Sunday, 10 January 2016 - 6:10pm
This week, I have been mostly writing an essay I should have started a month earlier, but also reading:
- Thinking About the Trumpthinkable — Alan Abramowitz via Paul Krugman in the NYT:
If none of the totally crazy things he’s said up until now have hurt him among Republican voters, why would any crazy things he says in the next few months hurt him?
- How Labour will secure the high-wage, hi-tech economy of the future — Chancellor-in-waiting John McDonnell in the Guardian:
The OECD thinks a developed country such as Britain should be spending a minimum of 3.5% of GDP on infrastructure. A Labour government would exceed that commitment. At present companies are sitting on a £400bn cash pile. So we will also look to change the corporate tax system and work constructively with companies to give them incentives to invest wisely.
But yes, he did really end with the punchline "It’s time to look to the future: socialism with an iPad." Urgh. - To Understand Climbing Death Rates Among Whites, Look To Women Of Childbearing Age — Laudan Aron, Lisa Dubay, Elaine Waxman, and Steven Martin at Health Affairs Blog say it's complicated:
The causes and consequences of the US health disadvantage, especially among women, are much more complex and serious than this analysis suggests. […] Improving the conditions of life that shape the health of women and their families and social networks and that are contributing to the “epidemic of pain” is critical. Many systemic and environmental factors are likely at work behind these mortality trends, including unstable and low-paying jobs, a fraying social safety net, and other stressors. When life conditions undermine health or one’s ability to make healthy choices, we all suffer.
- Donald Trump and the “F-Word” — Rick Perlstein at The Washington Spectator:
My main interest, though, is that moment of symbiosis between man and mob. They feed off each other. The way his people eat up Trump’s unalloyed joy in bullying: the way a purse of his lips and a glance offstage summoned the security guard who ejected Univision’s Jorge Ramos from a press conference, like a casino pit boss with a whale who gets too handsy with the cocktail waitresses. Trump’s not-quite-veiled threat to Megyn Kelly: “I’ve been very nice to you, although I could probably maybe not be. But I wouldn’t do that.” The body language he uses to intimidate a hapless and plaintive Jeb Bush during the second Republican debate. If he’s just giving the people what they want, consider the people. Consider what they want.
Good grief! Is that all? Isn't there a danger the Internet will cease to exist if I'm not there?
Sunday, 3 January 2016 - 5:26pm
This week, I have been mostly reading:
- Pregnant Silence — George Monbiot explains why the big problem isn't the number of people; it's the number of other animals bred for those people to eat in their lifetime:
Perhaps it’s no coincidence that so many post-reproductive white men are obsessed with human population growth, as it’s about the only environmental problem of which they can wash their hands.
- Do we still need microfoundations? — Daniel Little. I've been thinking about this in both the economics and sociology contexts. As desirable as it would be to reduce macroeconomics to microeconomics and social forces to the actions of individuals, insisting on such a reconciliation before any work can be done would be like rejecting gravity until Einstein came along to explain Newton's spooky force as the geometry of spacetime. Or denying Einstein the bodge of the cosmological constant in special relativity, or forbidding the use of dark energy in contemporary cosmology. Of course you can take provisional place-holding assumptions to unhealthy extremes, for instance by insisting that your model works perfectly well under the conditions in which it works, and that everywhere else, it is reality which is at fault. (So that is why we didn't see the financial crisis coming, your majesty.)
- Poor research-industry collaboration: time for blame or economic reality at work? — Glyn Davis:
We need teams of managers with the expertise to translate promising early research into commercial development. […] These people – venture catalysts – could work with inventors to package opportunities for investors.
