DRAKON is a visual language from the aerospace industry for representing algorithms, processes, and procedures. The goal of DRAKON is to make procedures easy to comprehend.
Some context is warranted. First, the statement that SVB and SBNY were the second and fourth biggest bank failures is only true if we do not adjust for inflation or scale the failures relative to GDP. Once we take inflation into account and also the size of the bank’s deposits relative to GDP, we find that Depression-era failures were substantially bigger.
The former Union Bank building in the heart of San Francisco’s financial district, located at 350 California Street, was auctioned off last week. The winning bid was $65 million, roughly 75 percent less on a per-square-foot basis than comparable building sales from just before the pandemic.
Behind the scenes is China’s reluctance to forgive debt and its extreme secrecy about how much money it has loaned and on what terms, which has kept other major lenders from stepping in to help. On top of that is the recent discovery that borrowers have been required to put cash in hidden escrow accounts that push China to the front of the line of creditors to be paid.
Kinzer wrote that commentary for The Boston Globe; I suspect The New York Times, his old employer, wanted no part of his heresy. You can commonly find that sort of thing on Substack or Twitter, but only rarely does it slip past the goaltenders of our national media. Which brings me to the full-page advertisement just published in the print New York Times — print only! — that calls on the United States to work to end the war as quickly as possible through diplomacy.Signatories include several high-ranking U.S. military officers, Ronald Reagan’s former U.S. ambassador to Moscow Jack Matlock, and the ubiquitous Columbia University economist Jeffrey Sachs.
“We are still training Ukrainians how to fly our F-16s that will be shot down by Russia as soon as they get into the war zone. The mainstream press is dedicated to Biden and the war and Biden is still talking about the Great Satan in Moscow while the Russian economy is doing great. Putin can stay where he is”—in power—“despite his failure to wipe Ukraine off the map as an independent state. And he thought he would win the war with just one airborne division”—a sardonic reference to Russia’s failed effort in the first days of the war to seize a vital airport by parachuting in an attack force.
A lot of people are misunderstanding my poing about ChatGPT and #AI in general.
I am not saying it is useless. All I am saying is that it is no replacement for & no threat to *real* experts.
— Nassim Nicholas Taleb (@nntaleb) May 22, 2023
There’s ~5.5k Thai restaurants in the US but only 300k people. Why?
The Thai govt offers up to $3M in loans for nationals to start restaurants abroad since 2002. ~10k have opened abroad since. Max fixed cost = $30B.
Tourism went up 6.5x in value to $65B netting +$55B recurring
— Deedy (@debarghya_das) May 22, 2023
The changing legislative landscape of the U.S. wine market provides a scenario to examine the effect of regulation on the size distribution of firms. Using the variation across states and time in the sum of in-state and out-of-state adult populations between 2002–2017, and a difference in difference-style empirical model, I examine how restrictions on Direct to Consumer (DTC) sales impact the number of establishments and the employ- ment at wineries. I find that the expansion of the potential wine market by 10 M adults caused about a 3.5% increase in the number of wineries. While reduced DTC restrictions explain growth in the number of wineries, I find no effect of lessened restrictions on the number of winery employees, though there is evidence of a lagged effect. Additionally, I find that the growth of smaller wineries substantially outpaces that of larger wineries when regulations are lessened. These results suggest that regulatory barriers in particular indus- tries may allow states to maintain an artificial size distribution.
Flynn that year hired Fenn, who earned a Ph.D. in neuroscience and was working in consulting at McKinsey. They recruited other industry pricing and marketing specialists to build a nine-person team. Flynn invested in computer servers to warehouse reams of data. Data scientists collected prices for individual items across Flynn’s restaurants, then layered on variables that could impact sales, such as bad weather or a change in restaurant hours. They began regularly monitoring prices for competitor restaurants within a three-mile radius of their stores.
The problem for Scott is that while Ellison is very driven by genuinely held beliefs and cultivated relationships, it’s not clear whether he has a broader strategy with these big bets. After all, why did Ellison give $1 billion to finance Elon Musk’s takeover of Twitter? Because “it would be lots of fun,” as he texted Musk at the time.
Illinois and the other Great Lakes states fought for decades over how much lake water should flow through the backwards river. And in 1967 the Supreme Court set a daily water limit of 2.1 billion gallons per day, which since then has lowered water levels of Lakes Michigan and Huron by 2.5 inches.
Sort of like the old Star Trek episode “The Ultimate Computer” on massive steroids, Colossus is genuinely gripping as the coldly analytical Dr. Forbin begins to break down from the strain of trying to get his all-powerful technological genie back in the bottle, with terrifying results. Briskly directed by Joseph Sargent and written by James Bridges, Colossus was based on a novel by D.F. Jones. Pity we never got to film versions of Jones’ two sequels, in which a cult grows around Colossus, who is eventually deactivated and then rebooted when the Earth is threatened by an invasion from Mars.
Using pull requests for code changes by your own team members is like having your family members go through an airport security checkpoint to enter your home. It’s a costly solution to a different problem.
