economy Archives - Page 2 of 3

On the Pareto frontier in salary-vacation space

Thank you for your monetarily very generous offer of employment! Honestly, it’s not obvious to me how I could spend $X a year, as I am currently living quite comfortably on about one Nth of that amount. Actually, that’s not entirely true; I’m sure I could spend it all if I got a mortgage on a big house out in the suburbs, bought a fancy car with which to commute to work, ate out frequently, and had a few kids I planned to put through college. However, I prefer to live simply in a small home, cook my own meals, bus or bike to work, and I may very well choose not to reproduce. I also prefer, in my all too limited time on Earth, to experience the wilderness that still remains in the world, and the myriad human cultures, cuisines, and languages that have emerged in the last 50,000 years. Those experiences will not come easily sitting in front of a computer in an office park, and they often cannot be had on weekends or whirlwind tours. Thus, I am concerned about the following potential scenario with your offer of employment as it currently stands.

Continue reading On the Pareto frontier in salary-vacation space

Shared Links for Jun 26th – Jul 7th

You can also search or subscribe to my linkstream over at Delicious.

Christian high school discussion of climate change – Kurt Klein's AP Environmental Science class is reading Richard B. Alley's Two Mile Time Machine, about paleoclimate, ice cores, and abrupt climate change events. (tagged: climate ice science greenland education religion )
Prefabricated Passive Houses in the USA – Bau Technologies is attempting to bring pre-fabricated (or rather off-site constructed) passive houses to the US. Looks awesome. (tagged: architecture sustainability energy efficiency passivhaus design )
Yogurt making tips – Detailed instructions on how to make yogurt, and also a source for equipment and cultures. (tagged: food yogurt homemade cooking recipe )
Climate Wars – A Canadian radio show exploring some of the climate change scenarios which have been studied by the US Dept. of Defense in a personal, "War of the Worlds" kind of way. Be forewarned, this is apocalypse porn, and probably not productive unless you need to get yourself riled up. (tagged: politics climate sustainability future war )
Our Passive House — the first passive house in Utah. – A Utah couple chronicles the design and construction of their passive house, with blog posts and photos. Great to see these things going up on this side of the Atlantic finally! (tagged: passivhaus sustainability design architecture buildings )
Will Allen: Street Farmer – A long profile of Will Allen and his intensive urban farming project in Milwaukee: "Growing Power". Aquaponics and vermicomposting of donated food wastes. This is realistic urban farming at a moderate scale. (tagged: sustainability urban food agriculture compost )
Gini coefficient | Wikipedia – A wonderfully simple and general mathematical measure of the non-uniformity of a distribution, mostly used in economics, but applicable elsewhere just as well. (tagged: economics math wikipedia research science finance )
Here comes the data: OECD Factbook eXplorer – There are terabytes of interesting data out there that nobody can actually understand, because we don't have good interfaces for playing with it, and poking around. This is the OECD's attempt to offer a window into its own demographic treasure trove. Obviously inspired by the gapminder, from Google and Hans Rosling. (tagged: data maps statistics visualization demographics oecd economics )
The Choice of Cities – I'm not convinced we really know why the humans are coming to the cities. Whether it's a pull, or a push. How the migrants feel about their lot. Is it, globally, the same as the push we had in this country a hundred years ago? Or was it a pull? What happened when the frontier closed, when all the land was spoken for, and the factories and mines and mills were opened for business.