ZOMG! MOAR MANAGERS!!! - The Most Perverse Story to Justify Inequality: The narrative of economic elites — Eric Michael Johnson, Evonomics:
When we were children we wouldn’t have understood that using financial derivatives to repackage subprime loans in order to resell them as AAA-rated securities was an unfair thing to do. Few of us today (including members of the commission charged with overseeing the financial services industry) can even understand that now. But we did know it was unfair when our sibling got a bigger piece of pie than we did. We began life with a general moral sense of what was fair and equitable and we built onto the framework from there. Chimpanzees, according to this study, appear to have a similar moral sense. The intricacies of what we judge to be fair or unfair would seem to have more to do with human cognitive complexity than anything intrinsically unique to our species. In other words, what we’re witnessing here is a difference of degree rather than kind.
- Bernie Sanders is a Socialist and So Are You — Ted Rall:
Setting aside the rather idiotic idea of voting for a candidate because everyone else is voting for her […] I have to wonder whether an electorate that knows nothing about socialism is qualified to vote at all.
- Saturday Morning Breakfast Cereal:
- MMT and Bernie Sanders — Randy Wray at New Economic Perspectives:
I think people are enthusiastic to finally have a candidate who is not the Wall Street candidate. Bernie’s spending priorities match those of the vast majority of the population—and are not supported by the top 1% on Wall Street. I think that if elected Bernie would give us an updated version of Roosevelt’s New Deal. The original New Deal is what brought America into the 20th century. We need a similar effort to bring us into the 21st.
- Yanis Varoufakis: Australia is a ‘plaything’ of world economic forces it cannot control — Martin Farrer in the Guardian:
“Australia – especially Sydney and Melbourne – has always insulated itself from facts about the world. Aided and abetted by the remarkable flow of capital towards the property market in Sydney and Melbourne, it has created a false sense of wellbeing,” he told the Guardian.
- “Socialism is as American as apple pie” — Bernie Sanders, via Occasional Links and Commentary:
What this campaign, from my perspective, is about, and I say this in every speech that I give: It's not just electing Bernie Sanders to be president (and I surely would appreciate your support) but, very honestly, it is much more than that. Because no president, not Bernie Sanders or anybody else, can implement the kind of changes we need in this country unless millions of people begin to stand up and fight back.
- Recently Bought a Windows Computer? Microsoft Probably Has Your Encryption Key — Micah Lee at the Intercept:
One of the excellent features of new Windows devices is that disk encryption is built-in and turned on by default, protecting your data in case your device is lost or stolen. But what is less well-known is that, if you are like most users and login to Windows 10 using your Microsoft account, your computer automatically uploaded a copy of your recovery key — which can be used to unlock your encrypted disk — to Microsoft’s servers, probably without your knowledge and without an option to opt out.
- DDoSing a regulator: A how-to manual from Facebook’s Free Basics — Rohin Dharmakumar, Times of India Blogs:
[…] a DDoS attack is one in which the perpetrators use a large number of unwitting PCs and servers to launch an attack on a site, so as to prevent the latter from serving its legitimate users and performing its stated function. What Facebook had carefully and deliberately crafted in India was a method to overwhelm [India’s apex telecom regulator] TRAI with a distributed set of responses that didn’t have anything to do with its consultation paper or questions.
- Some Big Changes in Macroeconomic Thinking from Lawrence Summers — Adam S. Posen, Peterson Institute for International Economics RealTime Economic Issues Watch:
In a working paper the Institute just released, Olivier Blanchard, Eugenio Cerutti, and Summers examine essentially all of the recessions in the OECD economies since the 1960s, and find strong evidence that in most cases the level of GDP is lower five to ten years afterward than any prerecession forecast or trend would have predicted. In other words, to quote Summers’ speech at our conference, “the classic model of cyclical fluctuations, that assume that they take place around the given trend is not the right model to begin the study of the business cycle. And [therefore]…the preoccupation of macroeconomics should be on lower frequency fluctuations that have consequences over long periods of time [that is, recessions and their aftermath].”
