Number of words: 376 The examination is a child of the industrial age. A democratic government must make note of this. Earlier heredity claimed its rewards. If one was born into patronage, he was privileged enough to claim the plums of office. It was only when industrialisation was born, that efficiency took over from privilege. … Read more
Number of words: 132 Unlike people on the East Coast, who all wear the same skinny jeans or pinstripe suits depending on their industry, young people in Mountain View and Palo Alto go to work wearing T-shirts. It’s a cliché that tech workers don’t care about what they wear, but if you look closely at … Read more
Number of words: 350 The airlines compete with each other, but Google stands alone. Economists use two simplified models to explain the difference: perfect competition and monopoly. “Perfect competition” is considered both the ideal and the default state in Economics 101. So called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand. Every … Read more
Number of words: 5,032 As some of you know I’ve just spent the past eight months as a model public servant on my very best behaviour: biding time, concealing opinions and strictly respecting the bureaucratic order. Now I get to go unplugged. Before doing so however I want to thank you very much for coming … Read more
Number of words: 1,496 Jeff Bornstein could not control his emotions. “I love this company,” began the tough-talking, hard-driving chief financial officer of one of the world’s most storied corporations. Then he broke down in tears. It was August 2017, less than a month after John Flannery, the brand-new CEO of General Electric, had taken … Read more
Number of words: 481 In 2018, Forbes listed Kylie Jenner, of Kylie cosmetics and reality TV fame, as one of the richest ‘self-made’ people in America. However, the (then) 21-year-old’s nomination stirred up a controversy about what the tag ‘self-made’ really meant. Many felt that considering she is part of the Kardashian clan and has … Read more
Number of words: 1,027 Lithium-ion batteries play a central role in the world of technology, powering everything from smartphones to smart cars, and one of the people who helped commercialize them says he has a way to cut mass production costs by 90% and significantly improve their safety. Hideaki Horie, formerly of Nissan Motor Co., … Read more
Number of words: 859 Shortly after George Floyd’s death, one of my friends texted me that Floyd wasn’t necessarily a bad person, but, pointing to his prior stints in prison, added that “he wasn’t lily-white either.” Soon thereafter, I read an article in The New York Times written by Chad Sanders in which he noted … Read more
Number of words: 929 Nathan Tankus, 28, hasn’t finished his bachelor’s degree at New York City’s John Jay College of Criminal Justice. He has, however, mastered enough knowledge of economics and finance to become a widely followed commentator on the Federal Reserve. A newsletter he launched this year has followers at the Fed, the Securities … Read more
Number of words: 1,286 Laura Molles is so attuned to birds that she can tell where birds of some species are from just by listening to their song. She’s not a real-world Dr Doolittle. She’s an ecologist in Christchurch, New Zealand, who specializes in a little-known area of science: bird dialects. While some birds are … Read more
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