Sanchez on Netflix

Lynne Kiesling You probably received the same apologetic email from Reed Hastings of Netflix that I did on Monday, stating the impending decision to split Netflix’s streaming business and its DVD subscription business. Foresightful or bad business decision, PR nightmare, or all of the above? The best analysis of its likely drivers and impacts is … More Sanchez on Netflix

Resiliency comes from more risk of bank failure, not less

Lynne Kiesling In the always-smart-and-interesting City AM paper from London, Anthony Evans makes an important argument that has been overlooked in financial regulation debates: risk of failure is what creates system resilience, and regulation creates brittle monocultures. He writes in the context of last week’s Independent Commission on Banking (ICB) recommendations for creating regulatory divisions … More Resiliency comes from more risk of bank failure, not less

ProPublica gets the establishment view on the Arizona-SoCal blackout, the establishment says it needs more money and authority

Michael Giberson At ProPublica, Ariel Wittenburg assesses the meaning of the early September blackout affecting parts of Arizona, Southern California, and Northern Mexico. The proximate cause was substation maintenance in Yuma, Arizona and an apparent fault in protective systems that should have kept surrounding lines running during maintenance. As these systems failed, the disturbance reached … More ProPublica gets the establishment view on the Arizona-SoCal blackout, the establishment says it needs more money and authority

Economist’s Babbage column on network reliability

Lynne Kiesling The usually-reliable Babbage columnist at the Economist has written a misguided commentary on last week’s power outage in San Diego and its broader implications (and, unfortunately, Glenn has picked it up on Instapundit, which will magnify the effects of its misguidedness). He starts by summarizing what’s known about the fault that led to … More Economist’s Babbage column on network reliability

Yergin on oil, II

Michael Giberson I second Lynne’s recommendation of Yergin’s column in the Saturday Wall Street Journal. On the topic of Hubbert’s peak and peak oil generally, I particularly recommend these two paragraphs: Hubbert insisted that price didn’t matter. Economics—the forces of supply and demand—were, he maintained, irrelevant to the finite physical cache of oil in the … More Yergin on oil, II