This is a good point. The major issue I see is the BBC is funded by taxpayers through government-mandated contributions, whereas Fox News is a private company.

It sounds like this device could become the iPod Shuffle of AI devices— cute and clever, but not particularly useful.

The last bullet is a good idea but wouldn’t work in practice. Otherwise a company could hire someone else’s H1B worker for $10k more per year and avoid the $100k fee.

Maybe a company that hires someone else's H1B worker for $10k more per year in the first year has to pay the $100k fee and the first company gets their fee back.

As someone who’s always experienced insomnia, will we ever find an effective treatment?

I agree with you, but one point I see everyone missing is the fact that this is a first-time installation of a new technology that hasn’t scaled. There needs to be a business plan of course. At the same time, no one would expect to see ROI figures for the first build of a concept car.

That's because concept cars aren't investments. This project is an investment. Investors invest in investments to get a return on their investment (ROI). Car buyers, other than car dealers and outfits like Budget Rent-A-Car, do not buy cars to get ROI. Advertising an investment without publishing any projected ROI figures (the business plan you mention) is like advertising a concept car without publishing any photos, video, or drawings.

And I don't think it's accurate to say, "this is a first-time installation of a new technology that hasn’t scaled". People have been using thermal energy storage for household heating for literally millions of years. https://en.wikipedia.org/wiki/Thermal_mass https://en.wikipedia.org/wiki/Thermal_energy_storage https://en.wikipedia.org/wiki/Storage_heater https://en.wikipedia.org/wiki/Ondol#Advantages_and_disadvant... https://en.wikipedia.org/wiki/Seasonal_thermal_energy_storag... https://en.wikipedia.org/wiki/Masonry_heater https://en.wikipedia.org/wiki/Ground_source_heat_pump https://en.wikipedia.org/wiki/Trombe_wall https://en.wikipedia.org/wiki/Feolite https://en.wikipedia.org/wiki/Drake_Landing_Solar_Community https://en.wikipedia.org/wiki/Kang_bed-stove https://en.wikipedia.org/wiki/Earthship#Thermal_performance https://en.wikipedia.org/wiki/Rocket_mass_heater https://www.helen.fi/en/news/2018/Gigantic-cavern-heat-stora... https://en.wikipedia.org/wiki/Barra_system https://en.wikipedia.org/wiki/Storage_heater https://en.wikipedia.org/wiki/Earth_shelter#Active_and_passi... https://en.wikipedia.org/wiki/Bokpoort_CSP#Energy_storage https://en.wikipedia.org/wiki/Russian_stove#Design https://en.wikipedia.org/wiki/Passive_solar_building_design#... https://en.wikipedia.org/wiki/Aquifer_thermal_energy_storage https://en.wikipedia.org/wiki/Home_energy_storage#Thermal_en... https://en.wikipedia.org/wiki/Qanat#Cooling https://en.wikipedia.org/wiki/Regenerative_heat_exchanger https://en.wikipedia.org/wiki/Rammed_earth#History https://www.mha-net.org/ https://en.wikipedia.org/wiki/Solana_Generating_Station#Ener... https://en.wikipedia.org/wiki/Hot_water_storage_tank

I like to think I’m somewhat intelligent, but there’s something I don’t understand here. The article cites an example of pandemic bond holders receiving a return of 40% over 3 years and these bonds being a useful way for the issuer to secure needed funds in the event of a pandemic. Unless a pandemic happens every ~8 years, isn’t this a ridiculous and unsustainable risk premium to pay?

The class B bonds paid roughly 11% over LIBOR, so about 40% over three years, against the risk of a viral outbreak for five different families, defined as At least two countries experiencing at least 250 fatal cases increasing over twelve weeks, so the trigger did not have to be as globally-significant as COVID-19 turned out to be. That’s a pretty aggressive coupon, but the chance of a regional outbreak was also pretty high.

Based on that description it would have been triggered by COVID-19, swine flu in 2009, and I think just missed out (depending on the fine print) on SARS in 2002. That's two or three in 18 years, so losing your money once every eight years is not far off the recent performance of this kind of bond.

Makes sense now, thank you! I feel like the author should have mentioned this.

Well, she did, in the book.

Many US citizens overseas visiting the US do. And plenty of New Yorkers who moved to the city but never updated their license do as well.

They didn’t say which law (the US judge’s order or EU law) they are complying with.

I always felt this way, too. In university I would just go to the professor and tell them person XYZ is being fired from the group.

One area I would like to see more data on is how UBI will be paid for and the impact of this on worker preferences. If taxes increase on medium-high earners to pay for it, you very well could see a drop-off in labor force participation even if it isn’t directly related to the receipt of UBI.