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Bill Fulkerson

Brace for the Blue Shift - The Atlantic - 0 views

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    This sort of late-breaking Democratic vote is the new, though still underappreciated, normal in national elections. Americans have become accustomed to knowing who won our elections promptly, but there are many legitimate votes that are not counted immediately every election year. For reasons that are not totally understood by election observers, these votes tend to be heavily Democratic, leading results to tilt toward Democrats as more of them are counted, in what has become known as the "blue shift." In most cases, the blue shift is relatively inconsequential, changing final vote counts but not results. But in others, as in 2018, it can materially change the outcome.
Steve Bosserman

AI and automation are about to implode blue collar jobs - 0 views

  • Lots of high-minded technological thinkers, particularly Elon Musk, have proposed a universal basic income, a form of wealth distribution that ensures every citizen receives a baseline income whether or not they are employed, as a likely solution to the problem of workforce automation. But the White House report takes a more somber approach, describing a basic income as “giving up on the possibility of workers’ remaining employed.” Instead, the report suggests a number of policy proposals (like Obama’s national free community college initiative, and expanded unemployment benefits) as ways of actively facilitating the transition into a more AI driven economy.
Bill Fulkerson

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

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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
Steve Bosserman

Roaches Taste Like Blue Cheese, and Other Bugsgiving Revelations - Gastro Obscura - 0 views

  • In “Edible insects: Future prospects for food and feed security,” a 200-page report published in 2013, the UN’s Food and Agriculture Organization (FAO) noted that “Western societies require tailored media communication strategies and educational programmes that address the disgust factor” of eating insects. Bug banquets such as Bugsgiving offer one such educational opportunity. Yoon, who considers himself an “Edible Insect Ambassador,” focused on creating a family-style menu of dishes. “Instead of just serving crickets in a bowl or a chip, I want to serve black ants and shrimp, composed dishes—cricket gougères,” he says. “Things that represent a dish that [will make people] go, ‘Oh, that looks like food to me.’” Research cited by the UN proves that this strategy works: “Years of experimental experience in the Netherlands and the United States have confirmed the effectiveness of bug banquets in overcoming the disgust factor,” reads the 2013 FAO report.
Steve Bosserman

Are You Creditworthy? The Algorithm Will Decide. - 0 views

  • The decisions made by algorithmic credit scoring applications are not only said to be more accurate in predicting risk than traditional scoring methods; its champions argue they are also fairer because the algorithm is unswayed by the racial, gender, and socioeconomic biases that have skewed access to credit in the past.
  • Algorithmic credit scores might seem futuristic, but these practices do have roots in credit scoring practices of yore. Early credit agencies, for example, hired human reporters to dig into their customers’ credit histories. The reports were largely compiled from local gossip and colored by the speculations of the predominantly white, male middle class reporters. Remarks about race and class, asides about housekeeping, and speculations about sexual orientation all abounded.
  • By 1935, whole neighborhoods in the U.S. were classified according to their credit characteristics. A map from that year of Greater Atlanta comes color-coded in shades of blue (desirable), yellow (definitely declining) and red (hazardous). The legend recalls a time when an individual’s chances of receiving a mortgage were shaped by their geographic status.
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  • These systems are fast becoming the norm. The Chinese Government is now close to launching its own algorithmic “Social Credit System” for its 1.4 billion citizens, a metric that uses online data to rate trustworthiness. As these systems become pervasive, and scores come to stand for individual worth, determining access to finance, services, and basic freedoms, the stakes of one bad decision are that much higher. This is to say nothing of the legitimacy of using such algorithmic proxies in the first place. While it might seem obvious to call for greater transparency in these systems, with machine learning and massive datasets it’s extremely difficult to locate bias. Even if we could peer inside the black box, we probably wouldn’t find a clause in the code instructing the system to discriminate against the poor, or people of color, or even people who play too many video games. More important than understanding how these scores get calculated is giving users meaningful opportunities to dispute and contest adverse decisions that are made about them by the algorithm.
Bill Fulkerson

blue tiger - 0 views

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    The simple insight that most changes are random had a profound effect on genetics, evolution and ecology.
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