On this day:
1056
After a sudden illness a few days previous, Byzantine Empress Theodora dies without children to succeed the throne, thus ending the Macedonian dynasty.
1803
Lewis and Clark start their expedition to the west by leaving Pittsburgh, Pennsylvania at 11 in the morning.
Is there an event in the city to commemorate that?
1864
During the American Civil War, Union forces led by General William T. Sherman launch an assault on Atlanta, Georgia.
1888
Mary Ann Nichols is murdered. She is the first of Jack the Ripper’s confirmed victims
1939
Nazi Germany mounts a staged attack on the Gleiwitz radio station, creating an excuse to attack Poland the following day, thus starting World War II in Europe.
1997
Diana, Princess of Wales, her companion Dodi Al-Fayed and driver Henri Paul die in a car crash in Paris.
"Pozzolan concrete is a great example.... The recipe to make it was lost for over 400 years when Rome fell, but we have every act that Caligula did or thought of." --Brian McCague
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A refined value of pi was obtained by the Chinese much earlier than in the West. The Chinese had two advantages over most of the world: they used decimal notations and they used a symbol for zero. European mathematicians would not use a symbolic zero until the late Middle Ages through contact with Indian and Arabic thinkers.
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Sacagawea was the teenage wife of a French-Canadian fur trapper, Toussaint Charbonneau, who had purchased her from Hidatsa kidnappers. Lewis and Clark hired Charbonneau as an interpreter for their projected expedition to the Pacific and back, provided he agreed to bring along his young wife and the child, Jean Baptiste Charbonneau. No war party, the Indians reasoned, would bring along a mother and infant. When the Corps of Discovery returned east in 1805, Charbonneau, Sacagawea, and Jean Baptiste resumed the fur-trading life. Little is known of Sacagawea’s subsequent fate, though a fur trader claimed she died of a “putrid fever” in 1812 at a Missouri River trading post. True to a promise he had made to Sacagawea during the expedition, Clark paid for Jean Baptiste’s education at a St. Louis Catholic academy and became something of an adoptive father to the boy. A bright and charismatic young man, Jean Baptiste learned French, German, and Spanish, hunted with noblemen in the Black Forest of Germany, traveled in Africa, and returned to explore further the American West. He died in 1866 en route to the newly discovered gold fields of Montana.
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Green Bay traded for Steelers RB Kaleb Johnson in exchange for a 2028 sixth-round pick on Sunday. And Jones gone, too.
And Novak Djokovic was knocked out of the U.S. Open in the first round.
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Comparable Oppression
'Comparable worth' refers to the principle that different jobs requiring similar skills, effort, and responsibility should receive equal pay, regardless of the job's field. This concept aims to address wage disparities, particularly between traditionally male and female occupations. There is little argument that people doing the same job should get the same pay.
Some of these conflicts receive surprisingly uniform support. Female tennis players get the same prizes in tournaments despite playing a different game with different balls, shorter matches, and- significantly- much smaller audiences than men. Soccer players get the same prizes with almost no popularity in the female game. So, how is that equal work concept determined?
And what about different jobs? What should an ICU nurse make in a comparable salary? Like a truck driver? An accountant? What about a guy on a trading desk?
One can imagine how many bureaus and profound Credentialed Ones would be required to assess different fields and occupations and grade their degree of equality.
Tabarrok writes that Hayek, in The Mirage of Social Justice, says justice is about conduct — how one person treats another. An employer who defrauds his workers, an employee who steals from the till, a product sold under false pretenses — condemn them, take them to court. But the pattern of prices that emerges from millions of voluntary trades is nobody’s conduct. No one chose it, no one designed it, no one can be guilty of it. The constellation of prices is, in Ferguson’s phrase, the result of human action but not of human design. Tabarrok says demanding that prices be just is a category error, like suing the weather. Prices don’t grade our merit; they guide our actions. Ask them to do the first, and they can no longer do the second.
'Comparable worth' refers to the principle that different jobs requiring similar skills, effort, and responsibility should receive equal pay, regardless of the job's field. This concept aims to address wage disparities, particularly between traditionally male and female occupations. There is little argument that people doing the same job should get the same pay.
Some of these conflicts receive surprisingly uniform support. Female tennis players get the same prizes in tournaments despite playing a different game with different balls, shorter matches, and- significantly- much smaller audiences than men. Soccer players get the same prizes with almost no popularity in the female game. So, how is that equal work concept determined?
And what about different jobs? What should an ICU nurse make in a comparable salary? Like a truck driver? An accountant? What about a guy on a trading desk?
One can imagine how many bureaus and profound Credentialed Ones would be required to assess different fields and occupations and grade their degree of equality.
Tabarrok writes that Hayek, in The Mirage of Social Justice, says justice is about conduct — how one person treats another. An employer who defrauds his workers, an employee who steals from the till, a product sold under false pretenses — condemn them, take them to court. But the pattern of prices that emerges from millions of voluntary trades is nobody’s conduct. No one chose it, no one designed it, no one can be guilty of it. The constellation of prices is, in Ferguson’s phrase, the result of human action but not of human design. Tabarrok says demanding that prices be just is a category error, like suing the weather. Prices don’t grade our merit; they guide our actions. Ask them to do the first, and they can no longer do the second.
"Category error."
Judge Anthony Kennedy said in the Ninth Circuit ruling: “neither law nor logic deems the free market system a suspect enterprise.”
Judge Anthony Kennedy said in the Ninth Circuit ruling: “neither law nor logic deems the free market system a suspect enterprise.”
The job of our government managers should be to keep those free markets free.
