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Opinion | It's 2086. This Is What American History Could Look Like. - The New York Times - 0 views

  • If it seems far-fetched that a notorious insurgent could be given such a place of honor, the past begs to differ. When the Confederate president, Jefferson Davis, was imprisoned after the Civil War (rumored to be dressed at the time of his arrest in his own outlandish costume), he was more reviled and mocked than any Capitol rioter, and his crimes far more serious. His statue joined George Washington’s in the Capitol 65 years later.
  • As curators at the Smithsonian’s National Museum of American History, we are regularly confronted by hard physical evidence of just how slippery the past can be.
  • It is chilling, but not impossible, to envision the signs screaming “Stop the steal!” picked up on the garbage-strewn National Mall on Jan. 7, 2021, treated one day as patriotic treasures, displayed alongside the writing desk Thomas Jefferson used to draft the Declaration of Independence or the inkwell Abraham Lincoln dipped into to compose the Emancipation Proclamation.
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  • History, however, may have other plans. Contrary to the mantra, it has no right or wrong side.
  • Judging, it turns out, isn’t history’s strong suit. Notions of justice change radically over time, and they are not the reason we collect, preserve or display objects from the past
  • To curators and historians, the evolving meaning of our objects is far more fascinating than whom they label as unrighteous
  • The collections of the Smithsonian contain, for instance, pikes from John Brown’s failed slave rebellion in the South in 1859. At different moments since then, his pikes have symbolized a demented terrorist’s scheme for mass murder, a religious fanatic’s fiery crusade and a hero’s lonely struggle for justice.
  • Nothing in our past, no matter how blatant it may seem to us today, is guaranteed eternal condemnation
  • Our recent reckoning with American history has shown the indelible impact of staid forms of institutional power, like dedicating monuments, inscribing plaques and holding hearings. Enshrining rioters as heroes could be done fairly quietly.
  • There’s no controlling what the future will say about us. Generations just keep coming, re-evaluating old heroes and asking new questions.
  • We cannot know; we have no ownership over what is to come. The best we can do is map our moment scrupulously, to preserve the signposts that will lead to a place we’ll never see.
  • As curators, as historians, as citizens, we are frequently reminded that the past is a foreign country. But so is the future.
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Carole Hooven On Harvard's Existential Crisis - 0 views

  • The most salutary aspect of this whole affair is that it has really helped expose the core disagreement in our current culture war. One side believes, as I do, that individual merit exists, and should be the core criterion for admission to a great university, regardless of an individual’s racial or sexual identity, and so on. The other side believes that merit doesn’t exist at all outside the oppressive paradigm of racial and sexual identity, and that membership in a designated “marginalized” group should therefore be the core criterion for advancement in academia.
  • so they discriminate against individuals on the grounds of their race before they consider merit.
  • For example: If you are black and in the fourth lowest decile of SATs and GPAs among Harvard applicants, you have a higher chance of getting into Harvard (12.8 percent admitted) than an Asian-American in the very top decile (12.7 admitted). It’s rigged, which is why it was shut down by SCOTUS.
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  • there is no debate. There’s a trade-off. But once you make identity a core qualification, you’re opening up a whole world of racist anti-racism.
  • Most Americans believe in individual merit, and advancement regardless of identity. Harvard and our new elite believe that our society is so structured as an enduring “white supremacy” that merit can only be considered after you have accounted for the effects of “intersectional oppression.”
  • each moment of truth puts a crack in the stifling, authoritarian edifice of DEI. We can bring this corruption to light. We can hold them to account. I’m certainly more hopeful about the future of liberal society now than I was a month ago.
  • the only way to cover it all up, of course, is to abolish testing students entirely (which is what so many elite colleges and universities are now doing) or to give all students an A or an A-, making any distinctions of excellence irrelevant.
  • When push comes to shove, when there is a finite number of places available, you’re in a zero-sum predicament. You have to pick between a smarter student of the wrong race and a weaker student of the right race. In the end at Harvard, being in the right race — not merit — determines your chances.
  • The more people see this for the systemic racism it is, the sooner we can throw this neo-Marxist cuckoo out of the liberal nest, and return to the airing of all ideas, regardless of the subject matter or the identity of the students
  • That’s how you can claim, as Gay does, that “diversity” and “excellence” go hand in hand, when obviously, at some point they can and do conflict.
  • The response to all this from the CRT crowd has been to insist — ever more strongly — that Gay is simply and only a victim of racism, or, in woke terminology, a victim of misogynoir. The fact that a white female university president at those same hearings lost her job before Gay did — and without any plagiarism questions — doesn’t count.
  • In the Congressional hearings, moreover, she showed little gravitas, grace, or ability to think on her feet. She has largely hidden from public view since the plagiarism revelations — not a good instinct for a leader of a huge, public-facing institution like Harvard. She is, quite obviously, a run-of-the-mill woke academic, who was promoted at breakneck speed because of her race and sex, and found herself quickly out of her depth.
  • When you look instead at what she has done as an administrator, which is where she has been focused more recently, you see it has almost all been about hiring on the basis of sex and race, persecuting heretical members of racial minorities, and removing paintings of dead white dudes. She is, at least, consistent.
  • And let’s be honest: we can all see with our own eyes that subordinating merit to race and sex is how Gay got her position. Her work, beyond the sloppy dime-store plagiarism, would be underwhelming for an average member of any faculty in the country. But for a Harvard president, it’s astonishingly mid
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Opinion | I surrender. A major economic and social crisis seems inevitable. - The Washi... - 0 views

  • On the list of words in danger of cheapening from overuse — think “focus,” “iconic,” “existential,” you have your own favorites — “crisis” must rank near the top
  • A host of prognosticators, coming from diverse disciplinary directions, seems to think something truly worthy of the term is coming. They foresee cataclysmic economic and social change dead ahead, and they align closely regarding the timing of the crash’s arrival
  • Unsettling as these forecasts are, the even more troubling thought is that maybe a true crisis is not just inevitable but also necessary to future national success and social cohesion.
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  • Looking through a political lens, James Piereson in “Shattered Consensus” observes a collapse of the postwar understanding of government’s role, namely to promote full employment and to police a disorderly world. He expects a “fourth revolution” around the end of this decade, following the Jeffersonian upheaval of 1800, the Civil War and the New Deal. Such a revolution, he writes, is required or else “the polity will begin to disintegrate for lack of fundamental agreement.”
  • In “The Fourth Turning Is Here,” published this summer, demographic historian Neil Howe arrived at a similar conclusion. His view springs from a conviction that human history follows highly predictable cycles based on the “saeculum,” or typical human life span of 80 years or so, and the differing experiences of four generations within that span. The next “turning,” he predicts, is due in about 2033
  • It will resemble those in the 1760s, 1850s and 1920s, Howe writes, that produced “bone-jarring Crises so monumental that, by their end, American society emerged wholly transformed.”
  • Others see disaster’s origins in economics
  • Failure to resume strong growth and to produce greater economic equality will bring forth authoritarian regimes both left and right. This year, in his book “The Crisis of Democratic Capitalism,” Financial Times editor Martin Wolf advocated for an array of reforms, including carbon taxation, a presumption against horizontal mergers, a virtual ban on corporate share buybacks, compulsory voting, and extra votes for younger citizens and parents of children. He fears that, absent such measures, “the light of political and personal freedom might once again disappear from the world.”
  • Then there’s that little matter of our unconscionable and unpayable national debt, current and committed
  • Bowles called what’s coming “the most predictable economic crisis” — there’s that word again, aptly applied — “in history.” And that was many trillions of borrowing ago.
  • Now, market guru John Mauldin has begun forecasting a “great reset” when these unsustainable bills cannot be paid, when “the economy comes crashing down around our ears.” Writing in August, he said he sees this happening “roughly 7-10 years from now.”
  • Encouragingly, if vaguely, most of these seers retain their optimism. Piereson closes by imagining “a new order on the foundations of the old.” Confessing that he doesn’t “know exactly how it will work,” Mauldin expects us to “muddle through” somehow.
  • Howe, because he sees his sweeping, socially driven generational cycles recurring all the way back to the Greeks, is the most cavalier. Although “the old American republic is collapsing,” he says, we will soon pass through a “great gate in history,” resolve our challenges and emerge with a “new collective identity.”
  • Paradoxically, these ominous projections can help worrywarts like me move through what might be called the stages of political grief.
  • A decade ago, an optimist could tell himself that a democratically mature people could summon the will or the leaders to stop plundering its children’s futures, and to reconcile or at least agree to tolerate sincerely held cultural disagreements.
  • For a while after that, it seemed plausible to hope for incremental reforms that would enable the keeping of most of our safety-net promises, and for a cooling or exhaustion of our poisonous polarization.
  • Now, I’m grudgingly ready to surrender and accept that the cliché must be true: Washington will not face up to its duty except in a genuine crisis. Then and only then will we, as some would say, focus on the existential threats to our iconic institutions.
  • So maybe we might as well get on with it, and hope that we at least “muddle through.” I’ve arrived at the final stage: Crisis? Ready when you are.
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Opinion | Administrators Will Be the End of Us - The New York Times - 0 views

