Queens Jewish Link
Connecting the Queens Jewish Community Back in 1979, GM was one of the most powerful companies in the world. It literally had half of the US...
Everybody likes a summer vacation, but in the last two years taking one was difficult. The pandemic, quarantines, rioting, and economic hardships forced many people to change their plans, leaving them feeling deprived and disappointed. Are we about to see another summer of discontent?
That artificial intelligence (AI) poses a potential threat to people is not news. Tech gurus and scientists, ethicists and futurists, sounded the alarm years ago. It turns out they were both right and wrong: right in their assessment about the dangers but wrong in their timing. The rapid advances being made in AI make it a concern much sooner than they anticipated.
Just before Shavuos, some scary business stories broke - not scary in the way watching a Dracula or Frankenstein movie is, fiction where anything can happen but no one really gets hurt. These news stories were frightening because they were about real life, appeared within a day or two of each other, and were about events that may be imminent. With just a few words some of Wall Street’s most brilliant gurus sent shivers down investors’ spines. Even now, about two weeks later, The Street is still rattled by their comments.
One of the reasons New York became the most important city in America is its amazing infrastructure. The city’s bridges, roads, airports, tunnels, and highways - the systems that are very costly to build but that are crucial to its economic development - can all be found here.
Once upon a time, politics and business were two different worlds. Not anymore. These days there is a clear link between the two, and anyone who doubts this need only look at the growing number of billionaires tweeting about politics rather than investments. Will this trend affect the upcoming mid-term elections and beyond? Could it affect the markets? The answer to both is “Yes.”
Back in 1979, GM was one of the most powerful companies in the world. It literally had half of the US car market, a tremendous amount of cash and access to even more, among other assets. That’s when the company decided to embark on a $40 billion expansion plan. The goal: to eliminate all of the competition and take charge of the global auto industry.
