Curating the Internet: Business, leadership, and management micro-summaries for September 5, 2019

A photo-essay from 21 years of Google; Congress urged to regulate crypto miners by human-trafficking expert; An argument that it's too soon for investors to worry about a big-tech break-up; An argument for 360-degree employee evaluations; An argument that the migration from active to passive investment represents a threat to the economy during a future downturn


Straight from <A HREF=https://theoldreader.com>my RSS feed	Whatever gets my attention

Links and micro-summaries from my 1000+ daily headlines. I filter them so you don't have to.

pixabay license: source.

Google just turned 21 years old — here are 40 photos of Google's rise from a Stanford dorm room to becoming a global internet superpower - A photo-essay that documents Google's rise from a fledgling computer science project to $815 billion corporate superpower. During this time, the company launched, IPO'd at $85 per share, and grew in value to today's figure of $1,177 per share.

Human-Trafficking Expert Urges US Congress to Regulate Crypto Miners - David Murray, vice president for product development and services at Financial Integrity Network suggested in congressional testimony that a new asset class is needed for miners, called, "virtual asset transaction validators". Murray suggests that such validators should be required to know who they're dealing with, just like financial institutions. Critics say that the type of regulation that's called for would amount to a defacto ban on mining inside the United States. The article closes with this critique, "The internet is used for all kinds of crime, but if in 1998 we said ‘let’s ban the internet because it’s used for crime,’ the U.S. would have suffered."

Will Uncle Sam Force Big Tech to Break Up? - Analysts from Fisher Investments Editorial Staff suggest that regulatory risk is unavoidable, but they think that federal action to break-up big-tech corporations will be far in the future, if at all, and they don't view the current saber rattling from federal officials and 2020 presidential hopefuls as a reason to stay away from investing in the sector. The article addresses three types of risk: policy risk from a potential democrat administration after 2020, policy risk from the current administration, and legal jeopardy from anti-trust law suits. In all three cases, the analysts suggest that major actions will face legal and political opposition, and will take substantial amounts of time to play out. So, they believe it is safe to stay invested in the sector while waiting for greater clarity about the types of risk that will emerge.

360-degree input: The most effective way to assess employee effectiveness - In this essay, Stan Silverman argues that the most effective way to evaluate an employee's performance is with an anonymous 360 degree input process. In this process, interviews are conducted with an employee's subordinates and peers. Depending on the culture, he says, these interviews can be conducted by the employee's boss or by an outside firm. Silverman also suggests adding to the process by giving the employee's peers a chance to also report on problems encountered with subordinates of the employee who is undergoing the evaluation, and adds that its important for the boss to continue to provide regular feedback to the employee outside of the 360-degree process.

STEEM Passive Investing - The Gift that Keeps Giving...Until it all Vanishes at Once - In this post, @heyimsnuffles says that during the last 10 years, passive investment has closed the gap from 1/3 of active investment to almost parity. The post argues that this will become a problem during a future downturn when all of the inflows into passive investment funds turn into outflows, thus harming large sectors of the economy all at once. (A 10% beneficiary setting has been assigned to @heyimsnuffles for this post.)

Addendum

STEEM The General Slocum Disaster - a random glance at history - With the tragic fire on a diving vessel in California this week, I was reminded of my own post from a few months ago, and thought it was worth pointing it out again. As in the current tragedy, most of the General Slocum's crew managed to escape to safety, and most of the passengers didn't. One thing that we can learn from the General Slocum fire is that the community-impacts of the event may persist for a long period of time after the disaster, itself.

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Chester County Notables: Samuel Barber, Bayard T. Rustin, and N. C. Wyeth - A random glance at history

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About this series

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