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manhefnawi

Erik XIV | king of Sweden | Britannica.com - 0 views

  • expanded the powers of the monarchy and pursued an aggressive foreign policy that led to the Seven Years’ War of the North (1563–70) against Denmark.
  • Erik’s major foreign policy objective was to free Sweden’s Baltic Sea trade from Danish control.
  • his half brother John, duke of Finland, also sought a foothold in the east and signed a treaty with Sigismund II Augustus, king of Poland, agreeing to marry the king’s daughter against Erik’s wishes.
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  • Erik’s acquisitions in Estonia alarmed Frederick II, king of Denmark and Norway, who allied with Lübeck and Poland and declared war in 1563, initiating the Seven Years’ War of the North.
  • Duke John (later King John III), who was liberated in 1567, joined with his brother, the future Charles IX, and deposed Erik in 1568. Erik died in prison.
manhefnawi

John III | king of Sweden | Britannica.com - 0 views

  • leading to a conflict with his half brother Erik XIV, king of Sweden from 1560. Erik limited John’s authority and imprisoned him in 1563 after the Duke had acquired a base in Poland by marrying Catherine (1562), sister of Sigismund II Augustus of Poland. After his release in 1567, John joined with his younger brother, the future Charles IX of Sweden, in 1568 to overthrow Erik and secure the throne for himself.
  • In 1586 John nominated his son Sigismund, who had been brought up as a Catholic, for the vacant Polish throne but withdrew his sponsorship when the Poles demanded the return of Estonia as a condition of Sigismund’s accession.
  • John and Charles, who had contested his brother’s religious policy, became reconciled in common opposition to the nobles’ aspirations, but Sigismund nevertheless assumed the Polish throne in 1587.
Javier E

Megyn Kelly: 'Fox was not without sin' in 2016 campaign coverage - The Washington Post - 0 views

  • EWB: Well, that’s the point, I mean, I think that’s a very honest response. But you were going to be the story anyway: Why not do an Oct. 15 release date and give voters more information for a critical decision, than Nov. 15 and not give those voters that critical information? I still don’t understand.
  • KELLY: You have to understand that this isn’t just “Megyn Kelly, journalist, stumbles upon a news story.” This is “Megyn Kelly, human being, woman, mother, wife, finds herself in the middle of a news story in which her safety was in danger, her children’s safety was in danger,” and I have actual responsibilities to the people who live in my home to make sure I didn’t do anything to make our situation worse, and I took those very seriously. I did not want to do anything that would chum up those shark waters I was already swimming in. And while I thought it was important to make a historical record of what Donald Trump had done — just as a matter of First Amendment issues and presidential politics, whether he won or not I thought it was important — I didn’t feel it was necessary to endanger my own safety or my children’s safety to do that
  • KELLY: I know, Erik, but be realistic. I have a 7-, 5- and 3-year-old. We lived under armed guard for a year. We still have an armed guard. Why would I do something that might fan those flames within a month of a presidential election? How do you think that would have gone for me and my family?
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  • . I didn’t want to be part of this election at all. And to go out there and say, “I was under death threat for the entire year.” Listen, I’d said enough that people knew that. But I didn’t have to get into the specifics of my security guards and the number of death threats and the people showing up at my home. That just wasn’t necessary
  • this is not a nightly news report on “The Kelly File.” It’s a book, I mean there’s a lot in there that — it’s not something I would report at night on Fox News, but it’s my take on a situation. And I think, again, this is something that people should know took place and you don’t need the names to know that there was corruption in the coverage of this race. That was deeply problematic.
  • . Look at Donald Trump: He loves to call out individual reporters by name, which leads to major problems in those reporters’ lives. I certainly don’t want to add to that myself.
  • you don’t get to ask me why I didn’t come forward sooner until you ask me whether there was a safe avenue for reporting at my company. Only if the answer to that question is “yes” do you get to ask me why I didn’t come forward. And I say that not for myself, Erik, because I did come forward. I say that for my fellow women at Fox News, who did not. And it’s not because they’re bad people or they enjoyed it or they asked for it or it was no big deal. It’s because in many cases they were scared — they were scared of what would happen to them. It’s very easy for some men and in some cases women to sit back and say with 20-20 hindsight, “Tsk-tsk, should have done more.” But it doesn’t account for the reality.
  • And by the way, that’s another reason why when people say now, “Would you advise young women now to come forward?” I have to stop and say, “Let’s be careful about this.” Because as much as I, Megyn Kelly, with my contract and generous salary and my life all set could look back and start lecturing 23-year-old women on how they must take a stand, it would be disingenuous. Because if there’s a 23-year-old woman or a 32-year-old woman who is in the position I was in at that time, it would be career suicide for her to do more.
Javier E

