Wednesday, October 23, 2013

Cab Thoughts 10/23/13

'Writing a novel is like driving a car at night. You can see only as far as your headlights, but you can make the whole trip that way.' --E.L. Doctorow

The Internet Crime Complaint Center got over 250,000 Internet fraud complaints last year with an estimated fraud loss of over $525 billion, and that is just what was reported.

Class 8 tractors, the workhorses of the global freight hauling industry, consume over 100 billion gallons of diesel fuel per year and emit over a gigaton of CO2.

In an article recently, Dennis Prager objects to what he calls "moral equivalence" of very disparate events in history in an article in the NYT. An excerpt from The Times' article: "The Hutus in Rwanda called the Tutsis cockroaches, the Nazis depicted the Jews as rats. Japanese invaders referred to their Chinese victims during the Nanjing massacre as 'chancorro,' or 'subhuman.' American soldiers fought barbarian 'Huns' in World War I and godless 'gooks' in Vietnam." He says the basis of this is anti-Americanism; he might have a point.

Progressivism has roots in utilitarianism. Like the soldier's sacrifice, the value to society trumps individual freedom. Hence Prohibition and the eugenics movement of the early last century. So does this make the Tuskegee experiment reasonable and proper? Ditto waterboarding?

The age of consent in the Colonies was ten in the early 1600s and continued so into the 1800s in many states.

Who was......Grace Bedell?

The Death Master File is a list of dead people and their Social Security Numbers ostensibly created by the Social Security Administration to help financial institutions and businesses prevent identity theft. For ten dollars anyone can obtain records for one person . An annual subscription with unlimited access to all of the files of deceased individuals costs $995. The IRS has flagged 91,000 tax returns that were filed under the names of recently deceased individuals this year. Thieves also steal the personal information to apply for credit cards, cell phones and anything else requiring a credit check. About 2.4 million deceased Americans each year get their identities stolen each year -- amounting to a rate of more than 2,000 thefts per day according to ID Analytics.

So a possible agreement on the U.S.' increasing its debt ceiling is seen as a good thing for the stock market?

There is some talk about a spurt in growth based upon Big Data and its ability to retrieve information from labs, especially government labs where a lot of information lies unmined. It is being compared to GPS.

A bill in Congress called the INFORM ACT would require congressional budgeting offices to actually state the long-term fiscal impact of current legislation on future generations. This bill has the support of 12 Nobel laureates and over 500 economists.
"This generation of Americans is very likely to be the first generation in our history as a nation to leave a worse economy and a worse fiscal position than the one they inherited. The INFORM ACT is a step in the right direction toward informing Americans of the magnitude of this problem." – James Heckman, Nobel Laureate in Economics

Golden oldie:

A starting forward on the USA Soccer Team has not scored in 17 months. That tells a lot about soccer's low appeal in the U.S..

We might consider Lupron therapy for governmental leaders. After all, we make them put their financial interests on hold.

Oliver Wendell Holmes' vision of law through the lens of "realism" makes it dependent upon the populous' (and their agents') willingness to enforce it. In this sense, law is independent of content as opposed to morality.

AAAAANNNNNddddd..........a graph:
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