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runlai_jiang

A New Antidote for Noisy Airports: Slower Planes - WSJ - 0 views

  • Urban airports like Boston’s Logan thought they had silenced noise issues with quieter planes. Now complaints pour in from suburbs 10 to 15 miles away because new navigation routes have created relentless noise for some homeowners. Photo: Alamy By Scott McCartney Scott McCartney The Wall Street Journal BiographyScott McCartney @MiddleSeat Scott.McCartney@wsj.com March 7, 2018 8:39 a.m. ET 146 COMMENTS saveSB107507240220
  • It turns out engines aren’t the major culprit anymore. New airplanes are much quieter. It’s the “whoosh” that big airplanes make racing through the air.
  • Computer models suggest slowing departures by 30 knots—about 35 miles an hour—would reduce noise on the ground significantly.
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  • The FAA says it’s impressed and is moving forward with recommendations Boston has made.
  • . A working group is forming to evaluate the main recommendation to slow departing jets to a speed limit of 220 knots during the climb to 10,000 feet, down from 250 knots.
  • New routes put planes over quiet communities. Complaints soared. Phoenix neighborhoods sued the FAA; Chicago neighborhoods are pushing for rotating runway use. Neighborhoods from California to Washington, D.C., are fighting the new procedures that airlines and the FAA insist are vital to future travel.
  • “It’s a concentration problem. It’s a frequency problem. It’s not really a noise problem.”
  • “The flights wake you up. We get a lot of complaints from young families with children,” says Mr. Wright, a data analyst who works from home for a major health-care company.
  • In Boston, an analysis suggested only 54% of the complaints Massport received resulted from noise louder than 45 decibels—about the level of background noise. When it’s relentless, you notice it more.
  • With a 30-knot reduction, noise directly under the flight track would decrease by between 1.5 and 5 decibels and the footprint on the ground would get a lot skinnier, sharply reducing the number of people affected, Mr. Hansman says.
  • The industry trade association Airlines for America has offered cautious support of the Boston recommendations. In a statement, the group said the changes must be safe, work with a variety of aircraft and not reduce the airport’s capacity for takeoffs and landings.
  • Air-traffic controllers will need to delay a departure a bit to put more room between a slower plane and a faster one, or modify its course slightly.
Javier E

Why Disruptors Are Always White Guys -- NYMag - 0 views

  • There are three pernicious and interrelated phenomena at work here. First, founders are disproportionately white dudes. Second, white dudes are disproportionately encouraged to become founders. Third, white dudes are disproportionately recognized as founders.
  • Ultimately, this phenomenon can lead to the erasure of women and minorities in leadership roles from the picture
  • The research is broad and deep on the “glass walls” that keep women from becoming entrepreneurs, or the profound discrimination that many people of color face when starting their own businesses. Investors like a pitch coming from a man better than coming from a woman — even when the pitch is the same. Minority-owned firms get rejected for loans at twice the rate of white-owned firms, and often pay higher interest rates when they get them, too. 
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  • There’s a single discriminatory phenomenon underpinning all three of these issues, sometimes called “think manager, think male.”
  • . “Probably the single most important hurdle for women in management in all industrialized countries is the persistent stereotype that associates management with being male,” one study reads
  • Other studies find distinctly similar stereotypes related to people of color and leadership.
  • In today’s media economy, we’re facing the “think entrepreneur, think white dude” problem.
  • it need not be so. As a very preliminary step, if publications insisted on putting women and minorities on their stupid, arbitrary lists, it would elevate those entrepreneurs and founders. It might help break down the deep stereotypes that help to discourage women and minorities from becoming entrepreneurs in the first place.
Javier E

