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Javier E

Volkswagen, Johnson & Johnson, and Corporate Responsibility - The Atlantic - 0 views

  • The sociologist Diane Vaughan coined the phrase the normalization of deviance to describe a cultural drift in which circumstances classified as “not okay” are slowly reclassified as “okay.”
  • In the case of the Challenger space-shuttle disaster—the subject of a landmark study by Vaughan—damage to the crucial O‑rings had been observed after previous shuttle launches. Each observed instance of damage, she found, was followed by a sequence “in which the technical deviation of the [O‑rings] from performance predictions was redefined as an acceptable risk.”
  • Repeated over time, this behavior became routinized into what organizational psychologists call a “script.” Engineers and managers “developed a definition of the situation that allowed them to carry on as if nothing was wrong.” To clarify: They were not merely acting as if nothing was wrong. They believed it, bringing to mind Orwell’s concept of doublethink, the method by which a bureaucracy conceals evil not only from the public but from itself.
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  • If that comparison sounds overwrought, consider the words of Denny Gioia, a management professor at Penn State who, in the early 1970s, was the coordinator of product recalls at Ford. At the time, the Ford Pinto was showing a tendency to explode when hit from behind, incinerating passengers. Twice, Gioia and his team elected not to recall the car—a fact that, when revealed to his M.B.A. students, goes off like a bomb. “Before I went to Ford I would have argued strongly that Ford had an ethical obligation to recall,” he wrote in the Journal of Business Ethics some 17 years after he’d left the company. “I now argue and teach that Ford had an ethical obligation to recall. But, while I was there, I perceived no strong obligation to recall and I remember no strong ethical overtones to the case whatsoever.”
  • Executives are bombarded with information. To ease the cognitive load, they rely on a set of unwritten scripts imported from the organization around them. You could even define corporate culture as a collection of scripts.
  • back to Volkswagen. You cannot unconsciously install a “defeat device” into hundreds of thousands of cars. You need to be sneaky, and thus deliberate.
  • The most troubling thing, says Vaughan, is the way scripts “expand like an elastic waistband” to accommodate more and more divergence.
  • Embarrassed and unable to overturn the script they themselves had built in the preceding years, Morton-Thiokol’s brass buckled. The “no launch” recommendation was reversed to “launch.”
  • “It’s like losing your virginity,” a NASA teleconference participant later told Vaughan. “Once you’ve done it, you can’t go back.” If you try, you face a credibility spiral: Were you lying then or are you lying now?
  • Scripts are undoubtedly efficient. Managers don’t have to muddle through each new problem afresh, Gioia wrote, because “the mode of handling such problems has already been worked out in advance.” But therein lies the danger. Scripts can be flawed, and grow more so over time, yet they discourage active analysis
  • the final decision to deceive was, on an individual level, rational—the logical end to a long sequence.
  • This sequence of events fits a pattern that appears and reappears in corporate-misconduct cases, beginning with the fantastic commitments made from on high.
  • All of which placed personnel in a position of extreme strain.
  • We know what strain does to people. Even without it, they tend to underestimate the probability of future bad events. Put them under emotional stress, some research suggests, and this tendency gets amplified. People will favor decisions that preempt short-term social discomfort even at the cost of heightened long-term risk. Faced with the immediate certainty of a boss’s wrath or the distant possibility of blowback from a faceless agency, many will focus mostly on the former.
  • What James Burke, Johnson & Johnson’s CEO, did was anticipate the possible results of these pressures, well before they built up. He shared Henry James’s “imagination of disaster.” And it’s why he introduced, if you will, a set of counterscripts. It was a conscious effort to tinker with the unconscious criteria by which decisions at his company were made. The result was an incremental descent into integrity, a slide toward soundness, and the normalization of referencing “Our Credo” in situations that might otherwise have seemed devoid of ethical content.
  • This reaction isn’t excusable. But it is predictable.
  • What we know of Ferdinand Piëch, Volkswagen’s chairman before the scandal, is that he was no James Burke. At a 2008 corruption trial that sent one VW executive to jail, Piëch referred to alleged widespread use of VW funds on prostitutes as mere “irregularities,” and chided a lawyer for mispronouncing Lamborghini. (“Those who can’t afford one should say it properly” were his precise words.) This was around the time the emissions cheating began.
  • “Culture starts at the top,” a businessman recently said in an interview with the Association of Certified Fraud Examiners. “But it doesn’t start at the top with pretty statements. Employees will see through empty rhetoric and will emulate the nature of top-management decision making … A robust ‘code of conduct’ can be emasculated by one action of the CEO or CFO.”
Javier E

Claudia Rankine, John Lucas Document Blondness in 'Stamped' - The Atlantic - 0 views

  • naturally fair hair is uncommon: An estimated 2 percent of the world’s population—and 5 percent of white Americans—is actually towheaded. Blond hair is the result of a genetic mutation typically associated with northern Europeans, but it has also been seen in a small percentage of Aboriginal Australians, Northern Africans, and Asians.
  • There are a multitude of reasons why someone might choose blond. For subjects featured in Stamped, it was a way to cover gray hair, to look younger, to be treated better, to look better, or to look more like themselves:
  • for the most part, interviewees didn’t mention the connection between whiteness and blondness until Rankine prompted them. “I think part of our orientation as Americans has been to substitute the word ‘white’ with ‘people,’” Rankine says. “Consequently, when they think of blondness, they're thinking of the hair color of ‘people,’ people who are valued. But they don’t understand that that value attaches to whiteness.”
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  • Blondness, then, exists as a complicated form of self-expression. It can signal youth, beauty, privilege, and conformity. But it can also represent rebellion, independence, and the demand to be looked at and respected. It’s a choice that’s both distinctly personal and deeply intertwined with what society has taught people to value. Rankine and Lucas have a term for that: complicit freedom
Javier E

Did Ohio get coronavirus right? Early intervention, preparation for pandemic may pay off. - The Washington Post - 0 views

  • Now, Ohio may be realizing the benefits of early intervention in the pandemic by its government and medical community. With about 5,100 covid-19 cases, it has fewer than a third the number of people with the novel coronavirus than in three comparably sized states — Michigan, Pennsylvania and Illinois. And Ohio has just a small fraction of the deaths reported in those states.
  • The Cleveland Clinic, which eventually beefed up plans to expand from 3,200 beds to 8,000 should the worst occur, held just 150 covid-19 patients (along with 2,000 others) this week and is preparing to scale back some facilities. It is moving to lend medical personnel to cities such as Detroit and New York hit hard by the virus.
  • In the Cincinnati region, models now show that peak occupancy of hospital beds by covid-19 patients may be just 10 percent of the predicted worst-case scenario.
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  • an early look at Ohio’s preparations and decision-making shows they reflect textbook recommendations for the way to handle an outbreak. Identify it early. Plan for the worst, hope for the best. Move swiftly because disease expansion will be exponential, not linear. In the absence of testing, assume the virus is spreading through the community. Communicate with the public clearly, and keep the message consistent.
  • Ohio has a well-established emergency medical response system. The state is divided into three regions, each clustered around major population centers in Columbus, Cleveland and Cincinnati. Planners call these zones the “three C’s.”
  • As news of the outbreak in China began to spread in early January, epidemiologists and infectious disease experts at the three major medical centers in those regions began to track the spread. Soon, they were modeling the potential impact in Ohio and meeting more regularly to prepare.
  • Their CEOs met and agreed to drop their historical competition for shares of the market and collaborate on just about everything, said Richard P. Lofgren, president and CEO of the University of Cincinnati’s health system.
  • In retrospect, the sports festival forced planners to confront the pandemic days, and in some cases more than a week, before other communities. DeWine would go on to close schools and businesses, and order residents to stay home, earlier than most other states. His March 12 school order was one of the first in the nation. Ohio State University, with 68,000 students on multiple campuses, went to online classes March 9 and extended it to the rest of the semester March 12.
  • Cincinnati’s peak is now forecast to be 291 cases — about 10 percent of the original prediction — on April 28, according to modeling Alessandrini received Tuesday. The number is so low she is hesitant to trust it yet. The peak is also later than originally predicted, and patients should arrive in a manageable order, not the crush that New York City experienced
  • Experts expect flare-ups as the pandemic fades — a saw-toothed curve rather than a smooth downward slope.
  • Persuading cooped-up residents to accept a very gradual return to something like their previous lives will require great discipline,
Javier E

