When the Federal Trade Commission and 17 states sued Amazon last month in a landmark antitrust case, Lina Khan, chair of the FTC, described it as a “cutting-edge” lawsuit that captures “state-of-the-art thinking” about modern monopolies in the tech industry.
Social Security benefits pump a large chunk of change into the US economy – with about $1.4 trillion going to more than 67 million Americans last year alone.
Climate change-fueled wildfires are costing the US economy between $394 billion to $893 billion annually, a new congressional report suggests – a shocking figure that is more than double what previous government reports have estimated.
Anton Korinek, an economics professor at the University of Virginia, tells the students he advises nowadays that they should really begin to master a flourishing technology expected to transform the field of economics. That technology is generative artificial intelligence, or “genAI” for short.