Loan sharks 🦈 — AI is taking jobs. China bails out countries. And loan sharks get new rules.

We’ve got good news and bad news. Good news: Advances in artificial intelligence (AI) promise to boost productivity and global GDP! Bad news: it could cost you your job.

Think bailing out banks seems tricky? China’s been bailing out entire countries, according to a new study.

With interest rates and the cost of living way up, at least one important number is going down—the maximum interest rate on loans.

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