mig-wp

**Fed Says Generative AI Isn’t Just Hype—It’s the Next Microscope**
The Federal Reserve believes generative AI is a game-changer for productivity, comparing its potential impact to breakthroughs like electricity and the microscope. However, widespread adoption will be slow and risky, requiring major infrastructure investments. While AI could revolutionize industries, its full economic benefits may not emerge until the 2030s.

**AI’s Productivity Boom Is Coming—But Don’t Expect It Overnight**
The Fed predicts generative AI will significantly boost labor productivity, but warns adoption will take years due to slow integration in non-tech sectors. Unlike past innovations, AI’s impact depends on supporting tech like robotics and AI agents. Experts forecast measurable GDP growth by 2027, peaking in the next decade.

**Why the Fed Compares AI to the Microscope and Electric Dynamo**
A new Fed paper highlights AI as both a „general-purpose technology” and an „invention of invention,” driving long-term productivity like the microscope once did. Specialized AI tools and rapid innovation suggest transformative potential—but overbuilding infrastructure could backfire. The key challenge? Getting businesses to fully embrace AI.

**Ethereum ETF Staking Approval Could Trigger ETH Price Surge, Says Hedge Fund Manager**
Eric Jackson of EMJ Capital predicts ether (ETH) could hit $10K-$15K, citing staking-enabled ETFs as a game-changer for institutional demand. His firm highlights Ethereum’s deflationary model and yield potential as key drivers. **Read why experts believe ETH is undervalued.**

**SharpLink Gaming Becomes World’s Largest Corporate ETH Holder with $213M Purchase**
The Nasdaq-listed firm now holds 280,706 ETH, staking 99.7% of its holdings to generate passive yield. Chairman Joseph Lubin’s vision aims to position Ethereum as a backbone of digital commerce. **Discover how corporate adoption could reshape ETH’s market dynamics.**

**Ether Defies Market Dip with 1% Surge Amid Institutional Buying Spree**
While Bitcoin slid 5%, ETH held steady, buoyed by SharpLink’s massive accumulation and a late-session rally past $3K. Analysts see breakout potential as staking and layer-2 adoption accelerate. **Is Ethereum poised to outperform BTC?**

**AI Threatens Half of White-Collar Jobs—Disruption Has Already Begun**

Ford CEO Jim Farley warns AI could replace 50% of U.S. white-collar jobs, with experts predicting rapid workforce upheaval. Cornell professor John McCarthy confirms job disruption is already expanding, hitting entry-level roles hardest. As AI outperforms finance interns and recruiters, young graduates face a shrinking job market—raising fears of a „lost generation.”

**AI Job Disruption Accelerates—Recent Grads Hit Hardest**

CEOs from Shopify to Duolingo are freezing hires as AI takes over entry-level tasks, leaving young workers struggling. The NY Fed reports record-high unemployment for recent grads, with AI eroding traditional career pathways. Experts warn without policy shifts, early AI-era graduates may face permanent setbacks in an unequal job market.

**Is AI Really Killing Jobs—Or Just a Corporate Scapegoat?**

While AI adoption remains low outside tech and finance, some firms use it to justify hiring freezes amid economic uncertainty. NYU’s Robert Seamans argues AI implementation hurdles persist, but data gaps hide its true labor impact. As debates rage, workers must adapt—mastering AI tools may be the key to surviving the coming workplace revolution.

**Trump Touts Record Tariff Revenue—Here’s Where the Billions Are Going**

President Trump boasts about the US collecting $30 billion in tariffs last month—a 242% spike from last year. But where is all that money going? While Trump suggests paying down debt or issuing rebate checks, neither has happened yet. Meanwhile, businesses and consumers may feel the pinch as tariffs drive up costs.

**Trump’s Tariff Windfall: $100 Billion and Counting—But Who Really Pays?**

The US has raked in $100 billion in tariff revenue since April, but economists warn the economic fallout could outweigh the gains. Though Trump claims the funds could reduce debt or fund rebates, critics say tariffs may slow growth and fuel inflation.

**Are Tariff Rebate Checks Coming? What Trump’s $30 Billion Haul Means for You**

With tariff revenue tripling this year, Trump floats „rebate checks” for Americans—but experts warn it could widen the deficit. As businesses absorb higher costs, prices on everyday goods may rise, offsetting any potential benefits for consumers.

