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Javier E

Elon Musk, Sam Altman illustrate a Silicon Valley truth: icons are fallible - The Washi... - 0 views

  • The mutiny inside OpenAI over the firing and un-firing of chief executive Sam Altman, and the implosion of X under owner Elon Musk, are not just Silicon Valley soap operas. They’re reminders: A select few make the decisions inside these society-shaping platforms, and money drives it all.
  • The two companies built devoted followings by promising to build populist technology for a changing world: X, formerly known as Twitter, with its global village of conversations, and OpenAI, the research lab behind ChatGPT, with its super-intelligent companions for human thought.
  • But under Musk and Altman, the firms largely consolidated power within a small cadre of fellow believers and loyalists who deliberate in secrecy and answer to no one.
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  • “These are technologies that are supposed to be so democratized and universal, but they’re so heavily influenced by one person,”
  • “Everything they do is [framed as] a step toward much larger greatness and the transformation of society. But these are just cults of personality. They sell a product.”
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  • “These are private-sector people making money off something that serves a public function. And when they take a turn because of very personal, very individual decisions, where a handful of people are shaping the trajectory of these companies, maybe even the existence of these companies, that’s something new we all have to deal with.”
  • Jeff Hauser, the head of the left-leaning advocacy group Revolving Door Project, said in a statement Wednesday that Summers’s role on the board was a sign OpenAI was “unserious” about its oversight, and that it “should accelerate concerns that AI will be bad for all but the richest and most opportunistic amongst us.”
  • The corporate storytelling that pushes technology as a force for public harmony has proved to be one of Silicon Valley’s great marketing tools, said Margaret O’Mara, a professor at the University of Washington who studies the history of technology. But it’s also obscured the dangers of centralizing power and subjecting it to leaders’ personal whim
  • “Silicon Valley has for years adopted this messaging and mood that it’s all about radical transparency and openness — remember Google’s ‘Don’t be evil’ motto? — and this idea of a kinder, gentle capitalism that’s going to change the world for the better,” she said.
  • “Then you have these moments of reckoning and remember: It’s capitalism. Some tech billionaires lost, and some other ones are winning,”
  • where the other firms sold phones and search engines, Musk and Altman championed their work as a public mission for protecting mankind, with a for-profit business attached. It is notable that as private companies, they don’t have to report to federal regulators or to shareholders, who can vote down proposals or push back against their work.
  • Ro Khanna, who represents parts of Silicon Valley, said in an interview that the OpenAI turmoil underscores concerns that “a few people, no matter how talented, no matter how knowledgeable, can’t be making the rules for a society on a technology that is going to have such profound consequences.”
  • “We’ve seen a parade of these big tech leaders come to D.C.,” Khanna said. “I think highly of them, but they’re not the ones who should be leading the conversation on the regulatory framework, what safeguards we need.”
  • Musk on Tuesday posted a message, under a picture of him holding a katana, saying, “There is a large graveyard filled with my enemies. I do not wish to add to it, but will if given no choice.”
Javier E

We're That Much Likelier to Get Sick Now - The Atlantic - 0 views

  • Although neither RSV nor flu is shaping up to be particularly mild this year, says Caitlin Rivers, an epidemiologist at the Johns Hopkins Center for Health Security, both appear to be behaving more within their normal bounds.
  • But infections are still nowhere near back to their pre-pandemic norm. They never will be again. Adding another disease—COVID—to winter’s repertoire has meant exactly that: adding another disease, and a pretty horrific one at that, to winter’s repertoire.
  • “The probability that someone gets sick over the course of the winter is now increased,” Rivers told me, “because there is yet another germ to encounter.” The math is simple, even mind-numbingly obvious—a pathogenic n+1 that epidemiologists have seen coming since the pandemic’s earliest days. Now we’re living that reality, and its consequences.
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  • ‘Odds are, people are going to get sick this year,’”
  • In typical years, flu hospitalizes an estimated 140,000 to 710,000 people in the United States alone; some years, RSV can add on some 200,000 more. “Our baseline has never been great,” Yvonne Maldonado, a pediatrician at Stanford, told me. “Tens of thousands of people die every year.”
  • this time of year, on top of RSV, flu, and COVID, we also have to contend with a maelstrom of other airway viruses—among them, rhinoviruses, parainfluenza viruses, human metapneumovirus, and common-cold coronaviruses.
  • Illnesses not severe enough to land someone in the hospital could still leave them stuck at home for days or weeks on end, recovering or caring for sick kids—or shuffling back to work
  • “This is a more serious pathogen that is also more infectious,” Ajay Sethi, an epidemiologist at the University of Wisconsin at Madison, told me. In the past year, COVID-19 has killed some 80,000 Americans—a lighter toll than in the three years prior, but one that still dwarfs that of the worst flu seasons in the past decade.
  • Globally, the only infectious killer that rivals it in annual-death count is tuberculosis
  • Rivers also pointed to CDC data that track trends in deaths caused by pneumonia, flu, and COVID-19. Even when SARS-CoV-2 has been at its most muted, Rivers said, more people have been dying—especially during the cooler months—than they were at the pre-pandemic baseline.
  • This year, for the first time, millions of Americans have access to three lifesaving respiratory-virus vaccines, against flu, COVID, and RSV. Uptake for all three remains sleepy and halting; even the flu shot, the most established, is not performing above its pre-pandemic baseline.
  • COVID could now surge in the summer, shading into RSV’s autumn rise, before adding to flu’s winter burden, potentially dragging the misery out into spring. “Based on what I know right now, I am considering the season to be longer,” Rivers said.
  • barring further gargantuan leaps in viral evolution, the disease will continue to slowly mellow out in severity as our collective defenses build; the virus may also pose less of a transmission risk as the period during which people are infectious contracts
  • even if the dangers of COVID-19 are lilting toward an asymptote, experts still can’t say for sure where that asymptote might be relative to other diseases such as the flu—or how long it might take for the population to get there.
  • it seems extraordinarily unlikely to ever disappear. For the foreseeable future, “pretty much all years going forward are going to be worse than what we’ve been used to before,”
  • although a core contingent of Americans might still be more cautious than they were before the pandemic’s start—masking in public, testing before gathering, minding indoor air quality, avoiding others whenever they’re feeling sick—much of the country has readily returned to the pre-COVID mindset.
  • When I asked Hanage what precautions worthy of a respiratory disease with a death count roughly twice that of flu’s would look like, he rattled off a familiar list: better access to and uptake of vaccines and antivirals, with the vulnerable prioritized; improved surveillance systems to offer  people at high risk a better sense of local-transmission trends; improved access to tests and paid sick leave
  • Without those changes, excess disease and death will continue, and “we’re saying we’re going to absorb that into our daily lives,” he said.
  • And that is what is happening.
  • last year, a CDC survey found that more than 3 percent of American adults were suffering from long COVID—millions of people in the United States alone.
  • “We get used to things we could probably fix.” The years since COVID arrived set a horrific precedent of death and disease; after that, this season of n+1 sickness might feel like a reprieve. But compare it with a pre-COVID world, and it looks objectively worse. We’re heading toward a new baseline, but it will still have quite a bit in common with the old one: We’re likely to accept it, and all of its horrors, as a matter of course.
Javier E

What Universities Have Done to Themselves - WSJ - 0 views

  • of universities. America’s top colleges are no longer seen as bastions of excellence but partisan outfits.” They should “abandon this long misadventure into politics . . . and rebuild their reputations as centers of research and learning.”
  • This was a realistic and straightforward assessment of where the universities are and what they should do. It would be helpful if all on the sane left would drop their relative silence, rise up and end the misadventure.
  • I have been reading Edmund Wilson’s 1940 classic, “To the Finland Station: A Study in the Writing and Acting of History.” It famously offers a portrait of the groundbreaking French historian Jules Michelet (1798-1874), a father of modern historiography. The whole section reads like a tribute to the idea of learning, of understanding, of telling. It is not too much to say it is a kind of paean to the idea of the university.
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  • The idea of this man—a true scholar who attempts to find the honest truth—seems inapplicable to the current moment. And the reason is the three words he uses—“in good faith”—to define how the historian must act. In the DEI/woke regime, the good faith of the scholar is sacrificed to political fashion.
  • In going all in on the regime, those who run the universities negate their own worth. Faculty and professors, administrators and department heads lower their own standing. Because they are not now seen as people of the mind, of the intellect, but as mere operatives, enforcers. They thus give up their place of respect in the public imagination.
  • Regular people used to imagine what a university looks like—rows of gleaming books, learned professors, an air of honest inquiry. That isn’t now a picture the public can see. Now it’s something else, less impressive, less moving. Less important to our continuance as a people.
  • The elites who run our elite colleges are killing their own status.
  • They are also lowering the esteem in which college graduates are held. Your primary job as a student is taking in. You read, learn, connect this event with that, apply your imagination, empathize, judge. It is a spacious act—it takes time to absorb, reflect, feel—which is why you’re given four whole years to do it.
  • But if the public senses that few are studying like independent scholars in there, not enough are absorbing the expertise of their field, that they’ve merely been instructed to internalize a particular worldview and parrot it back . . .
  • Well, if that’s the case, who needs them? Is it even worth having them around in the office?
Javier E

