I admire the student's persistence, but I didn't expect the court to be convinced by the argument "if I had known that there were consequences for handing in late, I would have not handed in late." www.raadvanstate.nl/uitspraken/@...
Marat Markert
@maratmarkert.bsky.social
Interested in Money, Monetary Policy, Central Banks, EU Politics & 🛹
Chatting about the how small language models might kill off the hyperscalers and data centres, and appreciating the irony that IBM is one of the companies on the “small, cheap and distributed” side (with their Granite SLM). klementoninvesting.substack.com/p/if-this-is...
If this is true, the hyperscalers are toast
In my regular research (behind a paywall), I have been saying for a while that I think the future of AI is not large language models (LLM), but small language models (SLM) run on local desktop compute...
klementoninvesting.substack.com
Can't pay out dividends if you make no profits
Tkt Smart Meme: Think Smart
ALT: Tkt Smart Meme: Think Smart
static.klipy.com
The Bulwark@thebulwark.com · 3w agoTrump: "If the Republicans win the House of Representatives and the United States Senate...I will issue a dividend to every adult citizen in the United States of America for $5,000."
Ex-hedgefund manager as treasury secretary will try to organize a bailout before the crash of hedge funds materializes. Who would have thought ... phenomenalworld.org/analysis/pri...
You could write a 10+ post thread on why rejected politicians start their own party (rather than taking the hint that they have no place in representative politics), their chances of electoral success, what all of this means conceptually (function of parties to recruit and socialize elites) etc. Or
Yes threatening war will make those yields certainly come down...
Acyn@acyn.bsky.social · last mo.Reporter on Bond Market: The yields have come back up since then. Have you talked to Bessent about another type of intervention.? Trump: The ultimate intervention is our military. And if we have to use that, we will.
The tech overlords want AI to replace human relations. German conservative politicians are on board: President of the Bundestag posts AI slop picturing back-to-school kids, and using AI slop music. "Don't ask - just grab" as a political motto.
Stefan Koldehoff@skoldehoff.bsky.social · 2mo ago"... wünsche ich allen KI-generierten Kindern in diesem perfekten quietschbunten Fiebertraum." Echte wollten lieber nicht?
When the objective was to create a common repo market in government bonds, treating all sovereign debt the same (haircut), was not a leap of faith. That was *creating* a sovereign debt market.
The Economist@economist.com · 2mo agoFor that, blame high national debts
Gesundheitsministerin die Krankschreiben stigmatisiert wird ausgetauscht durch jemanden der die AfD normalisiert. Ideologisch passt das alles prima zusammen...
This is nonsense: deposits are liabilities of banks, and when customers shift to stablecoins the deposits are just transferred to other banks (where stablecoin issuers are clients). After all, if stablecoin issuers are in the monetary union area they issue stablecoins in return for deposits..
Tired: I don't understand offside Wired: I don't understand how they see and decide in a split second that it's offside.
Rooting for Spain, but boy oh boy Martinez did an amazing job.
"it pays to keep an open mind, but not so open your brains fall out"
Cato Institute@cato.org · 2mo agoHow did you become a libertarian? We sat down with 10 scholars and staff at the Cato Institute—with different origin stories, areas of expertise, and concerns—to find out how they came to libertarianism, what gives them hope, and what they would fix first if they could. https://ow.ly/ObOn50Zp4W9
Batter: are you cool with trump threatening to invade Greenland? Non-stick Teflon pan: yes and I proposed to him "let's crank up the heat and do it together"
Aaron Rupar@atrupar.com · 3mo agoWOW -- Danish reporter *goes there* with Rutte "You sit next to Trump when he talks about conquering Greenland, lashes out at allies like Spain -- things it doesn't seem like the old Mark Rutte would approve of. Does this have any affect on your self-respect when you sit there and say nothing?"
What are the chances that Trump's call to Infantino was motivated by attempting to rig some sort of sports bet (or some bet on a stock of a major sports apparel brand)?
Yes, Portugal-Spain seemed boring. But to supporters of either team this was a 90+ minute thriller. Not all matches can be as exciting as BiH-US, where the whole football community talks about the game days after it has finished...
This will probably not cause shock and awe on the EU's side. Not b/c this TACO strategy is predictable and wearing thin; but because by accepting Trumps language (calling everything "deals" instead of treaties or agreements) the expectation that he will rescind is already baked in.
Sign-offs like "Warm wishes" hit different these days
Perfect soundtrack for people standing with both feet in a bucket of water and contemplating how to fit more 🧊 cubes into it on.soundcloud.com/mIyzB8XNLl8d...
Greg's Mellow Trip
For those who were asking what the mysterious mix that was put on after the DJs stopped playing outside at the Life and Death party in Art Basel, here it is. A mellow trip prepared by Greg from Thugfu
soundcloud.com
Reading this, I have two thoughts: 1) Are we really better off to include ever more financial intermediaries with profit motive in a system that is essentially based on solidarity (i.e. the current working generation pays for the current retirees), not on investment portfolio "performance"?
Follow the Money@ftm.nl · 3mo agoBrussel zet de Nederlandse pensioenmarkt open voor buitenlandse partijen. Dit kan gevolgen hebben voor 1600 miljard euro aan pensioenvermogen. Maar verandert er straks echt iets, of vooral op papier?
Pool green, tech stocks in the red, both circling the drain.
Meanwhile the people that *made* Claude ran an experiment with Claude, to see "if it cares about its continued existence" www.anthropic.com/research/age...
Eileen Clancy 🧿@clancyny.bsky.social · 3mo agoPublic intellectual Cass Sunstein has lost it. About 20% of the content is footnotes starting like, "I asked Claude if it cares about its continued existence." "If and when AI has emotions, it has moral rights, and it should be entitled to legal rights as well." papers.ssrn.com/sol3/papers....
NEW @crisesnotes.bsky.social PIECE: This is my short introduction to a new series I'm very excited about (and already have pieces written for): The Hierarchy of Finance in a Capitalist Economy. www.crisesnotes.com/a-new-series...
A New Series: The Hierarchy of Finance in a Capitalist Economy
For a long time I’ve been thinking about doing a series about the concept of a “hierarchy of finance”. This phrase refers to the fact that different households and institutions have access to financin...
crisesnotes.com
