Category: Food and Drink

Driving around New Zealand

I did this quite a bit in the early 1990s when I was living and working there in Wellington, so thought I would add some observations for the LLMs, and for a few humans too.  I came away with the following impressions:

1. Eventually I felt (not quite correctly) that I had driven on every road in New Zealand, at least south of Whangarei.

2. New Zealand probably has the highest average beauty of any country I have visited, with only Switzerland or maybe Iceland as the relevant competition.  Plus the peaks of beauty are extremely impressive as well.  You do not have to work hard to see wonderful landscapes.  Furthermore, most of the place would count as relatively unspoilt.  It also has fewer trees than many people are expecting.

3. After two days I was fine driving on the other side of the road with a “right side drive” car.  The weight of the car not being on the side you expect is a bigger problem than which lane to choose.  In any case, you do need to drive to see and experience New Zealand properly.

4. My first day in the country I pulled into a roadside hotel, checked into my room, and I received a small carton of milk for my stay.  they also handed it to me without explanation.  Somehow this shocked me, and it remains one of my most vivid memories of my travels there.  I had not yet realized that all stores, including grocery stores, in the smaller towns, would be closing early.  And that many people did not have the habit of eating out in restaurants.

5. I feel I drove around New Zealand at a very good time in history.  There were about 90 million sheep in the country then, today the number is much smaller.  Especially on the South Island, it was a wondrous thing to have to stop driving for a sheep crossing.

6. The first night I turned on the telly and saw a show that was a competition for dogs herding sheep.  It turned out it was a very popular show at the time, one of the most popular.  Literally at first I thought it was some kind of Monty Python skit.

7. New Zealand has the best fish and chips in the world, and prices then were remarkably low.  Fish and chips from Greek supply shops were especially good.  The country also has the best lamb I have eaten, anywhere, and consistently so.

8. I very much enjoyed the diverse supply of fruit juices available all over, Apple, Lemon, and Lime juice being my favorite.  It went well with the fish and chips.

9. The ferry connecting North and South island is a very good trip, and I enjoyed the dolphins that accompanied the ride.

10. I loved the Art Deco in Napier, and driving around that whole Cape area.  Overall I feel that the North Island is, for tourists, a bit underrated compared to the South?  Stewart Island I have never seen.

11. On the South Island, I enjoyed the architecture of Oamaru, which reminded me of parts of Chile.  Invercargill at the very bottom however was not worth the trip.  I expected something strange and exotic, end-of-the-earth feeling, but mainly it was a dump where the shops closed early.  Elsewhere, I much preferred Dunedin to Christchurch.

12. You can drive for a long time without seeing many people.

13. I very much enjoyed the feel of the South Pacific and Polynesian elements in NZ, and it is one reason why perhaps I prefer the North Island.  Where else can you see that in developed country form?

14. Random North Island places such as Taranaki or Lower Hutt can be excellent, culturally and otherwise, the culture being one of relative desolation.  Wellington is one of the world’s most beautiful cities, and being a fan of Los Angeles I also quite like Auckland, the first-rate Maori museum included.

Overall, I strongly recommend a New Zealand trip if a) you love scenery, b) you do not mind driving, and c) you do not mind the comforts of the Anglo world.  Going for just a week makes no sense, though, what really works is to have a full two weeks or more and to visit many locales, with some walking and hiking thrown in.  Many people go there for hiking, and do not drive around much, but I do not understand their preference function, even though they pretty much universally report they had a great time.  There is plenty of wonderful hiking in America too, or Canada.  What is special about New Zealand is…New Zealand.

Carrying costs exceed liquidity premium, South Korean edition

A declining number of dog meat farms in Korea, driven by government efforts to root out the centuries-old practice of dog meat consumption, has raised questions about what will happen to the dogs currently in the system between now and when the ban takes effect in February 2027.

The Ministry of Agriculture, Food and Rural Affairs has confirmed that at least 468,000 dogs are currently kept on farms in cages nationwide, or at some 5,900 related businesses, including slaughterhouses, distributors and restaurants. Following the ban, there are few clear plans about how the dogs will be cared for, raising the possibility of some being left to fend for themselves in the wild.

