Feeds:
Posts
Comments

Archive for the ‘Economics’ Category

Probably, no nation is rich enough to pay for both war and civilization.  We must make our choice; we cannot have both.
   —   Abraham Flexner
.
On This Day In:
2020 Haunting Illusions
True Color
Crackin’ The Flags
2019 Maybe A Slight Advantage
We Should Never Give Up On Our Dreams
2018 As I Recall
2017 Truly Generous
2016 Choose Your Destiny
2015 Fast And Firm
2014 Neither Head Nor Heart
2013 Lonely, Foolish, Love Songs
Batting 1.000
Coward, n.
2012 At Least A Little More Difficult
2011 Speaking Of Fear

Read Full Post »

In our obscurity – in all this vastness – there is no hint that help will come from elsewhere to save us from ourselves.  It is up to us.
   —    Carl Sagan
[An Inauguration and rejoining the Paris Climate Accords are just a start.  —  KMAB]
.
On This Day In:
2020 Hoping For #46 In January 2021
2019 Interesting, But Not Fascinating
But Try To Eat The Low-Hanging First
2018 Me, Too
2017 Apt Enough?
2016 Now Or Ever
21, Pause, Restart
2015 I Am Shocked, Sir, Shocked…
Lucy & FSND-2
2014 Less Difficult
2013 The Spirit Of Liberty
2012 The Essential Freedom Of Aloneness
2011 A Problem Of Scale
Fred Doesn’t Live Here Anymore
2010 Another Book, Another Jog…

Read Full Post »

I just think that – when a country needs more income and we do, we’re only taking in 15 percent of GDP, I mean, that – that – when a country needs more income, they should get it from the people that have it.
   —    Warren Buffett
.
On This Day In:
2020 Steppin’…
2019 Every Vote Counts
2018 Or A President
2017 Pleasures
2016 Why Not?
2015 Je Suis Charlie
2014 To The Nines
2013 Higher And Truer
2012 Life’s Last Question
2011 A Single Heartbeat
A Little Male Humor – WHY MEN SHOULDN’T RETIRE

Read Full Post »

Aside from a moral obligation to treat workers well and pay them a living wage, there’s nothing to prevent more companies from jettisoning full-time employees and shifting to lower-paid gig workers.
They’d just be following what has been happening for decades in other fields.  Just as manufacturing shifted overseas for cheaper labor and as gig economy apps drove down wages for taxi and delivery drivers, the pandemic has hastened the gig-ification of white-collar jobs.  The gig economy might have been a crowded space before COVID-19, but the booming economy masked its workers’ struggles because many of them could find other jobs to supplement their income.  Now, that extra work has dried up, and their desperation is more evident than ever.  When gig work is the only pie that’s available to millions of people, sharing it means that some don’t even get crumbs.
   —    Alana Semuels
In her article: “As the gig economy grows, its workers’ paychecks shrink
In: Time Magazine, dtd: 1-8 June 2020
This article also appears online with a different title: “‘It’s a Race to the Bottom.’ The Coronavirus is Cutting Into Gig Worker Incomes as the Newly Jobless Flood Apps
The specific link is: https://time.com/5836868/gig-economy-coronavirus/
You may have to go through a paywall to view the online article.
.
On This Day In:
2019 Or In This Case – What’s Wrong
2018 Just Passing Through
2017 True Torture
Happy Thanksgiving – 2017 !!
2016 Overtaken
2015 Alone Praying
2014 A Full Man
2013 Off Defending The Universe
Taking Precautions
2012 Never, Never, Never
2011 Testing 1, 2, 3

Read Full Post »

Since man is a moment in astronomic time, a transient guest of the earth, a spore of his species, a scion of his race, a composite of body, character, and mind, a member of a family and a community, a believer or doubter of a faith, a unit in an economy, perhaps a citizen in a state or a soldier in an army, we may ask under the corresponding heads — astronomy, geology, geography, biology, ethnology, psychology, morality, religion, economics, politics, and war — what history has to say about the nature, conduct, and prospects of man.  It is a precarious enterprise, and only a fool would try to compress a hundred centuries into a hundred pages of hazardous conclusions.  We proceed.
   —   Will and Ariel Durant
From their book:   “The Lessons Of History
.
On This Day In:
2019 How #45’s Father Raised Him For Incompetence
2018 Describing #45 – “The Loser” – As A Successful Businessman
Raking – #PresidentIdiot Proposes Full Employment For California
2017 Federal Deficit, National Debt And Tax Cuts For The 1%
2016 Picky, Picky, Picky
2015 Another Limitation On Religion
2014 Enduring
2013 Tell Me More…
2012 Passing…
2011 Fake It ‘Til You Make It

Read Full Post »

