Quotulatiousness

July 19, 2011

US business is “frightened to death of the weird political philosophy of the President”

Filed under: Economics, Politics, USA — Tags: , , , — Nicholas @ 11:08

You don’t normally find stem-winders like this in quarterly business updates, especially from self-described Democrats:

You bet and until we change the tempo and the conversation from Washington, it’s not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don’t want to say that. They’ll say, God, don’t be attacking Obama. Well, this is Obama’s deal and it’s Obama that’s responsible for this fear in America.

The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don’t invest, their holding too much money. We haven’t heard that kind of talk except from pure socialists. Everybody’s afraid of the government and there’s no need soft peddling it, it’s the truth. It is the truth. And that’s true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I’m telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he’s gone, everybody’s going to be sitting on their thumbs.

Murdochphobia

Filed under: Britain, Media, Politics — Tags: , , — Nicholas @ 10:06

Brendan O’Neill says that the current Murdoch-bashing spree appears to be the only game in town for politicians and journalists right now:

Judging from recent comments made by politicians and journalists, you could be forgiven for thinking that Britain had liberated itself from foreign occupation. ‘Like political prisoners after a tyrant has been condemned to death by a people’s tribunal, [our politicians] are at last free’, gushed one commentator. A Lib Dem spokesman described MPs emerging ‘into the sunlight like the freed prisoners in Beethoven’s opera, Fidelio’. Labour leader Ed Miliband says the whole ‘psyche of British politics has changed’.

Wow. Was a secret Nazi cabal exposed and expelled? Did a brave Mili-band of brothers see off an invading army at Dover? Not quite. What happened is that some journalists and the Twittertariat had a pop at Rupert Murdoch. And, under intense pressure, Murdoch closed his Sunday tabloid, the News of the World, and sacked some people. That’s about it. The ‘people’s tribunal’ is actually the Guardian editorial board, and the ‘political tyrant’ who was ‘condemned to death’ is an octogenarian Aussie who was forced to give up his BSkyB bid. Britain freed from tyranny? Sticking with the wartime rhetoric: never in the history of mankind has so much BS been spouted by so many journos.

The notion that the cultural harrying of Murdoch has made British politicians ‘free at last’ — thank God almighty, free at last! — is based on two problematic ideas. First, that British politics was, until last week, dominated by Murdoch. And second, that the muddying of Murdoch’s name will allow our politicians finally to speak honestly and with conviction once more. Neither of these things is true. The fact that so many commentators believe they are reveals a great deal about the parlous state of public debate.

Walsh: This is what the debt-ceiling fight is really all about

Filed under: Economics, Government, USA — Tags: , , , , — Nicholas @ 09:20

Michael A. Walsh puts the real issue into focus:

Forget all the numbers being tossed around in Washington — the millions and billions and trillions of dollars being taxed, borrowed, printed and spent as the country approaches the Aug. 2 debt-ceiling deadline.

Forget the political jockeying for position between a president desperately seeking re-election in 16 months and a Congress equally desperately seeking not to be blamed for spending even more money that we don’t have.

Forget the fact that such “entitlements” as Social Security and Medicare — social-insurance programs that the public long thought to be actuarially sound — have been exposed as little more than legal Ponzi schemes, paying today’s benefits out of tomorrow’s borrowed receipts.

Instead, just ask yourself this simple question: When did it become the primary function of the federal government to send millions of Americans checks?

For this, in essence, is what the debt-ceiling fight is all about — the inexorable and ultimately fatal growth of the welfare state. If you don’t believe it, just look at President Obama’s veiled threat to withhold Grandma’s Social Security benefits if Congress doesn’t let him borrow another $2 trillion or so to get himself safely past the 2012 election.

July 18, 2011

Good news for (some) soldiers

Filed under: Military, Technology, USA, Weapons — Tags: , — Nicholas @ 13:15

David Pugliese reports on the US Army’s work on a new, significantly lighter, Squad Automatic Weapon:

“We are using cased telescoped ammunition which uses a strong plastic case instead of a traditional brass case,” said Kori Phillips, a systems management engineer with ARDEC.

