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Javier E

Business - Derek Thompson - Your Day in a Chart: 10 Cool Facts About How Americans Spen... - 1 views

  • More than half our leisure time is dedicated to watching television. It would take nine average days of reading to add up to one typical day watching television.
  • The oldest Americans spend 9X as much time reading than the youngest Americans surveyed by BLS.
Javier E

The Economic History of the Last 2000 Years: Part III - The Atlantic - 0 views

  • You can call the graph below an "economic history of the world since Jesus." I've graphed each major power or region's share of world GDP since the year 1 AD
Javier E

To Make America Great Again, We Need to Leave the Country - Elliot Gerson - The Atlantic - 1 views

  • When Americans travel abroad, they are often surprised at how well other countries do the things we used to think America does best. In fact, one reason so many American businesses still lead the world is because they benchmark the competition and emulate best practices. But suggest to an American politician that we should try to learn from other countries, and he will look at you like you are from Mars. It is somehow unpatriotic even to raise such comparisons.
  • The U.S. is, for too many, the only country that matters; experiences anywhere else are irrelevant
  • New statistical evidence of this appears almost weekly. When it comes to student performance in mathematics, we are now 25th among the 34 advanced economies, and behind many developing countries as well. In college attendance, our previous preeminence has long faded; we are now 9th in percentage of younger workers with two-year or four-year degrees, and 12th in college graduation rate. In health, we are 37th in infant mortality and equally low in life expectancy. In environmental performance, we are 61st. In the percentage of people below the poverty line, we are 21st. Even when it comes to the "pursuit of happiness," enshrined in our Declaration of Independence as one of the noble goals of government, our citizens are only the 15th most satisfied with their lives.
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  • Sadly, and shockingly given where the U.S. used to stand in most rankings, few of the best practices foreign leaders want to emulate are any longer in the U.S.
  • Young Americans who see this country from different shores can't help but conclude that something is awry in a political culture that denies what they plainly see elsewhere: health care systems that provide better outcomes at lower cost and for everyone; better airports, faster trains, more extensive urban public transportation--and even, amazingly, better highways; more upward mobility (yes, the American dream is now more real in many other countries than it is here); more sustainable energy policies; elections that work more quickly and inexpensively, with more rational discourse and greater citizen participation. The list is long.
  • Consider some of the things that have fueled that American lantern of attraction for more than two centuries. Perhaps more than anything else, it has been the American Dream: the universal desire of all parents that their children will lead lives better than their own. This dream was given an American name, and not just in American dictionaries. But that dream is dying. And it can't be resuscitated if talented people sit on the political sidelines or don't attend the game at all. According to a recent Rasmussen poll, only 17 percent of Americans believe our national government possesses the consent of the governed. These numbers may not seem shocking, because they've been low for so long. But not always. In 1964, Pew found 77 percent of Americans expected their government to do "the right thing" most of the time.
  • One of the strongest indications of American democratic dysfunction is pervasive and expanding poverty. It is not just its existence in the richest country on earth that is shameful, but its utter absence from political discourse. Most of the poor don't vote; they have largely given up hope. And what national politician talks about poverty? Can you name any? America is moving toward the kind of bifurcated society we used to deride in banana republics--rich getting richer in gated communities, while the poor grow poorer, barely seen in segregated urban ghettos and hidden rural decay. Over 20 million Americans live in extreme poverty. One in 50 Americans' only income is food stamps. Add the poor and the near-poor--that is under $44K for a family of four--and you have more than 100 million people. The richest country in the world now has the highest rate of child poverty in the developed world. The U.S. has gone from being relatively egalitarian to one of the most unequal countries in the world.
  • hese are just a few signs that American government is broken. So why is it so broken? Let's consider the matter of money. When I left for Oxford in 1974, the total spent by all candidates for Congress, House and Senate, was $77 million. In 2010, it was $1.8 billion. Members of Congress spend up to 70 percent of their time raising money; that is their job; they become fundraisers far more than they are legislators. In that same year, 3 percent of retiring Congressmen became lobbyists. Now it's 50 percent of Senators, 42 percent of House members. Critics from the left and right and middle alike call our political finance system one of "legalized bribery."
Javier E

How The 0.1 Percent Lives Now - The Dish | By Andrew Sullivan - The Daily Beast - 0 views

