Top US economist predicts stock market crash worse than 2008 recession, 'This is over'
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American economist Harry Dent predicts that the S&P will go down 86% from the top and the Nasdaq 92%, resulting in a stock market crash worse than the 2008 recession. Dent warns that the current market situation is a calm before the storm and that the "everything" bubble hasn't burst yet. He believes that the bubble, which has been going on for 14 years, will eventually burst and lead to a crash of a lifetime. Dent attributes the prolonged bubble to artificial stimulus and excessive money flooding the economy. He predicts significant declines in top-performing stocks like Nvidia, with a potential drop of 98%. Dent's views are based on his expertise as an economist and his previous book, 'The Great Depression Ahead.'
#StockMarket #Crash #Economist #2008Recession #HarryDent
AI in banks? What CEOs of JPMorgan, Goldman Sachs and more are saying
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CEOs from JPMorgan, Goldman Sachs, and other banks share their opinions on AI in the banking sector. Jamie Dimon, CEO of JPMorgan Chase, believes AI will have extraordinary consequences and compares it to major technological inventions of the past. David Soloman, CEO of Goldman Sachs, sees huge potential in AI and is incorporating it into their operations. Larry Fink, CEO of BlackRock, highlights how AI can increase productivity and support salaries. The CEOs emphasize the need for a thoughtful approach and risk management in implementing AI.
#Ai #Banking #Jpmorgan #GoldmanSachs
Bill Maher lambasts Nickelodeon's Kid TV series claiming Hollywood is full of ‘paedophiles’
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Bill Maher criticizes Nickelodeon and Quiet on Set docuseries for exploiting child actors and putting them on sexual skits. Maher lambasted Nickelodeon during his “New Rules” segment on Real Time, while pointing his finger to Quiet on Set: The Dark Side of Kids TV docuseries. Maher took a lambasting brush and started painting a damning picture of Nickelodeon: “Nickelodeon? It wasn’t a studio, it was Neverland Ranch with craft services,” he shared of his portrayal of the Network after watching the series. Maher didn't stop critiquing Quiet on Set's content; he highlighted the “hypocrisy” prevalent in the industry and how it's a “dangerous workplace” for kids. Drawing parallels to Florida Governor Ron DeSantis's remarks about Disney, Maher suggested that the “dismissal” outcry against DeSantis revealed a double standard. The 68-year-old host didn't shy away from addressing specific instances of misconduct, such as the hiring of Brian Peck by Disney despite his prior conviction for assaulting a Nickelodeon child actor. Maher wryly noted the irony of Peck finding employment in a children's show post-conviction, quipping, “For paedophiles in Hollywood, it's a small world after all.” Maher also questioned the motives behind Drag Queen Story Hours, stating, “Not that there’s anything wrong with being a drag queen. But maybe it’s time to admit that sometimes Drag Queen Story Hour is more for the Queen than the kids.”
#BillMaher #Nickelodeon #Hollywood #Paedophiles #ChildActors
Bill Maher lambasts Nickelodeon's Kid TV series claiming Hollywood is full of ‘paedophiles’
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Bill Maher criticizes Nickelodeon and Quiet on Set docuseries for exploiting child actors and putting them on sexual skits. Maher lambasted Nickelodeon during his “New Rules” segment on Real Time, while pointing his finger to Quiet on Set: The Dark Side of Kids TV docuseries. Maher took a lambasting brush and started painting a damning picture of Nickelodeon: “Nickelodeon? It wasn’t a studio, it was Neverland Ranch with craft services,” he shared of his portrayal of the Network after watching the series. Maher didn't stop critiquing Quiet on Set's content; he highlighted the “hypocrisy” prevalent in the industry and how it's a “dangerous workplace” for kids. Drawing parallels to Florida Governor Ron DeSantis's remarks about Disney, Maher suggested that the “dismissal” outcry against DeSantis revealed a double standard. The 68-year-old host didn't shy away from addressing specific instances of misconduct, such as the hiring of Brian Peck by Disney despite his prior conviction for assaulting a Nickelodeon child actor. Maher wryly noted the irony of Peck finding employment in a children's show post-conviction, quipping, “For paedophiles in Hollywood, it's a small world after all.” Maher also questioned the motives behind Drag Queen Story Hours, stating, “Not that there’s anything wrong with being a drag queen. But maybe it’s time to admit that sometimes Drag Queen Story Hour is more for the Queen than the kids.”
