Skip to main content

Home/ TOK Friends/ Group items tagged cost

Rss Feed Group items tagged

maxwellokolo

How much does it cost to deport one migrant? It depends - 0 views

  •  
    CLOSE Juan Carlos Fomperosa Garcia and Jose Escobar visited U.S. Immigration and Customs Enforcement offices recently for routine appointments. Both expected to return home afterward to their families in Phoenix and Houston, respectively. Instead, they were detained and deported on the same day, becoming among the first high-profile removals in the wake of President Donald Trump's executive actions on immigration enforcement.
ilanaprincilus06

Cost Of Her Usual Pain Shot Rose From $30 To $300 Thanks To 'Facility Fee' : Shots - He... - 0 views

  • $1,394, including a $1,262 facility fee listed as "operating room services." The balance included a clinic charge and a pharmacy charge. Lee's portion of the bill was $354.68.
  • Lee owed more than 10 times what she had paid for the same procedure done before by the same physician, Dr. Elisabeth Roter.
  • Lee says it was the "same talking, same injection — same time."
  • ...10 more annotations...
  • "This is a senior citizen for whom English is not her first language. She doesn't have the resources to fight this,"
  • Nonetheless, that slight location change allowed the hospital system to bill what's called a "facility fee," laid out on Lee's bill as "operating room services."
  • comes without warning, as hospitals are not required to inform patients of it ahead of time.
  • But she's worried her mom will delay getting the shots now, putting up with the pain longer, as she knows they are more expensive.
  • as more private practices have been bought by hospitals and facility fees are tacked on to their charges.
  • Ohio, where Lee lives, is considering legislation that would prohibit facility fees for telehealth services.
  • it's difficult to fight powerful hospital lobbyists in a pandemic political climate, where hospitals are considered heroic.
  • "Even if it was a lot of money for services properly rendered, then of course she would pay it. But that's not the case here."
  • "Facility fees are designed by hospitals in particular to grab more revenue from the weakest party in health care: namely, the individual patient,"
  • Ask outright if there will be a facility fee — and how much — even if there has not been one before.
cvanderloo

In Texas, price gouging during disasters is illegal - it is also on very shaky ethical ... - 1 views

  • In Houston, as millions suffered power and water outages, food shortages and subfreezing temperatures, another problem confronted families: price hikes.Steep increases in the price of food, gas and fuel have been reported across Texas. And as millions of Texans lost power, exorbitant prices were being asked for hotel rooms with power, with some climbing to US$1,000 a night.
  • Disaster creates a scarcity of basic necessities; retailers and providers respond by sharply raising the price tags on sought-after commodities.
  • Contrarian voices argue that price hikes are good – they provide incentives for sellers to bring extra supplies and prevent hoarding.
  • ...7 more annotations...
  • Whether price gouging helps bring more supply to disaster victims is speculative, but a surer outcome is that it will disproportionately burden the worst-off.
  • that is, an obligation to help others in danger when doing so entails only a small cost to yourself.
    • cvanderloo
       
      duty of early rescue
  • Rescuing someone with little risk or cost to yourself is a moral duty, not a duty enforced by law in the U.S. So, some people might ask, why should it be enforced on would-be price gougers?
  • Picture a hiker lost in the woods suffering serious dehydration. A second hiker walks by and offers to sell her his extra water, but for a large sum.This violates the duty of easy rescue because it risks failing to save someone who can easily be saved, so long as the second hiker does not need the water himself.
  • We are all better off when we cooperate to provide services that at some point we all may need.
    • cvanderloo
       
      social contract theory
  • This extends to rescue services such as firefighters, paramedics and first responders. But when life-threatening conditions arise from lack of food, water, shelter and power, this burden of rescue can be delegated to sellers of necessities and providers of utilities. At the least, society requires that they not raise prices and turn away those who cannot pay.
  • But actual inequality provides a reason to enforce laws against price gouging. When prices rise, the worst-off suffer the most.
caelengrubb

