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" Fearless commentary on finance, economics, politics and power Follow yvessmith on Twitter Feedburner RSS Feed RSS Feed for Comments Subscribe via Email SUBSCRIBE Recent Items Links 3/11/17 - 03/11/2017 - Yves Smith Deutsche Bank Tries to Stay Alive - 03/11/2017 - Yves Smith John Helmer: Australian Government Trips Up Ukrainian Court Claim of MH17 as Terrorism - 03/11/2017 - Yves Smith 2:00PM Water Cooler 3/10/2017 - 03/10/2017 - Lambert Strether Why a 400-Year Program of Modernist Thinking is Exploding - 03/10/2017 - Yves Smith Links 3/10/17 - 03/10/2017 - Yves Smith Why It Will Take a Lot More Than a Smartphone to Get the Sharing Economy Started - 03/10/2017 - Yves Smith CalPERS' General Counsel Railroads Board on Fiduciary Counsel Selection - 03/10/2017 - Yves Smith Another Somalian Famine - 03/10/2017 - Yves Smith Trade now with TradeStation - Highest rated for frequent traders Why a 400-Year Program of Modernist Thinking is Exploding Posted on March 10, 2017 by Yves Smith By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Across the globe, a collective freak-out spanning the whole political system is picking up steam with every new "surprise" election, rush of tormented souls across borders, and tweet from the star of America's great unreality show, Donald Trump. But what exactly is the force that seems to be pushing us towards Armageddon? Is it capitalism gone wild? Globalization? Political corruption? Techno-nightmares? Rajani Kanth, a political economist, social thinker, and poet, goes beyond any of these explanations for the answer. In his view, what's throwing most of us off kilter - whether we think of ourselves as on the left or right, capitalist or socialist -was birthed 400 years ago during the period of the Enlightenment. It's a set of assumptions, a particular way of looking at the world that pushed out previous modes o

"With each interaction, Alexa is training to hear better, to interpret more precisely, to trigger actions that map to the user's commands more accurately, and to build a more complete model of their preferences, habits and desires. What is required to make this possible? Put simply: each small moment of convenience - be it answering a question, turning on a light, or playing a song - requires a vast planetary network, fueled by the extraction of non-renewable materials, labor, and data. The scale of resources required is many magnitudes greater than the energy and labor it would take a human to operate a household appliance or flick a switch. A full accounting for these costs is almost impossible, but it is increasingly important that we grasp the scale and scope if we are to understand and govern the technical infrastructures that thread through our lives. III The Salar, the world's largest flat surface, is located in southwest Bolivia at an altitude of 3,656 meters above sea level. It is a high plateau, covered by a few meters of salt crust which are exceptionally rich in lithium, containing 50% to 70% of the world's lithium reserves. 4 The Salar, alongside the neighboring Atacama regions in Chile and Argentina, are major sites for lithium extraction. This soft, silvery metal is currently used to power mobile connected devices, as a crucial material used for the production of lithium-Ion batteries. It is known as 'grey gold.' Smartphone batteries, for example, usually have less than eight grams of this material. 5 Each Tesla car needs approximately seven kilograms of lithium for its battery pack. 6 All these batteries have a limited lifespan, and once consumed they are thrown away as waste. Amazon reminds users that they cannot open up and repair their Echo, because this will void the warranty. The Amazon Echo is wall-powered, and also has a mobile battery base. This also has a limited lifespan and then must be thrown away as waste. According to the Ay

]. "The narrow strip of soil around the plant's root teems with millions of microorganisms, making it one of the most complex ecosystems on earth. To determine whether the composition of this "root microbiome" triggers changes within the plant, postdoctoral fellow Dr. Elisa Korenblum and other members of a team headed by Prof. Asaph Aharoni of Weizmann's Plant and Environmental Sciences Department, created a hydroponic set-up in which they split the roots of tomato seedlings in two. In a series of experiments, the researchers placed one side of the split roots in vials, progressively diluting the soil suspensions several times. Each dilution altered the soil's microbial composition and reduced the diversity within the microbial community, so that the different suspensions ended up containing root microbiomes with high, medium and low diversity levels. The other side of the roots was submerged in a vial with a clean, soil-free solution. If the soil microbes communicate with the plant, one would expect to detect signs of their messages on both sides of the root system. That was exactly what the scientists found…. 'Our ultimate goal is to decipher the chemical language - one could call it 'Plantish' - used by plants and the soil to interact with one another,' Korenblum

