Art Diamond – Page 46 – artdiamondblog.com

New 98% Reflective White Paint Can End Global Warming

(p. A1) In 2020, Dr. Ruan and his team unveiled their creation: a type of white paint that can act as a reflector, bouncing 95 percent of the sun’s rays away from the Earth’s surface, up through the atmosphere and into deep space. A few months later, they announced an even more potent formulation that increased sunlight reflection to 98 percent.

The paint’s properties are almost superheroic. It can make surfaces as much as eight degrees Fahrenheit cooler than ambient air temperatures at midday, and up to 19 degrees cooler at night, reducing temperatures inside build-(p. A12)ings and decreasing air-conditioning needs by as much as 40 percent. It is cool to the touch, even under a blazing sun, Dr. Ruan said. Unlike air-conditioners, the paint doesn’t need any energy to work, and it doesn’t warm the outside air.

. . .

. . ., scientists have been urgently working to develop reflective materials, including different types of coatings and films, that could passively cool the Earth. The materials rely on principles of physics that allow thermal energy to travel from Earth along specific wavelengths through what’s known as the transparency or sky window in the atmosphere, and out into deep space.

Jeremy Munday, a professor of electrical and computer engineering at the University of California, Davis, who researches clean technology, said this redirection would barely affect space. The sun already emits more than a billion times more heat than the Earth, he said, and this method merely reflects heat already generated by the sun. “It’d be like pouring a cup of regular water into the ocean,” Dr. Munday said.

He calculated that if materials such as Purdue’s ultra-white paint were to coat between 1 percent and 2 percent of the Earth’s surface, slightly more than half the size of the Sahara, the planet would no longer absorb more heat than it was emitting, and global temperatures would stop rising.

. . .

While humans in such hot and picturesque places as Santorini and the aptly named Casablanca have long used white paint to cool dwellings, and municipalities are increasingly looking to paint rooftops white, Dr. Ruan said commercial white paints generally reflect 80 percent to 90 percent of sunlight. This means they still absorb 10 percent to 20 percent of the heat, which in turn warms surfaces and the ambient air. The Purdue paint, by comparison, absorbs so much less solar heat and radiates so much more heat into deep space that it cools surfaces to below-ambient temperatures.

For the full story, see:

Cara Buckley. “A Coat of Paint May Hold a Key To a Cool Planet.” The New York Times (Thursday, July 13, 2023): A1 & A12.

(Note: ellipses added.)

(Note: the online version of the story has the date July 12, 2023, and has the title “To Help Cool a Hot Planet, the Whitest of White Coats.”)

Langlois’s Entrepreneurs Allowed the Masses to Flourish in Spite of Chandler’s Corporatism

(p. D7)Students of business have long argued about why managerial capitalism arose and what led to its demise. At the heart of this debate is an age-old conundrum: What should the boundaries of a corporation be? What goods and services should it produce and which should it buy from others? Executives stake careers on such questions, but economists, historians and social critics have tried to answer them as well.

It is in such a context that Richard Langlois offers “The Corporation and the Twentieth Century,” a monumental history of American business during the eventful decades when managers ruled. Among much else, he makes the argument that firms embraced managerial capitalism in response to the century’s cataclysmic events and the heavy-handed government intercessions they prompted. When the crises and related policies finally fell away, we saw the resurgence of the focused, entrepreneurial enterprise that predominates today.

Mr. Langlois, an economics professor at the University of Connecticut, pushes back in particular against the explanation laid out by Alfred Chandler, the father of American business history, in his great work, “The Visible Hand” (1977).

. . .

Once established, managerial capitalism took on a life of its own. “The hierarchy itself,” Chandler wrote, “became a source of permanence, power, and continued growth.”

But Mr. Langlois tells a different story, contending that managerial capitalism didn’t truly flourish until later. He notes that, despite a wave of mergers, most large firms in the early 20th century were still controlled by their owners, thanks to the extensive shareholdings of financiers such as John D. Rockefeller or investment banks such as J.P. Morgan—owners not especially known as silent partners. The real heyday of the managers was yet to come.

