Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter. The purge was orchestrated by a new “supreme committee” to investigate public corruption created by King Salman but under the control of Crown Prince...
Read More »Saudi Billionaires Scramble To Move Cash Offshore, Escape Asset Freeze
Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter. The purge was orchestrated by a new “supreme committee” to investigate public corruption created by King Salman but under the control of Crown Prince Mohammed bin Salman, who chairs the committee and is widely...
Read More »Euro Saves Germany, Slaughters the PIGS, & Feeds the BLICS
Authored by Chris Hamilton via Econimica, The change in nations Core populations (25-54yr/olds) have driven economic activity for the later half of the 20th century, first upward and now downward. The Core is the working population, the family forming population, the child bearing population, the first home buying, and the credit happy primary consumer. Even a small increase (or contraction) in their quantity drives...
Read More »Are We Real?
In the Guardian, Olivia Solon reports about the discussion on whether life as we experience it likely is a simulation. Pro: … videogames are becoming more and more sophisticated and in the future we’ll be able to have simulations of conscious entities inside them. … If there are many more simulated minds than organic ones, then the chances of us being among the real minds starts to look more and more unlikely. … That we might be in a simulation is … a simpler explanation for our existence...
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