Thomas Piketty and Capital in the 21st century: accuracy in research and confusion in theoryCADTM (Micael T). So glad to see someone pick this apart. Picketty’s definition of capital struck me as all wet but I didn’t have the time or energy to pick it apart, and his r>g as an absolute rule, as opposed to a propensity with reversals, was also obviously nuts (trees do not grow to the sky as an absolute rule means capital will eat the entire GDP).
A biomedical professor has been sentenced to 37 months in prison for carrying out a scheme to use millions of dollars in federal grant money to advance research in China, according to the Justice Department.
Zheng Songguo, a former professor at Ohio State University (OSU), pleaded guilty in November to lying on his National Institutes of Health (NIH) grant applications, in order to use $4.1 million in research grants to develop the fields of rheumatology and immunology for China, the department said.
Hijacked and Paying the Price – Why Ransomware Gangs Should be Designated as Terrorists Institute for New Economic Thinking. Confucius said that the proper naming of things was the beginning of wisdom. I am therefore not keen about the ongoing broadening of the use of the term “terrorist”. It comes off as a manifestation of NewSpeak, an effort to impoverish used vocabulary so as to achieve better messaging control. Better to take the (not much) time it would require to come up with more precise terminology (economic extortionists?) and corresponding criminal sentences.
Why is a Billion Dollar Pipeline Incapable of Defending Itself Against Ransomware? American Conservative