The Banks Are Re-Tranching
A bank is a special kind of company because of its funding model. Compared to normal companies, banks:
Those facts — the funding model, lots of short-term borrowing that the counterparties treat as approximately risk-free — are what make a bank a bank.
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CNET
an hour ago
- CNET
I Used ChatGPT to Plan a Career Pivot, and Found It Empowering
The future of work, and the very concept of a career, is on shaky ground. While technologists and business leaders prophesize over the most likely economic impact of AI, workers are left wondering where their place and purpose will be in the decade ahead. With a tough job market, the cost of living, the rise of AI and global uncertainty, it's a good time to contemplate your career. You can do this with the help of an AI chatbot, which can talk through your options and come up with a plan. If you can't handle another week of Sunday scaries, you're experiencing a career calling in another direction or simply want a backup plan if robots take over, use ChatGPT as a brainstorming buddy. You can also chat through how to negotiate a raise, write a cover letter and resume, find a new job and use it as a career coach. Career change, here I come This exercise isn't for a role shift or moving around within the same industry. Rather, it's to help guide your thinking if you're considering a complete career change. Quick caveat: Don't make any important life decisions using only AI. Sit with the chatbot's suggestions, talk to the people in your life, do your own research and ponder on what a new profession might look like. While I'm happy with my job as a freelance writer (yes, even in the age of AI), I'll use myself as an example of how to walk through the process. According to the World Economic Forum, there will be 92 million displaced jobs, but 170 million new jobs in the next decade. Meaning the next era will be more about career changes than job losses. I downloaded the 290-page document so I could upload it into ChatGPT to interpret and use in its career shift suggestions. You want to pick lucrative career paths that are on the rise, not in decline. Log into ChatGPT so it has all the context about you from any previous times you've used it for questions or advice. You might need to feed it more information about your interests, goals and life vision, though. If you tried the "dream day in the life" trend, this is good information to use. You likely have more of an idea about what you want to do with your life now than you did when you were 18. Use your life experiences and learnings to guide ChatGPT. If you have an idea of the area you'd like to move into next, tell ChatGPT. If not, start here: "I'm currently a [role] at [company] and have been working in [industry] for [number of years]. I'm interested in [X], [Y], [Z]. What are some different career paths and industries that could be suitable? Use everything you know about me, as well as this attached report to identify lucrative career options." For me, ChatGPT provided some writer-adjacent career options, like a communications director, policy writer, workshop facilitator or marketing manager. These were still within the communications realm, so I had to specify in my second prompt that I was looking for a complete career change. But I didn't love what it suggested: ChatGPT/Screenshot by CNET I told ChatGPT that I'd be willing to upskill and get another degree. It came up with a behavioral scientist, human-centered AI ethicist, a role in urban design and policy, and a mental health innovator. All of these roles were still very "techy" and not really what I'd be into. I gave that feedback to ChatGPT. While the non-tech, high-demand job suggestions were a little closer, nothing excited me. ChatGPT kept trying to push me into sustainability and education. Two noble paths, but neither light me up. New career suggestions This time, I told ChatGPT that I have a growing interest in women's health and fertility, after going through IVF. I asked: What are some lucrative, fast-growing career paths in this sector? ChatGPT/Screenshot by CNET ChatGPT laid out a few possible paths, with training options and earning potential. For example, a fertility coach, patient advocate, policy advocate, head of content for a fertility brand, editorial director for a women's health publication or founder for a women's health venture. ChatGPT/Screenshot by CNET Now we're talking! Next, I said I'd slowly transition into this field over the next five years and would be happy to do more study, then asked for more recommendations and a timeline to work toward. Here's the suggested roadmap: ChatGPT/Screenshot by CNET ChatGPT/Screenshot by CNET I asked ChatGPT to tweak the timeline, based on a few changes, and it gave me another updated five-year transition plan. While the plan wasn't perfect, it was 80% there. ChatGPT gave me ideas I hadn't thought of and provided some pretty convincing stats, like what the fastest-growing job categories will be, predicted employment rates, wage potential and median salary. This was an empowering exercise that everyone should do. It's always good to have a plan B in place. Remember you'll probably have to hold the AI chatbot's hand before it will reach the right path for you -- and then it'll be able to give you ideas and information on what you need to do to get the rest of the way there. Just make sure you also talk to some real people before committing to anything.
