"There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. Yet this difference is tremendous; for it almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Whence it follows that the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil."
- From an essay by Frédéric Bastiat in 1850, "That Which Is Seen and That Which Is Unseen"
- From an essay by Frédéric Bastiat in 1850, "That Which Is Seen and That Which Is Unseen"
The State Department’s Inspector General Steve Linick warned “significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years.
So the U.S. is now upset over the word "bossy." A lot of celebrities certainly are and I suppose that proves it. It seems some think this is a criticism of young girls that cramps their development. We have begun banning words, can thoughts and beliefs be far behind? Not so far fetched with the recent resignation of Brendan Eich, the CEO of Mozilla. Eich contributed to the Proposition 8 campaign in California in an attempt to outlaw gay marriage 6 years ago. This was a legal question and legitimate debate--and, incidentally, Obama was opposed to gay marriage at the time. Because of the revelation of that position, Eich was forced out. (In fairness, this was not entirely political but economic as people threatened boycott of the company.)
But "bossy, " like the dreaded "N word," shows a willingness toward censorship, remarkably prominent in the entertainment/artistic industry. Anyway, anything that attacks a tenet of "Peanuts" cannot be of value.
DNA introduces information into nature.
Fairness is a complicated notion. Does the soldier under fire for his country think the grocer at home is doing his fair share? Does the farmer think the local drunkard is? What about the ICU nurse on a 12 hour shift; does she think the tenured professor teaching one hour a week is?
There's a big difference between getting your fair share and doing your fair share but it seems reasonable that the opening of one door opens the other. And receiving a fair share can be achieved by force while contributing a fair share can only be encouraged.
The first two Iranian oil leases went to......Russia and China.
Rep. Daniel Sickles of New York, a decorated soldier who fought at Gettysburg, killed his wife's lover, Philip Keys (the son of Francis Scott Keys) and was acquitted with America's first successful temporary insanity defense.
Drama: As standards become more individualized, so do ideals. Drama is difficult without some ideal so, with declining standards, drama becomes less universal, more particular and tribal. Since the drama may not involve the audience, it must become more intense to be of interest.
Who was....Iosif Vissarionovich Dzhugashvili?
Another lost book. A book by historian Will Durant, who died in 1981, will be published in December by Simon & Schuster. It was found last year in his granddaughter's attic.
At least 10 million men died in WWI; more than twice that number were seriously injured. Those who bore mental scars for the remainder of their lives are uncounted, as are the civilians who died or who were damaged by bereavement or dislocation. The war destroyed empires (some quickly, some more slowly), created fractious new nation-states, gave a sense of identity to the British dominions, forced America to become a world power and led directly to Soviet communism, the rise of Hitler, the second world war and the Holocaust. The turmoil in the Middle East has its roots in the world it spawned. As Fritz Stern, a German-American historian, put it, the conflict was “the first calamity of the 20th century, the calamity from which all other calamities sprang”. (From March 29th Economist that has a review of new books out on the War.)
Under law, any U.N. agency that recognizes "Palestine" has its U.S. funds cut off.
"Koch Industries was the only major producer in the ethanol industry to argue for the demise of the ethanol tax credit in 2011. That government handout (which cost taxpayers billions) needlessly drove up food and fuel prices as well as other costs for consumers—many of whom were poor or otherwise disadvantaged."---Charles Koch
Golden Oldie:
The U.S. Justice Department is investigating high-speed trading for possible insider trading, giant brain Attorney General Eric Holder told lawmakers. This after high-speed trading has been the topic of every single investment house in the nation for years and Lewis has published a book on it. No front-running here.
Amazon: n: A strong, husky woman; From a mythical race of warrior women, although there have been graves of Sarmatian war chiefs who were female found in the area of the Black Sea. The word Amazon itself is Greek for "breastless" as it was believed that Amazons severed a breast in order to shoot an arrow with greater ease.
There are an estimated three million undiscovered shipwrecks scattered on the oceans' floor across the world, some of which are thousands of years old.
Giancarlo Stanton's 1st-inning HR 4/4/14 was calculated at 484 feet. Most baseball historians seem to agree that Mickey Mantle owns the longest home run ever hit. Some argue that he once hit a baseball 734 feet at Yankee Stadium on May 22, 1963. Others say Mantle's blast off Chuck Stobbs at Griffith Stadium in Washington, D.C in 1953 was measured at 565 feet, making it the official longest home run.
There are an estimated three million undiscovered shipwrecks scattered on the oceans' floor across the world, some of which are thousands of years old.
Giancarlo Stanton's 1st-inning HR 4/4/14 was calculated at 484 feet. Most baseball historians seem to agree that Mickey Mantle owns the longest home run ever hit. Some argue that he once hit a baseball 734 feet at Yankee Stadium on May 22, 1963. Others say Mantle's blast off Chuck Stobbs at Griffith Stadium in Washington, D.C in 1953 was measured at 565 feet, making it the official longest home run.
A portfolio composed of three broad-based, low-cost mutual funds from Vanguard Group—40% in the Vanguard Total Stock MarketIndex Fund(VTSMX), 20% in the Vanguard Total International Stock Index Fund(VGTSX) and 40% in the Vanguard Total Bond Market Index Fund (VBMFX)—beat 5,000 variations of similarly composed portfolios of actively managed funds more than 80% of the time over a 16-year period (1997-2012), according to a recent study by Rick Ferri. The point is diversification and low cost.
AAAAAnnnnnnnnddddd......Hillary and Bill in the 70's:
No comments:
Post a Comment