28 Matching Annotations
  1. Last 7 days
    1. A former union boss jailed over receiving a coal exploration licence from his friend, former NSW Labor minister Ian Macdonald, was an "entrepreneur" who found a "willing buyer" in the disgraced politician, a court has heard.

      This is a flawed proposition and both misleading and deceptive in relation to the subject matter, considering its prominence in a court media report of proceedings which largely centre on the propriety or otherwise of an approvals process.

      Using a market analogy mischaracterises the process involved in seeking and gaining approval for a proposal based on an innovative occupational health and safety concept.

      In this case, the Minister was the appropriate authority under the relevant NSW laws.

      And while Mr Maitland could indeed be described as a "entrepreneur", the phrase "willing buyer" taken literally in the context of the process to which he was constrained, could contaminate the reader's perception of the process as transactional or necessitating exchange of funds a conventional buyer and seller relationship.

      Based on evidence already tendered in open court, it's already known Mr Maitland sought both legal advice on the applicable process as well as guidance by officials and other representatives with whom he necessarily engaged.

      But the concept of finding a "willing buyer", taken literally at it's most extreme, could suggest Mr Maitland was presented with multiple approvals processes and to ultimately reach his goal, engaged in a market force-style comparative assessment of the conditions attached to each of these processes to ultimately decide on which approvals process to pursue.

      Plainly, this was not the case. Mr Maitland had sought advice on the process and proceeded accordingly.

      The only exception that could exist in relation to the availability of alternative processes could be a situation silimilar to the handling of unsolicited proposals by former Premier Barry O'Farrell over casino licenses which were not constrained by any of the regular transparency-related requirements including community engagement, notification or competitive tender.

      Again, this situation does not and could not apply to the process applicable to Mr Maitland's proposal.

      The misleading concepts introduced from the outset in this article also represent an aggravating feature of the injustice to which Mr Maitland has been subjected.

      To be found criminally culpable in a matter involving actions undertaken in an honest belief they were required in a process for which Mr Maitland both sought advice process and then at no stage was told anything that would suggest his understanding of the process was incorrect, contradicts fundamental principles of natural justice.

  2. Aug 2019
  3. Jul 2019
    1. might markets just not work?

      Same thing in publishing, too. Lots of people say journal costs are inflated & they can run one cheaper. They're right, but there are two considerations: a) in a market economy prices reflect more than just costs. They reflect the economic value, which includes things like brand value, prestige and also, as this & the other posts argue, an inflation due to productivity rising in adjacent market sectors. So the market failures seem to come from a) the difficulty knowing how much something should cost (having comparables and not having too much complexity to understand) and b) too high value ascribed to the status or prestige (which, if understood as a social consensus proxy that reduces the complexity of actually understanding the business & what it's value to the consumer should be, collapses b into a).

  4. May 2019
    1. I published the Level manifesto with great fanfare: The War on Developer Productivity (And How I Intend to Win It).

      Quite a fascinating and interesting way to kick-off such endeavor. This can act as a major source of encouragement for giving one's 100% to the purpose. Of course, avoiding the risks of over-committing without periodic self-examination.

  5. Apr 2019
    1. hire of a harp

      The harp was considered a particularly graceful and feminine instrument, permitting elible young women to show off their charms and attract potential suitors. Many upper-class women, especially those in boarding schools, learned how to play instruments like the harp to make themselves more appealing in the marriage market.

      Read more about the harp as status symbol here

    1. Beverages bearing trademarks owned by or licensed to us account for more than 1.9 billion of the approximately 61 billion servings of all beverages consumed worldwide every day.
  6. Mar 2019
    1. Given that a lot is happening in Q1, we do not expect to be profitable in the first quarter

      Probably the stocks will drop a lot when announced, buy after that. Should recover in next quarter.

