Wednesday, April 2, 2014

Cab Thoughts 4/2/14

The contest for ages has been to rescue liberty from the grasp of executive power--Daniel Webster



On average, the human body makes approximately 1000 mg of sulfites every day, an amount that is about one hundred times higher than the sulfites content that can be found in a standard glass of red wine.

Chinese households do not have a lot of investment options so they invest in property. Currently, the price-to-rent ratio of China's eight key cities is 39.4 times – this figure was 22.8 times in America just before its housing crisis. China has consumed just 65% of the cement it has produced in the past five years, after exports. The country is currently outputting more steel than the next seven largest producers combined – it now has 200 million tons of excess capacity, more that the EU and Japan's total production so far this year. Chinese corporations are the most highly leveraged in the world and more than twice as leveraged as U.S. corporations.

Who is.....Jan Koum?

Japan has some serious problems. In the 16 months since Japanese Prime Minister Shinzo Abe launched his plan to regrow Japan’s shrinking economy the yen has depreciated by 22% against the dollar, 28% against the euro and 24% against the renminbi. Their effort to increase exports--into a world economic community with declining demand and prices--demands they drop their prices. So, they are in the situation of the old joke where the business is losing money on every sale so....they try to make it up on volume.

James Neal has a power forward's size, shot and demeanor but is an absolute idiot; he simply cannot avoid taking the crucial penalty. But his bad press lately is difficult to take seriously. After all, his greatest outrage, the kneeing of Marchand, was only the minor outrage in a game where Thompson tried to kill Orpik.

Dr. Ezekiel Emanuel, chairman of the Department of Medical Ethics and Health Policy at the University of Pennsylvania and one of the architects of the Affordable Care Act says that we’re beginning to see what he called the “Kaiserification” of our health care system. Emanuel says we’re witnessing “the end of insurance companies as we know them” and that if they want to survive, they “will have to get into the business of providing care.” At a conference in Washington on Thursday, health care and business professionals said that there’s an increasing trend in the industry toward cutting insurance companies out of the process entirely, as large, regional hospital systems move into the insurance business. This is a hugely important change these people plan. 

Eighty-five people have as much money as do the poorest 3.5 billion. The top 1% have almost half the liquid wealth that has been accumulated in the world. But the world is different from the 1800s and 1900s. Wealth is not generated by a few people exploiting the factory worker, wealth is generated by a few people with a new, good idea who then sell it to a huge number of people who pay very little for it. TVs, phones, apps--this is a new and different economic scenario. Google gives away most of their apps. The zero sum argument ending with blood all over the walls just does not have application now. The rich guy is the inventor, the innovator, and his products are cheap and everyone really, really wants them. Is anyone mad at Jan Koum who has been living on food stamps and created tremendous wealth with a partner and less than 70 employees in just a few years on the strength of an idea, a lot of chutzpah, and some venture capital?
These are hard times for community organizers, too.

Golden Oldie:
http://steeleydock.blogspot.com/2012/07/gamboling-gambling-and-ludomania.html

The battle in the Supreme Court has an interesting twist. The government is willing to allow exemptions to religious groups but that exemption is not available to for-profit groups. So if a business is incorporated and for-profit, it forfeits normal constitutional rights?
 
Only 35% of the working-age population in Puerto Rico actually work.

Stability is the goal of most people and organizations. But the economist Hyman Minsky theorizes that stability leads to instability and the longer the period of stability, the higher the potential risk for even greater instability when market participants must change their behavior. He was generally ignored until the last decade but now has quite a following. His example was an avalanche which is nothing but a stable pile of snow--until it isn't. One wonders if there is a social/political application too.

The National Safety Council’s annual report found 26 percent of all car crashes are tied to phone use, but noted just 5 percent involved texting.

Physicists and engineers are building an International Thermonuclear Experimental Reactor, or ITER, in France. When finished it will stand one hundred feet tall and weigh twenty-three thousand tons and will ionize hydrogen to achieve temperatures of over two hundred million degrees Celsius. So, what are they going to contain it in?

Protean: adj. Variable, changeable, versatile; readily assuming different forms or characters. From the Greek "Proteus," a god of bodies of water, who could change his appearance at will. Probably he is the son of Poseidon.
 
 
The milk product "cottage cheese" is probably so named because it was an easy type of cheese for anyone to make at home, or in the cottage. Miss Muffet just separated the curds from the whey and used the curds for cheese.


AAAAaaaaannnndddddd......a poster:


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