Expanding the Legacy
Expanding the Legacy
More than technology, Silicon Valley produces hype. It is forever on the cusp of a major breakthrough, needing only a bit more cash for the magic to happen. In the 1990s it was the dot-com boom; in the 2000s nanotechnology; and in the 2010s blockchain and its crypto derivatives. All these hypes promised deliverance from some affliction suffered by mankind and usher in an era of peace, prosperity, and general wellbeing. The paperless office and global village came and went, as did the miraculous nanotech materials and all the pyramids that touched the heavens unlocking vast wealth to believers. More often than not, Silicon Valley offered solutions in search of a problem.
It remains an enduring mystery why about half of American voters idolise a convicted felon, philanderer, pathological liar, and failed businessman. Liberals struggle to comprehend the mood in the mythical ‘American heartland’ - more of a cultural entity than a landmass and usually defined as comprising the twelve landlocked states of the Midwest plus eastern portions of the Mountain States and bits of the Southern States up to West Virginia, Kentucky, and Tennessee. Urbanite liberals cannot make sense of the apparent disconnect between the well-documented misconduct of Donald Trump and the traditional ethical values espoused with great devotion by heartland conservatives.
If it’s not Ukraine, it’s Gaza or Lebanon. Thankfully, little rocket man is keeping quiet and China, at least for now, seems content to limit its threats to Taiwan to lowkey utterances of displeasure. Every week or so, there is disconcerting news on major belligerence unfolding somewhere: Russia creeping up in the Donbas; Ukraine advancing into Kursk Oblast, or Israel preparing for a ground war against Hizbollah. Poor secretary of state Antony Blinken. He shuttles all over to douse fires, cool down hotheads, warn foes, and manage recalcitrant allies - without much to show for it.
The job of venture capital (VC) fund managers involves making out with lots of frogs in the expectation that at least one of them turns into a prince. VC funds have enjoyed a great ride with a powerful business model that not only provided good returns but one with significant benefits to society as well. VC brings innovation and enables bright minds and lateral thinkers to prosper. Its absence is often mentioned to explain the dearth of tech champions in Europe. However, in the era of generative-ai capital is required on a much grander scale than VC can deliver.
Some people move so far beyond the pale and descend so deep into the unfathomable depths of surrealism that even the most gifted raconteur would have to accept the limits of his/her imagination and recognise the inadequacy of language to sketch and covey such departure from human sense and reason. Meet Mark Robinson. He’s the Republican Party’s nominee for the governorship of North Carolina and a self-proclaimed ‘evangelical christian’ who sports not only the obligatory stars-and-stripes pin on the lapel of his jacket, but also a cross which is now his to carry.
Turkeys do not usually vote for Christmas. Still, some people seem genuinely surprised and dismayed by the species’ instinct for self-preservation. Azerbaijan derives more than ninety percent of its export earnings from the sale of oil and natural gas. Each day, the country pumps about 750,000 barrels of oil and dumps 650,000 of them on the global market, bringing in close to $20 billion annually. In November, Azerbaijan is to host COP29, the annual gathering of some forty thousand jet-setting government officials, NGO delegates, and assorted camp followers such as staff, guests, reporters, and ‘parties overflow’, i.e. the merely curious who are allowed to nose around the conference premises as long as they do not partake in the proceedings.
FOMO is firmly in charge of the US stock market: the Fear of Missing Out has nearly all classes of investors – from retail to institutional – pouring vast volumes of cash into stocks. Excitement reaches new heights during the current earnings season with S&P 500 companies reporting an average...
The EU free trade baton, carried by the UK until Brexit materialised, has been relayed to the ‘Stockholm Six’ of likeminded liberal countries pushing back against French and Italian pressure for Europe to get tougher on trade defence – and relax on subsidies. Germany was invited to join the informal...
Thursday, October 29, 2020 – Shopkeepers in Wales have reported a disconcerting increase in the number of scarcely clad patrons visiting their premises, often sporting nothing more than underpants and a facemask. The quasi-streakers roaming the aisles of Welsh grocery stores and pharmacies are on a mission to highlight the...
It’s perhaps a case of having your fish and eating it too. The number of analogies that may be rallied to describe the current standoff between the European Union and the United Kingdom over the post-Brexit assignment fish stocks is almost endless. The EU may have bigger fish to fry...
It is not a good time to be a supporter of Brexit. If spin were a tradable commodity, all would be exceptionally well in the realm. Alas, it is not. The attempt by Prime Minister Boris Johnson to supplant essential elements of the Withdrawal Agreement, signed with the European Union...
Eighty years, to the day, since living its Finest Hour, the Hinge of Fate turned Great Britain towards yet another nadir – the latest in a string of historic setbacks that slowly and painfully disassemble a once great power. On Monday, September 14, Parliament voted on the second reading of...
In the US, the number of covid-19 deaths has rushed past 200,000 whilst worldwide more than one million people succumbed to the disease. As the second wave of the Corona Pandemic gathers pace, it remains eerily quiet on the vaccine front. However, warnings abound that the virus may roam freely...
President Donald Trump has become the unlikely saviour of the long-suffering book publishing industry. In the run-up to the election, and his possible eviction from the White House, publishers are scrambling to release a veritable tsunami of tell-all books by former associates of Mr Trump, most of whom have an...
Monday, May 25, 2020 – The Hague is expected to deploy the biggest gun available to EU member states and roll out its veto to derail a Franco-German plan that introduces eurobonds under a different name. Last week, the Dutch were said to have succumbed under pressure from Germany and...
Some 2,980 puppets have gathered in Beijing to applaud President Xi Jinping in an annual choreographed ritual that goes by the name of National People’s Congress (NPC) – a misnomer on at least two counts. Over the course of ten days, President Jinping and his close associates pull the strings...
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