“Bien,” the stockman whispered. “I am a cattle buyer. I have to have my funds in gold.”
Best new car deals right now:
(h/t RealCarTips) pic.twitter.com/6kpCvGIxcU
— CarDealershipGuy (@GuyDealership) May 23, 2023
I can tell you why DeSantis is going to use twitter. I was a GOP Chief of Staff in the House during the 117th Congress. After Youngkin won the VA Governorship different elements of his team spoke to us all to help us learn the lessons of his campaign. His comms people…
— Kenneth Monahan (@Foudroyant) May 23, 2023
Not Even a Recession: The Great German Gas Debate in Retrospect
In fact, it’s about everything. Look at the world from the vantage point of car paint and you begin to see various strands of the 20th century storyline unfurling: the early days of mass production and the modern factory, the ascent of mass consumption, the rise and fall of economic growth, all the way through to today’s “productivity puzzle” economists are trying to get their heads around.
Splinter the CIA, NSA, and FBI into a thousand pieces and scatter them into the winds. https://t.co/mDRYX1LFld
— jack (@jack) May 24, 2023
On Reddit, Saudis laughed at anxious American tourists asking if their social media would be audited upon arrival (“lol u think KSA is a police state?” one user retorted, “we don’t care about some random american, just have fun”). On TikTok, middle schoolers showed off trendy sneakers and weekend trips to Al-’Ula, an ancient Arabic oasis city near Medina, occasionally coming into the camera’s view to ask their audience which international school they thought was the most toxic. European expatriates, mostly women, vlogged from big cities like Jeddah and Riyadh about how moving to Saudi Arabia had liberated them.
YOUR REACTION: Black man says, “There were about 3700 free blacks who owned 12,000 slaves, black slaves. The question is, do the descendants of those free blacks who owned black slaves, do they pay (reparations as being pushed by @GavinNewsom)?
“Blacks really benefited more the… pic.twitter.com/KwjVeHb5FK
— Simon Ateba (@simonateba) May 24, 2023
The company is mining flight data to assess and identify accident risks before anything goes wrong. And it’s preparing an internal education campaign for employees — from the executive suites to the engineering design offices to the factory floor — about lesson learned from the crashes.
Worried your most personal data might get into the wrong hands? The Health app on iPhone helps you control who sees your health data—and who doesn’t. Because when it comes to your health, privacy matters. https://t.co/vNEAa705Ux
— Ricky Bloomfield (@rickybloomfield) May 24, 2023
Kids and adults of all ages have been folding and flying paper airplanes for more than 150 years. National Paper Airplane Day is an unofficial holiday celebrated every May 26th to bring some attention to this enjoyable pastime. We want you to have a ton of fun on this day, so please continue reading for suggestions of paper airplane activities and games that you can play with your family and friends.
Scout dates back to the late 1950s, when Ted Ornas, an auto designer for International Harvester, designed the company’s first Scout, a four-wheel-drive recreational vehicle, something that didn’t exist at the time. A month later, South Carolina lawmakers approved $1.3 billion to help VW build the plant.
In many ways, the Twitter event was classic Musk. It was hugely hyped, not fully baked and the talk of the internet afterward.
A critic of the environmental, social and corporate-governance, or ESG, movement, Ramaswamy wants to rescind a Biden administration rule that allows retirement-plan managers to consider climate change and other ESG actors when they choose investments. He is pushing to cut more than 90% of the staff at the Federal Reserve and to prevent it from issuing a digital currency. He opposes regulating bitcoin as a security and taxes on bitcoin miners.
In this context, the next iteration of the global security, political and economic system will not be framed by the United States alone. The reality is already something else. It is not an “order,” which inherently points to a hierarchy, and perhaps not even a “disorder.” A range of countries are pushing and pulling in line with their own priorities to produce new arrangements. We in the transatlantic community may need to develop some new terminology as well as adapt our foreign policy approaches to deal with horizontal networks of overlapping and sometimes competing structures. We have entered what Samir Saran, President of India’s Observer Research Foundation, has dubbed the age of “limited liability partnerships.” The regionalization of security, trade and political alliances complicates our national security strategies and policy planning, but it may also intersect with our priorities in useful ways if we can be flexible and creative—rather than simply resisting and responding when things go in directions we don’t like. As British security expert Neil Melvin has suggested, we should embrace the idea of “mini-lateralism.”
Mr. Kissinger leaves no doubt that he believes in a Pax Americana and in the need “to defend the areas of the world essential for American and democratic survival.” But the ability to “execute it politically,” he says, “has declined sharply, and that is our overriding problem now.” He ascribes this political weakness to a decline in belief in the U.S. in its own historical ambitions and institutions. “There’s no element of pride and direction and purpose left,” he laments, as American leaders grapple with angst generated by events of “300 years ago.”
Great blue heron effortlessly glides in and makes a near perfect landing on razor shep oysters. pic.twitter.com/alQ8UffSWW
— Mark Smith Photography (@marktakesphoto) May 28, 2023