And what will cities look like once everyone has arrived? If we actually reach that day, when the countryside is emptied, and the flow staunched, then how will cities develop going forward? What will their margins look like? Will the slums filled with newcomers vanish? What will they be replaced with? (tagged: technologie urban design economics history technology poverty )
Bike Among the Ruins – Detroit is half abandoned. The houses are almost free. The streets are empty and the people are poor. It's also flat. Could a cyclone of bicycles wipe clean the slate, even within the sight of our beloved, bankrupted, and now employee owned husk of an industrial titan… GM? (tagged: bicycle transportation urban design economy )
Behind the Veil by Eve Arnold – A series of photographs of women, from Afghanistan and the middle east from 1969. Very different from our "Summer of Love"… (tagged: photos islam afghanistan women )
The Revolution Will Not Be Digitized – Iran is one of the first places we get to see old school blood in the streets mixed with the new age of instantaneous, ubiquitous communication. We've tended to focus on the positive aspects, while briefly forgetting the potential powers of an electronic police state, which is to some degree what Iran has built. No massive army of eavesdroppers and informants is needed in such a regime. A few deep packet inspection boxes from Siemens sitting on the fiber backbone, and a few on the microwave towers from Nokia. Technology is largely neutral. (tagged: technology politics internet privacy government twitter web2.0 iran )
55 km to Amsterdam – A day of inter-city transportation by bicycle in the Netherlands. Can it really be that idyllic? (tagged: bicycle transportation netherlands infrastructure )
1993 Y Hike Pictures – Wow, pictures of myself from 1993 on the Y Hike. I still remember just about everyone in that group. I look so… young! (tagged: caltech yhike backpacking wilderness sierras )
Traitor Joe's | Greenpeace – Trader Joe's doesn't make any effort to source sustainably caught fish. Unfortunately, with 70-80% of global commercial fisheries in collapse, it's virtually impossible to sell (or buy) most tasty fish species ethically. (tagged: sustainability fish traderjoes ocean food )
Organic Farms as Subdivision Amenities – Housing developments that incorporate small organic farms, CSAs even, instead of the usual golf-course crap. How would one adapt this for denser living I wonder? (tagged: design agriculture urban csa food architecture )
Enphase Energy System Monitoring – Another real-time and historical solar power monitoring system. This one is installed on the roof of one of the Boulder Housing Coalition Co-ops in Boulder. Pretty awesome! Smart grid indeed. (tagged: solar energy technology transparency electricity )
Caltech Building Dashboard – A near real time view of the power being generated by Caltech's 200 kW PV installation on the Holliston parking structure. Also shows historical data and weather information. Pretty cool. Would be great to just have the raw datastream available via an API too… and be able to see all the Caltech's per-building consumption too. (tagged: energy solar caltech pasadena technology transparency data internet )
How To Destroy Half the Planet for the Low, Low Price of 5% of Global GDP – Never mind the possibility of unforseen climatic consequences. Even if the pessimistic IPCC scenarios are right, and even if they "only" reduce global GDP by 5% over the next 100 years, that purely economic metric is not sufficient, because it turns out you can wipe 2.5 billion people and their nations off the face of the Earth, mainly in the tropics, and only reduce global GDP by 5%. Cold comfort, that. (tagged: climate economics gdp )
Walter Mebane's statistical analysis of Iran's election results – Walter Mebane at UW Madison has done several statistical analyses of the Iranian election results, and finds significant irregularities in the Ahmedinejad results. (tagged: election iran statistics democracy fraud system:filetype:pdf system:media:document )
Carbon Cap and Trade Debate – Ralph Cavanagh (legislative council for NRDC) and Jim Lazar, an economist, debate the merits of Cap and Trade, for an hour and a half. Looks interesting, but don't have time to watch it at the moment (tagged: video towatch climate policy economics )
