Category: Books

Record High Temperatures in London

(p. C6) During London’s long summer of 1858, the sweltering temperatures spawned squalor. With a population of more than 2 million, London had outgrown its medieval waste-removal systems, turning Spenser’s “sweet Thames” into an open sewer. Epidemics such as cholera and diphtheria ravaged the poor and rich alike. The stench, as we now know, was a symptom of a bacterial problem. But at the time it was believed to be, in itself, the cause of disease. The dominant medical notion of miasmas held that “noxious and morbific” contagion was carried through the air.
The heat of 1858 made the problem of London’s effluvia unignorable. At the end of May, Rosemary Ashton notes in “One Hot Summer,” the temperature was 84 degrees in the shade; there followed three months of hot days, with record highs in the 90s for the shade and well over 110 degrees in the sun.
. . .
The Great Stink, as the noisome ordeal came to be called, is a terrific subject for Ms. Ashton, the noted scholar of George Eliot, George Henry Lewes and literary London. She excels at unearthing and explaining the daily distractions of the nose-holding populace over the course of the summer: horse races, art shows, murder and divorce trials, even the breezes that, as Darwin noted, wafted thistle seeds across the English Channel from France. Ms. Ashton also convincingly uses the Great Stink as a backdrop to crisis points in the lives of three great figures of the day whose biographies rarely overlap: Darwin, Disraeli and Charles Dickens.

For the full review, see:

Alexandra Mullen. “The Stink That Sank London; As highs climbed toward 100 degrees, raw sewage roasting on the Thames created the ‘Great Stink’.” The Wall Street Journal (Saturday, Aug. 20, 2017): C6.
(Note: ellipsis added.)
(Note: the online version of the review has the date Aug. 11, 2017.)

The book under review, is:
Ashton, Rosemary. One Hot Summer: Dickens, Darwin, Disraeli, and the Great Stink of 1858. New Haven, CT: Yale University Press, 2017.

Socialized Medicine “Mummifies Its Doctors in Spools of Red Tape”

(p. A17) One of the reasons patients find condescension from doctors especially loathsome is that it diminishes them — if you’re gravely ill, the last thing you need is further diminishment. But the desires of patients, Marsh notes, are often paradoxical. They also pine for supreme confidence in their physicians, surgeons especially, because they’ve left their futures — the very possibility of one at all, in some cases — in their doctors’ custody. “So we quickly learn to deceive,” Marsh writes, “to pretend to a greater level of competence and knowledge than we know to be the case, and try to shield our patients a little from the frightening reality they often face.”
Over time, Marsh writes, many doctors start to internalize the stories they tell themselves about their superior judgment and skill. But the best, he adds, unlearn their self-deceptions, and come to accept their fallibility and learn from their mistakes. “We always learn more from failure than from success,” he writes. “Success teaches us nothing.”
This was a prominent theme in Marsh’s last book, and readers may have a sense of déjà vu while reading this one. Like “Do No Harm,” “Admissions” is wandering and ruminative, an overland trek through the doctor’s anxieties and private shames. Once again, he recounts his miscalculations and surgical catastrophes, citing the French doctor René Leriche’s observation that all surgeons carry cemeteries within themselves of the patients whose lives they’ve lost. Once again, he rails against the constraints of an increasingly depersonalized British health care system, which mummifies its doctors in spools of red tape. Once again, he describes his operating theater in all of its Grand Guignol splendor, with brains swelling beyond their skulls and suction devices “slurping obscenely” as tumors evade his reach.

For the full review, see:
JENNIFER SENIOR. “Books of The Times; Surgical Catastrophes, Private Shames.” The New York Times (Sat., Oct. 7, 2017): A17.
(Note: the online version of the review has the date Oct. 5, 2017, and has the title “Books of The Times; A Surgeon Not Afraid to Face His Mistakes, In and Out of the Operating Room.)

The book under review, is:
Marsh, Henry. Admissions: Life as a Brain Surgeon. New York: Thomas Dunne Books/St. Martin’s Press, 2017.

