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The ECB’s climate models are built on obsolete scenarios

The author is a professor of environmental studies at the University of Colorado The late Kenneth Arrow, who won the 1972 Nobel Prize in economics, once worked as a long range weather forecaster in the US military. When he realised that these weather forecasts were no more accurate than random guesses, Arrow conveyed the message…
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9 May 2021 0

Creative destruction is the silver lining of the Covid-19 crisis

If there is a silver lining to the Covid-19 crisis, it is the remarkable creativity shown by the many businesses that have thrived by transforming themselves in unexpected ways during the pandemic. The examples I’ve come across are numerous. There is the airport security company that made plans to launch a vaccine tracking app after…
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9 May 2021 0

The ECB’s climate models are out of whack

The author is a professor of environmental studies at the University of Colorado The late Kenneth Arrow, who won the 1972 Nobel Prize in economics, once worked as a long range weather forecaster in the US military. When he realised that these weather forecasts were no more accurate than random guesses, Arrow conveyed the message…
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9 May 2021 0

SpaceX launches and lands a Falcon 9 rocket booster a record 10th time

SpaceX has launched another 60 Starlink satellites — making 180 delivered to orbit in under two weeks — but the launch early Sunday morning was more notable because it set a new, key record for Falcon 9 rocket reusability. This marked the 10th flight of the first-stage rocket booster used for the launch, which sets…
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9 May 2021 0

In-game money: fantasy finance triggers real-world lawsuits

You sweat blood and tears building palaces, slaying warlords and tending crops, only to discover none of the rewards are yours. The virtual world turns out to be not so very different from feudal systems of yore, except this time the barons are gaming companies. A legal case under way in China could change that.…
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9 May 2021 0

Cultivating the principles of a company’s culture

Reid Hoffman, the billionaire Silicon Valley investor and LinkedIn co-founder, said that starting a company is “like jumping off a cliff and assembling a plane on the way down”.  French entrepreneur Jean-Charles Samuelian-Werve started out by making the aircraft’s seats. His first company, Expliseat, engineered a lightweight airline seat using titanium and composite, improving both…
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9 May 2021 0

Calpers under fire over opposition to BP climate vote

Calpers and Climate Action 100+, the influential investor group, have come under fire over the US pension fund’s decision to vote against a climate resolution at oil supermajor BP. The resolution, scheduled for a vote at BP’s annual general meeting on Wednesday, calls for the oil company to rework its net-zero plan and make more…
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9 May 2021 0

How Duolingo became a $2.4B language unicorn

At the heart of Duolingo is its mission: to scale free education and increase income potential through language learning. However, the same mission that has helped it grow to a business valued at $2.4 billion with over 500 million registered learners, has led to tensions that continue to define the business. How do you survive…
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8 May 2021 0

How one founder realized the potential of sustainable energy stored deep below our feet

On this week’s Found podcast, we sat down with Dandelion co-founder and President Kathy Hannun. Kathy came up with the idea for Dandelion while working at Google X, tackling some of the world’s most intractable problems, and making them tractable through the application of technology. Kathy realized that harnessing geothermal energy was a way to…
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8 May 2021 0