magazine article

Want to Invest in Your City? Try the New Kickstarter for Municipal Bonds

Curated on July 7, 2015October 9, 2018 by Stefaan Verhulst

Kyle Chayka’ in Pacific Standard Magazine:“… The San Francisco-based Neighborly launched in 2013 as a kind of community-based Kickstarter, helping users fund projects close to home. But the site recently pivoted toward presenting a better interface for municipal bonds, highlighting investment opportunities with a slick, Silicon Valley-style interface that makes supporting a local infrastructure project as cool as backing a new model of wrist-wearable computer. It’s bringing innovation to a dusty, though increasingly popular, sector. “You’d be shocked to find how much of the [municipal bonds] process is still being done by email and phone calls,” says Rodrigo Davies, Neighborly’s chief product officer. “This market is really not as modern as you would think.”….Neighborly enters into a gray space between crowdfunding and crowd-investing. The former is what we associate with Kickstarter and Indiegogo, which lump together many small donations into totals that can reach into the millions. In crowdfunding, donations are often made for no guaranteed return. Contrary to what it might suggest, Kickstarter isn’t selling any products; it’s just giving users the opportunity to freely give away money for a legally non-binding promise of a reward, often in the form of a theoretical product. …

Crowd-investing, in contrast, exchanges money for equity in a company, or in Neighborly’s case, a city. Shares of stock or debt purchased through crowd-investing ideally result in profit for the holder, though they can hold as much risk as any vaporware crowdfunding project. But crowd-investing remains largely illegal, despite President Obama’s passing of the JOBS Act in early 2012 that was supposed to clear its path to legitimacy.

The obstacle is that the government’s job is to mitigate the financial risks its citizens can take. That’s why Quire, a start-up that allows fans of popular tech businesses to invest in them themselves, is still only open to “accredited investors,” defined by the government as someone “with income exceeding $200,000 in each of the two most recent years” or who has an individual net worth of over $1 million. Legally, a large investment is categorized as too much risk for anyone under that threshold.

That’s exactly the demographic Neighborly is targeting for municipal bonds, which start in minimum denominations of $5,000. “Bond brokers wouldn’t even look at you unless you have $50-100,000 to invest,” Davies says. The new platform, however, doesn’t discriminate. “We’re looking at people who live in the cities where the projects are happening … in their mid-20s to early 40s, who have some money that they want to invest for the future,” he says. “They put it in a bank savings account or invest it in some funds that they don’t necessarily understand. They should be investing to earn better returns, but they’re not necessarily experienced with financial markets. Those people could benefit a ton from investing in their cities.”…(More)

Crowdsourced website flags up sexism in the workplace

Curated on May 13, 2015August 3, 2018 by Stefaan Verhulst

Springwise: “Female jobseekers can now review the treatment of women in their potential workplace via an online platform called InHerSight. The website collates anonymous reviews from former and current employees — both male and female — so that women can find out more about the company’s policies, office culture and other potential issues before applying for or accepting a job there.

A recent survey by Cosmopolitan magazine found that one in three women are sexually harassed at work and InHerSight enables those women to communicate misconduct and other problematic corporate policies. Importantly, they can do so without fear of recrimination or consequence, since the scorecards are entirely anonymous. Users can complete surveys about their experience at any given company — either adding to an existing score or creating a new profile — by scoring them on 14 categories including their stance on maternity leave, flexible work hours and female representation in top positions. They can also leave a written review of the company. The crowdsourced data is then used to create comprehensive scorecards for other users to view.

Founder Ursula Mead envisions the site as a TripAdvisor for women in the workplace and hopes that by holding companies accountable for their support for women, it will encourage them to review and improve their treatment….(More)”

Wittgenstein, #TheDress and Google’s search for a bigger truth

Curated on March 6, 2015November 20, 2018 by Stefaan Verhulst

Robert Shrimsley at the Financial Times: “As the world burnt with a BuzzFeed-prompted debate over whether a dress was black and blue or white and gold, the BBC published a short article posing the question everyone was surely asking: “What would Wittgenstein say about that dress?”

