Check out this video of North Koreans bereaving the loss of Kim Jong Il. (HT to Business Insider) Yes, it is unbelievable. When you get to 1:20 of the video, watch the kids in the background look around as if it say – “I guess we should do what everyone else is doing.” Throughout the video,… [Read more…]
December 12, 2011
In their paper – Cooperation, structure and hierarchy in multiadaptive games – Sungmin Lee, Petter Holme and Zhi-Xi Wu write: To epitomize, our work shows a generalization of spatial social dilemma models where hierarchies can emerge in a cooperative state. In our framework, these hierarchies need stable cooperating hubs to persist. In this sense, the… [Read more…]
November 28, 2011
James Altucher, who wrote that Pearl Harbor caused the financial crash of 2008. Does that make the international hopes of Chinese consumer spending growth the signal the upcoming event horizon? With the global economy fighting the doldrums: The European PIIGS (and everyone thought the Euro would replace the US Dollar as the global currency) Downward revisions of… [Read more…]
October 28, 2010
From BusinessInsider today: http://www.businessinsider.com/19-countries-most-likely-to-default-2010-10#19-croatia-1 Over 50% of the top 19 are in Europe, many of which are former Soviet-bloc/Soviet Republics.
October 26, 2010
A Bloomberg article today reports the view that Greece will assuredly default on their sovereign debt within three years. Serendipitously, from my reading of “This Time is Different” by Carmen Reinhart and Kenneth Rogoff: In the modern era, however, the idea of using gunboat diplomacy to collect debts seems far-fetched (in most cases). The cost-benefit… [Read more…]
October 24, 2010
Who knew my Sunday morning coffee with the week’s recordings of The Charlie Rose Show would include culinary genius Robert Reich, former Labor Secretary under Bill Clinton? Reich just published his book “After Shock.” While I typically don’t agree with Reich on policy, he made several excellent arguments and one-liners about economic decisions ahead: The… [Read more…]
September 27, 2010
About a year ago, I picked up a copy of Andrew Ross Sorkin’s “Too Big to Fail” and wrote about it here. Sorkin was back on the Charlie Rose show a couple weeks ago discussing more concepts on debt, but how it applies to public debt – are countries too big too fail? Given the… [Read more…]
November 27, 2009
(Note: My thoughts on this aren’t completely formed, but I felt it important to record as a start to the formalization process…)Trolling through TED.com, I came across Jay Walker’s presentation about his Library of Human Imagination. One of the artifacts he displayed during his talk was a Gutenberg Bible (about 90 seconds into the video)… [Read more…]
August 7, 2009
I came across this presentation Paul Romer, Stanford economist (and a former employer). He discusses the idea of creating “Charter Cities” in developing countries that would enable the local population to choose migration and participation in the Charter City while providing a motive of profit for international firms to set up shop. Using Hong Kong… [Read more…]
May 6, 2008
I came across an interesting article on TechCrunch that provides a straight-forward guideline to the categories of work visas available for foreigners seeking entrance to the US, especially those seeking employment in Silicon Valley’s technology sector. One of visa categories is the E2 visa – this visa is designed to permit entrance to the US… [Read more…]
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December 19, 2011
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