  • I looked into the growing bureaucratization of American life. It’s not only that growing bureaucracies cost a lot of money; they also enervate American society. They redistribute power from workers to rule makers, and in so doing sap initiative, discretion, creativity and drive.
  • . Over a third of all health care costs go to administration. As the health care expert David Himmelstein put it in 2020, “The average American is paying more than $2,000 a year for useless bureaucracy.”
  • The growth of bureaucracy costs America over $3 trillion in lost economic output every year, Gary Hamel and Michele Zanini estimated in 2016 in The Harvard Business Review
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  • 17 percent of G.D.P.
  • there is now one administrator or manager for every 4.7 employees, doing things like designing anti-harassment trainings, writing corporate mission statements, collecting data and managing “systems.”
  • This situation is especially grave in higher education. The Massachusetts Institute of Technology now has almost eight times as many nonfaculty employees as faculty employees
  • The general job of administrators, who are invariably good and well-meaning people, is to supervise and control, and they gain power and job security by hiring more people to work for them to create more supervision and control
  • Their power is similar to what Annie Lowrey of The Atlantic has called the “time tax.” If you’ve ever fought a health care, corporate or university bureaucracy, you quickly realize you don’t have the time for it, so you give up
  • As Philip K. Howard has been arguing for years, good organizations give people discretion to do what is right. But the trend in public and private sector organizations has been to write rules that rob people of the power of discretion
  • kids’ activities, from travel sports to recess, are supervised, and rules dominate. Parents are afraid their kids might be harmed, but as Jonathan Haidt and Greg Lukianoff have argued, by being overprotective, parents make their kids more fragile and more vulnerable to harm.
  • High school students design their lives to fit the metrics that college admissions officers require. And what traits are selective schools looking for? They’re looking for students who are willing to conform to the formulas the gatekeepers devise.
  • t Stanford is apparently now tamed. I invite you to read Ginevra Davis’s essay “Stanford’s War on Social Life” in Palladium, which won a vaunted Sidney Award in 2022 and details how university administrators cracked down on student initiatives to make everything boring, supervised and safe.
  • Mark Edmundson teaches literature at the University of Virginia. The annual self-evaluations he had to submit used to be one page. Now he has to fill out about 15 electronic pages of bureaucratese that include demonstrating how his work advances D.E.I., to make sure his every waking moment conforms to the reigning ideology.
  • the whole administrative apparatus comes with an implied view of human nature. People are weak, fragile, vulnerable and kind of stupid. They need administrators to run their lives
  • The result is the soft despotism that Tocqueville warned us about centuries ago, a power that “is absolute, minute, regular, provident and mild.”
  • this kind of power is now centerless. Presidents and executives don’t run companies, universities or nations. Power is now held by everyone who issues work surveys and annual reports, the people who create H.R. trainings and collect data
  • Trumpian populism is about many things, but one of them is this: working-class people rebelling against administrators. It is about people who want to lead lives of freedom, creativity and vitality, who find themselves working at jobs, sending their kids to schools and visiting hospitals, where they confront “an immense and tutelary power” (Tocqueville’s words) that is out to diminish them.
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Opinion | Claudine Gay and the Limits of Social Engineering at Harvard - The New York T... - 0 views

  • the important question for Harvard was never whether Gay should step down. It was why she was brought on in the first place, after one of the shortest presidential searches in Harvard’s recent history.
  • How did someone with a scholarly record as thin as hers — she has not written a single book, has published only 11 journal articles in the past 26 years and made no seminal contributions to her field — reach the pinnacle of American academia?
  • The answer, I think, is this: Where there used to be a pinnacle, there’s now a crater. It was created when the social-justice model of higher education, currently centered on diversity, equity and inclusion efforts — and heavily invested in the administrative side of the university — blew up the excellence model, centered on the ideal of intellectual merit and chiefly concerned with knowledge, discovery and the free and vigorous contest of ideas.
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  • I’ve seen arguments that it goes back to the 1978 Bakke decision, when the Supreme Court effectively greenlit affirmative action in the name of diversity.
  • the problem with Bakke isn’t that it allowed diversity to be a consideration in admissions decisions. It’s that university administrators turned an allowance into a requirement, so a kind of racial gerrymander now permeates nearly every aspect of academic life, from admissions decisions to faculty appointments to the racial makeup of contributors to essay collections
  • If affirmative action had been administered with a lighter hand — more nudge than mandate — it might have survived the court’s scrutiny last year. Instead, it became a pervasive regime that frequently got in the way of the universities’ higher goals, particularly the open exchange of ideas.
  • skin color was the first thing The Harvard Crimson noted in its story about her taking office, and her missteps and questions about her academic work gave ammunition to detractors who claimed she owed her position solely to her race.
  • This is the poisoned pool in which Harvard now swims. Whenever it elevates someone like Gay, there’s an assumption by admirers and detractors alike that she’s a political symbol whose performance represents more than who she is as a person
  • dehumanization is the price any institution pays when considerations of social engineering supplant those of individual achievement.
  • It may take a generation after the end of affirmative action before someone like Gay can have the opportunity to be judged on her own merits, irrespective of her color.
  • the damage that the social-justice model has done to higher education will take longer to repair. In 2015, 57 percent of Americans expressed high confidence in higher education, according to a Gallup survey. Last year, the number had fallen to 36 percent, and that was before the wave of antisemitic campus outbursts. At Harvard, early admission applications fell by 17 percent last fall.
  • Harvard also sets the tone for the rest of American higher ed — and for public attitudes toward it. One of the secrets of America’s postwar success wasn’t simply the caliber of U.S. universities. It was the respect they engendered among ordinary people who aspired to send their children to them.
  • That respect is now being eroded to the point of being erased. For good reason
  • People admire, and will strive for, excellence — both for its own sake and for the status it confers. But status without excellence is a rapidly wasting asset, especially when it comes with an exorbitant price. That’s the position of much of American academia today. Two hundred thousand dollars or more is a lot to pay for lessons in how to be an anti-racist.
  • the intellectual rot is pervasive and won’t stop spreading until universities return to the idea that their central purpose is to identify and nurture and liberate the best minds, not to engineer social utopias.
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Opinion | How to Reboot Free Speech on Campus - The New York Times - 0 views

  • In the course of those cases and confrontations, I’ve learned that the issue of campus protest is remarkably complex and that campus culture is at least as important as law and policy in setting the boundaries of debate.
  • There is profound confusion on campus right now around the distinctions between free speech, civil disobedience and lawlessness. At the same time, some schools also seem confused about their fundamental academic mission
  • Does the university believe it should be neutral toward campus activism — protecting it as an exercise of the students’ constitutional rights and academic freedoms, but not cooperating with student activists to advance shared goals — or does it incorporate activism as part of the educational process itself, including by coordinating with the protesters and encouraging their activism?
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  • The simplest way of outlining the ideal university policy toward protest is to say that it should protect free speech, respect civil disobedience and uphold the rule of law
  • universities should protect the rights of students and faculty on a viewpoint-neutral basis, and they should endeavor to make sure that every member of the campus community has the same access to campus facilities and resources.
  • That also means showing no favoritism between competing ideological groups in access to classrooms, in the imposition of campus penalties and in access to educational opportunities
  • Indefinitely occupying a quad violates the rights of other speakers to use the same space. Relentless, loud protest violates the rights of students to sleep or study in peace. And when protests become truly threatening or intimidating, they can violate the civil rights of other students, especially if those students are targeted on the basis of their race, sex, color or national origin.
  • Noise limits can protect the ability of students to study and sleep. Restricting the amount of time any one group can demonstrate on the limited open spaces on campus permits other groups to use the same space.
  • reasonable time, place and manner restrictions are indispensable in this context. Time, place and manner restrictions are content-neutral legal rules that enable a diverse community to share the same space and enjoy equal rights.
  • In a 1965 appearance on “Meet the Press,” the Rev. Dr. Martin Luther King Jr. described the principle perfectly: “When one breaks the law that conscience tells him is unjust, he must do it openly, he must do it cheerfully, he must do it lovingly, he must do it civilly — not uncivilly — and he must do it with a willingness to accept the penalty.”
  • But what we’re seeing on a number of campuses isn’t free expression, nor is it civil disobedience. It’s outright lawlessness
  • Civil disobedience is distinct from First Amendment protected speech. It involves both breaking an unjust law and accepting the consequences.
  • Administrators and faculty members will often abandon any pretense of institutional neutralit
  • For many administrators, the very idea of neutrality is repugnant. It represents a form of complicity in injustice that they simply can’t and won’t stomach. So they nurture and support one side. They scorn the opposition, adopting a de facto posture that says, “To my friends, everything; for my enemies, the law.”
  • In March, a small band of pro-Palestinian students at Vanderbilt University in Nashville pushed past a security guard so aggressively that they injured him, walked into a university facility that was closed to protest, and briefly occupied the building. The university had provided ample space for protest, and both pro-Israel and pro-Palestinian students had been speaking and protesting peacefully on campus since Oct. 7.
  • But these students weren’t engaged in free speech. Nor were they engaged in true civil disobedience. Civil disobedience does not include assault, and within hours the university shut them down. Three students were arrested in the assault on the security guard, and one was arrested on charges of vandalism. More than 20 students were subjected to university discipline; three were expelled; and one was suspended.
  • The University of Chicago has long adhered to the Kalven principles, a statement of university neutrality articulated in 1967 by a committee led by one of the most respected legal scholars of the last century, Harry Kalven Jr. At their heart, the Kalven principles articulate the view that “the instrument of dissent and criticism is the individual faculty member or the individual student. The university is the home and sponsor of critics; it is not itself the critic. It is, to go back once again to the classic phrase, a community of scholars.”
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German living standards plummeted after Russia invaded Ukraine, say economists | German... - 0 views

