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  1. kalenjin shared this story from Macro Man.

    Greetings again Macro Man readers! Those that remember my work here will know that I couldn't let the Mexican election pass without some sort of commentary. I decided it would be a little passe to write up 800 words on my opinion. Instead I decided to let a talking rabbit do the work for me. Enjoy!


    Shawn
    @EMInflationista
  2. kalenjin shared this story from Steven Landsburg | The Big Questions: Tackling the Problems of Philosophy with Ideas from Mathematics, Economics, and Physics.

    armydad

    I found this among my father’s papers. He wrote it as a 20-year old infantryman who had been in combat for about six months.

    I am struck by the eloquence, and doubly struck that he managed to be eloquent in the medium of pen-and-ink, with no copy/paste/delete and not even any crossouts:

    Monday, Jan. 8 (1945)

    Dear Mother and Dad:

    Well, the new year has arrived and with it, sadly enough, have come no great changes. The war is still being fought, I and millions of other boys are still several thousands of miles away from home and our loved ones, and it almost seems as if there will never be an end to this useless, heart-breaking, killing war.

    Whether a man is German, American, or French, he looks just the same when he is wounded, dying or dead. The battlefield bullet is a great leveler; it can make the biggest man very small or the weakest man a hero, but in this war most of the heroes are dead.

    We who are actively engaged in defeating the enemy would not hesitate to lay down our arms and surrender if we thought

    ...
  3. kalenjin shared this story from FlowingData.

    Pedro M. Cruz, John Wihbey, Avni Ghael and Felipe Shibuya from Northeastern University used a tree metaphor to represent a couple centuries of immigration in the United States:

    Like countries, trees can be hundreds, even thousands, of years old. Cells grow slowly, and the pattern of growth influences the shape of the trunk. Just as these cells leave an informational mark in the tree, so too do incoming immigrants contribute to the country’s shape.

    Feels real.

    Tags: ,

  4. kalenjin shared this story from FlowingData.

    In the early 1990s, the CIA published internal survey results for how people within the organization interpreted probabilistic words such as “probable” and “little chance”. Participants were asked to attach a probability percentage to the words. Andrew Mauboussin and Michael J. Mauboussinran ran a public survey more recently to see how people interpret the words now.

    The main point, like in the CIA poll, was that words matter. Some words like “usually” and “probably” are vague, whereas “always” and “never” are more certain.

    I wonder what results would look like if instead of showing a word and asking probability, you flipped it around. Show probability and then ask people for a word to describe. I’d like to see that spectrum.

    Tags: ,

  5. kalenjin shared this story from Visual Capitalist.

    The 10 Most Impressive Civil Engineering Projects of All Time

    The 10 Most Impressive Civil Engineering Projects of All Time

    With every day that passes, thousands of new civil engineering projects are completed around the globe. They might be as simple as building the foundation for a house or as complex as designing a suspension bridge that spans an entire river.

    Once in a while, however, a very special type of civil engineering marvel gets finished that is earmarked to forever exist in a league of its own.

    Civil Engineering Feats

    Today’s infographic comes to us from Norwich University, and it counts down the 10 most impressive civil engineering projects ever completed by humanity.

    These unique and extremely bold endeavors tend to exceed all normal standards of size, complexity, and manpower required. They transcend time and bestow wonder upon new generations, showing that incredible feats are possible with the right team, ideas, and expertise at hand.

    Some of these projects were also included on the 1994 list of the Seven Wonders of the Modern World, put together by the American

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  6. kalenjin shared this story from Visual Capitalist.

    A Short History of U.S. Trade Wars

    Infographic: A Short History of U.S. Trade Wars

    The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

    History is full of trade wars.

    In the majority of cases, the consequences are mostly economic – trade barriers are enacted, and then retaliatory measures are used to counter. Relations can continue to escalate until an understanding can be reached by both parties.

    In the minority of cases, trade wars can lead to world-changing consequences.

    You may remember that the Boston Tea Party of 1773 was a bold response to an unfair trade measure imposed by a ruling power, and it proved to be a key catalyst that led to the American Revolution.

    Meanwhile, the Opium Wars occurred after the Qing Dynasty (China) tried to prevent British merchants from selling opium to the Chinese in the 1830s. These trade barriers led to armed conflicts, and effectively put the nail in the coffin of the Qing Dyasty – the start of China’s infamous “century of humiliation”.

    U.S. Trade Wars

    Today’s chart pulls together details on some of the biggest trade conflicts in

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  7. kalenjin shared this story from The Big Picture.

    This week, we speak with Dave Butler, Co-Chief Executive Officer and Head of Global Financial Advisor Services at Dimensional Fund Advisors (DFA), which manages $600 billion dollars. Butler, was a star college basketball player for University of California, Berkeley, before being drafted by the Boston Celtics. A career ending injury when he was young sent…

    Read More

    The post MIB: Dave Butler, Dimensional Fund Advisors Co-CEO appeared first on The Big Picture.

  8. kalenjin shared this story from Visual Capitalist.

    How Long Does It Take to Hit 50 Million Users?

    How Long Does It Take to Hit 50 Million Users?

    The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

    Imagine it’s the year 1960, and you’re an entrepreneur that’s about to launch the next big thing.

    Let’s assume that your product is actually pretty revolutionary, and that you’re going to receive widespread buzz and word-of-mouth traction. How quickly do you think it could be adopted by millions of users?

    Before the internet and consumption of digital goods, the use of a product could only spread as fast as you could manufacture the physical good. You would first need many millions of dollars in capital, a plant, a workforce, and inventory. Then, once the product is ready for distribution, you’d need mass advertising, word-of-mouth, sales channels, and press coverage to stand a chance.

    Even then, if the product is really revolutionary, you’re looking at a decade or more for it to get widespread adoption.

    Atoms Versus Bytes

    Automobiles took 62 years to be adopted by 50 million users. The telephone took three years just to be in the homes of 50,000 people.

    But these are both

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  9. kalenjin shared this story from The Big Picture.

    The post The Demographics of Wealth appeared first on The Big Picture.

  10. kalenjin shared this story from The Big Picture.

      The transcript from this week’s MIB: Dr. Ed Yardeni is below. You can stream/download the full conversation, including the podcast extras on iTunes, Bloomberg, Overcast, and Stitcher. Our earlier podcasts can all be found on iTunes, Overcast, Stitcher and Bloomberg. ~~~   ANNOUNCER: Masters in Business is sponsored by Harvard Business School Executive Education offering four comprehensive leadership programs that transfer rising executives…

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    The post Transcript: Dr. Ed Yardeni appeared first on The Big Picture.