11 mind-blowing facts about the US economy | Markets Insider - 1 views

  • For more than a century, the United States has been the world's economic powerhouse.
  • The US is on the verge of its longest economic expansion on record
  • Last May, the US economy's streak of more than eight years of economic growth became the nation's second longest on record. It's been a slow climb following the Great Recession, but it's growth nonetheless.
  • ...22 more annotations...
  • But the US also just hit a record 13 straight years without 3% real GDP growth
  • While the US has had a record period of economic expansion, it's not setting the world on fire. It's been a record 13 straight years without reaching 3% real gross domestic product growth. The US has come close, hitting 2.9% growth in 2018, but America hasn't hit a real GDP growth of 3% since 2005, when it grew 3.5%
  • The decade-long expansion has generated 20 million jobs
  • With economic growth stretching the past decade, key figures continue to get better. A 3.4% year-over-year wage growth is the strongest in more than a decade, a good sign as stagnant wages have kept the US middle class at bay
  • Still, the jobless rate fell to 3.8%
  • Sleep deprivation costs the US economy billions of dollars
  • More than a third of the US adult population doesn't get enough sleep, and that costs the US $411 billion through the loss of 1.2 million work days each year.
  • The lack of sleep can come from a variety of factors, whether it's overworking, poor health habits, or even the horrid blue light from electronics
  • About $100,000 separates the middle class from the upper class
  • In 2011, 51% of Americans were considered middle class, and that number grew slightly to 52% in 2016
  • Generation Z might spend as much as $143 billion next year
  • Generation Z, the population born between 1997 and 2012, will make up 40% of US consumers by next year.
  • The average car part crosses into Mexico and Canada eight times in production
  • Mexico is the top trade partner, with the US exporting $21.9 billion worth of products to its southern neighbor and importing $27.7 billion, making up 14.8% of all US trade. Canada, meanwhile, makes up 13.8% of US trade as it imports $22.6 billion worth of American goods and sends in $23.4 billion
  • If California were a country, it would have the fifth highest GDP in the world
  • With a gross domestic product of $2.747 trillion, California would only trail Germany, Japan, China, and the US as a whole.
  • The US spends more on defense than the next seven nations combined
  • That $610 billion is good for 15% of all federal spending
  • The US national debt is at an all-time high
  • In February, US government debt hit an all-time high of $22 trillion
  • The sports industry is worth nearly $75 billion
  • A sports-industry report back in 2015 predicted the market in North America would be worth more than $73.5 billion by this year.
tonycheng6

Accurate machine learning in materials science facilitated by using diverse data sources - 0 views

  • Computational modelling is also used to estimate the properties of materials. However, there is usually a trade-off between the cost of the experiments (or simulations) and the accuracy of the measurements (or estimates), which has limited the number of materials that can be tested rigorously.
  • Materials scientists commonly supplement their own ‘chemical intuition’ with predictions from machine-learning models, to decide which experiments to conduct next
  • More importantly, almost all of these studies use models built on data obtained from a single, consistent source. Such models are referred to as single-fidelity models.
  • ...4 more annotations...
  • However, for most real-world applications, measurements of materials’ properties have varying levels of fidelity, depending on the resources available.
  • A comparison of prediction errors clearly demonstrates the benefit of the multi-fidelity approach
  • The authors’ system is not restricted to materials science, but is generalizable to any problem that can be described using graph structures, such as social networks and knowledge graphs (digital frameworks that represent knowledge as concepts connected by relationships)
  • More research is needed to understand the scenarios for which multi-fidelity learning is most beneficial, balancing prediction accuracy with the cost of acquiring data
huffem4

