Pfizer (PFE) Has a Moral Dilemma: Deciding Where the Vaccines Will Go - Bloomberg  

added 1 day ago by @icyflame ARCHIVES

covid19 vaccine pandemic pfizer business economics    

In late December a flurry of news stories from the Middle East revealed that Pfizer had contracted to sell millions of doses to countries in previously unreported deals. Dubai got its first doses flown in from Belgium and announced it would aim to inoculate 70% of its 3.3 million people with the Pfizer vaccine. Officials in Saudi Arabia told TV broadcaster Al Arabiya they were expecting 3 million Pfizer doses, with a third of those to be delivered by the end of February. Oman ordered 370,000, paying $30 a shot for early supplies arriving in December and $24 a shot for later shipments, the health minister told a government news outlet. This appeared to be one of the highest prices outside Israel, though lack of disclosure makes it impossible to say for sure.
Melvin Capital Improves From GameStop Reddit Struggle - Bloomberg  

added 1 day ago by @icyflame ARCHIVES

stock-market wash-trading strange motives    

He did 129 wash trades on 68 days over roughly 10 months, representing about 5.4% of the volume during that period. “On the days that Mr Horn executed wash trades, on average they accounted for 39.4% of the total market volume in McKay shares.” As far as I can tell no one told him to do this, and it ended when Stifel noticed he was doing it and told him to stop. His motivation seems to have been … sort of charmingly innocent?
Airline Titans Gordon Bethune and Bob Crandall Weigh In on Future of Flight - Bloomberg  

added 1 day ago by @icyflame ARCHIVES

airlines finance    

That being said, both Crandall and Bethune said one of the lessons the airline industry should learn from this crisis is that large-scale share buybacks are ill-advised. It’s a cash-intensive business, and there’s always the risk of some kind of unexpected crisis, Bethune said. Crandall went a step further and said buybacks should be prohibited at all companies, in every industry. “It's a popular tactic because it makes the executives rich,” he said. “Airlines absolutely should be prohibited from buying back stock. They should be at the top of the list. We know that airlines always have a liquidity problem and are always turning to the government.”
Warren Buffett’s Berkshire Letter Doesn't Take Reddit, Bitcoin Bait - Bloomberg  

added 2 days ago by @icyflame ARCHIVES

economics investing buffett    

Maybe Buffett’s style doesn’t fit the current moment, but a moment is all it is. Value investing has cycled in and out of fashion, and as fad securities sold off this week, there’s talk that it may be back “in” again. In any case, “energy” isn’t what earned Buffett his celebrity. It was patience, conviction, a sense of duty to his partners and a rejection of complex profit adjustments that are so often used to obscure and confuse. That philosophy should never go out of style.
What the New Japanese Whisky Regulations Actually Mean for Collectors - Bloomberg  

written by Brad Japhe. added 8 days ago by @icyflame ARCHIVES

liquor whiskey japan provenance    

Logistically, this is because the country doesn’t possess a ton of grain distilleries to produce the lighter, filler liquid that makes up the majority of the volume of a blend. A whisky’s robustness and weight comes from the malt, which often is produced domestically. Philosophically, the notion of provenance is actually a secondary consideration in this part of the world. Blending is the true art. It’s why Japanese whisky houses are more likely to champion master blenders than distillers on marketing material. And it’s also why Nikka is confident about preserving the precise blend of Whiskey From the Barrel, even if it means shedding the words “Japanese whisky” from its moniker.
Off the rails: Inside the craziest meeting of the Trump presidency - Axios  

written by Jonathan Swan, Zachary Basu. added 20 days ago by @icyflame ARCHIVES

trump america elections democracy defeat strange funny    

Giuliani told Trump he was going to come over to the White House. The president, having forgotten about the others on the line, hung up and cut multiple people off the call. Herschmann, Cipollone and Lyons left the Oval Office, but soon discovered that the Powell entourage had made their way to the president’s residence. They followed them upstairs, to the Yellow Oval Room, Trump's living room, where they were joined by Giuliani and Meadows. Trump sat beside Powell in armchairs facing the door, separated by a round, wooden antique table. Giuliani sat in an armchair to the right of them, while Byrne and Meadows sat on a couch. Byrne wolfed down pigs in a blanket and little meatballs on toothpicks that staff had set on the coffee table.
After Fukushima, Japan Can’t Quit Its Dirty Dependence on Coal - Bloomberg  

