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Forbes (March 22)

2020/ 03/ 22 by jd in Global News

“The most unique aspect to this market crisis is the sheer speed of the decline. The S&P 500 has dropped 30% in a month, in the crisis of 2008 a 30% drop from the market’s high took almost a year. If 2008’s decline was a Toyota Camry, this decline is a Ferrari.”

 

The Economist (May 20)

2017/ 05/ 22 by jd in Global News

The WannaCry attack reads like the script to “a Hollywood disaster film.” Even though it had a relatively happy ending, “the incident rammed home two unpleasant truths about the computerised world. The first is that the speed, scalability and efficiency of computers are a curse as well as a blessing.” Digital data “can be sent around the world in milliseconds,” both a blessing and a bane. “The second unpleasant truth is that opportunities for mischief will only grow.” As we embrace the internet or things, vulnerabilities will multiply “as computers find their way into everything from cars and pacemakers to fridges and electricity grids.”

 

Chicago Tribune (February 27, 2014)

2014/ 03/ 01 by jd in Global News

“Even if climate change turns out to be overblown, there’s no real downside in a carbon tax. We merely would have traded a tax that reduces good things, such as work and investment, for a tax that reduces bad things, such as environmental harms and hazards. If done in a revenue-neutral way, it would more likely speed economic growth than slow it.”

 

Wall Street Journal (July 15)

2013/ 07/ 17 by jd in Global News

“India’s state-run telephone company delivered its last telegram on Sunday. We are told an era is ending, as if mankind’s desire to communicate isn’t ageless.” For 163 years, telegrams served a purpose in India, but e-mail, SMS and Twitter are increasingly filling the need. Bharat Sanchar Nigam Limited had been losing approximately $23 million annually on telegrams since volume dropped to 5,000 daily “from 160,000-odd before smart phones and email.” In the U.S., Western Union eliminated telegrams in 2006 for similar reasons. Ironically, the short Twitter format of “140 characters pushes the limits of verbosity in a telegram,” but of course at greater speed and zero cost.

 

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