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Bill Fulkerson

Why do American CEOs get paid so much? | James K Galbraith | Opinion | The Guardian - 0 views

www.theguardian.com/...n-ceos-pay-dysfunction-finance

CEO pay

shared by Bill Fulkerson on 21 Aug 18 - No Cached
  • Bill Fulkerson on 21 Aug 18
     
    "new report from the Economic Policy Institute calls attention to the hardy perennial of how much America's corporate titans make: bosses of the top 350 firms made an average of $18.9m in 2017. That's a ratio of 312-1 over the median worker in their industries. Big bucks to be sure. And a big change since 1965, when the ratio was just 20-1. But what does it mean? And if there's a problem, what is it, exactly? What it means, as the EPI economists carefully document, is that the top US corporate chiefs are paid overwhelmingly with stock options, and their income fluctuates with the market. About 80% of the pay packet is in stocks, and the rise of 17% in 2017 after two flat years surely suggests that the top CEOs (not unreasonably) sensed the market peaked last year. So they cashed in. On the other 20% of the pay packets, no gains occurred"
Bill Fulkerson

Anatomy of an AI System - 1 views

anatomyof.ai

AI amazon

shared by Bill Fulkerson on 14 Sep 18 - No Cached
  • Bill Fulkerson on 14 Sep 18
     
    "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
Steve Bosserman

STARBUCKS CEO: We're going to hire 10,000 refugees - 0 views

finance.yahoo.com/...-10000-refugees-234034929.html

immigrants refugees employment opportunity

shared by Steve Bosserman on 02 Feb 17 - No Cached
  • He continued: “There are more than 65 million citizens of the world recognized as refugees by the United Nations, and we are developing plans to hire 10,000 of them over five years in the 75 countries around the world where Starbucks does business.
  • Steve Bosserman on 02 Feb 17
     
    Alternative: create in-country employment opportunities for people BEFORE they choose to emigrate or circumstances force them to become refugees.
Steve Bosserman

Bezos: A CEO Who Can Write - Monday Note - 0 views

mondaynote.com/ceo-who-can-write-2f368ee36599

business strategies business models amazon

shared by Steve Bosserman on 04 May 18 - No Cached
  • More than a few thoughts emerged from the exercise, but the one that stands out is that the customer, the ultimate arbiter of success, must be held in awe.
  • Most of the strategies and practices advocated by Amazon’s founder have broad applicability, but a central mystery remains: Bezos himself, his combination of early life experience, intellect, emotional abilities and communication skills. Being Bezos isn’t teachable.
Bill Fulkerson

Why a 400-Year Program of Modernist Thinking is Exploding | naked capitalism - 0 views

www.nakedcapitalism.com/...ernist-thinking-exploding.html

capitalism power society

shared by Bill Fulkerson on 11 Mar 17 - No Cached
  • Bill Fulkerson on 11 Mar 17
     
    " 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
Steve Bosserman

Want to Kill Your Economy? Have MBA Programs Churn out Takers Not Makers. - Evonomics - 0 views

evonomics.com/your-economy-have-mba-programs

economic corporations mba

shared by Steve Bosserman on 20 Nov 16 - No Cached
  • Why has business education failed business? Why has it fallen so much in love with finance and the ideas it espouses? It’s a problem with deep roots, which have been spreading for decades. It encompasses issues like the rise of neoliberal economic views as a challenge to the postwar threat of socialism. It’s about an academic inferiority complex that propelled business educators to try to emulate hard sciences like physics rather than take lessons from biology or the humanities. It dovetails with the growth of computing power that enabled complex financial modeling. The bottom line, though, is that far from empowering business, MBA education has fostered the sort of short-term, balance-sheet-oriented thinking that is threatening the economic competitiveness of the country as a whole. If you wonder why most businesses still think of shareholders as their main priority or treat skilled labor as a cost rather than an asset—or why 80 percent of CEOs surveyed in one study said they’d pass up making an investment that would fuel a decade’s worth of innovation if it meant they’d miss a quarter of earnings results— it’s because that’s exactly what they are being educated to do.
Steve Bosserman

