News Summary

• Apocalyptic thinking is the strongest impulse in American capitalism today.
• American business nowadays is best segmented not by industry but eschatology.
• The threat of war looms nearly as large in business as that of AI.
• The list of financial innovations central bankers say pose ‘systemic’ risks to the economy is so long it’s hard to believe the system hasn’t collapsed under the weight of its own anxiety.
• The appearance of comets has often foretold the end of the world.
• Nowadays a website tracks the private jets of the super-rich, supposedly because they would flee to safety in the event of a catastrophe.