Podcasts to Ponder Plus

1. NPR’s Hotel Corona.

“When the Dan Hotel in Jerusalem was leased by the government to house recovering COVID-19 patients, the new guests gave it the nickname, “Hotel Corona.” The nearly 200 patients inside already had the coronavirus; and so, unlike the outside world on strict lockdown, they could give each other high fives and hugs and hang out together.

What was even more surprising than what they could do was what they were doing. Patients from all walks of life – Israelis, Palestinians, religious, secular, groups that don’t normally mix – were getting along and having fun. They were eating together, sharing jokes, even doing Zumba. And because they were documenting themselves on social media, the whole country was tuning in to watch, like a real life reality TV show.”

34 minutes of joy and hope.

2. Malcolm Gladwell, Revisionist History, A Good Walk Spoiled.

“In the middle of Los Angeles — a city with some of the most expensive real estate in the world — there are a half a dozen exclusive golf courses, massive expanses dedicated to the pleasure of a privileged few. How do private country clubs afford the property tax on 300 acres of prime Beverly Hills real estate? Revisionist History brings in tax assessors, economists, and philosophers to probe the question of the weird obsession among the wealthy with the game of golf.”

In my junior and senior year of college I was a teacher’s assistant at the Brentwood Science Magnet School for the best third grade teacher ever, Marilyn Turner. I parked across from the school on the leafy border of the Brentwood Country Club next to the chain-linked fence Gladwell describes with great disgust. This excellent story hit home.

3. What Does Opportunity Look Like Where You Live? An interactive story, made even more interesting by putting in the name of the county you live in (if a U.S. citizen). The New York Times is unrivaled when it comes to interactive, data-rich, compelling story telling.

[Some readers have informed me they can’t access the New York Times articles I link to. You have to register at the New York Times to access them. Registration is free.]

 

Trump’s Second Term

Sunday night, after the rain clouds parted, Blanca and I headed due West like we were shot out of a cannon. Up and over the 4th St Bridge, she wanted to see Oyster Bay. We added on Ellison Loop NW for a little more climbing. That wall at the very end is a bitch, but I digress.

A beautiful night for a fling with your gfriend. Until we saw FOUR houses in a row with Trump/Pence signs. Trump’s gonna carry Oyster Bay?

No big deal you say, Washington is dark blue, no reason to let a few right wing nutters ruin a glorious ride.

But then, after we ducked into the driveway right before sunset, I finished reading Evan Osnos’s smartly written, “How Greenwich Republicans Learned to Love Trump.”

Which is filled with insights into things I don’t understand. Like this:

“The (college) admissions case reminded me of the rationale I kept hearing for looking past Trump’s behavior toward women, minorities, immigrants, war heroes, the F.B.I., democracy, and the truth, not to mention his request that Ukraine “do us a favor” by investigating his political opponents: a conviction that, ultimately, nothing matters more than cutting taxes and regulations and slowing immigration.”

Osnos disabuses people like me that Trump’s base is just gun-toting, stay-at-home protesting, working class, modestly educated, rural people. Trump has massive support among the ultra wealthy, like Michael Mason, a mover and shaker in Greenwich, Connecticut, probably the wealthiest enclave in the (dis)United States:

“Mason knows that the President’s ‘culture’ still upsets many people in Greenwich. But, he said, ‘his policies over the last three years have gained more attention and probably more support.’ He predicts that the trauma of the pandemic will persuade some voters that Trump was right to want to cut immigration and lure back industries from abroad. ‘He had policies that he wanted to change on our borders, on immigration. I certainly think people in this country now are worried about that.'”

The Resistance is deluded to think this pandemic shitshow is going to ruin his chance at re-election.

Another depressing insight:

“If you are among the Greenwich élite, whether you love Trump or hate him, it is easy to count the ways that he has oriented his Administration to help people like you. When Trump introduced his tax bill, he called it a gift to ‘the folks who work in the mail rooms and the machine shops of America.’ That was absurd. The bill cut the corporate tax rate by fourteen per cent, and most of the windfall went to investors in the form of dividends and stock buybacks. . . . Though he limited the deductions for state and local taxes, wealthy citizens were compensated by new tax breaks, including some specifically for the commercial-real-estate industry and for wealthy heirs. On average, Trump gave households in the top one per cent a forty-eight-thousand-dollar tax cut, while those in the bottom twenty per cent received a hundred and twenty dollars, according to the Institute on Taxation and Economic Policy, a nonpartisan think tank. Jim Campbell, the Republican organizer who embraced Trump early in 2016, told me recently, ‘I don’t know anyone who voted for Donald Trump in 2016 and won’t vote for him again. In Greenwich, he’ll probably pick up some votes.'”

