(ABC News) — Treasury Secretary Timothy Geithner didn’t dispute a Harvard economist’s estimate that each job in the White House’s jobs plan would cost $200,000, but said the pricetag is the wrong way to measure the bill’s worth.
And he also pointed out, in an interview today with ABC News’ David Muir, that there is no other option on the table for getting the economy moving and putting more people back to work.
THE COST PER JOB IS TOO HIGH Martin Feldstein, the Harvard economist, recently combined private estimates that the president's plan would raise employment by about two million in 2012, with its cost of about $450 billion. His conclusion was startling: each job produced by the plan would cost about $200,000.
f you somehow missed it, they turned Michael Lewis’ book Moneyballinto a movie that premiered last weekend. Given how much coverage it got, I was stunned to see it come in third place at the box office, behind the re-released Lion King of all things.
I have been aware of the book and Billy Beane since Beane turned the baseball world on its ear by proving that the old school measure of talent, batting average, was necessary but not sufficient to make the best decisions about hiring, and talent is everything in baseball – or to put it in Yogi Berra-oid terms – 90% of baseball is 50% talent.
Beane showed that things lke on base percentage, slugging percentage, even the number of walks a player gets can have greater statistical impact on the outcome of games – and of course winning is what matters in the end. And for years, Beane was the only one managing a team this way, so he had the advantage and his team did better while spending less on their talent (because everyone was still so focused on batting averages). Now everyone follows this model so the playing field is once again relatively level (albeit a new higher level).
Friday I was listening to NPR and they were talking about the book and the movie and why the book was such a huge hit and the person they were interviewing said it really well – he said the reason Moneyball was such an “important” book was because it rattled an entire industry by showing it the set-in-stone metrics that industry was using were not enough, and that sent ripples into other industies suggesting that they rethink their metrics as well. In many respects, my book Rethink is a guide to helping organizations do just that.
After I heard that piece on NPR I saw two different articles in The New York Times talking about two very different companies who have followed the Moneyball/Rethink logic and offer some great examples of non-obvious changes.
Julie Dermansky – Julie Dermansky is a multimedia reporter and artist based in New Orleans. She is an affiliate scholar at Rutgers University's Center for the Study of Genocide and Human Rights. Visit her website at www.jsdart.com.
The Atlantic, 27 September 2011
They're calling it America's answer to the Arab Spring. In July, the anti-capitalist magazine Adbusters urged readers to “flood into lower Manhattan, set up tents, kitchens, peaceful barricades and occupy Wall Street for a few months. Once there,” it continued, “we shall incessantly repeat our one simple demand until Barack Obama capitulates.”
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As planned, thousands began gathering on September 17, but 10 days into their demonstration, it's not entirely clear what that “one simple demand” might be. Many of the hand-scrawled signs lash out against corporations. But as the days go by, new issues emerge. The execution of Georgia prisoner Troy Davis four days into the protest made the death penalty into a central theme. And the NYPD has become a major target for rage, especially after Saturday's reports that a police officer (improbably named Anthony Bologna) had aimed pepper spray at a protester's face.
Photographer Julie Dermansky, who covered the protests in Tahrir Square, headed to New York after seeing videos of the Wall Street demonstrations on Facebook. These photos capture some of the scenes she encountered yesterday.
Joshua Foust – Joshua Foust is a fellow at the American Security Project and the author of Afghanistan Journal: Selections from Registan.net.
The Atlantic, 20 September 2011
This morning I testified at the Senate Committee on Homeland Security and Government Affairs' Subcommittee on Oversight of Government Management, the Federal Workforce, and the District of Columbia (a mouthful, I know) about how we can better manage and administer contractors within the intelligence community. I'm pasting a brief excerpt of my written testimony below, followed by a link to the full text of my remarks.
Every contract the government issues for a company to perform work is defined by the Statement of Work (SOW). This is a document that defines the parameters of the work the contractor will perform, including a description of the project, expected duties the contractor must fulfill, and the outputs and metrics by which performance will be measured. These are often poorly written, kept intentionally vague, and wind up not actually addressing the stated intent of the contracts.
As one example, every SOW I've had to either administer, edit, review, or write has stated as a basic metric of performance the number of employees the contractor should hire. That is, the basic means by which the government measures the contractor's performance is based first and foremost on the number of people hired to work on the contract. This has two serious consequences that affect the contracting environment: it removes the distinction between employees that would make work products better, and it confuses the number of employees with contract performance.
The frankly bizarre system of hiring intelligence contractors is born from several interdependent processes: getting a security clearance, getting hired, and getting “read on” to work at a government site. The system of getting a clearance is structured such that those with clearances are given preference above those without clearance, regardless of the relevant experience of either employee. In other words, if two candidates are competing for a job with a contractor, and one has deep relevant experience but no clearance, she will most likely lose to a candidate with less relevant experience but a current and active security clearance.
There is a great deal more to this, and I would suggest anyone interested in this topic to download both my own testimony (At SCRIBD, or PDF here), and checking out the Hearing page, which includes written remarks from Daniel Gordon from the Office of Management and Budget, DHS Chief of Intelligence Charles E. Allen, Scott Amey from the Project on Government Oversight, and Dr. Mark Lowenthal.
Found here, (mentions cheap boric acid solution) but the NY Times article requires login.
Supported by a grant from the Bill and Melinda Gates Foundation, Dr. Schlein and his research partner Günter C. Müller concocted an array of nectar poisons known as Attractive Toxic Sugar Baits that are easy to make, environmentally friendly and inexpensive.
In tests in Israel and in West Africa, the baits knocked down mosquito populations by 90 percent. Even better, they nearly eliminated older females, the most dangerous mosquitoes. (Only females bite humans, and only mosquitoes that have already picked up malaria, dengue or another disease from one human can inject it with their saliva into another human.)
Five miles southeast of the gleaming Capitol dome, on a scenic bluff overlooking the confluence of the Potomac and Anacostia rivers, the future office of the secretary of Homeland Security sits boarded up and abandoned.
Four years ago, U.S. officials announced plans to renovate the dilapidated, castle-like structure —opened in 1855 as the Government Hospital for the Insane — to anchor Washington’s largest construction project since the Pentagon was built 70 years ago.
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The goal was to unite on a single campus the 22 agencies that were stitched together to form the Department of Homeland Security after the Sept. 11, 2001, terrorist attacks.
But the $3.4-billion headquarters project stalled as Congress tried to cut the federal deficit.
Phi Beta Iota: There is no evidence that in the meantime, the CIA is using the facility as a secret prison for US citizen dissidents. As clear as it is to the public that DHS needs to be eliminated immediately, DHS has clearly not gotten the memorandum. We believe there will be a one-third cut in federal funding and federal employment beginning in 2012. The current leadership of the two parties, of Congress, and of the Executive appears to be grotesquely out of touch with reality, out of control, and operating completely against the public interest.