#BillMaher #Nickelodeon #Hollywood #Paedophiles #ChildActors
AI's increasing impact on journalism: Check out the risks, latest developments and more
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Artificial intelligence is causing a fundamental change in the news ecosystem, according to media expert David Caswell. Machines will play a larger role in news gathering, producing audio, video, and text, and creating consumer experiences. Tools like Google's 'Genesis' are being developed to assist journalists in analyzing, summarizing, and editing content. The cost of using generative AI has decreased significantly, making it accessible to smaller newsrooms and individuals without technical backgrounds. However, the risk is that other organizations and tech companies may outpace traditional news organizations in adopting AI. Journalism has the opportunity to participate in a new ecosystem and change its future with AI. The stage of AI development for practical purposes is still in progress, with much to learn about its valuable applications. The article emphasizes the need for news organizations to adapt and organize themselves around AI rather than expecting AI to adapt to journalism.
#ArtificialIntelligence #Journalism #NewsEcosystem #Media #Technology
Seeing Silicon | How I was scammed by an AI on LinkedIn
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The article discusses the issue of AI-created profiles on LinkedIn and how they have become a problem for the platform. The author shares her personal experience of being scammed by an AI-generated profile on LinkedIn. The profile had a perfect photo and a generic designation, but the profile description and education chronology felt like they were generated by an AI. The author realized that she had been scammed when she received a message with an attached document that turned out to be a virus. The profile, message, and document were deleted from her account within 20 minutes. The article mentions that AI-generated fake profiles have been a problem for LinkedIn since 2022. These profiles use computer-generated profile photos that are "indistinguishable" from real faces. LinkedIn has implemented measures to combat fake profiles, including automated fake account detection and a new AI image detector. The company removed over 15.1 million fake accounts in the first half of 2023. LinkedIn has also introduced real-life verifications and a feature called 'About This Profile' to provide more transparency. However, the article notes that it has become a cat-and-mouse game as AI capabilities improve. The author advises caution when adding people to her network and has reset her LinkedIn password. She also mentions observing her iPhone for signs of covert software. The article concludes by highlighting the benefits of a verified profile on LinkedIn.
#Linkedin #Ai #FakeProfiles #Scam #Verification
IMF Sees Growth Edging Higher But Still Warns of ‘Tepid Twenties’
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The International Monetary Fund (IMF) hinted it will nudge its global growth forecasts slightly higher, with an expansion of 3.1% this year and 3.2% in 2025. However, the IMF warns that the world economy still risks a 'Tepid Twenties' this decade if inflation and debt challenges aren't addressed. The IMF chief, Kristalina Georgieva, called on central banks to avoid premature or delayed monetary easing and for countries to bring their debt to sustainable levels and pursue policies to boost productivity growth. Georgieva also highlighted the need for caution in industrial policy actions and warned of a growing divergence within and across country groups, with the US economy rebounding strongly while Europe has a more gradual recovery. The IMF's spring meetings will be held jointly with the World Bank in Washington next week.