Amazon's CEO tells investors 'you may want to take a seat,' as he explains why the company will spend 'entirety' of $4 billion profit - MarketWatch - 0 views

  • Bezos’s fortune, meanwhile, has surged by more than $24 billion since the pandemic took the broader market for a roller-coaster ride, according to Fortune. That rise has lifted his net worth to a stunning $148.6 billion, according to Forbes, making him by far the richest person in the world, even after relinquishing much of his wealth to his partner in divorce proceedings back in July.
leilamulveny

Biden Seeks Deal to Buy Additional 100 Million Doses of J&J Covid-19 Vaccine - WSJ - 0 views

  • President Biden directed his administration to secure an additional 100 million doses of Johnson & Johnson’s Covid-19 vaccine by the end of the year and said he planned to share any excess vaccine supply with other nations.
  • “We need maximum flexibility. There’s always a chance we’ll encounter unexpected challenges,” Mr. Biden said of his additional intended purchases on Wednesday, following a meeting at the White House with J&J CEO Alex Gorsky and Merck & Co. Inc. CEO Kenneth Frazier. Asked what the U.S. will do with any leftover doses, Mr. Biden said, “If we have a surplus, we’re going to share it with the rest of the world.”
  • the U.S. would contribute a total of $4 billion to the international Covax program, an initiative aimed at supplying Covid-19 vaccines to the world’s poorest countries.
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  • Ms. Psaki told reporters the additional J&J doses the administration intends to secure weren’t expected until the second half of the year and would allow the administration to plan for booster shots, if necessary, or for the possible approval of the vaccine for children.
  • “Some observers may view this corporate partnership as the coming together of rivals, but in these extraordinary times we are colleagues, not competitors,” Merck’s Mr. Frazier said on Wednesday.
  • The White House said states will receive 15.8 million doses this week, up from 15.2 million last week. Another 2.7 million doses will be distributed to pharmacies. Those shipments don’t include doses of the J&J vaccine due to manufacturing constraints.
  • The vaccine hasn’t been approved for people under 16 years old. Administration officials have sought to increase the total number of vaccines to prepare for all contingencies, including new variants that could require booster shots.
  • As part of the agreement, the administration committed to help Merck with upgrading its facilities for vaccine production. —Peter Loftus contributed to this article.
anonymous

Election Lawsuits Are A New Tactic To Fight Disinformation : NPR - 0 views

  • The victims of some of the most pernicious conspiracy theories of 2020 are fighting back in court. Voting equipment companies have filed a series of massive defamation lawsuits against allies of former President Trump in an effort to exert accountability over falsehoods about the companies' role in the election and repair damage to their brands.
  • On Friday, Fox News became the latest target and was served with a $1.6 billion defamation lawsuit by Denver-based Dominion Voting Systems after several of the network's hosts entertained on air conspiracy theories pushed by former President Trump that the company had rigged the results of the November election against him in key states.
  • Dominion has also sued Trump associates Rudy Giuliani, Sidney Powell and Mike Lindell for billions in damages. The company is one of the top providers of voting equipment to states and counties around the country and typically relies on procurement decisions made by elected officials from both political parties.
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  • Earlier this month, Republican commissioners in one Ohio county sought to block the county election board's purchase of new Dominion equipment. A Dominion employee who was forced into hiding due to death threats has sued Giuliani, Powell and the Trump campaign. Another voting systems company, Smartmatic, has also filed a defamation lawsuit against Fox News.
  • Some see these legal fights as another way to take on viral misinformation, one that's already starting to show some results although some journalists are uneasy that a news organization could be targeted.
  • Skarnulis hopes that in addition to helping Coomer clear his name and return to a normal life, the suits will also serve as a warning.
  • The number of defamation lawsuits and the large damage claims associated with them is novel, said journalism and public policy professor Bill Adair, head of the journalism program at Duke University.
  • He does worry that using defamation suits to combat untruths spread by media outlets could become a weapon against journalists just doing their jobs. "As a journalist, I'm a little bit nervous. The idea of using defamation lawsuits makes us a little bit concerned."But even with that discomfort, Adair has come to believe the lawsuits do have a role to play.
  • The defamation suits already do appear to be having an effect. An anchor for Newsmax walked out on a live interview with My Pillow CEO Lindell when he started making unsubstantiated claims about Dominion voting machines. Fox News, the Fox Business Network and Newsmax also aired segments that contradicted the disinformation their own hosts had amplified.
  • Last month, Fox Business also cancelled a show hosted by Trump ally Lou Dobbs, who had amplified the conspiracy theories and interviewed Powell and Giuliani about them.
  • One challenge for the plaintiffs is that defamation lawsuits are difficult to win. They need to show the person they're suing knew a statement was false when she made it, or had serious doubts about its truthfulness.
  • Media organizations have a First Amendment right to report the news, and that includes repeating what important people say, even if those statements are false, said George Freeman, the former in-house counsel for The New York Times, who now heads the Medial Law Resource Center.
  • Pro-Trump outlets are likely to claim that constitutional protection for their defense but Freeman believes they may have crossed a legal line in their presentation of election fraud claims and in some instances applauding obvious falsehoods.
  • Still Freeman said he thinks the strongest defamation cases aren't against the media companies, but against one of the people they gave a lot of airtime to, Rudy Giuliani.
  • In a January call announcing the lawsuit against Giuliani, Dominion's attorney, Tom Clare, said that the court can consider circumstantial evidence too. The complaint includes a detailed timeline that shows Giuliani continued to make his claims in the face of public assurances from election security experts, hand recounts, and numerous court rulings rejecting fraud cases.
  • While the current lawsuits could have an impact in this instance, experts on misinformation say there are several reasons why defamation cases aren't a central tool in the fight against falsehoods.
  • Many conspiracy theories don't target a specific person or company, so there's no one to file a lawsuit against. Legal action is also expensive. Coomer's legal team expects his bills will exceed $2 million. And when a victim does sue, a case can take years.
  • The parents of children killed in the Sandy Hook shooting have filed multiple defamation lawsuits against Alex Jones of the conspiracy site, InfoWars. But after numerous challenges and delays, the cases are all still in the pre-trial phase. With Dominion and Smartmatic vowing not to settle before they get their day in court, this approach to fighting election misinformation may still be grinding forward even as the country enters the next presidential election. But for Adair and others, any effort to discourage future misinformation campaigns is worth pursuing.
yehbru

How Tulsa Race Massacre Shaped Today's Most Successful Black CEOs : NPR - 0 views

  • The riots that engulfed Tulsa a hundred years ago killed hundreds and destroyed scores of businesses in the then thriving neighborhood known as Black Wall Street.
  • Today, Stradford's great grandson is a well known Black investor in the modern Wall Street, and he remembers the emotional – and financial – impact the riots had on his family.
  • "Over time, we think it would have compounded to over $100 million,"
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  • "Tulsa attracted these kind of dynamic, independent-thinking, strong-willed leaders, who were not going to sit idly by and be dictated to, but were going to push back," Rogers says.
  • "This was absolutely brutal what happened," he tells NPR. "I think what's very important to understand is the fear that Blacks had, that anything they had was fragile, because it could be taken away from them."
  • Insurers denied survivors' claims, and so did the government, which contributed to an erosion of trust by Blacks in the financial system. Duckett says that distrust has compounded over the last century.
  • When Black Wall Street burned, Stradford couldn't save his businesses. He was taken into custody, and charged with rioting. But he escaped, first to Kansas, then to Illinois.
aidenborst

