Creating responsibility in fact (and not in theory, law, or policy) requires tethering the objects of responsibility to substantial risk. The only risk category that transforms responsibility into innovative success is existential; anything substantially smaller amounts to nothing more than parking tickets, a minor nuisance for minimizing risk in any…

The CCP and its fiefdoms are funded by a real estate sector under threat.

Evergrande is a Chinse real estate company in the midst of a managed >$300B collapse. (Yes, $300 billion. Almost $90B is interest-bearing debt.)

The Chinese Communist Party will never let a company of that size —…

Was Theranos a CIA front?

Theranos was a med-tech start-up that raised more than $700M at a peak $10B valuation (2014). It supposedly developed a technology that could run multiple blood tests rapidly using a very small amount of blood. Theranos had labs, hired expensive scientists, and burned through hundreds…

One can create a machine that requires inputs that don’t exist….

The performance bounds of any given algorithm can be generally determined by the upper and lower bounds of the inputs (data, bounded by quality and quantity) so that the potential performance of the machine can be described as a…

Political genius lies in extracting success even from the people’s ruin. — Aleksandr Solzhenitsyn

It’s axiomatic that ponzi and multi-level marketing schemes continually require new money, and usually this new money comes from new investors/consumers. The lever such schemes pull is information asymmetry. Those on the inside have information that…

Liars, Shadow Governments, and Afghanistan

Less than six weeks after the U.S. exited Afghanistan, the Afghan capital of Kabul fell to the hirsute homeless frustrated homosexuals known as the Taliban who’ve been raging across the countryside looking for their long-lost shopping cart full old blankets and cardboard bits and a…

Previously, we reviewed how the Gates Foundation was destroying Africa and the many ways in which it fails to understand education, but here’s quick pictorial illustrating why ed reform is mostly garbage. Brought to you by the Gates Foundation.

There are many schools that have something like this in their…

Spoiler alert: it was Jimmy Carter

A lot of buildings were falling down in the 1970s and early 1980s. The roof of the Hartford Civic Center collapsed in 1978, as did the roof of the Kemper Arena the following year. Sky bridges in the Kansas City Hyatt Regency collapsed in…