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thinkahol *

Neoclassical economists and the minimum wage « occasional links & commentary - 0 views

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    Nothing quite makes neoclassical economists go apoplectic than reading or hearing the argument that an increase in the minimum wage doesn't cause unemployment. Just ask David Card and Alan Krueger (here's one example, from Gary Becker).
thinkahol *

t r u t h o u t | Are Charter Schools Really Innovative? - 0 views

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    Official policy, not lack of educator imagination, not laziness, not union obstinacy, not anything else, is the main reason schools function very much as they did a century ago. Put the blame where it belongs. There are several reasons why most charters differ little or not at all from traditional public schools. Here are four:
thinkahol *

We can only cut debt by borrowing | Martin Wolf's Exchange | FT.com - 0 views

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    "You can't cut debt by borrowing." How often have you read or heard this comment from "austerians" (a nice variant on "Austrians"), who complain about the huge fiscal deficits that have followed the financial crisis? The obvious response is: so what?
thinkahol *

FORA.tv - Steven Johnson and Kevin Kelly at the NYPL - 0 views

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    In a world of rapidly accelerating change, from iPads to eBooks to genetic mapping to MagLev trains, we can't help but wonder if technology is our servant or our master, and whether it is taking us in a healthy direction as a society.* What forces drive the steady march of innovation?* How can we build environments in our schools, our businesses, and in our private lives that encourage the creation of new ideas--ideas that build on the new technology platforms in socially responsible ways?Kevin Kelly and Steven Johnson look at where technology is taking us. One of the co-founders of Wired Magazine, Kelly's new book, What Technology Wants, makes the argument that technology as a whole is not a jumble of wires and metal but a living, evolving organism that has its own unconscious needs and tendencies. Johnson's new book, Where Good Ideas Come From, explains why certain spaces, from 18th-century coffeehouses to the World Wide Web, have an uncanny talent for encouraging innovative thinking.
thinkahol *

Lies, Damned Lies, and Medical Science - Magazine - The Atlantic - 0 views

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    Much of what medical researchers conclude in their studies is misleading, exaggerated, or flat-out wrong. So why are doctors-to a striking extent-still drawing upon misinformation in their everyday practice? Dr. John Ioannidis has spent his career challenging his peers by exposing their bad science. 
thinkahol *

HHS Report Is a Wake-Up Call to Fix National Patient Safety Crisis - 0 views

  • That means that the annual death toll in this country caused by mistakes in hospitals is well over 250,000 deaths a year!
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    The IOM's 1999 landmark report, "To Err is Human," dropped the first bombshell, reporting that between 44,000 and 98,000 Americans die in hospitals each year from medical mistakes, costing an estimated $17 billion to $29 billion annually. HHS' new finding that medical mistakes kill 15,000 Medicare patients a month equates to 180,000 Medicare deaths per year - more than the IOM's estimate, which attempted to cover all patients in the United States. That means that the annual death toll in this country caused by mistakes in hospitals is well over 250,000 deaths a year! But perhaps the most startling finding by HHS is that a significant number of patients suffered injuries or died needlessly, as 44 percent of the medical errors were preventable.
thinkahol *

A Philosophical Orientation Toward Solving Our Collective Problems As a Species | Think... - 0 views

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    To know what the most important virtue of our age is we need to have at least a basic understanding of our age. Our era is becoming increasingly characterized by uncertainty. Fortunately or unfortunately, more than a cursory elucidation of our situation is beyond the scope of this essay. There are geopolitical, economic, technological and environmental trends worth mentioning. When the more philosophical portion of this  discourse arrives I will argue that the virtue of wisdom underlies the meaningfulness and efficacy of all other virtues, and this in broad strokes is primarily due to (1) the aforementioned instability in our surroundings ; (2) the relationship between the deontological and virtue; and (3) the nature of agency itself.  Whether uncertainty itself can provide an ethical foundation for us to elaborate on will be a separate question, and finally I speculate on where wisdom leads us in the context of a philosophy that is politically active and not doomed to irrelevance to and by the larger population.
thinkahol *

