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Bill Fulkerson

Millennials Are Done with US Domination of World Affairs | naked capitalism - 0 views

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    "As readers know, I'm very dubious about assigning agency to generational cohorts like "Millennials," or "Boomers." Where, after all, are their offices on K Street? And if the Powers That Be need to find enough "Millennials" willing to help them continue their project of world domination, that they will do. However, it does seem that the the series of military debacles following the invasion of Iraq has dented our sense of American Exceptionalism, and has begun to shape public opinion - for the better, so far as I am concerned. A cautionary note would be "Millennial" support for globalization (which has, after all, brought us the iPhone, along with the figure of the selfie-taking backpacker). If I were a nimble 1%-er, I'd be perfectly happy to discard American Exceptionalism as an ideology, as long as I could control the global supply chain (and had a high-altitude, remote pied-a-terre from which to manage the free movement of my capital)."
Steve Bosserman

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

  • “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

Unintended consequences - Wikipedia - 0 views

  • Unintended consequences can be grouped into three types: Unexpected benefit: A positive unexpected benefit (also referred to as luck, serendipity or a windfall). Unexpected drawback: An unexpected detriment occurring in addition to the desired effect of the policy (e.g., while irrigation schemes provide people with water for agriculture, they can increase waterborne diseases that have devastating health effects, such as schistosomiasis). Perverse result: A perverse effect contrary to what was originally intended (when an intended solution makes a problem worse). This is sometimes referred to as 'backfire'.
  • Robert K. Merton listed five possible causes of unanticipated consequences in 1936:[13] Ignorance, making it impossible to anticipate everything, thereby leading to incomplete analysis Errors in analysis of the problem or following habits that worked in the past but may not apply to the current situation Immediate interests overriding long-term interests Basic values which may require or prohibit certain actions even if the long-term result might be unfavorable (these long-term consequences may eventually cause changes in basic values) Self-defeating prophecy, or, the fear of some consequence which drives people to find solutions before the problem occurs, thus the non-occurrence of the problem is not anticipated
Bill Fulkerson

Study of ancient rocks suggests oxygen depletion in oceans led to end-Triassic mass ext... - 0 views

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    A team of researchers from the U.K., China, and Italy has found evidence that suggests oxygen depletion in the world's oceans led to the end-Triassic mass extinction. In their paper published in the journal Science Advances, the group describes their study of ancient rocks found in multiple locations around the world.
Bill Fulkerson

Proteins Unfolded - 0 views

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    Artificial intelligence (AI) has solved one of biology's grand challenges: predicting how proteins curl up from a linear chain of amino acids into 3D shapes that allow them to carry out life's tasks. Today, leading structural biologists and organizers of a biennial protein folding competition announced the achievement by researchers at DeepMind, a U.K.-based AI company. They say the DeepMind method will have far-reaching effects, among them dramatically speeding the creation of new medications.
Bill Fulkerson

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

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    "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"
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