Etc: Links for 20th September, 2019

  1. Nepali chai.
    ..
    ..
  2. Who owns the smiley face?
    ..
    ..
  3. “The feeling that overwork can induce is much more than tiredness; it induces an anxiety that places the sufferer in a rather hellish place between shutting down and waking up. Full wakefulness isn’t possible because the nervous system and body are so overburdened. But neither is a state of rest because there is a feeling that the sufferer’s always behind herself. Always chasing the next task. Always feeling that they haven’t done enough, which in turn induces the tendency to cynicism and indifference often associated with the condition.”
    ..
    ..
    On burnout.
    ..
    ..
  4. Inside Samsung’s secretive lab.
    ..
    ..
  5. Japanese folks aren’t too excited (yet) about the Olympics.
Advertisements

EC101: Links for 19th September, 2019

  1. Are we all Japan now?
    ..
    ..
  2. A review of the Jalan comittee report.
    ..
    ..
  3. Eric Maskin writes an appreciation of Kenneth Arrow’s ouevre.
    ..
    ..
  4. A New Yorker profile of Stephanie Kelton.
    ..
    ..
  5. Bookmarked as want to read.

Etc: Links for 6th September, 2019

  1. Livemint with a rather fascinating list of companies that were operating in India before 1947.
    ..
    ..
  2. “I obeyed. I opened one door and then another, and a pure white light emerged from the tiny bathroom. I entered, and looked up. The ceiling was an improbable 25 feet above me with a glass ceiling. Sunlight flooded the room. The sink was black marble. And in the middle of the otherwise whitewashed space was a simple, beige toilet. It was the most ridiculously and gloriously presented toilet I had ever seen. Imperial. It was an imperial toilet.”
    ..
    ..
    If reading that doesn’t make you want to click on this, I admire your self-control.
    ..
    ..
  3. A useful list.
    ..
    ..
  4. Savor this one, at leisure. And keep YouTube handy.
    ..
    ..
  5. “As you grow older, observing your surroundings, you realise that real people argue, debate and discuss. There are certain homes where the dining table conversations may be intellectual or mundane or even mockery of an emotional crisis another family member is going through but the point is that everyone does have a sound and cultivated thinking, a mind with opinions which are freely expressed. Their education, the books they’ve read and the places they’ve been to defines them, forms their ideologies, firms their faith and gives them a standpoint on a particular topic. I grew up in one such household. There was a room for disagreement amongst its members, yet each person was valued, irrespective. Relations didn’t break in a jiffy. There was no melodrama.”
    ..
    ..
    Juhi Chaturvedi pays tribute to Hrishikesh Mukherjee. Lovely read!

RoW: Links for 14th August, 2019

Five links about gun control from the United States of America:

  1. First, from Chriss Blattman, who knows a thing or two about violence.
    ..
    ..
  2. Slatestarcodex, on trying to make sense of the data
    ..
    ..
  3. and what the comments section from that blog has to say.
    ..
    ..
  4. Gun control, the Japanese way.
    ..
    ..
  5. To circle back to the beginning, a contemplative article from Vox.

