Despite what’s going on around the country as various states start to reopen, or the recent surge on Wall Street, the emails continue to come flying in. So we’ll keep doing what we’ve been doing, which is answering your coronavirus money related questions for the first hour.
Given all the headlines regarding racial inequality and injustice, we’re rerunning an interview we did back in 2017 with Cathy O’Neil, author of the New York Times bestselling book, Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy.
It’s such a fascinating read about how big data can be manipulated, infiltrate various parts of our lives and magnify the underlying inequality that exists in our economy.
From how teachers are measured to how policing strategies are developed to credit scores and health insurance, it’s going to blow your mind when you hear how algorithms (mathematical models), dictate so much of our day-to-day experiences.
But what happens when these models are opaque, unregulated and incontestable? Unfortunately, the already unlucky and struggling among us, get the short end of the stick.
What can individuals do about these unproven mathematical equations? As you’ll hear Cathy explain, it starts by asking some basic questions.
If you’ve been impacted by the pandemic, here’s a bunch of helpful links:
NYT F.A.Q. on Coronavirus Bill
Coronavirus State Unemployment Benefits Filing Info
Coronavirus Student Loan Information
Coronavirus Guide for Small Businesses
Coronavirus NYT Small Business Program Q&A
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.