Hacking: These are just the attacks we know about - CNNPolitics - 0 views

  • Ransomware hacks are everywhere if you look for them. These are just the ones we know about:
  • Food -- A hack of JBS Foods, the world's largest meat processor, shut multiple plants over the weekend.Fuel -- The Colonial Pipeline hack led to fuel shortages on the East Coast last month. The company has admitted to paying more $4.4 million in ransom, although the FBI has said ransoms of more than $25 million have been demanded.Hospitals -- A hack of the Scripps hospital system in San Diego has led to the breach of medical information for more than 150,000 people. The Irish health system was also targeted. More on how hackers target hospitals and first responders below.Trains -- A New York City subway system hack from April was reported Wednesday by the The New York Times.Ferries -- There are also smaller hacks, like the one affecting the ferry system in Cape Cod.
  • Eyes on Russia. The White House has its eyes on Russia for enabling both the Colonial Pipeline and JBS meat processing hacks. Read CNN's full report on the JBS attack here.
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  • "Ransomware right now, this is a business model," Lior Div, CEO of the security firm Cybereason told CNN's Richard Quest. "They are in it for the money and they are trying to generate as much revenue as possible for themselves. So as long as people are going to pay, they're going to keep operating in order to generate this massive amount of revenue that they are generating every year."
  • Cyber hygiene is necessary. Every US company and organization needs to protect itself, said Eric Goldstein, the current assistant director at CISA, in a statement.
  • The hack of the world's largest meat producer, JBS, a Brazilian company whose subsidiaries control a quarter of US beef processing and a large portion of pork processing, was disclosed Tuesday by the White House, which promised to re-focus on the issue and to raise it with Russia, the government thought to be harboring hackers.
  • You figure if nine meat plants hadn't gone dark in Arizona, Texas, Nebraska, Colorado, Wisconsin, Utah, Michigan and Pennsylvania, it seems very plausible we likely would never have heard. The US JBS headquarters is based in Greeley, Colorado, and it employs more than 66,000 people. Read about the fallout for them, from CNN's Brian Fung.
  • It's not clear, of course, if the company is paying the ransom. If they're getting back online this quickly, you've certainly got to assume they could have.
  • "We have attributed the JBS attack to REvil and Sodinokibi and are working diligently to bring the threat actors to justice. We continue to focus our efforts on imposing risk and consequences and holding the responsible cyber actors accountable," the FBI said in a statement. "A cyber attack on one is an attack on us all."
  • Ireland's national health service has completely shut its IT system and refuses to pay the ransom, which it said in May has disrupted everything from its Covid vaccine rollout to community health services.
katherineharron

Q&A with Elizabeth Catte and Leah Hampton: Rural America and social inequity - CNN - 0 views

  • The January 6 invasion of the US Capitol laid bare many uncomfortable truths about American society.
  • Some of the danger comes directly out of Capitol attack coverage
  • it's critical not to let stereotypes about "hillbilly malignancy" or economic anxiety blind us to the role that "respectable people" — business owners, CEOs and real estate brokers; at least 19 state and local officials; and law enforcement and service members — played in the siege that left five dead and scores of police officers injured.
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  • The danger we always have in this country is erasure.
  • Instead of that becoming the dominant conversation, the insurrection knocked the story of successful progressive organizing out of our political discussions, once again centering this toxic White supremacist identity and ideology.
  • Consider law enforcement's differential treatment of armed insurrectionists compared with demonstrators calling for racial equity and the end of police brutality. Take note of the race and class divisions at the heart of the rioters' discontent.
  • That kind of coverage means we have ended exactly where we started from, with this idea that this moment has been given to us by White, poor, rural people. Such stories erase complicity by upper-middle-class White people and reveal the tendency to turn up our noses at any nuanced portrayal of complicated issues of race, class and power that are actually at play here.
  • The reductive, monolithic hillbilly narrative sucks the life out of the work, the organizing spaces and even the imaginations of progressive people in Appalachia.
  • Another really big danger is when White people say, "This is not who we are." It is who we are.
  • When you talk about who profits, you also have to think about how this country glorifies work — particularly hard physical labor by White men
  • Some commentators have challenged the portrayal of rioters at the Capitol as "deplorables rising up from the muck of Rust Belt trailer parks" driven by economic anxiety.
  • All privileged people across the political spectrum profit from the economic anxiety myth, from energy CEOs — guys like Bob Murray — to the ecotourism industry and universities in the region by superficially distancing themselves from White supremacist ideology while also often preserving those same systems for their own benefit.
  • One of the dangers of these myths is that it allows the more genteel White toxicity to feel better about itself.
  • This masking is very dangerous and it worries me, because it erases the people who actually do most of the work in this country, while centering a very narrow, heteronormative view of masculinity.
  • The tendency to blame rural places comes because Appalachia isn't actually powerful. A state like West Virginia carries just five electoral college votes. The fact is that Appalachia and other rural places tell a story that is very pleasing to capitalism: That some people are willing to die for their work.
  • In this country, we seem to have a morbid need to find examples of people who happily sacrifice themselves for work
  • Practically speaking, we need to make sure the census is properly counted and make sure that rural progressive organizations are funded and have grant access.
  • The idea that we can flip a switch and be unified is absolutely ridiculous. That work is hard. We need a reorientation of perspective that helps us to see through the expeditious narratives that are so often sold to us.
katherineharron

Opinion: What Biden gets about being president -- and Trump doesn't - CNN - 0 views

  • It was especially refreshing to see President-elect Joe Biden and Vice President-elect Kamala Harris use their CNN interview with Jake Tapper on Thursday to make clear that leading America is, first and always, a complex effort requiring the cooperation and good will of millions.
  • the Biden-Harris conversation made clear why voters kicked Trump out of the White House.
  • Trump spouted falsehoods and tried to advance his own interests by demanding that somebody -- courts, state legislatures, maybe even Santa Claus -- somehow reverse the outcome of the election he lost last month.
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  • Biden and Harris, by contrast, talked about the national interest and urged the public to support their plans for the future.
  • Biden said he will issue a mandate for all Americans to wear masks for a little more than 3 months -- long enough to help halt and reverse the surging infection numbers. "Just 100 days to mask, not forever," he told Tapper. "100 days. And I think we'll see a significant reduction."
  • That nuanced call to arms is a 180-degree reversal from Trump's steadfast refusal to order the use of masks and his plea to the public back in October
  • We've had a year of divisive bombast and boasting with Trump claiming the virus would vanish; that he accepted no responsibility for the failed national response; and finally threw up his hands at the over 276,000 deaths from the virus, saying "it is what it is."
  • "I alone can fix it." Biden and Harris, by contrast, are consistently talking about sharing responsibility with other actors -- Congress, Republicans, governors, and allied nations overseas.
  • Biden estimated that "we can safely open those elementary schools" -- but at an estimated price tag of $100 billion, which he called on Congress to supply.
  • "Our Justice Department is going to operate independently," Biden said. "I'm not gonna be telling them to prosecute A, B or C." Another sharp contrast with Trump, who fired his first attorney general and routinely urged his second to go after Trump's political opponents.
  • Even the relationship between Biden and Harris appears to be based on conversation and consensus rather than firm hierarchy, despite the fact that the two exchanged tough words on the campaign trail during the Democratic primaries
  • Harris pointed to a recent Zoom meeting at which the incoming administration brought together labor leaders and corporate CEOs. "There's a consensus on what needs to be done" to get Americans back to work, she said.
  • n this case, voters chose to replace the singular, disruptive ego-driven approach of Trump with an administration that understands that the most potent power of an American president is his ability to convene, coax and cajole our vast nation into moving forward together.
  • "You're not gonna see me making policy by tweets," Biden told Tapper.
carolinehayter

Election Fraud Attack: Ex-Houston Police Captain Charged With Assaulting Man : NPR - 0 views

