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Bill Fulkerson

China's Great Boom as a Historical Process | IZA - Institute of Labor Economics - 0 views

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    Beginning in the late 1970s, China's economy delivered the largest growth spurt in recorded history. Striking discontinuity between recent outcomes and the economic experience of the prior 200 years invites portrayal of recent events as a "China miracle" that requires neither economic nor historical analysis. This overlooks deep institutional constraints arising from authoritarian rule and its supporting elite networks and fails to recognize the link between central government weakness and the origins of the recent boom. In both the pre-1949 treaty ports and in the aftermath of the Cultural Revolution, the retreat of central control enabled episodes of economic openness and dynamism built upon 'bottom up' initiative and decentralized innovation. Historic legacies that shape political structures and individual behavior will continue to influence China's economic trajectory.
Bill Fulkerson

What You Should Know About Megaprojects and Why: An Overview by Bent Flyvbjerg :: SSRN - 0 views

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    "his paper takes stock of megaproject management, an emerging and hugely costly field of study. First, it answers the question of how large megaprojects are by measuring them in the units mega, giga, and tera, concluding we are presently entering a new "tera era" of trillion-dollar projects. Second, total global megaproject spending is assessed, at USD 6-9 trillion annually, or 8 percent of total global GDP, which denotes the biggest investment boom in human history. Third, four "sublimes" - political, technological, economic, and aesthetic - are identified to explain the increased size and frequency of megaprojects. Fourth, the "iron law of megaprojects" is laid out and documented: Over budget, over time, over and over again. Moreover, the "break-fix model" of megaproject management is introduced as an explanation of the iron law. Fifth, Albert O. Hirschman's theory of the Hiding Hand is revisited and critiqued as unfounded and corrupting for megaproject thinking in both the academy and policy. Sixth, it is shown how megaprojects are systematically subject to "survival of the unfittest," explaining why the worst projects get built instead of the best. Finally, it is argued that the conventional way of managing megaprojects has reached a "tension point," where tradition is challenged and reform is emerging. "
Bill Fulkerson

Anatomy of an AI System - 1 views

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

The Booming Industry Emerging From Louisiana's Vanishing Coast | Fast Forward | OZY - 0 views

  • According to a 2016 study by the nonprofit Greater New Orleans, this fledgling water workforce will grow by more than 20 percent over the next 10 years, creating more than 13,600 snazzy new titles like conservation technician, civil engineer and environmental scientist that pay an average of $69,277, well above the national average salary. “Louisiana is one of the first to turn the issue of climate change from an environmental one to an existential and economic one … through the cutting-edge jobs of the future,” claims Greater New Orleans’ executive vice president and chief operating officer Robin Barnes. Which is the city’s way of putting up a NOW HIRING billboard.
  • Meanwhile, troubled coastal cities around the world are taking note, says Bren Haase, head of planning for the Coastal Protection and Restoration Authority. With a playbook in place, Louisiana already boasts a 50-year, $50 billion plan to rebuild the state’s coasts, one that’s grounded in decades of data and science; it’s also being translated into several languages, including Vietnamese, Spanish and French, for other countries to reference. Flush with billions of dollars from the settlement in the catastrophic BP oil spill, the Coastal Master Plan could hold key clues for other places facing a similar fate in the future, says Haase, including flood-risk areas like New York, London, Singapore and Kiribati. Moreover, Louisiana’s coastal restoration sector is fueling high-tech projects like artificial oyster reef creation, advanced hydrologic modeling and geosynthetics, which will help shore up the state’s defenses against behemoth hurricanes and oil spills.
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