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[ed. Turn it up a little.]
These companies—which love to hold themselves up as monuments of free expression—have attained a scale unlike anything the world has ever seen; they’ve come to dominate media distribution, and they increasingly stand in for the public sphere itself. But at their core, their business is mundane: They’re ad brokers. To virtually anyone who wants to pay them, they sell the capacity to precisely target our eyeballs. They use massive surveillance of our behavior, online and off, to generate increasingly accurate, automated predictions of what advertisements we are most susceptible to and what content will keep us clicking, tapping, and scrolling down a bottomless feed.
Wealthy eighteenth-century English travelers such as Gray used technology to mediate and pictorialize their experiences of nature just as Instagrammers today hold up their phones and deliberate over filters. To better appreciate the picturesque, travelers in the late 1700s were urged to use what was known as a gray mirror or “Claude glass,” which would simplify the visual field and help separate the subject matter from the background, much like an Instagram filter. Artists and aesthetes would carry these tablet-sized convex mirrors with them, and position themselves with their backs to whatever they wished to behold—the exact move that Gray was attempting when he tumbled into a ditch. The artist and Anglican priest William Gilpin, who is often credited with coining the term “picturesque,” even went so far as to mount a Claude mirror in his carriage so that, rather than looking at the actual scenery passing outside his window, he could instead experience the landscape as a mediated, aestheticized “succession of high-coloured pictures.”The light of the sun and moon cannot be outdistanced, yet mind reaches beyond them. Galaxies are as infinite as grains of sand, yet mind spreads outside them.
—Eisai
Biology gives you a brain, life turns it into a mind.All brains gather intelligence; to lesser or greater extents, some brains acquire a state of mind. How and where they find the means to do so is the question raised by poets and philosophers, doctors of divinity and medicine who have been fooling around with it for the past five thousand years and leave the mystery intact. It’s been a long time since Adam ate of the apple, but about the metaphysical composition of the human mind, all we can say for certain is that something unknown is doing we don’t know what.
—Jeffrey Eugenides
Our gathering of intelligence about the physical attributes and behaviors of the brain has proved more fruitful. No small feat. The brain is the most complicated object in the known universe, housing 86 billion neurons, no two alike and each connected to thousands of other neurons, passing signals to one another across as many as 100 trillion synaptic checkpoints. Rational study of the organism (its chemistries, mechanics, and cellular structure) has led to the development of the Human Genome Project, yielded astonishing discoveries in medicine and biotechnology—the CT scan and the MRI, gene editing and therapy, advanced diagnostics, surgical and drug treatment of neurological disorder and disease. All triumphs of the intellect but none of them answering the question as to whether the human mind is flesh giving birth to spirit or spirit giving birth to flesh.In the past two years, CNA Financial Corp. has increased the annual long-term-care insurance bill for Ms. Wylie and her husband by more than 90% to $4,831. They bought the policies in 2008, which promise future benefits of as much as $268,275 per person. The Wylies are bracing for more increases.
To make their budget work, she has taken on a part-time landscaping job. The couple has delayed home maintenance, travels less and sometimes rents out their house. “We feel like we are out on a limb here, and these policies are supposed to be our safety net,” she says…And there is an additional set of issues even for those who can afford to pay for pricier coverage. As we described in our earlier post, even the long-term care insurer that is supposedly the best in terms of paying claims, Genworth, now has many complaints on consumer websites. My own experience, when my mother was injured long enough that she might be submitting a claim, was that I got a HAMP-level run-around: they would not deal with me over the Internet and I was repeatedly disconnected when put on hold. When I finally reached a rep, I was told that they would need to send a nurse to evaluate my mother…but the phone rep could not schedule that visit and claimed they could not reach the unit responsible, and would have someone call back instead. We never got that call.
It turned out that nearly everyone underestimated how long policyholders would live and claims would last. For example, actuaries, insurers and regulators didn’t anticipate a proliferation of assisted-living facilities. And they assumed families would do whatever they could to avoid moving loved ones into nursing homes, holding down policy claims.
By the late 1990s, assisted-living facilities were widely popular. Especially at well-run ones, staff members looked after policyholders so well that they lived years longer than actuaries had projected.
