Will Ending Firm Hierarchy Create “a Blissful Business Utopia”?

(p. 18) “The Kingdom of Happiness” doesn’t take place in Silicon Valley per se, but it is definitively about tech culture. Groth follows Tony Hsieh, the creator of Zappos, as he pours $350 million of his personal wealth into downtown Las Vegas with the goal of reinventing the area as . I won’t be giving away the story by pointing out that it doesn’t end well for Hsieh, . . .”
. . .
When she’s sober, Groth documents Hsieh’s attempt to integrate “holacracy” into his organizations, a term that rids a company of hierarchy and titles, and instead creates an all-for-one do-what-you-want mentality. (No, I’m not kidding.) It gave me a panic attack just thinking of working in a place like that.

For the full review, see:
NICK BILTON. “Denting the Universe.” The New York Times Book Review (Sunday, FEB. 19, 2017): 18.
(Note: ellipses added.)
(Note: the online version of the review has the date FEB. 14, 2017, and has the title “Pet Projects of the New Billionaires.”)

The book under review, is:
Groth, Aimee. The Kingdom of Happiness: Inside Tony Hsieh’s Zapponian Utopia. New York: Touchstone, 2017.

Rise in Cobalt Price Will Increase Quantity Supplied, and Increase Search for Substitutes

(p. B14) . . . the dreaded shortage of cobalt, which is used in the cathode of the batteries, is a bit more complicated than industry projections would suggest.
. . .
Like cobalt, rare earths aren’t so rare. China’s move to restrict exports in 2010 exacerbated the perceived shortage, sending the prices of some varieties up 10-fold. Companies such as Molycorp, Rare Element Resources Ltd. and Quest Rare Mineral Ltd., which all had some connection to reserves, saw their shares surge based on supposedly rosy prospects. Since then, all have lost nearly all of their value.
Already, Mr. Heppel explains, other users of the metal, for example in the pigments industry, are searching for alternatives. Meanwhile, some batteries, such as a design by Tesla, use less of the metal. Lower-performing batteries use none at all, and those batteries’ capabilities may improve with technological tweaks.
Supply will react too. Companies that operate copper and nickel mines, where cobalt is co-produced, are targeting expansion, and there are some pure-play cobalt mines being planned that could start producing shortly after the projected shortage hits.
For electric vehicles, this looks more like a speed bump than a cliff.

For the full commentary, see:
Spencer Jakab. “Will a Shortage of Cobalt Kill Electric-Vehicle Makers?” The Wall Street Journal (Thurs., Nov. 30, 2017): B14.
(Note: ellipses added.)
(Note: the online version of the commentary has the date Nov. 28, 2017, and has the title “Will Tesla Die for Lack of Cobalt?.”)

Only 5% of Jobs at Risk of Total Automation

(p. B6) About 15% of all hours worked globally could be automated by 2030 using technology that is currently available, McKinsey estimates. The new report builds on McKinsey’s earlier research, published in January [2017], which found that 60% of all occupations could be at least partially automated with current tools, though fewer than 5% are at risk of total automation.
Like prior waves of technological change, the adoption of new tools like machine learning and artificial intelligence will likely create more jobs than it destroys, says the Institute, the think-tank arm of consulting firm McKinsey & Co.

For the full story, see:
Lauren Weber. “Forget Robots: Bad Public Policies Can Kill More Jobs.” The Wall Street Journal (Thurs., Nov. 30, 2017): B6.
(Note: bracketed year added.)
(Note: the online version of the story has the date Nov. 28, 2017, and has the title “Forget Robots: Bad Public Policies Could Be Bigger Job Killers.”)