How China's buses shaped the world's EV revolution - BBC Future - 0 views

  • After around two decades of government support, China now boasts the world's largest market for e-buses, making up more than 95% of global stock. At the end of 2022, China's Ministry of Transport announced that more than three-quarters (77% or 542,600) of all urban buses in the country were "new energy vehicles", a term used by the Chinese government to include pure electric, plug-in hybrids, and fuel cell vehicles powered by alternative fuels such as hydrogen and methanol. In 2022, around 84% of the new energy bus fleet was pure electric.
  • . In 2015, 78% of Chinese urban buses still used diesel or gas, according to the World Resources Institute (WRI). The NGO now estimates that if China follows through on its stated decarbonisation policies, its road transport emissions will peak before 2030.
  • China is also home to some of the world's biggest electric bus manufacturers, such as Yutong, which has been raking up orders across China, Europe and Latin America.
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  • "China has really been at the forefront of success in conversion of all vehicles to electric vehicles, especially buses," says Heather Thompson, chief executive officer of the Institute for Transportation and Development Policy (ITDP), a non-profit focusing on sustainable transport solutions. "The rest of the world is trying to do the same, but I think China is really out ahead."
  • At the time of China's 2001 entry into the World Trade Organisation, the international automotive industry was dominated by European, US and Japanese brands. These companies had spent decades perfecting internal combustion engine technology. To compete, Beijing decided to find a new track for its auto industry: making cars that did not use conventional engines.
  • That same year, the central government launched the so-called "863 plan" for EV research and development. There were numerous practical challenges, however, in the way of mass electrification. Not many manufacturers were making new energy vehicles, buyers were few and there was a lack of charging infrastructure in existence. The answer? Buses.
  • "The Chinese government adopted a very smart strategy," says Liu Daizong, ITDP's East Asia director. "They realised quite early on that they should drive [the EV industry] through electric buses," he notes, since their public service status meant Beijing "could have a strong hand on their electrification".
  • "Bus routes were fixed. This means when an electric bus finished a round, it could return to the depot to recharge," explains Xue Lulu, a mobility manager at the World Resources Institute (WRI) China. The typical daily mileage of a Chinese bus ­– 200km (120 miles) – was a realistic range for battery makers to meet.
  • The following year, the country began its large-scale rollout of new energy buses, with the "Ten Cities and Thousand Vehicles" programme. Over three years, the programme aimed to provide 10 cities with financial subsidies to promote 1,000 public-sector new energy vehicles in each, annually. Its goal was to have 10% new energy vehicles in the country by the end of 2012.
  • Strong policy support from both central and regional governments "gave manufacturers confidence in setting up production lines and stepping up research efforts," says Liu.
  • Together, these strong and consistent government signals encouraged Chinese manufacturers to expand their EV production capacity, bring down costs and improve their technologies. One such company was Build Your Dream, better known as BYD. The Shenzhen-based firm, the world's largest EV maker in 2022, ballooned its business a decade before by supplying electric buses and taxis for China's EV pilot cities.
  • "Back then, most buses used diesel, which was a main source of nitrogen oxides (NOx) emissions," says Xue, referring to the air pollution that smothered Beijing and other Chinese cities in the early 2010s. Yet in 2013, a new plan from central government cited tackling air pollution as one of the reasons for rolling out EVs.
  • This addition proved to be critical: it not only connected EV uptake with people's health, it also indirectly tied the e-bus campaign to local officials' political performance, as the central government would soon hand air-quality targets to all provinces.
  • The years 2013 and 2014 proved to be important for China's EV push. For the first time, the central government made EV purchase subsidies available to individual consumers, not just the public sector, opening the floodgate to private ownership. Additionally, it offered discounted electricity tariffs to bus operators to make sure the cost of running electric buses would be "significantly lower than" that of their oil or gas-powered equivalents.
  • The new economic push, plus local government's determination to battle air pollution, generated great enthusiasm for e-buses. By the end of 2015, the number of EV pilot cities rocketed from 25 to 88. In the same year, the central government set a target of 200,000 new energy buses on the road by 2020 and announced a plan to phase out its subsidies for fossil-fuel-powered buses.
  • To further stimulate the market, many cities devised various local policies on top of national incentives. For example, Shenzhen, a southern city with a population of more than 17 million, encouraged government agencies to work with private companies to create a full range of renting mechanisms for bus operators
  • Different cities' bus operators also designed different charging strategies. "Buses in Shenzhen had bigger batteries, so they normally charged overnight," says Xue, of WRI China. Between 2016 and 2020, Shanghai, another electric bus hub, subsidised the electricity e-buses used -- regardless of the hours of the day -- to give them more flexibility in charging.
  • Generous financial support did lead to problems. In 2016, an EV subsidy fraud shook China, with some bus operators found to have exaggerated the number of e-buses they had purchased. So that same year Beijing shifted its EV subsidy rules so bus operators could only receive financial support when a bus's mileage reached 30,000km (19,000 miles).
  • one year later, the government announced the so-called "dual-credit" policy. This allowed new energy vehicle makers to rake up credits which they could sell for cash to those needing to offset "negative credits" generated from making conventional cars.
  • it wasn't only China's buses that had benefitted.China's e-bus campaign helped create a big and stable market for its wider EV industry, brought down the costs and created economies of scale. In 2009, the year the e-bus campaign was rolled out, the total number of new energy vehicles sold stood at 2,300; by 2022, it was 6.9 million, analysis by Huang Zheng,
  • By 2022, the country had also built the world's largest EV charging network, with 1.8 million public charging stations – or two-thirds of the global total – and 3.4 million private equivalents. This means that on average, there is one charging pillar for every 2.5 of China's 13.1 million new energy vehicles.
  • Cold weather is a problem, too, as it can make a battery's charging time longer and its range shorter. The reason China has not achieved 100% electrification for its buses is its northern regions, which have harsh winters, says Xue.
  • To make e-buses truly "green", they should also be charged with renewable power, Wang says. But last year coal power still accounted for 58.4% of China's energy mix, according to the China Electricity Council, a trade body..
  • Globally, however, China is now in a league of its own in uptake of e-buses. By 2018, about 421,000 of the world's 425,000 electric buses were located in China; Europe had about 2,250 and the US owned around 300. A
  • But earlier this year, the European Commission announced a zero-emission target for all new city buses by 2030. And some countries are increasing their overall funding for the transition.
  • In 2020, the European Commission approved Germany's plan to double its aid for e-buses to €650m (£558m/$707m), then again in 2021 to €1.25 billion euros (£1.07m/$1.3bn). And the UK, which last year had the largest electric bus fleet in Europe with 2,226 pure electric and hybrid buses, has announced another £129m ($164m) to help bus operators buy zero-emissions fleets.
  • Countries have thus responded to China's manufacturing lead in divergent ways. "While the US has opted for a more competitive angle by fostering its own e-bus production, regions like Latin America are more open to trade with China due to a more friendly trading setup through [China's] Belt and Road Initiative,"
  • In order to avoid direct competition from Chinese manufacturers, the US has come up with a "school-bus strategy", says Liu. The Chinese don't make the iconic yellow vehicles, so this could ignite American e-bus manufacturing and create a local industry chain, he suggests. Backed by the US Environmental Protection Agency's $5bn (£3.9bn) Clean School Bus Programme, the national effort has so far committed to providing 5,982 buses.
  • In contrast, many Latin American cities, such as the Colombian capital of Bogota and the Chilean capital of Santiago, are greening their traditional bus sectors with the help of Chinese manufacturers, who are the largest providers to the region. In 2020, Chile became the country that had the most Chinese e-buses outside of China, and this year Santiago's public transport operator announced it has ordered 1,022 e-buses from Beijing-based Foton Motor, the biggest overseas deal the firm had received.
  • Chinese manufacturers are likely to receive a lot more orders from Chile and its neighbours in this decade. According to latest research by the global C40 Cities network, the number of electric buses in 32 Latin American cities is expected to increase by more than seven times by 2030, representing an investment opportunity of over $11.3bn (£8.9bn)
  • In June 2023, BloombergNEF forecast half of the world's buses to be entirely battery-powered by 2032, a decade ahead of cars. And by 2026, 36% and 24% of municipal bus sales in Europe and the US, respectively, are expected to be EVs as they begin to catch up with China
  • To meet the global climate goals set by the Paris Agreement, simply switching the world's existing bus fleets might not be enough. According to ITDP, the cumulative greenhouse gas emissions from urban passenger transport globally must stay below the equivalent of 66 gigatonnes CO2 between 2020 and 2050 for the world to meet the 1.5C temperature goal. This emissions limit will only be possible when the world not only adopts electric buses, but goes through a broader shift away from private transport
  • "We can't just focus on [replacing] the buses that exist, we need to actually get many, many more buses on the streets," Thompson adds. She and her team estimate that the world would need about 10 million more buses through 2030, and 46 million more buses cumulatively through 2050, to make public transport good enough to have a shot at achieving the Paris Agreement. And all those buses will need to be electric.
  • In China therefore, even though EVs are being sold faster than ever, its central government has instructed cities to encourage public transport use, as well as walking and riding bikes.
  • In Wang's hometown, meanwhile, which has just over three million residents, the local government has gone one step further and made all bus rides free. All citizens need to do is to swipe an app, with no charge, to get onto the bus. "My aunt loves taking buses now," says Wang. "She says it is so convenient."
Javier E

