Businesses

Unemployed Office Workers Are Having a Harder Time Finding New Jobs (msn.com) 232

More than 1.6 million Americans have been jobless for at least six months, up 50% since late 2022, despite the economy adding over two million jobs last year, Labor Department data shows.

The average job search now takes six months, primarily affecting high-paying sectors like tech, law, and media. While the 4.2% unemployment rate remains below pre-pandemic averages, job postings have dropped to one per unemployed worker from two in early 2022.

Software development, data science, and marketing roles are 20% below pre-pandemic levels, while healthcare and government sectors account for half of recent job creation. The number of Americans receiving unemployment benefits reached 1.8 million in late December, approaching post-pandemic highs, as wage growth declined to 4% from 6% during the early 2020s hiring peak.
News

Babies and the Macroeconomy 148

Abstract of a paper [PDF] published on National Bureau of Economic Research: Fertility levels have greatly decreased in virtually every nation in the world, but the timing of the decline has differed even among developed countries. In Europe, Asia, and North America, total fertility rates of some nations dipped below the magic replacement figure of 2.1 as early as the 1970s. But in other nations, fertility rates remained substantial until the 1990s but plummeted subsequently.

This paper addresses why some countries in Europe and Asia with moderate fertility levels in 1980s, have become the "lowest-low" nations today (total fertility rates of less than 1.3), whereas those that decreased earlier have not. Also addressed is why the crossover point for the two groups of nations was around the 1980s and 1990s. An important factor that distinguishes the two groups is their economic growth in the 1960s and 1970s. Countries with "lowest low" fertility rates today experienced rapid growth in GNP per capita after a long period of stagnation or decline. They were catapulted into modernity, but the beliefs, values, and traditions of their citizens changed more slowly. Thus, swift economic change may lead to both generational and gendered conflicts that result in a rapid decrease in the total fertility rate.
EU

Germany Joins EU's 'Ultra-Low' Fertility Club 175

Three more EU member states -- including the most populous, Germany -- have joined the list of countries with "ultra-low" fertility rates [non-paywalled source], highlighting the extent of the region's demographic challenges. Financial Times: Official statistics show Germany's birth rate fell to 1.35 children per woman in 2023, below the UN's "ultra-low" threshold of 1.4 -- characterising a scenario where falling birth rates become tough to reverse.

Estonia and Austria also passed under the 1.4 threshold, joining the nine EU countries -- including Spain, Greece and Italy -- that in 2022 had fertility rates below 1.4 children per woman. The fall in birth rates partially reflects the "postponement of parenthood until the 30s," which involves a "higher likelihood that you will not have as many children as you would like because of the biological clock," said Willem Adema, senior economist at the OECD.
AI

Are AI-Powered Tools - and Cheating-Detection Tools - Hurting College Students? (theguardian.com) 89

A 19-year-old wrongfully accused of using AI told the Guardian's reporter that "to be accused of it because of 'signpost phrases', such as 'in addition to' and 'in contrast', felt very demeaning." And another student "told me they had been pulled into a misconduct hearing — despite having a low score on Turnitin's AI detection tool — after a tutor was convinced the student had used ChatGPT, because some of his points had been structured in a list, which the chatbot has a tendency to do." Dr Mike Perkins, a generative AI researcher at British University Vietnam, believes there are "significant limitations" to AI detection software. "All the research says time and time again that these tools are unreliable," he told me. "And they are very easily tricked." His own investigation found that AI detectors could detect AI text with an accuracy of 39.5%. Following simple evasion techniques — such as minor manipulation to the text — the accuracy dropped to just 22.1%. As Perkins points out, those who do decide to cheat don't simply cut and paste text from ChatGPT, they edit it, or mould it into their own work. There are also AI "humanisers", such as CopyGenius and StealthGPT, the latter which boasts that it can produce undetectable content and claims to have helped half a million students produce nearly 5m papers...

Many academics seem to believe that "you can always tell" if an assignment was written by an AI, that they can pick up on the stylistic traits associated with these tools. Evidence is mounting to suggest they may be overestimating their ability. Researchers at the University of Reading recently conducted a blind test in which ChatGPT-written answers were submitted through the university's own examination system: 94% of the AI submissions went undetected and received higher scores than those submitted by the humans...

