Sunday, November 1, 2026

Analog versus Digital

‘I can’t pay for anything’: 10-hour blackout exposes risk-taking Revolut
https://www.telegraph.co.uk/business/2026/10/31/i-cant-pay-for-anything-10-hour-blackout-exposes-revolut/
A technical snag shows the fintech has a long way to go to compete with the high street banks.
 
It’s time to prepare the back-up economy 
https://www.telegraph.co.uk/business/2026/10/31/its-time-to-prepare-the-back-up-economy/
This perhaps is the real problem. We have spent decades optimizing the economy for frictionless connectivity and dismantling analogue systems, only to discover that friction may be precisely what makes systems secure. It’s hard to imagine a more literal illustration of Chesterton’s fence: the principle that we should never tear down a barrier before understanding why it was erected in the first place. 

Vendor Financing and the AI Trade

The Tangled Web of AI Bets Is Reason to Fear Tech Stocks
https://www.wsj.com/tech/the-tangled-web-of-ai-bets-is-reason-to-fear-tech-stocks-905bde86
Vendor financing is back in a new form and it magnifies the AI trade on the way up—and down. 

Political Corruption in America

Are we Starting to See AI's Impact on the Job Market?


Goldman says AI layoffs are starting to leave a ‘long-lasting’ scar, just like the last 40 years of history
https://fortune.com/2026/10/30/goldman-sachs-ai-layoffs-displaced-workers-older-workers-past-tech-disruptions/
 
The New Hot Job in Law Doesn’t Require a J.D.
https://www.nytimes.com/2026/10/31/business/dealbook/legal-engineer-ai-law.html
Big law firms, legal tech vendors, and in-house legal departments at companies like Microsoft and Nvidia are all hiring legal engineers, a new position for lawyers with A.I. skills.