Saturday, June 23, 2012

Cab Thoughts 6/23/12

Penn State's football program should be closed.

The soft drink, 7-Up, used to have lithium in it, a mood altering drug used for mania. It was taken out of the drink in 1950. The next decade the U.S. began getting weird. Coincidence?

So Commerce resigns, Justice gets Contempt and Obama invokes Privilege. How do you spell NIXON?

The Sandusky trial is a disaster on so many levels but shows a distorted moral and educational culture that has been twisted by athletics into something unrecognizable. So many people were willing to let this depravity continue. Some of this is undoubtedly from our tolerance for behavior and our unwillingness to make judgments (read indifference.) But this is an outrage. The point is not that he will be found guilty--he might not. The point is that everyone associated with him thought it was going on and did nothing because the athletic/school culture did not allow interference. If the NCAA does not blow this football program up it has no relevance--or soul. Any other entity, public or private, would be selling its furniture and closing. The people of Pennsylvania should close this institution, plow its fields with salt and start over.

GTT stands for "Gone to Texas," a common phrase in the early United States (often scrawled on the wall of an abandoned house), where Texas was seen as an option for a man in the U.S. seeking new opportunity or, more commonly, relief from debt.

The Penguins have become a different team in a single day.

Ha-Joon Chang in his book "23 things They Don't Tell You About Capitalism" raises an interesting point. In discussing the errors of Long Term Capital Management and Bernanke's admission that it was a 'mistake ...(to)...presume that the self-interest of organizations, specifically banks, is such that they were best capable of protecting shareholders and equity in the firms' he notes that "self-interest will protect people only when they know what is going on and how to deal with it."
It doesn't matter how good your intentions are if your working hypothesis is wrong.

This week is the anniversary of the Battle of Chalons in 451. The battle is historically important as one of the first battles fought by allies who hated each other against an opponent they hated more. It stopped Attila's advance and showed him human and involved an unbelievable number of men (it was said up to 250,000 men died but modern skeptics number the combatants at a much lower number.) It is also remarkable for a small quality: No one knows where the battle was fought. So much for glory.

16% of the world's electricity is hydroelectric generated and it rises every year. It's 95% in Norway, 85% in Brazil:
Share of Electricity from Hydropower in Top Generating Countries, 2011

And, since we're doing bar graphs...

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