Latest Interviews

Hidden Volatility

Brian Garrett, Chris Hussey

Despite a S&P 500 rally driven by retail call-option activity that has inverted standard volatility skew, market strategists are utilizing inverted skew arbitrage and protective put strategies to navigate heightened single-stock risks amid potential government shutdown impacts. Although the October "boogeyman" is historically muted outside of major crises, the concentration of mega-cap tech names and upcoming AI catalysts are expected to be the primary drivers of volatility. With immediate shutdown concerns already factored into a modest market gain, attention is shifting toward Federal Reserve minutes and the delayed Non-Farm Payrolls report to guide the near-term economic outlook.

Unfolding the Mystery of Curved-Crease Sculpture with Origami Theorists from MIT

Martin Demaine, Eric Demaine

MIT researchers Eric and Martin Demaine collaborate as origami theorists to synthesize mathematical geometry with physical sculpture, operating on the principle that fun fuels superior artistic execution. Their bidirectional workflow transforms unsolved mathematical problems into interactive artworks like the "Solve Me" sculpture, which embeds hidden research challenges within complex, visually deceptive paper designs. By creating these impossible geometries, the duo simultaneously generates new mathematical puzzles and drives future research trajectories at the frontier of known solutions.

Covid-19: why your life will never be the same again

James Francham, Tom

The Economist has developed a global normality index tracking behavioral shifts across 50 nations in transport, leisure, and business to quantify the transition from pandemic restrictions to post-pandemic norms. Historical precedents like the Black Death and the 1918 flu inform the analysis of how health crises drive structural change, while current data suggests a hybrid world is emerging where retail habits and office occupancy permanently settle between pre-pandemic levels and new digital realities. Although long-term outcomes depend on future vaccine efficacy, the index confirms that society is moving toward a "normality tracker" that captures simultaneous acceleration of remote work and revival of mid-century trends like drive-throughs.

Covid-19: how to fix the economy

Henry Kerr

The pandemic triggered an unprecedented synchronized global economic shock, forcing governments in the US, UK, and Europe to deploy trillions in stimulus and innovative income support to mitigate record unemployment and prevent social instability. This crisis has accelerated structural shifts toward remote work, digital adoption, and supply chain protectionism, challenging policymakers to balance immediate fiscal relief with long-term sustainability while avoiding the austerity errors of the past decade. Ultimately, the scale of government intervention offers a critical window to reform the relationship between the state and citizens, though success depends on managing rising debt burdens and emerging populist tensions.

Will covid kill globalisation?

Vijay Vaitheeswaran

Driven by the 2008 financial crisis, the US-China trade war, and the COVID-19 pandemic, the global economy is rapidly shifting from hyper-connectivity toward a fractured, regionalized structure where supply chain resilience outweighs pure efficiency. This transformation forces multinational corporations to localize operations while simultaneously triggering technological decoupling and political nationalism that risks leaving developing nations behind in the industrialization race. Experts conclude that while the era of unfettered global trade has ended, the optimal future path lies in fostering "resilient interdependence" rather than isolationist barriers.

How to treat covid-19

In response to the 2020 SARS-CoV-2 pandemic, scientists are repurposing existing antivirals like Remdesivir and hydroxychloroquine to target the viral replicase system while the World Health Organization launches a global megatrial to evaluate their efficacy. Although President Donald Trump championed hydroxychloroquine as an immediate solution, rigorous clinical data remains limited compared to laboratory findings, prompting the trial to seek evidence of marginal therapeutic benefits. This strategy aims to rapidly reduce hospital stays and alleviate health system strain while the definitive long-term vaccine solution continues to develop over the estimated 1.5 to 2 years.

Any Company Can Offer Financial Services

Angela

Traditional financial institutions are being disrupted by a new "as-a-service" infrastructure stack that allows non-financial companies like Uber and Shopify to integrate banking products directly into their core models. By abstracting complex legacy systems and compliance hurdles, platforms such as Synapse and Plaid enable thousands of new ventures to launch niche financial solutions while reducing costs and improving customer trust. This shift is projected to transform the industry, with financial services revenue anticipated to surge from 10% to 80% of attendee sectors within five years as legacy barriers dissolve.

Goldman Sachs at 150: Part 2 – Hubris (1929)

Henry Goldman, Waddill Catchings, Walter Sachs

During the 1920s, leadership under Waddell Catchings pivoted Goldman Sachs toward aggressive leverage and the creation of the highly risky Trading Corporation, a move that nearly destroyed the firm following the 1929 market crash. Although the catastrophic collapse of the Trading Corporation reduced its stock from $326 to $1.75 and triggered a $100 million lawsuit from 42,000 stockholders, the legal separation of the entity from the main partnership allowed the original family-controlled firm to survive the Great Depression. This near-failure ultimately cemented a culture of constitutional pessimism and risk aversion, ensuring that future decision-making would prioritize long-term institutional stability over short-term profit maximization.

What is consciousness? | The Economist

Leading neuroscientists and philosophers such as Francis Crick, Christoph Koch, David Chalmers, and Daniel Dennett continue to debate whether consciousness is an objective neural mechanism or a subjective "hard problem" that resists reductionist explanation. Recent breakthroughs, including the discovery that electrical stimulation of the claustrum can temporarily induce unconsciousness, are helping researchers identify specific neural correlates to solve the binding problem of integrating sensory inputs. Despite these advances in mapping brain mechanics and evolutionary theories regarding self-awareness, the scientific community has not yet bridged the gap between explaining physical processes and accounting for the subjective experience of being.

Life in the universe

Frank Drake, Martin Rees, Stephen Hawking, Yuri Milner, Jack Szostak

Recent astronomical data reveals billions of Earth-like planets in the Milky Way, prompting expanded searches for extraterrestrial intelligence through projects like Breakthrough Listen and the upcoming James Webb Telescope. Researchers are simultaneously investigating local habitability on Mars, Europa, and Enceladus while laboratories such as Jack Szostak's attempt to synthesize life from primordial chemicals. These dual efforts aim to determine whether life is a cosmic inevitability or a rare phenomenon by analyzing biosignatures and achieving spontaneous self-replication in protocells.

Dr. Cristián Samper, President & CEO of the WCS: Talks at GS Session Highlights

Cristián Samper, Dr. Christian Sampere, Stephen

Dr. Christian Sampere, CEO of the Wildlife Conservation Society, leads a global conservation effort spanning 65 countries by leveraging public-private partnerships and carbon credit deals to fund community-based protection of charismatic species. This strategy has yielded significant results, such as halting Amazon deforestation through international payments and rebuilding New York's Ocean Wonders aquarium with a $250 million resilience investment following Hurricane Sandy. By combining scientific data on human footprints with sustainable development goals, the organization balances ecological preservation with economic incentives to secure large species populations in critical habitats.