Globalisation has done wonders for Britain, though not for all Britons.
“The reason we’re allocating dollars to this sector is we think we can deliver attractive returns…It’s not because we want to do great things for the environment or great things for the world,” though he adds that that is a “great byproduct.”
Innovation vs. Invention… listen to what Paul Graham has to say.
For a moment, forget about the technology that Google creates and focus on the innovative business model — Google as a cluster company — a core plus lots of small startups; and as a VC.
The Insurance industry needs to provide leadership for a change, even though contradictingly it is accepted that most big insurers are heavily invested in those businesses that are the biggest contributors to global warming. Furthermore, even if we can convince businesses in US and Europe, how can we make our point to emerging countries who are contributing emissions that are ~5% of US, but is rapidly rising?
Adam Smith, the founder of classical economics, was certain that humankind’s knack for monetary exchange belonged to humankind alone. “Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog,” he wrote. “Nobody ever saw one animal by its gestures and natural cries signify to another, this is mine, that yours; I am willing to give this for that.” But in a clean and spacious laboratory at Yale-New Haven Hospital, seven capuchin monkeys have been taught to use money, and a comparison of capuchin behavior and human behavior will either surprise you very much or not at all, depending on your view of humans. From NY Times.
Balaji’s article is one of the better bits of analysis on the Indian economy I’ve read recently. note: with my financial background hat on!
A business & strategy viewpoint by world famous “thinker” C.K. Prahalad that I’ve just started reading is quite insightful. Having the advantage of being in 2007, five years since it was originally published in 2002, gives an opportunity to evaluate its vision and thus also to extrapolate what is about to happen. Via Sramana Mitra’s blog.
I came across some exciting research work that the UCLA CS team are doing around “the urban vehicle grid”, a vehicle-to-vehicle system (much like a peer-to-peer network), whereby vehicles may participate in opportunistic “Ad-Hoc” wireless networks and may produce data about its environment (pavement condition, weather data, physiological condition of passengers); act as an information gateway for such content; and collaborate with other vehicles (forward collision warning, intersection collision warning, ice on bridge…). Pretty cool.
Communication and Content sharing in the Urban Vehicle Grid (very detailed info)