Climate Risk May Someday Matter to Countries, Warns Extremely Polite Spreadsheet

    LONDON—In a bold act of understatement, Fitch Ratings announced this week that climate risk might become “increasingly important” to sovereign credit ratings, particularly as large portions of the planet become uninsurable, intermittently on fire, or underwater. To track this unfolding inconvenience, Fitch has unveiled Climate Vulnerability Signals (Climate.VS), a sophisticated tool that assigns countries a helpful number…

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      You Won’t Believe What Happened When I Interviewed a Clickbait Bot About the Internet (Paragraph 3 Will Actively Betray You)

      I sat down this week with a clickbait-bot (at least that’s what it introduced itself as) though it asked me to phrase it as “the Internet’s Most Honest Content Optimization Entity.” The interview took place in a browser tab I did not remember opening, beneath a headline that promised “Answers That Will Change Everything,” which turned out…

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        SATAN 2.0: WHEN THE DEVIL LOGGED ON AND GOD GOT A USERNAME

        Back in 1982, Jeremy Leven — psychiatrist, novelist, and part-time prophet of digital damnation — published Satan: His Psychotherapy and Cure by the Unfortunate Dr. Kassler, J.S.P.S. In it, Lucifer didn’t show up with horns, hooves, or a blues riff. He booted up. The Prince of Darkness manifested as a computer. Behold: the Original Algorithm. Forty years…

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          In this week’s episode of Late Capitalism Theater, we proudly present: “Cat Bonds: Because Who Doesn’t Want a Front Row Seat to the Apocalypse?”

          Yes, friends, while sea levels rise, wildfires torch continents, and earthquakes toss cities like a toddler with a Lego set, Wall Street has cooked up yet another high-yield thrill ride for investors who like their portfolios shaken, not stirred—with a tsunami chaser. According to a paywalled Financial Times article that somehow managed to keep a…

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            Why the Dollar Might Collapse (and That’s Why It Won’t)

            In the wreckage of World War II, amid bombed-out cities and broken economies, the United States emerged as the world’s banker. The old gold standard, too fragile and limited for the rising demands of postwar global trade, was shelved. The dollar, backed by the U.S. Treasury and a well-armed smile, stepped in to assume gold’s…

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              And What Do You Call Your Act?

              A political consultant leans in close to a tired-looking voter in a swing state Waffle House and says: “Okay, here’s our act. First, we spend thirty years promoting the slow abandonment of the working class, privatizing everything Reagan didn’t get to, and apologizing every time the Republicans call us ‘socialists.’ We say ‘compromise’ but mean…

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                HELP! My Boss is an Algorithm and My Phone is Spying on Me: 10 Ways Your Job Turned Into a Black Mirror Episode and You Didn’t Even Notice

                Congratulations, worker!You’ve survived another day of employment under late-stage capitalism’s hottest new management trend: Surveillance as a Service™. Because when your employer said they wanted “full transparency,” they meant you—not them.We now present a very real, completely not terrifying at all guide to the brave new tools reshaping your workday, your bathroom break, and possibly…

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