Thursday, June 12, 2014

Cab Thoughts 6/12/14

Until an hour before the Devil fell, God thought him beautiful in Heaven.
      – Arthur Miller, “The Crucible”
 
 
The abolitionist Theodore Parker used the phrase, "A democracy — of all the people, by all the people, for all the people" which later influenced the wording of Abraham Lincoln's Gettysburg Address. Another quote, lifted by Martin Luther King, was, "I do not pretend to understand the moral universe; the arc is a long one, my eye reaches but little ways; I cannot calculate the curve and complete the figure by the experience of sight; I can divine it by conscience. And from what I see I am sure it bends towards justice."
 
There is an interesting theory about the rise of Japan's hierarchical system being initiated by the success of Confucian concepts in the 5th and 6th Centuries with the emphasis on preserving the hierarchical order between the 'superior' and 'inferior' persons. This meant the maintenance of proper relationships to ensure social harmony  where the 'inferior' persons to behave in accordance with his or her station in the family and society. This came to be staunchly embedded in Japanese mores. This social imperative was reinforced by the emergence of the samurai in the 12th Century.
 
The president convened a summit at the White House on concussions.  Apparently the National Potato Council was not involved. 
 
A lot of surprising international energy decisions. Globally there are about 66 reactors under construction with 160 planned and 319 proposed. Japan is expected to bring over 30 reactors back online over the next three years. There are only about 434 reactors operating today. Germany was going to shut down its 20-some nuclear-electrical production sources within 10 years, and are now furiously building new coal plants.
 
Who was...Cornelius Gurlitt?
 
Marx’s  Labor Theory of Value disregards the infusion of seed capital necessary to launch and sustain an enterprise, privileging the role of labor in the production process. 
 
Scott Brusaw, the developer of Solar Roadway which wants to replace all the roads with solar panels,  estimated a cost of $10,000 for a 12-foot-by-12-foot segment of Solar Roadway, or around $70 per square foot; asphalt, on the other hand, is somewhere around $3 to $15, depending on the quality and strength of the road. According to some math, the total cost to redo America’s roadways with Solar Roadways would be $56 trillion — or about four times the country’s national debt. These people have started a crowdfunding effort to build a prototype. They have got over 1 million dollars so far.
 
The GDP contracted last quarter under an administration that has pledged itself to improving the economy as its main objective. Its main objective. How is such a thing possible? How could an administration's main objective not be reached, especially when it gets to do the grading? Or is it only more evidence of the difficulties of large organizations transforming its wishes into reality?  Would now would be a good time to attack cheap energy?
 
Golden oldie:
 
The Census Bureau survey, as reported in the LA Times that In 1992, found more was spent on legal fees in California [$16.3 billion] than on auto repairs, funerals, tanning salons, one-hour photo finishing, videotape rentals, detectives and armored car guards, bug exterminators, laundry, haircuts, day care, shoe repairs and septic tank cleaning combined.
 

Izikhothane loosely translates to ‘brag it’. It is a South African subculture of young people who dress themselves in designer clothes they can barely afford. They arrive in minivans at public spots and participate in elaborate dance-offs against rival gangs. During these performances, they indulge in burning wads of cash, destroying their clothes and spilling expensive food and alcohol on the streets. 
“To be Izikhothane, you have to be like us. Buy expensive clothes, booze, fame, girls, driving, spending. And when you are dressed in Italian clothing it shows that you’re smart,” said one gang member. Almost 50 percent of youths are unemployed in South Africa and most of the Izikhothane are funded by their working class parents with modest incomes.





"Amnesty," the mainstreaming of immigrants who have entered the country illegally, would like have several effects: Bigger government, increased federal spending, a growing welfare state and an increase in the country's subset that has less respect for law and free markets. Yet one of amnesty's loudest supporters is the historically conservative U.S. Chamber of Commerce.
Why is that?

 
Gary Burtless, an economist at Brookings, writes that government transfer payments made up 17 percent of personal income in 2010 versus less than 1 percent in 1929.
 
An improvement on simple non-profit: A Cambodian woman who has been honored internationally for her work against sexual slavery has resigned from the New York-based foundation she helped found after reports alleged that she had distorted aspects of her personal history. Somaly Mam had received U.S. government funding for some of her early work and wrote a memoir, "The Road of Lost Innocence," which was a best-seller in France, with a tale of being abused and sold into prostitution as a child, one of several claims that have now been questioned.
 
The Lincoln Monument was dedicated in 1922 in front of an audience of more than 50,000 people. Even though Lincoln was known as the Great Emancipator, the audience was segregated; keynote speaker Robert Moton, president of the Tuskegee Institute and an African-American, was not permitted to sit on the speakers’ platform.
 
Government spending at the start of the 20th century was less than 7 percent of GDP. It went to almost 30 percent of GDP by the end of World War I, and then settled down to 10 percent of GDP in the 1920s. In the 1930s spending doubled to 20 percent of GDP. Defense spending in World War II drove overall government spending over 50 percent of GDP before declining to 22 percent of GDP in the late 1940s. The 1950s began a steady spending increase to about 36 percent of GDP by 1982. In the 1990s and 2000s government spending stayed about constant at 33-35 percent of GDP, but in the aftermath of the Crash of 2008 spending has increased to 40 percent of GDP.
 
AAAAaaaaaannnnnnnndddddd............a graph:

No comments: