Uber’s valuation – company v/s market

Its valuation is that high despite the fact that it’s not profitable, and despite the fact that it has little protection from competitors baked into what it is and does.

Uber’s valuation, in other words, is a reflection of the global marketplace and not a reflection of Uber’s own durability as a company.

What Happens If Uber Fails?, March 23, 2017 at 03:00AM

Policing by consent

The Metropolitan Police, which covers most of London, was founded in 1829 on the principle of “policing by consent” rather than by force.

Giving everyday police officers guns sends the wrong message to communities, so this thinking goes, and can actually cause more problems than it solves.

Why London doesn’t arm most of its police officers, March 23, 2017 at 05:09PM

India’s GDP growth, or of 60% of it

Rupa Rege Nitsure, chief economist at L&T Holdings, said the current year’s growth “appears to be overstated as our National Accounts Statistics does not adequately capture activities from the unorganised sector“.

“While the numbers make sense in terms of direction of change, their actual magnitude appears to be overstated,” she said.

The so-called “unorganised sector” – made up of informal workers – is believed to account for about 40% of India’s economy.

Indian economic growth slows in final quarter of 2016 – BBC News, February 28, 2017 at 10:55PM

Beating wife & kids – my god given right!

Scripture and Russian tradition, the church said, regard “the reasonable and loving use of physical punishment as an essential part of the rights given to parents by God himself”.

Why Russia is about to decriminalise wife-beating, January 28, 2017 at 12:03PM

I know a vast proportion of population back in India would completely agree with the Russian duma on this, with religious and societal permission.

I remember an aunt who used to be regularly beaten by her husband, and her mom refused to interfere because it was ‘between her and her husband’. Her husband, and his family, burnt her to death a few years after since she didn’t get sufficient dowry.

The grand aunt was one of the strongest, most independent women I’d known till then. Her daughter’s murder broke her. Yet, she refused to accept that she should’ve intervened. She only regretted not choosing a better husband in the first place.

Not surprising then, that women led the Russian wife-beating law, or that women voted for Trump in large numbers, or that women are big supporters of some of the most women-oppressing societal norms in India.

The risk of a ideological war

A lesson from the cold war:

Russia teaches us a very important lesson: losing an ideological war without a fight will ruin you as a nation. The fight is the American way. When we stop fighting for our ideals abroad, we stop fighting for them at home.

Putin’s Real Long Game, January 27, 2017 at 02:59AM

Fashion – Premier league manager edition

He eschews both the traditional options for Premier League managers on the sideline — tracksuit to convey dynamism, business suit to project authority — in favor, usually, of a turtleneck, skinny jeans and sneakers.

Pep Guardiola: A Continental Success and English Soccer’s Measuring Stick, January 24, 2017 at 11:38AM

Asking the wrong questions

This isn’t exactly an uncommon observation – lots of people have pointed out that vintage sci-fi has plenty of rocket ships but all the pilots are men – 1950s society but with robots. Meanwhile, the interstellar liners have paper tickets, that you queue up to buy. With fundamental technology change, we don’t so much get our predictions wrong as make predictions about the wrong things.

Asking the wrong questions, January 24, 2017 at 12:08PM