The business cycle is dead. Hysteresis rules, OK? - The political aftermath of financial crises: Going to extremes — Manuel Funke, Moritz Schularick, Christoph Trebesch at VoxEU.org:
The typical political reaction to financial crises is as follows: votes for far-right parties increase strongly, government majorities shrink, the fractionalisation of parliaments rises and the overall number of parties represented in parliament jumps. These developments likely hinder crisis resolution and contribute to political gridlock. The resulting policy uncertainty may contribute to the much-debated slow economic recoveries from financial crises.
Sunday, 27 December 2015 - 5:59pm
This week, I have been mostly reading:
- Islamic State’s Goal: “Eliminating the Grayzone” of Coexistence Between Muslims and the West — Murtaza Hussain, The Intercept:
The [Charlie Hebdo] attack had “further [brought] division to the world,” the group said, boasting that it had polarized society and “eliminated the grayzone,” representing coexistence between religious groups. As a result, it said, Muslims living in the West would soon no longer be welcome in their own societies. Treated with increasing suspicion, distrust and hostility by their fellow citizens as a result of the deadly shooting, Western Muslims would soon be forced to “either apostatize … or they [migrate] to the Islamic State, and thereby escape persecution from the crusader governments and citizens,” the group stated, while threatening of more attacks to come.
- From Pol Pot to ISIS: the blood never dried — John Pilger, On Line Opinion:
The Americans dropped the equivalent of five Hiroshimas on rural Cambodia during 1969-73. They leveled village after village, returning to bomb the rubble and corpses. The craters left giant necklaces of carnage, still visible from the air. The terror was unimaginable. A former Khmer Rouge official described how the survivors "froze up and they would wander around mute for three or four days. Terrified and half-crazy, the people were ready to believe what they were told... That was what made it so easy for the Khmer Rouge to win the people over." A Finnish Government Commission of Inquiry estimated that 600,000 Cambodians died in the ensuing civil war and described the bombing as the "first stage in a decade of genocide". What Nixon and Kissinger began, Pol Pot, their beneficiary, completed.
- Thrashing Not Swimming — Craig Murray:
Indeed one of the many extraordinary features of this fervid political period is that the neo-cons (be they Tory or Blairite) who are so actively beating the drum for war, are the ones who absolutely refuse to acknowledge that the source of the poison is Saudi Arabia. Cameron today told Westminster that the head of the snake is in Raqqa. That is plainly untrue. The head of the snake is in Riyadh. But if your God is Mammon, that is blasphemy.
- My Carpet Liquidation Center Really is Going Out of Business This Time — Patrick McKay at McSweeney's Internet Tendency:
I’d always wanted to be a carpet liquidator. Way back when I first opened this place, I said, “Man, this is it. I’ve joined a community. I’m staying here forever.” The calendar pages dropped away as I made my home, waved to my neighbors, and swept the shattered glass below my driver’s side window every Monday morning. Then, it happened. Completely out of the blue, my carpet liquidation center that’d been going out of business for 11 straight years, was suddenly going out of business! And I never saw it coming!
- Accumulate, accumulate! Or not — David F. Ruccio:
What are U.S. corporations doing with all the surplus they’re managing to rake in? Well, they’re not investing it. Instead, they’re paying it out to shareholders and upper-management, buying back their stock and expanding their portfolios of financial assets, and hoarding the rest in cash. The net effect is to dampen the rate of economic growth and the creation of new jobs.
