Would this bother you? 500px/Getty ImagesImagine you have a bag you really like. It felt like “the one” when you bought it.
Over time, it starts to look worn. There are some scuffs on it. Nothing is actually wrong with the bag, and it still works exactly as it should. Yet, once you notice those imperfections, you start thinking about buying a new one to replace it.
The midterm elections appear to be a factor for both sides in the war as President Trump weighs his next steps.
The U.S. House of Representatives votes on the Inflation Reduction Act in August 2022. AP Photo/Patrick SemanskyA massive federal spending effort to combat climate change passed in 2022 without a single Republican vote in the U.S. House or the Senate.
Mariana Serdynska/ShutterstockChildhood trauma can leave scars that last long after the experiences themselves have ended. Its effects can reach into adult life, increasing the risk of mental illness, physical health problems and other difficulties.
General-purpose technologies create large opportunities but make their distribution across firms difficult to assess in real time. We use banks as interpreters of the rise of generative AI by studying lender-specific probability-of-default (PD) estimates for private firms in four large euro-area economies. As public attention to AI rises after ChatGPT, banks lower assessed default risk for borrowers in highly AI-exposed industries by about 5%. The reassessment is weaker for labor-intensive firms and stronger among lenders with pre-existing industry expertise.
This paper quantifies the regulatory cost of short-term money market transactions and analyses how post-global financial crisis prudential reforms shape the structure of euro area money markets and the redistribution of central bank reserves. As the stock of reserves declines with the normalisation of the European Central Bank’s balance sheet, trading in money markets is becoming increasingly important to banks’ liquidity management. As the related money market volumes rise, regulatory constraints may become a more visible determinant of trading activity and short-term rate formation.
General-purpose technologies create large opportunities but make their distribution across firms difficult to assess in real time. We use banks as interpreters of the rise of generative AI by studying lender-specific probability-of-default (PD) estimates for private firms in four large euro-area economies. As public attention to AI rises after ChatGPT, banks lower assessed default risk for borrowers in highly AI-exposed industries by about 5%. The reassessment is weaker for labor-intensive firms and stronger among lenders with pre-existing industry expertise.
Hospital price transparency has not delivered lower costs because buyers still lack meaningful alternatives. A new proposal would restore bargaining power by pairing independently set reference prices with a ban on restrictive hospital contracts that prevent health plans from steering patients elsewhere.
A sweeping Senate health reform blueprint takes aim at insurers, PBMs, and administrative abuses while leaving hospital prices largely untouched. Concentrated hospital systems remain a major source of rising costs, weakened bargaining power, and pressure on household budgets.
Inflation is high, consumer spending is strong and seemingly everything depends on what happens with artificial intelligence.
