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The oil markets are rattled. Iran’s closure of the Strait of Hormuz—through which a fifth of the world’s oil flows—have sent prices toward $90 a barrel, with Qatar’s energy minister warning they could hit $150 within weeks. Energy analysts are invoking “the mother of all disaster scenarios.” Commentators are drawing comparisons to the 1970s. The mood is grim. But here is an uncomfortable question worth contemplating: What if expensive oil is not a catastrophe, but an inflection point that finally aligns economic incentives to address critical issues that decision-makers in the global economy have been ignoring for decades? That is the argument that economic histor…
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Fresh off a historic 40-point performance in the finals of the Unrivaled season, WNBA player Kelsey Plum is taking a different shot: an AI twin. Fans can now voice call with a digital version of the Los Angeles Sparks star. Plum announced the twin on her personal Instagram account on March 6, asking her AI self for advice on her ponytail and coffee versus energy drink. Plum is the first professional female athlete to launch a verified AI digital twin. It’s a move that’s earning plaudits as a way for women in sports to take control of their image and expand their reach. “The opportunity to have a twin that can connect with fans, with young people, people tha…
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The steady encroachment of email into all moments of life has been quiet but formidable. A quick glance during a first date. Surreptitiously tapping out a reply during a wedding ceremony. Some even admit to refreshing their inbox at a funeral. Often it’s not the infinite scroll on social media that triggers the nervous phone-glancing. It’s the inbox. More than half of professionals check work email outside regular working hours, according to a recent study published by ZeroBounce, surveying 1,157 professionals in the United States and Europe last month. Nearly 3 in 4 professionals feel pressure to respond to emails off the clock, with that pressure intensify…
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Whatever your take on humanity, it is hard to deny one fact: we are, as a species, more hypocritical than we think, and tend to display a curious tendency for holding strong moral principles on one hand, and disregarding them without much guilt or awareness on the other. Unlike humans, a penguin does not preach fidelity in the morning and download Tinder by lunch. A meerkat on guard does not issue a memo on teamwork before sneaking off duty. A wolf does not publish a servant-leadership manifesto before stealing the kill. Across history, human moral systems have shared a curious pattern: the stricter the rulebook, the richer the archive of exceptions. Religions preach …
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Billionaire investor Bill Ackman is planning to take his Pershing Square management company (PS) public. But in doing so, Ackman is taking an unusual route: He is also starting a new fund, Pershing Square USA (PSUS), and if you want to get in on the Pershing Square management company’s initial public offering (IPO), the only way to do so is to buy shares in the new fund first. Here’s what you need to know about Pershing Square’s IPO: Pershing’s combined IPO When announcing its intention to go public, Pershing Square Inc. also announced that it will launch a new fund called Pershing Square USA (PSUS), and investors in the new fund will receive a set number…
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