Property Assessed Clean Energy Bonds – PACE bonds are a way of overcoming the capital intensivity of many energy efficiency retrofits which make sense in the mid to long-term, but not on the typical short term investors time horizon. They also allow homeowners who may move before their investment in efficiency has paid for itself to pass on the obligation to future owners, instead of losing the investment. They also shift the costs of doing energy efficiency from capital expenses to debt servicing, which is advantageous in many jurisdictions for tax purposes. Berkeley, CA and Boulder, CO pioneered them for municipalities, but they can also work in a commercial context. (tagged: energy efficiency sustainability finance green debt investing bonds )
It’s Now Legal to Catch a Raindrop in Colorado – Colorado has taken its first tentative steps down the road to legalizing… rainwater harvesting. I hope they go all the way. I'd hate to have to end up breaking yet another immoral law. (tagged: environment colorado water law sustainability rain green architecture design )
Welcome to Tällberg – A "conference" analogous to the WEF in Davos, but held in Sweden, in the woods, and with sustainability as the given goal, instead of economic growth. Would be an interesting stop on the Green Cities Bike Tour. (tagged: green economics technology politics policy design conference )
Power Struggle – A commentary on Steven Chu's position that we need major basic scientific and technological breakthroughs to successfully tackle our energy problems in the context of global warming. The hope is that in the short term, the vast array of incremental changes we have available is enough to get us started, and that by mid-century, the major breakthroughs will have been forthcoming. Ah, non-linear dynamics. (tagged: technology science energy climate non-linear sustainability policy )
The Great American Bubble Machine – An article from Rolling Stone, by Matt Taibbi, on the endless bubble building shenanigans that Goldman Sachs has engaged in over the years, and their supposed current machinations to engineer a bubble in the as-of-yet uncreated market for greenhouse gas emissions. Markets, I like. Markets run by some Great American Gangster Kingpin, not so much. Especially not this particular market. Remember: Nature doesn't do bailouts. (tagged: economics finance goldmansachs capitalism climate bailout )
The Economics of Ideas – An article about Paul Romer by Kevin Kelly, musing on the problems and benefits of having an economy which is primarily driven by informational goods. (tagged: economics technology non-linear )
Paul Romer: A Theory of History, with an Application – Paul Romer talks about two different kinds of informational goods: "technology" and "rules". The former being knowledge about how to re-arrange the material world to increase its value to humans, and the latter being constraints on the ways we interact with each other. His "new/endogenous growth" theory suggests that overwhelmingly, wealth creation throughout history has been due to these two kinds of goods, and that they are virtually infinite resources. What he does not explicitly admit in the talk though, is that much of our increased apparent wealth has come at the cost of virtual liquidation of material resources. Truly sustainable growth absolutely must close the materials loop somehow. Better sooner than later. The rest of his idea is wonderful: we need a system which enables rule set entrepreneurs, or we aren't going to get sufficient innovation in the field. He suggests myriad autonomous city states, and I agree emphatically. (tagged: economics urban society non-linear politics longnow )
The Swimming Cities of Serenissima – Improvised and chaotic houseboats built from found bits, floating down the Mississippi (2006-2007), or the Hudson (2008), or sailing the Adriatic from Slovenia to Venice (2009). Like a tiny maritime Burning Man. Only a couple of boats today… What if it were an armada? (tagged: art boat performance sailing )

