Why is this fancy mall in Ukraine completely lit up during a city-wide blackout? I tried to answer this question in a recent seminar I held at the University of Bologna, titled "Ukraine: a Late Capitalism War? I thought it was interesting to share its main points with you 👇🧵
BREAKING: The Bank of England will hide the identities of any pension funds, insurers or hedge funds bailed out under a new financial stability tool to prevent a wider crisis engulfing the economy, per Bloomberg.
Remember, Remember the 5th of November
"Remember, remember, the 5th of November, the Gunpowder Treason and Plot." This line from a traditional English rhyme encapsulates one of the most infamous events in British history, known as the Gunpowder Plot.
The event took place on November 5, 1605, when a group of English Catholics, led by Robert Catesby, attempted to assassinate King James I of England by blowing up the House of Lords with gunpowder.
The plot was conceived as an act of revenge against the persecution of Roman Catholics by the Protestant English government. England under King James I was experiencing heightened tensions between Catholics and Protestants, with strict laws against Catholic practices. The plotters, including the now infamous Guy Fawkes, planned to use 36 barrels of gunpowder to demolish the House of Lords during the State Opening of Parliament, where the king, many leading aristocrats, and members of the clergy would be gathered.
The plot was discovered through an anonymous letter sent to Lord Monteagle, warning him to stay away from Parliament. This led to a search of the area where they found Fawkes with the explosives. After his arrest, under torture, Fawkes revealed the names of his co-conspirators. The plot was thwarted, and its failure is celebrated annually in the United Kingdom as Bonfire Night or Guy Fawkes Night.
The Gunpowder Plot has left a lasting imprint on British culture. The day is marked by fireworks, bonfires, and the burning of effigies of Guy Fawkes, symbolizing the betrayal and the chaos that was narrowly avoided. The phrase "a Fawkesian plot" has entered the English language, signifying any grand conspiracy to undermine government or authority.
The event has also gained a place in popular culture and romanticized in literature, most notably in the graphic novel "V for Vendetta" by Alan Moore and David Lloyd, where the phrase "Remember, remember the 5th of November" plays a pivotal role. This reflects the dual nature of the event's legacy as both a foiled act of terrorism and a symbol of resistance against tyranny.
Breaching and entering a UN position is a further flagrant violation of international law and Security Council resolution 1701 (2006). Any deliberate attack on peacekeepers is a grave violation of international humanitarian law and resolution 1701.
Commercial real estate lending is one of the biggest risks to the banking sector (hello, NYCB ?) – so it’s crucial that banks have an accurate assessment of the value of the collateral they have. The ECB did an inspection on this recently, and the results are hilarious. Thread.
This article is full of bombshells. Excellent reporting by @dseetharaman.
The biggest one: OpenAI rushed testing of GPT-4o (already reported), released the model and then subsequently determined the model was too risky to release! I had a scenario like this in a forthcoming...
Former OpenAI board member Helen Toner testifies to the US Senate that many people at top AI companies believe AI "could lead to literal human extinction."
Comparing the second May 2023 flood with the current ONGOING event shows a grim, catastrophic picture. From ARPAE data this event’s even worse than that one. The above average SSTs of the Adriatic Sea are fueling a developing disaster. I fear the daytime images we’ll see tomorrow
This 228 year old painting shows St Paul's Cathedral in London... on a canal in Venice.
It's a "capriccio" — an art genre where painters simply made up impossible architectural fantasies.
And they're some of the most interesting paintings you'll ever see...