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marcusgarvey

1,115 karma · joined November 23, 2014

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marcusgarvey··on Uber Raises Funding at $62.5B Valuation
Your question about self-fulfilling prophecy is very relevant to a recent piece written by a transportation expert. Among other points he makes:

>Uber-type companies need to be understood as a radical departure from Amazon/EBay type models. Instead of displacing competitors through actual efficiencies, or by creating entirely new markets, its model is entirely based on getting the world to believe that it will inevitably dominate the entire industry. This requires aggressively suppressing any discussion of empirical economic evidence (which would undermine its case) and emphasizing the factors driving inevitability--the brilliance of its early stage investors, the ruthlessness of management, and the raw political power of the company’s wealthy supporters. PR is a component of every start-up; at Amazon/EBay it played a supporting role and relied heavily on economic evidence of competitive strengths, but at Uber PR is the heart of the plan, and replaces the need to figure out how to provide much better service at much lower cost.

https://pando.com/2015/12/01/has-pando-missed-heart-uber-pro...

marcusgarvey··on Leaked Documents Reveal Police Department Planted Drugs for Years, DA Complicit
>1) Why did our society make this error?

Because America was, and is, racist.

marcusgarvey··on Baltic Dry Index Falls Below 500 for First Time
I'm starting to wonder if "a bit longer" means "forever." There seems to be a real lack of global growth engines.
marcusgarvey··on Baltic Dry Index Falls Below 500 for First Time
This may be relevant: The Great Fall Of China Started At Least 4 Years Ago http://www.theautomaticearth.com/2015/11/the-great-fall-of-c...
marcusgarvey··on Biggest Diamond in More Than a Century Unearthed in Botswana
We have reached levels of unfathomable wealth.

>Last week, Hong Kong billionaire Joseph Lau paid 48.6 million Swiss francs ($48.4 million) at Sotheby’s in Geneva for a 12.03-carat blue diamond, the most spent on a jewel at auction. A day earlier, he paid 28.7 million francs for a 16.08-carat pink diamond. Both purchases were for his 7 year-old daughter, his office said.

marcusgarvey··on How Facebook's Safety Check Works
How does FB decide which disasters qualify for the safety check and which do not?
marcusgarvey··on Thursday Beirut suicide bombings kill 43
Don't forget when al-Shabab killed 147 college students in April in Kenya. They were allied with al-Qaeda but were being courted by ISIS.
marcusgarvey··on Thursday Beirut suicide bombings kill 43
The only way to stop an ideology is to supplant it with another, better one. I am very sorry that Turkey and the EU did not get very far with the baby steps to accession talks that they took last decade. I believe both parties, the Middle East, and its neighbors would have greatly benefitted from the cultural bridge that would have created, and the PR boost to moderate Islam vis-a-vis Wahabism. It also would have been a great engine of economic growth to both sides, which is actually rather central to the question of terrorism.

As it now stands, we must create a true diplomatic partnership with Iran, and the million-dollar question, figure out what to do about Bashar Al-Assad. Above all, we must avoid the mistakes that plagued the invasion of Iraq.

I will also be waiting with very keen ears to hear the reactions and policy positions of the U.S. presidential candidates, particularly the former Secretary of State.

I am also very interested to see if, during the upcoming climate change talks, any attention will be paid at all by anyone to the link that has been made between a worsening climate and sparks in the Arab Spring.

Finally, the draconian surveillance bill passed by the French this year did not help to prevent these attacks. So it's certainly time to re-evaluate the pros and very large cons of these dragnets.[1] We have yet more evidence that they do not work. __ [1] http://www.theverge.com/2015/7/24/9030851/france-surveillanc...

marcusgarvey··on The world is entering a third stage of a rolling debt crisis
I wish that articles like this were not confined to the international finance ghettos of The Economist and The Financial Times, but that were also discoverable in local daily American and European newspapers. Because when we talk about the professional investors chasing yield and ending up with bad outcomes, we are also talking about the pension funds and American school teachers, bus drivers, municipal workers, etc.
marcusgarvey··on In-N-Out Files Lawsuit Against Food Delivery Startup DoorDash
That's brilliant.
marcusgarvey··on Technology: Unicorns face end of the ‘steroid era’
>“Valuation setting in private markets is such a challenging process that we don’t really believe whatever number is set,” says Eric Goldman, assistant law professor at Santa Clara University. “There’s no real discipline to it.”

