“The offshore world is not a bunch of independent states exercising their sovereign rights to set their laws and tax systems as they see fit.”

Nicholas Shaxson: …the offshore world is not a bunch of independent states exercising their sovereign rights to set their laws and tax systems as they see fit. It is a set of networks of influence controlled by the world’s major powers, notably Britain, the United States, and some jurisdictions in Europe. Each network is deeply […]

Surrounded Islands

On May 7, 1983, the installation of Surrounded Islands was completed in Biscayne Bay, between the city of Miami, North Miami, the Village of Miami Shores and Miami Beach. Eleven of the islands situated in the area of Bakers Haulover Cut, Broad Causeway, 79th Street Causeway, Julia Tuttle Causeway, and Venetian Causeway were surrounded with […]

“Bad news sells because the amygdala is always looking for something to fear.”

Peter H. Diamandis & Steven Kotler: The amygdala is an almond-shaped sliver of the temporal lobe responsible for primal emotions like rage, hate, and fear. It’s our early warning system, an organ always on high alert, whose job is to find anything in our environment that could threaten survival. Anxious under normal conditions, once stimulated, […]

“We’re moving 1 billion bottles of water around a week in ships, trains, and trucks in the United States alone.”

Charles Fishman: Americans spent $21 billion on bottled water in 2009. It doesn’t seem like an astonishing sum of money – about $65 per person, $1.25 a week. But in the context of water, $21 billion is huge. Consider, for instance, what Americans spend for all the water delivered to their homes – 350 gallons […]

“SPY is the world’s most-traded security. On average, SPY trades $25 billion worth of shares each day, or $6 trillion a year”

Eric Balchunas: Today, SPY is the world’s most-traded security. On average, SPY trades $25 billion worth of shares each day, or $6 trillion a year – four times as much as Apple, the second-most traded security. In fact, SPY trades as much as the 24 most-traded stocks combined. It also accounts for about $50 billion […]

“I consider that we are still monkeys; we just came down from the trees rather recently, and it’s astonishing how well we can do.”

Freeman Dyson: I consider that we are still monkeys; we just came down from the trees rather recently, and it’s astonishing how well we can do. The fact that we can even write down partial differential equations, let alone solve them, to me is a miracle. The fact that we ourselves at the moment have […]

“Trump found the flaw in the American Death Star. It doesn’t know how to turn the cameras off, even when it’s filming its own demise.”

Matt Taibbi: Trump isn’t the first rich guy to run for office. But he is the first to realize the weakness in the system, which is that the watchdogs in the political media can’t resist a car wreck. The more he insults the press, the more they cover him: He’s pulling 33 times as much […]