For those of you wanting to dig into the recently unsealed legal complaint against J.P. Morgan that it turned a blind eye to the Madoff fraud, the Wall Street Journal has posted all 121 pages here (PDF).
I’m working my way through it right now.
For those of you wanting to dig into the recently unsealed legal complaint against J.P. Morgan that it turned a blind eye to the Madoff fraud, the Wall Street Journal has posted all 121 pages here (PDF).
I’m working my way through it right now.
Is it any surprise that Mayor Daley of Chicago has been absent from the response to snowstorm of recent days? What exactly could he gain at this point in his career?
We know from recent history that politicians have plenty to lose in such circumstances. Look at Mayor Bloomberg in New York a month or so ago – if he can’t even get the snow plows working, how could he achieve higher office? Past Chicago mayors, such as Michael Bilandic, have been burned by snow.
My guess is that this is one of those situations where people in charge get little credit if all goes smoothly but proportionately more blame if things go poorly. People expect that services like snow plowing or garbage pick-up are just going to happen and tend to only notice this when that service is interrupted. Right now in Chicago there seems to be game of political hot-potato over the number of people trapped overnight on Tuesday on Lake Shore Drive. Who exactly is responsible – should Mayor Daley have to answer for this? Shouldn’t someone have had some plan in place? More broadly, do most cities sit and think about worst-case scenarios so that they have at least thought about some of these issues?
This may not be a fair process on the part of the public: the leader can’t control everything. But when something goes wrong, the public also expects that the leader is ultimately responsible and is responsive to the needs of the citizenry. If not, if those basic services don’t come through, the blame often goes right to the top.
In case you haven’t heard, a few days ago Google started publicly accusing Microsoft’s Bing of stealing its search results. Juan Carlos Perez over at PCWorld has published an interesting roundup of reactions to Google’s new “strategy” of public accusations:
While the merits of Google’s accusation are up for debate — Microsoft denies the charge — the fact that Google chose to complain in such a loud and agitated manner has become fertile ground for analysis and comment by industry observers.
Opinions range from those who view Google’s actions as hypocritical to others who say the company did the right thing by airing its grievance.
PCWorld’s link to Daniel Eran Dilger reaction over at Roughly Drafted is especially worth checking out. Personally, I come down on the “Google is being hypocritical” side of things. It’s hard to have the expansive view of copyright law and fair use that Google embraces for its own activities and then to complain with any legitimacy about Microsoft’s alleged behavior.
Unfortunately, copyright law in general (and fair use in particular) is notoriously unclear, malleable, and subject to judicial whims. It’s doubtful that Google will actually sue Microsoft over this, so we may never know what the “answer” is.
However, even if a U.S. court upheld Microsoft’s right to copy Google’s search results (assuming that’s what happened here), that would only give us an answer (1) on these specific facts (2) as between parties willing to litigate (and maybe even (3) before that particular judge). Given the high costs of litigation, most non-Fortune-500 copyright users claiming fair use rights usually find it is in their best interest to settle for a few thousand dollars when saddled with a copyright infringement lawsuit. Indeed, there are companies based on this very business model that are out there suing people; the number of copyright infringement suits is rising.
This latest spat between Google and Microsoft is, to some extent, a sideshow, but it does highlight some of the problems that uncertainty breeds within copyright law. I’m not worried about Microsoft’s ability to defend itself: it’s a multi-billion dollar company with lawyers and PR specialists both in-house and on speed dial. I am worried about the start ups that are seeking to be the next Google or Microsoft: they generally can’t afford to get anywhere close to the line because they know that an infringement lawsuit may mean millions in legal fees and damages, so they back off and play it safe.
That’s the real cost of un-clarity in copyright law.
