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Javier E

Opinion | The 100-Year Extinction Panic Is Back, Right on Schedule - The New York Times - 0 views

  • The literary scholar Paul Saint-Amour has described the expectation of apocalypse — the sense that all history’s catastrophes and geopolitical traumas are leading us to “the prospect of an even more devastating futurity” — as the quintessential modern attitude. It’s visible everywhere in what has come to be known as the polycrisis.
  • Climate anxiety, of the sort expressed by that student, is driving new fields in psychology, experimental therapies and debates about what a recent New Yorker article called “the morality of having kids in a burning, drowning world.”
  • The conviction that the human species could be on its way out, extinguished by our own selfishness and violence, may well be the last bipartisan impulse.
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  • a major extinction panic happened 100 years ago, and the similarities are unnerving.
  • The 1920s were also a period when the public — traumatized by a recent pandemic, a devastating world war and startling technological developments — was gripped by the conviction that humanity might soon shuffle off this mortal coil.
  • It also helps us see how apocalyptic fears feed off the idea that people are inherently violent, self-interested and hierarchical and that survival is a zero-sum war over resources.
  • Either way, it’s a cynical view that encourages us to take our demise as a foregone conclusion.
  • What makes an extinction panic a panic is the conviction that humanity is flawed and beyond redemption, destined to die at its own hand, the tragic hero of a terrestrial pageant for whom only one final act is possible
  • What the history of prior extinction panics has to teach us is that this pessimism is both politically questionable and questionably productive. Our survival will depend on our ability to recognize and reject the nihilistic appraisals of humanity that inflect our fears for the future, both left and right.
  • As a scholar who researches the history of Western fears about human extinction, I’m often asked how I avoid sinking into despair. My answer is always that learning about the history of extinction panics is actually liberating, even a cause for optimism
  • Nearly every generation has thought its generation was to be the last, and yet the human species has persisted
  • As a character in Jeanette Winterson’s novel “The Stone Gods” says, “History is not a suicide note — it is a record of our survival.”
  • Contrary to the folk wisdom that insists the years immediately after World War I were a period of good times and exuberance, dark clouds often hung over the 1920s. The dread of impending disaster — from another world war, the supposed corruption of racial purity and the prospect of automated labor — saturated the period
  • The previous year saw the publication of the first of several installments of what many would come to consider his finest literary achievement, “The World Crisis,” a grim retrospective of World War I that laid out, as Churchill put it, the “milestones to Armageddon.
  • Bluntly titled “Shall We All Commit Suicide?,” the essay offered a dismal appraisal of humanity’s prospects. “Certain somber facts emerge solid, inexorable, like the shapes of mountains from drifting mist,” Churchill wrote. “Mankind has never been in this position before. Without having improved appreciably in virtue or enjoying wiser guidance, it has got into its hands for the first time the tools by which it can unfailingly accomplish its own extermination.”
  • The essay — with its declaration that “the story of the human race is war” and its dismay at “the march of science unfolding ever more appalling possibilities” — is filled with right-wing pathos and holds out little hope that mankind might possess the wisdom to outrun the reaper. This fatalistic assessment was shared by many, including those well to Churchill’s left.
  • “Are not we and they and all the race still just as much adrift in the current of circumstances as we were before 1914?” he wondered. Wells predicted that our inability to learn from the mistakes of the Great War would “carry our race on surely and inexorably to fresh wars, to shortages, hunger, miseries and social debacles, at last either to complete extinction or to a degradation beyond our present understanding.” Humanity, the don of sci-fi correctly surmised, was rushing headlong into a “scientific war” that would “make the biggest bombs of 1918 seem like little crackers.”
  • The pathbreaking biologist J.B.S. Haldane, another socialist, concurred with Wells’s view of warfare’s ultimate destination. In 1925, two decades before the Trinity test birthed an atomic sun over the New Mexico desert, Haldane, who experienced bombing firsthand during World War I, mused, “If we could utilize the forces which we now know to exist inside the atom, we should have such capacities for destruction that I do not know of any agency other than divine intervention which would save humanity from complete and peremptory annihilation.”
  • F.C.S. Schiller, a British philosopher and eugenicist, summarized the general intellectual atmosphere of the 1920s aptly: “Our best prophets are growing very anxious about our future. They are afraid we are getting to know too much and are likely to use our knowledge to commit suicide.”
  • Many of the same fears that keep A.I. engineers up at night — calibrating thinking machines to human values, concern that our growing reliance on technology might sap human ingenuity and even trepidation about a robot takeover — made their debut in the early 20th century.
  • The popular detective novelist R. Austin Freeman’s 1921 political treatise, “Social Decay and Regeneration,” warned that our reliance on new technologies was driving our species toward degradation and even annihilation
  • Extinction panics are, in both the literal and the vernacular senses, reactionary, animated by the elite’s anxiety about maintaining its privilege in the midst of societal change
  • There is a perverse comfort to dystopian thinking. The conviction that catastrophe is baked in relieves us of the moral obligation to act. But as the extinction panic of the 1920s shows us, action is possible, and these panics can recede
  • To whatever extent, then, that the diagnosis proved prophetic, it’s worth asking if it might have been at least partly self-fulfilling.
  • today’s problems are fundamentally new. So, too, must be our solutions
  • It is a tired observation that those who don’t know history are destined to repeat it. We live in a peculiar moment in which this wisdom is precisely inverted. Making it to the next century may well depend on learning from and repeating the tightrope walk — between technological progress and self-annihilation — that we have been doing for the past 100 years
  • We have gotten into the dangerous habit of outsourcing big issues — space exploration, clean energy, A.I. and the like — to private businesses and billionaires
  • That ideologically varied constellation of prominent figures shared a basic diagnosis of humanity and its prospects: that our species is fundamentally vicious and selfish and our destiny therefore bends inexorably toward self-destruction.
  • Less than a year after Churchill’s warning about the future of modern combat — “As for poison gas and chemical warfare,” he wrote, “only the first chapter has been written of a terrible book” — the 1925 Geneva Protocol was signed, an international agreement banning the use of chemical or biological weapons in combat. Despite the many horrors of World War II, chemical weapons were not deployed on European battlefields.
  • As for machine-age angst, there’s a lesson to learn there, too: Our panics are often puffed up, our predictions simply wrong
  • In 1928, H.G. Wells published a book titled “The Way the World Is Going,” with the modest subtitle “Guesses and Forecasts of the Years Ahead.” In the opening pages, he offered a summary of his age that could just as easily have been written about our turbulent 2020s. “Human life,” he wrote, “is different from what it has ever been before, and it is rapidly becoming more different.” He continued, “Perhaps never in the whole history of life before the present time, has there been a living species subjected to so fiercely urgent, many-sided and comprehensive a process of change as ours today. None at least that has survived. Transformation or extinction have been nature’s invariable alternatives. Ours is a species in an intense phase of transition.”
Javier E