Enter the reform-minded Progressive movement, which aimed to curtail the excesses of just such tycoons. Easily distinguished from today’s progressives by their capital letter and lack of stated pronouns, the Progressives held that scientific techniques had solved the problems of industrial management and would do likewise for those of government administration, which was to be entrusted to “experts.”

These Progressives brought with them a hubristic “managerial model of the world” that called forth a managerial form of capitalism, one designed to clasp the meddlesome hand of government. The ensuing era of federal regulation offered big business relief from haphazard and potentially more radical state regulation, but it also shifted power over firms toward Washington and the federal judiciary.

The ground was thus laid for managerial capitalism to be turbocharged by “the great catastrophes” of World War I, the Depression and World War II.

. . .

(p. D8) Mr. Langlois recognizes that the deregulating spirit of the 1970s was part of a change in the Zeitgeist. He describes, for example, how the Bay Area’s hippie ethos intersected with the rise of the personal computer. The resulting digital revolution upended corporate hierarchies and changed much of America’s output from the physical to the intangible. Ascendant tech firms ushered in a new entrepreneurial paradigm. The center of business gravity shifted from Manhattan boardrooms and Midwestern factories to the freewheeling West Coast.

Vietnam and inflation, meanwhile, sapped faith in government as well as in the dollar, and a series of countries (lately China) would soon replace the U.S. as the world’s factory. The unbundling of corporations was accelerated by low-cost overseas manufacturing and by the new “barbarians at the gate” from Wall Street.

. . .

The questions at the heart of “The Corporation and the Twentieth Century” . . . serve as the engine of a remarkable alternative history of what Henry Luce famously called the American Century. It’s a work propelled by vast learning, a focus on business and a consistent point of view in favor of free markets.

For the full review see:

Daniel Akst. “BOOKSHELF; The Rise and Fall of Managers.” The Wall Street Journal (Saturday, July 1, 2023): C7-C8.

(Note: ellipses added.)

(Note: the online version of the review has the date June 30, 2023, and has the title “BOOKSHELF; ‘The Corporation and the Twentieth Century’ Review: The Rise and Fall of Managers.”)

The book under review is:

Langlois, Richard N. The Corporation and the Twentieth Century: The History of American Business Enterprise. Princeton: Princeton University Press, 2023.

60-Year-Old Retired Musician Says She Will “Fetch a Gun” to Defend Taiwan’s Freedom

(p. A1) TAIPEI, Taiwan—People in Taiwan have been following every twist of the war in Ukraine. But, while their sympathy for the Ukrainian cause is near-universal, the conclusions for the island’s own future widely diverge.

To some, the takeaway is that even a seemingly invincible foe can be defeated if a society stands firm, an inspiration for Taiwan’s own effort to resist a feared invasion by China. Others draw the opposite lesson from the images of smoldering Ukrainian cities. Anything is better than war, they say, and Taiwan should do all it can to avoid provoking Beijing’s wrath, even if that means painful compromises.

. . .

(p. A8) “The young people are the ones who don’t want unification with China,” said ret. Lt. Gen. Chang Yan-ting, a former deputy commander of Taiwan’s air force. “But if you want independence, you need to fight, and they also don’t want to fight. Therein is the conflict.”

Yi-hao, a student in Taiwan’s National Defense University, was an exception. “Before the war in Ukraine, we were taught that Russia’s military power is stronger than China’s, and Taiwan’s military was stronger than Ukraine’s,” he said. “If they were able to resist this long, Taiwan will definitely be able to hold out.” He didn’t want his surname used because he wasn’t authorized by the military to speak.

Lai Yi-chi, who became a lieutenant after graduating from the Naval Academy in June [2023], said that she had been inspired by the bravery and resilience of Ukrainian soldiers, something often discussed in her classes. “We should also embody such spirit and determination,” she said.

Bypassing the official armed forces, some volunteer groups have decided to act on their own, preparing fellow citizens for a possible war. One such group is Kuma Academy, which received a $100 million donation from Robert Tsao, the founder of the United Microelectronics, one of the world’s biggest semiconductor companies.

