Levine: Dole Food had too many shares; “… a club where people pay you as president to spend time in his company is new. It is kind of amazing”; Grantham: ‘Twas capitalism that killed capitalism”; the BoJ and the ‘Piketty problem’; Florida man conspires to blow up Target stores to crash stock; what the HBOS fraud tells us about the state of British banking; training as a binary options salesman for a day; reflecting on one very, very strange year at Uber. And a response from Uber’s boss; Scott Alexander collates comment about his post on cost disease; Isis’s “business model” is on the path to failure; a comparative guide to Russia’s use of force; Texas pimps, in their own words; inside Macedonia’s fake-news complex; citations; other stuff.
Gavyn Davies on how Trump might reshape the Fed; DeLong vs Rodrik; the BoE on economic uncertainty in the euro-area; liquidity transformation and open-ended funds; deviations from covered interest rate parity refuse to go away; Balding continues his look at the possibilities of a Chinese financial crisis, and the who’s who of China’s leading small groups; decoding India’s low tax base conundrum; frontrun the world’s manufacturing caravans; shorting US malls; a longread on 4chan; a college course on calling out scientific crap; “Alien particles from outer space are wreaking low-grade havoc on personal electronic devices”; Venice fights back; on the etiology of f*ckers; other stuff.
Bill Gates wants robots to pay income tax to help protect human workplaces, slow the pace of technological disruption and (we presume) ease off the risk of revolution. But what’s a robot income tax than a corporation or wealth tax by another name?