Category: Activities (Page 36 of 48)

Activities are gatherings that occur on a regular schedule, usually weekly, to enjoy a specific pastime.

Hiking Devil’s Den Preserve Friday, Oct 13, 2017 10:00am

Devil’s Den Hike Postponed to Friday, October 13, at 10 a.m.
Rain is expected tonight.
Even though tomorrow may be a clear day, the trails at Devil’s Den will still be wet and slippery.
Therefore, the hike is postponed to Friday, October 13, which will be beautiful and sunny. A perfect fall day for hiking.
For questions, contact Sunil Saksena (293) 561-8601, ssaksena44@gmail.com

We will be hiking the trails at Devil’s Den Preserve in Weston on Thursday, October 12, with a 10 am start. This is the largest nature preserve in SW Connecticut and extremely popular with hikers. Owned by the Nature Conservancy, its has 1700 acres of woodlands, wetlands, ponds and streams, and 20 miles of picturesque trails. It is home to 145 species of birds, 20 species of mammals, and over 400 varieties of trees and wildflowers.

We will be hiking a loop of about 3.5 miles.This trail has a moderate level of difficulty in that there are places of gradual uphill, but these are usually followed by long stretches of flat trail.  You do need sturdy shoes as the trail is rocky in places.

The hike will last about 2-2 ½ hours and will give us ample opportunity to bathe in the forest air.  I mention this because the Japanese believe hiking is good for one’s health, not just because of the exercise involved, but also because it gives one the opportunity to breathe the forest air which is swirling with healthful compounds released by the trees.

After the hike, at about 12.30pm,we will have lunch at a nearby restaurant, Wiremill Saloon and Barbeque, which is a local favorite and a short drive away.  It is located at 12 Old Mill Road,
Redding.

A usual, we welcome spouses and significant others on our hikes.

Directions
Take Exit 42 off the Merritt Parkway and at the bottom of exit ramp make a right turn onto Route 57 North towards Weston. After 3.8 miles, at the flashing light bear right to follow CT-53 for 1.7 miles. Turn left on Godfrey Road West and drive half a mile. Make right on to Pent Road which ends in the parking lot for Devil’s Den.

On Google Maps use this destination address : 33 Pent Road, Weston

Contact : Sunil Saksena 203-561-8601 (cell) ssaksena44@gmail.com

December 14, 2017
Current Affairs Discussion
Drug Prices

Leader: Sunil Saksena
Drug Pricing–Tentative Discussion Outline for Dec 14, 2017

1.What is the evidence that drug prices in the US are too high?
2.Why are they high and how are prices set ?  ( a brief case study to be presented by Charles Goodyear)
3.Pharmaceutical companies justify their prices as necessary to fund their high R and D expenses.—-the case for and against this argument.
4.what can be done to lower prices?  What do other countries do? What can the US do?
5. What is an appropriate price for a drug? Is value based pricing appropriate and who decides?

The Problem Document that drug prices are higher in the US than anywhere else
Why are they higher and how are prices set ? Compare US with foreign countries
Pharmaceutical Cos justify high prices needed to support high R&D expenditure- the case for and against
What can be done to lower them? What do other countries do? In the US it seems a combination of modifying patent law, FDA approval process,some regulatory changes, allowing certain imports, and allowing Govt negotiated Medicare drug prices, could hel lower prices.
What is an “appropriate “ price for a drug? A value based approach. Who decides?

The High Cost of Prescription Drugs in the United States
Origins and Prospects for Reform
https://dariendma.org//wp-content/uploads/Drug-Prices.pdf

https://www.bloomberg.com/graphics/2015-drug-prices/

https://www.nytimes.com/2015/09/21/business/a-huge-overnight-increase-in-a-drugs-price-raises-protests.html?_r=0

http://www.reuters.com/article/us-pharmaceuticals-usa-comparison/exclusive-transatlantic-divide-how-u-s-pays-three-times-more-for-drugs-idUSKCN0S61KU20151012

https://www.economist.com/blogs/economist-explains/2016/09/economist-explains-2

https://www.ftc.gov/sites/default/files/documents/reports/pay-delay-how-drug-company-pay-offs-cost-consumers-billions-federal-trade-commission-staff-study/100112payfordelayrpt.pdf