I never thought the country would elect Trump president. Since 2016, his supporters have become less afraid, less self conscious, and more outspoken. Now, for the first time, I’m bracing myself for the fact that my friend, who promises “100% that Trump is going to be reelected”, may very well be right.

Thanks for that Osnos.

 

 

 

Two Kinds of Bad Bosses

One-third of the country readily buys whatever President Trump is selling day-to-day. This is about the two-thirds of us who think Snake Oil salesman is far too kind a description.

We act like his Presidency is unprecedented because in many ways it is. We’ve never had a President pay so little regard to the truth. And it’s not even close. But anyone 30 years old or older has had at least one bad boss, and if you’re my advanced age, probably many bad bosses.

So it’s not completely unchartered territory.

There are two kinds of bad bosses. The kind that knows they’re in way over their head and bide their time by disappearing into the background. Hoping against hope that they can mask their incompetence indefinitely.

Trump is the exact other kind. The kind that has no idea they’re in way over their head and has to be front and center all of the time. The technical term is narcissism. Even when Trump’s aides tell him his daily press conferences are hurting him, he continues with them in slightly different form. A certifiable media whore. So we can’t sidestep his lying, incompetence, lack of empathy, and general destructiveness.

And yet, we’ve survived lots of bad bosses, both kinds, because our organizations have been filled with caring, competent people who collectively compensated for the poor leadership at the top.

And we always outlast them because we’re resilient. And we’ll outlast this one too if enough of us turn out to say “You’re fired!” on November 3, 2020.

Friday Assorted Links

1. At virtual Family Chapel, the ‘spiritual but not religious’ find community during pandemic. Eldest is featured, making me even more famous.

2. Why Trump Was Deaf To All The Warnings He Received. Incuriosity and paranoia.

3. Colleges could lose up to 20 percent of students.

“Ten percent of college-bound seniors who had planned to enroll at a four-year college before the COVID-19 outbreak have already made alternative plans. Fourteen percent of college students said they were unlikely to return to their current college or university in the fall, or it was “too soon to tell.” Exactly three weeks later, in mid-April, that figure had gone up to 26 percent. Gap years may be gaining in popularity. While hard to track, there are estimates that 3 percent of freshmen take a gap year. Since the pandemic, internet searches for gap years have skyrocketed. College students do not like the online education they have been receiving. To finish their degrees, 85 percent want to go back to campus, but 15 percent want to finish online.”

4. The Grumpy Economist on University finances, particularly endowments. Sign of the seriousness of things, belt tightening ahead even for the uber wealthy.

“University endowment practices are quite a puzzle. . . . Why are they invested in obscure, illiquid, hard to value, assets, with at least two layers of high fees (university management + asset managers) rather than, say, have one part-time employee and put the whole business into Vanguard total market for about 10 basis points? Why do they leverage with short-term municipal debt which must be rolled over at the most inconvenient times? Why do university presidents seem to glory in great endowment returns in good times, but these occasional liquidity crunches are seen simply as acts of nature, not preventable with a nice pile of liquid assets? Why do donors put up with this — why do donors give money that will be managed in obscure high fee investments, rather than demand low-fee transparent investment, or even set up separate trusts, transparently managed, to benefit their alma maters?”

A flurry of great questions. The short answer to the first question I suspect is because investment managers’ think they’re smart enough to pick stock winners when history suggests otherwise.

An addendum suggests I’ve nailed it:

“Where are the trustees? Well, I speculated to one correspondent, there is a natural selection bias. How do you get to be a university trustee? 1) Make a ton of money as a (lucky) active asset manager, especially on trades and investments that come from college contacts;  2) Collect a lot of fees;  3) Persuade yourself how smart you are and how easy the alpha game is 4) Desire to socialize with the people who run universities. This is hardly likely to produce contrarians, fans of scientifically validated, quantitative, low-fee investment strategies.”

5. The Real Story Behind That Viral Photo of President Johnson During the Vietnam War. In praise of thoroughness and media literacy.

“. . . President Johnson wasn’t crying over thousands of dead American soldiers in the photo. Johnson is actually listening to an audio tape that was created by Captain Charles “Chuck” Robb, his son-in-law. That detail would allow the casual viewer to assume that LBJ was distressed to hear the recording, but it seems that so many of the documentary filmmakers who use this image haven’t bothered to look at the other photos taken during that same time in the White House.”

