Wednesday, October 18, 2017

Law and Leadership: These Boots were Made for Walking Not Resume Writing ;-)

Almanac: Donald E. Westlake on ideas vs. plans
“He had a whole lot of ideas, but a whole lot of ideas isn’t a plan. A plan is a bunch of details that mesh with one another, so you go from this step to ... read more

Return Receipt 2Nina Olson, the National Taxpayer Advocate (as if you did not know), had a great blog last weekdescribing a really cool study her office conducted on how to improve taxpayer compliance with the Earned Income Tax Credit (ETIC ... again, as if you did not know).
The basic idea was to see if a simple letter mailed to taxpayers who had demonstrated some identifiable error in their 2014 EITC claims would result in them making fewer errors in their 2015 EITC claims. Not only that, but the study compared that group to a control group of similar taxpayers who made similar errors but who were not sent a letter explaining where they went wrong.

20 of America’s top political scientists gathered to discuss our democracy. They’re scared. Vox

Former Goldman Sachs banker announced as new ASIC boss

Mayo 3Kevin O’Keefe (CEO & Founder,LexBlog), Law Schools Need To Introduce Social Learning:

Little question that some law school students are using social media and blogging to build a name for themselves. ... But how many law students are blogging and using social media for learning? How many law professors and law schools are promoting its use for learning?

Sadly, not many — and that’s a loss for the students, as well possible malfeasance on a law school’s part for failing to do so.

ZDNet’s Dion Hinchcliffe recently reported that though technology has long been used to improve how we learn, today’s digital advances, particularly with social media, have taken learning in a powerful new direction:

[The digitization of learning] allows learning — for better or worse, depending on the critic — to be far more situational, on-demand, self-directed, infinitely customized, even outright enjoyable, depending on the user experience, all of which leads to more profound engagement of learners.

In addition, the rise of social networking technology has allowed people with similar learning interests to come together as a group to share knowledge on a subject — and perhaps even more significantly — to express their passion for an area of learning. This can create deeper, more intense, and more immersive educational experiences within a community of like-minded learners. ...

“Social learning” is more than theory, the use of digital platforms and social networks to bring together communities has proven to work. ... Hinchcliffe suggests organizations lay a foundation for social learning. In the case of law schools, a foundation means creating a positive environment for social media and blogging.

Stanford 2
Symposium, Raising the Bar: Lawyers and Leadership, 69 Stan. L. Rev. 1593-1853 (2017):

Are you a 21st century-proof public manager?

Are you a 21st century-proof public manager?
Volatility and complexity will play an increasing role in the public sector manager’s work, argues Associate Professor Zeger van der Wal. He outlines the five attributes public servants will need

Have we outgrown Yes, Minister? | The Spectator Australia

Jay A. Soled (Rutgers) & James Alm (Tulane), W(h)ither the Tax Gap?:, 92 Wash. L. Rev. 521 (2017):
For decades, policy makers and politicians have railed against the “tax gap,” or the difference between what taxpayers are legally obligated to pay in taxes and what they actually pay in taxes. To close the gap, Congress has instituted numerous reforms, with varying degrees of success. Notwithstanding these efforts, the tax gap has largely remained intact, and, if anything, its size has gradually grown over the last several decades.

Hard Things to Do at Latitude East and North whe surrounded by resume writers  ..., by Ben Horowitz of Andreessen-Horowitz, the venture capital firm.  While it is hard to pull bits from the broader stories, here are a few:
Most business relationships either become too tense to tolerate or not tense enough to be productive after a while.  Either people challenge each other to the point where they don’t like each other or they become complacent about each other’s feedback and no longer benefit from the relationship.
People always ask me, “What’s the secret to being a successful CEO?”  Sadly, there is no secret, but if there is one skill that stands out, it’s the ability to focus and make the best move when there are no good moves.  It’s the moments where you feel most like hiding or dying that you can make the biggest difference as a CEO.
The first rule of organizational design is that all organizational designs are bad.
The purpose of process is communication.
By far the most difficult skill I learned as CEO was the ability to manage my own psychology.
CEO is an unnatural job.
Definitely recommended, it is one of my five favorite management books ever.  Furthermore, its lessons are relevant for people in academic, media, and policy worlds, unlike many other management books.  Is that because of an emphasis on talent evaluation and also work in teams and small groups? 