Why Don't We Prepare Enough for Disasters? - 1 views

  • Why do so many of us hide our heads in the sand when faced with the possibility of a catastrophic future event?
  • we are governed by two cognitive systems: one that is more automated and drives instinctual decisions—like quickly moving away from danger—and another that involves more considered thought and drives deliberate decisions—like deciding what house to buy.
  • In these cases, we tend to rely on six biases that can lead us to misperceive our situation and potentially take wrong action (or avoid action altogether). These are nicely described in The Ostrich Paradox, as follows: Myopia: The tendency to focus more on the short-term costs than the future potential benefits of investments. Amnesia: The tendency to forget the lessons of past disasters. Optimism: The tendency to underestimate the likelihood of future hazards. Inertia: The tendency to maintain the status quo or adopt the default option when uncertain about the future benefits of investing now. Simplification: The tendency to selectively consider only certain factors when making choices involving risk. Herding: The tendency to follow the “wisdom” of the crowd.
  • ...3 more annotations...
  • if taking action now to prevent a future disaster involves a difficult hurdle—such as bureaucratic red tape or high financial, social, or political costs—we will tend to focus on the immediate (avoiding public resistance to increased taxes) versus the future (preventing a catastrophe)
  • it’s best if decision makers don’t prepare for future consequences only by looking at objective risks and vulnerabilities. Instead, planners should be encouraged “to think first about how individuals in hazard-prone areas are likely to perceive risks and why they might not adopt different preparedness measures.
  • The challenge is how to get the public to adopt these principles
Javier E

How our brains numb us to covid-19's risks - and what we can do about it - The Washingt... - 1 views

  • Social scientists have long known that we perceive risks that are acute, such as an impending tsunami, differently than chronic, ever-present threats like car accidents
  • Part of what’s happening is that covid-19 — which we initially saw as a terrifying acute threat — is morphing into more of a chronic one in our minds. That shift likely dulls our perception of the danger,
  • Now, when they think about covid-19, “most people have a reduced emotional reaction. They see it as less salient.”
  • ...15 more annotations...
  • This habituation stems from a principle well-known in psychological therapy: The more we’re exposed to a given threat, the less intimidating it seems.
  • As the pandemic drags on, people are unknowingly performing a kind of exposure therapy on themselves, said University of Oregon psychologist Paul Slovic, author of “The Perception of Risk” — and the results can be deadly.
  • “You have an experience and the experience is benign. It feels okay and comfortable. It’s familiar. Then you do it again,” Slovic said. “If you don’t see anything immediately bad happening, your concerns get deconditioned.”
  • The end result of all this desensitizing is a kind of overriding heedlessness decoupled from evidence — the anti-mask movements, the beach gatherings, the overflowing dance parties
  • One of the best ways to reinforce a certain behavior is to make sure that behavior is rewarded and that deviations from it are punished (or ignored).
  • But when it comes to lifesaving behaviors such as mask-wearing or staying home from parties, this reward-punishment calculus gets turned on its head.
  • “A few parks have drawn circles [on their lawns]: ‘Don’t go out of the circle,’ ” Griffin said. “We need to take those kinds of metaphors and put them throughout the entire day.”
  • while there is an upside to this decision — helping to stop the spread of the virus — it feels distant. “The benefit is invisible, but the costs are very tangible.”
  • By contrast, Slovic said, when you flout guidelines about wearing masks or avoiding gatherings, you get an immediate reward: You rejoice at not having to breathe through fabric, or you enjoy celebrating a close friend’s birthday in person.
  • Because risk perception fails as we learn to live with covid-19, Griffin and other researchers are calling for the renewal of tough government mandates to curb virus spread. They see measures such as strict social distancing, enforced masking outside the home and stay-at-home orders as perhaps the only things that can protect us from our own faulty judgment.
  • But these kinds of measures aren’t enough on their own, Griffin said. It’s also important for authorities to supply in-your-face reminders of those mandates, especially visual cues, so people won’t draw their own erroneous conclusions about what’s safe.
  • With parties, when you do the right thing and stay home, “you feel an immediate cost: You’re not able to be with your friends,
  • “The first step is awareness that sometimes you can’t trust your feelings.”
  • For people considering how to assess covid-19 risks, Slovic advised pivoting from emotionally driven gut reactions to what psychologist Daniel Kahneman — winner of the 2002 Nobel Prize in economics for his integration of psychological research into economic science — calls “slow thinking.” That means making decisions based on careful analysis of the evidence. “You need to either do the slow thinking yourself,” Slovic said, “or trust experts who do the slow thinking and understand the situation.”
  • Thousands of us are less afraid than we were at the pandemic’s outset, even though in many parts of the country mounting case counts have increased the danger of getting the virus. We’re swarming the beaches and boardwalks, often without masks.
adonahue011

