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Thursday, September 12. 2013Economy: Rules and Observations
Empirical evidence often suggests certain actions may yield desired results, because a rule exists supporting this action. We were told the stimulus would yield, at a minimum, $1.25 for every dollar spent. This multiplier has been seen before, is measurable (to a degree) and conforms to Keynes' prediction of a multiplier. Many people claimed the return on stimulus would be much higher - upwards of $1.75! But Keynes' 'rule' of a multiplier, just because it was observed, isn't necessarily a rule. The truth is, we spent far more than we gained in GDP over the last 5 years. There is a reason for this. While a multiplier may exist, and probably does, the factor may vary. More importantly, it is likely to take place if stimulus is focused on productive activity, not consumption. We have spent the last 4 years pushing consumption, telling people to buy homes, cars, food or anything at all. Keep the access to money cheap and available, provide support ot everyone. But here are the results. It's true this data is for the G-7, but a quick review of data in the US shows just as bad a return on dollars spent. In the 20 years prior to Bush's final year and Obama, the average deficit was roughly $253 billion. In the last 5 years it was $1,215 billion. Over 5 years, we spent $6 trillion more than we collected in taxes to generate....$800 billion in GDP growth. That's a return of 13 cents on every dollar of deficit. In the previous 20 years, GDP grew by $5.57 trillion compared to $5.069 trillion in deficit for a return of $1.10 on each dollar of deficit. At some point, the Keynesians have to admit defeat. Some economists predicted a slow economic recovery. Even Krugman did. But sometimes you can be wrong, even when you are absolutely right. It's all in the context. Krugman is great at twisting context to suit his needs. (It's worth noting the link to the Money article may go some way toward explaining why it's so easy to get food stamps these days. But then again, there are many different ways to look at poverty, which means how we address it needs to improve.)
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Thursday morning linksMowgli children Pope Francis assures atheists: You don’t have to believe in God to go to heaven Selling is Service, Service is Selling A Small Business Pitch Investors Can't Refuse Finally! A Movie That Tells The Truth About 1960s Radicals Very different from Robert Redford's terrible The Company You Keep, go see Oliver Assayas's Something in the Air instead. WH Chart of the day: Job-creation stagnation Happiness: Denmark vs. the United States Number Of Reported Rapes Nearly Doubles At Harvard How one woman fought the medical establishment and avoided what most Americans fear: "prolonged, plugged-in suffering” Let’s Do the Single Payer Pivot Wall Street investment banks and mortgage bankers seem poised to get Colorado voters oust Democratic state senators over gun control Is America Ready for Obamacare? RSS global temperature data: No global warming at all for 202 months Wednesday, September 11. 2013Vocal Fry
Then, on CBS' Sunday Morning program, a short piece was delivered on "Vocal Fry". That's it, I pointed out to my wife. I don't have the CBS piece, but here is a very clear example of the speech pattern.
When I first heard it, I thought "that's someone trying to be a Valley Girl," but the tone is lower rather than higher, as it is in Valleyspeak. I assumed, like Valleyspeak, it would be a fad and go away. Its use has grown substantially, however. Today, apparently, it is used as a means of sounding either authoritative or sexy. I think it sounds lazy. I don't think I'm judging harshly, oftentimes when this voice is used, the person provides a blank stare along with it. Clearly it began as a derisive or insulting voice, though now it's just commonplace.
It's not just women doing it, either. Many of the young men in my office are beginning to use it, one young fellow outside my office speaks exclusively in vocal fry. Is it an affectation? Perhaps it started out that way, but it's becoming a standard. I don't agree with Liberman's response. Sure, I'm getting old and young people are doing things I don't like or agree with. Most of it I can live with. But as a parent, I don't have to accept anything, even from an adult son/daughter. My father will still comment on behaviors of mine he dislikes, and I accept his point of view, even if I don't always agree with it. More often than not, though, I realize he's got a point. Even as adults, we can still learn, and we should learn, from our parents. Have you heard it, and if so, what was your point of view?
