- “Nearly half a million people are incarcerated on any given day without having been convicted of a crime. Add it all up, and over 10 million people during a given year year are locked up without being convicted of anything. Roughly one-quarter of all inmates in state and local jails have not been convicted. ”
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Timothy Taylor explains the pros and cons of eliminating monetary bail. The issue is a complex one, as one might expect, and is a useful way to learn about cost benefit analysis.
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.. - “It’s a reminder that “growth” in cities isn’t always what it seems and that architecture can be an awfully poor proxy for the social structures to which it seems so closely tied. Neighborhoods that appear to be magnets for new people and more apartments may, behind every historic façade, be losing both.”
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Opportunity costs, population density, gentrification, urbanization and reducing family size – all there in this information dense article.
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.. - “A lot of what you learn when you work at a firm is its organizational culture. Moving within a firm means you learn new subject matter, but you are largely staying within the same culture. The psychologically more challenging move to a different organization gives you an opportunity to experience a different culture, sort of like spending time abroad.”
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Arnold Kling on culture and the organization. On a related note, the recent somewhat viral article about AirBnB and its culture is also worth reading.
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.. - “There’s a lot going on when you speak. The whole assembly process of how you string words together and form sentences is complicated. If you could use a computer to analyze how an Alzheimer’s patient speaks over the years, you might be able to pick up on subtle changes—and then look for those same patterns in younger patients who show no other signs of the disease. If you’re able to identify those changes early enough, you might even be able to stop someone from getting Alzheimer’s in the first place (although we’d also need advances in Alzheimer’s prevention to do that).”
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Might how you talk be able to predict if you will get Alzheimer’s in the future? A complicated topic, and one that is sketchy on the details – but very interesting nonetheless.
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.. - “Chinese government statements indicate that 50 state-owned firms have invested or participated in almost 1,700 projects in countries along Belt and Road’s path over the past three years, according to Baker McKenzie. The wider the road, the more drivers are bound to crowd in.”
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International finance meets the Belt and Road Initiative. Who will win, and in what shape, is what the article speaks about.
EconForEverybody 