Opinion | The Apps on My Phone Are Stalking Me - The New York Times - 0 views

  • There is much about the future that keeps me up at night — A.I. weaponry, undetectable viral deepfakes
  • but in the last few years, one technological threat has blipped my fear radar much faster than others.That fear? Ubiquitous surveillance.
  • I am no longer sure that human civilization can undo or evade living under constant, extravagantly detailed physical and even psychic surveillance
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  • as a species, we are not doing nearly enough to avoid always being watched or otherwise digitally recorded.
  • our location, your purchases, video and audio from within your home and office, your online searches and every digital wandering, biometric tracking of your face and other body parts, your heart rate and other vital signs, your every communication, recording, and perhaps your deepest thoughts or idlest dreams
  • in the future, if not already, much of this data and more will be collected and analyzed by some combination of governments and corporations, among them a handful of megacompanies whose powers nearly match those of governments
  • Over the last year, as part of Times Opinion’s Privacy Project, I’ve participated in experiments in which my devices were closely monitored in order to determine the kind of data that was being collected about me.
  • I’ve realized how blind we are to the kinds of insights tech companies are gaining about us through our gadgets. Our blindness not only keeps us glued to privacy-invading tech
  • it also means that we’ve failed to create a political culture that is in any way up to the task of limiting surveillance.
  • few of our cultural or political institutions are even much trying to tamp down the surveillance state.
  • Yet the United States and other supposedly liberty-loving Western democracies have not ruled out such a future
  • like Barack Obama before him, Trump and the Justice Department are pushing Apple to create a backdoor into the data on encrypted iPhones — they want the untrustworthy F.B.I. and any local cop to be able to see everything inside anyone’s phone.
  • the fact that both Obama and Trump agreed on the need for breaking iPhone encryption suggests how thoroughly political leaders across a wide spectrum have neglected privacy as a fundamental value worthy of protection.
  • Americans are sleepwalking into a future nearly as frightening as the one the Chinese are constructing. I choose the word “sleepwalking” deliberately, because when it comes to digital privacy, a lot of us prefer the comfortable bliss of ignorance.
  • Among other revelations: Advertising companies and data brokers are keeping insanely close tabs on smartphones’ location data, tracking users so precisely that their databases could arguably compromise national security or political liberty.
  • Tracking technologies have become cheap and widely available — for less than $100, my colleagues were able to identify people walking by surveillance cameras in Bryant Park in Manhattan.
  • The Clearview AI story suggests another reason to worry that our march into surveillance has become inexorable: Each new privacy-invading technology builds on a previous one, allowing for scary outcomes from new integrations and collections of data that few users might have anticipated.
  • The upshot: As the location-tracking apps followed me, I was able to capture the pings they sent to online servers — essentially recording their spying
  • On the map, you can see the apps are essentially stalking me. They see me drive out one morning to the gas station, then to the produce store, then to Safeway; later on I passed by a music school, stopped at a restaurant, then Whole Foods.
  • But location was only one part of the data the companies had about me; because geographic data is often combined with other personal information — including a mobile advertising ID that can help merge what you see and do online with where you go in the real world — the story these companies can tell about me is actually far more detailed than I can tell about myself.
  • I can longer pretend I’ve got nothing to worry about. Sure, I’m not a criminal — but do I want anyone to learn everything about me?
  • more to the point: Is it wise for us to let any entity learn everything about everyone?
  • The remaining uncertainty about the surveillance state is not whether we will submit to it — only how readily and completely, and how thoroughly it will warp our society.
  • Will we allow the government and corporations unrestricted access to every bit of data we ever generate, or will we decide that some kinds of collections, like the encrypted data on your phone, should be forever off limits, even when a judge has issued a warrant for it?
  • In the future, will there be room for any true secret — will society allow any unrecorded thought or communication to evade detection and commercial analysis?
  • How completely will living under surveillance numb creativity and silence radical thought?
  • Can human agency survive the possibility that some companies will know more about all of us than any of us can ever know about ourselves?
katedriscoll

What Is the Function of Confirmation Bias? | SpringerLink - 1 views

  • Confirmation bias is one of the most widely discussed epistemically problematic cognitions, challenging reliable belief formation and the correction of inaccurate views. Given its problematic nature, it remains unclear why the bias evolved and is still with us today. To offer an explanation, several philosophers and scientists have argued that the bias is in fact adaptive. I critically discuss three recent proposals of this kind before developing a novel alternative, what I call the ‘reality-matching account’
  • Confirmation bias is typically viewed as an epistemically pernicious tendency. For instance, Mercier and Sperber (2017: 215) maintain that the bias impedes the formation of well-founded beliefs, reduces people’s ability to correct their mistaken views, and makes them, when they reason on their own, “become overconfident” (Mercier 2016: 110).
Javier E

Mark Zuckerberg, Let Me Pay for Facebook - NYTimes.com - 0 views

  • 93 percent of the public believes that “being in control of who can get information about them is important,” and yet the amount of information we generate online has exploded and we seldom know where it all goes.
  • the pop-up and the ad-financed business model. The former is annoying but it’s the latter that is helping destroy the fabric of a rich, pluralistic Internet.
  • Facebook makes about 20 cents per user per month in profit. This is a pitiful sum, especially since the average user spends an impressive 20 hours on Facebook every month, according to the company. This paltry profit margin drives the business model: Internet ads are basically worthless unless they are hyper-targeted based on tracking and extensive profiling of users. This is a bad bargain, especially since two-thirds of American adults don’t want ads that target them based on that tracking and analysis of personal behavior.
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  • This way of doing business rewards huge Internet platforms, since ads that are worth so little can support only companies with hundreds of millions of users.
  • Ad-based businesses distort our online interactions. People flock to Internet platforms because they help us connect with one another or the world’s bounty of information — a crucial, valuable function. Yet ad-based financing means that the companies have an interest in manipulating our attention on behalf of advertisers, instead of letting us connect as we wish.
  • Many users think their feed shows everything that their friends post. It doesn’t. Facebook runs its billion-plus users’ newsfeed by a proprietary, ever-changing algorithm that decides what we see. If Facebook didn’t have to control the feed to keep us on the site longer and to inject ads into our stream, it could instead offer us control over this algorithm.
  • Many nonprofits and civic groups that were initially thrilled about their success in using Facebook to reach people are now despondent as their entries are less and less likely to reach people who “liked” their posts unless they pay Facebook to help boost their updates.
  • What to do? It’s simple: Internet sites should allow their users to be the customers. I would, as I bet many others would, happily pay more than 20 cents per month for a Facebook or a Google that did not track me, upgraded its encryption and treated me as a customer whose preferences and privacy matter.
  • Many people say that no significant number of users will ever pay directly for Internet services. But that is because we are misled by the mantra that these services are free. With growing awareness of the privacy cost of ads, this may well change. Millions of people pay for Netflix despite the fact that pirated copies of many movies are available free. We eventually pay for ads, anyway, as that cost is baked into products we purchase
  • A seamless, secure micropayment system that spreads a few pennies at a time as we browse a social network, up to a preset monthly limit, would alter the whole landscape for the better.
  • we’re not starting from scratch. Micropayment systems that would allow users to spend a few cents here and there, not be so easily tracked by all the Big Brothers, and even allow personalization were developed in the early days of the Internet. Big banks and large Internet platforms didn’t show much interest in this micropayment path, which would limit their surveillance abilities. We can revive it.
  • If even a quarter of Facebook’s 1.5 billion users were willing to pay $1 per month in return for not being tracked or targeted based on their data, that would yield more than $4 billion per year — surely a number worth considering.
  • Mr. Zuckerberg has reportedly spent more than $30 million to buy the homes around his in Palo Alto, Calif., and more than $100 million for a secluded parcel of land in Hawaii. He knows privacy is worth paying for. So he should let us pay a few dollars to protect ours.
caelengrubb

