Diversified Digest: November 13
November 13th, 2017 | posted in: Insights
by: Jason Lioon
Crown Prince Mohammed bin Salman, the leader of a Saudi anticorruption commission, has had hundreds arrested over the past week, including prominent investor Prince Alwaleed bin Talal. This has shaken up a kingdom that has traditionally been dominated by a seemingly untouchable elite. Many have surmised that this is a cash grab or an effort by bin Salman to consolidate power. However, change in Saudi Arabia generally occurs at a glacial place, so perhaps this is a genuine attempt to speed reforms.
Senate Republicans unveiled their version of the tax plan on Thursday. There are some notable differences with the plan that came out from the House last week (most notably delaying the implementation of the corporate tax cut and keeping the mortgage interest deduction), but both plans have created some angst, especially amongst PhD students, as tax code simplification could mean the loss of some powerful deductions.
The New York Times Magazine (10 free article views/month) had a number of interesting features this week on Technology & Design. A piece about Tesla’s ambitious goals is especially interesting, especially when viewed through Elon Musk’s desire to force change as rapidly as possible. There are also a couple great pieces about autonomous cars.
Finally, for those of you who are a bit concerned about the price tag on the $1,000+ iPhone X, perhaps you just need to put that expenditure in context.