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Links 10/25/2020

UncategorizedOctober 25, 2020

Jellies Transfer a Significant Amount of Carbon to the Deep Ocean EOS Mediocre SPAC Returns Shouldn’t Be a Surprise Barry Ritholtz, Bloomberg. Special-Purpose Acquisition Vehicle. They call it a “vehicle” because it’s designed to drive…

A Broken Census Can Break Democracy

UncategorizedOctober 25, 2020

A Broken Census Can Break DemocracyThe census is best known for determining how we the people are represented. But it also quietly defends our democracy from deeper problems.Bruce Bartlett, The New Republic October, 19 202…

Shipwrecked by rents

UncategorizedOctober 25, 2020

In 2011 underwater archaeologists discovered the remains of the San José, a galleon sunk near Lubang Island, Philippines, in July 1694. It was one of 788 galleons that sailed between Manila and Acapulco, Mexico, between…

MiB: Ray Dalio, Bridgewater Associates

UncategorizedOctober 24, 2020

This week, we speak with Ray Dalio, founder and Chairman of Bridgewater Associates, the world’s largest hedge fund. Dalio is known for his practical yet unconventional understanding of economics, which he spells out in his…

Links 10/24/2020

UncategorizedOctober 24, 2020

First Asian giant hornet nest in US found in Whatcom County to be eradicated this weekend King5 A Chasm Deepens in America’s Credit Markets, Swallowing Smaller Firms Bloomberg. You say “swallowing smaller firms” like that’s…

Limited Liability: Profit Without Responsibility

UncategorizedOctober 24, 2020

Yves here. Sundaram provides an informative, high level discussion of the hazards posed by limited liability companies. One might add that they are less dangerous in a system with strong regulation, liability protection, and a…

Hard and soft skills in vocational training

UncategorizedOctober 24, 2020

Given the importance of labour market outcomes for the wellbeing of individuals and households around the globe, policymakers are growing increasingly interested in the role of vocational training in helping to improve the transition between…

Whole Lotta Love

UncategorizedOctober 24, 2020

https://www.wsj.com/articles/the-making-of-led-zeppelins-whole-lotta-love-1401390281 Small Faces You need lovin Willie Dixon was not credited for the song until he sued Led Zeppelin in 1985.. It is also generally assumed that Led Zeppelin were inspired by the Small Faces’…