Author: Colin Henderson

Progress in era of productivity
AI

Summers Says Fed Recovered From ‘Egregious’ Inflation Mistake

Colin Henderson

Former Treasury chief says new mistake is estimate of neutral Summers would be surprised if Fed cuts as much as market sees Chris AnsteyAugust 23, 2024 at 1:03 PM EDT Former Treasury Secretary Lawrence Summers said that, while the Federal Reserve hit a “low point” in its monetary policy history by failing to act quickly against the 2021 inflation surge, in the end it did enough to right the economy. “I’ve got to give the Fed credit,” Summers said on Bloomberg Television’s Wall Street Week with David Westin on Friday. “While it wasn’t always obvious that this would be the case, they moved strongly enough and … Continue reading Summers Says Fed Recovered From ‘Egregious’ Inflation Mistake

AI

Eric Schmidt’s AI prophecy: The next two years will shock you

Colin Henderson

What Eric told Erik Azeem Azhar Could AI help you build a competitor to beat TikTok in just a few minutes? Maybe in the next couple of years, according to Eric Schmidt, Google’s former CEO. My buddy Erik Brynjolfsson invited Schmidt for an intimate discussion at Erik’s Stanford Econ class a few days ago. I watched the full discussion, which was rich and full of challenging ideas. But here is what stood out.1  Unprecedented uncertainty Schmidt confessed to revising his AI outlook every six months, a testament to the field’s volatility. He shared a striking example: “Six months ago, I … Continue reading Eric Schmidt’s AI prophecy: The next two years will shock you

AI

Proton is now a non-profit foundation

Colin Henderson

Building an Internet where people come before profits Proton.me Proton was created to serve the world, and the non-profit Proton Foundation ensures that this can never change. As Proton’s primary shareholder, the foundation exercises its control to ensure that Proton does not deviate from our mission to build a better internet that serves the interests of all of society. Our legally binding purpose is to further the advancement of privacy, freedom, and democracy around the world. Read the founders’ letter Our work Governance for people, not for profit The Proton Foundation is a Swiss non-profit and does not have shareholders. It is … Continue reading Proton is now a non-profit foundation

Sociology2, strategy

The Return of Hamiltonian Statecraft

Colin Henderson

A Grand Strategy for a Turbulent World By Walter Russell Mead September/October 2024Published on August 20, 2024 The twenty-first century has seen the return to prominence of U.S. foreign policy traditions once largely considered relics of an outmoded past. Jacksonian national populism, once dismissed as an immature sentiment that an enlightened nation had left behind, returned with a fury after 9/11. With the George W. Bush administration’s invasion of Iraq in 2003, Jeffersonian isolationism—the belief that U.S. intervention abroad leads only to endless war, the enrichment of corporate elites, and the erosion of American democracy—also reemerged as a potent force on both … Continue reading The Return of Hamiltonian Statecraft

Military, Nuclear

Biden Approved Secret Nuclear Strategy Refocusing on Chinese Threat

Colin Henderson

NYT reports US strategy for deterring nuclear weapons to focus on China Biden Approved Secret Nuclear Strategy Refocusing on Chinese Threat NYT reports US strategy for deterring nuclear weapons to focus on China “Here’s what else you need to know today. The Times reports that President Biden has approved a highly classified plan to, for the first time, reorient America’s strategy for deterring nuclear weapons to focus on China. The plan is an acknowledgement of China’s rapid expansion of its nuclear arsenal, which will rival that of the United States and Russia over the next decade.” From The Daily: Inside … Continue reading Biden Approved Secret Nuclear Strategy Refocusing on Chinese Threat

Economy, Geopolitics

Children of Men

Colin Henderson

August 21, 2024 at 2:17 AM EDT By John Authers John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.” Save To get John Authers’ newsletter delivered directly to your inbox, sign up here. https://www.bloomberg.com/opinion/articles/2024-08-21/baby-bust-pricing-in-the-decline-in-fertility-gains-urgency?srnd=opinion Fertility is a painful and emotive topic. Republican vice-presidential candidate JD Vance’s criticisms of “childless cat ladies” have landed him in political hot water; some 30 years ago, the British novelist P.D. James penned a terrifying novel, later followed by a film, The Children of Men, imagining a society 25 years after the last … Continue reading Children of Men