David Stockman: Mitt Romney and the Bain Drain - Newsweek and The Daily Beast - 1 views

  • Is Romney really a job creator? Ronald Reagan’s budget director, David Stockman, takes a scalpel to the claims.
  • Bain Capital is a product of the Great Deformation. It has garnered fabulous winnings through leveraged speculation in financial markets that have been perverted and deformed by decades of money printing and Wall Street coddling by the Fed. So Bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise.
  • Mitt Romney claims that his essential qualification to be president is grounded in his 15 years as head of Bain Capital, from 1984 through early 1999. According to the campaign’s narrative, it was then that he became immersed in the toils of business enterprise, learning along the way the true secrets of how to grow the economy and create jobs. The fact that Bain’s returns reputedly averaged more than 50 percent annually during this period is purportedly proof of the case
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  • Except Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.
  • That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn’t be much scope for it because it creates little of economic value. But we have a rigged system—a regime of crony capitalism—where the tax code heavily favors debt and capital gains, and the central bank purposefully enables rampant speculation by propping up the price of financial assets and battering down the cost of leveraged finance.
  • So the vast outpouring of LBOs in recent decades has been the consequence of bad policy, not the product of capitalist enterprise. I know this from 17 years of experience doing leveraged buyouts at one of the pioneering private-equity houses, Blackstone, and then my own firm. I know the pitfalls of private equity. The whole business was about maximizing debt, extracting cash, cutting head counts, skimping on capital spending, outsourcing production, and dressing up the deal for the earliest, highest-profit exit possible. Occasionally, we did invest in genuine growth companies, but without cheap debt and deep tax subsidies, most deals would not make economic sense.
  • In truth, LBOs are capitalism’s natural undertakers—vulture investors who feed on failing businesses. Due to bad policy, however, they have now become monsters of the financial midway that strip-mine cash from healthy businesses and recycle it mostly to the top 1 percent.
  • Accordingly, Bain’s returns on the overwhelming bulk of the deals—67 out of 77—were actually lower than what a passive S&P 500 indexer would have earned even without the risk of leverage or paying all the private-equity fees. Investor profits amounted to a prosaic 0.7X the original investment on these deals and, based on its average five-year holding period, the annual return would have computed to about 12 percent—well below the 17 percent average return on the S&P in this period.
  • having a trader’s facility for knowing when to hold ’em and when to fold ’em has virtually nothing to do with rectifying the massive fiscal hemorrhage and debt-burdened private economy that are the real issues before the American electorate
  • Indeed, the next president’s overriding task is restoring national solvency—an undertaking that will involve immense societywide pain, sacrifice, and denial and that will therefore require “fairness” as a defining principle. And that’s why heralding Romney’s record at Bain is so completely perverse. The record is actually all about the utter unfairness of windfall riches obtained under our anti-free market regime of bubble finance.
  • When Romney opened the doors to Bain Capital in 1984, the S&P 500 stood at 160. By the time he answered the call to duty in Salt Lake City in early 1999, it had gone parabolic and reached 1270. This meant that had a modern Rip Van Winkle bought the S&P 500 index and held it through the 15 years in question, the annual return (with dividends) would have been a spectacular 17 percent. Bain did considerably better, of course, but the reason wasn’t business acumen.
  • The credentials that Romney proffers as evidence of his business acumen, in fact, mainly show that he hung around the basket during the greatest bull market in recorded history.
  • The Wall Street Journal examined 77 significant deals completed during that period based on fundraising documents from Bain, and the results are a perfect illustration of bull-market asymmetry. Overall, Bain generated an impressive $2.5 billion in investor gains on $1.1 billion in investments. But 10 of Bain’s deals accounted for 75 percent of the investor profits.
  • The secret was leverage, luck, inside baseball, and the peculiar asymmetrical dynamics of the leveraged gambling carried on by private-equity shops. LBO funds are invested as equity at the bottom of a company’s capital structure, which means that the lenders who provide 80 to 90 percent of the capital have no recourse to the private-equity sponsor if deals go bust. Accordingly, LBO funds can lose 1X (one times) their money on failed deals, but make 10X or even 50X on the occasional “home run.” During a period of rising markets, expanding valuation multiples, and abundant credit, the opportunity to “average up” the home runs with the 1X losses is considerable; it can generate a spectacular portfolio outcome.
  • By contrast, the 10 home runs generated profits of $1.8 billion on investments of only $250 million, yielding a spectacular return of 7X investment. Yet it is this handful of home runs that both make the Romney investment legend and also seal the indictment: they show that Bain Capital was a vehicle for leveraged speculation that was gifted immeasurably by the Greenspan bubble. It was a fortunate place where leverage got lucky, not a higher form of capitalist endeavor or training school for presidential aspirants.
  • The startling fact is that four of the 10 Bain Capital home runs ended up in bankruptcy, and for an obvious reason: Bain got its money out at the top of the Greenspan boom in the late 1990s and then these companies hit the wall during the 2000-02 downturn, weighed down by the massive load of debt Bain had bequeathed them. In fact, nearly $600 million, or one third of the profits earned by the home-run companies, had been extracted from the hide of these four eventual debt zombies.
  • The bankruptcy forced the closure of about 250—or 40 percent—of the company’s stores and the loss of about 5,000 jobs. Yet the moral of the Stage Stores saga is not simply that in this instance Bain Capital was a jobs destroyer, not a jobs creator. The larger point is that it is actually a tale of Wall Street speculators toying with Main Street properties in defiance of sound finance—an anti-Schumpeterian project that used state-subsidized debt to milk cash from stores that would not have otherwise survived on the free market.
  • Ironically, the businesses and jobs that Staples eliminated were the office-supply counterparts of the cracker-box stores selling shoes, shirts, and dresses that Bain kept on artificial life-support at Stage Stores Inc. At length, Wal-Mart eliminated these jobs and replaced them with back-of–the-store automation and front-end part-timers, as did Staples, which now has 40,000 part-time employees out of its approximate 90,000 total head count. The pointless exercise of counting jobs won and lost owing to these epochal shifts on the free market is obviously irrelevant to the job of being president, but the fact that Bain made $15 million from the winner and $175 million from the loser is evidence that it did not make a fortune all on its own. It had considerable help from the Easy Button at the Fed.
  • The lesson is that LBOs are just another legal (and risky) way for speculators to make money, but they are dangerous because when they fail, they leave needless economic disruption and job losses in their wake. That’s why LBOs would be rare in an honest free market—it’s only cheap debt, interest deductions, and ludicrously low capital-gains taxes that artifically fuel them.
  • The larger point is that Romney’s personal experience in the nation’s financial casinos is no mark against his character or competence. I’ve made money and lost it and know what it is like to be judged. But that experience doesn’t translate into answers on the great public issues before the nation, either. The Romney campaign’s feckless narrative that private equity generates real economic efficiency and societal wealth is dead wrong.
  • The Bain Capital investments here reviewed accounted for $1.4 billion or 60 percent of the fund’s profits over 15 years, by my calculations. Four of them ended in bankruptcy; one was an inside job and fast flip; one was essentially a massive M&A brokerage fee; and the seventh and largest gain—the Italian Job—amounted to a veritable freak of financial nature.
  • In short, this is a record about a dangerous form of leveraged gambling that has been enabled by the failed central banking and taxing policies of the state. That it should be offered as evidence that Mitt Romney is a deeply experienced capitalist entrepreneur and job creator is surely a testament to the financial deformations of our times.
Javier E

