Thursday, September 9, 2021

What was, what might have been, what could be: War money spent elsewhere - Catholic News Service

WASHINGTON (CNS) — Some people consider the $3.5 trillion infrastructure proposal being proposed by congressional Democrats a huge chunk of change.

The “Costs of War Research Series” by Brown University’s Watson Institute for International & Public Affairs puts the price tag over the past 20 years at $8 trillion, more than double the infrastructure bill’s projected cost.

Publisher: Catholic News Service
Date: 2021-09-09T15:00:30 00:00
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Money, Mimicry and Mind Control: Big Tech Slams Ethics Brakes on AI

SAN FRANCISCO — In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to lend money to.

It turned down the client’s idea after weeks of internal discussions, deeming the project too ethically dicey because the AI technology could perpetuate biases like those around race and gender.

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Publisher: Claims Journal
Date: 2021-09-09T05:00:36 00:00
Twitter: @cjournal
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Bitcoin is barter, not money, Mexico central bank chief says | Reuters

MEXICO CITY, Sept 9 (Reuters) - Bitcoin is more like a means of barter than "evolved" fiat money, Mexico's central back chief said on Thursday, calling it a high-risk investment and a poor store of value.

Bank of Mexico Governor Alejandro Diaz de Leon's comments suggest Mexico will not be following El Salvador any time soon in adopting the digital currency as parallel legal tender.

Publisher: Reuters
Date: 2021-09-09T17:35:41Z
Author: Reuters
Twitter: @Reuters
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Bloomberg - Are you a robot?
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CEOs Give Advice To Millennials About Saving Money

If there's anyone who can teach younger generations about saving money, it's the men and women who are systematically robbing them of accumulated wealth and hoarding it for themselves.

"Automatically set aside one 737 every month. You'll barely miss it at the time, but you'll eventually have a whole fleet."

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Publisher: The Onion
Date: 2021-09-09T18:40:00.505Z
Twitter: @theonion
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German finance ministry raided in money laundering probe | Reuters

A flag flutters in front of the German finance ministy in Berlin, Germany, September 9, 2021, as German prosecutors raided the finance and justice ministries as part of an investigation into possible obstruction of justice by the government's anti-money laundering agency. REUTERS/Annegret Hilse

Publisher: Reuters
Date: 2021-09-09T15:14:26Z
Author: Hans Seidenstuecker John O
Twitter: @Reuters
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U.N. warns Afghanistan needs money to prevent total breakdown | Reuters

Deborah Lyons, Special Representative of the Secretary General of the United Nations for Afghanistan makes a statement during the 2020 Afghanistan Conference at the United Nations in Geneva, Switzerland November 24, 2020. REUTERS/Denis Balibouse

UNITED NATIONS, Sept 9 (Reuters) - The United Nations warned on Thursday that the freezing of billions of dollars in Afghan assets to keep them out of Taliban hands would inevitably spark "a severe economic downturn" and could push millions more Afghans into poverty and hunger.

Publisher: Reuters
Date: 2021-09-09T21:48:12Z
Author: Michelle Nichols
Twitter: @Reuters
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70% of people don't save money for future healthcare costs — do you? - MarketWatch

Healthcare costs are one of the most expensive line items in a retiree's budget, and yet not all Americans entering retirement are prepared for these expenses.

This poses a significant problem for retirees, many of whom are on fixed budgets. Healthcare becomes more expensive as a person ages, especially when taking into consideration a growing list of ailments naturally associated with getting older.

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Publisher: MarketWatch
Date: 2021-09-09T12:50:00-04:00
Author: Alessandra Malito
Twitter: @marketwatch
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