Newmark's Door

Short interview with Edward Luttwak who sharply criticizes government regulation of our defense industry:

The American R&D system is governed by 5,000-plus rules designed to avoid waste, fraud, and mismanagement. Unfortunately, these rules make everything terrifically elaborate and costly, and they also seemingly make it impossible to do anything in less than 20 years’ time. When you do things slowly in the R&D world, it means that components and elements like microprocessors become obsolete while you’re still working on a system. Then you have to go back and bring all those obsolete systems up to date. This is how we end up taking years and years—decades, in fact—to develop new weapons, at a huge cost.

Sorry, but except for the nice employees--and how, exactly, is that a "trick"?--I find the practices listed just annoying.

Believe it or not, your choice:

Researchers used machine-learning tools to analyze a sample of just under 12,000 earnings calls and found that when execs show a sense of humor, it can give their company's share price an immediate boost.

Academics second-guess airline executives.

What an incredibly wealthy society we are: Proctor & Gamble accrued 30 patents and spent five years to reformulate its toilet paper to eliminate the dreaded "incomplete tear".

"All I wanted was a status symbol. What I got was a $31,000 lesson in the downside of payment apps."

As Sgt. Esterhaus on Hill Street Blues used to say, "Hey, let's be careful out there."

Apple leads the list.

"Outside Sales Representative"??

Chalk up one good use for AI.

Right now I'd give the edge to the employees.