It is error only, and not truth, that shrinks from inquiry. -Thomas Paine, philosopher and writer (1737-1809)
95% all of Napa Valley's wineries are family-owned. 75 percent of the area's wineries produce fewer than 10,000 cases annually.
In a recent Journal op-ed, Harvard economist Martin Feldstein ticked off a series of errors in Thomas Piketty's "Capital in the Twenty-First Century." Now the UK's Financial Times also sees "data problems and errors" in the popular theory that has been lauded by economists including Paul Krugman.
After reviewing Mr. Piketty's work, the Financial Times finds "unexplained entries in his spreadsheets, cherry picking data sources and transcription errors. Taken together, these problems seem to undermine his conclusion that wealth inequality is rising in the US and in Europe."
But apparently the numbers do work if the rich live forever.
But apparently the numbers do work if the rich live forever.
There is more oil and gas in North Dakota than in Saudi Arabia.
A nationally known economist has created a model of the economy using spending on dining out, casino gambling, jewelry and watches, cosmetics and perfumes, and women’s dresses as a core proxy for the economy.
In 1964, 76% of Americans trusted government to do the right thing "just about always or most of the time"; today, 19% do.
Twenty-nine percent of Americans — about 47% of blacks and 48% of Hispanics — live in households receiving means-tested benefits.
From 1959 to 1966 — before the War on Poverty was implemented — the percentage of Americans living in poverty plunged by one-third, from 22.4 to 14.7, slightly lower than in 2012. "By 2011 ... average per capita housing space for people in poverty was higher than the U.S. average for 1980. ... (Many) appliances were more common in officially impoverished homes in 2011 than in the typical American home of 1980. ... DVD players, personal computers and home Internet access are now typical in them — amenities not even the richest U.S. households could avail themselves of at the start of the War on Poverty." Nicholas Eberstadt, in "The Great Society at Fifty: The Triumph and the Tragedy"
Red Cross says that more than half of all Americans (54 percent), and two-thirds of African-Americans (67 percent), cannot meet a basic set of water safety standards.
Who is....Olivia Langdon?
"Prius was the first serious electric-gas hybrid, and it got its watts from batteries—the metal-hydride chemistry, at first, and now the more advanced lithium-ion kind.
Last week, though, by letting its battery R&D alliance with Tesla Motors lapse, Toyota signaled that it is doubling down on the main alternative source of electric power. "The long-term play is going to be fuel cell," Jim Lentz, head of Toyota’s North American region, said at a Fortune magazine conference a few days ago.
Some press reports have drawn a false distinction between fuel cells and electric vehicles, or EVs. A fuel-cell vehicle is fact an EV because, like a battery vehicle, it stores chemical energy that is later released in the form of electricity. It's just that fuel cells can be refilled—with hydrogen—whereas batteries must be recharged."--Spectrum
Hydrogen Power!?
"we have to recognize Afghanistan will not be a perfect place, and it is not America's responsibility to make it one."--Obama channeling reality and battering a straw man.
Some press reports have drawn a false distinction between fuel cells and electric vehicles, or EVs. A fuel-cell vehicle is fact an EV because, like a battery vehicle, it stores chemical energy that is later released in the form of electricity. It's just that fuel cells can be refilled—with hydrogen—whereas batteries must be recharged."--Spectrum
Hydrogen Power!?
"we have to recognize Afghanistan will not be a perfect place, and it is not America's responsibility to make it one."--Obama channeling reality and battering a straw man.
The decline in the unemployment rate reflects an unusually low participation rate. The number of discouraged workers is down by 40% from the peak. At the margin, people are choosing to stay out of the work force in response to government incentives to remain idle. Three-quarters of the reduction in the participation rate apparently is attributable to demographics, as the number of Baby Boomers reaching age 65 is rising dramatically. Another view is that the Affordable Care Act is encouraging employers to decrease employee hours so new jobs are being created for people who now have to hold multiple part-time jobs, but that does not constitute a genuine increase in employment or GNP.
An analyst expects Israel and the US to make a deal with Iran in the next twelve months – and if they do, Iran will bring 1.5 million additional barrels of oil to world markets. He states that shale oil and gas is a game changer for the US both politically and economically. The U.S. will gain considerably but he expects a rise in American isolationism as well.
From 2000 to 2013, VA outlays nearly tripled while the population of veterans declined by 4.3 million. Medicaid-care spending, which consumes about 40% of the VA's budget, has climbed 193% over those years. The number of patients served by the VA each year went up only 68%.
Golden oldie:
Before the Elliot Rodger murders, California had the strictest gun control laws in the country and had received an A- grade in a state-by-state analysis by the Brady Campaign to Prevent Gun Violence and the Law Center to Prevent Gun Violence.
May 29, 1919. The English astronomer Arthur Eddington set up telescopes and cameras on Príncipe, an island off western Africa and waited for the eclipse. Einstein's Theory of Relativity predicted that gravity should bend light. So light from distant stars should curve as it passed by the sun. If true, the stars’ positions in the sky should appear to shift compared with their true positions. The sun’s brightness made this shift impossible to observe, of course—except during an eclipse, when stars could peek out from behind its shadow. On May 29, 1919, with the world still smoldering from another homicidal period of parochial war, an Englishman set his telescope up to prove the thesis of a German, a thesis about the rules of the universe. It was cloudy and had rained earlier; Eddington got 16 pictures but only two of value. But it was enough.
Eddington later said it was the greatest day of his life.
A blog I follow had a note that included the phrase "come to Jesus moment." One responder was very upset, having never heard the phrase. Idioms are interesting and cultural ignorance of them can be dangerous. Jackie Robinson was once ribbed for gaining some weight and the guy said that Robinson had "a spare tire." Robinson, for some reason, thought this was a racial slur and went after the guy with a bat.
Impecunious: adjective: Having little or no money. From Latin im- (not) + pecunia (money), from pecus (cattle). Ultimately from the Indo-European root peku- (wealth), which also gave us fee, fief, fellow, peculiar, impecunious, and pecuniary. Earliest documented use: 1596. Wealth equated with cattle.
AAAAAAaaaaannnnnndddddd.............a chart:
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