Reading an article like this about the “science of shoveling” makes me glad that someone out there is seriously concerned about the best way to shovel:
The science of shoveling was invented by the Progressive Era efficiency expert (and father of Taylorism) Frederick Winslow Taylor. Taylor observed laborers shoveling varying weights and concluded that the shovel load with which “a first class man would do his biggest day’s work” was about 21 pounds. That’s remarkably close to the current recommendation from Canada’s Center for Occupational Health and Safety (keep per-shovel snow loads below 24 pounds). At the Bethlehem Steel works in Pennsylvania, Taylor gave out shovels specifically designed to hold 21 pounds—small ones for shoveling iron ore, big ones for shoveling ash—and made “thousands of stop-watch observations” to calculate the most efficient shoveling method.
Taylor’s purpose was not to preserve workers’ health but to maximize output; by following his recommendations, Bethlehem was able to increase the daily weight shoveled by each laborer from 16 to 59 tons. But because physical endurance was a necessary component to maximizing output, Taylor’s shoveling method also reduced wear and tear on the human body…
The other change is that, even taking into account that Taylor’s subjects were all experienced manual laborers, people must have had much stronger backs back then.Today, ergonomists worry less about manual laborers’ arms than about their backs, because the lower back (specifically the lumbosacral junction) is now understood to be the weakest link in the “body segment chain.” The same goes for anyone in the general population who shovels snow. Various technological innovations have been attempted to protect the back and reduce muscle strain generally, thereby lowering the risk of heart failure. A shovel with a longer shaft makes the initial part of the job easier, but it makes the part where you actually lift the snow harder. Many stores sell a snow shovel with a bent shaft, which is widely recognized as the optimal ergonomic design. This type of shovel has the opposite problem. It makes the initial part of the job harder (you have to stoop, especially if you’re tall or fat), but makes the part where you actually lift the snow easier.
It makes sense that Taylor is behind some of these ideas, particularly since shoveling was tied to manufacturing. I have seen these ergonomic shovels and may just have to purchase one after reading this in order to protect “the weakest link in the body segment chain.” So why aren’t there more strenuous advertisements for the health benefits of these ergonomic shovels?
In my shoveling yesterday, my technique was generally to use a smaller shovel (actually the biggest one we have but still relatively smaller) and lift and throw snow more frequently. I imagine the throwing motions I was using are not optimal – however, they were necessary in order to clear the four foot snow drifts that were already there. It sounds like I would be better off with a slightly bigger shovel so that I don’t have to lift as often.
And a couple of links in this story are interesting:
-Harvard provides some guidelines about shoveling. Basically, you shoveling may be problematic if you are out of shape or don’t exercise often, shovel first thing in the morning, and are exposed to extreme cold. (This is part of a full page about health for older men. Are older men the primary shovelers or are they are the ones most at risk?)
-One might wonder about the relative risk of shoveling: is this more dangerous than other activities? On the whole, heart attacks while shoveling represent a small proportion of the total heart-related deaths in the US each year: “The absolute risk of death-while-shoveling is low. An often-quoted statistic holds that 1,200 American die from a heart attack or other cardiac event during or after a blizzard every year, and that snow-shoveling is frequently to blame. This figure is sometimes attributed to the Centers for Disease Control, although an agency spokeswoman could not verify its source. Even if this statistic were correct, it’s nothing in comparison to the total number of annual heart-related deaths. According to the American Heart Association, there are 425,425 deaths per year from coronary heart disease.” That comes out to 0.3%.
h/t Instapundit
Now that the Groundhog Day Blizzard of 2011 has stopped (though arctic wind chills are next), I have a few thoughts about the storm:
1. I drove home yesterday at about 4:45 PM. The roads weren’t too bad and the traffic was light – I assume this meant many people went home earlier. But there a problem in this sort of weather and any snow that always pops up: intersections that are difficult to move through. The roads can be quite passable but then everything bottles up at slushy intersections where people can’t start quickly and have great difficulty in turning. Someone needs to figure out a way to solve this problem. Would it be better to close an intersection for a minute or two so plows could do diagonal runs through the intersection square to clear snow? Are there people concerned about the science of plowing?
2. Why there was a run on bread in times like this is an interesting question to ponder. There are a lot of food one could buy before a storm hits that would be better in bread in that it would last longer and be more fulfilling. When did runs on bread begin and why do people still do this?