Data-Driven Decisions Can Aid Companies' Productivity - NYTimes.com - 0 views

  • the data explosion is also an enormous opportunity. In a modern economy, information should be the prime asset — the raw material of new products and services, smarter decisions, competitive advantage for companies, and greater growth and productivity.
  • Is there any real evidence of a “data payoff” across the corporate world? It has taken a while, but new research led by Erik Brynjolfsson, an economist at the Sloan School of Management at the Massachusetts Institute of Technology, suggests that the beginnings are now visible.
  • studied 179 large companies. Those that adopted “data-driven decision making” achieved productivity that was 5 to 6 percent higher than could be explained by other factors, including how much the companies invested in technology, the researchers said.
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  • In the study, based on a survey and follow-up interviews, data-driven decision making was defined not only by collecting data, but also by how it is used — or not — in making crucial decisions, like whether to create a new product or service. The central distinction, according to Mr. Brynjolfsson, is between decisions based mainly on “data and analysis” and on the traditional management arts of “experience and intuition.”
  • The technology absorption lag accounts for the delayed productivity benefits, observes Robert J. Gordon, an economist at Northwestern University. “It’s never pure technology that makes the difference,” Mr. Gordon says. “It’s reorganizing things — how work is done. And technology does allow new forms of organization.”
  • The Internet, according to Mr. Gordon, qualifies as the third industrial revolution — but one that will prove far more short-lived than the previous two. “I think we’re seeing hints that we’re running through inventions of the Internet revolution,” he says.
blaise_glowiak

Refugee crisis: Norway tells 5,500 foreigners who arrived on bikes to ride back across ... - 0 views

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    Norway is preparing to send over 5,500 refugees who crossed into the country from Russia on bicycles last year back across the border by the same mode of transport. "We asked that the bikes which were left behind or claimed by the police to be gathered up for use by the foreigners who will be returned to Russia," Jan Erik Thomassen, a section head from Norway's National Police Directorate, said. "I can understand that it feels a bit awkward and odd." Norwegian authorities said they hope Russia will allow the refugees to re-enter its Russian territory by bus, which would reduce costs and provide safer passage for those making the journey. But Russia, which has remained hostile to refugees despite the influx of migrants into Europe last year, seems unlikely to comply.
Javier E

Donald Trump's Words Are Reshaping American Politics - The Atlantic - 0 views

  • Do the president’s words matter?In Donald Trump’s first year in office, there has been a surprisingly widespread effort to argue that they do not. Liberals and moderates occasionally insist that the media and the public should shift their attention from the president’s vulgar statements to the real policy work happening at federal agencies.
  • The upshot seems to be: Ignore the words, heed the substance.
  • But Trump’s words are his substance. “Politics is persuasion as well as coercion,” the political scientist Jacob Levy wrote last week, rightly arguing that Trump has “changed what being a Republican means.”
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  • through persuasive insistence. On issues as diverse as the alleged dangers of immigration and the nature of truth, Trump’s words have the power to cleave public opinion, turning nonpolitical issues into partisan maelstroms and turning partisan attitudes on their head.
  • Years ago (even months ago) it would have been absurd to imagine “law and order” Republicans souring on the FBI; or that the party of Reagan and Bush would turn on the NFL, America’s most orgiastically patriotic sport.
  • In 2014, about 60 percent of both Republicans and Democrats said the FBI was doing an "excellent" or "good" job. Last year, their views forked: Republican approval of the agency fell by about 10 points, while Democratic opinion improved by a similar margin.
  • And yet, because Democrats have become more pro-immigrant under Trump, a record-high share of Americans now say "immigrants strengthen the country.”
  • Trump evinces not a Midas touch, but a Moses touch—an extraordinary talent for planting a stake in the ground and dividing the landscape before him.
  • In mid-2016, 20 percent of both Republicans and Democrats considered Russia an “ally” or “friendly.” One year later, Republicans were more than twice as likely as Democrats to say the same.
  • Immigration had for years been a marginal political topic, especially when compared with issues like jobs and terrorism. But Trump effectively recast immigration as a question of American identity and national security.
  • The construction of a wall along the Mexican border, once a fringey scheme, became the centerpiece of the GOP presidential candidate’s agenda. Today, three-quarters of Trump supporters say that “building the wall” should be the highest priority of his presidency
  • Less than 20 percent of Republicans said they had unfavorable views of the NFL in the summer of 2017. But their disapproval had more than tripled by October, after Trump blasted players for kneeling to protest police violence during the national anthem
  • Trump’s “mere” words could starve his party of moderate legislators, while encouraging Democratic candidates to embrace more liberal positions to distinguish themselves as distinctly anti-Trump.
  • It's tempting to downplay the power of Trump's words by saying their influence is “merely” shifting public opinion. But that's not quite right. First, there’s nothing subtle about Republican voters clutching nativism, the far-right right clutching Nazism, or Democratic voters radicalizing in defiance of the president.
  • Second, Trump’s rhetorical posture has some real policy implications. Though he hasn’t yet signed any major legislation on immigration, his harsh stance on undocumented workers empowered the Immigration and Customs Enforcement agency to increase arrests by 40 percent in his first year, often to shocking effect
  • And his constant disparagement of experts who refuse to parrot his policies has sucked the talent out of several government agencies, notably the State Department.
  • Trump’s refusal to accept critical information as true—from his denial of Russian interference in the 2016 election to the “alternative facts” about his inauguration size—has demolished the right’s faith and trust in a free press. Three-quarters of the GOP now say that news organizations make up anti-Trump stories.
  • Even worse, a January study found that nearly half of Republicans believe that accurate stories that “cast a politician or political group in a negative light” are “always” fake news. Trump, along with Fox News, has given his supporters the license to self-deport from reality.
  • Trump’s obsession with building and broadcasting an alternative ledger of facts has made epistemology the fundamental crisis of his term
  • In its first month, the administration invented or mainstreamed a new vocabulary of mendacity—e.g., fake news, alternative facts—and within 10 months, Trump made more than 1,500 false or misleading claims, according to The Washington Post. That’s roughly six lies, exaggerations, or omissions per day
  • No legislation, no executive order, and no official speech has caused this shift. It is the president’s words, delivered often via Twitter and amplified on Fox News, that have exploded the very notion of a shared political truth.
  • The insistence that Trump’s words don’t matter isn’t incidental to the GOP’s broader strategy. It is the strategy—to quarantine Trump’s most noxious rhetoric and proceed apace with traditional Republican governance.
  • The idea that a president’s words don’t matter is a deeply ahistorical position. And that’s particularly true for the GOP
  • Perhaps Republicans don’t treat Trump as a typical Republican president because, in a very real sense, Trump is not really the president. Instead, he has become a kind of nationalist identity guru for the new American right.
  • an anonymous White House source all but acknowledged this strategy, telling Axios that the president would spend 2018 seeking “unexpected cultural flashpoints,” like the NFL’s kneeling controversy. The White House sees Trump’s principle talent as the ability to activate cultural resentment among his supporters, encouraging them to redefine their identity and values around a nativist anger.
  • Politics is downstream from persuasion, and law is downstream from language.
manhefnawi

