Archive for the 'Economics' Category

Graduation is not what we called it at HP

From an article on HubSpot:

Dharmesh’s culture code incorporates elements of HubSpeak. For example, it instructs that when someone quits or gets fired, the event will be referred to as “graduation.” In my first month at HubSpot I’ve witnessed several graduations, just in the marketing department. We’ll get an email from Cranium saying, “Team, just letting you know that Derek has graduated from HubSpot, and we’re excited to see how he uses his superpowers in his next big adventure!” Only then do you notice that Derek is gone, that his desk has been cleared out. Somehow Derek’s boss will have arranged his disappearance without anyone knowing about it. People just go up in smoke, like Spinal Tap drummers.

Nobody ever talks about the people who graduate, and nobody ever mentions how weird it is to call it “graduation.” For that matter I never hear anyone laugh about HEART or make jokes about the culture code. Everyone acts as if all of these things are perfectly normal.

When I worked for HP we, at least those in my little group, called graduation getting shot. As in, “Did you hear that Derek got shot?”

The Libertarian Solution to College Sports

Arnold Kling agrees with me (and Glen Reynolds):

I suspect that the romanticization of college sports comes from the same human tendency that produces the romanticization of government. Lots of people will tell you that they hate pro football and hate pro basketball, but they love college sports. Because it is non-profit.

Source: The Libertarian Solution to College Sports | askblog

I share Arnold’s general antipathy toward non-profits.

Draft Registration

One need only have kids the age of the Ace and Deuce to hate the draft registration. It becomes even more aggravating while the Ace flirts with conventional feminism (I do think this is a passing phase, a result of her being a senior in college. While at an all girls high school she had a much better idea about feminism.) The Deuce had to register for the draft. The Pentagon has just opened up all combat billets to women. So why does the Deuce have to register for the draft and the Ace doesn’t?


The Pentagon’s recent decision to open virtually all combat positions to women suggests that the days of male-only draft registration are likely to be numbered. But the best way to achieve gender equality in this field is not to force women to register for the draft, but to abolish draft registration for all. That way, we can achieve both equality and freedom for men and women alike.

Source: The Volokh Conspiracy

And while we are at it, why are those that are forced to register for the draft unable to buy a drink? This is a completely unacceptable state of affairs.

We Cut Satellite TV a Long Time Ago

When I want to watch a game, I go to a friend’s house or a bar.

Don’t buy ESPN’s PR talk that its 7 million-household dip in subscribers is just a blip. It’s for real, and it will have serious consequences for the way you watch sports.

Source: The Sports Bubble Is About to Pop – The Daily Beast

ESPN has lost 7 million subscribers over the last two years. What you should understand is that many of the lost subscribers were not sports fans, so the ratings are not yet effected. These people decided they didn’t need to pay ESPN $10 a month (or more) for sports they don’t watch.

This is going to have a great deal of impact on the sports business. It will change Big State U’s athletic program too.

Naturally don’t take this as advice to go short Disney, as this decline can go on for a long time before it becomes calamitous.

Firewatcher update

More Crime Think from Sailer.

In the comment thread there is this hilarious exchange:

I don’t think I’ve laughed so much at the written word in a long time.

I’m going to ask about that price increase again.

I design kitchens using a premium European brand of cabinetry. I work for the U.S. arm of a European firm. We are going to have a price increase the first of January. We are having a price increase in the face of the Euro being at a low compared to last year, and this little bit of news:

Freight prices are at record lows not just due to weak demand, but overcapacity in shipping supply.

Source: Flexport

Just a bit from the post:

It costs $300 to move a 40-foot container from Rotterdam to Shanghai, which is barely enough to cover the cost of fuel, handling, and Suez Canal fees. Here’s some more context. Let’s say that you want to travel for a year; it’s cheaper to put your personal belongings in a shipping container as it sails around the world than to keep it at a local mini-storage facility.

There is a very interesting chart over there too.

I’ve already asked once about the justification for the price increase. And like the good little soldier that I am, I will enthusiastically enforce the price increase. But… The economics of the situation tell me we should be getting a price decrease for the coming year…

America’s Ruling Class — And the Perils of Revolution

Ordinary people have also gone a long way toward losing equal treatment under law. The America described in civics books, in which no one could be convicted or fined except by a jury of his peers for having violated laws passed by elected representatives, started disappearing when the New Deal inaugurated today’s administrative state — in which bureaucrats make, enforce, and adjudicate nearly all the rules. Today’s legal-administrative texts are incomprehensibly detailed and freighted with provisions crafted exquisitely to affect equal individuals unequally. The bureaucrats do not enforce the rules themselves so much as whatever “agency policy” they choose to draw from them in any given case. If you protest any “agency policy” you will be informed that it was formulated with input from “the public.” But not from the likes of you.

From:Angelo Codevilla. Again.

This really is the way the government is run these days. I am probably being quite stupid complaining on a blog, as there really is no anonymity.

These are the good old days…

At least when it comes to beer!

Take a look at this:



The chart is from Mark Perry.

I do love the beer choices available these days.

The Coming Middle-Class Anarchy

This is an important follow on to the Codevilla piece below. Again, many of you have read this. For some it is just another spot on the internet where you can find it. Please pass it along.

Gonzalo Lira: The Coming Middle-Class Anarchy. A sample:

However, three months later, out of the blue, they got a letter from their bank, Wells Fargo: It said that, after further review, Brian and Ilsa had in fact not qualified for HAMP. Therefore, their mortgage would go back to the old rate. Not only that, they now owed the difference for the three months when they had paid the lowered mortgage—and to add insult to injury, they were assessed a “penalty for non-payment”.

Really go read the whole thing. And all of the addenda.

I’ve saved the posts here in a small effort to make certain this story stays alive.

This might be my new favorite blog…

Rod and Rifles.

A sample:

Bikini and Rod