“We do not yet know whether AI will develop a sense of self. We can be confident, however, that if an AI system does develop a sense of self, it will be because it serves a useful purpose for that system. That suggests to me that any intelligent system that has evolved to have a sense of self is likely to have good reasons to cling to it. I refer to AI to invite readers to ponder the motivations that humans have to cling to their individual identity rather than seeking to dissolve it or escape from it.” (04/02/26)
“It’s a conceit of foreign policy intellectuals to try to infer from statements and events a consistent doctrine underlying an administration’s activities. It should be clear by now that there is no such thing as a Trump doctrine. The administration itself tried to articulate such a doctrine last November when it went through the ritual of producing a National Security Strategy for the second Trump term. It’s clear today that that strategy document bears no relationship to actual administration foreign policy.” (04/02/26)
“The petrodollar, per Grok, refers to U.S. dollars earned by oil-exporting countries (primarily OPEC members, plus others like Russia and Norway) from crude oil exports. It is not a separate currency but simply dollars received in payment for oil. The term also describes the broader petrodollar system: the longstanding global practice of pricing and trading most international oil in U.S. dollars, which creates sustained worldwide demand for the dollar. … The decision by the West to freeze Russia’s foreign reserves (including US dollars and US Treasury bonds) was the first nail in the coffin for the dollar, obliging sovereign countries to favour stateless assets such as gold. The decision by the US to join Israel in military adventuring against Iran will likely prove the first nail in the coffin for the petrodollar (and similarly boost prospects for the likes of gold over the medium term).” (04/02/26)
“A German artist who created carnival displays mocking Russian President Vladimir Putin was sentenced in absentia on Thursday to 8 1/2 years in prison by a court In Moscow. Jacques Tilly was convicted on charges of spreading false information about the Russian military and insulting religious feelings. Carnival parades in Germany are famed for their floats mocking a wide variety of domestic and global political figures, and Putin has frequently been a target. Tilly, 62, has been designing and building floats for Düsseldorf’s Carnival parade — one of Germany’s best-known — since 1984. In recent years, his designs have depicted Putin scrubbing himself in a bathtub filled with blood and painted in the colors of the Ukraine flag, while another featured a red-faced Putin biting into Ukraine, which was decorated with the words ‘Choke on it!'” (04/02/26)
“Average US mortgage rates climbed again for the fifth week in a row, making homebuying more expensive than it was just a few weeks ago, before the outbreak of war with Iran. The average 30-year fixed mortgage rate rose to 6.46% this week, jumping from 6.38% the previous week and reaching the highest level in seven months, according to Freddie Mac. The rise may be unwelcome news for those hoping to buy a home this spring, typically the busiest time of year for the housing market. During the last week of February, before the US-Israeli attack on Iran, the average 30-year mortgage rate was 5.98%.” (04/02/26)
