Konstantin Romanov

852 Added | 5 Magazines | 9 Likes | 5 Following | 5,213 Followers | @kosmik | Developing trading software, rising kids, playing Xbox.

Why do we still call it capitalism?

When Spotify “went public” last week, it did so in name only, eschewing the usual fanfare of ringing the opening bell at the NYSE and most of the conventions of an IPO. While the price exceeded expectations in the early hours of trading—the most customary measure of success—CEO Daniel Ek had …

Market Capitalization

Tesla Model 3 Costs More To Charge Than A Gasoline Car

Investors who take it for granted that electric cars are cheaper to run, need to think again.<p>A comparison between Tesla Model 3 and the three leading …

Electric Vehicles

The Dishonesty of Sighted Listening Tests

An ongoing controversy within the high-end audio community is the efficacy of blind versus sighted audio product listening tests. In a blind …

Pictures of Moscow's Surprisingly Elegant Subway Stations

These opulent metro stops were designed to bring palaces to the people.<p>Everyday in Russia’s capital, residents commute like clockwork through an underground labyrinth filled with treasures. Soaring marble walls hold gilded mosaics, sculptures of fallen leaders, and painted scenes from Russian …

Why are people still using so much cash?

Bitcoin bitcoin bitcoin. All I ever hear about it bitcoin. (And when it’s not bitcoin, it’s often other cryptocurrencies.) But there is another means of payment that doesn’t get as much love, despite growing in popularity. It’s called cash.<p>According to a new report by the Bank for International …

Finance

There’s an unsaid caste system in Indian startups—ask those who didn’t go to an IIT

For years, graduates of the Indian Institutes of Technology (IITs) and the Indian Institutes of Management (IIM) have been treated as the holy grail across India’s industries—all the more so in its startup ecosystem. But as the sector matures, this seems to be turning into a problem.<p>From struggling …

Startups

He attends elite UC Berkeley but lives in a trailer with no heat or sewer hookups. Soon, he'll be scrambling to find new shelter

Ismael Chamu wakes up at sunrise, shivering in the drizzly morning’s chill. He rises from the floor of a small trailer, where he sleeps wedged next to his younger brother and an arm’s length from his two sisters, who share the only bed.<p>As he cooks breakfast, the smell of scrambled eggs and ripe …

A shadowy and controversial secret club meets in the California woods every year — and at least 5 US presidents were members

<b>• Bohemian Grove is the Sonoma County, California campground where the Bohemian Club meets annually.</b><p><b>• The Bohemian Club, a San Francisco-based private club that has counted a number of US presidents among its members, is a controversial group.</b><p><b>• The club's reported rituals and secretive status have</b> …

Ronald Reagan

One Hundred Years Later, the Madness of Daylight Saving Time Endures

One hundred years after Congress passed the first daylight saving legislation, lawmakers in Florida this week passed the “Sunshine Protection Act,” …

Nova Scotia

Uber Better Not Be the Future of Work

The ride-hailing service requires a commitment to a bad business decision.<p>A study by the Massachusetts Institute of Technology’s Center for Energy and Environmental Policy Research made a splash the other day when it claimed that the median pay of an Uber or Lyft driver in the U.S. is only $3.37 an …

Driverless Cars

The dangerous social cycle that makes us buy things we don't need

Despite composing several famous works, the French philosopher Denis Diderot spent the majority of his life in poverty.<p>Like many Enlightenment thinkers of his time, Diderot had little concern for material possessions. That changed when he received a new scarlet robe from his friend as a gift.<p>The …

Demonstration

If you’re so smart, why aren’t you rich? Turns out it’s just chance. - MIT Technology Review

The distribution of wealth follows a well-known pattern sometimes called an 80:20 rule: 80 percent of the wealth is owned by 20 percent of the …

Income Inequality

Uber drivers often make below minimum wage, report finds

Some drivers end up losing money after insurance, maintenance and other costs, according to study raising concerns over labor standards<p>Uber and Lyft drivers in the US make a median profit of as little as $8.55 per hour before taxes, according to a new report that suggests a majority of ride-share …

Income Inequality

Why Should We Give More Power to Those Who Presume to Rule But Can’t Even Govern?

