Chicago Boyz

                 
 
 
 

Recommended Photo Store
What Are Chicago Boyz Readers Reading? Click here to find out.
 
Make your Amazon purchases though this banner to support our blog:
(Click here if you don't see the Amazon banner.)
 
  •   Problem? Question?
  •   Contact Contributors:

  • CB Twitter Feed
  • Lex's Tweets
  • Jonathan's Tweets
  • Blog Posts (RSS 2.0)
  • Blog Posts (Atom 0.3)
  • Incoming Links
  • Recent Comments

    • Loading...
  • Authors

  • Notable Discussions

  • Recent Posts

  • Blogroll

  • Categories

  • Archives

  • Interview with Jeff Bezos — The Obstacles to Technological Breakthroughs (to America 3.0) are more Regulatory and Legal than Technological

    Posted by Lexington Green on December 19th, 2014 (All posts by )

    Delivery Drone

    In a recent interview with Jeff Bezos, he notes that drone delivery will be more delayed by regulation than by technological capability.

    HB: Drones. You had this amazing “commercial” on “60 Minutes” last year, about this fantastic future when drones are going to fly out and bring me my package, and it’s going to be right there. Immediately, everybody in the country, and probably around the world, was saying, “Great — when?”
     
    JB: That’s a difficult question to answer. Technology is not going to be the long pole. The long pole is going to be regulatory. I just went and met with the primary team and saw the 10th- or 11th-generation drone flying around in the cage. It’s truly remarkable. It’s not just the physical airframe and electric motors and so on. The most interesting part of this is the autopilot and the guidance and control and the machine vision systems that make it all work. As for when, though, that is very difficult to predict. I’d bet you the ratio of lawyers to engineers on the primary team is probably the highest at Amazon.
     
    HB: Is this a situation where everyone else in the world except Americans is going to get drone deliveries?
     
    JB: I think it is sad but possible that the US could be late. It’s highly likely that other countries will do it first. I may be too skeptical. I hope I’m wrong.

    It is too bad that the USA is likely to be slow moving in making this — and many other types of new technology — available to the public.

    The same will certainly be true about driverless cars, or molecular medicine.

    We are going to need entrepreneur and activists and, yes, even lawyers, who are committed to making new technology available to the American people, with the inevitable disruption of existing relationships and expectations.

    Getting to a better America is possible, but nothing is inevitable.

    There will be many struggles along the way to America 3.0.

     

    Posted in America 3.0, Business, USA | No Comments »

    Posted by Jonathan on December 18th, 2014 (All posts by )

    what inflation?

    Chicagoboyz closely monitor all relevant information sources for clues to the direction of Federal Reserve policy.

     

    Posted in Economics & Finance, Photos | 3 Comments »

    A Critique of Credentialism, circa 1500

    Posted by David Foster on December 18th, 2014 (All posts by )

    …from Leonardo da Vinci.

    Leonardo did not attend a university to study the liberal arts, and apparently some of his contemporaries disrespected him considerably because of this omission.  His response:

    Because I am not a literary man some presumptuous persons will think that they may reasonably blame me by arguing that I am an unlettered man.  Foolish men!…They will say that because I have no letters I cannot express well what I want to treat of…They go about puffed up and pompous, dressed and decorated with the fruits not of their own labours but those of others, and they will not allow me my own.  And if they despise me, an inventor, how much more could they–who are not inventors but trumpeters and declaimers of the works of others–be blamed.

    (The quote is from Jean Gimpel’s book The Medieval Machine)

     

    Posted in Academia, Arts & Letters, Education, History, Lit Crit | 4 Comments »

    Chicagoboyz Commenting Issues

    Posted by Jonathan on December 18th, 2014 (All posts by )

    A frequent commenter complained to me that he had tried to post comments and the comments either didn’t appear or he received a WordPress error message telling him that he had tried to post a duplicate comment. I’ve had similar problems myself once or twice. Is anyone else experiencing such issues? Please let me know if you are. There may be a tech issue, perhaps with our WordPress plugins. In that case it would help if I knew the scope of the problem so that I could find its cause.

    Thanks.

    UPDATE: The problem appears to be a browser issue.

     

    Posted in Announcements | No Comments »

    Cuba

    Posted by Michael Kennedy on December 18th, 2014 (All posts by )

    Obama has announced that he will not only end the trade embargo with Cuba but establish full diplomatic relations.