  • Wealthy individuals may have been hiding as much as $32 trillion offshore at the end of 2010, according to Tax Justice Network, a U.K.-based organization that campaigns for transparency in the financial system. The estimate is almost three times the organization’s last estimate of $11.5 trillion in 2005. Fewer than 100,000 people own $9.8 trillion of offshore assets, according to the research, carried out by former McKinsey & Co. economist James Henry. There is a "huge black hole in the world economy" of untaxed private wealth, Henry said in a statement. "The lost tax revenue implied by our estimates is huge."
  • "These estimates reveal a staggering failure," says John Christensen of the Tax Justice Network. "Inequality is much, much worse than official statistics show, but politicians are still relying on trickle-down to transfer wealth to poorer people. This new data shows the exact opposite has happened: for three decades extraordinary wealth has been cascading into the offshore accounts of a tiny number of super-rich." ... In many cases, the total worth of these assets far exceeds the value of the overseas debts of the countries they came from.
  • We increasingly live in two worlds: the one where 99.9 percent of us live, and a separate, transnational society of the super-wealthy. One of whom we may elect to the presidency of the United States with the avowed intent of making those extremely wealthy people even wealthier.
Javier E

Business - Derek Thompson - How Americans Lost Two Decades of Wealth, in 1 Graph - The ... - 0 views

  • The typical American family's net worth plunged by 40 percent between 2007 and 2010, from $126,400 to $77,300, wiping out two decades of gains and thrusting the typical family's wealth back to 1992 levels.
  • median household wealth popped in the bubble and collapsed in the bust, as housing prices fell by 30 to 40 percent in the worst-hit metros, in California, Nevada, and Florida. In 2007, barely half of families surveyed by the Federal Reserve reported savings. Just as the boom made families feel richer, the financial shock made families feel poorer. And so falling housing prices led to falling wealth, which led to falling spending, which led to falling private sector revenue, which led to massive job cuts, which dragged down housing prices even further, and around and around we go.
  • this is why stimulus-supporters support stimulus. A nation that controls its currency and has low borrowing costs has not only an obligation but also an easy opportunity to step into the vicious cycle and erect a firewall -- either with (a) massive spending, (b) tax cuts, (c) lower interest rates, (d) higher inflation expectations, or (e) all of the above
Javier E

