This short film made with Seedance 2.0 is absolutely insane.The realism looks like a real movie — no one can…
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“How should one define a catastrophic scenario in a situation such as this?”
Frankly has been so kind as to translate my most recent post. The original French version is here.
“How should one define a catastrophic scenario in a situation such as this?”
There is no panic yet in the American financial markets, but disquiet is spreading. The Dow Jones industrial index fell by 3.3% over the last four trading sessions, half of the decline occurring yesterday.
During the fateful weekend of September 13th and 14th of 2008 the upper echelons of American finance conducted a review of all that could turn sour if they let Lehman Brothers go under.Everything…
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IGNORING LESSONS LEARNT
My most recent column in the French daily paper Le Monde : Le risque systémique court toujours. As usual the translation is due to Bénédicte.
Lehman Brothers’ bankruptcy, on September 15, 2008, and its aftermath – more than one trillion dollars being injected into the financial system – have caught people’s attention about financial firms “too big to fail”, i.e. that their bankruptcy is bound to automatically cause the downfall of the entire financial system.
On June 15, the Bank for International Settlements in Basel, that is to say “the central bank of central banks”, announced the measures…
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My lecture at the Zermatt Summit, on the 16th of June 2011
Now online.
I defend my proposal of a prohibition of wagers on the evolution of prices (which was standard in the 19th century) within the framework of a Constitution for the Economy.
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NEDERLAND 2, “Brandpunt”, Sunday 3d July 10:15 p.m.
I’ll be on the Dutch television on Sunday night. I’m being interviewed by Aart Zeeman in a broadcast that kro produces.
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Healthy / destructive system of capitalism (2d version), by Lambert de Haas
Guest post. Taking advantage of my interview with Caroline de Gruyter in NRC Handelsblad, Lambert de Haas has put this all together. He’s expecting your remarks to make further improvements.
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NRC Handelsblad, “Dit kapitalisme is gedoemd te mislukken”, Saturday June 18th 2011
For those of you who read Dutch: an interview I had with Caroline de Gruyter, of the renowned financial daily NRC Handelsblad.
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LE MONDE ÉCONOMIE, e-G8 : the new upcoming world, a spitting image of the old one, June 6th 2011
“Without the networks, Internet is nothing … Internet is not just a question of liberties, it is a question of money.”
When Stéphane Richard, CEO of Orange, one of the main sponsors of the e-G8, held in Paris on 24 and 25 May, uttered these unambiguous words, everybody in France seemed to be relieved: the debate about civil liberties on the Internet – which Bernard Kouchner wanted to make the central topic of this e-G8 – was put off until later, while the inexorable course of its commodification has been going on unhindered.
Lawrence Lessig, a Law professor at…
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The financial community has lost all credibility
Here is my monthly column for May for the Economy supplement of the daily Le Monde. It was translated, courtesy of Bénédicte.
For every attempt at a financial overhaul, a similar method has been used: consultation of the financial community by the authorities, followed by negotiations towards a compromise between the demands of both parties.
The essential condition for such a method to succeed is that the financial industry would relate with the common good and recognize and promote the need to ensure a framework that maintains the sustainability of financial institutions without affecting the overall health of…
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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…
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