    President Obama, as he has shown all year, isn’t about to go quietly into the lame-duck night, even with Republicans ready to take full power down the street. With the stunning announcement Wednesday that the United States is set to normalize relations with Cuba, the president is closing his self-termed “Year of Action” with a thunderclap.

    In doing so, Obama is serving notice to new Senate Majority Leader Mitch McConnell that a sitting president trumps a Congress divided both along party lines and within them. The shift comes about a month after the last time the president thrust his stick into the GOP’s eye, when Obama announced he was unilaterally providing widespread deportation relief to as many as 5 million illegal immigrants.

    I have no objection to ending the embargo, which has been mostly symbolic for years.

    Diplomatic relations is another matter.

    Even the Argentine Pope is involved apparently. Certainly, there is no reason why the Pope should recognize real democracy and freedom after a lifetime in Argentina.

    Read the rest of this entry »

     

    Posted in Americas, Announcements, Civil Liberties, Cuba, Leftism, Obama, Politics | 13 Comments »

    Crude Unglued

    Posted by Grurray on December 18th, 2014 (All posts by )

    The big news in the financial world for the past few months has been the dramatic drop in oil prices. Since June oil has lost nearly 50% of its value and is now at a price not seen in over five years during the depths of the recession. Although the signs have been around for a while, the sudden and protracted decline has taken everyone by surprise. We’re now seeing all sorts of explanations, justifications, and ruminations about what it all means.

    Aside from homeowners in the Northeast who heat their homes with heating oil, the big impact on most of us is the lower gas prices to fill up our cars. If you’re like me, unless there is some big news about it, we really don’t notice fluctuations at the gas pump. However, when prices drop this much, it’s hard not to notice something is up. And in this case, that something is we have more money left over when we pull out. For most of us it’s certainly a good time of the year to have that kind of pleasant surprise.

    A lot of people, unfortunately, don’t see it that way. Some of them think that lower prices aren’t such a good thing. I guess some people can’t get into the holiday spirit.

    The esteemed liquidity expert and chronicler of the debt crisis John Mauldin has just dispatched a report on the oil price’s effects on overall growth. There’s a lot of information here, muddied somewhat by the gratuitous inclusion of the tinfoil hat brigade at Zero Hedge, who’ve never met an economic event they didn’t think was going to cause the collapse of Western Civilization. Here’s the important takeaway:

    Employment associated with energy production is going to fall over the course of next year. It’s not all bad news, though. Employment that benefits from lower energy prices is likely to remain stable or even rise. Think chemical companies that use natural gas as an input as an example.
    I am, however, at a loss to think of what could replace the jobs and GDP growth that the energy complex has recently created. Certainly, reduced production is going to impact capital expenditures. This all leads one to begin thinking about a much softer economy in the US in 2015.

    Thankfully, Mr. Mauldin dismissed the more ridiculous assertions going around that the drop in oil is a replay of the subprime credit crisis, but that does still leave us with a picture of the energy industry facing serious problems. The emergence of fracking has been an absolute boon for those communities sitting on shale oil and gas fields. One would expect their fortunes to be reversed when the price of oil drops.

    One immediate area that is starting to see some signs of life since oil dropped is employment of young workers. Now, kids in retail and entry level jobs may not restore confidence in those who see collapse of mighty industries around the bend. On the other hand, all the consternation lately about the rise of the machines, technological unemployment, and the lack of relevant job skills has a lot to do with companies unwilling or unable to invest in training unskilled and entry level workers because it’s simply not affordable. Kids getting jobs again is definitely a step in the right direction to correcting the mismatch. Except in overly regulated states, that is.

    Unlike every other state in the United States, California increased its minimum wage on 1 July 2014, just as the employment situation was about to improve across the entire country thanks to falling oil and fuel prices. No other state has likewise implemented an increase in their minimum wages during this period.
    By arbitrarily increasing their minimum wage from $8.00 to $9.00 per hour in July 2014, California’s politicians effectively jerked away the prospect of finding employment from its job-seeking teen population at a time when it would have its best chance at doing so in years, while also damaging their prospects for increased future earnings. All by making it too costly for the state’s employers to employ them profitably.

