When one of our students told us they were going to drop out of college in August 2021, it wasn’t the first time we’d heard of someone ending their studies prematurely. What was new, though, was the reason. The student had become a victim of a cryptocurrency scam and had lost all their money —…
Theranos CEO Elizabeth Holmes was a persuasive promoter. She convinced many presumably intelligent people that Theranos had developed a technology which could take a few blood drops from a finger prick to test for myriad diseases. The Theranos hoopla turned out to be just another point on the Silicon Valley “Fake-it-Till-You-Make-it” spectrum of BS. This…
The first of two prime-time House Jan. 6 committee hearings packed a lot into two hours: video testimony from former President Donald Trump’s inner circle, including Bill Barr and Ivanka Trump; accounts from an injured Capitol police officer and other eyewitnesses on the ground; and texts between Fox News anchor Sean Hannity and Trump’s White…
Read More “House Jan. 6 panel holds first public hearing: 10 key moments from the live broadcast” »
CAMBRIDGE, Mass. (Project Syndicate) ithWith cryptocurrency prices plummeting as central banks start to raise interest rates, many are wondering if this is the beginning of the end of the bubble. Perhaps not yet. But a higher opportunity cost of money disproportionately drives down the prices of assets whose main uses lie in the future. Ultralow…
