Chart 8: Google ex-FX Y/Y growth trends 30% 25% 24%p9y% 24% 22% 20% 15% 10% 5% 0% 2Q17E 3Q17E 4Q17E @ Total Google Revenue Y/Y (ex-FX) m= Google Website Y/Y (ex-FX) Source: Company reports, BofA Merrill Lynch Global Research For core margins, we assume y/y contraction thro...
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How the Best Universities Inadvertently Ruin Our Schools 193 status. Teaching future professors in one’s own field helps maintain that status, so graduate students pursuing Ph.D.s are quite often taken very seriously. Teaching graduate seminars is intellectually stimulat- ing, m...
JAN 01.27.2017 ECONOMICS: US PERSPECTIVES NATIONAL DEFENSE: IS ANOTHER SPENDING BOOM ON THE HORIZON? + Joseph G. Carson, US Economist and Director—Global Economic Research, [email protected] President Trump has promised to increase defense spending—and there’s support from...
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Calibrating the Al-Risk Message While uncannily prescient, the AI-risk message from the original dissidents has a giant flaw—as does the version dominating current public discourse: Both considerably understate the magnitude of the problem as well as AI’s potential upside. The m...
might alter its motion when carrying something heavy, to emphasize the difficulty it has in maneuvering heavy objects. The more that people know about the robot, the easier it is to coordinate with it. Achieving action compatibility will require robots to anticipate human action...
reasoning without having to hire a programmer for each problem. Wiener recognized the role of feedback in machine learning, but he missed the key role of representation. It’s not possible to store all possible images in a self-driving car, or all possible sounds in a conversation...
August 4, 2011 Today This is a little unorthodox, but here is the text of an internal note that I just sent to our integrated Private Bank client coverage teams a few moments ago. Mary thought it would be a good idea to share this with our clients given the events of the day. “H...
welcome-to-kink-research. html In 2012, Bitch Magazine ran a series called "Thinking Kink" by Catherine Scott, which examines S&M and culture from a feminist perspective: http://www.allthatchas.blogspot.co.uk/2012/08/all-of-my-thinking-kink-posts-for- bitch. html In Person If...
Why Invest in Indexes? The last section showed that index funds offer easy trackability over market hours. What are the other pros and cons? On sound microeconomic principle, professional asset management will add value over index results before deduction of fees. Otherwise th...
misbehavior” that defies simple analysis. You can’t predict where you might be attacked by merely looking at the possible holes in each piece. Rather, it’s the whole system that breeds risks. It acts in ways that the designer could not have predicted in advance. “Clearly the syst...
Chart 42: How do you view SNV’s partnerships with online lenders (SoFi/GreenSky)? 70% 60% 50% 40% 30% 20% 10% 0% Positively. Creates another Cautiously. Unsure how these Indifferent. The exposure is avenue for loan growth loans will perform duringa —_ relatively small so does n...
Unauthorized redistribution of this report is prohibited. This report is intended for [email protected] Japan Macro Watch USD/JPY: Buy-on-dip cycle to continue; 115- 120 by end-2017 Buy-on-dip cycle continues While we had acknowledged the risk of the “final JPY strength” th...
Best Directional Trades David Woo Shyam S.Rajan MLPF&S MLPF&S [email protected] [email protected] Jane Brauer lan Gordon MLPF&S MLPF&S [email protected] [email protected] Stay hungry, stay bearish (not foolish) For the year ahead, we recommend being bearish 5y US rate...
demand. Our US economics team expects the stimulus to boost growth in H2 CY17 and likely CY18. Japan should be a big winner from stronger US growth, given its high exposure to the US economy in terms of exports and corporate profits (Chart 22 and Chart 23). On the negative side,...