    Which tells us the real danger to growth isn’t the natural movements of markets but the unnatural manipulation from government.

    As for where the rest of the growth is going to come from to offset the decline in energy sectors, if the oil industry existed in a vacuum then there would be something to worry about. However, the fact is they sell to other industries and to consumers who will have more money to spend. Period. It’s not just petrochemical industries either. Car companies and heavy equipment industries and airlines and shipping companies and on and on and on.
    Why some people choose to ignore these benefits and obvious upside is somewhat baffling. Luckily I’m here to let them know: absent some other unforeseen shock, lower prices will definitely and absolutely create more jobs then it will destroy. End of story.

    But what about the energy industry? Surly lower prices will bankrupt it, end the American energy renaissance, and enslave us all to Arab Petro-Sheiks forever, right? It turns out that immense capital intensive projects like oil drilling take a long time and aren’t as responsive to price fluctuations. North American production is still expected to grow in 2015, mostly because there’s no alternative. The easy oil coming from Saudi Arabia that everyone believed was close to or at the peak is still probably running out. Sticking a straw into the ground and slurping up oil was great while it lasted, but it really is increasingly a thing of the past. That’s not a bad thing as new technologies naturally spring up to replace it and introduce innovations that bring the price down where it probably should be in the first place.

    Likewise, high prices encourage the discovery of new technologies that allow explorers to find and recover previously untapped reserves of oil. And high oil prices encourage the development of alternative sources of renewable energy, allowing us to shift away from the use of hydrocarbons altogether. In the graph, we can clearly see how these incentive effects worked to bring oil prices back down in the 1800s and the 1980s. Most likely, these same incentive effects will work to push oil prices lower in the years ahead.

    For years there was manipulation and a geopolitical premium on the price of oil. Now prices are dropping because the market is actually working correctly again. Let’s welcome it and allow it to continue.

     

    Posted in Uncategorized | 11 Comments »

    Happy Hanukka

    Posted by Jonathan on December 16th, 2014 (All posts by )

    I’m going to make a suggestion that you will thank me for when you eat your potato latkes: cranberry sauce.

    latkes

     

    Posted in Holidays, Photos | 3 Comments »

    Sympathy for the Devil

    Posted by David Foster on December 16th, 2014 (All posts by )

    The Sydney Morning Herald called for “empathy” for the terrorist who committed the recent hostage-taking in a cafe.  Hillary Clinton, too, has recently called for empathy for our enemies.

    I’m reminded of something G K Chesterton wrote:

    The modern world is not evil; in some ways the modern world is far too good. It is full of wild and wasted virtues. When a religious scheme is shattered (as Christianity was shattered at the Reformation), it is not merely the vices that are let loose. The vices are, indeed, let loose, and they wander and do damage. But the virtues are let loose also; and the virtues wander more wildly, and the virtues do more terrible damage. The modern world is full of the old Christian virtues gone mad. The virtues have gone mad because they have been isolated from each other and are wandering alone. Thus some scientists care for truth; and their truth is pitiless. Thus some humanitarians only care for pity; and their pity (I am sorry to say) is often untruthful. For example, Mr. Blatchford attacks Christianity because he is mad on one Christian virtue: the merely mystical and almost irrational virtue of charity. He has a strange idea that he will make it easier to forgive sins by saying that there are no sins to forgive. Mr. Blatchford is not only an early Christian, he is the only early Christian who ought really to have been eaten by lions. For in his case the pagan accusation is really true: his mercy would mean mere anarchy. He really is the enemy of the human race– because he is so human.

    (Orthodoxy, 1908)

     

    Posted in Christianity, Deep Thoughts, Human Behavior, Media, Terrorism, The Press | 16 Comments »

    Reading “Hard” Books vs. Pretending to Do So

    Posted by Zenpundit on December 15th, 2014 (All posts by )

    [cross-posted from zenpundit.com]

    The other day, some friends shared an old post by controversial conservative activist, writer and publisher of  The Federalist,  Ben Domenech, that struck a chord:

    The Top Ten Books People Lie About Reading 

    Have you ever lied about reading a book? Maybe you didn’t want to seem stupid in front of someone you respected. Maybe you rationalized it by reasoning that you had a familiarity with the book, or knew who the author was, or what the story was about, or had glanced at its Wikipedia page. Or maybe you had tried to read the book, even bought it and set it by your bed for months unopened, hoping that it would impart what was in it merely via proximity (if that worked, please email me). 

