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Skin In The Game (book)
''Skin in the Game: Hidden Asymmetries in Daily Life'' (acronymed: SITG) is a 2018 nonfiction book by Nassim Nicholas Taleb, a former options trader with a background in the mathematics of probability and statistics. Taleb's thesis is that skin in the game—i.e., having a measurable risk when taking a major decision—is necessary for fairness, commercial efficiency, and risk management, as well as being necessary to understand the world. The book is part of Taleb's multi-volume philosophical essay on uncertainty, titled the ''Incerto'', which also includes '' Fooled by Randomness'' (2001), '' The Black Swan'' (2007–2010), '' The Bed of Procrustes'' (2010–2016), and '' Antifragile'' (2012). The book is dedicated to "two men of courage": Ron Paul, "a Roman among Greeks"; and Ralph Nader, "Greco-Phoenician saint". Asymmetry and missing incentives If an actor pockets some rewards from a policy they enact or support without accepting any of the risks, economists consider it t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Statesman
The ''New Statesman'' is a British political and cultural magazine published in London. Founded as a weekly review of politics and literature on 12 April 1913, it was at first connected with Sidney and Beatrice Webb and other leading members of the socialist Fabian Society, such as George Bernard Shaw, who was a founding director. Today, the magazine is a print–digital hybrid. According to its present self-description, it has a liberal and progressive political position. Jason Cowley, the magazine's editor, has described the ''New Statesman'' as a publication "of the left, for the left" but also as "a political and literary magazine" with "sceptical" politics. The magazine was founded by members of the Fabian Society as a weekly review of politics and literature. The longest-serving editor was Kingsley Martin (1930–1960), and the current editor is Jason Cowley, who assumed the post in 2008. The magazine has recognised and published new writers and critics, as well as e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newt Gingrich
Newton Leroy Gingrich (; né McPherson; born June 17, 1943) is an American politician and author who served as the 50th speaker of the United States House of Representatives from 1995 to 1999. A member of the Republican Party, he was the U.S. representative for Georgia's 6th congressional district serving north Atlanta and nearby areas from 1979 until his resignation in 1999. In 2012, Gingrich unsuccessfully ran for the Republican nomination for president of the United States. A professor of history and geography at the University of West Georgia in the 1970s, Gingrich won election to the U.S. House of Representatives in November 1978, the first Republican in the history of Georgia's 6th congressional district to do so. He served as House Minority Whip from 1989 to 1995. A co-author and architect of the "Contract with America", Gingrich was a major leader in the Republican victory in the 1994 congressional election. In 1995, ''Time'' named him " Man of the Year" for "hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Low-carbohydrate Diet
Low-carbohydrate diets restrict carbohydrate consumption relative to the average diet. Foods high in carbohydrates (e.g., sugar, bread, pasta) are limited, and replaced with foods containing a higher percentage of fat and protein (e.g., meat, poultry, fish, shellfish, eggs, cheese, nuts, and seeds), as well as low carbohydrate foods (e.g. spinach, kale, chard, collards, and other fibrous vegetables). There is a lack of standardization of how much carbohydrate low-carbohydrate diets must have, and this has complicated research. One definition, from the American Academy of Family Physicians, specifies low-carbohydrate diets as having less than 20% of calories from carbohydrates. There is no good evidence that low-carbohydrate dieting confers any particular health benefits apart from weight loss, where low-carbohydrate diets achieve outcomes similar to other diets, as weight loss is mainly determined by calorie restriction and adherence. An extreme form of low-carbohydrate d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iraq Conflict (2003–present)
Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq border, the east, the Persian Gulf and Kuwait to the southeast, Saudi Arabia to the south, Jordan to Iraq–Jordan border, the southwest and Syria to Iraq–Syria border, the west. The Capital city, capital and largest city is Baghdad. Iraq is home to diverse ethnic groups including Iraqi Arabs, Kurds, Iraqi Turkmen, Turkmens, Assyrian people, Assyrians, Armenians in Iraq, Armenians, Yazidis, Mandaeans, Iranians in Iraq, Persians and Shabaks, Shabakis with similarly diverse Geography of Iraq, geography and Wildlife of Iraq, wildlife. The vast majority of the country's 44 million residents are Muslims – the notable other faiths are Christianity in Iraq, Christianity, Yazidism, Mandaeism, Yarsanism and Zoroastrianism. The official langu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stalinism
