Understanding Economics: Capital Isn’t Capitalism
Yves here. Confucius said that the beginning of wisdom is calling things by their proper…
Understanding Economics: Capital Isn’t Capitalism
Yves here. Confucius said that the beginning of wisdom is calling things by their proper names. So the clarification of what capital amounts to is more important than it might seem. By Richard Murphy, Emeritus Professor of Accounting Practice at Sheffield University Management School and a director of Tax Research LLP. Originally published at Funding…
Why the Microsoft 365 Outage Is Different and Why It Takes So Long to Restore Email Services
Yves here. Since many readers are tech-knowledgeable, I hope this post o Microsoft 360 falling over will stimulate a broader discussion of Internet/system dependence and increasing fragility. In Links, we cover the FAA nation-wide ground halt, which appears to be the result of a botched AI rollout. The fact that the FAA is investigating says…
Socceroos crush Asian Cup champions Qatar 3-0 in Doha demolition
The Socceroos have enjoyed one of their most emphatic outings under Tony Popovic, outclassing woeful Asian Cup holders Qatar 3-0 with a statement win in front of the champions’ home fans in Doha. Goals from Riley McGree, Tete Yengi and Nestory Irankunda in a dominant first-half display put the one-sided friendly to bed by the…
Brisbane Heat thump Hobart Hurricanes by 10 wickets in WBBL
Brisbane have continued their stunning WBBL rejuvenation in spectacular style, annihilating hapless Hobart by 10 wickets with a staggering 86 balls to spare. After skittling the Hurricanes for just 86 in 17.5 overs at Bellerive Oval on Saturday, the Heat wasted no time securing themselves a fourth win in six matches, taking just 5.4 overs…
Geelong ruck Piper Dunlop stretchered from field in AFLW semifinal with Sydney
Geelong Cats ruck Piper Dunlop has been stretchered from the field on a motorised cart in concerning scenes during her side’s AFLW semifinal clash with the Sydney Swans. Dunlop went down after a head clash with Sydney’s Tanya Kennedy during the third quarter at Kardinia Park. She initially returned to her feet before becoming unsteady…
Links 11/14/2026
This magic mushroom can kill ScienceNews Across the U.S., homegrown experiments aim to save kids from their phones STAT CDC Report Highlights Growing Threat From Drug-Resistant Germs JAMA New paraquat research again points to Parkinson’s link The New Lede #COVID-19/Pandemics Millions of Ebola dollars missing with staff unpaid while virus spreads, charity says BBC Climate/Environment…
Kaylee McKeown returns to action, Lani Pallister stars at Swim GP in Melbourne
Lani Pallister produced the race of the evening and Kaylee McKeown made a successful return in the opening session of the inaugural Swim GP. This is McKeown’s return to competition after the backstroke star pulled out of the Glasgow Commonwealth Games because of glandular fever. She won the 50m backstroke skins event, beating Iona Anderson…
Mahli Beardman’s six-wicket haul on debut a cause for celebration across regional WA
While Mahli Beardman’s record-setting demolition of England may have stunned the visitors, those who watched his development as a junior say it’s no surprise. On a day when fresh hostilities in the Sandpaper scandal dominated the headlines, the West Australian fast bowler’s 6/24 skittled the visitors and gave Australian cricket a much-needed bit of good…
What Did the German Term Spread Predict for 2024?
The 10yr-3mo German spread, hitherto a pretty good predictor, inverted at 2022M12. Hitherto a pretty good predictor of German recessions (as labelled by ECRI), the implied probability was 70%, using a plain vanilla spread regression. From Chinn and Ferrara (2026), here are estimated probabilities for a probit regression, estimated up to 2019M12 (black line in…
Matt Hauser claims silver in final World Triathlon Championship Series race
Australia’s leading triathlete Matt Hauser has claimed a silver medal in the season-ending World Triathlon Championship Series race in Abu Dhabi. Gold Coast-based Hauser finished 18 seconds behind Brazil’s Miguel Hidalgo, with New Zealand’s Paris Olympics silver medallist Hayden Wilde in third. The result confirms Hauser’s second place finish in the overall season standings, with…