    I have not, though I frequently catch many people in conversation and even more online who do.
    Read the rest of this entry »

     

    Posted in Arts & Letters, Blogging, Book Notes, Diversions, Human Behavior, Miscellaneous | 25 Comments »

    Finally!

    Posted by Jonathan on December 15th, 2014 (All posts by )

    A truly important article from the NY Times:

    That’s why, I’m sorry to say, if you want a truly great, hot, crisp doughnut, chances are you’re going to have to make it yourself. Like anything involving deep-frying, D.I.Y. doughnuts are a bit of a project, but they’re less work than you might think. And once you’ve mastered the basic recipe — this one is for fluffy yeasted doughnuts, as opposed to the denser cake variety — you can geek out to your heart’s content on the glazes, toppings and fillings.

    Happily the NYT article actually links to some recipes.

    My aunt has a great recipe for sufganiyot, which are a sort of jam-filled Israeli yeast donut that’s traditionally made for Hannukah, at least by my aunt. I ought to ask her for it.

     

    Posted in Holidays, Recipes | 6 Comments »

    Don’t Worry, Be Happy

    Posted by Jonathan on December 14th, 2014 (All posts by )

    Or at least try sometimes to be happy despite your worries. But it’s not like we’re giving advice here, because what do we know. In any case a catchy tune couldn’t hurt.

     

    Posted in Music, Video | 3 Comments »

    Rape Culture

    Posted by Michael Kennedy on December 14th, 2014 (All posts by )

    The country is going through one of the increasingly common episodes of hysteria in modern times. In the 17th century, there was the period of The Salem Witch Trials.

    From June through September of 1692, nineteen men and women, all having been convicted of witchcraft, were carted to Gallows Hill, a barren slope near Salem Village, for hanging. Another man of over eighty years was pressed to death under heavy stones for refusing to submit to a trial on witchcraft charges. Hundreds of others faced accusations of witchcraft; dozens languished in jail for months without trials until the hysteria that swept through Puritan Massachusetts subsided.

    The episode was begun by what sounds like hysterical symptoms occurring in the daughter of the new minister. Before it was over, a number of people of the village of Salem had been accused of witchcraft and 19 were executed and five others had died.

    SALEMCLR

    Suspected witches were examined for certain marks, called “witch marks,” where witches’ “familiars” could nurse. The hysteria ended as quickly as it began. By the end of 1692, it was over and all surviving accused were released.

    The period of the hearings in America after World War II, in which many were accused of being communists, the so-called “McCarthy period,” is often compared to this era and a left wing playwright, Arthur Miller, wrote a play called “The Crucible,” which made the connection between the Salem trials and Senator McCarthy’s accusations the theme.

    Read the rest of this entry »

     

    Posted in Academia, Big Government, Civil Liberties, Crime and Punishment, Current Events, Education, Feminism, Leftism, Military Affairs, Politics, The Press | 20 Comments »

    Theme: Fanny Kemble

    Posted by David Foster on December 14th, 2014 (All posts by )

    The posts in this fourth “theme” roundup are about the British actress and writer Fanny Kemble, whose observations on America…and on life in general…are very interesting.

    Fanny Kemble’s train trip.  A ride on the newly-constructed London-Manchester line, in 1830.  Fanny’s escort for the trip was George Stephenson (“with whom I am most horribly in love”), the self-taught engineer who had been the driving force behind the line’s construction.  She contrasts Stephenson’s character with that of an aristocrat called Lord Alvanley  and the class of which he was an outstanding representative.

    Author appreciation:  Fanny Kemble.  Shortly after her railroad trip, Fanny visited the United States on a theatrical tour and married an plantation owner from Georgia.  Her “Journal of a Residence in America” got a lot of attention, quite a bit of it negative; however,  her vivid description of the realities of slavery has been credited with helping to ensure that Britain would not enter the Civil War on the side of the Confederacy.

    Further Fannyisms.  Some excerpts from the Kemble journals that I thought were particularly interesting.

    There are a number of memoirs by Europeans who visited America during the late 1700s and throughout the 1800s, and I hope to review some of the other ones in the future.