Many universities are already adapting their approach to assessment, penning "AI-positive" policies. At Cambridge University, for example, appropriate use of generative AI includes using it for an "overview of new concepts", "as a collaborative coach", or "supporting time management". The university warns against over-reliance on these tools, which could limit a student's ability to develop critical thinking skills. Some lecturers I spoke to said they felt that this sort of approach was helpful, but others said it was capitulating. One conveyed frustration that her university didn't seem to be taking academic misconduct seriously any more; she had received a "whispered warning" that she was no longer to refer cases where AI was suspected to the central disciplinary board.

The Guardian notes one teacher's idea of more one-to-one teaching and live lectures — though he added an obvious flaw: "But that would mean hiring staff, or reducing student numbers." The pressures on his department are such, he says, that even lecturers have admitted using ChatGPT to dash out seminar and tutorial plans. No wonder students are at it, too.
The article points out "More than half of students now use generative AI to help with their assessments, according to a survey by the Higher Education Policy Institute, and about 5% of students admit using it to cheat." This leads to a world where the anti-cheating software Turnitin "has processed more than 130m papers and says it has flagged 3.5m as being 80% AI-written. But it is also not 100% reliable; there have been widely reported cases of false positives and some universities have chosen to opt out. Turnitin says the rate of error is below 1%, but considering the size of the student population, it is no wonder that many have found themselves in the line of fire." There is also evidence that suggests AI detection tools disadvantage certain demographics. One study at Stanford found that a number of AI detectors have a bias towards non-English speakers, flagging their work 61% of the time, as opposed to 5% of native English speakers (Turnitin was not part of this particular study). Last month, Bloomberg Businessweek reported the case of a student with autism spectrum disorder whose work had been falsely flagged by a detection tool as being written by AI. She described being accused of cheating as like a "punch in the gut". Neurodivergent students, as well as those who write using simpler language and syntax, appear to be disproportionately affected by these systems.
Thanks to Slashdot reader Bruce66423 for sharing the article.
United Kingdom

Birth Rate in England and Wales Plunges To Lowest Level Since 1938 (bbc.com) 230

England and Wales have recorded their lowest birth rate since records began in 1938, with women having an average of 1.44 children in 2023, official data showed on Monday. The figure falls well below the 2.1 children per woman needed to maintain a stable population without migration in developed nations, the Office for National Statistics reported.

The rate has declined steadily since 2010. The steepest drops occurred among women under 30, with new mothers in 2023 averaging almost a year older than in 2013. Experts link the decline to multiple factors, including widespread contraception use, women's increased participation in education and employment, and rising childcare and housing costs. The trend mirrors similar patterns across developed economies, with EU nations like Italy and Spain reporting rates as low as 1.2 children per woman in 2023.
The Almighty Buck

Europe's Crooks Keep Blowing up ATMs (cnn.com) 98

"In the early hours of Thursday, March 23, 2023, residents in the German town of Kronberg were woken from their sleep by several explosions," reports CNN .

"Criminals had blown up an ATM located below a block of flats in the town center..." According to local media reports, witnesses saw people dressed in dark clothing fleeing in a black car towards a nearby highway. During the heist, thieves stole 130,000 euros in cash. They also caused an estimated half a million euros worth of collateral damage, according to a report by Germany's Federal Criminal Police Office, BKA.

Rather than staging dramatic and risky bank robberies, criminal groups in Europe have been targeting ATMs as an easier and more low-key target. In Germany — Europe's largest economy — thieves have been blowing up ATMs at a rate of more than one per day in recent years. In a country where cash is still a prevalent payment method, the thefts can prove incredibly lucrative, with criminals pocketing hundreds of thousands of euros in one attack.

Europol has been cracking down on the robberies, carrying out large cross-border operations aimed at taking down the highly-organized criminal gangs behind them. Earlier this month, authorities from Germany, France and the Netherlands arrested three members of a criminal network who have been carrying out attacks on cash machines using explosives, Europol said in a statement. Since 2022, the detainees are believed to have looted millions of euros and run up a similar amount in property damage, from 2022 to 2024, Europol said...

Unlike its European neighbors, who largely transitioned away from cash payments due to the Covid-19 pandemic, cash still plays a significant role in Germany. One half of all transactions in 2023 were made using banknotes and coins, according to Bundesbank. Germans have a cultural attachment to cash, traditionally viewing it as a safe method of payment. Some say it allows a greater level of privacy, and gives them more control over their expenses.

