Decoupling from China?

Maybe, but maybe not:

Amid the current U.S.-China technological race, the U.S. has imposed export controls to deny China access to strategic technologies. We document that these measures prompted a broad-based decoupling of U.S. and Chinese supply chains. Once their Chinese customers are subject to export controls, U.S. suppliers are more likely to terminate relations with Chinese customers, including those not targeted by export controls. However, we find no evidence of reshoring or friend-shoring. As a result of these disruptions, affected suppliers have negative abnormal stock returns, wiping out $130 billion in market capitalization, and experience a drop in bank lending, profitability, and employment.

That is from the NY Fed, by Matteo Crosignani, Lina Han, Marco Macchiavelli, and André F. Silva.  Via RH.

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Astra considered bankruptcy as it struggled to raise cash

Astra Rocket 4
Astra Rocket 4

Spacecraft propulsion and launch vehicle company Astra Space considered filing for bankruptcy several times in recent months as the company struggled to raise cash.

The post Astra considered bankruptcy as it struggled to raise cash appeared first on SpaceNews.

China to leverage growing commercial space sector to launch megaconstellations

A Landspace Zhuque-3 prototype rocket stage, powered by a methane-liquid oxygen exhuast plume, in the skies above the desert at Jiuquan spaceport, Jan. 19, 2024.
A Landspace Zhuque-3 prototype rocket stage, powered by a methane-liquid oxygen exhuast plume, in the skies above the desert at Jiuquan spaceport, Jan. 19, 2024.

China will utilize expected launch capacity from the country’s emergent commercial space sector to help realize its megaconstellation plans.

The post China to leverage growing commercial space sector to launch megaconstellations appeared first on SpaceNews.

Virgin Galactic proposes reverse stock split

Eve and Unity
Eve and Unity

Virgin Galactic will ask shareholders to approve a reverse stock split intended to boost the falling share price of the suborbital spaceflight company.

The post Virgin Galactic proposes reverse stock split appeared first on SpaceNews.

The Great Carina Nebula

The Great Carina Nebula The Great Carina Nebula


Facing NGC 1232

From our vantage point in the From our vantage point in the


The politics of *Civil War* (full of spoilers, do not read)

I saw the film as having very definite politics, and yes I am aware of the pronouncements of the director — ignore them!  I am writing about the movie, what was on the screen.

The seceding states — California, Texas, and Florida — all have substantial Latino population segments.  The core political message is that a nation cannot hold together under those conditions.  The “Democrat vs. Republican” issues become irrelevant in those scenarios, and that too is part of the political message.  Ethnic considerations become primary in the final analysis.  And note that the separate Florida, not part of the Western Alliance, is the one state with lots of Latinos and not so many Mexicans.  It is California and Texas that share the same ethno ambitions.

The key moment is the scene when they encounter the evil blond-haired guy with the big gun, and he asks “What kind of American are you?”  The naive viewer expects the Socratic dialogue to shift in the direction of red vs. blue states, but no the baddie starts talking about “Central Americans” and “South Americans.”  The real question has become what kinds of Americans are we indeed.

The Hong Kong/Chinese guy is shot immediately, once he announces his nationality, again a stand-in for the broader ethnostate divisions the movie is portraying.

When the two individuals shift cars, and jump from one moving vehicle to the other, that is the true portend of pending disaster, as Hollis Robbins has pointed out.  Stay in your car (country)!

Of course Hollywood cannot put such a message on the screen explicitly, nor are most critics capable of seeing it.  Mostly they are left wondering what has happened to the Trump vs. anti-Trump divisions they heard about on NPR.

If you doubt whether this movie is historically detailed and aware, consider how it portrays West Virginia on this civil war “next time around.”  They are less interested than are the Virginians.

You won’t see much Christianity in the film at all.

Except for the black veteran, the media class are shown as selfish, elevating the scoop above all while disclaiming moral responsibility, enjoying the witnessing of violence, and verging on the psychotic.  It is not an entirely favorable portrait (and yes I do know the director’s words on this).

The U.S. citizenry gets rather caught up in fighting the war, and the most positive visions are of the two fathers who retreat to their farms, again a reactionary message.

Blacks are shown as the servant class of each side in the civil war, a portrait that, if people were more aware, would be considered offensive.

So those are the politics of the movie, but with the distractions of the violence on the screen and of current culture wars, we just don’t notice how much they are pushed into our faces.  I give the director credit for his guts, noting that George Lucas ripped off Leni Riefenstahl and I still like that movie too.

To be clear, those are not my politics at all, as loyal MR readers can attest.  But that is not how I judge movies and this one — while definitely flawed — was still pretty good.

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Congress pushes DoD to deliver

Lettering reading "Defense Innovation Unit Experimental" on an office wall.
Lettering reading "Defense Innovation Unit Experimental" on an office wall.

A big budget boost for the Defense Innovation Unit (DIU) sends a loud, clear message.

The post Congress pushes DoD to deliver appeared first on SpaceNews.

Orbex raises $20.8 million Series C extension

Orbex, a company based in the United Kingdom developing a small launch vehicle, has raised $20.8 million to “ramp up” work on its long-delayed rocket.

The post Orbex raises $20.8 million Series C extension appeared first on SpaceNews.

Sci-Fi Showdown at Space Symposium: Complete transcript of the Star Trek vs Star Wars debate

A woman in brown leather Star Wars jacket and orange pants speaks to a crowd gathered at a trade show exhibit for space company Redwire.
A woman in brown leather Star Wars jacket and orange pants speaks to a crowd gathered at a trade show exhibit for space company Redwire.

Read the full transcript of the Star Wars versus Star Trek debate held during the 39th Space Symposium.

The post Sci-Fi Showdown at Space Symposium: Complete transcript of the Star Trek vs Star Wars debate appeared first on SpaceNews.

Globes in the Modern Era

“In the age of Google Earth, watches that triangulate and cars with built-in GPS, there’s something about a globe—a spherical representation of the world in miniature—that somehow endures.” The Associated Press has a fairly light feature on the relevance and popularity of globes today; the bespoke globes of Bellerby and Co. (whence) are prominently featured, of course (Replogle not so much, oddly), but they’re intermixed with some historical trivia. Not in-depth in the slightest, but something a few newspapers would have found interesting enough to run.

xkcd: ‘Every Eclipse Path Map’

An xkcd cartoon about eclipse path maps.
Randall Munroe, “Every Eclipse Path Map,” xkcd, 17 Apr 2024.

Looks like we’re not quite done with eclipse maps, especially the whimsical sort, and it’s not at all invalid for xckd to have (what is probably going to be) the last word on the subject (at least for a while), with this fictional map showing the fictional path of a fictional eclipse over a fictional landscape, with rueful descriptions of fictional places where trying to see the fictional eclipse will come to a bad end for the fictional observers. (And you thought it was bad you got clouds.)

Struggling with a Moral Panic Once Again

I have to admit that it’s breaking my heart to watch a new generation of anxious parents think that they can address the struggles their kids are facing by eliminating technology from kids’ lives. I’ve been banging my head against this wall for almost 20 years, not because I love technology but because I care so deeply about vulnerable youth. And about their mental health. And boy oh boy do I loathe moral panics. I realize they’re politically productive, but they cause so much harm and distraction.

I wish there was a panacea to the mental health epidemic we are seeing. I wish I could believe that eliminating tech would make everything hunky dory. (I wish I could believe many things that are empirically not true. Like that there is no climate crisis.) Sadly, I know that what young people are facing is ecological. As a researcher, I know that young people’s relationship with tech is so much more complicated than pundits wish to suggest. I also know that the hardest part of being a parent is helping a child develop a range of social, emotional, and cognitive capacities so that they can be independent. And I know that excluding them from public life or telling them that they should be blocked from what adults values because their brains aren’t formed yet is a type of coddling that is outright destructive. And it backfires every time. 

I’m also sick to my stomach listening to people talk about a “gender contagion” as if every aspect of how we present ourselves in this world isn’t socially constructed. (Never forget that pink was once the ultimate sign of masculinity.) Young people are trying to understand their place in this world. Of course they’re exploring. And I want my children to live in a world where exploration is celebrated rather than admonished. The mental health toll of forcing everyone to assimilate to binaries is brutal. I paid that price; I don’t want my kids to as well.

I have no way to combat the current wave of fear-mongering that’s working its way into schools under false pretenses of science. I don’t know how to stop a tidal wave of anxious parents seeking a quick fix. But I did decide to spend some time talking with some thoughtful reporters about “kids these days” in an effort to center youth instead of technology. 

Taylor Lorenz’s “Power User”

  • Episode: Is Social Media Destroying Kids’ Lives? (+ Elon’s Secret X Account)
  • You can watch in two ways: (video version) (podcast version)

I continue to be impressed with Taylor’s ability to stand up to the trolls and offer thoughtful and nuanced takes on our sociotechnical world. So I was super honored when she reached out to see if I would be willing to talk about the latest moral panic with her. Hopefully this conversation can be a source of calm for the generation of anxious parents out there.

Detroit Public Radio’s “Created Equal”

Stephen Henderson is genuinely curious to unpack why the focus on legislation isn’t the right approach to mental health. So we dove in together to talk this through. Hopefully his thoughtful questions and my responses will provide insights for those who are hoping that regulation can make a dent in this whole thing.

There is a Path Forward…

In both of these conversations, I offer some thoughts for different audiences out there, including parents, regulators, teachers, and even kids. I’ve said many of these before, but I want to highlight a few that are top of mine just in case you’re reading this but don’t have time to listen to our conversations. I’m going to keep them brief here, but I hope I can continue to unpack them more and more over time.

1. Parents: Ensure your kids have trusted adults in their lives. It really does take a village. Kids need to be able to turn to other adults, not just you, especially when they’re struggling. You can really help your kids by ensuring they have a trusted network of aunties and coaches and mentors and other such adults. Build those relationships early and allow your children to develop strong independent relationships with adults you trust.

2. Adults writ large: “Adopt” other youth into your life. Be a mentor, a supporter, a cheerleader, a trusted person that they can turn to. You can do this through formal mentoring programs or just being an auntie to friends’ kids. You can really make a difference.

3. Regulators: Fund universal mental health access, ffs. It should not be so hard to get access to quality care when you’re in a crisis. And it should not require parental permission to seek help. Make mental health care access easy! And not just crisis care – actual sustained mental health care. Kids’ lives depend on this.

4. Parents: Check your own tech use. You are norm-setting for kids out there. Create a household tech contract with your kids. Listen to their frustrations over YOUR tech use before you judge them. This starts with the tiny ones btw.

5. Philanthropy: Invest in a “digital street outreach” program. Remember when we used to reach out to young people who were on the streets and offer them clean needles, information, and resources? When young people are crying out online, who is paying attention to them? Who is holding them? Who is ensuring that they’re going to be AOK? The answer is ugly. We need responsible people to be poised to reach out to young people when they’re crying out in pain.

Please please please center young people rather than tech. They need our help. Technology mirrors and magnifies the good, bad, and ugly. It’s what makes the struggles young people are facing visible. But it is not the media effects causal force that people are pretending it is.

The sound and the fury of asinine automated tannoy announcements

Today I’m allowing myself to be a pedantic nit-picker. Really embracing that side of me.

And I’m wondering how to push back against mundane nits, even though I’m aware that it makes me sound like I’m over-sensitive and focusing on the wrong things.

Because the tiny things really do matter, and I’m reminded of that because I’ve spied at least one mechanism where a small change has a larger cultural impact.

The example is in social media…


"What is happening?!" – that’s the prompt that X/Twitter gives you in the post input field.

"What’s on your mind, Matt?" – that’s what Facebook says to me.

This is some kind of manifestation of brand, I had imagined. I hadn’t thought about it very much. I guess the wording has an effect what the social network is like, but I wouldn’t have given that much weight.

EXCEPT: the “nudge” acts strongly with neurodiverse people.

Here’s a paper about it (detailed ref below):

[Our Autistic young adult participants] interpreted feature descriptions such as “people you may know,” “what’s happening?,” “what’s on your mind?,” and “write a comment,” as a direct statement to themselves to act upon.

That UI microcopy that I parse as at-best lightly encouraging me to behave in a particular way is treated by at least some people as a strong instruction.

Again:

we observed that young Autistic adults took prompts to share information at face value and followed these suggestions as directives. For example, Participant3 explains the reason for sharing her contact information on her profile: “I had to do that because when I made my account it said phone number or email.”

This is so illuminating to me.

Ref.

Page, X., Capener, A., Cullen, S., Wang, T., Garfield, M., & J. Wisniewski, P. (2022). Perceiving Affordances Differently: The Unintended Consequences When Young Autistic Adults Engage with Social Media. Proceedings of the 2022 CHI Conference on Human Factors in Computing Systems, 1-21. https://doi.org/10.1145/3491102.3517596


Let me extrapolate.

  • Prevalence of Autistic adults in the US: 2 percent. (Apologies for the reference to “disorder” on that page; I wanted to link to the stat but I disagree with the frame.)
  • McKinsey. Minimum number of employees to involve for a successful business transformation project: 7 percent.

So hand-waving a bit here, 2% of a social app’s audience taking user interface copy literally is a good way toward having actual cultural change. You get a bunch more via mimesis, a bunch via algo nudges, and so on. But neurodiverse people get you a quarter of the way there!

I had PREVIOUSLY imagined that culture changes because EVERYONE shifts behaviour a LITTLE.

But NOW I see a mechanism whereby a VERY SMALL cohort changes their behaviour ABSOLUTELY and perhaps that drags along the rest.

Which seems plausible?

Anyway, I would love to understand more how/whether neurodiverse people have a critical role as a cultural vector, online and elsewhere, disproportionate to population.


Thinking like this has made me appreciate, even more, that apparently innocuously choices MATTER culturally, even when I can’t imagine the actual mechanism.

So I’ll go into two such apparently innocuous examples


Here are two incidences with signage that I spotted on my travels in the last few days.

London Bridge

At London Bridge station this morning, an automated announcement over the tannoy: "Due to weather conditions the surfaces around the station may be slippery."

I mean… yes? It’s raining a little? So… of course??

It is fascinating to contemplate the complex of considerations and sign-offs that brought this automated announcement into existence and maintain it.

I can’t imagine it stops people slipping over. And I can’t imagine it would function as a protective shield in court against negligence.

I can imagine, on the other hand, how it came into being! Somebody is trying to be nice or helpful, and nobody has an argument against adding the announcement to the roster. Or it’s a health & safety thing, an individual being extra keen, or maybe it’s aimed at staff (not travellers), but there was no lawyer in the room to say “nah that’s actually not a functional defence.”

But. To my mind, the automated tannoy announcement is corrosive:

  • Situationally: it reduces the signal to noise ratio of announcements and stops me listening to all announcements, even useful ones
  • Societally: it subtly reduces my individual level of responsibility by letting me disclaim any accident as “well, I wasn’t told.”

Society, in this case, becomes an diffuse helicopter parent.

Gatwick Airport

There are some gorgeous, huge, bright screens in Gatwick Airport now, used for way-finding and (of course) ads. You can barely tell they’re screens.

In fact these screens fulfil the function of regular static signs, and have displaced those old signs: there’s a big yellow block that says “Toilets.”

Some of the time.

A minute later, that part of the large screen changes its display mode and tells you what gates are in that direction instead.

The thing is… you can’t, on first glance, tell that these screens are screens. They do not have the visual affordance of changing over time. They are not dimmer than standard static surfaces; they have no flicker. The pixels are not visible.

So I unconsciously note that there is a sign that tells me where the toilets are, without memorising the arrow. My cognition is environmental; my extended mind extends to the sign. I look again, now wanting to know the direction… but the sign has changed.

I am confused. Was I wrong to look there for direction?

This all happens below my immediate consciousness. I am gaslit by the signage. By my own mind! By the sign’s appearance, it had informed me that it is not a changing screen. I must be mistaken.

My extental reality, I absorb just very slightly, just at 0.1% intensity, my external reality is not to be trusted.


I am aware that, in bringing up these two examples, I am an old man yelling at a cloud.