6 Ways Social Media Affects Our Mental Health - 0 views

  • But possibly as concerning is the thing that we often do while we're sitting: Mindlessly scrolling through our social media feeds when we have a few spare minutes (or for some, hours)
  • It’s addictive
  • Experts have not been in total agreement on whether internet addiction is a real thing, let alone social media addiction, but there’s some good evidence that both may exist.
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  • And studies have confirmed that people tend to undergo a kind of withdrawal: A study a few years ago from Swansea University found that people experienced the psychological symptoms of withdrawal when they stopped using (this went for all internet use, not just social media).
  • It triggers more sadness, less well-being
  • The more we use social media, the less happy we seem to be. One study a few years ago found that Facebook use was linked to both less moment-to-moment happiness and less life satisfaction—the more people used Facebook in a day, the more these two variables dropped off
  • In fact, another study found that social media use is linked to greater feelings of social isolation.
  • Comparing our lives with others is mentally unhealthy
  • One study looked at how we make comparisons to others posts, in “upward” or “downward” directions—that is, feeling that we’re either better or worse off than our friends.
  • It can lead to jealousy—and a vicious cycle
  • Studies have certainly shown that social media use triggers feelings of jealousy. The authors of one study, looking at jealousy and other negative feelings while using Facebook, wrote that “This magnitude of envy incidents taking place on FB alone is astounding, providing evidence that FB offers a breeding ground for invidious feelings."
  • We get caught in the delusion of thinking it will help
  • Part of the unhealthy cycle is that we keep coming back to social media, even though it doesn’t make us feel very good.
  • This is probably because of what’s known as a forecasting error: Like a drug, we think getting a fix will help, but it actually makes us feel worse, which comes down to an error in our ability to predict our own response.
  • More friends on social doesn’t mean you’re more social
  • A couple of years ago, a study found that more friends on social media doesn’t necessarily mean you have a better social life—there seems to be a cap on the number of friends a person’s brain can handle, and it takes actual social interaction (not virtual) to keep up these friendships
  • All of this is not to say that there’s no benefit to social media—obviously it keeps us connected across great distances, and helps us find people we’d lost touch with years ago
Javier E

Specs that see right through you - tech - 05 July 2011 - New Scientist - 0 views

  • a number of "social X-ray specs" that are set to transform how we interact with each other. By sensing emotions that we would otherwise miss, these technologies can thwart disastrous social gaffes and help us understand each other better.
  • In conversation, we pantomime certain emotions that act as social lubricants. We unconsciously nod to signal that we are following the other person's train of thought, for example, or squint a bit to indicate that we are losing track. Many of these signals can be misinterpreted - sometimes because different cultures have their own specific signals.
  • n 2005, she enlisted Simon Baron-Cohen, also at Cambridge, to help her identify a set of more relevant emotional facial states. They settled on six: thinking, agreeing, concentrating, interested - and, of course, the confused and disagreeing expressions
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  • More often, we fail to spot them altogether. D
  • it's hard to fool the machine for long
  • The camera tracks 24 "feature points" on your conversation partner's face, and software developed by Picard analyses their myriad micro-expressions, how often they appear and for how long. It then compares that data with its bank of known expressions (see diagram).
  • Eventually, she thinks the system could be incorporated into a pair of augmented-reality glasses, which would overlay computer graphics onto the scene in front of the wearer.
  • the average person only managed to interpret, correctly, 54 per cent of Baron-Cohen's expressions on real, non-acted faces. This suggested to them that most people - not just those with autism - could use some help sensing the mood of people they are talking to.
  • set up a company called Affectiva, based in Waltham, Massachusetts, which is selling their expression recognition software. Their customers include companies that, for example, want to measure how people feel about their adverts or movie.
  • To create this lexicon, they hired actors to mime the expressions, then asked volunteers to describe their meaning, taking the majority response as the accurate one.
  • In addition to facial expressions, we radiate a panoply of involuntary "honest signals", a term identified by MIT Media Lab researcher Alex Pentland in the early 2000s to describe the social signals that we use to augment our language. They include body language such as gesture mirroring, and cues such as variations in the tone and pitch of the voice. We do respond to these cues, but often not consciously. If we were more aware of them in others and ourselves, then we would have a fuller picture of the social reality around us, and be able to react more deliberately.
  • develop a small electronic badge that hangs around the neck. Its audio sensors record how aggressive the wearer is being, the pitch, volume and clip of their voice, and other factors. They called it the "jerk-o-meter".
  • it helped people realise when they were being either obnoxious or unduly self-effacing.
  • y the end of the experiment, all the dots had gravitated towards more or less the same size and colour. Simply being able to see their role in a group made people behave differently, and caused the group dynamics to become more even. The entire group's emotional intelligence had increased (
  • Some of our body's responses during a conversation are not designed for broadcast to another person - but it's possible to monitor those too. Your temperature and skin conductance can also reveal secrets about your emotional state, and Picard can tap them with a glove-like device called the Q Sensor. In response to stresses, good or bad, our skin becomes clammy, increasing its conductance, and the Q Sensor picks this up.
  • Physiological responses can now even be tracked remotely, in principle without your consent. Last year, Picard and one of her graduate students showed that it was possible to measure heart rate without any surface contact with the body. They used software linked to an ordinary webcam to read information about heart rate, blood pressure and skin temperature based on, among other things, colour changes in the subject's face
  • In Rio de Janeiro and Sao Paolo, police officers can decide whether someone is a criminal just by looking at them. Their glasses scan the features of a face, and match them against a database of criminal mugshots. A red light blinks if there's a match.
  • Thad Starner at Georgia Institute of Technology in Atlanta wears a small device he has built that looks like a monocle. It can retrieve video, audio or text snippets of past conversations with people he has spoken with, and even provide real-time links between past chats and topics he is currently discussing.
  • The US military has built a radar-imaging device that can see through walls to capture 3D images of people and objects beyond.
caelengrubb