“Are you a socialist?” Ted Turner asked Carl Sagan.  “I’m not sure what a socialist is,” Sagan replied.
But I believe the government has a responsibility to care for the people,” Sagan said.
“I’m talking about making people self-reliant, people able to take care of themselves,” he continued.  “There are countries which are perfectly able to do that.  The United States is an extremely rich country, it’s perfectly able to do that.  It chooses not to.  It chooses to have homeless people.”
.
On This Day In:
2019 He Claims It’s Fake News And Spies
2018 Mine, Too
2017 Who’s Turn Is It Now?
2016 Before You Vote In November…
2015 Two Faithful Thoughts
2014 Love Light
Orange October (III) – Giants Advance To National League Championship Series (NLCS)
2013 Nothing Ridiculous
2012 Keeping Faith
2011 Summon Us, Don’t Criticize Us
2010 Obama’s Wars – Book Review
Game Two – Hearbreaking Loss

Read Full Post »

One lesson is to have diverse voices at the table, to make sure democracy is retained.  But there are also things that we can’t put price tags on.  Some things are part of our public welfare, and we should not look at a balance book to do them.
   —   Dr. Mona Hanna-Attisha
(Discussing the poisoning of the Flint, Michigan public water supply.)
As quoted by:  Belinda Luscombe
In her interview titled: “8 Questions
Appearing in: Time Magazine, dtd: 9 July 2019
.
On This Day In:
2019 And Yet, I Believe
2018 Beats
First Step: Starting Cleansing (Again)
2017 Effective Stimuli
2016 Dave’s Not Here, Man
2015 Blink
2014 The Struggle To Educate America Continues…
2013 On Elections
2012 Warm Smiles
Pick Your Poison
2011 Straight Shooters

Read Full Post »

In 1971 the social scientist Herbert Simon anticipated the attention economy when he wrote that in an information-rich world, the most scarce resource is the one that information itself consumes: attention.  “A wealth of information creates a poverty of attention and a need to allocate that attention efficiently,” he wrote.  Here’s how the designers of our devices, social platforms, operating systems, and websites have decided to allocate our attention: They have placed a bounty on it, monetizing our data and our gaze.  Advertisements and other types of persuasive communication — political ads, entertainment, social media alerts — are all gunning for that bounty.
  —   Zeynep Tufekci
From her article: “In Praise Of One-Trick Ponies
Appearing in: Wired Magazine, dtd: October 2019
.
On This Day In:
2019 Boxes
2018 Hoping For Better Come November
An Honest Binge
2017 Give And Keep
2016 No Change Here
2015 Campbell’s Law
2014 Dignified Values
2013 Unappreciated Skill
2012 Living Courage
2011 What’s Happening To Us?
2010 Toothbrush, Carbon and Monoxide
Look on my works, ye mighty, and despair!

Read Full Post »

There is nothing wrong with, and much to be gained by, using our mind analytically, but to use it almost exclusively in this way is unbalanced and has a not insignificant responsibility for the perilous state of affairs on our planet.  Though the odds against it happening seem to be mounting, perhaps a more intuitive way of thinking about he world might help us to recognize and reduce in time our overdevelopment of and overdependence on the ever-growing machinery that is supposed to make our lives easier and better.  We are swept along by technological development so that in our urban environment, many of us interact increasingly with electronic devices and less with other human beings.  In addition, our culture is gradually losing our knowledge of and our direct connection with the natural or unprocessed things of the earth.  With a more intuitive way of thinking about our lives could come the realization that our very survival may depend on the other forms of life our present political and economic systems are destroying.  At the least, a better synthesis than we have now between the analytical and the intuitive, in which the intuitive gets equal attention, seems necessary to our longer-term welfare.
  —   Herman Kauz
From his book: “Push-Hands: The Handbook For Non-Competitive Tai Chi Practice With A Partner
.
On This Day In:
2019 It’s Only Funny If You’re Old Enough To Know What “Film” Was
2018 Bourne Wicked Blonde
First Things First
2017 This Explains A Lot
2016 Me Too
2015 A Proper Price
2014 Well Hard
2013 Because I Can
Eloquence, n.
2012 Why Bother?
2011 Peculiar Notions

Read Full Post »

We cannot ensure success, but we can deserve it.
  —  Joseph Addison
.
On This Day In:
2019 Or Thought I’d Thought
2018 Go And Dare
2017 And Wealth A Poor Substitute For Ability
2016 Neither Darkness Nor Shadows
2015 It Took Roots
2014 Hard Evidence
2013 Full Participation
2012 Roving (Again)
Ooops, Again
2011 Why Not?

