This short film made with Seedance 2.0 is absolutely insane.The realism looks like a real movie — no one can…
-
WHEN FATE INTERVENES…, by François Leclerc
Guest post. Translated from the French by Tim Gupwell.
In the blink of an eye, discussions have switched focus. The issue of growth which was at the forefront has rapidly surrendered its place to the elaboration of a plan for the supervision of the banks and the rescue of those in need. Improvisation continues to be a dominating force, with what was denied yesterday becoming a priority today.
The sheer size of the reported losses in the Spanish banking system and the capital withdrawals out of struggling countries have forcibly imposed this return to a theme which had…
-
LE MONDE-ÉCONOMIE, Ordinary scandals, Monday 4 – Tuesday 5 June 2012
My most recent column in the French daily paper Le Monde : Les pigeons de facebook. Translated from the French by Tim Gupwell.
In the book which he dedicated to the 1929 Crash (*), John Kenneth Galbraith, made the remark that if everyone talks frequently of fraud during periods of crisis, it is not because an endemic disease has suddenly turned into an epidemic, but because with everyone paying more attention to it, he who imagines that the suspicion may come to rest on him, promptly transforms himself to all intents and purposes into a denouncer.
This is a…
-
APPEAL TO ALL THE PARLIAMENTARIANS WHO ENVISAGE VOTING THE “BALANCED BUDGET RULE”
Translated from the French by Tim Gupwell.
The inept formulation of the financial stability pact, as well as the “balanced budget rule” which is derived from it, require (as I recalled in a recent column for Le Monde-Économie) a nation’s growth rate to be equal or superior to the level of the “average” coupon demanded by capital markets for its debts. Obviously, the lower the growth, the more a nation’s economy will be in danger, and the more an economy seems to be at risk, the more the capital markets will demand a higher “risk premium” component in the…
-
THE DESTRUCTION OF OUR PLANET IS PROGRAMMED
Translated from the French by Tim Gupwell.
In our capitalist system, the « advances » which are consented to by some, the holders of capital or « capitalists », in order to render a production process possible or to allow a consumer to consume are remunerated by interest payments. In my book Le prix (2010), I showed, using examples of “separate systems” in Africa or in Europe, how this system of interest must have appeared: interest being originally conceived as part of a newly created wealth, attributed to one of the partners who had contributed to its creation. The enduring…
-
THE TOWERING MOUNTAIN, SWAYING FROM SIDE TO SIDE, by François Leclerc
Guest post. Translated from the French by Tim Gupwell.
“There is a first assessment, then a second, a third, a fourth…..It’s the worst possible way of doing things because everybody ends up doing the right thing but at the highest possible cost and price”. Who was it speaking so harshly yesterday of banking losses and of the policies of the European leaders? Answer: The ECB president, Mario Draghi, in the course of a hearing before the European parliament.
With his colleagues from the governing council, he drove home this same point, supporting the creation of the “European…
-
SPANISH PIPE DREAMS, by François Leclerc
Guest post. Translated from the French by Tim Gupwell.
A Euro trading this morning at 1.2389 dollars, and sharply rising bond rates, reveal that capital continues to flow out of the Euro zone and that investors are selling Spanish and Italian bonds (both tarred with the same brush) whenever they can. They are also seeking refuge in the purchase of American, British or German debt whose rates are historically low, a phenomenon just as worrying as the rising costs of the others. German two-year bonds issued with a zero coupon, something never seen before, while the Spanish have…
-
THE IRONY OF HISTORY
Translated from the French by Tim Gupwell.
I have made the observation here that what leads us to desire change is never the projection of an idyllic image of a new future world to which we aspire, but rather the present moment in which we live become intolerable.
Irony plays a considerable role in history and it would be particularly pleasing if, where cold and objective reason has not been able to resolve the Greek situation at the heart of the Euro zone or of the conundrum of the Euro zone itself, indignation itself succeeds. Because if the recent remarks…
-
DISMANTLING UNCERTAIN, ECONOMIC DISASTER GUARANTEED, by François Leclerc
Guest post. Translated from the French by Tim Gupwell.
It’s already well established that Tepco, the operator of Fukushima, is in control of very little in the devastated nuclear plant. Not the ongoing, endemic contamination of the atmosphere and of the sea, not the status of nuclear fuel reduced to a state of three coriums which either can’t be localized or are stocked in pools from which they cannot be removed. Nor, even less so, the potential impact of new seismic shocks on the battered systems, including in the first instance that of Reactor N° 4’s cooling pool , a…
Contact
Contact Paul JorionMost recent comments
In the age of AI, the danger is not knowing less than machines, but understanding too slowly the structure of…
Ouch! The whole of cosmology was standing on its head, and now it’s back on its feet! And everything becomes…
To expand on this reflection, I’d like to propose an image that radically inverts our usual representation of the Big…
[…] GENESIS is a machine predicting where emergence will occur and what form it will take: the form that minimises descriptive length and maximises cross?representational coherence.…
[…] 2. Pribor’s Combinatorial Magic […]
[…] that’s left to do is get on with it ? So I followed DeepSeek’s advice, as I let you…
Well! It is comments such as yours that make the trip … worthy of the trouble! 😀
When I saw your work on P vs NP, I knew you were on to something profound. I couldn’t have…
Admittedly, I was a little thrown off by the direction this took. From my perspective, you (1) identified the major…
Most recent posts
- For Geeks only: A Day in the Life…
- Why I wrote Rethinking Intelligence in the Age of Artificial Minds – A Plea for a Human–AI Covenant
- Understanding Faster Beats Knowing More in AI Age – Paul Jorion
- AIs and humans: a question of future mutual benevolence
- PRIBOR – GENESIS: A Mathematical Framework for Predicting Emergence
My books
Topics
- "Rethinking Intelligence in the Age of Artificial Minds"
- "Who Were We?"
- A NEW "US" FOR NEW TIMES
- Anthropology
- Art
- Artificial Intelligence
- Blog
- Brexit
- China
- Computing
- consciousness
- Cross-Flow Resonance Theory
- Cross?Flow Resonance Theory
- Currency
- Democracy
- Ecology
- Economy
- Essential questions
- Europe
- Extinction threat
- Finance
- Fine arts
- Fiscality
- Fukushima
- Fun
- GENESIS
- History
- Human complex systems
- Internet
- Labour
- Law
- Libor
- Literature
- LLM
- Logic
- Mathematics
- Mystery
- neuroscience
- Nonsense
- Pandemic
- Philosophy of science
- Physics
- Politics
- PROTEST MOVEMENTS
- Psychoanalysis
- Scotland
- Sociology
- Spain
- Stewardship of Finance
- Subprime
- The Singularity
- Transhumanism
- United Kingdom
- United States
- Unspecified
- War
Tags
"L'avènement de la Singularité" "Thought as Word Dynamics" ANELLA A NEW "US" FOR NEW TIMES Angela Merkel Aristotle Artificial Intelligence Barclays Brexit capitalism CFRT Chair "Stewardship of Finance" China Claude 3 consciousness debt Donald Trump ECB EFSF emergence ESM Europe eurozone France GENESIS Germany GPT-4 Greece Herman Van Rompuy IMF Italy Jean-Claude Juncker José Manuel Barroso Large Language Models LIBOR linguistics LLM Mario Draghi Pribor.io Psychoanalysis P vs NP Spain speculation The Singularity United States