09-16-2017, 03:20 PM
Called Bodega, this startup installs unmanned pantry boxes in apartments, offices, dorms, and gyms. It promises convenience, but also represents competition for many mom-and-pop stores.
Two Ex-Googlers Want To Make Bodegas And Mom-And-Pop Corner Stores Obsolete
Grayscale’s Bitcoin Investment Trust, a closed-end bitcoin fund, has lost nearly half of its value over the past two weeks, after falling a further 8% on Thursday amid a precipitous plunge in the value of its underlying asset. The 48% dive in the fund so far in September comes as bitcoin has shed about a third of its value, as the digital-currency market convulses lower on a spate of negative news.
One bitcoin-linked fund has lost half its value in just 2 weeks - MarketWatch
Until recently, policymakers had not worried too much about cryptocurrencies — they provided few benefits as a currency, apart from to those simply trying to hide their tracks. They are not a “store of value”, as Monday’s move showed. They are not widely enough accepted to be a useful medium of exchange. And digital currencies have failed to be as secure as promoted — they have been successfully hacked several times in the past 12 months.
The penny drops for central banks on cryptocurrencies
In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that research effort is rising substantially while research productivity is declining sharply. A good example is Moore's Law. The number of researchers required today to achieve the famous doubling every two years of the density of computer chips is more than 18 times larger than the number required in the early 1970s. Across a broad range of case studies at various levels of (dis)aggregation, we find that ideas — and in particular the exponential growth they imply — are getting harder and harder to find. Exponential growth results from the large increases in research effort that offset its declining productivity.
Are Ideas Getting Harder to Find?
The idea sketched out on that humble white board (pictured left) still remains the core of the Tiber Health project. Lenihan’s thesis is twofold. The first is that medical schools are looking at the wrong signals to determine who they accept. And once accepted, university resources are misallocated by focusing on having professors lecturing to students instead of providing more interactive and practical examples of lessons in the classroom. Lenihan first began changing admissions guidelines and teaching practices at Touro. He expanded the number of students admitted to the medical school and told teachers to start recording their lectures and distributing them before class.
Tiber Health wants to solve the world’s doctor shortage | TechCrunch