  7. Feb 2019
    1. A commitment to conditionality lives at the intersection of economics and theology. It’s where lectures about the law of the marketplace meet sermons about what we must do to earn our way into heaven. Here, almost every human interaction, even among family members, is regarded as a kind of transaction.” “(Kids) shouldn’t be spared struggle and sacrifice”: underlying idea that others (blacks, women…) are getting “something for nothing”; “the undeserving” must go conspicuously unrewarded. “Without competition we would all be paid the same and people would get lazy.” – explicit link to inequality

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  8. Jan 2019
    1. 市场并不是保持不动的,减产一方面会减小市场抛压,可能使得人们会将其视为一种利好,但通常会在分叉发生前表现出来,而一旦落地之后,所谓的利好就会被消耗一空,并在短时间内表现为利空。而等到市场转向理性之后,又会逐步平衡。

      <big>评:</big><br/><br/> 「比如我们当中很多人喜欢吃甜食,但由于担心发胖又不得不控制自己的食欲。什么原因造成我们爱吃甜食呢?人类在 200 多万年的进化过程中,绝大多数时间都处于营养不良和饥荒的边缘,饥饿是造成人类死亡的最大威胁。这种环境下,爱吃甜食的人往往可以获得更多热量,更容易存活,并把自己的基因传递下去。由于我们是远古时期爱吃甜食人类的后代,所以我们今天爱吃甜食的行为就不难理解了。但现代社会中物质极大丰富后,高热量食物随处可见,吃甜食这种曾经帮助人类生存的习惯却变成了一个负担,成了一种看似不理性的行为。因此很多现代社会里看起来非理性的心理和行为实际上都是深度理性的:这些心理和行为在远古时期曾经有利于我们祖先生存和繁衍后代。」 </br></br> 从进化论角度来看, 这些在远古时期理性的心理和行为可以解释现代股票市场中很多看似非理性的投资行为,此类行为偏差其实是人类长期进化的结果。 </br></br> 尽管如此,我们仍难以回答的问题是:进化到廿一世纪的现代人类,果真在进化过程中尝到甜头了吗?社会学家告诉我们「是的没错,我们站在前人的肩膀上」,但与此同时化学家们在努力地合成「代糖甜味剂」,以打消人类摄入甜食的最后顾虑。在新一波糖衣炮弹的冲击下,密码朋克们构想的理性世界可能会演化成与「廿一世纪理性的非理性金融体系」并无大异的光怪图景。

  9. Dec 2018
    1. marry for money

      This quote epitomises the marriage market where one must consider financial and class implications when considering marriage, as opposed to love.

    2. devotion to Clara

      When considering class distinctions, it will be interesting to see how this relationship will play out.

  10. Nov 2018
    1. SurveyMonkey

      SurveyMonkey is a FREE survey platform that allows for the collection of responses from targeted individuals that can be easily collected and used to create reports and quantify results. SurveyMonkey can be delivered via email, mobile, chat, web and social media. The platform is easy to use and can be used as an add on for large CRMs such as Salesforce. There are over 100 templates and the ability to develop customized templates to suit your needs. www.surveymonkey.com

      RATING: 5/5 (rating based upon a score system 1 to 5, 1= lowest 5=highest in terms of content, veracity, easiness of use etc.)

  11. Sep 2018
  12. Aug 2018
    1. Anomie (/ˈænəˌmi/) is a "condition in which society provides little moral guidance to individuals".[1] It is the breakdown of social bonds between an individual and the community, e.g., under unruly scenarios resulting in fragmentation of social identity and rejection of self-regulatory values.

      I can't help but see this definition and think it needs to be applied to economics immediately. In particular I can think of a few quick examples of economic anomie which are artificially covering up a free market and causing issues within individual communities.

      College Textbooks: Here publishers are marketing to professors who assign particular textbooks and subverting students which are the actual market and consumers of those textbooks. This causes an inflated market and has allowed textbook prices to spiral out of control.

      The American Health Care Market In this example, the health care providers (doctors, hospitals, etc.) have been segmented away from their consumers (patients) by intermediary insurance companies which are driving the market to their own good rather than a free-er set of smaller (and importantly local) markets that would be composed of just the sellers and the buyers. As a result, the consumer of health care has no ability to put a particular price on what they're receiving (and typically they rarely ever ask, even more so when they have insurance). This type of economic anomie is causing terrific havoc within the area.

      (Aside: while the majority of health care markets is very small in size (by distance), I will submit that the advent of medical tourism does a bit to widen potential markets, but this segment of the market is tiny and very privileged in comparison.)

