Weekly reading – 9th January 2021

What I wrote last week

My review of the NYTimes as a business

If you haven’t heard of MDSave, read about my experience with it and how it can save you money

I talked about why I thought Apple’s Services have just only begun

Business

In the Face of Lockdown, China’s E-Commerce Giants Deliver

Consumer spending on the App Store reached $72 billion, compared to almost $39 billion generated on Google Play

A merchant detailed his dealing with Amazon. It’s mind-blowing to see how much Amazon charges merchants for being on their site and how much these merchants rely on the behemoth for revenue. While the total commission is high, that’s the price to pay when you don’t own the customer relationship.

Autodesk's sales growth after its SaaS transition
Source: Polen Capital

Technology

EV vehicles’ market share in France hit 19%, up 6x YoY

South Korea has 11 million 5G subscribers

Facebook published usage stats of their apps on New Year’s Eve. More than 1.4 billion voice and video calls were made on Whatsapp on New Year’s Eve

What I found interesting

The Eerie Beauty Of The Apple Watch Solar Face, And The Anatomy Of Nightfall

Hawaii beaches face the threat of erosion

Weekly readings – 26th September 2020

What I wrote

Some data points and arguments in favor of Apple and its App Store guidelines

My review of the book: The Psychology of Money

Business

How Wegmans Keeps Winning

A bear case on Microsoft Azure

Innovation is rampant in the fintech world and this new idea for a credit card is one of them

An investigative piece on how Mark Zuckerberg responded to criticisms from his own ranks

The SaaS Financial Model You’ll Actually Use

Technology

The secret history of Windows on Surface Duo

Adobe introduced Liquid Mode in even Free Adobe Acrobat Reader! It makes changing a PDF’s content so much easier. Try it out!

What I found interesting

In the last 30 years, under-5 child mortality rate has dropped from 93 per 1000 children in 1990 to about 38 in 2019. A remarkable achievement

About a special Japanese citrus

South Korea managed to contain the pandemic while minimizing the impact on its economy. WSJ had an interesting piece on how it did so

Weekly readings – 28th March 2020

2020 economic apocalypse for small businesses

How WeChat, TikTok and Chinese Consumers Are Disrupting and Personalizing Luxury

Traffic and Pollution Plummet as U.S. Cities Shut Down for Coronavirus

How South Korea Solved Its Acute Hospital-Bed Shortage

A critical and accurate (imo) critique of a medium blog post that was deceptive, yet went viral.

JP Morgan’s research on small business cash liquidity

UK Tech for a changing world

How Spanish flu helped create Sweden’s modern welfare state

Why don’t we just ban targeted advertising?

Buying During a Crisis

Yearbook on Venture Capital in the US

How 3M Plans to Make More Than a Billion Masks By End of Year

The debt to the truth & the fatal lesson we didn’t seem to learn

The last episode of Chernobyl was aired on Monday and yet it has still been on my mind since. The quality of the episode is unbelievable and bettered only by the message it carries. The importance of the truth. The cost we pay for lies.

Here is a clip in which how a nuclear core works and how negligence, coupled with greed, set up the cause for one of the most tragic incidents in humans’ history.

This speech from Legasov explains that it is not incompetence that caused the reactor core explosion. It’s the lies we tell each other.

“When the truth offends, we lie and lie until we can no longer remember it’s even there. But it is still there. Every lie we tell incurs a debt to the truth. Sooner or later, the debt is paid. That is how an RBMK reactor core explodes. Lies”

What is even more shocking is that we as humans don’t seem to learn from our lesson. Technology Review reported on the egregious behavior of KHNP, a nuclear affiliate of Korea Nuclear Power Corporation.

“On September 21, 2012, officials at KHNP had received an outside tip about illegal activity among the company’s parts suppliers. By the time President Park had taken office, an internal probe had become a full-blown criminal investigation. Prosecutors discovered that thousands of counterfeit parts had made their way into nuclear reactors across the country, backed up with forged safety documents. KHNP insisted the reactors were still safe, but the question remained: was corner-cutting the real reason they were so cheap?

After the Chernobyl disaster in 1986, most reactor builders had tacked on a slew of new safety features. KHNP followed suit but later realized that the astronomical cost of these features would make the APR1400 much too expensive to attract foreign clients.

“They eventually removed most of them,” says Park, who now teaches nuclear engineering at Dongguk University. “Only about 10% to 20% of the original safety additions were kept.”

Most significant was the decision to abandon adding an extra wall in the reactor containment building—a feature designed to increase protection against radiation in the event of an accident. “They packaged the APR1400 as ‘new’ and safer, but the so-called optimization was essentially a regression to older standards,” says Park. “Because there were so few design changes compared to previous models, [KHNP] was able to build so many of them so quickly.”

Having shed most of the costly additional safety features, Kepco was able to dramatically undercut its competition in the UAE bid, a strategy that hadn’t gone unnoticed. After losing Barakah to Kepco, Areva CEO Anne Lauvergeon likened the Korean unit to a car without airbags and seat belts. When I told Park this, he snorted in agreement. “Objectively speaking, if it’s twice as expensive, it’s going to be about twice as safe,” he said. At the time, however, Lauvergeon’s comments were dismissed as sour words from a struggling rival.On September 21, 2012, officials at KHNP had received an outside tip about illegal activity among the company’s parts suppliers. By the time President Park had taken office, an internal probe had become a full-blown criminal investigation. Prosecutors discovered that thousands of counterfeit parts had made their way into nuclear reactors across the country, backed up with forged safety documents. KHNP insisted the reactors were still safe, but the question remained: was corner-cutting the real reason they were so cheap?”

It’s not just other countries. The US is reportedly not very careful with nuclear warheads in the country, as Last Week Tonight reported