The $100M Giveaway

Ed Wallace:

Put down your highlighter and don’t bother checking your lottery tickets, because the State of Texas has announced a $100 million winner. Only it’s actually 30,000 drivers living in ozone goal non-attainment areas, and it will be doled out $3,000 at a time. And if you or your family are constrained by a certain income level, if you drive a vehicle 10 years old or older that’s been registered in the county for over a year and passed an emissions test up to 15 months ago, yet failed one recently, then the state is willing to pay you $3,000 to scrap your vehicle and get something newer. All in the name of clean air.
Considering that Texas is notoriously clutch-fisted with money for public projects, particularly when the bank account starts with $100 million, this is big news. Especially if your vehicle’s more than 10 years old and has extremely high mileage – or the kind that brings virtually nothing when you go to trade it in – this is a money-for-nothing proposition that can benefit you tremendously. So, before we go on with today’s column, check out the rules for this program at www.driveacleanmachine.com, and then call 1-800-898-9103 to apply for your voucher.

What I learned about network television at Dateline NBC.

John Hockenberry:

The most memorable reporting I’ve encountered on the conflict in Iraq was delivered in the form of confetti exploding out of a cardboard tube. I had just begun working at the MIT Media Lab in March 2006 when Alyssa Wright, a lab student, got me to participate in a project called “Cherry Blossoms.” I strapped on a backpack with a pair of vertical tubes sticking out of the top; they were connected to a detonation device linked to a Global Positioning System receiver. A microprocessor in the backpack contained a program that mapped the coördinates of the city of Baghdad onto those for the city of Cambridge; it also held a database of the locations of all the civilian deaths of 2005. If I went into a part of Cambridge that corresponded to a place in Iraq where civilians had died in a bombing, the detonator was triggered.
When the backpack exploded on a clear, crisp afternoon at the Media Lab, handfuls of confetti shot out of the cardboard tubes into the air, then fell slowly to earth. On each streamer of paper was written the name of an Iraqi civilian casualty. I had reported on the war (although not from Baghdad) since 2003 and was aware of persistent controversy over the numbers of Iraqi civilian dead as reported by the U.S. government and by other sources. But it wasn’t until the moment of this fake explosion that the scale and horrible suddenness of the slaughter in Baghdad became vivid and tangible to me. Alyssa described her project as an upgrade to traditional journalism. “The upgrade is empathy,” she said, with the severe humility that comes when you suspect you are on to something but are still uncertain you aren’t being ridiculous in some way.

FBI Revives Search for “DB Cooper”

David Kaminski-Morrow:

Federal Bureau of Investigation agents are attempting again to solve the 36-year-old mystery of a Northwest Orient Boeing 727 hijacking during which the perpetrator parachuted from the aircraft and vanished with $200,000 in stolen cash.
The FBI is renewing efforts to close the case, centred on Northwest flight 305 from Portland to Seattle on 24 November 1971, which erroneously immortalised the name ‘DB Cooper’ in the files of air piracy.
“We’ve run down thousands of leads and considered all sorts of scenarios,” says the FBI. “And amateur sleuths have put forward plenty of their own theories. Yet the case remains unsolved. Would we still like to get our man? Absolutely.”

Clusty Search: DB Cooper.

Innovative Minds Don’t Think Alike

Janet Rae-Dupree:

IT’S a pickle of a paradox: As our knowledge and expertise increase, our creativity and ability to innovate tend to taper off. Why? Because the walls of the proverbial box in which we think are thickening along with our experience.
Andrew S. Grove, the co-founder of Intel, put it well in 2005 when he told an interviewer from Fortune, “When everybody knows that something is so, it means that nobody knows nothin’.” In other words, it becomes nearly impossible to look beyond what you know and think outside the box you’ve built around yourself.
This so-called curse of knowledge, a phrase used in a 1989 paper in The Journal of Political Economy, means that once you’ve become an expert in a particular subject, it’s hard to imagine not knowing what you do. Your conversations with others in the field are peppered with catch phrases and jargon that are foreign to the uninitiated. When it’s time to accomplish a task — open a store, build a house, buy new cash registers, sell insurance — those in the know get it done the way it has always been done, stifling innovation as they barrel along the well-worn path.
Elizabeth Newton, a psychologist, conducted an experiment on the curse of knowledge while working on her doctorate at Stanford in 1990. She gave one set of people, called “tappers,” a list of commonly known songs from which to choose. Their task was to rap their knuckles on a tabletop to the rhythm of the chosen tune as they thought about it in their heads. A second set of people, called “listeners,” were asked to name the songs.
Before the experiment began, the tappers were asked how often they believed that the listeners would name the songs correctly. On average, tappers expected listeners to get it right about half the time. In the end, however, listeners guessed only 3 of 120 songs tapped out, or 2.5 percent.

Paris, je t’aime

From the trailer:

Celebrated directors from around the world, including the Coen Brothers, Gus Van Sant, Gurinder Chadha, Wes Craven, Walter Salles, Alexander Payne and Olivier Assayas, have come together to portray Paris in a way never before imagined. Made by a team of contributors as cosmopolitan as the city itself, this portrait of the city is as diverse as its creators’ backgrounds and nationalities. With each director telling the story of an unusual encounter in one of the city’s neighborhoods, the vignettes go beyond the ‘postcard’ view of Paris to portray aspects of the city rarely seen on the big screen.

Wikipedia.
A wonderful film, well worth seeing.

The Rise of Medical Tourism

Martha Lagace:

What used to be rare is now commonplace: traveling abroad to receive medical treatment, and to a developing country at that.
So-called medical tourism is on the rise for everything from cardiac care to plastic surgery to hip and knee replacements. As a recent Harvard Business School case study describes, the globalization of health care also provides a fascinating angle on globalization generally and is of great interest to corporate strategists.
“Apollo Hospitals—First-World Health Care at Emerging-Market Prices” explores how Dr. Prathap C. Reddy, a cardiologist, opened India’s first for-profit hospital in the southern city of Chennai in 1983. Today the Apollo Hospitals Group manages more than 30 hospitals and treats patients from many different countries, according to the case. Tarun Khanna, a Harvard Business School professor specializing in global strategy, coauthored the case with professor Felix Oberholzer-Gee and Carin-Isabel Knoop, executive director of the HBS Global Research Group.
The medical services industry hasn’t been global historically but is becoming so now, says Khanna. There are several reasons that globalization can manifest itself in this industry:

The US sub-prime crisis in graphics



BBC:

The US sub-prime mortgage crisis has lead to plunging property prices, a slowdown in the US economy, and billions in losses by banks. It stems from a fundamental change in the way mortgages are funded.
Traditionally, banks have financed their mortgage lending through the deposits they receive from their customers. This has limited the amount of mortgage lending they could do.
In recent years, banks have moved to a new model where they sell on the mortgages to the bond markets. This has made it much easier to fund additional borrowing,
But it has also led to abuses as banks no longer have the incentive to check carefully the mortgages they issue.