Even Non-Amputees Can Feel a Phantom Limb | Invisible Hand | Live Science - 0 views

  • Amputees often suffer from a phenomenon known as phantom limb syndrome, but researchers now say that non-amputees can also be made to feel phantom limbs, and even pain, when knives are jabbed into nonexistent hands.
  • In phantom limb syndrome, people suffer from the illusion that a limb exists even if it is missing
  • Phantom limbs occur in 95 percent of amputees who lose an arm or leg
    • caelengrubb
       
      I didn't know that it was this common
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  • Doctors have known of this syndrome since the 16th century. (After Lord Horatio Nelson lost part of his right arm during a battle in 1797, he said he felt fingers pressing into his missing palm, sensations the admiral cited as direct evidence for the existence of a soul.)
  • Not only can the mind fool people into thinking a missing limb is there when it is not, but experiments prove that people can be fooled into thinking another object is part of them. The deception is known as the rubber hand illusion.
  • To play this trick, start with a table with a screen running up its middle, and sit in front of the table so the right arm is hidden from view. A fake right arm is visible on the table. If both the right hand and the rubber hand are simultaneously stroked with a brush for a few minutes, a 1998 study found eight of 10 volunteers experienced the disarming illusion that the dummy hand was their hand.
  • In another experiment, the volunteers were asked to close their eyes and quickly point with their left hand to where they perceived their right hand was. Those experiencing the invisible hand illusion would point at the invisible hand rather than their real hand.
  • The scientists had previously found objects that did not resemble body parts, such as a block of wood, cannot be experienced as one's own hand, "so we were extremely surprised to find that the brain can accept an invisible hand as part of the body,
  • "We believe that the crucial difference lies in that we are very used to feeling our hands without seeing them, and we can move our hands in empty space but not through solid objects," Guterstam said. "The empty space close to the body represents an array of potential locations for the limbs."
  • The researchers scanned the brains of 14 volunteers using functional magnetic resonance imaging (fMRI). Perceiving the invisible-hand illusion led to increased activity in the same parts of the brain that are normally active when individuals see their real hand being touched or when participants experience a prosthetic hand as their own.
  • There could be important differences between the invisible hand illusion and phantom sensations, Ehrsson said. "For example, signals from damaged nerves could contribute to phantom limbs and phantom pain in a way that would be different from our illusion in limbed-individuals," Ehrsson said.
sanderk

Opinion | Twelve Million Americans Were Tracked Through Their Phones - The New York Times - 0 views

  • a trove of data obtained by Times Opinion. It holds more than 50 billion location pings from the phones of more than 12 million Americans, across several major cities. The data was provided to Times Opinion by sources who asked to remain anonymous because they were not authorized to share it and could face severe penalties for doing so
  • grown alarmed about how it might be abused and urgently wanted to inform the public and lawmakers
  • This is the decade we were brainwashed into surveilling ourselves.
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  • Americans would be furious if the government required that every person must carry a tracking device that broadcast their location dozens of times each day, forever
  • Americans have, with every terms of service agreement they click “agree” on, consented to just such a system run by private companies. Tens of millions of Americans, including many children, are now carrying spies in their pockets.
  • The location tracking industry didn’t really exist until the end of the 2000s. Powerful location-based apps became ubiquitous in the blink of an eye. As the decade closes, we’re inundated with stories of privacy invasions, from data breaches to smart speakers to hackable doorbell cameras and now to location-gobbling apps.
proudsa

