Remember: Just because an idea is old doesn't mean it's good.
More from Noah Smith
We appear to have some big problems.
2/Trump has a bunch of businesses that lose money. Our financial system has lent him money to throw into unsuccessful golf courses, hotels, and so
3/A lot of these loans are loans that Trump hasn't even paid back yet, using loopholes in the tax system to avoid paying taxes on those unpaid debts.
Why would creditors give money to a guy who wastes the money on bad businesses and doesn't even pay them back?
4/One seemingly obvious answer is that capital is just really cheap these days. Companies are able to borrow more easily than at any time in the last few decades.
5/But this presents us with a mystery.
Why hasn't an abundance of cheap capital caused the return on financial capital to fall? Interest rates are low, but stock returns have held up strongly.
This is an excellent, short, highly readable, very important book. Every business executive and politician should have a copy.
Why are skilled immigrants so good, and so important?
Because they're the backbone of high-value industries where the U.S. has a dominant position.
If we don't bring skilled immigrants to the United States, high-value industries will migrate to other countries, and America will lose industrial dominance and be a poorer country.
Contrary to popular belief, skilled immigrants - including H-1b workers - RAISE wages for native-born skilled workers.
Because downward wage pressure from competition is more than canceled out by the upward wage pressure from CLUSTERING.
One thing I've been noticing about responses to today's column is that many people still don't get how strong the forces behind regional divergence are, and how hard to reverse 1/ https://t.co/Ft2aH1NcQt— Paul Krugman (@paulkrugman) November 20, 2018
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote:
Today and tomorrow we'll be having a Bloomberg Ideas event!— Noah Smith (@Noahpinion) October 25, 2018
Today will be a panel on cryptocurrency.
Tomorrow will be panels on the economics of AI, and on regulation of big tech companies.
You can watch livestreams here:https://t.co/1dC0ELGvabhttps://t.co/Juz5Mp2EC1 pic.twitter.com/VfxOscNflo
Our first panel is about cryptocurrency! We have @matt_levine, @tylercowen, @eiaine, @nirkaissar, and Camilla
Ou: Crypto will be useful for the unbanked.
Cowen: Crypto has to compete against a bunch of other emerging payments technologies. Bitcoin is too inflexible.
Cowen: I'll bet on the payments companies over crypto.
Secretary of State Mike Pompeo said the U.S. is quickly approaching \u201ca moment of crisis\u201d because of the \u201crecord number of migrants\u201d spilling into the country https://t.co/QuiWPcXswA— POLITICO (@politico) October 20, 2018
More from Society
There is a misunderstanding of the difference between the response in much of the West, versus successful countries (including New Zealand and Australia).
1.Reactive versus proactive and goal oriented.
2.Mitigation (slowing transmission) versus elimination (stopping transmission)
3.Gradually responding to increasing levels of infection by imposing greater restrictions which enables the infection rate to grow (red zone strategy), …
versus starting with high restrictions to arrest transmission and relaxing restrictions only when the number of new cases is so low that contact tracing or localized short term action can stop community transmission (green zone strategy, including localized "fire fighting").
4.Trying to keep economic activity and travel as open as possible but perpetuating the economic harm and imposing yoyo restrictions, versus making an initial sacrifice of economic activity and travel in order to benefit from the rapid restoration of normal economic activity.
5.Focusing attention on few individuals resistant to social action because of shortsightedness or selfishness, versus recognizing the vast majority do the right thing if given clear guidance and support, which is what matters for success, as elimination is a robust strategy.
I was standing outside, waiting for a lyft to get home, when two cis men came out of the bar to smoke cigarettes. They're discussing the masks that folks are wearing in California at the moment because of the very dangerous air pollution from the fires happening.
I happen to be wearing one of those masks, because I think lungs are important and I like breathing. I dunno. One of the men notices me standing there, and says, "Like this f*cker right here. What is this shit?"
He goes on a homophobic rant about me, the pansy with a mask, and what a Very Manly Man he is because he's not afraid to smoke a pack of cigarettes while California is on fire. He doesn't need a mask, because something-something-heterosexual-something.
And part of me is just... impressed by the fact that this dude thinks he's Owning The Gay Libs by not wearing a mask to protect his lungs from smoke and particles in the air that are literally DANGEROUS... while chain-smoking. Outside of a bar.
Are you interested in relocating to Canada and don't know where to start from? No worries, this tweet is for you.
A THREAD! 👇
I was supposed to make this post before now but I had to do extensive research and verify its authenticity before posting.
Stay with me...
One of the reoccurring topics in Nigeria today is how to ‘Japa’ (Move away) from Nigeria.
The question that comes to mind are:
> How do I go about it?
>What is the process like?
>Is there a seamless way to go about it?
First thing you must know is that from 2021 to 2023, Canada will welcome more than one million new immigrants! Yayyy!!! Good news abi??
I really do not blame anyone who decide to ‘japa’...
Do you know the benefits that accrues to one becoming a permanent resident in Canada?
Let me share them with you.
1. You can live and work anywhere in Canada. Yeah! Anywhere. Permanent Residents are not tied to a specific employer or a specific province...
The immigration bill text is out!— Nicole Narea (@nicolenarea) February 18, 2021
Senate version: https://t.co/aJUmtVW6Ir
House version: https://t.co/JMKjQaDi04
Excuse me while I go at this with a highlighter.
First the Bill makes a series of promises changes to the way we talk about immigrants and immigration law.
Gone would be the term "alien" and in its place is "noncitizen."
Also gone would be the term "alienage," replaced with "noncitizenship."
Now we get to the "earned path to citizenship" for all undocumented immigrants present in the United States on January 1, 2021.
Under this bill, anyone who satisfies the eligibility criteria for a new "lawful prospective immigrant status" can come out of the shadows.
