Good afternoon.
November was a blockbuster month for US employment. The economy added a higher-than-expected 266,000 jobs (subject to revision) last month, dropping the unemployment rate to a 50-year low of 3.5%. Some of the gains come from the return of thousands of striking General Motors workers.
Canopy branches out
The future of finance
Is there a fintech bubble? There’s certainly FOMO but it’s not quite at the level of the bitcoin or dot-com busts. Ahead of next week’s field guide, which looks beyond the fintech hype, Future of Finance reporter John Detrixhe has the lowdown on finance re-invented.
For SoftBank’s Vision Fund, size doesn’t seem to matter. With nearly $100 billion in capital, it's the largest tech investing fund in the world. But it's not clear that SoftBank’s massive investments are paying off as its highly-valued unicorns transition to the public market. Learn more in this Quartz presentation for members. ✦
Solving the climate crisis
TED wants to become the global hub for the climate change crisis. Working with a coalition of business organizations that emerged after the 2015 Paris Agreement, the conference series hopes to crowdsource ideas from experts and concerned citizens to be presented at a summit next year.
The way we colonize Mars says a lot about how we address climate change. Is repeating our mistakes on another planet the answer to our existential crises?
The most important sentence in this article for me is: “Imagine all the things we could do on Earth if we allocated an extra $22.6 billion to addressing climate change on our own planet?”.
Space exploration has undoubtedly kickstarted a raft of technological innovations we’ve all benefited from (insulin
The most important sentence in this article for me is: “Imagine all the things we could do on Earth if we allocated an extra $22.6 billion to addressing climate change on our own planet?”.
Space exploration has undoubtedly kickstarted a raft of technological innovations we’ve all benefited from (insulin pumps, solar cells, artificial limbs to name a few). So in my mind, it’s only worth spending all this money on getting to and living on Mars, if in doing so, we develop technology that also helps us solve all our very real problems here on Earth.
Get smart about parenting
Finland’s communal grandparents, known as "kylämummi," forge relationships across the generational divide. For more than a decade, Finland’s largest organization dedicated to child and family welfare has run a program that encourages older people to volunteer to give time and attention to toddlers. But are these programs successful?
Raising a child is hard. But the “parenting is hard” trope, which feeds memes and dinner conversations, can be dangerous. It frames the problem as the individual failure of a single parent rather than as a social issue.
I always say we have to raise our girls to be brave, not perfect. But it's not enough for parents to try to do this work alone, we have to change as a society because our kids are getting messages from everywhere - media, school, classmates - so it's on all of us together.
A world in the streets
How Gen Z is changing Tinder
Wheels up
The flawed logic that makes flying a nightmare for wheelchair users. Disability advocates are working to make traveling by airplane less stressful and painful for wheelchair users.
Disrupting dementia
What are the chances of getting dementia? The Quartz calculator can indicate your risk of developing dementia, based on your age, gender, and country of residence. ✦
Next-generation dementia care could learn from cancer care. Palliative care helps patients in their final months, and is often used for people suffering from end-stage cancer. But it can actually help anyone who has a long-term, chronic illness, and it could be especially effective for people living with dementia. ✦
In the 1950s, a single British physician named Cicely Saunders championed a new kind of care for terminally-ill cancer patients. She found that relieving pain and suffering made them happier—and ironically, live longer, even if drugs couldn't actually treat their condition.
That was the birth of hospice
In the 1950s, a single British physician named Cicely Saunders championed a new kind of care for terminally-ill cancer patients. She found that relieving pain and suffering made them happier—and ironically, live longer, even if drugs couldn't actually treat their condition.
That was the birth of hospice, which is a form of palliative care for the last six months of a person's life. Hospice, however, is a form of palliative care, which in general just means person-centered care. Sometimes, this means using life-saving interventions, like antibiotics for an infection. Other times, it means just making sue the person is comfortable. It depends on what the person and their caregivers want.
Palliative care could save dementia care, which is the more expensive in the last five years of life than cancer and heart disease. It could also save health care in general; it's cheaper than the current care systems in place. The trouble is, because it was historically used for cancer treatment, that's how most doctors think of it. Luckily, a few hospitals are testing out palliative care. If their results are good, it could expand nation-wide.
The rising price of immigration
US immigration suffers from death by a thousand fees. The Trump administration is trying to make it too expensive for poor immigrants to stay in the US with the application fee for naturalization set to increase from $640 to $1170.
The sole airline willing to deport high-risk immigrants is price-gouging ICE. There is only one carrier willing to take on US deportation flights and they're charging the US government nearly double the normal price, making flights as expensive as $33,500 per hour in November.
A basic lesson in supply and demand, as seen through the lens of ICE Air ops in an unredacted ICE document we obtained. ICE can only obtain the Boeing 767s required for its so-called SHRC (special high-risk charter) flights from one company in the entire country, because it's the only firm willing to
A basic lesson in supply and demand, as seen through the lens of ICE Air ops in an unredacted ICE document we obtained. ICE can only obtain the Boeing 767s required for its so-called SHRC (special high-risk charter) flights from one company in the entire country, because it's the only firm willing to take the contract for fear of negative press. But last month, those 767s were tied up with other, richer customers (i.e. the Dept. of Defense). So ICE was forced to take whatever the carrier offered—a 777 that was a couple of hundred seats bigger than what ICE needed, and double the price: $33,000/flight hr vs $17,000/flight hr. The company knows it's the only game in town and has no incentive to meet ICE halfway, according to ICE's primary charter broker, explaining why it can't put any pressure on the subcontractor to come down on its rate.
Every now and then, my faith is restored that the markets really know how to do their job. I'll use this as a lesson tonight to teach my kid the basics about supply and demand, and about how actions have consequences.
This is a super illuminating piece that shows the complexity of immigration control, public protest, and the business of deportation. Because ICE has garnered so much criticism few companies want to risk a public backlash and run the agency's charters. In fact, only one does it, which means it can charge
This is a super illuminating piece that shows the complexity of immigration control, public protest, and the business of deportation. Because ICE has garnered so much criticism few companies want to risk a public backlash and run the agency's charters. In fact, only one does it, which means it can charge whatever it wants.
Justin shows here how much this lack of competition is costing US taxpayers. It doesn't mean we should support all of ICE's activities but it does expose a dark side to an already dark law enforcement project.
The most wonderful time of the year?
The real life Irishman
Decades after his disappearance, unions still suffer from Jimmy Hoffa’s legacy. A union widely perceived as mobbed up—with a labor leader notorious for his mafia ties—has come, in the minds of some Americans, to represent the entire labor movement.
I'm fascinated by this history/Hoffa as a figure. I'm not one for conspiracy theories, but given all of the recent revelations of the whole Epstein case, it's tempting to wonder!
Roll credits 🎬
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