Study Finds Brain Injury Changes Moral Judgment - The New York Times - 0 views

    • adonahue011
       
      Interesting how much our body is interconnected
  • for hurting others relies on a part of neural anatomy, one that likely evolved before the brain regions responsible for analysis and planning.
  • hypothetical;
  • ...29 more annotations...
    • adonahue011
       
      Interesting how they started their study with a complete hypothetical idea of these moral decisions.
  • confirm the central role of the damaged region — the ventromedial prefrontal cortex, which is thought to generate social emotions, like compassion.
    • adonahue011
       
      We also learned about the importance of the prefrontal cortex, as it controls our social emotions and can have a great effect on our decision making.
  • The new study seals the case by demonstrating that a very specific kind of emotion-based judgment is altered when the region is offline.
  • people with the injury will even endorse suffocating an infant if that would save more lives.
  • at least two systems working when we make moral judgments,
    • adonahue011
       
      TOK topic we discussed
  • There’s an emotional system that depends on this specific part of the brain
  • system that performs more utilitarian cost-benefit analyses
  • Jurors have reduced sentences based on brain-imaging results, and experts say that any evidence of damage to this ventromedial area could sway judgments of moral competency in some cases.
  • The new study focused on six patients who had suffered very specific damage to the ventromedial area from an aneurysm or a tumor
    • adonahue011
       
      The study format
  • can be lucid, easygoing, talkative and intelligent, but blind to subtle social cues, making them socially awkward.
  • They strongly favored flipping the switch, just as group of people without injuries did.
    • adonahue011
       
      Interesting collection of data,
  • the ventromedial cortex
  • All three groups also strongly rejected doing harm to others in situations that were not a matter of trading one certain death for another.
    • adonahue011
       
      They were presenting the correct moral choices
  • some of the same moral instincts
  • a large difference in the participants’ decisions emerged when there was no switch to flip
  • taking direct action to kill or harm someone (pushing him in front of the runaway boxcar, for example) and serving a greater good.
    • adonahue011
       
      The difference: when there was no switch to flip
  • were about twice as likely as the other participants to say they would push someone in front of the train (if that was the only option)
  • The ventromedial area is a primitive part of the cortex that appears to have evolved to help humans and other mammals navigate social interactions
  • The area has connections to deeper, unconscious regions like the brain stem,
  • The ventromedial area integrates these signals with others from the cortex, including emotional memories, to help generate familiar social reactions.
  • This tension between cost-benefit calculations and instinctive emotion in part reflects the brain’s continuing adjustment to the vast social changes that have occurred since the ventromedial area first took shape
  • transforms the way people make moral judgments in life-or-death situations, scientists are reporting today.
  • this rare injury expressed increased willingness to kill or harm another person if doing so would save others' lives.
knudsenlu