#Imf #GlobalGrowth #Inflation #Debt #Economy #CentralBanks #ProductivityGrowth #IndustrialPolicy #Divergence #SpringMeetings
EU Ramps Up Pressure on China’s Green Tech With Wind Probe
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The European Union has launched a preliminary probe into Chinese involvement in wind parks in Spain, Greece, France, Romania, and Bulgaria as part of its efforts to transform the bloc into a green economy. The EU's competition chief, Margrethe Vestager, stated that China is seen as a partner, an economic competitor, and a systemic rival, and the last two dimensions are increasingly converging. The EU's examination into Chinese investments follows a full-blown probe into bids by Chinese firms for a Romanian solar park, and a Chinese company recently abandoned a €610 million Bulgarian railway tender after an EU investigation began. The move has drawn criticism from the China Chamber of Commerce to the EU, which sees it as discrimination against Chinese enterprises and endorsing protectionism. The EU aims to cut dependence on imports of clean technologies and boost resilience, and wind energy is crucial in meeting Europe's goal of zeroing out greenhouse gases by the middle of the century. The EU exported wind turbines worth $1.98 billion to the rest of the world in 2023, with imports from China worth €160 million. The EU wants to avoid a repeat of the situation in the solar panel industry, where less than 3% of the solar panels installed in the EU are produced in Europe. The move is seen as a wakeup call about the consequences of China's industrial overcapacity for Europe's competitiveness and a key battleground in the conflict between China and western countries for economic dominance.
#Eu #China #GreenTech #WindEnergy #Investments #Competition #Subsidies #TradePractices
State Street Sees Half-Point Fed Rate Cut as Soon as June
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State Street Global Advisors predicts that the Federal Reserve will cut interest rates by 50 basis points as soon as June, ahead of the US presidential election in November. The firm expects a total reduction of 150 basis points by the end of the year. State Street maintains that the US economy is not as strong as it seems, citing indicators like credit card delinquencies and the cost of credit to small businesses. The firm believes that the market is underestimating the likelihood of deeper rate cuts and sees the US election as a driver for larger rate cuts than expected. State Street continues to be overweight US stocks and long-duration sovereign bonds, with a preference for Treasuries. The firm has also increased its allocation to gold as a diversification strategy. The article was generated from an automated news agency feed without modifications to text.
Latest Entertainment News, Live Updates Today April 9, 2024: Diljit Dosanjh is married to an Indian-American woman, has a son: reveals actor's friend
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Diljit Dosanjh, a Bollywood actor, is revealed to be married to an Indian-American woman and has a son, according to a friend of the actor. Dosanjh will be seen in the titular role in the film 'Amar Singh Chamkila,' directed by Imtiaz Ali and set to release on Netflix on April 12. In other news, the Fable anime, based on Katsuhisa Minami's manga, will release its next episode on April 14. IU's agency has issued an apology to the singer and fans over a concert ticket sales controversy and has introduced reforms. Kareena Kapoor's AI-generated avatar as Gangubai in the film 'Gangubai Kathiawadi' is receiving praise from fans. SHINee members Minho and Key have renewed their contract with SM Entertainment. Country singer Morgan Wallen denounces a fan for booing Taylor Swift. Kevin Costner's multi-part series 'Horizon: An American Saga' will premiere at the Cannes Film Festival. Ranjeet reveals that Jaya Bachchan replaced Parveen Babi in the film 'Silsila' and that she was upset about it. Robert Downey Jr. expresses his willingness to return as Iron Man in the Marvel Cinematic Universe. Jiya Shankar, a former contestant on Bigg Boss OTT 2, appeals to fans as her mother gets hospitalized. Ekta Kapoor reveals that she received a lot of hatred after the release of the film 'Thank You For Coming' and may have to go into hiding when 'LSD 2' comes out. Rhea Kapoor confirms that a sequel for the film 'Crew' was proposed a week after they finished shooting. Taylor Swift teases a lyric from her upcoming album on the day of a total solar eclipse. Lady Gaga sparks engagement rumors as she flaunts a diamond ring while dating Michael Polansky. The City Girls duo, Yung Miami and JT, engage in a nasty online feud. The K-drama 'Lovely Runner,' starring Byeon Woo Seok and Kim Hye Yoon, receives positive early reviews for its emotional relatability. Jaya Bachchan calls Amitabh Bachchan the 'biggest baby' in the house and says that Abhishek Bachchan 'talks non-stop.' Teja Sajja, an actor, reflects on the success of the film 'HanuMan' and talks about his upcoming projects in an interview. Billie Eilish unfollows her entire 'Close Friends' list on Instagram after announcing her new album. Kareena Kapoor's AI-generated avatar as Gangubai in the film 'Gangubai Kathiawadi' is receiving praise from fans. Ranjeet, a veteran Bollywood actor, expresses his concern about the vulgarity in movies and web series today. Ajay Devgn's film 'Maidaan' receives positive reviews for his performance as a football coach. Taylor Swift teases a lyric from her upcoming album on the day of a total solar eclipse.
