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S.Y. Lee wrote an excellent series on the privatization of Japan National Railways (JNR). This is part 4 of 4: https://www.substack-bahn.net/p/the-rise-and-fall-of-japans-...

If I remember correctly, the privatization of JNR was mostly political, and has little relation to the subsequent successes or failures of the railways. In other words, keeping it public would not necessarily have changed the outcome for passengers.


This tweet finds that US systems like BART and MTA have more employees, when adjusted by number of riders or miles of track, than JR East, which seems to contradict your comment.

https://xcancel.com/shinobu_books/status/2043991756291879024


When merit is easy to define and measure. I have a lot more respect for athletes than tech leaders.


Youtube premium is not claiming AGI to justify a certain valuation.


I don’t think OpenAI has claimed they have AGI?


Sam Altman said in 2024 that AGI could happen as soon as 2025.

https://dianawolftorres.substack.com/p/is-agi-just-around-th...

And that's not his only bold claim about AGI.


Maybe not having it but being really close to that and knowing how to build it. "We are now confident we know how to build AGI as we have traditionally understood it. We believe that, in 2025, we may see the first AI agents “join the workforce” and materially change the output of companies."


Hasn't the happened? Plenty of companies are working and experimenting with agents.


I'm still waiting for the "materially change the output of companies" part.


I think those tickets are for people who train watch on the platform or see off friends/family from the platform.


Pachinko


> The amount of transparency over government

Can you describe how transparency over government has increased (by social media)?


Mainly that people have a place to share things that are happening, spread them, etc. There is just far greater awareness. For example locally there are people who attend council meetings or other such events and report on things that the newspaper doesn’t. I don’t mean that the government itself is more transparent voluntarily - although I guess they do share some basic things like public notices via social media channels.


Correct, Fidelity has a list of 25 Program Banks[1] of varying quality, so I prefer sweeps into a money market fund instead of a bank.

I also use Schwab _Bank_'s checking account instead of Fidelity's Cash Management Account for similar reasons. The latter's debit card is issued by PNC Bank and administered by BNY Mellon[2]. They are large institutions, but I have no wish to deal with the finger-pointing when something goes wrong. Whereas at Schwab, I know who to blame: Schwab.

This type of specialization or "deintegration" seen with neobanks in the name of innovation seems to be a common pattern used to skirt accountability, and it is weaponized against the average consumer's already inadequate rights and ability to recover damages.

[1] https://accountopening.fidelity.com/ftgw/aong/aongapp/fdicBa... [2] https://www.fidelity.com/cash-management/help-center/debit-c...


Agreed.

> I have given poor reviews to people who invested lots of time and energy in projects and probably even did good work on them, because they were _completely_ off strategy and completed before anyone who knew better could tell them they were a waste of time and energy.

Alignment is really hard to do when management claims they're there to "support" engineers and their decisions, and not dictate from above. I see this as a great CYA move, couched in empowering language.

It is even harder when they visibly reward shiny new features while trumpeting a pivot to reliable infrastructure, only to change their mind and behavior on a whim. Mixed signals.


Some employers will have healthcare concierges that help with resolving such issues. An example is HealthAdvocate[1] (no relation). I believe some of these services will take a cut (e.g. 25%) of the money they save for you.

I cannot speak to how effective these services are. My general experience with "proxy" services have not been great, due to inadequate care or training.

[1] https://www.healthadvocate.com/site/product-index/engagement...


So we pay people to deny coverage, and then we also pay people to deny the denying. Broken Window Theory hard at work!

It's the societal version of Kurt Vonnegut Jr's "dynamic tension." Just muscles pulling against muscles for their own sake, with no actual work getting done. Surely this is a recipe for downfall.


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