Supersonic Technology Constrained by Regulators

(p. B5) Japan Airlines Co. 9201 -0.09% has become the first carrier to invest in Boom Technology Inc., a U.S. startup seeking to build a faster-than-sound airliner capable of flying more than four dozen premium passengers to Tokyo from the West Coast in roughly five hours.
. . .
With a one-third scale version now scheduled to start flight tests in late 2018–nearly a year later than initially planned–JAL’s involvement is expected to influence cabin design and various operational issues. Blake Scholl, Boom’s founder and chief executive, said such cooperation is intended “to determine whether airlines will really be happy to have this airliner in their fleets,” including from a maintenance perspective.
. . .
Boom’s project has initial support from several venture funds and is taking an unusual approach by adopting various technologies already certified by regulators.

For the full story, see:
Andy Pasztor. “Supersonic Jet Gets Boost.” The Wall Street Journal (Weds., Dec. 6, 2017): B5.
(Note: ellipses added.)
(Note: the online version of the story has the date Dec. 5, 2017, and has the title “Japan Airlines Invests in Fledgling Supersonic Aircraft Company.” The online version differs significantly in wording from the print version. Where different, the passages quoted above, follow the online wording.)

Kid Paid $100,000 to Skip College and Mine Asteroids

(p. 18) As I sat down for lunch at a restaurant in Los Angeles, I placed a copy of “Valley of the Gods,” by Alexandra Wolfe, on the table, and a waitress walking by stopped to peer at the cover. . . .
“It’s about Silicon Valley,” I began. “It follows this young kid, John Burnham, who gets paid $100,000 by this weird billionaire guy, Peter Thiel, whom you’ve probably heard of; he’s a big Trump supporter and spoke at the Republican National Convention?” — a blank stare from the waitress. “Anyway, Thiel pays him (and a bunch of other kids) to forgo college so Burnham can mine asteroids, but he doesn’t actually end up mining the asteroids and. . . .”
. . .
The book begins with the protagonist, Burnham (or antagonist, depending whose side you’re on), who isn’t old enough to drink yet but is debating dropping out of college to follow the Pied Piper of libertarian and contrarian thinking, Peter Thiel, to Silicon Valley. As Wolfe chronicles, Thiel, who has a degree from Stanford University and largely credits where he is today (a billionaire) to his time at that school, started the Thiel Fellowship, in 2011, which awards $100,000 to 20 people under 20 years old to say no to M.I.T., Stanford or, in Burnham’s case, the University of Massachusetts, to pursue an Ayn Randian dream of disrupting archetypal norms.
It won’t be giving away the ending by pointing out that it doesn’t end well for Burnham.

For the full review, see:
NICK BILTON. “Denting the Universe.” The New York Times Book Review (Sunday, FEB. 19, 2017): 18.
(Note: ellipsis at end of second paragraph, in original; other two, added.)
(Note: the online version of the review has the date FEB. 14, 2017, and has the title “Pet Projects of the New Billionaires.”)

The book under review, is:
Wolfe, Alexandria. Valley of the Gods: A Silicon Valley Story. New York: Simon & Schuster, 2017.

Congestion Pricing Rises Again, as Crises Loom

(p. A18) For decades, urban planners, economists, city officials and business leaders have revived again and again some version of a toll system both to manage the city’s worsening traffic and provide more revenue for public transit. Over and over it was batted down, only to be resurrected, most recently in August when Governor Andrew M. Cuomo declared that “congestion pricing is an idea whose time has come.”
Now a state task force, called Fix NYC, has been assembled with the goal of developing another congestion pricing plan. It has been nine years since the last major effort by Mayor Michael R. Bloomberg died in Albany after state legislative leaders refused to bring it to a vote. Mr. Cuomo, after once expressing doubt about congestion pricing’s chances, is expected to unveil a plan early next year and make it a centerpiece of his legislative agenda.
This time congestion pricing is back at a moment of crisis — above ground, streets are becoming increasingly snarled in large part because of the boom in ride-hailing apps, while below ground the problem is even worse as the city’s aging subway system is riddled with delays and in dire need of money. The state-run Metropolitan Transportation Authority, which operates the subway, faces a litany of problems, including antiquated signals and overcrowded cars, that have led to frequent breakdowns — much of it documented by smartphone-toting commuters for the world to see.