 

260,000 Words Later

The New York Times has analyzed every word the President has uttered during his daily press conferences/campaign rallies. Equivalent to a 700-page book.

Some context from Charles Duhigg in The New Yorker:

“During the H1N1 outbreak of 2009—which caused some twelve thousand American deaths, infections in every state, and seven hundred school closings—Besser and his successor at the C.D.C., Dr. Tom Frieden, gave more than a hundred press briefings. President Barack Obama spoke publicly about the outbreak only a few times, and generally limited himself to telling people to heed scientific experts and promising not to let politics distort the government’s response. ‘The Bush Administration did a good job of creating the infrastructure so that we can respond,’ Obama said. . . . At no time did Obama recommend particular medical treatments, nor did he forecast specifics about when the pandemic would end.”

One of The Times conclusions:

“. . . the self-aggrandizement is singular for an American leader. But his approach is even more extraordinary because he is taking credit and demanding affirmation while he asks people to look beyond themselves and bear considerable hardship to help slow the spread of the virus.

“He doesn’t speak the language of transcendence, what we have in common,” said Jennifer Mercieca, a historian of American political rhetoric at Texas A&M University. Instead, Dr. Mercieca said, he falls back on a vocabulary he developed over decades promoting himself and his business.

“Trump’s primary goal is to spread good news and information and market the Trump brand: ‘Trump is great. The Trump brand is great. The Trump presidency is great,’ she said. “It’s not the right time or place to do that.”

“Transcendence”, shit, the nation would settle for silence.

Another:

“The coronavirus briefings have often contained the same phrases and themes that he used in his 2016 race.

“It’s consistent with the way he campaigned when he said, ‘I alone can fix it,’” said John Murphy, a professor at the University of Illinois at Urbana-Champaign who studies the rhetoric of American presidents and politicians.

Dr. Murphy said that most presidents avoid taking personal credit because they appreciate the fact that Americans can draw the connection themselves between presidential leadership and the country’s successes.

With Mr. Trump, there is no such subtlety. “The level of self-congratulations that occurs every day at these press conferences is unprecedented,” Dr. Murphy added.”

I’ve been wondering, what would my dad think about the President? He was a free-market capitalist, a successful businessperson, lived in Florida, and leaned right. Despite all of that, I’m convinced he’d be damn near as critical of him as me because he couldn’t stand self-promoters.

He grew up poor, during the Depression, in Eastern Montana. Sometimes in the West self-promoters are said to be,”All hat, no cattle.” Dad was “All cattle, no hat.”

When I was a young professor, the President at my college resigned. He wrote a letter for the campus community that detailed his accomplishments. I was impressed, dad was anything but. Why? Because of John Murphy’s insight—he trusted that people could draw the connections themselves between leadership and a business’s or university’s success.

 

 

 

 

Outstanding Leaders Who Happen To Be Women

Demick providing global context on North Korea:

“. . . consider that, as many commentators have noted, the coronavirus crisis is accelerating the pace of change in technology and culture throughout the world. A widely noted aspect of the pandemic is that many of the countries winning high marks for containing the contagion and protecting their economies are headed by women—among the most notable, Germany’s Angela Merkel, New Zealand’s Jacinda Ardern, and Taiwan’s Tsai Ing-wen. Could North Korea fare better under a woman, too”

Could the United States?

In North Korea, The Fourth Man Could Be A Woman

Barbara Demrick in The New Yorker:

“The conventional wisdom is that a woman could never ascend to the leadership of North Korea, a country stuck in a time warp of passé fashions, hairdos, music, and social mores. A toxic mix of Confucianism and totalitarianism indentures women to their husbands, to their in-laws, and, ultimately, to a male-dominated regime. With a few exceptions (the best known being the vice foreign minister, Choe Son Hui), North Korea’s senior cadres are almost entirely male. The Supreme People’s Assembly—which currently has six hundred and eighty-seven members—is supposed to set aside twenty per cent of its seats for women, but the percentage has frequently dipped lower. And the primary function of these token deputies seems to be to brighten the optics, by wearing the jewel-toned, floor-length Korean gowns best known by the South Korean term hanbok. Since 1948, North Korea has been ruled by three men—the founder, his son, and his grandson—but, nevertheless, it is now conceivable that the fourth man will be a woman. That is because, with reports that Kim Jong Un is in failing health, the most obvious successor is his thirtysomething sister, Kim Yo Jong.”