Wittgenstein died in 1951, so we cannot know if the philosopher of language, truth and context would have been a devotee of BuzzFeed. (I guess it depends on whether we are talking of the early or the late Ludwig. The early Wittgenstein, it is well known, was something of an enthusiast for LOLs, whereas the later was more into WTFs and OMGs.)

The dress will now join the pantheon of web phenomena such as “Diet Coke and Mentos” and “Charlie bit my finger”. But this trivial debate on perceived truth captured in miniature a wider issue for the web: how to distil fact from noise when opinion drowns out information and value is determined by popularity.

At about the same time as the dress was turning the air blue — or was it white? — the New Scientist published a report on how one web giant might tackle this problem, a development in which Wittgenstein might have been very interested. The magazine reported on a Google research paper about how the company might reorder its search rankings to promote sites that could be trusted to tell the truth. (Google produces many such papers a year so this is a long way short of official policy.) It posits a formula for finding and promoting sites with a record of reliability.

This raises an interesting question over how troubled we should be by the notion that a private company with its own commercial interests and a huge concentration of power could be the arbiter of truth. There is no current reason to see sinister motives in Google’s search for a better web: it is both honourable and good business. But one might ask how, for example, Google Truth might determine established truths on net neutrality….

The paper suggests using fidelity to proved facts as a proxy for trust. This is easiest with single facts, such as a date or place of birth. For example, it suggests claiming Barack Obama was born in Kenya would push a site down the rankings. This would be good for politics but facts are not always neutral. Google would risk being depicted as part of “the mainstream media”. Fox Search here we come….(More)”

This vending machine will deny you snacks based on medical records

Curated on December 17, 2014August 15, 2018 by Stefaan Verhulst

Springwise: “Businesses often stand by the motto ‘the customer is always right’ — but are they? We’ve already seen a few services that deny consumers what they want based on their personal info. For example, Billboard Brasil’s Fan Check Machine only gave out copies of the music magazine if the buyer could prove they owned tracks by the artist on the cover. Now the Luce X2 Touch TV vending machine uses facial recognition and customers’ medical records to determine if they should be allowed to buy an unhealthy snack.
Created by Italy-based Rhea Vendors and recently launched in the UK, the machine features a 22-inch touchscreen display that lets customers to select an item just like a standard vending machine. However, before the snack is released customers with an account can go through a facial recognition check.
The technology detects the customer’s age, build and mood in order to determine whether the purchase is a wise decision. The machine can also be programmed to access information about the user’s medical records and purchase history. If the algorithms decide that purchasing a coffee with 3 sugars or the fourth candy bar of the day is a bad idea for their health or mood, it can refuse to vend the product.
While some customers won’t appreciate their private data being analyzed or getting rejected by a lifeless machine, the idea could be a savior for those on a diet….(More).

HyperCities: Thick Mapping in the Digital Humanities

Curated on December 16, 2014August 3, 2018 by Stefaan Verhulst

Book by Todd Presner, David Shepard, Yoh Kawano: “The prefix “hyper” refers to multiplicity and abundance. More than a physical space, a hypercity is a real city overlaid with information networks that document the past, catalyze the present, and project future possibilities. Hypercities are always under construction.
Todd Presner, David Shepard, and Yoh Kawano put digital humanities theory into practice to chart the proliferating cultural records of places around the world. A digital platform transmogrified into a book, it explains the ambitious online project of the same name that maps the historical layers of city spaces in an interactive, hypermedia environment. The authors examine the media archaeology of Google Earth and the cultural–historical meaning of map projections, and explore recent events—the “Arab Spring” and the Fukushima nuclear power plant disaster—through social media mapping that incorporates data visualizations, photographic documents, and Twitter streams. A collaboratively authored and designed work, HyperCities includes a “ghost map” of downtown Los Angeles, polyvocal memory maps of LA’s historic Filipinotown, avatar-based explorations of ancient Rome, and hour-by-hour mappings of the Tehran election protests of 2009.
Not a book about maps in the literal sense, HyperCities describes thick mapping: the humanist project of participating and listening that transforms mapping into an ethical undertaking. Ultimately, the digital humanities do not consist merely of computer-based methods for analyzing information. They are a means of integrating scholarship with the world of lived experience, making sense of the past in the layered spaces of the present for the sake of the open future.”

