The materiality standard depends on the reasonable investor, who has been replaced by a computer. … Computers are notoriously terrible at jokes
Source: Tesla Stockholders Can’t Take a Joke – Bloomberg View
If your algorithm trades on April Fool’s information, then you’re the greater fool for having written it that way.
Iran’s government, while brutal and tyrannical, is not “totalitarian.” And the fact that Iran hawks think it is helps explain why their strategy for stopping Iran’s nuclear program makes no sense.
Words matter. And so long as Iran hawks keep mischaracterizing what Iran is, they’ll keep offering bad advice about what America should do.
Source: The Iran Nuclear Talks: Is the U.S. Negotiating With a Totalitarian State? – The Atlantic
Technology made by people comes with those people’s failings/mistakes.
When Pablo Garcia was admitted, he felt fine. Then the hospital made him very sick. Blame high-tech medicine.
Source: How Technology Led a Hospital To Give a Patient 38 Times His Dosage
Second Amendment activists are redefining the public sphere, and with it, American democracy.
What good is it to carry a gun in public if you are not also legally protected when using it in self-defense—or perceived self-defense? How are guns supposed to deter criminals if gun owners are legally hindered from wielding their weapons? Stand Your Ground removes these legal barriers so that people can better protect themselves.
But this also has social consequences. Thanks to Stand Your Ground, citizens must now fear their armed neighbors in addition to prospective criminals. … In a Stand Your Ground society, it makes sense to suspect your neighbor—and fear the worst.
In addition to pushing Stand Your Ground laws, the NRA fought universal background checks. Their premise—that it will not stop hardened and determined criminals from accessing guns—ensured that criminals could have easy access to guns at gun shows or from unscrupulous arms dealers.
In pushing this agenda, the gun-rights movement mistakenly urges supporters to think that public order rests upon overt shows of force. In a democracy, however, peace is founded on rule of law.
an armed and potentially violent public only goads the government into action and force. Law enforcement knows that gun owners may use their weapons recklessly, and prepares itself accordingly. … an over-armed society makes government bigger, more intrusive, and more aggressive in carrying out its vested duty of maintaining order. It goads government, and the law enforcement officials who work for it, towards arbitrary shows of power and force.
Source: How Gun Rights Harm the Rule of Law – The Atlantic