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Weds. morning linksOn September 11, Another Pilot Died in His Seat What I Saw: Notes Made on September 11, 2001 from Brooklyn Heights The future of salmon is farming One Classroom, Two Genders Four in Ten College Grads Don’t Need a Degree for Their Work Three-and-a-half More Years of Obama! Colorado’s Civil War How public schools’ war on boys has led to an increase in gun crimes Want a License to Hunt Drones? This Colorado Town Just Might Give You One The NSA machine: Too big for anyone to understand Barack Obama’s Syria speech was an incoherent mess – he is outperforming Jimmy Carter as the most feeble US president of modern times Yep, it's another housing bubble Tuesday, September 10. 2013AGW Update: the 'secret inclusion' methodAs the earth continues its petty refusal to cooperate with the warmists, we've been having loads of fun watching them get more and more desperate. We've recently had terrorism, violence, war, $80 trillion in damage and the North Pole turning into a picturesque lake officially linked with AGW, and then I noted in my post last Sunday how they're also elevating the scare tactics. Today's clever ruse is brought to you by the good folks at RealClearPolitics, and a nice — if not downright informative — piece it is. It's always good when some science guy does his best to dispel misinformation. Genuine Controversies in Science That last one, however, only gets ½ point because of a personal story. My mom fell off a horse when she was 9 and suffered a small neck pain for something like 55 years. She tried everything, from neurologists to acupressure, as well as a couple of chiropractors. One day a friend mentioned some old semi-retired guy who had performed some chiropractic miracle on a friend of hers. My mom went to see him. After the second visit, she was cured forever. And no, Virginia, the Hadron Collider won't cause a black hole to gobble up the earth. And, I'm sorry to say, cold fusion is pure bunk. Nuclear power, however, is quite safe. Finally, yes, GMOs, or genetically-modified organisms (food in this case), are perfectly healthy. Oops, wait, I forgot one. It was slipped into the #9 slot and I accidentally clicked past it. Climate Change Is Largely Manmade As it clearly states:
Uh, hold on a sec, will ya? Something about that is ringing a bell. (thinking) Oh, right, that "past few decades" part. The past few decades is how long it's been since it has warmed up. I remember now. But an excellent try, nonetheless, RealClearPolitics, and a big gold star for the 8½ items you did get right. As I said, it's always admirable when someone steps up to the plate and tackles the tough ones. Even if it is only a fake-out to couch the real message.
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Tuesday morning linksRFK’s sex diary: His secret journal of affairs After the Addition of Bike Lanes and Plazas, Manhattan Traffic Moves Faster Obama's Successful Foreign Failure - The president may look incompetent on Syria. But his behavior fits his strategy to weaken America abroad. AFL-CIO Wants to Form League of Extraordinary Liberals Madonna’s Diet Is the Hardest I Have Ever Tried The History Of Coffee In The Military A book: Breach of Trust: How Americans Failed Their Soldiers and Their Country Wealthy NYC Voters Call De Blasio Mayoral Tax Plan Offensive Via Gwynnie:
U.S. Government Fails to Enforce Law to Protect Jewish Students Driving in San Francisco, c. 1906 (video) Bill Moyers Show: Syrian Civil War Was Probably Caused by Global Warming Bundle Up: Global Warming Is Over Daughter of Reverend “God Damn America” Wright and 12 other Democrats are charged with embezzling $16 million in Federal health grants that should have gone to AIDS charities and other programs for the poor and needy. - See more at: http://www.thegatewaypundit.com/2013/09/13-democrats-charged-with-embezzling-16-million-in-federal-grants-for-aids-charities-and-other-needy-programs-rev-wright-daughter-among-those-charged/#sthash.gVHGh18t.dpuf Monday, September 9. 2013Syria update: the quagmire only gets quaggier
1. He gave the UN inspectors complete run of the place in their investigation. Compare that to Iran giving the UN nuke inspectors extremely limited access. 2. He was already handily beating the rebels back and thus had no reason to throw himself into the spotlight and incur international wrath. 3. al-Qaeda has long expressed its strong desire to use chemical weapons against the West and the Syrian branch has been caught red-handed with Sarin gas in their possession. You know how those crime shows are always focusing on motive? And there's a secondary meme that's evolved in recent days that I believe is off the mark. This blurb from the Washington Times incorporates both:
In my opinion, it has nothing to with a 'distaste for more war' and everything to do with the following. Even site favorite James Taranto is on board the 'Assad Did It' bandwagon, and, as sharp and focused as he is, he seems to have completely overlooked the one key word in his column here. Let's see if you can spot it:
Alleged. And, James, if something is only alleged, then only a total moron would take such devastating and possibly far-reaching action on it. Far-reaching, that is, if you count Iran closing down the Strait of Hormuz in retaliation. The bottom line is that Americans don't like going to war over an alleged anything. Another media-driven misconception that's been there from the start is that the rebels are 'moderates' and thus are the good guys. Kerry's used the word "moderates" in every speech he's given on the subject. But such is hardly the case. Kerry portrait of Syria rebels at odds with intelligence reports
And here's yet one more meme the protectionist media is pushing, the 'reluctant' president: Obama: ‘I was elected to end wars, not start them’ So I guess Libya doesn't count. I included this link in my last Syria update: Everything the Media is Missing on Syria And two fresher ones: Does anyone really believe Assad used chemical weapons in Syria? Direct link between Assad and gas attack elusive for U.S. And, to his credit, Ed Morrissey over at Hot Air, who's been 100% certain it was Assad from day one, might be changing his tune: Was it the Syrian rebels that used chemical weapons? The most amusing part of the entire drama, of course, is watching the squishy liberal media dance around the issue. Saddam Hussein gasses 250,000 Iraqi Kurds, Bush wants to stop him, and that's a bad thing. Assad gasses his people, Obama wants to stop him, and that's a good thing. Gosh, I wonder what the difference in those two wildly-opposed attitudes could be? Then you throw in the doubt of who really gassed the citizenry and, if it actually was al-Qaeda, now you're saying we should fight on the side of al-Qaeda?
