How The Economic Machine Works by Ray Dalio
 actually makes a case against austerity
 and for redistribution, but also for money printing
(and, arguably, for bailouts), while stressing the need to keep making productivity-improving public
investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore
, viz. Surviving Progress (2011)
... [more inside]
Many folks who play Powerball in the U.S. dream of private jets. But that's so
passé. All the coolest, richest kids
are buying, rebuilding and riding "private varnish
" (29 page .pdf file) and those that don't have the scratch for that, charter
. [more inside]
Rising Demand for Long-Term Services and Supports for Elderly People
, 574 kb) - "By 2050, one-fifth of the total U.S. population will be elderly (that is, 65 or older), up from 12 percent in 2000 and 8 percent in 1950. The number of people age 85 or older will grow the fastest over the next few decades, constituting 4 percent of the population by 2050, or 10 times its share in 1950. That growth in the elderly population will bring a corresponding surge in the number of elderly people with functional and cognitive limitations."
"Them and Them." "Rockland County, New York's East Ramapo school district is a taxpayer-funded system fighting financial insolvency. It is also bitterly divided between the mostly black and Hispanic children and families who use the schools and the Hasidic and ultra-Orthodox Jewish majority who run the Board of Education and send their children to private, religious schools."
Also see: A District Divided
. [more inside]
The National Bureau of Economic Research has published a new paper analyzing 138 years of economic history in 14 advanced economies, which proves that high levels of private debt cause severe recessions.
Money As Debt
When is a private space a public space? When it's a Privately Owned Public Space (POPS)
. In accordance with the planning codes of some cities, owners or builders of buildings are mandated to provide members of the general public access to spaces which include rooftop gardens, courtyards, and plazas. [more inside]
There are plenty of fund managers who want to be rock stars. Now, there is a rock star who fancies himself as a fund manager. Bob Geldof, the singer and campaigner for aid to Africa, is seeking to raise $1bn from institutional investors for a private equity venture on the continent. The pitch he is making represents a remarkable shift into African business for a man more often associated with his relentless advocacy for debt relief and aid to Africa.
(Text Via FT
) Till date he has raised
$200m. Some are confused
. Others are snarking
. The Guardian's
interview by an Ethiopian born writer with [more inside]
Philosopher A C Grayling announces the establishment of a new force in Higher Education in England
: the New College of the Humanities, with much trumpeting of its all-star line-up, and its promise to "inspire the next generation of lawyers, journalists, financiers, politicians, civil servants, writers and teachers" . [more inside]
How Private Is 'Private Charity'?
Private charity may be more accurately described
as "private donations coupled with involuntary, tax-financed public subsidies." And it's not fair
: "very low-income people paying only payroll taxes get hardly any leverage for their donations. Very high-income people in states with high income-tax rates – such as New Jersey and New York – can through the tax code virtually double the money funneled to a charity per dollar of their own sacrifice." (previously
From the Pentagon to the private sector
- In large numbers, and with few rules, retiring generals are taking lucrative defense-firm jobs [more inside]
OhLife: The easiest way to write your life story.
"Every night we'll email you the question 'How did your day go?' Just reply with your entry and it's saved here instantly." [more inside]
Shared social responsibility
- When customers could pay what they wanted in the knowledge that half of that would go to charity, sales and profits went through the roof ... Gneezy describes the combination of charitable donations and paying what you like as 'shared social responsibility', where businesses and customers work together for the public good.
) [also see 1
Exposed: Voyeurism, Surveillance and the Camera
is an exhibition at the Tate Modern in London which examines voyeurism through the medium of photography. In addition to works from professionals such as Brassaï, Henri Cartier-Bresson, Lee Miller, Shizuka Yokomizo, Guy Bourdin, Nan Goldin and Robert Mapplethorpe, it includes amateur and CCTV "stolen" images taken both with and without the knowledge of their subjects
-- all intended to "explore the uneasy relationship between making and viewing images that deliberately cross lines of privacy and propriety." [more inside]
SpaceX's fourth flight was successful. Scaled Composites'
X-Prize winning SpaceShipOne made the first privately funded hop into space. SpaceX
just took the next big step and inserted a dummy payload into orbit
. Next, they will launch the much larger Falcon 9
and later test out the human-carrying Dragon
. CEO Elon Musk
also enjoys dabbling in banking
and exotic electric cars
"An internet resource for those interested in historical and literary diaries and diarists." Information pages on over five hundred diarists are included.
The U.S. Supreme Court has held that the bed and banks under all rivers, lakes, and streams that are navigable, for title purposes, are owned by the states, held in trust for the public.
Mineral extraction interests and other parties often challenge this 'public use' designation by using/abusing the navigabilty
designation to keep out fisherman and other recreational users in order to exploit the rivers for private gain.
The Upper Sacramento River and McCloud Rivers of Northern California are the latest battleground in recreational river access
. In what has become all too common
, an ugly fight
pitting sportsmen and nature enthusiasts against private interests is unfolding.
has led the good fight
to keep the rivers public. He could use your help... but it doesn't look good, and there is not much time!
Is now captured Robert A. Levinson a spy? a government agent?
Perhaps someone on non-official cover (NOC)
? or just a guy doing some research for a book in Iran. The WaPo cuts through the mumbo jumbo here.
A daily intelligence brief on Iraq,
prepared by a private contractor for the U.S. military and companies working in Iraq--SOC-SMG Inc
--paints a grim picture of life in Baghdad. The information in large sections of the brief? It came from this blog: Iraq the Model
All men are created equal.
(Just some more equal than others.)
So, if my pizza's 30 minutes late, do I get a personal apology from Uncle Enzo? "In Nevada, a 55-acre community called Front Sight, featuring streets with names like Second Amendment Drive and Sense of Duty Way, is being built for gun enthusiasts (people who buy an acre plot get lifetime use of the 22 planned ranges, an Uzi machinegun and a safari in Africa). In Baton Rouge, Louisiana, one gated community seems to have been taken over by black rap stars."