     

    Posted in Arts & Letters, Book Notes, Britain, History, USA | 4 Comments »

    What Chicago Boyz Readers Are Reading (November 2014)

    Posted by Jonathan on December 12th, 2014 (All posts by )

    Below is a list of the books, ebooks, music and videos ordered in November 2014 by Chicago Boyz readers via Amazon links on this blog. (A cumulative list of Chicago Boyz readers’ Amazon book purchases is here.)

    Your book and non-book Amazon purchases help to support this blog via the Amazon Associates affiliate program. Chicago Boyz earns a percentage on all of your Amazon purchases as long as you enter the Amazon site via the Amazon links on this blog (including the Amazon banner in the blog header, the link under the Amazon banner and any Amazon links on this blog for products other than the ones you are buying).

    Read the rest of this entry »

     

    Posted in Book Notes | 9 Comments »

    Come Blog Away

    Posted by Jonathan on December 12th, 2014 (All posts by )

    flying metaphor

    Chicagoboyz soars on modern, all metal, streamlined rhetoric built on a time-tested structure of empirical rationality.

     

    Posted in Photos | 14 Comments »

    “Promotion Jobs”

    Posted by David Foster on December 11th, 2014 (All posts by )

    (I came across this while going through some old Photon Courier posts…originally from 2005)

    I recently read The U-Boat Peril, by Captain Reginald Whinney, RN, a British destroyer commander during WWII. In the late 1920s, Capt Whinney attended the Royal Naval College at Dartmouth. He was not very impressed with the place, and his retrospective analysis is interesting:

    What was really wrong with Dartmouth then? Well, my answer is cynical. The jobs of captain in command of the college and of his second-in-command, the commander, were ‘promotion jobs'; and, in those days, the incumbent in a promotion job had only to do the same as his predecessor had done and he could hardly fail to be promoted. Further, these same captains and commanders had, while at Dartmouth…usually themselves been Cadet Captains. What was good enough for them…The requirement was to keep the sausage machine going.

    I have no idea how accurate Capt Whinney’s assessment of Dartmouth is…surely, they must have been doing something right, given the Royal Navy’s performance in the war. But his analysis of the “promotion job” is an interesting one, with its applicability by no means limited to military organizations.

    It’s almost tautological…if you put people in jobs where all they have to do to get promoted is to remain in the job for a few years, then they are unlikely to do anything but remain in the job for a few years. You’re certainly unlikely to see much in the way of innovation or of risk-taking behavior.

    So, if you are an executive, you might ask yourself whether your organization includes anything that looks like a “promotion job”–and, if so, restructure it; that is, unless you actually like drones and time-servers as subordinate managers.

    And what about the realm of education? It strikes me that, as things are now, the role of being a college student has been largely structured as a “promotion job.” The student is incented to go through his 4 years or more, avoid taking any classes that might be difficult enough to unduly threaten his GPA, and avoid antagonizing any faculty members in a way that might harm the GPA or the letters of recommendation. Because the objective is, too often, not to accomplish things during the time spent on the job (in this case, to learn things), but rather to spend the requisite amount of time so that the much-desired certification can be obtained. That’s a “promotion job” in Whinney’s sense.

    This is less true, of course, in the hard sciences and in engineering, where it’s obvious that after graduation you’re actually going to need to know what Young’s Modulus is (or whatever)…but across wide swaths of American higher education, the concept of the “promotion job” seems highly applicable.

     

    Posted in Britain, Education, History, Management | 8 Comments »

    25 Stories About Work – The Furnace Toboggan

    Posted by Dan from Madison on December 11th, 2014 (All posts by )

    Carl’s great stories have inspired me to share a few of my own. First some background.

    I work in HVAC/R distribution. HVAC/R means Heating, Ventilation, Air Conditioning and Refrigeration. The function of my company is to house manufacturers goods on a local level, mark them up, sell them to licensed HVAC companies and facilities, and then collect the money. It sounds simple, but that is what I do. In general, we get paid to come up with solutions to people’s problems – sometimes very quickly. If you are suffering because of the weather, I am happy because the extremes make me money. Nobody cares about me when it is 75 degrees outside. However, we also have a commercial refrigeration piece, and that business is year ’round.

    HVAC in general is a relatively tiny part of our economy, and most numbers I have heard put it at around $25bb annually here in the USA. My job is very demanding, requires long hours, and is extremely competitive.

