Wednesday, July 25, 2018

Reverie

"If you are planning for one year, grow rice. If you're planning for 20 years, grow trees. If you're planning for centuries, grow men." - Chinese proverb




A group of gold stocks that can give you the same crisis protection and return as gold miners, but with less risk are gold royalty/streaming companies. Royalty and streaming companies provide capital to mining companies. In return, they get a royalty on the miners’ future gold production. You have unlimited upside. As the price of gold rises, so do royalty payments and profits. Plus, if the mine production grows or its lifetime extends, the royalty company shares the rewards. And if the miners are more speculative than they are saying--or gold crashes--you get wiped out.






In 1845, as a solution to counteract job losses in some French domestic industries (like textiles) due to free trade, Bastiat proposed to the King of France that he “forbid all loyal subjects to use their right hands.”
This kind of humor would be very dangerous now.






Tosspot: Stick a noun to a verb and you have the basic recipe for coining a tosspot word. Two important points. First: the verb comes first. Second: The noun is the object of the verb, i.e. pickpocket is a tosspot word because a pickpocket picks pockets; repairman is not, because a repairman does not repair a man, unless you call your doctor a repairman. Some examples:
Scarecrow, pickpocket, breakfast, flapjack, shunpike (a road taken to avoid a toll)





Nineteen people have died of Ebola in Congo as health officials plan to send an experimental vaccine to prevent the spread of the virus that killed thousands in West Africa a few years ago.


The World Health Organization said there have been 39 confirmed and suspected cases of Ebola as the virus spreads across three rural areas covering nearly 40 miles in the northwest part of the country. Among the dead were three health-care workers. Health officials are following up with nearly 400 people identified as contacts of Ebola patients.

Health care workers are always the first to get sick.







The Supreme Court ruled 7-2 that a 25-year-old federal law that has effectively prohibited sports betting outside Nevada by forcing states to keep prohibitions on the books is unconstitutional. The ruling could set the stage for other states to expand legalized gambling as a source of government revenue. 
The government always alters its morality when taxes are involved. See marijuana.





The argument for diversity is not the happy one you usually hear. The very nature of life is diversity, diversity not for variety or entertainment but for competition, destruction and advancement. It is the true dialectic.
Diversity is not static, it provides the competition.









Who is...  Letitia Chai?





A firebrand cleric who led a militia which fought British and American troops in Iraq is on course to win the country’s elections, in what would be a surprise upset for Western-backed incumbent Haider al-Abadi. Moqtada al-Sadr’s Sairoon alliance of reformed Shia militants and communists was ahead in eight of Iraq's 18 provinces and second in four others.

Ah, democracy.




Nearly 45,000 annual deaths are associated with lack of health insurance, according to a new study published online today by the American Journal of Public Health. That figure is about two and a half times higher than an estimate from the Institute of Medicine (IOM) in 2002.
The study, conducted at Harvard Medical School and Cambridge Health Alliance, found that uninsured, working-age Americans have a 40 percent higher risk of death than their privately insured counterparts, up from a 25 percent excess death rate found in 1993.
While I can think of a lot of reasons for this loose correlation, this kind of nonsense study is often generalized into policy by well-meaning but poorly informed politicians and bureaucrats. The real question is, why would anyone do such a study--aside from it's being easy, I mean?




Over $100 billion in subsidies have been doled out to big wind and big solar over the last decade.
Billion.





Hilary was asked if being a capitalist hurt her in the last election. Her answer: "It's hard to know," she said, "but I mean, if you're in the Iowa caucuses and 41% of Democrats are socialists or self-described socialists, and I'm asked, 'Are you a capitalist?' and I say, 'Yes, but with appropriate regulation and appropriate accountability.' You know, that probably gets lost in the 'Oh, my gosh, she's a capitalist!'"


So the Democrat Party is ....what?




A Rasmussen poll found that nearly half of American likely voters support a guaranteed government job for all. This is likely to become a central presidential campaign issue for Democrats in 2020.
Are we talking digging the hole and filling it up here?







Over the past six months, at least four major nuclear power plants have been slated for shutdown, including the last one in operation in California.
What will pick up the slack?







The U.S. Department of Commerce issued a $1.7 million development grant in 2017 to build a "National Comedy Center."
This assumes they don't have one already.