  • The suspect, Mark Anthony Aguirre, told police he was part of a group of private citizens investigating claims of the massive fraud allegedly funded by Facebook CEO Mark Zuckerberg and involving election ballots forged by Hispanic children. He said the plot was underway in Harris County, Texas, prior to the Nov. 3 election.
    • carolinehayter
       
      the absurdity of that statement...
  • Aguirre said he was working for the group Liberty Center for God and Country when, on Oct. 19, he pulled a gun on a man who he believed was the mastermind of the scheme.
  • Authorities found no evidence that he was involved in any fraud scheme claimed by Aguirre.
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  • Harris County District Attorney Kim Ogg said Aguirre "crossed the line from dirty politics to commission of a violent crime and we are lucky no one was killed."
  • "His alleged investigation was backward from the start — first alleging a crime had occurred and then trying to prove it happened," Ogg said.
  • Claims of voter fraud during this year's election — by President Trump, Aguirre and others — have been debunked. Evidence that President-elect Joe Biden won the election hasn't stopped Trump and others from challenging the results in court — an effort that has also repeatedly failed. This week, the Electoral College made Biden's victory official.
  • Aguirre's scheme was reportedly part of a paid investigation by the Liberty Center group, whose CEO is Republican activist Steven Hotze. It was later discovered that Aguirre was paid $266,400 by the organization for this involvement.
  • Liberty Center for God and Country's Facebook page says the organization's goal "is to provide the bold and courageous leadership necessary to restore our nation to its Godly heritage by following the strategy that our pilgrim forefathers gave us."
  • hould be "tarred and feathered" for coronavirus lockdown measures in the state.
  • ould be "
  • state
  • tarred
  • he had raised more than $600,000 over a three-week period
  • That fundraising push, Hotze said, "prevented the Democrats from carrying out their massive election fraud scheme in Harris County, and prevented them from carrying Texas for Biden. Our efforts saved Texas."
  • Aguirre and two other unidentified companions with the Liberty Center watched the victim for four days prior to the Oct. 19 attack, according to police records. They were convinced that there were 750,000 fraudulent ballots in the man's vehicle and home.
  • Aguirre said the victim was using Hispanic children to sign the ballots because children's fingerprints wouldn't appear on any database, according to the affidavit. He also claimed Facebook's founder gave $9.37 billion for "ballot harvesting."
  • The victim was driving his box truck during the early morning hours of Oct. 19, when he noticed a black SUV pull into his lane, almost hitting him. A few seconds later, the driver of the SUV later identified as Aguirre, allegedly slammed into the back of the man's vehicle. When the victim pulled over and got out to check on Aguirre, the former police officer allegedly pointed a gun at the victim and demanded he get on the ground.
  • While Aguirre had his knee into the man's back, according to the affidavit, he ordered two other people arrived on the scene to search the victim's truck. One of them then drove the truck as Aguirre kept the man pinned to the ground. The truck was found abandoned a few blocks away about 30 minutes after the incident. When police searched the victim's truck, only air-conditioner parts and tools were found. No ballots were discovered in the truck or in the man's home. Aguirre was charged with aggravated assault with a deadly weapon, a second-degree felony punishable by up to 20 years in prison.
  • Ex-Houston Police Officer
  • An ex-captain in the Houston Police Department was arrested Tuesday for allegedly running a man off the road and assaulting him in an attempt to prove a bizarre voter-fraud conspiracy pushed by a right-wing organization.
Javier E

A Revealing Look At Zuckerberg | Talking Points Memo - 0 views

  • these tradeoffs get to the heart of Facebook’s problem and the heart of what the site is. The harm is inherent to Facebook’s business model. When you find ways to reduce harm they’re almost always at the expense of engagement metrics the maximization of which are the goal of basically everything Facebook does. The comparison may be a loaded or contentious one. But it is a bit like the Tobacco companies. The product is the problem, not how it’s used or abused. It’s the product. That’s a challenging place for a company to be.
  • Facebook now makes up a very big part of the whole global information ecosystem. In many countries around the world Facebook for all intents and purposes is the Internet. The weather patterns of information as we might call them are heavily shaped by Facebook’s algorithms and the various tweaks and adjustments it makes to them in different countries. Facebook may not create the misinformation or hate speech or hyper-nationalist frenzies but its algorithms help drive them.
  • the guiding light for those algorithms is first to maximize engagement.
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  • That part we know. That’s the business model. But in a different way they are driven by goals and drives of this one guy, Mark Zuckerberg
  • my read is that it was more the ‘winning’ part than the money, though of course the two become somewhat indistinguishable. So Zuckerberg is a near free speech absolutist, as the story conveys. Except when it might mean going dark in a medium-to-large-sized country.
  • One interesting anecdote in the article comes out of Vietnam, where Facebook is estimated to make about $1 billion a year. A few years ago Vietnam demanded that Facebook start censoring anti-government posts or really any criticism of the government or be taken off line in the country. Essentially Vietnam insisted that Facebook delegate content moderation within Vietnam to the government of Vietnam. Zuckerberg personally made the decision to agree to the demands.
  • his article and much else makes pretty clear that it really is still Mark Zuckerberg that runs the show. And what drives him? This article and much else suggests that what shapes Zuckerberg’s goals are perhaps three things in descending order: 1) to win (in all its dimensions), 2) to maximize profits and 3) to cater to the complaints of the right which is most effective and aggressive about complaining about purported mistreatment.
  • He apparently justified this on the reasoning that Facebook disappearing in Vietnam would take away the speech rights of more people than the censorship would. If that sounds like self-justifying nonsense thank you for reading closely.
  • this is just too much power for one person to have. But it’s more that the win, win, win!!! mentality which certainly lots of CEOS and especially Founder-CEOS have in spades is here harnessed to an engine that does a lot of damage.
  • Back in 2018 I wrote about a distinct but related issue. No big tech company has been worse at launching off on new ventures or ideas, having whole cottage industries grow up around those ventures, and then shifting gears and having countless partner businesses go belly up
  • there is a related indifference or oblivious to the impact or social costs of what Facebook does, if in many case only because of its sheer scale.
  • This isn’t just corporate culture, or perhaps Zuckerberg himself. A lot of it is tied to Facebook’s relationship to the rest of the web. Google is structurally much more connected to and reliant on the open web. Facebook is much more a closed system which remains highly profitable regardless of the chaos it may create around it.
Javier E