2013 Conflict in Syria Blamed on Drought Caused by Global Warming So it's good to know who the real culprit is. And then we have the most jaw-dropping and unexpected headline in the history of the world: Democrats Scrap Global Warming in Favor of Global War It's a brand new day, folks. World Caliphate Update
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Sunday, September 8. 2013Late Sunday evening links Pic: Just back from his vacation, the big guy feels fresh and invigorated. As I've noted in past NASA posts, I've been a huge fan of the space program from the beginning, and have watched all of the major launches over the years. When Story Musgrave and his valiant crew fixed the Hubble back in '93, I was hitting the sack at 9 in the evening and getting up at 3 to watch it live. Then the bad news started trickling in. Trip to Mars Would Turn Astronauts Into Weaklings Astronauts risk blurred vision after months in space The problem is that they've had half a century to deal with the first problem, and that ol' 'treadmill routine' just isn't cutting it. And they're just as clueless — if not just as helpless — with the second problem. So it's actually kind of sad to see articles like these floating around, misleading people into thinking that whole 'space exploration' business is doable at this point in time: Space Settlements Represent Hope for Humankind New Moon Probe Raises Questions About What to Do Next in Space Hawaiian volcano serves as make-believe red planet for Mars researchers More than 100,000 want to go to Mars "Well, we're all blind and too weak to lift a finger — but we made it!"
This Gadget Automatically Tunes Any Guitar In Seconds It was 1973 and I was working at a high-end stereo shop in Keene, NH. Owning a 12-string, I was obviously very intimate with guitar-tuning. This was the dawn of PC chips, remember, and suddenly one came out that could 'read' audio frequencies. It occurred to me that you could incorporate twelve of them to look for a specific frequency and send a plus or minus signal to a mini-servomotor attached to each tuning key, telling it to turn one direction or the other. You'd strum the guitar once and they'd all kick into gear. Alas. He's threatening you. Dangers of trying to set Earth's thermostat
Since it's Sunday and we're just horsing around, I'll run through his little list, just for practice: Tornadoes — We're currently at a 10-year low in twister activity — despite an ever-mounting rise of 'killer carbon', CO2. Hurricanes — Also at an historic low, and some global climatologists are now starting to think that warmer waters reduce the number and strength of hurricanes. Droughts — Our current drought is nothing compared to the barn-burner of the Dust Bowl 30's. Coastal Flooding — Ah, you can always tell somebody who grew up in a landlocked state. It's like he's never even seen an oceanside beach. He's picturing the entire surrounding land mass as being at or near sea level, whereupon a few-feet rise in ocean level would devastate everything for miles around. Yet San Francisco, for example, surrounded on three sides by water and obviously one of the first to be washed away, is 15 feet above sea level. Furthermore, I- Hold on, this just in:
Where we we? Oh, right. Wildfires — We have definitely seen bigger and bigger wildfires in recent times, and will continue to do so. And it has everything to do with poor brush management and the poor clearing of old timber and not maintaining a proper airborne fleet and nothing to do with the weather. Mass Extinctions — As I point out in my own AGW treatise, the funny thing about the "species dying off" meme is that we have absolutely no friggin' idea how many species there are. So, if you don't have a starting number, how do you know when there are "less"? But the real point is that there isn't any reason to think masses of species will die off simply because it gets a bit warmer. Colder, yeah, but warmer? And for those on the cusp who actually do die out, a lesser species will find the warmer temp a boon and flourish. Nature's real big on that 'balance' stuff. On a personal note, however, I have to thank the AGW crowd for giving me the opportunity to write the above 6,531-word dissertation, one of my finest pieces. They also gave me the opportunity to create an entire new environmental movement. So thanks, global warming crowd. I couldn't have done it without you. How Popular is Blogging These Days?
Sunday morning links Well, I always like to get the sad news out of the way first, so our first article this morning is about that Israeli spy bird that was caught by Egyptian authorities a few days ago as it tried to peck out its report on a miniature telegraph: Stork Detained as Spy in Egypt Found Dead That's the third Israeli spy bird that's been captured in the last few years, by the way. One's first impulse might be to think, "Geez, won't those Israelis ever learn?" — until you stop and ponder how many of their spy birds haven't been caught. There are some good tips here: Top Credit Card Mistakes On the subject of safeguarding your ass, be forewarned: Some junk mail unsubscribe options are actually phishing scams Clue: Both countries are on the same island. Answer here: National Animals: The Legendary, Extinct and Imaginary
Because if there's one thing this country really-really needs, it's more drunken teenagers on the road. If this is one of those goofy Libertarian things, please cancel my subscription to Libertarian Gazette immediately.