Weight reduction for the weapon was achieved by designing the new weapon platform using the latest materials technologies as well as modeling and simulation to achieve minimal weight without compromising performance.

With a basic load of 1,000 rounds, the LSAT light machine gun and its cased telescoped ammunition is 20.4 pounds lighter than a traditional SAW with the same amount of standard, brass-cased ammunition.

[. . .]

“The cased telescoped ammo still provides the same muzzle velocity, range and accuracy as the brass-cased ammo,” Phillips said. “We’re not sacrificing lethality for weight. The plastic case does the same job.”

In addition to significant weight savings, the LSAT is designed to provide other advantages over the current SAW. With a rotating chamber design, the cased telescoped light machine gun improves reliability.

“We’ve avoided the common problem of failure to feed and failure to eject,” Phillips said. “In the current SAW system, that’s one of the places where you primarily have failures and malfunctions.”

Of course, if the new ammunition works well for the SAW, it’ll certainly be adapted for other small arms (in a hot combat zone, you never have “too much” ammunition available, but you often have “too little”).

Logic puzzle

Filed under: Randomness — Tags: — Nicholas @ 12:16

Tim Harford has been retweeting this little puzzle as part of a discussion with @paullewismoney:

Reminds me of an old riddle, Paul. Which weighs more, a pound of gold or a pound of feathers? You will know the answer…

Thanks all tweets re: @paullewismoney and whether a pound of gold weighs more than a pound of feathers. Most of you are wrong…

…but @adam_j666 @andrew_F_smith and @cleverwithmoney have it right. Congrats. And I’m sure @paullewismoney had it right.

(more…)

It won’t hurt just the “rich”

Filed under: Economics, Government, USA — Tags: , , , , — Nicholas @ 11:00

Michael Boskin illustrates just what the current levels of US government spending will mean when translated into personal tax rates:

Many Democrats demand no changes to Social Security and Medicare spending. But these programs are projected to run ever-growing deficits totaling tens of trillions of dollars in coming decades, primarily from rising real benefits per beneficiary. To cover these projected deficits would require continually higher income and payroll taxes for Social Security and Medicare on all taxpayers that would drive the combined marginal tax rate on labor income to more than 70% by 2035 and 80% by 2050. And that’s before accounting for the Laffer effect, likely future interest costs, state deficits and the rising ratio of voters receiving government payments to those paying income taxes.

It would be a huge mistake to imagine that the cumulative, cascading burden of many tax rates on the same income will leave the middle class untouched. Take a teacher in California earning $60,000. A current federal rate of 25%, a 9.5% California rate, and 15.3% payroll tax yield a combined income tax rate of 45%. The income tax increases to cover the CBO’s projected federal deficit in 2016 raises that to 52%. Covering future Social Security and Medicare deficits brings the combined marginal tax rate on that middle-income taxpayer to an astounding 71%. That teacher working a summer job would keep just 29% of her wages. At the margin, virtually everyone would be working primarily for the government, reduced to a minority partner in their own labor.

Nobody — rich, middle-income or poor — can afford to have the economy so burdened. Higher tax rates are the major reason why European per-capita income, according to the Organization for Economic Cooperation and Development, is about 30% lower than in the United States — a permanent difference many times the temporary decline in the recent recession and anemic recovery.

While policy makers may shrug off the impact of higher tax rates, it has a significant effect on individual choices when it comes to part-time jobs, overtime, and even raises. Even if in reality working a few hours of overtime won’t make a difference, psychologically, the higher tax burden can act as a deterrent: “why put in the effort if the government gets more out of my effort than I do?”

“We used to talk to career criminals all the time. They were our sources”

Filed under: Britain, Media — Tags: , , , — Nicholas @ 10:15

A look inside the News of the World newsroom before the closure:

“It was the kind of place you get out of and you never want to go back again.” That’s how one former reporter describes the News of the World newsroom under editor Rebekah Brooks, the ferociously ambitious titian-haired executive who ran Britain’s top-selling Sunday tabloid from 2000 to 2003.

