Saturday, May 24, 2014

Cab Thoughts 5/24/14

If you ask me to name the proudest distinction of Americans, I would choose the fact that they were the people who created the phrase 'to make money.' . . . Men had thought of wealth as a static quantity, to be seized, begged, inherited, shared, looted or obtained as a favor. Americans were the first to understand that wealth has to be created.
~Ayn Rand


Only 45,000 acres - or roughly 9 percent - of Napa County in planted with vines. While large in stature in the wine market, Napa Valley's wine production accounts for a mere 4 percent of California's total annual grape harvest.

A report from the Food and Agriculture Organization (FAO) states that the livestock sector is "responsible for 18% of greenhouse gas emissions". The report concludes, unless changes are made, the damage thought to be linked to livestock may more than double by 2050, as demand for meat increases. (Wikipedia) So....meat production might be another target of the bluenose.

Expanding economies. Contracting them. These debates go on. The Depression political leaders had no enthusiasm for deficit spending; indeed, the thinking went the other way in an effort to control debt--as now in some quarters. In March, 1934, Army Chief of Staff Douglas MacArthur and Secretary of War George Dern engaged President Roosevelt in a very loud and dramatic argument over the proposed cuts in the military budget, cuts that totaled 51%. Both thought the changes would cripple the U.S. military at a time of growing European animosity. MacArthur was so upset he vomited after the meeting.

Enterprise value (EV) is share $ times # of shares issued. Even in pre-IPO stages, the increase in EV is the most watched metric. You see it used in early companies rather than the older and more established--and identical-- "market capitalization" or the total dollar market value of all of a company's outstanding shares, what it would cost to buy 100% of the company.

Consumption and its waste problems break down to a simple truth: One billion people want to keep consuming at current rates and six billion more want to increase their consumption. Constraining the haves ignores the basic problem of the expanding demands of the have-nots. The Americans seem to think that making their demands more efficient will somehow make up for the incredible demands of the emerging nations.

Who is...Chelsea Elizabeth Manning?

Tolerance:  n. willingness to accept feelings, habits, or beliefs that are different from your own; the ability to accept, experience, or survive something harmful or unpleasant. In medicine it is used to describe the body's ability to adjust itself to something like a medication so its effects are experienced less strongly. From O.Fr. tolerance (14c.), from L. tolerantia "endurance," from tolerans, prp. of tolerare "to bear, endure, tolerate"  Of authorities, in the sense of "permissive," first recorded 1539. Recent writings by some gay academics, (see Suzanne Walters) object to "tolerance" as an goal in society, saying it suggests  a more negative "endurance" rather than a welcoming by the community. Thus they want approval, not mere acceptance; an interesting twist on civil rights.

According to research done by Dunn and Norton, the amount people need to be happy averages about $75,000 per year. That means that people who made $75,000 each year were, overall, happy and content, and also that anything more than that amount had no effect on people’s happiness or moods.
Now, what are the chances you could get a grant to confirm that belief in our equality-obsessed culture?

Golden oldie:

The interest in the Veterans Hospital is curious. Essentially the scandal is a function of bureaucratic inefficiency and financial constraints--the kind of problem that is usually resolved, superficially at least, with demagoguery and hand-wringing. The IRS scandal is much more important but there does not seem to be of much concern.

Speaking of bureaucracy, six months after the September 11 attacks, a Florida flight school belatedly received notification from the Immigration and Naturalization Service that two Osama bin Laden disciples, terrorist ringleader Mohammed Atta and Marwan al-Shehhi--both of whom had enrolled in a professional flight program--had been approved for student visas.

The Milky Way has about 300 billion stars but those stars are dispersed across a chasm in space 100,000 light-years in diameter. That's roughly 6 trillion miles wide (the distance light travels in a year multiplied by 100,000).

Conservative author and filmmaker Dinesh D'Souza pleaded guilty to a campaign finance law violation, avoiding a trial that had been expected to begin the same day in a Manhattan federal court. Manhattan U.S. Attorney Preet Bharara charged D'Souza with using "straw donors" to give funds in 2012 to Republican Wendy Long's U.S. Senate campaign in New York. D'Souza wrote the 2010 bestseller "The Roots of Obama's Rage" and co-directed a 2012 film, "2016: Obama's America." He is an astute guy and conservatives are crying that he was targeted because of his politics. While the government has shown the ability and willingness to do that in the past, he still broke the law.

AAAAaaaaannnnnnddddd........a poster from the First World War:
Propoganda poster

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