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

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

Welcome, Robot Overlords. Please Don't Fire Us? | Mother Jones - 0 views

  • There will be no place to go but the unemployment line.
  • Slowly but steadily, labor's share of total national income has gone down, while the share going to capital owners has gone up. The most obvious effect of this is the skyrocketing wealth of the top 1 percent, due mostly to huge increases in capital gains and investment income.
  • at this point our tale takes a darker turn. What do we do over the next few decades as robots become steadily more capable and steadily begin taking away all our jobs?
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  • The economics community just hasn't spent much time over the past couple of decades focusing on the effect that machine intelligence is likely to have on the labor marke
  • The Digital Revolution is different because computers can perform cognitive tasks too, and that means machines will eventually be able to run themselves. When that happens, they won't just put individuals out of work temporarily. Entire classes of workers will be out of work permanently. In other words, the Luddites weren't wrong. They were just 200 years too early
  • while it's easy to believe that some jobs can never be done by machines—do the elderly really want to be tended by robots?—that may not be true.
  • Robotic pets are growing so popular that Sherry Turkle, an MIT professor who studies the way we interact with technology, is uneasy about it: "The idea of some kind of artificial companionship," she says, "is already becoming the new normal."
  • robots will take over more and more jobs. And guess who will own all these robots? People with money, of course. As this happens, capital will become ever more powerful and labor will become ever more worthless. Those without money—most of us—will live on whatever crumbs the owners of capital allow us.
  • Economist Paul Krugman recently remarked that our long-standing belief in skills and education as the keys to financial success may well be outdated. In a blog post titled "Rise of the Robots," he reviewed some recent economic data and predicted that we're entering an era where the prime cause of income inequality will be something else entirely: capital vs. labor.
  • We're already seeing them, and not just because of the crash of 2008. They started showing up in the statistics more than a decade ago. For a while, though, they were masked by the dot-com and housing bubbles, so when the financial crisis hit, years' worth of decline was compressed into 24 months. The trend lines dropped off the cliff.
  • In the economics literature, the increase in the share of income going to capital owners is known as capital-biased technological change
  • The question we want to answer is simple: If CBTC is already happening—not a lot, but just a little bit—what trends would we expect to see? What are the signs of a computer-driven economy?
  • if automation were displacing labor, we'd expect to see a steady decline in the share of the population that's employed.
  • Second, we'd expect to see fewer job openings than in the past.
  • Third, as more people compete for fewer jobs, we'd expect to see middle-class incomes flatten in a race to the bottom.
  • Fourth, with consumption stagnant, we'd expect to see corporations stockpile more cash and, fearing weaker sales, invest less in new products and new factories
  • Fifth, as a result of all this, we'd expect to see labor's share of national income decline and capital's share rise.
  • There will be no place to go but the unemployment line.
  • The modern economy is complex, and most of these trends have multiple causes.
  • in another sense, we should be very alarmed. It's one thing to suggest that robots are going to cause mass unemployment starting in 2030 or so. We'd have some time to come to grips with that. But the evidence suggests that—slowly, haltingly—it's happening already, and we're simply not prepared for it.
  • the first jobs to go will be middle-skill jobs. Despite impressive advances, robots still don't have the dexterity to perform many common kinds of manual labor that are simple for humans—digging ditches, changing bedpans. Nor are they any good at jobs that require a lot of cognitive skill—teaching classes, writing magazine articles
  • in the middle you have jobs that are both fairly routine and require no manual dexterity. So that may be where the hollowing out starts: with desk jobs in places like accounting or customer support.
  • In fact, there's even a digital sports writer. It's true that a human being wrote this story—ask my mother if you're not sure—but in a decade or two I might be out of a job too
  • Doctors should probably be worried as well. Remember Watson, the Jeopardy!-playing computer? It's now being fed millions of pages of medical information so that it can help physicians do a better job of diagnosing diseases. In another decade, there's a good chance that Watson will be able to do this without any human help at all.
  • Take driverless cars.
  • Most likely, owners of capital would strongly resist higher taxes, as they always have, while workers would be unhappy with their enforced idleness. Still, the ancient Romans managed to get used to it—with slave labor playing the role of robots—and we might have to, as well.
  • There will be no place to go but the unemployment lin
  • we'll need to let go of some familiar convictions. Left-leaning observers may continue to think that stagnating incomes can be improved with better education and equality of opportunity. Conservatives will continue to insist that people without jobs are lazy bums who shouldn't be coddled. They'll both be wrong.
  • Corporate executives should worry too. For a while, everything will seem great for them: Falling labor costs will produce heftier profits and bigger bonuses. But then it will all come crashing down. After all, robots might be able to produce goods and services, but they can't consume them
  • we'll probably have only a few options open to us. The simplest, because it's relatively familiar, is to tax capital at high rates and use the money to support displaced workers. In other words, as The Economist's Ryan Avent puts it, "redistribution, and a lot of it."
  • would we be happy in a society that offers real work to a dwindling few and bread and circuses for the rest?
  • The next step might be passenger vehicles on fixed routes, like airport shuttles. Then long-haul trucks. Then buses and taxis. There are 2.5 million workers who drive trucks, buses, and taxis for a living, and there's a good chance that, one by one, all of them will be displaced
  •  economist Noah Smith suggests that we might have to fundamentally change the way we think about how we share economic growth. Right now, he points out, everyone is born with an endowment of labor by virtue of having a body and a brain that can be traded for income. But what to do when that endowment is worth a fraction of what it is today? Smith's suggestion: "Why not also an endowment of capital? What if, when each citizen turns 18, the government bought him or her a diversified portfolio of equity?"
  • In simple terms, if owners of capital are capturing an increasing fraction of national income, then that capital needs to be shared more widely if we want to maintain a middle-class society.
  • it's time to start thinking about our automated future in earnest. The history of mass economic displacement isn't encouraging—fascists in the '20s, Nazis in the '30s—and recent high levels of unemployment in Greece and Italy have already produced rioting in the streets and larger followings for right-wing populist parties. And that's after only a few years of misery.
  • When the robot revolution finally starts to happen, it's going to happen fast, and it's going to turn our world upside down. It's easy to joke about our future robot overlords—R2-D2 or the Terminator?—but the challenge that machine intelligence presents really isn't science fiction anymore. Like Lake Michigan with an inch of water in it, it's happening around us right now even if it's hard to see
  • A robotic paradise of leisure and contemplation eventually awaits us, but we have a long and dimly lit tunnel to navigate before we get there.
Javier E

McLean High School student's heroin overdose shows disturbing trend facing police - The... - 0 views

