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Estimating inflation is a tricky and complex task. In the United States, the government's Bureau of Labor Statistics sends testers to stores to record the price of everything from cheese to tires, and surveys consumers over the phone about what they spent on gas and funeral services. Amazon thinks it could do it better. With help from outside researchers, the company's economists are working on a way to measure inflation using thousands of transactions across its own platform. Automatically analyzing product descriptions allows them to better assess the quality of a dress or a juicer or a bathmat, theoretically creating a more accurate, up-to-date index of how much things cost.
Source: News Formal (newsformal.com)
Inflation numbers are heavily politically motivated. I understand Amazon wants to have their own numbers so they can make more informed decisions.
eternal life is available thru Jesus , travel speed of thought ; might be true
Monopolies will have to go to reduce industry concentration and enhance competition
Let’s hope they weren’t classmates of AOC.
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Philadelphia banned stores from refusing to accept cash, and it's a troubling trend for AmazonThe backlash against cashless stores is troubling news for expanding cashless chains like Amazon Go. figures it is philly that would do this What is the benefit of a cashless store? I don’t see it
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon removes books promoting autism cures and vaccine misinformationThe titles suggested pseudoscientific methods such as ingesting and bathing in a potentially toxic form of bleach and taking medication meant to treat arsenic and lead poisoning. This is a very good move. YouTube your turn. Good for Amazon
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Tech giants like Google, Facebook and Amazon need new competition rules, UK government report findsA new U.K. government report published Wednesday found tech giants are stifling innovation and reducing choices for consumers. They need LEGAL controls
Source: CNBC - 🏆 12. / 72 Read more »
Obama's former adviser says Silicon Valley giants must release their iron grip on everyone's dataFacebook, Apple, Google, Amazon, and Microsoft stifle the competition, Jason Furman's review said. Myślę Mark że z czasem zapłacisz za swój potężny błąd.. Oj zapłacisz. Szkoda że szczepiłes swoje potomstwo z mojego..
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Amazon steps up its open-source game, and Elastic stock falls as a resultElastic shares fell as much as 5 percent on Tuesday after Amazon Web Services created a new library of open-source code for Elasticsearch, which is at the heart of Elastic. I wonder how long until they take ELASTIC out
Source: CNBC - 🏆 12. / 72 Read more »
A CEO is calling out Amazon Web Services for encroaching on his company's turf — and some experts are supporting AmazonElastic CEO Shay Banon and members of the open source community speak out about Amazon's Open Distro for Elasticsearch and what it means.
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Elizabeth Warren: ‘It’s not even hard’ to break up Amazon and other tech giantsWarren's plan to break up Big Tech may be a long shot, but it will make discussion of regulating the technology industry a key point of the 2020 debate. Just pass some of the data privacy laws like Europe did. Sounds so easy doesn't it? Break up the tech giants. So let's say Amazon is broken up. What does that look like? They can't sell products for an extended period of time? How does that help our economy? What nonsense. I just want to know if she expects me to actually go to the store to buy things like phone cases, Flash drives and head phones
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Amazon sells books promoting autism cures and other conspiraces, but should it regulate its sales?Uscinski questioned how the platform could regulate content consistently, saying 'once you open this can of worms, you realize there’s a lot of worms.' I am with Sen. Warren, time to break up these huge companies. We are back to the early 1900's where the billionaires bought more and more to dominate. Not American to own the whole Monopoly board. It should. Just as YouTube should. Flat earth nutjobs should not be allowed to post on either. But then that raises the question of Scientology nut jobs. I believe they should be muzzled. Resist
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Analysis | The Technology 202: EU's top competition cop says Amazon probe in 'quite advanced' stageA formal antitrust case could raise the stakes for platforms that are both marketplaces and sellers. Amazon is not the only one. Google also has this nature because they also are being the navigation tool to find a lot of businesses, businesses that they themselves compete with.
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