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| 1. | Brandon Donnelly | 14M |
| 2. | 0xdb8f...bcfd | 4.5M |
| 3. | jcandqc | 4.1M |
| 4. | 0x65de...c951 | 2.1M |
| 5. | kualta.eth | 869.1K |
| 6. | Ev Tchebotarev | 170.5K |
| 7. | stefan333 | 81.7K |
| 8. | voltron | 81.5K |
| 9. | William Mougayar's Blog | 28.4K |
| 10. | Empress Trash | 19.8K |
This Toronto Life article about a 32-year-old who has managed to buy 10 homes in the city is very Toronto Life. At a time where many young people are struggling to afford housing, here is a millennial who has bought 10 of them (albeit with some partners). The underlying message: You're not working hard enough.
I am fairly certain Toronto Life writes these sorts of articles because they know they'll enrage people. As Facebook has taught us over the last few years, getting people pissed off is good for engagement. And engagement is what drives advertising-based businesses.
Here is an excerpt from a recent Time article by Roger McNamee (a former Facebook advisor):
One of the best ways to manipulate attention is to appeal to outrage and fear, emotions that increase engagement. Facebook’s algorithms give users what they want, so each person’s News Feed becomes a unique reality, a filter bubble that creates the illusion that most people the user knows believe the same things. Showing users only posts they agree with was good for Facebook’s bottom line, but some research showed it also increased polarization and, as we learned, harmed democracy.
If you take a look at the Twitter conversations surrounding the above Toronto Life article, you'll see the reactions you would expect: Troll article. Yeah, but how much debt has he taken on? He had help from wealthy friends. Here's how a 32-year-old is eroding housing affordability in Toronto.
I appreciate all of this, but I will never understand the need to shit on other people because of their successes, regardless of whether they are self-made or were born with a competitive advantage. Billionaire isn't a bad word in my books. I am a first generation real estate developer, but I wouldn't be at all upset if my great-grandparents had decided that buying land in Toronto was a good idea.
Here is a guy that moved to Canada for University. Lived in a basement with cockroaches after leaving his first job after school. Took some risks. And saved his money instead of doing bottle service at the club on the weekends. I can respect that.
But again, these sorts of articles are bound to make a lot of people cranky. And Toronto Life knows that.
Photo by Tiago Rodrigues on Unsplash
What is happening in California right now is both sad and scary. I woke up to these photos in the New York Times. So I spent the morning reading up on wildfires and what causes them.
I am sure many of you are thinking: Is climate change doing this?
It’s important to note that California is designed to burn. The characteristics that make the state a highly desirable place to live – mild winters and hot and dry summers – also make it a highly flammable place.
Below is a map from Popular Science showing how much of California has burned over the last 5 years. Most of California’s hottest fires (13 of the top 20) have occurred since 2000.
Proposition C will be on San Francisco’s ballots this November 6th, 2018.
If approved by voters, the following additional taxes would be levied on businesses in order to create a dedicated fund to both support and prevent homelessness in the city:
For businesses that pay a gross receipts tax, an additional tax of 0.175 percent to 0.690 percent on those gross revenues in San Francisco over $50 million;
For businesses that pay the administrative office tax, an additional tax of 1.5 percent of their payroll expense in San Francisco.
Marc Benioff – the founder of Salesforce (which happens to be the city’s largest employer) – has emerged as the lead supporter of Prop C. Between personal and corporate funds, he has contributed almost $8 million to getting this passed.
But other billionaires in the Bay Area, such as Jack Dorsey of Twitter, have taken a different position, instead siding with Mayor London Breed, who does not support Prop C.
If you’re interested in this topic, the New Yorker has a piece called, The Battle of the Big-Tech Titans Over San Francisco’s Tax for the Homeless
This Toronto Life article about a 32-year-old who has managed to buy 10 homes in the city is very Toronto Life. At a time where many young people are struggling to afford housing, here is a millennial who has bought 10 of them (albeit with some partners). The underlying message: You're not working hard enough.
I am fairly certain Toronto Life writes these sorts of articles because they know they'll enrage people. As Facebook has taught us over the last few years, getting people pissed off is good for engagement. And engagement is what drives advertising-based businesses.
Here is an excerpt from a recent Time article by Roger McNamee (a former Facebook advisor):
One of the best ways to manipulate attention is to appeal to outrage and fear, emotions that increase engagement. Facebook’s algorithms give users what they want, so each person’s News Feed becomes a unique reality, a filter bubble that creates the illusion that most people the user knows believe the same things. Showing users only posts they agree with was good for Facebook’s bottom line, but some research showed it also increased polarization and, as we learned, harmed democracy.
If you take a look at the Twitter conversations surrounding the above Toronto Life article, you'll see the reactions you would expect: Troll article. Yeah, but how much debt has he taken on? He had help from wealthy friends. Here's how a 32-year-old is eroding housing affordability in Toronto.
I appreciate all of this, but I will never understand the need to shit on other people because of their successes, regardless of whether they are self-made or were born with a competitive advantage. Billionaire isn't a bad word in my books. I am a first generation real estate developer, but I wouldn't be at all upset if my great-grandparents had decided that buying land in Toronto was a good idea.
Here is a guy that moved to Canada for University. Lived in a basement with cockroaches after leaving his first job after school. Took some risks. And saved his money instead of doing bottle service at the club on the weekends. I can respect that.