One is the Loneliest Number - NYTimes.com - 0 views

  • In a world where children are born later and less frequently, and where the two trends intertwine, the life cycle inevitably gets lonelier. Your grandparents are less likely to be involved with your upbringing when you’re young, you’re less likely to have multiple siblings (or even a single brother or sister) to be your companions in childhood and your constants in adulthood, your own children are less likely to have aunts and uncles and cousins and your parents are more likely to pass away (or decline into senescence) before you’re fully established as a grown-up in your own right.
  • There are economic costs to this atomization, just as Shulevitz suggests: Weaker support networks when people are young and struggling, fewer kids to share the burden of an aging relative, and so on. But the emotional costs seem larger — not just the impact of a parent’s early passing, but the non-impact of the relationships you never get to form, because your grandparents are too old and your siblings and cousins and aunts and uncles don’t exist at all.
  • If families do not guarantee happiness, the relationships they create and cultivate nonetheless tend to be richer, more primal, and more permanent than purely voluntary forms of human community.
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  • Families are the most natural link between the generations, the most natural place to turn for solidarity, intimacy and care, the communities where the mystic chords of memory are easiest to strike and most likely to vibrate, resonate, and echo
  • it is not that with bigger families life is necessarily happier, but instead that it is richer, denser. What happiness we have will be more widely and immediately shared, as with our sorrow.” And likewise with what is lost when families shrink and intergenerational bonds attenuate. The cost should be counted, not in daily pleasures sacrificed or swiped away, but in the deep wells of human experience that a post-familial culture may fill in and cover up.
  • This is why the moral aspect of the case for, well, familialism — the hackles-raising argument I’ve been making that a society that isn’t replacing itself isn’t fulfilling a basic intergenerational obligation— cannot just be set aside in favor of less charged and more technocratic arguments about economic self-interest and social cohesion and public health and the sustainability of public pensions and so forth
  • it is still possible to imagine a world of declining birthrates and more attenuated relationships being more comfortable, in strictly material terms, than the present or the past. Matt Yglesias has been making roughly this case, for instance, painting a portrait of a future where the surplus from technology and automation under-writes leisure pursuits (mostly virtual, I would expect) and social-service support for the many singletons left underemployed and unemployable, and everyone else finds work in the booming, ever-expanding elder-caregiver industry.
  • Measured in terms of G.D.P. per capita and life expectancy, that future doesn’t sound so bad. It’s only when you factor in the loss of various rich and fundamental human goods that you realize that it might actually be barren and depressing and yes, decadent — a lanscape, in Goethe’s evocative phrase, in which humanity has “won” in some sense, triumphing provisionally over the challenges of scarcity and illness, but in the process has turned society “into one huge hospital where everyone is everybody else’s humane nurse.”
Javier E

Scientists See Advances in Deep Learning, a Part of Artificial Intelligence - NYTimes.com - 0 views

  • Using an artificial intelligence technique inspired by theories about how the brain recognizes patterns, technology companies are reporting startling gains in fields as diverse as computer vision, speech recognition and the identification of promising new molecules for designing drugs.
  • They offer the promise of machines that converse with humans and perform tasks like driving cars and working in factories, raising the specter of automated robots that could replace human workers.
  • what is new in recent months is the growing speed and accuracy of deep-learning programs, often called artificial neural networks or just “neural nets” for their resemblance to the neural connections in the brain.
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  • With greater accuracy, for example, marketers can comb large databases of consumer behavior to get more precise information on buying habits. And improvements in facial recognition are likely to make surveillance technology cheaper and more commonplace.
  • Modern artificial neural networks are composed of an array of software components, divided into inputs, hidden layers and outputs. The arrays can be “trained” by repeated exposures to recognize patterns like images or sounds.
zachcutler

