Tag: Market Competition
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Revamping Credit Scoring: Can Open Source and Transparency Break the FICO Monopoly?
The dominance of FICO in determining creditworthiness has increasingly come under scrutiny, particularly given the opacity and rigidity inherent in its scoring algorithms. Many individuals find themselves at the mercy of a seemingly implacable system, with little understanding of what affects their scores. This lack of transparency feeds a cycle of financial instability, where individuals…
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The Drones Debate: Examining the DJI Ban in the US
The recent passage of the DJI ban in the House of Representatives, now heading to the Senate for approval, has sparked an intense debate. The bill aims to prohibit the usage of DJI drones, which dominate the consumer and professional drone markets in the US. Stemming from concerns over national security and economic competitiveness, this…