Posts Tagged ‘stock market’

It’s Been a Long, Long Year, So Far

Friday, June 20th, 2025

By Bob Gaydos

Sunrise at Stonehenge during the summer solstice.

Sunrise at Stonehenge during the summer solstice.

It’s official. Today is the longest day of the year.

AI says so: “The longest day of summer in 2025, also known as the summer solstice, will be Friday, June 20th. This is when the Northern Hemisphere will experience its longest period of daylight and the shortest night of the year. The solstice marks the official start of astronomical summer.”

The Old Farmer’s Almanac and NASA say so: “The 2025 summer solstice falls on Friday, June 20, at 10:42 PM. ET. This marks the longest day of the year in the northern hemisphere, when the Earth’s tilt positions it closest to the Sun.”

Man, I’m embarrassed to admit this news kind of took me by surprise. I mean, every one of those 151 days since January 20 of this year has felt like the longest day of the year. I know you know what I mean.

Well, it’s late afternoon as I’m writing this and I’ve still got more than six hours for the official entry of summer and if the gods are with me, I may survive the longest day of the year without the USA going to war again.

It seems Taco Don has pulled his usual schtick and backed off from threatening to kill the leader of Iran and give Israel our bunker busting bombers to wipe out Iran’s nuclear facilities for at least “two weeks.”

That gives his staff and any Republican left in Congress with a shred of pride enough time to give our confused leader a little dose of reality to go with his bombast. Also to give delegates from France, the UK and Germany an  opportunity to meet with an Iranian delegate to consider ways to end the war between Iran and Israel without blowing up the world.

It’s similar to Trump backing off threatening 80 percent tariffs on Chinese goods and blowing up the stock market. That little insider-trading maneuver helped Donald and a few close friends make a bundle while backing off also preserved the portfolios of so-called average Americans. Supposedly we’re still talking to the Chinese, although they say we’re not.

Funny, India says Trump had nothing to do with stopping the fighting between it and Pakistan, although he says he did.

And, remember that Salvadoran native Trump’s goon squad deported to El Salvador against the judge’s orders? Trump repeatedly insisted he could not be brought back, despite repeated court orders to do so, because, well that’s a different country.

Remember? Well, Kilmar Abrego Garcia is back in Tennessee and recently appeared in court to face criminal charges for allegedly transporting migrants within the U. S. One constitutional crisis averted.

Also, the Fed chairman still has a job and we have not, despite various poorly disguised threats, invaded Panama, Greenland or Canada yet. As far as I know. But then, this is the longest day of the year, and Trump, the consummate car salesman, has yet to sell the Tesla that Elon gave him.

So who knows? Maybe I should just count my blessings, enjoy the sunshine, the air conditioning, have a little supper and find a movie to watch.

Wonder if “The Longest Day” is on Netflix.

 

 

Measles, Markets and Musk

Monday, March 10th, 2025

By Bob Gaydos

Fighting measles, the RFK Jr. way. RJPhotography

Fighting measles, the RFK Jr. way.
RJPhotography

   I got sidetracked from following the all-Trump-all-the-time news cycle recently because I was doing less exciting things like filling the bird feeders, cleaning the fish tank, walking the dogs, picking up a book, so I had to do a real quick catching up on the big stuff.

   For starters, I’m proud to report that, as per advice from our new Health Secretary, Bobby Worm Brain Kennedy Jr., I have been taking my cod liver oil capsule daily so that I do not catch measles … again. If that’s possible. Had it when I was a kid.

  I understand a lot of children in Texas have recently contracted the disease for some reason and that one child has died. That’s surprising in this day and age. Reports said the children’s parents, as with most of the others affected,  agreed with the new health czar’s philosophy of not vaccinating their children, but maybe they forgot about the cod liver oil. Sad.

   I also learned that Trump, after taking back his threat to impose tariffs on Canada, Mexico, China and I can’t remember who else when those countries said they’d do the same, then reinstated the threat only to change his mind again when The Wall Street Journal said it was a stupid idea and the Stock Market tanked. I think that’s what happened. 