And dig this:

“She was reportedly a favorite of her father, Kim Jong Il, who ruled from 1994 until his death, in 2011, and who, according to a former Russian official, Konstantin Pulikovsky, may have had a more enlightened attitude toward women than some of the North Korean élite. Pulikovsky, who travelled with Kim Jong Il by train and later wrote a memoir about the experience, told interviewers that the leader praised the intelligence of his daughter, while deriding his sons as ‘idle blockheads.'”

Despite being 36 years young, obscenely rich, and with access to world class medical care, Kim Jong Un is allegedly at risk of dying due to obesity, chain smoking and who knows what other vices. Dad’s assessment seems spot on, which begs the question, why didn’t he go with Kim Jo Young in the first place.

Most likely for two reasons. Too young and . . .

“‘North Korea is so outlandishly sexist, despite the fact that they are supposed to be a revolutionary society. When it comes to gender relations, it is like South Korea decades ago,’’ Katharine H. S. Moon, a political-science professor at Wellesley College who has written about gender issues in Korean politics, said. In fact, as Moon notes, women have not fared well in politics in South Korea, either, a nation that is routinely toward the bottom of the Organisation for Economic Co-operation and Development’s list of developed countries’ rankings on gender equality. South Korea’s only female President, Park Geun-hye, was impeached in 2017, and is now in prison, serving twenty-five years for bribery, extortion, and abuse of power, which some maintain is harsher treatment than accorded men who committed comparable offenses.”

 

Taking A Pass On Human Empathy

Susan Glasser in The New Yorker, “Fifty Thousand Americans Dead from the Coronavirus, and a President Who Refuses to Mourn Them”.

Impossible to argue with this description:

“To the extent that he discusses those who have died, he tends to do so largely in self-justifying, explicitly political terms, framing the pandemic as an externally imposed catastrophe that would have been much, much worse without him.”

Or this opinion:

“The numbers of dead citizens he throws about, meanwhile, seem to be abstractions to a President who believes that even the subject of mass death is all about him.”

Glasser with much needed historical context:

“Honoring the dead has long been one of the tests of American Presidential leadership. Abraham Lincoln’s Gettysburg Address was, after all, not just another political speech but a remembrance of those who were killed in the bloodiest single battle of the Civil War, in which some fifty thousand Americans became casualties and about eight thousand died. Twenty-five years ago this week, Bill Clinton’s lip-bitingly empathetic response to the Oklahoma City bombing, in which a white supremacist blew up a federal building and killed a hundred and sixty-eight people, was seen as a key moment of his tenure. He was dubbed the ‘mourner-in-chief,’ at a time when he was languishing politically. That speech is often said to have saved his Presidency. More recently, Barack Obama wept from the White House lectern in speaking about the deaths of schoolchildren in Newtown, Connecticut, and gave arguably the speech of his lifetime in Charleston, South Carolina, in 2015, singing ‘Amazing Grace as he mourned at a funeral service for nine African-Americans killed by a white supremacist at a church massacre. Even those Presidents who aren’t particularly good at speechifying—think of the two George Bushes—have considered public commiseration amid national tragedy part of the job description. Have we ever had a President just take a pass on human empathy, even of the manufactured, politically clichéd kind?”

Showing empathy is not something he could be coached to do, even if he was coachable. I wonder, do his supporters, some which are empathetic people, look for it in him or not?

Leaders Manage the Unknown

The New York Times is hopelessly old fashioned, still practicing fact-based investigative reporting and all.

Today’s lead article, He Could Have Seen What Was Coming: Behind Trump’s Failure on the Virus, was the work of six people.

Unfortunately, we live in an age when only the liberal “choir” will read it, which is too bad, because it’s incredibly restrained.

For example, this is not politicizing the pandemic.

“There were key turning points along the way, opportunities for Mr. Trump to get ahead of the virus rather than just chase it. There were internal debates that presented him with stark choices, and moments when he could have chosen to ask deeper questions and learn more. How he handled them may shape his re-election campaign. They will certainly shape his legacy.”

“Ask deeper questions,” when has Trump done that?

I listened to Scott Galloway interview Tim Armstrong on his podcast this week. Galloway asked him about leadership during crises. Armstrong talked about interviewing many top executives during the 2008-2009 global financial crisis. He summarized their insights this way, “Managers manage the known and leaders manage the unknown.”

The President has not managed the known well and has shown no aptitude for the unknown. Governors, mayors, business leaders, epidemiologists, selfless healthcare workers, and other “essential” people have filled the void brilliantly, managing the known extremely well against all odds.

Armstrong was talking about commercial enterprises, but what about noncommercial ones? What about the common good? Who will manage 21st century unknowns related to public health, environmental degradation, and global poverty?