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Italy’s Cheese Bank Finds Climate Risk Has a Rind
On Wall Street, “cheese” is slang for money. In Italy, they decided the metaphor needed collateral. Deep inside climate-controlled warehouses in Emilia-Romagna, hundreds of thousands of wheels of Parmigiano-Reggiano sit on shelves while securing loans from Credito Emiliano, Fortune reported Monday (Aug. 10). It’s banking with notes of hazelnut, salt and a surprisingly complicated risk…
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A Conservative Case for Liberal Immigration
That is the title of my latest Free Press piece, here is one excerpt: Or look at the AI revolution, another area where America is leading the world and also using its AI models to exert soft power. Dario Amodei of Anthropic has an Italian father, neural-network pioneer Geoffrey Hinton is originally from the U.K.,…
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That was then, this is now
I very much like the new Michael Khodarkovsky book The Steppe and its Empires: The Russian Empire & its Eurasian Counterparts. Excerpt: Russia presented the most remarkable contrast to both Eurasian and Western empires. The oower of Moscovite tsars and Russian emperors seemed to be completely unconstrained by moral or ethical boundaries. Whereas religious authorities…
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