Corruption and Epicureanism

Accounting firm Grant Thornton estimates that fraud in the construction industry worldwide costs $1.5 trillion dollars. Corruption is endemic because many big projects are financed by governments and are one-offs, like Sochi’s ice arenas and ski jumps. It is hard to estimate the cost of a unique building, but the more expensive it is the …

Continue reading ‘Corruption and Epicureanism’ »

Mr. Kalashnikov

The inventor of the popular AK-47 gun was secretly tormented by “unbearable spiritual agony”. Mikhail Kalashnikov, whose automatic rifle first went into production in 1947, became a Soviet hero and died recently at 94. Publicly, he never accepted any responsibility for those killed by the gun. But last year, in a letter to the Russian …

Continue reading ‘Mr. Kalashnikov’ »