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U.S. Reacting at Analog Pace to a Rising Digital Risk, Hacking Report Shows - The New Y... - 0 views

  • the United States government is still responding at an analog pace to a low-grade, though escalating, digital conflict.
  • to anyone who reads between the lines and knows a bit of the back story not included in the report, the long lag times between detection and reaction are stunning.
  • The delays reveal fundamental problems with American cyberdefenses and deterrence that President-elect Donald J. Trump will begin to confront in two weeks
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  • a failure of imagination about the motives and plans of a longtime adversary meant that government officials were not fully alert to the possibility that Mr. Putin might try tactics here that have worked so well for him in Ukraine, the Baltics and other parts of Europe.
  • while American intelligence officials — who were focused primarily on the Islamic State and other urgent threats like China’s action in the South China Sea and North Korea’s nuclear and missile threat — saw what was happening, they came late to its broader implications
  • It was telling that within an hour of the release of the report on Friday, the secretary of homeland security, Jeh Johnson, declared for the first time that America’s election system — the underpinning of its democracy — would be added to the list of “critical infrastructure.” This after years of cyberattacks on campaigns and government agencies.
  • “in July 2015, Russian intelligence gained access to Democratic National Committee networks” and stayed there for 11 months, roaming freely and copying the contents of emails that it ultimately released in the midst of the election. Classified briefings circulating in Washington indicate that British intelligence had alerted the United States to the intrusion by fall 2015.
  • Almost immediately, a low-level special agent with the F.B.I. alerted the Democratic National Committee’s information technology contractor, which doubted the call and did nothing for months. The F.B.I. failed to escalate the issue, even though it was clear from the start that the attackers were almost certainly the same Russians who had mounted similar campaigns against the State Department, the White House and the Joint Chiefs of Staff.
  • It was not until Oct. 7, 2016, 15 months after the initial hacking attack, that the intelligence agencies first publicly blamed Russia. Even then, Mr. Obama made it clear that he did not want to escalate the situation before the election, for fear of getting into a tit-for-tat cyberwar in which Russia might try to alter the actual vote tallying. (It did not.)
  • “The biggest frustration to me is speed, speed, speed,” he told the Senate Armed Services Committee on Thursday, in response to a question from Senator Jack Reed of Rhode Island, the top Democrat on the panel, about the obstacles to seeing a threat from abroad and acting on it here in the United States.
  • It is clear that Mr. Putin saw a huge vulnerability in the American system that was ripe to be exploited.
  • The country’s highly partisan politics, with cable channels and websites devoted to pressing an agenda for the fully convinced and the half-convinced, made it more vulnerable to any disclosures that could capture a news cycle
  • Add to that the uniquely Russian combination of covert espionage and the disclosure of the emails it harvested, as well as the release of “kompromat” — compromising information about politicians and policy makers — and “fake news,” a tactic not above American officials at times.
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Work Policies May Be Kinder, but Brutal Competition Isn't - The New York Times - 0 views

  • a closer look at the forces that drive the relentless pace at elite companies suggests that — however much the most sought-after employers in the country may be changing their official policies — brutal competition remains an inescapable component of workers’ daily lives. In some ways it’s getting worse.
  • the basic problem is that the rewards for ascending to top jobs at companies like Netflix and Goldman Sachs are not just enormous, they are also substantially greater than at companies in the next tier down. As a result, far more people are interested in these jobs than there are available slots, leading to the brutal competition
  • Grueling competition remains perhaps the defining feature of the upper echelon in today’s white-collar workplace.
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  • If anything, analysts point out, Amazon offers at least one major advantage over many other companies, which is that its founder and chief executive, Jeff Bezos, has created a culture in which employees typically know exactly where they stand. “It’s a super attention-rich environment,” said Marcus Buckingham, an author and founder of the firm TMBC, which advises large companies on employee evaluation and performance. “There’s a lot of critical attention. They’re almost never ignored.”
  • The legal profession, one of the most brutal when it comes to pace and time commitment, illuminates the economic logic of a system where a large initial cohort of workers is gradually culled until only a small fraction are left.
  • The so-called Cravath system, named after the prestigious New York law firm known today as Cravath, Swaine & Moore, began to be put in place in the early 20th century. The firm and its imitators hired a large class of entry-level associates from the top law schools in the country, then relentlessly sifted them out over a period of several years, at the end of which only the most brilliant and productive — historically about one in 10 or 15 — became partners.
  • Those who did not make partner got first-rate legal training along the way, though, and were almost always able to land respectable jobs at lesser firms or as in-house corporate lawyers. For Cravath, it was also a plus: The partners made good money billing out its associates at top-of-market rates.
  • The thinning process even has its own name among scholars of law firms: the tournament.
  • Variations on the tournament are also the norm at elite management consulting firms and investment banks.
  • in many cases, many of the overachievers who are candidates for upper management at companies like Amazon welcome the breakneck pace and unyielding expectations. They just want to know that the system will be meritocratic. “We don’t mind competition,” he said. “We mind unfair competition.”
  • But there are some signs of change, as more and more young highly credentialed workers acknowledge that they can’t fulfill their responsibilities as husbands, wives, parents and friends while ascending through their organizations.
  • As in previous decades, the legal profession may hint at what’s to come. Alternative work arrangements are proliferating, and many previously elite firms are finding they no longer have the profits or the partnership slots to make the Cravath system work, abandoning the field of play to only a tiny number of ultrasuccessful firms.
  • “Amazon is at the top of the food chain,” Professor Henderson said. “Maybe they can get away with it. But most firms can’t rank and yank.”
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The Promise at Technology's Powerful Heart - WSJ - 0 views