https://www.fda.gov/AboutFDA/CentersOffices/OfficeofMedicalProductsandTobacco/CDER/ucm129385.htm

https://www.ftc.gov/sites/default/files/documents/reports/agreements-filed-federal-trade-commission-under-medicare-prescription-drug-improvement-and/130117mmareport.pdf

http://www.newsweek.com/prescription-drug-pricing-569444

IQ2US: Health care costs in the U.S. are some 18 percent of GNP, nearly double what other rich countries spend. We read of drug therapies that cost $100,000 a year or more, and of drug price increases that are 6 times the rate of inflation, on average, and often much more when mergers reduce competition in the industry. Is this a major driver of excessive health care costs? Or is it a by-product of the huge costs of getting new drugs approved? Has big pharma delivered drugs that reduce the need for costly surgeries, which extend life and improve its quality? Or do they deserve the blame that has been leveled against them?

https://www.intelligencesquaredus.org/debates/blame-big-pharma-out-control-health-care-costs

https://www.marketwatch.com/story/six-tips-for-fighting-rising-prescription-drug-costs-2015-09-15

http://www.healthaffairs.org/doi/pdf/10.1377/hlthaff.2012.1252

http://annals.org/aim/fullarticle/2506848/stemming-escalating-cost-prescription-drugs-position-paper-american-college-physicians

http://www.csrxp.org/wp-content/uploads/2016/04/CSRxP-Policy-Platform-Summary.pdf

https://www.aarp.org/content/dam/aarp/health/healthy-living/2017/04/drug-prices-download-final.pdf

https://www.healthaffairs.org/do/10.1377/hblog20140214.037238/full/

https://www.fda.gov/AboutFDA/Transparency/Basics/ucm194904.htm

An article about how and why some drugs are less expensive paying cash vs through insurance:
https://www.nytimes.com/2017/12/09/health/drug-prices-generics-insurance.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region&region=top-news&WT.nav=top-news&_r=0

https://www.bloomberg.com/news/features/2017-12-20/the-loopholes-drug-companies-use-to-keep-prices-high

November 16, 2017
Current Affairs Discussion
Corporate Tax Reform Policy

Leader: Harvey Mogenson

 

Discussion outline:

Part I – Brief example/ discussion of the current corporate tax system as a basis to compare the Tax Reform Proposals.  This would include the concepts of a) tax rules applicable to a US corporation vs a foreign corporation/subsidiary; b) what does “effective tax rate” mean; c) the historical trend away from corporations to pass-throughs.  (We only need this last item if we want to touch upon why there are proposals for special business rates for individuals.)
Part II – Discuss the proposals for a lower corporate tax rate and the major “offsets”.  (We could even compare the “offsets” with the current list of tax expenditures to see where the offsets came from.)
Part III – Discuss the proposals for a “territorial system” applicable to dividends from foreign subsidiaries.  This would focus on “deferral” vs “exemption” and probably some discussion of global competition.

ESTIMATES OF FEDERAL TAX EXPENDITURES FOR FISCAL YEARS 2016-2020
https://dariendma.org//wp-content/uploads/Tax-1.pdf

Tax Cuts and Jobs Act H.R. 1 Section-by-Section Summary
https://dariendma.org//wp-content/uploads/Tax-2.pdf

Corporate Income Tax Rates around the World, 2017
https://dariendma.org//wp-content/uploads/Tax-3.pdf

Labor Bears Much of the Cost of the Corporate Tax
https://dariendma.org//wp-content/uploads/Tax-4.pdf

An Overview of Pass-through Businesses in the United States
https://dariendma.org//wp-content/uploads/Tax-5.pdf

International Comparision of Effective Corporate Tax Rates
https://dariendma.org//wp-content/uploads/Tax-6.pdf

Policy Perspectives
Ernst & Young LLP’s rapid response to the House Ways and Means Committee’s tax reform
draft bill, “The Tax Cuts and Jobs Act”
https://dariendma.org//wp-content/uploads/Tax-7.pdf

A Turnabout on Corporate Taxes
https://www.wsj.com/article_email/a-turnabout-on-corporate-taxes-1508883600-lMyQjAxMTE3MzA1NjgwNTY4Wj/

Republican Plan: Tax People, Not Companies
https://www.wsj.com/article_email/gop-goes-with-the-global-flow-tax-people-not-companies-1509554364-lMyQjAxMTI3MzA2NjIwNjY0Wj/

Historical background and European VAT taxes.
https://www.bloomberg.com/news/features/2017-11-09/how-to-break-out-of-our-long-national-tax-nightmare

Senate Tax Reform Bill
https://dariendma.org//wp-content/uploads/11.9.17-Chairmans-Mark.pdf

Happy Wanderers Walk over the Hudson River, September 21, 2017

Happy Wanderers — Walkway Over the Hudson River – 21 September, 2017

This will be the first Wandering of our fall semester.