YouTube - Sam Harris SALT - 0 views

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    December 9th, 02005 - Sam Harris"The View From The End Of The World"This is an audio only presentation. This talk took place in the Conference Center Golden Gate Room, San Francisco. Quote: With gentle demeanor and tight argument, Sam Harris carried an overflow audience into the core of one of the crucial issues of our time: What makes some religions lethal? How do they employ aggressive irrationality to justify threatening and controlling non-believers as well as believers? What should be our response? Harris began with Christianity. In the US, Christians use irrational arguments about a soul in the 150 cells of a 3-day old human embryo to block stem cell research that might alleviate the suffering of millions. In Africa, Catholic doctrine uses tortured logic to actively discourage the use of condoms in countries ravaged by AIDS. "This is genocidal stupidity," Harris said. Faith trumps rational argument. Common-sense ethical intuition is blinded by religious metaphysics. In the US, 22% of the population are CERTAIN that Jesus is coming back in the next 50 years, and another 22% think that it's likely. The good news of Christ's return, though, can only occur following desperately bad news. Mushroom clouds would be welcomed. "End time thinking," Harris said, "is fundamentally hostile to creating a sustainable future." Harris was particularly critical of religious moderates who give cover to the fundamentalists by not challenging them. The moderates say that all is justified because religion gives people meaning in their life. "But what would they say to a guy who believes there's a diamond the size of a refrigerator buried in his backyard? The guy digs out there every Sunday with his family, cherishing the meaningthe quest gives them." "I've read the books," Harris said. "God is not a moderate." The Bible gives strict instructions to kill various kinds of sinners, and their relatives, and on occasion their entire towns. Yet slavery is challenged nowhere in the New or
thinkahol *

Chris Hedges: Even Lost Wars Make Corporations Rich - Chris Hedges' Columns - Truthdig - 0 views

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    Power does not rest with the electorate. It does not reside with either of the two major political parties. It is not represented by the press. It is not arbitrated by a judiciary that protects us from predators. Power rests with corporations. And corporations gain very lucrative profits from war, even wars we have no chance of winning. All polite appeals to the formal systems of power will not end the wars in Iraq and Afghanistan. We must physically obstruct the war machine or accept a role as its accomplice. 
thinkahol *

Boston Review - Omer Rosen: Legerdemath - 0 views

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    In the spring of 2000, I began a three-year stint on Citigroup's corporate-derivatives team. I was just months past my twentieth birthday, with no work experience to speak of, in a world beyond my imagination. As my boss summed me up after a day of interviews, I was "fucking unpolished." The credit-derivatives group, then just three or four people I sat next to, soon spawned an ever-expanding team managing ever-more complex creations: credit-default swaps, collateralized debt obligations, and the myriad other structures built with black boxes and shrouded by acronyms. Meanwhile, my group continued to peddle mostly the forbears of these recent menaces, the more mundane interest-rate swaps and Treasury-rate locks. The newer derivatives, though hardly identical to their predecessors, nonetheless evolved in similar environments, were likewise designed to manipulate risk, and were also customized on a trade-by-trade basis. Our clients were non-financial corporations, the Deltas and Verizons of the world, which relied on us for advice and education. Our directive was "to help companies decrease and manage their risks." Often we did just that. And often we advised clients to execute trades solely because they presented opportunities for us to profit. In either case, whenever possible we used our superior knowledge to manipulate the pricing of the trade in our favor.
thinkahol *

What Egypt Can Teach America - NYTimes.com - 0 views

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    The truth is that the United States has been behind the curve not only in Tunisia and Egypt for the last few weeks, but in the entire Middle East for decades. We supported corrupt autocrats as long as they kept oil flowing and weren't too aggressive toward Israel. Even in the last month, we sometimes seemed as out of touch with the region's youth as a Ben Ali or a Mubarak. Recognizing that crafting foreign policy is 1,000 times harder than it looks, let me suggest four lessons to draw from our mistakes:
thinkahol *