Introducing Sleep + Wellness | Arianna Huffington - 0 views

  • Introducing Sleep + Wellness
  • . Scientists are confirming what our ancestors knew instinctively: that our sleep is not empty time.
  • Sleep Number is known for its SleepIQ bed technology, with sensors that track and monitor your sleep and then offer suggestions to improve it.
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  • no better time to put a spotlight on all the innovations in the world of sleep health. Technology has given us an unprecedented ability to learn more about ourselve
  • , 43 percent of those polled said they've tracked their exercise workouts and 41 percent have tracked their diet.
  • Sleep + Wellness has already kicked off with a range of perspectives on sleep and how it can improve our lives.
Javier E

How Calls for Privacy May Upend Business for Facebook and Google - The New York Times - 0 views

  • People detailed their interests and obsessions on Facebook and Google, generating a river of data that could be collected and harnessed for advertising. The companies became very rich. Users seemed happy. Privacy was deemed obsolete, like bloodletting and milkmen
  • It has been many months of allegations and arguments that the internet in general and social media in particular are pulling society down instead of lifting it up.
  • That has inspired a good deal of debate about more restrictive futures for Facebook and Google. At the furthest extreme, some dream of the companies becoming public utilities.
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  • There are other avenues still, said Jascha Kaykas-Wolff, the chief marketing officer of Mozilla, the nonprofit organization behind the popular Firefox browser, including advertisers and large tech platforms collecting vastly less user data and still effectively customizing ads to consumers.
  • The greatest likelihood is that the internet companies, frightened by the tumult, will accept a few more rules and work a little harder for transparency.
  • The Cambridge Analytica case, said Vera Jourova, the European Union commissioner for justice, consumers and gender equality, was not just a breach of private data. “This is much more serious, because here we witness the threat to democracy, to democratic plurality,” she said.
  • Although many people had a general understanding that free online services used their personal details to customize the ads they saw, the latest controversy starkly exposed the machinery.
  • Consumers’ seemingly benign activities — their likes — could be used to covertly categorize and influence their behavior. And not just by unknown third parties. Facebook itself has worked directly with presidential campaigns on ad targeting, describing its services in a company case study as “influencing voters.”
  • “If your personal information can help sway elections, which affects everyone’s life and societal well-being, maybe privacy does matter after all.”
  • some trade group executives also warned that any attempt to curb the use of consumer data would put the business model of the ad-supported internet at risk.
  • “You’re undermining a fundamental concept in advertising: reaching consumers who are interested in a particular product,”
  • If suspicion of Facebook and Google is a relatively new feeling in the United States, it has been embedded in Europe for historical and cultural reasons that date back to the Nazi Gestapo, the Soviet occupation of Eastern Europe and the Cold War.
  • “We’re at an inflection point, when the great wave of optimism about tech is giving way to growing alarm,” said Heather Grabbe, director of the Open Society European Policy Institute. “This is the moment when Europeans turn to the state for protection and answers, and are less likely than Americans to rely on the market to sort out imbalances.”
  • In May, the European Union is instituting a comprehensive new privacy law, called the General Data Protection Regulation. The new rules treat personal data as proprietary, owned by an individual, and any use of that data must be accompanied by permission — opting in rather than opting out — after receiving a request written in clear language, not legalese.
  • the protection rules will have more teeth than the current 1995 directive. For example, a company experiencing a data breach involving individuals must notify the data protection authority within 72 hours and would be subject to fines of up to 20 million euros or 4 percent of its annual revenue.
  • “With the new European law, regulators for the first time have real enforcement tools,” said Jeffrey Chester, the executive director of the Center for Digital Democracy, a nonprofit group in Washington. “We now have a way to hold these companies accountable.”
  • Privacy advocates and even some United States regulators have long been concerned about the ability of online services to track consumers and make inferences about their financial status, health concerns and other intimate details to show them behavior-based ads. They warned that such microtargeting could unfairly categorize or exclude certain people.
  • the Do Not Track effort and the privacy bill were both stymied.Industry groups successfully argued that collecting personal details posed no harm to consumers and that efforts to hinder data collection would chill innovation.
  • “If it can be shown that the current situation is actually a market failure and not an individual-company failure, then there’s a case to be made for federal regulation” under certain circumstances
  • The business practices of Facebook and Google were reinforced by the fact that no privacy flap lasted longer than a news cycle or two. Nor did people flee for other services. That convinced the companies that digital privacy was a dead issue.
  • If the current furor dies down without meaningful change, critics worry that the problems might become even more entrenched. When the tech industry follows its natural impulses, it becomes even less transparent.
  • “To know the real interaction between populism and Facebook, you need to give much more access to researchers, not less,” said Paul-Jasper Dittrich, a German research fellow
  • There’s another reason Silicon Valley tends to be reluctant to share information about what it is doing. It believes so deeply in itself that it does not even think there is a need for discussion. The technology world’s remedy for any problem is always more technology
Javier E