Stalinism is the means of governing and Marxist-Leninist policies implemented in the Soviet Union from 1927 to 1953 by Joseph Stalin. It included the creation of a one-party totalitarian police state, rapid industrialization, the theory of socialism in one country, collectivization of agriculture, intensification of class conflict, a cult of personality, and subordination of the interests of foreign communist parties to those of the Communist Party of the Soviet Union, deemed by Stalinism to be the leading vanguard party of communist revolution at the time. After Stalin's death and the Khrushchev thaw, de-Stalinization began in the 1950s and 1960s, which caused the influence of Stalin’s ideology begin to wane in the USSR. The second wave of de-Stalinization started during Mikhail Gorbachev’s Soviet Glasnost. Stalin's regime forcibly purged society of what it saw as threats to itself and its brand of communism (so-called "enemies of the people"), which included ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philistine
The Philistines ( he, פְּלִשְׁתִּים, Pəlīštīm; Koine Greek (LXX): Φυλιστιείμ, romanized: ''Phulistieím'') were an ancient people who lived on the south coast of Canaan from the 12th century BC until 604 BC, when their polity, after having already been subjugated for centuries by the Neo-Assyrian Empire, was finally destroyed by King Nebuchadnezzar II of the Neo-Babylonian Empire. After becoming part of his empire and its successor, the Persian Empire, they lost their distinct ethnic identity and disappeared from the historical and archaeological record by the late 5th century BC.. The Philistines are known for their biblical conflict with the Israelites. Though the primary source of information about the Philistines is the Hebrew Bible, they are first attested to in reliefs at the Temple of Ramses III at Medinet Habu, in which they are called (accepted as cognate with Hebrew ); the parallel Assyrian term is , , or . Etymology The English term ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brexit
Brexit (; a portmanteau of "British exit") was the withdrawal of the United Kingdom (UK) from the European Union (EU) at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET).The UK also left the European Atomic Energy Community (EAEC or Euratom). The UK is the only sovereign country to have left the EU or the EC. Greenland left the EC (but became an OTC) on 1 February 1985. The UK had been a member state of the EU or its predecessor the European Communities (EC), sometimes of both at the same time, since 1 January 1973. Following Brexit, EU law and the Court of Justice of the European Union no longer have primacy over British laws, except in select areas in relation to Northern Ireland. The European Union (Withdrawal) Act 2018 retains relevant EU law as domestic law, which the UK can now amend or repeal. Under the terms of the Brexit withdrawal agreement, Northern Ireland continues to participate in the European Single Market in relation to goods, and to be a member o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Red Neck
''Redneck'' is a derogatory term chiefly, but not exclusively, applied to white Americans perceived to be crass and unsophisticated, closely associated with rural whites of the Southern United States.Harold Wentworth, and Stuart Berg Flexner, ''Dictionary of American Slang'' (1975) p. 424. Its meaning possibly stems from the sunburn found on farmers' necks dating back to the late 19th century. Its modern usage is similar in meaning to ''cracker'' (especially regarding Texas, Georgia, and Florida), ''hillbilly'' (especially regarding Appalachia and the Ozarks), and ''white trash'' (but without the last term's suggestions of immorality). In Britain, the ''Cambridge Dictionary'' definition states: "A poor, white person without education, esp. one living in the countryside in the southern US, who is believed to have prejudiced ideas and beliefs. This word is usually considered offensive." People from the white South sometimes jocularly call themselves "rednecks" as insider humor. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
War Hawk
In politics, a war hawk, or simply hawk, is someone who favors war or continuing to escalate an existing conflict as opposed to other solutions. War hawks are the opposite of doves. The terms are derived by analogy with the birds of the same name: hawks are predators that attack and eat other animals, whereas doves mostly eat seeds and fruit and are historically a symbol of peace. Historical group The term "war hawk" was coined in 1792 and was often used to ridicule politicians who favored a pro-war policy in peacetime. Historian Donald R. Hickey found 129 uses of the term in American newspapers before late 1811, mostly from Federalists warning against Democratic-Republican foreign policy. Some antiwar Democratic-Republicans used it, such as Virginia Congressman John Randolph of Roanoke. There was never any "official" roster of War Hawks; as Hickey notes, "Scholars differ over who (if anyone) ought to be classified as a War Hawk." However, most historians use the term to des ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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