For the full story, see:
WINNIE HU. “A Solution to Gridlock, Years in the Making.” The New York Times (Weds., NOV. 29, 2017): A18.
(Note: the online version of the story has the date NOV. 28, 2017, and has the title “New York’s Tilt Toward Congestion Pricing Was Years in the Making.”)

Hundreds of Thousands of Californians Moving to Texas, Arizona and Nevada

(p. A18) For more than three decades, California has seen a net outflow of residents to other states, as less expensive southern cities like Phoenix, Houston and Raleigh supplant those of the Golden State as beacons of opportunity.
. . .
. . . , for many Californians, the question is always sitting there: Is this worth it? Natural disasters are a moment to take stock and rethink the dream. But in the end, the calculation almost always comes down to cost.
. . .
California was once a migration magnet, but since 2010 the state has lost more than two million residents 25 and older, including 220,000 who moved to Texas, according to census data. Arizona and Nevada have each welcomed about 180,000 California expatriates since the start of the decade.

For the full story, see:
CONOR DOUGHERTY. “Californians Brave Fires, but Flee Cost of Living.” The New York Times (Weds., DEC. 13, 2017): A1 & A18.
(Note: ellipses added.)
(Note: the online version of the story has the date DEC. 12, 2017, and has the title “Quakes and Fires? It’s the Cost of Living That Californians Can’t Stomach.”)

“Sea-Level Projections Too High” from Global Warming

(p. A10) In the summer of 2015, two New York Times journalists joined a team of researchers in Greenland that was conducting a unique experiment: directly measuring a river of meltwater runoff on the top of the ice.
Now, the scientists have published the results of that work. A key finding — that not as much meltwater flows immediately through the ice sheet and drains to the ocean as previously estimated — may have implications for sea-level rise, one of the major effects of climate change.
The scientists say it appears that some of the meltwater is retained in porous ice instead of flowing to the bottom of the ice sheet and out to sea.
“It’s always treated as a parking lot, water runs straight off,” said Laurence C. Smith, a geographer at the University of California, Los Angeles who led the field work in 2015. “What we found is that it appears there is water retention.”
“It’s plausible that this is quite an important process, which could render sea-level projections too high,” he added.
There’s still much that remains unknown about the ice sheet, which at roughly 650,000 square miles is more than twice the size of Texas.
. . .
When he first sent the results to modelers, Dr. Smith said, “they couldn’t believe it.” After months of back-and-forth, Dr. Smith and his colleagues concluded that the model estimates were accurate, but there was something else going on with some of the meltwater. “What is missing,” he said, “is a physical process that is not currently considered by the models — water retention in ice.”
. . .
“If there’s a mismatch between observation and model,” Dr. Tedesco said, “that means the model is moving the mass in one way or another and not respecting the way things happen in the real world.”

For the full story, see:
HENRY FOUNTAIN AND DEREK WATKINS . “As Greenland Melts, Where’s the Water Going?” The New York Times (Mon., DEC. 13, 2017): A10.
(Note: ellipses added.)
(Note: the online version of the story has the date DEC. 5 [sic], 2017.)

The published article presenting the results briefly mentioned above, is:
Smith, Laurence C., Kang Yang, Lincoln H. Pitcher, Brandon T. Overstreet, Vena W. Chu, Åsa K. Rennermalm, Jonathan C. Ryan, Matthew G. Cooper, Colin J. Gleason, Marco Tedesco, Jeyavinoth Jeyaratnam, Dirk van As, Michiel R. van den Broeke, Willem Jan van de Berg, Brice Noel, Peter L. Langen, Richard I. Cullather, Bin Zhao, Michael J. Willis, Alun Hubbard, Jason E. Box, Brittany A. Jenner, and Alberto E. Behar. “Direct Measurements of Meltwater Runoff on the Greenland Ice Sheet Surface.” Proceedings of the National Academy of Sciences of the United States of America 114, no. 50 (2017): E10622-E31.