Earth

Carbon Emissions Are Now Growing Faster Than Before the Pandemic (newscientist.com) 147

An anonymous reader quotes a report from New Scientist: As the world emerged from the lockdowns of the covid-19 pandemic, many countries promised to rebuild their economies in a climate-friendly fashion, amid hopes the recovery effort could accelerate the global journey to net-zero emissions. In reality, the opposite has happened. Instead of a "green recovery," global greenhouse gas emissions are rising much faster now than they did in the decade preceding the global pandemic. Emissions rose 1.3 percent to 57.1 gigatons of carbon dioxide equivalent in 2023. That is a far faster annual rate of growth than during the decade 2010-2019, when emissions grew on average 0.8 percent per year. In fact, global greenhouse gas emissions are now just below the 59.1 gigatons peak recorded in 2019.

All sources of greenhouse gas emissions except land use are rising, according to a report from the United Nations Global Environment Program (UNEP), as economies continued to rebound from covid-19. Emissions from road transport, leaks from oil and gas infrastructure such as pipelines and industrial emissions all grew rapidly in 2023, UNEP said, while aviation emissions grew 19.5 percent. Rising emissions means the world's opportunity to avert catastrophic climate change is shrinking, Inger Anderson at UNEP said in a statement. "Climate crunch time is here," she said. "I urge every nation: no more hot air, please."

Movies

Rotten Tomatoes Introduces a New Audience Rating For People Who Actually Bought a Ticket (indiewire.com) 48

Rotten Tomatoes and Fandango are rolling out a new "Verified Hot" rating for users who actually bought a ticket to the movie being reviewed. "The designation is only given to theatrical movies that have reached an audience score above 90 percent among user ratings," adds IndieWire. From the report: Movie ticketing app Fandango is the parent company to Rotten Tomatoes, so if you bought your ticket through Fandango and then rated a movie using that same user info on Rotten Tomatoes, RT is able to confirm you bought a ticket and can filter out anyone else who may just be rating things blindly. A rep for RT tells IndieWire the goal is to work with other partners so that other people who don't use Fandango can still be considered verified.

Rotten Tomatoes also expanded its Popcornmeter designations. Anything with an audience score above 60 percent of people rating it as 3.5 stars or higher will be labeled "Hot," and movies below that 60 percent threshold are now "Stale." The "Certified Fresh" badge for movies that achieve a strong enough critics score has been around for a while, but in 2020 RT introduced a "Top Critics" feature such that you could filter out the dozens or hundreds of aggregated critics from unreliable sources who could be skewing a film's score. Anyone can vote or rate movies on Rotten Tomatoes if you're an audience member, but you can also filter out ratings from those not considered "verified."

Rotten Tomatoes made some other tweaks too under the hood: Both the Popcornmeter and Tomatometer need to meet a new minimum number of reviews published for a score to appear. Not everything gets reviewed widely, so the threshold varies depending on a film's total projected domestic box office forecast.
A full list of "Verified Hot" films can be found here.
The Internet

ISPs Ask Supreme Court To Kill New York Law That Requires $15 Broadband Plans (arstechnica.com) 148

ISPs have asked the US Supreme Court to strike down a New York law that requires broadband providers to offer $15-per-month service to people with low incomes. From a report: On Monday, a Supreme Court petition challenging the state law was filed by six trade groups representing the cable, telecom, mobile, and satellite industries. Although ISPs were recently able to block the FCC's net neutrality rules, this week's petition shows the firms are worried about states stepping into the regulatory vacuum with various kinds of laws targeting broadband prices and practices. A broadband-industry victory over federal regulation could bolster the authority of New York and other states to regulate broadband. To prevent that, ISPs said the Supreme Court should strike down both the New York law and the FCC's broadband regulation, although the rulings would have to be made in two different cases.

A situation in which the New York law is upheld while federal rules are struck down "will likely lead to more rate regulation absent the Court's intervention," ISPs told the Supreme Court. "Other States are likely to copy New York once the Attorney General begins enforcing the ABA [Affordable Broadband Act] and New York consumers can buy broadband at below-market rates. As petitioners' members have shown, New York's price cap will require them to sell broadband at a loss and deter them from investing in expanding their broadband networks. As rate regulation proliferates, those harms will as well, stifling critical investment in bringing broadband to unserved and underserved areas." The New York law was upheld in April by the US Court of Appeals for the 2nd Circuit, which reversed a 2021 District Court ruling. New York Attorney General Letitia James agreed last week not to enforce the $15 broadband law while the Supreme Court considers whether to take up the case.