Charles IX | king of Sweden | Britannica.com - 0 views

  • virtual ruler of Sweden
  • Charles in 1568 was one of the leaders of a rebellion against the rule of his half brother Erik XIV that placed his other brother on the throne as John III.
  • The brothers were reunited in 1587, however, when both opposed the nobles’ state council, which promoted the candidacy of John’s son Sigismund (king of Poland as Sigismund III Vasa) for the Polish throne.
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  • Defeated at Stångebro (1598), Sigismund was deposed the following year and replaced by Charles as virtual ruler of Sweden.
  • By playing on the nobles’ fear of absolutist rule by an absentee monarch, Charles won their support in forcing Sigismund to accept the decisions of the Convention of Uppsala and to recognize Charles as regent in conjunction with the nobles’ state council.
  • Catholic Sigismund also succeeded to the Swedish throne in 1592
  • He was declared king in 1604
  • Charles’s overthrow of Sigismund led to hostilities with Poland
  • Charles’s forces then intervened in Russia, attempting to prevent a Polish conquest of the country and to install his son Gustavus (later king of Sweden as Gustav II Adolf) as ruler.
  • tried to rule by a diet subordinated to his will and a system of terror
Javier E

Love, Loss, and Leadership in a Time of Mass Death- An Interview with Erik Larson | His... - 0 views