Opinion | On Satanic Idols and Free Speech - The New York Times - 0 views

  • To understand the moment, one has to understand the extent to which many religious activists believe that free speech itself is responsible for America’s ongoing secularization and alleged moral decline. They believe the doctrine of viewpoint neutrality — that is, the requirement that the government treat private speakers equally in their access to government facilities — is a proxy for “moral relativism.” Moral relativism is a truly poisonous accusation in conservative and Christian communities, in part because it implies a rejection of immutable or universal truth in favor of a subjective, individual standard — a concept alien, for example, to traditional Christianity.
  • As a free speech advocate, I’ve been fending off the “moral relativism” accusation for years. In 2019, when I wrote in support of the right of drag queens to enjoy the same access to public facilities as anyone else, that was “moral relativism.” When I wrote earlier this month that the right of free speech includes even the right to calls for non-imminent violence — again, this is a matter of settled constitutional law — a scholar named John Grondelski wrote in a Catholic journal that my position was “the offspring of the dictatorship of relativism.”
  • much of my legal career was dedicated to protecting minority religious expression — including evangelical expression — from censorship on American campuses and in American communities. In the course of that representation, I learned three practical truths of free expression.
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  • First, few people are more eager to take advantage of free speech rights than people who possess deep moral convictions. When you watch a furious campus debate, the last thing you think is, “Watch the relativists fight.” The combatants possess burning convictions
  • Second, humility isn’t relativism, and even people who believe that absolute truth exists should possess enough humility to recognize they don’t know all that truth.
  • Third, prudent people know that they will not always rule. This is the most pragmatic case for free speech.
  • One of my favorite expressions of American pluralism comes from my friend Barry Corey, president of Biola University, an evangelical college in California. He advocates a life lived with a “firm center and soft edges.” The firm center is the “commitment to that which is true,” and for a Christian that means God’s truth. Soft edges, on the other hand, “means hospitality and kindness, especially toward those we don’t think like, or vote like, or believe like.”
  • American free speech doctrine represents a legal version of that marvelous moral rule. The First Amendment protects our firm center. It’s what ensures our ability to walk into the public square, express our convictions and challenge our nation’s moral and political norms. Does anyone for a moment think that Frederick Douglass, the great abolitionist, was a moral relativist? Yet he’s also the author of one of the most powerful arguments in support of free speech in American history.
  • At the same time, we protect the free speech of others and thereby manifest “hospitality and kindness.” We declare to our opponents that they are equal citizens of our Republic, possessing the same dignity and liberty that we possess ourselves.
  • That’s the key to making pluralism work. Enforced conformity is a recipe for violent conflict, regardless of whether the demand is made from the right, left or middle
  • The defense of liberty, meanwhile, makes diversity sustainable. It allows individuals and communities of differing convictions to flourish across those differences
  • Treating them all equally under the law isn’t relativism. It’s justice, and justice is a fundamental moral obligation of the state.
Javier E

Excuse me, but the industries AI is disrupting are not lucrative - 0 views

  • Google’s Gemini. The demo video earlier this week was nothing short of amazing, as Gemini appeared to fluidly interact with a questioner going through various tasks and drawings, always giving succinct and correct answers.
  • another huge new AI model revealed.
  • that’s. . . not what’s going on. Rather, they pre-recorded it and sent individual frames of the video to Gemini to respond to, as well as more informative prompts than shown, in addition to editing the replies from Gemini to be shorter and thus, presumably, more relevant. Factor all that in, Gemini doesn’t look that different from GPT-4,
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  • Continued hype is necessary for the industry, because so much money flowing in essentially allows the big players, like OpenAI, to operate free of economic worry and considerations
  • The money involved is staggering—Anthropic announced they would compete with OpenAI and raised 2 billion dollars to train their next-gen model, a European counterpart just raised 500 million, etc. Venture capitalists are eager to throw as much money as humanely possible into AI, as it looks so revolutionary, so manifesto-worthy, so lucrative.
  • While I have no idea what the downloads are going to be for the GPT Store next year, my suspicion is it does not live up to the hyped Apple-esque expectation.
  • given their test scores, I’m willing to say GPT-4 or Gemini is smarter along many dimensions than a lot of actual humans, at least in the breadth of their abstract knowledge—all while noting even leading models still have around a 3% hallucination rate, which stacks up in a complex task.
  • A more interesting “bear case” for AI is that, if you look at the list of industries that leading AIs like GPT-4 are capable of disrupting—and therefore making money off of—the list is lackluster from a return-on-investment perspective, because the industries themselves are not very lucrative.
  • What are AIs of the GPT-4 generation best at? It’s things like:writing essays or short fictionsdigital artchattingprogramming assistance
  • While I personally wouldn’t go so far as to describe current LLMs as “a solution in search of a problem” like cryptocurrency has famously been described as, I do think the description rings true in an overall economic/business sense so fa
  • The issue is that taking the job of a human illustrator just. . . doesn’t make you much money. Because human illustrators don’t make much money
  • While you can easily use Dall-E to make art for a blog, or a comic book, or a fantasy portrait to play an RPG, the market for those things is vanishingly small, almost nonexistent
  • As of this writing, the compute cost to create an image using a large image model is roughly $.001 and it takes around 1 second. Doing a similar task with a designer or a photographer would cost hundreds of dollars (minimum) and many hours or days (accounting for work time, as well as schedules). Even if, for simplicity’s sake, we underestimate the cost to be $100 and the time to be 1 hour, generative AI is 100,000 times cheaper and 3,600 times faster than the human alternative.
  • Like, wow, an AI that can write a Reddit comment! Well, there are millions of Reddit comments, which is precisely why we now have AIs good at writing them. Wow, an AI that can generate music! Well, there are millions of songs, which is precisely why we now have AIs good at creating them.
  • Search is the most obvious large market for AI companies, but Bing has had effectively GPT-4-level AI on offer now for almost a year, and there’s been no huge steal from Google’s market share.
  • What about programming? It’s actually a great expression of the issue, because AI isn’t replacing programming—it’s replacing Stack Overflow, a programming advice website (after all, you can’t just hire GPT-4 to code something for you, you have to hire a programmer who uses GPT-4
  • Even if OpenAI drove Stack Overflow out of business entirely and cornered the market on “helping with programming” they would gain, what? Stack Overflow is worth about 1.8 billion, according to its last sale in 2022. OpenAI already dwarfs it in valuation by an order of magnitude.
  • The more one thinks about this, one notices a tension in the very pitch itself: don’t worry, AI isn’t going to take all our jobs, just make us better at them, but at the same time, the upside of AI as an industry is the total combined worth of the industries its replacing, er, disrupting, and this justifies the massive investments and endless economic optimism.
  • It makes me worried about the worst of all possible worlds: generative AI manages to pollute the internet with cheap synthetic data, manages to make being a human artist / creator harder, manages to provide the basis of agential AIs that still pose some sort of existential risk if they get intelligent enough—all without ushering in some massive GDP boost that takes us into utopia
  • If the AI industry ever goes through an economic bust sometime in the next decade I think it’ll be because there are fewer ways than first thought to squeeze substantial profits out of tasks that are relatively commonplace already
  • We can just look around for equivalencies. The payment for humans working as “mechanical turks” on Amazon are shockingly low. If a human pretending to be an AI (which is essentially what a mechanical turk worker is doing) only makes a buck an hour, how much will an AI make doing the same thing?
  • , is it just a quirk of the current state of technology, or something more general?
  • What’s written on the internet is a huge “high quality” training set (at least in that it is all legible and collectable and easy to parse) so AIs are very good at writing the kind of things you read on the internet
  • But data with a high supply usually means its production is easy or commonplace, which, ceteris paribus, means it’s cheap to sell in turn. The result is a highly-intelligent AI merely adding to an already-massive supply of the stuff it’s trained on.
  • Was there really a great crying need for new ways to cheat on academic essays? Probably not. Will chatting with the History Buff AI app (it was is in the background of Sam Altman’s presentation) be significantly different than chatting with posters on /r/history on Reddit? Probably not
  • Call it the supply paradox of AI: the easier it is to train an AI to do something, the less economically valuable that thing is. After all, the huge supply of the thing is how the AI got so good in the first place.
  • AI might end up incredibly smart, but mostly at things that aren’t economically valuable.
Javier E

