World’s Most and Least Livable Cities

In the US, people are moving out of the major cities like New York, Chicago, and Baltimore. But in the world generally, the urban population continues to grow. In 2021, 51% of the world’s population lived in cities.

The Economist Intelligence Unit has released its latest list of the world’s most and least “livable” cities. In determining the rankings, the following weighting was given:

Healthcare (20%)

Culture & Environment (25%)

Stability (25%)

Education (10%)

Infrastructure (20%)

Canada had two cities in the top five and three in the top 10. Switzerland had one in the top five and another one in the top 10. No US cities scored in the top 10.

The top five: 

Vienna, Austria

Copenhagen, Denmark

Zurich, Switzerland

Calgary, Canada

Vancouver, Canada

The bottom five: 

Damascus, Syria

Lagos, Nigeria

Tripoli, Libya

Algiers, Algeria

Karachi, Pakistan

I’ve been to all five of the best-rated cities, and from what I experienced, their status at the top of this list doesn’t surprise me. I’ve been to three of the five worst-rated cities (those in Africa), and I found them all stark and scary, although Algiers has, at least, a redeeming African urban cultural scene.

Click here for details.

Vice 

Starring Christian Bale, Amy Adams, Steve Carell, and Sam Rockwell

Directed by Adam McKay

Released in theaters Dec. 25, 2018

Available on various streaming services, including Netflix and Amazon Prime

Last night, I watched Vice. I had heard it was good. And that Christian Bale did an amazing job personifying Dick Cheney, a man that I believed, from everything I had previously read about him, was a deplorable human being. The film didn’t change my impression greatly, but it did leave me with a fuller sense of who he was and why he did what he did.

What I also appreciated about Vice was the approach the creative team took in making it. Rather than presenting a strongly fixed political viewpoint, which I was expecting, they used a clever dramatic device: a voiceover from an unintroduced narrator who peppered his narrative with subtlety snide remarks along the way. Snide enough to provide their political perspective (leaning to the left), but subtle enough to allow a libertarian or conservative viewer to go with the flow.

Vice doesn’t do everything it might have done if it were more ambitious. It doesn’t tackle the big picture – the complexity of political corruption — in an entirely convincing or satisfactory way. But, in fairness, that’s not what the film is trying to do. It’s trying to provide an explanation of how power, political power, corrupts. And it does so by depicting Cheney not as a Machiavellian monster, but as a very ordinary man.

And that makes it much more disturbing.

Critical Reception 

While the performances were universally acclaimed, the film polarized critics. Some considered it to be one of the best films of the year; others thought it was one of the worst.

* “What is perhaps most remarkable about Bale’s and Adams’s performances is that they supply depth and nuance to a film whose director appears to have had no appetite for either quality.” (Christopher Orr, The Atlantic)

* “When a movie’s premise is that its subject single-handedly moulded recent history, you want more depth and grandeur than this one provides.” (Matthew Norman, London Evening Standard)

* “It’s an ugly story of corruption, which wears a clown mask to make its horrors more palatable. And it works, both as a comedy and a scathing indictment of Cheney.” (Adam Graham, Detroit News)

* “In Adam McKay’s free-ranging, tone-shifting, darkly funny, super-meta, hit-and-miss, absurdist biopic Vice, Bale nails it as the resilient, backstabbing, front-stabbing, ruthlessly ambitious Cheney.” (Richard Roeper, Chicago Sun-Times)

You can watch the trailer here.

What happens at the moment of death?

Researchers at NYU’s Langone Medical Center conducted a study of patients that have had near-death experiences, and the results were intriguing and chilling. Click here to watch Dr. Sam Parnia, the director of resuscitation research, discuss the findings of this mind-bending study.

And if you would like to believe in reincarnation, click here for a video about the stages of death through the perspective of chakras. Then click here for a TED Talk about consciousness, before and after general anesthesia, that is more satisfactorily scientific.

Sense or Sacrilege?

Often, if my glass of Cabernet is half empty and the bottle of wine I poured it from is completely empty, I open a different bottle and mix the two together in my glass. The object is to see if I like my own blend more or less than the wine in the bottles.

This often upsets those in my company. Particularly those that believe they know something about wine. Their reactions range from mild derision to visible outrage. The sort of reaction they’d get from me if I caught them mixing a fine, single-malt Scotch with Coke.