How badly do you want something? Babies can tell | MIT News - 0 views

  • Babies as young as 10 months can assess how much someone values a particular goal by observing how hard they are willing to work to achieve it, according to a new study from MIT and Harvard University.
  • This ability requires integrating information about both the costs of obtaining a goal and the benefit gained by the person seeking it, suggesting that babies acquire very early an intuition about how people make decisions.
  • “This paper is not the first to suggest that idea, but its novelty is that it shows this is true in much younger babies than anyone has seen. These are preverbal babies, who themselves are not actively doing very much, yet they appear to understand other people’s actions in this sophisticated, quantitative way,”
  • ...4 more annotations...
  • “This study is an important step in trying to understand the roots of common-sense understanding of other people’s actions. It shows quite strikingly that in some sense, the basic math that is at the heart of how economists think about rational choice is very intuitive to babies who don’t know math, don’t speak, and can barely understand a few words
  • “Abstract, interrelated concepts like cost and value — concepts at the center both of our intuitive psychology and of utility theory in philosophy and economics — may originate in an early-emerging system by which infants understand other people's actions,” she says. 
  • In other words, they apply the well-known logic that all of us rely on when we try to assess someone’s preferences: The harder she tries to achieve something, the more valuable is the expected reward to her when she succeeds.”
  • “We have to recognize that we’re very far from building AI systems that have anything like the common sense even of a 10-month-old,” Tenenbaum says. “But if we can understand in engineering terms the intuitive theories that even these young infants seem to have, that hopefully would be the basis for building machines that have more human-like intelligence.
runlai_jiang

Would you buy a flying car that costs nearly £300,000? - BBC News - 0 views

  • As Dutch company Pal-V unveils its flying car gyrocopter at the Geneva motor show, we ask if the dream of flying cars for all could ever become a reality. Or will they remain toys for the rich, superseded by sky taxis that can fly autonomously?
annabaldwin_

End to Health Care Subsidies Puts Congress in a Tight Spot - The New York Times - 0 views

  • President Trump’s decision to cut off critical payments to health insurance companies ratcheted up the pressure on Congress on Friday to take action to protect consumers from soaring premiums, while also adding a combustible new issue to negotiations to avert a government shutdown this year.
  • It came just hours after he signed an executive order that also undermined the health law by encouraging the development of lower-cost insurance policies not subject to the Affordable Care Act’s rigorous coverage standards.
  • “Our patients will ultimately pay the price,” said Dr. David O. Barbe
  • ...1 more annotation...
  • The premium increases would be felt most by middle-class consumers who do not qualify for federal aid with either their premiums or their out-of-pocket costs.
tongoscar

'Free' College Would Be an Expensive Disaster. Just Ask Europe. - 0 views

  • Free college sounds great! Who doesn’t like free stuff?
  • To make the idea sound even more appealing, advocates continuously cite Europe as an example of success. Many European countries offer their citizens tuition-free higher education, so why can’t America?
  • Americans already pay a steep price for our higher education system. Taxpayers—including those who never went to college and never intend to—spend more than $150 billion a year on federal student loans, grants, and other government programs.
  • ...4 more annotations...
  • One of the few factors putting any downward pressure on higher education costs is the growing criticism that universities receive for leaving so many students burdened with massive amounts of student loan debt. Under a fully financed government system, however, universities would receive no such scrutiny. They’d simply pass the bill to Washington and let lawmakers take the heat from unhappy taxpayers. That cumulative bill would quickly skyrocket. Many European countries that have experimented with “free college” are finding that approach to be simply unaffordable. Germany, for example, saw a 37% increase in the college subsidy cost to taxpayers once public universities removed tuition.
  • Similarly, England had a free-college policy between the 1960s and the 1990s. Enrollment soared, straining government revenues. Ultimately, England had to lower resources by 39% per student. Ultimately, England’s free college policy wound up hurting low-income students the most, as schools were forced to cap the number of students admitted.
  • European countries that offer tuition-free higher education also struggle with the issue of completion. Finland, for example, ranks first among all Organization for Economic Cooperation and Development countries in terms of subsidies for higher education, with 96% of all higher education funding coming from public sources. However, Finland ranks 25th among OECD countries for degree attainment.
  • The $1.5 trillion in outstanding student loan debt that Americans owe is certainly a crisis. However, the solution to this problem is not to encourage more students to attend who may later drop out and ask Americans who did not go to college to pay for those who do.
tongoscar

