BUSINESS & ECONOMICS EDITOR'S PICK The Flawed Theory Behind Why Nations Prosper Key Takeaway: Daron Acemoglu, Simon Johnson, and James Robinson were awarded the 2024 Nobel Memorial Prize in economics for their book Why Nations Fail, which argued that countries succeed when they adopt inclusive institutions like democracy, while extractive institutions stifle growth by concentrating power and wealth in elites. However, their theory has faced criticism for […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SCIENCE Is Cosmology About to Rewrite Everything We Know? Key Takeaway: Cosmology is facing a series of uncertainties due to inconsistent predictions of the standard model, which posits the universe is composed of 68.3% dark energy, 26.8% dark matter, and 4.9% ordinary matter. The Hubble constant, which describes the rate of the universe’s expansion, has been a significant issue, with some scientists using different […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SOCIOLOGY Why Profit Alone Won’t Save Us Key Takeaway: A study by researchers has found that companies can make a difference without sacrificing financial performance by integrating social and environmental concerns into their business strategies. This approach, known as “social profit orientation,” places equal value on financial profits and positive social outcomes. Companies like Mastercard’s Girls4Tech initiative and World Central Kitchen’s Food […] Saving Bookmark this article Bookmarked
CULTURE EDITOR'S PICK The Science Of Choosing The Perfect Bottle Of Wine Key Takeaway: Wine is a popular choice for many cultures, but its value is subjective and influenced by personal taste. Wine reviews, such as the 100-point scale, are rated based on quality relative to similar grape varieties and regions. However, the integrity of these reviews is debated, with some arguing that financial arrangements can influence […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Brewing Storm In The Coffee Industry Key Takeaway: The coffee industry is facing a potential reckoning as rising prices threaten to slow its expansion. Giuseppe Lavazza, the head of the iconic Italian coffee brand, suggests that consumers in the U.S. might see prices increase by 20%-25% over the next year. The price of a latte or flat white is becoming pricier, […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SCIENCE The Science Behind Science Key Takeaway: Science is a complex and multifaceted endeavor, with multiple models and theories working together to find solutions to problems. The public’s expectations of science need to be challenged to avoid unrealistic standards, as deviation from these ideals can breed skepticism. Science is a social enterprise that thrives on collective effort and constructive disagreement, […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Impact Of Negative Reviews Key Takeaway: Travelers often turn to online reviews to choose the perfect destination, shaping their experiences. Businesses read reviews and often act on them, analyzing sentiments and benchmarking against competitors. They respond to reviews, taking actionable steps to address feedback. Negative reviews can be catalysts for change, allowing businesses to refine offerings and enhance customer […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK FINANCE Why Crypto Crashed Key Takeaway: Japan’s stock market plunged 12% on August 5, marking its worst day in 37 years. The fall was triggered by fears of a US economy slowdown, with the Nasdaq index dropping over 6% and the S&P 500 dipping by 4.25%. The US Federal Reserve’s chairman, Jerome Powell, suggested an interest rate cut in […] Saving Bookmark this article Bookmarked
EDITOR'S PICK PHILOSOPHY Philosophy In The Age Of A.I. Key Takeaway: OpenAI, a leading AI research and development company, has announced plans to build a new team and allocate 20% of its computing resources to align AI systems with human values. The company is aiming to prevent artificial superintelligences from waging war on humanity. Philosophy has been instrumental to AI since its inception, with […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK STRATEGY The Business Impact Of Reduced Marketing Key Takeaway: A study published in The Journal of Marketing suggests that businesses often cut their marketing budgets for short-term savings, but these cuts can cause long-term problems. The study gathered transcripts of nearly 25,000 earnings calls held by public companies from 2008 to 2019. The more earnings-oriented language in the calls, the more likely […] Saving Bookmark this article Bookmarked
The Real Cost Of Billionaire Philanthropy Key Takeaway: Alice Walton, a Walmart heiress, has a $1.5 billion philanthropic footprint, including a $390 million donation in 2023 to support the Alice L Walton School of Medicine. However, her philanthropic efforts raise questions about the societal costs of billionaire giving and the genuineness of her contributions. The broader social and economic costs of […] Written by Empirics Asia October 28, 2024October 28, 2024 Saving Bookmark this article Bookmarked