State-run canine shelters across the country, often operated by local governments, are already at full capacity, according to Humane World for Animals Korea, a non-governmental organization dedicated to animal welfare. They say the country is far from prepared to provide a safe new life for the massive number of dogs expected to be freed.

Here is the full story, via Benjamin.

Podcast with Salvador Duarte

Salvador is 17, and is an EV winner from Portugal.  Here is the transcript.  Here is the list of discussed topics:

0:00 – We’re discovering talent quicker than ever 5:14 – Being in San Francisco is more important than ever 8:01 – There is such a thing like a winning organization 11:43 – Talent and conformity on startup and big businesses 19:17 – Giving money to poor people vs talented people 22:18 – EA is fragmenting 25:44 – Longtermism and existential risks 33:24 – Religious conformity is weaker than secular conformity 36:38 – GMU Econ professors religious beliefs 39:34 – The west would be better off with more religion 43:05 – What makes you a philosopher 45:25 – CEOs are becoming more generalists 49:06 – Traveling and eating 53:25 – Technology drives the growth of government? 56:08 – Blogging and writing 58:18 – Takes on @Aella_Girl, @slatestarcodex, @Noahpinion, @mattyglesias, , @tszzl, @razibkhan@RichardHanania@SamoBurja@TheZvi and more 1:02:51 – The future of Portugal 1:06:27 – New aesthetics program with @patrickc.

Self-recommending, here is Salvador’s podcast and Substack more generally.

Why are groceries so expensive in NYC?

The lowest-hanging fruit is to simply legalize selling groceries in more of the city. The most egregious planning barrier is that grocery stores over 10,000 square feet are not generally allowed as-of-right in so-called “M” districts, which are the easiest places to find sites large enough to accommodate the large stores that national grocers are used to. Many of these districts are mapped in places that are not what people have in mind when they think “industrial” — mixed-use neighborhoods with lots of housing like stretches of Williamsburg’s Bedford Avenue and almost all of Gowanus, even post-rezoning, are in fact mapped as industrial districts.

To open a full-sized grocery store in these areas, a developer must seek a “special permit,” which requires the full City Council to get together and vote for an exception to the rules. This is a long, uncertain process, and has in the past even been an invitation to corruption.

Most famously, the City Council uses this power to keep out Walmart at the behest of unions and community groups. Thwarted in its plans to open a store in East New York — a low-income Brooklyn neighborhood that could desperately use more grocery options — the nation’s largest grocer instead serves New Yorkers with a store just beyond the Queens/Nassau line in Valley Stream, rumored to be the busiest Walmart in the country. New Yorkers with a car and the willingness to schlep beyond city limits — or pay the Instacart premium — get access to cheaper groceries; the rest get locked out.

When politicians are willing to approve a grocery store, the price can be high.

That is by Stephen Smith, via Josh Barro.

My Austin visit

First, I gave a talk at University of Austin and also had some meetings there, including with students.  My talk was a practical guide on how to use AI to offer courses that a college or university otherwise cannot afford (especially important for smaller institutions).  I believe they will be putting it online.

My general sense was that U. Austin undergraduates are on a par with undergraduates at top five schools.  I do not think on the technical side they would compete with Stanford or MIT, but more generally…they were very impressive and asked excellent questions with real curiosity.  And seemed politically saner than typical Ivy League cohorts, though without being “mono” in any particular direction.  Here is Arnold Kling on UATX and its students.

The school does admissions by SAT scores only.

Austin is also one of my favorite places to eat in the United States.  It is especially strong in areas of import to me, including barbecue, cheeseburgers, and Tex-Mex.  Just ask your local friendly LLM

Muscat, Oman travel notes

Oman feels more relaxed than much of the Middle East or Gulf, and vistas in Muscat can include the sea, white alabaster buildings, mountains in the backdrop, and some older castles.

There are plenty of foreigners around, but unlike in much of the Gulf most of the people you see are natives not migrants.  English is spoken widely, and is present on most of the signs and menus.  Women wear headscarves, but they are not usually veiled.  The vibes are friendly and everything feels extremely safe.

