A study conducted by Douglas Elliman Real Estate found that one in five New York retail spaces is sitting vacant; these spaces are boarded up and attract vandalism, drug-dealing, and other unsavory activities. The rate has more than tripled since 2016. Read the rest
In Walter Scheidel's new book The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century, the Stanford classics prof traces the rise and fall of inequality from humanity's history, showing how over time, the rich get richer and richer, creating an ever-more-unstable situation, until, basically, the world melts down or the people start building guillotines on their doorsteps. Read the rest
I've been fighting with voting machine vendors since Bush v Gore, when companies like Diebold brazenly sought to subvert the Supreme Court's order to standardize a secure design for US voting machines, going so far as to send out thousands of fraudulent copyright notices in a failed attempt to silence whistleblowers who'd reported defects in their systems. Read the rest
The rich world has never been more unequal, and the poor world has never richer: in 2018, we're seeing record low levels of global "extreme poverty" (a measure that's admittedly a bit fuzzy) and record levels of inequality, which wealth concentrated into a declining number of hands. Read the rest
Yandex is Russia's answer to Weibo, an everything-under-one-(semi-state-controlled)-roof online service, and its answer to Alexa is Alisa. Read the rest
Why does Elon Musk think that AI is going to kill us all? Why do so many "rationalist" techbros assume that he's right? Read the rest
Ahead of Trump's planned summit with North Korean "Supreme Leader" Kim Jong Un, the White House issued a tacky commemorative coin; once Trump sent his petulant breakup letter to Kim canceling the summit, the coin became the discounted "deal of the day" at the White House gift shop. Read the rest
Henry Kissinger -- the war-criminal who abetted Pinochet's coup in Chile, supported the genocide of Bangledeshis by Pakistan, and architected the US's secret bombing campaigns in Indochina -- is worried about AI. Read the rest
Comcast is a perennial winner of national polls for the most hated company in America, and the bigger it gets, the worse it gets: back in 2011, the Obama administration let the company swallow NBC Universal, teeing it up to powerfully benefit from the destruction of Net Neutrality under Trump; now Trump is poised to let the company buy Fox and Sky, making the company bigger and more powerful. Read the rest
After World War Two, the balance of wealth shifted dramatically: the super-rich lost so much capital during the two wars and the interwar period that their grip on power slipped, creating the space for a welfare state and other reforms. Read the rest
The subprime car-lending industry -- charging exorbitant rates for car-loans to people least suited to afford them, enforced through orwellian technologies, obscuring the risk by spinning the debt into high-risk/high-yield bonds -- is collapsing. Read the rest
Donald Trump's budget sought to punish blue states by removing income tax deductions for mortgage interest on high-ticket real estate; this was enough to prick the Manhattan property bubble, with co-op and condo sales volume dropping 25% year-on-year for Q1/18; the majority of red ink is in the luxury property market, where Q1 prices fell 15% year-on-year. Read the rest
It's been ten years since the financial crisis, when barely regulated banks destroyed the world's economy, kicked off wars, and directly and indirectly killed millions. Read the rest
