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Success would be a needed boost for the struggling conglomerate, which is in the middle of restructuring and said last week it would overhaul its board. GE is seeking access to a market that Navigant Research predicts will generate tens of billions of dollars in revenue in the next decade or so.

Prices of lithium-ion batteries have dropped sharply in recent years, as they have become ubiquitous in products such as laptops and smartphones, improving the economies of scale of manufacturing. That is start

GE is hoping to change that with the Reservoir platform. GE says the Reservoir battery can last about 15% longer than the best batteries currently on the market and can be installed quicker.

Striking the right balance between markets and government is the central issue in policy debates over economic developmen

What is the role of governments in promoting economic growth?

What can governments do to seize the opportunities of globalization, while minimizing its downsides?

we have to recognize that the tension between markets and government is not new. In fact, it has been the central issue in the evolution of political economy over the last 200 years.

There have been three distinct phases in this evolution.

Phase One: The rise of the market

The “rise of the market” began in the late 18th century, shaped by the writings of Adam Smith and David Ricardo. The “invisible hand” of the market guided supply and demand toward equilibrium and efficiency.

This phase came to an end in the 1930s, when the concept of self-correcting markets collapsed under the weight of the Great Depression.

Falling prices, instead of bringing demand and supply into equilibrium,

Phase Two: The rise of government

markets were inherently unstable. Left on their own, they may not always self-correct

Government intervention was necessary to boost aggregate demand during periods of high unemployment.

The 1940s also saw the advent of the welfare state.

The welfare state was enabled through redistributive taxation and government regulation.

Phase Three: The return of the market

This phase began with growing disenchantment with government’s ability to deliver and was driven forward mainly by U.S.-based economists

The stagflation of the 1970s — persistently high inflation and unemployment — called into question the ability of governments to fine-tune the economy. Meanwhile, the welfare state began to impose an unsustainable fiscal burden,

Friedrich Hayek and Milton Friedman led the charge against “Big Government.” They argued eloquently how an overreaching government dulled the fundamental human instincts that power the capitalist system:

In the 1980s, U.S. President Ronald Reagan and UK Prime Minister Margaret Thatcher reduced taxes, deregulated industries, privatized state-owned enterprises, curbed union power, and scaled back welfare programs. The global economy boomed.

Phase Four: Balancing markets and governments

The financial crisis has revealed significant imperfections in market mechanisms: information asymmetry, moral hazard, systemic risks and behavioral or nonrational motivators of choice.

In a more globalized and complex economy, governments have fewer levers to pull

It has also revealed the inherent limitations of governmen

Neither market fundamentalism nor central planning has worked.

Yet one thing is certain: The choice is not between big government and small government. It is about creating effective government. What matters is what governments do, not how big they are.

Although Congress is now debating new Federal privacy legislation, I’m not optimistic that policymakers will be able to craft a law that will address these issues in a meaningful way — if they can create any law at all. There are too many stakeholders involved in the debate, each protecting their own economic self interest and competitive advantage in the marketplace

We need to engage more, make better informed decisions, use privacy settings and tools, and hold companies accountable when they misuse our data and violate our trust

As we debate privacy, we also shouldn’t forget that all of this new tech produces enormous benefits for our society - from curing diseases to easing traffic and reducing pollution

Avoid public transportation when possible, limit nonessential travel, work from home and skip social gatherings. Don’t go to crowded restaurants or busy gyms. You can go outside, as long as you avoid being in close contact with people.

If you develop a high fever, shortness of breath or another, more serious symptom, call your doctor. (Testing for coronavirus is still inconsistent — there are not enough kits, and it’s dangerous to go into a doctor’s office and risk infecting others.) Then, check the Centers for Disease Control and Prevention website and your local health department for advice about how and where to be tested.

Wash your hands, wash your hands, wash your hands. That splash-under-water flick won’t cut it anymore.