But wait. Not only do you not have GPS, but you also have to fly at night. Remember all that "nor gloom of night" stuff? Well, here you are. So, how do you navigate across country at night? Easy. You simply follow the lighted arrows. (hat tip to Feebs for the link)
This is, of course, supposed to be a scathing indictment of California squandering money on lavish pension plans and the like — and that might very well be true and Harvard would be the better choice. Except that: The cheat goes on at Harvard
So, hmm. Move to beautiful sunny California and make lots of money, or hang out with cheaters in frigid Massachusetts and make less money. Tough choice!
My comment:
Like I said, sad. Political News Into each life a little rain must fall. Yes, even here in the happy-go-lucky political section we occasionally have to face some cold hard facts and admit that not everything coming out of Washington these days is all peaches and cream. Worse, I have terrible news here about two of everybody's favorite Washington characters. Even worser, they're both women. So brace yourselves. The Shockingly Simple Reason Why Hillary Won’t Win Michelle Obama: 'No,' I Will Never Run for President Tissue dispensers for your copious tears are available in the lobby. Saturday, September 7. 2013Saturday Morning Links
Philo T. Farnsworth developed a vast wasteland on this day in 1927. Leftist media hates censorship, unless it's their censorship. Media Matters seeks to quiet Joe Kernan and have CNBC spend more time discussing the perils of AGW. If CNBC could just get some viewers, what they say might be worth censoring. 42,000 signatures is important, because, you know, it's a consensus. I do loves me a Big Mac every once in a while, but how will raising the minimum wage affect Mickey D's? I will not pay $17 for a Big Mac (I paid only $5.50 a week ago). A $15.00 minimum wage will only make it more difficult for the poor to feed themselves. The problem with anyone feeding themselves is that everything they eat will kill them. When I read articles claiming "Collard Greens May Cause 85% of all Colds!", or articles about things that cause cancer (or almost any disease) my inner skeptic is aroused. For example, recent studies linking meat to Alzheimer's. Note the key word in this, and virtually every other title of this nature. Could. One of my favorite sites utilizes an acronym, MMC, for these articles. May, Might, Could. In fact, the article on red meat even points out:
Correlation does not imply causation. If we study football statistics, we can see that teams which take a knee win an overwhelming amount of the games. A new headline: "Studies Show Quarterbacks That Genuflect Win 90% of Games". A new strategy I hope the New York Giants adopt because, after all, science proves it works. In this case, however, the word "May" carries an entirely different meaning. You take your Molly, or any hard drug, you take your chances. Apparently, the bar scene isn't even all that safe these days. Guess you take your chances anywhere. Even the dead don't get much peace. I grew up near Jim Thorpe, this is about the most excitement they've had, well, ever. Moving a body is contentious, and so is patent and copyright law lately. I'm not sure where I stand on the issue. Jeffrey Tucker's view is a Libertarian stance, which someone once explained to me this way: "If I light a match, then someone else lights another match from mine, and this fire is passed from person to person, who owns the fire and why should we limit ownership rights?" Too simplistic for my taste and there is a role for patents and copyrights, but perhaps in the modern media economy the length or application of them should be reconsidered. After all, can we honestly say the one-click shopping Jeff Bezos patented is deserving of one? Tucker made the following comment, which is informative:
Speaking of mass thievery, or at least some form of it, several people asked about Bitcoin the other day. Here's a primer, and another. I'm no expert on the concept of crypto-currency, but I know a good idea when I see one, and this is one which has got the digerati very excited. Bitcoin, oddly enough, could serve as a new reserve currency, which is one reason why the US government is concerned by its growth and use. The US has benefited from being a reserve currency for years, and it's one reason the growth of our money supply has not yet led to rampant inflation. One place where there has been rampant inflation is in Peyton Manning's performance on the football field. Against a defense that was supposed to be very good, Peyton threw 7 TDs, a feat performed by only 5 people before, and not since 1969. It's one game, but what a game it was. Sadly, it was a precursor to this heart-rending annual event. Speaking of aerial attacks, it's interesting that Obama won election in 2008 on an anti-war platform. But it's 'just politics' that part of his platform in 2012 was anti-war-with-Syria. He also won with a jobs-creation platform. Sure, jobs have been created. But not as many as are actually being originally reported due to downward revisions and people dropping out of the workforce. Or maybe that's not the real cause of our unemployment woes. Perhaps the decline of working actors could have been limited with these. To make matters worse, Obamacare is causing jobs to be reduced to less than 29 hours per week, and his administration is lying about the impact. Few of the unemployed and part-time worksers are likely to buy this. Too expensive. It's odd, too, as far as I'm concerned. Tablets and smartphones? Yeah, sure. Glasses and watches? I guess there's a niche for this stuff. The people I see wearing Google Glasses just look like they're trying to be digital hipsters. Finally, because I promised Doc lots of pictures of fluffy puppies...have a great weekend! Friday, September 6. 2013How Multiculturalism Transformed My College
Elizabethtown College leaders fell head over heels for that fad and now the school is much the worse.
