Source: How China outgrew Xiaomi
Connected, autonomous vehicles are around the corner. Many of the most innovative and deep-pocketed companies in the world are racing to bring them to market..
Lessthunk: Let’s not buy a new car.
Warren Buffett claims that gold is worthless because it doesn’t produce anything. Fair point, but what if the other sectors of the economy also stop produc
Lessthunk: If you have kids, please watch it.
“The strongest force propelling human progress has been the swift advance and wide diffusion of technology.” — The Economist
That was fast. Yesterday I told you how a consortium of 15 Japanese banks had just signed up to implement new financial technology to clear and settle international financial transactions. This is a huge step. Right now, most international financial transactions must pass through the US banking system’s network of correspondent accounts. This gives the US government an incredible amount of power… power they haven’t been shy about using over the last several years. 2014 was one of the first major watershed moments when the Obama administration fined French bank BNP Paribas $9 billion for doing business with countries that the US doesn’t like– namely Cuba and Iran. It didn’t
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