In response to their reaction, I usually say something like: “Hey! All wines are blends of one kind or another. This one in my glass just happens to be blended by me!”

Of course, as I remind you each time I post an issue, “Were it not for sciolism, I’d have no ideas to share.” So I was pleased last week to come across this little video lesson from the Bonner Private Wine Partnership about blending wines. Click here.

“All human expression – whether it is in music, art, or literature – can be judged according to the same four elements: depth, complexity, subtlety, and elegance. Its content must be deep and complex. And its articulation must be elegant and subtle.” – Michael Masterson

A busker – possibly from the Spanish buscar, meaning “to seek” – is someone who makes a living by passing the hat while entertaining in the street or another public place, often by playing a musical instrument. (See today’s P.S., below.)

AS wrote to weigh in on something I said in the Aug. 5 issue.

I was wondering why we’re being told that, because of global warming and the melting of polar ice, there will be a dramatic rise in ocean water levels. It didn’t make sense to me. After all, the level of water in a glass doesn’t rise when the ice melts.

AS pointed out that when water heats, it expands. “Okay,” I thought. “That’s true. But could that tiny bit of expansion be enough to explain the entire ocean rising by inches, as has been predicted?” I had no answer to that, so I had to look it up. And I found a good explanation for the water glass phenomenon and the melting glacier phenomenon. It’s pretty interesting! Click here.

Something to think about for you unemployed buskers out there…

You can earn your daily bread by standing in a park and entertaining passersby. But you can also – possibly – develop a second stream of income by taping your work, editing it, and posting it on YouTube. (I’ve shown you clips of Allie Sherlock, who became a phenomenon just in the past several years this way. And then there’s Justin Bieber.)

To make this work, you need a gimmick. Here’s one that has been popping up increasingly on YouTube: A busker (usually a guitarist) sets up shop, and invites passersby to sing along with him. This is more interesting than simply playing or singing, because there is an immediate tension: Will the amateurs be any good? When they are especially good, the posted video tends to go viral. So, you edit out the ho-hum performances and publish only the good ones.

In the video below, the busker takes this gimmick one step further: He pretends he doesn’t know the song (Stand by Me) the amateur wants to sing. I don’t believe that for a second, but I’m sure many viewers do. So, when he not only figures out, in mere seconds, how to play it, but riffs on it amazingly, it makes the show that much better.

Watch it here.

Will Office Work Ever Be the Same? 

The government-mandated COVID lockdowns created, almost instantly, a nationwide experiment in remote working. Since the lockdowns ended, supermarkets, big box stores, sports arenas, and airplanes are full again. And yet, office buildings are mostly empty.

One of the half-dozen businesses in which I have an interest shut its headquarters early on and is still operating 100% remotely, with no plans to bring employees back together under one roof. The others kept their offices open, and then, when the lockdowns were lifted, encouraged their employees to return, but without issuing Elon Musk-type mandates.

The soft push hasn’t worked very well. I walked through six buildings last week when I was in Baltimore. Quiet. Empty. Eerie. The workspaces were 80% to 90% unoccupied.

 

Is this a good or a bad thing? 

My partners and I have been debating this since the lockdowns began. As publishers, 95% of our employees work on keyboards. Which means that, in theory, 95% of them can do their work remotely.

There are indisputable advantages to working remotely. For both employees and employers. Employees spend zero time commuting to and from the office. They can work from pretty much anywhere. And most of them have flexibility as to their hours.

For employers, remote working means a significant savings. Not just in rent and/or mortgage payments, but in taxes, utility bills, and a hundred other expenses associated with having dozens or hundreds of employees in the same location.

In these debates, I’ve been mostly on the “Let them work remotely” side. My argument is based on my experience. For one thing, I am more in contact with my partners, colleagues, and employees now through Zoom than I have ever been. Plus, I am saving countless dreary days each year by not flying back and forth to Baltimore and around the rest of the world.

Although I can’t say with certainty that my experience is reflective of most, I have that prejudice. And so, I’ve been resisting any suggestions that we insist on employees getting back to the office five days a week. My gut tells me that one or two mandated office days per week is enough. It allows for some human contact, which is good for building personal trust, without taking on all the extra time and costs of a running a full office.

It’s too early to know for sure how this remote working experiment will turn out, but there is already a fair amount of data that supports it. For example, a recently published report on vacationing Americans found that:

* 60% of professionals are working more on vacations than they did prior to 2020.