    Everyone has had an experience or two with their climate control systems. When I go to parties and people find out what I do, the conversation always ends up with me in the basement looking their mechanicals over and giving a recommendation or two.

    I have a lot of friends when the weather gets below zero or above ninety degrees.

    For those of you who have never experienced weather below zero degrees, I actually recommend you travel somewhere and see what it is like. Just once.

    I get lots of calls from people wanting me to open up the shop after hours. One frigid night back in the 90s, a good customer called and needed a furnace. This night, it was a blizzard (and I mean a literal blizzard where you couldn’t see anything) on top of the extreme cold temps. It was mayhem. I questioned the guy on the phone and said “really it can’t wait for tomorrow”?

    Well, this furnace apparently heated a tiny room at a very large insurance company that housed their servers. If this area wasn’t heated up and the pipes burst it would cause untold millions of dollars of damage. They had redundant heating systems but those had failed too. I sighed, kissed my wife goodbye (hopefully not for the last time) and got in my vehicle for the long drive to work to open up the store.

    Normally the drive took 15 minutes but this night it took almost an hour. It was the craziest thing I have ever done. A cop pulled me over on the way and asked me what the f@ck I was doing (he literally said that) out in this blizzard and I told him and he understood and let me go.

    When I got to work the wind had been blowing so hard that my parking lot was encased in three feet of snow and ice. I had to park on the street. I walked up to the front door and dug it out and opened up the shop. My customer arrived a few minutes later. As I was gathering the things he needed for this furnace changeout, I asked him how the f@ck were we going to get the stuff from the building to the street? After talking a bit, I came up with the idea of the “furnace toboggan”. I had a bunch of cardboard in the warehouse and strapping material. We wrapped the furnace in this cardboard and pushed it outside to the lot and pulled it through the snow down to the street (approx. 50 feet). We repeated the process with the rest of the materials he needed for his job. He thanked me profusely for what I had done for him and offered me a (terrible, canned) beer from his truck. I said “what the heck” and had one with him – we were both exhausted from pulling the heavy toboggan through the snow twice and needed an attitude adjustment. He is a good customer to this day for saving him that account although I do not support boozing in your vehicle especially when you are going to soon be wiring and gas piping. I found out a few years ago that he had quit drinking – obviously he had a problem.

    On the way home I got stuck twice and pulled over by the same cop who laughed when he saw it was me again on the way home. He said the only other people he has seen on the road are drunks, which I believe since they are probably the only people crazy enough to be out there in that mess – besides an HVAC distributor helping a customer out of a bad jam.

    Next episode – Tormenting a Fortune 500 CEO.

     

    Posted in 25 Stories About Work | 10 Comments »

    25 Stories About Work – the Henpecked Guy

    Posted by Carl from Chicago on December 10th, 2014 (All posts by )

    I was recently on a plane doodling and thought of some funny / interesting stories from 25+ years of working and traveling. So I decided to write them up as short, random chapters of a non-book with the title of this post. Hope you enjoy them and / or find them interesting. Certainly the value will be at least equal to the marginal cost of the book (zero)…

    Chicago, Illinois, early 1990s

    One of the clients that I had was a (rare) financial services firm in downtown Chicago. This was a great client because I didn’t have to travel or do anything strange like audit a maximum security prison.

    The job was also interesting because the firm we were auditing took in investor funds and turned around and invested in myriad hedge funds. As a result, during audit time (year end) we had a lot of work to do because in order to complete OUR audit, we had to receive reports from all the individual hedge funds that the firm’s clients invested in. Back then we were barely computerized and used lots of paper, and all the audited financials came in at the last minute, so we worked non-stop to attempt to meet customer deadlines.

    At lunch we went out as a group and they brought the auditors along. Most of the time it was just me since I was fairly competent by that time so my manager usually left me on site to do all the work and just checked in on the results periodically. I was a workhorse, charging in hours from early morning to late night every day and on weekends during busy season. Since this firm made a lot of money, they didn’t care much how many hours we billed, they just wanted to complete the audit on time so that their clients felt confident in investing with them.