The manufacturing boom that Donald Trump ignores - Oct. 20, 2016 - 0 views

  • The manufacturing boom that Donald Trump ignores
  • "Made in the U.S.A." is not dead. The nation's manufacturing sector is actually booming, even if many people don't realize it.
  • "We produce more today than we ever have," said Chad Moutray, chief economist with the National Association of Manufacturers. "We made $2.1 trillion worth of products in 2015. There are sectors doing really well."
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  • While some of the lost factory jobs are due to outsourcing to foreign plants, others have been lost to automation and improved efficiency.
  • U.S. aircraft production is at a record high and well ahead of the rest of the world.
  • U.S. auto production and employment has also been growing steadily since bottoming out in 2009 with the bankruptcies at GM and Chrysler.
  • The chemical boom has been fueled by the record U.S. energy boom, which has made oil and natural gas particularly cheap. Petroleum is a key raw material for many chemicals, most of which are produced using energy from natural gas.
rachelramirez

EgyptAir Flight Believed to Have Crashed at Sea; Egypt Cites Possible Terrorism - The N... - 0 views

  • EgyptAir Flight Believed to Have Crashed at Sea; Egypt Cites Possible Terrorism
  • the Greek authorities said debris believed to be from the wreckage had been found at a site around 205 nautical miles southeast of Crete and 190 nautical miles south of the Greek island of Karpathos.
  • Mr. Fathi said. Still, he said, “if you analyze the situation properly,” the possibility of “having a terror attack is higher than the possibility” of technical failure.
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  • At 2:37 a.m., shortly after entering Egyptian airspace, the plane made a 90-degree turn to the left and then a full circle to the right, first plunging to 15,000 feet from 37,000 feet and then to 9,000 feet
  • 30 were from Egypt, 15 from France, two from Iraq and one each from Algeria, Belgium, Britain, Canada, Chad, Kuwait, Portugal, Saudi Arabia and Sudan.
  • American and European officials have expressed concerns about security gaps in North African airports. Advertisement Continue reading the main story
  • Intelligence analysts who monitor jihadist websites and social media said there had been no claims of responsibility by terrorist groups.
  • At 4:26 a.m. — nearly two hours after the last radar contact — the plane emitted a signal, although it was not clear whether that was an emergency distress signal sent by a crew member or an automated signal from the plane’s onboard computers.
  • Egypt has come under criticism in the past for its lack of transparency in aviation accidents. In 1999, an EgyptAir flight crashed into the Atlantic Ocean shortly after takeoff from John F. Kennedy Airport in New York, killing all 217 on board.
Javier E

Donald Trump and the end of history - The Washington Post - 0 views

  • Fukuyama, you see, believed that just because we'd reached the end of history didn't mean we'd stay in the end of history. That peace and prosperity might not be enough for some people who would, "struggle for the sake of struggle" simply "out of a certain boredom" from living in a world that doesn't seem to have meaning or identity any more.
  • the white working class is letting out a wail across the Western world against a political system they don't think recognizes them, and a society they don't recognize themselves. Add in the monotony of day-to-day life—why not smash it up just to see what happens?—and you've got a global revolt against the global order.
  • the first 25 years of the postwar liberal order had maybe the best and most broadly-shared growth in all of human history. We built the UN to keep the peace, NATO to defend Europe, the IMF to help countries out of economic trouble, and a middle class that, if you were white, got the help it needed to own a home and go to college.
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  • Really, though, it's white men who are the ones rebelling against an economy that they feel like devalues their work, against a culture that they fear is devaluing their once-preeminent place in it, and against a mundane existence that devalues any kind of meaning.
  • Productivity growth stalled in the 1970s, and, at least in the United States, what economic growth there was overwhelmingly accrued to the top 1 percent in the 1980s and beyond. Part of this was due to Western workers having to compete with billions of Chinese, Indian, and Indonesian ones after the Berlin Wall came down. An even bigger part was good-paying jobs being automated into obsolescence. And the rest was policy—tax cuts for the rich, deunionization for the rest, and deregulation for Wall Street—which is why inflation-adjusted median incomes stagnated even more in the U.S. than in Europe
  • Trump supporters aren't any more likely to have come from places that have lost a lot of manufacturing jobs or have a lot of immigrants. The opposite, actually. Nor are they just people who are barely getting by. They tend to be a rung or two above that—decently middle class or more—who nonetheless might feel economically insecure because they haven't gotten a raise in a long time, and see everyone else around them doing even worse.
  • It's no surprise that these kind of economic grievances can ratchet up racial ones.
  • as Harvard economist Ben Friedman found in The Moral Consequences of Economic Growth, "a rising standard of living for the clear majority of citizens more often than not fosters greater opportunity, tolerance of diversity, social mobility, commitment to fairness, and dedication to democracy." So a stagnant one can make people meaner, less generous, and more suspicious of people who don't sound, look, or worship like they do.
  • it's important to point out that a weak economy isn't necessary for this kind of backlash. Any time white people—and really white men—feel like their position in society is being challenged in any way, this has happened. Like it did, for example, even when the economy was booming during the civil rights movement.
  • The fact is that a lot of white people don't like being around minorities who haven't assimilated, and they don't want to assimilate to a culture where they'll soon be a minority themselves
  • even white liberals who aren't used to hearing Spanish in public became much more opposed to increased immigration and much less in favor of letting kids who were born here stay here if their parents were undocumented once they were exposed to Spanish-speakers during their morning commutes. Which seems to explain why, as the Wall Street Journal found, the counties that experienced the fastest minority growth between 2000 and today voted so heavily for Trump.
  • As researchers Maureen Craig and Jennifer Richeson found, all you have to do is remind them that the country is on track to being majority-minority to make them endorse these kind of racially conservative policies.
  • But it's not just minorities who white men are worried about. It's women too—or one woman in particular.
  • There's still a socially-accepted hostility to women being in charge, a fear that this would make a man not a man, and a feeling that women shouldn't even try to act like men. Researchers Tyler Okimoto and Victoria Brescall found that people experienced "moral outrage" when they were told that a hypothetical female politician was ambitious, but nothing when they were told a male was.
  • For a lot of people, there is no great cause, no great conflict, no great meaning to it all. The big battles have already been won, and now there are just bills to pay and weekends to look forward to.  The problem with this, Fukuyama wrote, is that "if men cannot struggle on behalf of a just cause because the just cause was victorious in an earlier generation, then they will struggle against the just cause."
  • it's something that his supporters don't seem to mind. Earlier this the year, 84 percent of them said that "what we need is a leader who will say or do anything to solve America's problems." Constitutional conservatism this is not.
  • It's not clear what is to be done. It's true that for almost 35 years now the liberal international order has failed to give rich world workers the rising standard of living they expect. Insofar as that was what was motivating Trump's supporters, we could redistribute more to try to make the economy work for everyone. But Europe already does that, and it hasn't stopped the rise of right-wing nationalists there.
  • But insofar as Trump's voters were really driven by a fear of a future where white men are no longer politically, economically, and culturally dominant, there's nothing we should do. Some things should not be accommodated
  • It's possible that 2016 will be our own 1914. Not that we'll descend into a paroxysm of suicidal violence, but that a world that was defined by openness might give way to one that's not.
  • For the last 70 years, liberal democracy has guaranteed people's individual rights, and the U.S. has guaranteed liberal democracy's right to exist. All of that is doubt now.
  • Whatever its flaws, the liberal international order gave us peace and prosperity on a scale heretofore unknown in human history. And perhaps in our future too.
malonema1

