facility:rice university

  • Why the IPO of Saudi Arabia’s crown jewel has stalled
    https://money.cnn.com/2018/08/23/investing/saudi-aramco-ipo-oil/index.html

    Maybe the biggest issue is that an IPO could have forced the kingdom to divulge closely guarded state secrets. Going public requires transparency.

    #Aramco would likely be forced to lift the veil of secrecy around private information about the size of the kingdom’s oil reserves. Keeping those numbers confidential has added to Saudi Arabia’s clout inside OPEC.

    “Anybody with a smartphone would have access to detailed reserve figures that are now state secrets,” said Jim Krane, an energy analyst at Rice University’s Baker Institute for Public Policy.

    The Aramco problems could raise doubt about the kingdom’s commitment to the wise strategy of diversifying away from fossil fuels by selling a stake in Aramco.

    The rationale behind the diversification “remains sound,” Krane said, but the method “turned out to be flawed.”

    The stalled IPO has forced Saudi Arabia’s to look elsewhere for resources.

    The kingdom’s sovereign wealth fund is now seeking $12 billion in loans from international banks, the Financial Times reported on Thursday.

    #arabie_saoudite

  • The Gulf Impasse’s One Year Anniversary & the Changing Regional Dynamics – Gulf International Forum

    Kristian Coates Ulrichsen, Ph.D., Fellow for the Middle East, Rice University’s Baker Institute for Public Policy.

    http://gulfif.com/the-gulf-impasse

    A year has passed since the Qatar News Agency was hacked and implanted with ‘fake news’. Ten days later this hacking was followed by the diplomatic and economic embargo of Qatar by four regional states – Saudi Arabia, Bahrain, the United Arab Emirates (UAE), and Egypt. The element of surprise strategy applied by the Quartet was intended to shock the Qatari government into acceding to their demands. Now, one year later this approach is misplaced as Qatar proved more resilient than anticipated. Rather than isolating Qatar regionally and internationally, the crisis has widened the cracks in the Gulf into a chasm and has generated unintended consequences that risk inflicting generational damage on its political and social fabric. As with the Iraqi invasion and occupation of Kuwait in 1990, the blockade of Qatar is an era-rupturing event that will reverberate through the regional politics and international relations of the Gulf for years to come.

    Evolving Threat Perceptions
    The Gulf Cooperation Council (GCC) was formed in 1981 largely in response to regional security threats triggered by the Iranian Revolution in 1979 and the outbreak of the Iran-Iraq War in 1980. The six states that came together in Abu Dhabi to form the GCC often differed in their foreign policy outlook. The five smallest Gulf States shared varying degrees of wariness toward Saudi Arabia, reflecting in part a history of border disputes. For example, Kuwait was put under Saudi blockade in the 1920s and 1930s, Oman and Abu Dhabi had territorial disputes with Saudi Arabia from the 1950s to the 1970s, and as recently as 1992 and 1993 skirmishes occurred on the Saudi-Qatari border. Simmering unease in smaller Gulf capitals at the prospect of Saudi domination of GCC structures hampered attempts to construct collective military and security policies such as the Peninsula Shield Force or a common internal security agreement.

    And yet, throughout the three major wars in the Gulf – the Iran-Iraq War (1980-88), the Gulf War (1991), and the war and subsequent US-led occupation of Iraq (2003-11), the GCC remained a bastion of relative stability in a region gripped by conflict and insecurity. During this tumultuous period, all six GCC states retained a common threat perception enabling them to overcome instances of intra-GCC friction, such as Saudi and Emirati attempts to reverse the 1995 succession of Qatar’s Emir Hamad bin Khalifa Al Thani or the Emirati walkout from the planned GCC monetary union in 2010 after Riyadh was chosen over Abu Dhabi as the site of the prospective GCC central bank. Indeed, GCC states have always worked best together in the face of external threats that draw together the six ruling families’ common interest in political survival – evidenced by the decision in 2011 to revive and dispatch the Peninsula Shield Force to Bahrain to assist in the restoration of order and the creation of a $10 billion GCC fund to assist Bahrain and Oman in the wake of Arab Spring unrest.

  • Sound and Touch Collide - Issue 26: Color
    http://nautil.us/issue/26/color/sound-and-touch-collide-rp

    Tony Ro’s research on the brain’s mixing of sound and touch began, appropriately enough, at a mixer. It was the spring of 2000 in Houston, Texas, where he had recently launched his first laboratory at Rice University. The mixer was for new faculty at the school, to help them get to know each other. Ro struck up a conversation with Sherrilyn Roush, a 34-year-old philosopher, who told him all about her work on the reliability and fallibility of science. And Ro told her about his studies on how the human brain merges the torrent of sensory information we see, hear, and feel. “I said to him, ‘Well, you should study my brain!’ ” Roush recalls, laughing. “And then I immediately thought to myself, oh shit, he probably gets this at every party.” Ro gamely asked her why her brain was so unusual. She (...)

  • Sound and Touch Collide - Issue 10: Mergers & Acquisitions
    http://Nautil.us/issue/10/mergers--acquisitions/sound-and-touch-collide

    Tony Ro’s research on the brain’s mixing of sound and touch began, appropriately enough, at a mixer. It was the spring of 2000 in Houston, Texas, where he had recently launched his first laboratory at Rice University. The mixer was for new faculty at the school, to help them get to know each other. Ro struck up a conversation with Sherrilyn Roush, a 34-year-old philosopher, who told him all about her work on the reliability and fallibility of science. And Ro told her about his studies on how the human brain merges the torrent of sensory information we see, hear, and feel. “I said to him, ‘Well, you should study my brain!’ ” Roush recalls, laughing. “And then I immediately thought to myself, oh shit, he probably gets this at every party.” Ro gamely asked her why her brain was so unusual. She (...)

  • Moshe Vardi, a computer science professor at Rice University, thinks that by 2045 artificially intelligent machines may be capable of “if not any work that humans can do, then, at least, a very significant fraction of the work that humans can do.”

    http://singularityhub.com/2013/05/15/moshe-vardi-robots-could-put-humans-out-of-work-by-2045

    Are machines really replacing humans faster now than say in the early 19th or 20th centuries ? And are workers really falling behind at a greater rate ? We can’t say with certainty.

    However, we can say that accelerating technology over the last few centuries has consistently erased some jobs only to replace them with other jobs. In the short and medium term, these transition periods have caused discomfort and vicious battles in the political arena. But the long-term outcome has been largely positive—that is, improving living standards thanks to cheaper, better goods and services.

    By dismissing qualitative historical evidence as newly irrelevant, you’re left with a quantitative vacuum into which you can inject any number of competing theories, fascinating but as yet impossible to prove or disprove.

    As you may have gathered, I fall into the boring mainstream on the subject. To me, the technological unemployment thesis is too dire and what humans will do too hard to imagine. But just because we can’t imagine something, doesn’t mean it won’t exist.

    Le travail humain ne contribuera bientôt plus que marginalement à la satisfaction des besoins réels de l’humanité. L’appropriation locale des technologies apparentées est certainement la clé de l’émancipation du système d’exploitation capitaliste.