Archive for the ‘finance’ category: Page 10

Apr 29, 2020

San Francisco Food Banks Get a Surprise Delivery of $2 Million of Wagyu Steak

Posted by in categories: biotech/medical, finance, food

Idaho-based beef purveyor Snake River Farms is donating 35,000 10-ounce steaks to Bay Area food banks, with a total value of $2 million, the San Francisco Chronicle reports. It’s part of a larger initiative the company announced last week, which will send $8 million worth of its American wagyu to cities around the country to feed hospital workers, laid-off restaurant staff and other communities affected by the Covid-19 crisis. Snake River is relying on regional distribution partners in Los Angeles, Seattle, New York and San Francisco to help them get their donation to nonprofits.

With restaurants shut down, Snake River Farms is giving its premium beef a good home.

Apr 26, 2020

Publix is buying excess milk and produce from farmers — and donating it to food banks

Posted by in categories: biotech/medical, finance, food

👏🙌💪Farmers around the country have been forced to dump milk and waste fresh produce as schools, restaurants and other institutions remain closed due to the coronavirus pandemic. In response, Supermarket chain Publix launched a new initiative Wednesday to help struggling farmers — and get the food to Americans who need it most.


Farmers around the U.S. have been forced to dump milk and destroy produce as schools, restaurants and other institutions remain closed due to the coronavirus pandemic.

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Apr 25, 2020

US banks pull back from lending to European companies

Posted by in categories: biotech/medical, finance

US banks are pulling back from lending to European companies during the coronavirus pandemic, fuelling concerns that Wall Street may be quietly withdrawing to its home market in a repeat of the last financial crisis.

Bankers, advisers and company executives said American lenders had become more cautious in underwriting bilateral and syndicated loans to large corporate clients across the region in recent weeks. In Germany, JPMorgan recently pulled out of talks over an additional credit line for BASF, the world’s largest chemicals group, according to people involved in the transaction. Similarly, Bank of America lent half as much as the other six international banks that underwrote a €3bn state-backed loan to sportswear giant Adidas.

Goldman Sachs — which helped underwrite a €3.5bn syndicated loan for Italian-American carmaker Fiat Chrysler this month — did not take part in a similar €12bn facility for German rival and long-standing client Daimler, leaving other lenders to make up the difference.

Apr 20, 2020

Israeli researchers: Hackers aiming to exploit government financial aid

Posted by in categories: biotech/medical, business, cybercrime/malcode, economics, finance, government

#Hackers are seeking to exploit the roll-out of government financial relief plans to fill their own pockets at the expense of businesses and affected workers, Israeli cyber researchers have revealed.

Hackers are exploiting the rollout of governmental financial relief to fill their pockets at the expense of businesses and affected workers, according to Israeli cyber researchers.

In recent weeks, governments have sought to ease cash-flow shortages and avoid a recession with ambitious stimulus packages and grants to households, including a massive $2 trillion economic package in the United States.

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Apr 19, 2020

Frozen in time: You can be cryogenically preserved, but will you ever be revived?

Posted by in categories: biotech/medical, cryonics, finance, life extension

Why is Alcor in Arizona? The main reason is that the risk of earthquakes and other natural disasters is fairly low. People opting for cryonics expect that their bodies might be in stasis for timescales measured in centuries.

As far as financial matters go, many of Alcor’s clients use life insurance policies to cover the cost of preservation and maintenance ($200,000 for a whole body or $80,000 for just the head). People use trust funds if they have net worth they want to recover when revived in the future.

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Apr 19, 2020

How AI Is Expanding The Applications Of Robo Advisory

Posted by in categories: finance, information science, robotics/AI

For the last couple of years, Artificial Intelligence (AI) has been changing many fields and increasing efficiency by using improved datasets. One of those areas where AI has accelerated evolution is the robo-advisory, which is a field having extensive financial big data to analyze.

Robo-advisors are the systems that use algorithms to automatically perform investment decisions or tasks which are mostly done by human advisors. “Robo advisors are a potential solution to the complexities of financial decision making,” said Jill E. Fisch, a law professor at the University of Pennsylvania at a conference of Pension Research Council.

