We have this tendency to revere quotes by famous dead people even when they steer us down the wrong path. Here’s one… Nothing so undermines your financial judgement as the sight of your neighbor getting rich. – J. P. Morgan Morgan was a bully and an egotist so of course this was his take –…
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Today at a Glance: China’s energy crisis is best understood through the simple, Econ 101 lens of supply and demand, with a particular focus on the coal market. Demand-side drivers primarily include a booming recovery from COVID-19 lows and a hotter-than-normal year that increased residential power usage. Supply-side drivers include coal shortages, import restrictions, utility…
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Curse our names at the fortune of it. The blind absurdity of these cars gathered together for two days of driving, 48 blissful hours on the edge of autumn at Lime Rock Park. Our own personal legends at our disposal, keys in hand. We invited the machines that made us. Icons that have defined Road & Track across…
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The world out there can often seem as though it is hurtling to hell in a handcart: people are refusing safe vaccines for a dangerous disease, extreme weather events caused by global heating are on TV nightly, billionaires are shooting themselves into the stratosphere in penis-shaped spacecraft while record numbers of the precariously employed rely…
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One of the most famous television game shows from the heyday of the genre from the 1950s to the 1980s was Let’s Make a Deal. Its host, Monty Hall, achieved a second kind of fame when a dilemma in probability theory, loosely based on the show, was named after him. A contestant is faced with three…
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