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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

"he Army, Navy, Air Force and Marine Corps will also phase out their programs to train uniformed strategists and retire serving strategists, which will save billions of dollars, Mattis said. Meanwhile, civilian consultants will replace strategists across the Department of Defense. According to the contract, their key duties will include producing PowerPoint briefings with graphics that no one understands, writing white papers that will not be read by policymakers, faking expertise on countries they have never visited (primarily China and Russia), and repeatedly saying "whole of government," all at a much lower cost than what the Pentagon currently spends for similar duties."

"I will tell you without ceremony what the future actually holds for the inhabited terrain of North America. The big cities will have to contract severely and the process will be fraught and disorderly. The action will move to the small cities and small towns, especially the places that have a meaningful relationship with farming, food production, and the continent's inland waterways. The suburbs have three destinies, none of them mutually exclusive: slums, salvage, and ruins. The future has mandates of its own. If we want to remain civilized, we will be compelled to return to a landscape composed of relationships between town and country, at a scale that comports with the resource realities of the future. These days the failure of American imagination, especially at the university level, is epic."

In an open marketplace, such as a farmers' market where produce and other goods like candles and flowers are exchanged for money, the ideal prices for both consumers and sellers will quickly emerge. For example, if a seller tries to offer a bag of peaches for $10 but another vendor is willing to sell similar peaches for $5, the lower price will eventually win out and become the norm. This phenomenon, which is related to the law of supply and demand, was demonstrated experimentally starting in the 1960s by Caltech alumnus and Nobel Laureate Vernon Smith (BS '49), now at Chapman University, and later by Caltech's Charlie Plott, the William D. Hacker Professor of Economics and Political Science.

The article describes this dynamic, in which the rise of China plays a central role, and argues that the dynamic between state geoeconomic measures and corporate statecraft will define how far the global economy will depart from the current market orientation and how much it will be subject to national strategic choices.

"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)."

"How the 'emotional contagion' of memes makes them the internet's moral conscience By Allie Volpe Aug 27, 2018, 11:30am EDT Illustration by Alex Castro & Keegan Larwin SHARE Newly single, Jason Donahoe was perusing Tinder for the first time since it started integrating users' Instagram feeds. Suddenly, he had an idea: follow the Instagram accounts of some of the women he'd been interested in but didn't match with on the dating service. A few days later, he considered taking it a step further and direct messaging one of the women on Instagram. After all, the new interface of the dating app seemed to encourage users to explore other areas of potential matches' online lives, so why not take the initiative to reach out? Before he had a chance, however, he came across the profile of another woman whose Tinder photo spread featured a meme with Parks and Recreation character Jean-Ralphio Saperstein (Ben Schwartz) leaning into the face of Ben Wyatt (Adam Scott) with the caption: hey I saw you on Tinder but we didn't match so I found your Instagram you're so beautiful you don't need to wear all that makeup ahah I bet you get a lot of creepy dm's but I'm not like all those other guys message me back beautiful btw what's your snap "I was like, 'Oh shit, wow,'" Donahoe says. Seeing his potential jerk move laid out so plainly as a neatly generalized joke, he saw it in a new light. "I knew a) to be aware of that, and b) to cut that shit out … It prompted self-reflection on my part." THE MOST SUCCESSFUL MEMES STRIKE A CULTURAL CHORD AND CAN GUIDE AND EVEN INFLUENCE BEHAVIOR Donahoe says memes have resonated with him particularly when they depict a "worse, extreme version" of himself. For Donahoe, the most successful memes are more than just jokes. They "strike a societal, cultural chord" and can be a potent cocktail for self-reflection as tools that can guide and even influence behavior. In the months leading up to the 2016 US

"I'm going to teach a new course this fall, tentatively titled "Technology and Social Change". It's going to include an examination of the four levers of social change Larry Lessig suggests in Code and which I've been exploring as possible paths to civic engagement. It will include deep methodological dives into codesign, and into using anthropology as tool for understanding user needs. It will look at unintended consequences, cases where technology's best intentions fail, and cases where careful exploration and preparation led to technosocial systems that make users and communities more powerful than they were before."

Our findings don't show much rationale for substantial relaxation of social distancing, in the absence of other measures," Wagner said. "We don't have a lot of wiggle room." Additional steps such as contact tracing, increased testing or stricter quarantining could also have an impact, he added, as will the fact that the infection rate will inevitably drop as more people contract the virus, leaving fewer susceptible.