**Behind Trump’s Tariff Boom: How $100 Billion Is (or Isn’t) Helping the US Economy**

Record tariff revenue is shrinking the deficit, but economists say the trade-off could stunt GDP growth. While Trump touts financial gains, businesses face rising costs—and consumers may soon see higher prices on imports.

**Did Hungarians, Finns & Estonians Originate in Siberia? DNA Study Reveals Surprising Roots**

A groundbreaking study reveals modern Hungarian, Finnish, and Estonian speakers share deep Siberian ancestry, tracing back 4,500 years to the Altai Mountains. Researchers linked ancient DNA patterns to Uralic-speaking populations, but caution genetics alone can’t confirm language spread.

**Ancient DNA Unlocks Migration Secrets of Uralic Speakers**

Scientists analyzed 180 ancient Eurasian genomes, finding a unique Siberian genetic signature in Uralic-speaking groups like Finns and Hungarians. The study suggests this ancestry spread westward—possibly alongside early Uralic languages—but experts note language and genes don’t always align.

**Were Bronze Age Siberians the Ancestors of Finns & Hungarians?**

New research ties a 4,500-year-old Siberian group to modern Uralic speakers through shared DNA, but debates remain on how language spread. While genetics reveals migration, archaeologists warn against equating DNA with linguistic identity in ancient populations.

**Siberian Ancestry Found in Finnish, Estonian & Hungarian DNA**

A Nature study identifies a Siberian genetic marker in Uralic speakers, hinting at a prehistoric migration from the Altai region. However, experts emphasize that ancient multilingualism complicates tracing language origins through DNA alone.

**”I applied to Meta 7 times before landing my dream job at Instagram—here’s how I finally got in”**

Dawn Choo shares her journey of persistence, taking a 40% pay cut, and overcoming rejections to secure her ideal role. After multiple failed attempts, she refined her skills and leveraged leadership experience to stand out. Her story proves career pivots and self-bets can pay off—even if it takes years.

**”How taking a 40% pay cut helped me land my dream job at Instagram”**

Dawn Choo left finance for a lower-paying tech role at Amazon—a risky move that eventually led to her dream job at Instagram. She automated tasks, earned a promotion, and improved her interview skills to finally break into Meta. Her advice? Bet on yourself, even if success takes time.

**”From finance to Facebook: How I got my dream job at Instagram after 7 rejections”**

Dawn Choo’s career journey included an internship rejection, a finance detour, and a major pay cut before joining Instagram. By refining her skills and leading a key project, she turned setbacks into success. Her story shows perseverance and strategic risks can unlock big rewards.

**North Korean IT Worker Reveals Secret Scheme Funding Regime**

A North Korean defector, Jin-su, exposed how he earned thousands monthly for the regime by using fake IDs to secure remote IT jobs in the West. He told the BBC that 85% of his salary was sent back to Pyongyang, part of a global scheme generating millions annually. The operation boomed during the pandemic, with workers often hacking employers or stealing data. Authorities warn the scam is growing, with recent US indictments targeting North Koreans in IT fraud.

**How North Korean IT Workers Secretly Fund the Regime**

Jin-su, a defector, revealed how he used hundreds of fake identities to land remote IT jobs, sending most of his earnings to North Korea’s sanctioned regime. He described a sophisticated network of workers posing as Westerners, often targeting US firms for higher pay. UN reports estimate the scheme brings in up to $600M yearly, with some workers even hacking employers. Experts warn remote hiring makes it easier for these operatives to evade detection.

**Exclusive: North Korean IT Scam Funds Nuclear Program**

A rare interview with defector Jin-su exposes how North Korea secretly deploys IT workers abroad to fund its regime through fraudulent remote jobs. Posing as Westerners, these workers earn thousands monthly, with most wages funneled back to Pyongyang. The UN confirms the scheme generates hundreds of millions, while cybersecurity firms report rising cases of North Koreans infiltrating global companies. Some workers have even been indicted for hacking and extortion.

**North Korea’s Hidden IT Army Exploits Remote Work Boom**

Defector Jin-su reveals how he and thousands of North Koreans were sent abroad to scam Western companies through fake IT jobs, sending earnings back to the regime. Remote work made the scheme thrive, with workers using stolen identities to bypass sanctions. Cybersecurity experts warn of increasing cases, with some North Koreans hacking employers or stealing data. A recent UN report estimates the operation brings in up to $600M annually for Pyongyang.