How will the UK adapt to the Fourth Industrial Revolution? - 0 views

  • The world has seen a remarkable improvement in the quality of life in the last 200 years or so
  • In fact, thanks to the computing and Internet revolution, the UK’s economy expanded more than 8 times in this period to reach $1.0932 trillion.
  • These developments are creating a world where humans and smart machines are becoming interdependent of each other.
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  • This interconnectivity between people, between machines and between people and machines will help the economy to grow at an even faster pace, to an estimated US $150-170 trillion by 2050.
  • In 2015 there were 1,700 fatalities on UK roads and 162,000 seriously injured
  • Fears of AI as a ‘job-killer’ may well be overblown: while the technology will inevitably lead to certain roles being automated, business leaders are also confident that there will be an upswing in new types of job as well.
  • The UK in 2050 will be a place where people will live longer and learning will be continuous
Javier E

The Spiritual Crisis of the Modern Economy - The Atlantic - 0 views

  • This go-it-alone mentality works against the ways that, historically, workers have improved their lot. It encourages workers to see unions and government as flawed institutions that coddle the undeserving, rather than as useful, if imperfect, means of raising the relative prospects of all workers.
  • It also makes it more likely that white workers will direct their frustration toward racial and ethnic minorities, economic scapegoats who are dismissed as freeloaders unworthy of help—in a recent survey, 64 percent of Trump voters (not all of whom, of course, are part of the white working class) agreed that “average Americans” had gotten less they they deserved, but this figure dropped to 12 percent when that phrase was replaced with “blacks.” (Among Clinton voters, the figure stayed steady at 57 percent for both phrases.
  • This is one reason that enacting good policies is, while important, not enough to address economic inequality. What’s needed as well is a broader revision of a culture that makes those who struggle feel like losers.
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  • One explanation for why so many come to that conclusion in the first place has to do with the widening of the gulf between America’s coasts and the region in between them
  • Cities that can entice well-educated professionals are booming, even as “flyover” communities have largely seen good-paying factory work automated or shipped overseas, replaced to a large extent with insecure jobs: Walmart greeters, independent-contractor truck drivers, and the like.
  • a college degree has become the true mark of individual success in America—the sort of white-picket-fence fantasy that drives people well into their elder years to head back to school
  • the white working class that emerged in the 19th century—stitched together from long-combative European ethnic groups—strived to set themselves apart from African Americans, Chinese, and other vilified “indispensable enemies,” and build, by contrast (at least in their view), a sense of workingman pride.
  • this last election was a reminder that white male resentment of “nasty” women and “uppity” racial and other minorities remains strong.
  • That said, many Americans with more stable, better-paid jobs have blind spots of their own. For all of their professed open-mindedness in other areas, millions of the well-educated and well-off who live in or near big cities tend to endorse the notion, explicitly or implicitly, that education determines a person’s value
  • white voters from hard-hit rural areas and hollowed-out industrial towns have turned away from a Democratic Party that has offered them little in the way of hope and inspiration and much in the way of disdain and blame.
  • such a fervent belief in the transformative power of education also implies that a lack of it amounts to personal failure—being a “stupid” person
  • As much as both liberals and conservatives have touted education as a means of attaining social mobility, economic trends suggest that this strategy has limits, especially in its ability to do anything about the country’s rapidly growing inequalities
  • Well into the 21st century, two-thirds of Americans age 25 and over do not have a bachelor’s degree. The labor market has become more polarized, as highly paid jobs for workers with middling levels of education and skill dwindle away.
  • even some workers I spoke to—all former union members—said they felt that people without a good education did not deserve to make a good living.
  • The rules of meritocracy that these blue-collar workers say they admire barely apply to the very top levels of the economy. Groups of elite workers—professionals, managers, financial workers, tenured professors—continue to wall themselves off from competition. They still organize collectively, through lobbying, credentialing, licensing, and other strategies. But fewer ordinary workers have the same ability to do so
  • What has emerged in the new economy, then, is a stunted meritocracy: meritocracy for you, but not for me
  • One of the few things he could really depend on was his church. He volunteered on their Sunday-school bus, leading the kids in singing songs. “It helps to be around young people,” he said. For many of the jobless workers I interviewed, religion and tradition provided a sense of community and a feeling that their lives had purpose.
  • However exaggerated by stereotypes, the urbane, urban values of the well-educated professional class, with its postmodern cultural relativism and its rejection of old dogmas, are not attractive alternatives to what the working class has long relied on as a source of solace.
  • In the absence of other sources of meaning, Americans are left with meritocracy, a game of status and success, along with the often ruthless competition it engenders. And the consequence of a perspective of self-reliance—Americans, compared to people in other countries, hold a particularly strong belief that people succeed through their own hard work—is a sense that those who fail are somehow inferior
  • The concept of grace comes from the Christian teaching that everyone, not just the deserving, is saved by God’s grace. Grace in the broader sense that I (an agnostic) am using, however, can be both secular and religious. In the simplest terms, it is about refusing to divide the world into camps of deserving and undeserving, as those on both the right and left are wont to do
  • It rejects an obsession with excusing nothing, with measuring and judging the worth of people based on everything from a spotty résumé to an offensive comment.
  • Unlike an egalitarian viewpoint focused on measuring and leveling inequalities, grace rejects categories of right and wrong, just and unjust, and offers neither retribution nor restitution, but forgiveness.
  • With a perspective of grace, it becomes clearer that America, the wealthiest of nations, possesses enough prosperity to provide adequately for all. It becomes easier to part with one’s hard-won treasure in order to pull others up, even if those being helped seem “undeserving”—a label that today serves as a justification for opposing the sharing of wealth on the grounds that it is a greedy plea from the resentful, idle, and envious.
  • ignorance shouldn’t be considered an irremediable sin. Yet many of the liberal, affluent, and college-educated too often reduce the beliefs of a significant segment of the population to a mash of evil and delusion
  • From gripes about the backwardness and boredom of small-town America to jokes about “rednecks” and “white trash” that are still acceptable to say in polite company, it’s no wonder that the white working class believes that others look down on them. That’s not to say their situation is worse than that of the black and Latino working classes—it’s to say that where exactly they fit in the hierarchy of oppression is a question that leads nowhere, given how much all these groups have struggled in recent decades.
  • While there are no simple explanations for the desperation and anger visible in many predominantly white working-class communities, perhaps the most astute and original diagnosis came from the rabbi and activist Michael Lerner, who, in assessing Donald Trump’s victory, looked from a broader vantage point than most. Underneath the populist ire, he wrote, was a suffering “rooted in the hidden injuries of class and in the spiritual crisis that the global competitive marketplace generates.”
  • That cuts right to it. The modern economy privileges the well-educated and highly-skilled, while giving them an excuse to denigrate the people at the bottom (both white and nonwhite) as lazy, untalented, uneducated, and unsophisticated.
  • many well-off Americans from across the political spectrum scorn the white working class in particular for holding onto religious superstitions and politically incorrect views, and pity them for working lousy jobs at dollar stores and fast-food restaurants that the better-off rarely set foot in
  • This system of categorizing Americans—the logical extension of life in what can be called an extreme meritocracy—can be pernicious: The culture holds up those who succeed as examples, however anecdotal, that everyone can make it in America. Meanwhile, those who fail attract disdain and indifference from the better-off, their low status all the more painful because it is regarded as deserved.
  • the shame of low status afflicts not just the unemployed, but also the underemployed. Their days are no longer filled with the dignified, if exhausting, work of making real things.
  • For less educated workers (of all races) who have struggled for months or years to get another job, failure is a source of deep shame and a reason for self-blame. Without the right markers of merit—a diploma, marketable skills, a good job—they are “scrubs” who don’t deserve romantic partners, “takers” living parasitically off the government, “losers” who won’t amount to anything
  • Even those who consider themselves lucky to have jobs can feel a sense of despair, seeing how poorly they stand relative to others, or how much their communities have unraveled, or how dim their children’s future seems to be: Research shows that people judge how well they’re doing through constant comparisons, and by these personal metrics they are hurting, whatever the national unemployment rate may be.
sarahbalick

