Saturday, June 18, 2016

Cab Thoughts 6/18/16

Knowledge always comes as a surprise, as an interruption of the previously held norm.. Therefore central planning can’t work.--Alaric Phlogiston


Vivian  Kellems, a doughty Connecticut entrepreneur, was outraged that she was forced to withhold federal taxes from her employees’ wages. She called it involuntary servitude, and she itched to make her constitutional argument in court. She never got that chance, but she published her plan for a peaceful revolution. She asked her readers to really examine the stub of their paycheck. Observe how much your employer pays you and how much less you take home. Notice the dollars withheld for Medicare, Social Security and so forth. If you are like most of us, you stopped looking long ago. You don’t miss the income that you never get to touch. “Such a payroll policy,” wrote Kellems in her memoir, Taxes, Toil and Trouble, “is entirely legal and if it were universally adopted, in six months we would have either a tax revolution or a startling contraction of the budget!” Her original plan was to have the taxes sent after the paycheck was issued.
My plan would be to have taxes due on election day.

In a leaked transcript, IMF staffers were caught on tape suggesting that a threat of an imminent financial catastrophe was needed to force other players into accepting its measures such as cutting Greek pensions and working conditions, or as Bloomberg puts it, "considering a plan to cause a credit event in Greece and destabilize Europe." The leaders of Europe were considering destabilizing Europe.

What is....Point Rosee?


Net exports (exports less imports) account for only about 4 percent of Chinese GDP. The amount of China’s economy dependent upon fixed capital investment is astronomical. For example, from 2011 to  2013, in three years, China produced more concrete than the United States did in the entire 20th century. Read that again.



With WW1 a mass rebranding of royalty was ordered by George V. The king led by example and dropped Saxe-Coburg-Gotha, adopting the British-sounding 'Windsor.' Much against their will, the rest of the in-laws were de-Germanized. Prince Alexander of Battenberg became the Marquess of Carisbrooke; Prince Alexander of Teck became the Earl of Athlone; Adolphus, Duke of Teck, became the Marquess of Cambridge. The unfortunate princesses of Schleswig-Holstein were demoted, in the king's words, to 'Helena Victoria and Marie Louise of Nothing.' And the unem­ployed Prince Louis of Battenberg would be Louis Mountbatten, Marquess of Milford Haven.



President Bill Clinton later called America’s failure to do anything to stop the genocide in Rwanda “the biggest regret” of his administration. But isn't our current policy to avoid such interventions? For example, ISIS is certainly a homicidal cult with genocidal aims. Isn't the idea we have no responsibilities to right these international wrongs?

The Spring following Pearl Harbor the Dodgers went to spring training in Havana. Hemingway was there, met several players, took them home to get drunk and got drunk himself. Eventually Hemingway challenged the man nearest his size, Dodger pitcher 'Apple Cheeks' Casey, to box. Casey was a lot like Hemingway, plagued by self-doubt and dark moods and drank to great excess. When Hemingway challenged him, he demurred at first. He was fourteen years younger than Hemingway and had boxed competitively. He didn't want to show up the man in his own house. But the old writer kept pushing until Casey agreed. They used gloves and Hemingway attacked Casey with all his might, throwing kicks along with punches. The fight continued until Casey knocked Hemingway down for good.

The constellation Leo is stuffed with galaxies that are visible in a backyard telescope. Three of the brightest and best known are M65, M66, and NGC 3628, also known as the “Leo Triplet”.  You can see all three galaxies in virtually any telescope and even in a good pair of binoculars. If you can see all three galaxies at once, keep in mind you’re seeing at one time the collected light of more than half a trillion stars. Half a trillion.
It is said that “Guccifer has no programming skills and guessed passwords of prominent public figures after reading their biographies.” ( reporter Matei Rosca ) So we are having our major leaders hacked by guys with my computer sophistication level?

Golden oldie:
One of the common criticisms of Obama is that he is tougher on America than he is on America's enemies. This from his interview in The Atlantic: “One of the reasons I am so focused on taking action multilaterally where our direct interests are not at stake is that multilateralism regulates hubris.” So the sharing of the burden of war efforts--as in Bosnia and Kuwait--is not an effort that promotes unification toward a just and worthwhile act. Rather it is a rebuke against America's arrogance and a reminder of its dangerous limits. Even in war this guy is scolding us.


Andrés Sepúlveda rigged elections throughout Latin America for almost a decade. On the question of whether the U.S. presidential campaign is being tampered with, he is unequivocal - "I'm 100 percent sure it is."

