Open Risk

Weak business investment threatens global growth, warns OECD Countries will be ‘unable to sustain growth’ unless companies start opening the taps

The obvious cause of low investment is the failure of the finance sector. The economic role of all those banks and financial institutions is to direct finance to investment. The sector is not fit for purpose.
#EconSky
on.ft.com/3JhyNYN Weak business investment threatens global growth, warns OECD

Hear Prof. Stefano Tibaldi (CMCC) explain how #C3S data powers research & planning for extreme events, and how AI can improve estimations of uncertainty in forecasting, helping decision-makers manage climate risks more effectively.

the thing is, at some point one must *fry* all these empanadas 🤣 and then we'll get to see who gets a fill and who goes hungry...

Pretty sure self-hosting could be radically simplified if there was serious money in it. And there *would* be serious money in it if data privacy was taken more seriously.

But it would still be a one pattern among many (e.g neighborhood or city-wide "commons clouds", next to commercial offerings).

"overthrowing them" sounds heroic but as Kemp says: "We’re dealing with a 5,000-year process that is going to be incredibly difficult to reverse".

Plan B is to build the social nets that will hold the pieces together when the inevitable happens. Those will also be the foundation for the future.

‘Self-termination is most likely’: the history and future of societal collapse An epic analysis of 5,000 years of civilisation argues that a global collapse is coming unless inequality is vanquished

‘Self-termination is most likely’: the history and future of societal collapse

- An epic analysis of 5,000 years of civilisation by Luke Kemp argues that a global collapse is coming unless inequality is vanquished

Story by me
www.theguardian.com/environment/...

Carl Sagan explains how the ancient Greeks knew the Earth was round and calculated its circumference over 2,000 years ago.

What is happening at an accelerated pace is that we are de-facto assuming responsibility for the condition of large parts of the biosphere, while it is more than manifest that we don't have the political maturity to be responsible stewards (and may even lack basic knowledge about how to do it).

"If you’re one of those people hungry for an accessible, sometimes irreverent, and occasionally straight-up pissed off take on how Silicon Valley is making what was already a very problematic financial system worse, I’m glad you’ve found your way here"

#fintech
#technosolutionism

It's a naked emperor (the Hans Christian Andersen one, not the one you were thinking of)

Chapter 4 of Fintech Dystopia has dropped, wherein I explore how blockchain sucks as a technology, but is a great Rorschach test for our values. I also spell out how crypto could cause a financial crisis.

Here's the link: fintechdystopia.com/chapters/cha...

The Man in the High Castle - Wikipedia

Philip K. Dick: "Man in the high castle" en.wikipedia.org/wiki/The_Man...

Even more irresponsible when said companies' core mission is... advertising.

Whisper it softly but the absurdity of how the modern digital landscape has been put together is exacting a toll that will only keep increasing.

Earth Overshoot Day over time July 24th is Earth Overshoot Day this year. Carbon emissions continue to be the largest contributor pushing the Ecological Footprint further above the planet’s annual budget

July 24th marks this year’s #EarthOvershootDay, the amount of time it takes for humanity’s demands on nature to surpass Earth’s capacity to replenish keeps getting shorter.

In the meantime the focus is on anything but our real existential problems.

overshoot.footprintnetwork.org/newsroom/pre...

Central banks warned to prepare for climate shock to labour market Central banks risk being blindsided by climate-driven shocks to global labour markets unless they overhaul their approach to monetary policy, a report published on Wednesday by the London School of Economics warned.

Central banks warned to prepare for climate shock to labour market

even if warming is limited to 1.5-2C, climate change will lower labour productivity, particularly in agriculture, construction and other sectors exposed to heat...

www.timeslive.co.za/news/world/2...

Here‘s one of my favortie headlines:

‘ZOOM’ stock halted after investors confuse it with Zoom Video stock
#dataviz

Can cities afford nature-based solutions that are #sustainable, scalable, and socially fair? Yes, and we’re breaking down four key steps to make it happen in the latest edition of #iNews, our global newsletter.
👉 mailchi.mp/iclei/inews-...

We need to pick up again the thread of a human-centered thinking around digital, as it started by early visionaries like Bush, Englebart and Tim-Berners Lee and materialized (against all odds) by the open source movement. The design of digital society is too important to be left to the adtech bros.

One of the great disappointments of recent decades is how limited the expectations of societies from digital technology. The dystopic (and ultimately inane) digital bubble of Meta and friends expanded effectively in the vacuum created by the absence of any competing positive vision.

There's nothing wrong with fictional expectations, but you have to pick them well. Pick them for hope, pick them for beauty, pick them for resistance and collective flourishing.

And that's the work in front of us!

It's ten years since Mark Carney gave his "Tragedy of the Horizon" speech, but now the financial risks of climate change are no longer over the horizon.

What public procurement officials want to know when buying GenAI - Open Contracting Partnership GenAI is everywhere. Not only in discussions at every procurement event, but increasingly as part…

What do #publicprocurement officials want and need to know when buying GenAI? Our Kaye Sklar shares our reflections from two hands-on workshops www.open-contracting.org/2025/07/10/w...

4.6 Billion Years On, the Sun Is Having a Moment In the past two years, without much notice, solar power has begun to truly transform the world’s energy system.

Globally, roughly a third more power is being generated from the sun this spring than last. If this exponential rate of growth can continue, we will soon live in a very different world, @billmckibben.bsky.social writes.

The preliminary programme for the 9th Conference on Econometric Models of Climate Change at the University of Victoria, 2025 is now available online! Looking forward to seeing everyone in Victoria in August! #EconSky tinyurl.com/emcc2025uvic

GitHub - open-risk/concentrationMetrics: A python library for the computation of various concentration, inequality and diversity indices A python library for the computation of various concentration, inequality and diversity indices - open-risk/concentrationMetrics

#note2myself:
※ github.com/open-risk/co...
※ www.openriskmanual.org/wiki/Categor...
※ pypi.org/project/ineq...
Thank you, @openrisk.eu.

without billions in wealth one cannot capture the political system, which means one is subject to market competition, regulations that aim to protect public welfare and other such inconveniences.

The poor billionaires *must* become gazillionaires or risk losing it all 🤓

OpenSustain.tech is now releasing all the data it collects on open-source sustainability projects and organisations on a monthly basis. This data is made available openly as GitHub artefacts. Are you interested in sponsoring or supporting our upcoming report?Drop a message github.com/protontypes/...

Imho the real issues with how society responds to technological advances lie elsewhere: the benefits of new technologies can be very unequally distributed (gatekeeping and artificially slow diffusion) and there is disregard for the limited ability of individuals to retrain over the span of lifetime.

Letter from the ECB President to Mr Bas Eickhout, MEP, on the secondary objective europa.eu/!4kxHdd

The EU needs an anti-greenwashing law. Dropping the #GreenClaimsDirective would be a major setback for consumer protection and sustainable businesses.

It erodes public trust, contradicts EU commitments, and weakens the fight against greenwashing and disinformation.