Gongol.com Archives: 2018 Weekly Archives
March 2, 2018
The President fires off a rant against Alec Baldwin, for no sensible reason. He makes a choice, every day, to behave this way. To make these his priorities. To pick these fights. This is a choice.
A global trade war isn't "easy" to win
"Trade war" isn't even good nomenclature. "War" conveys an impression of an event with a winner and a loser. But, on net, everyone loses in a trade war. It's more like mutually-assured destruction. The President may rant and rave in capital letters about his outdated notions of what makes an economy, but trade protectionism is the helicopter parenting of economics. Moreover, with the economic damage being intentionally done via stupid tariff policies and trade restrictions, worse things may happen even faster. Federal deficits are soon to eclipse the annual GDP, and a hobbled economy produces smaller tax revenues.
The cyberwarfare threat is real. Our response isn't.
Asks Senator Ben Sasse: "Why should the American people have any confidence in their government right now in the area of cyberwar?" A good and urgent question, indeed.
"If you're so smart, why aren't you rich?"
In a computer simulation that closely resembles the distribution of wealth in the real world, "[T]he wealthiest individuals are not the most talented (although they must have a certain level of talent). They are the luckiest." If this is an accurate representation of how talent is rewarded in the real world, then it has really substantial implications for how we choose to remunerate talent (and otherwise compensate it without money, but with things like social esteem). It echoes a comment from Bill Gates: "I am always fascinated by the question of whether the most talented people end up in critical positions -- in politics, business, academia, or the military. It's amazing the way some people develop during their lives." Most likely, there is a great deal of the ultimate outcomes in wealth that is shaped by choices that people make early in their lives -- when pure talent and intelligence don't necessarily determine the quality of decision-making, since they're not informed by wisdom and experience. Getting set in the right direction early on -- often by luck of finding something like an industry on the rise -- might explain much of the outcome. And in that case, it certainly speaks volumes to the impact of family members and other trusted elders who may guide their younger counterparts to the right places at the right times, before they can make informed decisions for themselves.
According to NBC News: "Some top Qatari government officials believe the White House's position on the blockade may have been a form of retaliation driven by Kushner who was sour about the failed deal" to bail out one of his family's investment properties. If personal financial interests are influencing Federal government policy at the very top, that's an inexcusable threat to the idea of good government.
Facebook axes the "Explore Feed"
They had tried to separate institutional and personal news from one another, but users didn't like it or use it. So now everything is back together, but with the supposed emphasis on "family and friends"-type content.
The President's plans for massive tariffs on steel and aluminum imports appear to have been a completely impulsive declaration made without any serious forethought or planning. There is much to be disturbed by the fact that he, after more than a year in office, still does not understand the fact he needs to show more discipline than the average adult. That's just basic comprehension of the role.
March 1, 2018
Chinese investment in Finnish infrastructure?
China Daily reports on a speculative project to build a giant tunnel under the Baltic, to link Helsinki with Tallinn, with the backing of "unnamed Chinese investors". And they're talking about building a railway between Helsinki and a northern Norwegian port city -- so China can have access through the (warming) Arctic Ocean to European markets, instead of traversing the Suez Canal. This is what happens when the United States dithers while China is flush with cash and ambition.
The FBI is investigating what went on behind the scenes of a licensing deal that slapped the Trump name on a building in Vancouver just after the President took office. It was a deal that apparently centered on Ivanka Trump's work -- and it is well past time that Americans know whether she's working for the family business or for the government. There's no room for one of the President's closest advisers to have one foot in the Oval Office and another in financial interests that are influenced by that work. There must be an arm's-length separation of the two -- without that separation, there must be an assumption of bad faith on the part of the people who choose not to separate the interests. If Ivanka Trump is not exclusively working for the people of the United States, then she has no business in the ambiguous roles she occupies.
Absurdism masquerading as economic policy: Steel and aluminum tariffs
The President appears to have sprung the idea of massive tariffs as a surprise on just about everyone. They're a terrible idea.
Facebook says it had to "nudge" kids in the 8-to-13 age range to use its Facebook Messenger Kids tool. One wonders: What's so good (for the kids) about trying so hard to get them to use their electronics? It's obvious what's in it for Facebook.
Run, do not walk, away from state-secession plans
There are vital interests of highly adversarial people that are served when Americans turn on one another
The Wrigley Building is up for sale
If you have a spare $200 million and an interest in prime Chicago real estate, it might be up your alley
Sweden has a problem with gangs using hand grenades
Thanks to certain loopholes in the law, they're a weapon of choice for some bad guys
Kearney Archway turns a profit -- at long last
The $60 million monument across Interstate 80 in Kearney, Nebraska, has gone a long, long time without turning a profit. It's actually quite a nice museum and well worth a visit for anyone in the area or passing through, but it's also a cautionary tale in the hazards of feasibility studies. It's easy to cook the numbers when they're purely speculative to come up with something that balances the books.