The Walkway, now a New York State Park, was opened by the New Haven Railroad in 1889 as a rail bridge from Poughkeepsie to Highland, NY, where it connected New England with other rail lines to the West and South. In 1974 a fire made the bridge unusable; and, until it was reconfigured in 2009 as the world’s longest pedestrian walkway, it went unused.

 

As you can see from the pictures, the views are spectacular.

We will carpool from the DCA to the Walkway parking area in Poughkeepsie, on Tuesday, September 19, departing at 8:45 a.m. Please gather in the back parking area, near the Greenhouse. We will set up the car pooling there, and the remaining cars will be parked there.

Driving directions will be provided for each car. For GPS users, the address of the parking area for the Walkway is 61 Parker Avenue, Poughkeepsie, NY, 12601.

We expect that the driving time to the Parking Area in Poughkeepsie will be about an hour and a half. Our walk itself, including pit stops and a pause for a libation should take about two to three hours.

We then plan to go to lunch at the nearby Culinary Institute, at one of the dining places on its campus that does not require reservations. After lunch, we shall go directly home, and expect to be back at the DCA at about 4:30.

The weather is expected to be sunny, so bring a hat and some sun-block.

For questions, please call Joe Spain

Group picture of the Wandering:

Hiking in New Canaan
Friday, September 15, 2017
10:00 am  

We will be hiking two properties in New Canaan on Septembr 15. Both are easily accessible and are a short drive from Darien. Both are rated C+ on the level of difficulty scale used to grade hikes (for a fuller description of this rating click on the Hiking tab   on the DMA website). This means that the terrain is relatively flat, but the trails may occasionally be strewn with rocks and roots. So one  has to exercise some care in traversing these trails, but other than that, they are relatively easy and should appeal even to the novice hiker.

The first property we will be hiking is the Hicks Kelley Audubon property owned by the New Canaan Land Trust. This T-shaped property is approximately 40 acres with just under two miles of interesting trails.

Following this hike we will take a short drive to the second property,the 80 acre Waveney Park, which is owned by the Town of New Canaan. Here the trail loop is about 1.5 miles and serenely beautiful.

 

 

 

 
After completing both trails we will head downtown for lunch at Restaurant  Chef Luis (129 Elm St., New Canaan)

We meet at 10 am on Friday, Septemeber 15 at the Hicks Kelley property, the entrance to which is adjacent to mailbox of house no. 161 on  Cedar Lane.

Driving instructions: Off the north-bound Merritt Parkway take exit 38. At bottom of the exit ramp make a right turn and after 0.3 miles( that is, at the second light) turn right onto Carter Road. Proceed 1.3 miles on Carter, then make a right turn on to Dabney Road ( this turn is at 409 Carter Rd).  Bear left at the fork and Dabney becomes Cedar Lane . Park along the road near 161 Cedar. It shouldnt take more than 5-6 minutes once you get off the Merritt.

Direction from Hicks Kelley to Waveney Park (which is off Exit 37) will be handed out on site.

These two hikes are relatively easy and have have been selected to encourage maximum particpation and to provide a warm up to the more challenging hikes to come. In addition to our regulars, we are hoping to entice some newcomers to give hiking a try.

