A Doctor-Professor answers the old question “What is the single best thing we can do for our health” in a completely new way.
Dr. Mike Evans is founder of the Health Design Lab at the Li Ka Shing Knowledge Institute, an Associate Professor of Family Medicine and Public Health at the University of Toronto, and a staff physician at St. Michael’s Hospital.
[Brilliantly executed. “Can you limit your sitting & sleeping to just 23 and ½ hours a day?”]
Morin has been receiving backslaps on Twitter today from other industry insiders. Never mind that he only really apologized “if you were uncomfortable” and said Path would “continue to be transparent,” when Path’s prior lack of transparency is precisely the issue here.
No, what seems to count in Silicon Valley is that Morin has mastered the one-two step of breaking the rules to get ahead, claiming to be sorry when caught, and then charging ahead, often right back into another ethically shady area of behavior. It’s a move right out of Mark Zuckerberg’s playbook, or Airbnb’s, or Zynga’s.
Two-faced behavior like this is turning the tech business into an ethical cesspool. Or as Winer put it more than a year ago, “the tech industry is a virus.” If you’re comfortable in your affliction, by all means believe Morin and leave Path installed on your phone. If you’ve finally had enough, trash the thing. If protecting your privacy isn’t worth deleting the latest mobile check-in whatever, then it’s not worth much.
[And a big yuck in the general direction of unethical people, especially those who mask their unethical behavior with a veneer of apologia.]
In the 1970s a new building material gained traction in the marketplace. This material had all of the advantages of a skylight while being superior to skylights in energy efficiency and structure. It’s no wonder that many architects started specifying Kalwall where the only option had been a glass or plastic product.
Kalwall, which was actually developed in the ’50s, is a fiberglass-reinforced translucent sandwich panel. Though initially used for commercial and institutional buildings, Kalwall has become increasing popular for homes. This is especially true for an entire, luminous ceiling or where light is desired but privacy must be maintained.
Since 2008, the rest of America has suffered a severe economic correction. Ordinary people everywhere long ago had to learn to cope with the equivalent of a lower bonus season. When the crash hit, regular people could not make up the difference through bailouts or zero-interest loans from the Fed or leveraged-up synthetic derivative schemes. They just had to deal with the fact that the economy sucked – and they adjusted.
This ought to have been true also on Wall Street, but in a curious development that is somehow not addressed in Sherman’s piece, the financial services industry somehow managed to maintain its extravagant lifestyle standards in the middle of a historic global economic crash that, incidentally, they themselves caused.
After suffering one truly bad year – 2008, in which the securities industry collectively lost over $42 billion – Wall Street immediately rebounded to post record revenues in 2009, despite the fact that the economy at large did nothing of the sort. The numbers were so huge on Wall Street compared to the rest of the world that Goldman slashed its 4th-quarter bonuses, just so that the final bonus/comp number ($16.2 billion, down from what would have been $21 billion) didn’t look so garish to the rest of broke America.
What Sherman now argues is that Dodd-Frank has so completely hindered Wall Street’s ability to magically invent profits through borrowing and gambling that, unlike those wonderful days in 2009, its fortunes are now reduced to rising and falling – heaven forbid – along with the rest of the economy. Things are so bad, his interview subjects argue, that one is now more likely to make big money going into an actual business that makes an actual product:
“If you’re a smart Ph.D. from MIT, you’d never go to Wall Street now,” says a hedge-fund executive. “You’d go to Silicon Valley. There’s at least a prospect for a huge gain. You’d have the potential to be the next Mark Zuckerberg.”