added 21 days ago by @icyflame ARCHIVES

japan business climate-change government    

Much of what he says comes down to this: Coal is integral to Japan’s energy security and economic health. If there's a difference between Sugiyama and the officials from METI, it's only that he’s more direct about the competition with China, a superpower whose industry is supported by cheap, coal-fired power. “It’s a subtle point, so I must be careful,” he says. “If you lose economic ability in this Japanese geopolitical location, it’s very dangerous for the existence of the nation.”
Bill Gates-Led Fund Backs Tech to Use Natural Gas Without the Carbon Impact - Bloomberg  

added 22 days ago by @icyflame ARCHIVES

climate-change natural-gas bill-gates    

C-Zero can make about 10 kilograms of hydrogen per day in a small pilot plant. The next step is to build a demonstration unit that can make 100 kg of the gas per day, followed by a commercial unit that is capable of producing more than 1,000 kg per day. Most clean-energy startups fail at the scaling stage.
Capitalism Is Struggling With the Language of Climate Change - Bloomberg  

added 22 days ago by @icyflame ARCHIVES

climate-change capitalism    

Terminology issues may even reflect a shortage of climate expertise across the top echelons of business and government. Among the 1,188 board members of the 100 largest U.S. companies, for example, only three had climate expertise and only 6% offered broader environmental expertise, according to a new study from the New York University’s Stern Business School. In the last U.S. Congress, less than 10% of elected officials had scientific qualifications. In Britain, which will host the crucial COP26 climate conference in November, only 16% of members of parliament have backgrounds in science.
This Is How Tim Cook Transformed Apple (AAPL) After Steve Jobs - Bloomberg  

added 22 days ago by @icyflame ARCHIVES

apple business china america trump sanctions management    

Cook was willing to do what was necessary to protect Apple’s China-centric supply chain, even if that meant letting Trump spin falsehoods. Trump told the Wall Street Journal in mid-2017 that Cook personally promised to build “three big plants, beautiful plants” in the U.S., which was false as well, and which Apple declined to correct. After the photo op in Austin, Trump tweeted, “Today I opened a major Apple Manufacturing plant in Texas that will bring high paying jobs back to America.” Apple let that one slide, too.
The Case of the Serial Sperm Donor - The New York Times  

added about 1 month ago by @icyflame ARCHIVES

bizarre reproduction    

What compels a sperm donor to donate so profusely? In 2013, a journal article by the Donor Sibling Registry identified three main motives, at least for average donors: money, generosity and the desire to pass along their DNA. “I think you have to look at No. 3, passing on their genes to have children,” said Ms. Kramer, the registry’s executive director. “Is it part of some men’s DNA to do this? What makes a man donate for six years? Ten years? If each donation can create between 4 and 24 kids, they can do the math. Why wouldn’t they think twice about this?”
Many South Asian Americans Tap Into Their Community To Kick-Start Their Political Careers | FiveThirtyEight  

added about 1 month ago by @icyflame ARCHIVES


As you can see in the chart below, Kulkarni successfully appealed to the South Asian American community, raising more than half of his money from other South Asian Americans during his first run in 2018, as is typical of many first-time candidates. He started out his 2020 run with the support of many South Asian American donors, too, although with his higher profile and more support from the Democratic Party, he was able to diversify his base of financial support. Still, by the end of his 2020 run, about a third of his funding from individual contributors came from South Asian Americans.
Warning Signal: the messaging app’s new features are causing internal turmoil - The Verge  

added about 1 month ago by @icyflame ARCHIVES

signal privacy messaging moxie    

Marlinspike played down the potential of crypto payments in Signal, saying only that the company had done some “design explorations” around the idea. But significant engineering resources have been devoted to developing MobileCoin integrations in recent quarters, former employees said. “If we did decide we wanted to put payments into Signal, we would try to think really carefully about how we did that,” Marlinspike said. “It’s hard to be totally hypothetical.”
‘A Total Failure’: The Proud Boys Now Mock Trump  

added about 1 month ago by @icyflame ARCHIVES

america trump loss elections    

The Proud Boys’ anger toward Mr. Trump has heightened after he did nothing to help those in the group who face legal action for the Capitol violence. On Wednesday, a Proud Boy leader, Joseph Biggs, 37, was arrested in Florida and charged with unlawful entry and corruptly obstructing an official proceeding in the riot. At least four other members of the group also face charges stemming from the attack.
The Puzzling Dismissal Of Aadhaar Review Despite Pendency Of Larger Bench Reference On Money Bill Issue  