Movie Review: Inside Job - Barron's - 0 views

  • On the outsize role of the GSEs and other federal agencies in high-risk mortgages, figures compiled by former Fannie Mae Chief Credit Officer Edward Pinto show that as of mid-2008, more than 70% were accounted for by the federal government in one way or another, with nearly two-thirds of that held by Fannie and Freddie.
  • As has been documented, for example, in a forthcoming book on the GSEs called Guaranteed to Fail, there was a steady increase in affordable housing mandates imposed on these enterprises by Congress, one of several reasons why they were hardly like other capitalist enterprises, but tools and beneficiaries of government.
  • I asked Ferguson why Inside Job made such brief mention of Fannie Mae and Freddie Mac, and even then without noting that they are government-sponsored enterprises, subject to special protection by the federal government—which their creditors clearly appreciated, given the unusually low interest rates their debt commanded.
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  • Ferguson replied that their role in subprime mortgages was not very significant, and that in any case their behavior was not much different from that of other capitalist enterprises.
  • We get no inkling that Rajan's views on what made the world riskier, as set forth in his book, veer quite radically from those of Inside Job. They include, as he has written, "the political push for easy housing credit in the United States and the lax monetary policy [by the Federal Reserve] in the years 2003-2005."
  • Rajan, author of Fault Lines, a recent book on the debacle, speaks with special authority to fans of Inside Job. Not only is he in the movie—one of the talking heads speaking wisdom about what occurred—he is accurately presented as having anticipated the meltdown in a 2005 paper called "Has Financial Development Made the World Riskier?" But the things he is quoted as saying in the film are restricted to serving its themes.
  • Yet it's impossible to understand what happened without grasping the proactive role played by government. "The banking sector did not decide out of the goodness of its heart to extend mortgages to poor people," commented University of Chicago Booth School of Business Finance Professor Raghuram Rajan in a telephone interview last week. "Politicians did that, and they would have taken great umbrage if the regulator stood in the way of more housing credit."
  • THE STORY RECOUNTED in Inside Job is that principles like safety and soundness were flouted by greedy Wall Street capitalists who brought down the economy with the help of certain politicians, political appointees and corrupt academicians. Despite the attempts and desires of some, including Barney Frank, to regulate the mania, the juggernaut prevails to this day, under the presidency of Barack Obama.
  • This version of the story contains some elements of truth.
  • Text Size Regular Medium Large "A MASTERPIECE OF INVESTIGATIVE nonfiction moviemaking," wrote the film critic of the Boston Globe. "Rests its outrage on reason, research and careful argument," opined the New York Times. The "masterpiece" referred to was the recently released Inside Job, a documentary film that focuses on the causes of the 2008 financial crisis.
Javier E

Seven Lessons In Economic Leadership From Ancient Egypt - 0 views

  • Although there are plenty of grounds for rage against the big banks, the challenge is to sort out which are the activities that grow the real economy of goods and services, and which are the activities that are essentially a zero-sum game of socially useless gambling?
  • The situation today is that the zero-sum games of the financial sector aren’t just a tiny sideshow. They have grown exponentially and have become almost the main game of the financial sector.
  • When finance becomes the end, not the means, then the result is what analyst Gautam Mukunda calls “excessive financialization” of the economy, as his excellent article by “The Price of Wall Street Power” in the June 2014 issue of Harvard Business Review makes clear.
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  • Quite apart from the “unbalanced power” of the financial sector, and the tendency of a super-sized financial sector to cause increasingly bad global financial crashes, excessive financialization leads to resources being misallocated. “In many of the financial sector’s segments that have grown fastest since deregulation—like investment banks—the transactions are primarily zero-sum.”
  • However in times of rapid technological transformation like today, the role of the economic priesthood in protecting its own interests can become a massively destabilizing.
  • Thus we know from the history of the last couple of hundred years that in times of rapid technological transformation, the financial sector tends to become disconnected from the real economy
  • This has occurred a number of times in the last few hundred years, including the Canal Mania (England—1790s), the Rail Mania (England—1840s), the Gilded Age (US: 1880s—early 1900s) the Roaring Twenties (US—1920s) and the Big Banks of today.
  • Getting to safety is not made any easier by the fact the modern economic priesthood—the managers of large firms and the banks—has, like their ancient Egyptian forbears, found ways to participate in the casino economy and benefit from “making money out of money”, even as the economy as a whole suffers.  As Upton Sinclair wrote, “It is difficult to get a man to understand something, when his salary depends upon his not understanding it.
  • Just as the ancient Egyptian economic priesthood clung to power as the economy stagnated, so today the economic priesthood shows no signs of relinquishing their gains or their power. The appetite and expectation of extraordinary returns is still there.
  • “Corporate chieftains rationally choose financial engineering—debt-financed share buybacks, for example—over capital investment in property, plants and equipment. Financial markets reward shareholder activism. Institutional investors extend their risk parameters to beat their benchmarks… But real economic growth—averaging just a bit above 2 percent for the fifth year in a row—remains sorely lacking.”
  • As a result, the economy remains in the “Great Stagnation”(Tyler Cowen), also known as “the Secular Stagnation (Larry Summers). It is running on continuing life support from the Federal Reserve. Large enterprises still appear to be profitable. The appearance, though not the reality, of economic well-being has been sufficient to make the stock market soa
  • Just as no change was possible in ancient Egyptian society so long as the economic priesthood colluded to preserve the status quo, so the excesses and prevarications of the Financial Sector will continue so long as the regulators remain its cheerleaders.
  • Just listen to the chair of the Securities and Exchange Commission (SEC), Mary Jo White at Stanford University Rock Center for Corporate Governance speaking to directors. In her speech, she makes no secret of her view that the overall corporate arrangements are sound. The job of the SEC, as outlined in the speech, is to find the odd individual who might be doing something wrong. The idea that the large-scale activities of the major banks might be socially corrosive is not even alluded.
  • Thus in times of transformational technology, there is a huge expansion of investment, driven by the financial sector. Wealthy investors begin to expect outsized returns and so there is over-investment. The resulting bubbles in due course burst
  • Just as in ancient Egypt, no progress was possible so long as the myths and rituals of the economic priesthood and their offerings to the gods were widely accepted as real indicators of what was going on, so today no progress is possible so long as the myths and rituals of the modern economic priesthood still has a pervasive hold of people’s minds
  • In the modern economy, the myths and rituals of the economic priesthood are built on the notion that the purpose of a firm is to maximize shareholder value and the notion that if the share price is increasing, things are going well. These ideas are the intellectual underpinnings of the zero-sum activities of the financial sector for “making money out of money”, by whatever means possible
  • Like the myths and rituals of the priests of ancient Egypt, shareholder value theory is espoused with religious overtones. Shareholder value, which even Jack Welch has called “the dumbest idea in the world,” remains pervasive in business, even though it is responsible for massive offshoring of manufacturing, thereby destroying major segments of the US economy, undermining US capacity to compete in international markets and killing the economic recovery.
  • If instead society decides that the financial sector should concentrate on its socially important function of financing the real economy and providing financial security for an ever wider circle of citizens and enterprises, we could enjoy an era of growth and lasting prosperity.
ilanaprincilus06

