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Posts Tagged ‘NYT’

If G.O.P. Loses Hold on Congress, Trump Warns, Democrats Will Enact Change ‘Quickly and Violently’

Posted by hkarner - 30. August 2018

What a disgusting bunch of people! (hfk)

Date: 29-08-2018
Source: The New York Times

President Trump during a prayer at a dinner for evangelical leadership in the State Dining Room of the White House on Monday evening.

WASHINGTON — President Trump warned evangelical leaders Monday night that Democrats “will overturn everything that we’ve done and they’ll do it quickly and violently” if Republicans lose control of Congress in the midterm elections.

Speaking to the group in the State Dining Room of the White House, Mr. Trump painted a stark picture of what losing the majority would mean for the administration’s conservative agenda, according to an audiotape of his remarks provided to The New York Times by someone who attended the event.

“They will end everything immediately,” Mr. Trump said. “When you look at antifa,” he added, a term that describes militant leftist groups, “and you look at some of these groups, these are violent people.”

A White House spokesman, Hogan Gidley, declined to elaborate on what the president meant.

The blunt warning — delivered to about 100 of the president’s most ardent supporters in the evangelical community — was the latest example of Mr. Trump’s attempts to use the specter of violence at the hands of his political opponents and to fan the flames of cultural divisions in the country. Den Rest des Beitrags lesen »

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Trump Reveals Himself as the Bully of His Allies

Posted by hkarner - 26. Juli 2018

Date: 25-07-2018
Source: The New York Times By Sylvie Kauffmann

Ms. Kauffmann is the editorial director of Le Monde.

PARIS — Maybe this July will be remembered as the month when Europe tried to save the liberal world order that President Trump is doing his best to dynamite. The reality is probably more prosaic. Europe is finally realizing that before saving the world, it needs to save itself from the assault of its former protector, the United States.

The European side of the trans-Atlantic family is at last accepting the idea that its reliable uncle has turned into a bully. Sure, that kinsman was always bossy, easily irritated. But when the going got rough, Europeans knew they could count on him. After all, they came from the same world, with common memories and values, and shared interests.

Since Mr. Trump’s July sweep through Europe — to Brussels, England, Scotland and Helsinki — that certainty has evaporated. The American president made clear that he could not care less about common memories and values, that he hates the family’s culture, its do-gooder attitude. He sees America’s interests differently. He has convinced himself that the family is taking advantage of him. “You’re stealing from my piggy bank!” he rages. He wants his money back. “Me first!” has become his motto. Den Rest des Beitrags lesen »

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Time Split to the Nanosecond Is Precisely What Wall Street Wants

Posted by hkarner - 1. Juli 2018

Date: 30-06-2018
Source: The New York Times By John Markoff

SAN FRANCISCO — Computer scientists at Stanford University and Google have created technology that can track time down to 100 billionths of a second. It could be just what Wall Street is looking for.

System engineers at Nasdaq, the New York-based stock exchange, recently began testing an algorithm and software that they hope can synchronize a giant network of computers with that nanosecond precision. They say they have built a prototype, and are in the process of deploying a bigger version.

For an exchange like Nasdaq, such refinement is essential to accurately order the millions of stock trades that are placed on their computer systems every second.

Ultimately, this is about money. With stock trading now dominated by computers that make buying and selling decisions and execute them with blazing speed, keeping that order also means protecting profits. So-called high frequency trading firms place trades in a fraction of a second, sometimes in a bet that they can move faster than bigger competitors. Den Rest des Beitrags lesen »

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Tech Leaders Are Growing Up (Again). That’s a Good Thing.

Posted by hkarner - 16. März 2018

Date: 15-03-2018
Source: The New York Times

Several years ago, a plastic figurine began appearing around Google’s offices, an aging alien with gray hair, a Google Glass headset and a sign that read, “Get Off My Lawn!”

The doll, a special edition of Google’s Android mascot, was a jokey tribute to the Greyglers, a group for the 40-and-over crowd at Google, and the doll hinted at how it felt to be an older worker in tech: funny, self-conscious, a little out of place.

The Greyglers still exist, but they’re no longer such an anomaly. Sundar Pichai, Google’s 45-year-old chief executive, would fit in the group. So would Larry Page and Sergey Brin, who co-founded the search engine as graduate students two decades ago; Susan Wojcicki, an early employee who runs YouTube; and most of the company’s other high-ranking executives.

For years, the self-appointed leaders of Silicon Valley were young people — mostly men — with age-appropriate behavior. They adopted brash mottos like “move fast and break things” and eschewed work-life balance in favor of all-night hacking sessions in offices that looked more like college dorms. Their successes were cheered, and their sins were shrugged off as the cost of innovation. Den Rest des Beitrags lesen »

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Google Is Trying Too Hard (or Not Hard Enough) to Diversify

Posted by hkarner - 12. März 2018

Date: 11-03-2018
Source: The New York Times

The internet giant is being sued by former employees who say the company is going too far with diversity. Other lawsuits accuse it of the opposite.

