Riches do not exhilarate us so much with their possession as they torment us with their loss.~Gregory I
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Re Boston University's new virus:
Some of the headlines aren’t making clear that the newly created chimeric virus is deadlier than Omicron (in mice) but less deadly than the ancestral strain. The authors, however, did not go through P3CO review, a rule requiring agencies under HHS to review grant applications for any research on “a credible source of a potential future human pandemic.”
Well, I'm sure we can rely on these elite thinkers.
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Well, I'm sure we can rely on these elite thinkers.
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The Yankees hit under .200 in winning over Cleveland.***
Managers
Top-down managers and dictators love the 'long view,' the shucking of the short-sighted and egocentric decisions of the individual. Policy and the 'Grand Vision' always win.
So, what are we to make of this?
In 2002, the Japanese Ministry of Finance’s Policy Research Institute stated: “The Japanese model was not the source of Japanese competitiveness but the cause of our failure.” Far from industrial policy positively contributing to Japan’ economic reemergence after World War II, it had created economic and political dysfunctionalities that were impeding necessary changes. Thirty years later similar patterns had become apparent with regard to the People’s Republic of China.
Top-down managers and dictators love the 'long view,' the shucking of the short-sighted and egocentric decisions of the individual. Policy and the 'Grand Vision' always win.
So, what are we to make of this?
Special interests ranging from Silicon Valley’s tech industry to Los Angeles County supervisor Mike Antonovich intervened to change the bullet train’s route through the state, which accordingly ended up in a suboptimal configuration “not based on technical and financial criteria,” as a former official told the Times. (WashPo) (These guys can't even confess honestly.)
So a government project was repurposed to benefit a few insiders. I'm shocked! Shocked!
So a government project was repurposed to benefit a few insiders. I'm shocked! Shocked!
And this?
In 2002, the Japanese Ministry of Finance’s Policy Research Institute stated: “The Japanese model was not the source of Japanese competitiveness but the cause of our failure.” Far from industrial policy positively contributing to Japan’ economic reemergence after World War II, it had created economic and political dysfunctionalities that were impeding necessary changes. Thirty years later similar patterns had become apparent with regard to the People’s Republic of China.
And this?
...after spending about $1 trillion on loans to numerous developing countries, China’s once-vaunted Belt and Road initiative (which many U.S. wonks wanted to copy) is now hemorrhaging cash, laden with bad debts, and getting rebranded as “Belt and Road 2.0.” Zero COVID and Xi’s crackdown on tech and other private companies, meanwhile, have caused entrepreneurs to flee the country. And they’re fleeing Hong Kong, too. Now come the inevitable purges of various party apparatchiks for their totally-not-sketchy “crimes” of “disloyalty” and “graft.”--Linscome
...after spending about $1 trillion on loans to numerous developing countries, China’s once-vaunted Belt and Road initiative (which many U.S. wonks wanted to copy) is now hemorrhaging cash, laden with bad debts, and getting rebranded as “Belt and Road 2.0.” Zero COVID and Xi’s crackdown on tech and other private companies, meanwhile, have caused entrepreneurs to flee the country. And they’re fleeing Hong Kong, too. Now come the inevitable purges of various party apparatchiks for their totally-not-sketchy “crimes” of “disloyalty” and “graft.”--Linscome
Sadly, the 'long view' has to struggle with the limited information--and wisdom--of managers--as well as their egocentric predatory predisposition to take advantage of 'the short run.'
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