Well, would you look at that! The economy grew at a healthy 2.4% in Q2, faster than expected. With inflation down to just 3% and unemployment at 50 year lows, can we start agreeing that Bidenomics is working?
Here's a well-written article that reflects something I've noticed across a number of jobs during my career: KPIs are often the problem, not the solution.
Yes, businesses should measure performance. They should seek to improve the metrics that matter.
But setting KPI targets forces staff to focus solely on reaching a particular metric for a particular target, at the expense of everything else.
(1/5) In 2022, users got the impression of contacting a real #artificialintelligence for the first time. #ChatGPT got one million users within five days and over 100 million users six months later. Companies and industries are now thinking about how they can systematically use generative AI, such as ChatGPT. For example, British telecommunications provider BT Group is planning to replace 10,000 employees with AI ...
(3/5) #ChatGPT is also used for writing wedding and funeral speeches. However, there are still a few "little things" that need to be ironed out. These "little things" are not so small because of their impact on the #economy and #society, and they are probably not completely solvable in the long term.
Human economies need growth, natural ecologies need degrowth. Therefore the logical sociological solution is to have virtual growth in economies that leads to material degrowth in ecologies.
Bank “Morgan Stanley is crediting President Joe Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to make a “sizable upward revision” to its estimates for U.S. gross domestic product.”
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Do you think there just might be a problem with an #economic system where #elon#musk becomes the richest person in the world?
Who has more #wealth than some countries? Who can single handly, on a whim, change how society functions for millions, destroy livelihoods?
Just maybe the way #government (s) manage the #economy should change?
Labor experts, historians and economists weigh in on why so many workers across all walks of life are striking or taking some sort of labor action this year. #labor#strikes#work#economy
Banks write off bad loans worth Rs 2.09 lakh crore in 2022-23: RBI
The RBI’s RTI reply to The Indian Express says that loan write-offs by banks rose to Rs 209,144 crore during the fiscal ended March 2023 as against Rs 174,966 crore a year ago in March 2022 and Rs 202,781 crore in March 2021.