Leading Hezbollah commander and key Israel target killed in Syria | World news | The Gu... - 0 views

  • Leading
  • Hezbollah
  • commander and key Israel target killed in Syria
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  • edia reports in Lebanon and Israel quickly suggested the blast had been caused by an Israeli airstrike, a suggestion to which Hezbollah gave weight, announcing it was investigating whether a “missile or artillery strike” had been responsible.
  • Badreddine was the most senior member of the organisation to have been killed since the
  • death
  • of his predecessor and brother-in-law, Imad Mughniyeh, who was assassinated by a joint Mossad/CIA operation in the Syrian capital in February 2008.
  • Announcing Badreddine’s death, Hezbollah said: “He said months ago that he would not return from Syria except as a martyr or carrying the flag of victory. He is the great jihadi leader Mustafa Badreddine, and he has returned today a martyr.”
  • The investigation will work to determine the nature of the explosion and its causes, whether it was due to an air or missile or artillery strike, and we will announce the results of the investigation soon.”
  • Hezbollah said he had been involved in nearly all the group’s operations since its inception in the early 1980s. Most had targeted Israel, which occupied Lebanon from 1982-2000. However, Badreddine had also been accused of leading a cell that was allegedly responsible for the assassination of former Lebanese prime minister Rafiq Hariri on the Beirut waterfront in February 2005.
  • Despite Israeli protests, Russia has recently proceeded with a long-delayed sale to Iran of the advanced S-300 weapons system, which can shoot down most modern fighter jets. Israeli officials have said they would prioritise tracking the whereabouts of the systems, the position of which in southern Lebanon would pose a potent threat to their air force.
  • Tens of thousands of mourners are expected to pay their respects at a shrine site for Hezbollah dead, which includes the graves of Imad and Jihad Mughniyah. Nasrallah is also expected to make a public statement – his second within a week. More news Topics Hezbollah Lebanon Iran Israel Middle East and North Africa Share on Facebook Share on Twitter Share via Email Share on Pinterest Share on LinkedIn Share on Google+ Share on WhatsApp Save for later Article saved <
abbykleman

Is Finland's basic universal income a solution to automation, fewer jobs and lower wages? - 0 views

  •  
    When he got the letter after Christmas saying he was entitled to an unconditional income of €560 (£478) a month, Mika Ruusunen couldn't believe his luck. "At first I thought it was a joke. I had to read it many times. I looked for any evidence it might be false."
Javier E

Amazon same-day delivery: How the e-commerce giant will destroy local retail. - Slate M... - 0 views

