Saturday, December 10, 2011

Cab Thoughts 12/10/11

Medical staff at an Indian hospital abandoned their patients and fled for safety as fire and smoke poured through the building, leaving 73 people dead, many from smoke inhalation.

The EPA has debated regulating "farm dust". Farm dust. The legislature just passed a law preventing them from doing it. One part of the government legislating against the other. Farm dust.

After the Duke Lacrosse lie, I will never believe a story up front, especially sexual allegations. I don't know what to make of this Penn State problem. I do know that Caesar's wife must be above suspicion and many of these institutions do not see that.

English words from dead languages: moniker from Shelta, the language of the Irish Travelers (gypsies); chaparral from Basque; taboo from Tongan; cacique from Taino (West Indies); wampum from Massachusett, a member of the Algonquian language; mantissa from Etruscan; dragoman from Aramaic via Akkadian

The Boston Bruins look very good. I saw them play this week and remember how surprised I was they won the cup. The are absolutely the real thing, big, fast and mean.

UCLA political science professor and economist Tim Groseclose estimates that the pro-liberal mainstream media add 8 to 10 percentage points to the ratings of a Democratic candidate in a typical election. I have no idea how one would measure this but the thought is a worry.

More small business created millionaires were created during the Great Depression than at any other time in history.

Peter Drucker said that marketing and innovation are the only two factors that generate business. Everything else is an expense. He also said innovation refers to anything (technology or otherwise) that brings greater advantage, access, impact, interest, connection, trust, and buying motivation to the customer.

The problem in Europe is not liquidity, it is solvency. The banks need about 3 trillion euros and the countries are connected to these loans. Writing off so much debt in the midst of a recession, coupled with austerity moves, will be massively deflationary for the eurozone. But Merkel sounds as if the Germans will not allow the euro to inflate. This might be ugly. Austerity--deflation, no austerity--inflation.

The Western press has made little out of the explosion in Iran's nuclear development area. Nor has much been said about the Iranian scientists who are being assassinated left and right. There have also been a number of accidents involving them.

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