eddieosh

Neat

From the page: "They took these non-linear stochastic dynamic general equilibrium models into the basement and beat them with a rubber hose until they behaved."

The modern digital computer has its origins in Africa! Fascinating talk.

From the page: "discussions of bankers' bonuses are haunted by visions of this kind of perverse "compensation" scheme. (Annoyingly, we use the word "compensation" as though bankers were being awarded damages after the trauma of executive life.)"

We're still just at the bottom of the curve for human/computer interface design; this work shows the way ahead.

From the page: "One point I want to make is that all of us are going to have responsibilities to get this economy moving again. And when I saw an article today indicating that Wall Street bankers had given themselves $20 billion worth of bonuses -- the same amount of bonuses as they gave themselves in 2004 -- at a time when most of these institutions were teetering on collapse and they are asking for taxpayers to help sustain them, and when taxpayers find themselves in the difficult position that if they don't provide help that the entire system could come down on top of our heads -- that is the height of irresponsibility. It is shameful."

Watch, then go figure.
Strategist and expert on national security affairs Tom Barnett takes command and focuses in on the role of the United States in a geopolitical world of "core" and "gap" states.