Friday morning links First, the bad news: Hollywood Legend Jack Nicholson Retires From Acting Or, maybe not: Jack Nicholson Not Retiring From Acting, Rumors Are Just Plain Cuckoo Either way, the first article mentioned that Sean Connery had recently retired, which I didn't know: Sean Connery Turns 80, Reiterates His Permanent Retirement That's too bad. He's always been a fave. Looking over the twelve Connery movies in my collection, I'd be hard pressed to pick a favorite, but I have a particular fondness for The Rock because he was pretty old by that time but still kicked butt.
Naturally, I left a comment:
On the subject, although the author doesn't mention Sarah Palin by name, he continues her theme of "Let Allah sort them out": Syria is Allah's war, Mr. Obama
This time they set up some poor Frenchman as the fall guy, those clever bastards.
Yep, and we're already feeling its effects: Atlanta cold snap: Why is it sweater weather in the South? Then there are those poor bastards in Peru: Peru snow state of emergency extended to more regions And although this guy is a Warmist, some good points are made: Why Science and Politics Don’t Mix And here's how the Prez is sneaking things through: Obama's Stealth War on Global Warming
So it's nice to see him dumping all that silly, outdated 'morals' and 'ethics' stuff. And if 2,000 years of Catholicism gets washed down the drain in the process, well, there's no stopping progress. "Who am I to judge them?" The Pope said that.
And then there's Hillary: Republicans may boycott CNN, NBC presidential debates
Some of you economic majors out there might be able to pry apart the one, tiny little flaw in this otherwise great piece of right-wing propaganda. Food stamps are $200/mo. After buying the expensive sushi, lobster and coconut water, he had just used up half of his monthly allotment in one day. The implication of the article, of course, is that he does this every day, never quite explaining how one can live like a king by spending half his monthly allotment for one meal. In other words, just like the rest of the MSM, Fox News thinks you're an idiot, and certainly the blogger who wrote the article fits that description to the letter. These awards aren't handed out to just anybody, y'know.
Finally! After all that ugly stuff up above, it's always nice to hit the political section where good news always abounds.
I have two pets, by the way. Well, they're not exactly 'mine', but they visit me regularly. The male is Oscar and the female is Periwinkle. They're manatees. So I've got that going for me. Thursday, September 5. 2013London's hottest property What'll they think of next!
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Thursday morning links Pic: Farmhand Jeanie lends a hand with the arduous chores. What a trooper! Well, I suppose you read a few weeks ago how the government finally revealed that it's been secretly harboring alien beings at its famous 'Area 51'. No, wait, I got the story backwards. They haven't been secretly harboring aliens over there. Yeah, like anyone would buy that. Area 51 report won't stop Hollywood and those who want to believe
He think there are 60. As we've noted a few times recently, Northern Colorado is seeking to become the 51st state. And now we have... Northern California County Board Votes For Secession From State At this rate, we'll be at 60 in no time! When it comes to the popular sport of drone hunting, there's a little 'friendly rivalry' developing between a couple of everybody's favorite nation-states: Colorado town considers licensing bounty hunters to shoot down drones Iran to teach drone-hunting to school students Let the games begin! What these Mainers forgot to ask is whether or not we down here in the South even want them moving here. As it turns out, the answer is a resounding NO!, so this looks like a win-win situation for everybody.
According to the article, they have two basic programs. The one with the leg irons and electroshock therapy looks like best choice for the money. Quicker, anyway.
— Do you deny that global warming is man-made? — Do you deny the earth is warming naturally? — Do you deny the earth is warming at all? If so, then you're one of those dreaded Deniers: Time for the BBC to ban the 'D' word?
Well done, Internet. Speaking of ugly: Postal Service looks to end at-your-door mail
And what makes it ugly is that the Republican leading the charge is the famed Darrell Issa, he of the tough congressional hearings. I even highlighted him with two video clips here.
So, to sum up, once again a large company is unable to trim its ranks due to union restraints and thus has to cut costs another way, one which impacts us both directly and painfully. Painfully, that is, if you're Mrs. Hutchins, age 88, suffering from terrible arthritis and now has to hobble a quarter-mile to get her mail.