**Karlovy Vary Film Festival 2024 Winners Announced – Czech Doc „Better Go Mad in the Wild” Takes Top Prize**

The 59th Karlovy Vary International Film Festival crowned Miro Remo’s Czech-Slovak documentary *Better Go Mad in the Wild* with the Grand Prix – Crystal Globe. Over 128,000 tickets were sold for screenings, solidifying the festival’s place between Cannes and Venice. Iran’s *Bidad* won the Special Jury Prize, while Lithuania’s *The Visitor* and France’s *Out of Love* earned Best Director honors.

**Stellan Skarsgård Honored as Karlovy Vary Celebrates Bold Cinema**

Swedish icon Stellan Skarsgård received the Crystal Globe for Outstanding Artistic Contribution at the 2024 Karlovy Vary Film Festival. The festival also awarded Vicky Krieps, Dakota Johnson, and Peter Sarsgaard with the President’s Award. Meanwhile, Bangladesh’s *Sand City* triumphed in the Proxima competition, praised for its haunting, poetic storytelling.

**Karlovy Vary 2024 Highlights: From Czech Gems to Global Standouts**

The Karlovy Vary Film Festival wrapped its 59th edition with Czech documentary *Better Go Mad in the Wild* winning the Grand Prix. Iran’s *Bidad* and France’s *Out of Love* also shined, while Stellan Skarsgård and Dakota Johnson were among the honorees. The festival, a key stop between Cannes and Venice, drew over 128,000 attendees.

**Audience Favorite & Rising Talent Shine at Karlovy Vary 2024**

Czech film *We’ve Got to Frame It!* won the Právo Audience Award at Karlovy Vary 2024, while emerging talents like Mahde Hasan (*Sand City*) and Nathan Ambrosioni (*Out of Love*) took home top honors. The festival, running July 4-12, showcased 108 features and celebrated global cinema’s boldest voices.

**American Airlines expands European routes with new daily Miami-Milan flight starting 2026**
American Airlines is launching six new international routes, including a year-round Miami-to-Milan flight, plus seasonal European and South American routes from Dallas and Philadelphia. The Miami-Milan service, operating on a Boeing 787-8 Dreamliner, begins March 2026, complementing existing Rome flights. Tickets for all new routes go on sale August 11.

**Florida travelers gain direct access to Milan as American Airlines adds European routes**
Starting March 2026, Miami travelers can fly daily to Milan on American Airlines’ new year-round route, part of six new international flights for summer 2026. Seasonal routes from Dallas and Philadelphia include Athens, Zurich, Budapest, and Prague. The airline aims to meet high demand for European travel with expanded premium options.

**American Airlines boosts 2026 summer travel with new Miami, Dallas & Philadelphia flights**
American Airlines announced six new international routes, including Miami’s first year-round flight to Milan and seasonal European routes from Dallas and Philadelphia. The expansion responds to growing traveler demand, with tickets available starting August 11. The Miami-Milan route begins March 29, 2026, on a Boeing 787-8 Dreamliner.

**Federal funding for asylum seeker hotels ending in September, leaving hundreds scrambling for housing**

Canada is winding down its temporary hotel housing program for asylum seekers, with IRCC confirming funding will cease by September 30, 2025. Over 15,000 claimants have transitioned to independent living, but 485 remain in hotels amid a strained shelter system. Advocates warn the move could leave vulnerable individuals without stable housing in high-demand cities.

**Asylum seekers face uncertain future as federal hotel funding nears its end**

IRCC says it will help nearly 500 asylum seekers still in hotels find long-term housing before funding expires this fall. With shelters at capacity and affordable housing scarce, experts fear many could end up homeless. The government insists the program was always temporary, but critics argue more support is needed to prevent a crisis.

**Canada’s asylum system under pressure as hotel housing program set to expire**

With federal funding for asylum seeker hotels ending soon, advocates warn of a looming housing crisis in cities like Toronto and Montreal. IRCC claims asylum claims have dropped by 40%, but experts question whether provinces can handle the burden. Community groups, already stretched thin, say they can’t fill the gap long-term.

**Shelter shortages loom as Canada phases out asylum seeker hotel program**

As IRCC prepares to end hotel housing for asylum seekers, municipal shelters brace for increased demand amid an already dire housing shortage. Advocates say the move risks leaving vulnerable individuals without safe shelter, while Ottawa maintains the program was always a temporary solution. Experts urge long-term housing strategies to prevent homelessness.