Four-star Admiral Bill McRaven, former commander of the U.S. Special Operations and Navy SEAL, has led a high-profile career—including facing Somali pirates, Osama Bin Laden, and his own commander in chief. A natural storyteller, he shared highlights from his high-profile career at a John F. Kennedy Jr. Forum last week. The conversation was moderated by Dana H. Born, faculty chair of Harvard Kennedy School’s Senior Executive Fellows Program, a lecturer in public policy, and a retired Brigadier General with 30 years of USAF service.
Friday, March 12, 2021
A work by digital artist Mike Winkelmann sold for more than $69M at Christie's
NFT Mania Continues
A work by digital artist Mike Winkelmann, also known as Beeple, sold for more than $69M at Christie's auction house yesterday. The work was sold as an NFT—a non-fungible token—and marks a record amount in the spiraling crypto art craze. The sale price exceeds that of any work from artists like Frida Kahlo, Salvador DalĂ, and others.
NFTs are conceptually similar to digital certificates of authenticity that are completely unique and can't be forged. Similar to cryptocurrencies like Bitcoin, NFTs rely on blockchain technology (see 101), which uses decentralized networks to verify legitimacy and ownership. Since digital art (and other digital assets) can often be easily duplicated, these characteristics are viewed as the future of the digital art market. Go deeper on NFTs here.
The spectacular sales price appears mostly due to the pioneering use of the technology. Before last fall, the most Winkelmann had ever sold a piece for was $100.
See the piece here (but don't try and copy it).
Thursday, March 11, 2021
Thomas Sowell Documentary
Thomas Sowell Documentary
“Thomas Sowell: Common Sense in a Senseless World” is a new one-hour documentary that traces Sowell’s journey from humble beginnings to becoming one of America’s most preeminent economists, prolific authors, and public intellectuals—and senior fellow at the Hoover Institution since 1980.
Hosted by Jason Riley, a member of The Wall Street Journal editorial board, the one-hour program features insights from Sowell and interviews with his close friends and colleagues—revealing why this intensely private man is considered by many to be “one of the greatest minds of the past half-century.”
You can watch the full documentary here for free.
—Greg
Greg Stamps | Online Development
Hoover Institution | Stanford University
$1.9T Stimulus Passes
Stimulus Passes
The House gave final approval to a $1.9T economic aid package yesterday, passing the sweeping bill by a near party-line 220-211 vote. It marks the second-largest stimulus in US history behind last March's $2.2T CARES Act, and brings the total aid passed to counter the pandemic above $5T.
The proposal includes $1,400 direct payments to individuals making up to $75K, a sum dropping to zero at $80K ($150K to $160K for those filing jointly). The threshold for single parents is raised to $112.5K and drops to zero at $120K. Eligible households will also receive $1,400 per dependent. The cost of direct payments is near $400B.
The bill also significantly expands the child tax credit, provides $86B in pension support, $30B to support cash-strapped public transportation systems, and $28B in funding for the restaurant industry. A provision for $350B in state and local aid, criticized by Republicans, is included. Roughly $123B, or 7% of the bill, is marked for direct COVID-19 response, including testing and vaccine distribution. See a more detailed breakdown of the package here ($$, WashPo).
President Joe Biden is expected to sign the bill into law Friday.
Wednesday, March 10, 2021
Rip McIntosh - Thought of the Day Feb 2021
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CDC Reports 1,637 Deaths Following COVID-19 Vaccinations
Attributed to Covid Vaccinations 1,637 Deaths