Archive for the 'Economics' Category

Heh…

Philip and Kate

The Clinton Foundation Scandal

While the obvious bribery of the former Secretary of State will be her undoing as a presidential candidate, this really is the bigger scandal: The Clinton Foundation is nothing more than a money laundering operation.

Take a look at this graphic:

 

The Ace and I were talking about just this sort of thing last night. I had received an e-mail solicitation from a company I’ve done business with in the past to contribute toward earthquake relief in Nepal. I would never funnel my charitable contributions through a third party, I would send my money directly to the charity of my choice. Look at that chart to see why.

Kling’s Three Laws

A good post:

1. Sometimes it’s this way, and sometimes it’s that way.

2. The data are insufficient.

3. The methodology is flawed.

As I’ve aged, I’ve come to embrace this sort of thinking about all the arguments I was so certain of 20 years ago. It is too bad that those that make policy have not learned any humility in their approach to problem solving.

Chris McCandless Starved to Death

I was reminded of the troubled Chris McCandless over at Sailer’s place, where he has a post about the writer John Krakauer.

This post by a guy named Samuel Thayer, makes solid points about McCandless starving to death:

I like to measure my food in calorie-days—the number of days of my full caloric requirement that the food represents. I calculated Chris’s calorie requirement as 3,300 per day based on his age, gender, a body weight of 145 pounds, and heavy physical activity, using guidelines from Grodner et al. (1996). This estimate is rough, and the true figure would depend on many unknowable variables. Still, my point is easily demonstrated: McCandless didn’t have nearly enough food. He began his journey on April 28 with a ten pound bag of rice—which constituted less than five calorie-days. By May 9, he had only killed one grouse and had written “4th day famine” in his journal. The rice was already long gone.

And:

The squirrels that McCandless was eating (Tamiasciurus hudsonicus) typically weigh five to nine ounces (Whitaker, 1996). Using seven ounces as an average, and realizing that after subtracting the skin, tail, head, bones, feet, and entrails, the edible flesh would constitute about 40 percent of that weight, or 2.8 ounces of meat per squirrel. This means that he would have needed to eat about twenty-five squirrels per day to meet his caloric requirement. If he carefully removed and ate the liver, kidneys, kidney fat, heart, lungs, and brain of each squirrel, he would have about doubled the calories that he received from each animal. Since he probably did this to some extent, I estimate that he needed roughly sixteen squirrels to equal a calorie-day.

Go read the whole post, it is fascinating. Thayer says McCandless, if he was eating just wild berries alone, would have to eat something on the order of thirteen pounds of blueberries to meet his daily caloric needs. I can’t even begin to imagine eating that much fruit in one day.

Submarine Cable Map 2015

Submarine Cable Map 2015.

Cool.

Ferguson home values have plummeted almost 50 percent since Michael Brown’s death

Ferguson home values have plummeted almost 50 percent since Michael Brown’s death.

From the article:

The average selling price of a home in the city has been on a steady decline since the shooting of Brown last August, according to housing data compiled from MARIS, an information and statistics service for real estate agents. Prior to Brown’s death, the average home sold in 2014 was selling for $66,764. For the last three and a half months of the year, the average home sold for $36,168, a 46 percent decrease.

Eric Holder, Al Sharpton and all the others were not available for comment.

Now that last line may be harsh on my part but if you look at the whole Ferguson fiasco, from well before the shooting of Michael Brown through to today, you can not demonstrate how government is helping the citizens of that town.

Government seems to be actively hostile to people that are on the lower end of the wealth and income scale.

How to live near the water without spending a million (or more)

Scott Burns: How to live near the water without spending a million.

Scott Burns is down in Florida again. He does this trip every so often and writes about manufactured (read “trailer”) homes. He is correct about the cost advantages. I am tempted to get in the car and go see the parks he mentions for myself. I know I can do with less space. Particularly if I could have a boat in the water within walking distance of my front door.

I have long dreamed of taking my design experience into the world of manufactured homes. When you look at the property that is available in Florida for manufactured homes, it is clear to me that there is a market for a luxury product. I don’t mean luxury as the current manufacturers define it. I mean luxury with a trailer full of premium brand names.

I’m confident people would pay for it.

I’m also baffled (well not really, as there are many reasons) at why we all don’t live in manufactured homes. I am probably not the guy to break through all the resistance to manufactured housing, but I would sure like to go to work for him.

OU: Where Football is King

“The judicial outcome and the video speak for themselves,” Oklahoma President David L. Boren said. “The University is an educational institution, which always sets high standards that we hope will be upheld by our students. We hope that our students will all learn from those standards, but at the same time, we believe in second chances so that our students can learn and grow from life’s experiences.”

That was President Boren recently when Joe Mixon was reinstated to the football team. Go read that whole post linked in that quote.

Here is Boren today:

“There is no double standard at the University of Oklahoma. We punish bad behavior without regard to race. He (Mixon) was suspended from the team for a year and was not allowed to play. He was also ordered to perform community service, which he has completed. We punish bad behavior without regard to whether a person is an athlete or non-athlete, black or white. It is sheer and utter nonsense to make such a statement. We are colorblind at the University of Oklahoma and make no distinction between athletes and non-athletes. We have even taken one case to the state Supreme Court to enforce the findings of our internal disciplinary process under Title IX, in a case involving a student athlete.”

Remember, Boren was a U.S. Senator and a former Governor of Oklahoma. The guy is a politician and you’ll notice he didn’t exactly respond to the accusation of a double standard.

Just remember that the video of Joe Mixon hitting that young lady has never been released. He hasn’t suffered the same two minutes of hate the SAE boys have. Also the Joe Mixon videotape hasn’t been released. I don’t believe there is video tape of Green-Beckham tossing that woman down the stairs.

I brought this up before…

I don’t know how to color it any other way. You are on your own for health care. It doesn’t matter who is paying. It doesn’t matter if it’s free to you. You have to pay attention. You have to raise your voice. No one is going to return your calls. So when they offer, just tell them, “You and I both know you are not going to call back. How long do you want me to wait before I call you back to remind you I need help.”

Motherfuckers…

Art People: Learn Economics, I Beseech You

If you take one lesson from this essay, make it this: Socialism means no toilet paper.

via Artblog.net.

An excellent little essay. All my leftist friends should read it. I know a couple of artists that should read it…

But, as the previous post says, nobody reads this blog.