Journalists who worked there in that period describe an industrialized operation of dubious information-gathering, reporters under intense pressure attempting to land exclusive stories by whatever means necessary, and a culture of fear, cynicism, gallows humor and fierce internal competition.

“We used to talk to career criminals all the time. They were our sources,” says another former reporter from the paper who also worked for Murdoch’s daily tabloid, the Sun. “It was a macho thing: ‘My contact is scummier than your contact.’ It was a case of: ‘Mine’s a murderer!’ On the plus side, we always had a resident pet nutter around in case anything went wrong.”

Moral outrage is a bad source of legislative impetus

Filed under: Law, Media, USA — Tags: , , — Nicholas @ 09:53

Steve Chapman attempts to explain why the multiple “Caylee’s Law” proposals in many state legislatures are uniformly bad ideas that will become bad laws:

It was once suggested, as a general rule of staying alive, never to fly on an airline named after a state or the owner. As a general rule of sound government, it’s also a good idea never to enact a law named after a person. Personalizing criminal law usually stems from fruitless outrage at a freakish event.

Plenty of legislators are ignoring that risk. Their proposals, all going by the name “Caylee’s Law,” are an understandable response to the acquittal of Casey Anthony of killing her 2-year-old daughter. Swearing when you stub your toe is also understandable, which doesn’t mean it will do your toe the slightest good.

[. . .]

Targeting parents who fail to report missing kids on a government-approved schedule will probably accomplish nothing useful. Conscientious adults with grounds for concern already call the cops. But the change would burden police with trivial cases that would soon resolve themselves.

Already kids are reported missing at the rate of more than half a million a year, usually because they run away or neglect to tell parents where they are. A 2002 Justice Department study noted that “all but a very small percentage are recovered fairly quickly.”

But a mother whose son has a habit of absconding and reappearing could go to prison for exercising sensible patience. A divorced dad whose ex-wife gets angry when he’s tardy returning the kids from a weekend outing could give new meaning to “custodial parent.”

Soviet tank battles

Filed under: Europe, Germany, History, Military, Russia, WW2 — Tags: , , , — Nicholas @ 00:06

I just picked up a copy of The Battle of Kursk by David M. Glantz and Jonathan M. House, based on a recommendation by Jim Dunnigan in his World War II Bookshelf. While any attempt to pick the top books about the Second World War is doomed to perpetual nit-picking by second-guessers and Monday Morning Quarterbacks, I’ve generally found the works he recommended to be worth reading.

Although I’ve read much about World War II, I haven’t read much about arguably the most critical part of the entire war: the gargantuan battles pitting the Soviet Red Army against Hitler’s Wehrmacht. Some of that is just sheer pig-headedness: I used to work for the biggest wargame store in Toronto, back when wargames meant cardboard counters, vast paper hexagonal maps, and charts and tables galore. The hardest of the hard-core gamers seemed to be either Napoleonic grognards (down to the secret stash of sabres and shakos in the gaming room) or even more dedicated junkies of the “Great Patriotic War”/”Operation Barbarossa”. Some of the latter were genuinely crazy, right down to the barely contained hints that “Hitler was just misunderstood”.

On the assumption that certain forms of craziness are contagious, I avoided most of the latter as much as I could, consistent with my duty to sell them the latest and greatest game involving their particular passion.

One day, perhaps in a fit of weakness, I allowed myself to get lectured by one of the fanatics about the details of the Battle of Kursk. The fan who felt the need to bend my ear was eager to impart information about some “famous battle” that turned out to have been a serious tactical miscalculation by a Soviet officer. The story, as he told it, had a very large formation of Soviet tanks “taking a shortcut” through a major minefield, resulting in many disabled/destroyed tanks and wounded or dead men. In the telling, this kind of thing could not be admitted as having happened without some enemy contact, so it was propagandized as being a major tank battle involving significant formations of German panzer troops and/or SS units (of whom, of course, the glorious defenders of the Motherland took a greater toll than they suffered themselves).