Biden On Track For Schools To Reopen, But Will Kids Go? : NPR - 1 views

  • President Biden said Thursday that his administration is on track to keep a promise he made to the nation's parents and caregivers: to reopen the majority of elementary and middle schools for full-time, in-person learning within his first 100 days in office.
  • but that reopening the nation's schools doesn't mean all students will quickly return to classrooms.
  • 42% of students (fourth- and eighth-graders) represented in this survey attended public schools that, as of last month, were offering full-time, in-person learning to all students.
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  • "There's a lot of people that are still very wary about being in person. You know, there are those of us who have lost people we love."
  • 35% of public schools are also offering some sort of hybrid learning schedule to all students
  • While 42% of students attended schools that offered fully in-person learning, just 33% of students returned full time.
  • Students of color are much more likely to be learning remotely than white students — both because many families of color say they feel less comfortable sending their children back to school at this moment but also because, according to the data, city schools that serve large and diverse student groups are less likely to be open than largely white, rural districts.
  • nearly half of white fourth-graders were back in school full time — that's compared with 15% of Asian, 28% of Black and 33% of Hispanic fourth-graders.
tonycheng6

Anti-ageing effects of protein restriction unpacked - 0 views

  • The idea that dietary restriction can be used as a tool to increase lifespan has been a centrepiece of ageing research for decades. But the mechanisms by which dietary restriction might act, and the specific nutritional components involved, remain unclear.
  • Both dietary protein restriction (which results in low levels of leucine and other BCAAs) and inhibition of mTOR can extend lifespan in animals
  • Flies that carry a mutation in this residue have lower mTOR activity than do controls. They are also longer-lived, and are protected against the negative lifespan-shortening effects of a high-protein diet.
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  • In contrast to a previous study6, they observed a robust lifespan extension in male mice fed a BCAA-restricted diet throughout life, equal to the benefits of dietary protein restriction.
  • Interestingly, female mice showed no lifespan extension from BCAA or dietary protein restriction, and if BCAA restriction was started during middle age, the benefits on males were greatly reduced. Thus, both studies collectively point to mTOR as a primary mediator of the benefits associated with BCAA restriction (Fig. 1).
  • A clear picture is emerging of how specific amino acids are sensed by sestrin to regulate mTOR signalling and autophagy and so preserve the function of intestinal stem cells during ageing.
  • Genetic background is crucial in the response to dietary restriction, with an identical low-calorie regimen increasing lifespan in some mouse strains but shortening it in others
  • There is also evidence that dietary restriction initiated later in life might have reduced benefits in rodents and, in some cases, result in premature death
  • Taken together, these observations suggest that although protein- and BCAA-restricted diets are a powerful research tool for exploring the fundamental mechanisms of ageing, it is premature to recommend adoption by the general population.
cvanderloo

Democrats Call For Fast-Tracking Citizenship For Undocumented Essential Workers | HuffPost - 0 views

  • Rep. Joaquin Castro (D-Texas) and Sen.-designate Alex Padilla (D-Calif.) are pushing for undocumented essential workers on the front lines of the coronavirus pandemic to be fast-tracked for U.S. citizenship. 
  • Padilla’s own parents came to the U.S. from Mexico in the 1960s and worked in restaurants and house cleaning.  
    • cvanderloo
       
      Shows how your experiences shape your opinions.
  • “These are people who feed us, clean our homes and hospitals and offices… and they do all this while living in fear of deportation, exploitation and now of this pandemic,”
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  • many who work in meatpacking, farm work and other front-line industries don’t have the option to work from home, and their employers don’t provide them with paid sick leave. 
  • Biden and Harris’ platform includes a commitment to work with Congress to pass legislation to create a path to citizenship for all undocumented immigrants in the U.S.  
  • As the coronavirus surges, Latinx and Black people are around four times as likely to be hospitalized as white people, and nearly three times as likely to die,
  • Last month, France fast-tracked citizenship processes for hundreds of immigrant front-line workers, including health care workers, garbage collectors, housekeepers and cashiers. 
    • cvanderloo
       
