New EU AI Regulations Forbid Personal Ratings and Predictive Policing – Is the U.S. Next?

The European Parliament has introduced new standards for AI development throughout the EU, bypassing the AI Act. As the first piece of legislation to address AI, this act bans specific AI uses, establishes transparency rules, and requires risk assessments for high-risk systems.  The AI Act The European Parliament has officially passed its first piece of […]

Inflation Woes Keep Federal Reserve from Reducing Interest Rates in 2024

At the start of 2024, the U.S. grappled with economic expansion and strong job growth but unexpectedly high inflation. This economic challenge is hurting the Federal Reserve’s target of a 2% inflation rate and leaving it with few options. 2024’s Economic Start The United States’ economic conditions at the start of 2024 initially showed signs […]

Oil Industry Reaches 13 Million Barrels Daily Despite Green Energy Efforts

In 2023, the United States led the world in oil production for the sixth consecutive year despite promises from the Biden administration for a transition towards greener energy sources. Six Years Running The U.S. Energy Information Administration (EIA) has recently confirmed that the United States was the world’s leading oil producer for the sixth consecutive […]

EU Outlaws Personal Ratings and Predictive Policing in New AI Regulations – Will the U.S. Do the Same?

The European Parliament has introduced new standards for AI development throughout the EU, bypassing the AI Act. As the first piece of legislation to address AI, this act bans specific AI uses, establishes transparency rules, and requires risk assessments for high-risk systems.  The AI Act The European Parliament has officially passed its first piece of […]