The left has reached new heights in its paroxysms of rage in the aftermath of the Parkland mass school shooting. But anger and over-the-top virtue …

Digital Currencies

How do young people in Denmark view the Second World War?

"The long shadow after a difficult past."<p>This is the almost poetic title of a recent study describing how Danish, German and Finnish youth, perceive …

John Major's astonishing Brexit speech attacking Theresa May in full

I would like to express my thanks to the Creative Industries Federation, Somerset House Trust, and Tech London Advocates for the opportunity to speak …

Tax Hikes and More Welfare Are Making Sweden Great Again, Minister Says

Higher taxes and a relentless fight against inequality are making Sweden great again.<p>That’s the opinion of the country’s finance minister, Magdalena …

Economics

People in Sweden Now at Risk of Losing Access to Notes

People living in the world’s most cashless society may soon lose their access to notes and coins.<p>To avoid that extreme scenario, Swedish …

Central Banks

What Critics Don't Understand About Gun Culture

I carry a weapon—and it’s tied me closer to my community.<p>My wife knew something was amiss when the car blocked our driveway. She was outside our house, playing with our kids on our trampoline, when a car drove slowly down our rural Tennessee street. As it reached our house, it pulled partially in …

Guns

Mexican president’s meeting with Trump is called off over the border wall. The same thing happened last year.

In 2017, they cancelled on Twitter.<p>Mexican President Enrique Peña Nieto is 0 for 2 for actually making it to a meeting with at the White House. He called off plans to travel to Washington, DC after a testy call over Trump’s border wall. If that story feels familiar, it’s because it is: Around this …

Donald Trump

Airlines' Latest Sneaky Trick: Charging Passengers According to Who They Are, Not Where They're Flying

How low can they go? Look down. Keep looking.<p><i>Absurdly Driven</i> <i>looks at the world of business with a skeptical eye and a firmly rooted tongue in cheek.</i><p>Have you ever been ignored in a restaurant?<p>Have you walked into a fancy store and the clerks took one look at you and decided that you're not rich …

Frequent-flyer Programs

30 Movies from the Past 10 Years Everyone Should Watch at Least Once

Movie night, here we come.<p>If you’re looking for great movies, look no further. I’ve compiled a list of fantastic films from the past ten …

Country Lifestyle

How ‘Strange Fruit’ Killed Billie Holiday

×<p>William P. Gottlieb<p>Billie Holiday and Mister at Downbeat in New York City, ca. Feb. 1947. Courtesy Library of Congress.<p>“Strange Fruit” may have been …

Banks are mulling a creative way to enforce gun control even if the US government doesn't make a single change

Last week's deadly shooting at a Florida high school has renewed calls for gun-control legislation — but some finance-industry titans could take the issue into their own hands.<p>The New York Times columnist Andrew Ross Sorkin wrote on Monday that he had spent several days speaking with "a handful of …

Gun Control

China wages war on funeral strippers

China has launched its latest crackdown against a phenomenon which just won't seem to die in rural areas - funeral strippers.<p>The Ministry of Culture said last month that it was targeting "striptease" and other "obscene, pornographic, and vulgar performances" at funerals, weddings and traditional …

‘No Cash’ Signs Everywhere Has Sweden Worried It’s Gone Too Far

“No cash accepted” signs are becoming an increasingly common sight in shops and eateries across Sweden as payments go digital and mobile.<p>But the pace …

Central Banks

Ban the Olympics

They encourage profligate spending and help dictators burnish their prestige. Who needs them?<p>Editor’s Note: Read all of The Atlantic’s Winter Olympics coverage.<p>Other than fuel corruption, make countries spend pointlessly and profligately, inflame nationalist sentiment, act as onanistic stand-ins …

Political Science

What is Modern Monetary Theory, or “MMT”?

<i>By Dale Pierce. Cross posted from New Economic Perspectives</i><p>Modern Monetary Theory is a way of doing economics that incorporates a clear understanding …

What students know that experts don't: School is all about signaling, not skill-building

Parents, teachers, politicians and researchers tirelessly warn today's youths about the unforgiving job market that awaits them. If they want to succeed in tomorrow's economy, they can't just coast through school. They have to soak up precious knowledge like a sponge. But even as adulthood …