Next stop for free college: Cal State University? | CalMatters - 0 views

  • In yet another push to make higher education more accessible in California, a bill filed in the state Legislature last week would extend the state’s tuition-free college guarantee to four years — and beyond community college — for some students, making it one of the most generous programs in the nation.
  • “If we want a truly debt-free education, you’ve got to begin that conversation by cutting tuition and fees,” he said. “If you don’t tell these kids every single day that you’re going to go to college, it may not be a reality.”
  • While the bill does not contain a cost estimate, the price tag would likely be “in the low hundreds of millions,” said Francisco Rodriguez, chancellor of the Los Angeles Community College District, a bill sponsor. (The overall state budget proposed by Gov. Gavin Newsom last week totaled $222 billion, with nearly $4 billion earmarked for Cal State next year.)
  • ...2 more annotations...
  • Among free college programs nationwide, New York’s Excelsior Scholarship covers four years of tuition at the state’s public universities for students with family incomes of $125,000 or less, provided they attend full-time and stay in the area after graduation. But most state free college plans only pay for community college, which helps contain cost and draw bipartisan support.
  • If passed, it could also increase demand for spots at the already-overcrowded California State University, said Gail Yen, a policy analyst at California Competes, a nonpartisan higher education think tank.  
anniina03

Boeing's Mission for NASA Gets Cut Short - The Atlantic - 0 views

  • It was a picture-perfect launch, just before sunrise on a sandy coastline. The rocket, bright as a candle flame, climbed steadily, leaving a spindly trail of smoke that split the sky in half, with the sharp darkness of night on one side and the first pastel hues of daylight on the other. It carried a capsule, bound for the International Space Station, to the edge of space and let go.
  • The trouble started after that. The capsule, built for NASA by Boeing, was supposed to ignite its own engines to boost itself higher into orbit, where it would chase after the space station. But the engines didn’t start when they should have.
  • But the craft was flying just out of reach of communication, between two satellites. When engineers could finally contact Starliner, they made the spacecraft thrust itself higher, but it was too late. The confused capsule had been burning fuel to maintain its position, and didn’t have enough left to execute that crucial push toward the ISS.
  • ...7 more annotations...
  • The capsule, named CST-100 Starliner, is part of a NASA program called Commercial Crew, an effort to launch astronauts to the ISS from the U.S. The agency has not had that capability since the space-shuttle program ended in 2011 under the weight of cost, safety, and political factors.
  • According to NASA officials, after Starliner separated from the rocket, the capsule missed the moment it needed to ignite its engines for a carefully timed and fully automated process known as an orbital insertion burn. Without that step, the spacecraft couldn’t fire the thrusters to shove itself into the correct orbit.
  • Engineers watched, unable to help from below, as the spacecraft became disoriented.
  • Jim Chilton, the senior vice president of Boeing Space and Launch, said engineers don’t know why the clock went off track. Nicole Mann, who would have made her first trip to space on the next mission, said that the astronauts “train extensively for this type of contingency, and had we been on board, there could have been actions that we could have taken,” such as manually controlling the spacecraft.
  • Now the future of the program is uncertain, particularly for Boeing. It’s unclear what additional tests NASA might now require from Boeing before letting astronauts fly, including, perhaps, another attempt at an uncrewed mission. The capsule’s failure will certainly reshuffle schedules and could contribute to further delays for Boeing, already under scrutiny for its sluggishness in a recent report from NASA’s inspector general.
  • The spacecraft failure means yet another cycle of bad news for Boeing. The company has a long history with NASA; it was the prime contractor for the ISS and also worked on the space shuttles. But the company is better known for its airplanes, and in recent months the flaws of its 737 Max, which contributed to two deadly crashes, have put Boeing under intense pressure to prove that its aircraft are safe.
  • In the coming days, NASA and Boeing teams will review data from Starliner’s short-lived mission. And the space agency will continue its negotiations to buy more seats on the Soyuz, Russia’s transportation system, which can cost as much as $86 million. NASA’s last trip on the Soyuz system is scheduled for April. If neither company’s crew capsule is ready by then, NASA will have to buy more slots to ensure that American astronauts can launch to space.
tongoscar