I am gesturing at what appear to be such diffuse effects, homoeopathically tiny nudges on culture:

  • That I do not bear individual responsibility for my own well-being, beginning with not being trusted to look after my own feet in the rain.
  • That I cannot trust my perceptions of my physical surroundings, beginning with an ostensibly helpful sign duping me and denying its nature.

It is challenging to belief this even matters?

HOWEVER.

My note from the microcopy-to-culture story is that it is worth caring about these things because even if I cannot identify the mechanism right now, large cultural effects from tiny acorns grow.

These examples are, indeed, how culture is enacted and propagated.


So I wonder what the counter-action could be, if I feel so strongly about the potential effects?

How can I persuade people to remove the meaningless announcements, to return meaning to signs? Short of enrolling a mob of enraged semioticians to take matters into their own hands.

To illuminate and persuade, we need new instruments to measure diffuse nudges on culture.

That sounds abstract. Yet, in the marketing world, something like Net promoter score (NPS) (Wikipedia) does exactly that.

If you’ve ever been asked whether you would recommend a product or service to a friend, know that your answer will pass through a standard and simple algorithm, and be pored over by product managers every 30 days.

The existence of NPS is so potent in bringing about a certain type of behaviour.

If there were a number to easily measure some abstract social metric - entrepreneurship, feeling of individual agency, contentment - and then show how it is eroded by the theatre of announcements that say “be careful walking, it’s for your own good”…

Well,

that would be an awfully technocratic “solution”.

And probably not work, really.


YET:

It doesn’t need to work, really. It doesn’t need to be true.

I just need some mechanism.

Some plausible mechanism to get into the heads of policy-makers and managers.

To make the asinine announcements in train stations stop.

Because they may or may not be a cause or a symptom of a certain kind of society, and all of that.

But mainly they drive me loopy.

And I want the robot to stop telling me that it’s raining and therefore I might slip over because for goodness sake.

Friday 19 April 1661

Among my workmen and then to the office, and after that dined with Sir W. Batten, and then home, where Sir W. Warren came, and I took him and Mr. Shepley and Moore with me to the Mitre, and there I cleared with Warren for the deals I bought lately for my Lord of him, and he went away, and we staid afterwards a good while and talked, and so parted, it being so foul that I could not go to Whitehall to see the Knights of the Bath made to-day, which do trouble me mightily. So home, and having staid awhile till Will came in (with whom I was vexed for staying abroad), he comes and then I went by water to my father’s, and then after supper to bed with my wife.

Read the annotations

April 19th COVID Update: Weekly Deaths Decreased

Mortgage RatesNote: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.

It is likely that we will see pandemic lows for hospitalizations and deaths in the next several weeks.  That is welcome news!

For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly.

Hospitalizations have declined significantly from the winter high of 30,027 but are still slightly above the low of 5,386 last year.

COVID Metrics
 NowWeek
Ago
Goal
Hospitalized25,8996,686≤3,0001
Deaths per Week2779982≤3501
1my goals to stop weekly posts,
2Weekly for Currently Hospitalized, and Deaths
🚩 Increasing number weekly for Hospitalized and Deaths
✅ Goal met.

COVID-19 Deaths per WeekClick on graph for larger image.

This graph shows the weekly (columns) number of deaths reported.

Weekly deaths have declined sharply from the recent peak of 2,558 but are still 50% above the low of 490 last July.

And here is a graph I'm following concerning COVID in wastewater as of April 18th:

COVID-19 WastewaterThis appears to be a leading indicator for COVID hospitalizations and deaths.

Nationally, COVID in wastewater is now off close to 90% from the holiday peak at the end of December, and that suggests weekly hospitalizations and deaths will continue to decline.

Dwarkesh interviews Mark Zuckerberg on Llama 3 and more

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Links 4/19/24

Links for you. Science:

What happened when the moon ‘turned itself inside out’ billions of years ago?
It’s not about getting “the scoop”, it’s about getting it right. Origin of COVID-19: My emails with former NYTimes reporter Donald McNeil
A key chemistry journal disappeared from the web. Others are at risk
Measles could once again become endemic in the US, the CDC warns
First languages of North America traced back to two very different language groups from Siberia
Pompeii: Breathtaking new paintings found at ancient city

Other:

D.C. nixes plan for Connecticut Avenue bike lane (“I think the reason why this abrupt about-face happened is probably a misperceived idea that the more parking she can put on Connecticut Avenue, the better business will be.” If you live in a city, you should vote for people who commute like you do)
Don’t Let Donald Trump Confess—Expose Him First
Evangelicals are fed up with the House GOP’s Israel aid holdouts (they are willing to fight to last Palestinian and Israeli)
Sadly, for Trump, Arizona’s abortion ban is bullshit-resistant
D.C. store that survived 1968 unrest and gentrification now closes
The Embarrassingly Weak Case For Sonia Sotomayor To Stick It Out
No more US complicity with Netanyahu’s war machine in Gaza. Israel has the right to respond to Hamas. It does not have the right to go to war against the Palestinian people.
Maga blots out democracy’s sun
Billionaire Leonard Leo rejects Senate subpoena over supreme court gifts (then jail his ass)
Why do we use social media?
Democratic tech group aims to shake up Republican statehouses in 2024
Biden Administration Raises Costs to Drill and Mine on Public Lands
This is why Trump supporters will believe absolutely anything
Google’s censorship of California journalists is a preview of AI’s future
Hanover County supervisors censor commendation for Girl Scout who fought censorship
Small-time investors in Trump’s Truth Social reckon with stock collapse
Adeptus Custodes 10th Ed Lore Review: It Really is for Everyone
Biden Has All But Caught Up With Trump in Polls
Why progressives have to worry about a top-two lockout in Wisconsin’s Supreme Court race
How Donald Trump Gets Special Treatment in the Legal System
Judge Cannon Signals a New Plan: Understanding her sudden swerve in the context of everything that came before in the the classified documents case against Trump.
Republicans remain terrible at picking Senate candidates
Right-Wing Media Are in Trouble
Arizona’s conservatives brought this political nightmare on themselves
How Elon Musk Wrecked Twitter
D.C. targets ‘porch pirates’ with sting operations and tougher penalties

AI & Software Development 2

Thank you for all the thoughtful comments & discussion about the first post on the topic. People are worried, afraid, maybe a little hopeful, but mostly resigned that the worst possible systemic effects are just what’s going to happen to programmers out of all this brouhaha.

My points from yesterday:

  • I’m not worried that the job of programmer will go away…

Read more

AI & Software Development

I don’t have a comprehensive take on AI & software development, but I do have Some Thoughts I’m comfortable sharing with you paying subscribers. I hope we can have a conversation here to help refine our collective thinking.

Jobs

“AI is going to take away all the programming jobs”—bollocks. There’s this technology that will enable business people to state …

Read more

Boeing says it will cut SLS workforce “due to external factors”

The SLS rocket is seen on its launch pad at Kennedy Space Center in August 2022.

Enlarge / The SLS rocket is seen on its launch pad at Kennedy Space Center in August 2022. (credit: Trevor Mahlmann)

On Thursday senior Boeing officials leading the Space Launch System program, including David Dutcher and Steve Snell, convened an all-hands meeting for the more than 1,000 employees who work on the rocket.

According to two people familiar with the meeting, the officials announced that there would be a significant number of layoffs and reassignments of people working on the program. They offered a handful of reasons for the cuts, including the fact that timelines for NASA's Artemis lunar missions that will use the SLS rocket are slipping to the right.

Later on Thursday, in a statement provided to Ars, a Boeing spokesperson confirmed the cuts: "Due to external factors unrelated to our program performance, Boeing is reviewing and adjusting current staffing levels on the Space Launch System program."

Read 11 remaining paragraphs | Comments

SpaceX and Northrop are working on a constellation of spy satellites

A Falcon 9 rocket launches a Starlink mission in January 2020.

Enlarge / A Falcon 9 rocket launches a Starlink mission in January 2020. (credit: SpaceX)

SpaceX is reportedly working with at least one major US defense contractor, Northrop Grumman, on a constellation of spy satellites for the National Reconnaissance Office.

According to Reuters, development of the network of hundreds of spy satellites by SpaceX is being coordinated with multiple contractors to avoid putting too much control of a highly sensitive intelligence program in the hands of one company.

"It is in the government's interest to not be totally invested in one company run by one person," one of the news agency's sources said, most likely referring to SpaceX founder Elon Musk.

Read 11 remaining paragraphs | Comments

Google Fires 28 Employees Who Disrupted Workplaces to Protest Israel Cloud Contract

Chris Rackow, Google’s head of global security, in a company-wide memo published at The Verge, under the clear subject “Serious consequences for disruptive behavior”:

Behavior like this has no place in our workplace and we will not tolerate it. It clearly violates multiple policies that all employees must adhere to — including our Code of Conduct and Policy on Harassment, Discrimination, Retaliation, Standards of Conduct, and Workplace Concerns.

We are a place of business and every Googler is expected to read our policies and apply them to how they conduct themselves and communicate in our workplace. The overwhelming majority of our employees do the right thing. If you’re one of the few who are tempted to think we’re going to overlook conduct that violates our policies, think again. The company takes this extremely seriously, and we will continue to apply our longstanding policies to take action against disruptive behavior — up to and including termination.

It says a lot about how adrift Google was that “We are a place of business” needed to be stated, but better late than never. I can’t believe they let these goofs occupy Google Cloud CEO Thomas Kurian’s office for 8 hours before having them arrested. They look and act like college students doing a sit-in at the dean’s office, not professional employees protesting their CEO. In college you pay to be there — students are the customers, ostensibly. At work they pay you, at will.

 ★ 

Meta Releases New AI Assistant Powered by Llama 3 Model

Alex Heath, reporting for The Verge:

ChatGPT kicked off the AI chatbot race. Meta is determined to win it.

To that end: the Meta AI assistant, introduced last September, is now being integrated into the search box of Instagram, Facebook, WhatsApp, and Messenger. It’s also going to start appearing directly in the main Facebook feed. You can still chat with it in the messaging inboxes of Meta’s apps. And for the first time, it’s now accessible via a standalone website at Meta.ai.

For Meta’s assistant to have any hope of being a real ChatGPT competitor, the underlying model has to be just as good, if not better. That’s why Meta is also announcing Llama 3, the next major version of its foundational open-source model. Meta says that Llama 3 outperforms competing models of its class on key benchmarks and that it’s better across the board at tasks like coding. Two smaller Llama 3 models are being released today, both in the Meta AI assistant and to outside developers, while a much larger, multimodal version is arriving in the coming months.

I keep circling back to the notion that OpenAI has no moat. ChatGPT is certainly the best-known LLM, and perhaps still the best, but I don’t think that’s any more of a long-term competitive advantage than some company in 1986 having “the best C compiler”. What’s needed are ways to bring LLMs to users. To give them purpose, in products. That’s what Meta is doing, by integrating their AI into all of their major products.

 ★ 

Netflix Will Stop Reporting Subscriber Numbers Next Year

Todd Spangler, reporting for Variety:

Netflix will no longer report subscriber numbers — which has been a key metric for streaming services for years — beginning with the first quarter of 2025.

The company made the announcement in releasing its first-quarter 2024 earnings Thursday. Netflix handily topped expectations for subscribers net adds, gaining 9.33 million in the period, to reach nearly 270 million globally. It also beat Wall Street expectations on the top and bottom lines. [...]

Despite the Q1 earnings beat, Netflix shares dropped more than 4.5% in after-hours trading Thursday, possibly as investors reacted negatively to the news that the streamer will stop reporting quarterly sub totals.

In its Q1 letter to shareholders, Netflix said that engagement — time spent with the service — is its “best proxy for customer satisfaction.” As such, it will no longer report quarterly membership numbers or average revenue per member (which it dubs “ARM”), as of Q1 2025. Netflix said it will announce “major subscriber milestones as we cross them” but will cease disclosing quarterly subscriber numbers.

I don’t think investors should be alarmed. This is what companies do when their growth phase is over. Apple used to break down unit sales for its various devices and stopped long ago. Netflix is no longer an up-and-comer — they’re the established leader in streaming, and should be judged accordingly.

 ★ 

Nothing Integrates ChatGPT With Its Wireless Earbuds and Phones

James Pero, writing at Inverse:

Nothing’s audio products — including the newly announced Ear and Ear A — are bringing what the company calls an “industry-first” integration with ChatGPT that allows users who also own a Nothing Phone like the recently released Phone 2a to launch the chatbot with a pinch gesture on their Nothing earbuds.

“By integrating ChatGPT with Nothing earbuds, including the new Nothing Ear and Ear A, and with Nothing OS, we’ve taken our first steps towards change, and there’s more to come,” said Nothing CEO, Carl Pei, in a press release.

Looks like it’s time for the DOJ to file another lawsuit against Apple for offering tight integration between its phones and peripherals.

 ★ 

Friday assorted links

1. Andrej Karpathy on Llama 3.

2. The PEN awards are on the brink of collapse.

3. These were my fiscal, political and other predictions from 2010.

4. AI is being integrated into social media — now.  Social media will change.

5. New Yorker Music critic Alex Ross cites Fischer Black on noise.

6. How to make grid data centers affordable.

7. Exposure to poor people reduces support for redistribution among the [Danish] rich.  Paper here.

8. Lyman Stone responds to Devin Pope.

9. Daniel Dennett, RIP.

The post Friday assorted links appeared first on Marginal REVOLUTION.

       

Comments

 

NASA may alter Artemis III to have Starship and Orion dock in low-Earth orbit

This image taken by NASA's Orion spacecraft shows its view just before the vehicle flew behind the Moon in 2022.

Enlarge / This image taken by NASA's Orion spacecraft shows its view just before the vehicle flew behind the Moon in 2022. (credit: NASA)

Although NASA is unlikely to speak about it publicly any time soon, the space agency is privately considering modifications to its Artemis plan to land astronauts on the surface of the Moon later this decade.

Multiple sources have confirmed that NASA is studying alternatives to the planned Artemis III landing of two astronauts on the Moon, nominally scheduled for September 2026, due to concerns about hardware readiness and mission complexity.

Under one of the options, astronauts would launch into low-Earth orbit inside an Orion spacecraft and rendezvous there with a Starship vehicle, separately launched by SpaceX. During this mission, similar to Apollo 9, a precursor to the Apollo 11 lunar landing, the crew would validate the ability of Orion and Starship to dock and test habitability inside Starship. The crew would then return to Earth. In another option NASA is considering, a crew would launch in Orion and fly to a small space station near the Moon, the Lunar Gateway, and then return to Earth.

Read 15 remaining paragraphs | Comments

The Best Simple USB-C Microphone: Audio-Technica’s ATR2100x-USB

Joe Fabisevich asked a common question on Threads:

What’s the go to simple USB-C podcast mic that sounds good, but doesn’t have to be top of the line or super expensive? Think more “I need to sound professional on a podcast or two”, not “I make my money by recording podcasts.”

My answer: Audio-Technica’s ATR2100×-USB. It costs just $50 at Amazon. (That’s an affiliate link that will make me rich if you buy through it.) Spend an extra $4 and get a foam windscreen cap. I mean just look at it — it literally looks like the microphone emoji: 🎤. You can just plug it into a USB-C port and it sounds great. No need for an XLR interface, but it does support XLR if you ever have the need.

My main podcasting microphone remains the $260 Shure BETA 87A Supercardioid Condenser, which I connect to a $180 SSL 2 audio interface. But that stays in my podcast cave in the basement. I keep the ATR2100× in my carry-on suitcase, so it’s with me whenever I’m away from home. My Dithering co-host Ben Thompson uses the same ATR2100× when he’s away from home, too. It’s a great simple mic and a fantastic value at just $50.

 ★ 

Google Reorg Puts Android, Chrome, Photos and More Under Leadership of Devices Team

David Pierce, writing for The Verge:

Google CEO Sundar Pichai announced substantial internal reorganizations on Thursday, including the creation of a new team called “Platforms and Devices” that will oversee all of Google’s Pixel products, all of Android, Chrome, ChromeOS, Photos, and more. The team will be run by Rick Osterloh, who was previously the SVP of devices and services, overseeing all of Google’s hardware efforts. Hiroshi Lockheimer, the longtime head of Android, Chrome, and ChromeOS, will be taking on other projects inside of Google and Alphabet.