    1. But that state of consciousness that permits the growth of liberalism seems to stabilize in the way one would expect at the end of history if it is underwritten by the abundance of a modern free market economy.

      Writers spend an awful lot of time focused too carefully on the free market economy, but don't acknowledge a lot of the major benefits of the non-free market parts which are undertaken and executed often by governments and regulatory environments. (Hacker & Pierson, 2016)

  13. Feb 2018
    1. The Bottom Line is that you will benefit from using the community group

      Unlike other approaches to learning new PM concepts that span many disciplines and competencies, we help you focus on your strengths and concerns within groups, while developing a holistic solution, that optimally increases your competitive advantage.

      Steps to Creating a Group:

      • Join the Community
      • Create your Own Group
      • Invite Others to Join
  14. Sep 2017
  15. Aug 2017
    1. real interest rates are determined by a wide range of economic factors, including prospects for economic growth—not by the Fed.

      Real interest rate = interest rate - inflation

  16. Sep 2016
    1. Take-Two Interactive Software, Inc., 2K and Firaxis Games Partner with GlassLab Inc., to Bring CivilizationEDU to High Schools Throughout North America in 2017
    1. frame the purposes and value of education in purely economic terms

      Sign of the times? One part is about economics as the discipline of decision-making. Economists often claim that their work is about any risk/benefit analysis and isn’t purely about money. But the whole thing is still about “resources” or “exchange value”, in one way or another. So, it could be undue influence from this way of thinking. A second part is that, as this piece made clear at the onset, “education is big business”. In some ways, “education” is mostly a term for a sector or market. Schooling, Higher Education, Teaching, and Learning are all related. Corporate training may not belong to the same sector even though many of the aforementioned EdTech players bet big on this. So there’s a logic to focus on the money involved in “education”. Has little to do with learning experiences, but it’s an entrenched system.

      Finally, there’s something about efficiency, regardless of effectiveness. It’s somewhat related to economics, but it’s often at a much shallower level. The kind of “your tax dollars at work” thinking which is so common in the United States. “It’s the economy, silly!”

    1. mis-read or failed to read the labor market for different degree types.

      Sounds fairly damning for a business based on helping diverse students with the labour market…

  17. Jul 2016
    1. The locals refer to Tepito as the Barrio Bravo, the fierce neighborhood, for its reputation of criminality involving counterfeit goods, robbery, and drug selling.
  18. Dec 2015
    1. The problem with early stage investing is that markets can never be sized in Excel. If they could be reduced to a formula, we’d all be working at hedge funds. No, the essence of early stage investing is more instinctual.

      you can never size a market in excel

  19. Nov 2015
    1. Even the free flow of goods that constitutes a laissez-faire economyrests on an infrastructural base that organizes both market and society.

      So even in a hands free scenario, the market and society are still being structured by the government..? Does that really leave it to be hands free? The way the government decides to structure it surely must have an influence on how the turnout is

  20. Aug 2015
    1. The Nordic Model: Pros and Cons
      • Social benefits like free education, healthcare and pensions.
      • Redistributive taxation.
      • Relaxed employment laws.
      • History in family-driven agriculture. Culture of small entrepreneurial enterprises.
      • High rates of taxation.
  21. Apr 2015
    1. There are several other important considerations related to LEB. First, there is a risk of capture of legislation by the domestic industry. Once an inefficient industry comes to rely on LEB for survival, the Ukrainian parliament might find it difficult to rescind the ban in the future. Second, LEB and other similar measures underscore that the Ukrainian parliament finds it acceptable to intervene in functioning of the markets based on empirically dubious rationale. The parliament substitutes the market by deciding how resources should be allocated. In doing so, the parliament teaches the businesses and the industry that they should compete through lobbying in the parliament, financial and informational, rather than through innovation and efficiency improvement in the market place.
  22. Nov 2014
    1. Funny how Corporate America loves the term “free market” except when they are under threat.

      Author misses the point here. Corporate America loves the term "free market" only when it is under threat. A "free market", as we know it, is anything but free. It is regulated into existence by "free trade" agreements and the like.