   You know, if I had a suspicious mind, I might suspect the felon was manipulating the market for those in the know — like friendly billionaires — who could buy lots of shares when his tariff threat drove prices down, then sell them when his, um, surprise change of mind, sent the ever-reactive market up again. But that wouldn’t be legal, would it? Guess we’ll have to stay tuned on this one.

      I also read that all is not so lovey-dovey in MAGA world regarding some things Trump’s prime minister, Elon Musk, has done. The Supreme Court, of all things, acted as the, well, supreme, decider and said Musk/Trump could not just cancel payment of funds approved by Congress and owed under contracts for USAID programs. That’s the country’s soft foreign aid program, helping countless people around the globe.

     A federal judge had already ruled that the funds could not be canceled and Trump appealed to his presumed buddies in robes so he could stiff the contractors, per usual, and got a surprise when Chief Justice John Roberts and Trump-appointed Justice Amy Coney Barrett joined the three liberal justices in agreeing with the judge in Rhode Island.

    The 5-4 ruling included instructions for the judge to figure out who should get paid, when, etc. I understand that this ruling may have had something to do with Trump snubbing Barrett at his State of the Union ramble. But that would be really petty, no?

    That USAID flap apparently also came up at a Cabinet meeting (and wouldn’t you like to be a fly on the wall for that), when Marco Rubio, the actual Secretary of State, complained that Musk, was firing people at State who did actual work and that it was supposed to be Rubio’s job to decide. A couple of other Cabinet members also apparently had their Wheaties that day and said the same thing and Trump apparently said play nice, children. According to reports leaked to The New York Times, Trump actually said that Musk, who still has no actual federal job and reportedly wore a suit to the meeting, wouldn’t fire anybody anymore and that Rubio, Kennedy et al could run their departments.

  There’s also apparently no truth to the rumor that Kennedy blamed Musk’s autism spectrum disorder and his sometimes out-of-sync social behavior on a vaccine. Yet.

      There, I think that catches me up as much as I really want to right now.

 

Yikes! AI Wants My Job!

Monday, June 3rd, 2024

By Bob Gaydos

How will AI affect knowledge workers?

How will AI affect knowledge workers?

 I accidentally (by not being in charge of the remote) wandered into a YouTube Ted Talk by Cathie Wood the other day and, realizing I was a hostage, I half-listened for a while.

      Wood is founder and CEO of ARK, an investment company that in recent years has made her millions as well as making her the darling genius of every stock market/investment show on regular TV and YouTube. Tesla was her not-so-secret word. She’s soured on Nvidia. But that’s not what grabbed my attention this night. This talk wasn’t about what stock to buy. It was about artificial intelligence. AI.

    “Did she just say ‘knowledge workers,’?” I asked the person in charge of the remote.

      “Uh huh.”

      “What the heck are ‘knowledge workers’?” I said quietly to myself, so as not to disturb anyone actually listening to the talk. Google will know.

       And it did.

       A variety of Human Resources sources told me pretty much the same thing. “Knowledge work” requires a high degree of cognitive skill, competence, knowledge, curiosity, expertise and creativity in problem-solving, critical thinking, gathering data, analyzing trends and decision-making. The work involves solving issues, making judgments. Applying knowledge.

     It sounded important.

     “Heck,” I thought to myself, “I was a knowledge worker.”

      One source# confirmed that with this list of  professional knowledge workers:

  • Accountant
  • Computer Programmer
  • Consultant
  • Data/Systems Analyst
  • Designer
  • Engineer
  • Lawyer
  • Marketing/Financial Analyst
  • Pharmacist
  • Physician
  • Researcher
  • Scientist
  • Software Developer
  • Web Designer
  • Writer/Author

    There I was. At the bottom of the list, but it was alphabetical. I was and still am a knowledge worker, at least in the words and world of Cathie Wood and all those other CEOs of hedge funds and Big Tech companies. 

      I used to be content being identified as a newspaperman or journalist. It was simple and understandable to everyone for about half a century. I wrote stuff to let people know what was going on in the world and maybe help them make sense of it. I tried.