This is a huge change for Google, and it likely won’t be the last one. There’s only one reason for all of it, Osterloh says: AI. “This is not a secret, right?” he says. Consolidating teams “helps us to be able to do full-stack innovation when that’s necessary,” Osterloh says.

I’m sure this is about AI, but I think it’s also about getting the company’s shit together and forming a cohesive strategy for integration with their consumer devices. Lost amid the schadenfreude surrounding the near-universal panning Humane’s AI Pin is the question of, well, what are the device form factors we need for AI-driven features? I would argue, strenuously, that the phone is the natural AI device. It already has: always-on networking, cameras, a screen, microphones, and speakers. Everyone owns one and almost everyone takes theirs with them almost everywhere they go.

Putting all of Android under a new division led by the guy in charge of Pixel devices since 2016 says to me that Google sees AI not primarily as a way to make Android better, in general, but to make Pixel devices better, specifically. Best-of-class AI, only on Pixels, could be the sort of differentiation that actually results in Pixels gaining traction.

 ★ 

Elizabeth Warren, Still Using Twitter/X: ‘It’s Time to Break Up Apple’s Smartphone Monopoly’

Senator Elizabeth Warren seemingly thinks Apple ought to be forced to operate iMessage as a public utility, free of charge. Or something? She doesn’t actually say what she thinks should happen. Is she suggesting Apple be forced to spin off “iMessage” as a separate company? If not, what is she advocating “breaking up”?

 ★ 

Q1 GDP Tracking: Movin' on Up

From BofA:
Since our update last week, 1Q GDP tracking is up two-tenths to 2.1% q/q saar. [Apr 19th estimate]
emphasis added
From Goldman:
We left our Q1 GDP forecast unchanged at +3.1% (qoq ar) and our domestic final sales forecast also unchanged at +3.1% (qoq ar). [Apr 18th estimate]
And from the Altanta Fed: GDPNow
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.9 percent on April 16, up from 2.8 percent on April 15. [April 16th estimate]

No One Is Above The Law

Today’s Morning Memo prompted some reader reflections:

TPM Reader DD:

Your piece today about the civic internalization about the rule of law (and even thought about people we’ve placed outside the law – though I think I might describe at least some of those instances more as we’ve placed them outside of or below personhood and justified the laws that we’ve made that way) made me think of how and when I might have internalized the idea that not only is no-one above the law, but that no one is below the law either.

I keep going back to this exchange in A Man For All Seasons:

Roper: So now you’d give the Devil the benefit of law?

More: Yes! What would you do? Cut a great road through the law to get after the Devil?

Roper: Yes! I cut down every law in England to do that!

More: Oh, and when the last law was down, and the devil turned round on you, where would you hide, Roper, the laws all being flat? This country is planted thick with laws from coast to coast, man’s laws, not God’s, and if you cut them down, and you’re just the man to do it, do you really think you could stand upright in the winds that would blow then? Yes, I’d give the Devil benefit of law for my own safety’s sake.

TPM Reader MM:

In eighth grade, which was the middle year of what was then called ‘junior high school,’ I had a terrific teacher for what was called “World Cultures I” (a name to suit the times, I suppose; it was essentially a history course). …

One day – long ago I forget what the formal lesson of that class had been – [he] turned to the class from the blackboard (upon which one wrote with chalk!) and said, “And no one is above the law.”

That was the first time I’d ever heard that said. It made a sufficient impression on me to be etched in memory through the intervening decades. I’ve heard it said and read it uncountable times since then, but for whatever reason it nearly brought a tear of remembrance to my eyes to read it in today’s Morning Memo.

Links 4/18/24

Links for you. Science:

Is the Atlantic Overturning Circulation Approaching a Tipping Point?
Avian flu virus detected in South Dakota dairy herd
Susceptibility to Norovirus Might Depend on Blood Type
One herbarium’s thorny future: Duke to close century-old ‘gem’ of biodiversity research
Scientists Discover Hundreds of Unique Species in Africa’s Newest Ecoregion
A university cut tenured faculty’s pay. They’re suing

Other:

Crying Myself to Sleep on the Biggest Cruise Ship Ever (gift link; fun, in a dark way)
An Honest Assessment of Rural White Resentment Is Long Overdue (I would argue it’s the self-destructiveness of that resentment that’s the key issue)
Assorted Thoughts on the Chemerinsky Incident
Why No Labels Didn’t Stick: Its dream candidate was right in front of its face the whole time. (good, but ignores the reality that it was an extortion attempt by wealthy sort-of Democrats and a scam by others)
Biden Wipes Out Another $7.4 Billion in Student Loan Debt (remember: Trump could have done this. He and those around chose not to do so)
Trump Asks Advisers for ‘Battle Plans’ to ‘Attack Mexico’ if Reelected
Bankruptcy documents detail how GOP NC governor nominee Mark Robinson failed to file federal income taxes for 5 years: Mark Robinson claims Democrats have caused the “death” of “responsibility.”
Student dinner at UC Berkeley law professor’s house disrupted by pro-Palestine protester (as a post above notes, it’s not the dinner disruption that’s the big deal, it’s the antisemitic poster preceding it that was vile)
How did so many Americans’ retirement money end up in Bermuda?
Employees at D.C.’s Crime Lab Blew the Whistle to an Advisory Board. Lab Leaders Ousted All Its Members.
Battling Under a Canopy of Drones
There Is No More Middle Ground on Abortion
It’s Impossible to Be An Artist
The Infinite Dignity of Transgender Existence
Could two red states keep Joe Biden off the ballot?
The White House Goes to the Supreme Court to Help the Homeless (Trump wouldn’t do this)
Trump has just hung an albatross around his neck – abortion
The Dumbphone Boom Is Real
Latest “masculinity influencer”: Another dudebro guiding followers into deeper loneliness
Saying What Can’t Be Said: Israel Has Been Defeated – a Total Defeat
Where the Right Is Going on Abortion
Circulator bus service could end by March 2025, officials say. The cut comes after the mayor unveiled her proposed budget for the next fiscal year, which included slashes to several programs.
What if Putin Doesn’t Want Peace?
The Next Phase of Electricity Decarbonization? Planned Power Capacity is Nearly All Zero-Carbon
The Political Effects Of Policy Stem From Vibes, Too
Noah Feldman: ‘Many Jewish Families Will Prefer Not to Talk About Israel This Passover’

Is A Republic Possible?

I hope you get a chance to read Josh Kovensky’s trial report from yesterday. He gets at a really good point which is that Trump’s attack on the very concept of the jury system is of a piece with the central conceit of Trumpism — that civic space, the idea that work on behalf of the republic which is not strictly a partisan exercise, is an impossibility. That is narrowly advantageous for Trump since he’s on trial and wants to discredit the process that could put him behind bars. But it’s not a momentary opportunism. It’s a premise, an attack on small-r republican government, which is at the center of his movement.

Is It the Simplest Explanation?

I’ve been having an ongoing exchange with a TPM Reader and friend about the simple question: Why is Mike Johnson doing this? Like YOLO Johnson, sure. But why? He’s been kind of dragging along for six months and yeah, it’s kind of embarrassing, but it’s always been embarrassing. Why the “Let’s Be Legends” vibe now?

My friend asked if I thought it might be some sudden shift in the intelligence about the situation in Ukraine. Maybe, I said. But that didn’t seem right to me. Far more likely it was that the parliamentary dynamics simply hit a breaking point, perhaps spurred on by the sudden pressure to move Israel aid. If you’ve got one foot on the dock and another on the ship and the ship starts to pull off you have to make a choice. Stay or go. Equivocate and you fall in the water.

But this article from Politico suggests that new intelligence actually did play a key role.

Speaker Mike Johnson’s sudden bid to deliver aid to Ukraine came days after fresh intelligence described the U.S. ally at a true make-or-break moment in its war with Russia.

It was exactly the kind of dire assessment that President Joe Biden and the White House had spent months privately warning Johnson was inevitable.

I don’t think we should take this entirely at face value. There are many reasons why this is simply a better story, for Johnson, for the White House. It just feels better at some level: the cavalry coming over the far hilltop at just the clutch moment. But being a better story doesn’t mean it’s not, at least partially, the real story. And as we’ve noted, we’ve been at something of a loss for a satisfying or even convincing explanation of just why this is happening. So I get the sense that, while the parliamentary politics did reach a critical stage along with the sudden focus on Israel aid, this was a key and perhaps the key driver.

[RODEN] Smelting in the New York Times

Roden Readers — It may not feel like it, and I may not be sticking to the schedule, but in theory this is a monthly newsletter. It is I, Craig Mod, writing from a near constant state of frazzle and delight that has been this year. The cherry blossoms have come and gone for most of central and southern Japan, and now those cherry trees are back to their most-of-the-time totally unremarkable, goofball greenness.

Pub Trivia

Bonus question: Where is London located? (a) The British Isles (b) Great Britain and Northern Ireland (c) The UK (d) Europe (or 'the EU') (e) Greater London

We are a place of business

After the disastrous launch of their Gemini AI, which insisted that George Washington was actually Black and couldn't decide whether Musk's tweets or Hitler was worse, Google's response was timid and weak. This was just a bug! A problem with QA! It absolutely, positively wasn't a reflection of corrupted culture at Google, which now appeared to put ideology over accuracy. Really, really!

Anyone watching that shit show would be right to wonder whether one of America's great technology companies had fallen completely into the hands of the new theocracy. I certainly did. 

But now comes evidence that Google perhaps isn't totally lost, even if an internal war over its origin principles is very much raging. One pitting the mission of organizing the world's information and making it useful against the newspeak Trust & Safety goal of controlling narratives and countering malinformation (i.e. inconvenient truths).

This played out in stereotype as 28 Googlers occupied the CEO of Google Cloud's office for 10 hours this week, defaced property, and prevented other Googlers from doing their work. Because Google provides cloud services to Israel, said the occupiers. And thus The Current Thing demanded it be stopped by whatever means possible. (Remember when The Current Thing was that GitHub shouldn't offer its technology to ICE because "kids in cages"? Same thing).

But then the most amazing thing happened. There was no drawn-out investigation. No saccharine statements about employee's rights to occupy offices, preventing work from happening, or advance their political agenda at work. Nope. They were just fired. Immediately. All 28 of them.

Bravo.

Google's bottom line? "This is a place of business". And while employees have the lawful right to protest their working conditions, they do not have the right to prevent a business from carrying out its normal course of commerce over a disagreement in politics. So that was that.

But it gets better. Google followed up the unceremonious firings by calling an end to employees bringing their politics to the office. Just like Coinbase did, just like we did. The language was spot on:

"But ultimately we are a workplace and our policies and expectations are clear: this is a business, and not a place to act in a way that disrupts coworkers or makes them feel unsafe, to attempt to use the company as a personal platform, or to fight over disruptive issues or debate politics. This is too important a moment as a company for us to be distracted."

Three years ago, taking a common-sense position like this would have been met with drama and outage in the media and on Twitter. Today I doubt it'll bring more than a ripple outside of a few activist echo chambers on Mastodon. Amazing progress!

Note, none of this pertains to what you think about The Current Thing that provided the trigger this time. It could just as well had been BLM, Russiagate, climate change, or a million other hot-button topics that have occupied the role as The Current Thing, and been used to justify these kinds of insufferable activists yelling at their boss.

We've not just passed the peak of the nonsense that nearly swallowed corporate America whole, but we're now seeing them repudiate it head on. If Google, with it's employment roster still packed with people sympathetic to the new theocracy, can put its foot down, so can the rest of the Fortune 500 and beyond. It's time they all say: "This is a place of business".

Sports and celebrity (salary and income)

 Basketball superstar Caitlin Clark recently went pro for a salary of $76,535.  What's going on?  The LA Times has the story of rags and riches...

Caitlin Clark is worth millions. Why will she only make $76,535 in base salary as a WNBA rookie?  By Chuck Schilken

"Clark, the Iowa phenomenon who set the NCAA career basketball scoring record and helped the women’s March Madness tournament reach all-time highs in TV ratings, was the No. 1 overall pick for the Indiana Fever in Monday’s WNBA draft.

"Her jersey sales are already through the roof. The league scheduled the Fever for 36 nationally televised games, more than any other team this season, several days before Clark officially became a member of the team. Likewise, tickets for opposing teams’ home games against Indiana saw a spike in interest (and price) long before draft night.

Clark will make $76,535 in base salary this year as a WNBA rookie, part of a four-year contract worth $338,056.

...

"Those salaries are the maximum allowed for rookies, as laid out in the most recent collective bargaining agreement between the WNBA and its players association

...

"As the WNBA pointed out in a statement emailed to The Times on Tuesday night, however, Clark will have the opportunity to make more money on top of her base salary.

Caitlin Clark stands to make a half million dollars or more in WNBA earnings this coming season,” the statement read, “in addition to what she will receive through endorsements and other partnerships, which has been reported to already exceed $3 million.

...

"In addition to the individual endorsement deals she has already secured, Clark will undoubtedly will have a stream of other lucrative opportunities come her way. BIG3 co-founder Ice Cube has offered Clark $5 million to become the first female player in his three-on-three basketball league.

"Still, it might come as a bit of a shock to learn how relatively little Clark and other star WNBA rookies will make in base salary, especially compared with their counterparts in other leagues. Like Clark, Victor Wembanyama was seen as a generational talent when he was selected No. 1 overall by the San Antonio Spurs in the 2023 draft. His four-year rookie contract is worth $55.2 million."

##########

Update:

 How Nike Won the Battle for Caitlin Clark  By Rachel Bachman, WSJ, April 19, 2024

"When it came to Clark, Nike looked even further into the future. The duration of the proposed contract, eight years, suggests that the brand sees not only long-term stardom potential, but truly global appeal. The next eight years, Nike executives reasoned, would give Clark a chance to represent the U.S. at three Olympic Games—this summer in Paris, 2028 in Los Angeles, and 2032 in Brisbane, Australia. (The U.S. roster for Paris won’t be announced until June or July.)

"Nike’s initial offer of $3.5 million a year, though an eye-popping number, didn’t initially come with a signature shoe. One possibility floated was that Clark would instead become the female face of the Kobe Bryant line, which relaunched in August 2023 to great fanfare.

"In its final offer to Clark, however, Nike upped its offer to include a signature shoe. That would give her the most lucrative and attractive shoe deal in women’s basketball—and yet another record for her collection."

Gap Week: April 19, 2024 (Manor Lords First Impression)

Hey folks, this week is a bit of a gap week as I am heading out to the annual meeting of the Society for Military History (and, indeed, by the time you read this, I will be there). Normally, I post the abstract of my conference talk for these sorts of things, but since I am moderating a roundtable, I don’t have an abstract or paper to share.

I should add the game, while still very much early access, is already very pretty. The large walled structure in the center is my modular little wooden castle.

However, I have been able to play the upcoming medieval city-builder-strategy hybrid Manor Lords as they let me have a review-code, so I thought I might share some of my quick first impressions of that. We are in that magic window where the embargo on impressions is lifted, but before the embargo on reviews, so I can tell you about my experience playing the game, but I cannot yet answer if it is worth buying or good or not or that kind of thing. Also, I should note that the build I am playing is a pre-release build of a game that is releasing into early access later this month, so this is the pre-pre-release build. Large parts of it are unfinished, because that’s how early access works.

What I can say is that Manor Lords has an interesting angle on the medieval town and the city-builder genre. Like Farthest Frontier (the main competition in this space) there is a lot of Banished DNA in the game, but neither game is a Banished-clone. Both of them push off in different directions. If I had to simplify, I’d say that Farthest Frontier is about building a medieval town – an urban center with a civic government mostly notable for its economic production – whereas Manor Lords is, as the title implies, about building a castle-town, a settlement nucleated around the private house (the manor) of a military aristocrat (the lord) who owns the land and which can be primarily understood as a settlement primarily military in character.