So, what are the eligibility criteria for becoming a "lawful prospective immigrant status"? Those are in a new INA 245G and include:
- Payment of the appropriate fees
- Continuous presence after January 1, 2021
- Not having certain criminal record (but there's a waiver)
After a person has been in "lawful prospective immigrant status" for at least 5 years, they can apply for a green card, so long as they still pass background checks and have paid back any taxes they are required to do so by law.
However! Some groups don't have to wait 5 years.
While this will likely to be the case, this should not be an automatic cause for concern. Cases could still remain contained.
Here's how: 🧵
One of @CDCgov's own models has tracked the true decline in cases quite accurately thus far.
Their projection shows that the B.1.1.7 variant will become the dominant variant in March. But interestingly... there's no fourth wave. Cases simply level out:
Just because a variant becomes the dominant strain does not automatically mean we will see a repeat of Fall 2020.
Let's look at UK and South Africa, where cases have been falling for the past month, in unison with the US (albeit with tougher restrictions):
Furthermore, the claim that the "variant is doubling every 10 days" is false. It's the *proportion of the variant* that is doubling every 10 days.
If overall prevalence drops during the studied time period, the true doubling time of the variant is actually much longer 10 days.
Day 0: 10 variant / 100 cases -> 10% variant
Day 10: 15 variant / 75 cases -> 20% variant
Day 20: 20 variant / 50 cases -> 40% variant
1) Proportion of variant doubles every 10 days
2) Doubling time of variant is actually 20 days
3) Total cases still drop by 50%
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Below a list of business/product ideas I had or read about.
They are worthless if they remain ideas and if you don't overcome the challenges in building them, so feel free to copy / tweak / implement them!
Better: use one and make a MVP during the #24hrstartup challenge!
😻 Product Hunt Time
A clock that displays the time it is @ProductHunt
Also displays what you should do and where you should post, at each specific time during your launch
🚧 IndieCrunch - VC free tech news
Techcrunch but only for bootstrapped companies
🎧 Kickstarter for audiobooks
A lot of awesome books are not available as audio.
Crowdfund the money to buy the audio rights + a voice actor
2) 2 Weeks ago, my dog was effected by it as well. He is hearing things that aren’t technically audible. I can tell by his body language and sounds. One week ago I began feeling a pressure in my head and ears. It wasn’t painful at all, but it was intense for a bit.
3) It reminded me of taking off in an airplane a bit. I felt like I was in a vacuum. It went on and off for a couple of days. I’ve picked up on frequencies and high pitched sounds (not audible to most) for 30 years, and today my right ear began to ring for longer than usual.
4) This is nothing unusual for me, with exception of the duration. This happens often with me. No, it’s not tinnitus. Only this time, when I spoke, there was reverb creating a high pitch in my ear from my voice. This lasted for about 30 minutes. It did not hurt, just annoying.
5) So yes, the frequencies are changing. What this means exactly, I am unsure of at the moment. Some will say electromagnetic fields, others will say ascension, and some will say pole shift. I honestly can’t say at this very moment.
2. Why am I compelled to speak? How am I free to speak? The answer is in the federal Values and Ethics Code of Coduct (VECC).
3. It can be career-limiting to criticize government policy when you work for government. Duty of Loyalty is very, very important. However, as VECC makes clear, it is not absolute. In fact SCoC has ruled twice in favour of citizen free speech as a higher ideal. In 1985 and 2001.
4. I am therefore perfectly comfortable showing you the scary things that are happening in the North under a warming climate. A failure to meet global GHG emissions targets is hurting Canada's forests in a way we used to think wouldn't happen for decades.
5. Warming temperatures and rising [CO2] could, in theory, help green the planet with more vigorous tree growth. But that's not what's happening. Don't believe the #greenwash. The positive effects are over and it is warm enough that we are now starting the into the negative.
In the 1990s, a maverick breast surgeon at @TataMemorial (fresh from his return from the UK) stepped up to do research. Now, to understand the situation, you should go back 30 years, when research was not as big as it is now, and certainly not from surgeons.
Surgeons, and especially cancer surgeons, were renowned for their technical prowess, and their sheer bravado – "wherever the cancer, however advanced, I will take it out". So, our surgeon-researcher was ridiculed for even attempting clinical research
For a surgeon, he couldn’t have chosen a worse topic to research on: early detection; nothing to do with surgery, or even treatment. Remember, this was the 1990s. Cowboy surgery was celebrated, and research ridiculed
Being a breast surgeon, he was troubled with women consistently coming with advanced cancers, and he set out to see if he could work on picking them up at an earlier stage. But community-based early detection needs money, and he just didn’t have it.
Funny there are those who think these migrant caravans were a FANTASTIC idea that's going to take the immigration issue away from you.— Brian Cates (@drawandstrike) November 26, 2018
Like several weeks watching a rampaging horde storm the fences & throw rocks at our border patrol agents & getting gassed = great optics!
This media manipulation effort was inspired by the success of the "kids in cages" freakout, a 100% Stalinist propaganda drive that required people to forget about Obama putting migrant children in cells. It worked, so now they want pics of Trump "gassing children on the border."
There's a heavy air of Pallywood around the whole thing as well. If the Palestinians can stage huge theatrical performances of victimhood with the willing cooperation of Western media, why shouldn't the migrant caravan organizers expect the same?
It's business as usual for Anarchy, Inc. - the worldwide shredding of national sovereignty to increase the power of transnational organizations and left-wing ideology. Many in the media are true believers. Others just cannot resist the narrative of "change" and "social justice."
The product sold by Anarchy, Inc. is victimhood. It always boils down to the same formula: once the existing order can be painted as oppressors and children as their victims, chaos wins and order loses. Look at the lefties shrieking in unison about "Trump gassing children" today.