Number of words: 355 Trivers treated a parent animal as if it were a rational agent calculating what economists call the ‘opportunity cost’ of an action. A parent has to pay costs of rearing each offspring. Among these costs might be food, including time and effort spent gathering it, time spent protecting the child from … Read more
Number of words: 2,716 In a weedy field 35 miles west of Chicago squats a tidy red-brick building with a peaked roof, about the size of a one-car garage. Against the eastern wall, reaching just above the roofline, are poles equipped with small dish antennas that send microwave signals to and gather them from financial … Read more
Number of words: 407 The rise of fintech has the potential to extend the benefits of financial inclusion to millions of people but also poses complex regulatory challenges, says a new UN-backed report which also questions the value of the increasingly popular sandbox approach. In a report for the UN Secretary-General’s Special Advocate for Inclusive … Read more
Number of words: 2,729 SINGAPORE: Last year, a man-versus-machine showdown took place in the United States. 20 top corporate lawyers from across the country were pitted against an artificial intelligence (AI) software developed by legal technology firm LawGeex, where they reviewed and approved everyday contracts over a period of two months. The results were astounding. … Read more
Number of words: 3,521 “An investment in knowledge pays the best interest” … reads the banner hanging on the wall of a mammoth building, just across the street from my office. This quote is by Benjamin Franklin, one of the founding fathers of the United States of America. During a British Airways flight from London to Washington DC in January … Read more
Number of words: 352 In the process, Dataism inverts the traditional pyramid of learning. Hitherto, data was seen as only the first step in a long chain of intellectual activity. Humans were supposed to distil data into information, information into knowledge, and knowledge into wisdom. However, Dataists believe that humans can no longer cope with … Read more
Number of words – 906 Why do workers in the financial industry get paid so much? There are many possible explanations, none of them completely satisfying. The financial industry commands a much larger share of the U.S. economy than in the past, causing some to worry that the industry gets more money than its economic … Read more
I have already argued that private enterprise in a so-called advanced society derives very large benefits from the infrastructure – both visible and invisible – which such a society has built up through public expenditure. But the public hand, although it defrays a considerable part of the cost of private enterprise, does not directly participate … Read more
Ernest Bader started the enterprise of Scott Bader Co Ltd in 1920, at the age of thirty. Thirty-one years later, after many trials and tribulations during the war, he had a prosperous medium-scale business employing 161 people, with a turnover of about Pounds 625,000 a year and net profits exceeding Pounds 72,000. Having started with … Read more
‘Such property may be called passive property, or property for acquisition, for exploitation, or for power, to distinguish it from the property which is actively used by its owner for the conduct of his profession or the upkeep of his household. To the lawyer the first is, of course, as fully property as the second. … Read more
Copyright © 2022 Bulls Eye - All rights reserved