  • Fifty years ago, on April 19, 1965, chemist and reluctant entrepreneur Gordon E. Moore set out to graph the rapid rate of improvement in semiconductor-chip performance—and ended up discovering the heartbeat of the modern world. That discovery is what became known as “Moore’s Law,” which is the observation that performance (speed, price, size) of integrated circuits, aka microchips, regularly doubled every 18 months.
  • it has proved to be the most effective predictive tool of new chip generations, technology innovation and even social and cultural changes of the last half-century.
  • If some of the recent breakthroughs in atomic-level transistors, nanotechnology and biological computers prove fruitful, Moore’s Law could again accelerate, or at least continue to rule, for decades to come. It now seems more likely than ever that a thousand years from now, what will be remembered most about our time will be its stunning efflorescence of innovation and entrepreneurship. By then Moore’s Law will have become Moore’s Era.
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  • These predictions have enormous implications for the millennial generation now entering the workforce. They have never known a world not defined by Moore’s Law. But unlike their generational predecessors, to this new cohort social networks and iPhone apps are old hat.
  • What obsesses them is hardware—drones, robots, 3-D printing—that is even more closely connected to the fortunes of Moore’s Law. Their careers will rise and fall on how well they ride the curve of an equation devised during the Johnson administration
  • And what a curve it will be. Moore’s Law is creative destruction on steroids. It regularly fosters the next wave of entrepreneurial opportunities made possible by the latest jump in chip performance. It can be blamed for much of the 90% mortality rate of electronics startups.
  • The great turning took place a decade ago, while we were all distracted by social networking, smartphones and the emerging banking crisis. Its breathtaking climb since tells us that everything of the previous 40 years—that is, the multi-trillion-dollar revolution in semiconductors, computers, communications and the Internet—was likely nothing but a prelude, a warm-up, for what is to come. It will be upon this wall that millennials will climb their careers against almost-unimaginably quick, complex and ever-changing competition.
  • Crowd-sharing, crowdfunding, bitcoin, micro-venture funding, cloud computing, Big Data—all have been early attempts, of varying success, to cope with the next phase of Moore’s Law. Expect many more to come. Meanwhile, as always, this new pace will become the metronome of the larger culture.
  • Rigid command-and-control structures in every walk of life, from corporations to governments to education, become vulnerable to competition by adaptive and short-lived alliances and confederacies. Now that process is going to attack every corner of society.
  • Even the human brain will be challenged by artificial intelligence—the latter enjoying the advantage of continuously improving at the pace of Moore’s Law.
  • Millennials face one of the greatest opportunities any generation has ever known: to completely remake the world through boundless digital technology.
  • The good news is that this generation seems to be already, often unconsciously, preparing for this adventure—through robotics competitions, gatherings of tech enthusiasts, engineers and tinkerers at Maker Faires and other do-it-yourself events, and playing with new applications for their drones and 3D printers. Having lived their entire lives at the pace of Moore’s Law, they seem to sense that the time has come to hit the accelerator. If millennials don’t entirely get it yet, they soon will.
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Biden says "nothing has changed," but numbers of child migrants on record pace : NPR - 0 views

  • President Biden claimed Thursday in his first press conference since taking office that "nothing has changed" compared to earlier influxes of migrants and unaccompanied children at the border.
  • The Biden administration has been grappling with surging numbers of migrants, especially children arriving at the border without their parents. It is true, as Biden states, that numbers often rise during the early months of the year when temperatures begin to warm. But the number of children arriving today without their parents is considerably higher than at the same time in 2019 and 2020.
  • In fact, the number of unaccompanied children being apprehended by the Border Patrol were higher in February than they've been any previous February since 2014, according to data shared with NPR by the nonpartisan Migration Policy Institute.
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  • Authorities encountered 9,297 children without a parent in February, a 30% increase from 2019 during the last major influx of unaccompanied children. To be sure, it's still below the peaks of 11,000 unaccompanied minors who arrived in May 2019 and above 10,000 in June 2014, but experts and administration officials expect those records to be broken this year.
  • Homeland Security Secretary Alejandro Mayorkas said last week that U.S. agents are on pace to intercept more migrants on the southwest border in 2021 than they have in the last two decades.The reasons for the influx of migrants from Central America are vast and complex. They are also deeply personal for each family who chooses to leave their home.
  • Jessica Bolter, an analyst at the Migration Policy Institute, says they involve a mix of longstanding factors, such as poverty and corruption, as well as new factors such as two recent hurricanes and widespread unemployment due to the pandemic.
  • U.S. Customs and Border Protection agents apprehended an average of 5,000 undocumented immigrants per day over the past 30 days, including about 500 unaccompanied children, according to a senior Border Patrol official who spoke to reporters on Friday.
  • The official said the influx was "much different" than previous years, citing the large number of unaccompanied children and families traveling. As of Wednesday, more than 5,000 unaccompanied migrant children and teens were stuck in Border Patrol facilities waiting for beds in more appropriate shelters built for children, according to Department of Homeland Security data viewed by NPR.
  • The Border Patrol official told reporters Friday that agents are trying to discharge the children from warehouses and jail-like holding cells as quickly as possible, but there's a bottleneck because the government can't open child shelters run by the Department of Health and Human Services fast enough to accommodate everyone who's crossing.
  • The Biden administration is working with other agencies trying find more bed space. They're using places like the San Diego Convention Center to hold unaccompanied minors so they're not sleeping in cells on the border. The challenges in Central America – and at the border – have become cyclical.
  • Like under previous presidents, the Biden administration was not prepared to shelter this many arriving children. But Bolter questions whether this is some kind of a new "crisis." She says this part of the same flow of migrants that the United States has been experiencing over the last decade.
  • Up until 2012, the vast majority of apprehensions at the southwest border were of young Mexican males coming across to find work in the United States. Two years later, the majority of cases coming across the southwest border were from Central America and were a mix people, families and unaccompanied children.
  • The Biden administration also has long term plans to deal more directly with these issues in Central America. They include developing more legal avenues to seek asylum so that migrants don't feel they have to choose illegal avenues. And Biden just sent three top officials to Mexico and Guatemala as part of efforts to tackle the root causes of migration, something he also just tasked Vice President Harris with leading.
  • He told NPR's Steve Inskeep Friday that the administration wants to help countries in the region create the right environment for international investment that drives economic prosperity, but also has ways to encourage better behavior from money launderers and other corrupt officials.
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Why Biden's secretary of state pick tells us a lot about his priorities as president - ... - 0 views

