"Don't Be Evil" Guy Commits Adultery by Banging Much Younger Work Subordinate
In the eye of the beholder, I guess.
Manny Mota...Mota...Mota (OK, not a helpful title...this blog is mostly about Economics, the Markets, Politics...and during the football season also about the New York Giants)
Where are the cries of "Listen to the Generals!"?
We deserve everything we get - depression, chaos, war, inflation, loss of liberty, social strife. It's coming and we deserve every last ounce. We have voted and we will get what we deserve...good and hard, I might add.We don't have exactly that list, but we have economic malaise, impending war (even if only a phony war), rising interest rates, a frighteningly expansive and expanding surveillance state, IRS political targeting scandal, Benghazi stone-walling, and racial tensions aplenty after the fomenting of the Trayvonesty and the Chris Lane thrill killing in Oklahoma (which, I might add, is already down the MSM memory hole). Add to that executive branch lawlessness, and I'd say I was dead on.
Health care and education pose the same basic threat to the economy: How do you keep costs down for a product that consumers must purchase? Saying “no,” after all, is how consumers typically restrain costs. If Best Buy Co. wants to charge you too much for a television, you can walk out. You might want a television, but you don’t actually need one. That gives you the upper hand. When push comes to shove, producers need to meet the demands of consumers. But you can’t walk out on medical care for your spouse or education for your child.There is so much wrong here that I could blog all day about it, but I'll just tackle this one small piece. Klein is overtly wrong. Actually, you can walk out, and it just so happens that the WSJ carries an op-ed today that recounts the story of someone who did just that, literally just walked out, and got the needed medical care at a fraction of the original proposed cost. This could be replicated on a massive scale to drive down the cost of healthcare across the board. But that would require unshackling consumers and providers to contract together, and that would make the central planners and the noblesse oblige left go bonkers.
Still, one has to credit the steely fanaticism of the noblesse-oblige left. Here last week was Mr. Obama's new EPA administrator, Gina McCarthy, speaking in Boulder, Colo., about her intention to impose the president's anti-carbon goals through executive order: "We're going to do this this year, next year, the following year, until people understand these are not scary things to do." Let them eat wind.Bonus tidbit: news out today that Obama is tackling yet another one of America's non-priorities, college financial aid. Add this to the list of things that Americans are not really concerned about that Obama is all over.
There was no saturation cable TV coverage, no press conference featuring Al Sharpton or Jesse Jackson, and no statement from the Oval Office. The death of Christopher Lane, while as troubling as that of Trayvon Martin, will not become a national touchstone of racial and cultural debate or reflection.Plus, there is the gun. Here is the hard to swallow truth - it is easy to blame the gun, but it is difficult, painfully so, to confront a generation completely drained of any moral bearing.
...it would almost be a relief if we could blame such a murder on guns. Then we wouldn't have to focus on a culture that produces teenagers for whom the prospect of shooting an innocent man in the back on a Friday evening apparently raised not a scintilla of conscience. That is the deeper tragedy, and the real scandal, of too much of American life.Difficult truths are hard to admit and easy answers are always more appealing.
Four massive new ship-to-shore cranes arrived at Georgia Ports Authority’s Garden City Terminal today, bringing the total number of electric-powered container cranes to 25 – the most of any single terminal in the U.S.
“These new super-post Panamax cranes further enhance the cargo handling efficiency at the fourth-busiest container terminal in the nation,” said GPA Executive Director Curtis Foltz. “Combined with the largest single container terminal in North America and two Class I railroads on site, these cranes will make the customer experience even smoother.”
Of the GPA’s current fleet of cranes, nine are post-Panamax (accommodating the largest vessels capable of transiting the Panama Canal) and 16 are super post-Panamax (for vessels too large to transit Panama). The cranes operate over a dock featuring 9,700 feet of contiguous berth space.
The arrival of the new super post-Panamax cranes fulfills an order the GPA placed with Konecranes in 2011. The crane purchase, along with the planned Savannah Harbor deepening, anticipates a move in the world fleet toward larger ships.What a doofus.
President Obama is working hard to refocus attention on the middle class, and rightly so.You will have a hard time convincing me that Obama is working hard on anything except maybe getting more Democrats elected in 2014 by poisoning the well of electoral politics with the most despicable brand of scorched Earth politics. It is amazing to me that liberals still harbor the fantasy that Obama is hunkered down thinking of ways to advance policies that help people, when what he is doing is mostly just occupying the office and trying to make whatever part of government he can conform to hoary faculty lounge wet dreams.