Finally! Like her or not, one thing everyone admits is that it's nice to see a woman in the White House with a little fashion sense. Or, to put it in question form; just how many of Barbara Bush's outfits do you remember? Point proven. So, imagine how refreshing it is to see our First Lady finally doing something about the building's drab exterior: Michelle Obama To Paint White House Green
Personally, I'd go with the hunter. It'll weather better and go nicer with the surrounding foliage. But I don't claim to be an expert on the subject. Wednesday, September 4. 2013Food nudges
Can't these people find anything better to do? But it's not only that; every ten years the expert definition of a "good diet" changes. Nobody knows what a good diet is. That's probably because we are designed as omnivores and to eat whatever is available that we can choke down. Wednesday Morning Links We're two days past the Labor Day holiday weekend, but is it a day off when you're always off? This is exactly what happened when I walked into the office at 8am yesterday. Harvard study discovers what most of us already knew. Guns don't kill people, people kill people. Do not expect this to impact the national conversation. What to expect with Obamacare. The NHS is the obvious goal. At least it's 'free'. One side of the minimum wage debate. I wish everybody could be rich, but that can't happen. If it did, then the whole concept of 'rich' would be meaningless, so it's good to understand rents. The value of anything is based on its relative ease of obtaining it. If you can only dig ditches, and 90% of the population can dig ditches, too, you have to accept a lower wage or find some new skills. If the minimum wage is increased, we will have higher unemployment, higher prices, and stagnant or reduced profits. So we'd be paying more tax dollars for people who aren't working, paying more for goods and services we need, and stocks would take a hit. Sounds like a plan to me. It doesn't take much to understand why minimum wage legislation fails as a ham-handed attempt to make a nation wealthy via legislation. If it actually worked, we could set the minimum at a very high level, say $100,000 a year, and we'd all be working and all be happy because consumers would have lots of money to spend. Better yet, let's make it $100,000 a year and no layoffs, ever. What could possibly go wrong with that? More work on the Austrian Business Cycle Theory points to external influences in the boom and bust cycle, rather than irrational behavior. This has been a critical missing piece of Neo-Classical Economics as macroeconomic theory, and is part of the reason why Keynesian thought has dominated. That dominance is eroding.
In other news, Ronald Coase died. A winner of the Nobel Prize for Economics (which, by the way, is not really a Nobel Prize at all), Coase's work opened new windows on the nature of corporations and their optimal size. His work is often cited by conservative activists when government looks to regulate business. Below is Rodney Dangerfield, as Thornton Melon, explaining his version of Coase's work to an economics professor. Covered regularly here on Maggie's, but of interest to me lately since I have one in college and another to follow - garbage degrees and the ultimate outcome of wasting 4 years to study an otherwise useless topic. I have a number of teachers in my family, but I'd still put "Education" on the list of degrees which won't get you far in terms of career or income. No offense to teachers, I have the highest respect for what they do. We parents can be the biggest problem many teachers face. And vice versa. I continue to believe what my father told me, "You go to college to get an education. You go to grad school to get a job." His point, obviously, was to challenge me so I would study something meaningful. I believe the US government will seek to shut down Bitcoin. For now, they are trying to figure out if it is a threat to the Fed. It is. Bill Maher praises Obama for 'restoring the Constitution' by asking for Congressional approval to strike Syria and takes a potshot at the Tea Party. Obama's 'restoration of the Constitution' is a purely face-saving measure designed to shift blame. After all, he never sought Congressional approval for Libya and continues to insist he doesn't need Congressional approval. Hillary remains invisible, though she helped craft this foreign policy. Perhaps she is spending time consulting on her upcoming Hollywood biopic? Some interesting views about well-known people and events. I happen to like the first three. The rest aren't quite as good. I'm glad I don't live in George Soro's Logarithmic Shadow. Drudge rightfully asks "Why would anyone vote Republican?" But why vote Democrat, either? Neither party is specifically looking out for the best interests of the nation, but rather for themselves and their position in society. As a Libertarian, I view Republicans as a sometimes useful first step toward the goal of reinstating the Constitution as the law of the land. But not the guys currently pushing for attacking Syria or voting for NSA funding of Prism. They need to get back with the program. The world is a Rorschach Test. I've always disagreed with the concept that perception is reality. If perception is reality, does that mean demons really were coming from the WTC? I believe the job of the individual is to utilize facts to help overcome limitations of our basic perceptions. Just because we like what we perceive doesn't make it reality. This can be applied to Syria. The main tool to utilize in cutting through to the facts is cui bono. Ending on an up note, I'm surprised I didn't read anything about Diana Nyad on Maggie's. On Monday morning I learned she was only 5 miles from shore. 