Technology is moving faster than government can keep up. For that, we need enlightened regulation, says David Weild, the former Vice President of NASDAQ and the Founder, Chairman, and CEO of IssuWorks, a company focused on creating technologies to better market securities.
Weild recently spoke at Exponential Finance, presented by Singularity University and CNBC. He pointed to the significant drop in the rate of IPOs every year as a sure sign that regulation is choking needed capital that drives innovation. “It’s interesting because when I was down in Congress I was asked, you know, by the republicans to say that there was too much regulation. And I was asked by the democrats to say that there was too little regulation. What I like to say is that I don’t think that there’s enough enlightened regulation,” Weild explained.
Since the early 1990s, prior to the dot com bubble, there would be an average of 500 IPOs every year, according to Weild. Once the bubble burst, government reacted with regulation that shrunk the annual number of IPOs to around 165.
Weild says that the regulation needs to be reformed: “We did a paper for the Organization of Economic Cooperation and Development, the OECD. We estimated that we should be doing 900 IPOs a year if we hadn’t changed market structure. That was a regulatory shift. So if you think about it all this great technology, but it’s not helping get capital into the hands of entrepreneurs.”
For more on Weild’s insights into how to make regulation more effective so that it allows greater innovation, watch this clip from Big Think’s interview:
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It's one of the most consistent patterns in the unviverse. What causes it?
- Spinning discs are everywhere – just look at our solar system, the rings of Saturn, and all the spiral galaxies in the universe.
- Spinning discs are the result of two things: The force of gravity and a phenomenon in physics called the conservation of angular momentum.
- Gravity brings matter together; the closer the matter gets, the more it accelerates – much like an ice skater who spins faster and faster the closer their arms get to their body. Then, this spinning cloud collapses due to up and down and diagonal collisions that cancel each other out until the only motion they have in common is the spin – and voila: A flat disc.
It turns out, that tattoo ink can travel throughout your body and settle in lymph nodes.
In the slightly macabre experiment to find out where tattoo ink travels to in the body, French and German researchers recently used synchrotron X-ray fluorescence in four "inked" human cadavers — as well as one without. The results of their 2017 study? Some of the tattoo ink apparently settled in lymph nodes.
Image from the study.
As the authors explain in the study — they hail from Ludwig Maximilian University of Munich, the European Synchrotron Radiation Facility, and the German Federal Institute for Risk Assessment — it would have been unethical to test this on live animals since those creatures would not be able to give permission to be tattooed.
Because of the prevalence of tattoos these days, the researchers wanted to find out if the ink could be harmful in some way.
"The increasing prevalence of tattoos provoked safety concerns with respect to particle distribution and effects inside the human body," they write.
It works like this: Since lymph nodes filter lymph, which is the fluid that carries white blood cells throughout the body in an effort to fight infections that are encountered, that is where some of the ink particles collect.
Image by authors of the study.
Titanium dioxide appears to be the thing that travels. It's a white tattoo ink pigment that's mixed with other colors all the time to control shades.
The study's authors will keep working on this in the meantime.
“In future experiments we will also look into the pigment and heavy metal burden of other, more distant internal organs and tissues in order to track any possible bio-distribution of tattoo ink ingredients throughout the body. The outcome of these investigations not only will be helpful in the assessment of the health risks associated with tattooing but also in the judgment of other exposures such as, e.g., the entrance of TiO2 nanoparticles present in cosmetics at the site of damaged skin."
Do you have a magnetic compass in your head?
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