In the main scheme, robo-advisors are merging customers’ information such as their financial goals, risk tolerances, timeframes, with the right asset allocation that qualifies customer’s needs. While making this merge, they use many algorithms including machine learning models to create the best fit for the customer. In the process of timeframe, they take lots of actions as well such as rebalancing the portfolio or performing tax-loss harvesting. This automatically increases efficiency while taking decisions at the right time for the portfolio.

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Apr 17, 2020

About the Event 201 exercise

Posted by in categories: biotech/medical, business, economics, finance, government, health, policy, security

Talk being ahead of the curve;

Event 201 was a 3.5-hour pandemic tabletop exercise that simulated a series of dramatic, scenario-based facilitated discussions, confronting difficult, true-to-life dilemmas associated with response to a hypothetical, but scientifically plausible, pandemic. 15 global business, government, and public health leaders were players in the simulation exercise that highlighted unresolved real-world policy and economic issues that could be solved with sufficient political will, financial investment, and attention now and in the future.

The exercise consisted of pre-recorded news broadcasts, live “staff” briefings, and moderated discussions on specific topics. These issues were carefully designed in a compelling narrative that educated the participants and the audience.

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Apr 17, 2020

Preparing for a Dark Future: Biological Warfare in the 21st Century

Posted by in categories: biotech/medical, finance, government, health, military, neuroscience, policy

Of the spread of COVID-19 aboard the aircraft carrier USS Theodore Roosevelt and the subsequent relief of its Commanding Officer has highlighted the tension that exists between maintaining military readiness and the need to safeguard the health of members of the armed forces in the face of a pandemic.

The disease has been a feature of war for the vast majority of human history – from the plague that ravaged Athens early in the Peloponnesian War, killing the Athenian strategos Pericles; to the diseases that European settlers brought with them to the New World, devastating local populations; to the host of tropical diseases that caused appalling casualties in the China-Burma-India and Southwest Pacific theaters in World War II. The fact that we were surprised by the emergence, growth, and spread of COVID-19 reflects the false conceit of 21st century life that we have “conquered” disease.

In fact, pandemics are but one class of low-probability but high-impact contingencies that we could face in the coming years, including an earthquake or other natural disaster in a major urban area, regime change in an important state, and the collapse of financial markets leading to a global depression. When I served as Deputy Assistant Secretary of Defense for Policy Planning between 2006 and 2009, we explored a series of such “shocks” as well as the role the Defense Department could play in responding to them as a way of helping the Department’s leaders address such contingencies. During my time in the Pentagon, we also held a series of wargames with members of Congress and their staff, governors of several states and their cabinets, and the government of Mexico, to explore in depth the consequences of a pandemic. Much of what we found then resonates with what we are experiencing now.

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Apr 16, 2020

Kebotix raises $11.5 million to automate lab experiments with AI and robotics

Posted by in categories: finance, robotics/AI

Kebotix, which is developing a lab automation platform that leverages AI and robotics, has raised $11.5 million in venture capital.

Apr 16, 2020

Money Is Losing Its Meaning

Posted by in categories: biotech/medical, economics, finance, government

Doing “whatever it takes” to save the global economy from the coronavirus pandemic is going to cost a lot of money. The U.S. government alone is spending a few trillion dollars, and the Federal Reserve is creating another few trillion dollars to keep the financial system from collapsing. A custom Bloomberg index measuring M2 figures for 12 major economies including the U.S., China, euro zone and Japan shows their aggregate money supply had already more than doubled to $80 trillion from before the 2008–2009 financial crisis.

These numbers are so large that they no longer have any meaning; they are simply abstractions. It’s been some time since people thought about the concept of money and its purpose. The broad idea is that money has value, but that value is not arbitrary. Former Fed Chairman Paul Volcker once said in an interview that “it is a governmental responsibility to maintain the value of the currency they issue. And when they fail to do that, it is something that undermines an essential trust in government.”

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