  • The energy shock caused by Russia’s invasion of Ukraine has led to the biggest collapse in German living standards since the second world war and a downturn in economic output comparable to the 2008 financial crisis, a stark assessment has found.
  • real wages in the country slumped further in 2022 than in any year since 1950.
  • A failure to protect German industry from the energy price spike may turn the 2020s into “a lost decade for Germany” and further fuel the rise of the populist far-right Alternative für De
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  • “In an age of conflict, climate and geopolitical crisis the rise of the AfD is a wake-up call. The collapse in living standards experienced by Germans is unprecedented since world war two. While it is true that the factors that fuelled the rise of the AfD go beyond economics, it is also impossible to ignore how this unprecedented slump in German living went hand-in-hand with the rising popularity of the far right.”
  • Europe’s largest economy is still reeling from the February 2022 full-scale invasion of Ukraine. The International Monetary Fund forecast for German growth in 2024 and 2025 is that it will be lower than any comparable advanced economy save Argentina.
  • Weber and Krebs highlighted that two distinct surges in support for the AfD in the summers of 2022 and 2023 coincide with periods of uncertainty in the German government about how to address the impact of energy price shocks on living standards.
  • Once the damage to output caused by the Covid crisis is included, actual output at the end of 2023 was about 7% below the pre-crisis trend. Real wages were 10% below their pre-crisis trend in 2023.
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Hannah Arendt would not qualify for the Hannah Arendt prize in Germany today | Samantha... - 0 views

  • The Foundation, which is affiliated with the German Green party, founded the prize not to honor Arendt but to “honor individuals who identify critical and unseen aspects of current political events and who are not afraid to enter the public realm by representing their opinion in controversial political discussions”, withdrew its support, causing the city of Bremen to withdraw its support, leading to an initial cancellation
  • The Foundation said Gessen’s comparison was “unacceptable”, but has since backtracked and has now said that they stand behind the award.
  • The comparison is not a one-to-one argument, but rather a barometer for urging individuals – and countries – to think about their support for Israe
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  • The comparison from Gessen’s essay, which caused such uproar, closely echoes a passage from Arendt’s correspondence written from Jerusalem in 1955 to her husband Heinrich Blücher, which is far more damning:
  • “The galut-and-ghetto mentality is in full bloom. And the idiocy is right in front of everyone’s eyes: Here in Jerusalem I can barely go for a walk, because I might turn the wrong corner and find myself ‘abroad’, ie, in Arab territory. Essentially it’s the same everywhere. On top of that, they treat the Arabs, those still here, in a way that in itself would be enough to rally the whole world against Israel.”
  • Within the culture of German memory politics the Holocaust is treated as singular; it is understood as a historical exception
  • his exception-to-history mentality has the effect of placing the Holocaust outside of history altogether, which allows the German government to espo
  • By making the comparison between a Nazi-occupied ghetto and Gaza before 7 October, Gessen is making a political argument meant to invoke historical memory and draw attention to concepts like genocide, crimes against humanity and “never again”, which emerged out of the second world war.
  • For Arendt, the political emancipation of the bourgeoisie was the cornerstone of the modern nation-state, in which political laws were governed by the private interests of businessmen who had found it necessary to take over the apparatus of the state in order to deploy the military in their colonial ventures
  • In exile in Paris from 1933 until she was interned in 1940, she worked to help Jewish youth escape to Palestine and even went there in 1935 with Youth Aliyah.
  • he said she only wanted to do Jewish work to help the Jewish people, because her mother had taught her that when one is attacked as a Jew one must fight back as a Jew
  • She was attacked at the conference for calling for a rejection of Ben-Gurion’s vision
  • in 1948, she joined Albert Einstein and Sidney Hook among others in signing a letter published in the New York Times to protest against Menachem Begin’s visit to America, comparing his “Freedom” party “to the organization, methods, political philosophy and social appeal to the Nazi and Fascist Parties”.
  • Hannah Arendt would not qualify for the Hannah Arendt prize. She would be cancelled in Germany today for her political position on Israel and opinions about contemporary Zionism, which she remained critical of from 1942 until her death in 1975
  • while antisemitism as an ideology was central to the organization of the masses, it was not the only political factor at play in her account.
  • Arendt was critical of the nation-state of Israel from its founding, in part because she was worried that the state would exhibit the worst tendencies of the European nation-state
  • It was this co-option of the nation, and transformation of the nation into a nation-state by private economic interests that lay at the heart of her understanding. And what she emphasized – and was criticized for – was the argument that antisemitism was being used politically by the nation-state in order to further its political and economic interests.
  • Of course Eichmann had been antisemitic, she argued, but his hatred of the Jewish people was not his primary motivation. Instead, she argued it was his commonplace hubris that made him want to ascend the ranks of the Third Reich
  • She argued that this was the banality of evil, and defined the banality of evil as the inability to imagine the world from the perspective of another
  • All of which is to say, it is necessary that we as human beings be able to imagine the world from the perspective of another to prevent evil from happening, and to stand up to evil when we are confronted with it
  • right now Germany’s resolution forbids it
  • This moral obligation to compare means two things: that Germany is not allowed to continue to treat the Jewish people or Jewish history as an exception to the rule in order to justify their political support of Israel; and that all people have a right to exist freely everywhere, regardless of where they appeared in the world by chance of birth
  • The question she wrote in her notebook as she thought about how Germany should remember the war was this: “Is there a way of thinking that is not tyrannical?”
  • What Arendt meant by banality, arguing that it was the inability to imagine the world from the perspective of another, was that people had gone along with the radical shift in moral norms overnight that transformed “Thou shalt not kill” into “Thou shalt kill”, without questioning
  • Moral complexity is necessary in the face of evil
  • Perhaps the greatest irony of reality today is that the rhetoric of Germany’s “antiantisemitism” is being used to justify the mass slaughter of Palestinian people, while having the effect of actually increasing antisemitism and making Jewish people less safe everywhere.
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He Turned 55. Then He Started the World's Most Important Company. - WSJ - 0 views