In the 1960s, archaeologists determined that a site on the northernmost tip of Newfoundland in Canada — L’Anse aux Meadows — had been a Viking settlement, established about a millennium before Columbus. L’Anse aux Meadows, however, had merely been a temporary settlement, which the Norse abandoned after a few short years. Thanks largely to the work of Sarah Parcak, a leading space archaeologist, evidence has been unearthed of a possible second Viking site in North America — and it’s located about 300 miles further south than L’Anse aux Meadows. The site at Point Rosee, which Parcak pinpointed after analyzing satellite imagery, is located on the southwest coast of Newfoundland. (NYT) Last summer, Parcak and a team of archaeologists conducted a test excavation at Point Rosee, and uncovered an “iron-working hearth [and some cooked bog iron] partially surrounded by the remains of what appears to have been a turf wall,” The National Geographic reports. It dates to between 800 AD and 1300 AD.

The International Space Station is the largest object ever constructed by humans in space. The station perimeter extends over roughly the area of a football field, although only a small fraction of this is composed of modules habitable by humans. The station is so large that it could not be launched all at once -- it continues to be built built piecemeal. To function, the ISS needs huge trusses, some over 15 meters long and with masses over 10,000 kilograms, to keep it rigid and to route electricity and liquid coolants.
Pecuniary: a: 1. of or relating to money: pecuniary difficulties. 2. consisting of or given or exacted in money or monetary payments: pecuniary tributes. Usage: My honest friend, in pecuniary matters, always be exact as a second-hand; never mind with whom it is, father or stranger, peasant or king, be exact to a tick of your honor.-- Herman Melville, Israel Potter, 1855. ety: Pecuniary can be traced to the Latin term pecūnia meaning "property, money" with the root pecū meaning "flock; farm animals." It entered English in the late 1400s.


Conservatives say they are underrepresented among college professors. (Oddly they, or the researchers who support their argument, do not target student populations for disparities, where the issue first arose. Might too many liberal students be admitted?) To show the faculty imbalance, scholars have matched names against voter-registration lists or sent out surveys to members of professional associations.
Recently some professors have gathered in a new organization, Heterodox Academy, to hammer away at this issue. The golden word appears in its founding statement. "Our mission is to increase viewpoint diversity in the academy." This means adding more conservatives. The outfit claims that its members cover the political spectrum, but they all object to a professoriate now "almost entirely on the left." For the Heterodox supporters, left-wing unanimity distorts research and teaching. Now diversity might cut two ways.

Some estimate that the aggregate underfunded position of all state and municipal pensions is in excess of $2 trillion -- portending a pension crisis in the years ahead. This underfunded position has caused many pensions to seek riskier, higher-yielding investments such as hedge funds. Kentucky's Employee Retirement System and Teachers Retirement System are among those pensions that are significantly underfunded and rife with conflicts of interest in management.

The Central Texas Angel Network, known as CTAN, was the most active individual angel group in the country in 2015, according to the HALO Report recently released by the Angel Resource Institute and PitchBook. Members of CTAN, a nonprofit organization of more than 150 accredited angel investors, invested more than $13.3 million into 43 startups last year. Of those, 20 were new investments and 23 were follow-on investments into existing portfolio companies. With these investment totals, the group increased its funding activity by 30 percent over 2014, though annual investment dollars dropped slightly from a high of $14.6 million in 2014. In addition, the CTAN portfolio achieved seven exits in 2015, almost doubling the group’s total exit activity since its founding in 2006. Over the past 10 years, CTAN members have invested more than $68.4 million into 127 companies.

The giant Pacific octo­pus is one of the fastest-growing animals on the planet. Hatching from an egg the size of a grain of rice, one can grow both longer and heavier than a man in three years.

The original story of Pinocchio, written by Carlo Collodi in 1883, was an outgrowth of the efforts to create an 'Italian' education and literature for children in the newly united nation of Italy, a nation that had never previously had a national literature. It is not a charming story. The puppet escapes his creator, harasses and abuses him, kills his cricket advisor (the eventual Disney Jiminy Cricket) and generally runs amuck. He is a character of thoughtless exuberance  who swings between lies and candor, generous sentiment and cruel mockery, with good intentions but no fortitude. This is often discussed as somehow representative of the Tuscan personality but certainly not by Tuscany's friends.


Rule 40(b) is a recent addition to the Republican Party rule book. It stipulates that in order to win the nomination, a candidate must demonstrate he has earned a majority of delegates from at least eight different states. Rule 40 (b) was passed originally to thwart libertarian candidate Ron Paul.

AAAaaaannnnnndddddddd....a picture of The International Space Station over the Earth:
See Explanation.  Clicking on the picture will download  the highest resolution version available. 

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