53+ hours of swimming, at age 64, is quite an accomplishment. I've done a mile in a lake and it was murder, so I can't imagine what she went through. Her accomplishment is one which is consistent with our values. Persistence, hard work, and a desire to achieve. You really are never too old. Tuesday, September 3. 2013A day in the TwitterverseThe Asiana crash, revisited The reason that was given was, due to some confusion in the cockpit, the autopilot was assumed to be taking care of the aircraft's speed, which it wasn't. So, they lost altitude quickly at the end and clipped the edge of the runway. But that doesn't really answer why the pilot was trying to land so near the edge of the runway in the first place, what with a long, expansive landing strip in front of them. And this is especially true in S.F., where there's no pre-runway to safeguard against such things, because the runways jut out into this big watery thing called a "bay". But upon watching the following video, pointed out to me by my buddy Feebs, I was suddenly reminded of a nasty experience I once had, which might just answer that elusive why. For airplane buffs, this is a very interesting video showing the last number of minutes of an airliner landing at SFO from inside the cockpit. A few things to watch for: — I like they way they label it "Silicon Valley, CA". Silicon Valley is a euphemism for an area loosely composed of parts of San Jose, Santa Clara and Sunnyvale. — Since we presume they didn't do any editing-out in this thing, both the 'Landing' and 'Shutdown' check lists are stunningly short. — There's an interesting moment when the computer calls out "200" feet, and it appears the pilot actually has to give it the verbal command to "continue" for things to progress as normal. I presume he's actually talking to the co-pilot, following routine, but you'll see what I mean about it appearing like he's talking to the computer. — It's also interesting how bouncy the cockpit is once they touch down. You don't get that feeling at all from the rest of the plane, but these guys are seriously a'shakin'. — And how in the world do the pilots see those baton-waving directional guys way down on the ground? For the final 'stop' command, do they raise some guy way up on a crane in front of the cockpit? Well, not exactly. What they're going to do is fly in high over S.F. heading southward, go down to the South Bay (Silicon Valley), turn around and head back up to the airport over the bay.
It was at San Carlos airport, mid-way down the Peninsula, and I was being given a demo ride by an instructor. I was about 30 or so, had just come into a small inheritance, and wanted to fulfill a lifelong dream of getting a pilot's license. We took a Cessna 172 up, up and away, flew over the coastal range that runs down the spine of the Peninsula, cruised out over the Pacific, did a few basic acrobatics, and headed back home. And there was the edge in front of us, and the pilot came in low, over water, aiming for the very rim of the runway. At the last moment, I was 99.99% positive we were going to hit it with the wheels, cartwheel over and die. Whoomp! We landed safely and I immediately (1) signed up for lessons with (2) the condition that it not be that guy. It honestly scared me like I've seldom been in my life. And just why was he trying to get so close to the edge, when there was figuratively miles of runway in front of him? Because getting close to the edge was the only challenge in sight. In my Culture in the Cockpit post, I noted how sometimes airline disasters can almost be directly attributable to countries with militaristic backgrounds whose Air Force pilots then turn to commercial aviation, and how that "don't question authority" mindset can often be their undoing. But this is different. Place yourself in the Asiana plane, as a junior pilot wanting to impress his superiors by just nailing that edge. Except that this time the autopilot doesn't have your back. This wasn't a cultural crash. This might have been nothing more than pride.
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Tuesday morning links Pic: Farmhand Jill does a little tractor-bustin'. Whoa, boy! A short-but-sweet dissertation on those bad ol' chemicals: Chemophobia Shouldn't Be On The Menu As most people would agree, the main problem with Northern Colorado becoming the 51st state is having to redo all of those flags and coffee mugs and stamps and all the rest. Who needs the aggravation? It seems a simpler solution would be to ask: Could Colorado County Become Part of Wyoming?
And, from a very long article covering drones from A to Z, we have:
And from this article:
So now we have UAS, RPA and UVS — and that's just from three articles! Here's that bad boy now: Speaking of guns and bad boys, Obama's trying to pull an end-around on Congress: Inside Obama’s war on guns: Rick Perry decries effort to disarm Americans
I'm so bad at art that I can't even doodle well. Of the caffeine front, we have: 5 Weird Ways to Get Your Caffeine One odd thing is that they didn't mention the brilliant idea I had years ago. As I mention in my mocha post, I've never liked coffee in the slightest — but I love its effects. So, my nimble mind thinks, why not buy caffeinated water and make the ice cubes for my ever-present Ginger Ale out of it! Alas, my brilliant plan was shattered like ice because it's too expensive. It was something like $3 just for one regular little bottle.