  • the most surprising thing, and the most delightful, was that Churchill was a lot of fun. He had a great sense of humor and absolutely no sense of personal vanity. He could be a total jerk, yes, and his closest associates knew well that he could be rude, inconsiderate, overbearing, and capricious. But, he was funny, charming, affectionate, and his staff adored him. 
  • He understood the grand sweep of British history, and was able in his speeches to place his listeners in that story, so that they too felt a part of it and understood that only with their help would that grand story continue. He made his listeners feel bolder and stronger, and cast them as champions and guardians of that history.
  • Churchill seemed to understand that courage and confidence were infectious—that by expressing his own courage and confidence at all times, he could help the public find their own. 
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  • Popular myth tends to compartmentalize elements of the German air campaign into neat boxes, namely the so-called “Battle of Britain” and the “Blitz.” In reality, the campaign consisted of a seamless escalation that did not end until May 10, 1941. 
  • What we think of as the Battle of Britain resolved nothing, though it did lodge the RAF and its fighter pilots forever in the pantheon of British heroes. The Blitz followed soon afterward, with the first deliberate German raid on London, on Sept. 7, 1940, which was followed by another 56 consecutive nights of raids against the city. The British endured this phase, but even then the raids did not end. Winter weather forced interruptions, but the raids that did occur were even more severe, with possibly the worst of the war taking place on May 10, 1941. Over the winter the risk of invasion waned, because of weather, but with the advent of spring, the threat once again seemed grave—though intelligence began detecting a shift in Hitler’s attention toward the East. It was that shift, and Churchill’s staunch defiance, that ultimately ended the invasion threat, and caused the Luftwaffe to suspend its raids against London. 
  • I relied on intelligence reports and diaries, in particular the diary of Joseph Goebbels, Hitler’s chief of propaganda. Hitler, Goering, and Goebbels simply could not understand why Churchill didn’t give up and seek some sort of peace. To them, he seemed like some kind of crazy person. Goebbels in his diary expresses surprise time and again at his unwillingness to seek a negotiated end to the war. 
  • my goal, strange as it sounds, is not to inform, though anyone who wishes can quote my books in their PhD theses. Rather, I’m drawn by story. My goal is to create as rich a historical experience as I possibly can—all true of course—in the hope that readers will be able to descend into the past and linger there a while as if they were part of whatever saga is unfolding
  • Robin Lindley: Who are some historians or other writers that you see as inspirations or influences? Erik Larson: David McCullough. Barbara Tuchman. Dava Sobel—her “Longitude” was one of the books that made me start thinking about writing narrative history. More recently I’ve become a huge fan of Andrew Roberts, a foremost Churchill scholar
  • I think the main parallel is that these times require us all to pull together, just as Londoners had to do. For us, the noblest thing is to stay home, and if we do go out, wear a mask. My home city of New York has millions of heroes, now, staying home, losing jobs, going nuts—figuratively and literally—all to help prevent the deaths of countless other souls whom they do not know and will never meet.
Javier E

Donald the Unready - The New York Times - 0 views

  • It was obvious to anyone paying attention that the incoming administration would be blatantly corrupt. But would it at least be efficient in its corruption?
  • Mr. Trump hasn’t pivoted, matured, whatever term you prefer. He’s still the insecure, short-attention-span egomaniac he always was. Worse, he is surrounding himself with people who share many of his flaws — perhaps because they’re the sort of people with whom he is comfortable.
  • the typical Trump nominee, in everything from economics to diplomacy to national security, is ethically challenged, ignorant about the area of policy he or she is supposed to manage and deeply incurious.
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  • People tend to forget the extent to which the last Republican administration was also characterized by cronyism, the appointment of unqualified but well-connected people to key positions
  • In particular, if you want some notion of what Trump governance is likely to look like, consider the botched occupation of Iraq. People who knew anything about nation-building weren’t wanted; party loyalists — and corporate profiteers — took their place. There’s even a little-known connection: Betsy DeVos’s brother, Erik Prince, founded Blackwater, the mercenary outfit that, among other things, helped destabilize Iraq by firing into a crowd of civilians.
  • Now the conditions that prevailed in Iraq — blind ideology, contempt for expertise, effective absence of any enforcement of ethics rules — have come to America, but in a far more acute form.
  • will happen when we face a crisis? Remember, Katrina was the event that finally revealed the costs of Bush-era cronyism to all.
  • Real crises need real solutions. They can’t be resolved with a killer tweet, or by having your friends in the F.B.I. or the Kremlin feed the media stories that take your problems off the front page. What the situation demands are knowledgeable, levelheaded people in positions of authority.
Javier E

Investor uncertainty: The markets have second thoughts on Donald Trump | The Economist - 0 views

  • What is interesting about the business world is that there are two kinds of reactions.
  • Corporate leaders are learning to live with Mr Trump (“normalising” him in the current jargon). It is partly necessity (his threats can do them damage) and partly genuine enthusiasm—he plans to cut both their personal and their corporate income taxes.
  • But there is a much greater suspicion among analysts, particularly among those who work for European banks. Indeed I can’t recall any other President being talked about in such a hostile tone.
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  • More seriously, the worry is that America is abandoning the economic leadership that saw it champion free markets. Here is Erik Nielsen of Unicredit, an Italian bankI don’t think we can escape the conclusion that “the free world” has lost its leader. After all, a leader needs followers, and who’ll follow someone whose guiding principle is “me first”? To define his “America first” mantra, President Trump announced “two simple rules: Buy American and hire American”, and he promised that “America will start winning again, winning like never before”. Donald Trump’s world is principle-free and transactional. Every interaction is a zero-sum game with a winner and a loser—and the US will win “like never before”. Good luck, trade negotiators from the rest of the world…
  • Jan Dehn of Ashmore, an emerging markets investment groupRevealing a shocking degree of economic illiteracy, US President Donald Trump claimed in his inaugural speech that protection will lead to great strength and prosperity”. His bleak, defensive and atypically American vision of pessimism and defeatism was a de facto abdication of America’s erstwhile role as undisputed global leader on economic issues. By contrast, Chinese President Xi Jinping’s message at Davos spelled out a positive and ambitious agenda of openness and support for globalisation with the words “protection is like locking yourself in a dark room”
  • the fact that China is aspiring to global leadership is significant. In the brief unipolar period of the 1990s, it was possible to believe that counties would aspire to the liberal democratic model. But China’s growth has been so strong that many countries may feel they can get prosperity without the messy democratic stuff. The Iraq war, the financial financial crisis of 2008 and now the election of the mercurial Mr Trump have not been great adverts for the American system.
  • In a splendid piece for the Financial Times, Gideon Rachman worries that:If the Trump administration now destroys American credibility, it will have handed the Russian and Chinese governments a victory of historic proportions. The cold war was a battle not just about economics or military strength, but also about the truth. The Soviet Union collapsed, in the end, partly because it was too obvious that it was a regime based on lies.
abbykleman