“We don’t intend to build up a private army,” Tsao said. “But I think their effort will probably increase the resilience of Taiwan’s society. If we know how to hide, how to help each other, how to retain communication, we can pretty much reduce the damage in wartime.” Some of the students also like to learn more martial skills, such as shooting, Tsao said, but Taiwan’s strict gun laws make it difficult. Some 25,000 Taiwanese have been trained at Kuma.

Nico Li, a 60-year-old retired musician attending a Kuma class, said she was unnerved by growing risks coming from China, and wanted to arm herself to avoid being a burden to her children. “Taiwan is an island of treasure. I don’t want to hand it over to others without a fight,” Li said, referring to what she sees as the Taiwanese values of freedom and democracy. “If I have the ability, I would even go and fetch a gun if necessary.”

At another training session, run by the Forward Alliance, dozens of Taiwanese practiced how to stop arterial bleeding with tourniquets and stabilize major wounds. “There is a sense of impending doom, of feeling very hopeless,” said one of the students, Eric Lin. “So, instead of sitting at home and browsing the negative news, I wanted to come here—so that I would be able to do something.”

For the full story, see:

Yaroslav Trofimov and Joyu Wang. “Taiwan’s Impossible Choice: Be Ukraine or Hong Kong.” The Wall Street Journal (Thursday, July 6, 2023): A1 & A8.

(Note: ellipsis, and bracketed year, added.)

(Note: the online version of the story has the date July 5, 2023, and has the same title as the print version.)

Seaweed Blob Disappears as Unpredictably as It First Appeared

(p. 19) For months, Florida’s usually picturesque coast was plagued by a rotting tangle of seaweed, known as sargassum. Then, as quickly as the stinking mass arrived, it began to disappear.

. . .

Last month, the amount of sargassum in the Gulf of Mexico dropped by a staggering 75 percent, Dr. Hu and colleagues at the University of South Florida Optical Oceanography Lab noted in a bulletin published [June 30, 2023].

. . .

But scientists don’t know why the decline was so rapid. One theory is that strong winds caused by recent tropical storms could have dissipated the sargassum into smaller clumps, or sunk it to the ocean floor, Dr. Hu said, making it hard to see from a satellite. “There could be other reasons, we just don’t know,” he added.

For the full story, see:

Livia Albeck-Ripka. “The Blob That Threatened Florida . . . Is Disappearing.” The New York Times, First Section (Sunday, July 9, 2023): 19.

(note: ellipses in story added; ellipsis in title in original.)

(Note: the online version of the story has the date July 7, 2023, and has the title “Good News, Florida. The Giant Seaweed Blob Has Shrunk.” The bracketed date was in the print, but not the online, version.)

Elderly Benefit Most from Air-Conditioning

(p. A18) The aging process makes older bodies generally less capable of withstanding extreme heat, doctors say.

“They’re at extremely high risk of heat stroke and death,” James H. Diaz, a professor of environmental and occupational health sciences at Louisiana State University’s School of Public Health, said of older people. “When we look at what happens with these heat waves, most of the deaths occur in the homebound elderly.”

In many communities, including in New Orleans and Houston, officials have opened cooling centers and shelters in recent weeks, with air-conditioned shuttle buses meandering through neighborhoods, picking people up. Programs are also in place to provide or repair air-conditioners or help people struggling to afford their electricity bills.

. . .

In . . . Orlando, Veronica King, 67, said she keeps her air-conditioner running even if she can’t afford to. “I have to figure out how to cover that bill,” she said, adding that she relies on machines that help her breathe. “When it’s hot, I can’t breathe.”

In Houston, where the heat index could reach 107 degrees on Sunday, Ms. Lowry and her husband, Jasper, 72, have come up with a compromise. They have two cars, neither with working air-conditioning. But they figured they could at least spare the money to repair it in one of them.

For the full story, see:

Shannon Sims and Rick Rojas. “Rising Temperatures Could Bring More Than Misery for Seniors.” The New York Times, First Section (Sunday, July 9, 2023): 18.

