Category: Uncategorized

My favorite things Pakistan

1. Female singer: Abida Parveen, here is one early song, the later material is often more commercial.  Sufi songs!

2. Qawwali performers: Nusrat Fateh Ali Khan, the Sabri Brothers, and try this French collection of Qawwali music.

3. Author/novel: Daniyal Mueenuddin, In Other Rooms, Other Wonders.  I am not sure why this book isn’t better known.  It is better than even the average of the better half of the Booker Prize winners.  Why doesn’t he write more?

4. Dish: Haleem: “Haleem is made of wheat, barley, meat (usually minced beef or mutton (goat meat or Lamb and mutton) or chicken), lentils and spices, sometimes rice is also used. This dish is slow cooked for seven to eight hours, which results in a paste-like consistency, blending the flavors of spices, meat, barley and wheat.”

5. Movie: I don’t think I have seen a Pakistani film, and my favorite movie set in Pakistan is not so clear.  Charlie Wilson’s War bored me, and Zero Dark Thirty is OK.  What am I forgetting?

6. Economic reformer: Manmohan Singh.

7. Economist: Atif Mian, born in Nigeria to a Pakistani family.

8. Textiles: Wedding carpets from Sindh?

9. Visual artist: Shahzia Shikhander, images here.

I don’t follow cricket, sorry!

Monday assorted links

1. Did Wicksteed discover the Coase theorem?

2. “But two other mothers who have met him said in interviews that he is clean-cut and polite. One described him as “hot.” Another said her first impression of the donor, who showed up wearing khakis and a nice shirt, was that he is “brave” and “generous.” The parents had happily connected on Facebook and Yahoo groups for “donor siblings” — and then were shocked to discover that many of their children seemed to have the same types of developmental challenges and diagnoses.”  Link here.

3. Can innovation be sped up?

4. The rise of peer review.

5. “Antisocial behaviour was consistently rated as less genetically influenced than prosocial behaviour.

6. “While the costs of RE [renewable energy[ have substantially declined in the past, here we show that rising interest rates (IRs) can reverse the trend of decreasing RE costs…

Saturday assorted links

1. Human corpses keep moving for a year after death.

2. Scarce labor and low interest rates.  By Benzell and Brynjolfsson.

3. My Stubborn Attachments philosophy podcast, Elucidations, with Matt Teichman.

4. Are we living in the most influential time ever?

5. Average is Over: “These synthetic husbands have an average income that is about 58% higher than the actual unmarried men that are currently available to unmarried women.

6. Thomas Piketty slides based on his forthcoming book; the word “Mormon” does not appear.

NBA crypto markets in everything

Nets sixth man Spencer Dinwiddie is in the process of converting his contract so it can be used as a digital investment tool, Shams Charania of The Athletic reports.

Dinwiddie’s deal, which he agreed to during last season, is worth $34 million over three years. By converting it to be used as an investment vehicle, Dinwiddie will receive a lump sum upfront that will likely be less than the total amount of the deal.

According to Charania, Dinwiddie’s plan is to start his own company to securitize his deal as a digital token. Dinwiddie would pay investors back principle and interest.

Dinwiddie’s deal includes a player option for the 2021-22 season, and it is unclear how opting out would impact investors. Last year, Dinwiddie took a business class at Harvard along with now-teammate Kyrie Irving.

Former NFL running back Arian Foster previously tried to do something similar but it did not pan out.

Dinwiddie is heading into his sixth season. Last season, he averaged 16.8 points and 4.4 assists.

From Sports Illustrated, via Mike Tamada, here is further coverage from Atlantic.

China-U.S. trade war insurance fact of the day

An increasing number of US universities are looking to buy insurance policies against a drop in revenue from international students, fearing they are overexposed to China at a time of mounting trade tensions between Washington and Beijing.

A 10 per cent decline in new international student enrolments at US universities — which rely heavily on revenue from Chinese and Indian students — over the past two academic years has already cost the US economy $5.5bn, according to a report from Nafsa, previously known as the National Association of Foreign Student Advisers.

Two colleges at the University of Illinois at Urbana-Champaign — the Gies College of Business and the College of Engineering — bought insurance in 2018 worth $60m from USI Insurance Services in Champaign, Illinois. The policy pays off if both the colleges suffer an 18.5 per cent decline in revenue from Chinese students year over year due to a government action such as visa restrictions or a “health event”.

The correct inference, I think, is that some of these colleges already have spent that supposedly forthcoming tuition money.

Here is more from Priyanka Vora at the FT.

Who again is the protector of your privacy?

Departments of Motor Vehicles in states around the country are taking drivers’ personal information and selling it to thousands of businesses, including private investigators who spy on people for a profit, Motherboard has learned. DMVs sell the data for an array of approved purposes, such as to insurance or tow companies, but some of them have sold to more nefarious businesses as well. Multiple states have made tens of millions of dollars a year selling data.

…The Virginia DMV has sold data to 109 private investigator firms, according to a spreadsheet obtained by Motherboard.

That is from Vice, via Jake Seliger, with much more at the link.

On the topic of privacy, increasingly I am starting to believe that the practice of the obituary is unethical.  The dead person is already gone, and usually (not always) there is little at stake, other than satisfying reader curiosity.  The newspaper collects information on you for years, and without any consent from you whatsoever.  Then, right after what is the saddest day in the history of your family (you hope), they publish it all and distribute it to as many readers as possible.  That is also when you have no opportunity to present a rebuttal or alternative perspective, and furthermore corrections to obituaries are not exactly widely read.

Surely all of those worried about Facebook and privacy will agree with me on this one, right?  And I bet the newspapers will pick up on this crusade as well.

Sunday assorted links

1. It hurts AI students when AI professors leave a school (NYT).  Paper is here (pdf).

2. Progress Studies: a moral imperative.

3. “North Korea, for example, has over the past decade switched its time back and forth by half an hour to reflect either estrangement or reconciliation with its cousin in the South.

4. At 1:11:00 Magnus plays blindfold chess.

5. Police called to stop massive game of hide and seek at IKEA.

6. Claudia Sahm slides on women in economics.  Or try this link.

The new generational divide

That is the topic of my latest Bloomberg column, here is one bit:

In a nutshell, younger people today are very comfortable with a small screen and older people are not. Both younger and older people can be found staring at their phones for texts or email or directions, but the big difference comes in cultural consumption. According to one study, the median age of an American television viewer is about 56, whereas for mobile and computer video viewers the median age is 40. Forty percent of those viewers are between 13 and 34…

Just as many older people don’t grasp the import of YouTube, most younger people have a weak sense of the power of cinema on a large screen. It’s not entirely their fault. It’s relatively easy to see older movies on a big screen in London or Paris, and maybe in New York City and Los Angeles (and Silver Spring, Maryland, home to the American Film Institute). In most other places in America, it’s much more difficult.

Sadly, the world is rapidly becoming a place where cinematic history, as it was created for larger screens, no longer exists. Netflix, for all its wonders and diverse contemporary selection, is notoriously bad about making older movies available for streaming, and at any rate the service does not provide a properly large screen for those films.

There is much more at the link, and the economically-minded reader will note this is an application of the Alchian-Allen Theorem.