Bill O'Reilly is defining 'un-American' activities in the Trump era - 0 views

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    This momentous point in the history of the United States presents a number of issues, including allegations that Russia hacked key U.S. institutions during the presidential election; the future of the country's health-care system; congressional ethics! So what topic does Bill O'Reilly choose to cover?
Javier E

White House goes authoritarian on CNN scoop about Russia dossier - The Washington Post - 0 views

  • according to reporting by Sciutto and colleague Evan Perez, “multiple current and former U.S. law enforcement and intelligence officials tell CNN that intelligence intercepts of foreign nationals confirm that some of the conversations described in the dossier took place between the same individuals on the same days and from the same locations as detailed in the dossier.
  • So what did White House press secretary Sean Spicer say? “We continue to be disgusted by CNN’s fake news reporting.”
  • The response from officialdom aligns with an authoritarian’s refusal to face facts. After CNN broke its January story of high-level briefings on the dossier, Trump attempted to discredit the outlet by lumping it with BuzzFeed’s hasty and irresponsible decision to simply plop the unconfirmed dossier on its website. “You are fake news,” thundered Trump
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  • , CNN’s reporting on the travels of the dossier up through the ranks of government remained intact — there wasn’t a fake word in it.
  • it “relates to conversations between foreign nationals,” according to CNN. And that draws a fake-news response from the White House press secretary?
Javier E

