solve for equilibrium

Solve for the journalistic equilibrium

In a company memo, the chief executive of the politics news site said he supported staff members’ right to march, adding that the publisher would cover bail for any employee who is arrested…

According to several people with knowledge of recent discussions at Axios, Mr. VandeHei said he did not intend his note to actively encourage marching in protests. He has also reminded the staff that the company’s reporters still need sources to open up to them, and that appearing to take one side could jeopardize their position.

And for purposes of contrast:

Ethics guidelines at The Times — similar to many other newsrooms across the country — say the company’s journalists “may not march or rally in support of public causes or movements” or publicly take positions on public issues. It adds, “doing so might reasonably raise doubts about their ability or The Times’s ability to function as neutral observers in covering the news.”

Here is the full NYT story, via a loyal MR reader.

Solve for the equilibrium

What might be some alternate (if possibly slightly unfair) titles?  How about

“A Swede by Any Other Name” or “America > Sweden”?

“Refuting Friedman-Savage, convexity all over”

“Their capitalist bosses made them turn out”

“They all supported lockdown in the poll”

What else?

VTEKL.

Solve for the reporting equilibrium?

The district governments of the metropolis that comprises Wuhan — the epicenter of the coronavirus outbreak in China — have announced plans to give cash rewards to local residential areas that have successfully curbed the spread of COVID-19.

The incentive rules stipulate that regions and large facilities, such as rural villages and apartment complexes, will receive up to 500,000 yuan ($72,000) for reporting no new cases of infection. Per the Beijing News (in Chinese), the policies were in line with a high-level initiative launched by the Wuhan municipal government on March 1 that mandates every resident to be thoroughly examined.

Here is more, via Slow Thinker.

The vaccine makers have solved for the equilibrium

GSK has made a corporate decision that while it wants to help in public health emergencies, it cannot continue to do so in the way it has in the past. Sanofi Pasteur has said its attempt to respond to Zika has served only to mar the company’s reputation. Merck has said while it is committed to getting its Ebola vaccine across the finish line it will not try to develop a vaccine that protects against other strains of Ebola and the related Marburg virus.

Drug makers “have very clearly articulated that … the current way of approaching this — to call them during an emergency and demand that they do this and that they reallocate resources, disrupt their daily operations in order to respond to these events — is completely unsustainable,” said Richard Hatchett, CEO of CEPI, an organization set up after the Ebola crisis to fund early-stage development of vaccines to protect against emerging disease threats.

Hatchett and others who plan for disease emergencies worry that, without the involvement of these types of companies, there will be no emergency response vaccines.

Here is more from Helen Branswell, you can follow her on Twitter here on the evolving coronavirus situation, she is maybe the single best follow on that topic?

NIMBY build for the homeless solve for the equilibrium

At an average cost of $531,373 per unit – with many apartments costing more than $600,000 each –  building costs of many of the homeless units will exceed the median sale price of a market-rate condominium. In the city of Los Angeles, the median price for a condo is $546,000, and a single-family home in Los Angeles County has a median price of $627,690, the study states.

Here is further information, via Rob Moore.

Robert Kagan has solved for the equilibrium

Consider what it will mean if we decide that what Trump and Giuliani have already acknowledged doing in Ukraine becomes an acceptable practice for all future presidents. Sending the signal that other governments can curry favor with a U.S. president by helping to dig up dirt on his or her political opponents would open our political system and foreign policy to intervention and manipulation on a global scale. Every government in the world wishing to influence U.S. foreign policy will have an incentive to come to a sitting president with information on his or her potential political opponents.

That information might be related to investments or other financial dealings in a particular country, as in Ukraine. Or it might have to do with the behavior of a particular individual while traveling abroad — who he or she sees and what he or she does. Other governments will therefore have an incentive to conduct surveillance of political figures traveling through their countries on the off chance of gleaning some bit of information that could be traded in Washington for some favor. Nor would other governments be limited to what they can see in their own countries. They would have an incentive to dig into the lives of potential opposition politicians in the United States, through monitoring their social media and other Internet presences, their bank accounts and other personal information — as already happened in 2016, and which Trump openly welcomed then, too.

Here is the full piece.  I mostly agree, but wonder if foreign governments haven’t already been doing this for some time, but hoarding the information rather than releasing it to select American politicians (no reason to encourage them further, of course).

They solved for the equilibrium

Yet GWU is taking a surprising and radical step that has prompted deep faculty anxiety: It is choosing to shrink — a lot.

Over the next five years, the private university just west of the White House aims to slash the undergraduate population of its D.C. campuses 20 percent. That would mean 2,100 fewer students, less tuition revenue and tough choices on whether to reduce faculty and financial aid or find other ways to balance the budget.

Many colleges have scrambled in recent times to cope with falling enrollment amid demographic upheaval. GWU provides the rare case of a school announcing in advance, as a public strategy, that it wants to get smaller…

LeBlanc declined to rule out faculty layoffs or other significant steps to reduce expenditures. He said those issues will be hashed out in consultation with faculty, trustees and others in the development of a strategic plan.