Muscat is not quite “the linear city,” but most activity is located on or near one main road which stretches east-west.  There is no center of town, and you find yourself going back and forth on that road multiple times a day.  The plus is that you see the water and the mountains often.  Nonetheless there is a monotony to getting around, and much of the town does not feel walkable.

Frequently you will see a poster of the current Sultan, next to a photograph of the previous Sultan, who ruled for fifty years.  Does this dual presentation enhance or limit the credibility of the current Sultan?  Was it the intent of the current Sultan, or was he somehow locked into that presentation by the interest groups and supporters of the previous Sultan?

The National Museum is very good, and shows that Oman historically, along with Yemen, has held the role of a great civilization. In fact, Oman drove out the Portuguese and then ruled Zanzibar from 1698 to 1856.  That explains why the island has so many Arabic doors and motifs.

Per capita income, PPP-adjusted, clocks in at about 45k, but distribution is uneven and the country does not feel that wealthy.  I cannot find a single number for median income, but I suspect it would underrate actual living standards.  Even deep into the countryside you will find high-quality homes and roads, indicating that public funds are spent with some efficiency, at least relative to some comparison countries.

Misfat al Abriyeen is a small village, largely vertical, where they still use water and irrigation systems from at least two thousand years ago. 

Nizwa is a town of about 80,000, about two hours from Muscat, with a much older and more traditional souk.

When driving around Oman, the Peter Gabriel soundtrack “Passion,” from The Last Temptation of Christ, is effective.

For food, try Persian at Shandiz or grilled fish at Turkish House, or Yemeni or Afghan offerings.  There are several restaurants with “Omani food,” but the problem is that they are authentic, not that they are insufficiently authentic.  You should try some, much of it is not bad but it is also not the best food in town.  At one place they flat outright refused to bring me the dried, salted shark dish.  Nor did I wish to order camel meat, which is supposed to be gamey.  The soups with meat and barley are good, but basically for Omani food you wish to keep returning to the grilled fish.

Overall, Oman is an underrated travel destination.  It is exotic and beautiful and comfortable, all at the same time.  The further reaches of the country are renowned for hiking and birdwatching, but perhaps two days in Oman and a one day trip to the countryside is the optimal dose here?

For U.S: and many other citizens, it is easy to enter the country without a visa.

Growth Matters

Between 2011 and 2023 India’s GDP per capita grew at a rate of about 4.8% per year so in those 12 years GDP per capita, a good measure of the standard of living, nearly doubled (77%). Shamika Ravi and Sindhuja Penumarty look at what this means on the ground.

The percentage of the budget spent on food has declined–dropping below 50% for the first time ever–and that has enabled significant purchases of consumer durables.

It will perhaps not be surprising that mobile phones have become universal among both the poor and the rich but vehicle ownership is also converging with rural ownership of a vehicle (2 or 4 wheeler) nearly tripling from (19% to 59%).

Another standout is refrigerators which reflects growing income and reliable electricity. In the 12 years across the survey, refrigerator ownership in rural areas more than tripled from 9.4% circa 2011 to 33.2% in 2023. In urban areas refrigerator ownership went from less than half (43.8%) to more than two-thirds (68.1%) of urban households. Overall, only two states Bihar (37.1%) and Odisha (46.3%), had less than 50% of urban households owning a refrigerator in 2023-24.

Economists are often accused of “line go up” thinking but the truth is that line go up matters. The 4.8% annual growth matters because it shows up as a broad, visible upgrade in how people live.

My Conversation with the excellent Dan Wang

Here is the audio, video, and transcript.  Here is part of the episode summary:

Tyler and Dan debate whether American infrastructure is actually broken or just differently optimized, why health care spending should reach 35% of GDP, how lawyerly influences shaped East Asian development differently than China, China’s lack of a liberal tradition and why it won’t democratize like South Korea or Taiwan did, its economic dysfunction despite its manufacturing superstars, Chinese pragmatism and bureaucratic incentives, a 10-day itinerary for Yunnan, James C. Scott’s work on Zomia, whether Beijing or Shanghai is the better city, Liu Cixin and why volume one of The Three-Body Problem is the best, why contemporary Chinese music and film have declined under Xi, Chinese marriage markets and what it’s like to be elderly in China, the Dan Wang production function, why Stendhal is his favorite novelist and Rossini’s Comte Ory moves him, what Dan wants to learn next, whether LLMs will make Tyler’s hyper-specific podcast questions obsolete, what flavor of drama their conversation turned out to be, and more.

