"The owl of Minerva spreads its wings only with the falling of the dusk"—Wilhelm Friedrich Hegel
The most distant human spacecraft is Voyager 1. The spacecraft is technically in interstellar space -- beyond the edge of our own solar system. In 40,000 years Voyager 1 will only bring it within 1.6 light-years of the alien sun but Voyager 1 will be tens of thousands of years past its expiration date by then. It is carrying a lot of stupid stuff, like examples of music and 50 or so language recordings. Personally I think the Earth has enough problems and would be wise to lay low.
Free market prices are powerfully effective means of (1) comparing different use values so as to (2) reveal wasteful use while (3) making amounts demanded equal the available supply (4) without having to know what aggregate supplies are, and (5) compensating people for diverting it [as well as resources used to produce it] from the low value to the more high value uses. But with price controls all of that is prevented and confusion reigns. It is as simple as that.--Armen Alchian
On February 5, the New York Fed was allegedly “penetrated” when “hackers” (of supposed Chinese origin) stole $100 million from accounts belonging to the Bangladesh central bank. The money was then channeled to the Philippines where it was sold on the black market and funneled to “local casinos” (to quote AFP). After the casino laundering, it was sent back to the same black market FX broker who promptly moved it to “overseas accounts within days.” What happened is that someone in the Philippines requested $100 million through SWIFT from Bangladesh's FX reserves, and the Fed complied, without any alarm bells going off at the NY Fed's middle or back office. Reuters dug into the details of the SWIFT wire requests: it notes that the hackers breached Bangladesh Bank's systems and stole its credentials for payment transfers, two senior officials at the bank said. They then bombarded the Federal Reserve Bank of New York with nearly three dozen requests to move money from the Bangladesh Bank's account there to entities in the Philippines and Sri Lanka, entities which as will be revealed shortly were... casinos. Four requests to transfer a total of about $81 million to the Philippines went through, but a fifth, for $20 million, to a Sri Lankan non-profit organization was held up because the hackers misspelled the name of the NGO, Shalika Foundation.
Hackers misspelled "foundation" in the NGO's name as "fandation", prompting a routing bank, Deutsche Bank, to seek clarification from the Bangladesh central bank, which stopped the transaction, one of the officials said. There is no evidence of any Nigerian letters telling of lottery winnings being involved.
These guys are running the world economy.
The most distant human spacecraft is Voyager 1. The spacecraft is technically in interstellar space -- beyond the edge of our own solar system. In 40,000 years Voyager 1 will only bring it within 1.6 light-years of the alien sun but Voyager 1 will be tens of thousands of years past its expiration date by then. It is carrying a lot of stupid stuff, like examples of music and 50 or so language recordings. Personally I think the Earth has enough problems and would be wise to lay low.
Free market prices are powerfully effective means of (1) comparing different use values so as to (2) reveal wasteful use while (3) making amounts demanded equal the available supply (4) without having to know what aggregate supplies are, and (5) compensating people for diverting it [as well as resources used to produce it] from the low value to the more high value uses. But with price controls all of that is prevented and confusion reigns. It is as simple as that.--Armen Alchian
A novel written largely by an artificial intelligence passed the first round of screening for a national literary prize in Japan.
Mohammad Safi, a graduate of a medical school in Afghanistan, began working as a psychiatrist at a California mental hospital in 2006, making $90,682 in his first six months. Last year, he took home $822,302, all of it paid by taxpayers. Last year, 16 California psychiatrists, including Safi, made more than $400,000, while only one did in the other 11 most populous states, according to data compiled by Bloomberg
The Brussels terrorists were preparing an attack on a nuclear power plant and had recorded 12 hours of reconnaissance footage, it has been reported. The ISIS cell was spying on Belgium's nuclear power chief, possibly as part of a kidnap plan to force him to let them into an atomic facility, according to newspaper Derniere Heure. Hours of film of the home of the Research and Development Director of the Belgian Nuclear Programme were discovered in an apartment in Brussels raided by anti-terrorist police following the attack in Paris. This is the kind of homicidal ambition that must make everyone worry over their approach to these maniacs.
Who is...the owl of Minerva?
"It was the experience of the Republic here which decisively shaped her political thinking, tempered as it was in the fires of European tyranny and catastrophe, and forever supported by her grounding in classical thought. America taught her a way beyond the hardened alternatives of left and right from which she had escaped; and the idea of the Republic, as the realistic chance for freedom, remained dear to her even in its darkening days." This was said at the funeral of Hannah Arendt by her friend, the philosopher Hans Jonas, speaking of America's influence on her. People dismissive of America's founding and history should remember this.