  • You probably use a device with a chip made by TSMC every day, but TSMC does not actually design or market those chips. That would have sounded completely absurd before the existence of TSMC. Back then, companies designed chips that they manufactured themselves. Chang’s radical idea for a great semiconductor company was one that would exclusively manufacture chips that its customers designed. By not designing or selling its own chips, TSMC never competed with its own clients. In exchange, they wouldn’t have to bother running their own fabrication plants, or fabs, the expensive and dizzyingly sophisticated facilities where circuits are carved on silicon wafers.
  • The innovative business model behind his chip foundry would transform the industry and make TSMC indispensable to the global economy. Now it’s the company that Americans rely on the most but know the least about
  • I wanted to know more about his decision to start a new company when he could have stopped working altogether. What I discovered was that his age was one of his assets. Only someone with his experience and expertise could have possibly executed his plan for TSMC. 
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  • “I could not have done it sooner,” he says. “I don’t think anybody could have done it sooner. Because I was the first one.” 
  • By the late 1960s, he was managing TI’s integrated-circuit division. Before long, he was running the entire semiconductor group. 
  • He transferred to the Massachusetts Institute of Technology, where he studied mechanical engineering, earned his master’s degree and would have stayed for his Ph.D. if he hadn’t failed the qualifying exam. Instead, he got his first job in semiconductors and moved to Texas Instruments in 1958
  • he came along as the integrated circuit was being invented, and his timing couldn’t have been any better, as Chang belonged to the first generation of semiconductor geeks. He developed a reputation as a tenacious manager who could wring every possible improvement out of production lines, which put his career on the fast track.
  • Chang grew up dreaming of being a writer—a novelist, maybe a journalist—and he planned to major in English literature at Harvard University. But after his freshman year, he decided that what he actually wanted was a good job
  • “They talk about life-work balance,” he says. “That’s a term I didn’t even know when I was their age. Work-life balance. When I was their age, if there was no work, there was no life.” 
  • These days, TSMC is investing $40 billion to build plants in Arizona, but the project has been stymied by delays, setbacks and labor shortages, and Chang told me that some of TSMC’s young employees in the U.S. have attitudes toward work that he struggles to understand. 
  • Chang says he wouldn’t have taken the risk of moving to Taiwan if he weren’t financially secure. In fact, he didn’t take that same risk the first time he could have.
  • “The closer the industry match,” they wrote, “the greater the success rate.” 
  • By then, Chang knew that he wasn’t long for Texas Instruments. But his stock options hadn’t vested, so he turned down the invitation to Taiwan. “I was not financially secure yet,” he says. “I was never after great wealth. I was only after financial security.” For this corporate executive in the middle of the 1980s, financial security equated to $200,000 a year. “After tax, of course,” he says. 
  • Chang’s situation had changed by the time Li called again three years later. He’d exercised a few million dollars of stock options and bought tax-exempt municipal bonds that paid enough for him to be financially secure by his living standards. Once he’d achieved that goal, he was ready to pursue another one. 
  • “There was no certainty at all that Taiwan would give me the chance to build a great semiconductor company, but the possibility existed, and it was the only possibility for me,” Chang says. “That’s why I went to Taiwan.” 
  • Not long ago, a team of economists investigated whether older entrepreneurs are more successful than younger ones. By scrutinizing Census Bureau records and freshly available Internal Revenue Service data, they were able to identify 2.7 million founders in the U.S. who started companies between 2007 and 2014. Then they looked at their ages.
  • The average age of those entrepreneurs at the founding of their companies was 41.9. For the fastest-growing companies, that number was 45. The economists also determined that 50-year-old founders were almost twice as likely to achieve major success as 30-year-old founders, while the founders with the lowest chance of success were the ones in their early 20s
  • “Successful entrepreneurs are middle-aged, not young,” they wrote in their 2020 paper.  
  • Silicon Valley’s venture capitalists throw money at talented young entrepreneurs in the hopes they will start the next trillion-dollar company. They have plentiful energy, insatiable ambition and the vision to peek around corners and see the future. What they don’t typically have are mortgages, family obligations and other adult responsibilities to distract them or diminish their appetite for risk. Chang himself says that younger people are more innovative when it comes to science and technical subjects. 
  • But in business, older is better. Entrepreneurs in their 40s and 50s may not have the exuberance to believe they will change the world, but they have the experience to know how they actually can. Some need years of specialized training before they can start a company. In biotechnology, for example, founders are more likely to be college professors than college dropouts. Others require the lessons and connections they accumulate over the course of their careers. 
  • one more finding from their study of U.S. companies that helps explain the success of a chip maker in Taiwan. It was that prior employment in the area of their startups—both the general sector and specific industry—predicted “a vastly higher probability” of success.
  • Chang was such a workaholic that he made sales calls on his honeymoon and had no patience for those who didn’t share his drive
  • Morris Chang had 30 years of experience in his industry when he decided to uproot his life and move to another continent. He knew more about semiconductors than just about anyone on earth—and certainly more than anyone in Taiwan. As soon as he started his job at the Industrial Technology Research Institute, Chang was summoned to K.T. Li’s office and given a second job. “He felt I should start a semiconductor company in Taiwan,”
  • “I decided right away that this could not be the kind of great company that I wanted to build at either Texas Instruments or General Instrument,”
  • TI handled every part of chip production, but what worked in Texas would not translate to Taiwan. The only way that he could build a great company in his new home was to make a new sort of company altogether, one with a business model that would exploit the country’s strengths and mitigate its many weaknesses.
  • Chang determined that Taiwan had precisely one strength in the chip supply chain. The research firm that he was now running had been experimenting with semiconductors for the previous 10 years. When he studied that decade of data, Chang was pleasantly surprised by Taiwan’s yields, the percentage of working chips on silicon wafers. They were almost twice as high in Taiwan as they were in the U.S., he said. 
  • “People were ingrained in thinking the secret sauce of a successful semiconductor company was in the wafer fab,” Campbell told me. “The transition to the fabless semiconductor model was actually pretty obvious when you thought about it. But it was so against the prevailing wisdom that many people didn’t think about it.” 
  • Taiwan’s government took a 48% stake, with the rest of the funding coming from the Dutch electronics giant Philips and Taiwan’s private sector, but Chang was the driving force behind the company. The insight to build TSMC around such an unconventional business model was born from his experience, contacts and expertise. He understood his industry deeply enough to disrupt it. 
  • “TSMC was a business-model innovation,” Chang says. “For innovations of that kind, I think people of a more advanced age are perhaps even more capable than people of a younger age.”
  • the personal philosophy that he’d developed over the course of his long career. “To be a partner to our customers,” he says. That founding principle from 1987 is the bedrock of the foundry business to this day, as TSMC says the key to its success has always been enabling the success of its customers.  
  • TSMC manufactures chips in iPhones, iPads and Mac computers for Apple, which manufactures a quarter of TSMC’s net revenue. Nvidia is often called a chip maker, which is curious, because it doesn’t make chips. TSMC does. 
  • Churning out identical copies of a single chip for an iPhone requires one TSMC fab to produce more than a quintillion transistors—that is, one million trillions—every few months. In a year, the entire semiconductor industry produces “more transistors than the combined quantity of all goods produced by all other companies, in all other industries, in all human history,” Miller writes. 
  • I asked how he thought about success when he moved to Taiwan. “The highest degree of success in 1985, according to me, was to build a great company. A lower degree of success was at least to do something that I liked to do and I wanted to do,” he says. “I happened to achieve the highest degree of success that I had in mind.” 
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There has never been more music made - but most artists go hungry - 0 views

