Recent economic events have brought the concept of financial bubbles from academic texts to the forefront of economic and commercial thought. Whereas economies used to be slow laborious creatures, the globalisation of capital markets, and growth of technology within them, has increased the ‘speed’ of economies to a pace never…
“Just two days after Haiti’s earthquake, Leonel Fernández, the president of the neighbouring Dominican Republic, ordered a helicopter to fly him over the border for an unannounced visit. He was worried that his Haitian counterpart and friend, René Préval, was still incommunicado. What made this neighbourly gesture remarkable was that…
“[Shares in] Toyota Motor Corp., the world’s largest carmaker, fell in Tokyo as it expanded a U.S. recall by more than 1 million vehicles to 5.35 million, adding to concerns its reputation for quality may be permanently tarnished.” When you buy a car, you assume that everything is fine with…
As Foreign Policy Magazine reports, “Equatorial Guinea’s economy depends almost entirely on oil, which generated revenues last year of well over $4 billion, giving it a per capita annual income of $37,900, on par with Belgium.” While this has given the country’s ruler (Teodoro Obiang Nguema Mbasogo) an estimated net…
“The Federal Reserve Board sent its most explicit signal yet that the emergency supply of liquidity to financial markets is done and the most aggressive monetary policy easing in its 96-year history will eventually reverse.” – February 19th, Bloomberg. Citing “continued improvement in financial market conditions”, the US Federal Reserve…
As I write this, my Bloomberg feed shows that, “Euro-region leaders [have] ordered Greece to get the bloc’s highest budget deficit under control and said they are prepared to take “determined” action to staunch the worst crisis in the currency’s 11-year history.”, with the FT adding, “Under an agreement hammered…
In this interview, we talk to Gigi Sohn, President and Co-Founder of Public Knowledge (a highly influential Washington, D.C.-based public interest group working to defend citizens’ rights in the emerging digital culture) and Ross Anderson, Professor of Security Engineering at the University of Cambridge. We talk about how digital technologies…
In recent weeks, we have seen uprisings in Tunisia, Egypt, Algeria, Yemen and Jordan where members of the populous have taken to the streets, demonstrating and disrupting a country over issues ranging from food inflation, corruption, freedom of speech, living conditions and basic human and economic rights. Most notably of…
The industrial revolution created the archetypal businessman, characterized by their ruthless attitude towards commerce. In a controversial paper, Jerry Bergman discusses the Robber Barons’ (a pejorative term used to describe businessmen in America) attitude to workers in the late 1800’s and early 1900’s. He describes how, “The robber barons’ lack…
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Over 70% of the labour force in sub-Saharan Africa is involved in agriculture. This means the sector forms a lynch-pin of society.
Knowledge diffusion mediated by migrants tends to be intergenerational. When German chemists were expelled and moved to the United States, the people who really adopted their ideas and technology were from the next generation.
We measure these flows entirely based on data filed by governments at the World Bank and the IMF. We apply two very established economic models. One is the World Bank's residual method, and the other is the IMF Direction of Trade statistical approach. These models have been used by economists for decades but we were the first group to apply these models to all developing countries.
We see math as code and code as math. The real magic, and the key transition, comes from combining AI, programming languages, and mathematics—bringing all three pillars together. What we envision is humans using informal reasoning and intuition as a powerful guide, with formal systems then verifying those ideas. That interplay across layers is, I think, the real magic of combining multiple levels of abstraction.
They don't just dive into a project; they begin by exploring its purpose. If they're working with a client, their first question is often, 'Why are you undertaking this project?' They don't move forward until they have a clear understanding of this 'why', dedicating considerable time to uncover its various facets.
Ten in-depth articles distilling insights from over 550 interviews with the world's leading thinkers, creators, and changemakers.