Secretary of the Treasury Steven Mnuchin says the U.S. government is willing to accept penalties if they don't fulfill their commitments to the U.S.-China trade deal, reports Bloomberg.
Details: At an International Monetary Fund meeting in Washington, D.C., Mnuchin said both countries have commitments they are working to honor, and both should face consequences if they don't uphold their respective ends of the bargain, per Bloomberg. The U.S. and China are currently in talks about the possibility of holding more in-person meetings and Mnuchin has said progress is being made to put an end to the 9-month trade and tariff war.
AI and robots are capable of both decimating and improving human work. By and large, they're doing the former. That’s in part because AI researchers are mostly creating systems that leapfrog human abilities, rather than do what humans cannot.
The big picture: By changing incentives that currently encourage the development of technologies that compete with people, experts hope to redirect the future of work away from widespread automation-fueled job loss.
Details: Moonves had $47 million in CBS stock before the allegations of misconduct hit, according to Variety. He was paid $4.6 million in 2018, which includes his salary, a retirement pension and part of his 2017 bonus.
While Big Tech is increasingly on board with helping Americans emulate the rest of the world on cashless payments, there's a growing backlash at home against stores that don't take cash.
What's happening: The push against cashless is reaching companies.
In 1869, at Harvard, Charles Eliot invented the college major as we know it — each student would be channeled into a specialized area of study, and move on to a stable, lifelong job.
The big picture: A century and a half later,American colleges pump out some 4.5 million new bachelor's degrees every year, but the context — the present and future of work — has changed entirely.
We now know what Disney's highly anticipated family streaming service, Disney+, will look like. On Thursday, executives touted an array of new and old programming that will be available exclusively on the app, as well as its plans to launch the service.
Bottom line: Disney is banking on its streaming plans to compete with tech giants like Netflix and Amazon for the world's attention and entertainment budgets.