During her appearance before the Senate Judiciary Committee, Attorney General Loretta Lynch admitted that she asked the FBI to examine whether the federal government should take legal action against so-called climate change deniers. Attorney General Lynch is not responding to any criminal acts committed by climate change skeptics. Instead, she is responding to requests from those frustrated that dissenters from the alleged climate change consensuses have successfully blocked attempts to create new government programs to fight climate change.
During her appearance before the Senate Judiciary Committee, Attorney General Loretta Lynch admitted that she asked the FBI to examine whether the federal government should take legal action against so-called climate change deniers. Attorney General Lynch is not responding to any criminal acts committed by climate change skeptics. Instead, she is responding to requests from those frustrated that dissenters from the alleged climate change consensuses have successfully blocked attempts to create new government programs to fight climate change.
So the AG of the United States did not step right up to defend free speech, she stepped right up to curb it.
New statistics released by UNICEF show a dramatic increase in the use of children as bombs in four countries -- Nigeria, Niger, Chad and Cameroon -- where Boko Haram has waged its campaign of terror in the past two years.
Golden oldie:
Stepan Verkhovensky is a wonderful Dostoyevsky character, a fussy and emotional heart-on-his-sleeve-professor who proudly believes the government has him under surveillance although the government could not care less.
Oliver Stone shot his new movie, "Snowden," in Germany. "We moved to Germany, because we did not feel comfortable in the U.S.,” Stone said on March 6, speaking before an audience at the Sun Valley Film Festival in Idaho, in a Q&A moderated by The Hollywood Reporter’s Stephen Galloway. “We felt like we were at risk here. We didn’t know what the NSA might do, so we ended up in Munich, which was a beautiful experience.” This guy's staggering arrogance is exceeded only by his completely unjustified self-importance. I'm sure the NSA was just begging to get a shot at them. And the U.S. government has no relationship with Germany at all that they could take advantage of. But none of this matters because Stone made "JFK" and you know his integrity is high. Can you believe this guy? All the silliness of Verkhovensky with none of the sweet appeal.
Minerva was the Roman goddess of wisdom, and her companion the owl was traditionally regarded as being wise. In his preface to the Philosophy of Right, Hegel used the owl of Minerva, which flies only at dusk, as a metaphor for the nature of philosophy. It implies that philosophy is essentially retrospective and can provide understanding of a stage of reality only after it has occurred. This claim challenges the view that we have a universal capacity to know, independent of our context as subjects of knowledge. “When philosophy paints its grey in grey, then has a shape of life grown old. By philosophy's grey in grey it cannot be rejuvenated but only under-stood. The owl of Minerva spreads its wings only within the falling of the dusk.
This is from a news clip: In an interview with Chris Wallace, the President discussed his thoughts around Hillary Clinton’s email debacle. As Obama explains: "there’s classified, and there’s classified. There’s stuff that’s really top secret, top secret, and then there’s just stuff being presented to the President or Secretary of State." "Explains." Well, just as long as we have a good handle on all this.
On February 5, the New York Fed was allegedly “penetrated” when “hackers” (of supposed Chinese origin) stole $100 million from accounts belonging to the Bangladesh central bank. The money was then channeled to the Philippines where it was sold on the black market and funneled to “local casinos” (to quote AFP). After the casino laundering, it was sent back to the same black market FX broker who promptly moved it to “overseas accounts within days.” What happened is that someone in the Philippines requested $100 million through SWIFT from Bangladesh's FX reserves, and the Fed complied, without any alarm bells going off at the NY Fed's middle or back office. Reuters dug into the details of the SWIFT wire requests: it notes that the hackers breached Bangladesh Bank's systems and stole its credentials for payment transfers, two senior officials at the bank said. They then bombarded the Federal Reserve Bank of New York with nearly three dozen requests to move money from the Bangladesh Bank's account there to entities in the Philippines and Sri Lanka, entities which as will be revealed shortly were... casinos. Four requests to transfer a total of about $81 million to the Philippines went through, but a fifth, for $20 million, to a Sri Lankan non-profit organization was held up because the hackers misspelled the name of the NGO, Shalika Foundation.
Hackers misspelled "foundation" in the NGO's name as "fandation", prompting a routing bank, Deutsche Bank, to seek clarification from the Bangladesh central bank, which stopped the transaction, one of the officials said. There is no evidence of any Nigerian letters telling of lottery winnings being involved.
These guys are running the world economy.
