Some coherent thoughts on AI…
… that I mostly agree with. From Balaji Srinivasan (1) First, the new bottleneck on AI is prompting and verifying. Since AI does tasks middle-to-middle, not end-to-end. So business spend [...]
By Paddy
In Articles, Business, Economy, Explainer, history, journalism, Markets, Non-fiction, research, Writing
Posted This is what a banknote looked like in 1806
Kind of like a traveler’s check? Where the bearer signs on receipt? And I wonder, did the bank president and the chief cashier sign every note? Or were they printed on? This note looks a [...]
By Paddy
Posted Equal Opportunity?
Today marks the 50th anniversary of the Equal Credit Opportunity Act, which prohibits financial institutions from discriminating based on sex, age and marital status, among other things. The act [...]
By Paddy
Posted How bookstores can cope with rising rents
Rising rent is one of the biggest reasons that bookstores lose their leases. I feel very conflicted about this. On the one hand, I love books and bookstores, and I hate the idea that as business [...]
50 Cent may be bankrupt, but it doesn’t mean he’s broke
50 Cent filed for bankruptcy today in Hartford Connecticut. But that doesn’t mean he’s going to have to go back to slinging crack to make ends meet. That’s because Curtis Jackson (his real name) [...]
Why you shouldn’t sweat China’s market woes
A lot of people have been asking what the heck happened in China this last couple of weeks, and whether it’s a problem for us. Let’s answer the second question first: no. The sharp correction in [...]
The shadow behind rising household net worth
Household net worth is rising, and that’s great news, right? Yes, but. Data on the economy this week has been overwhelmingly positive. Retail sales were up in May, which means people are shopping [...]
