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Tuesday, March 23, 2021

CEO Stress, Aging, and Death

Warragamba Dam is overflowing and spilling equivalent of Sydney Harbour's water each day | ABC News


Forgotten land of Haberfield sinks into the bogHarriet Alexander


The Heiress, the Queen, and the Trillion-Dollar Tax Shelter Institutional Investor. The rich are different. They own enormous mansions, off-shore.


Purdue Pharma Conducted Massive Probe Of The Sacklers, But The Findings Are Secret NPR


Newly Obtained Audit Report Details How Shady Clients from Around the World Moved Billions Through Estonia Defence review: UK could use Trident to counter cyber-attack Guardian


What Happens When Our Faces Are Tracked Everywhere We Go? NYT. “[ClearView] could let companies track us as pervasively in the real world as they already do online



The Cormann Conundrum: is the new OECD Secretary-General a friend or a foe of environmental action? Steve Keen 


We estimate the long-term effects of experiencing high levels of job demands on the mortality and aging of CEOs. The estimation exploits variation in takeover protection and industry crises. First, using hand-collected data on the dates of birth and death for 1,605 CEOs of large, publicly-listed U.S. firms, we estimate the resulting changes in mortality. The hazard estimates indicate that CEOs’ lifespan increases by two years when insulated from market discipline via anti-takeover laws, and decreases by 1.5 years in response to an industry-wide downturn. Second, we apply neural-network based machine-learning techniques to assess visible signs of aging in pictures of CEOs. We estimate that exposure to a distress shock during the Great Recession increases CEOs’ apparent age by one year over the next decade. Our findings imply significant health costs of managerial stress, also relative to known health risks.

That is from CEO Stress, Aging, and Death -a new NBER working paper by Mark Borgschulte, Marius Guenzel, Canyao Liu, and Ulrike Malmendier.

'Techniques are replicable and skill is surpassable, but the only thing you can't hack digitally is time. This is the crown jewel, the most valuable piece of art for this generation.   Like 19 years old Media Dragon, Beeple is worth $1 billion


Thread about Metakovan.  And more on the Beeple buyer



Jeremy Bearer-Friend (George Washington), Tax Without Cash, 106 Minn. L. Rev. ___ (2021):

This Article documents and evaluates tax obligations paid without cash, referred to as “in-kind tax paying.” Such forms of tax paying include paying federal income taxes by remitting a used, flatbed truck to the IRS, paying local property taxes by working a few hours a month answering phones at city hall, and paying state excise taxes by conveying a proportion of all seashells farmed within a state to that state. These are not just hypotheticals, but forms of in-kind tax paying that occur in the United States throughout periods when many taxes are also paid in cash. Nevertheless, despite its long history and prevalence, in-kind tax paying has been underexplored as a viable, and potentially appealing, form of tax remittance.



Exit Counselors’ Strain To Pull Americans Out Of A Web Of False Conspiracies NPR – “…Experts see this spread of disinformation as a public health emergency that’s threatening democracy, increasing the risk of further violence, and straining family relationships. It’s also taxing a bevy of “deprogrammers” who are trying to help. More commonly referred to as “exit counselors” or “de-radicalizers,” they help people caught up in cultic ideologies to reconnect with reality. “I’ve probably got almost a hundred requests in my inbox,” says Diane Benscoter, who’s been helping people untangle from extremist ideologies since the 1980s, after she herself was extricated from the Unification Church, commonly known as the Moonies. She recently founded a non-profit, Antidote.ngoto run Al-Anon style recovery and support groups for the unduly influenced and their loved ones. There’s no end to the need for those kinds of services, Benscoter says…”


Radical people, not technology, are needed for a sustainable revolution

Michael Keating’s summary and review of Ross Garnaut’s latest book Reset: Restoring Australia after the Pandemic Recession is stimulating and important. While massive sustainable transformations in Australia’s economy and society are required, the emphasis on macroeconomic policies and the faith shown in technology is concerning....