You can see the pull those two different focuses have on mechanics. Both games have seasons and crop rotation, but Farthest Frontier‘s system is rather more complex. Manor Lord‘s agricultural system isn’t bad – you can already do two-field rotation systems and given that they let you schedule out three seasons per field, I have to imagine the addition of legumes to enable the classic medieval European three-field rotation (cereals then legumes then fallow; repeat) is coming. But it isn’t as much a focus. By contrast, both games have military aspects, but here Manor Lords already has much more development, allowing fairly fine command of your forces in battle and including a distinction between levies villagers and professional retinue troops. It’s focused on small-scale warfare – appropriate for the medieval-inspired setting – with Total War-esque mechanics.

The modeling of the game’s economy is also quite interesting. As with many city builders, there are some big simplifying assumptions here. Rather than, say, dozens of households managing their own production and consumption, the player (as the Lord – and the game is very explicit that you are playing as the landholding noble here, you can even walk around town in third-person close-up) assigns folks to their jobs and all resources go into a common store. That does make for some economic simplification, as you aren’t dealing with individual seigneurial contracts with individual households, though there is a system in place for a portion of your village’s wealth to be converted into money-resources, presumably representing dues owed the lord.

What is really neat is that you don’t assign individual workers to jobs, you assign families. And that’s actually a really interesting idea that opens up a lot of neat design space. As moderns, we often think about individuals as the basic unit of labor in a society, but as we’ve discussed before, in pre-modern societies, the household, generally but not always built around a nuclear family, was instead the basic economic unit, with labor roles in the household often (but not always) gendered. Different households might have different economic roles in the community and those roles were ‘sticky,’ with expectations that a given family did certain things, often replicated through systems of apprenticeships and so on. For production where the end product is supposed to be distributed to people, these families in game will set up little stalls in your central market where other families can acquire the goods. Interestingly, leather and textile goods are sold as raw fabric (‘leather’ ‘linen’ ‘yarn’) rather than finished clothes and I wonder if this is meant to imply household production on gendered lines.

Right now, this mechanic isn’t super-developed, but the organization of the game into households rather than individuals opens up a lot of interesting space. Liability for military service abroad, obviously an interesting factor for a game like this, was often based on households rather than individuals, which obviously would have very different impacts on a family with four sons than a family with only daughters! Likewise, households were not always efficiently sized as units of labor for their economic role, either with too many or too few members, something the game could easily represent. That said, as it stands now, all families are of a standard size (three individuals). The game doesn’t yet fully utilize this design-space, but I really hope they do, confronting the player with all sorts of awkward family units and interrelationships as development progresses.

The other exciting element of production here is household production. When freshly built, houses are just houses and the player could, if their goal was to maximize population over space, keep them that way, packing them in relatively small lots. But you can also give the housing lots (‘burgage plots’ because they’re renting from you, the lord) more space, which can be used for various kinds of household production, like small-scale horticulture and animal rearing (to give you more food variety), but also artisan production. So instead of having some purpose-built ‘blacksmith’ somewhere in town, you have the blacksmith’s house, which has his forge as part of the building, which is of course very frequently how small-scale production would indeed be organized. I rather hope as the game develops, the player increasingly has a choice between household production at a relatively small scale and larger centralized production. Do you want, for instance, a single household tailor in town, or a larger-scale tailoring workshop with a single master and dozens of hired laborers engaging in a lot more production. For right now, I think the only production that crosses over is baking (either a communal bakery or a household baker) and, somewhat oddly, it is the household baker that is more efficient.

Of course the other neat thing about the structure of these burgage plots is how they look, with the main structure sitting on a lot with a small open space (which you can, at the cost of some resources, turn over to these household production sites) and a fence around it. For a game focused on villages and castle towns, which is to say about more rural settlements than Farthest Frontier (where your village rapidly becomes first a town and then a city), this really captures better what the houses in a manor’s village or a castle’s town might look like, often multi-purpose structures which combined housing with storage (barns, etc.) and production.

Farms! In the rain, as the snow slowly melts at the end of winter. The main town is on the next hill in the distance.

The game is also interested in livestock as a form of agricultural capital in a few interesting ways, though again a lot of these features are, at this point, quite skeletal. Horses, sheep and oxen are all livestock you can get (but they have to be acquired). Sheep obviously produce wool, but there is also an option on the ‘tech tree’ to be able to pasture them in your fallow fields to improve fertility, a factor in agriculture we’ve discussed before. One wonders if we’ll see human waste availability also become a favor in the game (as it is in Farthest Frontier), since human waste was often one of the things which might ‘belong’ to the lord in these sorts of arrangements. Oxen move certain heavy goods around (mostly timber) and there’s an option to upgrade farms with plow-teams, which would have been a very important bit of agricultural capital, likely under the lord’s control.

Of course since the game is interested in warfare, all of these economic elements in turn make for tempting targets of attack. Local bandit camps, right now, if not engaged, will steal small bits of your agricultural production, but there’s a lot of groundwork here for a more complex diplomatic and military system, engaging not just with bandits but with ‘peer’ aristocrats. Often the way these fellows competed in the small-scale warfare the game is clearly focused on was through raiding agricultural resources. The fact that the game is actively tracking livestock makes me hope for cattle-rustling as something that, say, a squad of mounted nobles might do to inflict damage on an opposing lord (using their speed to get in, wreck stuff and get out before the opponent’s larger militia could be mobilized). Likewise, your personal manor comes with modular (but still at this point, very basic) castle-design tools and I hope we see a lot of development on fortifications, with the player being strongly incentivized to move anything really valuable inside at least basic defenses to avoid being counter-raided in exactly the same way.

To summarize then, this is a game still in its early days (as implied by ‘early access,’ but I do want to stress this is an early early access build, many promised features are not yet implemented) but it fits into a trend I’ve noticed where the medieval or medieval-inspired-fantasy space is where the innovation is right now with city-builders (while ancient-oriented games stagnate, alas!). I’m really quite excited to see this innovation and the neat hybrid games they are producing, as developers seem to be iterating on what a historical city-builder (or castle-town-builder!) can be and how it can work.

NMHC: "Apartment Market Continues to Loosen"

Today, in the CalculatedRisk Real Estate Newsletter: NMHC: "Apartment Market Continues to Loosen"

Excerpt:
From the NMHC: Apartment Market Continues to Loosen Amidst Worsening Financing Conditions
Apartment market conditions continued to weaken in the National Multifamily Housing Council’s (NMHC’s) Quarterly Survey of Apartment Market Conditions for April 2024. With the exception of Sales Volume (52), which turned positive this quarter, the Market Tightness (41), Equity Financing (49), and Debt Financing (44) indexes all came in below the breakeven level (50).
...
"[T]he U.S. apartment market continues to absorb historic levels of new supply, resulting in rising vacancy rates and decreasing rent growth.
...
NMHC Apartment Indx
The Market Tightness Index came in at 41 this quarter – below the breakeven level (50) – indicating looser market conditions for the seventh consecutive quarter. That said, a plurality of respondents (42%) thought market conditions were unchanged compared to three months ago, while 37% thought markets have become looser. Twenty percent of respondents reported tighter markets than three months ago, up from 5% in January.
The quarterly index increased to 41 in April from 23 in January. Any reading below 50 indicates looser conditions from the previous quarter.

This index has been an excellent leading indicator for rents and vacancy rates, and this suggests higher vacancy rates and a further weakness in asking rents. This is the seventh consecutive quarter with looser conditions than the previous quarter.
There is much more in the article.

Why a Housing Shortage Exists Despite More Houses Per Person

When I post about the skyrocketing price of housing and the need to build, commentators (include some of the most astute commentators on MR), will sometimes object by pointing to the increasing and historically high number of houses per capita. They question how this aligns with rising prices and wave vaguely towards factors like monopoly pricing, hedge funds, Airbnb, vacancies and so forth, implying that more construction isn’t the solution. The real explanation for rising prices amid greater homes per capita is actually quite simple, fewer kids. Kevin Erdmann has an excellent post on this going through the numbers in detail. I will illustrate with a stylized example.

Suppose we have 100 homes and 100 families, each with 2 parents and 2 kids. Thus, there are 100 homes, 400 people and 0.25 homes per capita.  Now the kids grow up, get married, and want homes of their own but they have fewer kids of their own, none for simplicity. Imagine that supply increases substantially, say to 150 homes. The number of homes per capita goes up to 150/400 (.375), an all time high! Supply-side skeptics are right about the numbers, wrong about the meaning. The reality is that the demand for homes has increased to 200 but supply has increased to just 150 leading to soaring prices.

Now what do we do about this? One response is to blame people’s choices–immigrants are buying all the houses, hedge funds are buying all the houses, tourists are renting all the houses, everyone should want less and conserve more! Going down this path will tear the country apart. The other response is the American way, in the words of Bryan Caplan’s excellent new book, build, baby, build!

Here’s Kevin:

We are already 15 years into a cultural and economic battle that is so important, it turned the direction of adults per house upward for, likely, the first time since the start of the industrial revolution. Fifteen years in, by that measure, we have reversed economic progress by nearly 40 years. There is so much ground we have to make up. And, also, the reactionary position will have to continue to dig deeper and get worse – rounding up immigrants, blaming the homeless, stoking fear and distrust of financial institutions. I’m sorry if I’m sounding too shrill. It all happens in slow motion around us, so we adapt to the new normal. But the tent encampments in all the urban parks are a long way from what should be considered normal. We are already deeply into a cultural battle. And you can see that it is a cultural battle, because it is difficult to simply establish a plurality of support to admit obvious things.

If this continues, it will destroy the fabric of mutual trust that has managed to miraculously hold this country together for 250 years. The challenge is to open the eyes of enough victims of these policy choices that 50%+1 of the country can address it on the empirical level rather than the aesthetic level, and to stop this devolution before it gets worse.

Hat tip: Naveen.

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Other Attempts to Take Over Open Source Projects

After the XZ Utils discovery, people have been examining other open-source projects. Surprising no one, the incident is not unique:

The OpenJS Foundation Cross Project Council received a suspicious series of emails with similar messages, bearing different names and overlapping GitHub-associated emails. These emails implored OpenJS to take action to update one of its popular JavaScript projects to “address any critical vulnerabilities,” yet cited no specifics. The email author(s) wanted OpenJS to designate them as a new maintainer of the project despite having little prior involvement. This approach bears strong resemblance to the manner in which “Jia Tan” positioned themselves in the XZ/liblzma backdoor.

[…]

The OpenJS team also recognized a similar suspicious pattern in two other popular JavaScript projects not hosted by its Foundation, and immediately flagged the potential security concerns to respective OpenJS leaders, and the Cybersecurity and Infrastructure Security Agency (CISA) within the United States Department of Homeland Security (DHS).

The article includes a list of suspicious patterns, and another list of security best practices.

The enchanted vision

Love is much more than a mere emotion or moral ideal. It imbues the world itself and we should learn to move with its power

- by Mark Vernon

Read at Aeon

All the pieces are in place for the first crew flight of Boeing’s Starliner

Technicians inside United Launch Alliance's Vertical Integration Facility connect Boeing's Starliner spacecraft to the top of its Atlas V rocket Tuesday.

Enlarge / Technicians inside United Launch Alliance's Vertical Integration Facility connect Boeing's Starliner spacecraft to the top of its Atlas V rocket Tuesday. (credit: United Launch Alliance)

Ground teams on Florida's Space Coast hoisted Boeing's Starliner spacecraft atop its United Launch Alliance Atlas V rocket this week, putting all the pieces in place for liftoff next month with two veteran NASA astronauts on a test flight to the International Space Station.

This will be the first time astronauts fly on Boeing's Starliner crew capsule, following two test flights without crew members in 2019 and 2022. The Starliner Crew Flight Test (CFT) next month will wrap up a decade and a half of development and, if all goes well, will pave the way for operational Starliner missions to ferry crews to and from the space station.

Starliner is running years behind schedule and over budget. SpaceX's Crew Dragon spacecraft has flown all of NASA's crew rotation missions to the station since its first astronaut flight in 2020. But NASA wants to get Boeing's spacecraft up and running to have a backup to SpaceX. It would then alternate between Starliner and Crew Dragon for six-month expeditions to the station beginning next year.

Read 19 remaining paragraphs | Comments

What I am nostalgic about

With a group of friends I was having a chat about the merits of the current vs. past America.  Battle of the Ancients and Moderns!  I generally favor current times, but not unconditionally.  So I promised them a list of what I missed from the past.  To be clear, these are personal judgments, not claims about net social value.  I’ll also offer comments on features from the past that many miss, but I do not.  Here goes:

1. Visiting Borders in its heyday.  Nowadays I have to go to London to have comparable experiences.

2. That you could just show up at various venues, pay modest prices, and see incredible performers.  For instance I saw Horowitz and also McCartney at his peak.  Leo Kottke at his peak.  Pierre Boulez.  Many more.  Such experiences are hardly gone, but in terms of cultural resonance the earlier times were much better.  How did I fail to go see Miles Davis!?

Similarly, you could just go see Milton Friedman, Kenneth Arrow, Derek Parfit, and many other famous figures.  No current economist or philosopher is comparable in this regard.

2b. Note that in some areas, such as NBA basketball, there are more “must see” players today than in any earlier era.  Or say tech titans.  So I am not favoring the nostalgic perspective per se, but for music, economics, and philosophy the nostalgic perspective on live performance is correct.

3. There were more and better museum art exhibits to see before 9/11.  Much of that has to do with insurance rates and the ease of international agreements.

4. Good seafood was cheap and readily available.

5. Reading the Far Eastern Economic Review in its heyday.

6. Awaiting the arrival of a new issue of the Journal of Political Economy, knowing it would have exciting new ideas.

7. Many, many locations were better to travel to and visit.  Amsterdam is one obvious example.  But by no means is this true for all places, India for instance is better to visit today than before.

8. Hollywood movies used to be better, though global cinema overall is doing fine.

9. Very recently there are too many parts of the world you really just can’t visit, Iran and Russia most notably.

10. Mainstream media was much better, noting I nonetheless would rather have the internet.  Still, I miss the quality of cultural reviews, local news, and several other features of normal newspapers.

11. San Francisco of the 1980s and Miami Beach of the 1990s.

12. So many intellectuals could afford to live in New York City, and indeed Manhattan.  The city was overall more interesting, though worse to live in or to have to deal with.

13. Parking was much easier, even in Manhattan.  I used to just get parking spots, even in the Village or Midtown.  Now I would never bother to look.

14. The emphasis on personal freedom in American popular culture of the 1970s and 1980s.

15. Paperback editions of the classics were so often far superior in earlier times.  Nowadays most of them look and feel like crap.

A few things I have no nostalgia for:

1. I feel America today is overall a higher-trust society, admittedly with the picture being somewhat complex.  American cities certainly are much safer, and most of them look much better.

2. I prefer current airport procedures to those before 9/11.

3. Young people are overall smarter, and arguably more moral.

4. Just seeing white (and sometimes black) people everywhere, except a few cities on the coasts.

5. The seafood issue aside, food in America is obviously much much better.

6. I can’t think of anything in the category of “how people interacted with each other” that I preferred in earlier times.

7. I don’t miss having more snow, quite the contrary.

8. Medical and dental care are far superior, obviously.

What else should be on these lists?

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Response from Devin Pope, on religious attendance

All of this is from Devin Pope, in response to Lyman Stone (and myself).  Here was my original post on the paper, concerning the degree of religious attendance.  I won’t double indent, but here is Devin and Devin alone:

“I’m super grateful for Lyman’s willingness to engage with my recent research on measuring religious worship attendance using cellphone data. Lyman and I have been able to go back and forth a bit on Twitter/X, but I thought it might be useful to send a review of this to you Tyler.

For starters, I appreciate that Lyman and I agree on a lot of stuff about the paper. He has been very kind by sharing that he agrees that many parts of my paper are interesting and “very cool work”. Where we disagree is about whether the cellphone data can provide a useful estimate for population-wide estimates of worship attendance. Specifically, Lyman’s concerns are that due to people leaving their cellphones at home when they go to church and due to questionable cellphone coverage that might exist within church buildings, the results could be super biased. He sums up his critiques well with the following: “Exactly how big these effects are is anyone’s guess. But I really think you should consider just saying, `This isn’t a valid way of estimating aggregate religious behavior. But it’s a great way to look at some unique patterns of behavior among the religious!’ Don’t make a bold claim with a bunch of caveats, just make the claim you actually have really great data for!” This a very reasonable critique and I’m grateful for him making it.