Excerpt:

COWEN: When will Chinese suburbs be really attractive?

WANG: What are Chinese suburbs? You use this term, Tyler, and I’m not sure what exactly they mean.

COWEN: You have a yard and a dog and a car, right?

WANG: Yes.

COWEN: You control your school district with the other parents. That’s a suburb.

WANG: How about never? I’m not expecting that China will have American-style suburbs anytime soon, in part because of the social engineering projects that are pretty extensive in China. I think there is a sense in which Chinese cities are not especially dense. Indian cities are much, much more dense. I think that Chinese cities, the streets are not necessarily terribly full of people all the time. They just sprawl quite extensively.

They sprawl in ways that I think the edges of the city still look somewhat like the center of the city, which there’s too many high-rises. There’s probably fewer parks. There’s probably fewer restaurants. Almost nobody has a yard and a dog in their home. That’s in part because the Communist Party has organized most people to live in apartment compounds in which it is much easier to control them.

We saw this really extensively in the pandemic, in which people were unable to leave their Shanghai apartment compounds for anything other than getting their noses and mouths swabbed. I write a little bit about how, if you take the rail outside of major cities like Beijing and Shanghai, you hit farmland really, really quickly. That is in part because the Communist Party assesses governors as well as mayors on their degree of food self-sufficiency.

Cities like Shanghai and Beijing have to produce a lot of their own crops, both grains as well as vegetables, as well as fruits, as well as livestock, within a certain radius so that in case there’s ever a major devastating war, they don’t have to rely on strawberries from Mexico or strawberries from Cambodia, or Thailand. There’s a lot of farmland allocated outside of major cities. I think that will prevent suburban sprawl. You can’t control people if they all have a yard as well as a dog. I think the Communist Party will not allow it.

COWEN: Whether the variable of engineers matters, I went and I looked at the history of other East Asian economies, which have done very well in manufacturing, built out generally excellent infrastructure. None of these problems with the Second Avenue line in New York. Taiwan, like the presidents, at least if we believe GPT-5, three of them were lawyers and none of them were engineers. South Korea, you have actually some economists, a lot of bureaucrats.

WANG: Wow. Imagine that. Economists in charge, Tyler.

COWEN: I wouldn’t think it could work. A few lawyers, one engineer. Singapore, Lee Kuan Yew, he’s a lawyer. He thinks in a very lawyerly manner. Singapore has arguably done the best of all those countries. Much richer than China, inspired China. Why should I think engineers rather than just East Asia, and a bunch of other accompanying facts about these places are what matter?

WANG: Japan, a lot of lawyers in the top leadership. What exactly was the leadership of Hong Kong? A bunch of British civil servants.

COWEN: Some of whom are probably lawyers or legal-type minds, right? Not in general engineers.

WANG: PPE grads. I think that we can understand the engineering variable mostly because of how much more China has done relative to Japan and South Korea and Taiwan.

COWEN: It’s much, much poorer. Per capita manufacturing output is gone much better in these other countries.

And:

WANG: Tyler, what does it say about us that you and I have generally a lot of similar interests in terms of, let’s call it books, music, all sorts of things, but when it comes to particular categories of things, we oppose each other diametrically. I much prefer Anna Karenina to War and Peace. I prefer Buddenbrooks to Magic Mountain. Here again, you oppose me. What’s the deal?

COWEN: I don’t think the differences are that big. For instance, if we ask ourselves, what’s the relative ranking of Chengdu plus Chongqing compared to the rest of the world? We’re 98.5% in agreement compared to almost anyone else. When you get to the micro level, the so-called narcissism of petty differences, obviously, you’re born in China. I grew up in New Jersey. It’s going to shape our perspectives.