In 2015, the Pirates won 98 games. Their average attendance was 30,000. But by the time the trade deadline had come and gone in 2016, seven key members of that 98-win team were no longer on the roster.
The Pirates won 78 games in 2016. Attendance dipped to 27,000 per game.
Last season, the Pirates won 75 games. Attendance dropped to 23,000 per.

This year attendance stands at just 15,000 per. (That's after averaging almost 28,000 over three games  for Andrew McCutchen's return to PNC Park as a member of the San Francisco Giants.)

True, the weather has been horrible. But quality--and its excitement--brings people out; mediocrity does not.

That said, they are playing much better.



As the participation in religion fades, will religious freedom be a priority in the future? Not an easy question. Gun ownership in the 1700s was taken as a given but certainly is debated now. 
In a recent demonstration over a Pence appearance many held signs saying "Freedom from Religion," a far cry from "freedom of religion."



Golden oldie:

http://steeleydock.blogspot.com/2016/02/putting-society-under-protective-custody.html





steeleydock.blogspot.com

I recently wrote a little blurb about the publishing of Huckleberry Finn and some reactions to it. In general, in the months after the  ...






The median age in Iran is 30.3, in the United States: 38.1; in the European Union, 42.9.






Retirement communities in the Appalachian Mountains are teeming with new retirees, most of them drawn north from Florida in search of less traffic, cheaper home prices and a laid-back lifestyle. (wsj)



The New York Times reports that some U.S. school districts are recruiting from e.g. the Philippines to fill teaching positions that pay too low to attract U.S. teachers.




By 2028, the value of net interest payments will equal about 3.1% of U.S. GDP, "nearly double the 1.6% projected for 2018."






Melania was hospitalized for a bit longer than one would expect for what everyone is guessing is wrong with her and what has been done. The theorizing is a perfect metaphor for politics: Everyone has a thesis and an opinion but no one knows either the general problems or the specifics.



The U.S. has confirmed the first woman to run the CIA.




From February 2016 to February 2018, "global average temperatures dropped by 0.56 degrees Celsius." That is the biggest two-year drop in the past century. Aaron Brown write, "The 2016-2018 Big Chill was composed of two Little Chills, the biggest five month drop ever (February to June 2016) and the fourth biggest (February to June 2017). A similar event from February to June 2018 would bring global average temperatures below the 1980s average."





The World Health Organization raised the public-health risk to the Congo from its latest Ebola outbreak to “very high,” as the deadly virus reaches a large port city.



60% of the electronic components of China's new smart phone, the ZTE Axon 3, comes from U.S. companies including Qualcomm, SanDisk and Skyworks.



Tesla Inc. will need about $10.5 billion in fresh capital through 2020 to keep operating and meet its own targets, Goldman Sachs analysts said.




Just a wonderful story, first reported in The Cornell Daily Sun and then around the world, at Cornell University, one of our "Ivy League" universities: Senior Letitia Chai presented a trial run of her scholar senior thesis wearing a blue button-down shirt and cutoff jean shorts. Her professor, Rebekah Maggor, asked her, "is that really what you would wear?"

The professor went on to say that Chai's shorts were "too short" — that as a speaker she was making a "statement" with her clothes. As reported in the newspaper, "The class does not have a formalized dress code, but asks students to 'dress appropriately for the persona (they) will present.'"

Offended and hurt by the professor's suggestion, Chai decided that she would present her thesis in even less clothing. She appeared before her fellow students in her shirt and shorts and then removed them. As she stripped down to a bra and panties, she explained: "I am more than Asian. I am more than a woman. I am more than Letitia Chai. I am a human being, and I ask you to take this leap of faith, to take this next step — or rather, this next strip — in our movement and to join me in revealing to each other and to seeing each other for who we truly are: members of the human race. ... We are so triumphant, but most importantly, we are equals."

Proving that the barricades are everywhere--or, perhaps, where you build them--twenty-eight of the 44 audience members followed suit, stripping down.




To rent a car for two months in Sarasota through Costco costs about 1350 dollars. Plus $595 TAX! Almost 50% TAX!




Mortgage rates this week jumped to their highest level since 2011, signaling a shift to a higher-rate environment that could slow home price appreciation and squeeze first-time buyers. (wsj)
 
Aaaaaaaaannnnndddddd.......a graph:

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