  • “Fifteen years ago,” says Will Burgess, of Practise Music, a management company, “if you wanted to record a song you needed two days in a studio, at £400 a day, plus a sound engineer at £100 a day. That’s the cost of a laptop, on which you can make unlimited amounts of music today.”
  • These days you don’t need to be able to play a musical instrument to be a musician and you don’t need a studio. All you need is a computer. “I’ve created songs that have gone to No 1 in my daughter’s bedroom downstairs,” says Crispin Hunt, former lead singer of the Longpigs and now a songwriter who has worked with Lana Del Rey, Rod Stewart and Ellie Goulding.
  • You can sketch out a musical idea on a laptop, you can add instrumentation, you can record your own vocals. If you want to collaborate with others around the world, no problem: when Luke Sital-Singh, a singer-songwriter who works in London, needs drums, he asks a friend with a studio in Lewes to send the files to his computer. He’s working with a guitarist in Santa Fe, to whom he sends a rough version of the song; his collaborator sends him back a guitar track.
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  • Special effects software can give your music all sorts of subtle vibes. For $299, for instance, you can make your song sound as though it was recorded in Sound City Studios in Los Angeles, on the $20,000 vintage microphones with the $100,000 mixing console that recorded Fleetwood Mac and Nirvana. For $259 you can simulate the Beatles’ Abbey Road Studios
  • In the past, when you assembled all the tracks for a song, it would have to be mixed and mastered in a studio by a sound engineer adjusting the levels. Now an app will do it for you.
  • Now, all you need to do is get the files uploaded to streaming services. If you are signed with a label, they will do that for you, but you don’t need a record deal to do that. There are companies such as DistroKid that act as postmen: for £17.99 a year, you can ensure that the song you created in your bedroom is available on multiple streaming platforms.
  • Some artists thrive on social media. It suits lively, quirky performers like Ryder, and artists who want to experiment with different genres. Mxmtoon, a 23-year-old American YouTuber, singer-songwriter and ukulele player, is also a streamer on Twitch, a platform on which people watch others playing online games, has published graphic novels and made a podcast. Maia — the artist’s name — describes mxmtoon as “a multi-hyphenated project”.
  • More traditional musicians struggle with some aspects of tech. “We get together,” says Sital-Singh of his contemporaries in the business, “and have a little moan about how everyone’s telling us to do TikTok and we can’t bring ourselves to dance and we feel old and decrepit.”
  • Even digital natives struggle sometimes: “I already have nostalgia for a simpler past, even though I’m 23,” says Maia. “It’s exciting but it does put so much pressure on a normal individual to be an entrepreneur to advertise their own personal brand.”
  • Journalists, regrettably, no longer have the power they once did. What matters these days is social media. The A&R (artists and repertoire) people at record companies who would once have hung out in basement clubs scouting for new talent now sit in meetings examining the data on artists’ social media performance.
  • Now that the whole world’s music is available all over the world at the click of a play button, there’s a greater diversity among top-selling artists.
  • People making videos of themselves performing or dancing to the song on TikTok helped propel it to the stratosphere. It has been streamed a billion times. Sethi now plays to packed venues in America and Europe; last year, he performed at Coachella, America’s Glastonbury. “Without digital technology I would be a south Asian indy musician, working on the fringes of Bollywood,” he says from his home in New York.
  • For musicians, it’s more ambiguous. Because the costs of making music are lower, anybody with ambition can have a go. Many more people, as a result, are getting into the music business. According to PPL, the organisation which distributes money to music performers and rights-holders, the number of registered artists has risen from 61,310, when the industry was at its nadir, to 165,039 last year.
  • That makes the business fiercely competitive. As Will Page, former chief economist at Spotify and author of Tarzan Economics, points out, around 100,000 tracks are being uploaded on to Spotify every day: that’s more than were released in an entire calendar year in the 1980s
  • That has cemented the power of the record companies. When the digital revolution started, it was widely expected that record labels would cease to exist, and be replaced by a model in which everybody promoted and distributed their own music. That’s not what has happened: because it’s so difficult to get noticed, embryonic stars need record labels to promote them.
  • A label invests in the production of the music, the styling of the band, video content, interviews, touring and the crucial business of getting a song on a streaming service’s playlist that suggests the song to listeners to suit their tastes. Artists that are signed with major labels get paid more, per stream, than those that aren’t.
  • Three quarters of streamed tracks have one of the major record labels behind them. And even though streaming is booming, it doesn’t contribute much to the incomes of the vast majority of artists.
  • Most artists stay hungry. A single stream will earn a musician anywhere between 0.1p and 2.4p. Crispin Hunt reckons that on average a million streams for a song — a wild ambition for most musicians — will, if you have to pay a cut to a record company, probably make you £1,000
  • If you’ve then got to pay your manager 20 per cent, and divide the rest between the four band members, “it barely pays for a Sainsbury’s shop. That’s why music is dominated by middle-class people called Crispin whose parents can afford to buy them an electric guitar and a laptop.”
  • For Christie Gardner, half of Lilo, a two-woman band, it helps planning gigs. “You can see where your listeners are and you can tell what they’re listening to. We make decisions about shows on that basis.” But for most bands, the economics of live performance are pretty grim.
  • Deathcrash’s manager Joe Taylor says that the band has been offered the opportunity of a European tour supporting a much bigger act. It would be good for their career but not their bank balance. The fees per show would be €200; once the costs of a sound engineer, a tour van, a driver, fuel, hotels and a carnet for importing musical instruments into the EU had been factored in, they would lose £15,000.
  • music has always been an uneconomic business, which people subsidise through other activities. The fiddler in the village pub probably worked in the fields in the daytime and played for money and fun in the evenings and at the weekend, rather as Ryder ran a juice bar and sang at weddings. These days, there is also the wafer-thin chance that they might end up being one of the 1,200 artists who make more than $1 million a year on Spotify
  • There are some signs that in the new musical economy, the balance of power between artists and the big record companies may have tipped slightly in the artists’ favour
  • the share of streaming revenues going to artists increased from 19.7 per cent to 23.3 per cent between 2012 and 2021 and that going to songwriters has risen from 8 per cent in 2008 to 15 per cent in 2021. “Outcomes for consumers, artists and songwriters,” it concludes, “are getting better.”
  • Most of the extra revenues generated by streaming are going to the top earners. But the stars are not the only ones benefiting. Between 2017 and 2022, the number of artists earning over $1 million on Spotify more than doubled, but so did the number earning over $10,000
  • more than two fifths of artists who release their own music aren’t expecting to make a full-time career. They’re in it for fun, for the love of it, or to be able to show their mum that they have released a song on Spotify.
  • It seems likely that the more music is being created, the greater the chance that wonderful tunes are being written, but it’s not necessarily the case. The best stuff might get buried under a mound of mediocrity.
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Why Israelis Are So Happy - WSJ - 0 views

  • You might have seen reports that America has fallen out of the top 20 countries on the 2024 World Happiness Index. They probably didn’t mention that Israel finished fifth, behind Finland, Denmark, Iceland and Sweden.
  • Don’t confuse “happiness” with “comfort” or “self-indulgence.” Israelis began 2023 polarized politically—only to be united by Hamas’s invasion. Amid unspeakable suffering, Israelis have found comfort in one another and a higher calling
  • That dance between the individual and the collective begins long before birth. It spawns Israelis’ high levels of “trust, benevolence, and social connections,” which, as the 2023 happiness report emphasized, nurture “well-being,” even “in times of crisis.”
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  • Israelis pursue happiness through family and community, by feeling rooted and having a sense of purpose. My son Yoni got married in Jerusalem midwar, while serving in the military reserves. He notes that “Israelis grow up with many outside influences, many adult role models, not just their parents. It starts with our large weddings, when you’re blessed to ‘build a faithful home in Israel.’ ”
  • Alexis de Tocqueville called families the backbone of healthy democracies. Family inculcates loyalty, commitment and self-sacrifice. Belonging to communities—extended families—teaches citizens to care about and cooperate with others.
  • Despite disagreeing passionately, Israelis live in an intimate society that runs on trust and generates hope. Israelis feel they’re never alone, and that their relatives and friends will never abandon them.
  • Living in what Zionism’s founder, Theodor Herzl, called Altneuland, old-new land, Israelis don’t count in days and decades but in millennia and eternity. They feel part of a bigger story, Jews’ historical saga reaching back 3,500 years.
  • The pain punctuating this story helps transcend passing traumas. Even as most Israelis experienced Hamas’s Oct. 7 killing spree as a Jewish event, powered by centuries of Jew-hatred, Israelis recall many redemptive moments too. Israelis’ favorite holidays, including Hanukkah, Passover, and Independence Day, re-enact this reassuring oppression-to-liberation arc.
  • Compare anti-Israel progressive students with their Israeli soldier peers. Many protesters are the avatars of America’s lost generation. Their pinched ideology deems the U.S. systemically racist and is intent on sorting everyone by “gender identity” and skin color. Rather than optimistically expand America’s economy for all, they pessimistically compete for reparations and indulgences—their “restorative justice” is often more vengeful than just.
  • These illiberal liberals trash traditional families, religion and America’s noble story of a flawed nation becoming “a more perfect union.” These campus commissars are among the unhappy Americans the surgeon general sees in the depths of loneliness and despair.
  • Israelis didn’t seek this war—but when attacked, they unleashed a patriotism, idealism, self-sacrifice and grit that today’s regressive progressives scorn. Israelis’ resilience, duty and love of life explain how this often polarized and besieged society remains such a happy place
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More Young People Are on Multiple Psychiatric Drugs, Study Finds - The New York Times - 0 views

  • The study, published Friday in JAMA Open Network, looked at the prescribing patterns among patients 17 or younger enrolled in Medicaid from 2015 to 2020 in a single U.S. state that the researchers declined to name. In this group, there was a 9.5 percent increase in the prevalence of “polypharmacy,” which the study defined as taking three or more different classes of psychiatric medications, including antidepressants, mood-stabilizing anticonvulsants, sedatives and drugs for A.D.H.D. and anxiety drugs.
  • One recent paper drew data from the National Ambulatory Medical Care Survey and found that in 2015, 40.7 percent of people aged 2 to 24 in the United States who took a medication for A.D.H.D. also took a second psychiatric drug. That figure had risen from 26 percent in 2006.
  • at least in one state, the practice continues to grow and “was significantly more likely among youths who were disabled or in foster care,” the new study noted.
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  • The latest study looked at data from 126,972 people over the study period. It found that in 2015, 4.2 percent of Medicaid enrollees under the age of 17 in Maryland had overlapping prescriptions of three or more different classes of psychiatric medications. That figure rose to 4.6 percent in 2020.
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Immigration powered the economy, job market amid border negotiations - The Washington Post - 0 views