Fun is dead. - The Washington Post - 0 views

  • Sometime in recent history, possibly around 2004, Americans forgot to have fun, true fun, as though they’d misplaced it like a sock.
  • Instead, fun evolved into work, sometimes more than true work, which is where we find ourselves now.
  • Fun is often emphatic, exhausting, scheduled, pigeonholed, hyped, forced and performative
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  • Things that were long big fun now overwhelm, exhaust and annoy. The holiday season is an extended exercise in excess and loud, often sleazy sweaters.
  • Which means it is nothing of the sort. This is the drag equivalent of fun and suggests that fun is done.
  • Adults assiduously record themselves appearing to have something masquerading as “fun,” a fusillade of Coachellic micro social aggressions unleashed on multiple social media platforms. Look at me having so much FUN!
  • Vacations are overscheduled with too many activities, FOMO on steroids, a paradox of choice-inducing decision fatigue, so much so that people return home exhausted and in need of another one.
  • Weddings have morphed into multistage stress extravaganzas while doubling as express paths to insolvency: destination proposals for the whole family, destination bachelorette and bachelor blowouts, destination weddings in remote barns with limited lodging, something called a “buddymoon” (bring the gang!) and planners to help facilitate the same custom cocktailsness of it all.
  • What could be a greater cause for joy or more natural than having a baby? Apparently, not much these days. Impending parenthood is overthought and over-apped, incorporating more savings-draining events that didn’t exist a few decades ago: babymoons and lethal, fire-inducing, gender-reveal gatherings and baby showers so over-the-top as to shame weddings.
  • Retirements must be purposeful. Also, occasions for an acute identity crisis. You need to have a plan, a mission, a coach, a packed color-coded grid of daily activities in a culture where our jobs are our identities, our worth tied to employment.
  • “I feel like I should be having more fun than I’m actually having,” says Alyssa Alvarez, a social media marketing manager and DJ in Detroit, expressing a sentiment that many share. “There are expectations of what I want people to believe that my life is like rather than what my life is actually like.”
  • “The world is so much less about human connection,” says Amanda Richards, 34, who works in casting in Los Angeles and is a graduate of Cudworth’s course. “We do more things virtually. People are more isolated. And there’s all this toxic positivity to convince people of how happy you are.”
  • For eons, early adulthood was considered an age of peak fun. Now, according to several studies, it’s a protracted state of anxiety and depression.
  • Because there is now a coach for everything, Alvarez hired the “party coach” Evan Cudworth, taking his $497 course this fall on how to pursue “intentional fun.” (It now costs $555.)
  • Blame it on an American culture that values work, productivity, power, wealth, status and more work over leisure
  • Blame it on technological advances that tether us to work without cessation
  • Blame it on the pandemic, which exacerbated so much while delivering Zoomageddon.
  • Blame it on 2004, with the advent of Facebook, which led to Twitter (okay, X), Instagram, Threads, TikTok and who-knows-what lurking in the ether.
  • Blame it again on 2004 and the introduction of FOMO, our dread of missing out, broadcast through multiple social media spigots
  • “So many people are retreating into their phones, into anxiety,” says Cudworth, 37, from Chicago. “I’m helping people rediscover what fun means to them.”
  • His mandate is redefining fun: cutting back on bingeing screen time, eradicating envy scrolling, getting outside, moving, dancing. “With technology, we don’t allow ourselves to be present. You’re always thinking ‘something is better around the corner,’” Cudworth says, the now squandered in pursuit of the future.
  • Instead of this being the most wonderful time of the year, we battle holiday fatigue, relentless beseeching for our money and, if Fox News is to be believed, a war on Christmas that is nearing its third decade.
  • ow do Americans spend their leisure hours when they might be having fun with others, making those vital in-person connections? Watching television, our favorite free time and “sports activity” (yes, that’s how it’s classified), according to the Bureau of Labor Statistics, an average of 2.8 hours daily.
  • “That’s way more television than you really need. We put play on the back burner,” says Pat Rumbaugh, 65, of Takoma Park, Md. She’s “The Play Lady,” who organizes unorganized play for adults
  • Catherine Price, the author of “The Power of Fun: How to Feel Alive Again,” believes “we’re totally misdoing leisure” and “not leaving any room for spontaneity.”
  • To Price, True Fun is the confluence of connection (other people, nature), playfulness (lightheartedness, freedom) and flow (being fully engaged, present), which is not as challenging as it sounds. “You can have fun in any context. Playfulness is about an attitude,”
  • Back in the day, co-workers were friends. (Sometimes, more.) After hours, they gathered for drinks, played softball. Today, because of email, Slack and remote work, offices are half empty and far quieter than libraries.
  • “We go to work and there’s no sense of connection and camaraderie,” says Davis, who was long employed by his city’s department of parks and recreation. “People feel emotionally disconnected. Healthy conversations are the precursor of fun. We’ve lost the art of communication. Our spirit comes home with us. If you don’t communicate at work, what are you coming home with?”
Javier E

Transcript: Ezra Klein Interviews Nimrod Novik - The New York Times - 0 views

  • for years now, a group of hundreds of former senior defense and diplomatic officials in Israel have been saying this is a catastrophe — that it is a catastrophe for Israeli security, a catastrophe for Israeli democracy, a catastrophe for Israelis’ international standing, and a catastrophe for Israel’s soul. Their warnings seem quite prescient now.
  • they’ve argued there was another way. There was a huge amount Israel could do on its own and should have been doing, that if Israel is not going to tip into a kind of single state that it did not want and could not ultimately defend, that the conditions had to be created now for something else to emerge in the future.
  • One of the people working on that project was Nimrod Novik. He’s my guest today. Novik was a top aide to Shimon Peres when Peres was prime minister and vice premier. In that role, Novik was involved in all manner of negotiations with the Palestinians, with the Arab world, with the international community. He’s on the executive committee of Commanders for Israel’s Security, which is a group I mentioned a minute ago. And he’s an Israel fellow at the Israel Policy Forum.
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  • NIMROD NOVIK: The group that worked on it, called Commanders for Israel’s Security, it’s over 500 Israeli retired generals, as well as their equivalents from the Mossad, Shin Bet Security, National Security Council, the entire Israeli security establishment. And we formed a team. We felt that Israeli policy was far too reactive and far too conservative for the good of the country, national security, short and long-term.
  • We had not anticipated the trauma of Oct. 7, but we certainly anticipated things getting from bad to worse, unless Israel changes course.
  • we came up with a plan that suggested even though a two-state solution, as you said, is not on this side of the horizon, but given that eventually, it’s the only solution that we believe serves Israel’s security and well-being long-term, as a strong Jewish democracy, we mapped out what can and should be done in the coming two, three years to reverse the slide towards the disaster of a one-state solution.
  • NIMROD NOVIK: There were primarily two governing concepts, if you will, of the Israeli policy. Again, calling it policy is giving it more credit than deserved. Israeli government have been reluctant to determine the end game of our relationship with the Palestinians. Where do we want to see ourselves and them two years, five years, 50 years from now? No decision has been made since the Oslo era.
  • As a result, what we’ve seen was a policy based on insisting on separating the Gaza Strip, ruled by Hamas from the West Bank, ruled sort of by the Palestinian Authority. Separation was one principle
  • And the other one was dubbed status quo, even though it was an illusion, because nothing was static about it. As a matter of fact, creeping annexation has been accelerating under various governments.
  • The more territory was taken by settlements, the more extreme settlers were conducting violent raids into Palestinian civil populations. The more the Palestinian Authority, internally defective, becoming more and more authoritarian, more and more detached from its own constituents, less responsive, less capable of governance, losing control over large swaths of West Bank territory, forcing the I.D.F. to enter more and more
  • It was a slide into a state where the Palestinian Authority would cease to function as the promise of the nucleus of a Palestinian state.
  • If we look at it today, it’s already perhaps the municipal government of the city of Ramallah, rather than of the West Bank, and weakening the Palestinian Authority by choking it financially. By not allowing it to demonstrate to its people that it is the vehicle that will bring them one day to their aspiration of statehood, on the one hand, and making sure that Hamas controls Gaza, the two tracks spelled disaster.
  • So I must confess, we had not anticipated that the disaster will look the way it did on Oct. 7, but we certainly realized that the policy in Gaza of rounds of violence every year, every two years, every 18 months, and buying off relative tranquility by funding Hamas through the auspices of Qatar, allowing it to arm and rearm, the inherent contradictions in the policy were quite apparent
  • There’s a right-wing one-state solution. I think when you mentioned the finance minister, Bezalel Smotrich, I think if you read things he has written in the past, he is looking for a one-state solution. He wants to crush Palestinian dreams of statehood and repress Palestinians sufficiently that they stop believing they can ever have anything better and eventually content themselves to Israeli rule and live quietly within that in order to gain better lives.
  • NIMROD NOVIK: I’ll put it bluntly. I believe that a two-state solution is inevitable, not because we wish it and not because it’s nice, not because Palestinians deserve self-determination — which they do, but that’s not a historic imperative. I believe that the two-state solution is inevitable because these two people are not going to live happily ever after under one roof.
  • For that to happen, for the two people to stay in one state, one of two things have to happen. Either Israelis will agree to grant Palestinian equal rights in that one state and therefore become a minority, or at least, a slim majority in our own country, and that’s never going to happen. Israelis are not going to agree to be less than the overwhelming majority in our own country.
  • Or Palestinians will agree forever to forgo equal rights, which I suspect is as unreasonable expectation as the other. So we will separate.
  • NIMROD NOVIK: Civil separation with overall security control — continued security control until a two-state agreement ushers in alternative security arrangements, is a concept that basically suggests reversing the creeping annexation, which is no longer creeping. It’s now galloping.
  • So the idea is to start reversing the slide towards one-state reality in the opposite direction, of reducing the friction between the two populations, increasing the capacity of the P.A. to perform, while maintaining the overall security controlled by Israel until a deal is struck.
  • You often hear when you talk to people in Israel about different paths that could be taken. Well, we don’t have anybody to negotiate with. The Palestinian Authority doesn’t have credibility. Hamas wants our destruction
  • And a core premise of the report is that there are things Israel can do unilaterally, that it doesn’t need a partner to do things that will make the situation better from its perspective and create conditions maybe for deals in the future. So tell me what is in Israel’s power here. What would you actually recommend to do tangibly?
  • NIMROD NOVIK: It’s not a genetic deformation of the Palestinians that they cannot govern themselves. This is nonsense. We had a period after the second intifada, the years 2007, 2008, where the Palestinian Authority, there was a prime minister by the name of Salam Fayyad. First, he was finance minister, later on prime minister, who revitalized the Palestinian Authority in a dramatic way. The authority was on the rise. People were proud in it, its own population. They could have won elections at that point.
  • And then Netanyahu was elected in 2009. Now, obviously, we are the strongest party. We hold most of the cards by far. And when we decide that we are going to choke the Palestinian Authority, the Palestinian Authority will choke
  • Now the second trend that happened was that Mahmoud Abbas, President Abbas, known as Abu Mazen, the early Abu Mazen was a very different person than the late one with whom we are dealing today. He became increasingly nondemocratic, authoritarian, autocratic, paranoid, removing from his vicinity and from position of power all the best and brightest that were working during that era
  • . Things went from bad to worse, Israel doing its share in weakening the P.A. and the P.A. leadership became more claustrophobic. All these can change.
  • At the moment, the West Bank is a Swiss cheese. It’s 169 islands of Palestinian-controlled areas surrounded each by Israeli-controlled territory. So we wanted to reduce that by half so that contiguity will have a security, law and order, and economic well-being effect.
  • We suggested a host of economic measures that enable the Palestinian Authority to deliver for the people, which is the opposite of what’s happening now, when our minister of finance is choking the Palestinian Authority by withholding funds that are theirs by the agreement Israel collects taxes for the Palestinian Authority, VAT and others. And we are supposed to automatically transfer them to the Palestinian Authority. It’s the main chunk of their budget.
lilyrashkind