But again, these sorts of articles are bound to make a lot of people cranky. And Toronto Life knows that.
Photo by Tiago Rodrigues on Unsplash
What is happening in California right now is both sad and scary. I woke up to these photos in the New York Times. So I spent the morning reading up on wildfires and what causes them.
I am sure many of you are thinking: Is climate change doing this?
It’s important to note that California is designed to burn. The characteristics that make the state a highly desirable place to live – mild winters and hot and dry summers – also make it a highly flammable place.
Below is a map from Popular Science showing how much of California has burned over the last 5 years. Most of California’s hottest fires (13 of the top 20) have occurred since 2000.
Proposition C will be on San Francisco’s ballots this November 6th, 2018.
If approved by voters, the following additional taxes would be levied on businesses in order to create a dedicated fund to both support and prevent homelessness in the city:
For businesses that pay a gross receipts tax, an additional tax of 0.175 percent to 0.690 percent on those gross revenues in San Francisco over $50 million;
For businesses that pay the administrative office tax, an additional tax of 1.5 percent of their payroll expense in San Francisco.
Marc Benioff – the founder of Salesforce (which happens to be the city’s largest employer) – has emerged as the lead supporter of Prop C. Between personal and corporate funds, he has contributed almost $8 million to getting this passed.
But other billionaires in the Bay Area, such as Jack Dorsey of Twitter, have taken a different position, instead siding with Mayor London Breed, who does not support Prop C.
If you’re interested in this topic, the New Yorker has a piece called, The Battle of the Big-Tech Titans Over San Francisco’s Tax for the Homeless
But these naturally occurring fires are actually important for the regeneration of its forests. So one argument is that the current policy of “total fire suppression” is actually partially responsible for this increase in severe wildfires.
Low-intensity forests aren’t burning like they used to and it is creating more densely packed forests for even larger wildfires. In other words, through our actions we could be exchanging smaller and more frequent fires for bigger and more severe ones.
The other concern is development.
California had a population of about 24 million people in 1980. Today it is closer to 40 million. And much of that growth has occurred outside of existing urban areas (too hard to build). This has meant more people living in suburban and rural areas – adjacent to wildlands.
Ed Glaeser has repeatedly argued that the best way to respect nature is to actually stay as far away from it as possible. Humans are a destructive species. Living in a dense city is good for the planet.
Now let’s address the climate change issue.
Daniel Swain, who is a climate scientist and author of the Weather West blog, published this popular thread on Twitter about a day ago. At the time of writing this post, it had been retweeted and liked over 10,000 times.
From his perspective as a climate scientist, this is not all about climate change. That’s the wrong question to ask. It’s more complicated and nuanced than that. But climate does indeed act as a “threat multiplier” to the other factors we’ve already discussed.
Fire season typically begins and ends with rain. When the fall rainy season starts, the fire season ends. One of the biggest risk factors is a dry fall, particularly after a hot and dry summer (or after multiple hot and dry summers, as has been the case in California).
Because according to Swain, fall means the start of “offshore wind” season, which can help to stoke these wildfires.
Unfortunately, one of the projected outcomes of climate change for California is more precipitation concentrated in the “winter” months, at the expense of precipitation in the shoulder seasons (spring and fall). So that means a longer fire season.
Swain believes that if Northern California had received close to its typical amount of rain this fall, it is almost certain that this tragedy would have been avoided.
That, however, makes me wonder about the relative importance of all the factors we have discussed today.
For Daniel Swain’s full thread, click here.
But these naturally occurring fires are actually important for the regeneration of its forests. So one argument is that the current policy of “total fire suppression” is actually partially responsible for this increase in severe wildfires.
Low-intensity forests aren’t burning like they used to and it is creating more densely packed forests for even larger wildfires. In other words, through our actions we could be exchanging smaller and more frequent fires for bigger and more severe ones.
The other concern is development.
California had a population of about 24 million people in 1980. Today it is closer to 40 million. And much of that growth has occurred outside of existing urban areas (too hard to build). This has meant more people living in suburban and rural areas – adjacent to wildlands.
Ed Glaeser has repeatedly argued that the best way to respect nature is to actually stay as far away from it as possible. Humans are a destructive species. Living in a dense city is good for the planet.
Now let’s address the climate change issue.
Daniel Swain, who is a climate scientist and author of the Weather West blog, published this popular thread on Twitter about a day ago. At the time of writing this post, it had been retweeted and liked over 10,000 times.
From his perspective as a climate scientist, this is not all about climate change. That’s the wrong question to ask. It’s more complicated and nuanced than that. But climate does indeed act as a “threat multiplier” to the other factors we’ve already discussed.
Fire season typically begins and ends with rain. When the fall rainy season starts, the fire season ends. One of the biggest risk factors is a dry fall, particularly after a hot and dry summer (or after multiple hot and dry summers, as has been the case in California).
Because according to Swain, fall means the start of “offshore wind” season, which can help to stoke these wildfires.
Unfortunately, one of the projected outcomes of climate change for California is more precipitation concentrated in the “winter” months, at the expense of precipitation in the shoulder seasons (spring and fall). So that means a longer fire season.
Swain believes that if Northern California had received close to its typical amount of rain this fall, it is almost certain that this tragedy would have been avoided.
That, however, makes me wonder about the relative importance of all the factors we have discussed today.
For Daniel Swain’s full thread, click here.
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