The latest surge in the price of bitcoin is increasing the clamor around it, says Dal Bianco, drawing in yet more speculators and creating a “self-reinforcing cycle.” Likewise, when collective confidence in the prospect of further price growth falters, she says, the resultant downturn can be equally sudden. Under these conditions, demand can vanish as … Read more
“An artist friend of mine got me an AI-generated painting as a gift. I can see she tried to personalize the concept, and it’s nicely framed, but part of me still feels a little cheated. Is that fair?” —No Returns Dear No Returns, There’s something implicitly paradoxical about feeling “cheated” by a present. A gift … Read more
Fleming believed that growth has natural limits. Things grow to maturity—kids into adults, saplings into trees, startups into full-fledged companies—but growth beyond that point is, in his words, a “pathology” and an “affliction.” The bigger and more productive an economy gets, he argued, the more resources it needs to burn to maintain its own infrastructure. … Read more
When you drop money in the bank, it looks like it’s just sitting there, ready for you to withdraw. In reality, your institution makes money on your money by lending it elsewhere, including to the fossil fuel companies driving climate change, as well as emissions-heavy industries like manufacturing. So just by leaving money in a … Read more
STOCKHOLM — Claudia Goldin, a Harvard University professor, was awarded the Nobel economics prize on Monday for research that helps explain why women around the world are less likely than men to work and to earn less money when they do. Fittingly, the announcement marked a small step toward closing a gender gap among Nobel … Read more
The Nobel economics prize was on Monday awarded to Professor Claudia Goldin of Harvard University for her research on women in the labor market. Goldin provided the first comprehensive account of women’s earnings and labor market outcomes through the centuries, the Nobel committee said during the prize announcement. Her research reveals new patterns, identifies causes … Read more
Everyone involved in the strike should be calculating what’s at stake to figure out what sort of offers they’d be willing to accept or make—in other words, to resolve the whole dispute. “Absent calculating the pie, I would be negotiating with my eyes closed,” Nalebuff says. Perhaps that sounds too abstract to be much help … Read more
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There was a quick, unusual second in 2015 when Russell Model mattered in mainstream British politics. With an election looming, the opposition Labour Celebration was trailing within the polls in opposition to a coalition authorities that was the very definition of multinational—led by an Eton- and Oxford-educated prime minister in David Cameron and his Westminster- … Read more
PHNOM PENH, Cambodia — Cambodia’s Hun Sen has been his nation’s autocratic prime minister for almost 4 many years, throughout which the opposition has been stifled and the nation has grown more and more near China. Together with his Cambodian Folks’s Get together nearly assured one other landslide victory on this Sunday’s election, it’s exhausting … Read more
The financial affairs minister in Finland’s new center-right governing coalition has resigned after 10 days within the job for his alleged ties to the acute proper wing COPENHAGEN, Denmark — The financial affairs minister in Finland’s new four-party center-right governing coalition, resigned Friday after 10 days within the job for his alleged ties to the … Read more