A Nasa official estimated that SpaceX’s Falcon 9 rocket cost less than $400mn to develop, and that Nasa would have spent 10 times that to build the rocket under a cost-plus system.
Before the industrial revolution, there had been a significant increase in machinery use in Europe. Why not in China?
The Mondragon Corporation, as it’s known, is a voluntary association of ninety-five autonomous coöperatives that differs radically from a conventional company. Each co-op’s highest-paid executive makes at most six times the salary of its lowest-paid employee. There are no outside shareholders; instead, after a temporary contract, new workers who have proved themselves may become member-owners of their co-ops. A managing director acts as a kind of C.E.O. within each co-op, but the members themselves vote on many vital decisions about strategy, salaries, and policy, and the votes of all members, whether they are senior management or blue-collar, count equally.
Rather that asking someone what party they are in or who they are voting for, we should ask them what the most important things are for them this election season. It may not be scientific, but it offers a glimpse into the context and complexities that go into their decision. And it tells us more about how people are actually feeling than the raw numbers do.
Peter Thiel, co-founder of PayPal and a vocal proponent of young founders, has railed against what he sees as an increasingly old population less willing to shoulder the risk necessary to change the world. He accuses a “finance gerontocracy” of standing in the way of what he considers the revolutionary youth movement of cryptocurrency.
The St. Lawrence Seaway transported 514,000 tonnes of grain out of the Great Lakes between March 22 to the end of July this year. This represents a 37% increase from the same period last year.
The photographs and video footage that were taken using the DJI Mavic 3 are simply breathtaking. The almost three-minute video presents us with some of the most stunning views of Mount Everest and several peaks in its immediate vicinity.
Natural gas prices are 10 times the usual—upending industries, angering consumers, and panicking politicians.
The US Open is the only major where men and women use different balls and, in the build-up to this year’s tournament, a number of players have echoed Swiatek’s comments.
US officials have told Nvidia to stop selling to Chinese companies two of its chips designed for artificial intelligence work, the company said in a filing on Wednesday. The government is imposing a licence requirement on any products containing its A100 and forthcoming H100 integrated circuits used in the machine learning processes that enhance AI systems.
“Do those federal tax credits tip the scale? Absolutely. There’s going to be all kinds of industries that pop up to chase those tax credits and those dollars,” he said. “But if you ask me do I think we need those tax credits, no I don’t.”
Actually I was surprised that the crash did not happen earlier. Normally crypto bubbles last around 6-9 months after surpassing the previous top, after which the rapid drop comes pretty quickly. This time, the bull market lasted nearly one and a half years. People seemed to adjust into the mentality that the higher prices are a new normal. The whole time, I knew that eventually the bull market will end and we’re going to get the drop, but I just did not know when. Today, it feels like people are reading too much into what is ultimately cyclical dynamics that crypto has always had and probably will continue to have for a long time. When the prices are rising, lots of people say that it’s the new paradigm and the future, and when prices are falling people say that it’s doomed and fundamentally flawed. The reality is always a more complicated picture somewhere between the two extremes.
Originally, my grandfather Saleh owned three knives. They had come from my father’s father—who’d inherited them from his own father. I didn’t know exactly how many generations back they extended—but it was enough to have spiraled into history. Though my father’s family now lived in the city, if you looked over their shoulders, you’d see a long line of sheikhs, poets, and Bedouins. Each generation had their trusted tools, secret paths, and shared stories.