Month: March 2021

Russia Now Has More Political Prisoners Than USSR Did In 1976 – OpEd

Two years ago, Russian activist Vladimir Kara-Murza pointed out that Vladimir Putin’s Russia had more political prisoners than the USSR did when Andrey Sakharov began calling attention to them in the USSR in 1976 (rferl.org/a/activist-number-of-political-prisoners-in-russia-twice-what-it-was-in-ussr/30048022.html).

In period since Kara-Murza made that calculation, Ellen Leafstedt of St. Antony’s College in Oxford says, the numbers of political prisoners in Russia have only increased and indeed continue to rise. In an article for the Riddle portal, she suggests that it is important to recognize their diversity (ridl.io/ru/nakazanie-bez-prestuplenija/).

A World Beguiled By ‘Techno-Voodooism’ – OpEd

What happens when systems cross the threshold of peak complexity and can no longer be improved in their current forms? Decision-makers can commission competing models in order to pick a winner. This however calls for patience, prudence and sound oversight. Alternately, they can pounce on a fantastical blueprint that will supposedly gel via Artificial Intelligence and get to play monopoly at the same time. An all-in-one solution!

Such thinking was precisely what beleaguered the F-35 combat aircraft program with its estimated $1.7 trillion in lifetime costs. After 20 years of troubled development, the stealth fighter’s problems have become so insurmountable that the US Air Force is now considering a clean slate fighter jet program to replace its ageing F-16s.

How The Fed’s Inflation Is Driving Stock Buybacks – OpEd

Senator Elizabeth Warren appeared on CNBC last week, sparring with hosts Becky Quick and Joe Kernan over stock buybacks.

Both sides here either forget about, miss, or fail to prioritize the key behavioral incentives that drive this activity.

It is true that company managers are shareholder agents—and are obligated to pursue projects to the end of wealth maximization. If the managers perceive that they do not have enough net present value–positive projects to pursue, they often pay dividends or do share buybacks.