    The manager from the client was interested in hiring me. This is typically how you got a job as an auditor – you impressed the client with your intelligence and work ethic, and then they hired you to join their internal audit staff. Since most of my clients were in government or distant utilities in undesirable (at the time) cities, this was an unusual circumstance for me.

    Read the rest of this entry »

     

    Posted in 25 Stories About Work, Business | 9 Comments »

    The Bee’s Knees

    Posted by Jonathan on December 10th, 2014 (All posts by )

    beelines

     

    Posted in Photos | 13 Comments »

    Why Gruber has to lie

    Posted by Michael Kennedy on December 10th, 2014 (All posts by )

    The left does not do economics. They do politics and elections and lying to get past the “stupid voters” but, when pressed, nothing they do qualifies as numerically or mathematically sound. Social Security worked until everyone found the queue and until Congress raided the trust fund in the 90s.

    Obama and the Democrat leaders knew that Hillary made enemies of the insurance companies in 1992. The insurance companies funded devastating TV ads with “Harry and Louise” that cost the Democrats Congress in 1994. Therefore, they had to do what was necessary to get the insurance companies “inside the tent pissing out and not outside the tent pissing in” in Lyndon Johnson’s immortal words.

    Insurance companies have considered health insurance a loser for 25 years now. What they prefer is becoming “Administrative Service Organizations” which administer self funded health plans by employers.

    Corporate benefits include- organizing/ negotiating health insurance, group dental, STD, LTD, life, etc.

    The plan the Democrats came up with, with Gruber’s help, was to make the government the funding entity and pay the insurance companies to run the program. That way everybody is happy, except, of course, the taxpayer. The taxpayer does not like tax increases which would be needed to pay the bills. Therefore the taxpayer has to be fooled.

    The excise tax on high-cost health plans was among the many fees and taxes proposed as offsets to help slow the rate of growth of health costs, particularly premium growth, and finance the nationwide expansion of health coverage. When the Affordable Care Act was signed into law in March 2010, its coverage provisions were estimated to cost more than $900 billion over the next decade, from 2010 to 2019, and were to be paid for by fees and taxes on both individuals and businesses. At the time the health reform bill passed, the excise tax on high-cost plans was estimated to raise roughly $32 billion in revenue over the next decade, or by 2019.

    Without the taxes to pay the bills, the whole plan collapses. At its base, Obamacare is Medicaid for everyone. The employer mandate has been, contrary to the text of the law, postponed as the flaws in implementation appear. If it were to be enforced, there would be a revolution. Basically, Obamacare will destroy the health care plans of the 85% of the population who are satisfied with what they have to enroll everyone in a new program that approximates what Medicaid does. The reason for this is that our betters in Washington have decided that we spend too much on health care. That may even be true. One way to deal with this would be to use a market-based approach that resembles how health care was paid for 60 years ago. I have previously discussed how this worked and how it might be restored.

    Today, the vast majority of Americans get health insurance as a benefit from their employer. How this developed has been discussed at length and began during World War Two. In 2008, John McCain proposed a possible way to disconnect employment, alleged to create “Job Lock” but he lost the election. A hostile analysis of his proposal is here. The McCain campaign’s description is here.

    What became Obamacare is the work of the Democrat staff of Congress when the Democrats had filibuster proof majorities in both houses. The election of Scott Brown in a reaction to the impending passage of the health plan forced them to rush the bill through without amendments before Brown was sworn in January 2010.

    The taxes to fund Obamacare were hidden as “fines and penalties” until exposed by the Supreme Court in its 2012 decision on the constitutionality of Obamacare. All penalties are now taxes. The largest are on employer-funded plans.

    The funding from employee plans is called “The Cadillac Tax which is an excise tax on employer plans that exceed the benefits of Medicaid. The “exchange plans” are increasingly looking like Medicaid, especially in the narrow networks of providers, as doctors are now called.

    As health coverage expands to tens of millions of Americans–through Medicaid expansion in states and the new state health insurance exchanges that will soon begin selling individual health coverage–some Americans with employer-sponsored health coverage are seeing their benefits decrease.

    One of the most significant, and controversial, provisions of the Affordable Care Act is the new excise tax on high-cost health plans proposed to both slow the rate of growth of health costs and finance the expansion of health coverage. The provision is often called the “Cadillac” tax because it targets so-called Cadillac health plans that provide workers the most generous level of health benefits. These high-end health plans’ premiums are paid for mostly by employers. They also have low, if any, deductibles and little cost sharing for employees.

