A Different Kind of Math Tutor

Research on how people think results in cognitive tutor programs that help kids do better in math. Findings Algebra class may be less difficult and a bit more fun these days, thanks to research on how human cognition works. Developed over two decades by psychologist John Anderson, the Adaptive Character of Thought (ACT-R) theory is a framework for understanding how we think about and attack problems, including math equations. The theory reflects our understanding o human cognition based on numerous facts derived from psychological experiments. ACT-R suggests that complex cognition…

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Finovate Capital: A bridge to finance post-lockdown

Co-founders of Finovate Capital Aljo Joseph (left) and Akshat Birla are set for a busy business cycle in the coming months Image – Aljo Joseph: Sharon Joseph; Akshat Birla:Sheetal Birla In early May and after four months of deliberations, fintech company Finovate Capital finalised a multi-billion dollar deal with the Indian arm of European tyre maker Continental. The Covid-19 lockdown influenced the way the deal was sealed by Finovate’s co-founder and chief business officer Aljo Joseph and its chief product officer Pavan Matai, a former banker at RBL Bank: Through…

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Life of a finance head in the time of COVID-19 in Wallonia

Akash Ohri moved to the Seraing municipality in Liege province of Belgium as the Financial Controller for the industry sector at industrial machinery manufacturer John Cockerill Group in July 2019. The group, having a turnover of 1.3 billion euros, has five verticals and the industry sector is one of them. For Ohri, this move from India to Belgium was a transfer within the company because of a shuffle of responsibilities. Ohri is a board member of the Indian subsidiary CMI Industry Automation and the Chinese joint venture Cockerill Engineering Beijing…

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Buying a car during COVID times? Avoid special financing schemes

April was a disastrous month for car makers, as sales were almost nil for most of them. Many car manufacturers have now rolled out schemes to attract buyers. Then, there are discounts and exchange offers too. Should you buy a car by taking such financing schemes, discounts and exchange offers after the lockdown and are they worth it? Naveen Kukreja – CEO and Co-founder, Paisabazaar.com says, “While opting for any of these finance schemes, the customers need to remember that the overall interest cost of these loans would be higher…

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David Stockman says coronavirus is sparking a financial crisis, warns ‘Wall Street is toast’

Main Street may be more resilient than Wall Street during the coronavirus crisis. Former Office of Management and Budget director David Stockman warns the pandemic is exposing risky speculation and shaky market fundamentals. “Wall Street is toast,” he told CNBC’s “Trading Nation” on Thursday. “It’s going to end as a financial crisis because the illusion that central banks always have your back and the economy would keep expanding and growing forever and ever … was complete nonsense.” Stockman, who served under President Ronald Reagan, has been forecasting an epic market…

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How Israel Became A Technology Startup Nation

The State of Israel has welcomed the opportunity to self-style itself as a technology startup nation. Scotland coined the term Silicon Glen to denote its tech growth zone just outside Edinburgh and beyond, Utah has Silicon Slopes and Dubai has Silicon Oasis. Logically enough then, Israel went for Silicon Wadi as the term to symbolize the location of its tech business hub, with the term ‘wadi’ meaning dry desert river bed in Arabic and colloquial Hebrew. But why should Israel have shown its mettle in the tech market? What drove this region…

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Copilot is a subscription personal finance tracker aiming to kill Mint

When Intuit acquired Mint more than a decade ago, mobile was in a different place — as were tech-enabled financial services. There hasn’t been much progress for the personal finance tracker app category in the meantime. Mint has stumbled along with integration issues and tiresome data misclassifications. For many, the best alternative has been firing up a spreadsheet. Copilot is a new personal finance-tracking app from a former Googler that seems like it could garner a following based on its slick design and ease of use. The subscription iOS app lets…

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How to lose a technology cold war: Restrict visas

Last week, China’s education ministry issued a warning to students: if you’re thinking about studying in the United States, you might want to think again. Citing a rise in visa delays and refusals, officials called on students to adjust their “risk assessment” of pursuing an American education. While it might be tempting to dismiss the statement as a propaganda ploy amid a deepening trade conflict with China, the fact is that the Trump administration has taken steps that restrict Chinese students and researchers from coming to the United States, putting the…

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Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

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Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

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