ROW: Links for 12th June, 2019

  1. “Readers will by now be familiar with the list of industries impacted by the US China trade war. These include soyabeans, cars, steel, and semiconductors.But one commodity is increasingly important to how the tensions play out: students. The Chinese state media is now saying the government will issue a warning on the risk of studying in the US”
    ..
    ..
    The FT reports on how Chinese students will now be discouraged from going to American Universities – in a sense, an expected move, but you would be surprised at just how dependent universities in America today are on foreign students. Interesting times.
    ..
    ..
  2. “To summarize, based on the above I doubt that actual Chinese growth is more than 1% below the reported figures, at least up through 2018. Of course it’s possible that things have changed in 2019; if so I expect that to show up in upcoming airline travel data for China.”
    ..
    ..
    Scott Sumner patiently reminds us that we should look at the data before making a claim, and having looked at the airline data, he rejects the notion that there is a dramatic slowdown in China. The truth, as usual, lies somewhere in the middle.
    ..
    ..
  3. “Vietnam, like China really doesn’t import very many manufactures from the United States. That’s partially a function of the fact that the value added in Vietnam is often low, and thus Vietnam cannot afford a lot of top of the line U.S. capital goods (yet). But it is also a function of the fact that many of the global value chains that generate large (often offshore) profits for U.S. firms don’t give rise to that much U.S. production these days. There just isn’t much sign that the Asian value chains stretch back to include U.S. factories and workers. Fabless semiconductor firms that design chips likely export their designs to a low tax jurisdiction before they license their designs to an Asian contract manufacturer. The rise in Vietnam’s exports hasn’t been associated with a commensurate rise in exports from the United States to Vietnam.”
    ..
    ..
    Brad Setser takes a look at whether Vietnam is the new China, and concludes that it kind of is, and kind of isn’t.
    ..
    ..
  4. “It is not surprising that the CPC has worked so hard to extirpate the Tiananmen Square massacre from public memory. History – including the horrors of Mao Zedong’s rule – is too volatile a substance for the Chinese dictatorship. China’s leaders hold up their system of government as a model for other countries. But how can a regime be confident in the sustainability of its values and methods if it is afraid of its own past?”
    ..
    ..
    Chris Patten (who knows a thing or two about this issue) reviews the Tiananmen square massacre, and ponders on what it means for China and Hong Kong today.
    ..
    ..
  5. “Despite a small increase in young and female lawmakers—like Ms Suematsu, who is in her forties—local politics is still dominated by old men. “In these municipalities, candidates are so old they have a hard time putting up election posters,” says Shigeki Uno of the Nippon Institute for Research Advancement, another think-tank. Indeed, three-quarters of town and village assembly members are over 60. The oldest, aged 91, holds a seat on a city assembly in Shizuoka, in central Japan.Young people are loth to stand because local politics is not a financially rewarding profession. The law bans assembly members from holding other jobs concurrently. Their pay averages around ¥300,000 ($2,740) a month, hardly enough to support young families. “It’s basically a job for the retired,” sniffs Mr Uno. And for little pay, the workload is onerous.”
    ..
    ..
    The Economist reports on Japan, and it’s ageing population – and what that means for democracy on the ground, at local elections.