SAN FRANCISCO — In 2014, Google became one of the first technology companies to release a race and gender breakdown of its work force. It revealed — to no one’s surprise — that its staff was largely white or Asian and decidedly male.

The company explained that it disclosed the figures, in part, because it wanted to be held accountable publicly for not looking “the way we wanted to.”

Since then, Google has made modest progress in its plan to create a more diverse work force, with the percentage of women at the company ticking up a bit. But a spate of recent incidents and lawsuits highlight the challenges the company has faced as it has been dragged into a national discussion regarding politics, race and gender in the workplace. Den Rest des Beitrags lesen »

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The U.S.-China Rivalry Is, More Than Ever, a Fight Over Tech

Posted by hkarner - 8. März 2018

Date: 07-03-2018
Source: The New York Times

The chip maker Qualcomm is the target of a hostile takeover bid by Broadcom, a proposal that the United States government has said could give Chinese rivals an advantage.

WASHINGTON — As the United States and China look to protect their national security needs and economic interests, the fight between the two financial superpowers is increasingly focused on a single area: technology.

The clash erupted in public on Tuesday after the United States government, citing national security concerns, called for a full investigation into a hostile bid to buy the American chip stalwart Qualcomm — a review that is often a death knell for a corporate deal.

The proposed acquisition by the Singapore-based Broadcom would have been the largest deal in technology history, creating a major force in the development of the computer chips that power smartphones and many internet-connected devices. But a government panel said the takeover could weaken Qualcomm and give its Chinese rivals an advantage. Den Rest des Beitrags lesen »

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In Election, Austria’s Nazi Past Raises Its Head

Posted by hkarner - 21. Oktober 2017

 Partially incredible rubbish, especially the title. I thought NYT was a quality medium! (hfk)
Opinion | Editorial

An anti-immigrant, anti-Muslim party won the Austrian elections on Sunday, and its leader might form a government with a party founded by ex-Nazis.

So much for the hopes of spring that election results in the Netherlands and France hinted that the political tide in Europe had turned away from the far right. Last month, Alternative for Germany became the first far-right party to enter Germany’s Parliament since World War II, winning 13 percent of the vote and 94 parliamentary seats.

In Austria, the leader of the victorious People’s Party, Sebastian Kurz, 31, has tried to put a fresh, young face on his stodgy conservative party, changing its traditional black color to a trendy turquoise. But there’s nothing forward-looking about his platform, which taps into the fears that the 90,000 migrants Austria took in from 2015 to 2016 are siphoning away social benefits from hard-working Austrians, and that Muslims pose a cultural and security threat.

Den Rest des Beitrags lesen »

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Rationality and Rabbit Holes

Posted by hkarner - 11. Oktober 2017

October 10, 2017 9:50 am NYT Blog

Like the vast majority of economists, I was delighted to see Richard Thaler get the Nobel. Anyone with a bit of sense – a group that, believe it or not, includes many economists – knows that people aren’t perfectly rational. But the assumption of hyperrationality still plays far too large a role in the field. And Thaler didn’t just document deviations from rationality, he showed that there are consistent, usable patterns in those deviations.

The question, however, is how much difference this should make to the practice of economics. And here you have a division between two camps. One says that imperfect rationality changes everything; the other that the assumption of rationality is still the best game out there, or at least sets a baseline from which departures must be justified at length.

Which camp is right? My thought: it depends on the field, for reasons not entirely clear to me. Let me talk about two fields I know reasonably well: macroeconomics, which I think I know pretty well, and finance, where I am much less well-informed in general but am pretty familiar with at least some international areas. What strikes me is that vaguely Thalerish reasoning is hugely important in one, in the other not so much. Den Rest des Beitrags lesen »

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How Big Banks Became Our Masters

Posted by klausgabriel - 29. September 2017

Financial scandal and wrangles over financial rule-making still dominate the headlines. The cyberhacking at Equifax compromised personal records for half of the adult population of the United States. At SoFi, a one-time fintech darling that crowd sources funding for student loans and other types of credit, the chief executive was forced to resign after revelations of sexual harassment and risky lending practices (the company misled investors about its finances and put inexperienced customer service representatives in charge of credit evaluations). The White House and Republicans in Congress in the meantime are trying to roll back hard-won banking regulations in the Dodd-Frank financial oversight law.

All of it brings to mind an acronym familiar to financial writers like myself — BOB, or “bored of banking.” Even some of us that cover the markets for a living can find ourselves BOB. Over the last 10 years, there has been so much financial scandal, so many battles between regulators and financiers, and so much complexity (more liquidity and less leverage with your tier one capital, anyone?) that a large swath of the public has become numb to the debate about how to make our financial system safer. Den Rest des Beitrags lesen »

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Our Broken Economy, in One Simple Chart

Posted by sschleicher - 9. August 2017

David Leonhardt, NYT, Aug 7

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