I’d heard a couple of variations of this story by this point, but none of them could name the general who led the formation, the location of the event, or the “battle” that was supposedly re-written for propaganda purposes.

Does this story ring a bell for anyone? I’d imagine if it had really happened in a way close to the way it was told to me, it would have been documented in great detail (especially after the fall of the Soviet Union, in that brief period that both the Soviet and the Nazi records were available to western researchers without direct censorship).

July 17, 2011

James Delingpole anticipates his heroic progress through Australia

Filed under: Australia, Economics, Environment, Politics — Tags: , , — Nicholas @ 12:45

No, really:

Gosh I’m looking forward to visiting Australia later this year. And the reason I’m so excited — apart from the fact that I’ve never been before to the Land of the Taipan, the Sydney Funnel Web, the Box Jellyfish, the Saltwater Crocodile, and the Great White Shark — is that I know I’m going to be given a hero’s welcome.

After all, by the time I arrive in Oz sometime in November to promote the Aussie edition of Watermelons (Connor Court), the Australians will have had a good three months to reflect on the disasters which have been inflicted on their economy in the name of “combating climate change.” They’ll have noticed the $25 billion shaved off the share markets in a spectacular vote of investor confidence in Prime Minister Julia Gillard’s new carbon tax; they’ll have started to feel the effects of the blackouts caused by the needless (and uncosted) closure of 2000 mega watts worth of “dirty” brown coal power stations; and above all, they’ll have done their calculations — as the mighty Andrew Bolt has done — and come to a robust Aussie conclusion:

$24.5 billion is too bloody much, too bloody much by far, for Australia to pay for the privilege of reducing the world’s temperature, by 2020, by 1/4000th of a degree.

Yep, you read that aright. Australian Prime Minister Julia “Toast” Gillard has hit on the ingenious idea of clobbering one of the world’s most thriving — and also one of the most carbon-intensive — economies with a tax on one of its main industrial by-products, CO2, which will punish business, hamstring economic growth, boost unemployment and make life for everyone outside the enviro-rent-seeking professions more difficult and expensive. And all in order to achieve the wonderful goal of ensuring that by 2020 the world’s temperature will be altered with such refinement and subtlety that not even the most sophisticated measuring equipment yet devised is likely to notice the difference.

Nick Gillespie and Matt Welch on a libertarian foreign policy

Filed under: Government, Military, Politics, USA — Tags: , , , , , — Nicholas @ 12:31

The third part of an interview with Gillespie and Welch, covering libertarian foreign policy ideas:

Federal government to unveil new retirement scheme

Filed under: Cancon, Economics, Government — Tags: , — Nicholas @ 12:09

Jonathan Chevreau looks at the federal government’s plan to introduce Pooled Registered Pension Plans (PRPPs):

This is a giant potential opportunity for the nation’s banks, mutual fund companies, insurance firms and a growing number of manufacturers of exchange-traded funds. Pension consultants, actuaries, financial planners and investment advisors will also see various business opportunities created as PRPPs catch on — primarily with small- and medium-sized businesses that never before offered its workers a pension plan. Mr. Menzies, the cabinet minister responsible for PRPPs, says he’s travelled the country consulting with the provinces.

“When the concept of the pooled RPP was shared with the provinces and territories they all came together to agree this makes sense.”

[. . .]

PRPPs will be (hopefully) low-cost defined contribution schemes run by the private sector where ultimate benefits will depend on how financial markets perform. The PRPPs would resemble the United States’ 401(k)s or Australia’s superannuation scheme.

They will be administered by financial institutions rather than employers, which is why Bay Street views them as a potential bonanza. As the “pooled” part of their name suggests, assets are co-mingled for investment purposes to keep down costs.

The original idea was that PRPPs would be mandatory for employers that don’t offer their own registered pension plan but Mr. Menzies says that decision would be up to the provinces. “We’re putting it out there that there is an option for the employer and for the employee. I’ve spoken to many small businesses that said ‘finally here’s a low-cost affordable plan I can enroll my employees in.’ It will be a retention and enticement tool.”