Earth

Birth Rates in Rich Countries Halve To Hit Record Low (ft.com) 361

Birth rates in the world's rich economies have more than halved since 1960 to hit a record low, according to a study that urged countries to prepare for a "lower fertility future." From a report: The average number of children per woman across the 38 most industrialised countries has fallen from 3.3 in 1960 to 1.5 in 2022, according to a study by the OECD published on Thursday. The fertility rate is now well below the "replacement level" of 2.1 children per woman -- at which a country's population is considered to be stable without immigration -- in all the group's member countries except for Israel. "This decline will change the face of societies, communities and families and potentially have large effects on economic growth and prosperity," warned the Paris-based organisation.

Faltering population growth acts as a drag on economic expansion. Across the EU, the rise in overall labour force participation will soon not be enough to compensate for its falling working-age population, exacerbating labour shortages, according to the IMF and European Commission's 2024 ageing report. Coupled with rising life expectancy, low births also put pressure on public finances as they leave fewer people contributing the tax revenues needed to pay for the rising costs of an ageing population. A lack of pupils is also driving an increase in school closures across Europe, Japan and South Korea.

Iphone

Apple Announces Largest-Ever $110 Billion Share Buyback As iPhone Sales Drop (cnbc.com) 39

Apple reported fiscal second-quarter earnings that topped estimates, despite a 10% drop in iPhone sales. The company also announced that its board had authorized $110 billion in share repurchases, "a 22% increase over last year's $90 billion authorization," notes CNBC. "It's the largest buyback in history, ahead of Apple's previous repurchases." From the report: Apple did not provide formal guidance, but Apple CEO Tim Cook told CNBC's Steve Kovach that overall sales would grow in the "low single digits" during the June quarter. Apple posted $81.8 billion in revenue during the year-ago June quarter and LSEG analysts were looking for a forecast of $83.23 billion. On an earnings call with analysts, Apple finance chief Luca Maestri said the company expected the current quarter will deliver double-digit year-over-year percentage growth in iPad sales. What's more, he said the Services division is forecast to continue growing at about the current high rate it's achieved during the past two quarters.

Apple reported net income of $23.64 billion, or $1.53 per share, down 2% from $24.16 billion, or $1.52 per share, in the year-earlier period. Cook told CNBC that sales in the fiscal second quarter suffered from a difficult comparison to the year-earlier period, when the company realized $5 billion in delayed iPhone 14 sales from Covid-based supply issues. "If you remove that $5 billion from last year's results, we would have grown this quarter on a year-over-year basis," Cook said. "And so that's how we look at it internally from how the company is performing."

Apple said iPhone sales fell nearly 10% to $45.96 billion, suggesting weak demand for the current generation of smartphones, which were released in September. The sales were in line with analyst estimates, and Cook said that without last year's increased sales, iPhone revenue would have been flat. Mac sales were up 4% to $7.45 billion, but they are still below the segment's high-water mark set in 2022. Cook said sales were driven by the company's new MacBook Air models which were released with an upgraded M3 chip in March. Other Products, which is how Apple reports sales of its Apple Watch and AirPods headphones, was down 10% year over year to $7.9 billion.

United States

US Fertility Rate Falls To Lowest In a Century (cnn.com) 281

An anonymous reader quotes a report from CNN: The fertility rate in the United States has been trending down for decades, and a new report shows that another drop in births in 2023 brought the rate down to the lowest it's been in more than century. There were about 3.6 million babies born in 2023, or 54.4 live births for every 1,000 females ages 15 to 44, according to provisional data from the US Centers for Disease Control and Prevention's National Center for Health Statistics. After a steep plunge in the first year of the Covid-19 pandemic, the fertility rate has fluctuated. But the 3% drop between 2022 and 2023 brought the rate just below the previous low from 2020, which was 56 births for every 1,000 women of reproductive age.

