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The God Clause and the Reinsurance Industry

On the insurer’s insurer and calculating the risk of modern catastrophe:

Reinsurers are ultimately responsible for every new thing that God can come up with. As losses grew this decade, year by year, reinsurers have been working to figure out what they can do to make the God clause smaller, to reduce their exposure. They have billions of dollars at stake. They are very good at thinking about the world to come.

My First Flame

An early take on the dark side of cyberspace:

Like many newcomers to the "net"--which is what people call the global web that connects more than thirty thousand on-line networks--I had assumed, without really articulating the thought, that while talking to other people through my computer I was going to be sheltered by the same customs and laws that shelter me when I'm talking on the telephone or listening to the radio or watching TV. Now, for the first time, I understood the novelty and power of the technology I was dealing with.

Facebook, Spotify and the Future of Music

An orgy of free song-sharing seems to be exactly the kind of thing that the horrified labels would quickly clamp down on. But they appear to be starting to accept that their fortunes rest with the geeks. Or at least they’re trying to talk a good game. “I’m not part of the past—I’m part of the future,” says Lucian Grainge, chair and CEO of the world’s biggest label, Universal Music Group. “There’s a new philosophy, a new way of thinking.”

Paved, But Still Alive

As the critic Lewis Mumford wrote half a century ago, “The right to have access to every building in the city by private motorcar in an age when everyone possesses such a vehicle is the right to destroy the city.” Yet we continue to produce parking lots, in cities as well as in suburbs, in the same way we consume all those billions of plastic bottles of water and disposable diapers.