  • The drug seems to be permeating many places across the country. In a news release announcing a bust in New York on Friday, James J. Hunt, acting special agent in charge with the Drug Enforcement Administration, said heroin was “pummeling the northeast, leaving addiction, overdoses and fear in its wake.” In Vermont, the governor devoted much of his State of the State address to discussing heroin and opiate addiction.
  • In Maryland, state health officials said the number of such deaths increased from 245 in 2011 to 378 in 2012. In Virginia, officials said they recorded 91 accidental heroin deaths in the first nine months of 2012, up from 90 for all of 2011 and 70 for 2010. D.C. officials said their statistics are current only through 2011.
  • Many users, they say, are people who became dependent on prescription pain pills but can no longer get them because doctors and pharmacies have reformed how they are doled out.
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  • But heroin, officials say, is a dangerous substitute. Its dosage, they say, is not controlled by the pill, and its purity can vary wildly.“If you go to heroin, you don’t know who you’re getting it from, what it’s cut with, what quantity can I handle,
Javier E

Interview with World War II Historian Andrew Roberts - 0 views

  • You write that Hitler's war aims were impossible—how so? The Germans were trying to win a straightforward conventional war and, at the same time, trying to fight an ideological war: a specifically Nazi war as opposed to a German war. I believe that a true German nationalist—Otto von Bismarck, say, or Helmuth von Moltke—could have won the Second World War, because he wouldn't have made the kind of demands of the German military that Hitler did, which was to win a two-front conventional war while at the same time imposing the policies of the "Aryan master race." Those aims were directly in opposition.
  • Could the Nazis have won, had they done something differently? Absolutely. If they had not invaded the Soviet Union in 1941, and if they had instead thrown at the Allies even a fraction of the 3 million men they eventually unleashed against Russia, they would have chased us out of the Middle East and cut off access to 80 percent of the Allies' oil. We simply would not have been able to continue the struggle.
  • Was Hitler solely responsible for Germany's military blunders? No, there were plenty of people to blame. Luftwaffe chief Hermann Göring is a perfect example: He promised Hitler that no Allied bombs would fall on Germany; he promised to destroy the British Expeditionary Force at Dunkirk solely through airpower; he promised to completely supply the German forces at Stalingrad by air. Yet he could not deliver on any of these promises.
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  • In the end, all of these poor military leaders were appointed or promoted by Hitler, many solely because they were Nazis, and that's no way to fight—or win—a war.
  • Who were the most effective combat generals of the war? The Russian Georgy Zhukov, because he was given every impossible task and succeeded at all of them. For Germany, Erich von Manstein, who came up with the "sickle cut" maneuver that in May 1940 defeated France and was the most effective German general on the Eastern Front.
  • The Germans saw the Japanese as adjuncts to the greater effort they were putting in. The Japanese never trusted the Germans; they didn't even tell Berlin they were going to attack Pearl Harbor. Neither country put in the diplomatic work required to really coordinate their efforts. Essentially, the Second World War was two separate conflicts fought simultaneously.
  • The major problem with the historiography of World War II is the Cold War—it was not in the West's postwar interest to acknowledge that it was the Russians who destroyed the Wehrmacht, at an unbelievable cost to themselves. We are just now beginning to acknowledge the Soviet Union's contribution.
  • Statistically, the Eastern Front was where the war was won—out of every five Germans killed in battlefield combat, four died on the Eastern Front
Javier E

Tracing Ancestry, Researchers Produce a Genetic Atlas of Human Mixing Events - NYTimes.com - 0 views

  • geneticists applying new statistical approaches have taken a first shot at both identifying and dating the major population mixture events of the last 4,000 years, with the goal of providing a new source of information for historians.
  • Some of the hundred or so major mixing events they describe have plausible historical explanations, while many others remain to be accounted for.
  • many populations of the southern Mediterranean and Middle East have segments of African origin in their genomes that were inserted at times between A.D. 650 and 1900, according to the geneticists’ calculations. This could reflect the activity of the Arab slave trade,
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  • The dating system is based on measuring the length of chromosome segments of a particular ancestry that occur in a population. When people of two different populations intermarry, their children’s genomes carry large chunks of DNA of one parent’s ancestry interspersed with large chunks from the other’s.
  • Another mixing event is the injection of European-type DNA into the Kalash, a people of Pakistan, at some time between 990 and 210 B.C. This could reflect the invasion of India by Alexander the Great in 326 B.C. The Kalash claim to be descended from Alexander’s soldiers
  • Though all humans have the same set of genes, their genomes are studded with mutations, which are differences in the sequence of DNA units in the genome. These mutations occur in patterns because whole sets of mutations are passed down from parent to child and hence will be common in a particular population
  • The lowest amount of African admixture occurs in the Druse, a religious group of the Middle East that prohibited slavery and has been closed to converts since A.D. 1043.
  • from the average size of the chunks in a person’s genome, the geneticists can calculate the number of generations since the mixing event.
  • One of the most widespread events his group has detected is the injection of Mongol ancestry into populations within the Mongol empire, such as the Hazara of Afghanistan and the Uighur Turks of Central Asia.
  • the European colonization of America is recorded in the genomes of the Maya and Pima Indians. And Cambodian genomes mark the fall of the Khmer empire in the form of ancestral DNA from the invading Tai people.
  • They find among Northern Italians an insertion of Middle Eastern DNA that occurred between 776 B.C. and A.D. 550, and may represent the Etruscans, a mysterious people said by the ancient Greek historian Herodotus to have emigrated from Lydia in Turkey.
  • his method cannot yet detect genetic mixing between very similar populations, as was the case with the English and their invaders from Scandinavia and Northern Germany.
  • “In some sense we don’t want to talk to historians,” Dr. Falush said. “There’s a great virtue in being objective: You put the data in and get the history out. We do think this is a way of reconstructing history by just using DNA.”
Javier E