  • Amazon’s tax capitulation is part of a major shift in the company’s operations. Amazon’s grand strategy has been to set up distribution centers in faraway, low-cost states and then ship stuff to people in more populous, high-cost states. When I order stuff from Amazon, for instance, it gets shipped to California from one of the company’s massive warehouses in Kentucky or Nevada.
  • now Amazon has a new game. Now that it has agreed to collect sales taxes, the company can legally set up warehouses right inside some of the largest metropolitan areas in the nation. Why would it want to do that? Because Amazon’s new goal is to get stuff to you immediately—as soon as a few hours after you hit Buy
  • Same-day delivery has long been the holy grail of Internet retailers, something that dozens of startups have tried and failed to accomplish. (Remember Kozmo.com?) But Amazon is investing billions to make next-day delivery standard, and same-day delivery an option for lots of customers. If it can pull that off, the company will permanently alter how we shop. To put it more bluntly: Physical retailers will be hosed.
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  • In Seattle, New York, and the United Kingdom, the firm has set up automated “lockers” in drug stores and convenience stores. If you order something from Amazon and you work near one of these lockers, the company will offer to drop off your item there. On your way home from work, you can just stop by Rite Aid, punch in a security code, and get your stuff.
  • I’m a frequent Amazon shopper, and over the last few months I’ve noticed a significant improvement in its shipping times. As a subscriber to Amazon’s Prime subscription service, I’m used to getting two-day shipping on most items for free. But on about a third of my purchases, my package arrives after just one day for no extra charge. Sometimes the service is so speedy it seems almost magical. One Friday afternoon last month, I ordered three smoke alarms, and I debated paying extra for shipping so that I could install them over the weekend. The $9 per item that Amazon charges for Saturday delivery seemed too steep, though, so I went with standard two-day service. The next morning, the delivery guy arrived with my smoke detectors. I’d gotten next-day Saturday service for free
  • I suspect that, over the next few years, next-day service will become its default shipping method on most of its items. Meanwhile it will offer same-day service as a cheap upgrade. For $5 extra, you can have that laptop waiting for you when you get home from work. Wouldn’t you take that deal?
  • Order something in the morning and get it later in the day, without doing anything else. Why would you ever shop anywhere else?
Javier E

The Conversion of a Climate-Change Skeptic - NYTimes.com - 0 views

  • Last year, following an intensive research effort involving a dozen scientists, I concluded that global warming was real and that the prior estimates of the rate of warming were correct. I’m now going a step further: Humans are almost entirely the cause.
  • Our Berkeley Earth approach used sophisticated statistical methods developed largely by our lead scientist, Robert Rohde, which allowed us to determine earth land temperature much further back in time. We carefully studied issues raised by skeptics: biases from urban heating (we duplicated our results using rural data alone), from data selection (prior groups selected fewer than 20 percent of the available temperature stations; we used virtually 100 percent), from poor station quality (we separately analyzed good stations and poor ones) and from human intervention and data adjustment (our work is completely automated and hands-off). In our papers we demonstrate that none of these potentially troublesome effects unduly biased our conclusions.
  • The historic temperature pattern we observed has abrupt dips that match the emissions of known explosive volcanic eruptions; the particulates from such events reflect sunlight, make for beautiful sunsets and cool the earth’s surface for a few years. There are small, rapid variations attributable to El Niño and other ocean currents such as the Gulf Stream; because of such oscillations, the “flattening” of the recent temperature rise that some people claim is not, in our view, statistically significant. What has caused the gradual but systematic rise of two and a half degrees? We tried fitting the shape to simple math functions (exponentials, polynomials), to solar activity and even to rising functions like world population. By far the best match was to the record of atmospheric carbon dioxide, measured from atmospheric samples and air trapped in polar ice.
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  • our record is long enough that we could search for the fingerprint of solar variability, based on the historical record of sunspots. That fingerprint is absent.
  • How definite is the attribution to humans? The carbon dioxide curve gives a better match than anything else we’ve tried. Its magnitude is consistent with the calculated greenhouse effect — extra warming from trapped heat radiation. These facts don’t prove causality and they shouldn’t end skepticism, but they raise the bar: to be considered seriously, an alternative explanation must match the data at least as well as carbon dioxide does.
  • What about the future? As carbon dioxide emissions increase, the temperature should continue to rise. I expect the rate of warming to proceed at a steady pace, about one and a half degrees over land in the next 50 years, less if the oceans are included. But if China continues its rapid economic growth (it has averaged 10 percent per year over the last 20 years) and its vast use of coal (it typically adds one new gigawatt per month), then that same warming could take place in less than 20 years.
Javier E

Armies of Expensive Lawyers, Replaced by Cheaper Software - NYTimes.com - 0 views

  • Mike Lynch, the founder of Autonomy, is convinced that “legal is a sector that will likely employ fewer, not more, people in the U.S. in the future.” He estimated that the shift from manual document discovery to e-discovery would lead to a manpower reduction in which one lawyer would suffice for work that once required 500 and that the newest generation of software, which can detect duplicates and find clusters of important documents on a particular topic, could cut the head count by another 50 percent.
  • Mr. Herr, the former chemical company lawyer, used e-discovery software to reanalyze work his company’s lawyers did in the 1980s and ’90s. His human colleagues had been only 60 percent accurate, he found. “Think about how much money had been spent to be slightly better than a coin toss,
Javier E

Children Lost in War Zones and Disasters Find Their Families With an App - NYTimes.com - 0 views

  • Meant to run on hardware already in the field, like Blackberry devices, RapidFTR can add a child to the system with only scant bits of information. If a child cannot give their full name, or is too young or too scared speak, a photo alone can begin the process. The app works both with and without a wireless connection, by syncing to a server later, if needed.
  • His earlier projects in the N.Y.U. program were more whimsical. He created things like automated telephone pranks, but the child reunification app became his master’s thesis, and he later joined UNICEF as an employee. With the assistance of some pro-bono engineering from the software company Thoughtworks, he was able to get the program going and then recruited an army of volunteers to build RapidFTR
  • Today the program is entirely open-source and driven by volunteers. Mr. Just, too, has now become a volunteer for his own app, in addition to teaching the “Design for UNICEF” class that he was once a student in.
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  • Mr. Just said that he was aware of at least 70 children who have been reunited with their families through the app so far.
  • In considering his own project, as well as those of his future students, Mr. Just said, “one of the things I kept telling myself, was: you don’t have to ‘change the world’ to change the world.” SaveE-mailSharePrint
Javier E