The birth rate fell among most age groups between 2022 and 2023, the new report shows. The teen birth rate reached another record low of 13.2 births per 1,000 females ages 15 to 19, which is 79% lower than it was at the most recent peak from 1991. However, the rate of decline was slower than it's been for the past decade and a half. Meanwhile, births continued to shift to older mothers. Older age groups saw smaller decreases in birth rates, and the birth rate was highest among women ages 30 to 34 -- with about 95 births for every 1,000 women in this group in 2023. Women 40 and older were the only group to see an increase in birth rate, although -- at less than 13 births for every 1,000 women -- it remained lower than any other age group.

Earth

Vast DNA Tree of Life For Plants Revealed By Global Science Team 11

An international team of scientists used 1.8 billion letters of genetic code from more than 9,500 species covering almost 8,000 known flowering plant genera to create the most up-to-date understanding of the flowering plant tree of life. The research has been published in the journal Nature. Phys.Org reports: The major milestone for plant science, led by [Royal Botanic Gardens, Kew] and involving 138 organizations internationally, was built on 15 times more data than any comparable studies of the flowering plant tree of life. Among the species sequenced for this study, more than 800 have never had their DNA sequenced before. The sheer amount of data unlocked by this research, which would take a single computer 18 years to process, is a huge stride towards building a tree of life for all 330,000 known species of flowering plants -- a massive undertaking by Kew's Tree of Life Initiative.

The flowering plant tree of life, much like our own family tree, enables us to understand how different species are related to each other. The tree of life is uncovered by comparing DNA sequences between different species to identify changes (mutations) that accumulate over time like a molecular fossil record. Our understanding of the tree of life is improving rapidly in tandem with advances in DNA sequencing technology. For this study, new genomic techniques were developed to magnetically capture hundreds of genes and hundreds of thousands of letters of genetic code from every sample, orders of magnitude more than earlier methods. A key advantage of the team's approach is that it enables a wide diversity of plant material, old and new, to be sequenced, even when the DNA is badly damaged. The vast treasure troves of dried plant material in the world's herbarium collections, which comprise nearly 400 million scientific specimens of plants, can now be studied genetically.

[...] Across all 9,506 species sequenced, more than 3,400 came from material sourced from 163 herbaria in 48 countries. Additional material from plant collections around the world (e.g., DNA banks, seeds, living collections) have been vital for filling key knowledge gaps to shed new light on the history of flowering plant evolution. The team also benefited from publicly available data for more than 1,900 species, highlighting value of the open science approach to future genomic research. Flowering plants alone account for about 90% of all known plant life on land and are found virtually everywhere on the planet -- from the steamiest tropics to the rocky outcrops of the Antarctic Peninsula. [...] Utilizing 200 fossils, the authors scaled their tree of life to time, revealing how flowering plants evolved across geological time. They found that early flowering plants did indeed explode in diversity, giving rise to more than 80% of the major lineages that exist today shortly after their origin. However, this trend then declined to a steadier rate for the next 100 million years until another surge in diversification about 40 million years ago, coinciding with a global decline in temperatures. These new insights would have fascinated Darwin and will surely help today's scientists grappling with the challenges of understanding how and why species diversify.
A list of "remarkable species" included in the flowering plant tree of life is embedded below the article.

Looking ahead, the study's authors believe this data will aid future attempts to identify new species, refine plant classification, uncover new medicinal compounds, and conserve plants in the face of climate change and biodiversity loss.
China

Chinese Cities Are Sinking Rapidly (npr.org) 69

An anonymous reader quotes a report from NPR: Major cities across China are sinking, putting a substantial portion of the country's rapidly urbanizing population in harm's way in the coming decades, according to a sweeping new analysis by Chinese scientists. Subsidence is the technical term for when land sinks relative to its surroundings, and it's a major threat for cities around the world. It accelerates local sea level rise from climate change, because the land is getting lower as the ocean gets higher. Urban subsidence can also affect inland cities by damaging buildings and roads, and causing drainage issues when water is trapped in sinking areas.

Out of 82 major Chinese cities, nearly half are measurably subsiding, according to the new study, which was published in the journal Science and conducted by more than 50 scientists at Chinese research institutes. The areas that are sinking are home to nearly one third of China's urban population. And the authors estimate that about a quarter of China's coastal land will be below sea level in the next hundred years, largely due to subsidence. That means tens of millions of people are already at risk, and that could grow to hundreds of millions if China's cities continue to both grow in population and subside at their current rate, and seas continue to rise. Oceans are rising steadily due to greenhouse gas emissions from burning oil, gas and coal.