Chatting robots and music: Fun gadgets on display - The Columbus Dispatch, 2017-02-28 - 0 views

digital.olivesoftware.com/...TranslateArticle.aspx

automation food production greenhouses localization

shared by Steve Bosserman on 28 Feb 17 - No Cached
  • JUST ADD WATERGrowing your own veggies may become possible even for urbanites with tiny studio apartments.Israeli startup Living Box offers a modular, unfoldable, solar-powered little greenhouse that you can use to harvest anything from tomatoes to tea and herbs.“We have a slow release water system for irrigation, with a novel liquid nutrient solution and bacteria to avoid the use of pesticides, as well as an app prototype updating weather conditions and other relevant data right to your smartphone, so you don’t have to monitor it,” explained Nitzan Solan, CEO of the company.The idea was to create a sustainable, affordable and simple mobile farming system that could be operated by anyone around the globe.As of now, Living Box is testing in 50 sites around Israel, the U.S. and Nigeria, and aims to try locations in Spain and Fiji. It is expected to carry a market price of $300.
Steve Bosserman

For better AI, diversify the people building it - 0 views

www.technologyreview.com/...versify-the-people-building-it

diversity artificial intelligence

shared by Steve Bosserman on 31 Mar 18 - No Cached
  • Lyons announced the Partnership on AI’s first three working groups, which are dedicated to fair, transparent, and accountable AI; safety-critical AI; and AI, labor, and the economy. Each group will have a for-profit and nonprofit chair and aim to share its results as widely as possible. Lyons says these groups will be like a “union of concerned scientists.” “A big part of this is on us to really achieve inclusivity,” she says. Tess Posner, the executive director of AI4ALL, a nonprofit that runs summer programs teaching AI to students from underrepresented groups, showed why training a diverse group for the next generation of AI workers is essential. Currently, only 13 percent of AI companies have female CEOs, and less than 3 percent of tenure-track engineering faculty in the US are black. Yet an inclusive workforce may have more ideas and can spot problems with systems before they happen, and diversity can improve the bottom line. Posner pointed out a recent Intel report saying diversity could add $500 billion to the US economy.
  • “It’s good for business,” she says. These weren’t the first presentations at EmTech Digital by women with ideas on fixing AI. On Monday, Microsoft researcher Timnit Gebru presented examples of bias in current AI systems, and earlier on Tuesday Fast.ai cofounder Rachel Thomas talked about her company’s free deep-learning course and its effort to diversify the overall AI workforce. Even with the current problems achieving diversity, there are more women and people of color that could be brou
  • ght into the workforce.
Steve Bosserman

Germany Cracks Productivity Puzzle as Others Lag | Fast Forward | OZY - 0 views

www.ozy.com/...90249

productivity germany

shared by Steve Bosserman on 01 Nov 18 - No Cached
  • “It’s clear that Germany has very distinct differences in its business structure and cultural makeup,” says Tony Danker, CEO of Be the Business, which campaigns to spread best practice on productivity to British companies. “There is real interest in continuous improvement and building business networks and institutions that focus on this. This spirit and activity feels eminently replicable even if the institutions are not.”
  • Indeed, a key difference between the U.K. and Germany lies in the training that workers receive. Although German managers are less likely to have higher educational qualifications, they have often received vocational training that builds workplace expertise. And despite the U.K. having more tertiary-educated managers than Germany, the Organization for Economic Cooperation and Development data show their actual skills, in literacy and data management, are lower.
Steve Bosserman

