’t be easy
Olya Detry/ShutterstockThe holiday season brings celebration and gift-giving, but it also ushers in something less festive: financial stress. In the UK, retailers now shape much of the spending calendar, with Black Friday one of the busiest shopping events of the year.
FEDS Paper: LLM on a Budget: Active Knowledge Distillation for Efficient Classification of Large Text Corpora*
Viviana Luccioli, Rithika Iyengar, Ryan Panley, Flora Haberkorn, Xiaoyu Ge, Leland Crane, Nitish Sinha, and Seung Jung LeeLarge Language Models (LLMs) are highly accurate in classification tasks, however, substantial computational and financial costs hinder their large-scale deployment in dynamic environm
FEDS Paper: Rates of return on private and public businesses
Jesse Bricker, Kevin B. Moore, and Alice H. VolzPrivately owned business assets are an important source of wealth for families across the world, but measurement issues are believed to hamper our understanding of these firms.
FEDS Paper: Funds of Funds' Portfolio Rebalancing during the COVID-19 Crisis
Nathan Foley-Fisher and Jeongmin (Mina) LeeDuring the COVID-19 crisis, large outflows from bond mutual funds disrupted debt markets. We show that "funds of funds"-mutual funds that invest in other mutual funds-accounted for a third of those outflows in March 2020. They rebalanced their portfolios mechanically in response to equity market losses, selling bond funds and purchasing equity funds.
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