BC SOCIETY
Saved by @Jacobtldr

The stunning announcement of >$6B in philanthropic donations in one year by @mackenziescott deserves wider

 Fine piece by @nkulish in the @nytimes that addresses some of the key issues.

https://t.co/UCvUCT9rru
But this should be just the start.

Important first to put the $6B total in context. Total grantmaking in 2019 by @darrenwalker at the @FordFoundation was ~$350M. Total at @Hewlett_Found was ~$450M.

So @mackenziescott is ~15x some of the largest and most discussed foundations.
To the best of my knowledge, what we know about her philanthropy stems from a total of two posts on @Medium.

No address. No website. No known staff. We don't even know much about the entities she's using -- DAFs, LLCs, private foundation?

https://t.co/y4kLry4XOT
What's interesting about her philanthropy?

*Proves it's not that difficult to give away a billion dollars.
*No strings attached giving - all general operating support over multiple years
*No reporting requirements, AFAIK
The anti-paternalist, non-technocratic approach is a refreshing counterpoint to prevailing trends. Nevertheless, her arrival as one of the largest and most important philanthropists means that she is wielding considerable power. And that power deserves our scrutiny.
Big philanthropy is the conversion of private assets into public influence. It is an exercise of power by the wealthy. It is a plutocratic element in a democratic setting.

Her preferences, and hers alone, determine a flow of $6b into American civil society.
And apparently there's much more to come.

Despite the astonishing ~6B in giving, she's almost certainly far wealthier at the end of 2020 than she was at the start. Amazon stock's value has soared.
True, she's under no legal obligation to be transparent. But that's a failure of our public policies. And of our expectations of philanthropists.
Directing scrutiny at philanthropists need not mean a default skepticism of their aspirations. It means that we citizens deserve the opportunity to assess the goals and strategies of big philanthropy.
One reason is that philanthropy with tax breaks. We subsidize @mackenziescott's DAF via forgone tax revenue.

Contrary to popular opinion, philanthropy is not the exercise of liberty to give away your own money. It's a tax-subsidized exercise of liberty.
But the more fundamental reason is that she enjoys $6B of funding power, with much more to come, as a signatory of the Giving Pledge.
One of the great chroniclers of such power is @AnandWrites. Any random dip into his timeline will afford a good example.

Here's the latest: https://t.co/tQ0aYrq59z
And beyond all these questions of philanthropy, there are even more foundational concerns about whether anyone should have a fortune of $30+ billion dollars in the first place.
Attitudes about philanthropy are changing. @mackenziescott is providing an example about how to do it differently. And public attitudes are changing too, moving beyond default gratitude for any charitable impulse.
Let 2021 bring more journalism and broader discussion of all kinds of philanthropy.

People to follow: @Philanthropy @InsidePhilanthr @AnandWrites @nkulish @SSIReview @HistPhil @Philliteracy @p2173

More from Society

Mohamed Samaan Mhukhuthar (\u29d6) \U0001f1f2\U0001f1fb\U0001f1fa\U0001f1f8\U0001f1eb\U0001f1f7\U0001f3f4
Mohamed Samaan Mhukhut...
@samaanslifeDMG
Sandbank Danger, A Thread


Controversy Has Been Caused By The Digging Of A Narrow Channel By A Resort On A Sandbank Near K. Hinmafushi.


Hinmafushi Council President Shan Ibrahim Stated To Sun That The Resort, Which Dug The Trench Creating A River On The Sandbank, Did Not Have Ownership Over The Sandbank.

Officials From The Island Of Hinmafushi Had Traveled To The Sandbank To Stop The Process Of Digging The Trench When They Became Aware Of It, Said Shan.

Officials Were Now Redepositing The Sand Removed From The Sandbank.
SOCIETY
Noah Smith
Noah Smith
@Noahpinion
1/OK, data mystery time.

This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE

That's weird. Income inequality in China is legendary.

Let's check this number.

2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".

The report is available here:

3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.

The graph cites the World Development Indicators as its source for the income inequality data.


4/The World Development Indicators are available at the World Bank's website.

Here's the Gini index: https://t.co/MvylQzpX6A

It looks as if the latest estimate for China's Gini is 42.2.

