Mounting evidence presages a change in China’s AI strategy. Ever since Premier Li Qiang proposed China’s “AI Plus” initiative in 2024, Beijing has generally treated AI as a normal technology and ...

Being early is the same as being wrong. It’s a Wall Street adage worth keeping in mind when evaluating extravagant claims about the potential economic impact of artificial intelligence. Caution is ...

Troubles seem to be coming to the eurozone economy not as single spies but in battalions. These troubles include an Iranian-induced energy price shock, an onslaught of Chinese exports in the form of ...

“In this world there are only two tragedies. One is not getting what one wants, and the other is getting it.” It’s a great Oscar Wilde line, one policymakers should always keep front of mind. Be ...

Seldom before have the stars aligned themselves as well for gold’s longer-run price outlook as they have today. It is not simply that the United States has unsustainable public finances, is losing ...

Using detailed revenue-cycle data, we characterize the timing of billing, claims adjudication, and insurer payments across major insurance types. We decompose payment delays into the portions ...

AI is evolving as a technology, as an industry, and as an instrument of national power. The early years of large language models were defined by a race to train ever-larger systems in centralized data ...

Europe is warming: ~0.5°C per decade since the 1980s. Figure 1 shows the continent’s annual count of days since 1950 with “strong heat stress” — a feels-like temperature of 32°C or higher. The trend ...

You can download a pdf copy of this report here. Note: Going forward, quarterly updates will be released of median and average first-time homebuyer age data. The ...

In 2026, according to the US Department of Agriculture’s (USDA) most recent estimates, US farmers and ranchers will receive about $55 billion in federal subsidies. A substantial share of these outlays ...

About fifteen years ago, I participated in some war games about the possibility of an attack on Iran, not unlike what now unfolds. I was on the Iran team. Our goal was to stymie the U.S. and Israeli ...