added about 1 month ago by @icyflame ARCHIVES

aadhaar central-govt judiciary india    

It is settled that 'the decision on a question of law on which the judgment of the Court is based has been reversed or modified by the subsequent decision of a superior court in any other case, shall not be a ground for the review of such judgment"." However, nothing stopped the Court to keep the petitions pending till a larger bench decides the very same issue now before it. By doing so, the court could have avoided a perception that it is sweeping the review petitions under the carpet.
Jack Ma Emerges for First Time Since Ant, Alibaba Crackdown - Bloomberg  

added about 2 months ago by @icyflame ARCHIVES

china government surveillance    

The [Chinese] government has increasingly sought to exert influence over the extent to which companies from Tencent Holdings Ltd. to ByteDance Ltd. amass data and direct commerce and media. The same month Ant’s IPO was scuttled, the nation’s top antitrust watchdog published new guidelines warning tech giants against monopolistic practices from forced exclusive arrangements to collusion on data. While Ant and Alibaba have borne the brunt of that assault since November, investors have since sold off peers from Tencent to Meituan. Both stocks rallied more than 3% on Wednesday.
What If You Could Do It All Over? | The New Yorker  

written by Joshua Rothman. added about 2 months ago by @icyflame ARCHIVES

eternal-recurrence life philosophy    

On the one hand, we understand that we could have turned out any number of ways; we know that we aren’t the only possible versions of ourselves. But, on the other, we feel that there is some fundamental light within us—a filament that burns, with its own special character, from birth to death. We want to think that, whoever we might have been, we would have burned with the same light.
What Do We Want from Poetry in Times of Crisis? | The New Yorker  

written by Clare Bucknell. added about 2 months ago by @icyflame ARCHIVES

philosophy pandemics writing poems needs    

Pandemics are disconcerting because they reveal that people are not only more similar than they like to think but, in some essential ways, identical—made up of the same cells, the same weaknesses. At the same time, they’re disconcerting because they point out demographic differences we’re ordinarily able to ignore, like the chasms between rich and poor. Anthologies, with their diverse voices but convergent ideas, envision a public sphere in which solidarity doesn’t require uniformity. They show us bound—literally—by sympathy and ideals rather than mere biology.
The Hard Crowd | The New Yorker  

written by Rachel Kushner. added about 2 months ago by @icyflame ARCHIVES

personal-history writing autobiographical-writing    

I never wrote about most of the people from the Blue Lamp. The bar is gone. The main characters have died. Perhaps I feared that if I transformed them into fiction I’d lose my grasp on the real place, the evidence of which has evaporated. Or perhaps a person can write about things only when she is no longer the person who experienced them, and that transition is not yet complete. In this sense, a conversion narrative is built into every autobiography: the writer purports to be the one who remembers, who saw, who did, who felt, but the writer is no longer that person. In writing things down, she is reborn. And yet still defined by the actions she took, even if she now distances herself from them. In all a writer’s supposed self-exposure, her claim to authentic experience, the thing she leaves out is the galling idea that her life might become a subject put to paper. Might fill the pages of a book.
Broken News | The New Yorker  

written by Emily Nussbaum. added about 2 months ago by @icyflame ARCHIVES

newsroom sorkin hbo tv-show    

“The Newsroom” is the inverse of “Veep”: it’s so naïve it’s cynical. Sorkin’s fantasy is of a cabal of proud, disdainful brainiacs, a “media élite” who swallow accusations of arrogance and shoot them back as lava. But if the storytelling were more confident, it could take a breath and deliver drama, not just talking points. Instead, the deck stays stacked. Whenever McAvoy delivers a speech or slices up a right-winger, the ensemble beams at him, their eyes glowing as if they were cultists. The series turns Will McAvoy into the equivalent of the character Karen Cartwright, on “Smash,” the performer who the show keeps insisting is God’s gift to Broadway. Can you blame me for rooting for McAvoy’s enemies, all those flyover morons, venal bean-counters, sorority girls, and gun-toting bimbos? Like a political party, a TV show is nothing without a loyal opposition. ♦

Cutouts is an open source application. Code licensed under the MIT license. Copyright 2018 Siddharth Kannan