Friday, March 16, 2012

Links

In Denial of Fukushima
Fukushima also demonstrated unambiguously that communities living near nuclear facilities would be the worst affected in the event of an accident, a lesson that hasn’t been lost on the local populations in Koodankulam and Jaitapur.
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The first point to note is that the very statement that the likelihood of an accident is zero is scientifically untenable; every nuclear reactor has a finite, albeit small, probability of undergoing a catastrophic failure. What’s more, because of the complexity of the system and the many ways in which accidents could occur, this probability is never calculable with full certainty.
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A second question: is the confidence on the part of officials about the zero probability of accidents good for safety? This is not a question about technology but about organisations. The problem is that because of the potential for accidents, nuclear technology poses extreme organisational demands.
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Safety scholar James Reason once noted: “If an organisation is convinced that it has achieved a safe culture, it almost certainly has not.”


Why I am leaving goldman sachs
It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as “muppets,” sometimes over internal e-mail. Even after the S.E.C., Fabulous Fab, Abacus, God’s work, Carl Levin, Vampire Squids? No humility? I mean, come on. Integrity? It is eroding. I don’t know of any illegal behavior, but will people push the envelope and pitch lucrative and complicated products to clients even if they are not the simplest investments or the ones most directly aligned with the client’s goals? Absolutely. Every day, in fact.


Why I left google
Google was the rich kid who, after having discovered he wasn’t invited to the party, built his own party in retaliation. The fact that no one came to Google’s party became the elephant in the road.
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The old Google made a fortune on ads because they had good content. It was like TV used to be: make the best show and you get the most ad revenue from commercials. The new Google seems more focused on the commercials themselves.


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