The future of jobs: The onrushing wave | The Economist - 0 views

  • drudgery may soon enough give way to frank unemployment. There is already a long-term trend towards lower levels of employment in some rich countries. The proportion of American adults participating in the labour force recently hit its lowest level since 1978
  • In a recent speech that was modelled in part on Keynes’s “Possibilities”, Larry Summers, a former American treasury secretary, looked at employment trends among American men between 25 and 54. In the 1960s only one in 20 of those men was not working. According to Mr Summers’s extrapolations, in ten years the number could be one in seven.
  • A 2013 paper by Carl Benedikt Frey and Michael Osborne, of the University of Oxford, argued that jobs are at high risk of being automated in 47% of the occupational categories into which work is customarily sorted. That includes accountancy, legal work, technical writing and a lot of other white-collar occupations.
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  • The impacts of technological change take their time appearing. They also vary hugely from industry to industry. Although in many simple economic models technology pairs neatly with capital and labour to produce output, in practice technological changes do not affect all workers the same way. Some find that their skills are complementary to new technologies. Others find themselves out of work.
  • The case for a highly disruptive period of economic growth is made by Erik Brynjolfsson and Andrew McAfee, professors at MIT, in “The Second Machine Age”, a book to be published later this month. Like the first great era of industrialisation, they argue, it should deliver enormous benefits—but not without a period of disorienting and uncomfortable change
  • Their argument rests on an underappreciated aspect of the exponential growth in chip processing speed, memory capacity and other computer metrics: that the amount of progress computers will make in the next few years is always equal to the progress they have made since the very beginning. Mr Brynjolfsson and Mr McAfee reckon that the main bottleneck on innovation is the time it takes society to sort through the many combinations and permutations of new technologies and business models.
  • A startling progression of inventions seems to bear their thesis out. Ten years ago technologically minded economists pointed to driving cars in traffic as the sort of human accomplishment that computers were highly unlikely to master. Now Google cars are rolling round California driver-free
  • Even after computers beat grandmasters at chess (once thought highly unlikely), nobody thought they could take on people at free-form games played in natural language. Then Watson, a pattern-recognising supercomputer developed by IBM, bested the best human competitors in America’s popular and syntactically tricksy general-knowledge quiz show “Jeopardy!” Versions of Watson are being marketed to firms
  • Text-mining programs will displace professional jobs in legal services. Biopsies will be analysed more efficiently by image-processing software than lab technicians. Accountants may follow travel agents and tellers into the unemployment line as tax software improves. Machines are already turning basic sports results and financial data into good-enough news stories.
  • the second machine age will make such trial and error easier. It will be shockingly easy to launch a startup, bring a new product to market and sell to billions of global consumers (see article). Those who create or invest in blockbuster ideas may earn unprecedented returns as a result.
  • Tyler Cowen, an economist at George Mason University and a much-read blogger, writes in his most recent book, “Average is Over”, that rich economies seem to be bifurcating into a small group of workers with skills highly complementary with machine intelligence, for whom he has high hopes, and the rest, for whom not so much.
  • A taxi driver will be a rarity in many places by the 2030s or 2040s. That sounds like bad news for journalists who rely on that most reliable source of local knowledge and prejudice—but will there be many journalists left to care? Will there be airline pilots? Or traffic cops? Or soldiers?
  • Thomas Piketty, an economist at the Paris School of Economics, argues along similar lines that America may be pioneering a hyper-unequal economic model in which a top 1% of capital-owners and “supermanagers” grab a growing share of national income and accumulate an increasing concentration of national wealth
  • The rise of the middle-class—a 20th-century innovation—was a hugely important political and social development across the world. The squeezing out of that class could generate a more antagonistic, unstable and potentially dangerous politics.
  • The current doldrum in wages may, like that of the early industrial era, be a temporary matter, with the good times about to roll (see chart 3). These jobs may look distinctly different from those they replace. Just as past mechanisation freed, or forced, workers into jobs requiring more cognitive dexterity, leaps in machine intelligence could create space for people to specialise in more emotive occupations, as yet unsuited to machines: a world of artists and therapists, love counsellors and yoga instructors.
  • though growth in areas of the economy that are not easily automated provides jobs, it does not necessarily help real wages. Mr Summers points out that prices of things-made-of-widgets have fallen remarkably in past decades; America’s Bureau of Labour Statistics reckons that today you could get the equivalent of an early 1980s television for a twentieth of its then price,
  • owever, prices of things not made of widgets, most notably college education and health care, have shot up
  • As innovation continues, automation may bring down costs in some of those stubborn areas as well, though those dominated by scarcity—such as houses in desirable places—are likely to resist the trend, as may those where the state keeps market forces at bay. But if innovation does make health care or higher education cheaper, it will probably be at the cost of more jobs, and give rise to yet more concentration of income.
  • Adaptation to past waves of progress rested on political and policy responses. The most obvious are the massive improvements in educational attainment brought on first by the institution of universal secondary education and then by the rise of university attendance. Policies aimed at similar gains would now seem to be in order. But as Mr Cowen has pointed out, the gains of the 19th and 20th centuries will be hard to duplicate.
  • Boosting the skills and earning power of the children of 19th-century farmers and labourers took little more than offering schools where they could learn to read, write and do algebra. Pushing a large proportion of college graduates to complete graduate work successfully will be harder and more expensive. Perhaps cheap and innovative online education will indeed make new attainment possible. But as Mr Cowen notes, such programmes may tend to deliver big gains only for the most conscientious students.
  • Everyone should be able to benefit from productivity gains—in that, Keynes was united with his successors. His worry about technological unemployment was mainly a worry about a “temporary phase of maladjustment” as society and the economy adjusted to ever greater levels of productivity
  • However, society may find itself sorely tested if, as seems possible, growth and innovation deliver handsome gains to the skilled, while the rest cling to dwindling employment opportunities at stagnant wages.
Maria Delzi

BBC News - Greenland awards London Mining huge iron ore project - 0 views

  • Greenland has awarded UK-based company London Mining a 30-year licence to build and run a giant iron ore mine.
  • Greenland's industry minister called it the largest commercial project in the autonomous Danish territory's history.
  • In a statement on its website, London Mining said the mine was expected to produce 15m tonnes a year of "very high quality iron ore concentrate to the global steel industry".
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  • The Greenland government hopes the mine will boost the economy, which is largely dependent on fishing and subsidies from Denmark.
  • "This is indeed a historic moment for Greenland," said Industry and Minerals Minister Jens-Erik Kirkegaard.
  • "the largest commercial project to date in Greenland" would boost employment and state revenues - in line with a pledge made by the governing Social Democrats to draw foreign companies to help tap Greenland's resources.
  • Environmentalists say they want reassurances that the exploitation of the deposits will not come at the cost of extensive environmental damage.
  • She said the Greenland government should insist that the mine be powered by hydroelectric power rather than diesel, and that there should be safeguards to deal with problems such as the dramatic increase in traffic.
Javier E