Contact: Sunil Saksena, 203-561-8601, ssaksena44@gmail.com

Book Club: A Gentleman in Moscow by Amor Towles, Jan 10, 2018

A New York Times bestseller “The same gorgeous, layered richness that marked Towles’ debut, Rules of Civility, shapes [A Gentleman in Moscow]” – Entertainment Weekly   “Elegant… as lavishly filigreed as a Fabergé egg” – O, the Oprah Magazine   He can’t leave his hotel. You won’t want to.   From the New York Times bestselling author of Rules of Civility—a transporting novel about a man who is ordered to spend the rest of his life inside a luxury hotel  In 1922, Count Alexander Rostov is deemed an unrepentant aristocrat by a Bolshevik tribunal, and is sentenced to house arrest in the Metropol, a grand hotel across the street from the Kremlin. Rostov, an indomitable man of erudition and wit, has never worked a day in his life, and must now live in an attic room while some of the most tumultuous decades in Russian history are unfolding outside the hotel’s doors. Unexpectedly, his reduced circumstances provide him entry into a much larger world of emotional discovery. Brimming with humor, a glittering cast of characters, and one beautifully rendered scene after another, this singular novel casts a spell as it relates the count’s endeavor to gain a deeper understanding of what it means to be a man of purpose. “And the intrigue! … [A Gentleman in Moscow] is laced with sparkling threads (they will tie up) and tokens (they will matter): special keys, secret compartments, gold coins, vials of coveted liquid, old-fashioned pistols, duels and scars, hidden assignations (discreet and smoky), stolen passports, a ruby necklace, mysterious letters on elegant hotel stationery… a luscious stage set, backdrop for a downright Casablanca-like drama.” – The San Francisco Chronicle From the Hardcover edition

Here is a video tour of the Hotel Metropol (courtesy of Charles Salmans)

https://www.youtube.com/watch?v=NPkLFmUiTjo

An interview with the author by the WSJ:
https://www.youtube.com/watch?v=mUXlagGIH18

Amor Towles’ website has some interesting discussion:
http://www.amortowles.com/

Latvian Stew: Mentioned on page 97
The author points to this recipe (there are others).

PORK STEW WITH DRIED APRICOTS AND PRUNES

(Svinina v Kislo-Sladkom Souse)

SERVES 6 — 8

As the apricots and prunes cook, some of them will fall apart and thicken the sauce. Serve this stew accompanied by boiled potatoes, buttered and garnished with chopped parsley, if you like.

3 lbs. boneless pork shoulder,
trimmed and cut into 1″ pieces
Salt and freshly ground black pepper
6 tbsp. vegetable oil
6 carrots, peeled, trimmed, and
sliced crosswise
4 tbsp. tomato paste
1 cup dried apricots
1 lb. white boiling onions, peeled,
each cut into 6 wedges
1 cup pitted prunes

1. Season pork with salt and pepper. Heat 3 tbsp. of the oil in a large heavy-bottomed pot over medium-high heat. Add pork and cook, stirring occasionally, until meat releases its juices and is no longer pink all over, about 5 minutes. Add carrots and cook until slightly tender, about 5 minutes. Stir in tomato paste and 5 cups of water, then add apricots. Bring to a boil, reduce heat to medium-low, and gently simmer, uncovered, for 45 minutes.

Another recipe that looks good from Epicurious:
https://www.epicurious.com/recipes/food/views/pork-stew-with-apricots-and-prunes-2559
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On page 133 The Count quickly notes that a number, 1,173 is not prime by using the Divisibility by 3 Theorem.  That is if the sum of the digits of a number are divisible by 3 (or 9) then the number is divisible by three (or 9), hence, not prime.   The book’s example: 1+1+7+3 =12 is divisible by 3 so, according to the theorem, 1,173 is divisible by 3.

Here is an informal proof.

Suppose that you have a four-digit number N that is written abcd. and a+b+c+d is divisible by 3.  Then

N=1000a+100b+10c+d=(999+1)a+(99+1)b+(9+1)c+d=(999a+99b+9c)+(a+b+c+d)=3(333a+33b+3c)+(a+b+c+d)
so when you divide N by 3, you’ll get

333a+33b+3c+(a+b+c+d) /3.  But since a+b+c+d was divisible by 3, the 3 in the denominator cancels out and the remainder is an integer..  Hence N is divisible by 3 and not prime.