  • There isn’t much data on how many of the new immigrants in recent years were documented versus undocumented. But estimates from the Pew Research Center last fall showed that undocumented immigrants made up 22 percent of the total foreign-born U.S. population in 2021. That’s down compared to previous decades: Between 2007 and 2021, the undocumented population fell by 14 percent, Pew found. Meanwhile, the legal immigrant population grew by 29 percent.
  • immigrant workers are supporting tremendously — and likely will keep powering for years to come.
  • The economy is projected to grow by $7 trillion more over the next decade than it would have without new influxes of immigrants, according to the CBO.
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  • Fresh estimates from the Congressional Budget Office this month said the U.S. labor force in 2023 had grown by 5.2 million people, thanks especially to net immigration
  • The sudden snapback in demand sent inflation soaring. Supply chain issues were a main reason prices rose quickly. But labor shortages posed a problem, too, and economists feared that rising wages — as employers scrambled to find workers — would keep price increases dangerously high.
  • he flow of migrants to the United States started slowing during the Trump administration, when officials took hundreds of executive actions designed to restrict migration.
  • Right before the pandemic, there were about 1.5 million fewer working-age immigrants in the United States than pre-2017 trends would have predicted, according to the San Francisco Fed. By the end of 2021, that shortfall had widened to about 2 million
  • But the economy overall wound up rebounding aggressively from the sudden, widespread closures of 2020, bolstered by historic government stimulus and vaccines that debuted faster than expected.
  • economy grow. But today’s snapshot still represents a stark turnaround from just a short time ago.
  • That’s because the labor force that emerged as the pandemic ebbed was smaller than it had been: Millions of people retired early, stayed home to take over child care or avoid getting sick, or decided to look for new jobs entirely
  • In the span of a year or so, employers went from having businesses crater to sprinting to hire enough staff to keep restaurants, hotels, retail stores and construction sites going. Wages for the lowest earners rose at the fastest pace.
  • About the same time, the path was widening for migrants to cross the southern border, particularly as the new Biden administration rolled back Trump-era restrictions.
  • Experts argue that the strength of the U.S. economy has benefited American workers and foreign-born workers alike. Each group accounts for roughly half of the labor market’s impressive year-over-year growth since January 2023
  • But the past few years were extremely abnormal because companies were desperate to hire.
  • lus, it would be exceedingly difficult for immigration to affect the wages of enormous swaths of the labor force,
  • “What it can do is lower the wages of a specific occupation in a specific area, but American workers aren’t stupid. They change jobs. They change what they specialize in,” Nowrasteh said. “So that’s part of the reason why wages don’t go down.”
  • In normal economic times, some analysts note, new immigrants can drag down wages, especially if employers decide to hire them over native-born workers. Undocumented workers, who don’t have as much leverage to push for higher pay, could lower average wages even more.
  • Particularly for immigrants fleeing poorer countries, the booming U.S. job market and the promise of higher wages continue to be an enormous draw.
  • “More than any immigration policy per se, the biggest pull for migrants is the strength of the labor market,” said Catalina Amuedo-Dorantes, an economics professor at the University of California at Merced. “More than any enforcement policy, any immigration policy, at the end of the day.”
  • Upon arriving in Denver in October, Santander hadn’t acquired a work permit but needed to feed his small children. Even without authorization, he found a job as a roofer for a contractor that ultimately pocketed his earnings, then one cleaning industrial refrigerators on the overnight shift for $12 an hour. Since receiving his work permit in January, Santander has started “a much better job” at a wood accessories manufacturer making $20 an hour.
  • But for the vast majority of migrants who arrive in the United States without prior approval, including asylum seekers and those who come for economic reasons, getting a work permit isn’t easy.
  • Federal law requires migrants to wait nearly six months to receive a work permit after filing for asylum. Wait times can stretch for additional months because of a backlog in cases.
  • While they wait, many migrants find off-the-books work as day laborers or street vendors, advocates say. Others get jobs using falsified documents, including many teenagers who came into the country as unaccompanied minors.
  • Still, many migrants miss the year-long window to apply for asylum — a process that can cost thousands of dollars — leaving them with few pathways to work authorization, advocates say. Those who can’t apply for asylum often end up working without official permission in low-wage industries where they are susceptible to exploitation.
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How 'Surf City USA' became California's MAGA stronghold - The Washington Post - 0 views

  • Huntington Beach, one of Orange County’s largest cities, has long been associated with conservative beliefs, but its evolution in recent years shows how the bitter polarization of national politics has crept into even the most mundane municipal matters.
  • “It’s the tipping on its head of the old notion that all politics is local. Now, all politics are national, and I think the overall effect of that is really destructive,” said Jim Newton, a public policy lecturer at UCLA and editor of Blueprint magazine. “It takes a sharply divided country at the national level and drags that down into local disputes.”
  • Spurred by those early oil booms, the city embraced development and corporate interests, said Chris Jepsen, the president of the Orange County Historical Society, earning it “a reputation for being pro-business and ardently pro-property rights.”
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  • “Politics, Democratic or Republican, were not particularly important,” said Tom Harman, a former Republican state senator who got his start on the city council in the 1990s. “People didn’t run on party preference. They ran on what they could do in the community and how they could make the city a better place to live.”
  • It had long been a destination for surfing, but officials in the ’90s began leaning into that reputation to court the tourism industry. Huntington Beach became “Surf City USA,” a moniker pulled from a chart-topping song.
  • Two high-profile acts of white-supremacist violence — the shooting of a Black man in 1994, and the stabbing of a Native American man two years later — prompted the city to crack down on the groups who had flocked from across Southern California.
  • City police stepped up patrols, the council passed a human dignity policy condemning hate crimes, and officials started a human relations commission to combat bigotry. Ken Inouye, the founding chair of that task force and a 51-year resident of Huntington Beach, said residents from across the city “came together because we knew we were better than that.”
  • Both efforts were reversed when the current Republican majority took over the council.
  • In recent decades, sweeping demographic change has pushed Orange County to the left. But those shifts have been more subtle in Huntington Beach, and the city has retained its rightward lean. Unlike the county’s other largest cities, most residents are White and Republicans still account for the plurality of Huntington Beach’s registered voters.
  • During Donald Trump’s presidency, residents bridled at California’s pandemic restrictions, much as Trump did. Fierce protests became common, with crowds clogging the pier and Pacific Coast Highway to shout down coronavirus precautions or cheer Trump. Some of the rallies were organized by white-supremacist groups and turned violent.
  • Another inflection point came in 2021, when former mixed martial arts fighter and hard-right council member Tito Ortiz resigned from his post and the remaining members appointed a Democrat, Rhonda Bolton, in his stead. The move infuriated city Republicans, who wanted Ortiz replaced with an ideological equal.
  • “The tone of political rhetoric has gotten coarser and sillier as time has worn on,” she said. “And Huntington Beach is a reflection of what’s happening nationally.”
  • Carol Daus, who has lived in the city nearly three decades, said the council’s focus on contentious cultural debates has divided the community, pitting neighbors against neighbors. One example of the acrimony: Protect HB has hung posters across the city urging a “No” vote on the March ballot measures, but some 40 of those signs were recently vandalized with large green “Yes” stickers.
  • “This city during the past several years, following the Trump administration and covid lockdown, was like a volcano ready to explode,” Daus said. “And now it has.”
  • “I feel duped,” said Sue Welfringer, a longtime Huntington Beach resident and registered Republican. She voted for the four-person conservative slate because she liked their stances on homelessness and limiting development, but mostly she appreciated that they got along with each other.
  • “I almost don’t even want to vote at all because I don’t want to make another terrible mistake I regret,” said Welfringer, who opposes the council’s stances on issues like LGBTQ rights and voter ID. “I feel like they had a hidden agenda. And now I’m also worried what else is on their hidden agenda. I’m afraid to know what big issue is next.”
  • “Ideally, it would be wonderful if we could just focus on the roads and infrastructure,” he said. “But I think we’re in a time now where there really isn’t any such thing as a nonpartisan local focus anymore.”
  • But this dynamic has turned city council meetings into routine spectacles, where public comment drags on for hours and speakers hurl invectives at the seven members sitting on the dais.
  • Butch Twining, a candidate for city council, is one of three conservatives looking to build on the Republican majority, campaigning as a slate to replace Bolton and the council’s other two liberal members in November. A victory would give conservatives a 7-0 vise grip on the council.
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I Am Sorry But Joe Biden Crushed It in Michigan - 0 views

