Day: February 27, 2024
-
Recognizing Adams Administration’s Successful Fiscal Management, Leading Independent, Credit Rating Agencies Affirm New York City’s Strong Financial Standing
NEW YORK – New York City Mayor Eric Adams today highlighted recent affirmations of the city’s bond ratings based upon strong fiscal management by four internationally-recognized, independent credit rating agencies — Moody’s Investors Service, S&P Global Ratings, Fitch Ratings, and Kroll Bond Rating Agency (KBRA). Maintaining a strong bond rating is an indication of the city’s…
-
Google’s Gemini Catastrophe: Wake-Up Call for Woke Tech?
Yesterday, Google faced a significant drop in its stock price due to revelations about its AI product, Gemini, generating inaccurate images. This incident highlights a compelling business story with three key aspects to explore: the programming of the AI itself, the incentives set for Google’s employees, and the corporate incentives and management. Firstly, examining the…