The Thiel Foundation is encouraging philanthropists to donate more money to scientific pursuits that could lead to big breakthroughs in medicine, artificial intelligence, and nanotechnology, among other fields.
Note that Peter Thiel draws a distinction between “extensive” technologies, which “take things that are working and replicate them”-, and “intensive” technologies, which try to “take the things that are best in the world and make them qualitatively and dramatically better”-.
A major Irish bank was shaken Friday by the revelation of 87 million euros, or $125 million, in undisclosed personal loans to the bank’s chairman — prompting his resignation as well as that of the bank’s chief executive. Sean FitzPatrick, chairman of Anglo Irish Bank, announced his resignation late Thursday after regulators discovered that he had hidden the personal loans from shareholders. The bank’s chief executive, David Drumm, also resigned. The scandal sent the shares in the bank plummeting [...]
A statement Friday from the regulator, the Central Bank and Financial Services Authority of Ireland, said it became aware this year of “matters surrounding loans from Anglo Irish Bank to Sean FitzPatrick.”
“While it does not appear that anything illegal took place in relation to these loans, the financial regulator was of the view that the practices surrounding these loans were not appropriate,” the statement said.
Analysts said the scandal could affect the pace of the government’s support for the banking sector. [...]
Where is my money held?
Your funds are held in segregated accounts with Irelands largest banks including National Irish Bank, and Anglo Irish Bank which. Your funds are completely separate and distinct from the Exchanges own reserves.
To provide additional transparency we have introduced a unique service where an individual member can have a specific account established at our bankers within the suite of segregated accounts. Contact us for more details.
The richer people and countries become, the happier they get.
Wow, that’-s what I call a discovery.
Freakonomics – #2 – #3
New York Times
Previous blog posts by Chris F. Masse:
Just like the armchair generals (presented on television as “military analysts”) carry the Pentagon’s propaganda, are our economics professors (who need the exchange data to pursue their academic career) in fact John Delaney’s unofficial P.R. agents, hidden behind an appearance of objectivity, and whose agenda is to generate favorable news coverage for InTrade? Is the symbiotic relationship between the prediction exchanges and the economics researchers dangerous for the truth?
Can we still trust Betfair? Should we trust Betfair? Or indeed, any betting exchange?
Prediction Markets at Google — by Peter A. Coles, Karim R. Lakhani, Andrew McAfee
Is that HubDub’s Nigel Eccles on the bottom left of that UK WebMission pic?
Collective Error = Average Individual Error – Prediction Diversity
When gambling meets Wall Street — Proposal for a brand-new kind of finance-based lottery
The definitive proof that it’s presently impossible to practice prediction market journalism with BetFair.