(note: ellipses added.)

(Note: the online version of the story was updated July 12, 2023, and has the title “Rising Temperatures Threaten More Than Misery for Oldest Americans.”)

Dem Celebrities and Politicians Cultivated Crony Ties to FTX Fraudster Bankman-Fried

(p. B1) About 10 months before he was arrested on fraud charges, the cryptocurrency mogul Sam Bankman-Fried posed for a photograph at the 2022 Super Bowl in Inglewood, Calif.

On one side of him were Orlando Bloom and Katy Perry, the celebrity couple. On the other was the actress Kate Hudson. Standing in the center, with his arm slung over Mr. Bankman-Fried’s shoulder, was a lesser-known figure: Michael Kives.

Mr. Kives, a Hollywood agent turned investor, played an unusual role in Mr. Bankman-Fried’s business empire: super connector. He and his business partner, Bryan Baum, helped the young founder cultivate relationships with Mr. Bloom, Ms. Perry and former President Bill Clinton, and offered introductions to a who’s who of celebrities and business leaders, from Leonardo DiCaprio to the governor of Saudi Arabia’s Public Investment Fund.

The relationship was mutually beneficial. Mr. Bankman-Fried invested $700 million in Mr. Kives’s venture-capital firm, court records show, an extraordinary level of support for a fund with a short track record of start-up investments. Mr. Kives, the founder and face of the firm, and Mr. Baum each received $125 million as part of the deal.

For the full story, see:

David Yaffe-Bellany and Erin Griffith. “The Celebrity Super Connector Who Brought Big Names to FTX.” The New York Times (Saturday, June 24, 2023): B1 & B4.

(Note: the online version of the story has the date June 23, 2023, and has the title “The Super Connector Who Built Sam Bankman-Fried’s Celebrity World.”)

Feds Release Covid Origin Report on a Friday Evening–A Time to “Put Out News They Want Buried or Ignored”

(p. A12) The Office of the Director of National Intelligence released a long-awaited declassified report, which included spy agencies’ findings on the so-called lab leak theory, . . .

The 10-page report said scientists at the Wuhan Institute of Virology did conduct research on coronaviruses, in some cases had inadequate safety measures and had genetically engineered coronaviruses.

. . .

After three years of study, some senior U.S. officials have said that the spy agencies are unlikely to come to any satisfactory conclusion, in large measure because China has not cooperated with international inquiries and some officials in Beijing are not interested in digging deeper into the cause of the pandemic.

. . .

The report was released on a Friday evening, traditionally a time when administrations put out news they want buried or ignored. Conservatives had criticized the government for failing to meet a deadline of the beginning of the week, though few congressionally mandated reports are delivered precisely on time.

While Biden administration officials have said they have ordered investigations without favoring one theory over another, Republicans have harshly criticized how the White House and its intelligence agencies have investigated Covid’s origins.

“The lab leak is the only theory supported by science, intelligence and common sense,” John Ratcliffe, who served as the director of national intelligence in the Trump administration, said as the report was released Friday [June 23, 2023], adding: “The Biden administration’s continued obfuscation of Covid origins is a disservice to the intelligence community.”

For the full story, see:

Julian E. Barnes. “Intelligence Agencies Remain Divided Over Theory That Covid Came From Lab.” The New York Times (Saturday, June 24, 2023): A11.

(Note: ellipses, and bracketed date, added.)

(Note: the online version of the story has the date June 23, 2023, and has the title “U.S. Intelligence Report Finds No Clear Evidence of Covid Origins in Wuhan Lab.”)

Tiananmen Leader Hopes Exiled Hong Kongers Will Keep Memory of Massacre Alive

(p. A8) For decades, Hong Kong was the only place in China where the victims of the 1989 military crackdown on pro-democracy activists at Tiananmen Square in Beijing could be publicly mourned in a candlelight vigil. This year, Hong Kong is notable for all the ways it is being made to forget the 1989 massacre.