Jared Diamond in controversy over claim tribal peoples live in 'state of constant war' ... - 0 views

  • A fierce dispute has erupted between Pulitzer prize-winning author Jared Diamond and campaign group Survival International over Diamond’s recently published and highly acclaimed comparison of western and tribal societies, The World Until Yesterday: What Can We Learn from Traditional Societies?
  • each claiming the other has fallen into a delusion that threatens to undermine the chances for survival of the world’s remaining tribal societies.
  • Survival accuses Diamond of applying studies of 39 societies, of which 10 are in his realm of direct experience in New Guinea and neighbouring islands, to advance a thesis that tribal peoples across the world live in a state of near-constant warfare.
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  • “It’s a profoundly damaging argument that tribal peoples are more violent than us,” said Survival’s Jonathan Mazower. “It simply isn’t true. If allowed to go unchallenged … it would do tremendous damage to the movement for tribal people’s rights. Diamond has constructed his argument using a small minority of anthropologists and using statistics in a way that is misleading and manipulative.”
  • Diamond confirmed his finding that “tribal warfare tends to be chronic, because there are not strong central governments that can enforce peace”. He accused Survival of falling into the thinking that views tribal people either as “primitive brutish barbarians” or as “noble savages, peaceful paragons of virtue living in harmony with their environment, and admirable compared to us, who are the real brutes”.
  • “The clear thrust of his argument is that there is a natural evolutionary path along which human society progresses and we are simply further along it,” said Mazower. “That’s extremely dangerous, because it is the notion that they’re backward and need to be ‘developed’. That thinking – and not that their way of living might be just as modern as any other way of living – is the same thinking that underpins governments that persecute tribal people.”
  • Diamond says Survival’s condemnation of his book is driven by something other than facts. He argues its protectiveness toward tribal societies has led it to deny practices including warfare, infanticide, widow-strangling and abandoning the elderly. “Well-meaning defenders of traditional peoples, including apparently Corry, feel it necessary to deny the existence of those practices,” he said. “That’s a very bad idea – ‘extremely dangerous’, to use Corry’s words where they really belong.
  • “Mistreatment of tribal peoples should be condemned not because you claim that they are peaceful when they really are not. It should instead be condemned on moral grounds: the mistreatment of any people is wrong.”
  • Diamond said his manuscript was reviewed by dozens of expert anthropologists without objection and named several scholars who concurred with him. “They all conclude that the percentage of a population meeting a violent death per year, averaged over a long period of alternating war and peace, is on the average considerably higher in tribal societies than in state societies.”
Javier E

The Collapse of Big Law: A Cautionary Tale for Big Med - Richard Gunderman and Mark Mut... - 0 views