Not to mention those poor bastards over at the hurricane center: No Atlantic Hurricane by August in First Time in 11 Years Personally, I blame The Gore Effect. "More and more violent weather" was one of the core themes of his outburst a few weeks ago, and, well, here we are. Political News That Michelle Obama is a real hoot, isn't she? Compare her to, say, Hillary's days in the White House, and how she spent them trying to harm the nation by pushing HillaryCare through. In my book, the proper role of the First Lady is to take some 'harmless' subject like "do more exercise" or "kids eating better" and push that, as well as just getting out there and mingling with the common folk, giving them the feeling that our government really is comprised of actual human beings, not just some remote voice on a news clip. It's the same reason townhall meetings are so appreciated. Actually seeing and interacting with your 'voice in Washington' makes a difference. From this viewpoint, then, this is kinda cool: Michelle Obama releasing rap album (but she doesn't sing)
Naturally, the right-wing bloggers — ever eager to defile her because she's a hated Democrat — are outraged because, as one Townhall blogger put it, rap is "a genre known for its demeaning lyrics towards women and inappropriate language", even though it's obvious this is nothing of the sort. We have spoken in the past of what a meaningless word 'racism' has become in recent years, but condemning an entire genre of a certain race's style of music actually is being racist, Townhall. Last Friday, 90% of the Maggie's male readership was forced to admit that Michelle Goddam Obama can do more push-ups than they can. As I noted, you can't fake push-ups; this lady practices what she preaches. There's a fun slideshow here of her in various athletic situations, including busting ass on the track and boogalooing with the best of them.
Men can fix anythingSaturday, August 31. 2013Millenials in the Workplace
I smiled, and replied very simply, "No." He took offense and commented that younger people knew more, were more adaptable, etc. I again smiled and said, "I know what you're thinking. I was there once, too. We do tend to think, when we're new to the workforce, that business is messed up and we know a better way. Frankly, we probably do when we're younger. But there are a few things lacking when we think this way. For example, experience and perspective. While I can understand you point of view, and to some degree you're correct, the reality is altogether different and it may take time to understand, let alone accept, this." He was not happy with my response, and his interruptions eventually disrupted the class and we never finished. I had to speak with his director about his behavior. Eventually, he left the company to go with a smaller start-up firm. I hope he found what he was looking for. Continue reading "Millenials in the Workplace"
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The Syria quagmire I thought so. From Theo's, I suppose this just about sums it up: Welcome to the Middle East, indeed. (by the way, I hope you don't mind my interrupting, but it just now occurred to me to ask: What countries are in the Middle West? Kansas?) With Bush's wars in Iraq and Afghanistan, although still sectarian, at least the battle lines were fairly well drawn. If even half of the above pic is true, we are a long, long ways from those former days of innocence. And I have no reason to think the entire thing isn't right on the money. What a friggin' mess. As she has a hundred times before, our own Klondike Queen nailed it: As for our supposed allies, this says a lot: John Kerry praises French, snubs British on Syria
When you're forced to praise the weak-ass French as being staunch allies, you know the End Times are near. Which isn't to say all Brits are particularly happy with their Parliament's decision: After Syria vote, soul-searching stirs Britain Remember how France refused to support us in the Iraq War and patriots were calling for French fries to be renamed "freedom fries"? Turnabout's fair play:
As for just who lobbed the gas, it appears the jury is still out. Back to our president, remember how the MSM labeled President Bush a 'warmonger', 'baby-killer', with his 'immoral war' and all the rest? From CNN's web site this morning: This time, with a Democrat in the White House, it appears the rules have changed. Poor President Obama is already war-weary — and he hasn't even done anything yet. But he's tough and gritty and 'determined' to see Truth and Justice prevail. Must be nice having the MSM cover your ass. My personal fantasy: (ring-ring!) "Good morning, this is Susan, Sarah Palin's assistant." "Hi, this is President Obama. Can I speak to Sarah for a sec?" "Sure, she's right here. Hey, Sarah, President Deadbeat's on the phone!" "Good morning, Mr. President, this is Sarah. How may I help you?" "Could you pop by the White House later today? I'd like to have you standing beside me when I repeat your message to the world." It is to dream. Saturday morning links
On a right-wing site, the first two to mention would probably be Drudge and Instapundit. Both are somewhat eclectic, in that right under the article demanding we immediately nuke Syria is a link to how hot Madonna looks in her new grillz. Next up might be Real Clear Politics, and what's to note is that when it comes to sections like their 'Tech' and 'History', they're actually a fairly 'deep' site, with a specific search usually pulling up lots of goodies. Leaving news and history behind, the next step might be one of the 'why' sites, like Life's Little Mysteries. The next step down the ladder would be a site like Linkiest, which runs the range from the inane to the brilliant. Although he's shut down for the time being due to family problems, I think the best political cartoonist out there these days is the Hope and Change guy. Going through the archives is a blast. Another great As for my own links pages, I have a collection of my video posts here, one of computer tips here, and a 'best of' here. Well, that should keep you busy for a few minutes.
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