A world trade war is brewing. The US-China deal doesn't stop it - CNN - 0 views

shared by tongoscar on 20 Jan 20 - No Cached
  • The United States has signed a partial trade agreement with China. But that doesn't mean simmering conflicts and uncertainty over trade won't drag down the global economy this year.
  • President Donald Trump has heralded the "phase one" US-China trade deal as a significant breakthrough.
  • The two sides are keeping substantial tariffs in place. About two-thirds of all US imports from China — roughly $370 billion worth — will still be covered by tariffs after the deal is signed, according to a December analysis from the Peterson Institute for International Economics.
  • ...3 more annotations...
  • China isn't the only world power tangling with the United States over trade.
  • New tariffs would escalate an already tense relationship between Washington and Brussels. The Trump administration imposed a 25% tariff on most European wine in October, in retaliation for government subsidies received by planemaker Airbus (EADSF).
  • An agreement that addresses these issues with Europe will be one of Trump's priorities for 2020, according to William Reinsch, an expert at the Center for Strategic and International Studies who served for 15 years as president of the National Foreign Trade Council.
tongoscar

Housing costs, migration expected to crimp Southern California's economy - Daily News - 0 views

  • Southern California’s economy remains strong, but it’s expected to lag slightly behind the state through 2021, according to a new report.
  • On the plus side, per capita income growth is expected to continue to outpace the nation and state, buoyed by strong employment in the construction, logistics, professional services and healthcare industries.
  • Long-term regional investments in transportation — most notably the Southern California Optimized Rail Expansion — will help boost growth in the area, the report said. The $10 billion capital improvement program, which runs from 2018 through 2028, includes track additions, station improvements and better signals and grade crossings to improve safety where trains cross surface streets.
  • ...3 more annotations...
  • It’s projected to generate 1.3 million jobs and provide a $684 billion boost to Southern California’s economy.
  • Southern California is expected to add 129,800 jobs this year and 128,300 in 2021. This year’s biggest employment gain of 52,500 jobs will come in education and health services, the report said, with other sizable increases in leisure and hospitality (20,600), professional and business services (18,900) trade, transportation and utilities (13,200) and construction, natural resources and mining (12,100).
  • The report defines Southern California as a 10-county region that includes Los Angeles, Orange, San Bernardino, Riverside, San Diego, Ventura, Santa Barbara, Imperial, Kern and San Luis Obispo counties.
Javier E

Understanding What's Wrong With Facebook | Talking Points Memo - 0 views

  • to really understand the problem with Facebook we need to understand the structural roots of that problem, how much of it is baked into the core architecture of the site and its very business model
  • much of it is inherent in the core strategies of the post-2000, second wave Internet tech companies that now dominate our information space and economy.
  • Facebook is an ingenious engine for information and ideational manipulation.
  • ...17 more annotations...
  • Good old fashioned advertising does that to a degree. But Facebook is much more powerful, adaptive and efficient.
  • Facebook is designed to do specific things. It’s an engine to understand people’s minds and then manipulate their thinking.
  • Those tools are refined for revenue making but can be used for many other purposes. That makes it ripe for misuse and bad acting.
  • The core of all second wave Internet commerce operations was finding network models where costs grow mathematically and revenues grow exponentially.
  • The network and its dominance is the product and once it takes hold the cost inputs remained constrained while the revenues grow almost without limit.
  • Facebook is best understood as a fantastically profitable nuclear energy company whose profitability is based on dumping the waste on the side of the road and accepting frequent accidents and explosions as inherent to the enterprise.
  • That’s why these companies employ so few people relative to scale and profitability.
  • That’s why there’s no phone support for Google or Facebook or Twitter. If half the people on the planet are ‘customers’ or users that’s not remotely possible.
  • The core economic model requires doing all of it on the cheap. Indeed, what Zuckerberg et al. have created with Facebook is so vast that the money required not to do it on the cheap almost defies imagination.
  • Facebook’s core model and concept requires not taking responsibility for what others do with the engine created to drive revenue.
  • It all amounts to a grand exercise in socializing the externalities and keeping all the revenues for the owners.
  • Here’s a way to think about it. Nuclear power is actually incredibly cheap. The fuel is fairly plentiful and easy to pull out of the ground. You set up a little engine and it generates energy almost without limit. What makes it ruinously expensive is managing the externalities – all the risks and dangers, the radiation, accidents, the constant production of radioactive waste.
  • managing or distinguishing between legitimate and bad-acting uses of the powerful Facebook engine is one that would require huge, huge investments of money and armies of workers to manage
  • But back to Facebook. The point is that they’ve created a hugely powerful and potentially very dangerous machine
  • The core business model is based on harvesting the profits from the commercial uses of the machine and using algorithms and very, very limited personnel (relative to scale) to try to get a handle on the most outrageous and shocking abuses which the engine makes possible.
  • Zuckerberg may be a jerk and there really is a culture of bad acting within the organization. But it’s not about him being a jerk. Replace him and his team with non-jerks and you’d still have a similar core problem.
  • To manage the potential negative externalities, to take some responsibility for all the dangerous uses the engine makes possible would require money the owners are totally unwilling and in some ways are unable to spend.
Javier E