In the days before the June 4 anniversary on Sunday, even small shops that displayed items alluding to the crackdown were closely monitored, receiving multiple visits from the police. Over the weekend, thousands of officers patrolled the streets in the Causeway Bay district, where the vigil was normally held, and set up tents where they searched people suspected of trying to mourn. They arrested four people accused of “acts with seditious intention” and one person accused of obstructing police officers. Another 27 people were detained.

Zhou Fengsuo, a student leader in the Tiananmen Square protest movement, said that Hong Kong is now under the same “despotic rule” as the mainland.

. . .

“For us Tiananmen survivors, losing Hong Kong — this very important place that shielded history and truth — is very painful,” said Mr. Zhou, the former Tiananmen leader. After the raid and forced closing of a June 4 museum in Hong Kong in 2021, Mr. Zhou donated several Tiananmen artifacts to a newly established permanent exhibit in New York, including a bloodstained banner, a tent and a mimeograph. A section was devoted to Hong Kong.

He added that he related to the wave of Hong Kong dissidents who had left the city — to the pain of exile and their struggle to keep the movement alive while far from home. But their presence abroad was helping to keep the memory of the crackdown alive elsewhere, he said.

“On the other hand, many Hong Kongers are now passionately participating in June 4 activities around the world, increasing attendance threefold in some places,” he said. “There are now many cities that are starting to commemorate June 4 because of the arrival of Hong Kongers.”

For the full story, see:

Tiffany May. “Marking the Tiananmen Massacre in a Hong Kong Stripped of Dissent.” The New York Times (Monday, June 5, 2023): A8.

(Note: ellipsis added.)

(Note: the online version of the story was updated June 5, 2023, and has the title “Hong Kong Remembered the Tiananmen Massacre, Until It Couldn’t.”)

With No New Transmission Lines, 80 Percent of Planned Biden Emissions Reduction May Not Happen

(p. A12) . . ., compare today’s renewable energy and transmission system to one estimate of what it would take to reach the Biden administration’s goal of 100 percent clean electricity generation by 2035. Transmission capacity would need to more than double in just over a decade.

There are enormous challenges to building that much transmission, including convoluted permitting processes and potential opposition from local communities.

. . .

The climate stakes are high. Last year, Congress approved hundreds of billions of dollars for solar panels, wind turbines, electric vehicles and other technologies to tackle global warming. But if the United States can’t build new transmission at a faster pace, roughly 80 percent of the emissions reductions expected from that bill might not happen, researchers at the Princeton-led REPEAT Project found.

Already, a lack of transmission capacity means that thousands of proposed wind and solar projects are facing multiyear delays and rising costs to connect to the grid. In many parts of the country, existing power lines are often so clogged that they can’t deliver electricity from wind and solar projects to where it is needed most and demand is often met by more expensive fossil fuel plants closer to homes and businesses. This problem, known as congestion, costs the country billions of dollars per year and has been getting worse.

. . .

Utilities are sometimes wary of long-distance transmission lines that might undercut their local monopolies.

For the full story, see:

Nadja Popovich and Brad Plumer. “Why America Is Not Ready for the Energy Transition.” The New York Times (Friday, June 16, 2023): A12.

(Note: ellipses added.)

(Note: the online version of the story has the date June 12, 2023, and has the title “Why the U.S. Electric Grid Isn’t Ready for the Energy Transition.”)

Engerman, with Fogel, Courageously Asked Politically Incorrect Questions about Slavery

(p. D8) Stanley Engerman, one of the authors of a deeply researched book that, wading into the fraught history of American slavery, argued that it was a rational, viable economic system and that enslaved Black people were more efficient workers than free white people in the North, died on May 11 [2023] in Watertown, Mass.

. . .

In their two-volume “Time on the Cross: The Economics of American Negro Slavery” (1974), Professor Engerman and Prof. Robert W. Fogel used data analysis to challenge what they called common characterizations of slavery, including that it was unprofitable, inefficient and pervasively abusive.

They said they were not defending slavery. “If any aspect of the American past evokes a sense of shame,” they wrote, it’s the system of slavery.” But much of the accepted wisdom about it, they said, was distorted, or just plain wrong.