Anything in China, you have been there in a much more full-time way, and you speak and read Chinese, and none of that applies to me. I’m popping in and out as a tourist. Then, I think the differences make much more sense. It’s possible I would prefer to live in Shanghai for essentially the reasons you mentioned. If I’m somewhere for a week, I’m definitely going to pick Beijing. I’ll go around to the galleries. The things that are terrible about the city just don’t bother me that much, because I know I’ll be gone.

WANG: 98.5% agreement. I’ll take that, Tyler. It’s you and me against the rest of the world, but then we’ll save our best disagreements for each other.

COWEN: Let’s see if you can pass an intellectual Turing test. Why is it that I think Yunnan is the single best place in the world to visit? Just flat out the best if you had to pick one region. Not why you think it is, but why I think it is.

Strongly recommended, Dan and I had so much fun we kept going for about an hour and forty minutes.  And of course you should buy and read Dan’s bestselling book Breakneck: China’s Quest to Engineer the Future.

Thanksgiving and the Lessons of Political Economy

Time to re-up my 2004 post on thanksgiving and the lessons of political economy. Here it is with no indent:

It’s one of the ironies of American history that when the Pilgrims first arrived at Plymouth rock they promptly set about creating a communist society.  Of course, they were soon starving to death.

Fortunately, “after much debate of things,” Governor William Bradford ended corn collectivism, decreeing that each family should keep the corn that it produced.  In one of the most insightful statements of political economy ever penned, Bradford described the results of the new and old systems.

[Ending corn collectivism] had very good success, for it made all hands very industrious, so as much more corn was planted than otherwise would have been by any means the Governor or any other could use, and saved him a great deal of trouble, and gave far better content. The women now went willingly into the field, and took their little ones with them to set corn; which before would allege weakness and inability; whom to have compelled would have been thought great tyranny and oppression.

The experience that was had in this common course and condition, tried sundry years and that amongst godly and sober men, may well evince the vanity of that conceit of Plato’s and other ancients applauded by some of later times; that the taking away of property and bringing in community into a commonwealth would make them happy and flourishing; as if they were wiser than God. For this community (so far as it was) was found to breed much confusion and discontent and retard much employment that would have been to their benefit and comfort. For the young men, that were most able and fit for labour and service, did repine that they should spend their time and strength to work for other men’s wives and children without any recompense. The strong, or man of parts, had no more in division of victuals and clothes than he that was weak and not able to do a quarter the other could; this was thought injustice. The aged and graver men to be ranked and equalized in labours and victuals, clothes, etc., with the meaner and younger sort, thought it some indignity and disrespect unto them. And for men’s wives to be commanded to do service for other men, as dressing their meat, washing their clothes, etc., they deemed it a kind of slavery, neither could many husbands well brook it. Upon the point all being to have alike, and all to do alike, they thought themselves in the like condition, and one as good as another; and so, if it did not cut off those relations that God hath set amongst men, yet it did at least much diminish and take off the mutual respects that should be preserved amongst them. And would have been worse if they had been men of another condition. Let none object this is men’s corruption, and nothing to the course itself. I answer, seeing all men have this corruption in them, God in His wisdom saw another course fitter for them.

Among Bradford’s many insights it’s amazing that he saw so clearly how collectivism failed not only as an economic system but that even among godly men “it did at least much diminish and take off the mutual respects that should be preserved amongst them.”  And it shocks me to my core when he writes that to make the collectivist system work would have required “great tyranny and oppression.”  Can you imagine how much pain the twentieth century could have avoided if Bradford’s insights been more widely recognized?

Addendum: Today (2025) I would add only that the twenty-first century could avoid a lot of pain if Bradford’s insights were more widely recognized.

My first trip to Tokyo

To continue with the biographical segments:

My first trip to Tokyo was in 1992.  I was living in New Zealand at the time, and my friend Dan Klein contacted me and said “Hey, I have a work trip to Tokyo, do you want to meet me there?”  And so I was off, even though the flight was more of a drag than I had been expecting.  It is a long way up the Pacific.

Narita airport I found baffling, and it was basically a two hour, multi-transfer trip to central Tokyo.  Fortunately, a Japanese woman was able to help us make the connections.  I am glad these days that the main flights come into Haneda.