Schadenfreude: n: 1. delight in another's misfortune ety: german. from Schaden harm + Freude joy. What a fearful thing is it that any language should have a word expressive of the pleasure which men feel at the calamities of others; for the existence of the word bears testimony to the existence of the thing. And yet in more than one such a word is found. ... In the Greek epikhairekakia, in the German, 'Schadenfreude.' [Richard C. Trench, "On the Study of Words," 1852]
Bad news: President Lincoln at one time had hoped to relocate the entire black population of the U.S. to Central America. He even talked with the British about providing land for them in British Honduras, or modern-day Belize. He noted that “I am not, nor ever have been in favor of bringing about in any way the social and political equality of the white and black races.” Lincoln even referred to colonisation in the preliminary Emancipation Proclamation. Lincoln always promoted voluntary, rather than enforced, colonization and, hysteria aside, it seems as if his policy was in some stage of evolution before he was murdered. His secretary John Hay wrote in July 1864 that Lincoln had "sloughed off" colonization. This from a book, Colonization After Emancipation, by Phillip Magness and Sebastian Page. So the assessments of things, even by renowned men, can develop and change over time. it probably isn't proof they are cruel or crazy.
As a nation, the United States reduced its carbon emissions by 2% from last year. Over the past 14 years, our carbon emissions are down more than 10%. On a per-unit-of-GDP basis, U.S. carbon emissions are down by closer to 20%. Even more stunning: We’ve reduced our carbon emissions more than virtually any other nation in the world, including most of Europe.
We never ratified the Kyoto Treaty. We never adopted a national cap-and-trade system, or a carbon tax, as so many of the sanctimonious Europeans have done. And wind/solar is unchanged at 3%. So what has happened?
Fracking.
Super Delegates, from ABC:
"Hillary holds a substantial edge among a particular and little-noticed kind of delegate to the Democratic National Convention: Superdelegates.
On July 25, these superdelegates will cast votes at the Democratic National Convention for whomever they want, regardless of primary and caucus outcomes. Democrats like to describe superdelegates as mostly elected officials and prominent party members, including President Obama and former Presidents Bill Clinton and Jimmy Carter.
But this group, which consists of 21 governors, 40 senators and 193 representatives, only makes up about a third of the superdelegates. Many of the remaining 463 convention delegates are establishment insiders who get their status after years of donations and service to the party. Dozens of the 437 delegates in the DNC member category are registered federal and state lobbyists, according to an ABC News analysis.
In fact, when you remove elected officials from the superdelegate pool, at least one in seven of the rest are former or current lobbyists registered on the federal and state level, according to lobbying disclosure records.
That’s at least 67 lobbyists who will attend the convention as superdelegates. A majority of them have already committed to supporting Hillary Clinton for the nomination."
We never ratified the Kyoto Treaty. We never adopted a national cap-and-trade system, or a carbon tax, as so many of the sanctimonious Europeans have done. And wind/solar is unchanged at 3%. So what has happened?
Fracking.
Super Delegates, from ABC:
"Hillary holds a substantial edge among a particular and little-noticed kind of delegate to the Democratic National Convention: Superdelegates.
On July 25, these superdelegates will cast votes at the Democratic National Convention for whomever they want, regardless of primary and caucus outcomes. Democrats like to describe superdelegates as mostly elected officials and prominent party members, including President Obama and former Presidents Bill Clinton and Jimmy Carter.
But this group, which consists of 21 governors, 40 senators and 193 representatives, only makes up about a third of the superdelegates. Many of the remaining 463 convention delegates are establishment insiders who get their status after years of donations and service to the party. Dozens of the 437 delegates in the DNC member category are registered federal and state lobbyists, according to an ABC News analysis.
In fact, when you remove elected officials from the superdelegate pool, at least one in seven of the rest are former or current lobbyists registered on the federal and state level, according to lobbying disclosure records.
That’s at least 67 lobbyists who will attend the convention as superdelegates. A majority of them have already committed to supporting Hillary Clinton for the nomination."
So Sanders keeps winning, Hillary keeps ahead.
F. A. Hayek’s critique of Samuelsonian mathematical modeling: the economic problem is to grapple with scarce resources in an evolving world of competing ends with only imperfect, limited and dispersed knowledge.
Astonishing. On March 30, 2016, Attorney General Schneiderman, former Vice President Al Gore, and attorneys general from Massachusetts, Virginia, Connecticut, Maryland, Vermont, as well as Attorney General Walker of the U.S. Virgins, held a press conference in New York City to announce “an unprecedented coalition of top law enforcement officials committed to aggressively protecting and building upon the recent progress the United States has made in combating climate change.” Schneiderman said that the group, calling itself “AGs United for Clean Power,” will address climate change by threatening criminal investigations and charges against companies, policy organizations, scientists, and others who disagree with its members’ climate policy agenda.
Martavious Bryant has been suspended from professional football for one year for "substance abuse." According to NFL rules, suspended players cannot have contact with their team. Steeler teammates Moats and running back DeAngelo Williams both expressed concern about the isolation suspended players can experience. Williams said, also via Jeremy Fowler of ESPN, "How do you expect him to get better. He should be around his teammates. When you're 25 years old and a millionaire and you stay in your old neighborhood, nobody knows what you're going through."
AAAaaaannnndddd.....a graph:
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