This is a very fair assessment.

marcusgarvey··on Safeway, Theranos Split After $350M Deal Fizzles
>Safeway Inc. spent about $350 million to build clinics in more than 800 of its supermarkets to offer blood tests by startup Theranos Inc.

>The $350 million price tag was equivalent to more than half of Safeway’s net income of $596.5 million in 2012. Safeway had revenue of $44.21 billion. Safeway also invested more than $10 million in Theranos, one former Safeway executive said.

>Two of the former Safeway executives said they told Mr. Burd, Safeway’s chief executive, about the varying employee test results.

>The former executives said Mr. Burd told them he had been reassured by Ms. Holmes. Mr. Burd continued to support the partnership with Theranos, according to the former Safeway executives.

If he hadn't retired already, he should be fired for incompetence.

marcusgarvey··on Meditations on Moloch
TPP? Moloch.

This was amazing to read.

marcusgarvey··on Five hours with Edward Snowden
Quite right. One example is the whole "support the troops" fetishism you find in the midwest and the south. If you really supported them you would not want to send them off to dangerous places for spurious reasons.
marcusgarvey··on Five hours with Edward Snowden
>The only way to deal with an unjust world is to become so absolutely free that your very existence is an act of rebellion. -Camus

I look at what younger people share online and am routinely shocked at their willingness to open the kimono. But maybe if we all overshared, everywhere, all the time, these fascists would have 0 power.

marcusgarvey··on Five hours with Edward Snowden
I would love to read more along these lines. Do you have recommendations for a McLuhan book?
marcusgarvey··on Five hours with Edward Snowden
>In 2007, FBI agents carried out so-called morning raids at the homes of people who worked or had worked at the NSA, and had tried to blow the whistle on a mass surveillance program they felt had gotten out of control. One man was dragged out of the shower in his home, a gun to his head, in front of his family. Another man opened his door and soon had the house full of black-clad agents in Kevlar vests searching his home until late at night. The home of Thomas Drake, a senior executive at the NSA, was searched, his passport was cancelled and he lived under the threat of 35 years imprisonment for four years, prosecuted under the Espionage Act. He lost his job, his pension and spent everything he owned on his defense lawyer. Today he works at an Apple store in Maryland and has been able to establish that the only person, who was investigated and prosecuted, after trying to talk to his superiors about the mass surveillance, was himself.

I remember the first time I read 1984, in middle school. To my young mind it was extremely frightening, and every time I would put it down I would have the same feeling one has when they wake up from a nightmare: relief that it was just a fiction. That it was unlikely to ever happen in real life. Snowden's revelations made me feel like that relief is gone forever.

Right after the revelations came out, I discussed it with a former journalist in Silicon Valley, who was also Jewish American. I could not believe it when he used the, "I'm-not-worried-because-I-have-nothing-to-hide" argument. I guess he never heard the reason why the Nazis were so successful in killing and imprisoning Amsterdam's Jewish population, at a rate that far exceeded other European countries.

The Dutch, you see, are meticulous record keepers. Even today you can find property records that date back to 1600s and earlier. And, at some point along the way, someone thought it would be a good idea to record people's religion, in addition to the more typical things like address and date of birth. Oh, they had been doing it long before Adolf Hitler conceived of his final solution. It must've seemed like a good idea at the time. They probably never thought those records would be used the way they were after the Germans took over the country....

marcusgarvey··on Defending A16Z
You'd be surprised at what people continue to invest in because it's fashionable, "other people's money," or because they're so thirsty for appearance of yield after an unprecedented era of rock-bottom interest rates. Despite the evidence that some alternative asset classes may not be worth the considerable fees. Most hedge funds fall squarely into this category [1]. There's also the ongoing scandal involving the U.S.'s biggest pension funds and their inability to figure out what fees they are actually paying to private equity, and hence whether the returns are worth it.

