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BlackRock’s Fink Sees Inflation Risk in Slow Data-Center Buildout

2 days 16 hours ago
BlackRock CEO Larry Fink says delays in building data centers could raise computing costs and threaten economic growth as demand for artificial intelligence accelerates. "The faster we can build out more data centers, the more compute we have, the faster we can bring down the cost,” Fink tells Bloomberg's Francine Lacqua on the sidelines of the Berlin Global Dialogue. (Source: Bloomberg)

U.S. antipoverty tax credit expansion may have unintended costs for children's development

2 days 16 hours ago
As part of U.S. welfare reforms in the 1990s to provide adequate financial support to low-income families while avoiding disincentivizing work, policymakers expanded the Earned Income Tax Credit (EITC). This change encouraged people to work more by giving greater benefits with greater earned income, and single mothers faced stronger incentives to enter the workforce than married mothers.