Recent Elections Missed the Biggest Challenge of All - NYTimes.com - 0 views

  • What would we have discussed if we’d had a serious election? How about the biggest challenge we’re facing today: The resilience of our workers, environment and institutions.
  • Because: The world is fast. The three biggest forces on the planet — the market, Mother Nature and Moore’s Law — are all surging, really fast, at the same time.
  • Moore’s Law, the theory that the speed and power of microchips will double every two years, is, as Andrew McAfee and Erik Brynjolfsson posit in their book, “The Second Machine Age,” so relentlessly increasing the power of software, computers and robots that they’re now replacing many more traditional white- and blue-collar jobs, while spinning off new ones
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  • The market, i.e., globalization, is tying economies more tightly together than ever before, making our workers, investors and markets much more interdependent and exposed to global trends, without walls to protect them.
  • the rapid growth of carbon in our atmosphere and environmental degradation and deforestation because of population growth on earth — the only home we have — are destabilizing Mother Nature’s ecosystems faster.
  • n sum, we’re in the middle of three “climate changes” at once: one digital, one ecological, one geo-economical. That’s why strong states are being stressed, weak ones are blowing up and Americans are feeling anxious that no one has a quick fix to ease their anxiety. And they’re right.
  • The only fix involves big, hard things that can only be built together over time: resilient infrastructure, affordable health care, more start-ups and lifelong learning opportunities for new jobs, immigration policies that attract talent, sustainable environments, manageable debt and governing institutions adapted to the new speed.
  • we’re not going to respond to the big global issues until they hit the economy. It’s hard to imagine a stronger example than a city of 20 million people running out of water. Yet despite the clear threat, the main response is ‘we hope it rains.’ Why such denial? Because the implications of acceptance are so significant, and we know in our hearts there’s no going back once you end denial. It would demand that the country face up to the urgency of reversing rather than slowing deforestation” and “the need to prepare the country for the risks that a changing climate presents.”
alexdeltufo

Trump's fascism dominates morning television - The Washington Post - 0 views

  • Say something offensive. Get tons of corrective media coverage. Watch those poll numbers soar.
  • Donald Trump called for a “total and complete shutdown” of Muslims entering the United States. Now that’s grist for the morning shows.
  • He told co-host Mika Brzezinski not to fear that brand of hate-mongering, but rather to fear the terrorists
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  • “the police refuse to go” because of radicalization.
  • Scarborough said, “You gotta let us ask questions, you can’t just talk. No, you gotta let us actually ask questions.”
  • “No, no, Joe, I’m not just talking. Joe, I’m not just talking. I’m giving you the facts,” said Trump, as Scarborough attempted to get him to shut up: “Donald, Donald, Donald, Donald.”
  • “Go to break then, Joe. All I’m doing is giving you the facts and you don’t want to hear the facts.”
  • Pressed by Scarborough to identify the zones of Paris where police fear to tread, Trump responded: “I will get you the information.”
  • “Did the internment of the Japanese Americans violate your sense of American values? Yes or no?”
  • The Muslim community is not reporting what’s going on. They should be reporting that their next-door neighbor is making pipe bombs and they’ve got them all over the place.
  • Nobody called the police.”
  • They would say, ‘Are you Muslim?’ ” responded Trump, in what may be the scariest soundbite yet from the candidate.
  • “We love you, we want to work with you, we want you to turn in the bad ones. We all want to get along.”
  • Cuomo pounded the guy again and again, citing falsehood after falsehood.
  • “Do you have to impress anybody but yourself with these ideas?”
  • Good Morning America” also brought the accountability to Trump, who, again, didn’t seem to care about the implications of his proposal.
  • As he did in both the “Morning Joe” and CNN sessions, Trump talked about these no-go zones in Paris, whose existence has been denied by Parisians.
  • ad stuff, that. But what’s the alternative? Not challenge him on ideas that threaten the Constitution?
Javier E