#DiljitDosanjh #Bollywood #AmarSinghChamkila #ImtiazAli #Netflix #FableAnime #KatsuhisaMinami #Manga #Iu #ConcertTicketSalesControversy #KareenaKapoor #GangubaiKathiawadi #AigeneratedAvatar #Shinee #Minho #Key #SmEntertainment #MorganWallen #TaylorSwift #KevinCostner #Horizon:AnAmericanSaga #CannesFilmFestival #Ranjeet #JayaBachchan #Silsila #RobertDowneyJr #IronMan #JiyaShankar #BiggBossOtt2 #EktaKapoor #ThankYouForComing #RheaKapoor #Crew #LovelyRunner #ByeonWooSeok #KimHyeYoon #BillieEilish
Country Garden appoints legal adviser, urges creditor patience
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Distressed Chinese property developer Country Garden Holdings Co. has engaged Linklaters LLP as the principal legal adviser for its offshore debt restructuring. The company has also engaged Kroll LLC to perform an independent recovery analysis on the group to provide information for creditors. Country Garden has made significant progress on its restructuring plan and is determined to advance a holistic solution that ensures the long-term development of the group and fair treatment of all creditors. The company is facing financial woes, with an 83% slump in home sales last month exacerbating its cash crunch. It recently warned it will miss a deadline for reporting annual results, causing its shares to be suspended from trading in Hong Kong. Country Garden is also fighting off a winding-up petition in a Hong Kong court filed by a single creditor, with the first hearing scheduled for May 17. An ad-hoc group of creditors has named PJT Partners Inc. as financial adviser and Kirkland & Ellis LLP as legal adviser. KPMG Advisory (China) Ltd. is the principal financial adviser for Country Garden's restructuring.
#CountryGarden #LinklatersLlp #DebtRestructuring #Creditors #FinancialWoes #HomeSales #CashCrunch #WindingupPetition #PjtPartnersInc #Kirkland&EllisLlp #KpmgAdvisory(china)Ltd
'Pakistan mein ghus kar marenge': Rajnath Singh's stern warning to terrorists | 5 quotes
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Indian Defence Minister Rajnath Singh issued a stern warning to terrorists, stating that India will enter Pakistan to eliminate anyone who escapes over the border after attempting to carry out terrorist activities in India. Singh's statement comes in response to a report by The Guardian claiming that Indian intelligence agencies have killed several terrorists in Pakistan since 2020. The Indian Ministry of External Affairs has denied these claims, calling them 'false and malicious anti-India propaganda.' Singh emphasized that India wants to maintain cordial relations with its neighbors but will not spare anyone who tries to intimidate India through terrorism. He also expressed confidence that the people of Pakistan-occupied-Kashmir will demand to be with India and affirmed that Arunachal Pradesh is and will always belong to India.
