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Created
Fri, 30/05/2025 - 03:00

“The White House has been hearing out a chorus of ideas in recent weeks for persuading Americans to get married and have more children, an early sign that the Trump administration will embrace a new cultural agenda pushed by many of its allies on the right to reverse declining birthrates and push conservative family values.”New York Times

Created
Thu, 29/05/2025 - 23:35

Colorful career criminal Willie Sutton once may (or may not) have been asked why he robbed banks. “Because that is where the money is,” he supposedly replied. A similar principle may explain the first foreign trip of President Donald J. Trump’s second term, which was not to a traditional U.S. ally in Europe. Rather, he set off to visit the capitals of the Gulf hydrocarbon potentates Saudi Arabia, Qatar, and the United Arab Emirates. In royal palaces there, he feasted and was offered hundreds of billions of dollars in investments in American companies and opportunities for the Trump Organization, too. Qatar even courted controversy by giving him a $400 million Boeing 747-8 plane to serve as a future Air Force... Read more

Created
Thu, 29/05/2025 - 22:00

“After back-to-back explosions, SpaceX launched its mega rocket Starship again on Tuesday evening, but fell short of the main objectives when the spacecraft tumbled out of control and broke apart.” – PBS

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We at SpaceX would like to remind the losers who have been gleefully pointing out how often our rockets explode that exploding rockets are a completely normal part of spaceflight.

Look, things explode. It’s just part of nature. Cybertrucks explode, and it’s no big deal. (Really, it’s not a big deal that cybertrucks explode.) So why should we spend so much time harping on how frequently our rockets explode, when we could, instead, focus on how long they haven’t exploded? Many of our rockets that haven’t launched are stored safely, completely unexploded. Yet does anyone congratulate us on the unexploded rockets? Nope.

Created
Thu, 29/05/2025 - 18:52
Andrew Ross has drawn an analogy between the hierarchical taste cultures (high, middlebrow and popular) familiar to cultural critics, and the demarcation between science and pseudoscience. At a sociological level this is an incisive observation; but at an ontological and epistemological level it is simply mad … Such epistemological agnosticism simply won’t suffice, at least […]
Created
Thu, 29/05/2025 - 18:00
Miruna-Daniela Ivan The widespread practice of financial institution to re-use securities received as collateral plays a key role in the repurchase agreement (repo) market functioning. By increasing the availability of securities which can be used as collateral, collateral re-use lowers funding costs under normal market conditions, allowing collateral to flow to where it is most … Continue reading Collateral re-use: unveiling the risk of delivery failures and higher volatility in the repo market
Created
Thu, 29/05/2025 - 16:41
During the recent inflationary episode, the RBA relentlessly pursued the argument that they had to keep hiking interest rates, and then, had to keep them at elevated levels, well beyond any reasonable assessment of the situation, because wage pressures were set to explode. They claimed their business liaison panel was telling them that wages were…
Created
Thu, 29/05/2025 - 14:05

For more than a decade, economists have been scratching their heads over the productivity puzzle afflicting western economies. The issue has been particularly severe in the UK, where productivity stagnated for over a decade following the financial crisis. Now, we have new data showing that productivity levels have fallen to below pre-COVID levels. Productivity is […]