3. One of the stories in Chicago was the people who got stuck on in northbound traffic on Lake Shore Drive for hours. Why doesn’t every main road, particularly highways, have a certain number of points where people could turn around if a situation like this (or even a major crash in regular conditions) occurs? Lake Shore Drive has a number of exits in this area but those were blocked with crashes as well. Concrete barriers are helpful in separating traffic but this is an issue that someone should solve.
4. The warnings the police and state officials were giving overnight and this morning were intriguing that they must have to give these warnings because there are people who go out driving in such conditions when they don’t have to. This morning, one official suggested that if people wanted to go out, they needed to consider whether they were willing to risk their lives. This seems like common sense – but perhaps it is not.
5. When I woke up at 7:30 AM, the street in our residential subdivision wasn’t bad – perhaps 5-6 inches of snow. By 12:30 PM, a plow had done several runs on the street and it was clear. I was tempted to go drive and see what everything looks like but see point #4 above.
6. The blizzard is over – the total snowfall was the third biggest storm in Chicago history. Now it is time for the bitter cold. In the grand scheme of things, is the extreme cold more dangerous to more people than the blizzard conditions and the snow?
Two bloggers have a disagreement about how many vacant homes there are in the United States. Check out the debate and the comments below.
The moral of the story: one still needs to interpret statistics and what exactly they are measuring. The different between 11% and 2% is quite a lot: the first figure suggests 1 out of 10 housing units are vacant while the second figure suggests it is 1 out of 50. If you look at Table 1 of this Census Bureau release regarding housing figures from Quarter 4, it looks like the vacancy rate is 2.7%. But there may be confusion based on Table 3 which suggests the vacancy for all housing units is roughly 11% for year-round units. And later in the release, page 11 of the document, gives the formula for the vacancy calculation and an explanation: “The homeowner vacancy rate is the proportion of the homeowner inventory that is vacant for sale.”
There are some other figures of note in this document. Table 4 shows that the homeownership rate is at 66.5%, down from a peak of 69.2% in the fourth quarter of 2004. (It is interesting to note that this rate peaked a couple of years before the housing market is popularly thought to have gone downhill. What happened between Q4 2004 and the start of the larger economic crisis? Table 7 has homeownership rates by race: the white rate has dropped 1.1% since 1Q 2007 while Blacks and Latinos have seen bigger drops (3.2% and 3.3%).
The International Business Times is reporting that American Bar Association President Stephen N. Zack is lobbying India to refrain from shutting U.S. lawyers out of the Indian legal market:
Currently, U.S. lawyers are allowed to travel to India on an “in-and-out basis” to advise their clients on non-Indian aspects of law. That “status quo” should be maintained as the [Bar Council of India] considers the broader issue of whether to allow the practice of law by foreign law firms in India, Zack said….”The ABA believes that allowing such activities is critical not only for the mutual benefit of the legal practitioners in both countries,” [Zack’s] letter said, “but also for fostering the vital and already close relationship between India and the United States and to promote the robust growth of trade and investments between our two countries. Allowing such activities is also essential in making India a preferred venue for international arbitration proceedings.”
This is a huge issue, and only going to get bigger in the coming years. In most countries, including the U.S. and India, the legal profession is highly regulated and heavily skewed toward protectionism (i.e., preserving a pre-globalization status quo). For example, in order to “practice law” in the U.S., one must generally graduate from college, attend law school for 3 years, and pass a state-specific bar exam. Other countries have similarly stringent requirements. Obviously, most people who have been through the trouble (and expense) of this process are vehemently opposed to competition from anyone else–including (and especially) lawyers licensed in other countries.
Which is what makes the ABA president’s statements so interesting. Supposedly, U.S. lawyers currently provide Indian businesses with “consultancy legal services” (to use the article’s phrase) rather than “practice law” (which is the magic phrase to denote what one cannot do without an official license in a given state/country). However, such verbal formulations are notoriously vague, and everyone who argues over their precise meanings are lawyers with a vested interest in either (1) expanding their own market for legal services or (2) keeping new competition out.
