Toby Nangle

Toby Nangle

@tobyn.bsky.social

FT Alphaville reporter. Ex-“veteran” fund manager. Resolution Foundation Assoc. Baring Foundation Trustee.

15.3K followers571 following3.7K posts

Toby Nangle
@tobyn.bsky.social

Got to admit I'm a bit in awe of @laurenleek.eu. Another wonderful piece of work.

Lauren Leek@laurenleek.eu

I analysed 40 years of British laws and found that society was the footnote. Dirty rivers, absurd train fares, families fighting for support: all share the same flaw: governments optimise the wrong things. Could software engineering offer a fix? laurenleek.substack.com/p/theres-no-...

laurenleek.substack.comThere's No Such Thing as Society in the Objective FunctionGovernments, like the rest of us, optimise the number in front of them. I followed the formulas behind Britain's bills, rivers and public services. Here's what they leave out and how to fix it.

Toby Nangle reposted

Tao Neuendorffer
@taonf.bsky.social

Cray-2 was the fastest computer ever built as of 1985, processing at 1.9 gigaflops, or 1.9 billion floating point operations per second (FLOPS) iPhone 17 processes at ~2,073 gigaflops, or 2 trillion FLOPS Cray-2 weighed >5,500 pounds, while the iPhone 17 weighs 6.24 ounces— >14,000 times lighter

bgr.comHow Does An '80s Supercomputer Compare To A Modern iPhone? - BGRCompared to the Cray-2, which was the pinnacle of supercomputing in 1985, an iPhone 17 delivers orders of magnitude more processing power.
By Cory Doctorow (GPG 0xBF3D9110957E5F4C)@doctorow.pluralistic.net

www.tumblr.com/thevaultofth...

Toby Nangle
@tobyn.bsky.social

So good. Tokenisation isn't bad, but it doesn't solve the ledger problem. For insts without this problem, maybe it makes sense in particular contexts. Like changing your cloud computing service provider.

Tony Tassell@tonytassell.bsky.social

in which @bhgreeley.bsky.social takes aim at tokensation, arguing why it does not suspend the laws of finance as.ft.com/r/fb0b5d8a-a...

Toby Nangle
@tobyn.bsky.social

Absent a failed auction/ proper panic, France’s debt service costs rise only slowly. Bond mkt pressure is chronic rather than acute, so competes with other chronic pressures (and likely trumped by those that become acute first).

Toby Nangle reposted

Anne Applebaum
@anneapplebaum.wsocial.eu

The president of Brazil has won a court case against Meta, after accusing them of restricting his posts and algorithmically favoring his opponent, Flavio Bolsonaro www.nbcnews.com/world/south-...

nbcnews.comBrazil’s Lula wins electoral court challenge against Meta for alleged pro-Bolsonaro algorithm biasA judge ruled that the tech company must adopt measures to immediately secure equal treatment of the two presidential candidates ahead of an Oct. 25 runoff.
Toby Nangle
@tobyn.bsky.social

BIG PRIZES for explaining why the US govt outspends all its European cousins who operate universal healthcare, and why Ireland and Japan hates its children.

Toby Nangle
@tobyn.bsky.social

Also thought chart 3 was a good one, where the red line is the US. Again, on the page you can hover your pointer over each line to see which country is which.