  • Joe Biden is poised to name Antony Blinken as his secretary of state on Tuesday,
  • There's no set order to these things, of course, but it is absolutely purposeful and therefore noteworthy that Biden is not only leading his Cabinet announcements with the nation's top diplomat but also that he is doing it so early in his transition.
  • "You're going to see the first of the President-elect's cabinet appointments on Tuesday of this week. Meeting the pace -- beating, in fact, the pace that was set by the Obama/Biden transition, beating the pace set by the Trump transition."
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  • Fixing America's standing in the world -- after four years of President Trump fighting our traditional allies and making nice with our longtime enemies -- is absolutely urgent. There's no time to waste.
  • The primacy of the secretary of state pick is meant to send that message not just to the federal bureaucracy, but, more importantly, to the world community.
  • The last four years are an aberration. It is not who we will be.Read More .duval-3{width:100%;position: relative; border: 1px solid #979797; border-left: none; border-right: none;padding: 20px 0; box-sizing: border-box; -webkit-box-sizing: border-box; -moz-box-sizing: border-box; margin: 0 0 20px 0; max-width: 660px;} .duval-3 a{color: #1a1a1a; text-decoration: none;font-size: 0;} .duval-3 a:hover { color: #d9d9d9; text-decoration: underline; -moz-text-decoration-color: #d9d9d9; text-decoration-color: #d9d9d9; } .duval-3>a>*{vertical-align: top; display: inline-block;} .duval-3>a>div{display: inline-block; font-size:1.0666667rem;width: 80%; padding-top: 0px; padding-left: 2%;} .duval-3>a>img{width: 18%; height: auto;} @media screen and (max-width:640px){ .duval-3>a>*{display:block; margin: auto;} .duval-3>a>div{width: 100%;} .duval-3>a>img{width: 50%;} }
  • He, like Klain, has deep roots with Biden. He served as staff director at the Senate Foreign Relations Committee when Biden chaired it.
  • And like Klain, he is a longtime Democratic policy hand. Blinken served in the Clinton administration as special assistant to the president and chief foreign policy speechwriter for the president. close dialogSign up for CNN's CNN's Chris Cillizza cuts through the political spin and tells you what you need to know. Please enter above Sign Me UpNo ThanksBy subscribing, you agree to ourprivacy policy.You're on the list for CNN'sCNN's Chris Cillizza cuts through the political spin and tells you what you need to know. close dialog/* effects for .bx-campaign-1219472 *//* custom css .bx-campaign-1219472 *//* custom css from creative 47804 */@-ms-keyframes bx-anim-1219472-spin { from { -ms-transform: rotate(0deg); } to { -ms-transform: rotate(360deg); } } @-moz-keyframes bx-anim-1219472-spin { from { -moz-transform: rotate(0deg); } to { -moz-transform: rotate(360deg); } } @-webkit-keyframes bx-anim-1219472-spin { from { -webkit-transform: rotate(0deg); } to { -webkit-transform: rotate(360deg); } } @keyframes bx-anim-1219472-spin { from { transform: rotate(0deg); } to { transform: rotate(360deg); } }/* rendered styles .bx-campaign-1219472 */.bxc.bx-campaign-1219472.bx-active-step-1 .bx-creative> *:first-child {width: 780px;padding: 15px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1219472.bx-active-step-1 .bx-creative> *:first-child {width: 400px;}}@media all and (min-width: 737px) and (max-width: 1024px) {.bxc.bx-campaign-1219472.bx-active-step-1 .bx-creative> *:first-child {width: 737px;}}.bxc.bx-campaign-1219472.bx-active-step-1 .bx-creative:before {min-height: 230px;}.bxc.bx-campaign-1219472.bx-active-step-1 .bx-creative {background-color: #fefefe;border-style: solid;border-color: rgb(213, 213, 213);border-width: 1px 0;}@media all and (max-width: 736px) {.bxc.bx-campaign-1219472.bx-active-step-1 .bx-creative:before {min-height: 200px;}}.bxc.bx-campaign-1219472.bx-active-step-1 .bx-close {width: 20px;stroke: rgb(169, 169, 169);}.bxc.bx-campaign-1219472 .bx-group-1219472-tBtYNNU {width: 100%;padding: 0px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1219472 .bx-group-1219472-tBtYNNU {padding: 0px;text-align: center;}}.bxc.bx-campaign-1219472 .bx-element-1219472-vnxQeDA> *:first-child {font-weight: 700;font-size: 18px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1219472 .bx-element-1219472-vnxQeDA> *:first-child {font-size: 14px;}}.bxc.bx-campaign-1219472 .bx-group-1219472-zNZm3ba {width: auto;height: 100px;}.bxc.bx-campaign-1219472 .bx-element-1219472-bWybe9u {width: 254px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1219472 .bx-element-1219472-bWybe9u {width: 200px;}}.bxc.bx-campaign-1219472 .bx-element-1219472-bWybe9u> *:first-child {height: 100px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1219472 .bx-group-1219472-9wCndcV {width: 300px;}}.bxc.bx-campaign-1219472 .bx-element-1219472-XG1hSFu {padding: 0px 0px 20px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1219472 .bx-element-1219472-XG1hSFu {width: auto;padding: 0 0 15px;}}.bxc.bx-campaign-1219472 .bx-element-1219472-XG1hSFu> *:first-child {font-size: 14px;font-family: CNN,Helvetica Neue,Verdana,Helvetica,Arial,Utkal,sans-serif;font-weight: 400;color: #262626;letter-spacing: 0.01em
  • Blinken is a striking contrast to Trump's first secretary of state, former Exxon boss Rex Tillerson, who Trump touted as the crown jewel of his Cabinet but who proved ineffective at building relationships within the State Department or with the President.
  • The Blinken pick -- and Biden's decision to name him first among his Cabinet choices -- is best understood, then, as the President-elect doing everything he can to make clear that he will be the exact opposite of the man who preceded him in office.
  • If Trump ran and governed as the anti-Barack Obama, then Biden is signaling that he will govern as the anti-Trump. And the wheel turns.
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To Cut Emissions to Zero, U.S. Needs to Make Big Changes in Next 10 Years - The New Yor... - 0 views

