Weekend Reads: Is Artificial Intelligence Biased?

Today’s infographic from explains the major differences between NYSE and the Nasdaq

What is the Difference Between the NYSE and Nasdaq? – (Visual Capitalist)

 

How it works: The client buys a private-placement life-insurance policy. The insurance company invests in alternative assets such as hedge funds. Profits, if any, would ordinarily be taxed as capital gains, but because it involves an insurance company, which must abide by certain restrictions, the money can grow tax-free. Beneficiaries get their money when the insured person dies. For products structured correctly, there aren’t any levies on death benefits.

Insurance Is the Hot New Way to Avoid Taxes – (Bloomberg)

 

Chicago’s futures brainchild has become very New Yorkitized… with Wall Street product being created over and over again to get a foothold in the space.

Is Managed Futures Now Mainstream? – (RCM’s Attain Alternatives Blog)

 

Brand walked away from his career in the futures market March 9, 2016, to buy O’Brien’s Pub. He shut down the modest tavern Oct. 30 with grand plans for a brewery that later evolved to include a restaurant.

Open Outcry Brewing Co. Nearly Ready For Western Avenue Debut – (DNA Info)

 

the Loonie has rallied 6.50% even in the face of a collapsing oil price and increased worries about the popping of the Canadian real estate bubble.

Loonie Bulls – Sold to You —  (Macro The Tourist)

 

But an increasing body of research and criticism suggests that algorithms and artificial intelligence aren’t necessarily a panacea for ending prejudice, and they can have disproportionate impacts on groups that are already socially disadvantaged, particularly people of color. Instead of offering a workaround for human biases, the tools we designed to help us predict the future may be dooming us to repeat the past by replicating and even amplifying societal inequalities that already exist.

Technology Is Biased Too. How Do We Fix It? – (FiveThirtyEight)

 

The e-commerce giant plans to double in size, making room for up to 400 workers downtown.

Amazon will double its office staff and space in Chicago – (Crain’s Business)

 

For example, in Cook County, 54.5 percent of jobs are at risk of being lost to automation, and 28.7 percent to offshoring, while in Alexander County at the southern tip of the state — among several counties along the Ohio River substantially reliant on factories — 62 percent of jobs risk being replaced by automation and 26.9 percent lost to offshoring.

More than half of Cook County jobs could be lost to automation, study finds – (Chicago Tribune)

 

The sharp division between red and blue America is another modern-day manifestation of growing social volatility due to wealth disparity, worse than at any time since the Great Depression.

Managed Futures: If Not Now, When? – (Seeking Alpha)

 

Still, the available evidence suggests that low volatility is no enemy of managed futures. Maybe trading advisers — and everyone else for that matter — should stop carping about low volatility and start enjoying the quiet. They’ll miss it when it’s gone.

Pipe Down and Enjoy the Calm – (Bloomberg)

 

But the huge scale of new cash inflows into alternatives in recent years has also driven up valuations across these illiquid assets and raised concerns that investors may be disappointed by future returns that are widely expected to be lower than those achieved historically.

Global shift into alternative assets gathers pace – (FT)

 

The sought-after millennial demographic—those born between 1980 and the early 2000s—is frequently cited by corporate executives as they scramble to understand the generation’s likes and dislikes. The Journal reviewed a year’s worth of company transcripts to see what CEOs say they have discovered.

Millennials, as Seen by Corporate America – (Wall Street Journal)

 

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