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Economists have identified 5 Kondratieff Waves since the 18th century.

1. The first resulted from the invention of the steam engine and ran from 1780 to 1830.
2. The second cycle arose because of the steel industry and the spread of railroads, and ran from 1830 to 1880.
3. The third cycle resulted from electrification and innovation in the chemical industry, and ran from 1880 to 1930.
4. The fourth cycle was fueled by autos and petrochemicals, and lasted from 1930 to 1970.
5. The fifth cycle was based on information technology and began in 1970 and ran through the present, though some economists believe we are at the start of a sixth wave that will be driven by biotechnology and healthcare.

For all his troubles, the Russian economist Nikolai Dmitriyevich Kondratiev was killed by a firing squad in 1938.

[Via Investopedia]

Turns out Adam Sandler’s quite the family man.

James was renowned for his pithy turns of phrase. He once likened Arnold Schwarzenegger to “a brown condom full of walnuts” and said motor racing commentator Murray Walker sounded “like a man whose trousers are on fire”. He was equally waspish when describing Dame Barbara Cartland, whose eyes he said “looked like the corpses of two small crows that had crashed into a chalk cliff”.

“Common sense and a sense of humour are the same thing, moving at different speeds,” was another of his famous quotes.

Clive James: Australian broadcaster and author dies aged 80

Often called a problem solving set, Einstellung refers to a person’s predisposition to solve a given problem in a specific manner even though better or more appropriate methods of solving the problem exist.

Einstellung effect

If you have 30 minutes, Vaquita: The Business of Extinction is really worth watching to know how far away we are from a solution that is fair to life and livelihood.

(Given that Aliexpress can be a cesspit of crap, this is actually a decent product.)

Labels strive to establish trust between artists and listeners. They’re like your favorite restaurant around the corner. [In] the spur of the moment, you might find more excitement in that hip place that just opened somewhere else. But when the novelty fades, you’ll always return to your sanctuary. The safe place where they know your name and the last drink is on the house.

Kompakt CD 154 D

If you talk to the folks at Upgrade Labs for any amount of time, you’ll likely hear the story of a person who emerged from the pod in tears, claiming to have encountered God.

A Santa Monica Tech Startup Has “Hacked” Meditation