“Slave agriculture was not inefficient compared with free agriculture,” they wrote. “Economies of large-scale operation, effective management and intensive utilization of labor made Southern slave agriculture 35 percent more efficient than the Northern system of family farming.”

They insisted that the typical slave “was not lazy, inept and unproductive” but rather “was harder working and more efficient than his white counterpart.” They contended that the destruction of the Black family through slave breeding and sexual exploitation was a myth, and that it was in the economic interest of plantation owners to encourage the stability of enslaved families.

They also wrote that some slaves received positive incentives, such as being elevated to overseers of work gangs, to increase their productivity.

The book attracted a lot of attention, including a rave review by the economist Peter Passell in The New York Times. “If a more important book about American history has been published in the last decade, I don’t know about it,” he wrote. He described the work as a corrective, “a jarring attack on the methods and conclusions of traditional scholarship” on slavery.

. . .

. . . the Marxist historian Eugene D. Genovese, whose own book about slavery, “Roll, Jordan Roll: The World the Slave Made,” was also published in 1974, called “Time on the Cross” an “important work” that had “broken open a lot of questions about issues that were swept under the rug before.”

For the full obituary, see:

Richard Sandomir. “Stanley Engerman, 87, Scholar Who Disputed Views on Slavery, Dies.” The New York Times (Monday, May 29, 2023): D8.

(Note: ellipses, and bracketed year, added.)

(Note: the online version of the commentary was updated May 30, 2023, and has the title “Stanley Engerman, Revisionist Scholar of Slavery, Dies at 87.”)

The book praised in the obituary quoted above is:

Fogel, Robert William, and Stanley L. Engerman. Time on the Cross: The Economics of American Negro Slavery. Boston: Little, Brown and Company, 1974.

Chinese Communist Party “Rattled” by Citizens Refusing to Pay Mortgages on Unfinished Apartments

(p. B1) The rows of towering buildings crowding the banks of the Gan River are a testament to the real estate boom that transformed Nanchang in eastern China from a gritty manufacturing hub to a modern urban center.

Now those skyscrapers are evidence of something very different: China’s real estate market in crisis, reeling after years of overbuilding.

. . .

Nanchang illustrates the enormous challenges policymakers face in trying to revive China’s economy. During past downturns, Beijing turned to real estate and infrastructure spending to jump-start the economy. But this time, it won’t be an easy fix. Developers are saddled with debt, cities are teeming with empty dwellings, and local government finances are depleted from years of paying for Covid testing.

Many of Nanchang’s newest apartments remain empty because developers ran out of money and did not finish building already-sold units. Some homeowners are refusing to pay mortgages until their apartments are finished, a nationwide act of dissent that has rattled the Chinese Communist Party.

. . .

Shortly after her daughter was born in 2019, Andie Cao, who lives and works in Shanghai, bought an unfinished apartment in Nanchang. It was closer to her hometown in the Chinese countryside, and she planned to move after the developer was set to finish the project in late 2021.

But the developer ran into financial problems and stopped construction in July 2021. After continuing to pay the mortgage for a year, Ms. Cao and other homeowners staged a mortgage boycott last July [2022].

Ms. Cao said that the salespeople had also told her that the apartment was in one of Nanchang’s more established districts with good schools, but that it was actually zoned for a neighboring, less developed area on the city’s outskirts.

“Everyone was deceived,” she said. “Otherwise, why would there be so many people buying a home in the suburbs?”

She said she was continuing to boycott, because the homes were still unfinished. She said the police had visited her parents to tell Ms. Cao to stop speaking out. The banks are now suing some of her boycotting neighbors.

For the full story, see:

Daisuke Wakabayashi and Claire Fu. “Once a Symbol of China’s Growth, Now a Sign of a Housing Crisis.” The New York Times (Wednesday, May 31, 2023): B1 & B4.

(Note: ellipses, and bracketed year, added.)

(Note: the online version of the story has the date May 25, 2023, and has the same title as the print version.)