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No Way Out But Through: Tales From the Tech Resistance - Webstock
Like children playing with a bulldozer, the giant American tech monopolies have amassed more power than they can safely handle. Galvanized by the disastrous election, tech workers across America have struggled to organize to meet a rising threat to freedoms we once took for granted, whose loss will have global consequences. A report from a year of hope, fear and failure in the U.S. tech industry.
maciej  politics  argument  video 
yesterday by kmt
TGM: Európa-komplexus « Mérce
Az 1914 előtti kapitalizmus a személyi függőség társadalmát Észak-Amerikában és Nyugat-Európában fölszámolta, bár sok helyen (pl. a Habsburg-monarchiában) fönntartotta a régi hierarchiák külső héját (a régi Magyaroszágon az 1918/19-i forradalmakig mind a munkásosztály, mind a parasztság teljesen ki volt rekesztve a politikai részvételből), ezen kívül pedig a faji és nemi rangsort és a jogállamon kívüli, brutális gyarmati uralmat. Ez az a mixtúra, amelyhöz így vagy úgy visszakívánkoznak a konzervatívok, akik tudják, hogy – bár a liberalizmus a XVII. századból ered – a képviseleti kormányzat és a közvetett, ám formailag teljes politikai részvétel együttese (ezt nevezik nevetséges túlzással „liberális demokráciának”) csak az 1960-as évek (a gyarmatbirodalmaknak és Amerikában a faji elkülönítésnek, a feketék jogfosztottságának a megszűnése) után jött létre. Ezt szeretné visszacsinálni az alt-right vagy Európában az orbánizmus.
magyar  politics  argument 
yesterday by kmt
Bernanke, Geithner, and Paulson's Lessons of the Crash
After the French Revolution it was famously said that the surviving Bourbon aristocrats had “learned nothing and forgotten nothing.”  Judging by their recent op-ed piece in The New York Times, “What We Need to Fight the Next Financial Crisis,” the same could be said of Ben Bernanke, Tim Geithner, and Hank Paulson.

As treasury secretaries and chair of the Federal Reserve, these three were the most powerful regulators of the financial system during the disastrous crisis of a decade ago. Yet they devote only a few words to their own failures to predict or prevent the last crisis (“Although we and other regulators did not foresee the crisis…”) and the lessons that might hold for today. Just a brief paragraph is devoted to the state of post-crisis regulations. 
finance  argument  politics  history 
2 days ago by kmt
Credit Suisse Analyst Really Brought in Clients - Bloomberg
Imagine you are a 22-year-old hired at a big investment bank as a first-year analyst, straight out of college. You show up at the introductory training class, where the bank teaches new analysts how to do discounted cash flow analyses and format working-group lists. But you don’t come alone. For some reason Warren Buffett is with you. Just hanging out, going to your training classes. You are inseparable for the whole program. “Oh yeah, that’s my buddy Warren,” you tell your fellow analysts. “I just like talking about deals with my young friend,” he explains.

At the end of the program, there is a multiple-choice exam testing your knowledge of financial concepts. You do very poorly on the exam. Here is my question: Does the bank care? Are your bosses like “I am sorry but this person does not know much about finance or WGL formatting, which are the essential skills for any first-year analyst”? Or do they throw your exam in the garbage, invite you out to dinner, and suggest that you bring your friend Warren along to talk about a few deal ideas they have?

Decades of investment banks hiring top students from top universities, training them in financial modeling and working them all the time has created the misleading impression that the essential job of an investment banker is to be smart or hard-working or an expert in financial modeling. But the essential job of an investment banker—the thing she gets paid for—is to convince corporate executives to hire her investment bank to do deals. It is a sales job, a relationship job, a people job. Being smart and hard-working and an expert in financial modeling are tools that are often useful in achieving the main goal, and that are probably essential in sustaining the business in the long term. But if you can do the main thing, then you can skip a lot of the instrumental stuff.
finance  argument  reference  tips-and-tricks 
2 days ago by kmt
What is Systems Programming, Really? | Will Crichton
I have a gripe with the phrase "systems programming." To me, it always seemed to unnecessarily combine two ideas: low-level programming (dealing with implementation details of the machine) and systems design (creating and managing a complex set of interoperating components). Why is that the case? How long has this been true? And what could we gain from redefining the idea of systems?
architecture  rust  prog  argument 
6 days ago by kmt
The Dictatorship of Data - MIT Technology Review
McNamara was a numbers guy. Appointed the U.S. secretary of defense when tensions in Vietnam rose in the early 1960s, he insisted on getting data on everything he could. Only by applying statistical rigor, he believed, could decision makers understand a complex situation and make the right choices. The world in his view was a mass of unruly information that—if delineated, denoted, demarcated, and quantified—could be tamed by human hand and fall under human will. McNamara sought Truth, and that Truth could be found in data. Among the numbers that came back to him was the “body count.”
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oh yeah, this is classic:
"McNamara rose swiftly up the ranks, trotting out a data point for every situation. Harried factory managers produced the figures he demanded—whether they were correct or not. When an edict came down that all inventory from one car model must be used before a new model could begin production, exasperated line managers simply dumped excess parts into a nearby river. The joke at the factory was that a fellow could walk on water—atop rusted pieces of 1950 and 1951 cars."
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big-data  data-analysis  stats  bias  history  methodology  argument 
7 days ago by kmt
The Cacophony of Critique | Blog | The Sociological Review
“Indeed, if we could dispense with the theatrics of ‘unmasking’ the other, it becomes more possible to concentrate on the material political stakes and the moral values at issue in contemporary debates.”
2018  reason  debate  argument  criticism 
11 days ago by Preoccupations
So You Want to Teach Some Islamic Philosophy? | Blog of the APA
If I had to place a bet as to the biggest changes we’ll see in the philosophy profession over the next several decades, I would put my money behind the following prediction: there will be a lot more teaching and research on non-European philosophy. Even disregarding the benefits of such a change for philosophy as a discipline – and they are many – the change is inevitable, given the effects of globalism, rising student interest, the politically problematic nature of the current Eurocentric approach, and the need for young philosophers to find unexplored topics for their work. The question is not whether philosophy departments are going to pay more attention to things like Chinese, Indian, Islamic, Africana, and Latin American philosophy. The question is how they will get from the current narrow approach to a broader approach of the future.
philosophy  argument 
13 days ago by kmt

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