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Too much efficiency makes everything worse: overfitting and the strong version of Goodharts law
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WorkCan a Vice-Presidential Debate Shift the Polls? History Shows It's Unlikely.Vice-presidential debates have shifted voters’ opinions of running mates in the past, so Tuesday’s debate may give Americans a firmer grasp on how they feel about Mr. Walz and Mr. Vance. But even if we come away with memorable zingers or memeable insects, if history is any guide, it’s unlikely that the debate will have a profound influence on voters’ preferences for president. Work
WorkWhat Tim Walz's Time in Minnesota Says About How He GovernsDrawing attention to his experience as a public school geography teacher and football coach, Mr. Walz presented himself as a unifying leader in a polarizing time. His campaign motto was “One Minnesota.” His running mate, Lt. Gov. Peggy Flanagan, made history as the highest-ranking Native American elected official in the state. They won by more than 11 percentage points. WorkTrump's Consistent Message Online and Onstage: Be Afraid“Isn’t this a wonderful and inspiring speech?” Mr. Trump said facetiously, as the crowd chuckled. “I got people sitting in the front row, they’re going, ‘Oh my God.’ They thought they’d be out there jumping up and down. ‘Make America great again.’ We’re going to do that. Don’t worry, we haven’t gotten to that part yet. I’m just saying. This is a dark — this is a dark speech.”
WorkBuy Costco and American Express stock as inflation cools, analyst saysSM: Absolutely. Is the valuation quite rich? A hundred percent. We are constantly asking ourselves as a team: What is this really worth, and is the market arriving at this particular price? But in terms of just the fundamentals and how well the business is run, it is something we are excited to own. Work
WorkWorkCostco's CEO on how the big U.S. port strike could impact holiday shoppingLike other companies, Costco depends on West Coast and Gulf Coast cargo facilities for distribution. However, the situation surrounding the port strike escalated after the International Longshoremen’s Association (ILA) rejected a contract offer from the United States Maritime Alliance (USMX), citing inadequate wages and protections.
WorkExtreme Weather Is Taxing Utilities More Often. Can A.I. Help?Extreme weather has increasingly strained the grid, and it is the No. 1 cause of major power outages in the United States. In some areas of the country, the risk of hurricane-induced power outages could become 50 percent higher in the coming decades as such storms get stronger. Work
WorkWorkAt Least 6 Killed and Several Injured in Tel Aviv ShootingThe shooting occurred on Jerusalem Boulevard, a major tree-lined thoroughfare and important public transportation route in the city’s Jaffa neighborhood. Israel’s emergency service, Magen David Adom, said it was treating the injured.
WorkMexico's First Female President Takes OfficeThe leftist former mayor of Mexico City, Ms. Sheinbaum triumphed in June elections with the largest margin of victory since Mexico transitioned to democracy and a sweeping mandate to follow through on her promise to continue the social policies of her predecessor and political mentor, Andrés Manuel López Obrador. WorkIran Attacked Israel With Waves of MissilesThe region is now on edge, waiting for Israel’s next step. Israeli officials said the country would respond in a way and at a time of its choosing, and Iran said it would fire more missiles if Israel counterattacked. American officials said the U.S. would help defend Israel and warned that a direct attack would “carry severe consequences.” WorkWorkWorkThreads will show how many followers you have in the fediverseElsewhere, third-party developers are also making it easier for users who want to post on multiple decentralized services. A new app called Croissant enables cross-posting to Threads, Mastodon and Bluesky all at once. The paid app, first spotted by TechCrunch, aims to replicate the functionality of enterprise social media management apps like Buffer. WorkWorkMicrosoft's Copilot AI gets a voice and the ability to see websites you browseAs with practically any AI product these days, Microsoft is also staggering the release of these Copilot features. Copilot Voice and Daily launch today, but Voice will only be available in English in the US, Canada, Australia, the UK and New Zealand. Copilot Daily, meanwhile, only works in the US and UK for now. Copilot Vision will head to Labs over the coming days for a "limited number" of Copilot Pro subscribers, while Think Deeper is available for Pro users in the US, Canada, Australia and New Zealand. WorkIsrael vows to retaliate after Iran launches unprecedented missile attackNasrallah’s death followed two weeks of strikes that began with the explosion of pagers and walkie-talkies belonging to Hezbollah members that killed dozens of people and injured thousands more. Israel has since continued to pound Beirut and has also launched strikes on Yemen and Syria, saying it was launching attacks against Iranian-backed militias across the Middle East. WorkIndian police investigate ticket resales for Coldplay Mumbai gigsThe issue of ticket scalping and unauthorised reselling for inflated prices has become a major problem for the music industry globally. Fans in the UK were recently