  • Damon Linker has the most thoughtful meditation I’ve read on Aaron Bushnell, the airman who set himself on fire in front of the Israeli embassy this weekend.
  • before we get to that, I want to put in front of you Linker’s definition of small-l liberalism:
  • I’m fully committed to the liberal project of domesticating and taming the most intense political passions, ultimately channeling them into representative political institutions, where they are forced to reach accommodation and compromise with contrary views held by other members of the polity.
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  • Linker’s description of Bushnell’s options and actions is measured and not without some respect:
  • Damon hops off the bus at the same point I do: Bushnell displayed a tremendous amount of courage, yes. But this was mated to an absolute moral certainty.
  • Every society needs both, because that is how we conserve our achievements while still working toward a more perfect order.
  • [Bushnell’s] choice of that word to describe Israel means he followed the “anti-colonial left” in viewing the interminable conflict in and around the Jewish state through the lens of Western imperialism across the “global south.” Viewed in this way, Israelis are rapacious oppressors, exploiters, unjustly stealing from the Palestinians, occupying their land, not just in the territories of the West Bank that are occupied under international law but likely in its entirety. That’s certainly how Hamas views the situation, with an added overlay of Islamist theofascism.
  • What would it be like, I wonder, to live in a world so morally simple, so neat and tidy, so devoid of tragic clashes, so orderly, with its heroes and villains, its Children of Light and its Children of Darkness? I really wouldn’t know. Because the world I inhabit is one permeated by ambiguity and people with mixed motives who are often (usually?) torn between competing moral considerations and imperatives, not a world divided between the absolutely good and the absolutely evil. The line between good and evil doesn’t run between East and West, or North and South, or white and black, or Israel and Palestine. It runs right through every human heart. Or at least most hearts.
  • This is where liberalism and conservatism meet, in the most elemental sense. The conservative impulse is to be suspicious of change because you are aware that things can always get worse, that systems are often too complex to be understood, that tail risk rules the world. The liberal impulse is to believe that agency is precious, that the world can be improved, that progress is both possible and desirable.
  • Linker notes that Bushnell referred to Israelis as “colonizers”:
  • Every governing system needs both, because that is how we channel passions out of the street and into political institutions.
  • And every person needs both, because that is how we avoid the epistemic certainty that can drive us to extremes of exuberance or despair.
  • The war in Gaza is a textbook example of the dangers of epistemic certainty, because it is too complicated, freighted with too much history, and too full of horrors to fit neatly on one side of the ledger or the other.
  • The 10/7 attack was an act of unconstrained barbarism that made it impossible for Israel to coexist with Hamas. Or at least: I am not aware of any proposed remedy that would have made coexistence possible without Israel becoming a fully militarized, illiberal state.
  • The Israeli response has at times violated the rules of war—sometimes of its own volition and sometimes because Hamas’s strategy has been to position assets in such a manner as to result in the deaths of as many Palestinian civilians as possible.
  • The suffering of the Palestinian people is real and of a magnitude that is almost impossible to comprehend.
  • And yet, the war continues because Hamas has no interest in a ceasefire. “We are not interested in engaging with what’s been floated, because it does not fulfill our demands,” one Hamas official told the media yesterday.
  • The world is messy. Life is messy. Often in ways which break the human heart. The project of liberal society, which requires equal measures of liberalism and conservatism, is to manage this messiness as well as possible.
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It's not just vibes. Americans' perception of the economy has completely changed. - ABC... - 0 views

  • Applying the same pre-pandemic model to consumer sentiment during and after the pandemic, however, simply does not work. The indicators that correlated with people's feelings about the economy before 2020 no longer seem to matter in the same way
  • As with so many areas of American life, the pandemic has changed virtually everything about how people think about the economy and the issues that concern them
  • Prior to the pandemic, our model shows consumers felt better about the economy when the personal savings rate, a measure of how much money households are able to save rather than spend each month, was higher. This makes sense: People feel better when they have money in the bank and are able to save for important purchases like cars and houses.
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  • Before the pandemic, a number of variables were statistically significant indicators for consumer sentiment in our model; in particular, the most salient variables appear to be vehicle sales, gas prices, median household income, the federal funds effective rate, personal savings and household expenditures (excluding food and energy).
  • During the pandemic, the personal savings rate soared. In April 2020, the metric was nearly double its previous high, recorded in May 1975.
  • All this taken together meant Americans were flush with cash but had nowhere to spend it. So despite the fact that the savings rate went way up, consumers still weren't feeling positively about the economy — contrary to the relationship between these two variables we saw in the decades before the pandemic.
  • Fast forward to 2024, and the personal savings rate has dropped to one of its lowest levels ever (the only time the savings rate was lower was in the years surrounding the Great Recession)
  • during and after the pandemic, Americans saw some of the highest rates of inflation the country has had in decades, and in a very short period of time. These sudden spikes naturally shocked many people who had been blissfully enjoying slow, steady price growth their entire adult lives. And it has taken a while for that shock to wear off, even as inflation has cre
  • the numbers align with our intuitive sense of how consumers process suddenly having their grocery store bill jump, as well as the findings from our model. In simple terms: Even if inflation is getting better, Americans aren't done being ticked off that it was bad to begin with.
  • surprisingly, our pre-pandemic model didn't find a notable relationship between housing prices and consumer sentiment
  • However, in our post-pandemic data, when we examined how correlated consumer sentiment was with each indicator we considered, consumer sentiment and median housing prices had the strongest correlation of all****** (a negative one, meaning higher prices were associated with lower consumer sentiment)
  • during the pandemic, low interest rates, high savings rates and changes in working patterns — namely, many workers' newfound ability to work from home — helped overheat the homebuying market, and buyers ran headlong into an enduring supply shortage. There simply weren't enough houses to buy, which drove up the costs of the ones that were for sale.
  • That's true even if a family has been able to save enough for a down payment, already a difficult task when rents remain high as well. Fewer people are able to cover their current housing costs while saving enough to make a down payment.
  • Low-income households are still the most likely to be burdened with high rents, but they're not the only ones affected anymore. High rents have also begun to affect those at middle-income levels as well.
  • In short, there was already a housing affordability crisis before the pandemic. Now it's worse, locking a wider array of people, at higher and higher income levels, out of the home-buying market
  • People who are renting but want to buy are stuck. People who live in starter homes and want to move to bigger homes are stuck. The conditions have frustrated a fundamental element of the American dream
  • In our pre-pandemic model, total vehicle sales had a strong positive relationship with consumer sentiment: If people were buying cars, you could pretty reasonably bet that they felt good about the economy. This feels intuitive — who buys a car if they think the economy
  • Cox Automotive also tracks vehicle affordability by calculating the estimated number of weeks' worth of median income needed to purchase the average new vehicle, and while that number has improved over the last two years, it remains high compared to pre-pandemic levels. In April, the most recent month with data, it took 37.7 weeks of median income to purchase a car, compared with fewer than 35 weeks at the end of 2019.
  • "Right before the pandemic, the typical average transaction price was around $38,000 for a new car. By 2023, it was $48,000," Schirmer said. This could all be contributing to the break in the relationship between car sales and sentiment, he noted. Basically, people might be buying cars, but they aren't necessarily happy about it.
  • Inspired by our model of economic indicators and sentiment from 1987 to 2019, we tried to train a similar linear regression model on the same data from 2021 to 2024 to more directly compare how things changed after the pandemic. While we were able to get a pretty good fit for this post-pandemic model,******* something interesting happened: Not a single variable showed up as a statistically significant predictor of consumer sentiment.
  • This suggests there's something much more complicated going on behind the scenes: Interactions between these variables are probably driving the prediction, and there's too much noise in this small post-pandemic data set for the model to disentangle i
  • Changes in the kinds of purchases we've discussed — homes, cars and everyday items like groceries — have fundamentally shifted the way Americans view how affordable their lives are and how they measure their quality of life.
  • Even though some indicators may be improving, Americans are simply weighing the factors differently than they used to, and that gives folks more than enough reason to have the economic blues.
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OpenAI Whistle-Blowers Describe Reckless and Secretive Culture - The New York Times - 0 views