Tiny Titans In Space: A Revolution In Space Exploration Key Takeaway: CubeSats, affordable, lightweight satellites, are revolutionizing space exploration by focusing on single scientific goals like observing asteroids or tracking water on the Moon. They travel as secondary payloads, minimizing space debris and accelerating discovery. CubeSats are also unlocking mysteries of distant worlds, paving the way for humanity’s dreams of becoming a multiplanetary species. […] Written by Empirics Asia October 25, 2024October 25, 2024 Saving Bookmark this article Bookmarked
Cosmic Breakthroughs On The Horizon Key Takeaway: Advancements in telescope technology have led to more discoveries about the universe than ever before. As new, groundbreaking observatories are set to launch over the next 20 years, they are expected to push the boundaries of cosmology even further. Chile is home to two ambitious ground-based telescopes, the Extremely Large Telescope (ELT) and […] Written by Empirics Asia October 21, 2024October 21, 2024 Saving Bookmark this article Bookmarked
The A.I. Energy Dilemma Key Takeaway: Artificial intelligence (AI) is transforming industries but also causing significant environmental costs. As AI systems require vast computational power, they increase greenhouse gas emissions, making it difficult for companies like Google to achieve net-zero goals by 2030. As traditional energy sources struggle with intermittency, tech leaders are exploring nuclear power, particularly nuclear fusion, […] Written by Empirics Asia October 18, 2024October 18, 2024 Saving Bookmark this article Bookmarked
The Everyday Risks Of Being Hacked Key Takeaway: Hackers exploit everyday habits, such as giving personal information in stores or connecting to unsecured networks, to steal personal information and steal login credentials. These actions can be exploited by phishing and email-delivered malware, which are the leading cyberattack vectors. To protect oneself, individuals should use VPNs, use anti-phishing systems, and take basic […] Written by Empirics Asia October 17, 2024October 17, 2024 Saving Bookmark this article Bookmarked
Extreme Weather Conspiracy Theories: What Is Really Happening? Key Takeaway: Hurricane Milton in Florida sparked a rise in extreme weather conspiracy theories, which often arise after catastrophic events. These theories aim to explain significant events by attributing them to the secret actions of powerful groups. However, these theories often require a plausible group capable of executing the secretive actions they propose. People embrace […] Written by Empirics Asia October 16, 2024October 17, 2024 Saving Bookmark this article Bookmarked
Can We Really Change Our Personality? Key Takeaway: Personality tests often suggest that personality is static, but modern psychology shows that traits can evolve over time. People can reshape their personality traits to align with their goals in life. Personality traits are not fixed and can evolve over time, with conscious effort and behavioral adjustments. Studies show that intentional effort can […] Written by Empirics Asia October 15, 2024October 15, 2024 Saving Bookmark this article Bookmarked
Rethinking Education Key Takeaways: The Industrial model of education that fueled the modern era and its dizzying reach did its job incredibly well. In his writing, Flynn illustrates study after study, spanning nations and decades, in which modern educational gift of abstraction — a transcendent sign of intelligence, as we saw in Raven’s Matrices — has been […] Written by Anthony Fieldman March 2, 2022October 19, 2022 Saving Bookmark this article Bookmarked
How China Is Transforming Its Economy Through Learning I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […] Written by Enrique Dans February 1, 2021February 1, 2021 Saving Bookmark this article Bookmarked
Why You’re Not Seeing Success With Influencer Marketing With the new year around the corner, now is a good time to re-evaluate your past marketing strategies and gear up for the year ahead. For some businesses, influencer marketing has simply not seemed to live up to its lofty promises of genuine engagement, credibility, and transparency. Some have claimed that it has been failing […] Written by Michael Tan January 14, 2021January 15, 2021 Saving Bookmark this article Bookmarked
A New Philosophy of Business I’m about to ask you to take a mental leap. For the next 8 minutes, suspend your notions of what a business is, and I’ll propose a new lens for you to look through. There are a lot of questions asked around what “community” means for business. “Where should community fit in my organization?” and […] Written by Empirics Asia September 5, 2018September 5, 2018 Saving Bookmark this article Bookmarked