Wednesday, December 7, 2016

Cab Thoughts

Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.--Jim Grant

The nature of Communism as a recognition of the true class struggle sees members of a "class" as enemies. So one would kill the enemies' kin. Like cartels. Ideology as a criminal enterprise.
The leftist obsession with “equality” and leveling means the state must insinuate itself into employment, finance, education, private clubs — pretty much every nook and cranny of civil society. In the name of diversity, every institution is forced to look exactly like every other one.
The left can’t ever be satisfied because its creed is a permanent revolution in the service of unattainable ends like “equality.” People of different skills and endowments will reap different rewards, which means constant intervention into civil society. Moreover, equality vanishes the moment people begin freely exchanging money for the goods they desire, so again: the state must be involved in everything, at all times.
Moreover, each generation of liberals undermines and scoffs at what the previous one took for granted. The revolution marches on.--Rockwell (from Mises)

The U.S. Census has a segment on poverty showing, every year, that it tends to be a temporary state. A quote from it: "The Survey of Income and Program Participation (SIPP) provides monthly data about labor force participation and income sources and amounts. The data yield insights into the dynamic nature of these experiences and the economic mobility of U.S. residents. For example, the data demonstrate that using a longer time frame to measure poverty (e.g., 4 years) yields, on average, a lower poverty rate than the annual measures presented in this report, while using a shorter time frame (e.g., 2 months) yields higher poverty rates." And "During the 4-year period from 2009 to 2012, 34.5 percent of the population had at least one spell of poverty lasting 2 or more months." And "Chronic poverty over the 4-year period from 2009 to 2012 was relatively uncommon, with 2.7 percent of the population living in poverty all 48 months."

Vatican City is the world's smallest country. Since its incorporation, it has never had a birth.

Between 1948 and 1994--the 46 years during which Italy had 50 different governments--the country wasn't politically unstable: it has been remarkably, perhaps excessively, stable instead. All these governments were voted by a parliamentary majority in which the biggest party was invariably the Christian Democracy. One theory is that the majority was a solid consensus--the Communists being the outlying and awful second party--so that struggles for government power continued within an establishment.

In their 2008 book, Minimum Wages, economists David Neumark and William Wascher found that 2/3rds of studies on minimum wage legislation find negative effects on employment.

During the Apollo missions, the Soviets were trying to get a robotic probe to land on the Moon and bring back a soil sample. They called the probes “Luna,” and one of them—Luna 15—went out into space three days before Apollo 11.
The two countries shared their flight plans to make sure the ships didn’t collide. The Soviets hid the purpose of Luna 15, but they let America know where it would be so Apollo 11 could touch down safely.
While Neil Armstrong and Buzz Aldrin took their first steps on the Moon, Luna 15 was touching down on the surface. It crashed into the side of a mountain and was destroyed.

“Master” and “associate master” are titles for professors who reside at one of Yale’s colleges and are responsible for its academic and social life. The title has since been changed to “head of college” in the wake of last year’s protests, as many students thought the term was racist.

Solipsism is the belief that the self is the only thing that we can be sure exists. It’s Descartes’s “I think, therefore I am”—but what about the rest of you? The question of how we should act in light of this belief is one of those eternal issues for philosophers, both in their work and their thought-obsessed lives. One wonders what the modern world, with its electronic and isolated connection, will allow.

Who is....David Horowitz?

Tobacco has killed 50 million people in the last decade. If trends continue, a billion people will die from tobacco use and exposure this century, which equates to one person every six seconds. I wonder if anyone could sue the Indian Nation casinos for reparations.

David Horowitz was raised by parents who were members of the Communist Party. From 1956-75, Horowitz was an outspoken adherent of the New Left. He later rejected leftism completely and has since become a leading proponent of conservatism. (wiki) It seems as with all converts, he embraces his new ideology fiercely.
Horowitz objects to the claim that the U.S. is "racist," and angrily rejects Obama's claim “racism is still part of our DNA that’s passed on.” He writes: "Black Africans were enslaved by other black Africans and sold at slave markets to western slavers. America inherited this slave system from the British Empire, and once it was independent, ended the slave trade and almost all slavery in the northern states within twenty years of its birth. America then risked its survival as a nation and sacrificed 350,000 mostly white Union lives, to end slavery in the south as well. In other words, as far as blacks are concerned, America’s true legacy is not slavery, but freedom. As noted, American blacks today have more freedom, rights and privileges than blacks in any black nation in the world." And, "The U.S. has twice elected a black president, had two black secretaries of state, three black national security advisors and two successive black attorneys general along with thousands of black elected officials, mayors, police chiefs and congressmen. In addition, blacks play dominant roles in shaping America’s popular and sports cultures, and thus in shaping the outlooks and expectations of American youth."

The only thing worse than making a mistake is refusing to admit it. This is also true for investing and dating.

Golden oldie:
Jack Lew is Obama's new nominee for Treasury to replace the semi-esteemed Geithner. According to the news release on Yahoo, Lew "doesn't ha...

Common knowledge states that anyone who trusts e-mail messages promising wealth from Nigerian princes is a complete fool.  So why is it not knowledge equally as common that anyone who trusts political messages promising wealth from politicians is no less a fool?--Bordeaux

This policy of pristine — and preening — disengagement from the grubby imperatives of realpolitik yielded Crimea, the South China Sea, the rise of the Islamic State, the return of Iran. And now the horror and the shame of Aleppo.--Krauthammer on the Obama's reinvention of American foreign policy to "universal norms, mutual obligation, international law and multilateral institutions."

United States Air Force's X-37B space plane has cruised beyond 500 days in Earth orbit since its launch last year.  The U.S. military launched the robotic X-37B space plane on May 20, 2015, marking the fourth flight for the Air Force program. A United Launch Alliance Atlas V rocket lofted the spacecraft from Florida's Cape Canaveral Air Force Station to kick off the OTV-4 mission (short for Orbital Test Vehicle-4).
Exactly what the winged space plane's duties are while it's in orbit continues to remain a tight-lipped affair. Similarly, how long the vehicle will remain in orbit has not been detailed. 

If you buy into the belief that scorers produce at their peak levels between the ages of 23 and 25 (and there is plenty of evidence to suggest they do) Crosby was only able to play 99 out of a possible 212 games during that stretch due to complications from injury and a half season lockout. It has already helped make his career one of the all-time great “what-if” careers in hockey.
When he was on the ice during those seasons he was scoring at a pace that was at a completely different level from every player in hockey. For those three years the gap between him and the No. 2 scorer (his teammate, Malkin) was the same as the gap between the No. 2 scorer and the No. 49 scorer. It probably cost him a couple of more scoring titles, maybe an MVP award, and perhaps even another Stanley Cup.

If we look over the entire spectrum of government activity, we observe immediately that the creation of monopolies is one of the government’s major preoccupations.  It is traditional to say that the tariff is the “mother of monopolies,” and certainly no one who contemplates the U.S. trade-barrier structure would raise any question about this, except possibly to call attention to the existence of quotas as well.  Agriculture has been thoroughly monopolized by the Department of Agriculture, which not only restricts production, thus raising the price of food, but also uses the taxpayers’ money to subsidize the farmers in return for their agreeing to reduce production.--Gordon Tullock

AAAAaaaaaannnnnnddddddddd.......An artist's depiction of the U.S. Air Force's unmanned X-37B space plane in orbit with its solar array deployed and payload bay open:

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