SAN FRANCISCO (AP) – Hundreds of economists say in an open letter that institutions “must act now” to address how artificial intelligence could transform the economy and could put many people out of work.
WASHINGTON (AP) – Judge says Trump lawsuit against IRS was filed for ‘improper purpose’ and refers attorneys for disciplinary action. The ruling from U.S. District Judge Kathleen Williams amounts to a stinging rebuke of the Republican president’s lawsuit, characterizing it as an exercise in self-dealing in which he sued an entity that is effectively under his control.
WASHINGTON (AP) – American consumers – and the Federal Reserve – are being hit with another high-cost headache. The gusher of investment in data centers – likely topping $700 billion this year – to power artificial intelligence has made memory chips, computer processors and other equipment, as well as electricity, more expensive.
U.S. President Donald Trump said Monday that Iranian ships will no longer be able to travel through the Strait of Hormuz and America would charge a 20% toll on other countries’ eligible cargo, escalating tensions after weekend of attacks by both nations to assert control of the critical waterway.
Excerpts from recent editorials in the United States and abroad:
WASHINGTON (AP) – Trump says US is ‘reinstating’ a blockade on Iran in the Strait of Hormuz and will charge ships for safe passage. U.S. President Donald Trump said Monday that Iranian ships will no longer be able to travel through the Strait of Hormuz and America would charge a 20% toll on other countries’ eligible cargo.
Dangerous. Brazen. Unprecedented. Uncharted territory. Reaction in the media world has been swift and severe to the issue of subpoenas to five New York Times journalists who reported on security questions involving the new, Qatari-gifted Air Force One.
MONTREAL (AP) – Canadian fashion mogul Peter Nygard pleaded guilty Monday to sexual assault and forcible confinement in Quebec, the latest conviction in the downfall of the founder of the once-global Nygard International clothing company. Nygard also faces U.S. racketeering and sex trafficking charges.
WASHINGTON (AP) – The Trump administration is taking additional steps to prevent people living in the U.S. illegally from using the nation’s banking system, cracking down on financial institutions that are lending money to them.
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