Faith leaders lead community in grieving after Uvalde shooting - 0 views

  • On Tuesday, a gunman entered the elementary school and killed 21 people — 19 of them students — in Uvalde, Texas. Two weeks before in Buffalo, a gunman shot and killed 10 people — most of whom were Black — in a racist massacre.
  • “It’s very hard for people to even talk about their grief right now,” said Thomson. “When we don’t know what to do, we come together as a community.”
  • The Rev. Mark Tyler of Mother Bethel A.M.E. Church shared with his congregation on Sunday that people are “getting sick” of watching people continue to die in mass shootings while nothing is done to change the status quo. According to Tyler, healing is found when feelings are shared and heard.
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  • “A grieving process allows us to heal. When we deny that process, that’s when the numbness sets in. Then beyond that we start feeling symptoms of anxiety, and beyond that — depression,” said Whaley-Perkins. “So it’s really important for people who are vulnerable or have previous traumas that you don’t wait to see if it’s going to go away. Healing is extraordinarily important.”AdvertisementAccording to Whaley-Perkins, a community should be a group of people that provide safety, can be trusted, and where one can be vulnerable with their feelings. For many in Philadelphia, where they practice their faith is also where communities resides.
  • “Unless we change fundamentally how we educate our society, unfortunately people will still find a way to do these things,” said Shemtov. “We are all different — but we were all created by God with a purpose. Everybody has to start where they can start. If you’re not in the position to make national or local change, we can all change how we treat ou
  • As the country reckons with how to move forward, interfaith leaders in Philadelphia look to balance healing with collective action. To Chad Dion Lassiter, who is a national race relations expert and executive director of Pennsylvania Human Relations Commission, taking care of oneself, of one’s community, and finding the motivation to take action are made possible by taking the healing process seriously.
criscimagnael

Lavish Projects and Meager Lives: The Two Faces of a Ruined Sri Lanka - The New York Times - 0 views

  • The international airport, built a decade ago in the name of Sri Lanka’s ruling Rajapaksa family, is devoid of passenger flights, its staff lingering idly in the cafe. The cricket stadium, also constructed on the family’s orders, has had only a few international matches and is so remote that arriving teams face the risk of wildlife attacks.
  • As Sri Lanka grapples with its worst ever economic crisis, with people waiting hours for fuel and cutting back on food, nowhere is the reckless spending that helped wreck the country more visible than in Hambantota, the Rajapaksa family’s home district in the south.
  • This enormous waste — more than $1 billion spent on the port, $250 million on the airport, nearly $200 million on underused roads and bridges, and millions more (figures vary) on the cricket stadium — made Hambantota a throne to the vanity of a political dynasty that increasingly ran the country as a family business.
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  • With Mahinda Rajapaksa, the president, then at the peak of his powers, he did what many nationalist strongmen do: erect tributes to himself.
  • That’s now all gone. Sri Lanka is an international basket case whose foreign reserves — which once stood at over $6 billion under the Rajapaksas — have dwindled to almost nothing.
  • The collapse is partly a result of the loss of tourism during the pandemic, a problem made worse as war has kept away many of the Russians and Ukrainians who used to visit in large numbers. But the family’s economic mismanagement and denial of festering problems have also contributed mightily.
  • With food prices rising, electricity often cut and lifesaving medicines scarce, protesters have pushed Mr. Rajapaksa, 76, out of his latest position — prime minister — and are demanding that his brother Gotabaya, 72, give up the presidency.
  • Just outside the private residence of Mr. Rajapaksa, the Carlton House, they tied ropes to a gold-colored statue of his father, D.A. Rajapaksa. When they couldn’t drag it down, they dug under its feet until it collapsed. And around the corner from the family’s sprawling ancestral estate, they torched the museum memorializing the resting place of the patriarch and his wife.
  • “Whatever the politics, they shouldn’t have done this to their parents’ resting place.”
  • Before the economy crashed, she would sell 30 to 40 pots a day. That number has since dropped to about 20, as people have saved for other necessities. Most days in recent weeks, she has come back with half of her stack of 15 unsold.
  • During her grocery trips, she can buy only half of what she did in the past.
  • She was clear about who was to blame: the Rajapaksas.
  • “If you are investing in debt, you should really be looking at return — and quick return. You can’t do all your long-term, hard infrastructure projects on debt,” said Eran Wickramaratne, a former banker turned state minister of finance. “We completely overleveraged ourselves, and the returns are not there.”
  • With their power consolidated, they announced broad tax cuts — rapidly undoing the work of aligning Sri Lanka’s spending more with its means — and made a disastrous decision to ban chemical fertilizers in hopes of turning the country toward organic farming.
  • At the airport, which for a time was used to store grain, the only outsiders are the crews of occasional cargo flights, or groups of curious villagers on tours to see the complex. The cricket stadium, where the scoreboard clock is stuck in some afternoon past, was at one point rented out as a wedding venue to produce some revenue. It has a capacity of 35,000, more than the town of Hambantota’s entire population, 25,000.
  • “But these megaprojects were meaningless,” he said. “This region still has elephants crossing the roads, and people are still cultivating paddy as a livelihood. So these projects were unnecessary.”
  • “They did a lot — they won the war, they built roads,” Ms. Niroshani said.
  • But what about economic hardship, Ms. Wijeyawickrama asked.
  • “In a few days it may be that we have nothing to eat.”
criscimagnael

