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Daily Archives: January 20, 2022

Charts: U.S Initial Jobless Claims Climbed Last Week to Highest Level Since Mid-October 2021

Source : Trading Economics

Charts: U.S. Existing Home Sales Dropped in December 2021

Source : Bloomberg and Trading Economics

Music Video: Goin’ Out Of My Head / Can’t Take My Eyes Off You

Chinese Company Names AI Debt Collector Employee of the Year

Jiang Yaling wrote . . . . . . . . .

Chinese real estate giant Vanke said its best employee of 2021 was not a human.

The company declared an artificial intelligence-powered debt collector named Cui Xiaopan as its employee of the year, Sixth Tone’s sister publication The Paper reported Tuesday, citing the company’s top executive. Developed by an in-house team using toolkits from Xiaoice, an AI system owned by Microsoft, Cui is depicted as a young woman and joined Vanke’s accounting department in February.

“Under the support of systematic algorithms, she quickly learned the methods of humans to discover problems in work procedures and data and has displayed her skills hundreds of thousands of times more than humans,” Yu Liang, chairman of the board of directors of Vanke, wrote in a social media post on Dec. 20, adding that Cui has a 91.44% success rate in collecting overdue payments.

China’s AI software market is escalating and is estimated to value around 23 billion yuan ($3.6 billion) by 2030, with “virtual humans” emerging as the most popular application, according to the market research firm International Data Corporation.

“Although the industry’s growth has been dampened by COVID-19, users’ awareness of AI and the technology’s applications are becoming more sophisticated, which will result in steady growth industry-wide,” the firm wrote in a 2021 report.

Before Cui, so-called virtual humans have previously been seen as a news anchor for the state-run Xinhua News Agency, a computer science student at the prestigious Tsinghua University in Beijing, and even a chat bot providing company to lonely men. The latter two projects were both supported by Xiaoice.

Source : Sixth Tone

Do You Feel Old? It Could Be Aging You

Amy Norton wrote . . . . . . . . .

People who believe their bodies and minds will break down with age may be creating a self-fulfilling prophecy, a recent study suggests.

Researchers found that older adults with a dim outlook on aging tended to report more physical health symptoms on days when they were stressed out than on less stressful days.

In contrast, people with more of a “golden years” perspective seemed to have some protection against daily stress: They actually reported fewer health problems on days where they felt more stressed than usual.

“We’ve known that there’s a strong relationship between perceived stress and physical health,” said lead researcher Dakota Witzel, a doctoral candidate at Oregon State University’s College of Public Health and Human Sciences, in Corvallis.

Numerous studies have found that when people habitually feel stressed-out they may eat poorly, skip exercise and have long-term consequences like high blood pressure and an increased risk of heart disease.

But the new findings, Witzel said, suggest that a brighter outlook on aging can be a buffer against the physical effects of daily stress.

That is not to say that people are to blame for their physical symptoms, she noted, or that anyone should ignore symptoms with a smile.

But people should be aware that their perceptions of the aging process may affect how they feel, and “reframe” that story if needed, according to Witzel.

The findings — published recently in the Journals of Gerontology Series B: Psychological Sciences — are based on 105 Oregonians aged 52 to 88. Over 100 days, they completed daily surveys on their stress levels and a range of physical symptoms — such as fatigue, aches and pains, shortness of breath and upset stomach.

At the outset, participants completed a standard questionnaire on attitudes toward aging. It asked whether they agreed with statements like, “As you get older, you are less useful.”

On average, the study found, people tended to report more physical symptoms on days where their perceived stress was higher than their personal norm.

However, it turned out that connection depended on whether people had a positive or negative outlook on aging: If it was the “glass half-empty” variety, high-stress days brought more physical symptoms. That was not the case for people with a more positive outlook on aging.

What shapes a person’s perceptions of aging? According to Witzel, throughout life, people “internalize” messages from the media as well as folks in their lives, consciously or not.

If your parents or grandparents remained upbeat and vibrant as they grew older, your ideas on aging are probably different from someone whose older relatives were riddled with health problems, or complained about aging.

But attitudes toward aging probably also reflect a person’s general disposition, according to James Maddux, a senior scholar with George Mason University’s Center for the Advancement of Well-Being, in Fairfax, Va.

“It seems like this is really getting at optimism versus pessimism,” said Maddux, who reviewed the findings.

That is, whether you “dread” or “celebrate” aging probably has a lot to do with how you see life in general. People who perceive the glass as half-full and have a sense of self-efficacy, Maddux said, are less likely to “catastrophize” physical symptoms and instead see them as manageable.

He noted that the study captured people’s subjective responses — their perceived stress and whether they sensed symptoms. And pessimistic people may be especially likely to feel stressed and be “hypervigilant” for physical symptoms.

So it’s not necessarily the case that a bad attitude toward aging is a cause of older people’s stress and symptoms. Instead, those tendencies likely co-exist in the same person, according to Maddux.

“It’s like a circle, so there’s no starting point,” he said.

But that’s good news, Maddux noted: “It means there’s more places to intervene.”

You cannot simply tell people to “be optimistic,” he said. But research shows that people can, for instance, learn to interpret physical symptoms differently — to refrain from a habit of catastrophizing.

Bodily pain is not solely a physical experience. And it’s important, Maddux said, to be aware that our mental states affect our pain perceptions and responses.

“The pain you feel is a signal from your brain,” he noted.

Maddux also encouraged people of all ages to recognize the link between pain and sedentary behavior. Making physical activity a lifelong habit can be a boon to physical and mental health.

Source: HealthDay

Chart: Inflation – What’s Rising in the U.S.

Source : chartr

Chart: China’s 2021 GDP Grows 8.1% on Low Base

The economy’s rapid recovery faded in the second half of the year amid power shortages and turmoil in the real estate sector, official data showed.

The annual growth figure easily met the government’s target of “above 6%” that was set in March. However, this was partly thanks to a low comparison base in 2020, when the economy was disrupted by Covid-19 and grew by a mere 2.2%.

For the fourth quarter of 2021, the year-on-year growth rate was 4%, data from the National Bureau of Statistics (NBS) showed. That was the slowest quarterly figure that year, compared with 4.9% growth in the third quarter, 7.9% in the second quarter and 18.3% in the first quarter.

Source : Caixin