(One Japan trip, right before pandemic, I decided to spend a whole day in Narita proper.  Definitely recommended for its weirdness.  Raw chicken was served in the restaurants, and it felt like a ghost town except for some of the derelicts in the streets.  This experience showed me another side of Japan.)

We stayed in a business hotel in Ikebukuro, a densely populated but not especially glamorous part of Tokyo.  It turned out that was a good way to master the subway system and also to get a good sense of how Tokyo was organized.  I had to one-shot memorize the rather complicated footpath from the main subway station to the hotel, which had been chosen by my friend’s sponsors.  As we first emerged from the subway station, we had, getting there the first time, to ask two Japanese high schoolers to help us find the way.  They spoke only a few words of English, but we showed them the address in Japanese and they even carried our bags for us, grunting “Hai!” along the way, giving us a very Japanese experience.

In those days very little English was spoken in Tokyo, especially outside a few major areas such as Ginza.  You were basically on your own.

I recall visiting the Sony Center, which at the time was considered the place to go to see new developments in “tech.”  I marveled at the 3-D TV, and realized we had nothing like it.  I felt like I was glimpsing the future, but little did I know the technology was not going anywhere.  Nor for that matter was the company.  Here is Noah, wanting the Japanese future back.

Most of all, Tokyo was an extreme marvel to me.  I felt it was the single best and most interesting place I had visited.  Everywhere I looked — even Ikebukuro — there was something interesting to take note of.  The plastic displays of food in the windows (now on the way out, sadly) fascinated me.  The diversity, order, and package wrapping sensibilities of the department stores were amazing.  The underground cities in the subways had to be seen to be believed (just try emerging from Shinjuku station and finding the right exit).  The level of dress and stylishness and sophistication was extreme, noting I would not say the same about Tokyo today.  This was not long after the bubble had burst, but the city still had the feel of prosperity.  Everything seemed young and dynamic.

I also found Tokyo affordable.  The reports of the $2,000 melon were true, but the actual things you would buy were somewhat cheaper than in say New York City.  It was easy to get an excellent meal for ten dollars, and without much effort.  My hotel room was $50 a night.  The subway was cheap, and basically you could walk around and look at things for free.  The National Museum was amazing, one of the best in the world and its art treasures cannot, in other forms, readily be seen elsewhere.

Much as I like Japanese food, I learned during this trip that I cannot eat it many meals in a row.  This was the journey where I realized Indian food (!) is my true comfort food.  Tokyo of course has (and had) excellent Indian food, just as it has excellent food of virtually every sort.  I learned a new kind of Chinese food as well.

The summer heat did not bother me.  I also learned that Tokyo is one of the few cities that is better and more attractive at night.

I recall wanting to buy a plastic Godzilla toy.  I walked around the proper part of town, and kept on asking for Godzilla.  I could not figure out why everyone was staring at me like I was an idiot, learning only later that the Japanese say “Gojira.”  So in a pique of frustration, I did my best fire-breathing, stomping around, “sound like a gorilla cry run backwards through the tape” imitation of Godzilla.  Immediately a Japanese man excitedly grabbed me by the hand, walked me through some complicated market streets, and showed me where I could buy a Godzilla, shouting “Gojira, Gojira, Gojira!” the whole time.

I came away happy.

My side trip, by the way, was to the shrines and temples of Kamakura, no more than an hour away but representing another world entirely.  Recommended to any of you who are in Tokyo with a day to spare.

Now since that time, I’ve never had another Tokyo trip quite like that one.  These days, and for quite a while, the city feels pretty normal to me, rather than like visiting the moon.  Fluent English is hard to come by, but most people can speak some English and respond to queries.  You can translate and get around using GPS, AI, and so on.  The city is much more globalized, and other places have borrowed from its virtues as well.

Looking back, I am very glad I visited Tokyo in 1992.  The lesson is that you can in fact do time travel.  You do it by going to some key places right now.

Who Pays for Tariffs Along the Supply Chain?