Afghanistan Tries to Stamp Out Opium Again - The New York Times - 0 views

  • For years, opium has been the monster too big to slay. One Afghan government after another has pledged to stamp out opium production and trafficking, only to prove unable to resist billions of dollars in illicit profits.
  • But after the U.S.-led invasion in 2001, opium taxes and smuggling helped fuel the Taliban’s own 20-year insurgency.
  • The Taliban announced on April 3 that poppy cultivation had been outlawed, with violators to be punished under Shariah law.
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  • Water pumps powered by cheap and highly efficient solar panels are able to drill deep down into rapidly dwindling desert aquifers. The solar panels have helped generate bumper opium harvests year after year since farmers in southern Afghanistan’s poppy-growing belt began installing them around 2014.
  • The opium trade earned about $1.8 billion to $2.7 billion last year, the United Nations has estimated. Opium sales have provided 9 to 14 percent of Afghanistan’s gross domestic product, compared with 9 percent provided by legal exports of goods and services.
  • The solar arrays have been central to ensuring Afghanistan’s status as the global leader in opium.
  • The Taliban, for their part, have condemned opium as anti-Islamic, as Afghanistan’s poppy crop sustains addicts in Europe and the Middle East, as well as a huge number inside Afghanistan. But given their own deep ties to opium smuggling during the insurgency, Taliban leaders are walking a fine line between hypocrisy and holiness.
  • Now, solar power is a defining feature of southern Afghan life. Tiny solar panels power light bulbs in mud huts, and solar-driven pumps irrigate cash crops like wheat and pomegranates, as well as subsistence farmers’ vegetable plots.
  • The panels, which supplanted more expensive and less reliable diesel to run water pumps, have helped turn the desert green.
  • Opium farmers now rely on at least 67,000 solar-power-fed water reservoirs across Afghanistan’s desert southwest, according to a European Union-funded research project by David Mansfield, a consultant who has studied illicit economies and rural livelihoods in Afghanistan for two decades.
  • “For many opium farmers, abundant water is now a given,” he said. “No one perceives it to have a cost.”
  • “Do not destroy the fields, but make the fields dry out,” Gov. Maulave Talib Akhund said in a statement. He added, “We are committed to fulfilling the opium decree.”
  • The opium ban was met with a collective shrug this spring by southern farmers, many of whom were already harvesting their spring crops. Opium prices surged almost immediately, several farmers said, to roughly $180 per kilogram from $60 per kilogram.
  • But the Taliban have vowed to crack down on farmers who try to cultivate any new crops.
  • Dr. Mansfield said that determining how long the aquifers could continue to supply water was uncharted territory because no one had been able to conduct a rigorous scientific study of the desert groundwater.
  • “We have to continue to dig our wells deeper and deeper,” Mr. Armani said.
  • Even when prices are high, many poppy farmers say, they earn only about $2 a day for each family member. They are at the very bottom of a narcotic trafficking system in which profits increase exponentially from growers to middlemen to processing labs to major cross-border traffickers.
  • Farmers whose poppy fields were plowed under by the previous government could send their sons to paying jobs as soldiers or police officers — or to the constellation of unskilled jobs provided by the United States and NATO. But those options are gone, and unemployment has soared under the Taliban.
  • “Growing poppies is the only option to survive right now,” he said.
criscimagnael

Can Ancient Maori Knowledge Aid Science? Ask These Freshwater Crayfish. - The New York ... - 0 views

  • Te Arawa, which has long used woven flax mats, known as uwhi, to cross water and gather food in shallow swamps, is employing modern diving technology to staple uwhi underwater where aquatic herbicide hasn’t worked or shouldn’t be sprayed. It has helped stop the weed’s growth and create new migration routes for the crayfish.
  • “This is a perfect example of combining mātauranga Māori” — traditional Māori knowledge — “and Western science,”
  • The resulting backlash has split New Zealand’s scientific community, attracted interventions from one of the world’s most prominent academics and prompted a discussion about what it means to “know” something at all.
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  • Many of New Zealand’s more traditionally minded scientists, however, see the spiritual and moral aspects of mātauranga as contradictory to conventional science, which is supposed to be value-neutral and limited to knowledge that can be empirically proven.
  • Kendall Clements, a marine biologist who signed the letter, said they were not trying to disrespect mātauranga, but to emphasize the differences between it and conventional science.
  • “In trying to probe that difference, we may collectively come to a better understanding of a solution than if we drew on a single body of knowledge in isolation,” he said.
  • Some alleged that the letter was an example of white supremacy. Waikaremoana Waitoki, the president of the New Zealand Psychological Society, denounced the letter’s “racist tropes” and “moral panic.”
  • The situation became more tense after the polarizing British biologist Richard Dawkins denounced the Royal Society’s investigation and described mātauranga as “not science and not true.”
  • For Te Arawa, the melding of mātauranga with conventional science has proved successful. Amid the weedy jungle in Lake Rotomā’s shallows, an enormous clearing has emerged.
  • “We’ve essentially created new mātauranga,” Mr. O’Neill said before carefully tucking his dreadlocks beneath the cap of his wet suit and slipping into the lake. “And we’re going to use it to finish the last of the lake weed off.”
criscimagnael

America's Gun Problem - The New York Times - 0 views

  • In every country, people get into arguments, hold racist views or suffer from mental health issues. But in the U.S., it is easier for those people to pick up a gun and shoot someone.
  • But federal laws are lax.
  • The U.S. is always going to have more guns, and consequently more deaths, than other rich countries. Given the Second Amendment, mixed public opinion and a closely divided federal government, lawmakers face sharp limits on how far they can go.
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  • But since America’s gun laws are so weak, there is a lot of room to improve — and at least cut some gun deaths.
  • To reduce mass shootings, experts have several ideas:
    • criscimagnael
       
      we don't need to ban guns altogether
  • One unanswered question is whether a determined gunman would find a way to bypass the laws: If he can’t use an assault rifle, would he resort to a handgun or shotgun? That could make the shooting less deadly, but not stop it altogether.
  • The majority of gun deaths in 2021 were suicides. Nearly half were homicides that occurred outside mass shootings; they are more typical acts of violence on streets and in homes (and most involve handguns). Mass shootings were responsible for less than 2 percent of last year’s gun deaths.
criscimagnael

Biden Administration Begins Trade Dialogue With Taiwan - The New York Times - 0 views

  • The Biden administration said on Wednesday that it would pursue negotiations to strengthen trade and technology ties with Taiwan, a move that is aimed at countering China’s influence in the Asia-Pacific region and one that is likely to rankle Beijing.
  • The talks with Taiwan will cover many of the same issues as the framework, like digital trade ways to reduce red tape for importers and exporters. U.S. officials said the talks, the first of which will be held in Washington at the end of June, would focus on a variety of issues, including opening up trade in agriculture and aligning technological standards.
  • Several topics of the discussion are clearly aimed at addressing mutual complaints over Chinese trade practices.
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  • Taiwan has long pushed for deeper trade ties with the United States. In 2020, it eased restrictions on imports of U.S. beef and pork in an effort to entice the United States into formal negotiations. The next year, the United States and Taiwan resumed some trade talks despite Beijing’s opposition.
  • Given Taiwan’s contested status, the two sides will also meet unofficially and under the auspices of the American Institute in Taiwan, which is the de facto U.S. embassy in Taipei, and the Taipei Economic and Cultural Representative Office, which represents Taiwan in the United States in the absence of diplomatic recognition.
jaxredd10