"That said, there's another factor driving the reaction of Clinton's supporters, and the best way I can find to approach it is to consider one of the more thoughtful responses from that side of the political landscape, an incisive essay posted to Livejournal last week by someone who goes by the nom de Web "Ferrett Steinmetz." The essay's titled The Cold, Cold Math We'll Need to Survive the Next Twenty Years, and it comes so close to understanding what happened last Tuesday that the remaining gap offers an unsparing glimpse straight to the heart of the failure of the Left to make its case to the rest of the American people. At the heart of the essay are two indisputable points. The first is that the core constituencies of the Democratic Party are not large enough by themselves to decide who gets to be president. That's just as true of the Republican party, by the way, and with few exceptions it's true in every democratic society.  Each party large enough to matter has a set of core constituencies who can be counted on to vote for it under most circumstances, and then has to figure out how to appeal to enough people outside its own base to win elections. That's something that both parties in the US tend to forget from time to time, and when they do so, they lose. The second indisputable point is that if Democrats want to win an election in today's America, they have to find ways to reach out to people who don't share the values and interests of the Left. It's the way that Ferrett Steinmetz frames that second point, though, that shows why the Democratic Party failed to accomplish that necessary task this time. "We have to reach out to people who hate us," Steinmetz says, and admits that he has no idea at all how to do that. "

"What these examples have in common is that they illustrate two of the key tasks of the social sciences: to measure important social variables over time and space, and to identify the social mechanisms that lead to variation in these variables. There are large problems of methodology and conceptual clarification that need to be addressed in both parts of this agenda. On the side of measurement, we have the problems of arriving at consistent and revealing definitions of economic wellbeing, using incomplete historical sources to reconstruct estimates of prices and wages, and using a range of statistical methods to validate and interpret the results. And on the explanatory side, we are faced with the difficult task of reconstructing social processes and forces in the past that may have powered the changes we are able to document, and with the task of validating the hypotheses we have put forward on the basis of historical evidence."

The coronavirus crisis is creating a more competitive global environment, with confrontation growing faster than cooperation. As EU, we face rougher seas and risk getting caught in the cross-currents of major powers telling us to "pick a side".

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/00017d02-5f39-11ea-b0ab-339c2307bcd4?sharetype=blocked Public health officials and academics are concerned that a mix of high numbers of uninsured people, a lack of paid sick leave and a political class that has downplayed the threat could mean it spreads more quickly than in other countries.

Large-scale irrigation infrastructure projects are back on the development agenda in sub-Saharan Africa after a near 30-year hiatus, despite projects having had disappointing results, with social and environmental side effects outweighing benefits. Such projects are planned in response to water scarcity pressures and are seen as a solution to intensify agricultural production, support rural economic development and enhance resilience to climate change.

But on this side of the ride the network has a problem: it is now burdened with the 'extractive repulsor.' So unless the folks in charge of the platform can figure out a way to reduce the extraction at an exponential rate, even a small number of people leaving the network will quickly lead to a torrent.

"Spooky action at a distance," Einstein's summation of quantum physics, has been a criticism of quantum mechanics since the field emerged. So far, descriptions of entangled particles to explain their apparently faster-than-light responses, and even explanations for the phase shifts induced by an electromagnetic field in regions where it is zero-the "Aharonov-Bohm" effect-have mostly addressed these concerns. However, recent theoretical and experimental demonstrations of a "counterfactual" quantum communication protocol have proved difficult to explain in terms of physical cause and effect. In this kind of quantum communication, observers on either side of a "transmission channel" exchange information without any particle passing between them-spooky indeed.

The synthesis of structurally complex organic molecules is the first task in the discovery of functional compounds needed for new technologies, including those in medicine and flexible electronics. Starting with relatively simple, purchasable reactants, the process involves sequences of chemical reactions in which the complexity of the molecules produced gradually increases with each step towards the final target. The sequences can be linear, or convergent (different parts of the target molecule are made in separate sequences and then joined together). To ensure that large amounts of the final product are prepared, each synthetic step must be high-yielding and reproducible, and must generate few side products.

A survey of ESG influencers shows the elusive side of investor responsibility. What to do? When the Covid-19 crisis exploded in winter 2020, we spelled out four different scenarios for ESG in times of pandemic.

"What is Skin in the Game? The phrase is often mistaken for one-sided incentives: the promise of a bonus will make someone work harder for you. For the central attribute is symmetry: the balancing of incentives and disincentives, people should also penalized if something for which they are responsible goes wrong and hurts others: he or she who wants a share of the benefits needs to also share some of the risks."