Morgan Stanley | sesearcs NORTH AMERICA INSIGHT ~~ Appendix C: Notable Alt Reports: In Case You Missed Them™% Asset Managers & Brokers: 4Q17 Preview: Buy CG and ETFC into the Print (12 Jan 2018) Raising Est on Tax Cuts & Strong Mkts, Upgrading APO and ETFC to Overweight (3 Jan...
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article) and make them come alive for their clientele. Opportunity And | use the word clientele to make a final point: innovation in the MOOC world will not just come from educators, but from any organization that sees the value of massive online and offline courseware. As my ow...
It would be nice to test from such a dataset, again starting from (4.6), to see if free growth theory holds again. Who knows? Meanwhile, | think, the case is closed. All growth at very large scales is free until proved otherwise. Where Does Opinion Stand Now? What should we ma...
It follows that if real GDP is understated, then what appears to be a slow recovery is not as slow as reported and what appears to be a period of low productivity growth is not as low as reported. We believe that the evidence favors the mismeasurement argument. At a September 20...
You can show this in children’s everyday learning, too. Young children rapidly learn abstract intuitive theories of biology, physics, and psychology in much the way adult scientists do, even with relatively little data. The remarkable machine-learning accomplishments of the rece...
powerful room-cleaning robot was a Roomba, which moved around vacuuming at random and squeaked when it got caught under the couch. Technological prediction is particularly chancy, given that technologies progress by a series of refinements, halted by obstacles and overcome by in...
8. INDUSTRY OVERVIEW 8.1. Human Capital Historically, the world economy has been viewed as being driven by an asset base of natural resources. This has shifted to an economy driven by industrial and financial resources. This perception is reinforced through the statistics and m...
There is no question that the shift to value-based reimbursement models will have a major impact on the economics of healthcare. Payers will be looking for ways to significantly reduce costs in all areas where a range of viable lower cost solutions are available, and will force p...
(As a parenthesis, I’d note one policy context when an essentially zero discount rate is applied — radioactive waste disposal, where the depositories are required to prevent leakage for 10000 years — somewhat ironic when we can’t plan the rest of energy policy even 30 years ahead...
capabilities emerge from regular physical processses, which we can trace down to the level of electrons, photons, quarks, and gluons. Evidently, brute matter can get pretty smart. Let me summarize the argument. From two strongly supported hypotheses, we’ve drawn a straightforwar...
effective foreign policy or politics or economics can’t be improvised, the speed of the networks now outstrips the velocity of our decisions — even as citizens expect reactions at the ever-faster pace of their own connection. Think about the speed with which answers are expected...
power operates as much through light pulses running through fiber optic webs as it does in any physical sense. Think of the most influential geopolitical forces. The most lethal militaries. The greatest new commercial or financial efforts. All now depend on and are nearly defined...
sensation alive to the pull of constant, instant connection. This Seventh Sense reacts to what none of our other senses can notice, to the subtle undercurrents of a networked age. That moment of first connection you once had - to a computer, a friend, a fast-moving financial prod...
18.4 SelfModification via Theorem-Proving 323 where the Pi are predicates, and the Ni are schemata corresponding to other nodes of the decision graph (children of the current node). Often the Pi are very simple, implementing for instance numerical inequalities or Boolean equalit...
methods he and others developed for the control of missiles, for example, were later put to work in building the Saturn V moon rocket, one of the crowning engineering achievements of the 20th century. In particular, Wiener’s applications of cybernetic concepts to the brain and to...