The Home Economics of Bicycles

Our local NPR station, KPCC 89.3 is doing a story on bicycling, and how it affects home economics in these trying times… These are my responses to their questionnaire.

Tell the story of how your bicycle is changing your financial picture.

Largely because we choose to bike as our primary form of transportation, and do not own a car, my partner and I have disposable income, even as poorly paid graduate students. We can max out our Roth IRAs (and then some) each year, and still have money left over to rent a car once a month or so, to get up into the Sierras or out into the desert, or to visit family in Santa Barbara. We live comfortably, but frugally, and have no consumer debt. The situation would likely be very different if we had even one, let alone two cars.

In what ways has the price of gas changed your relationship with the bicycle?

I’ve always used a bike as my primary vehicle, so the “high” gas prices really don’t have much to do with my bicycle relationship. Except in extraordinary cases (someone with a long commute and lousy fuel efficiency), fuel costs are not the largest portion of the expense of owning a car. Insurance, depreciation, maintenance, financing, registration, parking tickets, etc. are all significant, but they are “fixed” costs, which you will pay largely regardless of how much you drive, and so most people take them as given, because they assume they can’t live without a car. Most of the economic benefits of bicycling only accrue when you get rid of the car completely, and avoid those fixed costs.

Continue reading The Home Economics of Bicycles

Shared Links for May 29th

Post-Scarcity Prophet: Economist Paul Romer on growth, technological change, and an unlimited human future. – Reason Magazine – An excellent interview with Paul Romer from Stanford, who has apparently been thinking along the same lines as I have about the deep differences between material and informational goods (he calls them "things" and "ideas"). I don't think he's skeptical enough about the motives and powers of large "market" players to subvert the markets they participate in, but he certainly gets that all growth, in the fullness of time, must be based on knowledge and not stuff. Malthus and Erlich aren't wrong, they just haven't been right yet. Will have to look up much more of his writing! (tagged: economics science history capitalism technology growth non-linear wto corporations interview )
This is not "socialism" – Semantic arguments are both catastrophically boring, and necessary. What does "socialism" mean? Is the Wikipedia socialist? Is the Internet inherently socialist? Do the ideas associated with "socialism" even have meaning when considered in the context of informational goods that once produced, are non-rivalrous and non-excludable? Why are so many people unwilling (unable?) to try and understand what a speaker or writer actually means, instead tending to just attach all their own cultural baggage to the words they use. All important words subtly change their meaning… (tagged: economics capitalism politics internet socialism copyright technology lessig )
bikewise – Hooray!!! Somebody implemented basically exactly what I wanted in a bicycle issue reporting system, and licensed under Creative Commons to boot! It lets you report hazards, crashes, and thefts, register your bike, subscribe by e-mail or RSS to changes in your area, etc. Absolutely fantastic, clean, and easy to use. I'll populate it single handedly for Pasadena if I have to! (tagged: bicycle transportation maps wiki google planning policy )
Housing and Transportation Affordability Index – a nice little application that allows you to browse geographically through several interesting slices of census tract data, looking at transit and housing affordability in various big metro areas in the US. (tagged: maps economics transportation economy urban )
A Low Impact Woodland Home – A beautiful hobbit hole in wales. Left alone for a century, it would just melt back into the hillside, like many well-designed things. (tagged: sustainability green design architecture )

Shared Links for Mar 14th

Newspapers and Thinking the Unthinkable – A good epitaph for the newspaper, by Clay Shirky. Now if only Elsevier would go bankrupt too. (tagged: technology economy history internet copyright publishing newspapers )
Will Banks Start to Walk Their Talk? Don't Hold Your Breath – I thought that whole spiel about how Citi and friends were suddenly going to be profitable sounded suspicious. All they had to do was redefine the word "profit" to mean whatever they wanted it to mean! Brilliant! The innovations that flow from our Commanding Heights never fail to amaze. (tagged: baiilout finance economics policy politics banks citi )
Our Pigs, Our Food, Our Health – Massive overuse of antibiotics in livestock feed breeds bacteria resistant to antibiotics? Whodathunkit! WTF is this article doing on the Op-Ed page? Shouldn't someone be out there in Iowa winning a Pulitzer over this? Or is it too obvious to even warrant investigation. We're going to look back in 100, or 50, or 25 years and deeply regret squandering the limited miracle of antibiotics on cheap bacon. This is what we get for refusing to teach evolution. (tagged: health evolution antibiotics agriculture food mrsa livestock farms )
Obama Tells Business Roundtable: “If You’re Giving Away Carbon Permits For Free … It Doesn’t Work” And “The Science Is Overwhelming” – Joe Romm usually bugs the crap out of me, but this is actually a decent piece, trying to get across the point that Obama really, actually appears to understand what would be required to get carbon pricing implemented and functional, both from a policy and a political point of view. The sooner industry starts planning around this, the better it'll be for everyone. (tagged: climate carbon economics auction policy obama energy )
Hussman Funds – Weekly Market Comment: Buckle Up – I don't see any reason to trust Hussman more than the normal investing talking heads who do about as well as chance would predict, but he can do division:
The course of defending the bondholders of insolvent institutions is not sustainable. Do the math. The collateral behind private market debt is being marked down by easily 20-30%. That debt represents about 3.5 times GDP. That implies collateral losses on the order of 70-100% of GDP, which itself is $14 trillion. Unless Congress is actually willing to commit that amount of public funds to defend the bondholders of mismanaged financials so they can avoid any loss, this crisis simply cannot be addressed through bailouts. Bondholders have to take losses. Debt has to be restructured. There is no other option — but the markets are going to suffer interminably until our leaders figure that out. (tagged: finance crisis banks investing bailout )