#RajnathSingh #Pakistan #Terrorism #IndiapakistanRelations
10 striking images of star forming regions captured by NASA
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NASA frequently shares captivating pictures of star-forming regions in the universe. Here are 10 striking images captured by NASA's Hubble Space Telescope: 1. The heart of the Trifid Nebula, a star-forming region within the Milky Way Galaxy, at a distance of about 9,000 light-years. 2. The Orion Nebula, the closest star-forming region to Earth, at a distance of about 1,500 light-years. 3. The star-forming region known as IRAS 16562-3959 within the constellation Scorpius. 4. The Sharpless 2-106 Nebula, nearly 2,000 light-years from Earth, featuring an hourglass shape formed by rings of dust. 5. The star-forming region G35.2-0.7N, showing a powerful protostellar jet formed by beams of matter ejected from young stars. 6. The Lagoon Nebula, featuring intense winds and hot clouds of gas emitted from star formation. 7. A cosmic reef, part of a vast star-forming region with massive stars 10-20 times the size of the sun. 8. A pillar of gas and dust in the Carina Nebula, a vast star-forming region. 9. The star-forming region 30 Doradus, featuring hundreds of sparkling blue stars amidst gas and dust. 10. The Horsehead Nebula, featuring a pillar of hydrogen gas and dust. These images offer a visual spectacle and showcase the beauty of star formation in the universe.
#Nasa #StarFormingRegions #HubbleSpaceTelescope #TrifidNebula #OrionNebula #Iras165623959 #Sharpless2106Nebula #G35207n #LagoonNebula #CarinaNebula #30Doradus #HorseheadNebula
Obesity breakthrough: Study sheds light on genetic factors driving excess weight
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A new study published in the journal Nature Genetics reveals that researchers have identified rare gene variants that increase the risk of obesity in adults. The study, conducted by scientists from the Medical Research Council at the University of Cambridge, analyzed data from over 500,000 people and found variants in two genes called BSN and APBA1 that are associated with an increased risk of obesity. The variants in the BSN gene, also known as Bassoon, were found to be linked to an increased risk of diabetes and fatty liver disease. The researchers believe that these gene variants may lead to the degeneration of neurons in the brain, affecting the circuits that control food intake and ultimately leading to obesity. The study's findings could potentially help in the development of new drugs or the customization of existing ones for targeted treatment of obesity.
#Obesity #Genetics #Study #GeneVariants #UniversityOfCambridge #BsnGene #BassoonGene #Diabetes #FattyLiverDisease #Neurons #Brain #Treatment
Deepika Padukone dancing to Deewani Mastani gets featured on Oscars' official Instagram handle; Ranveer Singh reacts
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The Academy's official Instagram handle shared a clip of Deepika Padukone dancing to the song Deewani Mastani from the movie Bajirao Mastani. Ranveer Singh, Deepika's husband and co-star, commented on the post. The song is sung by Shreya Ghoshal and is from filmmaker Sanjay Leela Bhansali’s directorial, also featuring Priyanka Chopra. Last year, Deepika performed the Oscar-winning song Naatu Naatu at the 95th Academy Awards. The song is from the movie RRR and is the first-ever Telugu song to be performed, nominated, and win at the Oscars.
#DeepikaPadukone #DeewaniMastani #Oscars #BajiraoMastani #RanveerSingh
IIT Guwahati partners with Samagra Shiksha Assam to host science and maths olympiad
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Indian Institute of Technology Guwahati, in collaboration with Samagra Shiksha Assam, organized a science and maths olympiad to enhance scientific curiosity among students. Over 1.14 lakh students from 3,828 schools across Assam participated in the event. The objectives of the olympiad were to cultivate a culture of scientific inquiry and mathematical reasoning, identify and nurture talented individuals in STEM subjects, provide a competitive platform for students to demonstrate their skills, raise awareness about the significance of STEM education, and foster innovation and critical thinking skills. The olympiad was conducted in two phases: an OMR-based test for secondary school students across the state, followed by a state-level round. The top 2 performers from each district were selected to participate in the final round at IIT Guwahati, where 62 finalists from classes 9th and 10th competed and 3 state winners emerged.