Sovereignty or service

We often talk about an organization having a mission, as if the organization exists as some separate entity with its own individual will. But increasingly I’m wondering if that attribution hasn’t always been upside-down. Organizations ... read more

Heather M. Field (UC-Hastings), Aggressive Tax Planning and The Ethical Tax Lawyer, 36 Va. Tax Rev. 261 (2017

This Place Lets You Pay Your Taxes In Bitcoin

How Norms Change The New Yorker

Italians turn to fortune-tellers and occult as economy slumps - the sector is now worth an estimated eight billion euros a year

Conference on Artificial Intelligence - "AI: Intelligent Machines, Smart Policies"

Treasury is top target for cybercriminals, 5/10/17. Corporate treasury is a top target for cyber-criminals. Treasury’s trove of personal and corporate data, its authority to make payments and move large amounts of cash and its often complex structure make it an appealing choice for cyber criminals, a survey by the Economist Intelligence Unit and Deutsche Bank revealed.

North Korean hackers stole US-South Korea war plans, official says CNN. Probably makes the situation more stable, not less, assuming the plans aren’t chicken feed.

Gartner Identifies the Top 10 Strategic Technology Trends for 2018

How to Build a Self-Conscious Machine - Perhaps the best thing to come from AI research isn’t an understanding of computers, but rather an understanding of MEdia Dragons

Accounting in the Age of Digital Currencies: Bitcoin & Blockchain – the new disrupters

HEAVEN OR HELL?: A glimpse at what life might be like when lived on the blockchain.

Tuesday, October 17, 2017

How the world’s greatest financial experiment enriched the Rich Families

Higher taxes to hit 1.6 million Australians, Parliamentary Budget Office report reveals

The top 0.1 percent of earners projected to pay more to the IRS than the bottom 80 percent combined. This year, official government datashow, the top 20 percent will pay 95 percent of all income taxes.
Not just that: It’s hard to cut tax rates on moderate-income people without simultaneously benefiting the rich. That’s because everyone pays the same marginal tax rates on, say, their first $50,000 in income, regardless of how much they make in total. So cutting, for example, the 15 percent tax bracket helps the poor and rich alike.

As an American blogger recently pointed out:

Competent establishments are not deposed — because they’re competent. They are nimble, react well to changing circumstances and growing discontent, and tweak their course to maintain their power and authority.

Only incompetent establishments provoke a rebellion.
Have we outgrown Yes, Minister? | The Spectator Australia
Politicians open Parliament House dining room to public - Good Food

So You Want to Buy a Stake in a Private Equity Manager? The Harvard Law School Forum on Corporate Governance and Financial Regulation

'Israel hacked Kaspersky and caught Russian spies using AV tool to harvest NSA exploits'

To Russia, with love: Greek court now says Bitcoinfraud suspect could be tried at home

US and Moscow both want to extradite Alexander Vinnik, 38, but minister of justice will decide

Legal Current – “Free wi-fi is widely available and tempting to use, especially when traveling.  Hotels, airports, coffee shops, even NYC subway stations provide it. But the dangers of public wi-fi are many-fold.  Not only are they hunting grounds for hackers, but a new report from security firm FireEye claims a Russian hacker group known as APT28, or Fancy Bear, used hotel Wi-Fi networks to spy on high-value guests. While use of Virtual Private Networks (VPNs) can safeguard against unsafe wi-fi networks, recent bans of VPNs by Russia and China further complicate matters. Bob Braun with Jeffer Mangels, Butler & Mitchell, says when using any public wi-fi, you are inherently at risk. To listen, click here (or to download and listen later, right-click)”