Chile: Strong Recovery After Devastating Earthquake

On February 27, 2010 Chile suffered an earthquake with magnitude of 8.8. The reconstruction costs were estimated in $30 billions. 

But the economy recovery began in the second quarter of 2010 after a short contraction; with the idea to reduce structural deficit , improving the financial system and productivity reforms to a long-term growth.

The public savings accumulated before the global crisis helped support an early recovery of economic activity. 

To achieve this goal, temporarily increase taxes, and carry out some additional borrowing. Also, Chile placed 10 year bonds with the worth of $1 billion and in "pesos chilenos" a debt with a worth of $500 million at a 5.5 % of interest rate in international financial markets.

Monetary policy is strong, as the market expects inflation to gradually decline to the target within the 24 month policy of the central bank.

The earthquake had a temporary impact on credit risk in the affected zones, as indicated in the financial stability report of the central bank. However, this effect is being offset by the economic activity and lower unemployment.

IMF agreed with the authorities that replacing the severance payment system with a more unemployment insurance scheme could help increase investment in education and on job training.

Questions:

1.- When the earthquake struck Chile, and what was its magnitude?

2.- How much the price of its reconstruction was estimated?

Tay, Microsoft’s new Artificial Intelligence 

Tay is a chatbot on Twitter, Kik and GroupMe, that can respond with emojis, GIFs, and abbreviated words. This was disabled 24 hours of coming online after it launched, because its racist tweets, feminists and neo-Nazi comments .

Tay was programed like a machine learning project with conversational understanding, that learn how people talk to each other and get itself a smarter progress. But some users abused of Tay's commenting skills, and responded in inappropriate ways. As a result  we can see comments like this in the network:

Also Microsoft is improve this chatbot, taking care about Tay’s Tweets as an example of the dangers of artificial intelligence.

In my opinion we should worry about what happened with this artificial intelligence, because as more developed are robots, can go against their creator, leaving a side the three principles of robotics, this is just a small example of what can do technology into the wrong hands. We must also consider that this was caused by many people with bad intentions; because if we know that this tool depends on our teaching, we should start teaching it what is respect, equality and justice; because we would be in serious trouble if we were talking about a more advanced robot or a military smart weapon.

My Future Dreams

After I graduate of highschool, I will work in my father's company. When I work with my father, I will follow his steps  continuando con la administracion de the familiar company. I may earn a lot of money before I turn 25 years old. I will study in the university while I work for achive my goals. As soon I become an architect, I will get  masters to become a good professional. As soon I earn enough money, I will expand my company. Before my dreams come true, I might get married and have a family.