Also, clean “high-touch” surfaces, like phones, tablets and handles. Apple recommends using 70 percent isopropyl alcohol, wiping gently. “Don’t use bleach,” the company said.

To disinfect any surface, the C.D.C. recommends wearing disposable gloves and washing hands thoroughly immediately after removing the gloves. Most household disinfectants registered by the Environmental Protection Agency will work.

There’s a lot of information flying around, and knowing what is going on will go a long way toward protecting your family.

Right now, there’s no reason for parents to worry, the experts say; coronavirus cases in children have been very rare. The flu vaccine is a must, as vaccinating children is good protection for older people. And take the same precautions you would during a normal flu season: Encourage frequent hand-washing, move away from people who appear sick and get the flu shot.

Unless you are already infected, face masks won’t helpFace masks have become a symbol of coronavirus, but stockpiling them might do more harm than good. First, they don’t do much to protect you. Most surgical masks are too loose to prevent inhalation of the virus. (Masks can help prevent the spread of a virus if you are infected. The most effective are the so-called N95 masks, which block 95 percent of very small particles.)Second, health care workers and those caring for sick people are on the front lines. Last month, the surgeon general urged the public to stop stockpiling masks, warning that it might limit the amount of resources available to doctors, nurses and emergency professionals.

Stock up on a 30-day supply of groceries, household supplies and prescriptions, just in case.That doesn’t mean you’ll need to eat only beans and ramen. Here are tips to stock a pantry with shelf-stable and tasty foods

No. The first testing in humans of an experimental vaccine began in mid-March. Such rapid development of a potential vaccine is unprecedented, but even if it is proved safe and effective, it probably will not be available for 12 to18 months.

If you’re sick and you think you’ve been exposed to the new coronavirus, the C.D.C. recommends that you call your healthcare provider and explain your symptoms and fears. They will decide if you need to be tested. Keep in mind that there’s a chance — because of a lack of testing kits or because you’re asymptomatic, for instance — you won’t be able to get tested.

That’s not a good idea. Even if you’re retired, having a balanced portfolio of stocks and bonds so that your money keeps up with inflation, or even grows, makes sense. But retirees may want to think about having enough cash set aside for a year’s worth of living expenses and big payments needed over the next five years.

Developed countries were worried that cutting emissions would affect competitiveness and jobs, while less developed countries "see carbon intensive activity as a way of raising living standards.""It is a global problem but no global solution is in sight," the report added.

He said if the bank's own researchers were "saying the very future of the human race is at stake" then the bank itself should change its direction."It's good they [the researchers] are telling the truth more - it's not good they [the bank] remain a strong funder of fossil fuels," he said."Everyone has to have responsibility for change, whether they are asset managers, or institutional investors, or chief executives, or shareholders," he added.

Talking about a timeframe he added: "We are a bit concerned about putting a date on it as yet because some of the technologies are still evolving. We will get there, the only question is how quickly we can get there.''

Other animals that experienced mass die-offs include sea lions, tufted puffins, and baleen whales. But none of them compared to the murres in scale.

The murres likely starved to death because the Blob caused more competition for fewer small prey. The warming increased the metabolism of predatory fish like salmon, cod, and halibut -- meaning they were eating more than usual. These fish eat the same small fish as the murres, and there simply wasn't enough to go around.

During the 2015 breeding season, three colonies didn't produce a single chick. That number went up to 12 colonies in the 2016 season -- and in reality it could be even higher, since researchers only monitor a quarter of all colonies.

It's especially rare to see a patch of warm ocean water over such a large area, but scientists say global climate change is making these phenomena more common. From 1982 to 2016, there was an 82% rise in the number of heat wave days on the global ocean surface, according to a 2018 study. That's because heat waves are increasing in both frequency and duration, with the highest level of maritime heat wave activity occurring in the North Atlantic

The blog post was notable for its dispassionate tone, as the young engineer who had left the company after a year walked the reader through everything that had gone very, very wrong in the brozilla culture of kegs, sexual coarseness and snaky competition.