Employers won’t be forced to make contributions, but may choose to do so. Employees will be automatically enrolled at a base contribution rate, but they can opt out.

There will be two types of members: Employed and individuals. The latter include the self-employed and employees of organizations that do not offer PRPPs. Benefits are portable. Employers offering PRPPs can move to a new plan if they wish. There are fewer portability restrictions for individual members, making them convenient if they later change jobs and want to take their pension with them.

That portability is key: I’ve wondered for years why unions have not been hammering on that aspect in their negotiations with big employers (although unions generally pay most attention to the needs of current union members at the expense of both retired and future members). By the time you’ve worked at a company long enough to qualify for their pension scheme, you’re often locked in due to the lack of portability of your pension. If you leave the firm, voluntarily or not, you lose much of the potential return on the pension contributions you’ve already made (if you don’t lose them altogether).

This proposal may well solve much of that problem.

In the aftermath of Georgia’s “victory” over illegal farm workers

Filed under: Americas, Food, Law, USA — Tags: , , — Nicholas @ 11:54

Last month, I linked to a story about Georgia’s attempt to crack down on illegal agricultural workers. It was, in terms of achieving its stated goals, a big success: illegal workers left in droves for other jurisdictions. It wasn’t quite as successful from the point of view of farmers:

To combat the shortage, Governor Nathan Deal has authorized using criminal offenders out on probation to replace the mostly Latino migrant workers. It’s not working out so well:

    The first batch of probationers started work last week at a farm owned by Dick Minor…So far, the experiment at Minor’s farm is yielding mixed results. On the first two days, all the probationers quit by mid-afternoon, said Mendez, one of two crew leaders at Minor’s farm.

    “Those guys out here weren’t out there 30 minutes and they got the bucket and just threw them in the air and say, ‘Bonk this, I ain’t with this, I can’t do this,’” said Jermond Powell, a 33-year-old probationer. “They just left, took off across the field walking.”…

H/T to John Henke for the link.

Saudi Arabia upgrades their armoured forces

Filed under: Germany, Middle East, Military, Technology — Tags: , , , — Nicholas @ 10:49

Saudi Arabia will add a few hundred of the most up-to-date panzers to their defence forces:

Saudi Arabia is buying 244 Leopard 2A7+ tanks from Germany. Saudi Arabia is believed to have already ordered 44, and now has increased that order. It was only a year ago that German tank manufacturer KMW has revealed this, the latest version of its Leopard 2.

Two years ago, the German Army announced that it was going to upgrade 150 of its Leopard 2A6 tanks to the A7 standard. That would include more armor on the sides and rear (especially to protect against RPGs), more external cameras (so the crew inside could see anything in any direction, day or night), a remote control machine-gun station on top of the turret, better fire control and combat control computers and displays, more powerful auxiliary power unit and better air conditioning, and numerous other minor improvements. This would increase the weight of the tank to nearly 70 tons.

[. . .]

Saudi Arabia is concerned about Iran, which has a force of 1,500 much older tanks (most of them Russian T-72s and T-54/55s). Saudi Arabia has 1,300 tanks, most of them older American M-60s and French AMX-30s. But the Saudis also have 370 U.S. M-1s and 150 Russian T-90s. The 244 Leopards will increase the Saudi edge. The Saudis also have the money to buy spare parts for their modern tanks, and Western instructors to provide the best training. But the Iranians are better soldiers, so they might have an edge there.

Testing a new WordPress plug-in

Filed under: Administrivia, Technology — Tags: , — Nicholas @ 10:35

I’ve installed a new WordPress plug-in to display Facebook, Twitter, and Google+ buttons at the bottom of individual posts (not on the main page). If you have any problems using them, please let me know.

Update, 8 August: I had to turn it off, as it was interfering with the stylesheet for both comments and extended entries. In both cases, whatever it was doing was reducing the space between paragraphs to the same as the ordinary inter-line spacing, and treating bulleted lists as if they were just ordinary paragraphs.

Nice idea, needs either a better (less intrusive) implementation, or should only be used by bloggers who know much more about the innards of stylesheets than I do.

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