Shared Links for Mar 9th

Tent City Rapidly Growing in Sacramento – Wow, a tent city forming within Sacramento? What proportion of people ended up living in shantytowns and similar impromptu dwellings and communities during the Great Depression I wonder. Ironic and sad, given the absurd oversupply of housing is what in large part triggered this economic mess. (tagged: homeless economy depression sacramento california shanty )
Wikileaks cracks NATO's Master Narrative for Afghanistan – For the love of god, even the Pentagon can't get its users to pick decent passwords? Classified messaging (propaganda) documents regarding Afghanistan posted on publicly accessible website, encrypted with the super-secret ultra-secure key: 'progress'. (tagged: propaganda transparency war pentagon military security internet )
Nationalization for Beginners – A nice short readable set of the possible definitions of "Nationalization" in the context of the banking crisis. Opponents usually mean Soviet style State Banks, proponents generally mean FDIC style conservatorship. What we've got now is a horribly opaque mishmash. (tagged: bailout crisis finance fdic economics )
Rep. John Conyers: A Reply to Larry Lessig – Conyers replies to Lessig's fairly aggressive critique of HR801 in public. Not convincing. (tagged: politics science openaccess hr801 lessig conyers publishing )
Talk on China and the Global Internet at Harvard – Rebecca MacKinnon gave a talk on the future of China within the context of the global Internet. Haven't watched it yet, but downloaded to my iTunes, and her blog is good. Ethan Zuckerman blogged it. Interesting to see how different cultures evolve their relationship with the machines independently (and how it mediates our interactions with each other) (tagged: china internet technology transparency censorship harvard )

Shared Links for Mar 4th

Fight against terror 'spells end of privacy' – Admiral Poindexter's Total Information Awareness is alive and well, and living in the front bedroom. Privacy is dead. Long live privacy! Transparency is our only hope. (tagged: transparency privacy surveillance police terrorism )
FairShare — Watch how your work spreads. Understand how it is used. – A system for tracking how your content is re-published across the web, and potentially monetizing that re-use, or just making sure that people are abiding by your creative commons license. (tagged: copyright creativecommons technology openaccess )
Dmitry Orlov: Social Collapse Best Practices – I'm sure I won't agree with Orlov on a lot of things, but I want to watch this just to see what the Dark Side is talking about. And he's reportedly funny too. (tagged: collapse economy crisis bailout longnow )
Designing a Zero-Waste City: A Visit to the San Francisco Dump – San Francisco has a stated goal of zero waste to landfill by 2020. They currently divert 70% of their municipal waste stream, composting yard and food waste, taking in construction materials, sending usable furniture, clothes, plants, etc to thrift stores. The dump even has a coveted "Artist in Residence" program. (tagged: green urban design landfill compost waste sustainability sanfrancisco )
Highway to hell revisited – A conservative commentator railing against… highways? Barring the political crap at either end of the article, I think he's got a pretty good critique of our national obsession with massive roads projects. Too bad we're just dumping a ton more cash into them. (tagged: transportation policy stimulus highways cars )
This Old House – Conservative columnist David Brooks (from late last year) talking about how one might reasonably go about using the stimulus to re-invest intelligently, instead of just gushing cash at the construction industry. Sadly, his fears appear to have been largely realized. (tagged: transportation policy stimulus infrastructure obama urban nytimes )

Shared Links for Feb 23rd

Goodbye to the Age of Newspapers – I just don't buy the lament of the newspapermen. If the papers were subsidizing the collection of "real" news with ads, how sure are we that people ever wanted news? Why exactly should we believe that there ever was some public interest at heart in journalism? I'd say it's just as likely that the fragmentation of digital media, and the trend toward tabloid fluff, is an indication that nobody (or at least, not enough people) really cared about the "serious" news in the first place. Disaggregated, opinionated, (truly) non-profit journalism will certainly be different than the muckrakers, or Big Media, but it's unclear to me that it will be worse in any way for government transparency, or democratic interchange. (tagged: technology media government transparency democracy )
The Crisis of Credit Visualized – Another great popularly accessible explanation of how we got into this mess, this time in cartoon form. Too bad there weren't any regulators in the story! (tagged: economy crisis financial animation mortgage subprime )
Bank insolvency: tips & tricks – Never, ever, feed a zombie bank. The great thing (or, one great thing) about blogs is that you can talk about serious and technical issues, using analogies to zombies. Try that in the Economist, or the WSJ. (tagged: economics finance stimulus bailout fed banks zombie )
Ann Druyan Talks About Science, Religion, Wonder, Awe, and Carl Sagan – Musings from Ann Druyan (Carl Sagan's partner) on how we might apply the wonder of the cosmos, as revealed by science, toward the creation of naturalist spiritual communities. (tagged: science religion sagan atheism naturalism cosmos spirituality )
There's no reason for non-recourse – Options are valuable. That's why we have markets for them. The trillion dollars worth of non-recourse loans (cf pawnbroker) which the Fed is apparently about to offer up to the finance industry, will, because they are non-recourse, lead to a misvaluation of the assets being bought, even if they're being bought by private entities, because the penalty for non-repayment is simply forfeiting the asset (which might very well end up being worthless). The Fed is acting like a pawn shop, but a dumb one: what pawn shop in its right mind would let you exchange your cubic zirconia for half the value of a diamond? (tagged: finance economics crisis bailout fed geithner bernanke )

