Showing posts with label Incentives. Show all posts
Showing posts with label Incentives. Show all posts

February 21, 2019

-25,000 Jobs NYC

While some politicians are hard at work to create jobs, revive our manufacturing, and expand our economy...

...Others like NY Representative, Alexandria Ocasio-Cortez, are busy destroying jobs from her city. 

After a grueling competition for the Amazon HQ2 with 200 cities offering incentives to land one of two 2nd Headquarters for Amazon, the winners were Arlington, VA and Long Island City, NY.

These lucky cities were to divide 50,000 new jobs and $5 billion in investment by technology and e-Commerce behemoth, Amazon. 

Instead of thanking G-d for their good fortune and celebrating their win under the political savvy of New York's Governor, Andrew Cuomo and NYC's Mayor, Bill de Blasio, Representative Alexandria Ocasio-Cortez railed against the "corporate welfare" and basically killed the deal. 

What should be critically noted is that incentives for Amazon were based on meeting their performance benchmarks for NYC and Arlington and were not corporate charity or handouts. 

What Socialist, Ocasio-Cortez failed to understand is that Capitalism is successful precisely because of competition and incentives for performance, and that capital is ideally allocated to where it can get its highest return. 

In short, New York and Virginia weren't giving away the farm, they were competing for great jobs and investment in their cities--and that's what 200 cities recognized from Mexico, Canada, and the U.S. 

Aside from AOC's blatant bigotry and Anti-Semitism so far, she has goofed with a Green Deal that promised income security (socialist handouts) to those "unwilling to work" and sought to get rid of everything from "farting cows" to Airplanes, and now she's lost 25,000 jobs in NY. 

Voters in NY and Democrats in Congress should be paying attention to their new Socialist champion and one of its extremists in chief. 

(Source Photo: Andy Blumenthal)
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September 7, 2018

Nimbyism By All

So I learned a new word this week:

Nimby, which stands for:

Not 
I
M
Back
Yard

It refers to people who object to and don't want something unpleasant or dangerous in their neighborhood. 

Prisons
Homeless Shelters
Garbage Dumps
Radioactive Waste Sites
Oil and Gas Pipelines
Noisy Railroads
Polluting Factories
Adult Entertainment
etc. 

Yes, society as a whole apparently wants or needs these things, but the individuals just want to see it someplace (anyplace) else. 

People want the benefits, but don't want the costs and risks associated with these things near them. 

The problem is when everyone feels this way then you are left either choosing somewhere despite the nimbyism protests or you have to locate them in remote places that are not always functional, fair or efficient for society. 

Perhaps this is where incentives or compensation comes in for people to get in order to "put up" with the placement of things in their backyard that they rather not have there. 

Is that what it means that nimbyism aside, "everyone has their price"?

(Source Photo: here with attribution to creative2/usa)
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November 18, 2014

Say Little And Do Much

New Article by Andy Blumenthal here in Public CIO Magazine. 

"It's not what we say, it's what we do that really matters."

Hope you enjoy!

(Source Photo: Andy Blumenthal)
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August 30, 2009

Privacy vs. Exhibitionism

We are a nation torn between on one hand wanting our privacy safeguarded and on the other hand wanting to share ourselves openly and often on the Internet—through Social Media, e-Commerce, e-mail, and so forth.

These days, we have more information about ourselves available to others than at any time in history. We are information exhibitionists—essentially an open book—sharing virtually everything about ourselves to everybody.

Online, we have our personal profile, photos, videos, likes and dislikes, birth date, addresses, email and phone contacts, employer, resume, friends and family connections, banking information, real estate transactions, legal proceedings, tax returns, and more. We have become an open book to the world. In a sense we have become an exhibitionistic nation.

While we continue to friend, blog, tweet, and post our thoughts, feelings, and personal information online, we are shocked and dismayed when there is a violation of our privacy.

How did we get to this point—here are some major milestones on privacy (in part from MIT Technology Review--July/August 2009):

1787—“Privacy” does not appear in Constitution, but the concept is embedded in protections such as “restrictions of quartering soldiers in private homes (Third Amendment), prohibition against unreasonable search and seizure (Fourth Amendment), prohibition against forcing a person to be a witness against himself (Fifth Amendment).

1794—Telegraph invented

1876—Telephone invented

1890—Boston Lawyers Samuel Warren and Louis Brandeis wrote in Harvard Law Review of “the right to be let alone” and warned that invasive technologies threatened to take “what was whispered in the closet” and have it “proclaimed from the house-tops.”

1914Federal Trade Commission Act prohibits businesses from engaging in “unfair or deceptive acts or practices”; has been extended to require companies to write privacy policies describing what they do with personal information they collect from customers and to honor these policies.

1934Federal Communications Act limits government wiretapping

1969—ARPANet (precursor to Internet) went live

1970Fair Credit Reporting Act regulates collections, dissemination, and use of consumer information, including credit information

1971—First e-mail sent.

1973—Code of Fair Information Practices limits secret data banks, requires that organizations ensure they are reliable and protected from unauthorized access, provides for individuals to be able to view their records and correct errors.

1974—Privacy Act prohibits disclosure of personally identifiable information from federal agency.

1988—Video Privacy Protection Act protects against disclosure of video rentals and sales.

1996—Health Insurance Portability and Accountability Act (HIPPA) protects against disclosures by health care providers.

1999Scott McNealy, CEO of Sun Microsystems states: “You have zero privacy anyway. Get over it.”

2000—Children’s Online Privacy Protection Act prohibits intentional collections of information from children 12 or younger

2001—USA Patriot Act expands government’s power to investigate suspected terrorism acts

2003—Do Not Call Implementation Act limits telemarketing calls

2006—Google Docs release for creating and editing docs online

2009—Facebook 4th most popular website in the world

As anyone can see, there is quite a lot of history to protecting privacy. Obviously, we want to be protected. We need to feel secure. We fear our information being misused, exploited, or otherwise getting out of our control.

Yet, as technology progresses, the power of information sharing, collaboration, and online access is endlessly enticing as it is useful, convenient, and entertaining. We love to go online and communicate with people near and far, conduct e-commence for any product near seamlessly, and work more and more productively and creatively.

The dichotomy between privacy and exhibitionism is strong and disturbing. How do we ensure privacy when we insist on openness?

First, let me say that I believe the issue here is greater than the somewhat simplistic answers that are currently out there. Obviously, we must rely on common sense + technology.

From a common sense perspective, we need to personally safeguard truly private information—social security numbers and mother’s maiden name are just the obvious. We need not only be concerned about distinct pieces of information, but information in the aggregate. In other words, individual pieces of information may not be easily exploitable, but when aggregated together with other publically available information—you may now be truly exposed.

In terms of technology, we need to invest more time, money, and effort into securing our systems and networks. Unfortunately, businesses are more concerned with quarterly revenue and profit targets than with securing our personal information. We have got to incentivize every business, organization, and government entity to put security and privacy first. Just like we teach our children, “safety first”, we need to change our adult priorities as well or risk serious harm to ourselves and our nation from cyber criminals, terrorisms, and hostile nation states.

But the real issue is, why do we continue to treat technology as if it is more secure and private than it truly is? In a sense, we shut our eyes to the dangers that we know are lurking, and tell ourselves “it only happens to somebody else.” How do we curb our enthusiasm for technological progress with a realism of recognizing the very real dangers that persist?


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