  • If the United States wants to get serious about tackling climate change, the country will need to build a staggering amount of new energy infrastructure in just the next 10 years, laying down steel and concrete at a pace barely being contemplated today.
  • That’s one conclusion from a major study released Tuesday by a team of energy experts at Princeton University, who set out several exhaustively detailed scenarios for how the country could slash its greenhouse gas emissions down to zero by 2050.
  • That goal has been endorsed by President-elect Joseph R. Biden Jr., as well as numerous states and businesses, to help avoid the worst effects of global warming.
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  • The researchers identified a common set of drastic changes that the United States would need to make over the next decade to stay on pace for zero emissions.
  • This year, energy companies will install 42 gigawatts of new wind turbines and solar panels, smashing records. But that annual pace would need to nearly double over the next decade
  • The capacity of the nation’s electric grid would have to expand roughly 60 percent by 2030 to handle vast amounts of wind and solar power
  • By 2030, at least 50 percent of new cars sold would need to be battery-powered, with that share rising thereafter.
  • Most homes today are heated by natural gas or oil. But in the next 10 years, nearly one-quarter would need to be warmed with efficient electric heat pumps, double today’s numbers.
  • Virtually all of the 200 remaining coal-burning power plants would have to shut down by 2030.
  • “The scale of what we have to build in a very short time frame surprised me,” said Christopher Greig, a senior scientist at Princeton’s Andlinger Center for Energy and the Environment.
  • To start, the United States could make enormous strides over the next decade by rapidly scaling up solutions already in use today, like wind, solar, electric cars and heat pumps. Doing so would require $2.5 trillion in additional investments by governments and industry by 2030.
  • Wind and solar power could be backed up by batteries, some existing nuclear reactors and a large fleet of natural-gas plants that run only occasionally or have been modified to burn clean hydrogen.
  • Devices that suck carbon dioxide from the atmosphere could help offset emissions.
  • But most of those technologies are still in early development. That would have to change quickly.
  • “We need to be building up our options now,” said Jesse Jenkins, an energy systems engineer at Princeton.
  • The studies found that, if done right, getting to net zero appears broadly affordable, largely because technologies like wind and solar have become so much cheaper than anyone expected over the past decade.
  • “It’s not a question of whether we have enough land, because we do,” said Eric Larson, a senior research engineer at Princeton. “But with that many new projects, you have to ask if they’ll run into local opposition.”
  • Then there are jobs to consider. Net zero would mean eliminating coal and drastically reducing oil and gas use, displacing hundreds of thousands of fossil-fuel workers.
  • On the flip side, millions of new green jobs would spring up for workers retrofitting homes or building wind farms, though those jobs might not be located in the same regions.
  • Politicians would need to figure out how to gain public acceptance for the sweeping changes unfolding, while protecting vulnerable Americans from harm.
  • What both studies do illustrate is that there’s little room for delay.
  • “It may seem like 2050 is a long way off,” said Dr. Jenkins. “But if you think about the timelines for policies, business decisions and capital investments, it’s really more like the day after tomorrow.”
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U.S. Added 160,000 Jobs Last Month as Brisk Hiring Slowed - The New York Times - 0 views

  • The 160,000 increase in payrolls in April reported by the Labor Department on Friday followed the best two-year stretch for the job market since the tech-fueled boom of the late 1990s.
  • April’s slower but still steady pace of payroll growth could be a sign of things to come. With economists expecting the economy to grow at an annual rate of 1.5 to 2.5 percent for the balance of 2016, monthly job gains may fall from the 192,000 pace registered so far this year.
  • Diane Swonk, an independent economist in Chicago, pointed to the strong gain of 67,000 jobs in the business and professional services category as additional evidence that the broader slowdown in hiring last month was not an ominous sign of trouble ahead.
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U.S. Economy Better Than Thought, but Still Weak - The New York Times - 1 views

  • On Friday, the Commerce Department raised its estimate of the pace of growth in the first quarter of 2016 to 0.8 percent
  • For the second quarter, which covers April, May and June, most experts forecast that the pace will pick up to about 2.5 percent.
  • In 11 of the last 15 years, a listless January, February and March were followed by a snapback in economic expansion in the next quarter, a trend Ms. Swonk said could not be explained by “polar vortexes and other one-off factors.”
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Our Services | Education Elements - 0 views