Shared Links for Feb 18th

Do the British love their children too? – Two girls run over while biking to their school 3 miles away. British (and probably American) "solution": re-allocate a school bus to their area (removing the bus from somewhere else). Dutch/German/Danish solution: provide better cycling infrastructure for everyone. Guess which one I think is better. (tagged: bicycle transportation infrastructure accident bike )
MIT open prototype initiative – A project to produce modular, open (freely available, non-proprietary) prototype designs for energy efficient buildings. MIT is so awesome. (tagged: green architecture design building )
LEED Platinum Prefab Home Now Available – Taking all the design work out of building zero energy homes should make it a lot easier to build them, but the contractors doing the actual construction still need to understand what they're doing, and how their application of building techniques will affect the end performance of the building (and their profits need to be tied to that performance somehow) (tagged: green architecture leed construction buildings )
Kidnapping Chrysler – Of course Cerberus (private equity firm that owns Chrysler, not three headed dog guarding hell) has a "fiduciary obligation" to seek a handout from the Feds. And by Jove, the Feds have a fiduciary obligation to refuse to give it to them! (tagged: bailout chrysler cerberus crisis economy gm )
Where data goes when it dies – Following from the Ma.gnolia implosion, Chris Messina muses on data loss and recovery… kind of an information grieving process. What are we going to do with all of this information anyway? 100 years from now, all historians will have to be AI. (tagged: data archive backups loss microformats recovery )
What really happened at Ma.gnolia – The social bookmarking service Ma.gnolia was, despite its surprisingly large user base, basically run like Ideotrope – one guy with a server, and some (in retrospect) pretty janky backups. A couple of weeks ago, the 500GB MySQL database file got corrupted, the backups failed, and the site imploded. Lessons to be learned indeed: number one is don't do your own IT, now that S3, EC2, the Google Apps Engine, and other such scalable enterprise systems are available. We gotta get that server retired… (tagged: backups magnolia data servers hosting )
Baseline Scenario for 2009-02-09 – A rundown of the current global financial situation, and governmental attempts to get things under control. These guys aren't particularly optimistic at the moment about our ability to acknowledge just how beholden our supposedly powerful and developed governments have become to the banking industry. We're acting like Indonesia or Russia with their oligarchic overlords. (tagged: finance economy economics crisis )

Shared Links for Feb 12th – Feb 15th

Simon Johnson of the IMF on the ongoing financial bailouts – Simon Johnson works for the IMF, and what he sees in the US approach to its financial crisis is much more similar to say, Indonesia or Russia, than a "normal" developed world economic mess. He sees a clash between the government, and an oligarchy, in which currently, the oligarchy is winning. Hopefully we'll get our act together here… as the IMF isn't going to be stepping in anytime soon. (tagged: financial economy pbs moyers crisis economics politics geithner imf )
Bicycling's Into the Wild – Screw school, ride your bike into the forest and disappear. Almost sounds like me! Except instead of racing, I got into… grad school. Uh, hmm. (tagged: bicycle nytimes touring wilderness )
Roubini, Taleb, Marx, Lenin, and Python – Indeed, asking Taleb and Roubini for stock tips is like asking Karl Marx who won the English Football Cup in 1949. (tagged: roubini taleb montypython krugman economy blackswan finance )
The Orange Line Bike Path Buck Stops…Where? – Apparently there's a bikeway that parallel's the Orange Line bus rapid transit in the Valley. Who knew! Not the contractors who were paid $160,000 to maintain it, as it turns out. (tagged: ladot bike bicycle transportation bureaucracy )
Whither the War on Drugs under Kerlikowske? – Wouldn't it be nice to have a sane drug policy? Seattle's notoriously reasonable police chief has been nominated to the position of Drug Czar. I wonder if the Senate will confirm him? (tagged: drugs marijuana obama politics war seattle kerlikowske czar )