Part of the Thought for the weekend series
Facebook is capping one of the longest weeks in American history by telling everyone that they are dead. Log on to your profile and there’s a good chance it will have a memorial banner sitting on top of it, urging your friends and family members to remember you. “We hope people who love Casey will find comfort in the things others share to remember and celebrate his life,” the banner reads, because I am dead. — Casey Newton, The Verge
It’s not a black swan event when it’s 50:50, the only reasonable way to approach this election is say 50:50, because the more volatility you have in the system the more you’ve got to treat probabilities as half half. And each person should be prepared for the consequences. Now let me tell you, I’ll tell you up front. I don’t have an insider view on the election because I’m not voting for any of the two major candidates. Out of ethics I’m going to vote for someone outside of these two. Because your vote should be according to your preferences not according to who you think will win. — Nassim Taleb, author of “The Black Swan” and “Antifragile”, CNBC Nov 3.
This paper focuses on the structure of mediatized discourses on the former Greek minister of finance Yanis Varoufakis, which are labeled Varoufakiology. Through a multimodal discourse analysis of cartoons and photographs, which have been collected systematically in social and mainstream media through hypermedia ethnography, it is argued that neolectal stylistic features, including body posture, clothing and negotiation style are the emerging themes that prevail in mediatized communication with and about Varoufakis.
Asked about any concerns about the course of Greek banks in case of Deutsche Bank collapse, Mr. Stournaras replied that “both the Greek system and the international one are protected. We have tools in our hands that we didn’t have a few years ago. “ He clarified that he is not worried about the international banking system and “this assured the prime minister.” –“Stournaras: the case of Deutsche Bank does not worry us”, September 29, 2016 (with some help from Google translate)
In 1789 the French revolution signaled to Europe and the rest of the world that monarchy was on its way out and new democratic age was beginning. Now, with Online Public Offerings made possible thanks to the JOBS ACT, Washio can raise capital directly from the public. So why did they not do it ? – from a Medium blog post by Howard Marks, executive chairman at StarEngine and co-founder at Activision/Blizzard.
In a sign of the style he was accustomed to as a wealthy investment banker, he deemed it “unacceptable” that a bartender at a Middle East hotel refilled his assistant’s cocktails with a shot of bourbon and left the “old orange peel and old ice” instead of supplying a fresh glass. – Globetrotting Obama official traveled in luxury. Taxpayers footed the bill. – The Washington Post
In one of the key speeches of his short Presidency, JFK in 1961 set an ambitious target: ‘I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to earth…we choose to go to the moon and do other things, not because they are easy but because they are hard.’ What challenge should we set for ourselves? As JFK was racing against the Soviets, we are racing against consequences of over leveraging and technological transition (all reflected in a new secular stagnation). One suggestion could be: ‘this world should commit itself to achieving the goal of colonizing Mars…we need to do it not because it is easy but because we have no choice as alternatives might be deglobalization, border closures, stagnation, communism, fascism, war or a combination thereof’. It is not as crazy as it sounds. Whilst JFK was facing the unpalatable prospect of Soviets conquering space, we are facing unpalatable consequences of ‘fiat money’ and the structurally and socially unacceptable consequences of what we describe as the new ‘age of declining returns on humans’. Essentially, we are awashed in capital and liquidity and as a result face an inexorable decline in return on capital in almost every area of the economy whilst also having to adjust to the rapidly changing nature of labour markets. If we have a surplus of capital and people, the answer is to export both to another universe, and what is a better and more constructive way of doing it then to explore space?
Jennifer Aniston is one of the millions of Americans who experience symptoms consistent with Chronic Dry Eye. Commonly referred to as Dry Eye, Aniston has revealed how the condition gets in the way of her daily life. In partnership with Shire plc (LSE: SHP, NASDAQ: SHPG), Aniston is encouraging people to make eye health a priority, and is raising awareness and understanding about Chronic Dry Eye symptoms, like the ones she experiences. She hopes to educate and inspire people to chat with their eye doctor about what’s really going on with their eyes. — Shire’s campaign to raise awareness of dry eyes.
I’m not going to job through everybody’s f***ing hoops. Bullsh*t from Maxwell that we’ve had to pay money to get bloody disproven because the code’s f***ing out there. I’m not doing this every f***ing time. I’m not going to sign every f***ing key I own in the world. I’ve got the first f***ing nine keys, I’ve got the f***ing genesis bloody block, I’ve got the f***ing code, I’ve got the f***ing papers. I’m not going to go through f***ing everything. I don’t really give a sh*t whether people like it. – Craig Wright in an interview with GQ, released by the magazine this week. (via Ars Technica UK)
I do like the simplicity of the one product. We’ll probably expand in time, though. Maybe people would cook more if they could do things a little differently. Maybe, functionally, a new ingredient would allow that. People are still using eggs and milks and bread. When were those invented? People upgrade their iPhones every couple of years but we’re still eating the same foods that our ancestors did. — Rob Rhinehart, inventor of Soylent meal-substitute gunk, enjoying Lunch with the FT
Wavelet transforms were invented for the purpose of analyzing time series data for which the mix of frequencies (power spectrum) may vary, and have come to be widely used in the fields of physics and engineering. One key application of wavelet analysis is identification of intra-cycle location, or distance to the next peak or trough. Applied to data for the USDJPY, this should provide us with some indication as to how long the yen might keep strengthening.
“I think it’s comprehensible why this happened: first, no one wants to feed and subsidise poorer economies, to support other states, support entire nations. […] Apparently the British people are not satisfied with the way problems are being solved in the security sphere, these problems have become more acute lately with the migration processes.” — Russian President Vladimir Putin’s take on Brexit.
MARK HOWARD QC: You were intending was that this would be a rigged auction where you would be assured the opportunity to win because you would have access to information which was confidential when no one else would have access to your information…? GUY HANDS: If we take the word “rigged” away, yes.
“When I began covering Bernie Sanders for The Huffington Post, my goal was to imagine what an equally accurate and reasonable and just master narrative sitting alongside the one promoted by the corporate media would look like. I wanted to write editorials that came from that master narrative, not the corporate one, because I believed then and believe still that the experimental journalism of the future will embrace the multi-dimensionality of metanarrative. Write that Sanders is in the midst of a competitive primary race enough times — and support those claims with unimpeachable elements of the totalized “Real” — and in time we collectively can see that that seemingly impossible metanarrative is every bit as powerful and present and perceivable as any other.” — Seth Abramson, columnist at The Huffington Post.
“It didn’t take long for the BitShares community to realize that funding projects today would cause a short-term fall in the value of BitShares. Unable to bear the short-term paper-loss and psychological impact of a lower market cap, people started electing proxies that would vote against all spending proposals.” — Lessons in decentralised autonomous organisations from Dan Larimer.