#IitGuwahati #SamagraShikshaAssam #Science #Maths #Olympiad #Stem
Best electric juicer machine under ₹2000: Top 10 budget-friendly models to get fresh juice every morning
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Discover the top 10 electric juicer machines under ₹2000! Unveil budget-friendly picks for convenient juicing. Get the best bang for your buck. The Cookwell Bullet Mixer Grinder is a sleek silver grinder with three jars and two blades, perfect for grinding spices, making chutneys, and blending smoothies. The SUPERSTUD Portable USB Juicer Blender is a portable and lightweight juicer machine with a USB rechargeable battery, ideal for travel or outdoor use. The NutriPro Juicer Mixer Grinder is a powerful machine that efficiently transforms fruits and vegetables into smoothies and juices. The PHILIPS Citrus Press Juicer is designed for extracting juice from citrus fruits, with a sleek and efficient design. The VENO Portable Electric Nail Drill is a professional-grade tool for nail care, with a washable design and USB rechargeability. The ACTIVA Easy Mix Nutri Mixer Grinder is a versatile machine for grinding spices, making smoothies, and preparing shakes. The ROMINO Rechargeable Citrus Juicer is a portable and wireless juicer with USB charging capability, perfect for squeezing citrus fruits. The Amplesta Blast Portable Blender is a cordless blender with a 350ml capacity, ideal for blending on the go. The InstaCuppa Portable Blender is a versatile blender with USB rechargeability, suitable for making smoothies, milkshakes, and crushing ice. The BLENLABS Portable Blender is a portable and rechargeable blender with a 6-blade design, perfect for making smoothies and juices.
#ElectricJuicer #Budgetfriendly #Juicing #KitchenAppliances
Best Juicer Mixer Grinders: Top 10 picks that guarantees you a healthy and fit lifestyle
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This article provides a comprehensive guide to the top 10 juicer mixer grinder models that have garnered acclaim for their performance, durability, and innovation. It highlights the features and specifications of each model, including motor power, jar capacity, and build quality. The article also offers recommendations for finding the best multipurpose mixer grinder, considering factors such as brand reputation and price. The Prestige Iris Plus 750W Mixer Grinder is highlighted as the top choice due to its powerful motor, stainless steel blades, and versatile functionality. The Pigeon by Stovekraft Gusto 550 Watts Juicer Mixer Grinder is recommended as the best value for money option. The article concludes by providing links to related articles on best washing machines, ACs, TVs, air coolers, and refrigerator brands.
#JuicerMixerGrinders #KitchenAppliances #ProductReviews
BoAt takes on Apple in its latest ad, sparks a debate on X
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BoAt, an audio products company, launched an ad campaign urging people to switch from Apple to boAt. The ad shows boAt's earphones beside an Apple with a text that reads "think better" and asks people not to be fanboys, but to be a boAthead. The ad sparked a debate among social media users, with some loving the creativity and others not being too impressed.
#Boat #Apple #AdCampaign #SocialMedia #Debate
Naveen Jindal reacts to coal scam charges after getting BJP ticket: 'We are a simple family'
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Industrialist Naveen Jindal, who recently quit the Congress and got the BJP ticket to contest from the Kurukshetra Lok Sabha constituency, addressed the coal scam charges against him. He stated that his family comes from a simple background and has contributed a lot to the country. Jindal mentioned that his father and brothers have generated employment in factories and paid crores and lakhs in taxes over the last 20 years. He expressed confidence in the judiciary and stated that truth will prevail. Naveen Jindal represented the Kurukshetra constituency as a Congress MP from 2004 to 2014. He resigned from the Congress and joined the BJP. Jairam Ramesh, Congress general secretary, commented on Jindal's resignation, stating that it was expected and that Jindal needed a "giant-size washing machine." Jindal's mother, Savitri Jindal, also quit the Congress and joined the BJP. She was named the richest woman in the country by Forbes India.
#NaveenJindal #CoalScamCharges #Bjp #Congress #KurukshetraConstituency