      Example of other countries do the same thing
  • Undocumented immigrants are among those hardest hit by the pandemic since they are disproportionately represented among workers deemed “essential” — from farmworkers to building cleaners — who are risking their lives while millions of Americans stay home.
  • Patrice Lawrence, co-director of the immigrant group UndocuBlack Network, said legislation recognizing immigrants’ “humanity and our contributions to this country is long overdue” and that a bill protecting undocumented essential workers is “the bare minimum this country can do.”
caelengrubb

How Isaac Newton Changed the World | Live Science - 0 views

  • To the probable dismay of some befuddled calculus and physics students the world over, Isaac Newton didn't just live, he grew up and lived long enough to become the single-most influential scientist of the 17th-century.
  • Newton's wide range of discoveries, from his theories of optics to his groundbreaking work on the laws of motion and gravity, formed the basis for modern physics.
  • The true genius of his work, experts think, is how he ultimately took those theories and applied them to the universe at large, explaining the motions of the Sun and planets in a way that had never been done before.
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  • Upon getting bumped on the head by a falling apple, Newton airily dreams up the laws of gravity and the rest, as they say, is history
  • When the black plague closed Cambridge University, where he was a student, for two years starting in 1665, he spent the long months locked up at home studying complex mathematics, physics and optics.
  • It was during this fruitful time that Newton, with the help of a crystal prism, became the first to discover that white light is made up a spectrum of colors
  • He also developed the concept of infinite-series calculus, the kind of scary math studied today by engineering and statistics scholars.
  • By 1666, Newton had even laid the blueprints for his three laws of motion, still recited by physics students everywhere:An object will remain in a state of inertia unless acted upon by force.The relationship between acceleration and applied force is F=ma.For every action there is an equal and opposite reaction.
  • Across the pages of the Principia, Newton breaks down the workings of the solar system into "'simple"' equations, explaining away the nature of planetary orbits and the pull between heavenly bodies.
lucieperloff

Hours After Pigs' Death, Scientists Restore Brain Cell Activity | Live Science - 0 views

  • In a radical experiment that has some experts questioning what it means to be "alive," scientists have restored brain circulation and some cell activity in pigs' brains hours after the animals died
  • that in some cases, the cell death processes can be postponed or even reversed, Sestan said.
  • Still, the researchers stressed that they did not observe any kind of activity in the pigs' brains that would be needed for normal brain function or things like awareness or consciousness.
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  • During this time, the BrainEx system not only preserved brain cell structure and reduced cell death, but also restored some cellular activity.
  • For example, although scientists are a long way from being able to restore brain function in people with severe brain injuries, if some restoration of brain activity is possible, "then we would have to change our definition of brain death," Singhal told Live Science.
    • lucieperloff
       
      Could hypothetically change the medical community for ever
  • The work also could stimulate research on ways to promote brain recovery after loss of blood flow to the brain, such as during a heart attack.
knudsenlu

How we determine who's to blame | MIT News - 0 views

  • This process can be conscious, as in the soccer example, or unconscious, so that we are not even aware we are doing it. Using technology that tracks eye movements, cognitive scientists at MIT have now obtained the first direct evidence that people unconsciously use counterfactual simulation to imagine how a situation could have played out differently.
  • “What’s really cool about eye tracking is it lets you see things that you’re not consciously aware of,” Tenenbaum says. “When psychologists and philosophers have proposed the idea of counterfactual simulation, they haven’t necessarily meant that you do this consciously. It’s something going on behind the surface, and eye tracking is able to reveal that.”
  • “It’s in the close cases where you see the most counterfactual looks. They’re using those looks to resolve the uncertainty,” Tenenbaum says.
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  • “We think this process of counterfactual simulation is really pervasive,” Gerstenberg says. “In many cases it may not be supported by eye movements, because there are many kinds of abstract counterfactual thinking that we just do in our mind. But the billiard-ball collisions lead to a particular kind of counterfactual simulation where we can see it.”
tongoscar

Can Robots Reduce Racism And Sexism? - 0 views

  • Robots are becoming a regular part of our workplaces, serving as supermarket cashiers and building our cars.
  • Apparently, just thinking about robot workers leads people to think they have more in common with other human groups according to research published in American Psychologist.
  • Basically, the robots reduced prejudice by highlighting the existence of a group that is not human. Study authors, Joshua Conrad Jackson, Noah Castelo and Kurt Gray, summarized, “The large differences between humans and robots may make the differences between humans seem smaller than they normally appear. Christians and Muslims have different beliefs, but at least both are made from flesh and blood; Latinos and Asians may eat different foods, but at least they eat.”
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  • Most importantly, the awareness of robots didn’t just change people’s attitudes, but also changed their behavior.
  • Although the previous study illustrated how robots can help eliminate the racial pay gap, it’s not clear what robots’ impact would be on the gender pay gap.
  • Computers are given gendered voices and human appearances so they seem more like us.
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