Saturday, July 9, 2016

A Careful Look at the ‘Nordic’ Socio-Economic Model

An interesting piece –
“Partanen’s principal question is the following: What’s the best way for a modern society to advance freedom and opportunity? She explains that Nordic governments do so by providing social services that the U.S. government doesn’t—things like free college education and heavily subsidized child care. Within that big question, Partanen poses more pointed questions about contemporary life in the United States: Is “freedom” remaining in a job you hate because you don’t want to lose the health insurance that comes with it? Is “independence” putting your career on hold, and relying on your partner’s income, so you can take care of a young child when your employer doesn’t offer paid parental leave or day care is too expensive? Is “opportunity” depending on the resources of your parents, or a bundle of loans, to get a university degree? Is realizing the American Dream supposed to be so stressful?”

Related: 

What is Space?

A fantastic piece on fundamental questions involving physics:
How Feynman Diagrams Almost Saved Space by Frank Wilczek
https://www.quantamagazine.org/20160705-feynman-diagrams-nature-of-empty-space/

For anyone needing a quick refresher, the following books provide an excellent reintroduction to basic first year college-level Physics topics:
Fundamentals of Physics: Mechanics, Relativity, and Thermodynamics (The Open Yale Courses Series) by R. Shankar
Fundamentals of Physics II: Electromagnetism, Optics, and Quantum Mechanics (The Open Yale Courses Series) by R. Shankar 

The Hype Surrounding Self-Driving Cars

A timely piece –
Silicon Valley-Driven Hype for Self-Driving Cars
http://www.nytimes.com/2016/07/10/opinion/sunday/silicon-valley-driven-hype-for-self-driving-cars.html

The Importance of Historical Facts [Must Read]

It is rightly noted that victors get to write history - whitewashing of uncomfortable facts is nothing new. The extent of double standards and hypocrisy in international affairs is often quite extraordinary. Here are two interesting reads on the topic:

A fantastic piece – If we return Nazi-looted art, the same goes for empire-looted by Erin Thompson.
CUNY professor Erin Thompson wonders:
“Should art looted by the Nazis be returned to the families of its original owners? Of course. Should the Elgin Marbles be returned to the Greeks? Some say yes, but many say no. What about the Benin Bronzes? Europeans took – by force – thousands of these stunning bronze sculptures from what is now Nigeria. They are now in the British Museum, the Ethnological Museum of Berlin, and other European institutions to whom they were sold to offset the expenses of ‘pacifying’ Africans. Aboriginal Australians and Native Americans are also calling in vain for the return of sacred artefacts now in European possession.
The farther we get from Western Europe, the less morally compelling we seem to find the claims of those whose art Europeans looted. Crimes committed against Western Europeans, including victims of the Nazis, merit restitution and correction whenever possible. The Greeks have a certain standing through the legacy of classical society, but they are geographically and economically on the periphery of Europe. Their claims garner less consensus. Crimes committed against Africans, Asians and indigenous peoples are clearly different. Outside of small activist circles, their claims find very little support. Why?”

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The glorification of Winston Churchill also smacks of extraordinary double standards.  Churchill’s role in the Bengal Famine of 1943-44 and his blatant and overt racism towards Asians is often ignored:
Remembering India’s forgotten holocaust: British policies killed nearly 4 million Indians in the 1943-44 Bengal Famine by RAKESH KRISHNAN SIMHA
“The Bengal Famine of 1943-44 must rank as the greatest disaster in the subcontinent in the 20th century. Nearly 4 million Indians died because of an artificial famine created by the British government, and yet it gets little more than a passing mention in Indian history books.
What is remarkable about the scale of the disaster is its time span. World War II was at its peak and the Germans were rampaging across Europe, targeting Jews, Slavs and the Roma for extermination. It took Adolf Hitler and his Nazi cohorts 12 years to round up and murder 6 million Jews, but their Teutonic cousins, the British, managed to kill almost 4 million Indians in just over a year, with Prime Minister Winston Churchill cheering from the sidelines.
Australian biochemist Dr Gideon Polya has called the Bengal Famine a “manmade holocaust” because Churchill’s policies were directly responsible for the disaster. Bengal had a bountiful harvest in 1942, but the British started diverting vast quantities of food grain from India to Britain, contributing to a massive food shortage in the areas comprising present-day West Bengal, Odisha, Bihar and Bangladesh.”

US Elections - The Funny Side

The Daily Show on American Presidential Candidates

Friday, July 8, 2016

Financial Trading – Simple Strategies

Why Traders Have Lost Their Touch by Satyajit Das
Satyajit Das notes:
“During more volatile periods, traders can take advantage of mean reversion. If something has fallen or risen after an external shock, then you buy or sell it assuming that the value will revert to a long-run average. A subtler version of this strategy exploits correlation. If something tends to move in a particular way relative to something else, and then the relationship breaks down, traders assume parity will eventually be restored.

Investing in Gold

Does gold act as an effective hedge?
http://blogs.wsj.com/moneybeat/2016/07/08/gold-its-still-a-pet-rock/