- Watch How Millionaire Bankers Actually Work
- Watch London (CA) vs Utrecht (NL) — how they both embraced cars but only one has returned to embracing people.
- If you — or someone you love — cares a “bit too much” about a conspiracy or two, then have them chat with this bot. It’s patient, uses facts and works with your views of the world.
- Bond yields are rising (=prices are falling) as supply of bonds (due to governments borrowing more to fund deficits) exceeds demand. I’ve been waiting for these signals to emerge as governments spend like drinken sailors. Where are all the MMT gurus now?
- New NL warming record: There has been no 24-hour period of sub zero temperatures… for 756 days.
- “L.A.’s nightmare should serve as a warning to other states: Climate change is crushing insurance markets[insured losses of $15 billion but uninsured losses 10x higher], and the solution is not to artificially lower premiums or rely on public options.” Prices must rise, but even higher prices won’t interest insurance companies that understand the difference between risk and uncertainty.
- “The global economy could face 50% loss in GDP between 2070 and 2090 from the catastrophic shocks of climate change….At 3C or more of heating by 2050, there could be more than 4 billion deaths, significant sociopolitical fragmentation worldwide, failure of states, and extinction events… Economic predictions… that damages from global heating would be as low as 2% of global economic production for a 3C rise… are wrong because they ignore… tipping points, sea temperature rises, migration and conflict as a result of global heating… They are precisely wrong, rather than being roughly right.” Obviously, those losses will start to accrue well before 2070.
- An AMOC update: “In a dramatically cooler Britain [5-15C colder], when the winter storms come, higher sea levels mean that water surges in from the coast. The flooding is intense. The winds rip across roads, tearing down power lines. Those without battery storage are frequently cut off. Instead of the UK being a refuge for others escaping climate disruption, we might struggle to support even the population we have now.”
- “No, Trump didn’t make $50 billion from his memecoin“
- Watch this classic, compelling TED talk on how schools kill creativity