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Listen to season 4 of Michael Lewis' podcast. He covers the downsides in detail.

https://www.pushkin.fm/podcasts/against-the-rules

I think this is the ep that gets into the most detail, but I haven't read the transcript.

https://www.pushkin.fm/podcasts/against-the-rules/vegas-spor...

IIRC, if you're too professional or too lucky, the betting apps will restrict you and then lock you out. They only want the dumb money playing.

There's margin (on BOM cost), and then there's profit margin (above the design cost).

Design costs are probably an order of magnitude higher in USA than in China, and can't be spread over hundreds of thousands of units. I'd bet the profit isn't that great.

Those students might do better if they are taught practical uses of math, rather than STEM-focused abstractions.

(I was one of those kids going "why the hell are we learning this" until I got to grad school and was able to put it together).

I was a mid-level government manager. What most people outside don't understand is that our modern US bureaucracy isn't set up to deal with problems at scale.

This article gives an alternative from history in juxtaposition that would address a lot of problems I saw:

1. Systematic Training: The Bureau developed clear, teachable methods that managers of average competence could master.

2. Ground-Level Focus: They equipped front-line supervisors with analytical tools rather than targeting top leadership.

3. Practical Application: Training wasn't complete until managers had successfully improved an actual process in their unit.

4. Long-term Perspective: The program aimed to build sustained analytical capability rather than achieve quick wins.

edit: formatting

Training from the bottom up ("equipped front-line supervisors with analytical tools rather than targeting top leadership") helps make change in the right place at the right time. For changes to come from the top down means that problems have to reach the top first; then the "solutions" have to percolate slowly back down to implementation.

The question is not profitable. The question is can they be MORE PROFITABLE than they currently are. Some companies are unprofitable and easy targets. Others are mildly profitable, but PE can lever up their investments to goose MORE out of them, resilience and survivability be damned.

It's interesting to search for recipes in other languages and not find junk as we do in English.

I read Spanish and Italian fluently and stumble my way through Japanese (with translation). It's easier to find a good recipe in these languages, provided you can find the ingredients or substitutes.

Comic Mono 2 years ago

It's different enough from Comic Sans that it doesn't look terrible to me!

edit: drop actually from prev sentence

Assume two things and it makes more sense:

1. Harvard was aiming their students to jump straight into middle management (as it does today). 2. No ERP. No Excel spreadsheets. Mechanical calculation if you're lucky. Little communication if you're the manager in a small office. Lots of paper.

Just like today, middle managers need to know how to make business decisions quickly and correctly. This is how you get gains at the margin.

Researchers compiled lyrics to songs from five musical genres (rap, country, pop, R&B, and rock) that were released between 1970 and 2020.

This is an interesting period to sample. The late 60s and early 70s were a high watermark for pop and rock music. Pop music evolved considerably from the 40s (Crooners and jazz-dominant hits), through the 50s and early 60s ("the American Songbook"), to the emergence of psychedelic rock and the cerebral singer-songwriter in the 60s. The increased prominence of genres light rock in the 70s and hair metal in the 80s would drag complexity down.

I think if they took the period 1920-2020, the trend would not be prominent.

Ideally, wouldn't the IC's / Group of ICs' responsibility to introduce blameless culture before the incident, right?

I've worked in blameful places, always without ICs; just shouting HIPPOs.

I hope that an org evolved enough to create IC roles would back that up with culture, but I could be wrong.

I don't have such a conspiratorial take on this. Based on my previous experience in GovTech, I think this is what happened:

The project team specs out a procurement. The procurement team gets bids and handles the bureaucracy of awarding the contract. After reviewing bids, the project team selects or shortlists finalists. A special part of the procurement team then handles negotiations. The negotiators usually know little to nothing about the project other than costs. In order to get a lower price, they will negotiate away things that the project team considers important but aren't spelled out in the requirements.

Some of those things that gets easily negotiated away are rights for designs and data, even when gov't pays for their development. Negotiators are just looking for the lowest price for this particular project at this time. After all, there may or may not be extra costs in the future; they can claim wins on lower definite costs right now. Bidders know this game, and are ready and waiting to charge extra bucks for change orders down the line.

I was a lead on a multi-million dollar open-first project for gov't. I was shocked how easily someone I'd never met gave away the rights to reproduce mounting brackets. And it was no surprise that we were locked into buying extra parts that could have been fabbed elsewhere for cheaper.

No mosquitos is new. I grew up in the east bay, with a view of the GG bridge.

When I was young 25-35 years ago, I would get eaten alive at night.

I did get one bite earlier this year in downtown Oakland. It was the first in a while.

Ideally, you would have gotten bills back from the machine (if configured with something called a cash recirculator), but those aren't common.

And as a Canadian, I thought you'd be used to dollar coins ;) . The USA is pretty much the only developed country that uses bills for amounts that small-- which is a thorn in the side of the cash operation of places like NYC Transit.

I worked at the MTA for 6.5 years.

Al Putre is a guy with a friendly smile, a classic New York accent, and is not afraid to show you he's always carrying a revolver.

Oh, and a hatred of the dollar bill.

edit: formatting