"Quelle misère que de diriger les affaires étrangères d’un peuple qui, ayant le souvenir d’une force immense et dans la réalité une puissance limitée, aspire à tout et, au fond, ne veut et peut-être ne peut rien oser. Il vaudrait mieux planter ses choux."
Tocqueville
Paris, the capital of France, has recorded more days above 40°C this week than during the 147-year period spanning from 1872 to 2019.
Historic is an understatement.
Magnifique illustration de l'îlot de chaleur urbain parisien.
La ville détruit les nuits fraîches.
Et dire que la réglementation thermique neuve utilise les données de Trappes pour un bâtiment construit à Paris.
On construit comme si l'îlot de chaleur n'existait pas.
From @WSJopinion: What happens when Europeans find out how poor they are? The Continent trails far behind U.S. economic output. Politics is bound to catch up sooner or later, writes Joseph Sternberg.
https://t.co/A5ObYF7zds
No smoking gun, but the preponderance of evidence points to smartphones, not economics, as the culprit for the global drop in fertility:
• In the US and UK, births fell first and fastest in areas that got 4G earliest
• Birth rates were stable in the US, UK and Australia until 2007; in France and Poland until 2009; in Mexico and Indonesia until 2012; in Ghana, Nigeria and Senegal until 2013-15
Each of these inflection points matches local smartphone adoption (see picture).
• The younger the age group, the sharper the drop.
• in-person socialising among young adults is dropping. In SK, by 50% in 20 years
• Sexual dysfunction is higher among heavy social media user
• Effect is largest in culturally traditional societies — Middle East, Latin America, sub-Saharan Africa
• Decline holds across countries hit hard by GFC 2008 and those not hit, fast-growing and not growing.
Excellent again @jburnmurdoch.
https://t.co/RYEMXD2bRM
🌡️Puisque tout le monde ne comprends pas trop ce qui se passe, si on prenait les anomalies de cette semaine et qu'on décidait de tout inverser ?
Une vague de froid tardive où les minimales seraient 10 à 15°C sous les normales de saison d'une fin mai, ça donnerait ça :
Startups relying heavily on organization capital to achieve economies of scale and network effects through digital technologies are more likely to become large private firms than exit earlier via an IPO or acquisition, from Rüdiger Fahlenbrach, Leandro Sanz, and René M. Stulz https://t.co/mPIf5T1j36
Governments create agencies to protect consumers from powerful industries. Then the industries take over the agencies. Stigler’s 1971 insight: this isn’t a bug in the regulatory system — it’s how the system was designed to work from the start.
1) You might have missed it but the EU just published the CMDI package – one of the most consequential pieces of bank regulation. It fixes something that has been really embarrassing about European banking regulation for more than a decade. And the impacts are huge.
Life is extending while the things that traditionally gave it meaning are in decline, says Simon Kuper.
Tap here to read his column on why life may be getting too long: https://t.co/VZ5SbvAQeB
As Iran imposes a chokehold on the Strait of Hormuz, squeezing the global economy, Trump faces a crisis that echoes one of history’s most revealing strategic failures. https://t.co/UPKW4Tf7yP