outraged when tickets for the upcoming Oasis reunion sold out in minutes and then reappeared on secondary sites for thousands of pounds, prompting an inquiry by a regulator. WorkWorkMotorway's Harry Jones on why he co-founded five startups with the same team“We’re still a fairly small market share in terms of overall car transactions in the U.K.,” Jones said. “There’s a lot of headroom there, is the first point. The second thing is, I don’t feel like we’ve fully built the whole end-to-end experience yet for Motorway. For us, it’s really important we stay laser focused on doing that before we go outside of the kind of U.K. borders.” WorkWorkWorkWorkWorkNuma raises $32M to bring AI and automation to car dealerships | TechCrunchTouring Capital and Mitsui, a Japanese conglomerate that’s one of the largest shareholders in automaker Penske, led Numa’s Series B round. Costanoa Ventures, Threshold Ventures, and Gradient, Google’s AI-focused venture fund, also participated in the round. The funding brings Oakland-based Numa’s total raised to $48 million. WorkWorkWhy do Black Americans get more aggressive cancers?“We treat patients, we treat their tumor, and then we send them right back into the environment, which we’re saying is causing their cancer, but then we don’t give them any additional information,” she said. “If it truly is that exposure that’s driving the cancer, we need to then work with our communities to be more informed, and then drive policies around that.” WorkWorkWorkWhen an Ohioan Debates a Minnesotan, the Midwest Takes Center StageMr. Lauck expects that Mr. Vance could speak to one narrative of the Midwest that is “more Michigan and Ohio centered, a little more affected by the unwinding of the old industrial order,” he said, connecting with voters in cities like Detroit and Flint, Mich., that were hollowed out during the decline of the auto industry. WorkWorkInside a Trump Ad Slamming Harris Over the Push for Electric VehiclesMs. Harris does not want to “end all gas-powered cars,” and the ad wildly overstates the goals of the Biden administration’s initiatives on electric vehicles. In 2021, President Biden announced a goal of having 50 percent of all new vehicles sold be electric powered by 2030. Electric vehicles now account for less than 10 percent of all new cars sold. WorkWorkThe Ghosts of Vice-Presidential Debates PastThis set the gold standard for vice-presidential debate moments. Mr. Bentsen was the Democratic running mate of Gov. Michael S. Dukakis of Massachusetts, and Mr. Quayle was the Republican vice-presidential candidate for Vice President George H.W. Bush. WorkOhio Reaps Benefits From a Climate Law JD Vance Repeatedly AttacksAmong the companies benefiting is the steel manufacturer Cleveland-Cliffs, whose facility in Middletown was awarded a grant of up to $500 million from the Energy Department. The grant is intended to help the company upgrade its steel mill so that it can use cleaner fuels like hydrogen or natural gas instead of coke derived from coal. The project is expected to create about 170 permanent jobs and up to 1,200 temporary union construction jobs. WorkBiden to Sign Bill Allowing Chip Projects to Skirt Key Environmental ReviewDemocrats who oppose the bill, however, say it would allow companies to skirt an important step aimed at reducing potential harms to the environment and workers. They argue that taxpayer-funded projects should be subject to a more holistic federal environmental review process, which would allow for more transparency and community input. WorkWhat to Know About JD Vance and Project 2025Project 2025 was spearheaded by the Heritage Foundation, a conservative think tank, and created as a blueprint for the next Republican president, though Mr. Trump has his own platform called Agenda 47. But many of his allies and former officials from his administration helped author Project 2025, and there is considerable overlap between its proposals and Mr. Trump’s plans for a second term. WorkWhat to Watch For in Tuesday's Vance-Walz DebateThe debate will be Mr. Walz’s best opportunity to show that side of him beyond scripted moments on the Democratic convention stage and carefully edited campaign videos, like one of him taking viewers under the hood of his 1979 International Harvester Scout. WorkNorth Carolina Officials Begin Post-Helene Election PlanningIn 2018, after Hurricane Florence ravaged 28 counties along the North Carolina coast, the state extended the voter registration deadline and spent $400,000 for a campaign to locate displaced voters and educate other residents about voting options. WorkWorkWorkNike reports stock dip, announces it's pushing back investor dayFinancial firm Jefferies (JEF) raised Nike’s price target from $80 to $85 due to optimism about the leadership change but noted significant affects may not be seen until fiscal 2026. The firm also noted that while direct-to-consumer (DTC) sales have boosted profits and brand control, cutting traditional retail partnerships may have limited consumer engagement following Donahoe’s decision to significantly reduce DTC collaborations with retailers such as Foot Locker (FL) and Macy’s. WorkWork TradeBriefs Publications are read by over 100,000 Industry Executives About Us | Advertise | Privacy PolicyUnsubscribe (one-click) You are receiving this mail because of your subscription with TradeBriefs.
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