Book Club: Dereliction of Duty by H.R. McMaster, December 13, 2017

From respected Lieutenant General and Trump Administration National Security Adviser H. R. McMaster, an authoritative, highly critical analysis of the arrogance, deception, and controversial decisions at the highest level of government that led to America’s involvement in the Vietnam War. “The war in Vietnam was not lost in the field, nor was it lost on the front pages of the New York Times or the college campuses. It was lost in Washington, D.C.” —H. R. McMaster (from the Conclusion) Dereliction Of Duty is a stunning analysis of how and why the United States became involved in an all-out and disastrous war in Southeast Asia. Fully and convincingly researched, based on transcripts and personal accounts of crucial meetings, confrontations and decisions, it is the only book that fully re-creates what happened and why. McMaster pinpoints the policies and decisions that got the United States into the morass and reveals who made these decisions and the motives behind them, disproving the published theories of other historians and excuses of the participants. A page-turning narrative, Dereliction Of Duty focuses on a fascinating cast of characters: President Lyndon Johnson, Robert McNamara, General Maxwell Taylor, McGeorge Bundy and other top aides who deliberately deceived the Joint Chiefs of Staff, the U.S. Congress and the American public. McMaster’s only book, Dereliction of Duty is an explosive and authoritative new look at the controversy concerning the United States involvement in Vietnam

Book Club: Midnight in Broad Daylight – A Japanese American Family Caught Between Two Worlds by Pamela Rotner Sakamoto, Nov 8, 2017

midnightMeticulously researched and beautifully written, the true story of a Japanese American family that found itself on opposite sides during World War II—an epic tale of family, separation, divided loyalties, love, reconciliation, loss, and redemption—this is a riveting chronicle of U.S.–Japan relations and the Japanese experience in America.

After their father’s death, Harry, Frank, and Pierce Fukuhara—all born and raised in the Pacific Northwest—moved to Hiroshima, their mother’s ancestral home. Eager to go back to America, Harry returned in the late 1930s. Then came Pearl Harbor. Harry was sent to an internment camp until a call came for Japanese translators and he dutifully volunteered to serve his country. Back in Hiroshima, his brothers Frank and Pierce became soldiers in the Japanese Imperial Army.

As the war raged on, Harry, one of the finest bilingual interpreters in the United States Army, island-hopped across the Pacific, moving ever closer to the enemy—and to his younger brothers. But before the Fukuharas would have to face each other in battle, the U.S. detonated the atomic bomb over Hiroshima, gravely injuring tens of thousands of civilians, including members of their family.

Alternating between the American and Japanese perspectives, Midnight in Broad Daylightcaptures the uncertainty and intensity of those charged with the fighting as well as the deteriorating home front of Hiroshima—as never told before in English—and provides a fresh look at the dropping of the first atomic bomb. Intimate and evocative, it is an indelible portrait of a resilient family, a scathing examination of racism and xenophobia, an homage to the tremendous Japanese American contribution to the American war effort, and an invaluable addition to the historical record of this extraordinary time.

Side read: Hiroshima by John Hersey

October 19, 2017
Current Affairs Discussion:
Clean Disruption

In our first article Tony Seba makes the case that multiple technologies are converging that will massively disrupt the auto industry, use of space, transportation, energy, climate, … – all a big part of how we now live and work.   He calls it “Clean Disruption”.

https://www.youtube.com/watch?v=2b3ttqYDwF0&feature=youtu.be

Our  discussion will review his model.  Are the assumptions valid?  Is the logic consistent and complete?  What other scenarios are possible?  Timing?  US vs ROW?  Politics and regulation? Business threats and opportunities?

 

McKinsey Studies:

An-integrated-perspective-on-the-future-of-mobility

Battery-storage-The-next-disruptive-technology-in-the-power-sector

The-new-economics-of-energy-storage

SRP_2014_Disruptive_Solar

WEF_Game_Changers_in_the_Energy_System

 

UK and France will ban ICE (internal combustion engine) autos by 2040:
https://www.nytimes.com/2017/07/26/world/europe/uk-diesel-petrol-emissions.html?mcubz=0&_r=0

Forbes: Volvo will stop designing ICE only cars by 2019. (They are not going all electric as some reported.)
https://www.forbes.com/sites/williampentland/2017/07/05/volvo-says-it-will-stop-designing-combustion-engine-only-cars-by-2019/

Forbes: What if everyone installed solar?
https://www.forbes.com/sites/quora/2017/01/16/what-would-the-economic-impact-be-if-everyone-installed-solar-panels/#7d8b38e734cc

When you reduce the number of moving parts in an engine from 2000 to 20, increase the efficiency and useful life of each auto, and eliminate truck drivers, then that is going to result in unemployment on a massive scale in the socio-economic classes that have already suffered from the widening income gap experienced over the past 30 years, and contributed to the election of Trump. Are our politicians capable of recognizing the consequences and bold enough to take action to offset the disappearing jobs? Given our current ineptitude in gaining consensus in Congress and the absence of forward vision from the White House I do not feel confident of the corrective means being devised and applied. Add to that the possible turmoil created by falling demand for oil from the Middle East, and we begin to approach the conditions for a perfect storm. Bryan Hooper.