The End of Men - The Atlantic - 0 views

  • Earlier this year, women became the majority of the workforce for the first time in U.S. history. Most managers are now women too. And for every two men who get a college degree this year, three women will do the same
  • Why wouldn’t you choose a girl? That such a statement should be so casually uttered by an old cowboy like Ericsson—or by anyone, for that matter—is monumental. For nearly as long as civilization has existed, patriarchy—enforced through the rights of the firstborn son—has been the organizing principle, with few exceptions
  • “You have to be concerned about the future of all women,” Roberta Steinbacher, a nun-turned-social-psychologist, said in a 1984 People profile of Ericsson. “There’s no question that there exists a universal preference for sons.”
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  • In the ’90s, when Ericsson looked into the numbers for the two dozen or so clinics that use his process, he discovered, to his surprise, that couples were requesting more girls than boys, a gap that has persisted, even though Ericsson advertises the method as more effective for producing boys. In some clinics, Ericsson has said, the ratio is now as high as 2 to 1.
  • A newer method for sperm selection, called MicroSort, is currently completing Food and Drug Administration clinical trials. The girl requests for that method run at about 75 percent.
  • Even more unsettling for Ericsson, it has become clear that in choosing the sex of the next generation, he is no longer the boss. “It’s the women who are driving all the decisions,”
  • Now the centuries-old preference for sons is eroding—or even reversing. “Women of our generation want daughters precisely because we like who we are,”
  • what if equality isn’t the end point? What if modern, postindustrial society is simply better suited to women?
  • Even Ericsson, the stubborn old goat, can sigh and mark the passing of an era. “Did male dominance exist? Of course it existed. But it seems to be gone now. And the era of the firstborn son is totally gone.”
  • Ericsson’s extended family is as good an illustration of the rapidly shifting landscape as any other. His 26-year-old granddaughter—“tall, slender, brighter than hell, with a take-no-prisoners personality”—is a biochemist and works on genetic sequencing. His niece studied civil engineering at the University of Southern California. His grandsons, he says, are bright and handsome, but in school “their eyes glaze over. I have to tell ’em: ‘Just don’t screw up and crash your pickup truck and get some girl pregnant and ruin your life.’
  • Man has been the dominant sex since, well, the dawn of mankind. But for the first time in human history, that is changing—and with shocking speed. Cultural and economic changes always reinforce each other
  • And the global economy is evolving in a way that is eroding the historical preference for male children, worldwide
  • Over several centuries, South Korea, for instance, constructed one of the most rigid patriarchal societies in the world.
  • As recently as 1985, about half of all women in a national survey said they “must have a son.” That percentage fell slowly until 1991 and then plummeted to just over 15 percent by 2003. Male preference in South Korea “is over,” says Monica Das Gupta, a demographer and Asia expert at the World Bank. “It happened so fast. It’s hard to believe it, but it is.” The same shift is now beginning in other rapidly industrializing countries such as India and China.
  • As thinking and communicating have come to eclipse physical strength and stamina as the keys to economic success, those societies that take advantage of the talents of all their adults, not just half of them, have pulled away from the rest. And because geopolitics and global culture are, ultimately, Darwinian, other societies either follow suit or end up marginalized
  • None of the 30 or so men sitting in a classroom at a downtown Kansas City school have come for voluntary adult enrichment. Having failed to pay their child support, they were given the choice by a judge to go to jail or attend a weekly class on fathering, which to them seemed the better deal.
  • in the U.S., the world’s most advanced economy, something much more remarkable seems to be happening. American parents are beginning to choose to have girls over boys. As they imagine the pride of watching a child grow and develop and succeed as an adult, it is more often a girl that they see in their mind’s eye.
  • What if the modern, postindustrial economy is simply more congenial to women than to men?
  • what if men and women were fulfilling not biological imperatives but social roles, based on what was more efficient throughout a long era of human history? What if that era has now come to an end? More to the point, what if the economics of the new era are better suited to women?
  • Once you open your eyes to this possibility, the evidence is all around you. It can be found, most immediately, in the wreckage of the Great Recession, in which three-quarters of the 8 million jobs lost were lost by men.
  • The recession merely revealed—and accelerated—a profound economic shift that has been going on for at least 30 years
  • Earlier this year, for the first time in American history, the balance of the workforce tipped toward women, who now hold a majority of the nation’s job
  • With few exceptions, the greater the power of women, the greater the country’s economic success
  • Women dominate today’s colleges and professional schools—for every two men who will receive a B.A. this year, three women will do the same. Of the 15 job categories projected to grow the most in the next decade in the U.S., all but two are occupied primarily by women
  • Indeed, the U.S. economy is in some ways becoming a kind of traveling sisterhood: upper-class women leave home and enter the workforce, creating domestic jobs for other women to fill.
  • The postindustrial economy is indifferent to men’s size and strength. The attributes that are most valuable today—social intelligence, open communication, the ability to sit still and focus—are, at a minimum, not predominantly male. In fact, the opposite may be true
  • Yes, women still do most of the child care. And yes, the upper reaches of society are still dominated by men. But given the power of the forces pushing at the economy, this setup feels like the last gasp of a dying age rather than the permanent establishment
  • In his final book, The Bachelors’ Ball, published in 2007, the sociologist Pierre Bourdieu describes the changing gender dynamics of Béarn, the region in southwestern France where he grew up. The eldest sons once held the privileges of patrimonial loyalty and filial inheritance in Béarn. But over the decades, changing economic forces turned those privileges into curses. Although the land no longer produced the impressive income it once had, the men felt obligated to tend it. Meanwhile, modern women shunned farm life, lured away by jobs and adventure in the city
  • The role reversal that’s under way between American men and women shows up most obviously and painfully in the working class
  • The working class, which has long defined our notions of masculinity, is slowly turning into a matriarchy, with men increasingly absent from the home and women making all the decisions
  • “Let’s see,” he continues, reading from a worksheet. What are the four kinds of paternal authority? Moral, emotional, social, and physical. “But you ain’t none of those in that house. All you are is a paycheck, and now you ain’t even that. And if you try to exercise your authority, she’ll call 911. How does that make you feel? You’re supposed to be the authority, and she says, ‘Get out of the house, bitch.’ She’s calling you ‘bitch’!”
  • Just about the only professions in which women still make up a relatively small minority of newly minted workers are engineering and those calling on a hard-science background, and even in those areas, women have made strong gains since the 1970s.
  • “Who’s doing what?” he asks them. “What is our role? Everyone’s telling us we’re supposed to be the head of a nuclear family, so you feel like you got robbed. It’s toxic, and poisonous, and it’s setting us up for failure.” He writes on the board: $85,000. “This is her salary.” Then: $12,000. “This is your salary. Who’s the damn man? Who’s the man now?” A murmur rises. “That’s right. She’s the man.”
  • In 1950, roughly one in 20 men of prime working age, like Henderson, was not working; today that ratio is about one in five, the highest ever recorded.
  • Men dominate just two of the 15 job categories projected to grow the most over the next decade: janitor and computer engineer. Women have everything else—nursing, home health assistance, child care, food preparation
  • Many of the new jobs, says Heather Boushey of the Center for American Progress, “replace the things that women used to do in the home for free.” None is especially high-paying. But the steady accumulation of these jobs adds up to an economy that, for the working class, has become more amenable to women than to men.
  • The list of growing jobs is heavy on nurturing professions, in which women, ironically, seem to benefit from old stereotypes and habits.
  • The men in that room, almost without exception, were casualties of the end of the manufacturing era. Most of them had continued to work with their hands even as demand for manual labor was declining.
  • Many professions that started out as the province of men are now filled mostly with women—secretary and teacher come to mind. Yet I’m not aware of any that have gone the opposite way. Nursing schools have tried hard to recruit men in the past few years, with minimal success. Teaching schools, eager to recruit male role models, are having a similarly hard time
  • The range of acceptable masculine roles has changed comparatively little, and has perhaps even narrowed as men have shied away from some careers women have entered. As Jessica Grose wrote in Slate, men seem “fixed in cultural aspic.” And with each passing day, they lag further behind.
  • women are also starting to dominate middle management, and a surprising number of professional careers as well. According to the Bureau of Labor Statistics, women now hold 51.4 percent of managerial and professional jobs—up from 26.1 percent in 1980
  • About a third of America’s physicians are now women, as are 45 percent of associates in law firms—and both those percentages are rising fast.
  • When we look back on this period, argues Jamie Ladge, a business professor at Northeastern University, we will see it as a “turning point for women in the workforce.”
  • A white-collar economy values raw intellectual horsepower, which men and women have in equal amounts. It also requires communication skills and social intelligence, areas in which women, according to many studies, have a slight edge. Perhaps most important—for better or worse—it increasingly requires formal education credentials, which women are more prone to acquire,
  • The men are black and white, their ages ranging from about 20 to 40. A couple look like they might have spent a night or two on the streets, but the rest look like they work, or used to. Now they have put down their sodas, and El-Scari has their attention, so he gets a little more philosophical
  • Companies began moving out of the city in search not only of lower rent but also of the “best educated, most conscientious, most stable workers.” They found their brightest prospects among “underemployed females living in middle-class communities on the fringe of the old urban areas.” As Garreau chronicles the rise of suburban office parks, he places special emphasis on 1978, the peak year for women entering the workforce. When brawn was off the list of job requirements, women often measured up better than men. They were smart, dutiful, and, as long as employers could make the jobs more convenient for them, more reliable
  • Near the top of the jobs pyramid, of course, the upward march of women stalls. Prominent female CEOs, past and present, are so rare that they count as minor celebrities,
  • Only 3 percent of Fortune 500 CEOs are women, and the number has never risen much above that.
