Gongol.com Archives: 2018 Weekly Archives
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Movie columnist Richard Roeper, exposed in a recent news report as one of the celebrities who purchased fake Twitter followers, has reached an agreement with the Chicago Sun-Times (his employer) to delete his old Twitter account and start over. Roeper's statement includes the line "On a number of occasions, in an effort to build my brand, I bought Twitter followers." The rules of the game are pretty fuzzy right now: Media outlets want "brand-name" presenters, hosts, columnists, and even journalists -- but the whole idea of "building a personal brand" is largely in conflict with the idea of institutional standards in journalism. Buying fake Twitter followers is a pretty sketchy thing to do, but when the reward structure inside conventional media puts a premium on digital reach, individual journalists are probably going to try it. There aren't a whole lot of clean hands in the commodity-clicks universe.
Sen. John McCain's statement today is perfect: "The latest attacks on the FBI and Department of Justice serve no American interests -- no party's, no president's, only Putin's. The American people deserve to know all of the facts surrounding Russia's ongoing efforts to subvert our democracy, which is why Special Counsel Mueller's investigation must proceed unimpeded. Our nation's elected officials, including the president, must stop looking at this investigation through the warped lens of politics and manufacturing partisan sideshows. If we continue to undermine our own rule of law, we are doing Putin's job for him." Just because people don't understand the actions being taken against us doesn't mean they're not real. Just because we don't want to believe that we're susceptible to attack via means ranging from influence campaigns to cyberwarfare doesn't mean we're invincible. And just because it's easy to fall into a divisive and tribalistic culture of internal division doesn't mean we can sustain a republic that way. We need vigorous and intelligent debate, far-sighted approaches to big problems, and a sense that we can be of different opinions without being enemies of our fellow Americans. It's an offense against the republic that the President terrorizes law enforcement from his bully pulpit because of his own selfishness. And with members of Congress acting as accomplices through the release of a memo that the FBI asked them not to, we have a lot of people showing the moral backbone of jellyfish.
The head of China's Xinhua news agency is shown meeting with the prime minister of Laos to discuss "media cooperation". As Ely Ratner of the Council on Foreign Relations notes, "China exporting illiberalism and censorship in Asia. Expect much more 'media cooperation' under Belt and Road." If we're not a part of what's happening in the Asia-Pacific region, we shouldn't expect liberty and freedom to fill the void -- not with China's present leadership and the incentive structures they face. As Lee Kwan Yew of Singapore used to say, "To achieve the modernization of China, her Communist leaders are prepared to try all and every method, except for democracy with one person and one vote in a multi-party system."
It's a pretty dramatic decline, and a reminder that the stock market isn't the economy and the economy isn't the stock market. A one-day decline of 2% isn't sustainable and rarely reflects more than the animal spirits taking over the market. But in fairness, the stock market has been overpriced for a while, according to any conventional and rational sense of valuation.
Mark Zuckerberg, on a quarterly call with stock analysts: "We don't want to assess by ourselves which sources are trustworthy. I think that's not a situation that or a position that we're comfortable with ourselves." It's rather like Zuckerberg has never met anyone outside his immediate psychographic profile. This "wisdom of crowds"/techno-utopian mindset has to go.
Bank must replace four directors and hold its assets at the same level as punishment for the unauthorized-accounts scandal
5.4% GDP growth would be fantastic, but there's no way to call it realistic. The fundamental underpinnings to support sustained growth at that rate aren't there.
Iowa added lots in 2017, but Oklahoma added more. Now it's Texas in first, Oklahoma in second, and Iowa in third. Texas is way out in front.
In an interesting historical footnote, Des Moines was once the home to Look Magazine, which was intended to be a rival to Life Magazine. Life is long-gone, but its name lingers as part of the direct-mail media company.
It's on an annualized rate, so the figure itself isn't big. But the stock market isn't the economy, and the economy isn't the stock market. Stagnant or declining productivity is not a good bellwether for economic strength, no matter what the S&P 500 is doing. The economy and the stock market have been on totally different paths since 2008 -- the economy fell by something around 5%, and has subsequently grown by a total of maybe 20%. The stock market, by contrast, plunged by 50%, and has since doubled.
That's what Mike Pompeo says. Any contact of that type taking place right now has to be executed with the highest sensitivity to even the appearance of impropriety.
The Daily Beast says the "grassroots" media organization is an offshoot of RT. Programming ought to be accompanied by an NPR-style sponsorship liner: "Support for this program is provided by...parties who would rather remain nameless, but whose interests coincide with sowing the maximum possible division within Western societies."
Briefly hinted at the State of the Union, a giant proposal that ought to have some attention. $1.5 trillion is around $4,600 per American. We probably need to spend that much (or more) on a wide range of infrastructure projects, but the needs range widely and call for a lot of technocratic judgment. Saying you'll spend $1.5 trillion on infrastructure is like saying you're going to lose 100 lbs. The admission means you probably need to do it, but it matters a great deal whether you're really changing your lifestyle or just banking it all on a two-week juice cleanse. Low interest rates today are a stupendous incentive to borrow for the long term on work that would have lasting value, but whenever "infrastructure" projects are done as a means of putting people to work, the work that is done may not be an efficient use of the capital.
At the Congressional baseball game, and again at the train crash en route to the Republican retreat. It is tragic that one person should have encountered circumstances like that twice in such a short time, but good for him for being prepared to do good things.
A Pew research piece says that 31.9% of American adults live in households containing an adult who isn't the head of household, a spouse or partner, or an adult child of roughly ordinary college age. Of note: "Today, 14% of adults living in someone else's household are a parent of the household head, up from 7% in 1995."
Your country, perhaps. But your government, never.
A tool to provide virtual presence. The low-wage, low-skill, technology-enabled job of the future is...Larry Middleman from "Arrested Development"?
That's some very serious trolling, naming a military group after a national capital of a former satellite state
Buried lead in this story: Someone has tried to bring an emotional-support spider on board an airplane somewhere.
Isn't there some non-toxic, non-staining, extremely bitter flavor additive that could be added to the external gel of these laundry packs? Wouldn't that be the logical step for Tide and others to take? There were more than 10,000 incidents reported to poison-control centers last year involving children ages 5 and under. As a convenience, laundry packs have tremendous merit. But if there's a reasonable way the manufacturers could offset the hazard of ingestion (whether intentional or accidental), then it's worth asking what stands in the way. All of the buzz is about teenagers consuming them intentionally, but that's happened around 100 times this year -- whereas accidental ingestion by little people happens orders of magnitude more often.
There's no way to make that make sense
Axios reports that there have been internal debates within the Trump administration about the idea of nationalizing the 5G wireless infrastructure. It appears to be part of an internal discussion among national-security team members, who frame the need to get away from dependence on increasingly dominant Chinese suppliers of 5G technology as a matter of national security.
Warren Buffett's axiom applies today, when the World Economic Forum review of global risks rates virtually no concerns over economic conditions.
File under: It's about time. Everyone knows that tastes and mores change over time, and sometimes that requires adjusting our present-day reality to match the changes. Does it mean some cultural icons might get sacrificed along the way? Sure. But anyone who is more attached to the rendering of a mascot of a baseball team than to scrubbing pretty blatant racism from the present really ought to adjust their understanding of what's important. We should be happy to take a path toward getting better about how we treat one another.