Maggie's FarmWe are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for. |
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Friday, November 18. 2011Friday morning linksPolitely Demonizing Men at Wesleyan Well, Wesleyan is not known for either manly men nor cute chicks Whatever happened to the beloved Pilgrim Hymnal? Denting the Universe: Steve Jobs Thinks Different; Analysts Listen The Rise of Ayn Rand on Campus Maryland’s Governor Spends $553,000 on Pianos at Left-Wing Junk College:
The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline. Pure union payoff, on my nickel Federal social policymakers are still using a measure of poverty from the 1960s, one that fails to take account of the many programs launched since then to battle poverty. There will be 23 carbon cops roaming the streets doing snap audits of businesses that “choose to link your price increases to a carbon price”. Asia Rediscovers Its Love For America Elliott Abrams: Palestinian Diplomacy, Lost at Sea Billionaire Buffett's Bakken Boom Christians in the Middle East Juan Cole’s Totalitarian Odyssey FBI Releases 2010 Hate Crime Data "The Entire System Has Been Utterly Destroyed By The MF Global Collapse" - Presenting The First MF Global Casualty (link fixed) Wow. That is some letter Germany's secret plans to derail a British referendum on the EU Comments
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"Presenting The First MF Global Casualty" links to here for me:
http://maggiesfarm.anotherdotcom.com/entire-system-has-been-utterly-destroyed-mf-global-collapse-presenting-first-mf-global-casualty http://www.zerohedge.com/news/entire-system-has-been-utterly-destroyed-mf-global-collapse-presenting-first-mf-global-casualty
That is some letter. But still, if you invested with a guy who had the connections to be governor and senator from New Jersey and your name isn't Soprano, you had to know you were going to get ripped off? I mean, come on? It is surprising to see someone spell out that the whole market is just waiting for a collapse though. It should be interesting to see them occupy Chicago in January. I hear you go whichever way the wind blows up there. Last nite, in the wee hours, i read her blog (see URL in comments at BD's ZeroHedge link). Her letter itself is down a ways in her blog. This woman has unsheathed her terrible swift sword. Mine eyes saw the glory last night. Good thing, too, as after reading her i dare not close them. That is, until the sandman clocked me with his rubber hammer about 4 ayem.
http://www.zerohedge.com/news/entire-system-has-been-utterly-destroyed-mf-global-collapse-presenting-first-mf-global-casualty
Knowing nothing about the hedge business, an observation and some bald assertions nonetheless: If font size, bolding and underlining point to Ms. Barnhardt's core thesis, it is that government once imposed and policed market morality, and must do so again. She must be a a gen-Xer to believe this. The market (generic) will have to regain honor on it's own, and police itself. You can't depend on government for anything involving honesty, honor or character. Someone once said, laws help honest people stay honest; they don't make dishonest people honest. She's not talking about the hedge as in the giant private investment funds --she's a hedger in the way a livestock manager might hedge by locking in some set of future feed deliveries at today's price. I used to do this in order to help stabilize cash flow --but if the price goes up, you win some money, if it goes down, you lose some --but still got the service you wanted. Old Farmer's Almanac kept me a little in the black most years.
As far as her stance on law and government, i took her to mean that the government has the power to make crime legal simply by playing with the definition of 'law'. Is the law that paragraph of words, or is it that act of their enforcement? If the former, then the word 'law' doesn't mean 'law', it means 'whim'. It was probably always an over-reach to begin with, to equate. say, the law against crime with the law of gravity. But it had to have a name, and 'whim' sure would've started it off on the wrong foot. Runnymeade would sound like Woodstock. The "Beloved Pilgrim Hymnal" has gone the way of the used-to-be universal poem Pilgrim's Progress, which today's lazy teachers also don't bother with. My goodness, if they did, the students might begin to love poetry, as we used to in my youth.
If you love it and memorize it in your youth, it will probably stay with you and comfort you the rest of your life. Or as long as your brain still functions. Marianne Apropos college mediocrity, don't students realize that they are degrading the value of their own degree by granting it to the unworthy?
In the classical "tragedy of the commons" everyone what the long term effects are of taking advantage. They do it anyway, because the end result will be the same whether they get in there and get some of the stuff, or not. In a commons, a strong personal moral code will prevent an individual from feeling guilty about adding to the problem --and also prevent him from getting any of the stuff, the more of which will then go to the less deserving.
The word 'tragedy' is well-chosen, as in the Greek Tragedies, the tragic case is not the bad fortune, it's the knowledge of trouble coming and the inability to alter thinking or behavior in order to change the situation. "Character is Fate" sums up the Tragedicians' superbly realistic portrayals of human nature. In the classical "tragedy of the commons" everyone *knows* what the long term effects are of taking advantage.
--hey thanks, BD --but it's always just something i read somewhere --i don't ever understand any of it
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