This is the first time scientists have used satellite data to systematically measure how much cities are sinking across China. The study measured how much cities subsided between 2015 and 2022. Similar recent studies in Europe and the United States have also found significant subsidence in some cities, but didn't show the same widespread sinking that is present across China. "The places that really have high levels of subsidence are Asia," says Nicholls, who was one of the authors of a recent study that analyzed sinking cities across the U.S. Asia is at higher risk, he says, because many Asian cities are built on river deltas that are prone to sinking when you put heavy buildings on top and pump groundwater out from below. The places that are sinking most rapidly in the U.S., such as New Orleans, share that geology.

The Almighty Buck

Traders Are Betting Millions That Trump Media 'Meme Stock' Will Tumble (nytimes.com) 151

Many investors are lining up to bet on the collapse of former President Donald J. Trump's social media company, Trump Media & Technology Group Corp., which made its stock market debut last week under the ticker "DJT." The stock has been called the "mother of all meme stocks" since it is highly volatile and there are no fundamental underpinnings. It's being valued at roughly 1,600 times its annual revenue, at Wednesday's closing price. "By comparison, the stock of Facebook's owner trades at about eight times revenues, and Google's owner trades at six times," notes Fast Company. The New York Times reports: Trump Media is the most "shorted" special purpose acquisition vehicle in the country, according to the financial data company S3 Partners. Short-sellers bet that the price of a stock will fall. They do that by borrowing shares of a company and selling them into the market, hoping to buy them back later at a lower price, before returning the shares to the lender and pocketing the difference as profit. The demand to short Trump Media, the parent company of the social media platform Truth Social, is so great that stock lenders can charge enormous fees, making it hard for short-sellers to turn a profit unless the shares fall significantly. Still, there is a lot of interest in taking the bet. "They are looking for this stock to crater and crater very quickly," said Ihor Dusaniwsky, managing director of predictive analytics at S3. Last month, traders lost $126 million betting against Trump Media, according to S3.

On Monday, Trump Media published updated financial information, revealing little revenue, large losses and a statement from the company's independent auditor expressing "substantial doubt" about its financial viability. This appeared to galvanize investors betting against the company, as the stock slipped from its highs. But short-sellers are finding it difficult and costly to trade in Trump Media. There are roughly 137 million shares in the company, and only around five million of those are available to short-sellers. Mr. Trump owns about 60 percent of shares, and company executives also hold a chunk of the stock. Company insiders tend not to lend their shares to short-sellers. Big asset managers like BlackRock, Vanguard and State Street, which regularly lend out shares, are not major holders of Trump Media, further crimping the supply.

According to S3, 4.9 million of the roughly five million available shares are already on loan. As with any loan, when share owners lend their stock to a short-seller, they charge a fee, usually expressed as an annual interest rate on the stock's current value. Typically, the fee for borrowing stock is a fraction of a percentage point. For Trump Media, it has risen to 550 percent, Mr. Dusaniwsky said. Trump Media's stock currently trades at around $50. That means that shorting it for a month would cost more than $20 per share. For a short-seller to break even, the stock price would have to fall by almost half by early May.

There is another wrinkle, too. One large broker said much of the short trading was not an outright bet against Trump Media. Since the advent of meme-stock trading and the vilification of short-sellers that win only if popular companies lose, large investors are wary of making such trades. Instead, the current trade driving demand is designed to capture the difference between DJT's stock price and outstanding "warrants," which will give the owners the right to new stock at a fixed price as long as regulators approve the new shares. Partly because of that uncertainty, those warrants currently trade below $19, with a list of hedge funds as recent holders. Even after the high cost to borrow stock is accounted for, they are still able to profit from the $30 difference between existing stock and what the warrants are worth, assuming the warrants become registered as shares.