That estimate is from 2012.

5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.

I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
SOCIETY
Advertisement
UN Watch
UN Watch
@UNWatch
The UN just voted to condemn Israel 9 times, and the rest of the world 0.

View the resolutions and voting results here:

The resolution titled "The occupied Syrian Golan," which condemns Israel for "repressive measures" against Syrian citizens in the Golan Heights, was adopted by a vote of 151 - 2 - 14.

Israel and the U.S. voted 'No' https://t.co/HoO7oz0dwr


The resolution titled "Israeli practices affecting the human rights of the Palestinian people..." was adopted by a vote of 153 - 6 - 9.

Australia, Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No' https://t.co/1Ntpi7Vqab


The resolution titled "Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and the occupied Syrian Golan" was adopted by a vote of 153 – 5 – 10.

Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/REumYgyRuF


The resolution titled "Applicability of the Geneva Convention... to the
Occupied Palestinian Territory..." was adopted by a vote of 154 - 5 - 8.

Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/xDAeS9K1kW
SOCIETY
Demagogue_Bingo \U0001f536\U0001f30d\U0001f1ea\U0001f1fa\U0001f95b\u2696\ufe0f\u2694\ufe0f\U0001f989\U0001f41d\U0001f480\U0001f3af\u2638\ufe0f
Demagogue_Bingo 🔶🌍🇪🇺🥛⚖...
@BingoDemagogue
@AuthorMonika No; we have been British here long before we were Scottish. British comes from 'Pritani' which is what the people here called themselves and the whole island before the Romans invaded.

When the Romans were here they Latinised this to Britannia, but also, for example, the Vindolanda tablets found at Hadrian's wall record the locals north of the wall as 'Britunculi' ' the little britons'

Looking at the post Roman period the 'scots' were Irish pirates who started to invade and colonize from the west. There has been a tribal split known between the 'British' - which covered the central belt where most of 'Scots' still live now, and the 'picts' to the North.


Now the latest research on the Picts suggests from their language that they and the 'British' had an originally common source and both from a same root proto-british language.


Then if you move forward to the Declaration of Arbroath - it literally says that the Scots invaded from Ireland and 'expulsis primo Britonibus et Pictis omnio deletis' - 'first routed the British then destroyed every single Pict'
SOCIETY
Somya Lakhani
Somya Lakhani
@somyalakhani
Thread:
A year ago, at this hour exactly I was in Maujpur in northeast Delhi. For days, weeks & months, I -- like several other reporters -- filed multiple stories on the #DelhiRiots. On the violence, the perpetrators, the victims, the burnt homes & shops, the fear.

I remember every minute of Feb 23, 2020 -- from the speeches to smoke billowing from afar. What I can't ever forget is the face of a man who sat alone in front of a shop, his kurta dusty and torn, blood on his forehead, unable to answer who he was & where he wanted to go.

I've his photo, I never posted it anywhere, and I won't either. He was in such shock, and there was no help around. I tried talking to him but he didn't say a word. He was numb.

It'll take me years before I can fully write down what happened that afternoon -- a stampede, stones flying all around me, a colleague who held nu hand & ran, another who lost her slipper for a minute, tear gas, my inhaler, salt.

I sent my mother messages, my hands trembling. At 1 am, I was home -- my head buried inside a pillow between my parents.
SOCIETY

You May Also Like

\u0936\u094d\u0930\u0940\u092e\u093e\u0932\u0940 \u0939\u093f\u0924\u0947\u0936 \u0905\u0935\u0938\u094d\u0925\u0940
श्रीमाली हितेश अवस्थी...
@HiteshAwasthi89
Stambheshwar Mahadev Temple, Kavi Kamboi, Bharuch, Gujarat

Stambheshwar Mahadev is a Hindu Temple dedicated to Bhagwan Shiva, located in Kavi Kamboi in Bharuch District District of Gujarat, India. The Temple is about 150 years old. 1/n


The Temple is also known as the Submerging temple. The Temple is flanked by the Arabian Sea on one side and the Bay of Cambay on the other side.