  • A group of OpenAI insiders is blowing the whistle on what they say is a culture of recklessness and secrecy at the San Francisco artificial intelligence company, which is racing to build the most powerful A.I. systems ever created.
  • The group, which includes nine current and former OpenAI employees, has rallied in recent days around shared concerns that the company has not done enough to prevent its A.I. systems from becoming dangerous.
  • The members say OpenAI, which started as a nonprofit research lab and burst into public view with the 2022 release of ChatGPT, is putting a priority on profits and growth as it tries to build artificial general intelligence, or A.G.I., the industry term for a computer program capable of doing anything a human can.
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  • They also claim that OpenAI has used hardball tactics to prevent workers from voicing their concerns about the technology, including restrictive nondisparagement agreements that departing employees were asked to sign.
  • “OpenAI is really excited about building A.G.I., and they are recklessly racing to be the first there,” said Daniel Kokotajlo, a former researcher in OpenAI’s governance division and one of the group’s organizers.
  • Other members include William Saunders, a research engineer who left OpenAI in February, and three other former OpenAI employees: Carroll Wainwright, Jacob Hilton and Daniel Ziegler. Several current OpenAI employees endorsed the letter anonymously because they feared retaliation from the company,
  • At OpenAI, Mr. Kokotajlo saw that even though the company had safety protocols in place — including a joint effort with Microsoft known as the “deployment safety board,” which was supposed to review new models for major risks before they were publicly released — they rarely seemed to slow anything down.
  • So was the departure of Dr. Leike, who along with Dr. Sutskever had led OpenAI’s “superalignment” team, which focused on managing the risks of powerful A.I. models. In a series of public posts announcing his departure, Dr. Leike said he believed that “safety culture and processes have taken a back seat to shiny products.”
  • “When I signed up for OpenAI, I did not sign up for this attitude of ‘Let’s put things out into the world and see what happens and fix them afterward,’” Mr. Saunders said.
  • Mr. Kokotajlo, 31, joined OpenAI in 2022 as a governance researcher and was asked to forecast A.I. progress. He was not, to put it mildly, optimistic.In his previous job at an A.I. safety organization, he predicted that A.G.I. might arrive in 2050. But after seeing how quickly A.I. was improving, he shortened his timelines. Now he believes there is a 50 percent chance that A.G.I. will arrive by 2027 — in just three years.
  • He also believes that the probability that advanced A.I. will destroy or catastrophically harm humanity — a grim statistic often shortened to “p(doom)” in A.I. circles — is 70 percent.
  • Last month, two senior A.I. researchers — Ilya Sutskever and Jan Leike — left OpenAI under a cloud. Dr. Sutskever, who had been on OpenAI’s board and voted to fire Mr. Altman, had raised alarms about the potential risks of powerful A.I. systems. His departure was seen by some safety-minded employees as a setback.
  • Mr. Kokotajlo said, he became so worried that, last year, he told Mr. Altman that the company should “pivot to safety” and spend more time and resources guarding against A.I.’s risks rather than charging ahead to improve its models. He said that Mr. Altman had claimed to agree with him, but that nothing much changed.
  • In April, he quit. In an email to his team, he said he was leaving because he had “lost confidence that OpenAI will behave responsibly" as its systems approach human-level intelligence.
  • “The world isn’t ready, and we aren’t ready,” Mr. Kokotajlo wrote. “And I’m concerned we are rushing forward regardless and rationalizing our actions.”
  • On his way out, Mr. Kokotajlo refused to sign OpenAI’s standard paperwork for departing employees, which included a strict nondisparagement clause barring them from saying negative things about the company, or else risk having their vested equity taken away.
  • Many employees could lose out on millions of dollars if they refused to sign. Mr. Kokotajlo’s vested equity was worth roughly $1.7 million, he said, which amounted to the vast majority of his net worth, and he was prepared to forfeit all of it.
  • Mr. Altman said he was “genuinely embarrassed” not to have known about the agreements, and the company said it would remove nondisparagement clauses from its standard paperwork and release former employees from their agreements.)
  • In their open letter, Mr. Kokotajlo and the other former OpenAI employees call for an end to using nondisparagement and nondisclosure agreements at OpenAI and other A.I. companies.
  • “Broad confidentiality agreements block us from voicing our concerns, except to the very companies that may be failing to address these issues,”
  • They also call for A.I. companies to “support a culture of open criticism” and establish a reporting process for employees to anonymously raise safety-related concerns.
  • They have retained a pro bono lawyer, Lawrence Lessig, the prominent legal scholar and activist
  • Mr. Kokotajlo and his group are skeptical that self-regulation alone will be enough to prepare for a world with more powerful A.I. systems. So they are calling for lawmakers to regulate the industry, too.
  • “There needs to be some sort of democratically accountable, transparent governance structure in charge of this process," Mr. Kokotajlo said. “Instead of just a couple of different private companies racing with each other, and keeping it all secret.”
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Extreme wealth has a deadening effect on the super-rich - and that threatens us all | G... - 0 views

  • Extreme wealth can severely hamper enjoyment. As Michael Mechanic documents in his book, Jackpot, there are two groups of people who have to think about money all the time: the very poor and the very rich. Immense wealth possesses you just as much as you possess it: managing it becomes a full-time job. You don’t know whom to trust; you can start to imagine your friends aren’t friends at all; it can dominate and poison your family relationships. It can hollow you out, socially, intellectually and morally.
  • Great wealth flattens the world. If you can go anywhere and do anything, everything is over the horizon. You speed past the local and the particular, towards an endlessly escalating ideal of luxury: the better marina, the bigger yacht, the private jet, the super-home. The satisfaction horizon can retreat before you. Place has no meaning, other than as a setting that might impress the friends you no longer trust. But anyone who is impressed by money is not worth impressing.
  • I’ve met quite a few very rich people. Some are lively, curious and engaged, but among others I’ve repeatedly noticed the same thing: a dullness of spirit. There’s a sense that nothing is sufficiently stimulating to hold their attention, that they have lost their capacity for wonder
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  • For the fantasy of transcendence, of escape from connection with other lives, we are torching our life-support systems. We consent to the Earth-eating, soul-sucking mode of exploitation we call capitalism because we believe, quite wrongly, that we are all temporarily embarrassed millionaires. One day we too might live the affectless life of the ultra-rich.
  • Just as that boat owner scattered the dolphins, the very rich break up communities, deprive people of housing and threaten, ultimately, to drive us all out of the human climate niche – that is, the temperature range that enables us to flourish.
  • We should seek a wealth of community, of knowledge, of wonder, of life, of love: a wealth that does not impoverish others. We should seek not private luxury, but private sufficiency and public luxury.
  • Democracy, a fair distribution of resources, peace of mind and a habitable planet all depend on restraining the power of the very rich: their noise, their occupation of our common space, and their intrusion into all we hold dear.
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Paris Wanted a Green Olympics. Team USA Wants Air Conditioning. - WSJ - 0 views

  • That’s not to say organizers are letting athletes slow-broil for three weeks. The Village here, located just north of Paris, was built with a cooling system that runs cold water through the floors, which officials say can reduce the ambient temperature by 10 to 20 degrees Fahrenheit and achieve a target range of 73 to 79 Fahrenheit. The effort is part of the hosts’ larger plan to make Paris the greenest Olympics in modern history, which includes measures such as reducing the number of vehicles by 40% from previous Games, building fewer new venues, and cutting the Games’ carbon footprint by half compared with the average of London 2012 and Rio 2016. 
  • But for those athletes who remain unconvinced and worry about their performance being derailed by sleeping in sweatbox apartments, Paris 2024 has made air conditioning units available for hire. And there are no gold medals for guessing which delegation leads the way. 
  • The 592-strong Team USA delegation isn’t risking the slightest discomfort. Every single U.S. room and some common areas have been equipped with portable A/C units, according to a spokesman for the U.S. Olympic & Paralympic Committee. The Americans will all be able to take on any Paris heat wave by hanging out in meat-locker conditions, even though temperatures over the next 10 days aren’t expected to top 90.
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  • Out of the 7,000 rooms in the Village, 2,500 have been supplied mobile air conditioning units at the teams’ requests, a Paris 2024 spokesman said
  • Keeping cool at all times is that much more important given the erratic schedules that some of the athletes here are facing, said Carroll, the Australian Olympic committee executive. Since many athletes’ events are at night, they’ll need to sleep during the hottest part of the day. So the decision to pay for air conditioners was a no-brainer.
  • But not everyone is all-in on A/C. Germany’s Olympic sports federation will have one of the larger contingents in the village with around 350 athletes. That includes 6-foot-7½-inch decathlon medal favorite Leo Neugebauer, who recently won the NCAA title competing for the Texas Longhorns in Austin, where air conditioning isn’t merely a suggestion—it’s a way of life.
  • When Germany asked its individual sport federations if they wanted to order air conditioning units for the athletes’ village, demand for frigid air was lukewarm, according to Olympic committee spokesman Michael Schirp.
  • “A total of 11 AC have been ordered. Eleven,” he wrote, adding an emoji of a face wearing sunglasses.
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