As a stock market investor, I’m disappointed in the new tariffs President Trump has imposed—10% on imports from China and 25% on imports from Mexico and Canada, including a 10% duty on Canadian energy imports (oil, natural gas, electricity). If these tariffs persist all year without resolution, corporate earnings could take a 2%-3% hit, which means a similar drop in … Read more
Based on a new book, Cormac Ó Gráda argues that previous estimates of civilian deaths in the first and second world wars are almost certainly too low. Berthold Brecht’s classic Mutter Courage is a play about the Thirty Years’ War. Its eponymous heroine, after much suffering in her struggle to survive, complained toward the end: … Read more
Back in 2012 I argued that there would soon be mobile wallet wars. In 2014, I speculated that there would be mobile wallet wars but that it was early days. In 2020, I still noted that mobile wallets were pretty awful. Today, it is clear that the mobile wallet is the core of the customer relationship and competitive … Read more
“Take a look around,” Piemont wrote. “US rockets fly every couple of days, with perfect success. It’s revolutionary. While there is still a need for more providers in certain market segments, those opportunities are decreasing. To succeed in such a demanding effort as scaling up an orbital launch program, you need deep motivation around your … Read more
