70
Siege of Jerusalem: Titus and his Roman legions breach the Second Wall of Jerusalem. The Jewish defenders retreat to the First Wall. The Romans build a circumvallation, cutting down all trees within fifteen kilometers.
1431
Hundred Years’ War: in Rouen, France, 19-year-old Joan of Arc is burned at the stake by an English-dominated tribunal. Because of this the Catholic Church remembers this day as the celebration of Saint Joan of Arc.
1806
Andrew Jackson kills Charles Dickinson in a duel after Dickinson had accused Jackson’s wife of bigamy.
1814
Napoleonic Wars: War of the Sixth Coalition – the Treaty of Paris (1814) is signed returning French borders to their 1792 extent. Napoleon Bonaparte is exiled to Elba.
1854
The Kansas-Nebraska Act becomes law, establishing the US territories of Nebraska and Kansas.
1871
The Paris Commune falls.
The Paris Commune falls.
***
Grownups report: President Trump's name must be removed from the Kennedy Center, according to an order signed Friday by a D.C. district judge.
***
Claude Lemieux, who became a successful agent after his 21-season NHL career, in which he won four Stanley Cups, died by suicide on Thursday, according to authorities. He was 60.
***
Astonishing:
Astonishing:
Peter Thiel appears to have found a new spot. He isn't alone in looking beyond America's shores.
The PayPal and Palantir cofounder and prominent libertarian has been spending more time in Argentina, The New York Times reported, where he has enrolled his children in school and bought a home in one of Buenos Aires' wealthiest neighborhoods.
Among the ultrawealthy, that fits a larger pattern. The rich are treating their lives in America like part of an investment portfolio: still worth betting on, but increasingly in need of a hedge.--BI
***
The PayPal and Palantir cofounder and prominent libertarian has been spending more time in Argentina, The New York Times reported, where he has enrolled his children in school and bought a home in one of Buenos Aires' wealthiest neighborhoods.
Among the ultrawealthy, that fits a larger pattern. The rich are treating their lives in America like part of an investment portfolio: still worth betting on, but increasingly in need of a hedge.--BI
***
Stats
*
Early results provide no clear evidence that a school's smartphone ban policy reduced screen time or improved psychological well-being.
*
Estimates of data center impact show positive effects on total employment, data-processing employment, construction employment, establishments, house prices, and electricity prices at different horizons after data center growth. We also find positive effects on tax returns, adjusted gross income, and wages, while annual payroll responds less robustly. The results suggest that data centers create measurable local activity, increase house prices, and affect local electricity markets through higher prices.
*
Outside of Sloan and the EECS MEng program, still in the midst of admissions, compared with 2024, our departments’ new enrollments for next year are down close to 20%.
That means that, in total, outside of Sloan, we could have about 500 fewer graduate students. Which means we’ll have many fewer students advancing the work of MIT, and undergraduates will have fewer grad students as mentors in their research.- The president of MIT
*
U.S. natural gas consumers have saved $4.5-$5.3 trillion between 2007 and 2025, equivalent to $237-$276 billion annually.
*
Healthcare and Social Assistance have added nearly 1.8 million private-sector jobs in the US since the end of 2023 while all of other industries combined have lost 127,800 jobs.
*
Chinese battery manufacturer Calb has broken ground on a €2 Billion gigafactory in southern Portugal which is expected to represent more than 4% of the country’s GDP when in full swing.”
*
Latin America is the new frontier for Old Colony Mennonites. They are spread across 200 colonies with 200,000 people in a combined area almost equal to that of the Netherlands and twice that of Israel.
*
Quality-adjusted AI production in the United States grew at over 2,000 percent per year in 2024 and 2025, driven by three compounding forces: expanding data-center capacity, hardware efficiency gains, and—the largest of the three—algorithmic progress.
Treating the AI sector as a coherent economic entity yields preliminary estimates of nominal AI GDP at approximately $250 billion in 2025, growing at roughly 2,600 percent per year in quality-adjusted real terms.
