Saturday, February 1, 2014

Cab Thoughts 2/1/14

"Not to know what happened before one was born is to be always a child." --Cicero

According to Census Bureau information analyzed by the Beverly LaHaye Institute, among families headed by two married parents in 2012, just 7.5% lived in poverty. By contrast, when families are headed by a single mother the poverty level jumps to 33.9%.  In 1964, when the war on poverty began, almost everyone was born in a family with two married parents: only 7% were not. So....should the Feds start supporting marriage? Or, for the sake of equality, ban it?

A recent survey from the University of Michigan's Institute for Social Research conducted in seven Muslim-majority countries (Tunisia, Egypt, Iraq, Lebanon, Pakistan, Saudi Arabia and Turkey), finds that most people prefer that a woman completely cover her hair, but not necessarily her face. Only in Turkey and Lebanon do more than one-in-four think it is appropriate for a woman to not cover her head at all in public.

Who is...Ikumi Yoshimatsu?

Rice Univ. researchers have developed a noninvasive technology that accurately detects low levels of malaria infection through the skin in seconds with a laser scanner--not called a "tricorder". The “vapor nanobubble” technology requires no dyes or diagnostic chemicals, and there is no need to draw blood.

inimical: adjective: 1. Harmful. 2. Unfriendly. ety: From Latin in- (not) + amicus (friend). A few other words that share the same root are: amigo, amity, enemy, amicable. Earliest documented use: 1645.


A study by some group called "The Center for Responsible Politics" discovered that for the first time, more than half those in the House and Senate are millionaires. One worries about that minority that is not. Perhaps some sort of wealth sharing?

A rarely discernible faint glow known as the gegenschein (German for "counter glow") can be seen 180 degrees around from the Sun in an extremely dark sky. The gegenschein is sunlight back-scattered off small interplanetary dust particles. These dust particles are millimeter sized splinters from asteroids and orbit in the ecliptic plane of the planets.

The nation has never experienced six years of hyper-low interest rates. In its history. What effect will this have? What impact has this had on the restructuring of the balance sheets of insurers and banks? Of households?  In striving to match assets and liabilities across 24 consecutive quarters of near-zero rates, what tricks might financial institutions have played (reaching-for-yield via derivative positions) that could backfire and occasion a financial crisis once the yield curve rises from the dead? 

Golden Oldie:

"The growth of the Internet will slow drastically, as the flaw in "Metcalfe's law" – which states that the number of potential connections in a network is proportional to the square of the number of participants – becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's…. As the rate of technological change in computing slows, the number of jobs for IT specialists will decelerate, then actually turn down; ten years from now, the phrase information economy will sound silly." Paul Krugman said this early in the last decade. This sentence is not raised to denigrate him or make him silly; it only shows how the most studious observers can misapprehend, underestimate or overestimate events and their significances. Predicting the future is very hard whether it is done with computer models or tarot cards.

Beam, the maker of Jim Beam and Maker's Mark bourbons along with other liquor brands, has agreed to be acquired by Japan's Suntory Holdings Ltd. for approximately $13.62 billion. This is just to break our spirit. The Yankees are probably next.


The Columbia burned up on re-entry to the Earth's atmosphere on this day, 2003. A piece of foam dislodged on takeoff , hit and damaged the cooling mechanism necessary to shield the vehicle from the temperatures generated by entering the atmosphere.
 

The feared "polar vortex," newspeak for "really big, cold storm," is all the rage. Discussions include forcasting errors, technological deficits, and the dreaded "global warming." The Farmer's Almanac has some information on the winter of 1888. There were two monster storms. The first, "The Children's Blizzard"--so called in a book by David Lasker--killed 235, mostly children who had gone to school lightly clothed on an unseasonably warm day only to be trapped in a sudden storm from the north. At one point the temperature dropped 18 degrees in 3 minutes. By morning is was -40. "By morning on Friday, January 13, 1888, more than a hundred children lay dead on the Dakota-Nebraska prairie" (David Lasker) along with teachers and families trying to find and protect them. Later that year a massive storm hit the East Coast from Chesapeake Bay to Canada on March 11. It raged for four days, leaving people trapped in their homes for another 10 days. As much as 50 inches of snow fell, temperatures were in the single digits with winds more than 45 mph and gusts of 80 mph. More than 400 people died. A quarter of them were sailors, trapped on their boats. Half the death toll was from New York. Everything stopped. There were snowdrifts 50 feet deep. Fires raged because fire trucks couldn’t respond due to impassable roads. Damage was estimated at $25 million; that would be more than $26 billion today. One can only imagine what such a storm now would do to our fragile minds.

Alaric Hunt, the newest winner of a debut-detective-novel writing contest, jointly sponsored by Minotaur Books (a St. Martin’s imprint) and the Private Eye Writers of America has been incarcerated in South Carolina since 1988 for murder, arson, robbery and other charges. Predictably this has caused some angst in all. The NYT did a story on it recently and it is worth the read. Hunt tested at an I.Q. of 137 in high school. His last visitor in prison was in 2006. "Belly of the Beast" redux.

For those appalled at the Nixon "enemy list" or the New Jersey spitefulness on the bridge lanes, be aware a new book is coming out stating that the Clinton campaign made a list of people who help Hilary's campaign and those who did not. The list, kept on an Excel spreadsheet, included ratings for each member on a scale from 1 ("most helpful") to 7 ("most treacherous"). The data, according to authors Jonathan Allen and Amie Parnes, "ensured that the acts of the sinners and saints would never be forgotten." According to the book, Clinton aides would later joke among themselves about those they felt had betrayed them: “Bill Richardson: investigated; John Edwards: disgraced by scandal; Chris Dodd: stepped down; Ted Kennedy: dead.” Sort of like the Corleones? More like the animosity shown among college fraternities.

In the past 20 years, the solar market has grown by an average of 30% per year. Growth continues to accelerate due to government incentives at the state and federal levels. Utility-scale solar projects are the largest source of growth for the photovoltaic (PV) industry, with 62 large-scale installations in the U.S. alone. Collectively, they generate over 4700 MWh of energy. And of course, there are also individual solar panels - 3.3 gigawatts' worth, or about 16 million individual panels- installed on rooftops across the U.S.. But this must come with the ability to store the energy that is not immediately used. So far, energy storage has not seen similar growth.

Financial writer Tim Harford has investigated aspects of poverty for a book he is writing. He references Adam Smith's remark that no man would consider appearing in public without a linen shirt--but the Roman emperors did not have linen shirts, the point being that poverty and social well-being has a temporal and social component. He discovered that if you graduate during a recession you end up being forced into occupational compromises unrelated to you or your educational preparation. More, if you are unemployed for a long time, you start to be very, very difficult to employ. There was a study by  doctoral student Rand Ghayad, where he mailed out resumes with varying experience and varying work histories. What he found was employers care more about  recent employment than  relevant experience. Being out of work for any length of time is a significant negative in trying to re-enter the workforce.

AAAAAnnnnnndddddd.....a representative of Gaia:
A Great White Shark is believed to have pulled the swimmer under

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