My first response to Lyman’s concerns is: we agree! I try to be super careful in how the paper is written to discuss these exact concerns that Lyman raises. Even the last line of the abstract indicates, “While cellphone data has limitations, this paper provides a unique way of understanding worship attendance and its correlates.”

Here is where we differ though… To my knowledge, there have been just 2 approaches used to estimate the number of Americans who go to worship services weekly (say, 75% of the time): Surveys that ask people “do you go to religious services weekly?” and my paper using cell phone data. It is a very hard question to answer. Time-use surveys, counting cars in parking lots, and other methods don’t allow for estimating the number of people who are frequent religious attenders because of their repeated cross-sectional designs.

There are definitely limitations with the cellphone data (I’ve had about 100 people tell me that I’m not doing a good job tracking Orthodox Jews!). I know that these issues exist. But survey data has its own issues. Social desirability bias and other issues could lead to widely incorrect estimates of the number of people who frequently attend services (and surveys are going to have a hard time sampling Orthodox Jews too!). Given the difficulty of measuring some of these questions, I think that a new method – even with limitations – is useful.

At the end of the day, one has to think hard about the degree of bias of various methods and think about how much weight to put on each. The degree of bias is also where Lyman and I disagree. In my paper, I document that the cell phone data do not do a great job of predicting the number of people who go to NBA basketball games and the number of people who go to AMC theaters. I both undercount overall attendance and don’t predict differences across NBA stadiums well at all.

The reason why Lyman is able to complain about those results so vociferously is because I’m trying to be super honest and include those results in the paper! And I don’t try to hide them. On page 2 of the paper I note: “Not all data checks are perfect. For example, I undercount the number of people who go to an AMC theater or attend NBA basketball games and provide a discussion of these mispredictions.”

There are many other data checks that look really quite good. For example, here is a Table from the paper that compares cellphone visits as predicted by the cellphone data with actual visits using data from various companies:

 

The cellphone predictions in the above table tend to do a decent job predicting many population-wide estimates of attendance to a variety of locations. The one large miss is AMC theaters where we undercount attendance by 30%. Now about half of that undercount is because the data are missing a chunk of AMC theaters (this is not due to a cellphone pinging issue, but due to a data construction issue). But even if one were to make that correction, we undercount theater attendance by 15%.

Lyman argues that one should be especially worried about undercounting worship attendance due to people leaving their phones at home. I agree that this is a huge concern that is specific to religious worship and doesn’t apply in the same way for trips to Walmart. I run and report results from a Prolific Survey (N=5k) that finds that 87% of people who attend worship regularly indicate that they “always” or “almost always” take their phone to services with them. So definitely some people are leaving their phones at home, but this survey can help guide our thinking about how large that bias might be. Are Prolific participants representative of the US as a whole? Certainly not. There is additional bias that one should think about in that regard.

Overall, my view is that estimating population-wide estimates for how many people attend religious services weekly is super hard and cellphone data has limitations. My view is that other methods (surveys) also have substantial limitations. I do not think the cellphone data limitations are as large as Lyman thinks they are and stand by the last line of the abstract that once again states, “While cellphone data has limitations, this paper provides a unique way of understanding worship attendance and its correlates.”

All of that was Devin Pope!

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Five things to be optimistic about in America today

Recently I’ve been writing some fairly gloomy stuff, mostly related to war and international affairs. But even though I’ve been focusing on scary happenings overseas, I’m still very optimistic about the domestic situation here in the United States. So I thought I’d make a little list of trends that we should be happy about.

First, the big picture. 2020 and 2021 were pretty dark years for the U.S. in many ways — not in all ways, but in many. Covid killed a million Americans, there was massive social unrest, violent crime skyrocketed across the nation, and in 2021 inflation soared and real income fell. There were some good things going on too — Covid relief spending allowed a lot of people to pay down their debts, and the economy rebounded strongly in 2021 — but overall, if you said that 2020-21 were bad years, reasonable people probably wouldn’t contradict you. I still expressed optimism during those years, but more of the “We can fix it” variety rather than the “Things are going great” variety.

Those years, and the years of unrest that preceded them in the late 2010s, cemented a negative mood in the minds of the American people that will take a while to heal. But the healing is underway, because there are a bunch of positive trends going on in the nation right now. Here are a few.

Crime is going down now

Violent crime is a huge problem in America today — in fact, it’s pretty much always a huge problem in America, since this is generally a very violent country. But in the 1990s, 2000s, and early 2010s things were getting steadily less bad.

(Just as a side note, I like to use murder rates as a proxy for overall violent crime — assault, robbery, and rape are subject to underreporting. If there’s a lot of assaults happening, people might just stop calling the cops when they get punched, but everyone calls the cops for a dead body. So I use murder to measure overall violent crime. Also, I often just say “crime” when I mean “violent crime”, because many other people use this shorthand.)

Violent crime hit a low point in 2014. But in 2015, it started drifting up again, and in 2020 it absolutely spiked. Many, including myself, feared that America was entering a long-term period of elevated urban violence, like we did in the 1970s.

But starting in 2022, something good started to happen — violence started to fall. It fell even more in 2023:

Source: Axios

And the trend looks like it’s continuing, or even accelerating, in 2024. The Wall Street Journal has a great table where you can look at changes in murder rates in various cities over the last year. In most cities, murders are falling, and in some places they’re absolutely plunging:

Source: WSJ

America is becoming safer. Why? Unfortunately, as with the big crime decline that started in the early 1990s, we’ll probably never know. Changes in policing and incarceration, the good economy, and falling social unrest are all possibilities.

But the good news here is that the country seems to be getting safer. If the trend continues, we could get back to the relatively good years of the early 2010s.

We’re making progress against climate change

One thing that gets many Americans depressed — especially many young progressive Americans — is climate change. And that’s understandable! Climate change is a huge threat to our way of life, not to mention the natural world. The last year was especially brutal.

There’s an inherent difficulty in solving climate change, since it’s an externality — climate policy is made at the level of individual countries, so each country has an incentive to sit back and do nothing and insist that the other countries handle the global problem.

But there’s another powerful force working against climate change: technology. Solar power, batteries, and other green technologies have gotten cheaper at astounding rates, to the point where decarbonization is the smart economic option as well as the good environmental choice. At the same time, economic growth is generally shifting from manufacturing to services, especially online services, which are less carbon-intensive.

As a result, emissions have been falling in the developed world, and decelerating across much of the developing world:

Source: Nat Bullard

And as a result, projections for how bad climate change will get have been falling for the last six or seven years:

Source: Cipher

Obviously much more needs to be done. 2.7 degrees of warming will be pretty catastrophic for a lot of people and places, and even 2.1 degrees will be difficult to live with. Electrification and decarbonization need to accelerate.

But still, this is big progress, on a huge, important, and potentially even existential issue.

The U.S. economy is growing pretty fast

A lot of people these days like to downplay the importance of GDP, but actually it’s a very important economic number. GDP is a measure of national income — the amount that people spend on goods and services is, theoretically speaking, the same as the amount that people earn (even if in practice there are small differences between these numbers when we measure them). We want people’s incomes to go up! That means GDP growth. Also, faster GDP growth means more people have jobs.

U.S. growth has actually been pretty average since the pandemic; it’s basically staying on the trend line of previous decades.

But when you look at international comparisons, America is actually doing really well. Most countries have struggled to grow at pre-pandemic rates in the post-pandemic era — this is especially true of European countries that suffered from the Russian gas cutoff, but it’s also true of places like Japan and Canada (and even China). The U.S. has powered ahead, even when you take higher immigration rates into account:

(Note: This is not a per capita measure, but since most population growth in rich countries is now due to immigration, it’s basically the same.)

And forecasters expect the U.S. to continue to outpace other rich countries this year as well.

Why is the U.S. growing so quickly? Two commonly cited reasons are 1) the U.S.’ expansionary fiscal policy, including more generous Covid relief payments, and 2) Biden’s industrial policy, which is causing a boom in factory construction.

But I would also like to point out allocative efficiency. The U.S. economy got very shaken up by Covid; a lot of businesses were destroyed, and there was a huge boom in new businesses. Americans also moved around the country a lot more than they had been doing in previous years. That churn results in a better allocation of productive resources — crappy old businesses die and better ones replace them, while workers move to jobs and places where their talents are put to better use.

In any case, American income is growing strongly. And there’s even better news: The higher income is flowing into the pockets of young Americans and the working class.

Younger generations are doing better than their parents

I’ve written several posts about this over the past year, but the positive data keeps coming in, and it’s good to go over it again.

In the 2010s, there was a big worry that the Millennial generation, and perhaps also Generation Z, would be uniquely hurt by the financial crisis and by other negative economic trends. But in the years since the pandemic, it’s become apparent that younger generations are — on average — doing very well economically. The Economist has a good story showing generational income gains by age:

Note that this chart is adjusted for changes in the cost of living over time.

And Jeremy Horpedahl has been tracking younger generations’ wealth gains over at his blog:

There are two basic reasons for the jump in the wealth of younger generations: 1) rising house prices, and 2) falling debt levels.

Now, these are averages, not medians. It’s reasonable to worry about inequality within the younger generation, especially regarding who gets to inherit an expensive house from their parents. But from 2019 to 2022, there were big increases in Millennials’ median wealth, not just average:

Source: FRB

The changes were especially good for traditionally disadvantaged groups — Black and Hispanic Americans, Americans without a college degree, rural Americans, renters, etc. So that suggests that the surge in the wealth of the younger generation isn’t flowing disproportionately to richer young people (as it might be in the UK).

So young Americans are doing well — they’re making more than their parents did at similar ages, and their wealth is higher too, despite spending more years in school and getting a later start on their careers.

Wage inequality is falling

Inequality in America increased a lot in the 1980s, then again in the 2000s and early 2010s. By far the biggest piece of this was increased wage inequality — some people earned a lot more, others saw their wages fall. There were huge debates over what caused this — the decline of unions, competition with China, automation, changes in the tax code, or the rise of new technologies that benefitted educated workers more than others.

But in the mid 2010s, wage inequality plateaued:

And since the pandemic, this trend has accelerated. Autor, Dube, and McGrew have a recent paper titled “The Unexpected Compression: Competition at Work in the Low Wage Labor Market”, in which they document how low-wage and medium-wage workers have seen big gains since 2019, while high-wage workers have lost a bit of ground. They cite the reallocation of labor as the biggest factor — now that Americans are switching jobs a lot more, low-wage workers are able to drive a harder bargain against their employers.

In fact, Jeremy Horpedahl has my favorite chart showing the real wage gains (i.e., adjusted for the cost of living) across the distribution:

It would be nice if the top fifth had gained as well, but the strong gains for the people at the bottom are something to celebrate.

So those are five recent trends to be optimistic about in America today. We have a healthy economy, which is finally delivering on its promise to low-wage workers and young people, both in terms of greater income and greater wealth. Crime is falling, and the threat of global warming is a little less dire. If that doesn’t make you smile on a Thursday afternoon…well, I did my best.


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FAA to require reentry vehicles licensed before launch

Varda capsule landing
Varda capsule landing

The FAA is revising its licensing regulations to prevent a repeat of a situation last year where a spacecraft launched without approvals to return.

The post FAA to require reentry vehicles licensed before launch appeared first on SpaceNews.

A reflection on Space Symposium

Photo of a crowd looking up at a stage decorated with lights, hanging globes, and laser effects. Multiple screens display space imagery with the words "Space Symposium."
Photo of a crowd looking up at a stage decorated with lights, hanging globes, and laser effects. Multiple screens display space imagery with the words "Space Symposium."

The Space Symposium has been well known for decades as the world’s largest space gathering, bringing together brilliant minds from government, industry and academia to evaluate progress in space advancements.

The post A reflection on Space Symposium appeared first on SpaceNews.

The trillion-dollar question

Forecasts from Goldman Sachs, Morgan Stanley and other heavyweight investment banks of a trillion-dollar space economy by 204 have echoed across the industry for more than half a decade.

The post The trillion-dollar question appeared first on SpaceNews.

Nelson defends “very tough choices” in NASA’s budget proposal

Nelson
Nelson

NASA Administrator Bill Nelson defended the agency’s plans to cut back or cancel some agency programs at a House hearing, placing much of the blame at the feet of Congress.

The post Nelson defends “very tough choices” in NASA’s budget proposal appeared first on SpaceNews.

Suppliers struggle as military embraces small satellites

Bottlenecks emerge in the space industrial base as companies adapt to new demands for faster, cheaper satellites.

The post Suppliers struggle as military embraces small satellites appeared first on SpaceNews.

Canada extends MDA Space’s ISS robotics contract to 2030

The Canadian Space Agency has awarded MDA Space a contract extension worth around $182 million to continue supporting robotics operations on the International Space Station until 2030.

The post Canada extends MDA Space’s ISS robotics contract to 2030 appeared first on SpaceNews.

The paradox of U.S. government R&D funding: Barriers for non-U.S. owned firms

The U.S. government craves innovation but sets barriers via ownership stipulations, contrasting with other nations open to R&D funding with less stringent conditions.

The post The paradox of U.S. government R&D funding: Barriers for non-U.S. owned firms appeared first on SpaceNews.

Israeli Retaliation Underway

12:57 a.m.: It’s hard to know the precise significance of Israel’s retaliatory strike or how Iran might respond. So far Iran seems to be downplaying the attack internally, basically saying it was no big deal and showing video of Isfahan as if nothing was going on. And the attack does seem to have been fairly limited. But what jumps out is that the Israeli drones or at least most of them were able to hit deep within Iran without much problem. I assume that was the message of the strike: that Israel can strike deep within Iran basically at will, unlike Iran’s experience having virtually every one of its missiles and drones shot down. The Israeli target was a drone facility Isfahan. But that’s also where Iran’s nuclear facilities are, which were not targeted. As best I can tell, that’s the message: our missiles and drones get through.

10:55 p.m.: Unclear what’s happening yet. But there is clearly a major Israeli retaliation underway over the skies in Iran. Flights are being diverted. Airspace closed. Here’s the list I’m watching on Twitter if you’re still on Twitter. CNN says the attack is on non-nuclear targets. Presumably they are getting that directly from the Israelis or what the Israelis told the Americans. Apparently the Israelis gave the U.S. a significant heads up that this was coming.

Thursday 18 April 1661

Up with my workmen and then about 9 o’clock took horse with both the Sir Williams for Walthamstow, and there we found my Lady and her daughters all.

And a pleasant day it was, and all things else, but that my Lady was in a bad mood, which we were troubled at, and had she been noble she would not have been so with her servants, when we came thither, and this Sir W. Pen took notice of, as well as I. After dinner we all went to the Church stile, and there eat and drank, and I was as merry as I could counterfeit myself to be. Then, it raining hard, we left Sir W. Batten, and we two returned and called at Mr. —— and drank some brave wine there, and then homewards again and in our way met with two country fellows upon one horse, which I did, without much ado, give the way to, but Sir W. Pen would not, but struck them and they him, and so passed away, but they giving him some high words, he went back again and struck them off their horse, in a simple fury, and without much honour, in my mind, and so came away.

Home, and I sat with him a good while talking, and then home and to bed.

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📙 #033 - Handwriting & Scripts

# Robot Handwriting

Close-up from Amy’s project.

Amy has been posting updates on Xitter about her handwriting system, which she uses in her wonderfully curious generative art system (shown above).

It's been fun watching it develop and the tools she's been building to help manage it all. Amy posted two videos on Xitter that show part of the process.

https://twitter.com/amygoodchild/status/1779921556501590414
https://twitter.com/amygoodchild/status/1780203138118524956

I have no idea what Substack will do with those links, so here's a screenshot, too. This means you may see images one, two, or zero times, depending on goodness knows what.

