Davos is dead, and the coronavirus killed it - by Felix Marquardt (Financial Times)
tag > Economics
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“Never underestimate the power of stupid people in large groups.” ― George Carlin
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"Great resignation" wave coming for companies (Axios)
"Surveys show 25% to upwards of 40% of workers are thinking about quitting their jobs."
#Comment: A core of capitalism - the corporation - is collapsing from within. This industrial age model of organization is being rapidly superseded by new forms of human-to-human relationships, that are less militaristic and far more dynamic. Good riddance! A somewhat related trend is the ongoing collapse of the nation-state and its institutions.
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Free Your Mind... and Your Ass Will Follow
This is a placeholder post for all current news (about pandemics, politics, economics, wars, etc.). In a nutshell, 'It's all bullshit, folks and it's bad for ya', as George Carlin once put it. The level of insanity, stupidity, dishonesty and maliciousness is currently so high, that it is the duty of any sensible person to consciously tune-out and direct ones attention to more sane, important, productive and joyful issues. Enjoy life today - it's precious and short.
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Everything that is wrong with the western "progressive" design community in one tweet.
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Leaks showing that US rich people pay no income tax. US authorities are investigating. They investigate how the leaks happened NOT that the rich people pay no income tax. Obviously.
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39% of all dollars created in the entire history of the USA happened in the last 12 months.
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Commodity prices over last year…
- Lumber: +265%
- WTI Crude: +210%
- Gasoline: +182%
- Brent Crude +163%
- Heating Oil: +107%
- Corn: +84%
- Copper: +83%
- Soybeans: +72%
- Silver: +65%
- Sugar: +59%
- Cotton: +54%
- Platinum: +52%
- Natural Gas: +43%
- Palladium: +32%
- Wheat: +19%
- Coffee: +13%
- Gold: +3%
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Linus Torvalds on Money & Motivation
"Money really isn't that great of a motivator. It doesn't pull people together. Having a common project, and really feeling that you really can be a full partner in that project, that motivates people, I think." - Linus Torvalds Reflects In New Interview on Linux's Earliest Days
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Untold History of AI: The DARPA Dreamer Who Aimed for Cyborg Intelligence - J.C.R. Licklider’s proposals for “man-machine symbiosis” led to the invention of the Internet
"A monopoly on the means of communication may define a ruling elite more precisely than the celebrated Marxian formula of monopoly in the means of production." - Robert Anton Wilson
#Technology #Augmentation #Robot #ML #History #Politics #Economics #Philosophy
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Western institutions, networks and culture are rapidly collapsing - the signs are all around us.
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At what point will the general public start to call the situation World War 3?
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Global chip supply chain increasingly vulnerable to massive disruption, study finds (reuters)
About 75% of semiconductor manufacturing capacity, as well as many suppliers of key materials—such as silicon wafers, photoresist, and other specialty chemicals—are concentrated in China/East Asia, a region significantly exposed to high seismic activity and geopolitical tensions. All of the world’s most advanced semiconductor manufacturing capacity—in nodes below 10 nanometers—is currently located in South Korea (8%) and Taiwan (92%).
These are single points of failure that could be disrupted by natural disasters, infrastructure shutdowns, or international conflicts, and may cause severe interruptions in the supply of chips. If Taiwan were unable to make chips for a year, it would cost the global electronics industry almost half a trillion dollars in revenue, the report found: “The global electronics supply chain would come to a halt.”
Related: The Chip Wars of the 21st Century - by Steve Blank
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Hybrid Warfare News
The Evergreen ship that blocked the Suez Canal after navigating an “up yours” sign - Chip-starved automakers shudder at Renesas plant's 1-month halt (nikkei)
- Texas Power Failures Shut Chip Factories, Squeezing Tight Supply (bloomberg)
- Why the World Is Short of Computer Chips, and Why It Matters (wp)
- Indonesian oil refinery fire: Hundreds evacuated from Balongan village (NZherald)
- Massive Explosion Hits Balongan Oil Refinery in Indonesia (sputniknews)
- Dozens killed in besieged Mozambique gas town (reuters)
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How have taxes on top earners changed since 1979? Chart from Minouche Shafik's new book.