Ms. Fowler took screen shots and reported the manager to human resources, thinking, “They’ll do the right thing.”

But they didn’t, explaining that the manager was “a high performer” and it was his first offense, something Ms. Fowler later discovered to be untrue.

“I didn’t really care if they branded me a troublemaker,” she says

In her memo, she says, “I knew I had to be super-careful about how I said it if I wanted anybody to take it seriously.

So I was disappointed in her because I expected her to be an advocate,”

"The United States has seen its relative share of global S&T [science and technology] activity flatten or shrink, even as its absolute activity levels kept rising," the authors wrote in the report. "As more countries around the world develop R&D and human capital infrastructure to sustain and compete in a knowledge-oriented economy, the United States is playing a less dominant role in many areas of S&E [science and engineering] activity."

"Research is now a truly global enterprise. Opportunities are everywhere and humanity's collective knowledge is growing exponentially," Souvaine said. "To remain a leader, we need to tap into our American 'can do' spirit and recommit to strong partnerships among government, universities and industry that have been the hallmarks of our success. I believe we should react with excitement, not fear, because we are well positioned to compete, collaborate and thrive."

Shortly after the labels were applied, Trump took to Twitter to claim the company "is interfering in the 2020 Presidential Election" and "stifling FREE SPEECH." He added that he "will not allow it to happen!"

"The Radical Left is in total command & control of Facebook, Instagram, Twitter and Google," and promised, without specifics, that his administration would "remedy this illegal situation."

Meanwhile, major tech industry players remain under federal and state antitrust investigation. But antitrust probes tend to be highly technical and are usually limited to the impact of corporate conduct on competition in the marketplace.

your estimation was not proven to be correct because the price fell as there were more people who were willing to sell than to buy.

It is wrong to blame yourself for something which you were not capable of knowing at the time of making decisions.

Competitive Atmosphere

We win or lose not only on the basis of  how good or bad we performed but also how good or bad our competitors performed.

t is futile to blame yourself or the organization in case your expectations are not fulfilled.

Compatibility Issues

Hasty Decisions

We often take decisions based on impulse rather than careful analysis of the pros and cons of taking decisions. 

you may have to repent in leisure.

You can avoid much failure if you decide after due analysis and due consideration.

Choosing Soft Options

There is no inherent reason why medicines should taste horrible — but effective ones usually do. Similarly, there is no inherent reason why decisions should be distasteful — but most effective ones are.” 

you are sure to pay the price later for buying immediate peace.

Instead, it is their contribution to the spread of misinformation, hate speech and conspiracy theories.

digital platforms, since the marginal cost of serving additional consumers is essentially zero. Because the initial costs of producing a platform’s content are substantial, and because any company’s first goal is to remain solvent, it cannot just give stuff away. Even so, when price exceeds marginal cost, competition relentlessly pressures rival publishers to cut prices — eventually all the way to zero. This, in a nutshell, is the publisher’s dilemma in the digital age.

These firms make money not by charging for access to content but by displaying it with finely targeted ads based on the specific types of things people have already chosen to view. If the conscious intent were to undermine social and political stability, this business model could hardly be a more effective weapon.

The algorithms that choose individual-specific content are crafted to maximize the time people spend on a platform

As the developers concede, Facebook’s algorithms are addictive by design and exploit negative emotional triggers. Platform addiction drives earnings, and hate speech, lies and conspiracy theories reliably boost addiction.

the subscription model isn’t fully efficient: Any positive fee would inevitably exclude at least some who would value access but not enough to pay the fee

a conservative think tank, says, for example, that government has no business second-guessing people’s judgments about what to post or read on social media.

That position would be easier to defend in a world where individual choices had no adverse impact on others. But negative spillover effects are in fact quite common

individual and collective incentives about what to post or read on social media often diverge sharply.