      But the Internet introduced a new brand of people doing the same thing. Sort of. First, there came “influencers.” These are people who post information on social media platforms for others to view or read and react to. Well, I did that. Still do. But I didn’t get any contracts from companies to push their jeans or sneakers or other products. I guess I was not a very influential influencer.

      Then came the most insulting of all terms, the one so many professional HR people on Linkedin seem to be looking for daily: “Content creators.”

        The operating philosophy here seems to be, “We don’t really care how good or accurate or timely or well-written or even creative your content is, as much as we care that there’s enough of it to occupy our platform daily. Click bait is acceptable.”

        Some of the “content” is readable. Much is not, at least in the judgment of this knowledge worker.

        However, the salient point in this discussion is not so much who is or who is not a knowledge worker, but rather, is this a job title in danger of disappearing, not because the titans of industry have figured out yet another way to label mere mortals in a condescending manner, but because their seemingly vital jobs will be filled by computer chips.

      Wood, remember, was talking about AI. The question being, how will AI affect the need for all these knowledge workers in the future? Can these big firms save a bundle of money by having AI do the work of knowledgeable, creative people who are good at solving problems and decision-making? 

    To which I reply, “How can such a knowledge worker today even recommend a change that may eliminate his or her job?”

     AI is far from there, as anyone who watches some of the prepared programming on YouTube about how to make your life better, or what country to move to or Medieval history is aware. The content is often comparable to a poorly written fifth-grade essay plagiarized from a variety of sources and a “narrator” who often can’t pronounce the words correctly.

   It’s clear no human had a hand in presenting this program and, apparently, no human ever bothered to edit it to make it less amateurish. Because, you know, money saved. The lure of AI.

Cathie Wood

Cathie Wood

           But this is just the beginning, as Wood reminds us, and the Big Techs will go as far as they can, unless someone (Congress?) says “That’s too far.”

      The HR specialists I found in my knowledge worker capacity noted that “knowledge work” is intangible. This means it does not include physical labor or manual tasks. But if you work with your hands and you’re good at it, don’t get too cocky regarding artificial intelligence and your future. Wood has another scary word in her vocabulary: Robots. She loves them.

      Now, to be fair and thorough, I must note that there’s also another word that has been applied to people who do what I do, which included writing daily newspaper editorials for 23 years: Pundit.

       Here’s how Wikipedia, defines it: “A pundit is a learned person who offers opinion in an authoritative manner on a particular subject area (typically politics, the social sciences, technology or sport), usually through the mass media.”

        I’m not trying to beef up my obituary, but I think that fits me and this pundit suggests that other knowledge workers pay close attention when millionaire influencers like Cathie Wood start talking about replacing them with computerized content creators. Eventually it won’t be just rising stock prices and amateurish YouTube shows.

       And that’s my Ted Talk today.

(# Much of the information on knowledge workers in this column is from a piece by Robin Modell for Flexjobs. She is an experienced journalist, author and corporate writer and a contributor to the On Careers section of U.S. News & World Report. Clearly, a knowledge worker.)

rjgaydos@gmail.com

Yikes! AI Wants My Job!

Wednesday, May 29th, 2024

By Bob Gaydos

How will AI affect knowledge workers?

How will AI affect knowledge workers?

 I accidentally (by not being in charge of the remote) wandered into a YouTube Ted Talk by Cathie Wood the other day and, realizing I was a hostage, I half-listened for a while.

      Wood is founder and CEO of ARK, an investment company that in recent years has made her millions as well as making her the darling genius of every stock market/investment show on regular TV and YouTube. Tesla was her not-so-secret word. She’s soured on Nvidia. But that’s not what grabbed my attention this night. This talk wasn’t about what stock to buy. It was about artificial intelligence. AI.

    “Did she just say ‘knowledge workers,’?” I asked the person in charge of the remote.

      “Uh huh.”

      “What the heck are ‘knowledge workers’?” I said quietly to myself, so as not to disturb anyone actually listening to the talk. Google will know.

       And it did.