  • What are these talents? Once it was thought that leaders should be aggressive and competitive, and that men are naturally more of both. But psychological research has complicated this picture. In lab studies that simulate negotiations, men and women are just about equally assertive and competitive, with slight variations. Men tend to assert themselves in a controlling manner, while women tend to take into account the rights of others, but both styles are equally effective,
  • Researchers have started looking into the relationship between testosterone and excessive risk, and wondering if groups of men, in some basic hormonal way, spur each other to make reckless decisions. The picture emerging is a mirror image of the traditional gender map: men and markets on the side of the irrational and overemotional, and women on the side of the cool and levelheaded.
  • the perception of the ideal business leader is starting to shift. The old model of command and control, with one leader holding all the decision-making power, is considered hidebound. The new model is sometimes called “post-heroic,” or “transformational”
  • he aim is to behave like a good coach, and channel your charisma to motivate others to be hardworking and creative. The model is not explicitly defined as feminist, but it echoes literature about male-female differences
  • Most important, women earn almost 60 percent of all bachelor’s degrees—the minimum requirement, in most cases, for an affluent life.
  • Firms that had women in top positions performed better, and this was especially true if the firm pursued what the researchers called an “innovation intensive strategy,” in which, they argued, “creativity and collaboration may be especially important”
  • he association is clear: innovative, successful firms are the ones that promote women. The same Columbia-Maryland study ranked America’s industries by the proportion of firms that employed female executives, and the bottom of the list reads like the ghosts of the economy past: shipbuilding, real estate, coal, steelworks, machinery.
  • To see the future—of the workforce, the economy, and the culture—you need to spend some time at America’s colleges and professional schools
  • emographically, we can see with absolute clarity that in the coming decades the middle class will be dominated by women.
  • Women now earn 60 percent of master’s degrees, about half of all law and medical degrees, and 42 percent of all M.B.A.s
  • “We never explicitly say, ‘Develop your feminine side,’ but it’s clear that’s what we’re advocating,” s
  • n a stark reversal since the 1970s, men are now more likely than women to hold only a high-school diploma.
  • ne would think that if men were acting in a rational way, they would be getting the education they need to get along out there,” says Tom Mortenson, a senior scholar at the Pell Institute for the Study of Opportunity in Higher Education. “But they are just failing to adapt.”
  • I visited a few schools around Kansas City to get a feel for the gender dynamics of higher education. I started at the downtown campus of Metropolitan Community College. Metropolitan is the kind of place where people go to learn practical job skills and keep current with the changing economy, and as in most community colleges these days, men were conspicuously absent.
  • the tidal wave of women continues to wash through the school—they now make up about 70 percent of its students. They come to train to be nurses and teachers
  • As for the men? Well, little has changed. “I recall one guy who was really smart,” one of the school’s counselors told me. “But he was reading at a sixth-grade level and felt embarrassed in front of the women. He had to hide his books from his friends, who would tease him when he studied. Then came the excuses. ‘It’s spring, gotta play ball.’ ‘It’s winter, too cold.’ He didn’t make it.”
  • “The economy isn’t as friendly to men as it once was,” says Jacqueline King, of the American Council on Education. “You would think men and women would go to these colleges at the same rate.” But they don’t.
  • Men, it turned out, had a harder time committing to school, even when they desperately needed to retool. They tended to start out behind academically, and many felt intimidated by the schoolwork. They reported feeling isolated and were much worse at seeking out fellow students, study groups, or counselors to help them adjust.
  • Mothers going back to school described themselves as good role models for their children. Fathers worried that they were abrogating their responsibilities as breadwinner.
  • it began showing up not just in community and liberal-arts colleges but in the flagship public universities—the UCs and the SUNYs and the UNCs.
  • Guys high-five each other when they get a C, while girls beat themselves up over a B-minus. Guys play video games in each other’s rooms, while girls crowd the study hall. Girls get their degrees with no drama, while guys seem always in danger of drifting away.
  • realized how much the basic expectations for men and women had shifted. Many of the women’s mothers had established their careers later in life, sometimes after a divorce, and they had urged their daughters to get to their own careers more quickly. They would be a campus of Tracy Flicks, except that they seemed neither especially brittle nor secretly falling apart.
  • Among traditional college students from the highest-income families, the gender gap pretty much disappears. But the story is not so simple. Wealthier students tend to go to elite private schools, and elite private schools live by their own rules.
  • Quietly, they’ve been opening up a new frontier in affirmative action, with boys playing the role of the underprivileged applicants needing an extra boost
  • among selective liberal-arts schools, being male raises the chance of college acceptance by 6.5 to 9 percentage points
  • the U.S. Commission on Civil Rights has voted to investigate what some academics have described as the “open secret” that private schools “are discriminating in admissions in order to maintain what they regard as an appropriate gender balance.”
  • To avoid crossing the dreaded 60 percent threshold, admissions officers have created a language to explain away the boys’ deficits: “Brain hasn’t kicked in yet.” “Slow to cook.” “Hasn’t quite peaked.” “Holistic picture.”
  • Clearly, some percentage of boys are just temperamentally unsuited to college, at least at age 18 or 20, but without it, they have a harder time finding their place these days
  • “Forty years ago, 30 years ago, if you were one of the fairly constant fraction of boys who wasn’t ready to learn in high school, there were ways for you to enter the mainstream economy,” says Henry Farber, an economist at Princeton. “When you woke up, there were jobs. There were good industrial jobs, so you could have a good industrial, blue-collar career. Now those jobs are gone.”
  • the disparities start before college. Throughout the ’90s, various authors and researchers agonized over why boys seemed to be failing at every level of education, from elementary school on up
  • identified various culprits: a misguided feminism that treated normal boys as incipient harassers (Christina Hoff Sommers); different brain chemistry (Michael Gurian); a demanding, verbally focused curriculum that ignored boys’ interests (Richard Whitmire)
  • t’s not all that clear that boys have become more dysfunctional—or have changed in any way. What’s clear is that schools, like the economy, now value the self-control, focus, and verbal aptitude that seem to come more easily to young girls.
  • movement is growing for more all-boys schools and classes, and for respecting the individual learning styles of boys
  • In their desperation to reach out to boys, some colleges have formed football teams and started engineering programs.
  • allowing generations of boys to grow up feeling rootless and obsolete is not a recipe for a peaceful future. Men have few natural support groups and little access to social welfare; the men’s-rights groups that do exist in the U.S. are taking on an angry, antiwoman edge.
  • Marriages fall apart or never happen at all, and children are raised with no fathers. Far from being celebrated, women’s rising power is perceived as a threat.
  • his is the first time that the cohort of Americans ages 30 to 44 has more college-educated women than college-educated men, and the effects are upsetting the traditional Cleaver-family dynamics. In 1970, women contributed 2 to 6 percent of the family income. Now the typical working wife brings home 42.2 percent, and four in 10 mothers—many of them single mothers—are the primary breadwinners in their familie
  • ncreasing numbers of women—unable to find men with a similar income and education—are forgoing marriage altogether. In 1970, 84 percent of women ages 30 to 44 were married; now 60 percent are.
  • or all the hand-wringing over the lonely spinster, the real loser in society—the only one to have made just slight financial gains since the 1970s—is the single man, whether poor or rich, college-educated or not. Hens rejoice; it’s the bachelor party that’s over.
  • The sociologist Kathryn Edin spent five years talking with low-income mothers in the inner suburbs of Philadelphia. Many of these neighborhoods, she found, had turned into matriarchies, with women making all the decisions and dictating what the men should and should not do. “I think something feminists have missed,” Edin told me, “is how much power women have” when they’re not bound by marriage
  • he women, she explained, “make every important decision”—whether to have a baby, how to raise it, where to live. “It’s definitely ‘my way or the highway,’
  • Thirty years ago, cultural norms were such that the fathers might have said, ‘Great, catch me if you can.’ Now they are desperate to father, but they are pessimistic about whether they can meet her expectations.” The women don’t want them as husbands, and they have no steady income to provide. So what do they have?
  • Nothing,” Edin says. “They have nothing. The men were just annihilated in the recession of the ’90s, and things never got better. Now it’s just awful.”
  • The phenomenon of children being born to unmarried parents “has spread to barrios and trailer parks and rural areas and small towns,” Edin says, and it is creeping up the class ladder. After staying steady for a while, the portion of American children born to unmarried parents jumped to 40 percent in the past few years.
  • Many of their mothers are struggling financially; the most successful are working and going to school and hustling to feed the children, and then falling asleep in the elevator of the community college.
  • Still, they are in charge. “The family changes over the past four decades have been bad for men and bad for kids, but it’s not clear they are bad for women,”
  • Over the years, researchers have proposed different theories to explain the erosion of marriage in the lower classes: the rise of welfare, or the disappearance of work and thus of marriageable men
  • the most compelling theory is that marriage has disappeared because women are setting the terms—and setting them too high for the men around them to reach.
  • The whole country’s future could look much as the present does for many lower-class African Americans: the mothers pull themselves up, but the men don’t follow. First-generation college-educated white women may join their black counterparts in a new kind of middle class, where marriage is increasingly rare.
  • Japan is in a national panic over the rise of the “herbivores,” the cohort of young men who are rejecting the hard-drinking salaryman life of their fathers and are instead gardening, organizing dessert parties, acting cartoonishly feminine, and declining to have sex. The generational young-women counterparts are known in Japan as the “carnivores,” or sometimes the “hunters.”
  • American pop culture keeps producing endless variations on the omega male, who ranks even below the beta in the wolf pack.
  • At the same time, a new kind of alpha female has appeared, stirring up anxiety and, occasionally, fear. The cougar trope started out as a joke about desperate older women. Now it’s gone mainstream, even in Hollywood,
  • the more women dominate, the more they behave, fittingly, like the dominant sex. Rates of violence committed by middle-aged women have skyrocketed since the 1980
Javier E