- ‘On the first day of Christmas, my true love gave to me’ … a bunch of econ charts! — Jared Bernstein and Ben Spielberg. Including my favourites, US GDP hysteresis:
… and the post-oil-shock pay/productivity gap:
- First, second, and third order bias corrections — Andrew Gelman re-analyses the death rate data on middle-aged non-hispanic white Americans, which had provoked much scratching of heads (including mine). Apparently, apart from a small shift from 1998-2003, it's in line with what you'd expect as the baby boomers leave this cohort:
Sadly, despite my successful completion of the third-year "Advanced Social Research" unit at SCU (where the definition of "advanced", and for that matter "university", departs from common usage), I still have had no instruction in elementary statistics, so I can't comment on the validity of these corrections. - The Dangers of the Gates Foundation: Displacing Seeds and Farmers — From a presentation by Mariam Mayet, Other Worlds:
Monsanto and Pioneer Hi Bred, both US multinational companies, control most of the hybrid maize market in southern Africa. Through the acquisition of South Africa’s maize company, Panaar Seed, by Pioneer HiBred, hybrid pioneer [seeds] will make a lot of incursions [elsewhere] into Africa. We see and fear a great deal of social dislocation, of collapse of our farming systems – and it’s already happened. In industrialized-agriculture countries like South Africa, farmers have become completely deskilled and divorced from production decisions, which are made in laboratories or in far-away board rooms.
The Gates Foundation is a crony capitalist scam, not a charity. - The problem with self-driving cars: who controls the code? — Cory Doctorow in The Guardian:
A car is a high-speed, heavy object with the power to kill its users and the people around it. A compromise in the software that allowed an attacker to take over the brakes, accelerator and steering (such as last summer’s exploit against Chrysler’s Jeeps, which triggered a 1.4m vehicle recall) is a nightmare scenario. The only thing worse would be such an exploit against a car designed to have no user-override – designed, in fact, to treat any attempt from the vehicle’s user to redirect its programming as a selfish attempt to avoid the Trolley Problem’s cold equations. Whatever problems we will have with self-driving cars, they will be worsened by designing them to treat their passengers as adversaries.
- Pirate Bay Founder Builds The Ultimate Piracy Machine — Ernesto Van der Sar at TorrentFreak:
One of Peter [Sunde]’s major frustrations is how the entertainment industries handles the idea of copying. When calculating the losses piracy costs, they often put too much value on pirated copies. […] The “Kopimashin” makes 100 copies of the Gnarls Barkely track “Crazy” every second. This translates to more than eight million copies per day and roughly $10 million in ‘losses.’ […] The Kopimashin does make real copies of the track, but they are sent to /dev/null, which means that they are not permanently stored. The most important message, however, is that the millions of dollars in losses the industry claims from him and the other TPB founders are just as fictitious as the number displayed on the Kopimashin.
- Australia – wages growth at record low as redistribution to profits continues — Bill Mitchell:
What is clear is that since the September-quarter 1997, real wages have grown by only 11.4 per cent (so just over 0.6 per cent on average per year), whereas hourly labour productivity has grown by 28.9 per cent (or 1.7 per cent on average per year). This is a massive redistribution of national income to profits and away from wage-earners and the gap is widening each quarter.
Friday, 25 December 2015 - 10:50pm
"ALL the best Boxing day bargains aren’t necessarily in the shops with Australian consumers tipped to spend up to $2.26 billion over the post-Christmas period."
Ouch. Here, let me sub-edit for you:
"Australian consumers are tipped to spend up to $2.26 billion over the post-Christmas period, but the best Boxing Day bargains are not necessarily to be found in the shops."
That's if you hold your nose and allow the verb "tipped", which is somewhere near "top cop" in the league table of most tiresome media clichés.
"Bessie Hassan, Consumer Advocate at finder.com.au, forecasts NSW shoppers will spend the most online out of all Australian states and territories with the state to spend $104, 989,000 on Boxing Day alone and a total of $744,940,000 over the post-Christmas period."
Nope. Sorry. Can't do anything with that. You're on your own.
I have in the past complained about the Advocate's habit of publishing press releases verbatim, but this dog's breakfast suggests I didn't know when I was well off. A faithful reproduction would also reveal that Ms Hassan's real job title isn't "Consumer Advocate", but "PR Manager".
