Over on Peoplenomics this morning, subscribers get Book Two of The Ancient Children, a look ahead at The Good War, and another novel concept that fell out of the economics work almost by accident: Friction Pricing. The premise is simple enough to sound dangerous—if AI keeps driving the informational cost of goods and services toward zero, what happens to the rest of the price structure built around patents, legal work, marketing, finance, research, and other forms of informational rent?
That leads to a larger question: once the “thinking” component of price collapses, what is left? Resources, labor, transportation, packaging, energy, and the stubbornly physical parts of civilization that cannot be copied at near-zero marginal cost. That is where the economic story gets interesting, because information may deflate first while food, housing, power, and other physical necessities do not.
After that, this morning’s PN turns back to the real world: floods, fires, war risk, Fed policy, and the latest ChartPack. The market models still lean higher near term, but from an increasingly mature and risk-sensitive position—exactly the kind of setup where one bad data print can turn “holiday optimism” into something much less festive.
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Yo Ned,
You hear the one about quantum networking rewriting the rules of Crypto ?
As promised – we have a winning answer, and was provided by the Trezor TEAM (hardwallet/coldstorage). Suite 7.4 has just been released and it closes that window.
Every tunnel now negotiates a DUEL HANDSHAKE: the classical exchange I already trust, run along side a lattice based one, with both secrets folded together in a single session key. Break one, the other still holds.
Ai as a “mind amplifier” = naval intelligence
Whether its oxy or other, Ai is sucking the Humanity out of its users, that, or they never had any to begin with or very little.
? What do NUCLEAR TORPEDOS Do to Sea water besides Bringing to a Boil ?
U2/Elevation- https://youtu.be/yZEBjBbNZpw?
There were a few underwater tests done, see The Effects of Nuclear Weapons. Third edition, @ https://www.osti.gov/biblio/6852629
Search for underwater. These were shallow and low yield. The Poseidon is supposed to go way deeper and have a much larger yield. So the size of the burst bubble will be highly energetic as the pressure will keep it small but will expand significantly as it rises. Just like in the atmosphere. The shock wave will reflect off the ocean surface, just like on the surface. Expect the pressure wave to be highly destructive to submerged artifacts. The Tsunami effect will depend on the underlying seabed.
Now that was cool..I have never been to that site to read..thanks for sharing..
On 03/30 ‘Carnac the Magnificent’ hit the low of the year closing at 63,469 – yesterday my aggregate index closed a few points below its record high – at 77,065.
That is an uninterrupted, steady climb of roughly 21.4% in five months., and roughly 960 points above its’ 85 DMA. But, three points ‘below’ its’ recent 21 DMA.
Math model points to down.., to test the 73,250 marker. [ 3,800 points down.] However, the down signal was not very strong. More of a “wait for it” signal. I won’t trade it.., not yet. Won’t even get serious about looking until I hit an 85% chance. Currently at 64 %
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Very loud thunderstorm passing through – lots of lightning and thunder.., heavy rain also – much needed rain ! Predicted at one inch an hour. Rivers are flowing down the street. Can only hope they are getting some up at 25 Mile Creek and the Little Giant fire.
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“Why does everyone feel so crummy if the economy is doing so good?”
– “Simple., very simple.., the purchasing power of the dollar dropping, combined with inflation and corporate profit taking and wages not keeping up. Nearly every working soul is slowly going into debt. And they are starting to get squeezed.
“Stay Frosty !”
Oh dear! Here it comes… book 2. Block out the weekend… order Chinese take-out delivery. Hold calls ’til Monday.
I just got it yesterday & now my Sunday is booked.
George,
The good ending in Ancient Children part two was the direct consequence of the fearless legal work and dedication done by Attorney Tessa Baird and Judge Kemp. There could have been a very different ending without those two major players.
Page 307 has two typos: dad and father both should be capitalized, as these words are address and directed to a specific person with that title.
On page 310, there should be a comma after Father.
Phew…the great life equalizer…Their whole life journey spills out in those quiet moments…the hardest part is your laying there and two walk in and could care less about your needs..all while discussing other subjects..
That’s the thing people don’t understand until they’ve worked the floor — healthcare is the great equalizer….. It doesn’t matter who you were out there. You walk in sick, you sit in the waiting room, and suddenly you’re just another human being hoping someone calls your name.
You ask a nurse, “What’s my status?”
They say, “We’ll get to you as soon as possible.”
Hours pass. Maybe they do, maybe they don’t.
Rich, poor, famous, forgotten — everyone waits the same…
if your poor maybe you’ll see a doctor in an extended period of time..if you have resources ..well it is a business model…there are some like my grandsons surgeon ..nice guy.. I was walking out of Target with my granddaughter.. he stopped and we visited..and he went into professional mode in the parking lot checking my granddaughters eyes..I asked what do you see..well I thought I seen something but she’s ok..
I’ve taken care of people from every walk of life. CEOs, engineers, farmers, politicians, celebrities, and homeless, folks who had everything and folks who had nothing. And when they’re sick, the ego falls off like old paint…I always loved to hear their stories how their life was.. I once cared for a man who had been politically and financially powerful — the kind of person who could make things happen with a phone call. One day I found him crying in the group room. He said, “I used to write laws. Now I need my son to help so I can eat a dam bowl of Cheerios.”
That’s the moment you realize that in reality….
status is a costume, and illness strips it off.
Most people, once they hit that point, become humble, human, reachable. But some — especially the ones who lived high — get treated like they’re just a bag of meat by workers who don’t know their story. Impersonal. Avoided. As if sickness erased their meaning…. and then avoided like the plague if they try to push the social status they had on the street..
I’ve seen families abandon their own when life stops matching the image they want to project and families almost get into fist fights over crap they have… My own sibling avoided me for years because I didn’t fit his world or his social neighborhood — until the day life hit him too. Then suddenly we were talking again…. Same with the engineer who lived in our spare room; once he testified and got blackballed, his whole support system vanished…He was living in his car…got sick and ended in the hospital..
But a few people make it past all that. Like my friend who traveled to Africa, saw the need, and said, “I can help. and stuck with it till he got the job done” Some folks learn compassion the hard way…..some see the need and act…some can’t even see it at all…
In the hospital, there are no neighborhoods. No gated communities. No penthouses. No “better side of town.” Everyone ends up on the same playing field. The only difference is how long the system will massage your gonads until the money’s gone.
And that’s why I say:
the real inheritance and life treasures aren’t objects or status — it’s resilience, humor, skills, and the ability to survive hard times and still laugh.
That’s what i see as the wisdom behind Proverbs… Not fancy poetry — just old?world survival philosophy.
Improvise, adapt, overcome…. do unto others..