[1] http://fortune.com/2015/05/19/hedge-funds-mediocrity/ [2] http://www.nakedcapitalism.com/2015/08/calpers-private-equit...

marcusgarvey··on [dead]
>"There are no homeless people in Hawaii"

This person is sadly misinformed. http://www.marketplace.org/topics/wealth-poverty/hawaii-grap...

marcusgarvey··on Congolese Rocketeer's Personal Space Race Turns Vermin into Astronauts
Which is ironic given that the very concept of "cool" originated within various tribes of Western, Central and Eastern Africa. http://www.jstor.org/stable/3334749?seq=1#page_scan_tab_cont...
marcusgarvey··on Congolese Rocketeer's Personal Space Race Turns Vermin into Astronauts
"Urban" is also a great euphemism for "black" that often pops up.
marcusgarvey··on Congolese Rocketeer's Personal Space Race Turns Vermin into Astronauts
There have been changes to be sure. As also happened/is happening in Eastern Europe. But of course these countries have a name, no matter how new, and journalists have no problem using them in those other cases.
marcusgarvey··on Congolese Rocketeer's Personal Space Race Turns Vermin into Astronauts
Sure, and they'll continue to have limited knowledge as long as the media continues treating the continent like a monolith. WSJ readers are more sophisticated than the average, I would imagine they could handle it.
marcusgarvey··on Congolese Rocketeer's Personal Space Race Turns Vermin into Astronauts
What a great story! Sure he will inspire so many kids to get interested in science.

Also wondering: why does the headline say "African"? Africa is not a country. I don't think the WSJ says "European" when they mean "French" or "North American" when they write about somebody in Texas.

marcusgarvey··on Facebook Blocks Internet Pioneer “R.U. Sirius”
In my case, I'm 99.9% sure the info was based on my offline purchase behavior at a CVS. I had a prescription filled for a very specific condition and, a few days later, was shown a Facebook ad for a related product. Not an ad that would be shown to a general population. I had not searched about the condition anywhere online in the recent past.
marcusgarvey··on Facebook Blocks Internet Pioneer “R.U. Sirius”
I think FB is so insistent on using real names because, through its partnership with companies like Datalogix, it allows advertisers to show FB ads based on offline / elsewhere purchases. Won't work if FB doesn't have real names. Not a fan. Have personally noticed FB ads shown to me based on my purchase of a prescription drug. Tempted to go all cash when it comes to paying for health-related and other sensitive stuff.

https://www.facebook.com/notes/facebook-and-privacy/relevant...

marcusgarvey··on Gobble (YC W14) Raises $10.75M for Its 10-Minute Dinner Kits
>The company says it currently has 1 million subscribers in California, so the round will help fund its national expansion.

Paying subscribers? Or people on their email list?

marcusgarvey··on Girl, Bye
You are misrepresenting her statement in a very big way. Read it again:

"I think the entire college sports organization is embarrassing, antiquated and Rapey with a capital 'R.'"

Organization, as in "institution."

marcusgarvey··on Girl, Bye
Eh, it seems pretty obvious IMO that college sports -- and most professional organized team sports -- are not feminist. Title IX was only passed in 1972. Even the ongoing Louisville prostitution scandal is a clue.

Or do you specifically object to her use of the term "Rapey"? Even then I disagree with your characterization.

[1] https://www.insidehighered.com/news/2015/10/26/louisville-ba...

marcusgarvey··on How CEO Anne Wojcicki Turned 23andMe Around After Falling Out with the FDA
Somebody tell Theranos....
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