Games

PC, Console Growth To Lag Pre-pandemic Levels as Gamers Clock in Fewer Hours (reuters.com) 74

Personal computing and console gaming revenue growth is expected to remain below pre-pandemic levels through 2026 as gamers record fewer hours of playtime, according to research firm Newzoo. From a report: The market is expected to grow 2.7% from 2023-end to 2026, below the 7.2% growth rate from 2015 to 2021, according to the report. Gamers have been recording fewer hours of play, with the average quarterly playtime falling 26% from 2021 to 2023. The trend is expected to continue this year due to weaker gaming release schedules, with playtime falling around 10% in January. "Slower player growth rates will impact the industry's capacity to 'expand the pie' via net organic growth," Newzoo said.
Earth

'Massive Amounts' of Carbon Sequestered for Centuries Released By Clearing Indonesia's Peatland (msn.com) 130

"Indonesia has been clearing tens of thousands of acres of densely vegetated peatland for farming, releasing massive amounts of carbon that had been sequestered below for centuries," reports the Washington Post, "and destroying one of the Earth's most effective means of storing greenhouse gases." The country is home to as much as half of the planet's tropical peatland, a unique ecosystem that scientists say is vital to averting the worst results of climate change. Government leaders have made halting efforts to protect peatlands over the last two decades, but three years ago, when the pandemic disrupted food supply chains, officials launched an ambitious land-clearance operation in a push to expand the cultivation of crops and cut Indonesia's reliance on expensive imports. By transforming 2,000 to 4,000 square miles of what environmental groups say is predominantly peatland into fields of rice, corn and cassava, the government projects that it will achieve self-sufficiency in food... But disrupting the peatlands comes with devastating, likely irreversible costs for the climate, say environmental experts and activists.

"To restore these vast areas of peat forest being destroyed will take years and huge investments in labor and funds," said David Taylor, a professor of tropical environmental change at the National University of Singapore who has researched peatlands in Asia and Africa. To do it on the timeline that global leaders have set for the world to achieve net-zero emissions? "Near impossible," Taylor said... While peatlands make up just 3 percent of the Earth's land, they store twice as much carbon as all the world's forests combined, according to the United Nations. When peatlands are drained, layers of aged biomass that are exposed to oxygen-rich air decay at an accelerated rate, releasing carbon from bygone eras into the atmosphere.

Even worse, when the weather turns hot, unprotected peat dries out, becoming combustible. Already, environmental activists and villagers in Kalimantan, the Indonesian portion of the island of Borneo, say peatlands cleared by the government are fueling more-intense wildfires... Left intact, peatlands are naturally protected against fire. Once degraded, however, they produce infernos that are notoriously difficult to put out because they can travel underground, feeding on dried biomass yards below the surface.

Tropical peatlands are also threatened by development in Peru and Africa's Congo Basin, according to the article. But they add that there's something especially ironic about Indonesia's government project. "Research shows that tropical peatlands tend to be too acidic to grow crops.

"Indonesian environmental groups, including Pantau Gambut and WALHI, said they have documented widespread crop failures in areas targeted by the government's project. Rice planted in some peat-rich areas has had less than a third of the yield of rice planted in mineral soil, according to the groups' analysis."
Medicine

Hospitals Owned By Private Equity Are Harming Patients, Reports Find (arstechnica.com) 199

Private equity firms are increasingly buying hospitals across the US, and when they do, patients suffer, according to two separate reports. Specifically, the equity firms cut corners, slash services, lay off staff, lower quality of care, take on substantial debt, and reduce charity care, leading to lower ratings and more medical errors, the reports collectively find. ArsTechnica: Last week, the financial watchdog organization Private Equity Stakeholder Project (PESP) released a report delving into the state of two of the nation's largest hospital systems, Lifepoint and ScionHealth -- both owned by private equity firm Apollo Global Management. Through those two systems, Apollo runs 220 hospitals in 36 states, employing around 75,000 people. The report found that some of Apollo's hospitals were among the worst in their respective states, based on a ranking by The Lown Institute Hospital Index. The index ranks hospitals and health systems based on health equity, value, and outcomes, PESP notes. The hospitals also have dismal readmission rates and government rankings.

The Center for Medicare and Medicaid Services (CMS) ranks hospitals on a one- to five-star system, with the national average of 3.2 stars overall and about 30 percent of hospitals at two stars or below. Apollo's overall average is 2.8 stars, with nearly 40 percent of hospitals at two stars or below. The other report, a study published in JAMA late last month, found that the rate of serious medical errors and health complications increases among patients in the first few years after private equity firms take over. The study examined Medicare claims from 51 private equity-run hospitals and 259 matched control hospitals. Specifically, the study, led by researchers at Harvard University, found that patients admitted to private equity-owned hospitals had a 25 percent increase in developing hospital-acquired conditions compared with patients in the control hospitals. In private equity hospitals, patients experienced a 27 percent increase in falls, a 38 percent increase in central-line bloodstream infections (despite placing 16 percent fewer central lines than control hospitals), and surgical site infections doubled.