Enforcing New Blood Pressure Guidelines May Lead to Serious Falls

(p. A23) “Under New Guidelines, Millions More Americans Will Need to Lower Blood Pressure.” This is the type of headline that raises my blood pressure to dangerously high levels.
. . .
The new recommendation is principally in response to the results of a large, federally funded study called Sprint that was published in 2015 in The New England Journal of Medicine.
. . .
A blood pressure of 130 in the Sprint study may be equivalent to a blood pressure of 140, even 150, in a busy clinic. A national goal of 130 as measured in actual practice may lead many to be overmedicated — making their blood pressures too low.
. . .
Serious falls are common among older adults. In the real world, will a nationwide target of 130, and the side effects of medication lowering blood pressure, lead to more hip fractures? Ask your doctors. See what they think.
. . .
I suspect many primary-care practitioners will want to ignore this new target. They understand the downsides of the relentless expansion of medical care into the lives of more people. At the same time, I fear many will be coerced into compliance as the health care industry’s middle management translates the 130 target into a measure of physician performance. That will push doctors to meet the target using whatever means necessary — and that usually means more medications.
So focusing on the number 130 not only will involve millions of people but also will involve millions of new prescriptions and millions of dollars. And it will further distract doctors and their patients from activities that aren’t easily measured by numbers, yet are more important to health — real food, regular movement and finding meaning in life. These matter whatever your blood pressure is.

For the full commentary, see:
H. GILBERT WELCH. “Rethinking Blood Pressure Advice.” The New York Times (Thurs., NOV. 16, 2017): A23.
(Note: ellipses added.)
(Note: the online version of the commentary has the date NOV. 15, 2017, and has the title “Don’t Let New Blood Pressure Guidelines Raise Yours.”)

Welch has a book that makes a similar point, though more broadly, to that made in the passages quoted above:
Welch, H. Gilbert. Less Medicine, More Health: 7 Assumptions That Drive Too Much Medical Care. Boston, MA: Beacon Press, 2015.

France’s “Mille-Feuille” Regulations

(p. A1) France has long been known for its open hostility to corporations and its suspicion of personal wealth. Taxes were high, regulations were baffling and “It’s not possible” was the default answer to any question — if a company could even find the right person to ask.
Now, the country is in the midst of a sweeping attempt at national rebranding. Labor laws are being changed to make hiring and firing easier. New legislation has slashed a “wealth tax” that was said to drive millionaires out of the country.
. . .
(p. A5) “When you grow up in France, none of the heroes you learn about are entrepreneurs,” said Brigitte Granville, a professor of economics at Queen Mary University of London, who was raised in France. “When someone gets rich in France, people immediately ask, ‘What did he do to make this money? He must be a nasty person.'”
. . .
Now, a new crop of French leaders, most notably the free market-supporting president, Emmanuel Macron, are vigorously trying to shed this anticapitalist reputation. During his campaign, he visited London, home to as many as 400,000 French expatriates, urging them to return to France and “innovate.”
. . .
France’s economic makeover has inspired some derision outside of the country, too. It has the faint smell of desperation to people like Nicolas Mackel, the chief executive of Luxembourg for Finance, a public-private partnership that promotes the country as a business hub.
. . .
“You’ll accuse me of bashing the French,” he said over tea recently, “but earlier this year, they announced that they would have regulators who speak English. We didn’t need to do that because our regulators already speak English and always have.”
For France, English-speaking government officials would be little more than a promising start. The country has so many bewildering layers of regulations that its system is known, unaffectionately, as mille-feuille, a reference to a densely layered pastry.

For the full story, see:
DAVID SEGAL. “Paris Tries On A Fresh Look: Less Red Tape.” The New York Times (Mon., DEC. 11, 2017): A1 & A5.
(Note: ellipses added.)
(Note: the online version of the story has the date DEC. 10, 2017, and has the title “As Brexit Looms, Paris Tries a Business Makeover.”)