To date, new competition has mostly been kept out, especially here in the U.S. It will be interesting to see whether the ABA president’s recent lobbying in India represents a first step moving toward a free trade in legal services between the U.S. and India.
How exactly certain scandals come to light when they do is often an interesting tale. The former editor of the National Enquirer explains how his investigative team put together the story of John Edwards’ affair. The tale involves the use of technology and a profiler who provided insights into how to trap Edwards in his lies:
I knew there was no viable scenario for Edwards to confess to the Enquirer. I faced the bitter realization that another news organization would reap the benefits of our team’s hard work and get the confession, but I also knew that ultimately that confession would validate the Enquirer‘s earlier story as well as the new one.
Behind the scenes we exerted pressure on Edwards, sending word though mutual contacts that we had photographed him throughout the night. We provided a few details about his movements to prove this was no bluff.
For 18 days we played this game, and as the standoff continued the Enquirer published a photograph of Edwards with the baby inside a room at the Beverly Hilton hotel.
Journalists asked if we had a hidden camera in the room. We never said yes or no. (We still haven’t). We sent word to Edwards privately that there were more photos.
He cracked. Not knowing what else the Enquirer possessed and faced with his world crumbling, Edwards, as the profiler predicted, came forward to partially confess. He knew no one could prove paternity so he admitted the affair but denied being the father of Hunter’s baby, once again taking control of the situation.
Perhaps this story isn’t anything unusual – technology makes information gathering a lot easier. Yet it is somewhat shocking to me that plenty of powerful people, like John Edwards or Tiger Woods, think that they can get away with things in the long run. Sure, the National Enquirer had to spend months tracking down this story but in the end, it was doable and effectively changed the public perception of John Edwards forever. Is there something that happens when people are put in powerful positions that changes their perceptions of what they can and can’t get away with?
Is it even possible for the powerful to get away with things like this any more? How many “scandals” are lurking out there somewhere? It is certainly a far cry from the days of the 1950s and before when sportwriters routinely shied away from reporting on what athletes did away from home and political reporters didn’t talk about everything.
There are still areas of the planet where people have little contact with the larger world. The country of Brazil has just released photos of some people groups with limited contact in order to draw attention to their condition:
FUNAI has released similar photographs in the past and acknowledged that Peruvian loggers are sending some indigenous people fleeing across the border to less-affected rainforests in Brazil.
The coordinator of Brazil’s Amazon Indian organization COIAB, Marcos Apurina, said he hoped the images would draw attention to the plight of the indigenous peoples and encourage their protection.
“It is necessary to reaffirm that these peoples exist, so we support the use of images that prove these facts. These peoples have had their most fundamental rights, particularly their right to life, ignored — it is therefore crucial that we protect them,” he said.
FUNAI says there are 67 tribes in Brazil that do not have sustained contact with the outside world. Some are often referred to as “uncontacted” tribes even though they have some kind of, albeit limited, contacts.
The future of a number of these groups has been threatened in recent decades primarily by people who want their land, either for its natural resources or who want to convert it into farmland. And there are some interesting discussions about how these cultures can continue to remain fairly distinct from outside influences, even if most now have had some contact with the larger world.
Although not tailored to the specifics of the legal job market, an analogous debate concerning the mechanics of the academic job market is taking place over Inside Higher Education (hat tip: Tax Prof Blog).
First up: Joshua A. Tucker in Academe as Meritocracy, arguing
As Tucker puts it:
Like major league baseball, a successful academic career is a very good gig. Do we really owe every 22-year-old who is admitted to a Ph.D. program the right to that career solely on the basis of getting into a Ph.D. program? Or is it enough to give them a chance to succeed, knowing full well that not all of them will?…Like it or not, academia is a meritocracy. It may be a highly flawed meritocracy susceptible to overvaluing labels or fads of the day, but ultimately tenure is bestowed on those who earn the respect of their peers, and the more of your peers that respect you, the more job offers you are going to get and the more money you are going to make.
