Reading

Created
Thu, 21/12/2023 - 12:00
JV Last has a great piece up today about the Colorado decision that you should read in its entirety. I’ll just excerpt this one part: Have you ever noticed how, whenever Trump does something terrible, there is always an argument that holding him accountable can only help him? You can’t impeach him in 2020, because it’ll just make him stronger. You can’t impeach him in 2021, because you’ll turn him into a martyr. You can’t raid Mar-a-Lago to take back classified documents, because you’ll rile up his base. You can’t prosecute him for crimes X, Y, and Z, because it’ll make Republican voters love him more. There is a strange, self-limiting, helplessness to that thinking: A wicked man does immoral and illegal things—and society’s reaction is to say that we must indulge his depredations, because if we tried to hold him accountable then he would become even worse. Is there any other aspect of life in which Americans take that view? That’s not how parents deal with children. It’s not how regulatory agencies deal with corporations. And it’s not how the justice system deals with criminals.
Created
Thu, 21/12/2023 - 11:30
This paper examines the factors associated with the adoption of cloud computing and artificial intelligence/machine learning, two emerging digital general-purpose technologies (GPT), as well as firms' post-adoption outcomes. To do so we identify adoption of GPT based on references to these technologies in listed company reports, and merge this with data on their Board of Directors, their hiring activities and their financial performance. We find that firms that have directors with relevant technological backgrounds, or female representation on their Board, are more likely to profitably adopt GPT, with the former being particularly important. Worker skills also appear important, with firms that adopt GPT, particularly those that do so profitably, being more likely to hire skilled staff following adoption. Finally, while early adopters of GPT experience a dip in profitability following adoption, this is not evident for more recent adopters. This suggests that GPT may have become easier to adopt over time, potentially due to changes in the technologies or the availability of relevant skills, which is encouraging in terms of future productivity outcomes.
Created
Thu, 21/12/2023 - 10:30
I’m sure this is terrible news for Joe Biden: The best answer to most of this is “not sure” unless you are a highly educated constitutional scholar or Supreme Court expert. But we all have our uneducated opinions. I’m going with “will reverse” myself. But it’s nice to see that some of the Republicans agree that he committed an insurrection and should be barred though. If they stick with that then Trump will lose. Happy Hollandaise!