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Matt Levine’s Money Stuff: Neural Networks and Suspicious Edge
published Mar 28th 2017, 8:28 am, by Matt Levine (Bloomberg View) — Neural networks Consider a quant searching for factors that might push a stock over a benchmark index. Today an analyst has to manually select factors like price-earnings ratios to test. A quant using deep learning gives the neural
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Treasuries Higher as Expectations for Fiscal Stimulus Fade
published Mar 27th 2017, 11:16 am, by Elizabeth Stanton (Bloomberg) — Treasuries rose Monday, extending last week’s gains, amid rising doubt that the Trump administration will be able to deliver on initiatives including tax cuts after failing to win House approval for health-care reform. Yields were lower by two to
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Supreme Court Weighs Possible Curb on Patent Suit Locations
published Mar 27th 2017, 12:45 pm, by Susan Decker (Bloomberg) — The U.S. Supreme Court grappled over whether to upend a quarter-century of practice and limit where patent-infringement lawsuits can be filed. The justices Monday heard arguments in a case involving water flavoring containers that could end the reign of
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Scientists Gear Up for a Battle Against Fake News: Faye Flam
published Mar 27th 2017, 2:00 pm, by Faye Flam (Bloomberg View) — People aren’t getting dumber, despite what a prolific writer of fake news told the Washington Post last fall, but something funny is going on with American media. There’s been an apparent surge in fabricated stories, while the president
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Trump to Begin Reversing Obama-Era Cutbacks in Carbon Dioxide
published Mar 26th 2017, 10:14 am, by Jennifer A. Dlouhy (Bloomberg) — The Trump administration will issue an executive order on Tuesday that begins dismantling a rule under former President Barack Obama that slashed carbon dioxide emissions and discouraged coal-fired electricity, U.S. environmental chief Scott Pruitt said. “The executive order
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Free Speech in Europe Isn’t What Americans Think: Noah Feldman
published Mar 19th 2017, 9:33 am, by Noah Feldman On free speech, the U.S. and Europe have also gone different ways. The German minister of justice threatened Facebook, Twitter and Alphabet Inc.’s Google search back in December, telling them they needed to move faster and better to remove hateful posts
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Real Estate Costs in Megacities Can’t Go Up Forever: Tyler Cowen
published Mar 23rd 2017, 7:00 am, by Tyler Cowen (Bloomberg View) — As rents and home prices in the most productive megacities continue to climb, the obvious question is whether this is sustainable. Will New York, San Francisco and London become unstoppable juggernauts, soaking up more talent and becoming more
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Dollar Struggles to Rise Amid Uncertain Fate of Health-Care Bill
published Mar 23rd 2017, 3:20 pm, by Dennis Pettit (Bloomberg) — The dollar swung between gains and losses as investors monitored the prospects of the Republican health-care reform bill. The day’s modest foreign-exchange trading flows were mostly driven by fast-money accounts, traders said, with the busiest price action in the
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Mexico’s Top Diplomat Says Nation Can Survive End of Nafta
published Mar 23rd 2017, 5:27 pm, by Eric Martin and Erik Schatzker (Bloomberg) — Mexico is prepared for the end of the North American Free Trade Agreement if it can’t reach a deal with the U.S. and Canada that’s a win for all three nations, the country’s top diplomat said.
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Our World’s Fragile Cities Need a $78 Trillion Boost
published Mar 23rd 2017, 4:00 pm, by Jeanette Rodrigues (Bloomberg) — More people are living in urban areas than rural, making cities the world’s modern battlegrounds. The urban population is seen rising to 70 percent by 2050 from 55 percent in 2016, and its share of gross domestic product will