       A variety of Human Resources sources told me pretty much the same thing. “Knowledge work” requires a high degree of cognitive skill, competence, knowledge, curiosity, expertise and creativity in problem-solving, critical thinking, gathering data, analyzing trends and decision-making. The work involves solving issues, making judgments. Applying knowledge.

     It sounded important.

     “Heck,” I thought to myself, “I was a knowledge worker.”

      One source# confirmed that with this list of  professional knowledge workers:

  • Accountant
  • Computer Programmer
  • Consultant
  • Data/Systems Analyst
  • Designer
  • Engineer
  • Lawyer
  • Marketing/Financial Analyst
  • Pharmacist
  • Physician
  • Researcher
  • Scientist
  • Software Developer
  • Web Designer
  • Writer/Author

    There I was. At the bottom of the list, but it was alphabetical. I was and still am a knowledge worker, at least in the words and world of Cathie Wood and all those other CEOs of hedge funds and Big Tech companies. 

      I used to be content being identified as a newspaperman or journalist. It was simple and understandable to everyone for about half a century. I wrote stuff to let people know what was going on in the world and maybe help them make sense of it. I tried.

      But the Internet introduced a new brand of people doing the same thing. Sort of. First, there came “influencers.” These are people who post information on social media platforms for others to view or read and react to. Well, I did that. Still do. But I didn’t get any contracts from companies to push their jeans or sneakers or other products. I guess I was not a very influential influencer.

      Then came the most insulting of all terms, the one so many professional HR people on Linkedin seem to be looking for daily: “Content creators.”

        The operating philosophy here seems to be, “We don’t really care how good or accurate or timely or well-written or even creative your content is, as much as we care that there’s enough of it to occupy our platform daily. Click bait is acceptable.”

        Some of the “content” is readable. Much is not, at least in the judgment of this knowledge worker.

        However, the salient point in this discussion is not so much who is or who is not a knowledge worker, but rather, is this a job title in danger of disappearing, not because the titans of industry have figured out yet another way to label mere mortals in a condescending manner, but because their seemingly vital jobs will be filled by computer chips.

      Wood, remember, was talking about AI. The question being, how will AI affect the need for all these knowledge workers in the future? Can these big firms save a bundle of money by having AI do the work of knowledgeable, creative people who are good at solving problems and decision-making? 

    To which I reply, “How can such a knowledge worker today even recommend a change that may eliminate his or her job?”

     AI is far from there, as anyone who watches some of the prepared programming on YouTube about how to make your life better, or what country to move to or Medieval history is aware. The content is often comparable to a poorly written fifth-grade essay plagiarized from a variety of sources and a “narrator” who often can’t pronounce the words correctly.

   It’s clear no human had a hand in presenting this program and, apparently, no human ever bothered to edit it to make it less amateurish. Because, you know, money saved. The lure of AI.

Cathie Wood

Cathie Wood

           But this is just the beginning, as Wood reminds us, and the Big Techs will go as far as they can, unless someone (Congress?) says “That’s too far.”

      The HR specialists I found in my knowledge worker capacity noted that “knowledge work” is intangible. This means it does not include physical labor or manual tasks. But if you work with your hands and you’re good at it, don’t get too cocky regarding artificial intelligence and your future. Wood has another scary word in her vocabulary: Robots. She loves them.

      Now, to be fair and thorough, I must note that there’s also another word that has been applied to people who do what I do, which included writing daily newspaper editorials for 23 years: Pundit.

       Here’s how Wikipedia, defines it: “A pundit is a learned person who offers opinion in an authoritative manner on a particular subject area (typically politics, the social sciences, technology or sport), usually through the mass media.”

        I’m not trying to beef up my obituary, but I think that fits me and this pundit suggests that other knowledge workers pay close attention when millionaire influencers like Cathie Wood start talking about replacing them with computerized content creators. Eventually it won’t be just rising stock prices and amateurish YouTube shows.

       And that’s my Ted Talk today.

(# Much of the information on knowledge workers in this column is from a piece by Robin Modell for Flexjobs. She is an experienced journalist, author and corporate writer and a contributor to the On Careers section of U.S. News & World Report. Clearly, a knowledge worker.)

rjgaydos@gmail.com