There have been a smattering of wealth inequality/economics articles lately: THREE GREAT ARTICLES ON POVERTY, AND WHY I DISAGREE WITH ALL OF THEM Economics Has Failed America Scott goes on about the unrealistic expectations of trying to teach everyone high-IQ skills, when biology imposes barriers to such hopes: The QZ article warns that it might… Continue reading Jobs, Basic Income, Post Scarcity, and all that Jazz
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Nassim Nicholas Taleb: Thin-Skin In The Game
The Talebian One himself, Nassim Nicholas Taleb, whom I have written about at length on this blog, has a new book, “Skin in the Game”, which he has been promoting on Twitter. This is not a review of the book; rather, it’s a review of his broader ideas and character. The problems with Taleb are… Continue reading Nassim Nicholas Taleb: Thin-Skin In The Game
Theranos: The Cards Fall
With recent news of Theranos voiding test results, and other revelations, there is now a definite possibility Theranos has been mortally wounded and that my earlier optimism may have been misplaced. But now even accusations of ‘fraud’ are being thrown around, and I think that’s where the line needs to be drawn. From zr0h3dge: http://www.zerohedge.com/news/2016-05-18/elizabeth-holmes-admits-theranos-technolgy-fraud-restates-voids-years-test-results… Continue reading Theranos: The Cards Fall
Entering the ‘Grey Zone’
How to Be Grumpy: Aaron Clarey’s The Curse of the High IQ This passage stood out: Look, kid. (I was born in the first week of ’75, so there’s no way he’s older than I am.) Are you aware that Voltaire was repeatedly deported and imprisoned in the goddamn Bastille for bringing about the very… Continue reading Entering the ‘Grey Zone’
Chinese nationals pour more than $150 billion over five years into US real estate
Chinese nationals pour more than $150 billion over five years into US real estate But during the same period, at least $127 billion went into US homes, and in the 12 months to March 2015 — the latest period for which relatively comprehensive data could be gathered — home purchases totalled $39 billion. That put… Continue reading Chinese nationals pour more than $150 billion over five years into US real estate
Lessons From the Trump Surge: What We Learned
1. You cannot buy victory. Although the left insists money has corrupted politics, allowing the rich to buy elections, Jeb Bush spent over $130 million on his campaign, with nothing to show for it, while Trump spent very little and still bested all of his competitors by a large margin: 2. The pundits are (almost… Continue reading Lessons From the Trump Surge: What We Learned
Coming to Terms With Our New Economy
(Parts of this essay were cut from an earlier article, which I shortened to make a new one) From Forbes: Why ‘The System’ Is Rigged And The US Electorate Is Angry Then in the 1970s, something went wrong. It was as if a strange new economic disease began to infect everything. Firms focused more closely… Continue reading Coming to Terms With Our New Economy
Genes for IQ finally found…what’s next
There have been some recent developments in genome-wide association study (GWAS) pertaining to IQ and academic achievement: Genome-wide association study identifies 74 loci associated with educational attainment: Here we report the results of a genome-wide association study (GWAS) for educational attainment that extends our earlier discovery sample1, 2 of 101,069 individuals to 293,723 individuals, and… Continue reading Genes for IQ finally found…what’s next
Ingroup/Outgroup Dynamics
Ingroup/outgroup dynamics are a topic of much interest to both the ‘alt right’ and rationalists. From Wikipedia: In sociology and social psychology, an ingroup is a social group to which a person psychologically identifies as being a member. By contrast, an outgroup is a social group with which an individual does not identify. For example,… Continue reading Ingroup/Outgroup Dynamics
Bay Area Rent Is Surging
Despite tame CPI-based inflation, rent, particularly in the Bay Area, has really exploded since 2011: The Bay Area real estate market is white hot, defying all predictions of its collapse. According to Zillow, San Jose, San Francisco, Palo Alto, and Berkeley rent has gained 40-70% since 2011, vs. only modest national gain in wages and… Continue reading Bay Area Rent Is Surging