Later On

A blog written for those whose interests more or less match mine.

Some good Muck Reads

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Good muck reads. Just three from that link:

Two dollars spent on safety training. A South Korean ferry named Sewol sunk in April, killing 304 passengers – mostly high school students. The company that ran the ferry was one of 70 owned by tycoon Yoo Byung-eun. And despite the millions and millions of dollars that pass through his companies to him and his family, he spent just $2 last year on crew safety training. Even that money only went to buy a paper copy of a certificate, the New York Times reports. — The New York Times, July 2014

The FAA backed off of safety improvements for small planes. In 1990, the Federal Aviation Administration proposed updated regulations on equipment and designs that could prevent airplane fires that have since claimed at least 600 lives. “But facing opposition from airplane manufacturers, the FAA withdrew its proposal, saying it wasn’t worth the extra expense,” reports USA Today. Placing the value of a human life at $1 million helped to undermine these proposals. As noted by the FAA, “If the value of life were $2 million rather than $1 million, the benefit-to-cost ratio would be twice as great.”— USA Today, October 2014

“What Would Court Do?” A decade before GM’s ignition debacle, which has been linked to 30 deaths, a safety inspector named Courtland Kelley brought up safety issue after safety issue. His outspokenness didn’t end in recall, though. It ended with him getting pushed from position to position. As a result, his successor was too afraid to speak up. — BusinessWeek, June 2014

It seems clear that our institutions and organizations are failing us badly. The third example shows why: good performance draws severe punishment.

Written by LeisureGuy

28 November 2014 at 10:34 am

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