Links for 29th April, 2019

  1. “It may seem silly to lament over music selections in an exercise class, but it’s an issue that fitness companies may increasingly face as they transform from traditional health companies into media publishers. Let’s face it: working out can be boring, and people are willing to pay top dollar to have someone yell at us while sweating to the latest Migos track. Combine that with the flexibility to exercise in your own home on your own time and it’s a revenue strategy that has helped brands like Equinox, Pure Barre, SoulCycle, and Physique 57 tap into a demographic that previously found the studios inaccessible. Even companies like ClassPass and Fitbit have also expanded beyond their initial product of a subscription service and fitness trackers, offering their own guided fitness sessions for $8 to $15 a month.”
    ..
    ..
    I don’t know if you have heard of any of these services, but the legal angle of copyrights is worth reading about.
    ..
    ..
  2. “Respect among Russians for Josef Stalin has surged to the highest level of President Vladimir Putin’s era, with 70 percent saying his rule had been good for the country, according to a poll tracking attitudes toward the Soviet dictator.”
    ..
    ..
    With an excerpt like that, why would you not want to read more?
    ..
    ..
  3. “Japan has certainly lost the late 1980s bubble-economy swagger that once terrified Western chief executive officers. Yet neither is the world’s third-biggest economy some sort of Mad Max economic dystopia. Japan remains a rich country, home to some of the best infrastructure and fastest bullet trains, leading auto and robotics industries, and one of the highest life expectancy rates. It’s a financial superpower—the largest creditor nation and provider of investment and savings, with net external assets of almost $3 trillion. Japan’s megabanks are the foremost lenders in Asia outside of China.At the moment, Japan looks like an island of stability among developed nations that are riven by polarized debates about unfettered capital flows, free trade, and open borders. Ordinary Japanese aren’t being torn asunder by American-scale income inequality and culture wars, grappling with a slow-motion train wreck like Brexit, or coping with French-style yellow vest worker protests on the streets of Tokyo.”
    ..
    ..
    Is Japan growing? No. But so, this article asks, what? Also a good overview of all of what Japan has tried in the last thirty years or so, in terms of economics and society.
    ..
    ..
  4. “Documents seen by the Financial Times and extensive interviews with more than a dozen senior figures in the <word removed by me> world show a co-ordinated global effort by the Russian state, through ambassadors and representatives of its banks and biggest companies, to win votes with promises of money and political pressure. 
    ..
    ..
    Without cheating, can you guess what this article is about? Once you have made a guess, click through to find out what the article is about.
    ..
    ..
  5. “Exxon’s arrangement in Texas reflects, in miniature, our national state of indecision about the best approach to climate change. Depending on whom you ask, climate change doesn’t exist, or is an engineering problem, or requires global mobilization, or could be solved by simply nudging the free market into action. Absent a coherent strategy, opportunists can step in and benefit in wily ways from the shifting landscape. Tax-supported renewables in Texas take coal plants offline, but they also support oil extraction. Technology advances, but not the system underneath. Faced with this volatile and chaotic situation, the system does what it does best: It searches out profits in the short term.”
    ..
    ..
    Economics at play in terms of energy, policy, climate change, short term profits, incentives, horizons and so much more.

Links for 19th February, 2019

  1. “…granted, most supply has moved to Facebook and other social networks; it is no longer possible to build a viable web business with display ads. At the same time, the web is still as open as can be, which means there is room for new business models like subscriptions, a model that has only gotten started and is already producing far better content than the old mass market media model every (sic) did”
    The always excellent Stratechery blog on Spotify moving into the podcasting business. Read this to understand how pricing works in the world of the internet, and how an ad-based business is going to be difficult to sustain.
  2. “Goodhart’s law states that once a social or economic measure is turned into a target for policy, it will lose any information content that had qualified it to play such a role in the first place.”
    A current favorite of mine as an example: students must attend at least 75% of all classes in a semester assumes that a student will auto-magically learn once in class – for that is the reason behind the 75% attendance requirement. Do read, though. I’m sure you can think of a million different applications.
  3. “The constitution ensured that the Senate could protect the people against themselves, and simultaneously ensured that the Framers armored the Senate against the people. Should America be too Democratic, and grant too much power to the House, Madison worried that government would have a propensity “to yield to the impulse of sudden and violent passions, and to be seduced by factitious leaders into intemperate and pernicious resolutions.””
    As an Indian, I enjoyed reading this as a reminder of the thinking behind the Rajya Sabha and the Lok Sabha. And which is why I’d recommend you read it too!
  4. “What these results suggest is the headline inflation – expected to be in the 3% handle in the near future – will eventually start converging, over a 12-month period, towards core inflation which is currently running above 5%. If this were to come to pass, space for any monetary policy easing cycle – notwithstanding a one-off cute in February or April this year – would virtually evaporate.”
    Expect there to be an intense discussion about the differences between headline (overall) and core (overall minus fuel and food) inflation. This article is a decent analysis of the link between the two in the past, and today.
  5. “Consider Ms. Nishimasa’s daily routine. The preschool her two youngest children attend requires the family to keep daily journals recording their temperatures and what they eat twice a day, along with descriptions of their moods, sleeping hours and playtime. On top of that, her 8-year-old son’s elementary school and after-school tutoring class require that a parent personally signs off on every homework assignment.”
    A fascinating read from the NYT, to help us better understand the culture that is Japan.