Tag Archives: economics

How to Get Rich From Peeping Inside People’s Fridges

“People make fun of me about the fridges,” said Tassos Stassopoulos. “I am fridge-obsessed.” As the founder and managing partner of Trinetra, a London-based investment firm, Stassopoulos has pioneered an unusual strategy: peeking inside refrigerators in homes around the world in order to predict the future—and monetize those insights. By …

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What’s Behind the Bitcoin Price Surge? Vibes, Mostly

Bitcoin fever has returned. On March 5, the price of the cryptocurrency swelled to a record high—and has continued its upward march. In 2024 it has provided investors with a greater return than almost any other asset. But as enthusiasm for bitcoin spreads anew, so do myths and confusion around …

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Help, My Friend Got Me a Dumb AI-Generated Present

“An artist friend of mine got me an AI-generated painting as a gift. I can see she tried to personalize the concept, and it’s nicely framed, but part of me still feels a little cheated. Is that fair?” —No Returns Dear No Returns, There’s something implicitly paradoxical about feeling “cheated” …

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Get Ready for the Great AI Disappointment

In the decades to come, 2023 may be remembered as the year of generative AI hype, where ChatGPT became arguably the fastest-spreading new technology in human history and expectations of AI-powered riches became commonplace. The year 2024 will be the time for recalibrating expectations. Of course, generative AI is an …

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Forget Growth. Optimize for Resilience

When you build software, you add little hooks into the code so that, as users open a window, tap a picture, upload a file, the code tattles on them, sending some of their data to another company's server. Log data is sowed; reports are reaped. This is known as “analytics” …

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Your Money Is Funding Fossil Fuels Without You Knowing It

When you drop money in the bank, it looks like it’s just sitting there, ready for you to withdraw. In reality, your institution makes money on your money by lending it elsewhere, including to the fossil fuel companies driving climate change, as well as emissions-heavy industries like manufacturing. So just …

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Fresh Bitcoin Hype Shows Crypto Just Can’t Help Itself

The prospect that US residents may soon be able to invest in bitcoin through their brokerage, as if it were a regular stock, has prompted a fresh round of hype in crypto circles—and a surge in crypto prices. Several investment firms, including heavy-hitters like BlackRock and Fidelity, are queuing up …

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This Website Exposes the Truth About Soaring Food Prices

It didn't take long for Mario Zechner to prove the government wrong. In May, the independent software developer was listening to a radio interview with Austria’s labor minister, Martin Kocher, who said the government would build a new database that will help people find the cheapest milk, eggs, and other …

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The Game Theory of the Auto Strikes

The United Auto Workers strike against Detroit’s Big Three—Ford, General Motors, and Stellantis—escalated into its third week on Friday. Workers at two additional plants operated by Ford and GM walked off the job, taking the number of union members striking for better pay and benefits to more than 25,000. The …

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The US Is Mobilizing an Army to Fight the Climate Crisis

Climate change is the greatest threat humanity has ever faced, and the United States has begun mobilizing an army to fight it: the American Climate Corps. Formerly conceptualized as the Civilian Climate Corps, the new initiative will “put more than 20,000 young people on career pathways in the growing fields …

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