The Golden Age of White Collar Crime HuffPost
China Will Use Its Digital Currency To Compete With The USD Forbes (Kevin W). *Sigh*. The way to become a reserve currency is 1. Run persistent trade deficits so your currency is held by parties outside your country and 2. Give them some OK places to park your currency besides cash. The US has Treasuries and other government guaranteed bonds, a well-regulated stock market for those who like to walk on the wilder side, as well as (until recently) cities with good airport access plus shopping, restaurants, museums and other attractions so that foreigners holding US currency might park it in US residential real estate
Twitter Bots Are Spreading Coronavirus Conspiracy Theories Rolling StoneAI guests are data harvesting our lockdown homes Financial Times
The Lunacy of Global Seafood Supply Chains The Nation
Why Do Food Delivery Companies Lose Money? Josh Barro, New York Magazine. It is enormously frustrating to see economists act like ants pushing grains of rice around until they manage to stumble across a hole for it to fall into. Hubert Horan explained this all years ago with respect to Uber, and did a similar kneecapping of various app-based local transportation product extensions. It’s really not that hard to look at the economics of delivery and see that adding an app adds zero or even potentially negative improvements in production costs (due to moar overheads) but no one ex Hubert seemed willing to do the work.
Indict and Punish the Perpetrators of Covid Mass Death Black Agenda ReportThe Time Is Ripe for More SocialismNathan J. Robinson, Newsweek (!).