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Phyllis is one of the tunnel boring machines for Crossrail and one of the most extraordinary characters I met, visiting some of the most exciting infrastructure in Britain. Crossrail is the new railway which will run from West to East right across London. It is the biggest engineering project in Europe - and Phyllis herself is not exactly dainty. ↗
#biggest #boring #britain #characters #dainty
Put simply, behavioural economics argues that human beings' decision-taking is guided by the evolutionary baggage which we bring with us to the present day. Evolution has made us rational to a point, but not perfectly so. It has given us emotions, for example, which programme us to override our rational brain and act more instinctively. ↗
#baggage #behavioural #beings #brain #bring
The new industries are brainy industries and so-called knowledge workers tend to like to be near other people who are the same. Think of the City of Hollywood. People cluster. This means you have winning regions, such as London and Cambridge, and losing regions. The people who want to be top lawyers in Sunderland are hoovered up by London. ↗
We Brits print banknotes out in Debden in Essex, and have contracted it out to the private sector. Here in the U.S. it is a government operation right in the heart of Washington next door to the Holocaust Museum. ↗
#contracted #door #government #heart #here