* 63% are taking shorter-than-usual vacations.

* 37% are logging on multiple times per day during vacations, up from 19% in 2021.

Another report, this one by Microsoft Teams, saw a 42% rise in chats per person after normal work hours. Yet another one showed that people are saving nearly six hours weekly by commuting less. But they’re also spending half of that saved time… doing more work. (That ties in with my own experience. I’ve been working more hours than I did before. (And this is not a feeling, but a fact. For 20 years, I’ve kept a daily log of my activities.

My Two-Year Prediction

I think the five-day workweek is done for office workers in most industries. I think we’ll be seeing executive employees at their desks on average three days a week. And for employees in the lower ranks – accountants, bookkeepers, customer service reps, salespeople, and data processing people – we’ll be seeing them in the office just once a week.

Behind Amazon’s Growing Revenues 

The government lockdown was good for Amazon. Retail shopping ceased, giving anyone that wasn’t already familiar with Amazon shopping to get used to the ease, simplicity, and value of it.

When demand began increasing exponentially two years ago, I wondered how the quality and punctuality of Amazon’s service would hold up under the extra pressure. And it held up very well. Amazon has maintained its top position in the minds of US consumers as faster, more reliable, and cheap.

This may help explain why Amazon’s digital ad revenue grew 18% year-over-year to $8.76 billion last quarter. More than analysts expected and outpacing Google and Facebook. (In fact, Facebook’s revenue shrank for the first time ever by 1.5%.)

This is a trend that is likely to continue because of several factors:

* Amazon is positioned better for shopping. Users go to Apple for social entertainment. They go to Google to find out something. But they go to Amazon to shop and buy.

* Apple’s recent privacy update, where the company gave users the right to opt out of targeted marketing, has made Apple ad space less attractive to direct-response advertisers.

* As a result of the above, Amazon’s ads are cheaper – about 70% cheaper than Google and 44% cheaper than Facebook.

Fun Fact: Amazon has a virtual product placement tool, meaning it can insert brands into its TV shows and movies in postproduction. Click here.

 

The Good News Part of the Bad News for Warren Buffett

Warren Buffett is considered by many to be the most successful investor of all time. Berkshire Hathaway, his conglomerate of companies and shareholdings, is so large now that it can no longer follow all of the principles that made it so successful in its early years. Still, under Warren Buffett’s and Charlie Munger’s guidance, it’s done remarkably well in recent years.

In the second quarter of this year, for example, it had nearly $10 billion in operating earnings. That was up nearly 40% from the same period last year.

“But wait,” you say. “Its stock portfolio posted a $53 billion loss!”

That’s true. And it sounds bad. But it’s not.

Since the beginning of this year, the stock market generally is down 20%. Even the S&P 500, which is built to better sustain market drops, is down 13%. Meanwhile, Berkshire Hathaway’s stock portfolio is down only 2.5%. By any sensible measure, that’s pretty darn good!

Worth Noting: One reason for the above-average performance of Berkshire Hathaway is Buffett’s appetite for insurance companies and fossil fuels. Since March, he has been adding to its stake in Occidental Petroleum, the best-performing stock in the S&P 500 this year. Click here.

Can This Old Dog Learn This New Trick? 

I’ve been told more than once that I have a rather undiplomatic communication style when talking about business problems and solutions. I’m quick to arrive at a conclusion. I push my opinion strongly. And I’m blunt.

I would describe it as passionate and supportive. That’s how it feels to me. But when it comes to communication, it doesn’t matter what the communicator feels. What matters is how well the message gets across and what, if any, the unintended consequences are.

I’ve been communicating this way for more than 40 years. And with dozens of businesses and hundreds of executives. Overall, it’s worked for me. And for the businesses I’ve grown.

That doesn’t mean a kinder and gentler version of what I do would not have worked better. I don’t know. Neither do my critics.

But I believe – no, I know – that there is a better way to communicate my criticisms and suggestions. And I want to learn. In fact, I’m getting coaching right now from a partner and colleague who is very good at this skill I haven’t yet mastered. So, there’s hope!

I was reminded of my struggle to make the change when I saw this clip about Katelyn Ohashi, the Olympian gymnast whose career was turned around when her coach figured out how to be more supportive. Click here.