Paul Kedrosky's Infectious Greed

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North Shore Riding

A whole series of super mountain biking videos from Vancouver's North Shore here. One follows -- flip it to HD and go full screen. Instant motion sickness.

Pipeline on Fromme, North Vancouver BC from Barry Duncan on Vimeo.

 

I'm Number 86! I'm Number 86!

Not entirely sure how this happened, but my admittedly eclectic and often meta Twitter feed is number 86 on TIME magazine's list of the best Twitter feeds. You can check the list here, and my entry here.

 

Field Notes: Sex, Saudis, Shiller, Solo, etc.

 

No Jets For You: Agency Problems in Public & Private Firms

From a new paper:

Agency Problems in Public Firms: Evidence from Corporate Jets in Leveraged Buyouts

Abstract: This paper uses rich, new data to examine the fleets of corporate jets operated by both publicly traded and privately held firms. In the cross-section, firms owned by private equity funds average jet fleets at least 40 percent smaller than observably similar publicly-traded firms. Similar fleet reductions are observed within firms that go private in leveraged buyouts. I discuss assumptions under which comparisons across and within firms provide estimates of lower and upper bounds on the average treatment effect of taking a firm from public to private in a leveraged buyout. Both censored and standard quantile regressions suggest that results at the mean are driven by firms in the upper 30 percent of the conditional jet distribution. Results thus suggest that executives in a substantial minority of public firms enjoy more generous perquisites than they would if subject to the pressures of private equity ownership.

 

 

San Francisco Jobs Approach Dot Com Peak -- in Less Space

Lots of stories this weekend about the improvement in the California jobs picture, especially in the technology community. The number of tech jobs in San Francisco is finally regaining the dot-com peak, albeit in less office space, which is an interesting augury for the future of commercial real estate.

Jobs

Related news:

 

 

Time to Swap Out My Nail Polish Car For A Gas Model

Fluids by the gallon

[via Autoblog]

 

Today in Body Fat

Riveting reading on macable differences in body composition among fighters in Afghanistan, by an ER doctor working there:

RECENTLY I WORKED as an internist-intensivist at the Canadian Combat Surgical Hospital in Kandahar. Most of our casualties were Afghans: National Army soldiers, National Police and civilians caught in crossfire. They were diminutive men, almost always less than a hundred and forty pounds. I cannot comment on the body masses of the Taliban—they were never brought to us. But they are not likely larger than those of the soldiers and the police. And because, in war, soldiers are fed first—prospering right up to the moment they are pierced—the civilians were even thinner.

For someone used to the life and the pathologies of the rich and settled, much about practicing medicine in Afghanistan felt unfamiliar. One of the striking differences was the way gunshot victims’ abdomens looked in CT scans. Back home, I was used to seeing organs stand out with some prominence from the abdominal fat. In fact, in Canadians, the state of the kidneys can be partly assessed by the degree of inflammation in the perinephric fat that envelops them. It’s the same with the pancreas, and the liver often looks like it belonged to a French goose fattened for foie gras. Indeed, the idea of “normal” in a Canadian body proceeds from the assumption that it might be normal to spend one’s days tied to a grain spout, beak pried open, being filled with cracked corn.

Not the Afghans. The surgeons, in fact, often commented on how the abdominal contents spilled out once the abdominal wall was opened; every loop of bowel immediately visible, unobscured by mesenteric fat, which, in Canadians, would cling to every organ like yellow oily cake. Excessive fattiness is precisely why, when caring for the critically ill in North America, glucose levels are tightly controlled with insulin—a procedure necessary even for those not thought to be diabetic. Stressed by the infection, or the operation that has brought us to the intensive care unit, our sugar levels rise, paralyzing our white blood cells and nourishing the bacteria chewing upon them. But it was never necessary to give the Afghans insulin, no matter how shattered they were.

More here.

 

 

Three Disaster Videos of the Day

Japanese ship rides over tsunami:

Man films tsunami approach from harbor

Dust storm approaches Kuwait today

 

Field Notes: Marrakech, Ice, News, GE, Y Combinator, etc.

 

Powder Stoke

Recent video from Jackson Hole on powder day:

 

Field Notes: Electricity, Ozone, Spreadsheets, Walks, Crops, etc.

 

Lessons from Metafilter

Great re-mixed talk by one of Metafilter's creators about the lessons of his wildly-popular service.

Lessons from 11 years of community (my SXSW 2011 talk) from Matt Haughey on Vimeo.

 

Field Notes: Big Ideas, Obesity, Metafilter, Wind, P2P, Startups, Nukes, etc.

 

Google Chrome Index Fund

Graphic of Google Chrome browser download size in MB over the last two years and ten major releases. Too bad it's not an index fund, because it's sharply up and to the right.

Chrome bloat graphic

[via CNET]

 

On the Macabre Merits of Swiss vs Canadian Avalanches

A macabre but interesting new paper in the Canadian Medical Association Journal showing that Swiss avalanches are less deadly than Canadian ones, all else being equal.

Comparison of avalanche survival patterns in Canada and Switzerland

Pascal Haegeli, Markus Falk, Hermann Brugger, Hans-Jürg Etter and Jeff Boyd

Background: Current recommendations for rescue and resuscitation of people buried in avalanches are based on Swiss avalanche survival data. We analyzed Canadian survival patterns and compared them with those from Switzerland.

Methods: We extracted relevant data for survivors and nonsurvivors of complete avalanche burials from Oct. 1, 1980, to Sept. 30, 2005, from Canadian and Swiss databases. We calculated survival curves for Canada with and without trauma-related deaths as well as for different outdoor activities and snow climates. We compared these curves with the Swiss survival curve.

Results: A total of 301 people in the Canadian database and 946 in the Swiss database met the inclusion criteria. The overall proportion of people who survived did not differ significantly between the two countries (46.2% [139/301] v. 46.9% [444/946]; p = 0.87). Significant differences were observed between the overall survival curves for the two countries (p = 0.001): compared with the Swiss curve, the Canadian curve showed a quicker drop at the early stages of burial and poorer survival associated with prolonged burial. The probability of survival fell quicker with trauma-related deaths and in denser snow climates. Poorer survival probabilities in the Canadian sample were offset by significantly quicker extrication (median duration of burial 18 minutes v. 35 minutes in the Swiss sample; p < 0.001).

 

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