Hidden perils of unresolved grief | McKinsey - 0 views

  • This force is unresolved grief, and research suggests it costs companies billions of dollars a year in lost productivity and performance. Our own multiyear research effort finds that unresolved grief is a pervasive, overlooked leadership derailer that affects perhaps one-third of senior executives at one time or another.
  • The negative impact of unresolved grief is considerable. In addition to the well-known ways that stress from grief damages our physical health, 1 1. Eliana Crosina and Michael G. Pratt, “Understanding how grief weakens the body,” Atlantic, September 11, 2014, theatlantic.com. the financial cost of grief to organizations appears high: $75 billion a year for US companies, according to one study. 2
  • At its most basic, our experience of grief stems from our natural resistance to change. That’s why some definitions of grief usefully describe it as “the conflicting emotions brought by the change of a familiar pattern.”
  • ...1 more annotation...
  • Yet the loss of leadership capability and potential that results from unresolved grief, as well as the human suffering and pain, can seem beyond measure.
blythewallick

Opinion | The Crisis of the Republican Party - The New York Times - 0 views

  • “I don’t want to see the Republican Party ride to political victory on the four horsemen of calumny — fear, ignorance, bigotry and smear,” she said. “I doubt if the Republican Party could — simply because I don’t believe the American people will uphold any political party that puts political exploitation above national interest. Surely, we Republicans aren’t that desperate for victory.”
  • sometimes the point is just to get people to look up.
  • The problem with politicians who abuse power isn’t that they don’t get results. It’s that the results come at a high cost to the Republic — and to the reputations of those who lack the courage or wisdom to resist.
  • ...5 more annotations...
  • Mr. Trump publicly made a similar request of China. His chief of staff, Mick Mulvaney, said publicly on Thursday that the administration threatened to withhold military aid from Ukraine if it did not help “find” the D.N.C. servers.
  • These attempts to enlist foreign interference in American electoral democracy are an assault not only on our system of government but also on the integrity of the Republican Party.
  • Yet Republicans will not be able to postpone a reckoning with Trumpism for much longer. The investigation by House Democrats appears likely to result in a vote for impeachment, despite efforts by the White House to obstruct the inquiry. That will force Senate Republicans to choose.
  • Will they commit themselves and their party wholly to Mr. Trump, embracing even his most anti-democratic actions, or will they take the first step toward separating themselves from him and restoring confidence in the rule of law?
  • That’s why all elected officials take an oath to preserve, protect and defend the Constitution against all enemies, foreign and domestic. By protecting Donald Trump at all costs from all consequences, the Republicans risk violating that sacred oath.
« First ‹ Previous 61 - 80 of 311 Next › Last »
Showing 20 items per page