Rising gilt yields are great news for the holders, but not so great for the government. (View Post)

It’s not the US where next year’s elections are being cancelled. It’s somewhat closer to home. (View Post)

They’re also designing and building the engine themselves from scratch, so the generators are a great way to put thousands of hours on the design before they have to put them on aeroplanes, where fai… (View Post)

If there was an industry ripe for being turned upside-down by technology, it would be undergraduate degrees. Instead, we have a system of institutional and regulatory capture, selling scarcity by the… (View Post)

I’d say 10 or fewer. (View Post)