Read Full Post »

Orwell sought to awaken British and U.S. societies to the totalitarian dangers that threatened democracy even after the Nazi defeat.  In letters before and after his novel’s completion, Orwell urged “constant criticism,” warning that any “immunity” to totalitarianism must not be taken for granted: “Totalitarianism, if not fought against, could triumph anywhere.”
For 19 years, private companies practicing an unprecedented economic logic that I call surveillance capitalism have hijacked the Internet and its digital technologies.
Because this power does not claim our bodies through violence and fear, we under-value its effects and lower our guard.  Instrumentarian power exiles us from our own behavior.  It delivers our futures to surveillance capitalism’s interests.  And it undermines human autonomy and self-determination, without which democracy cannot survive.
Surveillance capitalist falsely claim their methods are inevitable consequences of digital technologies.  But Orwell despised “the instinct to bow down before the conqueror of the moment.”  Courage, he insisted, demands that we assert our morals even against forces that appear invincible.
Seven decades later, we can honor Orwell’s death by refusing to cede the digital future.  Like Orwell, think critically and criticize.  Do not take freedom for granted. Fight for the one idea in the long human story that asserts the people’s right to rule themselves.  Orwell reckoned it was worth dying for.
    —    Shoshana Zuboff
From her opinion / editorial:  “The Threat of Big Other
Appearing in Time Magazine, dtd: 6 June 2019
This quote is from the hard-copy issue.  The article is also online, but significantly differs from the text version.
.
On This Day In:
2019 Before & After
Quiet, Please!
2018 Heavy On The Starch
2017 But The Beginning Of What?
2016 Today’s Rule
2015 Remembering Oklahoma City
2014 Who Was That Masked Man?
2013 Enemy Mine
2012 Strengthen Me
2011 Service, Please
2010 The Church In Crisis…

Read Full Post »

If you don’t figure out how to make things work from a broader societal perspective, you will pay a steep price for many years.
    —    Brad Smith
President, Microsoft Corp.
As quoted by: Romesh Ratnesar
In his article: “Trust
Appearing in Time Magazine,  dtd:  16 September 2019
.
On This Day In:
2019 Eureka!
2018 Learning About My Humanity
2017 Laugh Or Shake Your Head
2016 The Expected Cure
2015 Of Two Minds
2014 Pride And Remembrance
2013 Repeating Bad Memories
2012 No Sooner
2011 Just Cheesy!
Are You Illin’?

Read Full Post »

It’s a simple fact that technology has been weaponized by private companies against democracy.  Corporations are not people.  They don’t have souls.  They’re institutions designed to make money.  And the way the government has always dealt with them is to regulate them to the point where they cease being dangerous to the public.
    —    Barry C. Lynn
Executive Director
Open Markets Institute
As quoted by: Romesh Ratnesar
In his article: “Trust
Appearing in Time Magazine,  dtd:  16 September 2019
.
On This Day In:
2019 Does Terrible But Not Important Count?
2018 Have You Stretched Today?
The Original
2017 Being Nice
2016 Zero To Some = Most
2015 Born More Obligated
2014 Rage And Fury
2013 Successful Children
2012 For God So Loved The World
2011 Go Cheeseheads!!
Structured Mentality

Read Full Post »

Why do techies insist that things should be sped up, torqued, optimized?
There’s one obvious reason, of course:  They do it because of the dictates of the market.  Capitalism handsomely rewards anyone who can improve a process and squeeze some margin out.  But with software, there’s something else going on too.  For coders, efficiency is more than just a tool for business.  It’s an existential state, an emotional driver.
Coders might have different backgrounds and political opinions, but nearly every one I’ve ever met found deep, almost soulful pleasure in taking something inefficient — even just a little bit slow — and tightening it up a notch.  Removing the friction from a system is an aesthetic joy; coders’ eyes blaze when they talk about making something run faster or how they eliminated some bothersome human effort from a process.
   —    Clive Thompson
From his article:  “Efficiency Is Beautiful
In Wired Magazine, dtd: April 2019
Also online at:  https://www.wired.com/story/coders-efficiency-is-beautiful/
.
On This Day In:
2018 Cursive In The News
2017 Coffee Crunch
2016 Preparation
2015 Scarcely Asked
2014 They Resemble Us
2013 Both
2012 That’s Success!
2011 Losing At Dominos
2010 1,001

Read Full Post »

We believe that according the name ‘investors’ to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a ‘romantic.’
   —    Warren Buffett
[With the Dow at very near an all-time high, a “normal” market “correction” (a 10% drop) will still leave the market above 25,000 which would still be a historic end of year high.  The only questions are when will the correction eventually happen and how far past “normal” it will go?  Okay, three: how long will it last?  Remember, this is the first Presidency to have an 800 point drop in a single day…  Of the top five daily losses in Dow history (roughly 120 years), ALL five have happened during the current Administration.  So far, we’ve recovered from each quickly…   —    KMAB]
.
On This Day In:
2018 Dominoes II (Update From Last Year’s Post)
2017 Dominoes
2016 Itchin’
2015 In The Not So Distant Future
2014 Sources
2013 Three Essentials
2012 Just Looking
2011 Religious Lessons
2010 View From Under The Bus… (A mid-term report card on the Obama Administration. Long, but still worth reading for historical perspective.)

Read Full Post »

Older Posts »

%d bloggers like this: