Turkey’s economy
remains delicate: As the once burgeoning domestic demand slows, Turkey is
now reliant on exports as the propulsive force behind its economic growth
(currently 3%) —at the same time reining in lending to tame inflation. Stark
challenges remain ahead—the country needs higher saving rate, looser labor
restrictions, and better education/training, but at least the country only has
38% debt to GDP. [Note: Build solid and judicial infrastructure, and the rest
will come]…Source: http://www.ft.com/intl/cms/s/0/10a2aeba-17b1-11e2-8cbe-00144feabdc0.html#axzz2CvCtAlI4
Meet Titan, the world’s
new fastest computer: Currently residing at Oak Ridge National Lab, Tennessee,
Titan is a 37,376-processor open system with half its units in GPUs—ungodly
efficient in processing polygons. Its edge comes from breaking a problem into
thousands of tiny pieces and farming each out to a single processor (kind of
like hiring 50 college kids to paint your fence at the same time). The raw
power is there, the question now is breaking down the problem. [Note: More like
a number-crunching monster than a supercomputer]…Source: http://www.economist.com/news/science-and-technology/21566611-world-has-new-fastest-computer-thanks-video-games-deeper-thought
The Company library,
more interesting than you think: Let me just pull you a list: The SPAM
Museum in Austin, Minnesota, as the Guggenheim of pork products. The Kohler
Design Centre in Kohler, Wisconsin for bathroom
fixtures. The Cumberland Pencil Company’s museum in Keswick, England for old
pencils. Harley-Davidson’s museum in Milwaukee and BMW’s museum in Munich with
past and pervious models; Hershey’s museum of deliciousness, and the obvious
Coca-Cola museum of caffeinated happiness.[Note: curious what a bank has to
offer]...Source: http://www.economist.com/news/business/21566628-company-museums-are-not-dull-they-sound-museums-mammon
The Quiet traveling
undertaking: Amtrak’s Quiet Car, in case you don’t know, is usually the
first car in Amtrak’s coach section, right behind business class. Loud talking
is forbidden there — any conversations are to be conducted in whispers.
Cellphones off; music and movies on headphones only. There are little signs
hanging from the ceiling of the aisle that explain this, along with a
finger-to-lips icon. [Note: We need more of such settings, like a bar or a
restaurant.]… Source: http://www.nytimes.com/2012/11/18/opinion/sunday/the-quiet-ones.html?smid=tw-nytimes&pagewanted=all&_r=2&
[On a relevant note, Susan Cain wrote a marvelous book on
the power, beauty, and justification of introverts in a world that is not so
quiet: http://www.amazon.com/Quiet-Power-Introverts-World-Talking/dp/0307352145/ref=sr_1_1?ie=UTF8&qid=1353646744&sr=8-1&keywords=Quiet%21+the+power]
The surprising
correlation between a turkey and a short-gamma trader: http://peterlbrandt.com/the-suprising-correlation-between-a-turkey-and-a-short-gamma-trader/
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