The Almighty Buck

Global Economy Set For Its Worst Half Decade of Growth in 30 Years, World Bank Says (cnbc.com) 154

The global economy is on course to record its worst half decade of growth in 30 years, according to the World Bank. From a report: Global growth is forecast to slow for the third year in a row in 2024, dipping to 2.4% from 2.6% in 2023, the organization said in its latest "Global Economic Prospects" report released Tuesday. Growth is then expected to rise marginally to 2.7% in 2025, though acceleration over the five-year period will remain almost three-quarters of a percentage point below the average rate of the 2010s.

And despite the global economy proving resilient in the face of recessionary risks in 2023, increased geopolitical tensions will present fresh near-term challenges, the organization said, leaving most economies set to grow more slowly in 2024 and 2025 than they did in the previous decade. "You have a war in Eastern Europe, the Russian invasion of Ukraine. You have a serious conflict in the Middle East. Escalation of these conflicts could have significant implications for energy prices that could have impacts on inflation as well as on economic growth," Ayhan Kose, the World Bank's deputy chief economist and director of the Prospects Group, told CNBC's Silvia Amaro. The bank warned that without a "major course correction," the 2020s will go down as "a decade of wasted opportunity."

AI

ChatGPT Bombs Test On Diagnosing Kids' Medical Cases With 83% Error Rate (arstechnica.com) 70

An anonymous reader quotes a report from Ars Technica: ChatGPT is still no House, MD. While the chatty AI bot has previously underwhelmed with its attempts to diagnose challenging medical cases -- with an accuracy rate of 39 percent in an analysis last year -- a study out this week in JAMA Pediatrics suggests the fourth version of the large language model is especially bad with kids. It had an accuracy rate of just 17 percent when diagnosing pediatric medical cases. The low success rate suggests human pediatricians won't be out of jobs any time soon, in case that was a concern. As the authors put it: "[T]his study underscores the invaluable role that clinical experience holds." But it also identifies the critical weaknesses that led to ChatGPT's high error rate and ways to transform it into a useful tool in clinical care. With so much interest and experimentation with AI chatbots, many pediatricians and other doctors see their integration into clinical care as inevitable. [...]

For ChatGPT's test, the researchers pasted the relevant text of the medical cases into the prompt, and then two qualified physician-researchers scored the AI-generated answers as correct, incorrect, or "did not fully capture the diagnosis." In the latter case, ChatGPT came up with a clinically related condition that was too broad or unspecific to be considered the correct diagnosis. For instance, ChatGPT diagnosed one child's case as caused by a branchial cleft cyst -- a lump in the neck or below the collarbone -- when the correct diagnosis was Branchio-oto-renal syndrome, a genetic condition that causes the abnormal development of tissue in the neck, and malformations in the ears and kidneys. One of the signs of the condition is the formation of branchial cleft cysts. Overall, ChatGPT got the right answer in just 17 of the 100 cases. It was plainly wrong in 72 cases, and did not fully capture the diagnosis of the remaining 11 cases. Among the 83 wrong diagnoses, 47 (57 percent) were in the same organ system.

Among the failures, researchers noted that ChatGPT appeared to struggle with spotting known relationships between conditions that an experienced physician would hopefully pick up on. For example, it didn't make the connection between autism and scurvy (Vitamin C deficiency) in one medical case. Neuropsychiatric conditions, such as autism, can lead to restricted diets, and that in turn can lead to vitamin deficiencies. As such, neuropsychiatric conditions are notable risk factors for the development of vitamin deficiencies in kids living in high-income countries, and clinicians should be on the lookout for them. ChatGPT, meanwhile, came up with the diagnosis of a rare autoimmune condition. Though the chatbot struggled in this test, the researchers suggest it could improve by being specifically and selectively trained on accurate and trustworthy medical literature -- not stuff on the Internet, which can include inaccurate information and misinformation. They also suggest chatbots could improve with more real-time access to medical data, allowing the models to refine their accuracy, described as "tuning."

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