Chris Hedges: This Time We're Taking the Whole Planet With Us - Chris Hedges' Columns -... - 0 views

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    Civilizations rise, decay and die. Time, as the ancient Greeks argued, for individuals and for states is cyclical. As societies become more complex they become inevitably more precarious. They become increasingly vulnerable. And as they begin to break down there is a strange retreat by a terrified and confused population from reality, an inability to acknowledge the self-evident fragility and impending collapse. The elites at the end speak in phrases and jargon that do not correlate to reality. They retreat into isolated compounds, whether at the court at Versailles, the Forbidden City or modern palatial estates. The elites indulge in unchecked hedonism, the accumulation of vaster wealth and extravagant consumption. They are deaf to the suffering of the masses who are repressed with greater and greater ferocity. Resources are more ruthlessly depleted until they are exhausted. And then the hollowed-out edifice collapses. The Roman and Sumerian empires fell this way. The Mayan elites, after clearing their forests and polluting their streams with silt and acids, retreated backward into primitivism. As food and water shortages expand across the globe, as mounting poverty and misery trigger street protests in the Middle East, Africa and Europe, the elites do what all elites do. They launch more wars, build grander monuments to themselves, plunge their nations deeper into debt, and as it all unravels they take it out on the backs of workers and the poor. The collapse of the global economy, which wiped out a staggering $40 trillion in wealth, was caused when our elites, after destroying our manufacturing base, sold massive quantities of fraudulent mortgage-backed securities to pension funds, small investors, banks, universities, state and foreign governments and shareholders. The elites, to cover the losses, then looted the public treasury to begin the speculation over again. They also, in the name of austerity, began dismantling basic social services, set out to break th
thinkahol *

Record profits and record unemployment: Nothing's trickling down - CSMonitor.com - 0 views

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    The Big Money economy is booming. According to a new Commerce Department report, third-quarter profits of American businesses rose at an annual record-breaking $1.659 trillion - besting even the boom year of 2006 (in nominal dollars). Profits have soared for seven consecutive quarters now, matching or beating their fastest pace in history. Executive pay is linked to profits, so top pay is soaring as well. Higher profits are also translating into the nice gains in the stock market, which is a boon to everyone with lots of financial assets. And Wall Street is back. Bonuses on the Street are expected to rise about 5 percent this year, according to a survey by compensation consultants Johnson Associates Inc. But nothing is trickling down to the Average Worker economy. Job growth is still anemic. At October's rate of only 50,000 new private-sector jobs, unemployment won't get down to pre-recession levels for twenty years. And almost half of October's new jobs were in temporary help.
thinkahol *

American Democracy Beyond Casino Capitalism and the Torture State | Truthout - 0 views

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    With all due respect to Charles Dickens, it appears to be the worst of times for public and higher education in America, if not democracy itself; public schools are increasingly viewed as a business and are prized above all for customer satisfaction and efficiency, while largely judged through the narrow lens of empirical accountability measures. When not functioning as an adjunct of corporate value or a potentially lucrative for-profit investment, public schools are reduced to containment centers, holding institutions designed to largely punish young people marginalized by race and class.
thinkahol *

Derren Brown: Miracles for Sale | Watch Free Documentary Online - 0 views

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    With the cameras in hot pursuit, Derren faces his toughest project yet, going in search of an unsuspecting member of the British public prepared to adopt the guise of a pastor and miracle worker.His chosen one then has six months to learn the trade and flourish across the pond as a convincing pastor.The final phase of the volunteer's extraordinary challenge sees them attempt to perform faith healing miracles live in Texas, but will Derren's new recruit be accepted as a faith healer or cast away as fake healer?
thinkahol *