New houses in Puerto Rico designed to survive future storms - 0 views

www.fastcompany.com/...rto-rico-survive-future-storms

affordable housing off the grid puerto rico

shared by Steve Bosserman on 28 Nov 18 - No Cached
  • The design is “based on what we know is affordable housing in Puerto Rico for a single family,” says Hector Ralat, an architect based in the firm’s Puerto Rican office. “But the focus was to alter the DNA of that knowledge and to put in the essential components that someone would need to sustain living conditions for at least two weeks, which is the recommended time here for someone to receive aid after a disaster.” The houses will likely cost around $120,000, a number that lets homeowners access favorable interest rates on mortgages. The units can be stacked on top of each other; in Villalba, most of the community will be three stories high (the solar will serve the whole building).
  • “We just know our product is better than stick-built construction in these types of dangerous environments,” says Paul Galvin, chairman and CEO of SG Blocks, the parent company of SG Residential. “Heavy-gauge steel structures are just designed to a high tolerance for the effects of climate change.” The houses, most of which will have two bedrooms, will start at $90,000 to $130,000. It might be possible to build cheaper houses, Galvin says, but the company is “trying to deliver product that is quality-driven, in that it’s going to be built once and it’s not going to be destroyed every storm.” The company is also working with a bank to create a mortgage that is similar in monthly cost to a car payment. The design can incorporate solar panels.
  • HiveCube, another modular housing company, is also using shipping containers, and has targeted a much lower cost–the houses start at $39,000 for a two-bedroom home. “We believe that your safety should not be a matter of income, but a given when you are planning to buy a home for your family,” says María Velasco, cofounder of HiveCube. The homes are designed to be fully off the grid, with solar power and batteries, a rainwater collection system, and a gray and black water treatment system that uses plants and bacteria to treat wastewater instead of septic tanks.
Steve Bosserman

Will AI replace Humans? - FutureSin - Medium - 0 views

medium.com/...ai-replace-humans-42c19c114cb8

humans robotics artificial intelligence

shared by Steve Bosserman on 26 Apr 18 - No Cached
  • According to the World Economic Forum’s Future of Jobs report, some jobs will be wiped out, others will be in high demand, but all in all, around 5 million jobs will be lost. The real question is then, how many jobs will be made redundant in the 2020s? Many futurists including Google’s Chief Futurist believe this will necessitate a universal human stipend that could become globally ubiquitous as early as the 2030s.
  • AI will optimize many of our systems, but also create new jobs. We don’t know the rate at which it will do this. Research firm Gartner further confirms the hypothesis of AI creating more jobs than it replaces, by predicting that in 2020, AI will create 2.3 million new jobs while eliminating 1.8 million traditional jobs.
  • In an era where it’s being shown we can’t even regulate algorithms, how will we be able to regulate AI and robots that will progressively have a better capacity to self-learn, self-engineer, self-code and self-replicate? This first wave of robots are simply robots capable of performing repetitive tasks, but as human beings become less intelligent trapped in digital immersion, the rate at which robots learn how to learn will exponentially increase.How do humans stay relevant when Big Data enables AI to comb through contextual data as would a supercomputer? Data will no longer be the purvey of human beings, neither medical diagnosis and many other things. To say that AI “augments” human in this respect, is extremely naive and hopelessly optimistic. In many respects, AI completely replaces the need for human beings. This is what I term the automation economy.
  • ...3 more annotations...
  • If China, Russia and the U.S. are in a race for AI supremacy, the kind of manifestations of AI will be so significant, they could alter the entire future of human civilization.
  • THE EXPONENTIAL THREATFrom drones, to nanobots to 3D-printing, automation could lead to unparalleled changes to how we live and work. In spite of the increase in global GDP, most people’s quality of living is not likely to see the benefit as it will increasingly be funneled into the pockets of the 1%. Capitalism then, favors the development of an AI that’s fundamentally exploitative to the common global citizen.Just as we exchanged our personal data for convenience and the illusion of social connection online, we will barter convenience for a world a global police state where social credit systems and AI decide how much of a “human stipend” (basic income) we receive. Our poverty or the social privilege we are born into, may have a more obscure relationship to a global system where AI monitors every aspect of our lives.Eventually AI will itself be the CEOs, inventors, master engineers and creator of more efficient robots. That’s when we will know that AI has indeed replaced human beings. What will Google’s DeepMind be able to do with the full use of next-gen quantum computing and supercomputers?
  • Artificial Intelligence Will Replace HumansTo argue that AI and robots and 3D-printing and any other significant technology won’t impact and replace many human jobs, is incredibly irresponsible.That’s not to say humans won’t adapt, and even thrive in more creative, social and meaningful work!That AI replacing repetitive tasks is a good thing, can hardly be denied. But will it benefit all globally citizens equally? Will ethics, common sense and collective pragmatism and social inclusion prevail over profiteers?Will younger value systems such as decentralization and sustainable living thrive with the advances of artificial intelligence?Will human beings be able to find sufficient meaning in a life where many of them won’t have a designated occupation to fill their time?These are the question that futurists like me ponder, and you should too.
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