We 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.
PRESIDENT OBAMA: “Finally, my proposal would bring down the cost of health care for millions -- families, businesses, and the federal government.” (President Obama, Remarks, 3/3/10)
Centers for Medicare and Medicaid Services (CMS), Office of the Actuary, 6/12/12:
We have mentioned many times here that actively-managed investment funds and accounts, after fees, perform worse than index funds.
Fund managers naturally hate that fact, as do investors for whom hope often conquers experience. You cannot dispute the facts: Active Fund Management Is A Loser's Game.
Despite the data, I often think that people want to know that there is a sober person behind the wheel, somebody you can phone when you want to. Somebody who cares. Somebody who is smarter than the markets. They pay for that fantasy.
How to protect your nest egg in the Land of ZIRP? Don't ask me. I bank 10% of my pre-tax income each year, religiously. My nest egg, paltry as it is, is 1/4 equity index funds, 1/4 bond index funds, 1/4 cash, and 1/4 in one really good hedge fund. It may all blow up someday, but I intend to never need the money anyway. The men in my family never quit working and I will keep that wholesome, old-fashioned tradition going unless or until disease or the grim reaper get me.
Retirement ages people, or most people. It ages them, mentally.
I think it is an old New Englander ethic: be stingy, save, resist temptations to buy stuff, and work forever. Use money for overpriced education, books, booze, theater, adventure, and travel.
The idea behind this and all liberal logic is that if certain people behave badly toward others, there must be a deep-seated reason which is somebody else’s fault. The solution, then, is not to punish the perpetrators, or even demand they take responsibility for their actions, but rather to understand the source of the personal, financial, social, racial, sexual problems or other factor that elicited those actions — and then to try and force the powers-that-be to “fix” the factor. Is it any wonder this never works?
Enrique Granados drowned in 1916 while attempting to save his wife after their ship was torpedoed by the Germans. He was returning home from a performance for President Wilson.
This weekend, we heard a performance of his Danzas espanolas, written for piano but, in our case, amazingly arranged for harp and guitar. Wow. You don't get to hear that everyday - harp as the melodic instrument, with guitar as back-up. Especially after a very pleasant church picnic hanging out with the brethren. A fine day indeed in Yankeeland, then later a delicious no-carb Asian dinner out with dear friends and their Ivy League math genius daughter. Les tres riche heures du Bird Dog. Did I mention three hours of yard and farm work before church?
The classical guitarist we heard with the harpist has a sideline as a studio rock musician. Mrs. BD said classical guitar is like ballet. If you can do ballet, you can do any other sort of dance easily.
The rondalla is wonderful if you can find it, but this is the "Oriental" bit, arranged, in this case, for two guitars:
Democratic institutions have strong incentives to flatter the feelings of the ignorant and greedy among us, who are a large voting constituency. For this reason, Congress and the regulatory agencies treat the inevitable parting of fools and their money as a deficiency in the marketplace. When Granny puts all of her money into baht-denominated commodity swaptions and then loses it, the fault cannot possibly be hers: Surely there is something wrong with the market, surely those marginally employed and penniless borrowers were tricked into thinking they could afford half-million-dollar suburban spreads, surely companies with no profits or assets would have been outstanding investments if only we’d had the right regulations, etc., and we have to figure out a way to give people their money back. But when JPMorgan makes a boneheaded sort-of-a-hedge-sort-of-not investment and takes a $5 billion (and counting) lump, obviously JPMorgan is at fault, and it’s a national scandal.
Aren't investments all about risk? Who is too dumb to know that?
"I think the message is that, first of all, voters are seeing the fundamental unfairness of government becoming its own special interest group, sitting on both sides of the table."
... the hard-Left takeover of the Democratic Party has meant that there is no longer a credible balance in our system, as almost all the tenets of contemporary left-wing ideology are blowing up, imploding super nova style — unsustainable ideas that are contrary to human nature and demand coercion for their implementation, given that they are increasingly anti-democratic and have to be implemented from high by an elite technocracy whether in Brussels, Sacramento, or Washington.
Americans hate coercion - especially when "it's for your own good."
It's about scientific integrity and junk science. He insisted that scientists report everything that is wrong with their data and their conclusions - to be their own toughest critics and skeptics and, especially, to report and question their own biases and motivations.
This is an adaption of a 1974 Feynman lecture, via the article at Brain Pickings:
Which Mel Brooks movie was it when the character said their religion was Druid, and he says "That's funny. You don't look Druish"? Spaceballs, I think.
"Negative action," i.e., discrimination, occurs when a rejected Asian-American applicant would have been accepted "if he/she was white." But when that same rejected Asian-American applicant would have been accepted if he or she were black or Hispanic, that's "positive or affirmative action."
As the writer notes, there is nothing fair or rational about affirmative action. It's just a race-based political spoils system, and everybody knows it.
Borders R Us. We are educated amateurs, but we work hard on our borders and, when it comes together, it provides great pleasure and satisfaction to us.
Vegetables? I am getting tired of the effort/production ratio but fresh tomatoes are good if the chipmunks don't gnaw on them first. Trouble is, we don't get tomatoes from the garden until mid-late July.
There are about 40-thousand Catholic priests in the US and about 220,000 parishes serving about 70+ million Catholics, over 20% of the US population. -- If not religious, skip to about 1:25 minutes.
I obtained some inside information. A local, solo practitioner guy nets, for himself, $1.4 million per year. His gross is almost double that. He works hard, keeps three rooms going at a time, and around 40% of his practice is children's Medicaid which apparently pays well. The rest is self-pay plus some dental insurance.
He has two hygienists, a receptionist, and a billing person in the office. A small businessman.
I saw a Killdeer with three teensy, just-hatched miniature Killdeer chicks running around a large gravel parking lot during my morning walk today.
That was a sight which gladdened my heart and sweetened my soul.
The Killdeer is found, either breeding or wintering, in all states of the US. It's a plover of open ground, and not particularly associated with water like most plovers.
You will never find them in tall grass or woodlands, but you can occasionally see them doing their run-and-pause bug-hunting technique on pebbly shorelines.
Their "killdeer" call, sometimes heard at night, and the rusty flash of tail, are distinctive.
You can read about this not-uncommon bird here. Every good person loves the Killdeer.
We have mentioned many times here that actively-managed investment funds and accounts, after fees, perform worse than index funds.
The Second-Rate City?
Ray Bradbury: Enemy of the State
I saw a Killdeer with three teensy, just-hatched miniature Killdeer chicks running around a large gravel parking lot during my morning walk today.