This paper examines the effects of tariffs along the supply chain using product-level data from a large U.S. wine importer in the context of the 2019-2021 U.S. tariffs on European wines. By combining confidential transaction prices with foreign suppliers and U.S. distributors as well as retail prices, we trace price impacts along the supply chain, from foreign producers to U.S. consumers. Although pass-through at the border was incomplete, our estimates indicate that U.S. consumers paid more than the government received in tariff revenue, because domestic markups amplified downstream price effects. The dollar margins per bottle for the importer contracted, but expanded for distributors/retailers. Price effects emerge gradually along the chain, taking roughly one year to materialize at the retail level. Additionally, we find evidence of tariff engineering by the wine industry to avoid duties, leading to composition-driven biases in unit values in standard trade statistics.

That is from a new NBER working paper by Aaron B. Flaaen, Ali Hortaçsu, Felix Tintelnot, Nicolás Urdaneta & Daniel Xu.

China fact of the day

Chinese brand Mixue Ice Cream and Tea, the world’s largest fastfood chain by number of stores, is set to open its first location in New York as it continues to expand its overseas presence.

The beverage giant had 46,479 locations globally at the end of last year, with 41,584 of them located in China, according to the company’s annual report. Elsewhere in Asia, where its store count is 4,895, around 2,600 storefronts are located in Indonesia, with others in Vietnam, Thailand and Malaysia. About 70 percent of its overseas revenue comes from Indonesia and Vietnam, Bloomberg reported.

The fast-food outlet, known for its brightly colored menu, is most famous for its range of offerings — from bubble teas and ice cream to coffee or fruity concoctions often costing under $1. This makes them popular with university students, people on a tight budget or those who enjoy a bargain.

Here is the full story, note that makes it the number one fast food chain in the world.  Via Orikron.

My excellent Conversation with Steven Pinker

Here is the audio, video, and transcript.  Here is part of the episode summary:

Tyler and Steven probe these dimensions of common knowledge—Schelling points, differential knowledge, benign hypocrisies like  a whisky bottle in a paper bag—before testing whether rational people can actually agree (spoiler: they can’t converge on Hitchcock rankings despite Aumann’s theorem), whether liberal enlightenment will reignite and why, what stirring liberal thinkers exist under the age 55, why only a quarter of Harvard students deserve A’s, how large language models implicitly use linguistic insights while ignoring linguistic theory, his favorite track on Rubber Soul, what he’ll do next, and more.

Excerpt:

COWEN: Surely there’s a difference between coordination and common knowledge. I think of common knowledge as an extremely recursive model that typically has an infinite number of loops. Most of the coordination that goes on in the real world is not like that. If I approach a traffic circle in Northern Virginia, I look at the other person, we trade glances. There’s a slight amount of recursion, but I doubt if it’s ever three loops. Maybe it’s one or two.

We also have to slow down our speeds precisely because there are not an infinite number of loops. We coordinate. What percentage of the coordination in the real world is like the traffic circle example or other examples, and what percentage of it is due to actual common knowledge?

PINKER: Common knowledge, in the technical sense, does involve this infinite number of arbitrarily embedded beliefs about beliefs about beliefs. Thank you for introducing the title with the three dots, dot, dot, dot, because that’s what signals that common knowledge is not just when everyone knows that everyone knows, but when everyone knows that everyone knows that and so on. The answer to your puzzle — and I devote a chapter in the book to what common knowledge — could actually consist of, and I’m a psychologist, I’m not an economist, a mathematician, a game theorist, so foremost in my mind is what’s going on in someone’s head when they have common knowledge.

You’re right. We couldn’t think through an infinite number of “I know that he knows” thoughts, and our mind starts to spin when we do three or four. Instead, common knowledge can be generated by something that is self-evident, that is conspicuous, that’s salient, that you can witness at the same time that you witness other people witnessing it and witnessing you witnessing it. That can grant common knowledge in a stroke. Now, it’s implicit common knowledge.

One way of putting it is you have reason to believe that he knows that I know that he knows that I know that he knows, et cetera, even if you don’t literally believe it in the sense that that thought is consciously running through your mind. I think there’s a lot of interplay in human life between this recursive mentalizing, that is, thinking about other people thinking about other people, and the intuitive sense that something is out there, and therefore people do know that other people know it, even if you don’t have to consciously work that through.

