longreads

The Decline Effect But now all sorts of well-established, multiply confirmed findings have started to look increasingly uncertain. It’s as if our facts were losing their truth: claims that have been enshrined in textbooks are suddenly unprovable. This phenomenon doesn’t yet have an official name, but it’s occurring across a wide range of fields, from […]

Out of Lehman’s Ashes Wall Street Gets Most of What It Wants “We continue to listen to the same people whose errors in judgment were central to the problem,” said John Reed, 71, a former co-chief executive officer of Citigroup Inc., who estimated only 25 percent of needed changes have been enacted. “I’m astounded because […]

Medieval Warfare: Just as Terrifying as You Might Imagine The soldier now known as Towton 25 had survived battle before. A healed skull fracture points to previous engagements. He was old enough—somewhere between 36 and 45 when he died—to have gained plenty of experience of fighting. But on March 29th 1461, his luck ran out. […]

How Bell Hit Bottom Rizzo and seven other Bell leaders past and present are charged with looting more than $5.5 million from one of the county’s poorest municipalities. It is a hydra-headed scandal that has spawned seven federal, state and county investigations and transformed a forgotten suburb into a synonym for rogue governance. It has […]

The Gleeful Contrarian “The site is intended to expand the reader’s sphere of interest. It’s a grave mistake in publishing, whether you’re talking about Internet or print publication, to try to play to a limited repertoire of established reader interests. A few years ago Bill Gates was boasting that we’ll soon have sensors which will […]

Algorithms Take Control of Wall Street “The kind of trading strategies our system uses are not the kind of strategies that humans use,” Kharitonov continues. “We’re not competing with humans, because when you’re trading thousands of stocks simultaneously, trying to capture very, very small changes, the human brain is just not good at that. We’re […]