BC BUSINESS
Saved by @Mollyycolllinss

After thinking on it over the weekend, I have a couple of thoughts about this panel (both a bit negative + a tad contrarian it seems, though maybe just among the 6 panelists):

 1. A constant refrain I hear from public opinion researchers is that the public wants (& practitioners should focus on) public opinion polling on policy & political 'issues', not election / candidate polling
The argument is reminiscent of anti-fast food dietary rhetoric. People should / do want issue polls because this is the 'healthy' way to engage in public opinion as opposed to the "guilty pleasure" of election polling
I think people are drawn to election polling because who ends up being an elected official is insanely consequential to the lives of many Americans. Political leaders also help "determine" the ideological focus of our politics, especially among co-partisans
It makes sense that researchers love "issue polling". We are really deeply interested in politics and what the public thinks and it's repercussions on politics. It also adds important extra dimensions to our work, especially when elections aren't ongoing.
I'm surprised the panelists didn't think that a recent conservative bias in election polling somehow wouldn't imply that estimates of issue opinion have similar (or even worse) biases. Correlational and experimental studies shouldn't be immune either just because of randomization
Election polling is one of the few times in public opinion research when we are asked to measure a clear and easily validated construct and should be an important criterion for understanding the public (though it of course can be easily manipulated and gamed, see Goodhart's Law)
2. Should we be positive about the future of public opinion research? Maybe? I'm a bit indifferent here. On the one hand, I'm sure if you asked this panel the same question about 2016 in the run-up to 2020 I'm sure they would be similarly positive. It's important to be realistic
On the other hand, we've never had better tooling to analyze survey data. @doug_rivers & team has been at the forefront of pushing the modern statistical toolkit & others have followed, but too much of the work being done has been decidedly uncreative
Academic work may be promising but their timelines & incentive structures don't seem to align on some of these core problems. I have a strong sense of what the future should look like here, but I've grown pessimistic about who will drive this innovation in the public sphere
Anyways, thanks @RoperCenter for the engaging discussion & the panelists for their wisdom. We get better when we work and talk together. Here's to finding those solutions :)

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Cory Doctorow #BLM
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While many Amazon warehouse workers in Europe have unionized, its brutalized, underpaid, routinely maimed US workforce remains tragically unorganized, thanks to the US's weak labor laws that make forming a union far harder than at any time since the Gilded Age.

1/


But all that may be about to change: 6000 warehouse workers in #BHM1, the massive Amazon warehouse in Bessemer, AL, will vote next month on a push to unionize under the

Amazon, like other tech giants, is absolutely reliant on building and maintaining a competitive advantage by exploiting technology to drive wages ever downward while ducking responsibility for harming workers.

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Big Tech is pants-wettingly afraid of unionization, and that goes double for any solidarity between high-paid tech workers and misclassified/outsourced warehouse workers and other "unskilled" laborers.

4/

Amazon has gone so far as to hire the Pinkertons, renowned as some of history's most violent anti-worker terrorists, to bust unionization drives in its
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Nick Huber
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@sweatystartup
There is a lot of bad advice floating around online when it comes to real estate investing.

Time for a stiff drink and some stuff you might not want to hear.

A thread 👇

Most real estate influencers spend 99% of their time trying to sound smart.

They purposely make things too complicated.

When you do this for a while you can tell if a property is worth buying with a napkin and 30 seconds.

The problem with being a big real estate PE firm:

You need to do good deals year after year and deploy 10s or 100s of millions in capital.

It’s a hamster wheel making others wealthy.

The advantage of being you:

One building like this can change your life.


Buying real estate that doesn’t cashflow well because values have risen 10% / yr for 10 yrs while wages have risen 3% / yr for 10 yrs is very risky.

I don’t care how long your interest rate is “fixed” for.

Markets are cyclical. Trends change. Bankruptcy is real.

If you don’t know anyone with money and you have less than $250k of your own cash real estate isn’t the best way to make money.

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P. S The list is not exhaustive.

1) PSG unbundled it's 28.1% ownership of Capitec.

2) MTN sold a minority stake in Jumia Technologies for R2.3-billion.

3) Dischem has completed the acquisition of Medicare Health for R282million

4) TFG bought 381 Jet stores from Edcon for R480m.

5) Capitec entered into a partnership with SA Home Loans to offer home loans.

6) Food Lover’s Market has started closing outlets in Zambia.

7) Sasol sold 50% of the "base chemicals division" at Lake Charles which equates to ~25% of total Lake Charles project. Sasol will still retain around ~75% of the total Lake Charles Chemical Project.

8) Sasol agreed to sell its 50% stake in Gemini for R6.2bn.

9) Tongaat Hulett sold its starch and glucose business to Barloworld for R5.26bn. The group has used R4.64bn of this to pay down debt.

10) The Competition Commission approved Nimble Fund 1’s intention to acquire Edcon Book Debts.

11) Greg Maloka has decided to resign from Kaya.

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Nick Huber
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The wealthiest person I know prints millions out of thin air in the real estate business.

This is what he does...

A thread.

He finds a distressed retail plaza. Let's say 50% of the space isn't leased.

On a 300,000 sf plaza that might mean 150k square feet is vacant.

If asking rent is $8 per square foot per year, that means the building has a "potential revenue" figure of of $2.4MM.

So in this retail center 50% is leased and 50% is vacant. So the actual revenue, right now, is $1.2MM.

Most retail leases are whats called "Triple Net" or "NNN". This means the tenant pays the taxes, insurance, maintenance and CAM (common area maintenance).

They basically pay all of the landlord's expenses (except debt service on any loans he/she has, of course).

Commercial properties are valued based on something called a "cap rate".

The equation is:

net operating income / (cap rate) = value

The cap rate is a %.

Think about it as the return on your money, annually, as a percentage, you spent to buy a property.
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Make them irrelevant > Hold a grudge

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I just finished Eric Adler's The Battle of the Classics, and wanted to say something about Joel Christiansen's review linked below. I am not sure what motivates the review (I speculate a bit below), but it gives a very misleading impression of the book. 1/x


The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x

Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x

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