  • Blended learning allows teachers to do what they do best – work directly and closely with individual students and small groups – by harnessing the adaptive power and precision of technology.
  • The best blended learning approaches use technology to: help each student master the content and skills they need, allow teachers to get the most out of their planning and instructional time, and streamline operations with costs similar to – or less than – traditional schooling.
  • In great blended learning schools, technology and teaching inform each other. Students alternate regularly between engaging with teachers and peers and focusing on online content tailored to their learning pace and progress.
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  • The result of smart blended learning is richer and deeper interactions between teachers and students (and between students themselves) than in traditional classrooms. Integrating technology and teaching allows students to fully master content and skills, and at the pace that’s right for them.
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The Big Debate - NYTimes.com - 1 views

  • The events of the past several years have exposed democracy’s structural flaws. Democracies tend to have a tough time with long-range planning. Voters tend to want more government services than they are willing to pay for. The system of checks and balances can slide into paralysis, as more interest groups acquire veto power over legislation.
  • Across the Western world, people are disgusted with their governments. There is a widening gap between the pace of social and economic change, and the pace of government change. In Britain, for example, productivity in the private service sector increased by 14 percent between 1999 and 2013, while productivity in the government sector fell by 1 percent between 1999 and 2010.
  • In places like Singapore and China, the best students are ruthlessly culled for government service. The technocratic elites play a bigger role in designing economic life. The safety net is smaller and less forgiving. In Singapore, 90 percent of what you get out of the key pension is what you
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  • Is democracy in long-run decline?
  • These Guardian States have some disadvantages compared with Western democracies. They are more corrupt. Because the systems are top-down, local government tends to be worse. But they have advantages. They are better at long-range thinking and can move fast because they limit democratic feedback and don’t face NIMBY-style impediments.
  • Most important, they are more innovative than Western democracies right now.
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How Amazon's Long Game Yielded a Retail Juggernaut - The New York Times - 0 views

  • Shares of Jeff Bezos’s company have doubled in value so far in 2015, pushing Amazon into the world’s 10 largest companies by stock market value, where it jockeys for position with General Electric and is far ahead of Walmart.
  • The simple story involves Amazon Web Services, the company’s cloud-computing business, which rents out vast amounts of server space to other companies.
  • Deutsche Bank estimates that A.W.S., which is less than a decade old, could soon be worth $160 billion as a stand-alone company. That’s more valuable than Intel.
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  • For years, observers have wondered if Amazon’s shopping business — you know, its main business — could ever really work. Investors gave Mr. Bezos enormous leeway to spend billions building out a distribution-center infrastructure, but it remained a semi-open question if the scale and pace of investments would ever pay off. Could this company ever make a whole lot of money selling so much for so little?
  • Amazon’s retail operations had reached a “critical scale” or an “inflection point.” They meant that Amazon’s enormous investments in infrastructure and logistics have begun to pay off. The company keeps capturing a larger slice of American and even international purchases. It keeps attracting more users to its Prime fast-shipping subscription program, and, albeit slowly, it is beginning to scratch out higher profits from shoppers.
  • Now that Amazon has hit this point, it’s difficult to see how any other retailer could catch up anytime soon. I recently asked a couple of Silicon Valley venture capitalists who have previously made huge investments in e-commerce whether they were keen to spend any more in the sector. They weren’t, citing Amazon.
  • “The truth is they’re building a really insurmountable infrastructure that I don’t see how others can really deal with,”
  • Amazon also faces a wider set of competitive threats internationally. Although it has reported increasingly brisk sales in India, the company has had a difficult time breaking into the lucrative Chinese market, where Alibaba dominates the shopping scene
  • Walmart, which on Tuesday published earnings that came in slightly above analysts’ expectations, is also spending billions to slow Amazon’s roll. But Walmart said that in its latest quarter, e-commerce sales had grown only 10 percent from a year ago. Amazon’s retail sales rose 20 percent during the same period.
  • What has been key to this rise, and missing from many of his competitors’ efforts, is patience. In a very old-fashioned manner, one that is far out of step with a corporate world in which milestones are measured every three months, Amazon has been willing to build its empire methodically and at great cost over almost two decades, despite skepticism from many sectors of the business world.
  • Amazon has built more than 100 warehouses from which to package and ship goods, and it hasn’t really slowed its pace in establishing more. Because the warehouses speed up Amazon’s shipping, encouraging more shopping, the costs of these centers is becoming an ever-smaller fraction of Amazon’s operations.
  • Amazon’s investments in Prime, the $99-a-year service that offers free two-day shipping, are also paying off. Last year Mr. Bezos told me that people were increasingly signing up for Prime for the company’s media offerings
  • Mr. Schachter, of Macquarie Securities, estimates that there will be at least 40 million Prime subscribers by the end of this year, and perhaps as many as 60 million, up from an estimated 30 million at the beginning of 2015
  • he predicted that by 2020, 50 percent of American households will have joined Prime, “and that’s very conservative,” he said.
  • its operating margin on the North American retail business was 3.5 percent, while Amazon Web Services’s margin was 25 percent.
  • “retail gross profit dollars per customer” — a fancy way of measuring how much Amazon makes from each shopper — has accelerated in each of the last four quarters, in part because of Prime. Amazon keeps winning “a larger share of customers’ wallets,” the firm said, eventually “leading to a period of sustained, rising profitability.”
  • “The thing about retail is, the consumer has near-perfect information,” said Paul Vogel, an analyst at Barclays. “So what’s the differentiator at this point? It’s selection. It’s service. It’s convenience. It’s how easy it is to use their interface. And Amazon’s got all this stuff already. How do you compete with that? I don’t know, man. It’s really hard.
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Andrew Sullivan: Portrait of the President As a Con Man - 0 views