As per legend, Tarakasura troubled the common people, sages and devas a lot. 2/n


Hence, Bhagwan Kartikeya k!lled him, but later he felt guilty for killing a demon who was a great devotee of Shiva. He went to Prabhu Vishnu and told about his guilty. Bhagwan Vishnu advised him to install a Shiva Linga to get relief from the sin. 3/n


As advised, he installed the Shiva Linga in this place and prayed to Bhagwan Shiva to forgive his sin.
The temple is located in Kavi Kamboi between the shores of Bay of Cambay and the Arabian Sea. This Temple is very simple temple in terms of architecture. 4/n


Every day, during the high tide hours, the temple submerges, and when the tide level becomes normal, the temple reappears again. The Temple houses a 4 feet high Shiva lingam. The Lingam can be seen during low tide. The visit to the temple should be planned in such a way that..5/n
ALL
Rudy Havenstein, listening to Nas all day.
Rudy Havenstein, liste...
@RudyHavenstein
I hate when I learn something new (to me) & stunning about the Jeff Epstein network (h/t MoodyKnowsNada.)

Where to begin?

So our new Secretary of State Anthony Blinken's stepfather, Samuel Pisar, was "longtime lawyer and confidant of...Robert Maxwell," Ghislaine Maxwell's Dad.


"Pisar was one of the last people to speak to Maxwell, by phone, probably an hour before the chairman of Mirror Group Newspapers fell off his luxury yacht the Lady Ghislaine on 5 November, 1991." https://t.co/DAEgchNyTP


OK, so that's just a coincidence. Moving on, Anthony Blinken "attended the prestigious Dalton School in New York City"...wait, what? https://t.co/DnE6AvHmJg

Dalton School...Dalton School...rings a

Oh that's right.

The dad of the U.S. Attorney General under both George W. Bush & Donald Trump, William Barr, was headmaster of the Dalton School.

Donald Barr was also quite a


I'm not going to even mention that Blinken's stepdad Sam Pisar's name was in Epstein's "black book."

Lots of names in that book. I mean, for example, Cuomo, Trump, Clinton, Prince Andrew, Bill Cosby, Woody Allen - all in that book, and their reputations are spotless.
EPSTEIN NETWORK
Advertisement
Raman Shalupau
Raman Shalupau
@ksaitor
Maker movement is doing to startups what startups did to corporations.

Here is why 👇

Startups fixed the problem of innovation, that corporations lack.

In big, slow corporations, innovation is a RISK and distraction from the core $$$ profitable business.

Agile startups could launch, iterate fast and eventually stumble upon new growing market opportunities.

However,

When a startup reaches product-market-fit, it has to 🚀 "grow at all costs" and reach market dominance before some giant corporation can replicate their new product and distribute it to their existing giant customer base.

Startup's "growth at all costs" often means growth at the expense of charging customers $$$ money.

Hence, to be sustainable, startups have to constantly chase investor money.

Startup teams spend more time finding and pleasing investors, than finding and pleasing customers.

95% of startups die because they run out of (investor) money + no business model + crazy investor expectations.

Same way corporations die, when unable to adjust to new technology and market shifts.
MAKERS
Pulp Librarian
Pulp Librarian
@PulpLibrarian
Many readers have asked me "why do so many pulp covers feature women in ripped red blouses standing in swamps while a man fights off an unusual animal attack?"

The answer is artist Will Hulsey...


Will Hulsey was the undisputed king of the animal attack pulp cover. You name it, he'd paint it attacking you in a pool of stagnant water.


Very little is known about Will Hulsey, but he worked on a number of men's pulp magazines in the 1950s and early 1960s including Man's Life, True Men, Guilty, Trapped and Peril.


Their audience was ex-GIs: during WWII the US Council of Books in Wartime had given away over 122 million books to American servicemen to read; this led to a post-war surge in paperback and magazine sales amongst these newly enthusiastic readers.


As a result the 1950s saw a raft of men's pulp magazines being published to tap into this market - almost 200 different titles!
CULTURE
Aditya Todmal
Aditya Todmal
@AdityaTodmal
A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
OPTIONSLEARNINGS , OPTIONSBASICS , OPTIONSLEARNINGSSARANGSOOD