If we cannot restore a vigorously growing economy whose fruits are widely shared, the struggles of the middle class will persist, and our democratic distemper will deepen.In this little nugget is a truth that needs to be talked about as liberals are desperately purveying gibberish regarding income inequality. What Galston's concluding sentence hints at is that income inequality is a political problem, it is not an economic problem. Too large and too persistent gaps between rich and poor can destabilize society politically, but income inequality is not a brake on economic activity as liberals on down the line, including the President keep telling us. There is no accepted economic theory that states that reducing income inequality spurs economic well-being. A relatively free economy characterized by innovation grows and results in income mobility and reduces income inequality. It is not the other way around. If income inequality is your beef, then you should be advocating all manner of growth policies focused on experimentation, innovation, and deregulation rather than the typical liberal playbook of unionism, regulation and crony-laden central planning. But I digress.
President Robert Mugabe’s government plans to seize control of foreign-owned mines without paying for them as part of a program to accumulate $7 billion of assets following his July 31 election victory, a minister said.
The government will compensate bank owners as it takes control of their companies, Saviour Kasukuwere, the minister in charge of the program to compel foreign companies to cede 51 percent of their assets to black investors or the government, said in an interview in Harare, the capital, today. His comments echo a suggestion made by Mugabe earlier this year.
“When it comes to natural resources, Zimbabwe will not pay for her resources,” Kasukuwere said. “If they don’t want to follow the law that’s their problem.” Non-compliant mine owners risk losing their licenses, he said.As night follows day, investment will shrivel, government interests will intrude, employment will decrease and people will be poorer. This is as predictable as it gets.
Illinois Tool Works Inc. (ITW) today announced that its board of directors approved a new share repurchase program that authorizes management to buy back up to $6 billion of the Company's common stock over an open ended period of time. The full authorization represents approximately 81 million shares based on ITW's closing share price on August 1, 2013.That's $6 billion for which the company can't find anything productive to do with, so it's going to hand that money back to shareholders to figure out. Rather than do the spade work of economic growth, ITW is giving up a chunk of their productive resources. ITW is a $33 billion market capitalization company, so it is shrinking by 18%.
I know Michael Bloomberg is a clown and an aspiring tyrant. I didn’t realize his news service had decided to compete with MSNBC for the title as the most ludicrous news organization on the planet (after Al Jazeera, of course). Check out this headline from yesterday:
House Republicans Set to Defy Obama Are Mostly White Men The core group of Republicans who are pushing the House toward a showdown with the White House over the debt ceiling and government spending is made up of 41 members — all white men except for two.
Except for two? I’m sure if Bloomberg tries hard enough, they’ll find those two are white African-Americans, just as George Zimmerman was a heretofore unknown category of “white Hispanic.” And then there’s this graph:
And about half of them, 19 of 41, have already received campaign donations this year from the political action committee of Wichita-based Koch Industries Inc., controlled by billionaire energy executives Charles Koch and David Koch, who spent millions trying to defeat Obama in 2012.
Seriously? Did a Bloomberg editor really sign off on this?Welcome to the party Powerline!
Everybody's white. That's the conclusion from a survey of gun magazines I bought the other day. The survey, I admit, was not conducted in accord with the best research practices: I asked the guy at the subway kiosk for as many gun magazines as he could give me before the #4 train pulled in. He handed me three for $17.
All the magazines have ads for, well, guns, and loads of accessories (love the "Sneaky Pete" concealment holster). Naturally, they have stories on guns -- whether "intimidating, big-muzzle looks" or a "Tank-tough Recon Tactical with added strength and reliability for patrol." In addition, there are features on gun life, such as columns in Guns Magazine called "Campfire Tales" and "Odd Angry Shot."
There are pictures of guys with guns, gals with guns, animals with guns, ammo with guns and guns with guns. Curiously absent are pictures of black people with guns, brown people with guns or Asian people with guns. The good guys are white. The bad guys are white. In the Gunworld depicted in these pages, pretty much everyone is white.Um, OK. I guess I could say the same thing about magazines on log cabin homes, woodworking, Irish poetry, quilting, or the wines of France. So what? And that about sums up the only logical response to much of the drivel that Al Hunt's minions spew at Bloomberg News's relatively new social commentary apparatus...so what.