25 October 2020
Welcome back to the Week That Was series where I highlight a few things from the interwebs which I thought were interesting, noteworthy and probably worth your time.
Articles📝, Tweet(s)📱, Videos🎥, Charts 📈 all fair game with or without attendant commentary.
❄️🌨️ Arctic Ice
🤖 Robots & Employ
As many as 800 million people are at high risk of their (our?) employment becoming obsolete in an era of greater automation. This is according to a report released by economists Ziad Daoud and Scott Johnson.
📝Who Is Most Exposed to Automation?
🏦 Market Functions
Steve Randy Waldman is a computer programmer and writer known for his commentary on contemporary economics at his blog 📃Interfluidity.
Here’s an interesting essay of his on the four functions of markets:
- Markets serve as Hayekian information processors
- Markets naturalize outcomes, defusing social conflict
- Markets “flip the incentives” surrounding resource utilization
- Markets launder history
On laundering history:
“Inscribing all the history markets erase on a blockchain or whatever, and then relying on individuals to evaluate the ethics of every stage of production of every good and service they consume, does not seem workable or effective. On the other hand, if markets launder history too well, that short-circuits the capacity of democratic politics to insist upon ethical production, as voters are shielded from the harms of cruel supply chains but enjoy the benefits of lower prices.”
TIME replaced its logo on the front cover of it’s magazine for the first time in its nearly 100-year history.
They explain why here.
💸 Big Plays
1/ Unofficial list of best deals ever (minimum gain of $1B)— 𝚃𝚛𝚞𝚗𝚐 𝙿𝚑𝚊𝚗 (@TrungTPhan) October 12, 2020
1. Eduardo Saverin - FB (2004): $15k --> $14B (return = 866,666x)
2. US - Louisiana (1803): $15m -> $1T (66,000x)
3. Naspers - Tencent (2001): $32m -> $200B (6000x)
4. Softbank - Alibaba (2000): $20m -> $100B (5000x)
2/— 𝚃𝚛𝚞𝚗𝚐 𝙿𝚑𝚊𝚗 (@TrungTPhan) October 12, 2020
5. P. Theil - FB (2004): $500k --> $1B (2000x)
6. Sequoia/Kleiner - GOOGL (1999): $13m --> $20B (1500x)
7. FB - IG (2012): $1B -> $250B (250x)
8. GOOGL - Youtube: $1.6B --> $300B (200x)
9. eBay - Paypal (2002): $1.5B --> $100B (70x)
10. Roche - DNA (1990): $2B --> $100B (50x)
Krisp is an interesting piece of AI-powered noise cancelling software which you might find useful. It baically suppresses background noise during calls.
Charmaine Chan works at the forefront of a big technological shift in special effects. As a compositor for Industrial Light and Magic (ILM), her job saw big changes on The Mandalorian - one of the first shows to use ILM’s upgrade for the green screen: LED panels that use video game engine technology to place a realistic-looking world behind the actors.
The Bobtail Squid has a unique luminescence for camouflage known as counter-illumination.
📜🏌️ Revisionist History
Revisionist History is Malcolm Gladwell’s journey through the overlooked and the misunderstood. Every episode re-examines something from the past—an event, a person, an idea, even a song—and asks whether we got it right the first time.
In this episode - 🎧A Good Walk Spoiled - he takes a look at golf… the conclusions square with my general feelings about the sport :D
🌳🎷 Strange Fruit
With over 42m+ cases and 1m+ deaths worldwide, it’s disconcerting to note case & hospitalisation numbers trending up in many places worldwide (with commensurate lockdowns being invoked).
Progress in treatments and therapeutics is heartening but still a long way to go.
Building on their paper from a decade before, Li, Mendelsohn et al published an interesting paper last year:
Whether it was animal-to-human spillover, accidental biological contagion or both - this paper’s warnings about bat-borne coronaviruses in “emerging infectious disease outbreaks of global significance” couldn’t be clearer…or more prescient
🎨 Brush Strokes In Time
A self-admittedly challenging painting for the artist.
Recover, Acryllic, 2020
“Take actions such that you would be glad to receive the news that you had taken them” — Eliezer Yudkowsky
“The curious are always in some danger” — Jeanette Winterson
This is what a sunset on Earth looks like from space.
🗡️ Oh…and one more thing
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