Can we learn the real lesson of Bin Laden's death? : Johann Hari - 0 views

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    Scramble the film backwards. Rewind. Go back to the day 10 years ago when the air here in Manhattan was thick with ash and Osama bin Laden was gloating. There were two options for the United States government -- to pick up a scalpel, or to pick up a blowtorch. With the scalpel, you go after the fundamentalist murderers responsible with patient policing and intelligence work, and steadily drain them of their support. With the blowtorch, you invade a slew of countries with a great blunderbuss of slaughter and torture -- and swell the army of enraged jihadis determined to kill. History branched in two possible directions that day.
thinkahol *

Can Psychedelics Make You Happier? | Drugs | AlterNet - 0 views

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    Research suggests that psychedelics may be better than antidepressants, which tend to dampen or suppress psychological problems without necessarily curing them.
thinkahol *

Startling revelations from a Swiss banking insider | Dailycensored.com - 0 views

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    (interview with a Swiss banker  done in Mosсow 30.05.2011)  Q: Can you tell us something about your involvement in the Swiss banking business?A: I have worked for Swiss banks for many years. I was designated as one of the top directors of one of the biggest Swiss banks. During my work I was involved in the payment, in the direct payment in cash to a person who killed the president of a foreign country. I was in the meeting where it was decided to give this cash money to the killer. This gave me dramatic headaches and troubled my conscience. It was not the only case that was really bad but it was the worst. It was a payment instruction on order of a foreign secret service written by hand giving the order to pay a certain amount to a person who killed the top leader of a foreign country. And it was not the only case. We received several such hand written letters coming from foreign secret services giving the order to payout cash from secret accounts to fund revolutions or for the killing of people. I can confirm what John Perkins has written in his book "Confessions of an Economic Hit Man". There really exists just a system and Swiss banks are involved in such cases.
thinkahol *

Speech on media propaganda - Glenn Greenwald - Salon.com - 0 views

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    The 30-minute speech I gave last month at the Symphony Space in New York is now available on video, and is posted below in three YouTube segments (the first segment also contains the 4-minute introduction of my speech). The speech pertains to the evolution of my views on media criticism, the nature of media propaganda and what drives it, and what can be done to combat it. A DVD of the entire event -- featuring the three other speeches: from Amy Goodman, Noam Chomsky and Michael Moore -- is available at FAIR's website. I want to note one example, from today, that vividly illustrates many of the themes I discussed in that speech.  It is found in the following passage from this Reuters article on Obama's escalation of the covert war in Yemen and his targeting of U.S. citizen Anwar Awlaki for assassination: A U.S. official confirmed to Reuters that a U.S. strike last Friday killed Abu Ali al-Harithi, a midlevel al Qaeda operative, which followed last month's attempted strike against Anwar al-Awlaki, the leader of al Qaeda in the Arabian Peninsula. Whether Awlaki has any operational role in Al Qaeda at all is a matter of intense controversy.  The U.S. Government has repeatedly asserted that he does, but has presented no verifiable evidence to support that accusation.  But what is not in dispute is the notion that Awlaki is "the leader of al Qaeda in the Arabian Peninsula."  He unquestionably is not, and never has been, as multiple Yemen experts have repeatedly noted.  The Reuters claim is factually and entirely false. Whatever one's views are on Obama's assassination program, targeting U.S. citizens without due process obviously raises extraordinary and vitally important questions.  As The New York Times' Scott Shane put it when confirming Awlaki's inclusion on Obama's hit list: "The Obama administration has taken the extraordinary step of authorizing the targeted killing of an American citizen. . . . It is extremely rare, if not unprecedented, for an America
thinkahol *

Chris Hedges: No Justice in Kafka's America - Chris Hedges' Columns - Truthdig - 0 views

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    We no longer have freedom; there is only the appearance of freedom. We are consumed by an endless and vague war on terror in which the perfidiousness of our enemy, whose number, location and nature are never clearly defined, justifies the shredding of constitutional rights, torture, kidnapping, detentions without charges or trials and an occult-like battle against an absolute evil. And if you think the state intends to limit itself to the persecution of Muslims, especially once there is an increase in domestic unrest and instability, you know little about human history.
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