Surprise! Creativity in the Public Sector

Curated on December 14, 2014August 15, 2018 by Stefaan Verhulst

Jes Howen McBride at Good Magazine: “….As a watchword, “innovation” has been slow to infiltrate the public sector. We are a nation of private inventors and public regulators. However, while this bizarre gem of a cover page may not signify a major event, I see it as an indicator of where the public sector is headed. In an interview with the Los Angeles Times, a CalTrans supervisor said of the cover, “This was an innovative project… We wanted people to notice the document and open it up.” And it worked. This “innovative project” brought attention to the 1,300-page report, which was not mentioned in local media until people noticed the unconventional cover page.

Less than a month later, the mayor of Los Angeles perpetuated the theme of public sector ingenuity by announcing an “Innovation Fund.” The Fund will support creative solutions proposed not by professionals in the art or tech industries, but by city employees. Anyone from janitors to general managers will be able to submit original ideas to improve the status quo. This initiative acknowledges the innovative potential in city staff and, moreover, provides funding to effectively tap into that potential.
The idea of creative change within the public sector aligns with the philosophy behind the Startup Cities Institute. Their model encourages unconventional ideas to be implemented by cities on a small scale to find solutions to problems in governance, infrastructure, and similar challenges. The key concept in this approach is that innovation comes not only from outside city hall, but from inside as well. Even though planners love guerrilla urbanism, it’s pretty spectacular when city government pulls off a good surprise. Some of my favorite “surprise-innovations” are New York’s Time Square beach chairs, Bogata’s traffic control mimes, and Hans Monderman’s naked streets, all conceived and executed by the public sector.
Innovative acts can be found everywhere. I have many friends in creative industries, but also some who are nurses, teachers, social workers, and full-time parents, and they are among the most creative people I know. I work for the City of Los Angeles in the Planning Department. I have seen the political and logistical challenges that the public sector is up against, but I am convinced that we can meet these challenges with novel ideas, fresh perspectives, and unconventional approaches. (And maybe some ‘90s clip art.) We can serve the public as well as delight them. That is the future of public service.…”

4 Tech Trends Changing How Cities Operate

Curated on December 12, 2014August 3, 2018 by Stefaan Verhulst

Tod Newcombe at Governing: “Louis Brandeis famously characterized states as laboratories for democracy, but cities could be called labs for innovation or new practices….When Government Technology magazine (produced by Governing’s parent company, e.Republic, Inc.) published its annual Digital Cities Survey, the results provided an interesting look at how local governments are using technology to improve how they deliver services, increase production and streamline operations…the survey also showed four technology trends changing how local government operates and serves its citizens:

1. Open Data

…Big cities were the first to open up their data and gained national attention for their transparency. New York City, which passed an open data law in 2012, leads all cities with more than 1,300 data sets open to the public; Chicago started opening up data to the public in 2010 following an executive order and is second among cities with more than 600; and San Francisco, which was the first major city to open the doors to transparency in 2009, had the highest score from the U.S. Open Data Census for the quality of its open data.
But the survey shows that a growing number of mid-sized jurisdictions are now getting involved, too. Tacoma, Wash., has a portal with 40 data sets that show how the city is spending tax dollars on public works, economic development, transportation and public safety. Ann Arbor, Mich., has a financial transparency tool that reveals what the city is spending on a daily basis, in some cases….

