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Timothy B. Lee

timothyblee.com

On Thursday, the Fed took a dramatic step to try to stabilize the financial system, offering banks trillions of dollars in new short-term loans. The loans would last for up to three months. Banks could only access the money if they turned over super-safe assets—mainly US Treasury bonds—whose value was equal to the…

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Nathan Myhrvold’s Evil Genius

Last year I wrote that Intellectual Ventures is a kind of reductio ad absurdum of our flawed patent system. It’s a firm that literally does nothing useful, its only business is the acquisition and licensing of patents. Not only does it have no intention of commercializing the technologies it “invents,” its business…