'We will coup whoever we want!': the unbearable hubris of Musk and the billionaire tech bros | Society books | The Guardian - 0 views

  • there’s something different about today’s tech titans, as evidenced by a rash of recent books. Reading about their apocalypse bunkers, vampiric longevity strategies, outlandish social media pronouncements, private space programmes and virtual world-building ambitions, it’s hard to remember they’re not actors in a reality series or characters from a new Avengers movie.
  • Unlike their forebears, contemporary billionaires do not hope to build the biggest house in town, but the biggest colony on the moon. In contrast, however avaricious, the titans of past gilded eras still saw themselves as human members of civil society.
  • The ChatGPT impresario Sam Altman, whose board of directors sacked him as CEO before he made a dramatic comeback this week, wants to upload his consciousness to the cloud (if the AIs he helped build and now fears will permit him).
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  • Contemporary billionaires appear to understand civics and civilians as impediments to their progress, necessary victims of the externalities of their companies’ growth, sad artefacts of the civilisation they will leave behind in their inexorable colonisation of the next dimension
  • Zuckerberg had to go all the way back to Augustus Caesar for a role model, and his admiration for the emperor borders on obsession. He models his haircut on Augustus; his wife joked that three people went on their honeymoon to Rome: Mark, Augustus and herself; he named his second daughter August; and he used to end Facebook meetings by proclaiming “Domination!”
  • as chronicled by Peter Turchin in End Times, his book on elite excess and what it portends, today there are far more centimillionaires and billionaires than there were in the gilded age, and they have collectively accumulated a much larger proportion of the world’s wealth
  • In 1983, there were 66,000 households worth at least $10m in the US. By 2019, that number had increased in terms adjusted for inflation to 693,000
  • Back in the industrial age, the rate of total elite wealth accumulation was capped by the limits of the material world. They could only build so many railroads, steel mills and oilwells at a time. Virtual commodities such as likes, views, crypto and derivatives can be replicated exponentially.
  • Digital businesses depend on mineral slavery in Africa, dump toxic waste in China, facilitate the undermining of democracy across the globe and spread destabilising disinformation for profit – all from the sociopathic remove afforded by remote administration.
  • on an individual basis today’s tech billionaires are not any wealthier than their early 20th-century counterparts. Adjusted for inflation, John Rockefeller’s fortune of $336bn and Andrew Carnegie’s $309bn exceed Musk’s $231bn, Bezos’s $165bn and Gates’s $114bn.
  • Zuckerberg told the New Yorker “through a really harsh approach, he established two hundred years of world peace”, finally acknowledging “that didn’t come for free, and he had to do certain things”. It’s that sort of top down thinking that led Zuckerberg to not only establish an independent oversight board at Facebook, dubbed the “Supreme Court”, but to suggest that it would one day expand its scope to include companies across the industry.
  • Any new business idea, Thiel says, should be an order of magnitude better than what’s already out there. Don’t compare yourself to everyone else; instead operate one level above the competing masses
  • Today’s billionaire philanthropists, frequently espousing the philosophy of “effective altruism”, donate to their own organisations, often in the form of their own stock, and make their own decisions about how the money is spent because they are, after all, experts in everything
  • Their words and actions suggest an approach to life, technology and business that I have come to call “The Mindset” – a belief that with enough money, one can escape the harms created by earning money in that way. It’s a belief that with enough genius and technology, they can rise above the plane of mere mortals and exist on an entirely different level, or planet, altogether.
  • By combining a distorted interpretation of Nietzsche with a pretty accurate one of Ayn Rand, they end up with a belief that while “God is dead”, the übermensch of the future can use pure reason to rise above traditional religious values and remake the world “in his own interests”
  • Nietzsche’s language, particularly out of context, provides tech übermensch wannabes with justification for assuming superhuman authority. In his book Zero to One, Thiel directly quotes Nietzsche to argue for the supremacy of the individual: “madness is rare in individuals, but in groups, parties, nations, and ages it is the rule”.
  • In Thiel’s words: “I no longer believe that freedom and democracy are compatible.”
  • This distorted image of the übermensch as a godlike creator, pushing confidently towards his clear vision of how things should be, persists as an essential component of The Mindset
  • In response to the accusation that the US government organised a coup against Evo Morales in Bolivia in order for Tesla to secure lithium there, Musk tweeted: “We will coup whoever we want! Deal with it.”
  • For Thiel, this requires being what he calls a “definite optimist”. Most entrepreneurs are too process-oriented, making incremental decisions based on how the market responds. They should instead be like Steve Jobs or Elon Musk, pressing on with their singular vision no matter what. The definite optimist doesn’t take feedback into account, but ploughs forward with his new design for a better world.
  • This is not capitalism, as Yanis Varoufakis explains in his new book Technofeudalism. Capitalists sought to extract value from workers by disconnecting them from the value they created, but they still made stuff. Feudalists seek an entirely passive income by “going meta” on business itself. They are rent-seekers, whose aim is to own the very platform on which other people do the work.
  • The antics of the tech feudalists make for better science fiction stories than they chart legitimate paths to sustainable futures.
Javier E

I Was a Useful Idiot for Capitalism - The Atlantic - 0 views

  • From my parents’ teenage years in the 1930s and ’40s through my teenage years in the 1970s, American economic life became a lot more fair and democratic and secure than it had been when my grandparents were teenagers. But then all of a sudden, around 1980, that progress slowed, stopped, and in many ways reversed.
  • I read an article about that year’s record-setting bonuses on Wall Street. The annual revenues of Goldman Sachs were greater than the annual economic output of two-thirds of the countries on Earth—a treasure chest from which the firm was disbursing the equivalent of $69 million to its CEO and an average of $800,000 each to everybody else at the place.
  • “This is not the America in which we grew up,” I wrote in a magazine column at the time, by which I meant America of the several very prosperous decades after World War II, when the income share of the super-rich was not yet insanely high. Since the 1980s, the portion of income taken each year by the rich had become as hugely disproportionate as it had been in the 1920s, with CEOs paid several hundred times more than the average worker, whose average income had barely budged for decades. “We’ve not only let economic uncertainty and unfairness grow to grotesque extremes,” I wrote, but “also inured ourselves to the spectacle.”
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  • Mea culpa. For those past two decades, I’d prospered and thrived in the new political economy. And unharmed by automation or globalization or the new social contract, I’d effectively ignored the fact that the majority of my fellow Americans weren’t prospering or thriving.
  • And I and my cohort of hippie-to-yuppie liberal Baby Boomers were complicit in that.
  • Economic inequality has reverted to the levels of a century ago and earlier, and so has economic insecurity, while economic immobility is almost certainly worse than it’s ever been.
  • What’s happened since the 1970s and ’80s didn’t just happen. It looks more like arson than a purely accidental fire, more like poisoning than a completely natural illness, more like a cheating of the many by the few—and although I’ve always been predisposed to disbelieve conspiracy theories, this amounts to a long-standing and well-executed conspiracy, not especially secret, by the leaders of the capitalist class, at the expense of everyone else.
  • In 40 years, the share of wealth owned by our richest 1 percent has doubled, the collective net worth of the bottom half has dropped to almost zero, the median weekly pay for a full-time worker has increased by just 0.1 percent a year, only the incomes of the top 10 percent have grown in sync with the economy, and so on
  • A union? Sure, fine. But I was talent. I was creative. I was an individual. College graduates tend to think of themselves that way, younger ones all the more, younger Baby Boomers at the time probably the most ever. And the intensified, all-encompassing individualism that blew up during the 1960s—I do my thing, and you do your thing—was not a mindset or temperament that necessarily reinforced feelings of solidarity with fellow workers or romantic feelings about unions.
Javier E

Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems - The New York Times - 0 views