We're doing similar things with handwriting and tools, but part of our approach that's very different is that Amy is aiming to get the code for her cursive handwriting to be as small as possible, using all sorts of neat tricks. According to her blog post: https://www.amygoodchild.com/blog/generating-the-alphabet, the file size for all the font stuff is around 9.7kb, probably a couple of kb more now.

Which is small enough to be used in online generative art projects and even put on the blockchain. This is done by having as few control points as possible for each letter, then using code to "inflate" them to something smoother and more usable, with other bits of code to apply effects. Amy explains it better in the blog post, which you should totally read.

Meanwhile, my approach is to have as much raw data as possible and then figure out what the fuck to do with it later. Which is half a joke and half true. This is what my 'be' letter pair looks like.

This shows the result of six variations of me writing 'be' onto an eInk tablet and then pulling in all the data, around 600 to 1100 x,y points per joined-up letter.

I already have eight variations of each uppercase and lowercase letter and punctuation mark, which totals a 24.7Mb .json file.

I then wrote out every lowercase letter joined to every other lowercase letter six times, so 'aa', 'ab', 'ac' ... 'zy', 'zz' or 26 * 26 * 6 = 4,056 handwritten letter pairs.

The .json file for those is a whopping 367Mb!

I'm working on the theory that if I have the word "ages", I'll grab the letter pairs; 'ag', 'ge' & 'es', start with the 'ag' and halfway through the 'g' transition from the ending 'g' of 'ag', into the starting 'g' of 'ge', then blend from the ending 'e' to the starting of 'es' which finish the word. Which should give me one continuous line.

This theory is currently untested, but I'm going with the hunch that it's 1) possible and 2) "just maths."

b-pair variants on the ReMarkable eInk tablet

Anyway, with around 400Mb of .json data, this will not be bundled into any generative art that runs online in the browser anytime soon. Which I'm fine with. For a start, I'm not sure I want to put the ability to generate my handwriting onto the internet in a Javascript file with supporting code, and second, any artwork I'm going to make with it is something that runs offline and spits out an SVG for plotting or a PNG for printing.

The other reason I'm taking this brute-force approach is that I'd love to use machine learning to generate someone's specific handwriting from samples rather than generic "here's some AI" handwriting. To do that, I need some good, clean source data (the boring part of machine learning, cleaning up the input). I need something known I can measure and score outputs against.

So, hopefully, I will only have to go through this long-winded process once.

Anyway, I like the balance in approaches Amy and I are taking: Amy trying to have as little data as possible and "inflating" it up to cursive writing, and me starting with as much data as possible to then try and shrink it down later.


This post is public so feel free to share it with someone you think will find it interesting.

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# 256 Kill-Screen Analogue

To mess around with my (not joined up) handwriting a bit, I took my Feral File project 256 Kill-Screen (which I swore I wrote about here previously, but apparently not), which was based on old 8-bit fonts, BBC Micro, fwiw, and replaced them with my own handwriting.

Using just the non-joined version of my handwriting is small enough to run stuff in real time in the browser.

I took that output and threw it at the pen plotter as a quick test.

Now, I know "turning an image into letters" is a little obvious, as would "Here's a picture of David Bowie, 'handwritten' with all his lyrics" (bonus points for using his handwriting at some point).

But I mean, it's one of those things we have to go through at some point.

Adapting 256 Kill-Screen was easy because I have the code to hand, so when I'm not writing scripts for YouTube videos (see next section), I'll give that image-to-handwriting code a go.


# YouTube Pen Plotting Tutorial update

Somehow, my "I have two weeks clear to write the first set of scripts" didn't turn out as clear as I'd hoped.

The tutorials are mainly aimed at two groups of people: artists who want to start using them but don't have any coding experience and coders who know how to code but aren't sure where to start with drawing machines.

I've split the tutorials into four "chapters." The first chapter comprises several videos that overview the machines, pen, paper, and ink, connecting to it and creating SVG files.

As that chapter is enough for the coders to get started, I want those videos to go out in one go. This means having them all scripted, shot, edited, and uploaded and then updating the accompanying website with the videos, resources, code examples, and so on.

After that I'm more happy to release the rest of the drawing machine based coding tutorials one at a time until they're all done.

This is my compromise between wanting to launch the whole thing in one go (which was the original plan, but it obviously didn't happen because it was so overwhelming) and releasing all the videos one at a time. This would make people tuning into the first one have to wait as they were released, and I thought that'd be too frustrating.

These are the topics for the first chapter:

  • 1.1.0 - Introduction

  • 1.1.1 - Types of pen plotter artists

  • 1.2.0 - Intro to the drawing machine

  • 1.2.1 - How to talk to the drawing machine

  • 1.3.0 - Pens and Paper (and ink)

  • 1.3.1 - Anatomy of a piece of paper

  • 1.4.0 - What is an SVG file?

  • 1.4.1 - Writing a calibration file

  • 1.4.2 - Bonus: Writing an SVG file by hand + dice

  • 1.4.3 - Bonus: Writing an SVG file with AI, badly

  • 1.5.0 - A note about hidden line removal, optimisation, fills and handwriting

So far, I've written draft scripts for the first six (1.1.0 - 1.3.1), with another five to go. Luckily, the second half is shorter and quicker than the first half.

Then I'll go over them again to turn them into final versions, create code examples and slides I need to use, and then shoot the videos, which I don't see happening until the start of May.

If there's one lesson I haven't learnt yet, it's that everything takes way too long.


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# THE END

And that's our catch-up, mainly me either writing or avoiding writing scripts, depending on my mood.

I haven't been running any of the monthly "profit/loss" reports that I used to.

Mainly because selling NFT projects creates a very spiky income, and I felt that it was not much use to anyone else, in the way the older "Here's how many pen plots I sold, here's how many prints, this is how my shop is going, this is my income and my expenses" was for other artist wanting to do a similar.

If I were going to make some report, it'd be; looking at the business account, I'm set to properly run out of money next Thursday, the 25th.

For boring tax reasons, I was hoping to run out this week, but I didn't buy enough postage stamps in time.

But I was also hoping to have finished selling the studio before then too, which is now looking to happen the week or two after run-out-of-money-day 💸

⌛️ Which is honestly pretty terrible timing.

On the plus side, YouTube emailed me to let me know I've earned $60, which they've paid me. So, at least there's that!

Right, time to go!

I love you all,
Dan
❤️

P.S. You'll receive my next newsletter around May 2nd.

P.P.S. Here’s some lovely music from my friend Laura to take you into the weekend.

And the always reliable Book Club Radio.

Hotels: Occupancy Rate Increased 2.8% Year-over-year

From STR: U.S. hotel results for week ending 13 April
Helped by the total solar eclipse, U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 13 April. ...

7-13 April 2024 (percentage change from comparable week in 2023):

Occupancy: 65.8% (+2.8%)
• Average daily rate (ADR): US$160.20 (+2.9%)
• Revenue per available room (RevPAR): US$105.48 (+5.8%)
emphasis added
The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.

Hotel Occupancy RateClick on graph for larger image.

The red line is for 2024, black is 2020, blue is the median, and dashed light blue is for 2023.  Dashed purple is for 2018, the record year for hotel occupancy. 

The 4-week average of the occupancy rate is tracking last year, and also at the median rate for the period 2000 through 2023 (Blue).

Note: Y-axis doesn't start at zero to better show the seasonal change.

The 4-week average of the occupancy rate will move mostly sideways seasonally until the summer travel season.

U.S. Court Rules That Police Can Force a Suspect to Unlock Phone With Thumbprint

Jon Brodkin, reporting for Ars Technica:

The US Constitution’s Fifth Amendment protection against self-incrimination does not prohibit police officers from forcing a suspect to unlock a phone with a thumbprint scan, a federal appeals court ruled yesterday. The ruling does not apply to all cases in which biometrics are used to unlock an electronic device but is a significant decision in an unsettled area of the law. [...]

Payne’s Fifth Amendment claim “rests entirely on whether the use of his thumb implicitly related certain facts to officers such that he can avail himself of the privilege against self-incrimination,” the ruling said. Judges rejected his claim, holding “that the compelled use of Payne’s thumb to unlock his phone (which he had already identified for the officers) required no cognitive exertion, placing it firmly in the same category as a blood draw or fingerprint taken at booking.”

“When Officer Coddington used Payne’s thumb to unlock his phone — which he could have accomplished even if Payne had been unconscious — he did not intrude on the contents of Payne’s mind,” the court also said.

Via Jamie Zawinski, whose advises never using Touch ID or Face ID. I strongly disagree with that advice. Almost everyone is far more secure using Face ID rather than relying on a passcode/passphrase alone. People who don’t use Face/Touch ID are surely tempted to use a short easily-entered passcode for convenience, and anyone who disables Face/Touch ID while using a nontrivial passphrase is encountering a huge inconvenience every single time they unlock their phone. There’s no good reason to put yourself through that.

My advice is to internalize the shortcut to hard-lock an iPhone, which temporarily disables Face/Touch ID and requires the passcode to unlock: squeeze the side button and either of the volume buttons for a second or so. I wrote an entire article about this two years ago. Don’t just learn this shortcut, internalize it, so that you don’t have to think about it under duress. Just squeeze the side buttons until you feel the phone vibrate. Then it’s hard-locked. Do this whenever you go through security — be it at the airport, the ballpark, or anywhere. If you see a magnetometer, hard-lock your iPhone. If you get pulled over by a cop while driving, hard-lock your phone before you do anything else. (You can still launch the Camera app from the lock screen to record the encounter, if you wish, while the phone remains hard-locked.) Tell everyone you know how to hard-lock their iPhones.

(Also, this ruling is specific to the details of this particular case, and thus only addresses fingerprint authentication, not facial recognition. Those concerned with civil liberties should presume, though, that the same court would rule similarly regarding cops unlocking a device by waving it in front of the suspect’s face. But with “Require Attention for Face ID” — which is on by default — Face ID won’t work if you keep your eyes closed, and I don’t think a court would allow police to force your eyes open. The trick to worry about is the police handing you back your phone, under the pretense that you can use it to make a call or something, and then yanking it from your hands after you unlock it.)

 ★ 

Struggling with a Moral Panic Once Again

I have to admit that it’s breaking my heart to watch a new generation of anxious parents think that they can address the struggles their kids are facing by eliminating technology from kids’ lives. I’ve been banging my head against this wall for almost 20 years, not because I love technology but because I care so deeply about vulnerable youth. And about their mental health. And boy oh boy do I loathe moral panics. I realize they’re politically productive, but they cause so much harm and distraction.

I wish there was a panacea to the mental health epidemic we are seeing. I wish I could believe that eliminating tech would make everything hunky dory. (I wish I could believe many things that are empirically not true. Like that there is no climate crisis.) Sadly, I know that what young people are facing is ecological. As a researcher, I know that young people’s relationship with tech is so much more complicated than pundits wish to suggest. I also know that the hardest part of being a parent is helping a child develop a range of social, emotional, and cognitive capacities so that they can be independent. And I know that excluding them from public life or telling them that they should be blocked from what adults values because their brains aren’t formed yet is a type of coddling that is outright destructive. And it backfires every time.

I’m also sick to my stomach listening to people talk about a “gender contagion” as if every aspect of how we present ourselves in this world isn’t socially constructed. (Never forget that pink was once the ultimate sign of masculinity.) Young people are trying to understand their place in this world. Of course they’re exploring. And I want my children to live in a world where exploration is celebrated rather than admonished. The mental health toll of forcing everyone to assimilate to binaries is brutal. I paid that price; I don’t want my kids to as well.

I have no way to combat the current wave of fear-mongering that’s working its way into schools under false pretenses of science. I don’t know how to stop a tidal wave of anxious parents seeking a quick fix. But I did decide to spend some time talking with some thoughtful reporters about “kids these days” in an effort to center youth instead of technology.

Taylor Lorenz’s “Power User”

I continue to be impressed with Taylor’s ability to stand up to the trolls and offer thoughtful and nuanced takes on our sociotechnical world. So I was super honored when she reached out to see if I would be willing to talk about the latest moral panic with her. Hopefully this conversation can be a source of calm for the generation of anxious parents out there.

Detroit Public Radio’s “Created Equal”

Stephen Henderson is genuinely curious to unpack why the focus on legislation isn’t the right approach to mental health. So we dove in together to talk this through. Hopefully his thoughtful questions and my responses will provide insights for those who are hoping that regulation can make a dent in this whole thing.

There is a Path Forward…

In both of these conversations, I offer some thoughts for different audiences out there, including parents, regulators, teachers, and even kids. I’ve said many of these before, but I want to highlight a few that are top of mine just in case you’re reading this but don’t have time to listen to our conversations. I’m going to keep them brief here, but I hope I can continue to unpack them more and more over time.

1. Parents: Ensure your kids have trusted adults in their lives. It really does take a village. Kids need to be able to turn to other adults, not just you, especially when they’re struggling. You can really help your kids by ensuring they have a trusted network of aunties and coaches and mentors and other such adults. Build those relationships early and allow your children to develop strong independent relationships with adults you trust.

2. Adults writ large: “Adopt” other youth into your life. Be a mentor, a supporter, a cheerleader, a trusted person that they can turn to. You can do this through formal mentoring programs or just being an auntie to friends’ kids. You can really make a difference.

3. Regulators: Fund universal mental health access, ffs. It should not be so hard to get access to quality care when you’re in a crisis. And it should not require parental permission to seek help. Make mental health care access easy! And not just crisis care — actual sustained mental health care. Kids’ lives depend on this.

4. Parents: Check your own tech use. You are norm-setting for kids out there. Create a household tech contract with your kids. Listen to their frustrations over YOUR tech use before you judge them. This starts with the tiny ones btw.

5. Philanthropy: Invest in a “digital street outreach” program. Remember when we used to reach out to young people who were on the streets and offer them clean needles, information, and resources? When young people are crying out online, who is paying attention to them? Who is holding them? Who is ensuring that they’re going to be AOK? The answer is ugly. We need responsible people to be poised to reach out to young people when they’re crying out in pain.

Please please please center young people rather than tech. They need our help. Technology mirrors and magnifies the good, bad, and ugly. It’s what makes the struggles young people are facing visible. But it is not the media effects causal force that people are pretending it is.

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Realtor.com Reports Active Inventory UP 29.1% YoY; New Listings Up 7.2% YoY

What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For March, Realtor.com reported inventory was up 23.5% YoY, but still down almost 38% compared to March 2017 to 2019 levels. 

 Now - on a weekly basis - inventory is up 29.1% YoY.

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View—Data Week Ending April 13, 2024
Active inventory increased, with for-sale homes 29.1% above year-ago levels.

For the 23rd week in a row, there were more homes listed for sale compared with the previous year, giving homebuyers a wider selection to choose from. However, this week’s increase was not as high as the 30.4% growth seen last week, possibly suggesting a slowdown in inventory growth. This could be due to the continued impact of high mortgage rates, which might be discouraging some sellers from listing their homes.

New listings–a measure of sellers putting homes up for sale–were up this week, by 7.2% from one year ago.

Following some ups and downs around Easter, sellers kept putting homes on the market at a faster rate compared with last year, with a 7.2% increase in newly listed homes. However, this growth rate is slower than what we’ve seen since early February.
Realtor YoY Active ListingsHere is a graph of the year-over-year change in inventory according to realtor.com

Inventory was up year-over-year for the 23rd consecutive week following 20 consecutive weeks with a YoY decrease in inventory.  

Inventory is still historically very low.

New listings remain below typical pre-pandemic levels although increasing. 

U.S.A. fact of the day

Latin American immigrants are starting businesses at more than twice the rate of the U.S. population as a whole.

The jump in Latino entrepreneurship has driven up the overall share of new businesses owned by immigrants, who accounted for 36% of launches last year compared with 25% in 2019, according to a new analysis of Census Bureau data. New-business creation by white and native-born Americans has slowed in the past two years, following a broad surge early in the pandemic.

Here is more from the WSJ.

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Listen To This: Trump V. Manhattan

A new episode of The Josh Marshall Podcast is live! This week, Kate and Josh discuss the beginning of the New York hush money trial, arguments at the Supreme Court that could affect a different Trump trial and Mike Johnson’s newest woes.