Tucker does recognize that a certain amount of truth-in-advertising is necessary, but he seems comfortable with letting admitted Ph.D students decide for themselves whether they should actually attend:
I fully believe we need to be honest with graduate students about what they are getting themselves into — the same way a minor league baseball player needs to know what the odds are of making it to the majors — but if they want to take a shot at achieving success in this kind of a career, I see no reason why we should excessively limit the number of people who have the opportunity to do so. And at the end of the day, that’s the trade-off here: the fewer students we admit to Ph.D. programs, the earlier we make the decision regarding who gets to be the next generation of professors.
While I sympathize with Tucker’s paternalism argument, I think his analysis fails to appreciate that lines must be–and are–drawn somewhere. All of us are unfit for certain occupations, and each of us must either (1) realize this ourselves or (2) be told this by others. Moreover, this must happen (1) sooner or (2) later. Tucker does not escape the inevitable moment of line-drawing simply by choosing “later”, i.e., after his Ph.D. admission committee has sent out its acceptances.
Perhaps I can illustrate what I mean by expanding on Tucker’s example of professional baseball. Personally, I am objectively unfit to play for a minor league baseball team, let alone to be drafted into the majors. Let us suppose that, for whatever reasons, I am too deluded to realize this for myself and will need to be told by others that I will never be a major league baseball player. Should a minor league team still admit me to its roster? What about a college team? High school varsity team? At what point should I be told, “Kid, you don’t stand a chance of ever playing in the majors. You should pursue another career”?
This is a difficult question that will need to be answered differently for different individuals based on their own specific circumstances. Tucker, however, does not attempt to answer this question or provide guidelines on how it should be answered under various circumstances. Rather, he simply implies that Ph.D. students should be admitted first and allowed to sort themselves out later, regardless of changing job market conditions or the odds of success.
In contrast to Tucker’s faith in the meritocratic process, “Dean Dad” responds in “Meritocracy and Hiring” that the academy is NOT the sort of meritocracy that should be generating smug feelings of superiority:
As someone whose job it is to actually hire faculty, I can attest that merit is only a small part of the picture….In this funding climate, we can only afford to staff a few of the positions (whether faculty, staff, or administration) that we need. If the position doesn’t exist, then the relative merit of the prospective candidates means exactly zero….Of course, there’s also the basic incompatibility of life tenure with the idea of meritocracy. If incumbents don’t have to keep proving themselves against newcomers, then you do not have a meritocracy. Tenure violates the foundational assumption of meritocracy.
The key is to recognize that hiring is always more about the employer than about the employee. Employers hire to solve problems they consider important. If you’re the best darn German professor who ever walked the planet, congratulations, but I don’t need you. I don’t doubt your brilliance, your hard work, your civic virtue, or your habit of helping old ladies across the street. They just don’t matter. It’s not about you.
I think Dean Dad is onto something here. In discussions about job markets, the “right-place-at-the-right-time” factor is far too often overlooked . Despite, for example, evidence that simply graduating from college in the middle of a recession can permanently lower lifetime earnings. Dean Dad helpfully reminds his readers that failure to land a job in one’s chosen profession does not necessarily have moral overtones:
I’m convinced that one reason some people won’t let themselves let go of the dream, despite years of external signals suggesting that they should, is a sense that it would reflect a personal moral failing. They’ve identified so completely with the ‘meritocracy’ myth that they feel a real need to redeem themselves within it….[T]hey see the status of “tenured professor” as a sort of validation of everything they’ve done. Leaving the academy would be admitting defeat and accepting failure; lifelong “A” students, as a breed, aren’t very good at that. It’s not what they do….[L]et’s recognize the academic job market as the uneven, unpredictable, often unforgiving thing that it is. Good people lose. Frankly, some real losers sometimes win. It’s not entirely random, of course, but it’s a far cry from a meritocracy.
Although Dean Dad is writing about the academic job market, I think this is also a helpful point for recent law graduates to remember, especially in the midst of a recession. Things don’t always work out, and that’s OK. Sometimes, you just have to let it go and try something new.