Sunday, 20 December 2015 - 9:20pm
This week, I have been mostly miserable and sleeping my way out through it, but also reading:
- You may soon need a licence to take photos of that classic designer chair you bought — Glyn Moody at Ars Technica UK:
Changes to UK copyright law will soon mean that you may need to take out a licence to photograph classic designer objects even if you own them. That's the result of the Enterprise and Regulatory Reform Act 2013, which extends the copyright of artistic objects like designer chairs from 25 years after they were first marketed to 70 years after the creator's death. In most cases, that will be well over a hundred years after the object was designed. During that period, taking a photo of the item will often require a licence from the copyright owner regardless of who owns the particular object in question.
- Lightbulb DRM: Philips Locks Purchasers Out Of Third-Party Bulbs With Firmware Update — Tim Cushing at Techdirt:
The world of connected devices is upon us and things have never been better. Criminals can access your email account by breaking into your fridge. Your child's toys and your television record your conversations and send them to manufacturers' servers, where criminals are (again) able to access them. Your home thermostat goes HAL 9000 and attempts to set your house on fire. And, now, your lightbulbs won't do the one thing you expect them to do: produce light.
- Saturday Morning Breakfast Cereal:
- Young people who question Government or media may be extremists, officials tell parents — Jon Stone, The Independent:
A leaflet drawn up by an inner-city child safeguarding board warns that “appearing angry about government policies, especially foreign policies” is a sign “specific to radicalisation”. Parents and carers have also been advised by the safeguarding children board in the London Borough of Camden that “showing a mistrust of mainstream media reports and a belief in conspiracy theories” could be a sign that children are being groomed by extremists.
Scarfolk is alive and well in Camden. - Caring doesn't scale — Brian Sletten in the service of O'Reilly's ego:
If the cost of integration falls to almost nothing it becomes easier to support casual interactions. They may turn into more formal, long-lived integrations down the road, but for now we can exchange information with anyone at any time about any subject for way less effort than you probably can imagine given the pains you have seen elsewhere. Our ability to do anything with this information isn't immediately guaranteed, but freeing it from silos is the first step.
Lingering resentment
Is Wordpress not quite fulfilling the requirements on the server side? Not a problem. You can do anything with Wordpress, if you know how to go about it:
<div id="shop"> […] </div>
<div id="shop-closed"> […] </div> <script> window.onload=function(){ var date = new Date(); var t = date.getHours(); var day = date.getDay(); var m = date.getMinutes(); if (day == 1 || day == 2 || day == 3){ if (t >= 11 && t <= 21 ){ }else{ var v = document.getElementById("shop-closed"); v.className = "section group div_row red-border MT1"; var n = document.getElementById("shop"); n.className = n.className + " hide-this"; } }
[…]
I am not making this up. This is how you run a successful web development business in 2015. Jesus Effing Christ. Can you at least use jQuery if you're going to do this kind of shit?
Sunday, 13 December 2015 - 5:44pm
I've long felt that what the field of quantum physics has been waiting for is a new slant from a business perspective. I'm sure that the folk at CERN will be grateful for these insights; they'll probably be able to sell the particle accelerators and replace them with a few life coaches.
I can also attest to the power of leadership. At the last gluten-free Coffs business networking meeting I attended, it occurred to me that the assortment of complete and utter "vibrating energies" in the room was many orders of magnitude more powerful than was justified by any expertise or intelligence.
These leaders are indeed not afraid to challenge established belief systems, whether it be the perceived need to pay wages, or the wisdom of the fluoridation of toothpaste. We are truly blessed in this region to have such an abundance of leaders who refuse to be hamstrung by reality.
Sunday, 13 December 2015 - 5:23pm
This week, I have been mostly letting the reading slide, with some exceptions:
- To Weld, Perchance, to Dream — Simon Critchley in the New York Times:
The pre-Socratic thinker Thales falls into a ditch because he’s too busy contemplating the heavens and their origins. A Thracian serving girl is said to have laughed heartily at Thales’ pratfall. And that’s how I like to think about philosophy: it doesn’t so much begin in the confined elegance of Oxbridge tutorials as in a ditch with a nasty bruise on one’s head and possibly some ligament damage.