You can listen to the new episode of The Josh Marshall Podcast here.

Claims about claims (it’s happening)

Here is from Meta.

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SpaceX completes 40th Falcon 9 launch of the year with Starlink mission

The SpaceX Falcon 9 rocket supporting the Starlink 6-52 mission transits the Moon moments before Main Engine Cut-off (MECO). Image: Michael Cain/Spaceflight Now

SpaceX completed its 40 Falcon 9 mission of the year with a launch from the Cape. The Starlink 6-52 mission added 23 more satellites to the growing low Earth orbit constellation.

Liftoff from Space Launch Complex 40 at Cape Canaveral Space Force Station happened at 6:40 p.m. EDT (2240 UTC), the opening of a nearly four-hour window. The 45th Weather Squadron forecast a 90 percent chance of favorable conditions heading into launch.

A Falcon 9 rocket lifts off from Space Launch Complex 40 on Thursday, April 18, 2024, on the Starlink 6-52 mission. Image: Adam Bernstein/Spaceflight Now

The Falcon 9 first stage booster for this mission, tail number B1080, made its seventh flight on this mission. It previously flew the Ax-2 and Ax-3 private astronaut missions on behalf of Axiom Space in addition to launching the Euclid observatory for the European Space Agency.

A little more than eight minutes after liftoff, B1080 landed on the SpaceX droneship, ‘A Shortfall of Gravitas.’ This was the 66th landing on ASOG and the 299th Falcon booster landing to date.

The 23 Starlink satellites were deployed a little more than an hour prior to liftoff.

The hidden story behind one of SpaceX’s wettest and wildest launches

Is that sooty rocket lifting off with the CRS-3 mission in 2014 a reused booster? No, it is not.

Enlarge / Is that sooty rocket lifting off with the CRS-3 mission in 2014 a reused booster? No, it is not. (credit: SpaceX)

Ten years ago today, when a Falcon 9 rocket took off from Florida, something strange happened. Dramatically, as the rocket lifted off, a fountain of dirty water splashed upward alongside the vehicle, coating the rocket in grime.

Following the ultimately successful liftoff of this third cargo Dragon mission to the International Space Station, SpaceX founder Elon Musk was asked about the incident during a news conference. He offered a fairly generic answer without going into the details.

"We sprayed a bunch of water all around the pad," Musk said. "Essentially what happened is we splashed dirty water on ourselves. So it’s a little embarrassing, but no harm done."

Read 19 remaining paragraphs | Comments

★ European Data Protection Board Goes There, Rules Against Meta’s ‘Pay or OK’ Model

Eric Seufert, on Threads:

The EDPB — the EU’s legislature of privacy authorities — adopted a draft opinion today determining that large online platforms can’t offer a “pay or okay” model as a strict binary and must also offer a third, free choice that doesn’t utilize personalized advertising.

Given which way the wind’s been blowing in the EU, this is unsurprising, but make no mistake, this is a radical stance. From the EDPB’s draft ruling (PDF):

The offering of (only) a paid alternative to the service which includes processing for behavioural advertising purposes should not be the default way forward for controllers. When developing the alternative to the version of the service with behavioural advertising, large online platforms should consider providing data subjects with an ‘equivalent alternative’ that does not entail the payment of a fee. If controllers choose to charge a fee for access to the ‘equivalent alternative’, controllers should consider also offering a further alternative, free of charge, without behavioural advertising, e.g. with a form of advertising involving the processing of less (or no) personal data. This is a particularly important factor in the assessment of certain criteria for valid consent under the GDPR. In most cases, whether a further alternative without behavioural advertising is offered by the controller, free of charge, will have a substantial impact on the assessment of the validity of consent, in particular with regard to the detriment aspect.

With respect to the requirements of the GDPR for valid consent, first of all, consent needs to be ‘freely given’. In order to avoid detriment that would exclude freely given consent, any fee imposed cannot be such as to effectively inhibit data subjects from making a free choice. Furthermore, detriment may arise where non-consenting data subjects do not pay a fee and thus face exclusion from the service, especially in cases where the service has a prominent role, or is decisive for participation in social life or access to professional networks, even more so in the presence of lock-in or network effects. As a result, detriment is likely to occur when large online platforms use a ‘consent or pay’ model to obtain consent for the processing.

Seufert again:

In its opinion on Meta’s use of the Pay or Okay model, the EDPB effectively says that any sufficiently valuable product must offer a free version that doesn’t monetize via behavioral ads. That the quality of being indispensable means consumers must have unfettered access to it.

What makes this all the more outrageous is that many major publishers in the EU use this exact same “pay or OK” model to achieve GDPR compliance — and none offer a free alternative with non-targeted ads. Don’t hold your breath waiting for Der Spiegel to offer free access without ads. Christ, they don’t even let you look at their homepage without paying or consenting to targeted ads. And Spotify quite literally brags about its ad targeting. But Spotify is an EU company, so of course it wasn’t designated as a “gatekeeper” by the protection racketeers running the European Commission.

They’re not saying “pay or OK” is illegal. They’re saying it’s illegal only if you’re a big company from outside the EU with a very popular platform.

Meta’s only options for compliance with this ruling, as I see it:

  • Offer a new free tier with contextual, rather than targeted, ads. To achieve an ARPU equivalent to Meta’s paid and free-with-targeted-ads tiers, this new offering would likely have to inundate users with a veritable avalanche of annoying ads. This, I would wager, would be deemed “malicious compliance” and thus also illegal.

  • Offer a new free tier with contextual, rather than targeted, ads — but only show roughly the same frequency of ads as their lucrative free-with-targeted-ads tier. This is what the EDPB (and EC) are demanding, and seemingly think they can force Meta to do. Meta would almost certainly see ARPU plummet for all users who opt into this tier. Who knows if the revenue would even be sufficient to break even per such user?

  • Invent some novel way to generate as much revenue per non-targeted ad as targeted ones. This is the “nerd harder” fantasy solution, a la demanding that secure end-to-end encryption provide back doors available only to “the good guys”.

  • Cease offering Facebook and Instagram in the EU. (WhatsApp doesn’t monetize through targeted ads, so isn’t germane to this ruling.) This is the option the EDPB and EC believe “unthinkable” for Meta to take, because the EU is, in their minds, an indispensable market.

I don’t see how Meta can risk the second choice. Meta could afford to see ARPU plummet solely within the EU, and at first thought, you might think some revenue per EU user is surely better than no revenue at all from the EU. But if Meta caves and complies with this ruling by offering a free tier with significantly lower ARPU, that opens the door for regulators and legislative bodies around the globe to demand the same. Then, poof goes Meta as an industry colossus.

I suspect the EU regulatory bodies have some surprises coming regarding how this is going to play out.

‘Oh the Humanity’

Ben Sandofsky:

An ex-Apple designer who went on to startup success once told me, “I wish I could give a workshop for Apple alumni jumping into startups, to help them un-learn The Apple Way.” As someone who strives to build products with the craft and quality of Apple, it pains me to admit that The Apple Way can destroy a lot of startups. Which brings us to Humane.

Great piece. And it brings to mind an observation I’m far from the first to make: There are far fewer startups founded by former Apple employees than one would expect, given Apple’s spectacular run over the past 25 years.

Nest is an obvious exception, but Tony Fadell had a very atypical career at Apple. He was brought in as a contractor in 2001 to help create the iPod, and stayed until 2008. He was more “the iPod guy” not “an Apple person”. And the original Nest thermostat couldn’t be more opposite from Humane’s AI Pin — the Nest did exactly what it promised, very well. Even the fact that it included a screen. Most importantly, Nest’s thermostat took aim at replacing existing dumb thermostats, which were terrible. Nest’s product really was something like 10× better than what it aimed to disrupt. The AI Pin took aim at the iPhone, which is insanely great.

 ★ 

Ippei Mizuhara, Shohei Ohtani’s Interpreter and Friend, Stole $16 Million to Pay Only a Portion of His Gambling Losses

Speaking of sports gambling scandals, here’s Tim Arango and Michael S. Schmidt, reporting for The New York Times:

Ohtani has many other accounts, of course — he earns more money from endorsements and business deals than he does from his lucrative baseball salary. But it was this account, solely for Ohtani’s baseball earnings, that Mizuhara would scheme to take control of and then, as he fell deeper into a gambling addiction, pilfer for years, according to prosecutors.

Mizuhara changed the settings of the account so alerts and confirmations of transactions would go to him, not Ohtani. Drawing on phone recordings obtained from the bank, prosecutors said Mizuhara had also impersonated Ohtani to gain the bank’s approval for certain large transactions. And whenever one of Ohtani’s other advisers — his agent, tax preparer, bookkeeper or financial adviser, all of whom were interviewed for the federal investigation — inquired about the account, Mizuhara told them that Ohtani preferred the account to remain private.

Between November 2021 and January this year, Mizuhara stole $16 million from the account to feed his “voracious appetite for illegal sports betting,” according to E. Martin Estrada, the U.S. attorney in Los Angeles.

Sounds like the plot from a Coen brothers movie. At every step where anyone tried to check with Ohtani on this bank account, they went through Mizuhara as a translator.

This being a baseball story, the criminal complaint was stuffed with numbers:

  • 19,000 bets.
  • $142,256,769.74 total winning bets.
  • $182,935,206.58 total losing bets.

That’s 20-some bets per day, for years, for nearly $20,000 per wager on average. Just the frequency alone, setting aside the high stakes, is staggering.

It’s good to know, though, that Ohtani was oblivious to all of it.

 ★ 

NBA Bars Jontay Porter for Betting

Joe Vardon, reporting for The Athletic:

The league said that Porter, who spent part of his time in the NBA and part of it in its developmental G League, privately told a sports bettor he was hurt, removed himself from a game to control prop bets on his own play, and placed his own wagers on NBA games.

He is the first active player or coach to be expelled from the NBA for gambling since Jack Molinas in 1954.

According to the results of a league investigation, Porter, 24, gave a confidential tip about his health to a person he knew to be a sports bettor, prior to the Raptors’ game on March 20 against the Sacramento Kings. A third individual, connected to both Porter and the original recipient of Porter’s health information, placed an $80,000 parlay bet to win $1.1 million, betting that Porter would underperform against the Kings.

To make sure that the bet hit, the league found, Porter pulled himself out of that game against the Kings after just three minutes, claiming he was ill. The investigation also showed that from January through March, while either playing for Toronto or the Raptors’ G League affiliate, Porter placed at least 13 bets on NBA games using an associate’s online betting account. While none of those bets were on games in which Porter played, he did bet on the Raptors to lose as part of a parlay bet. The wagers ranged in size from $15 to $22,000, and totaled $54,000. He netted nearly $22,000 in winnings on the wagers, the league said.

Porter is a bench player, but in the NBA bench players do well. Porter’s salary this season was $411,000, and he’s earned close to $3 million since he made the NBA four years ago. But how much do you want to bet he’s not the last player in a major sport to get caught up in a point-shaving scam like this?

 ★ 

Thursday assorted links

1. Interview with Ulrike Malmendier, a regional thinker in the best sense of the term.

2. “Paying Off People’s Medical Debt Has Little Impact on Their Lives, Study Finds.” (NYT)  Model that.

3. Another look at suicide rates.

4. Should you have privacy rights to your brainwaves? (NYT)  And should you have the right to sell or give away those rights?

5. C. Thi Nguyen on Value Capture, an interesting philosophy paper about overreliance on metrics and external evaluations.

6. Alas, Robert Hessen has passed away, RIP.

7. Productivity problems and sometimes even declines in African agriculture.

8. The Milei incomes policy for health care?

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House Installs New Speaker: YOLO Johnson

I don’t pretend to even understand the moving parts of how this is supposed to work. But almost out of the blue Speaker Mike Johnson has decided to go all-in on an aid package for Ukraine, Israel and Taiwan. As this started to come into view over the last two or three days, I’ve had a number of TPM Readers write in to say, why is this happening? What’s the catch? Or, why is he walking the plank like this? What is he sacrificing his Speakership for? And I don’t have a really good answer.

Let’s start by noting the one thing that is at least a catalyst if not the trigger: the thwarted Iranian missile attacks on Israel. That clearly changed the game for many House Republicans. Passing some Israel aid became a necessity for a number of them. I assume that Johnson concluded that without assistance from at least some Democrats that too wouldn’t be possible and that he had no choice but to move ahead with Ukraine aid too.

According to reports from earlier in the week, when Hakeem Jeffries was asked how Democrats should respond to Republicans asking for support on a motion to vacate, he said to tell those Republicans to sign the discharge petition. That’s the parliamentary procedure with which the signatures of a simple majority of the House can mostly force a vote on a particular bill. (It’s a touch more complicated than that. But for present purposes that’s more or less it.) But in the last two days Johnson appears to have gone all in, scheduling a pretty robust aid package for a vote, all but guaranteeing a Freedom Caucus-led attempt to topple him and forcing himself to rely on Democratic votes to save him from that fate. Yesterday he was on TV leaning into the absolute necessity of moving aid to Ukraine, pitching it with traditionally Republican rhetoric — American strength, freedom, etc. — but still nonetheless making the case for the necessity of Ukraine aid on the merits.

I’m still not entirely sure what to make of this. It should be obvious I have zero brief for this guy. But I will note that what one consistently hears from House Democrats is that they see him differently than McCarthy. To them McCarthy was a backstabber and a notorious liar. They say Johnson has been straight with them. And to be clear, as at least I understand it, this means simply that he hasn’t lied to them, told them one thing and then double crossed them, etc. That presumably provides a level of trust that they can come to some understanding with him.

I’m sure we’ll see criticism of this. How can Democrats find themselves sustaining the Speakership of a far-right winger who meaningfully participated in the January 6th coup by providing colleagues with a purported constitutional argument for why COVID-based changes to election year vote administration were unconstitutional? Good question. How on earth did we get here? But for what it’s worth, if I’m understanding the tacit deal in the works, it’s worth it. Ukraine aid is absolutely critical and time is running out. Taiwan aid is important too. Israel aid is more complicated in my mind. But on balance I support it.

There’s some discussion about whether he will also try to get pieces of Republican border legislation in one mega bill. We’ll have to see the details on that. He has to know that pushing that too far loses him some or all Democratic votes. We’ll have to see where this goes. There’s also talk among Republicans of using this must-pass piece of legislation to increase the threshold for “motions to vacate”, i.e., the ability for one or two GOP showboating freaks to kick off a new emergency clown derby.

This is interesting because it solves what has always seemed to me to be the basic problem: Sure, maybe Dems save Johnson’s speakership. But why don’t Greene and Massie and whoever else wants to be on TV just wait a week and try again? Dems can’t permanently sustain his Speakership without some kind of very tangible power sharing. But if the deal included increasing the threshold or allowing only members of the leadership to push such a vote that problem might go away. That would also empower Johnson. And at some level parliamentary politics remains a zero sum game. But I’m not sure it’s the worst bargain over the coming months. We’ll see.

I’m still not sure what’s happening here. But something seems to be happening. I can’t see how Johnson hasn’t already gone too far rhetorically, saying the Ukraine aid is a moral and national security imperative, to go back. It’s also not totally clear to me he has any understanding with Democrats. I see some smart folks saying he’ll be out within the week and that he’s simply accepted that. Maybe so. Who knows?

NAR: Existing-Home Sales Decreased to 4.19 million SAAR in March; Median House Prices Increased 4.8% Year-over-Year

Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.19 million SAAR in March

Excerpt:
Sales Year-over-Year and Not Seasonally Adjusted (NSA)

The fourth graph shows existing home sales by month for 2023 and 2024.

Existing Home Sales Year-over-yearSales declined 3.7% year-over-year compared to March 2023. This was the thirty-first consecutive month with sales down year-over-year.
There is much more in the article.

NAR: Existing-Home Sales Decreased to 4.19 million SAAR in March

From the NAR: Existing-Home Sales Descended 4.3% in March
Existing-home sales slipped in March, according to the National Association of REALTORS®. Among the four major U.S. regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. Year-over-year, sales decreased in all regions.

Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – receded 4.3% from February to a seasonally adjusted annual rate of 4.19 million in March. Year-over-year, sales waned 3.7% (down from 4.35 million in March 2023).
...
Total housing inventory registered at the end of March was 1.11 million units, up 4.7% from February and 14.4% from one year ago (970,000). Unsold inventory sits at a 3.2-month supply at the current sales pace, up from 2.9 months in February and 2.7 months in March 2023.
emphasis added
Existing Home SalesClick on graph for larger image.

This graph shows existing home sales, on a Seasonally Adjusted Annual Rate (SAAR) basis since 1994.

Sales in March (4.19 million SAAR) were down 4.3% from the previous month and were 3.7% below the March 2023 sales rate.

The second graph shows nationwide inventory for existing homes.

Existing Home InventoryAccording to the NAR, inventory increased to 1.11 million in March from 1.06 million the previous month.

Headline inventory is not seasonally adjusted, and inventory usually decreases to the seasonal lows in December and January, and peaks in mid-to-late summer.

The last graph shows the year-over-year (YoY) change in reported existing home inventory and months-of-supply. Since inventory is not seasonally adjusted, it really helps to look at the YoY change. Note: Months-of-supply is based on the seasonally adjusted sales and not seasonally adjusted inventory.

Year-over-year Inventory Inventory was up 14.4% year-over-year (blue) in March compared to March 2023.

Months of supply (red) increased to 3.2 months in March from 2.9 months the previous month.

This was at the consensus forecast.  I'll have more later. 

If Biden Spoke Like This Once, There Would Be Calls to Invoke the 25th Amendment

And people wouldn’t be wrong to do so. Adjudicated rapist and serial fraudster Donald Trump recently uttered this (it’s unclear how to punctuate this gibberish):

It’s where the army weathered it’s brutal winter at Valley Forge where General George Washington led his men on a daring mission across the Delaware and where our union was saved by the immortal heroes at Gettysburg Gettysburg what an unbelievable battle that was the battle of Gettysburg what an unbelievable I mean it was so much and so interesting and so vicious and horrible and so beautiful and so many different ways it represented such a big portion of the success of this country Gettysburg wow…

I go to Gettysburg Pennsylvania to look and to watch and the statement of Robert E. Lee who’s no longer in favor did you ever notice that no longer in favor never fight uphill me boys never fight uphill they were fighting uphill he said wow that was a big mistake he lost his great general and they were fighting never fight uphill me boys but it was too late.

While Trump’s statement about Frederick Douglass was hilariously ignorant (“Frederick Douglass is an example of somebody who’s done an amazing job and is being recognized more and more, I notice.”), it was, at least, a comprehensible sentence. But Trump routinely has stretches in his speeches–if you actually watch them (and not just ten second sections)–where he is utterly incoherent, loses his train of thought, and can’t pronounce words.

I think (but who can tell?) Trump was trying to make anodyne points about Civil War heroism, ‘forging the nation’, and so on: typical politician boilerplate. But he couldn’t do it. Instead, he sounded like a seven year-old trying to make that speech (“Never fight uphill!”). Yes, it would be funny as hell if a seven year-old said this (and it’s the kind of thing you playfully mock someone about for decades), but no presidential candidate should ever speak like this. Like I noted at the beginning, if Biden did this routinely, there would be calls from both parties for his removal.

And this will only get worse as time goes on. Meanwhile, the NY Times and other papers simply will not cover the reality of Donald Trump’s publicly visible dementia (or some other comparable condition), even as they discussed Biden’s aging for months (not that the incompetent professional Democrats advising Biden did him any favors).

The only way for this to become a story is if powerful Democrats start referring to this–and this is where their age could be an asset, since they can talk about this without sounding mean (“As you get older, one thing you do worry about is your mental health, especially as you see people you’ve known for your entire life start to have real problems. And Donald Trump is having those problems.”)

The question is if they will do this.

Weekly Initial Unemployment Claims Unchanged at 212,000

The DOL reported:
In the week ending April 13, the advance figure for seasonally adjusted initial claims was 212,000, unchanged from the previous week's revised level. The previous week's level was revised up by 1,000 from 211,000 to 212,000. The 4-week moving average was 214,500, unchanged from the previous week's revised average. The previous week's average was revised up by 250 from 214,250 to 214,500.
emphasis added
The following graph shows the 4-week moving average of weekly claims since 1971.

Click on graph for larger image.

The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 214,500.

The previous week was revised up.

Weekly claims were lower than the consensus forecast.

Top Trading Cycles (TTC) and the 50th anniversary of the Journal of Mathematical Economics

 This year marks the 50th anniversary of the Journal of Mathematical Economics, and also of the Top Trading Cycles (TTC) algorithm that was introduced in Volume 1, number 1 of the journal, in the paper by

Shapley, Lloyd, and Herbert Scarf. "On cores and indivisibility." Journal of mathematical economics 1, no. 1 (1974): 23-37. 

TTC was further analyzed in 

Roth, Alvin E., and Andrew Postlewaite. "Weak versus strong domination in a market with indivisible goods." Journal of Mathematical Economics 4, no. 2 (1977): 131-137.

Now the JME is assembling a 50th anniversary collection of papers surveying some of the resulting literatures, with some papers posted online ahead of publication. Here's what they had as of yesterday, including an article on Top Trading Cycles, by Morrill and Roth, and one on Housing markets since Shapley and Scarf, by Afacan, Hu, and Li:

JME’s 50th Anniversary Literature  Edited by Andres Carvajal and Felix Kübler

  1. Top trading cycles

    In Press, Journal Pre-proof, Available online 16 April 2024
    Article 102984
    View PDF
  2. Bubble economics

    April 2024
    Article 102944
    View PDF
  3. Stable outcomes in simple cooperative games

    April 2024
    Article 102960
    View PDF
  4. Fifty years of mathematical growth theory: Classical topics and new trends

    April 2024
    Article 102966
    View PDF
  5. Housing markets since Shapley and Scarf

    April 2024
    Article 102967
    View PDF

##########

At least one of the papers in the (virtual) special issue is already published, I gather that some will be in the June issue:

Monday, March 4, 2024

Citigroup, Wall Street’s biggest loser, is at last on the up

Jane Fraser’s unexpected success

Do protests matter?

Only rarely:

Recent social movements stand out by their spontaneous nature and lack of stable leadership, raising doubts on their ability to generate political change. This article provides systematic evidence on the effects of protests on public opinion and political attitudes. Drawing on a database covering the quasi-universe of protests held in the United States, we identify 14 social movements that took place from 2017 to 2022, covering topics related to environmental protection, gender equality, gun control, immigration, national and international politics, and racial issues. We use Twitter data, Google search volumes, and high-frequency surveys to track the evolution of online interest, policy views, and vote intentions before and after the outset of each movement. Combining national-level event studies with difference-in-differences designs exploiting variation in local protest intensity, we find that protests generate substantial internet activity but have limited effects on political attitudes. Except for the Black Lives Matter protests following the death of George Floyd, which shifted views on racial discrimination and increased votes for the Democrats, we estimate precise null effects of protests on public opinion and electoral behavior.

That is from a new NBER working paper by Amory Gethin and Vincent Pons.

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Laura Mersini-Houghton: a quantum multiverse

Cosmologists understand what happened after the Big Bang. But what was our Universe before then? Enter the quantum multiverse

- by Aeon Video

Watch at Aeon

Can the IMF solve the poor world’s debt crisis?

The fund will freeze out China if that is what it takes to offer relief

What is ‘lived experience’?

The term is ubiquitous and double-edged. It is both a key source of authentic knowledge and a danger to true solidarity

- by Patrick J Casey

Read at Aeon

Frozen Russian assets will soon pay for Ukraine’s war

And America now hopes to convince others to make better use of the stash

Why the stockmarket is disappearing

Large companies such as ByteDance, OpenAI and Stripe are staying private

Seeing Policy as Control

Control and Power Continues To Be at the Forefront of Politicians’ True Agendas

It turns out — once again — that we apparently care more about control than about the actual substance of our disputes.

Whether we see it in the constant testing in Congress or in the courtroom hosting the Donald Trump trial, in international diplomacy or even within institutions like NPR — all of which present very different challenges — the common factor is a desire to control power and image even more than deal with the substantive issues prompting the current issues.

In Congress, the issue of supporting military and humanitarian aid for Ukraine, Israel and Taiwan has turned again, inevitably, into a power struggle between Republican hard-liners and Speaker Mike Johnson, a hard-liner himself who somehow recognizes that resolution of these matters may require working with Democrats in the next few days.

Doing so, as Johnson has done twice over his most right-wing cohorts, may prompt a no-confidence vote in his speakership.  While Johnson has not been a brilliant House Speaker, a vote to vacate Johnson’s ability to keep the job will catapult the Congress into another political freefall that will mean the institution cannot officially act.

We’re watching as Republicans turn increasingly to Trump to tell the House what to do, and then as Trump tells it to take simultaneously contradictory stands. The vote on foreign aid was being held up because there was no agreement on an immigration bill; the immigration bill was ordered killed because it might make President Joe Biden, who had bowed to most Republican demands, look as if he is acting to solve border issues.  The Speaker went to Mar-a-Lago to receive an apparent Trump blessing, even as Trump allies in the House were calling for Johnson’s ouster.

None of it seems really to be about the issues at hand. Rather they seem to concern who’s calling the shots — something that most voters don’t care about.

Redefining Conflict as Control

Because there are technical deadlines and because Iran chose to send 300 drones to swarm attack Israel, there likely will be a vote on one of several plans that Johnson has been trying, even if futilely, to line up for his House Republican House majority. When one version passes, it will be as the result of support of Democrats.

And there’s the political rub. Our insistence on winning means throwing out bipartisanship even if there are enough points of agreement to look like movement towards resolution of an issue.

Months before the November election, the dominant theme is about twisting facts, arguments, visions of the country, even democracy itself to match the power of who controls rather than what we’re seeking from our government.

The control issue is at play daily now in the Manhattan courtroom where prosecutors will try 34 felony counts against Trump. The reported dramas this week have mostly centered around various procedural matters that are covered not as legal matters, but of whether Trump or Judge Juan Merchan is in control of courtroom demeanor, scheduling, and the rules for drafting jurors. Trump prefers to see all his court cases as a personal struggle with Biden, as if it is Biden who created and pushes a New York district attorney office and multiple grand juries.

Internationally, whether and how Israel retaliates for the Iranian attack, is being depicted as a control match between Israeli Prime Minister Benjamin Netanyahu and Biden — and other Western leaders. The closer truth may be that Netanyahu is overly tied to his own right-wing political coalition that defies international calls for less hawkish war plans.

Even at NPR, where a single editor has gone public with complaints about his perceptions of political tinge in programming, the issue finally being embraced is less about the programming and more about whether the individual or management is in control over public statements about the network.

Human Need for Control

We have an innate tendency to translate public policy issues into personality conflicts. Maybe it is our need to simply complexities or balancing into understandable personal contests.

The bigger truths behind most of these is that they defy definition as personality clashes.

A 2010 National Institutes of Health article notes that “belief in one’s ability to exert control over the environment and to produce desired results is essential for an individual’s well-being. It has been repeatedly argued that the perception of control is not only desirable, but it is likely a psychological and biological necessity.”

Whether the Speaker is named Johnson, Kevin McCarthy, John Boehner, or Paul Ryan, we’ve watched this very same struggle from the right-wing back bench play out before. It is about a perceived sense of control.

Similarly, we’ve seen the same in most venues where Trump’s obsessive sense of dominance conflicts with procedural rules or traditions, just as we have seen wars and clashes international or local bypass the public relations requirements of figureheads.

The perception of control issues as dominant is most annoying because it gets in the way of exploring solutions.


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My excellent Conversation with Peter Thiel

Here is the audio, video, and transcript, along with almost thirty minutes of audience questions, filmed in Miami.  Here is the episode summary:

Tyler and Peter Thiel dive deep into the complexities of political theology, including why it’s a concept we still need today, why Peter’s against Calvinism (and rationalism), whether the Old Testament should lead us to be woke, why Carl Schmitt is enjoying a resurgence, whether we’re entering a new age of millenarian thought, the one existential risk Peter thinks we’re overlooking, why everyone just muddling through leads to disaster, the role of the katechon, the political vision in Shakespeare, how AI will affect the influence of wordcels, Straussian messages in the Bible, what worries Peter about Miami, and more.

Here is an excerpt:

COWEN: Let’s say you’re trying to track the probability that the Western world and its allies somehow muddle through, and just keep on muddling through. What variable or variables do you look at to try to track or estimate that? What do you watch?

THIEL: Well, I don’t think it’s a really empirical question. If you could convince me that it was empirical, and you’d say, “These are the variables we should pay attention to” — if I agreed with that frame, you’ve already won half the argument. It’d be like variables . . . Well, the sun has risen and set every day, so it’ll probably keep doing that, so we shouldn’t worry. Or the planet has always muddled through, so Greta’s wrong, and we shouldn’t really pay attention to her. I’m sympathetic to not paying attention to her, but I don’t think this is a great argument.

Of course, if we think about the globalization project of the post–Cold War period where, in some sense, globalization just happens, there’s going to be more movement of goods and people and ideas and money, and we’re going to become this more peaceful, better-integrated world. You don’t need to sweat the details. We’re just going to muddle through.

Then, in my telling, there were a lot of things around that story that went very haywire. One simple version is, the US-China thing hasn’t quite worked the way Fukuyama and all these people envisioned it back in 1989. I think one could have figured this out much earlier if we had not been told, “You’re just going to muddle through.” The alarm bells would’ve gone off much sooner.

Maybe globalization is leading towards a neoliberal paradise. Maybe it’s leading to the totalitarian state of the Antichrist. Let’s say it’s not a very empirical argument, but if someone like you didn’t ask questions about muddling through, I’d be so much — like an optimistic boomer libertarian like you stop asking questions about muddling through, I’d be so much more assured, so much more hopeful.

COWEN: Are you saying it’s ultimately a metaphysical question rather than an empirical question?

THIEL: I don’t think it’s metaphysical, but it’s somewhat analytic.

COWEN: And moral, even. You’re laying down some duty by talking about muddling through.

THIEL: Well, it does tie into all these bigger questions. I don’t think that if we had a one-world state, this would automatically be for the best. I’m not sure that if we do a classical liberal or libertarian intuition on this, it would be maybe the absolute power that a one-world state would corrupt absolutely. I don’t think the libertarians were critical enough of it the last 20 or 30 years, so there was some way they didn’t believe their own theories. They didn’t connect things enough. I don’t know if I’d say that’s a moral failure, but there was some failure of the imagination.

COWEN: This multi-pronged skepticism about muddling through — would you say that’s your actual real political theology if we got into the bottom of this now?

THIEL: Whenever people think you can just muddle through, you’re probably set up for some kind of disaster. That’s fair. It’s not as positive as an agenda, but I always think . . .

One of my chapters in the Zero to One book was, “You are not a lottery ticket.” The basic advice is, if you’re an investor and you can just think, “Okay, I’m just muddling through as an investor here. I have no idea what to invest in. There are all these people. I can’t pay attention to any of them. I’m just going to write checks to everyone, make them go away. I’m just going to set up a desk somewhere here on South Beach, and I’m going to give a check to everyone who comes up to the desk, or not everybody. It’s just some writing lottery tickets.”

That’s just a formula for losing all your money. The place where I react so violently to the muddling through — again, we’re just not thinking. It can be Calvinist. It can be rationalist. It’s anti-intellectual. It’s not thinking about things.

Interesting throughout, definitely recommended.  You may recall that the very first CWT episode (2015!) was with Peter, that is here.

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Thursday: Unemployment Claims, Philly Fed Mfg, Existing Home Sales

Mortgage Rates Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 217 thousand initial claims, up from 211 thousand last week.

• Also at 8:30 AM, the Philly Fed manufacturing survey for April. The consensus is for a reading of 0.0, down from 3.2.

• At 10:00 AM, Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for 4.20 million SAAR, down from 4.38 million.

Diamonds in the Sky

Diamonds in the Sky Diamonds in the Sky


Flooding Concerns in Puerto Rico; Thunderstorms Across the Southeast U.S.