Ahri's unqualified thoughts #45
Ahri's unqualified thoughts #45
Random articles, quotes, videos, musings. Easy to consume content: 1 quote, 1 tweet/storm and 1 article/video.
In today's edition, we're highlighting a tweet about the Economic Nobel Prize latest winner, and an article about Gary Wang, FTX’s co-founder and main coder.
1 quotable thingy to look brilliant in your next young socialites’ meet-up
“Fuck around, find out” - Unknown
1 tweet/storm to keep you up to date
The Royal Swedish Academy of Sciences unveiled this year's winner of the Economic Nobel Prize this morning: Claudia Goldin. She has been honored for her extensive research on women's labor market outcomes. Economist and Twitter user, Brian Albrecht, offers a comprehensive breakdown of Goldin's influential work in a thread. He highlights three key contributions:
"The Power of the Pill": This paper examines the transformative effect of oral contraceptives on women's life decisions, particularly in the realm of education and career. TLDR: the pill facilitated greater educational and career autonomy for women.
"The Quiet Revolution": This research delves into the shift in women's behavior since the 1970s, noting a marked commitment to higher education and professions while simultaneously postponing marriage and motherhood.
"A Grand Gender Convergence: Its Last Chapter": This study investigates the existing pay disparity, its underlying reasons, and potential solutions to bridge the gap. Brian underscores an interesting perspective, suggesting that insights from this paper could inform thinking about the WFH shift. This is particularly relevant in a market that currently values extended work hours and often overlooks the importance of flexibility.
I highly invite you to read the thread, which also contains links to the papers written by Claudia Goldin.
1 article/video to discover something new, maybe
I'm still deeply disappointed and disturbed by FTX's actions, a sentiment I've never hidden. Their actions not only rattled me profoundly but also challenged my faith in crypto/web3 given the image that FTX/SBF had. Months have passed, and the markets still grapple with the aftermath of their insane, and very illegal, actions.
Now, as the FTX trial commenced last week... I encourage you to check out the article by DLNews on Gary Wang. It includes a particularly incriminating excerpt about SBF:
He said on Thursday that Bankman-Fried knew of the existence of a back door that funneled FTX client money to Alameda, the hedge fund founded by Bankman-Fried — as did former Alameda CEO Caroline Ellison, and FTX head of engineering Nishad Singh.
“We allowed Alameda to withdraw unlimited funds,” he explained to prosecutors on Thursday. Today, according to reports of his court appearance, he said Alameda Research was given a $65 billion line of credit on FTX.
I don’t wish any harm on anyone, but I hope that people involved in this scam will rot in jail for a long, long time.