2. ‘Stat’ Programs and Data Analytics

…First, the so-called “stat” programs are proliferating. Started by the New York Police Department in the 1980s, CompStat was a management technique that merged data with staff feedback to drive better performance by police officers and precinct captains. Its success led to many imitations over the years and, as the digital survey shows, stat programs continue to grow in importance. For example, Louisville has used its “LouieStat” program to cut the city’s bill for unscheduled employee overtime by $23 million as well as to spot weaknesses in performance.
Second, cities are increasing their use of data analytics to measure and improve performance. Denver, Jacksonville, Fla., and Phoenix have launched programs that sift through data sets to find patterns that can lead to better governance decisions. Los Angeles has combined transparency with analytics to create an online system that tracks performance for the city’s economy, service delivery, public safety and government operations that the public can view. Robert J. O’Neill Jr., executive director of the International City/County Management Association, said that both of these tech-driven performance trends “enable real-time decision-making.” He argued that public leaders who grasp the significance of these new tools can deliver government services that today’s constituents expect.

3. Online Citizen Engagement

…Avondale, Ariz., population 78,822, is engaging citizens with a mobile app and an online forum that solicits ideas that other residents can vote up or down.
In Westminster, Colo., population 110,945, a similar forum allows citizens to vote online about community ideas and gives rewards to users who engage with the online forum on a regular basis (free passes to a local driving range or fitness program). Cities are promoting more engagement activities to combat a decline in public trust in government. The days when a public meeting could provide citizen engagement aren’t enough in today’s technology-dominated world. That’s why social media tools, online surveys and even e-commerce rewards programs are popping up in cities around the country to create high-value interaction with its citizens.

4. Geographic Information Systems

… Cities now use them to analyze financial decisions to increase performance, support public safety, improve public transit, run social service activities and, increasingly, engage citizens about their city’s governance.
Augusta, Ga., won an award for its well-designed and easy-to-use transit maps. Sugar Land, Texas, uses GIS to support economic development and, as part of its citizen engagement efforts, to highlight its capital improvement projects. GIS is now used citywide by 92 percent of the survey respondents. That’s significant because GIS has long been considered a specialized (and expensive) technology primarily for city planning and environmental projects….”

Could digital badges clarify the roles of co-authors?

Curated on November 6, 2014August 15, 2018 by Stefaan Verhulst

Dalmeet Singh Chawla at AAAS Science Magazine: “Ever look at a research paper and wonder how the half-dozen or more authors contributed to the work? After all, it’s usually only the first or last author who gets all the media attention or the scientific credit when people are considered for jobs, grants, awards, and more. Some journals try to address this issue with the “authors’ contributions” sections within a paper, but a collection of science, publishing, and software groups is now developing a more modern solution—digital “badges,” assigned on publication of a paper online, that detail what each author did for the work and that the authors can link to their profiles elsewhere on the Web.

Those organizations include publishers BioMed Central and the Public Library of Science; The Wellcome Trust research charity; software development groups Mozilla Science Lab (a group of researchers, developers, librarians, and publishers) and Digital Science (a software and technology firm); and ORCID, an effort to assign researchers digital identifiers. The collaboration presented its progress on the project at the Mozilla Festival in London that ended last week. (Mozilla is the open software community behind the Firefox browser and other programs.)
The infrastructure of the badges is still being established, with early prototypes scheduled to launch early next year, according to Amye Kenall, the journal development manager of open data initiatives and journals at BioMed Central. She envisions the badge process in the following way: Once an article is published, the publisher would alert software maintained by Mozilla to automatically set up an online form, where authors fill out roles using a detailed contributor taxonomy. After the authors have completed this, the badges would then appear next to their names on the journal article, and double-clicking on a badge would lead to the ORCID site for that particular author, where the author’s badges, integrated with their publishing record, live….
The parties behind the digital badge effort are “looking to change behavior” of scientists in the competitive dog-eat-dog world of academia by acknowledging contributions, says Kaitlin Thaney, director of Mozilla Science Lab. Amy Brand, vice president of academic and research relations and VP of North America at Digital Science, says that the collaboration believes that the badges should be optional, to accommodate old-fashioned or less tech-savvy authors. She says that the digital credentials may improve lab culture, countering situations where junior scientists are caught up in lab politics and the “star,” who didn’t do much of the actual research apart from obtaining the funding, gets to be the first author of the paper and receive the most credit. “All of this calls out for more transparency,” Brand says….”