Reinvesting Profits Enables the Scaling Up of Success

(p. A17) Muhammad Yunus has big goals: zero world poverty, zero unemployment and zero net carbon emissions.
. . .
Mr. Yunus has long been a hero of mine for his innovative faith in the resourcefulness of low-income people.
. . .
If you want to motivate support for social enterprise, a utopian promise of “A World of Three Zeros” makes for a better book title than “Helping 60 Albanian Farmers Grow Herbs.” And Mr. Yunus’s paean to entrepreneurship does indeed deliver inspiration about the power of human creativity. But problematic arguments remain, especially his imprecise criticisms of the current economic system and the implausibility of replacing the whole system with social entrepreneurship.
A major problem is one of scale. Mr. Yunus’s many social-enterprise examples are all on the same micro level as the 60 Albanian herb farmers. And while there’s nothing wrong with making a large number of small-scale efforts to help a great many people, it doesn’t qualify as a whole new system for the $76 trillion global economy. Mr. Yunus doesn’t confront the scaling problem. He could have noted, for instance, that successful social entrepreneurs, unlike successful private entrepreneurs, by definition don’t get the high profits to reinvest in scaling up successes.

For the full review, see:
William Easterly. “BOOKSHELF; How to Solve Global Poverty.” The Wall Street Journal (Sat., Oct. 3, 2017): A17.
(Note: ellipses added.)
(Note: the online version of the review has the date Oct. 2, 2017.)

The book under review, is:
Yunus, Muhammad. A World of Three Zeros: The New Economics of Zero Poverty, Zero Unemployment, and Zero Net Carbon Emissions. New York: PublicAffairs, 2017.

FCC Spectrum Regulations Drive Innovators to Bankruptcy

(p. A17) In 2004 the FCC moved to relax L-Band rules, permitting deployment of a terrestrial mobile network. Satellite calls would continue, but few were being made, and sharing frequencies with cellular devices made eminent sense. By 2010, L-Band licensee LightSquared was ready to build a state-of-the-art 4G network, and the FCC announced that the 40 MHz bandwidth would become available. LightSquared quickly spent about $4 billion of its planned $14 billion infrastructure rollout. Americans would soon enjoy a fifth nationwide wireless choice.
But in 2012 the FCC yanked LightSquared’s licenses. Various interests, from commercial airlines to the Pentagon, complained that freeing up the L Band could cause interference with Global Positioning System devices, since they are tuned to adjacent frequencies. Yet cheap remedies–such as a gradual roll-out of new services while existing networks improved reception with better radio chips–were available. In reality, the costliest spectrum conflicts emanate from overprotecting old services at the expense of the new. With its licenses snatched away, LightSquared instantly plunged into bankruptcy.
. . .
. . . regulatory impediments continue to block progress. Years after the L-Band spectrum was slated for productive use in 4G, it lies fallow–now delaying upgrades to 5G.

For the full commentary, see:
Thomas W. Hazlett. “How Politics Stalls Wireless Innovation; The FCC unveiled its National Broadband Plan in 2010–but couldn’t stick to it.” The Wall Street Journal (Mon., Oct. 2, 2017): A17.
(Note: ellipses added.)
(Note: the online version of the commentary has the date Oct. 1, 2017.)

The commentary, quoted above, is related to the author’s book:
Hazlett, Thomas W. The Political Spectrum: The Tumultuous Liberation of Wireless Technology, from Herbert Hoover to the Smartphone. New Haven, CT: Yale University Press, 2017.

“The Tabula Rasa of the American Dream”

(p. 22) The four Keats siblings, John and George, sister Fanny, and a third brother, “star crossed” Tom, dead of tuberculosis at 19, were all well schooled in the World of Pains. The orphaned children of a shiftless stable hand, they survived on the miserly dole of a tea merchant appointed their guardian. “The lives of these orphans,” Gigante remarks, “do have the makings of fairy tale.” John trained in medicine before taking up the far riskier profession of poetry; reviews of his ambitious long poem “Endymion” were so harsh that Byron cruelly joked he was “snuffed out by an article.” George limped along as a clerk in various mercantile firms, dreaming of something more ­adventurous.
Gigante has had the clever idea of telling the stories of John and George as parallel lives, a dual biography of brothers.
. . .
In her view, George’s departure to America with his young wife, Georgiana, was “an imaginative leap across 4,000 miles onto the tabula rasa of the American dream.” And yet, nothing — nothing, that is, beyond his famous brother — distinguishes George from thousands of other immigrants who joined in the Western migration during the tough years following the French Revolution, when it became painfully clear that possibilities for advancement in class-stratified Great Britain were severely curtailed.
. . .
The land of opportunity was also the land of crushing disappointment. On his second trip to America, after blowing his inheritance on a dubious investment with his elegant friend and neighbor Audubon, and retreating from the bleak prairies to more civilized Louisville, George finally completed his sawmill. (He would have been wiser to invest in Audubon’s pictures of otters and buzzards than a crackpot steamboat scheme.) After a few years of profit, when he built a columned mansion equipped with slaves near the center of town, George lost it all again in the Panic of 1837.

