This American Life's hour-long show on "credit-default swaps" is the best explanation I've heard so far for what the hell these things are and how they ended up causing so much havoc. I keep asking economists, bankers, and finance people what this is all about and while I understood that somehow an exotic, unregulated, non-standardised financial instrument had created trillions in semi-illusory wealth, I just couldn't really understand exactly what that meant. This hour-long audio show does a great job of explaining the technicalities of CDSes, and then delves into their history, regulatory context, and problems, ranging from Congress to bankers to people on the street. Great stuff -- an hour well spent.
Another Frightening Show About the Economy
IEEE Spectrum’s David Schneider participates in Quaker meetings where there are many elderly people who, even though they are wearing hearing aids, have a hard time catching comments from others around the room. One common solution to this problem is to provide headphones with FM receivers to pick up the sounds of the microphones. That […]
Jason Klamm from the Comedy on Vinyl podcast (previously) writes, "In late 2018, I uncovered the true identity of comic Dick Davy. Since starting his archive, I've come across some real gems, but in August, one find took the cake. His niece, Sharon, mailed me two records that had been sitting in a box, and […]
Composer Janek Schaefer drew from the work of John Cage, DJ Shadow, The Orb, Marina Abramović, Steve Reich, Chris Watson, and so many other greats to create this powerfully evocative and weird 90 minute mix. A former architect, Scahefer has masterfully designed a haunting, expansive environment of found sound. This is the way, step inside… […]
For wine lovers around the world, it’s all about discovery. Once they get a taste for the grape, oenophiles are rarely satisfied with even the most carefully curated, go-to vintages. There’s always a hunt for the next great pairing, the thrill of uncorking a bold new Tempranillo or sublime Moscato. That feeling is a jones […]
These toys and games can keep the kids busy while you’re all trapped inside. As rough as all this time cooped up inside the house is on us adults, it’s even worse for kids. All that borderline maniacal energy along with an unquenchable thirst for stimulation and attention make home sequestration like a life sentence […]
Python is everywhere. Just look under the hood of virtually every major tech player of the 21st century and you’re likely to find a whole lot of Python-based coding language staring back at you. Case in point: Netflix. You may not know it, but from its security protocols to its much-hyped recommendations, it turns out […]