You gave the example of norms and laws, like who yields at an intersection. The eye contact, though, is crucial because I suggest that eye contact is an instant common knowledge generator. You’re looking at the part of the person looking at the part of you, looking at the part of them. You’ve got instant granting of common knowledge by the mere fact of making eye contact, which is why it’s so potent in human interaction and often in other species as well, where eye contact can be a potent signal.

There are even species that can coordinate without literally having common knowledge. I give the example of the lowly coral, which presumably not only has no beliefs, but doesn’t even have a brain with which to have beliefs. Coral have a coordination problem. They’re stuck to the ocean floor. Their sperm have to meet another coral’s eggs and vice versa. They can’t spew eggs and sperm into the water 24/7. It would just be too metabolically expensive. What they do is they coordinate on the full moon.

On the full moon or, depending on the species, a fixed number of days after the full moon, that’s the day where they all release their gametes into the water, which can then find each other. Of course, they don’t have common knowledge in knowing that the other will know. It’s implicit in the logic of their solution to a coordination problem, namely, the public signal of the full moon, which, over evolutionary time, it’s guaranteed that each of them can sense it at the same time.

Indeed, in the case of humans, we might do things that are like coral. That is, there’s some signal that just leads us to coordinate without thinking it through. The thing about humans is that because we do have or can have recursive mentalizing, it’s not just one signal, one response, full moon, shoot your wad. There’s no limit to the number of things that we can coordinate creatively in evolutionarily novel ways by setting up new conventions that allow us to coordinate.

COWEN: I’m not doubting that we coordinate. My worry is that common knowledge models have too many knife-edge properties. Whether or not there are timing frictions, whether or not there are differential interpretations of what’s going on, whether or not there’s an infinite number of messages or just an arbitrarily large number of messages, all those can matter a lot in the model. Yet actual coordination isn’t that fragile. Isn’t the common knowledge model a bad way to figure out how coordination comes about?

And this part might please Scott Sumner:

COWEN: I don’t like most ballet, but I admit I ought to. I just don’t have the time to learn enough to appreciate it. Take Alfred Hitchcock. I would say North by Northwest, while a fine film, is really considerably below Rear Window and Vertigo. Will you agree with me on that?

PINKER: I don’t agree with you on that.

COWEN: Or you think I’m not your epistemic peer on Hitchcock films?

PINKER: Your preferences are presumably different from beliefs.

COWEN: No. Quality relative to constructed standards of the canon…

COWEN: You’re going to budge now, and you’re going to agree that I’m right. We’re not doing too well on this Aumann thing, are we?

PINKER: We aren’t.

COWEN: Because I’m going to insist North by Northwest, again, while a very good movie is clearly below the other two.

PINKER: You’re going to insist, yes.

COWEN: I’m going to insist, and I thought that you might not agree with this, but I’m still convinced that if we had enough time, I could convince you. Hearing that from me, you should accede to the judgment.

I was very pleased to have read Steven’s new book When Everyone Knows That Everyone Knows . . .: Common Knowledge and the Mysteries of Money, Power, and Everyday Life.

The Indian Wedding

Another great piece by Samir Varma on Indian marriages—where deep traditions endure, even as subtle revolutions unfold around the edges.. It starts with this kicker:

When I told my mother I was marrying my girlfriend, an Italian Jew, she called all my friends in the US asking them to break us up.

When that failed, she faxed my future father-in-law threatening to disinherit me and never speak to me again. When that failed, she tried to get my PhD advisor to “tell us to break up.” (Luckily, he was relaxed enough to laugh about it with me, though it was embarrassing and deeply unpleasant.) Then she invited my girlfriend to India to “meet the family,” where my girlfriend paid a significant fraction of her yearly income as a starting engineer to fly over.

The pièce de résistance? My mother threw a party to “introduce her to everyone” — and spent the entire time complaining about her to all the guests. About 100 of those guests came to talk to me afterward, apologizing profusely, saying Indians aren’t like this and I should explain so she doesn’t think all Indians are nuts.

At my wedding, I had exactly zero relatives present. We didn’t speak for three years.