26 April 2023

Amazing.  Longtime Portlander Jeanne Shioshi, who experienced forced relocation to prison camp during WWII, turns 100.  Great genes - her mother lived to 113.  Wow!  And listen to her — she's quite mentally intact, unlike....."uh,....anyway".

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Glossed over.  Oregon's unemployment is the 4th worst in the nation — just behind Washington, D.C. and Nevada.  Nevada's problem is that they overpaid coronavirus unemployment benefits, and so people had no incentive to look for work.  What's Oregon's excuse?
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A.I. will feature a de-aged Indiana Jones in the upcoming Dial of Destiny movie.  Special effects will never be the same with image manipulation algorithms. 
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Intel is about to post its biggest loss.   It's a different world now.  The world needs for more GPUs for A.I. development and blockchain calculations, and the demand for CPUs has decreased and companies like nVidia are soaring.
 
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This is not goodFirst Republic Bank may fail after all the bailout options it has had access to.  And if it fails, it has only itself to blame - what an irresponsible thing for a bank to do.  But what does its demise mean for other banks in similar circumstances and for trust in the fractional reserve banking system?  The Fed can't do much this time, compared with 2008, because of inflation concerns, and cutting spending is critical.  (We could use that cash that we sent to Ukraine.)  In some sense, money in bank accounts are safe, since everything is insured now.  But should there be bank runs, there may be a bit of a delay before you can get access to it.  James Rickards of The Daily Reckoning is also feels that Treasury's trust in the dollar as reserve currency will lead to disaster.  Both the Fed and Treasury are not healthy enough to rescue us from any major crisis like 2008 that may befall us.

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Not just doctors and nurses.  Veterinarians are burning out.  Misery, everywhere you look, it seems.

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