  • One of the talking points for some who support continued mass immigration is the notion that the places where immigration is least popular are the places with the fewest number of immigrants. That’s how irrational xenophobia is, they suggest
  • the Migration Policy Institute complicates the picture a bit. While it finds that the number of immigrants increased by 9 percent between 2010 and 2016, it also notes that it had risen by 15 percent or more in 15 states. And among those states, most are red ones: North Dakota, West Virginia, South Dakota, Nebraska, Wyoming, Alaska, Indiana, and Iowa among them.
  • , the total numbers are nowhere near where they are in, say, California, but the pace of change really has increased in those states where opposition — especially to immigrants who entered the country illegally — is high. I don’t find this surprising.
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  • One other small thing to note: More than a fifth of Americans, according to this survey, now speak a language other than English at home. In Nevada and Florida, nearly a third of residents don’t speak English at home.
  • very few previous waves of immigrants have been so homogeneous for as long as the Spanish-speaking immigrants from Mexico and Central America currently are; their numbers are higher than any other previous wave; and few have been so thoroughly dispersed.
  • the sheer scale of the cultural transformation of the last couple of decades — the CDC predicts that close to a quarter of Americans will be Hispanic by 2035 — is undeniable.
  • If you ignore that, or insist that worrying about too fast a pace of cultural change is inherently racist, it’s relatively easy to insist that there is no immigration crisis
  • if you believe that nations require some continuity and cultural unity to cohere and endure, then the picture is somewhat different. There is a reason this issue has become so prominent in this country. And it isn’t entirely bigotry.
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'Human impulses run riot': China's shocking pace of change | News | The Guardian - 0 views

  • During the Cultural Revolution, there were certainly cases of husbands and wives denouncing each other and fathers and sons falling out, but these were not typical – the vast majority of families enjoyed unprecedented solidarity.
  • After Mao’s death, the economic reforms under Deng Xiaoping brought dramatic changes to China, changes that permeated all levels of Chinese society. In a matter of 30 years, we went from one extreme to another, from an era where human nature was suppressed to an era where human impulses could run riot, from an era when politics was paramount to an era when only money counts.
  • Before, limited by social constraints, people could feel a modicum of freedom only within the family; with the loss of those constraints, that modest freedom which was once so prized now counts for little.
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  • Extramarital affairs have become more and more widespread and are no longer a cause for shame. It is commonplace for successful men to keep a mistress, or sometimes multiple mistresses – which people often jokingly compare to a teapot needing at least four or five cups to make a full tea set.
  • In China today, Buddhist temples are crowded with worshippers, while Taoist temples are largely deserted. A few years ago, I asked a Taoist abbot: “Taoism is native to China, so why is it not as popular as Buddhism, which came here from abroad?” His answer was short: “Buddhism has money and Taoism doesn’t.”
  • In recent years, for instance, many retired military veterans have gathered together across the country in protests against the stingy benefits and pensions they receive from the state. Back in the 1980s, they argue, veterans used to be more generously rewarded, relative to the cost of living. Today, even though China is richer, they receive little
  • the fierce economic competition that now characterises life in China. In numerous industries, it has become common practice to try to secure more business by pushing down prices as low as they can possibly go
  • The result of all this ferocious competition is that the profit margin keeps getting slimmer and slimmer, and those who suffer most are ordinary workers, who often see no increase in their salary even as their work hours are extended.
  • Someone reported to me an exchange he had had with one of Shanghai’s ultra-rich, a man who had relied on bribery and other underhand methods to transform himself from a pauper into a millionaire.
  • Even Chinese beggars have to keep up with the times: sometimes they too have a QR code handy, and they will ask passersby to scan it and use the mobile payment platform to dispense some spare change.
  • This novelty is all the more remarkable given that just 30 years ago, when Chinese people went on business trips, they would worry so much about their money being stolen that they would hide cash in their underpants, the safest place for it.
  • Urbanisation has created a lot of problems, one of them being what happens after farmers move to cities. Local governments have expropriated large swathes of agricultural land to enable an enormous urban expansion program
  • After their land and houses in the countryside are expropriated, farmers “move upstairs” into housing blocks that the local government has provided in compensation. In wealthy counties, some farmers may be awarded up to three or four apartments, in which case they will live in one and rent out the other two or three; others may receive a large cash settlement.
  • how do they adjust to city life? Now disconnected from the form of labour to which they were accustomed, what new jobs are there for them to do? Some drive taxis and some open little shops, but others just loaf around, playing mahjong all day, and others take to gambling and lose everything they have
  • Mao’s monthly salary, for example, was just 404.8 yuan, compared to my parents’ joint income of 120 yuan. There was only a small gap between rich and poor, and social inequalities were limited.
  • in the space of just a few years, Alibaba’s Alipay mobile app and Tencent’s WeChat Pay app have been loaded on to practically every smartphone in the country. From big shopping malls to little corner shops – any place where a transaction can be made will have the scannable QR codes for these two payment platforms displayed in a prominent location.
  • How he wished he could be one of those workers, he said, for though their work was hard and their pay was low, they didn’t have to live in a state of such high anxiety. Faced with the prospect of losing everything they have gained, such people find themselves wishing their spectacular career hadn’t happened at all, wishing they could reclaim the past.
  • let me try to capture the changing outlook of three generations of Chinese boys as a way of mapping in simple terms China’s trajectory over the years. If you asked these boys what to look for in life, I think you would hear very different answers. A boy growing up in the Cultural Revolution might well have said: “Revolution and struggle.” A boy growing up in the early 1990s, as economic reforms entered their second decade, might well have said: “Career and love.” Today’s boy might well say: “Money and girls.”
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Quantifying the Coming Recession - The Atlantic - 0 views