For the full review, see:
CHRISTOPHER BENFEY. “Ode to Siblings.” The New York Times Book Review (Sunday, October 16, 2011): 22.
(Note: ellipses added.)
(Note: the online version of the review has the date OCT. 14, 2011, and has the title “A Keats Brother on the American Frontier.”)

The book under review, is:
Gigante, Denise. The Keats Brothers: The Life of John and George. Cambridge, MA: The Belknap Press of Harvard University Press, 2011.

Monkeys Want More Information

(p. 13) In his book “The Compass of Pleasure,” the Johns Hopkins neurobiologist David J. Linden explicates the workings of these regions, known collectively as the reward system, elegantly drawing on sources ranging from personal experience to studies of brain activity to experiments with molecules and genes. . . ,
. . . the biggest surprise, and the one most relevant to current debates, is a “revolutionary” experiment Linden discusses near the end of his book. Researchers at the National Institutes of Health gave thirsty monkeys the option of looking at either of two visual symbols. No matter which they moved their eyes to, a few seconds later the monkeys would receive a random amount of water. But looking at one of the symbols caused the animals to receive an extra cue that indicated how big the reward would be. The monkeys learned to prefer that symbol, which differed from the other only by providing a tiny amount of information they did not already have. And the same dopamine neurons that initially fired only in anticipation of water quickly learned to fire as soon as the information-providing symbol became visible. “The monkeys (and presumably humans as well) are getting a pleasure buzz from the information itself,” Linden writes.

For the full review, see:
CHRISTOPHER F. CHABRIS. “Think Again.” The New York Times Book Review (Sunday, October 16, 2011): 12-13.
(Note: ellipses added.)
(Note: the online version of the review has the date OCT. 14, 2011, and has the title “Is the Brain Good at What It Does?”)

The book under review, is:
Linden, David J. The Compass of Pleasure: How Our Brains Make Fatty Foods, Orgasm, Exercise, Marijuana, Generosity, Vodka, Learning, and Gambling Feel So Good. New York: Viking Adult, 2011.

Those with Full Bladders Are More Financially Prudent

(p. 12) The “your brain, warts and more warts” genre is well represented by the new book “Brain Bugs: How the Brain’s Flaws Shape Our Lives,” by Dean Buonomano, a neuroscientist at U.C.L.A.
. . .
. . . researchers have reported that subjects with full bladders exercised more self-control in a completely unrelated realm (financial decisions) than subjects who had been permitted to relieve themselves first — a finding that earned them this year’s Ig Nobel Prize in medicine, awarded annually to unusual or ridiculous-seeming scientific research.

For the full review, see:
CHRISTOPHER F. CHABRIS. “Think Again.” The New York Times Book Review (Sunday, October 16, 2011): 12-13.
(Note: ellipses added.)
(Note: the online version of the review has the date OCT. 14, 2011, and has the title “Is the Brain Good at What It Does?”)

The book under review, is:
Buonomano, Dean. Brain Bugs: How the Brain’s Flaws Shape Our Lives. New York: W. W. Norton & Company, 2011.

Can “Radical Transparency” Work “in Today’s Polarized and Litigious World”?

