Month: October 2021

Stagflation or Runaway Inflation? The U.S. Economy Is Experiencing Something New

About the author: Gregory Daco is the chief U.S. economist at Oxford Economics and former board director at the National Association of Business Economics.

It’s not runaway inflation, and it’s certainly not stagflation. In fact, what the U.S. economy is going through is a severe case of “M.E.S.S.I.” inflation dynamics: Moderating Expansion with Sticky Supply-driven Inflation.   

The U.S. is experiencing a rare phenomenon where strong, but cooling, demand is met by constrained, but accelerating, supply leading to transitory, yet sticky, inflation. These dynamics aren’t purely a reflection of supply constraints; nor are they only an indication of strong demand. Rather,

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The Secret Excavation of Jerusalem | History

A new book by journalist Andrew Lawler chronicles an illicit 1909–1911 excavation in Israel’s Holy City. Pictured here: a replica of the Ark of Covenant in front of an early 20th-century map of Jerusalem
Photo illustration by Meilan Solly / Photos: Public domain, Ben Schumin via Wikimedia Commons under CC BY-SA 2.5

In the annals of archaeology, it ranks as the most bizarre excavation team. Led by a handsome British aristocrat, its members included a Swiss psychic, a Finnish poet, an English cricket champion and a mustachioed Swede who once piloted a steamboat on the Congo River. None had any

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Trump Is Tearing Apart the Evangelical Church

The election of the elders of an evangelical church is usually an uncontroversial, even unifying event. But this summer, at an influential megachurch in Northern Virginia, something went badly wrong. A trio of elders didn’t receive 75 percent of the vote, the threshold necessary to be installed.

“A small group of people, inside and outside this church, coordinated a divisive effort to use disinformation in order to persuade others to vote these men down as part of a broader effort to take control of this church,” David Platt, a 43-year-old minister at McLean Bible Church and a best-selling author,

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This digital-hygiene routine will protect your scholarship

A few years ago, one of my mentors was surprised when he realized he shared a name with a porn star. He wrote to Google to request that queries under his name not turn up racy images. Another adviser had learnt that a former junior colleague had added his name to a conference submission without his knowledge, presumably to enhance its prestige, and my adviser found himself accused of undisclosed conflicts of interest.

Such stories are common across academia — and are as likely to arise from malpractice as from mix-ups. Scholars’ names, work or both are used by crooked

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‘Modern Drummer’ Introduces Neil Peart Spirit of Drumming Scholarship

Neil Peart photo: Mike Lawrie/Getty Images

The life and legacy of the late, much-loved drummer with Rush, Neil Peart, is to be celebrated by Modern Drummer’s new Spirit of Drumming Scholarship in his name.

The scholarship will offer an emerging drummer an extraordinary opportunity to expand and enhance their talent. It was first announced at the 2020 Modern Drummer Festival by Peart‘s widow, photographer Carrie Nutall-Peart, and will provide the recipient with 52 weeks of free drum lessons from world-class drum instructor Dom Famularo. The prize also includes a one-year subscription to Modern Drummer All Access and a

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Biden on the sidelines of ‘Striketober,’ with economy in the balance

WASHINGTON — As a wave of workers across the country take to picket lines, President Joe Biden is witnessing a resurgence in the labor movement he spent decades championing — at a time when it could hamper the economic recovery he is fighting to protect.

Biden has said that he supports the workers’ right to strike but that he is “not going to get into the negotiation,” and White House officials say he doesn’t plan to get involved in any of the labor disputes involving more than 100,000 workers across the country. Instead, he has taken the position that the

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The forgotten history of Republican book banning

An elephant. Illustrated | iStock

A conservative stock character is making a comeback: the book banner. For the past few years, Republicans have pretended they’re defending free speech and free inquiry in schools against censorious liberals with their safe spaces and trigger warnings. In reality, conservatives have a mile-long history of trying to suppress the teaching of books they find uncomfortable.

That record has resurfaced in the Virginia gubernatorial race, where Republican candidate Glenn Youngkin recently ran an ad in which a woman named Laura Murphy complained about not being able to dictate what was taught at her local high

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Artificial intelligence sheds light on how the brain processes language | MIT News

In the past few years, artificial intelligence models of language have become very good at certain tasks. Most notably, they excel at predicting the next word in a string of text; this technology helps search engines and texting apps predict the next word you are going to type.

The most recent generation of predictive language models also appears to learn something about the underlying meaning of language. These models can not only predict the word that comes next, but also perform tasks that seem to require some degree of genuine understanding, such as question answering, document summarization, and story completion. 

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Trump endorsed Herschel Walker, Max Miller and Sean Parnell. They’re now facing scrutiny over their pasts

None of these issues, which have been documented in interviews, court filings and police records, have dissuaded Trump.

“President Trump is proud to endorse patriots who love our country and will put America First, and he will not be dissuaded from supporting great candidates due to false smear campaigns by the Fake News media,” Trump spokesperson Liz Harrington said.

In Georgia, Trump has already appeared on the campaign trail alongside Walker, a former University of Georgia football player who has faced allegations of threatening multiple women.

“You know, Herschel is not only a Georgia hero, he is an American legend,”

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LSSB spends N309m on bursary, scholarship on 4,941 students

By Gabriel Dike

The executive secretary, Lagos State Scholarship Board (LSSB), Mr. Omotayo Fakolujo, says 4,941 students received N309,918,303.40 as bursary, local and foreign scholarship for the 2019/2020 academic session.

Fakolujo, flanked by the director, administration and human resources, Mr. Samuel Okedara, director, Scholarship Department, Mrs. Tinuola Idowu, and director,  Mr. Taiwo Ogunyoye, commended Governor Babajide Sanwo-Olu for his prompt release of funds to pay beneficiary students. 

He also disclosed that the board has proposed to the state government 100 per cent and 25 per cent review of payment of bursary and scholarship to students in the 2020/2021 academic session.

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