@nauviewOG@AskFareeha https://t.co/7EG2UCLVXP
"Purple continues to state its fire-barrier material is a “silica fiber,” distinct from the fiberglass at issue in confirmed settlements affecting other mattress brands."
Yeah sure Purple®, still grounds for a lawsuit.
Photo: Aftermath of the Bud Dajo Massacre, Jolo Island, Sulu, Philippines, March 7, 1906.
The assault, sometimes called the "Battle Above the Clouds," took place after hundreds of Moros who resisted the imposition of American colonial laws took refuge inside the extinct volcanic crater of Bud Dajo, where they constructed defensive cottas.
U.S. forces under Major General Leonard Wood surrounded and bombarded the stronghold before storming it, killing more than 600 men, women and children.
The massacre was part of the wider American military campaign against the Moro population of the southern Philippines.
U.S. soldiers pose for the camera amid the aftermath.
@reonerra This really invokes the endless loyalty that dogs have protecting their human.
It kinda gives off Lúthien and Huan the hound, but I'm sure others would determine a different relationship 👀
Insurance is the oldest of the four ways. It is a nine-trillion-dollar global industry. The equation underneath it was invented in 1560 by a broke Italian gambler.
His name was Girolamo Cardano. He wrote a book called Liber de Ludo Aleae. A short manual on how to win at dice. Nobody in finance read it for four hundred years.
Then in 1996 a ninety-year-old man in New York wrote a book that traced every modern risk model back to that manual. He called it Against the Gods. One thesis. Every dollar of premium ever collected on Earth is a footnote to a gambler scribbling in Milan.
His name was Peter Bernstein. He founded the Journal of Portfolio Management in 1974 and ran money at Bernstein-Macaulay before that. Wall Street called him the historian of risk.
In 2008 a small production company filmed him for thirteen minutes. He walked through the entire five-hundred-year arc. Cardano to Pascal to Fermat to Black-Scholes. Then he stopped and said the industry had built glass towers on the back of an idea a broke Italian scribbled to settle a card debt.
He died the following summer. Age ninety.
Reinsurance premiums crossed six hundred billion dollars last year. Every actuary on Earth prices catastrophe risk with the same expected-value framework Cardano invented to shave the house edge in Milan.
The video is thirteen minutes and twenty-two seconds long. Free. Eleven years on YouTube. Twenty-nine thousand people have watched it.
Almost none of them work in insurance.
“The contribution made by American capitalism to German war preparations before 1940 can only be described as phenomenal. It was certainly crucial to German military capabilities.”
-Excerpt from British-American scholar Antony C. Sutton’s Wall Street and the Rise of Hitler