What’s in a Name? | Changing Names of Cities

Changing a town’s name for a singular – even arbitrary – purpose, even if only temporarily, has a relatively long history. Changing names of cities also leaves with a few questions: What good did these city name changes accomplish? Do residents of these cities feel any prouder of their localities now than before? Have the changes resulted in better investment opportunities, infrastructure or living standards? Continue reading What’s in a Name? | Changing Names of Cities

Goodbye LIBOR, Hello SOFR!

LIBOR has been an endangered species for some time now. LIBOR, the rate that banks charge each other to borrow money, is slated to go by the wayside in 2021 and taking its place for USD will be something called the Secured overnight financing rate, or SOFR. Almost every part of the financial world is touched by LIBOR; it is plausibly the world’s most important number. Continue reading Goodbye LIBOR, Hello SOFR!

cape town water crisis

It’s Time to Bring Our Planet Back from The Brink

The coastal paradise of 4 million on the southern tip of South Africa, Cape Town, is to become the first modern major city in the world to completely run dry. And even though residents aren’t responsible, the burden of making sure it doesn’t happen rests largely on our ability to cut down on water usage. Continue reading It’s Time to Bring Our Planet Back from The Brink

All Conditioned Things Are Impermanent

Buddhism says that all existence is ‘conditioned’ — it is all conditional on other conditions. Everything is interconnected. Everything affects everything else. Everything that is, is because other things are. The fact that everything is nothing more than a set of relations is consistent with the modern scientific view of the material world. Continue reading All Conditioned Things Are Impermanent

Game Theory in Climate Negotiations

The 2015 Paris agreement established a global target for lowering greenhouse-gas emissions — aimed at keeping the atmosphere from warming by 2 degrees Celsius. One hundred and ninety-four countries have signed the treaty, which means that they have agreed to continue the process of the treaty on climate change mitigation. Nearly all the world’s countries agreed to create a system to measure their progress, and to continually strengthen their efforts. Continue reading Game Theory in Climate Negotiations