  • we’re in a recession and everyone knows it. And what we’re experiencing is so much more than that: a black swan, a financial war, a plague
  • To quantify the present reality, we have to rely on anecdotes from businesses, surveys of workers, shreds of private data, and a few state numbers. They show an economy not in a downturn or a contraction or a soft patch, not experiencing losses or selling off or correcting. They show evaporation, disappearance on what feels like a religious scale.
  • What is happening is a shock to the American economy more sudden and severe than anyone alive has ever experienced
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  • The unemployment rate climbed to its apex of 9.9 percent 23 months after the formal start of the Great Recession. Just a few weeks into the domestic coronavirus pandemic, and just days into the imposition of emergency measures to arrest it, nearly 20 percent of workers report that they have lost hours or lost their job.
  • Absent a strong governmental response, the unemployment rate seems certain to reach heights not seen since the Great Depression or even the miserable late 1800s. A 20 percent rate is not impossible.
  • The economy is not tipping into a jobs crisis. It is exploding into one. Given the trajectory of state reports, it is certain that the country will set a record for new jobless claims next week, not only in raw numbers but also in the share of workers laid off. The total is expected to be in the range of 1.5 million to 2.5 million, and to climb from there.
  • The economy had been plodding along in its late expansion, growing at a 2 or 3 percent annual pace. Now, private forecasters expect it will contract at something like a 15 percent pace, though nobody really know
  • The markets are not normal, either. The stock market lost 20 percent of its value in just 21 days—the fastest and sharpest bear market on record, faster than 1929, faster than 1987, 10 times faster than 2007.
  • Yet in the real economy, everything has halted, frozen in place. This is not a recession. It is an ice age.
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California and Florida Prepare to Give Vaccine Access to All Adults - The New York Times - 0 views

  • Governors across the United States are speeding up eligibility for coronavirus vaccines as the number of new cases nationally plateaus, adding more urgency to vaccination efforts.
  • California will open up vaccine eligibility on April 1 to any resident who is 50 or older, and will expand that to residents 16 or older on April 15, state officials announced on Thursday, saying they could do so because of increasing supplies of vaccine from the federal government.
  • In Connecticut, which is among the most-vaccinated states in the country, Gov. Ned Lamont said Thursday that all residents 16 and above would be eligible beginning April 1.
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  • Gov. Andy Beshear of Kentucky said the state would open vaccinations to those 40 and older starting Monday, adding that a mask mandate would stay in place for at least another 30 days.
  • Alaska, Mississippi, Utah and West Virginia are the only states where all adults are now eligible to receive shots, but many more have announced plans to expand eligibility on or before May 1, a goal set by President Biden.
  • The nation is averaging about 2.5 million doses of vaccine a day. At that pace, about half of the nation’s population would be at least partially vaccinated by mid-May.
  • State officials said they expected California to start receiving 2.5 million doses a week in the first part of April, and more than three million by the second half of the month, a major increase from the current pace of about 1.8 million doses a week.
  • The governor has repeatedly said that short and unpredictable supplies have been to blame for what has been criticized as a confusing and chaotic vaccination process that has left many poorer communities to lag behind.
  • Florida, more than most states, has emphasized age, rather than occupation or other risk factors, in its approach to vaccine eligibility.
  • The number of new virus cases reported in Florida has been hovering around 4,600 a day in recent weeks, a level that health officials say is still too high, even though it has fallen significantly from a peak earlier this year.
  • The state’s efforts to reopen its tourism industry has not been without problems. In Miami Beach, local officials have been overwhelmed with spring break revelers who have ignored safety precautions like mask wearing and social distancing.
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As Auto Industry Goes Electric, Can It Avoid A Battery Bottleneck? : NPR - 0 views

  • Every major automaker is preparing to pivot from gas and diesel cars to electric and hybrid ones. Ford F-150s and Kia crossovers, Volkswagen hatchbacks and BMW sedans: They'll all plug in instead of fill up. It's a remarkable transformation that will change the way we drive and shake up world energy markets.
  • But the massive shift is raising concern that the world's battery supply chain, from mines to manufacturers, will fail to keep pace, leading to a bottleneck that will slow the pace of electrification and derail companies' business plans — and the fight against climate change.
  • So battery supplies will need to scale up fast — starting with the raw materials that go into them.
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  • In fact, a few years ago, lithium miners anticipated huge growth in electric-vehicle battery demand and expanded quickly — but the expected boom didn't come. Lithium prices collapsed.
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US coronavirus: The slowing Covid-19 vaccination rate is worrying experts. Here's what ... - 0 views