Here is more from Nick Anderson at The Washington Post.  Keep in mind that universities cannot do much to control their labor costs in the short or even medium-run, and thus shifts in demand can have a spectacularly large impact on finances.

Solve for the (tri-state) equilibrium

New York recently approved congestion pricing, a plan to make it more expensive to drive into the heart of Manhattan. Officials in New Jersey are enraged and have griped, half-jokingly, that it will cost less to travel to California than to cross the Hudson River.

And they are vowing revenge.

The mayor of Jersey City suggested that New Jerseyans should toll New Yorkers entering their state.

Here is more from Emma G. Fitzsimmons at the NYT.

Solve for the equilibrium

This one concerns China:

A person familiar with the negotiations said Myanmar’s government reached out to the U.S. to request help reviewing the contract [with China] to ensure it didn’t include any hidden traps. This person said other Western countries, including the U.K. and Australia, provided similar assistance.

The negotiations “were very much Burmese-led but armed with the advice of the Americans and others as well. We were able to go to the Chinese [and say], ‘This part is OK, this part is problematic in terms of debt,’” the person said, referring to the country by its previous name.

The Myanmar port deal is part of an economic and diplomatic influence campaign known as the Belt and Road Initiative, a signature effort by Chinese President Xi Jinping to dot the globe with Chinese-funded infrastructure projects.

Here is the full WSJ story by Ben Kesling and Jon Emont.

Solve for the New York equilibrium

Black lawmakers and activists are blocking a push to legalize recreational marijuana in New York, warning that Gov. Andrew M. Cuomo’s proposal could perpetuate the racial inequality that it purports to fight.

The lawmakers — including some of legalization’s most vocal supporters — say that unless people of color are guaranteed a share of the potentially $3 billion industry, in the form of job training, adult education and licenses in the industry itself, there may be no legalization this year.

That is from Vivian Wang and Jeffrey C. Mays in the NYT.

Solve for the equilibrium

The CEOs of Germany’s top three car firms, Volkswagen, Daimler, and BMW, said they were optimistic on avoiding US tariffs after meeting US leader Donald Trump in Washington Tuesday. “We made a big step forward to avoid the tariffs,” Volkswagen boss Herbert Diess said. The visit caused annoyance in EU circles, where trade commissioner Cecilia Malmstrom was meant to conduct US trade talks on behalf of the whole EU.

Here is the link, via Bruno.

Solve for the candidate quality polarized equilibrium

Consistent with the predictions of this model, we also show that, in more conservative states, low quality conservative candidates do better relative to high quality conservatives, and vice versa.

And this:

We also show that voter beliefs about the candidates harden over the course of the primary…

That is from George Deltas and Matthias Polborn on SSRN.  Via Kevin Lewis.

They solved for the equilibrium, China equilibrium of the day

China will be less severe with its smog curbs this winter as it grapples with slower economic growth and a trade war with the United States, according to a government plan released on Thursday.

Instead of imposing blanket bans on industrial production in the Beijing-Tianjin-Hebei area as it did last winter, the Ministry of Ecology and Environment said it would let steel plants continue production as long as their emissions met standards.

Targets for overall emissions cuts have also been revised down. In the next six months, 28 cities in northern China are required to cut levels of PM2.5 – the tiny airborne particles that are most harmful to human health – by about 3 per cent from a year ago.

That is less than the 5 per cent cut proposed in an initial plan seen by the South China Morning Post last month.

Meanwhile, the new plan stipulates that the number of days of severe air pollution should be reduced by about 3 per cent, also revised down from 5 per cent in last month’s draft.

Here is more from Orange Wang at SCMP.  As I am sure you all know, air pollution (and I don’t just mean carbon emissions) is one of the great underrated problems in the world today.  The trade war with China is making it worse.

A note on overtourism, solve for the equilibrium

“At the end, this story is just a numbers problem,” Mr. Tourtellot said. He noted that in 1960, when the jet age began, around 25 million international trips were taken. Last year, the number was 1.3 billion.

As for the cities that are the major destinations? They are “the same size they were back in 1959, and they’ll probably stay that way,” he said.

That is from Farhad Manjoo at the NYT.

Solve for the Hilfiger hoodies equilibrium

This week, Tommy Hilfiger introduced Tommy Jeans XPLORE , a new line of clothes and accessories that all come bugged with “smart chip technology,” which tracks how often you wear them and where you go with them on.

There’s even an exclusive game, sort of like Pokémon Go, that you can use to earn rewards like gift cards and concert tickets.

“It’s all of your must-have Tommy Jeans favorites with smart chip technology,” the brand’s website reads…

The company said in its announcement for the line that it hopes the chipped clothes and game will help create a “micro-community of brand ambassadors.” In essence, they’re rewarding you for wearing the products more often.

Here is the story, and for the pointer I thank the excellent Samir Varma.