rome - 0 views

  • Beginning in the eighth century B.C., Ancient Rome grew from a small town on central Italy’s Tiber River into an empire that at its peak encompassed most of continental Europe, Britain, much of western Asia, northern Africa and the Mediterranean islands
  • After 450 years as a republic, Rome became an empire in the wake of Julius Caesar
  • s rise and fall in the first century B.C.
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  • The long and triumphant reign of its first emperor, Augustus, began a golden age of peace and prosperity;
  • As legend has it, Rome was founded in 753 B.C. by Romulus and Remus,
  • twin sons
  • Romulus became the first king of Rome,
  • Rome’s era as a monarchy ended in 509 B.C.
  • The power of the monarch passed to two annually elected magistrates called consuls. They also served as commanders in chief of the army.
  • Politics in the early republic was marked by the long struggle between patricians and plebeians (the common people), who eventually attained some political power through years of concessions from patricians
  • In 450 B.C., the first Roman law code was inscribed on 12 bronze tablets–known as the Twelve Tables–and publicly displayed in the Roman Forum.
  • By around 300 B.C., real political power in Rome was centered in the Senate, which at the time included only members of patrician and wealthy plebeian families.
  • During the early republic, the Roman state grew exponentially in both size and power
  • Rome then fought a series of wars known as the Punic Wars with Carthage, a powerful city-state in northern Africa. The first two Punic Wars ended with Rome in full control of Sicily, the western Mediterranean and much of Spain. In the Third Punic War (149–146 B.C.), the Romans captured and destroyed the city of Carthage and sold its surviving inhabitants into slavery, making a section of northern Africa a Roman province.
  • Rome’s military conquests led directly to its cultural growth as a society, as the Romans benefited greatly from contact with such advanced cultures as the Greeks.
  • The first Roman literature appeared around 240 B.C., with translations of Greek classics into Latin; Romans would eventually adopt much of Greek art, philosophy and religion.
  • Rome’s complex political institutions began to crumble under the weight of the growing empire, ushering in an era of internal turmoil and violence.
  • The gap between rich and poor widened as wealthy landowners drove small farmers from public land,
  • When the victorious Pompey returned to Rome, he formed an uneasy alliance known as the First Triumvirate
  • After earning military glory in Spain, Caesar returned to Rome to vie for the consulship in 59 B.C.
  • Caesar received the governorship of three wealthy provinces in Gaul beginning in 58 B.C.
  • In 49 B.C., Caesar and one of his legions crossed the Rubicon, a river on the border between Italy from Cisalpine Gaul
  • Consul Mark Antony and Caesar’s great-nephew and adopted heir, Octavian, joined forces to crush Brutus and Cassius and divided power in Rome with ex-consul Lepidus in what was known as the Second Triumvirate. With Octavian leading the western provinces, Antony the east, and Lepidus Africa, tensions developed by 36 B.C. and the triumvirate soon dissolved. In 31 B.C., Octavian triumped over the forces of Antony and Queen Cleopatra of Egypt (also rumored to be the onetime lover of Julius Caesar) in the Battle of Actium
  • To avoid meeting Caesar’s fate, he made sure to make his position as absolute ruler acceptable to the public by apparently restoring the political institutions of the Roman republic while in reality retaining all real power for himself. In 27 B.C., Octavian assumed the title of Augustus, becoming the first emperor of Rome.
  • By 29 B.C., Octavian was the sole leader of Rome and all its provinces.
  • Augustus’ rule restored morale in Rome after a century of discord and corruption and ushered in the famous pax Romana–two full centuries of peace and prosperity.
  • He instituted various social reforms, won numerous military victories and allowed Roman literature, art, architecture and religion to flourish.
  • When he died, the Senate elevated Augustus to the status of a god, beginning a long-running tradition of deification for popular emperors.
  • The decadence and incompetence of Commodus (180-192) brought the golden age of the Roman emperors to a disappointing end. His death at the hands of his own ministers sparked another period of civil war, from which Lucius Septimius Severus (193-211) emerged victorious.
  • Meanwhile, threats from outside plagued the empire and depleted its riches, including continuing aggression from Germans and Parthians and raids by the Goths over the Aegean Sea.
  • Diocletian divided power into the so-called tetrarchy (rule of four), sharing his title of Augustus (emperor) with Maximian. A pair of generals, Galerius and Constantius, were appointed as the assistants and chosen successors of Diocletian and Maximian; Diocletian and Galerius ruled the eastern Roman Empire, while Maximian and Constantius took power in the west.
  • The stability of this system suffered greatly after Diocletian and Maximian retired from office. Constantine (the son of Constantius) emerged from the ensuing power struggles as sole emperor of a reunified Rome in 324. He moved the Roman capital to the Greek city of Byzantium, which he renamed Constantinople. At the Council of Nicaea in 325, Constantine made Christianity (once an obscure Jewish sect) Rome’s official religion.
  • An entirely different story played out in the west, where the empire was wracked by internal conflict as well as threats from abroad–particularly from the Germanic tribes now established within the empire’s frontiers like the Vandals (their sack of Rome originated the phrase “vandalism”)–and was steadily losing money due to constant warfare.
  • Rome eventually collapsed under the weight of its own bloated empire, losing its provinces one by one:
  • In September 476, a Germanic prince named Odovacar won control of the Roman army in Italy.
  • After deposing the last western emperor, Romulus Augustus, Odovacar’s troops proclaimed him king of Italy, bringing an ignoble end to the long, tumultuous history of ancient Rome. The fall of the Roman Empire was complete.
  • Roman aqueducts, first developed in 312 B.C., enabled the rise of cities by transporting water to urban areas, improving public health and sanitation.
  • Roman cement and concrete are part of the reason ancient buildings like the Colosseum and Roman Forum are still standing strong today.
  • Roman arches, or segmented arches, improved upon earlier arches to build strong bridges and buildings, evenly distributing weight throughout the structure.
  • Roman roads, the most advanced roads in the ancient world, enabled the Roman Empire
  • to stay connected
Javier E

March 2020: How the Fed Averted Economic Disaster - WSJ - 0 views

  • Over the week of March 16, markets experienced an enormous shock to what investors refer to as liquidity, a catchall term for the cost of quickly converting an asset into cash.
  • Mr. Powell bluntly directed his colleagues to move as fast as possible.
  • They devised unparalleled emergency-lending backstops to stem an incipient financial panic that threatened to exacerbate the unfolding economic and public-health emergencies.
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  • They were offering nearly unlimited cheap debt to keep the wheels of finance turning, and when that didn’t help, the Fed began purchasing massive quantities of government debt outright.
  • Investors dumped whatever they could, including ostensibly “risk-free” U.S. Treasury securities. As a global dash for dollars unfolded, Treasurys were no longer serving as the market’s traditional shock absorbers, amplifying extreme turmoil on Wall Street.
  • By week’s end, the Dow had plunged more than 10,000 points since mid-February as investors struggled to get their arms around what a halt to global commerce would mean for businesses that would soon have no revenue.
  • “It was sheer, unadulterated panic, of a magnitude that was far worse than in 2008 and 2009. Far worse,”
  • The idea of shutting down markets was especially discouraging: “It was a profoundly un-American thing to contemplate, to just shut everything down, and almost fatalistic—that we’re not going to get out of this.”
  • nearly two years later, most agree that the Fed’s actions helped to save the economy from going into a pandemic-induced tailspin.
  • “My thought was—I remember this very clearly—‘O.K. We have a four-or-five-day chance to really get our act together and get ahead of this. We’re gonna try to get ahead of this,’” Mr. Powell recalled later. “And we were going to do that by just announcing a ton of stuff on Monday morning.”
  • It worked. The Fed’s pledges to backstop an array of lending, announced on Monday, March 23, would unleash a torrent of private borrowing based on the mere promise of central bank action—together with a massive assist by Congress, which authorized hundreds of billions of dollars that would cover any losses.
  • If the hardest-hit companies like Carnival, with its fleet of 104 ships docked indefinitely, could raise money in capital markets, who couldn’t?
  • on April 9, where he shed an earlier reluctance to express an opinion about government spending policies, which are set by elected officials and not the Fed. He spoke in unusually moral terms. “All of us are affected,” he said. “But the burdens are falling most heavily on those least able to carry them…. They didn’t cause this. Their business isn’t closed because of anything they did wrong. This is what the great fiscal power of the United States is for—to protect these people as best we can from the hardships they are facing.”
  • They were extraordinary words from a Fed chair who during earlier, hot-button policy debates said the central bank needed to “stay in its lane” and avoid providing specific advice.
  • To avoid a widening rift between the market haves (who had been given access to Fed backstops) and the market have-nots (who had been left out because their debt was deemed too risky), Mr. Powell had supported a decision to extend the Fed’s lending to include companies that were being downgraded to “junk” status in the days after it agreed to backstop their bonds.
  • Most controversially, Mr. Powell recommended that the Fed purchase investment vehicles known as exchange-traded funds, or ETFs, that invest in junk debt. He and his colleagues feared that these “high-yield” bonds might buckle, creating a wave of bankruptcies that would cause long-term scarring in the economy.
  • Mr. Powell decided that it was better to err on the side of doing too much than not doing enough.
  • , Paul Singer, who runs the hedge-fund firm Elliott Management, warned that the Fed was sowing the seeds of a bigger crisis by absolving markets of any discipline. “Sadly, when people (including those who should know better) do something stupid and reckless and are not punished,” he wrote, “it is human nature that, far from thinking that they were lucky to have gotten away with something, they are encouraged to keep doing the stupid thing.”
  • The breathtaking speed with which the Fed moved and with which Wall Street rallied after the Fed’s announcements infuriated Dennis Kelleher, a former corporate lawyer and high-ranking Senate aide who runs Better Markets, an advocacy group lobbying for tighter financial regulations.
  • This is a ridiculous discussion no matter how heartfelt Powell is about ‘we can’t pick winners and losers’—to which my answer is, ‘So instead you just make them all winners?’”
  • “Literally, not only has no one in finance lost money, but they’ve all made more money than they could have dreamed,” said Mr. Kelleher. “It just can’t be the case that the only thing the Fed can do is open the fire hydrants wide for everybody
  • Mr. Powell later defended his decision to purchase ETFs that had invested in junk debt. “We wanted to find a surgical way to get in and support that market because it’s a huge market, and it’s a lot of people’s jobs… What were we supposed to do? Just let them die and lose all those jobs?” he said. “If that’s the biggest mistake we made, stipulating it as a mistake, I’m fine with that. It wasn’t time to be making finely crafted judgments,” Mr. Powell said. He hesitated for a moment before concluding. “Do I regret it? I don’t—not really.”
  • “We didn’t know there was a vaccine coming. The pandemic is just raging. And we don’t have a plan,” said Mr. Powell. “Nobody in the world has a plan. And in hindsight, the worry was, ‘What if we can’t really fully open the economy for a long time because the pandemic is just out there killing people?’”
  • Mr. Powell never saw this as a particularly likely outcome, “but it was around the edges of the conversation, and we were very eager to do everything we could to avoid that outcome,”
  • The Fed’s initial response in 2020 received mostly high marks—a notable contrast with the populist ire that greeted Wall Street bailouts following the 2008 financial crisis. North Carolina Rep. Patrick McHenry, the top Republican on the House Financial Services Committee, gave Mr. Powell an “A-plus for 2020,” he said. “On a one-to-10 scale? It was an 11. He gets the highest, highest marks, and deserves them. The Fed as an institution deserves them.”
  • The pandemic was the most severe disruption of the U.S. economy since the Great Depression. Economists, financial-market professionals and historians are only beginning to wrestle with the implications of the aggressive response by fiscal and monetary policy makers.
  • Altogether, Congress approved nearly $5.9 trillion in spending in 2020 and 2021. Adjusted for inflation, that compares with approximately $1.8 trillion in 2008 and 2009.
  • By late 2021, it was clear that many private-sector forecasters and economists at the Fed had misjudged both the speed of the recovery and the ways in which the crisis had upset the economy’s equilibrium. Washington soon faced a different problem. Disoriented supply chains and strong demand—boosted by government stimulus—had produced inflation running above 7%.
  • because the pandemic shock was akin to a natural disaster, it allowed Mr. Powell and the Fed to sidestep concerns about moral hazard—that is, the possibility that their policies would encourage people to take greater risks knowing that they were protected against larger losses. If a future crisis is caused instead by greed or carelessness, the Fed would have to take such concerns more seriously.
  • The high inflation that followed in 2021 might have been worse if the U.S. had seen more widespread bankruptcies or permanent job losses in the early months of the pandemic.
  • an additional burst of stimulus spending in 2021, as vaccines hastened the reopening of the economy, raised the risk that monetary and fiscal policy together would flood the economy with money and further fuel inflation.
  • The surge in federal borrowing since 2020 creates other risks. It is manageable for now but could become very expensive if the Fed has to lift interest rates aggressively to cool the economy and reduce high inflation.
  • The Congressional Budget Office forecast in December 2020 that if rates rose by just 0.1 percentage point more than projected in each year of the decade, debt-service costs in 2030 would rise by $235 billion—more than the Pentagon had requested to spend in 2022 on the Navy.
  • its low-rate policies have coincided with—and critics say it has contributed to—a longer-running widening of wealth inequality.
  • In 2008, household wealth fell by $8 trillion. It rose by $13.5 trillion in 2020, and in the process, spotlighted the unequal distribution of wealth-building assets such as houses and stocks.
  • Without heavy spending from Washington, focused on the needs of the least well-off, these disparities might have attracted more negative scrutiny.
  • Finally, the Fed is a technocratic body that can move quickly because it operates under few political constraints. Turning to it as the first line of defense in this and future crises could compromise its institutional independence.
  • Step one, he said, was to get in the fight and try to win. Figuring out how to exit would be a better problem to have, because it would mean they had succeeded.
  • “We have a recovery that looks completely unlike other recoveries that we’ve had because we’ve put so much support behind the recovery,” Mr. Powell said last month. “Was it too much? I’m going to leave that to the historians.”
  • The final verdict on the 2020 crisis response may turn on whether Mr. Powell is able to bring inflation under control without a painful recession—either as sharp price increases from 2021 reverse on their own accord, as officials initially anticipated, or because the Fed cools down the economy by raising interest rates.
Javier E