What should the price be to sell electrons back price to the utility? It can’t be the retail cost of electricity because all the fixed costs remain. Fixed costs include the power station and transmission lines. The variable cost is just the cost of fuel. But for nuclear that variable fuel cost is zero.

So with residential roof top solar, a battery and a maybe back up generator – do you need to be on the power grid at all? If you are off the grid you can’t sell excess power, but do you owe the utility anything? (Note that you pay for sewers whether you are hooked up to them or not.) Do people dropping off lead to a death spiral as fixed costs of a universal power grid are spread over a shrinking customer base?
https://www.brookings.edu/research/rooftop-solar-net-metering-is-a-net-benefit/

Will electric cars break the grid?
https://cleantechnica.com/2016/05/11/will-electric-cars-break-grid/

From Bloomberg Businessweek:
https://www.bloomberg.com/news/articles/2017-09-21/how-electric-cars-can-create-the-biggest-disruption-since-iphone

https://www.forbes.com/sites/energyinnovation/2017/09/18/the-future-of-electric-vehicles-in-the-u-s-part-2-ev-price-oil-cost-fuel-economy-drive-adoption/#56379bd4345c

http://auto.howstuffworks.com/are-electric-cars-cheaper-to-run.htm

Solar shingles: https://www.consumerreports.org/solar-panels/doing-the-math-on-teslas-solar-roof/

Dyson plans to build an electric car (or at least a street legal riding vacuum):

 https://www.forbes.com/sites/neilwinton/2017/09/26/dyson-british-vacuum-cleaner-plans-electric-car-assault-with-2-7-billion-plan/#7bd2e0c456a5

From Paul Williams: http://brook.gs/2fAZBmc

On the rapidly emerging technologies to improve electric storage: https://www.brookings.edu/blog/techtank/2015/09/15/five-emerging-battery-technologies-for-electric-vehicles/

Book Club: Killers of the Flower Moon : the Osage Murders and the Birth of the FBI by David Grann, October 11, 2017

From New Yorker staff writer David Grann, #1 New York Times best-selling author of The Lost City of Z, a twisting, haunting true-life murder mystery about one of the most monstrous crimes in American history         In the 1920s, the richest people per capita in the world were members of the Osage Indian nation in Oklahoma. After oil was discovered beneath their land, they rode in chauffeured automobiles, built mansions, and sent their children to study in Europe.       Then, one by one, the Osage began to be killed off. The family of an Osage woman, Mollie Burkhart, became a prime target. Her relatives were shot and poisoned. And it was just the beginning, as more and more members of the tribe began to die under mysterious circumstances.       In this last remnant of the Wild West—where oilmen like J. P. Getty made their fortunes and where desperadoes like Al Spencer, the “Phantom Terror,” roamed—many of those who dared to investigate the killings were themselves murdered. As the death toll climbed to more than twenty-four, the FBI took up the case. It was one of the organization’s first major homicide investigations and the bureau badly bungled the case. In desperation, the young director, J. Edgar Hoover, turned to a former Texas Ranger named Tom White to unravel the mystery. White put together an undercover team, including one of the only American Indian agents in the bureau. The agents infiltrated the region, struggling to adopt the latest techniques of detection.  Together with the Osage they began to expose one of the most chilling conspiracies in American history.        In Killers of the Flower Moon, David Grann revisits a shocking series of crimes in which dozens of people were murdered in cold blood. Based on years of research and startling new evidence, the book is a masterpiece of narrative nonfiction, as each step in the investigation reveals a series of sinister secrets and reversals. But more than that, it is a searing indictment of the callousness and prejudice toward American Indians that allowed the murderers to operate with impunity for so long. Killers of the Flower Moon is utterly compelling, but also emotionally devastating.

Charlie Rose interviews the author:
https://charlierose.com/videos/30603

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