  • he law is not well. US law school applications are down by nearly half from eight years ago, and 85% of graduates now carry at least $100,000 in debt. More than 180 of the 200 US law schools are able to find jobs for more than 80% of their graduates. Median starting salaries for those who do find work are down by 17%, and more than a third of graduates cannot find full-time employment. Tellingly, lawyers have higher rates of depression and alcoholism than the general population. 
  • more fundamental problems emerge. One is the increasing popularity of law school rankings. In order to compete for students and tuition dollars, law schools do what they can to improve their standing, which means in part encouraging as many students as possible to apply and to take jobs with high-paying firms when they graduate
  • An even more serious problem is the way law firms keep score. One prevalent measure is PPP, or profit per partner, introduced by The American Lawyer in 1985. When such statistics began to be published, firms that thought they were doing well suddenly discovered that they were being outperformed by peers.  Soon bidding wars ensued for top earners, who are sometimes referred to as “rainmakers.”
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  • as soon as law firms begin measuring their performance by the revenue each attorney generates, money begins to supplant all other means of assessing performance.
  • To professionals who choose careers in fields such as law, medicine, and teaching, it is demoralizing to be treated as a unit of production. Even some of the lawyers earning millions of dollars report that they find little or no fulfillment in the work they do.
  • by stoking the flames of competition between law firms and attorneys, the current system has engrained what economists call a “zero-sum” mentality. There is only a relatively fixed quantity of legal work to be done, and for one firm or attorney to command more of it, others must make due with less.
  • As a professional, a lawyer represents her clients in the courtroom, in her office and at the negotiating table. She operates with an appreciation for her role in the adversarial judicial process, the need to educate clients about the limits and purpose of the law, and the importance of helping clients create frameworks to work together to form organizations, build businesses, and plan for the future. Doing these things well provides a sense of meaning and value in work.
  • As a mere service provider, by contrast, her role is to provide a discrete technical service—usually assumed to be the same as any other lawyer would provide—for a fee. Her success is measured not in the professional insight and practical wisdom she offers but in the technical efficiency with which she provides services and her ability to attract other clients willing to pay her to do the same. The sense of professional fulfillment associated with the role of service provider is small at best. 
Javier E

Robert W. Fogel Investigates Human Evolution - NYTimes.com - 0 views

  • “in most if not quite all parts of the world, the size, shape and longevity of the human body have changed more substantially, and much more rapidly, during the past three centuries than over many previous millennia.”
  • This “technophysio evolution,” powered by advances in food production and public health, has so outpaced traditional evolution, the authors argue, that people today stand apart not just from every other species, but from all previous generations of Homo sapiens as well.
  • “I don’t know that there is a bigger story in human history than the improvements in health, which include height, weight, disability and longevity,”
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  • the average adult man in 1850 in America stood about 5 feet 7 inches and weighed about 146 pounds; someone born then was expected to live until about 45. In the 1980s the typical man in his early 30s was about 5 feet 10 inches tall, weighed about 174 pounds and was likely to pass his 75th birthday. Across the Atlantic, at the time of the French Revolution, a 30-something Frenchman weighed about 110 pounds, compared with 170 pounds now. And in Norway an average 22-year-old man was about 5 ½ inches taller at the end of the 20th century (5 feet 10.7 inches) than in the middle of the 18th century (5 feet 5.2 inches).
  • Mr. Fogel and his colleagues’ great achievement was to figure out a way to measure some of that gain in body size, Mr. Preston said. Much of the evidence — childhood growth, mortality, adult living standards, labor productivity, food and manufacturing output — was available, but no one had put it all together in this way before.
julia rhodes

U.S. Citizens Renouncing Skyrocket---The Tina Turner Effect - Forbes - 0 views

  • America is a great land and lures immigrants worldwide, yet record numbers of U.S. citizens and permanent residents are giving up their citizenship or residency.
  • And this year that trend is up by at least 33%  from the previous high in 2011.
  • Since then, the tax and other consequences do not depend on why one leaves. Yet after Facebook co-founder Eduardo Saverin departed permanently for Singapore with his Facebook IPO riches, there was an angry backlash.
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  • Meantime, are people following Tina Turner’s lead? No, and not Eduardo Saverin’s either. Most expatriations are probably motivated primarily by factors such as family and convenience. Many people like Ms. Turner have built a life somewhere else and may not plan to need a U.S. passport.
  • Although statistics are not available for why people say a final good-bye, many now find America’s global income tax compliance and disclosure laws inconvenient and nettlesome.
  • What’s more, U.S. reporting is based on their worldwide income, even though they are paying taxes in the country where they live.
  • . It requires an annual Form 8938 to be filed with income tax returns for foreign assets meeting a threshold. And foreign banks are sufficiently worried about keeping the IRS happy that many simply do not want American account holders. Americans abroad can be pariahs shunned by banks for daily banking activities.
  • To exit, you generally must prove 5 years of tax compliance in the U.S. Plus, if you have a net worth greater than $2 million or have average annual net income tax for the 5 previous years of $155,000 or more (that’s tax, not income), you pay an exit tax.
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