National economic statistics accounts were not designed to track this kind of activity. Statistics agencies should begin developing AI-focused satellite accounts now, before the measurement gap becomes a policy gap.
*
“For the first time in decades, new and recent graduates with at least a bachelor’s degree have consistently higher unemployment rates than the overall American workforce, according to data on 22-to-27-year-olds compiled by the Federal Reserve Bank of New York.”
*
Households expecting children report shorter financial planning horizons, which may explain their lower risk-taking. These results suggest declining fertility can increase young adults’ stock market participation through childbearing expectations.
*
In Tajikistan, remittances — the money sent or brought back by migrants — amounted to 48% of GDP in 2024.
According to a report from the International Organization for Migration, about 1.2 million Tajiks were in Russia in mid-2024, which is more than a tenth of Tajikistan’s total population.
*
Exposure increases interclass (high- and low-parent-income) marriage but has no detectable effect on interracial (White and Black) marriage. A spatial marriage market model predicts that residential segregation—one of many forms of exposure—accounts for more than one-third of marital sorting by class but less than 5% by race.
Early results provide no clear evidence that a school's smartphone ban policy reduced screen time or improved psychological well-being.
*
Estimates of data center impact show positive effects on total employment, data-processing employment, construction employment, establishments, house prices, and electricity prices at different horizons after data center growth. We also find positive effects on tax returns, adjusted gross income, and wages, while annual payroll responds less robustly. The results suggest that data centers create measurable local activity, increase house prices, and affect local electricity markets through higher prices.
*
Outside of Sloan and the EECS MEng program, still in the midst of admissions, compared with 2024, our departments’ new enrollments for next year are down close to 20%.
That means that, in total, outside of Sloan, we could have about 500 fewer graduate students. Which means we’ll have many fewer students advancing the work of MIT, and undergraduates will have fewer grad students as mentors in their research.- The president of MIT
*
U.S. natural gas consumers have saved $4.5-$5.3 trillion between 2007 and 2025, equivalent to $237-$276 billion annually.
*
Healthcare and Social Assistance have added nearly 1.8 million private-sector jobs in the US since the end of 2023 while all of other industries combined have lost 127,800 jobs.
*
Chinese battery manufacturer Calb has broken ground on a €2 Billion gigafactory in southern Portugal which is expected to represent more than 4% of the country’s GDP when in full swing.”
*
Latin America is the new frontier for Old Colony Mennonites. They are spread across 200 colonies with 200,000 people in a combined area almost equal to that of the Netherlands and twice that of Israel.
*
Quality-adjusted AI production in the United States grew at over 2,000 percent per year in 2024 and 2025, driven by three compounding forces: expanding data-center capacity, hardware efficiency gains, and—the largest of the three—algorithmic progress.
Treating the AI sector as a coherent economic entity yields preliminary estimates of nominal AI GDP at approximately $250 billion in 2025, growing at roughly 2,600 percent per year in quality-adjusted real terms.
National economic statistics accounts were not designed to track this kind of activity. Statistics agencies should begin developing AI-focused satellite accounts now, before the measurement gap becomes a policy gap.
*
“For the first time in decades, new and recent graduates with at least a bachelor’s degree have consistently higher unemployment rates than the overall American workforce, according to data on 22-to-27-year-olds compiled by the Federal Reserve Bank of New York.”
*
Households expecting children report shorter financial planning horizons, which may explain their lower risk-taking. These results suggest declining fertility can increase young adults’ stock market participation through childbearing expectations.
*
In Tajikistan, remittances — the money sent or brought back by migrants — amounted to 48% of GDP in 2024.
According to a report from the International Organization for Migration, about 1.2 million Tajiks were in Russia in mid-2024, which is more than a tenth of Tajikistan’s total population.
Exposure increases interclass (high- and low-parent-income) marriage but has no detectable effect on interracial (White and Black) marriage. A spatial marriage market model predicts that residential segregation—one of many forms of exposure—accounts for more than one-third of marital sorting by class but less than 5% by race.
*
Economic relocation to the US vs Europe:
Economic relocation to the US vs Europe:
No comments:
Post a Comment