Taxing Beta, Exempting Alpha: A Benchmark-Based Inheritance Regime

This paper proposes a generational benchmark inheritance regime as a structural replacement for the federal estate tax. By distinguishing between systemic market returns (Beta) and active value creation (Alpha), the…

The future of Nebraska’s ‘blue dot’ electoral vote becomes an issue in one key midterm race

Cavanaugh defended his candidacy, telling NBC News that he expects Democrats to pick up more seats in the Legislature in November, which would expand their minority enough that one pickup…

Team USA defeats Japan in women’s curling

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Team USA defeats Japan in women’s curling 01:33 UP NEXT Team USA’s men’s…

Team USA’s men’s hockey defeats Denmark

IE 11 is not supported. For an optimal experience visit our site on another browser. Team USA defeats Japan in women’s curling 01:33 Now Playing Team USA’s men’s hockey defeats…

Anthropic CEO Dario Amodei explains his spending caution, warning if AI growth forecasts are off by just a year, ‘then you go bankrupt’

While AI hyperscalers are committing hundreds of billions of dollar per year on capital expenditures, Anthropic’s spending plans are more cautious by comparison. But cofounder and CEO Dario Amodei said…

Asia’s next generation, globally-educated and financially-literate, are taking control of their wealth

Wealth managers are increasingly letting the next generation of Asia’s wealthy “call the shots” in how to manage their money, amid an intergenerational wealth transfer that could shift as much…

AI is everywhere except in the data, suggesting it will enhance labor in some sectors rather than replace workers in all sectors, top economist says

Despite hopes for unlocking a new era soaring growth and abundance, AI has yet to manifest itself clearly in macro data, according to Apollo Chief Economic Torsten Slok. In a…

Romance scammers get victims to open home equity loans: research

Romance scammers are increasingly convincing Americans to take out lines of credit against their own houses — or stealing their homeowners’ personal information and taking out those loans directly, according…

Embedded LLM Launches the EU AI Grid at Munich Cyber Security Conference (MCSC) to Meet EU Demand for Sovereign AI Capability

About Embedded LLMEmbedded LLM is an AI infrastructure company with teams in Singapore, Taiwan, and Vilnius, Lithuania. The company is a leading contributor to vLLM, the world’s most widely deployed…

Urban slums: Stepping-stone for some and traps (or shields) for others

Urbanisation and industrialisation are widely viewed as hallmarks of economic development (Lewis 1954, Kuznets 1973). As countries grow, workers move out of low-productivity agriculture into manufacturing and services (activities that…