  • In 2021, a Fed review of the growing bank found serious weaknesses in how it was handling key risks. Supervisors at the Federal Reserve Bank of San Francisco, which oversaw Silicon Valley Bank, issued six citations. Those warnings, known as “matters requiring attention” and “matters requiring immediate attention,” flagged that the firm was doing a bad job of ensuring that it would have enough easy-to-tap cash on hand in the event of trouble.
  • But the bank did not fix its vulnerabilities. By July 2022, Silicon Valley Bank was in a full supervisory review — getting a more careful look — and was ultimately rated deficient for governance and controls. It was placed under a set of restrictions that prevented it from growing through acquisitions
  • It became clear to the Fed that the firm was using bad models to determine how its business would fare as the central bank raised rates: Its leaders were assuming that higher interest revenue would substantially help their financial situation as rates went up, but that was out of step with reality.
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  • By early 2023, Silicon Valley Bank was in what the Fed calls a “horizontal review,” an assessment meant to gauge the strength of risk management. That checkup identified additional deficiencies — but at that point, the bank’s days were numbered
  • The picture that is emerging is one of a bank whose leaders failed to plan for a realistic future and neglected looming financial and operational problems, even as they were raised by Fed supervisors. For instance, according to a person familiar with the matter, executives at the firm were told of cybersecurity problems both by internal employees and by the Fed — but ignored the concerns.
  • Still, the extent of known issues at the bank raises questions about whether Fed bank examiners or the Fed’s Board of Governors in Washington could have done more to force the institution to address weaknesses
  • Other worries center on whether Jerome H. Powell, the Fed chair, allowed too much deregulation during the Trump administration. Randal K. Quarles, who was the Fed’s vice chair for supervision from 2017 to 2021, carried out a 2018 regulatory rollback law in an expansive way that some onlookers at the time warned would weaken the banking system.
  • Typically, banks with fewer than $250 billion in assets are excluded from the most onerous parts of bank oversight — and that has been even more true since a “tailoring” law that passed in 2018 during the Trump administration and was put in place by the Fed in 2019. Those changes left smaller banks with less stringent rules.
  • Silicon Valley Bank was still below that threshold, and its collapse underlined that even banks that are not large enough to be deemed globally systemic can cause sweeping problems in the American banking system.
  • Some of the concerns center on the fact that the bank’s chief executive, Greg Becker, sat on the Federal Reserve Bank of San Francisco’s board of directors until March 10. While board members do not play a role in bank supervision, the optics of the situation are bad.
  • “One of the most absurd aspects of the Silicon Valley bank failure is that its CEO was a director of the same body in charge of regulating it,” Senator Bernie Sanders, a Vermont independent, wrote on Twitter on Saturday, announcing that he would be “introducing a bill to end this conflict of interest by banning big bank CEOs from serving on Fed boards.
  • “It’s a failure of supervision,” said Peter Conti-Brown, an expert in financial regulation and a Fed historian at the University of Pennsylvania. “The thing we don’t know is if it was a failure of supervisors.”
  • Mr. Powell typically defers to the Fed’s supervisory vice chair on regulatory matters, and he did not vote against those changes. Lael Brainard, then a Fed governor and now a top White House economic adviser, did vote against some of the tweaks — and flagged them as potentially dangerous in dissenting statements.
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Elon Musk, Other AI Experts Call for Pause in Technology's Development - WSJ - 0 views

  • Calls for a pause clash with a broad desire among tech companies and startups to double down on so-called generative AI, a technology capable of generating original content to human prompts. Buzz around generative AI exploded last fall after OpenAI unveiled a chatbot with its ability to perform functions like providing lengthy answers and producing computer code with humanlike sophistication. 
  • Microsoft has embraced the technology for its Bing search engine and other tools. Alphabet Inc.’s Google has deployed a rival system, and companies such as Adobe Inc., Zoom Video Communications Inc. and Salesforce Inc. have also introduced advanced AI tools.
  • “A race starts today,” Microsoft CEO Satya Nadella said last month. “We’re going to move, and move fast.”
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  • “It is unfortunate to frame this as an arms race,” Mr. Tegmark said. “It is more of a suicide race. It doesn’t matter who is going to get there first. It just means that humanity as a whole could lose control of its own destiny.” 
  • Messrs. Musk and Wozniak have both voiced concerns about AI technology. Mr. Musk on Wednesday tweeted that developers of the advanced AI technology “will not heed this warning, but at least it was said.”
  • Yann LeCun, chief AI scientist at Meta Platforms Inc., on Tuesday tweeted that he didn’t sign the letter because he disagreed with its premise. 
  • Mr. Mostaque, Stability AI’s CEO, said in a tweet Wednesday that although he signed the letter, he didn’t agree with a six-month pause. “It has no force but will kick off an important discussion that will hopefully bring more transparency & governance to an opaque area.”
  • Mr. Tegmark said many companies feel “crazy commercial pressures” to add advanced AI technology into their products. A six-month pause would allow the industry “breathing room,” without disadvantaging ones that opt to move carefully
  • The letter said a pause should be declared publicly and be verifiable and all key actors in the space should participate. “If such a pause cannot be enacted quickly, governments should step in and institute a moratorium,” it said
  • AI labs and experts can use this time to develop a set of shared safety rules for advanced AI design that should be audited and overseen by outside experts, the authors wrote.
  • “I don’t think we can afford to just go forward and break things,” said Mr. Bengio, who shared a 2018 Turing award for inventing the systems that modern AI is built on. “We do need to take time to think through this collectively.”
Javier E

A Million First Dates - Dan Slater - The Atlantic - 0 views

  • The positive aspects of online dating are clear: the Internet makes it easier for single people to meet other single people with whom they might be compatible, raising the bar for what they consider a good relationship. But what if online dating makes it too easy to meet someone new? What if it raises the bar for a good relationship too high? What if the prospect of finding an ever-more-compatible mate with the click of a mouse means a future of relationship instability, in which we keep chasing the elusive rabbit around the dating track?
  • the rise of online dating will mean an overall decrease in commitment.
  • I often wonder whether matching you up with great people is getting so efficient, and the process so enjoyable, that marriage will become obsolete.”
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  • “Historically,” says Greg Blatt, the CEO of Match.com’s parent company, “relationships have been billed as ‘hard’ because, historically, commitment has been the goal. You could say online dating is simply changing people’s ideas about whether commitment itself is a life value.” Mate scarcity also plays an important role in people’s relationship decisions. “Look, if I lived in Iowa, I’d be married with four children by now,” says Blatt, a 40‑something bachelor in Manhattan. “That’s just how it is.”
  • “I think divorce rates will increase as life in general becomes more real-time,” says Niccolò Formai, the head of social-media marketing at Badoo, a meeting-and-dating app with about 25 million active users worldwide. “Think about the evolution of other kinds of content on the Web—stock quotes, news. The goal has always been to make it faster. The same thing will happen with meeting. It’s exhilarating to connect with new people, not to mention beneficial for reasons having nothing to do with romance. You network for a job. You find a flatmate. Over time you’ll expect that constant flow. People always said that the need for stability would keep commitment alive. But that thinking was based on a world in which you didn’t meet that many people.”
  • “You could say online dating allows people to get into relationships, learn things, and ultimately make a better selection,” says Gonzaga. “But you could also easily see a world in which online dating leads to people leaving relationships the moment they’re not working—an overall weakening of commitment.”
  • Explaining the mentality of a typical dating-site executive, Justin Parfitt, a dating entrepreneur based in San Francisco, puts the matter bluntly: “They’re thinking, Let’s keep this fucker coming back to the site as often as we can.” For instance, long after their accounts become inactive on Match.com and some other sites, lapsed users receive notifications informing them that wonderful people are browsing their profiles and are eager to chat. “Most of our users are return customers,” says Match.com’s Blatt.
  • The market is hugely more efficient … People expect to—and this will be increasingly the case over time—access people anywhere, anytime, based on complex search requests … Such a feeling of access affects our pursuit of love … the whole world (versus, say, the city we live in) will, increasingly, feel like the market for our partner(s). Our pickiness will probably increase.” “Above all, Internet dating has helped people of all ages realize that there’s no need to settle for a mediocre relationship.”
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