(p. B1) In 1993, Ray Dalio, the chairman of what is today the largest hedge fund in the world, Bridgewater Associates, received a memo signed by his top three lieutenants that was startlingly honest in its assessment of him.
It was a performance review of sorts, and not in a good way. After mentioning his positive attributes, they spelled out the negatives. “Ray sometimes says or does things to employees which makes them feel incompetent, unnecessary, humiliated, overwhelmed, belittled, pressed or otherwise bad,” the memo read. “If he doesn’t manage people well, growth will be stunted and we will all be affected.”
To Mr. Dalio, the message was both devastating and a wake-up call. His reaction: “Ugh. That hurt and surprised me.”
That moment helped push Mr. Dalio to rethink how he approached people and to begin developing a unique — and sometimes controversial — culture inside his firm, one based on a series of “principles” that place the idea of “radical transparency” above virtually all else.
. . .
(p. B5) Of course, the larger question is whether Mr. Dalio’s version of utopia — a place where employees feel comfortable offering blunt and in some cases brutal feedback — can exist outside Bridgewater’s controlled environment of mostly self-selecting individuals who either embrace the philosophy or quickly exit. Given the intense environment, as you might expect, there are horror stories of employees who have left in tears. Turnover among new employees is high.
Mr. Dalio’s critics — and there are many — say his principles offer permission to be verbally barbaric, and they question whether the $160 billion firm’s success is a product of such “radical transparency” or whether he can afford such a wide-ranging social experiment simply because the firm is so financially successful.
In truth, it is hard to imagine how harsh individual critiques in the workplace can work at many other organizations in today’s polarized and litigious world, where people are increasingly looking for “safe spaces” and those who say they are offended by a particular argument are derided as “fragile snowflakes.”

For the full commentary, see:
Sorkin, Andrew Ross. “DEALBOOK; Bridgewater’s Ray Dalio Dives Deeper Into the ‘Principles’ of Tough Love.” The Wall Street Journal (Sat., Sept. 5, 2017): B1 & B5.
(Note: ellipsis added.)
(Note: the online version of the commentary has the date Sept. 4, 2017, and has the title, “DEALBOOK; Bridgewater’s Ray Dalio Dives Deeper Into the ‘Principles’ of Tough Love.” )

The Dalio book, discussed above, is:
Dalio, Ray. Principles: Life and Work. New York: Simon & Schuster, 2017.

Gig Workers Have More Control Over Retirement Savings

(p. 2D) “There’s this myth that the Gig Economy equals Uber driver,” said Diane Mulcahy, who recently wrote a book on the subject. “If you are not a full-time employee in a full-time job, you are part of the Gig Economy.”
While gig workers have been around as long as there have been handymen, tutors, writers and musicians, what’s new about the Gig Economy is how quickly it has infiltrated white-collar professions and industries such as health care, finance, the law and technology, Mulcahy said. She is a private equity adviser for the Kauffman Foundation, which studies and supports entrepreneurship. As proof, she said, look at the growth of national online placement services like Toptal for tech and finance workers and Axiom for lawyers.
. . .
Managing volatile income can come down to ongoing business development and networking. Gig workers must make sure to keep business flowing through the development pipeline and writing contracts in a way that ensures ongoing cash flow, Mulcahy said.
Saving for retirement is one of the few areas where the independent contractor has an advantage because through IRAs and 401(k)s for the self-employed, they can save more quickly and at higher levels than their full-time brethren, she said.
This all comes as the economy has fundamentally changed.
“This is the future of work,” Mulcahy said. “The full-time employee is getting to be the worker of last resort.”

For the full story, see:
Miami Herald. “As full-time jobs slip away, Gig Economy movement leverages skills and passions into multiple jobs.” The Wall Street Journal (Sat., Sept. 6, 2017): 1D-2D.
(Note: ellipsis added.)
(Note: the online version of the story has the title, “As full-time jobs slip away, Gig Economy movement leverages skills and passions into multiple jobs.”)

The Mulcahy book, mentioned above, is:
Mulcahy, Diane. The Gig Economy: The Complete Guide to Getting Better Work, Taking More Time Off, and Financing the Life You Want. New York: AMACOM, 2016.

Has Jeff Bezos Given Up on Well-Paying Jobs for Average Citizens?

I have not read Scott Galloway’s new book, but suspect that there will be much in it to disagree with. But he makes a thought-provoking, and plausible, point, in the passage below, quoted from a Galloway op-ed piece.

(p. C3) I recently spoke at a conference the day after Jeff Bezos. During his talk, he made the case for a universal guaranteed income for all Americans. It is tempting to admire his progressive values and concern for the public welfare, but there is a dark implication here too. It appears that the most insightful mind in the business world has given up on the notion that our economy, or his firm, can support that pillar of American identity: a well-paying job.

For the full commentary, see:
Scott Galloway. “Amazon Takes Over the World.” The Wall Street Journal (Sat., Sept. 23, 2017): C3.
(Note: the online version of the commentary has the date Sept. 22, 2017.)

The commentary, quoted above, is related to the author’s book:
Galloway, Scott. The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google. New York: Portfolio, 2017.