The true sign of inflation
Finally, it's happened! I decided to withdraw $100 from the ATM when I went for cash. The first time I ever received a $100 bill. The machine told me that twenty-dollar bills were available but they weren't default options.
Remember the days when $100 bills seemed like a lot of money? No one would have the change to pay for it.
It's now barely a grocery bag.
The new $20 is $100
Chamber of Commerce takes on the cost of living
Jordon Odo, an attorney, recently wrote on LinkedIn that 'Hawaii is experiencing a net migration every year since 2017'. This means that Hawaii residents are leaving the state in greater numbers than those from the U.S. mainland and other countries who come to Hawaii for a new life.
Not surprisingly, residents aged 25-34 are the largest group of outmigration. This group represents 13.2% of Hawaii’s population but is responsible for 23.9% outmigration.
Odo is a member of the Chamber of Commerce Hawaii Young Professionals team that wants to take action, beginning with a Cost of Living Summit in May. He wrote: 'We are convening over 100 young professionals, community leaders, and policymakers to work together on affordability issues.' We want to be part of the solution.
To register or for more information, visit bizj.us/1qiho9.
Billionaires battle over AI
Elon Musk believes we must stop AI before it becomes out of control. Bill Gates on the other hand, says we should not stop, as reported by Dailymail.
Gates told ABC News that he was "all scared" a bad person could get it. However, he stated the technology should be developed. He explained that if you only pause the good people and not everyone else, then you are probably doing yourself harm.
What is the problem with that argument?
Who are the good guys exactly? Bill Gates would probably disagree with me on the best people to trust.
I was also struck by this: "He said that the responsibility rests with consumers who must learn to distinguish between trusted sources and false information."
It's a bit of a problem, isn’t it? Remember my four questions when you're reading the media critically:
Who is saying this to me?
Which side are they on?
Why am I hearing it now?
What is it that they don't tell me?
The power of AI can be used by bad actors to make it difficult for a single consumer of news, to answer these questions. You may remember that I wrote recently about an AI falsely accusing professors of sexual harassment by citing an article from the Washington Post as 'proof.' This article didn't even exist. What will we do if AIs make outrageous claims and then litter the web with 'proofs' that they are 'true'?
You have our eyes
The technocratic need for social control is one of the things AI supercharges. Imagine what policymakers did in Covid but faster, more intrusive, and with less public input.
Paranoid? No. I'm looking at the summary of a market research report offered for sale to the investor class by the online clearinghouse researchandmarkets.com.
The title of the report is 'Social Credit Market By Physical and Cyber Infrastructure' (Sensors, Cameras, Biometrics, Computer Vision), by Software (Machine Learning, Data Analytics, APIs), by Use Cases, Applications, Industry Verticals, and Regionally 2021 -2026.
The summary states that "Social Credit Systems will become Adjunct Health Protection Solutions." This is the only report that assesses market opportunities to support the infrastructure of the social-credit market. The report assesses market drivers, application cases, and the consequential impacts and implications (anticipated as well as likely unanticipated), for the social credit market's implementation and operation. The URL was too long for me to make a shortened link, but you can find it at researchandmarkets.com.
The summary is:
Social credit systems are a way to grade behaviors and apply'social credit" scoring. The social credit system's objectives and metrics will determine the grading/scoring method.
This report lists 37 companies that are part and parcel of this brave, new world. You may be familiar with Amazon, Apple and Facebook. Some you might not; Knightscope, Netradyne, NEXT Biometrics.
They all seem to be aiming for your personal profit.