There is simply no presumption that what spreads on these platforms best serves even the individual’s own narrow interests, much less those of society as a whole.

a simpler step may hold greater promise: Platforms could be required to abandon that model in favor of one relying on subscriptions, whereby members gain access to content in return for a modest recurring fee.

Major newspapers have done well under this model, which is also making inroads in book publishing. The subscription model greatly weakens the incentive to offer algorithmically driven addictive content provided by individuals, editorial boards or other sources.

Careful studies have shown that Facebook’s algorithms have increased political polarization significantly

More worrisome, those excluded would come disproportionately from low-income groups. Such objections might be addressed specifically — perhaps with a modest tax credit to offset subscription fees — or in a more general way, by making the social safety net more generous.

Adam Smith, the 18th-century Scottish philosopher widely considered the father of economics, is celebrated for his “invisible hand” theory, which describes conditions under which market incentives promote socially benign outcomes. Many of his most ardent admirers may view steps to constrain the behavior of social media platforms as regulatory overreach.

But Smith’s remarkable insight was actually more nuanced: Market forces often promote society’s welfare, but not always. Indeed, as he saw clearly, individual interests are often squarely at odds with collective aspirations, and in many such instances it is in society’s interest to intervene. The current information crisis is a case in point.

It is telling, however, that the letter’s critics focus on speakers and what they deserve to say far more than the listening public and what we deserve to hear

In Free Speech and Its Relation to Self-Government (1948), Meikeljohn challenges us to approach public discourse from the perspective of the “good man”: that is to say, the virtuous citizen

One cannot appreciate the freedom of speech, he writes, unless one sees it as an act of collective deliberation, carried out by “a man who, in his political activities, is not merely fighting for what…he can get, but is eagerly and generously serving the common welfare”

Free speech is not only about discovering truth, or encouraging ethical individualism, or protecting minority opinions—liberals’ usual lines of defense—it is ultimately about binding our fate to others’ by “sharing” the truth with our fellow citizens

Sharing truth requires mutual respect and a jealous defense of intellectual freedom, so that “no idea, no opinion, no doubt, no belief, no counter belief, no relevant information” is withheld from the electorate

For their part, voters must judge these arguments individually, through introspection, virtue, and meditation on the common good. 

The “marketplace of ideas” is dangerous because it relieves citizens of exactly these duties. As Meikeljohn writes:   As separate thinkers, we have no obligation to test our thinking, to make sure that it is worthy of a citizen who is one of the ‘rulers of the nation.’ That testing is to be done, we believe, not by us, but by ‘the competition of the market.

this is precisely the sort of self-interested posturing that many on the Left resent in their opponents, but which they now propose to embrace as their own, casually accepting the notion that their fellow citizens are incapable of exercising public reason or considering alternative viewpoints with honesty, bravery, humility, and compassion. 

In practice, curtailing public speech is likely to worsen polarization and further empower dominant cultural interests. As an ideal (or a lack thereof), it undermines the intelligibility and mutual respect that form the very basis of citizenship.

political polarization has induced Americans to abandon “truth-directed methods of persuasion”—such as argumentation and evidence—for a form of non-rational “messaging,” in which “every speech act is classified as friend or foe… and in which very little faith exists as to the rational faculties of those being spoken to.”

“In such a context,” she writes, “even the cry for ‘free speech’ invites a nonliteral interpretation, as being nothing but the most efficient way for its advocates to acquire or consolidate power.”

Segments of the Right have pushed this sort of political messaging to its cynical extremes—taking Donald Trump’s statements “seriously but not literally” or taking antagonistic positions simply to “own the libs.”