- It's Too Late to Turn Off Trump — Matt Taibbi is mad as hell and not going to take it anymore, in Rolling Stone:
This world of schlock stereotypes and EZ solutions is the one experience a pampered billionaire can share with all of those "paycheck-to-paycheck" voters the candidates are always trying to reach. TV is the ultimate leveling phenomenon. It makes everyone, rich and poor, equally incapable of dealing with reality.
- Do Not Ask Western Leadership to Fix Anything — Ian Welsh:
If you want to fix any problem in the West, or have the West be helpful for fixing any global problem, you need to fix the Western leadership class. That means fixing Western media, education, corporations, etc, etc. The list is long, because they have deliberately broken virtually everything to turn it into an opportunity for a very few people to become richer. If you are British, you have a decent, honorable man who actually wants to do almost all the right things: Corbyn. Get to work supporting him, however you can. If he goes down, the political class will take it as a lesson that trying to help ordinary people is a really bad idea.
- One Night in Kunduz, One Morning in New York — Laura Gottesdiener, TomDispatch:
At 2:56 a.m., on the morning of the attack, an MSF representative in Kabul again texted an official of the American-led mission, demanding an end to the strikes, which had lasted nearly an hour. By then, flames had overtaken the main building, with children still trapped inside. Abdul Manar, a caretaker at the hospital, recalled the sound of their cries. "I could hear them screaming for help inside the hospital while it was set ablaze by the bombing," he told Al Jazeera.
- Hysteresis and Monetary Policy — Bill Craighead:
In macroeconomics, hysteresis occurs when an economic downturn has a lasting effect on economic capacity (i.e., reduced "potential output"); that is, lack of demand creates its own lack of supply. […] People with spells of long-term unemployment have a harder time finding jobs. But looking at the unemployed leaves out those who left the labor force entirely. The last several years have seen a significant drop in labor force participation rates, even among people aged 25-54. […] the unemployment (and presumably the depressed participation rate, too) is "structural" in nature, and not amenable to any improvement in aggregate demand that might be generated with expansionary monetary policy.
Wednesday, 9 December 2015 - 5:59pm
I have to disagree with Ted Rall here:
The Paris attacks are an attempt to sap political support — a better word might be tolerance, because the anti-ISIS war was never ratified by the people of France — for the French government’s participation in the air war against ISIS.
The attacks also serve secondary purposes as propaganda for recruitment — look, emasculated Muslims everywhere, we are fighting back against the infidel crusaders who have tortured and massacred and humiliated us, in their center of power! — as well as to make Westerners ask this very question: why us? ISIS wants France to draw the conclusion that what they are doing in Syria and Iraq is immoral and/or too costly to continue.
The attacks are all about propaganda, but not in either of the ways Ted suggests. Al Quaeda, and now ISIS, have never given two hoots about the West. New York, London, Madrid, Bali, Paris, are all just means to an end. They may well see these mass killings as just restribution, but that is an incidental matter. ISIS certainly do not want to be seen as victorious, nor do they want the Western atrocities to stop. They want to provoke ever-greater barbarity from the West upon defenseless populations, because it is that which is the ultimate recruitment tool in the part of the world they do care about.
Another question often asked is "where did they come from?" Not, as supposed by racists, from a weak-willed people unusually succeptible to "radicalisation". ISIS came from the same place as the Khmer Rouge; out of the rubble and into the power vaccuum created by Western bombs.
Tuesday, 8 December 2015 - 10:52pm
As a renter of several decades standing, and therefore a repeat victim of real estate professionalism, I am very impressed to see a Coffs local who is not too proud to hold his nose and publicly shoulder this dubious honour. It would indeed be a great step forward to have the current real estate entrance examination expanded from it's current two questions ("1. Do you own a suit? 2. If the answer to question 1 was 'yes', when can you start?") to three.