Assorted Links

I wish I could go in depth on some things, but it’ll have to wait for another day, so until then just some quick shots and bon mots:

1. We Read the News to Signal Intelligence. Robin Hanson makes this good point that any daily newspaper reader should consider:

It seems to me that in our world most track the news to talk intelligently with others who track the news.  By coordinating to talk on the same recent news topics, we can better evaluate how well connected and intelligent are those around us.  If we tracked very different topics, it would be much harder to evaluate each other.  If our conversation topics were common but old, it would be harder to distinguish individually thoughtful analysis from memorized viewpoints, and harder to see how well-connected folks are to fresh info sources. 

But if you care less about signaling intelligence and connectedness, and more about understanding, then consider reading textbooks, review articles, and other expert summaries instead of news.

2. The Glue That Holds Together Our Online Life. Michael Arrington, at TechCrunch, offers a nice reflection on how FriendFeed is trying to become yet another centralized silo of data. It was inspired by Loic Le Meur’s post on his scattered social data. Here’s Foundry Group’s thoughts on the "glue" that needs to hold together our online life. All interesting stuff.

3. The San Francisco – Brooklyn Shuttle. Do San Francisco and Brooklyn have a sisterly relationship? Maybe so. By the way, San Francisco is #1 on Richard Florida’s creativity index in his new book, Who’s Your City?, which I’ll be reviewing soon.

4. Cities and Entrepreneurship. A new report out from Kauffman on how cities can foster entrepreneurship. It notes the importance of "clusters" (a university, big companies, small companies, etc. in one place), but also says that a big research university is by no means necessary for entrepreneurship. Amazon, Starbucks, and Microsoft had little to do with the University of Washington in Seattle.

5. The Power Paradox. Obtaining and using power is important if you want to get stuff done. In this interesting article, some Berkeley profs talk about why Machiavellian approaches to power are wrongheaded. Instead, "nice guy" approaches can often be more effective.

6. Film Version of David Foster Wallace writing. A quick update on the film version of Brief Interviews with Hideous Men by David Foster Wallace. Rejoice, DFW devotees, rejoice.

7. How to Write Conversationally. Some good tips here. For example:

Kurt Vonnegut.. advised writers to have a specific reader in mind, and write as if you’re talking to that person. His ideal reader was his sister. Who is yours? If you are talking to the world in general, you’ll probably write more like a speech, rather than like a conversation.

8. Entrepreneurship in Latin America. A good take on what the state of things is down south for entrepreneurs. I intend to study Spanish there this summer and will be interested in doing some fact finding myself.

Don’t Pick up the Soap

In his LA Times op/ed titled There’s nothing funny about prison rape, Ezra Klein includes this quote from Bill Lockyer:

When Enron’s Ken Lay was sentenced to jail, for instance, Bill Lockyer, then the attorney general of California, spoke dreamily of his desire "to personally escort Lay to an 8-by-10 cell that he could share with a tattooed dude who says, ‘Hi, my name is Spike, honey.’ "

Sorry, but I laughed. Shame on me.

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This old post on Instapundit interestingly proposes that the main reason we turn a blind eye to the prison rape epidemic is because men are the chief victims.

Cocktail Party Factoid of the Day

A piece in the New Republic reveals that after an economist proposed etching a black fly near the drain of toilet bowls in a men’s restroom at an Amsterdam airport, "spillage" was reduced by 80 percent—"It turns out that, if you give men a target, they can’t help but aim at it."

Unfortunately, I have yet to find a woman who can fully appreciate the unique aerodynamics and visual distractions which, together, make the male urination experience more challenging than one would expect.

(hat tip: Slate)

Paralegal Jobs: It Will Be Worth It, Right?

On the Drunkasaurusrex blog, the author writes about how his higher education broadened his horizons, sparked intellectual curiosities, and basically did all the things that it’s supposed to do. But then (cue horror music) he took a paralegal job after graduating. What happened?

I was very much on that path until I settled into a well-paying paralegal job right out of college that required long hours and very little critical thinking. My first assignment was to put 75,000 printed out emails in chronological order and remove the duplicates. It took four months and a piece of my spirit. A year later, I was charged with assembling the Plaintiffs and Defendants trial exhibits from a previous case into binders for review. Each side had 2500 exhibits. By this time I’d earned enough leeway in my position to make certain executive decisions. It was up to me, and me alone, to determine which set would go in blue binders and which set would go in black binders. The Defendants exhibits would go in the black binders, I decided, because the Defendants were bad and black is the bad guy color. This project took two months to complete and culminated in a knockdown, drag out scream fest in my manager’s office during my review when she told me the main reason I wasn’t getting a full raise was because the exhibit binder project took longer than it should have. Shit like this went on for close to four years.

Why oh why do class after class of smart college graduates put themselves through this misery in their early go-go years? It will all be worth it, right? 80 hour-work weeks in NY doing i-banking will be worth it, right?  Right? Hello?

Explaining Complex (Economic) Ideas in a Simple Way

The current financial / credit crisis in the U.S. exposes an ongoing societal need: people who can understand complex ideas and then translate them for consumption by the quasi-informed and curious but non-expert segment of the population.

Malcolm Gladwell, for example, has made a living out of reading hard-to-understand psychology papers and writing about them to the lay audience. Michael Pollan is the Gladwell of food science. Pollan’s books on agriculture, farming, and eating have been bestsellers. He once boiled down all nutrition advice thusly: “Eat food. Not too much. Mostly plants.” Simple but right.

Who’s the Malcolm Gladwell of finance? Who is translating the macro-economic gibberish into concepts the average person can understand, without offending economists?

As anyone who reads Brad DeLong knows, the economic literacy of the average journalist is not very high. There’s a big difference between “simple but right” and “simple but wrong.” Ben Stein, in the New York Times, is often simple, often wrong. Jim Cramer, often simple, often wrong.

On the contrary, James Fallows on China and the deficit, David Leonhardt on how even experts are confused about what’s going on in the markets, or James Surowiecki on real estate and foreclosures, are all examples of solid explanations that are simple and clear. Michael Lewis is also a reliably thoughtful lay-person’s explainer on business issues.

I read lots of economics blogs, and blogs are good for in-the-moment analysis, but they rarely can afford to step back and offer a higher level overview. Also, professional economists, by virtue of being professional economists, can struggle to translate economic jargon.

In an old post of mine titled When to Think Hard, When to Outsource, I talked about how I rely heavily on certain people’s insight for certain types of issues (in effect “outsourcing” some parts of the critical thinking process to them). To wit, I’m trying to construct my “dream team” of people who are following the macro-econ scene, following the credit markets and mortgage situation, and conveying their thoughts in sound, simple prose.

Any ideas for who should be in the starting lineup?