Residents “are taking their medications; they are not falling,” says Mr. Bodnar, now a senior executive at Genworth.A possibly even more fundamental modeling issue is that insurers arguably have and continue to be using the wrong type of model.
Fewer than 100,000 long-term-care insurance policies were sold in the U.S. in 2016, and sales fell to about 34,000 in the first half of 2017, the industry-funded research firm Limra says. Both those totals are the lowest in more than 25 years. The business peaked in 2002 with about 750,000 sales.
The latest policies typically cover less and cost more. According to the insurance agents’ trade group, a 60-year-old couple can expect to spend about $3,490 in combined annual premium for a typical policy that starts out with a maximum payout of $164,050 per person and then grows 3% a year to $333,000 when the couple is 85.People approaching 60, which is usually the latest these insurers will write policies, don’t have good options unless they have a net worth of over $2 million, since then it makes more sense to roll the dice and self insure. By contrast, some financial advisers argue that if you have less than $300,000 in assets, you are better off spending them down and going into a Medicaid home if need be. But there are plenty of people with more than $300,000 in assets (say some accumulated home equity plus some savings) who would find it hard to pay the premiums, even if they kept working past normal retirement age.
At its most cursory level, the story is an account of predation and dubious consent, played out largely over text. As such, it was hailed as some kind of dispatch from the zeitgeist. The underlying notion, that literature is in service to the zeitgeist, or even that a story’s value resides in how loudly and righteously it speaks to the prevailing political wind, is a troubling fallacy. The power of that story, as with its forebears—by which I mean precise depictions of imprecise heterosexual relations—was in its fine-tuned ambivalence. This sort of ambivalence is the opposite of a cop-out: it’s generative, rather than reductive, and it comes from time, on the writer’s part, spent dwelling in uncertainty. Though many apparently received the story as an extended version of a #MeToo social media post, unable to grasp it as fiction, it did what the blunt tool of a hashtag cannot: specifically, provoke empathy for both parties.
The “miners” who verify and collect these transactions into a block—“miners” being a term for those who run the computers on the network—are also required by the bitcoin software to perform an additional validating function before the block can be added to the bitcoin ledger. Called “proof of work,” it is essentially a computational lottery in which all the mining computers vie to guess an algorithmically generated number between zero and 4,294,967,296 with the correct number of zeros preceding it. Finding the target number takes trillions of guesses and a tremendous amount of computing power.an awkward analogy because it conjures images of experts whose talent might confer some competitive advantage…. It doesn’t. Each miner is running the software like a utility function in the background, and the software is doing all the computations…. There’s no skill involved.When the bitcoin network began operating in 2009, people could run the validation program on their personal computers and earn bitcoins if their computer solved the puzzle first. As demand for bitcoin increased, and more people were vying to find the random, algorithmic proof of work validation number, speed became essential. Mining began to require sophisticated graphics cards and, when those proved too slow, special, superfast computers built specifically to validate transactions and mine bitcoins. Individual miners have dropped out for the most part, and industrial operators have moved in. These days, mining is so computer-intensive that it takes place in huge processing centers in countries with low energy costs, like China and Iceland. One of these, in the town of Ordos, in Inner Mongolia, has a staff of fifty who oversee 25,000 computers in eight buildings that run day and night. A company called BitFury, which operates mining facilities in Iceland and the Republic of Georgia and also manufactures and sells specialized, industrial processing rigs, is estimated to have mined at least half a million bitcoins so far. At today’s price, that’s worth around $7.5 billion.
Ducks and other waterfowl found themselves in a particularly tight spot due to massive losses of suitable habitat. The wetlands they depend on were disappearing across the continent. And that wasn’t going to be an easy trend to reverse. Cities had sprung up in marshes that were once home to millions of birds. The wheat we now grew filled in wetlands throughout the Mississippi River basin. The grasslands had become other crops, and those were filled with chemical fertilizers and pesticides. If their homes weren’t destroyed outright, ducks found their food supply diminished and their habitat poisoned.
[Update: Now you can, because this piece went a little viral. But you sure couldn’t earlier in the day.]