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.
Beneath our feet, the earth manufactures and hides a treasure trove of clean energy. In Lorraine, a former coal mining region hugging the French-German border, a reservoir containing up to 260 million metric tonnes of natural hydrogen has recently been discovered. The volume equals almost four times that of the...
In an election upset without precedent, Dutch voters on Wednesday chastised the ruling coalition of longtime prime minister Mark Rutte and handed the levers of power to political provocateur Geert Wilders whose Party for Freedom (PVV) unexpectedly secured 37 seats (+20) in the 150-strong Lower House.The PVV thus became the...
Whilst president of the European Council, Donald Tusk frequently caused a stir with comments that lacked in finesse or diplomacy. After the 2016 Brexit vote that sealed the UK’s departure from the European Union, the former, and likely future, prime minister of Poland speculated that supporters of the plan were...
Clutching at straws. With the slimmest of margins, voters in Poland opened a narrow path for the pro-EU opposition to reclaim power after eight years in the proverbial wilderness. With fear and ill-disguised loathing, the European Union watched as the national-conservative Law and Justice party (PiS) of deputy prime minister...
Few music genres are so poorly appreciated or understood as jazz. To its (many) detractors, jazz is just pretentious experimentation by pseudo musicians playing, ad nauseam, the same tunes over and over again. As seen by jazz historian Ted Gioia, the problem with jazz is that nobody has tried to...
Crypto is having another moment. Binance, the largest exchange for trading the digital currency and its derivatives, is in distress. A dozen senior executives have left and the company fired some 1,500 staff members as trading volumes dropped almost vertiginously. US government agencies, ranging from the Department of Justice to...
At about the same time Germany shuttered its last three nuclear power plants, five lignite-burning ones were recommissioned. In another disconcerting sign of times past, earlier this year in North-Rhine Westphalia, energy producer RWE Power began dismantling a wind farm to make way for the expansion of an open-pit lignite...
“There’s gold in them thar depths.” Millions upon untold millions of potato-sized rocks lay scattered across 4.5 million square kilometres of seafloor between the Hawaiian archipelago and Clipperton, an uninhabited atoll some 1,300 kms southwest of Manzanillo, Mexico. This ultimate of desert islands belongs to France. Last year, the industrial...
There is a name for that. Sportswashing, or the leveraging of an athletic event to embellish a reputation tainted by scandal or controversy. The term was coined in 2015 to describe attempts by the Azerbaijan government to divert attention from its human rights record with the hosting of the first-ever...
The peace dividend, now exhausted, delivered the countries of Europe a windfall of some €4.2 trillion (£3.6 trillion) over the past thirty years – a sum roughly equivalent to a quarter of the European Union’s GDP. The number comes from Bruegel, a non-partisan policy think tank in Brussels. The institute...
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