Rather than assuming the supremacy of our own opinions or aspersing the motives of those with whom we disagree, our duty as Americans is to think with, learn from, and correct each other.

some critics of the Harper’s letter seem eager to reduce all public debate to a form of power politics

Trans activist Julia Serano merely punctuates the tendency when she writes that calls for free speech represent a “misconception that we, as a society, are all in the midst of some grand rational debate, and that marginalized people simply need to properly plea our case for acceptance, and once we do, reason-minded people everywhere will eventually come around. This notion is utterly ludicrous.”

one could say that critics of the Harper’s letter take the “bad man” as their unit of analysis. By their lights, all participants in public debate are prejudiced, particular, and self-interested

Our sense of a spoken presentation is less formal, more personal, looser. But more formal oratory has its uses.

I also think, as I read a book about 19th-century England, of the way parliamentarians used to communicate. The men regularly made their points to their colleagues in speeches that could run far beyond what anyone could write out and memorize word for word

Black people of letters, such as W.E.B. Du Bois and Maya Angelou, engaged in oratory contests when they were young, competing for prizes according to how gracefully and how convincingly they made a case for some proposition. The tradition of such contests continues in the Black community.

When I have given oral presentations, I reach people more directly than if I’d written everything down for them to read. When people can see your face and hear the melody of your voice, your point gets across more vividly. Language evolved, after all, for face-to-face contact, not rendered as glyphs on paper.

The question is why oratory of this kind is so much less central to the culture than it once was.

Imagine a square divided into four smaller ones. The top left square is casual speech; the top right square is formal speech. The bottom left square is casual writing; the bottom right square is formal writing. We have, as it were, an empty square in our grid.

what about that upper right square, formal speech?

When we communicate formally, we moderns think first of getting language down on a page in written form, perhaps out of a sense that this is how to deck language out in its Sunday best.

Perhaps it seems that to organize our thoughts properly beyond the level of “Want mustard with that?” we need to tie them down with the yoke of writing.

But the ancients didn’t think so. Even with a fully developed writing culture, the Greeks and Romans valued the ability to stand and pose and pace in front of an audience and make their point through speaking it — and formally, not colloquially

I imagine a different universe in which academics would be expected to present most of their ideas in solid PowerPoint versions, narrated in formal language, getting across the amount of information a person can actually absorb in 20 to 30 minutes.

I wish students had the choice of either writing essays or speaking them. We would train them in the ability to speak carefully and coherently with the same goal of making a point that we require in writing.

A lot of people really hate writing. It’s an unnatural activity, as humanity goes.

If we imagine that speech has existed for 24 hours, then according to all modern estimates, writing came along only sometime around 11:30 p.m. Writing is an artifice, and given a choice, most people would rather talk (or text).

For students who prefer it — and most of them likely would — the idea would be to give an oral presentation to the class, going from a memorized outline of planned remarks but expressing its points spontaneously. They would be graded on the quality of both the delivery and the content.

It is unclear to me that there is a reason to classify oral suasion as something lesser than the written version, as long as students are instructed that they are to maintain a basic, tempered poise, without relying on volume or colorful rhetoric to stand in for logic.

Some will object that students will need to be able to craft arguments in writing in their future endeavors. But to channel the modern kind of skeptical response: Will they, though?

An alternate universe would be one in which students who thought of themselves as likely to need such a skill in the future, such as in the law, would be the ones who choose written over oral expression.

When I am asked to speak about something, I do some written preparation to organize my thoughts, but I don’t craft sentences. I fashion my ideas into exactly three basic points.

In terms of realistic expectations of human attention span, especially in our eternally distracted era, even four points is too many, but two isn’t enough

Three points, each expressed with about three subpoints. I consider it my job to be able to hold this much in my memory, along with intentions of an introduction and a conclusion.

when it comes to individuals expressing their intelligence for assignments or teaching, I cannot see that writing is the only legitimate and effective vehicle. We are a society that values speaking engagingly but places less of a value on speaking precisely. This is a mere matter of cultural preference; I wish it would change.

Until now, the assumption has been that they will answer truthfully based on their own experiences. In a post-ChatGPT world, though, academics can no longer make that assumption. Given the mostly anonymous, transactional nature of the assignment, it’s easy to imagine a worker signing up to participate in a large number of studies and outsource all their answers to a bot. This “raises serious concerns about the gradual dilution of the ‘human factor’ in crowdsourced text data,” the researchers write.