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  • As the US may miss a vaccination goal set by President Joe Biden for July 4, officials are warning against complacency and states are ramping up measures to encourage reluctant residents to get the Covid-19 vaccine.
  • A multitude of states and companies in the last month have hoped to create demand for vaccines by awarding prizes to those inoculated.
  • It had fallen to under a million a day on average earlier in the week.
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  • Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said Friday that the best way for the country to avoid another Covid-19 surge -- and another shut down -- is to get vaccinated.
  • A recent CNN analysis of CDC data found that the pace of newly-vaccinated adults will fall short of the Biden administration's goal of 70% of adults with one dose by July 4.
  • At present, 12 states have already met Biden's one-dose goal: California, Connecticut, Hawaii, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New Mexico, Pennsylvania, Rhode Island and Vermont.
  • The push to increase vaccinations is highlighted by further evidence that the mass vaccination programs this year have contributed greatly in the fight against Covid-19.
  • A daily average of 49,000 new cases reported to the CDC at the start of May has fallen to less than 14,000 Thursday.
  • Nearly 170 million people -- just over half of the total US population -- have received at least one dose of vaccine, and about 137.5 million people -- 41.4% of the population -- are fully vaccinated.
  • The CDC says vaccinated people may stop wearing masks in most cases, but unvaccinated people should continue to use them.
  • About 1.4 million new doses of Covid-19 vaccines have been administered since Thursday,
  • In Kentucky, Gov. Andy Beshear announced the state's new Covid-19 vaccine incentive which will give vaccinated adults "a shot at a million dollars," he said.
  • More than 2 million Kentuckians have already been vaccinated, but Beshear anticipates "a significant increase" following Friday's announcement, he said.
  • In Colorado, Gov. Jared Polis presented Sally Sliger with a super-sized check for $1 million as the winner of the first drawing in the state's 'Comeback Cash' initiative.
  • As vaccines continue to go into the arms of eligible teens and adults, health officials remain concerned over the safety of children. Only those ages 12 years and older are currently eligible to receive a Covid-19 vaccine in the US.
  • Research showing an increase in Covid-19 hospitalization rates among adolescents in the US is a reminder that even children can suffer from the virus,
  • As a result, bans on school mask mandates in states like Texas are irresponsible and could result in more children getting sick, Offit said.
  • Hawaii, which has maintained some of the toughest travel restrictions throughout the pandemic, is beginning to loosen rules on air travel, dropping its testing and quarantine requirements for people flying between the Hawaiian islands starting June 15. All pandemic restrictions will be lifted once the full vaccination rate reaches 70%,
  • The FDA's Vaccines and Related Biological Products Advisory Committee (VRBPAC), on which Offit sits, is set to meet on June 10 to discuss what the FDA should consider in either authorizing or approving the use of coronavirus vaccines in children under 12.
  • Both Moderna and Pfizer are running trials for their vaccines in children ages 11 and under.
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New York Fears Being 'Starved' for Vaccine Just as Rollout Speeds Up - The New York Times - 0 views

  • After a sluggish first month, the pace of coronavirus vaccinations is accelerating to the point that New York City and other places in the state expect to exhaust their supply of doses as early as next week, officials said on Friday, causing several health facilities to alter their immediate inoculation plans.On Thursday, Mount Sinai Hospital, one of Manhattan’s largest facilities, canceled many upcoming vaccination appointments for older patients, saying the doses it had anticipated receiving were no longer likely to arrive.
  • Elsewhere in New York, officials in at least one county said they had only enough doses to last through the weekend, echoing a similar sentiment by city officials.
  • Until recently, New York City had been struggling to quickly administer the doses it had received, and a large backlog of doses had built up. But in recent days, the pace of vaccinations has picked up drastically because of expanded eligibility and because many new vaccination sites have opened over the last week, including several large government-run ones.
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  • “The increasing problem now is there is not enough supply of vaccine to keep up with the first appointments, let alone the second appointments,” Mr. de Blasio said on Friday.
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Opinion | The Age of Aquarius, All Over Again! - The New York Times - 0 views

  • astrology. According to a 2018 Pew poll, 29 percent of Americans say they believe in astrology. That’s more than are members of mainline Protestant churches.
  • 44 percent of 18- to 24-year-olds say that astrology is somewhat or very “scientific.”
  • in 2017 the typical horoscope got 150 percent more traffic than it had the year before.
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  • witchcraft. In 1990, only 8,000 Americans self-identified as Wiccans. Ten years later there were 134,000, and today, along with other neo-pagans, there are over a million
  • “Wicca, by that estimation, is technically the fastest-growing religion in America.”
  • The third great rising spiritual force is mindfulness
  • The fourth is wokeness, what some have called the Great Awokening. Burton’s essay is really about how astrology and witchcraft have become important spiritual vocabularies within parts of the social justice movement.
  • These surging movements are people’s attempts to solve the major needs of the current moment
  • The first need is simply to find a way to be spiritual. People are always saying we live in a more secular age, but secularism never really comes
  • Humans are transcendent creatures who have spiritual experiences and instinctively appeal to supernatural powers.
  • Second, there is a widespread need to slow down, to escape the pace of life technology wants and to live at a human pace.
  • Third, there is a widespread need to express alienation
  • Political alienation manifests itself in the alt-right and the energized radical left. It makes sense that it would manifest itself in the spiritual realm, too.
  • Fourth is the need for identity markers
  • Astrology tells you who you are and what traits you have. In a highly diverse society, it also tells you what sort of people you’re likely to be compatible and incompatible with. When I hear people talk about astrology, this is how they are using it.
  • Fifth is the desire to live within a coherent creed and community, but without having that creed impinge on your individual autonomy
  • The emerging spirituality is a hodgepodge spirituality. Each person borrows practices from, say, Native American, Buddhist, Christian, Jewish and SoulCycle tradition
  • Finally, many people seem to want to be alternative without actually leaving the mainstream world
  • The people I know who talk about astrology sort of believe it, but they sort of don’t. Their attitude is ironical, attached and detached all at once.
  • I doubt it’s possible to have tight community and also total autonomy, that it’s possible to detach spiritual practices from the larger narratives and cultures and still have something life-shaping
  • We really are living through a moment of major transitional change.
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