Oh dear Saturday morning Australia time and the greatest AI model yet was turned off at the behest of the US government. The story runs roughly like this. Someone at AWS (Amazon) reported to the USG that they had hacked the security controls of Fable (enabling it to penetrate IT systems or at least to

A matter of interest A reminder on the US legislative process (or for me, newly installed knowledge). A Sponsor comes up with an idea for a bill. Must be a sitting Senator or Representative. A Committee reviews the bill. They hold hearings and expert advice and then vote if it can proceed to a full

54-45 Nine votes is the smallest margin yet by which a new Federal Reserve Chair has been approved. Kevin Warsh it is. They don’t normally bother counting, it goes through on a ‘voice vote’ because normally there is consensus. Firstly, Jerome Powell. I liked him more in term two. He did actively stand up to

Remember when 1998 was not the same. The Bank of England had just been given independence in 1997, Tony Blair had just won his first landslide election and the first five years of “New Labour”, as they called themselves, were quite sensible. The Bank had one opportunity to demonstrate their credentials regarding inflation and they