How Russian Sanctions Work - The Atlantic - 0 views

  • Central-bank sanctions are a weapon so devastating, in fact, that the only question is whether they might do more damage than Western governments might wish. They could potentially bankrupt the entire Russian banking system and push the ruble into worthlessness.
  • Very seldom does any actual paper money change hands
  • There’s only about $12 billion of cash dollars and euros inside Russia, according to Bernstam’s research. Against that, the Russian private sector has foreign-currency claims on Russian banks equal to $65 billion, Bernstam told me. Russia’s state-owned companies have accumulated even larger claims on Russia’s foreign reserves.
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  • Russians don’t run on their banks, because they believe that in a real crunch, the Russian central bank would provide the needed cash. After all, the Russian central bank holds enormous quantities of reserves: $630 billion at the last tally
  • To finance its war on Ukraine, Russia might have hoped to draw down its foreign-currency reserves with Western central banks.
  • Not so fast, argues Bernstam. What does it mean that Russia “has” X or Y in foreign reserves? Where do these reserves exist? The dollars, euros, and pounds owned by the Russian central bank—Russia may own them, but Russia does not control them. Almost all those hundreds of billions of Russian-owned assets are controlled by foreign central banks.
  • We, the people of the Western world collectively owe the Russian state hundreds of billions of dollars. That’s not our problem. That’s Russia’s problem, an enormous one. Because one thing any debtor can do is … not pay when asked.
  • With $630 billion in reserves, there is no way Russia would ever run out of foreign currency. You’ve probably read that assertion many times in the past few days
  • All of this requires the cooperation of the Fed or ECB in the first place. The Fed or ECB could say: “Nope. Sorry. The Russian central bank’s money is frozen. No transfers of dollars or euros from the Russian central bank to commercial banks. No transfers from commercial banks to businesses or individuals. For all practical purposes, you’re broke.”
  • if Russia’s foreign income slows at the same time as it is waging a hugely costly war against Ukraine, it will need its reserves badly. And suddenly, it will be as if the money disappeared. Every Russian person, individual, or state entity with any kind of obligation denominated in foreign currency would be shoved toward default.
  • Of course, long before any of that happened, everybody involved in the transactions would have panicked.
  • The ruble would cease to be a convertible currency. It would revert to being the pseudo-currency of Soviet times: something used for record-keeping purposes inside Russia, but without the ability to buy goods or services on international markets. The Russian economy would close upon itself, collapsing into as much self-sufficiency as possible for a country that produces only basic commodities.
  • Russia imports almost everything its citizens eat, wear, and use. And in the modern digitized world, that money cannot be used without the agreement of somebody’s central bank. You could call it Bernstam’s law: “Do not fight with countries whose currencies you use as a reserve currency to maintain your own.”
  • There is one exception to the rule about reserves as notations: About $132 billion of Russia’s reserves takes the form of physical gold in vaults inside Russia
  • Only one customer is rich enough to take significant gold from a sanctioned nation like Russia: China.
  • that does not solve the real problem, which is not to buy specific items from specific places, but to sustain the ruble as a currency that commands confidence from Russia’s own people. China cannot do that for Russians. Only the Western central banks can.
  • Putin launched his war against Ukraine in part to assert Russia’s great-power status—a war to make Russia great again. Putin seemingly did not understand that violence is only one form of power, and not ultimately the most decisive
  • The power Putin is about to feel is the power of producers against gangsters, of governments that inspire trust against governments that rule by fear.
  • Russia depends on the dollar, the euro, the pound, and other currencies in ways that few around Putin could comprehend. The liberal democracies that created those trusted currencies are about to make Putin’s cronies feel what they never troubled to learn. Squeeze them.
Javier E

Of Course Putin Is Being Canceled - The Atlantic - 0 views

  • The ancient Greeks understood the power of creating outcasts. Athenians had a range of punishments available to them that would make even a southern Republican governor queasy, including death by exposure or being thrown into a chasm.
  • Economic devastation and cultural deprivation are powerful punishments. They are also an accurate description of what is happening to Russia as Western sanctions bite, private companies break links with the region, and Putin’s regime is excluded from international organizations and alliances.
  • A true cancellation typically involves the subject being cast out of their professional network, denied the ability to make money, and rejected by their social circle.
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  • Russia’s status in the world has abruptly and obviously changed. Russians cannot escape their isolation as long as they cannot watch Netflix, access TikTok, or see their footballers play in international competitions. Pro-regime oligarchs, who once spent holidays in Europe, bought mansions in Mayfair, and visited their children at English private schools, now face visa restrictions and asset seizures. They have been denied the ability to use the rest of the continent as their gilded playground.
  • When a Russian spymaster complains about his country’s cancellation, our response should not be to laugh at an idiot confusing a culture war and a real one. Instead, we should recognize that economic and social isolation is a powerful weapon, and resolve to use it with the same restraint as any other weapon.
Javier E

Opinion | Swedengate Shows Sweden Is Not Perfect. No Nation Is. - The New York Times - 0 views

  • As with any loving relationship, mine with Sweden is multidimensional and complex. I’m Nigerian American, and I’m a naturalized Swede based in Stockholm. I speak the language, and I’m raising its next generation. I was not surprised that some valid criticisms of the country’s history were quickly dismissed by Swedes. At the same time, I understand the Swedish defensiveness.
  • it is the most open society, run by the most private people. The cultural tropes it is praised for play a part in this: Lagom stipulates that we must take care of our individual needs first, without aggravating others in the process. This creates a society of interiority in which people are open-minded enough to allow their neighbors to do whatever they want, yet keep very close bubbles around their own lives to avoid stress, discomfort, and the unfamiliar
  • This is a part of why we have a segregated society where ethnic minorities congregate in subcommunities in order to feel accepted and listened to.
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