CBS News
an hour ago
- CBS News
How a new airline seat from Colorado lab could change your next flight, "game changer" for wheelchair users
New airline seats from a lab in Golden could change the way people travel by plane. The new design from Molon Labe Seating in Golden is called the Freedom Seat and aims to make flying more accessible for people with disabilities. Meln Labe Seating CEO Hank Scott CBS These new chairs can slide on top of one another and lock in to allow wheelchair users the space to fly in their own chair, all without taking up any additional space for other passengers. Right now, when wheelchair users board a plane, many have to transfer to an aisle seat and check their personal wheelchairs. This can be hard for the passenger, the employees, and can result in airlines damaging thousands of personal wheelchairs every year. In fact, the American Association of People with Disabilities has stated in the past that "an estimated 1 in 10 disabled people do not fly because of fear of damage to their equipment." Curtis Wolff is paralyzed and has experienced many of those frustrations himself when he travels in his motorized wheelchair to get around. "I'm pretty limited when I can do it, I really plan for a lot of extra cost, a lot of extra hassle," Wolff said. Wolff says he travels fairly often, but not every airline or airport is all that accommodating. "They don't have the equipment to do transfers like a lifting sling. They say they know how, but they're always in such a big hurry that they don't take care, they basically treat you like a sack of potatoes," Wolff said. Once, Wolff said he was physically stuck at the gate after landing when his checked chair was damaged during his flight. "They disconnected the controller wire. They had no idea how to put it back together. So there I am, waiting for someone to come in," Wolff said. CBS Now, Meln Labe Seating CEO Hank Scott is hoping he can help solve that problem with the new Freedom Seat. "What we offer is the ability to convert the double [seat] into a single, and then park a wheelchair and secure the wheelchair right next to a passenger," Scott demonstrated. Wolff then came with CBS Colorado to Molen Labe Seating to be the very first person to try it out. "We basically unlock it, slide it across. This is still a fully functioning seat now, Kurt can actually move back and into his spot where we can secure him," Scott said. Wolff's wheelchair would then be secured to a plate underneath the floor to be strapped in. Scott shared that airline seats are the most expensive real estate in the world, so he emphasized that this solution doesn't take up any more space than the seat next to it. In fact, when the Freedom Seat slides together, it also gives the seated passenger a bit more height, which means more leg room. This new system also no longer requires Wolff to check his wheelchair. Wolff explained that this solution would help bring some feeling of normalcy and reliability to his flying experience. "These are my legs, and there's no instant repair of wheels or armrests or things like that. So there's a whole lot of other stuff that'd be saved, besides just the convenience of staying in my own chair," Wolff said. Hank Scott and Curtis Wolff talk with CBS Colorado's Sarah Horbacewicz. CBS Scott has worked on this design for years, and most recently worked with graduate students at CU Boulder for months to review and complete the product. Scott said the seat's functionality was designed to be simple so that flight attendants would be able to help passengers board easily. And because the seat does not take up any extra space that a first or business class seat, Scott explained that airlines can put in as many Freedom Seats as they want on a flight without necessarily restricting other passengers. "You can do several rows. So you could have an entire, just say, a disabled basketball team. You could have the whole team on one plane. There's no limit, really," Scott said. Molon Labe Seating is already in talks with Boeing and other airlines to get the seat in planes. And while Wolff may have been the first to use this chair, he hopes not to be the last. "I would like the executives to spend one day in my chair," Wolff said, "Little inconveniences are major for me, and a little convenience like this is huge. It's a game changer." And the Freedom Seat isn't the only product Scott is pitching to airlines, as he's already made a product that gives the middle passenger the biggest seat in the row. He's hoping airlines will hop on board in the next few months.
Bloomberg
an hour ago
- Bloomberg
Michael Saylor Says He Welcomes Competition From JPMorgan
Strategy Executive Chairman Michael Saylor says he welcomes competition from JPMorgan and hopes they enter the space. He speaks with Katie Greifeld and Matt Miller on 'Bloomberg Crypto.' (Source: Bloomberg)