The Hidden Automation Agenda of the Davos Elite - The New York Times - 0 views

  • for the past week, I’ve been mingling with corporate executives at the World Economic Forum’s annual meeting in Davos. And I’ve noticed that their answers to questions about automation depend very much on who is listening.
  • in private settings, including meetings with the leaders of the many consulting and technology firms whose pop-up storefronts line the Davos Promenade, these executives tell a different story: They are racing to automate their own work forces to stay ahead of the competition, with little regard for the impact on workers.
  • All over the world, executives are spending billions of dollars to transform their businesses into lean, digitized, highly automated operations. They crave the fat profit margins automation can deliver, and they see A.I. as a golden ticket to savings, perhaps by letting them whittle departments with thousands of workers down to just a few dozen.
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  • “People are looking to achieve very big numbers,” said Mohit Joshi, the president of Infosys, a technology and consulting firm that helps other businesses automate their operations. “Earlier they had incremental, 5 to 10 percent goals in reducing their work force. Now they’re saying, ‘Why can’t we do it with 1 percent of the people we have?’”
  • they’ve come up with a long list of buzzwords and euphemisms to disguise their intent. Workers aren’t being replaced by machines, they’re being “released” from onerous, repetitive tasks. Companies aren’t laying off workers, they’re “undergoing digital transformation.”
  • IBM’s “cognitive solutions” unit, which uses A.I. to help businesses increase efficiency, has become the company’s second-largest division, posting $5.5 billion in revenue last quarter.
  • The investment bank UBS projects that the artificial intelligence industry could be worth as much as $180 billion by next year.
  • Kai-Fu Lee, the author of “AI Superpowers” and a longtime technology executive, predicts that artificial intelligence will eliminate 40 percent of the world’s jobs within 15 years.
  • In an interview, he said that chief executives were under enormous pressure from shareholders and boards to maximize short-term profits, and that the rapid shift toward automation was the inevitable result.
  • it’s probably not surprising that all of this automation is happening quietly, out of public view. In Davos this week, several executives declined to say how much money they had saved by automating jobs previously done by humans. And none were willing to say publicly that replacing human workers is their ultimate goal.
  • “On one hand,” he said, profit-minded executives “absolutely want to automate as much as they can.”“On the other hand,” he added, “they’re facing a backlash in civic society.”
  • Terry Gou, the chairman of the Taiwanese electronics manufacturer Foxconn, has said the company plans to replace 80 percent of its workers with robots in the next five to 10 years
  • Richard Liu, the founder of the Chinese e-commerce company JD.com, said at a business conference last year that “I hope my company would be 100 percent automation someday.
  • One common argument made by executives is that workers whose jobs are eliminated by automation can be “reskilled” to perform other jobs in an organization
  • There are plenty of stories of successful reskilling — optimists often cite a program in Kentucky that trained a small group of former coal miners to become computer programmers — but there is little evidence that it works at scale
  • A report by the World Economic Forum this month estimated that of the 1.37 million workers who are projected to be fully displaced by automation in the next decade, only one in four can be profitably reskilled by private-sector programs
  • The rest, presumably, will need to fend for themselves or rely on government assistance.
  • In Davos, executives tend to speak about automation as a natural phenomenon over which they have no control, like hurricanes or heat waves. They claim that if they don’t automate jobs as quickly as possible, their competitors will.
  • these executives can choose how the gains from automation and A.I. are distributed, and whether to give the excess profits they reap as a result to workers, or hoard it for themselves and their shareholders.
  • “The choice isn’t between automation and non-automation,” said Erik Brynjolfsson, the director of M.I.T.’s Initiative on the Digital Economy. “It’s between whether you use the technology in a way that creates shared prosperity, or more concentration of wealth.”
Javier E

Study: 42 percent of Republicans believe accurate - but negative - stories qualify as '... - 0 views

  • Four in 10 [or 42 percent of] Republicans consider accurate news stories that cast a politician or political group in a negative light to always be “fake news.” [The corresponding figure for Democrats is 17 percent.]
  • Trump can claim credit for hijacking the term “fake news” for his own political ends. Craig Silverman, the BuzzFeed journalist who played a pioneering role in hatching the term, says its redefinition was sealed on Jan. 11, 2017, during that unforgettable transition news conference in which Trump called out CNN as “fake news” — for accurately reporting on a Trump-Russia dossier that was circulating in the upper reaches of the U.S. government.
  • Since then, “fake news” has performed a jack-of-all-trades role for Trump champions. A negative story with flimsy-appearing sources? “Fake news.” A story that is challenged by Trump appointees? “Fake news.” A story that ends up being corrected? “Fake news” all day long! A true but unflattering story? Heck, that’s “fake news,” too.
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  • Forget that the term sprang up to describe, essentially, fabrications — or, as Silverman defines it, “completely false information that was created and spread for profit.”
  • The appropriation of the term by Trump appears to be working, which is no surprise in light of his nearly 47 million Twitter followers and his status as the most powerful man in the world.
johnsonel7

The missing 99%: why can't we find the vast majority of ocean plastic? | US news | The ... - 0 views

  • Every year, 8m tons of plastic enters the ocean. Images of common household waste swirling in vast garbage patches in the open sea, or tangled up with whales and seabirds, have turned plastic pollution into one of the most popular environmental issues in the world
  • What we commonly see accumulating at the sea surface is “less than the tip of the iceberg, maybe a half of 1% of the total,” says Erik Van Sebille, an oceanographer at Utrecht University in the Netherlands.
  • Her team found that at a depth of 200m, there were nearly 15 bits of plastic in every liter of water, similar to the amount found at the surface of the so-called garbage patches. The remote samplers were still finding plastic at their maximum depth of 1km.
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  • How plastic descends to the deep ocean is, for the most part, a mystery. Because of its low density, most commercial plastic floats. It needs help to get below the surface. Plastic can become attached to ocean detritus that sinks, or fragment under the sun or waves, or find its way into something’s stomach.
  • The huge amounts of plastic on the ocean surface were what originally sparked public and scientific interest in the plastic problem. In this way, they acted like a buoy, pointing the way to something much larger beneath the surface. The deep ocean is, as Choy puts it, “the world’s largest habitat”. We’re just beginning the accounting of how much of our plastic has ended up there.
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