“This, if true, has big implications,” Clark writes. “It suggests the proverbial mines from which companies gather the supposed raw material of human insights are now instead being filled up with counterfeit human intelligence.”

A second, more worrisome study comes from researchers at the University of Oxford,  University of Cambridge, University of Toronto, and Imperial College London. It found that training AI systems on data generated by other AI systems — synthetic data, to use the industry’s term — causes models to degrade and ultimately collapse. While the decay can be managed by using synthetic data sparingly, researchers write, the idea that models can be “poisoned” by feeding them their own outputs raises real risks for the web

that’s a problem, because — to bring together the threads of today’s newsletter so far — AI output is spreading to encompass more of the web every day.“The obvious larger question,” Clark writes, “is what this does to competition among AI developers as the internet fills up with a greater percentage of generated versus real content.”

In The Verge, Vincent argues that the current wave of disruption will ultimately bring some benefits, even if it’s only to unsettle the monoliths that have dominated the web for so long. “Even if the web is flooded with AI junk, it could prove to be beneficial, spurring the development of better-funded platforms, he writes. “If Google consistently gives you garbage results in search, for example, you might be more inclined to pay for sources you trust and visit them directly.”

the glut of AI text will leave us with a web where the signal is ever harder to find in the noise. Early results suggest that these fears are justified — and that soon everyone on the internet, no matter their job, may soon find themselves having to exert ever more effort seeking signs of intelligent life.

hugely successful media giants dominating the entertainment scene, growing fat and cocky, dismissive of upstart competitors, followed by a humbling slide toward marginalization, if not outright irrelevance.

First radio was so dominant that surely no one thought television could ever replace it. Then broadcast TV was such an enormous presence in American life, some network executives dismissed cable TV as destined to be small-timey forever.

A viewer could watch a whole series in a single day and never be bothered by somebody selling corn flakes.

There could be a number of reasons for the huge subscriber drop, but the biggest seems to be increased competition, with a slew of companies with great resources and deep libraries of content entering the streaming world in recent years, including Disney, Universal and Warner Bros. Discovery (the parent company of CNN).

Netflix, following in the footsteps of streaming competitors like Hulu and HBO Max, is reportedly exploring a new option for financial security. Or rather an old one, a really old one.

The one that brought all those people together in Manhattan for the upfronts: ad dollars.

a self-driving car could have avoided choosing between two bad outcomes by making a decision earlier on — the speaker pointed out that, when entering the alley, the car could have determined that the space was narrow and slowed to a speed that would keep everyone safe.

Auditors have to inspect the algorithm without accessing sensitive user data.

Other considerations come into play as well, such as balancing the removal of misinformation with the protection of free speech.

To meet these challenges, Cen and Shah developed an auditing procedure that does not need more than black-box access to the social media algorithm (which respects trade secrets), does not remove content (which avoids issues of censorship), and does not require access to users (which preserves users’ privacy).

which is known to help reduce the spread of misinformation

In labor markets, for example, workers learn their preferences about what kinds of jobs they want, and employers learn their preferences about the qualifications they seek from workers.

But learning can be disrupted by competition

it is indeed possible to get to a stable outcome (workers aren’t incentivized to leave the matching market), with low regret (workers are happy with their long-term outcomes), fairness (happiness is evenly distributed), and high social welfare.

For instance, when Covid-19 cases surged in the pandemic, many cities had to decide what restrictions to adopt, such as mask mandates, business closures, or stay-home orders. They had to act fast and balance public health with community and business needs, public spending, and a host of other considerations.

But of course, no county exists in a vacuum.

These complex interactions matter,

“Accountability, legitimacy, trust — these principles play crucial roles in society and, ultimately, will determine which systems endure with time.”