With Uber, Less Reason to Own a Car - NYTimes.com - 0 views

  • if Uber and its ride-sharing competitors succeed, it wouldn’t be a stretch to see many small and midsize cities become transportation nirvanas on the order of Manhattan — places where forgoing car ownership isn’t just an outré lifestyle choice, but the preferred way to live.
  • “In many cities and even suburbs, it’s becoming much easier to organize your life car-free or car-lite,” said David A. King, an assistant professor of urban planning at Columbia University who studies technology and transportation. By car-lite, Dr. King means that instead of having one car for every driver, households can increasingly get by with owning just a single vehicle, thanks in part to tech-enabled services like Uber.
  • car-sharing services like Zipcar and bike-sharing services have already led to a significant net reduction of car ownership among users.
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  • though you may think of taxis as a competitor to subways and buses, several studies have found just the opposite.
  • The richest Americans do use taxis more often than middle-class Americans, but so do the poorest Americans, who rely heavily on taxis for trips that aren’t practical through public transportation — shopping trips that involve heavy parcels that wouldn’t be convenient to take on the bus, say, or a ride back home after a medical procedure.
  • Taxis and other car services are usually seen as the province of the rich, but that’s only partly true, studies show.
  • many taxi trips are “multimodal,” meaning that riders mix taxis with other forms of transportation. For instance, people from other boroughs might get to Manhattan by train, and then use cabs to return home late at night.
  • “The one-way travel of taxis allows people to use transit, share rides and otherwise travel without a car,” the researchers wrote. “In this way taxis act as a complement to these other modes and help discourage auto ownership and use.”
  • There’s only one problem with taxis: In most American cities, Dr. King found, there just aren’t enough of them. Taxi service is generally capped by regulation, and in many cities the number of taxis has not been increased substantially in decades
  • Ride-sharing services solve this problem in two ways. First, they substantially increase the supply of for-hire vehicles on the road, which puts downward pressure on prices. As critics say, Uber and other services do this by essentially evading regulations that cap taxis. This has led to intense skirmishes with regulators
  • But Uber has done more than increase the supply of cars in the taxi market. Thanks to technology, it has also improved their utility and efficiency. By monitoring ridership, Uber can smartly allocate cars in places of high demand, and by connecting with users’ phones, it has automated the paying process. When you’re done with an Uber ride, you just leave the car; there’s no fiddling with a credit card and no tipping. Even better, there’s no parking.
  • Compared with that kind of convenience, a car that you own — which you have to park, fill up, fix, insure, clean and pay for whether you use it or not — begins to seem like kind of a drag.
Javier E

Is Google Making Students Stupid? - The Atlantic - 0 views

  • Carr includes other case studies: He describes doctors who become so reliant on decision-assistance software that they overlook subtle signals from patients or dismiss improbable but accurate diagnoses. He interviews architects whose drawing skills decay as they transition to digital platforms. And he recounts frightening instances when commercial airline pilots fail to perform simple corrections in emergencies because they are so used to trusting the autopilot system.
  • a vicious cycle: The more we use the technology, the more we need to use it in all circumstances. Suddenly, our position as masters of technology starts to seem more precarious.
  • Automating almost any task can rob us of an ability. The difference today is the sheer breadth of mental tasks that have been outsourced to machines.
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  • It’s neither necessary nor possible to abolish calculators and spellcheck programs in classrooms, but periodically removing these tools can help ensure that students use technology in order to free their minds for more interesting tasks—not because they can’t spell or compute without assistance.
Javier E

Amanda Ripley's 'Smartest Kids in the World' - NYTimes.com - 0 views

  • Ripley is offering to show how other nations educate students so much more effectively than we do
  • In the best tradition of travel writing, however, she gets well beneath the glossy surfaces of these foreign cultures, and manages to make our own culture look newly strange..
  • Why do you guys care so much?” Kim inquires of two Finnish girls. “I mean, what makes you work hard in school?” The students look baffled by her question. “It’s school,” one of them says. “How else will I graduate and go to university and get a good job?” It’s the only sensible answer, of course, but its irrefutable logic still eludes many American student
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  • how Finland does it: rather than “trying to reverse engineer a high-performance teaching culture through dazzlingly complex performance evaluations and value-added data analysis,” as we do, they ensure high-quality teaching from the beginning, allowing only top students to enroll in teacher-training programs, which are themselves far more demanding than such programs in America. A virtuous cycle is thus initiated: better-prepared, better-trained teachers can be given more autonomy, leading to more satisfied teachers who are also more likely to stay on.
  • Ripley made the canny choice to enlist “field agents” who could penetrate other countries’ schools far more fully than she: three American students, each studying abroad for a year.
  • yet another difference between the schools in top-performing countries and those in the United States. In Tom’s hometown high school, Ripley observes, sports were “the core culture.” Four local reporters show up to each football game. In Wroclaw, “sports simply did not figure into the school day; why would they? Plenty of kids played pickup soccer or basketball games on their own after school, but there was no confusion about what school was for — or what mattered to kids’ life chances.”
  • “In Korea, the hamster wheel created as many problems as it solved.” Still, if she had to choose between “the hamster wheel and the moon bounce that characterized many schools in the United States,” she would reluctantly pick the hamster wheel: “It was relentless and excessive, yes, but it also felt more honest. Kids in hamster-wheel countries knew what it felt like to grapple with complex ideas and think outside their comfort zone; they understood the value of persistence. They knew what it felt like to fail, work harder and do better. They were prepared for the modern world.” Not so American students, who are eased through high school only to discover, too late, that they lack the knowledge and skill to compete in the global economy.
  • Poland, a country that has scaled the heights of international test-score rankings in record time by following the formula common to Finland and South Korea: well-trained teachers, a rigorous curriculum and a challenging exam required of all graduating seniors
  • Ripley explains why: Historically, Americans “hadn’t needed a very rigorous education, and they hadn’t gotten it. Wealth had made rigor optional.” But now, she points out, “everything had changed. In an automated, global economy, kids needed to be driven; they need to know how to adapt, since they would be doing it all their lives. They needed a culture of rigor.”
  • The question is whether the startling perspective provided by this masterly book can also generate the will to make changes. For all our griping about American education, Ripley notes, we’ve got the schools we want.
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