With formalization projects, what we’ve noticed is that you can collaborate with people who don’t understand the entire mathematics of the entire project, but they understand one tiny little piece. It’s like any modern device. No single person can build...
First, it is one of the most beautiful cities and surrounding environs. I would put it on a par with Vancouver and Hong Kong and Wellington, New Zealand. Perhaps it is closest to Wellington. Second, it is far safer than...
Yves here. Attributing Modi’s underperformance in India’s recent elections to having not-great answers to the opposition successfully mobilizing on caste issues makes perfect sense…to outsiders. Can those who know India’s politics comment on whether this analysis is accurate, or too...
Conor here: While the after-the-fact advice from the following piece might be helpful, it sure would be better if our government could prevent this from happening in the first place. How is it possible that Magellan devices used for more...
Note: A previous version of this post mistakenly labeled Blackrock as a private equity company. It is an American multinational investment company. “We must be ready for war by 2029,” German Defense Minister Boris Pistorius declared last week before the...
Golden Billion years, gold (whop-whop-whop)Golden Billion years, gold (whop-whop-whop)Golden Billion years, gold (whop-whop-whop) Don’t let me hear you say life’sTaking you nowhere, Vladimir(Come, get up, Slavic baby)Look at that sky, life’s begunNights are warm and the days are young(Come, get...
Yves here. In my usual role as house skeptic, I have to pour a some cold water on Wolf Richter’s enthusiastic endorsement for running your own business and the generally hyping of being an entrepreneur as virtuous….for what I think...
By Elizabeth Svoboda is the author of “What Makes a Hero?: The Surprising Science of Selflessness.” Originally published at Undark. Carl Elliott, in his own estimation, is a gutless wonder. When the University of Minnesota bioethicist was a medical student,...
Yes! From Rashed Ahmed and Menzie Chinn, just published in the Journal of Money, Credit and Banking. This paper was previously discussed in this post; the revised (August 2023) version is here. The foreign term spread (vs. US) is shown...