    If this is ever implemented, the Medicaid-for-all nature of Obamacare will become obvious. That’s why it will not happen. The fundamental premise behind Obamacare is not viable. That is why it will fail and the numbers do not add up.

    Gruber can’t say this. All he can do is obfuscate.

     

    Posted in Elections, Health Care, Law Enforcement, Leftism, Medicine, Taxes | 22 Comments »

    Worthwhile Reading & Viewing

    Posted by David Foster on December 9th, 2014 (All posts by )

    Amazing treehouses from around the world

    Failure Porn.  Is there now too much celebration of failure?

    Why do journalists love twitter and hate blogging?  (from 2011)  Also:  the message of the medium:  why the Left loves twitter

    Leftists don’t like being reminded of the socialist roots of Naziism.  Also:  Hitler and the socialist dream.

    Best programming languages for beginners to learn.

    Some signs of recovery in the rustbelt

    A 3d printed kinematic dress

    Lightpaper!

     

    Posted in Business, Economics & Finance, Human Behavior, Leftism, Media, Photos, Tech | 10 Comments »

    Deal of the Day

    Posted by Jonathan on December 8th, 2014 (All posts by )

    I don’t know if this is a short-term offer or a closeout or what, but this camera is a great deal at this price. I have a previous version (S95) and it is about as good as it gets for a small-sensor point-and-shoot. Very small yet highly configurable with excellent controls. You can get better at this size (e.g., the Sony DSC-RX100M III or one of its predecessors) but not at anywhere near this price.

     

    Posted in Product Reviews/Endorsements | 6 Comments »

    Quote of the Day

    Posted by Jonathan on December 8th, 2014 (All posts by )

    Henry Kissinger, World Order (quoted in a review by Niall Ferguson):

    …If the balance between power and legitimacy is properly managed, actions will acquire a degree of spontaneity. Demonstrations of power will be peripheral and largely symbolic; because the configuration of forces will be generally understood, no side will feel the need to call forth its full reserves. When that balance is destroyed, restraints disappear, and the field is open to the most expansive claims and the most implacable actors; chaos follows until a new system of order is established.

     

    Posted in Book Notes, History, Human Behavior, International Affairs, National Security, Obama, Quotations, USA, War and Peace | 1 Comment »

    Daniel Hannan at the Acton Institute, October 9, 2014

    Posted by Lexington Green on December 7th, 2014 (All posts by )

    This is an outstanding talk by Daniel Hannan to the Acton Institute on October 9, 2014.

    Hannan notes that conservatives almost want to believe that there is no hope in the future, that we have seen the best times and they are behind us. But he disagrees.

    But my friends we are at our most persuasive, and at our most electorally successful, when as Ronald Reagan did in this country, as Margaret Thatcher did in mine, when we imbue our message with a little breath of warmth, a little hint of optimism, a promise that the best lies ahead.
     
    Things do get better, provided that you have trade and exchange, and that you release the genius of a free people, things will get better at an accelerating rate

    We make a similar point in America 3.0, which has the subtitle, “Why America’s Greatest Days are Yet to Come.”

    They really are, if we make it happen.

     

    Posted in America 3.0, Anglosphere, Britain | 3 Comments »

    Pearl Harbor + 73

    Posted by David Foster on December 7th, 2014 (All posts by )

    A date which will live in infamy

    See Bookworm’s post and video from 2009 and her post from 2011; also, some alternate history from Shannon Love.

    In 2011,  Jonathan worried that the cultural memory of the event is being lost, and noted that once again Google failed to note the anniversary on their search home page, whereas Microsoft Bing had a picture of the USS Arizona memorial.
    (12/7/2014: same thing this year, at least as of this posting)

    Shannon Love analyzes how Admiral Yamamoto was able to pull the attack off and concludes that “Pearl Harbor wasn’t a surprise of intent, it was a surprise of capability.”

    Trent Telenko wrote about the chain of events leading to the ineffectiveness of the radar warning that should have detected the approaching attack.

    Via a Neptunus Lex post (site not currently available),  here is a video featuring interviews with both American and Japanese survivors of Pearl Harbor.

     

    Posted in History, Japan, USA, War and Peace | 15 Comments »