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Please become a paid subscriber. Continued from Artificial Intelligence (II) From information technology's brief history, it can be concluded this new generation of technology, valued exclusively by established industrial economic worth, will continue along these same worn paths at an ever accelerated pace. However, just as concerning is
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Please become a paid subscriber. Continued from Artificial Intelligence (I) One thing we should all have learned over the last half-century is to be particularly wary of Valley crusaders of any stripe. Like all Valley heroes, Mr. Altman made buckets of money, then turned to help mankind. Most Valley heroes,
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Subscribe now When I was sophomore in high school, we went on a trip to University of Illinois, Champaign-Urbana. U of I was a computer school with a top of the line mainframe. You'd sit in a room with a couple rows of ten or so terminals networked
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Subscribe now Written September 1, 1995 Can a revolution occur with no discussion of power? This was the question that nagged me as I drove through the mountains out of Aspen having just attended a conference called “Cyberspace and the American Dream.” Participating in the conference were many figures of
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Subscribe now Do you work hard? You don’t Chicago, now There's a mayoral election in Chicago today. Four decades ago, voter turnout for a mayoral election used to be significantly above presidential elections. That's changed. Today, about a third of registered voters will participate, pretty
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Subscribe now Aldo Leopold was one of the first ecologists. Environment and ecology are terms used synonymously, however environment is a more encompassing term, dealing with all physical aspects of any given surrounding. Ecology defines the systemic interactions of biological organisms within a larger environment. Characteristics of any ecological system
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Subscribe now Short follow up to Banking and Money piece. The Wall Street Journal has a scoop — boy if you relied on investing money from the Journal’s reporting you’d continually be a day late and doll short. The piece is titled, “As Interest Rates Rose, Banks Did Balance-Sheet
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Subscribe now Many years ago upon finishing William Greider's seminal history of the Federal Reserve, banking, and money, Secrets of the Temple, I thought to myself, “Oh man, it's all much more ridiculous than I imagined.” Years later in conversation I said to Bill, “That book
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Subscribe now Money is a mere representation. At all times money is fundamentally a matter of faith. Despite every entry on every account ledger, all money’s value requires faith. As with all matters of faith, discussions about the nature of money quickly get squishy. This in no way diminishes
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Subscribe now (Continued from Silicon Valley Bank) I gotta be honest sisters and brothers, I never thought back in ‘08 they could reflate the whole financial bubble, but they did, with a vengeance. After a couple years, the question became what would happen when the Fed tried to tighten? That
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Subscribe now I am a sick man.... I am a spiteful man. I am an unattractive man. I found myself nostalgic for 2008 this morning. Remember a lot of the big fails on a Friday were followed by weekend meetings and the bestowing of innumerous largesse before markets opened Monday
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Subscribe now Nothing better shows, well OK really there's plenty, the bankruptcy of American politics than the once again empty threat of fiscal rebels in DC to quit paying the bills. Oxymoronically, the US Treasury writes the debt ceiling or debt limit “allows the government to finance existing