Quotulatiousness

December 6, 2016

Bowmanville, Ontario from 1984-2016 in Google Timelapse

Filed under: Cancon — Tags: , , , , , — Nicholas @ 09:57

Description from the Timelapse page:

Timelapse

Timelapse is a global, zoomable video that lets you see how the Earth has changed over the past 32 years. It is made from 33 cloud-free annual mosaics, one for each year from 1984 to 2016, which are made interactively explorable by Carnegie Mellon University CREATE Lab’s Time Machine library, a technology for creating and viewing zoomable and pannable timelapses over space and time.

Using Earth Engine, we combined over 5 million satellite images acquired over the past three decades by 5 different satellites. The majority of the images come from Landsat, a joint USGS/NASA Earth observation program that has observed the Earth since the 1970s. For 2015 and 2016, we combined Landsat 8 imagery with imagery from Sentinel-2A, part of the European Commission and European Space Agency’s Copernicus Earth observation program.

Hand Grenades – The Belgian Army – Flemish Nationalism I OUT OF THE TRENCHES

Filed under: Europe, History, Military, Weapons, WW1 — Tags: , — Nicholas @ 03:00

Published on 5 Dec 2016

Indy is sitting int he chair of madness again and answers all your questions about the First World War. This week we talk about the Belgians and Hand Grenades.

Alex & Tyler’s Economist’s Christmas

Filed under: Economics — Tags: , , , , — Nicholas @ 02:00

Published on 5 Dec 2016

This week: Let’s get in the holiday spirit! What would an economist do about Christmas gifts?

What do you really want for the holidays? And how can you be sure you’re giving the perfect gift to someone else?

Of course, you want to get your loved ones something they will appreciate, but you face a knowledge problem: you don’t know everything about their wants and needs. You also have an incentive problem: oftentimes people aren’t quite as careful choosing a gift for others as they would be if buying something for themselves.

We’ve all received a present that we didn’t really want. When that happens, the value that we place on the gift can be less than its cost. According to research by economist Joel Waldfogel, gift givers spend an average of $50 on gifts that recipients only value at $40. Given that Americans spend around $100 billion on Christmas gifts, we’re wasting $18-20 billion every holiday season!

Is there a solution to this costly problem? Well, you can always give cold, hard cash! Many gift recipients would prefer it. But if you know the recipient’s tastes very well, you do have the opportunity to give them a non-cash present that they’ll love and that creates value by lowering their search costs.

There are, of course, occasions where the gift of money doesn’t make sense. Perhaps you want to signal that you care in a different way, or maybe there’s a custom you want to follow. You’ll just have to risk it in these situations.

Around the holidays, there’s also a spike in charitable giving. If you face knowledge and incentive problems in giving gifts to loved ones, you can imagine that these issues increase when you’re giving to someone you’ve never met. To combat this problem, some charities, such as GiveDirectly, give cash to people in need so that they spend charitable donations however meets their needs.

The efficiency of an economist’s Christmas may feel less warm and fuzzy, but the value creation is no less generous!

QotD: The power of music

Filed under: Media, Quotations — Tags: — Nicholas @ 01:00

Mrs. T and I just got back from seeing Maria Schneider’s first set at the Jazz Standard. Two thoughts come to mind, the first original and the second not:

  • In the presence of music, time and trouble stop.
  • The band took a couple of corners too fast on “Gumba Blue.” Everything turned out all right, though, and when the number was over, Maria grinned at the audience and quoted something that David Bowie once said to her: “The beautiful thing about music is that if the plane goes down, everybody walks away.”

I’ll co-sign that.

Terry Teachout, “Two thoughts about music”, About Last Night, 2016-11-25.

December 5, 2016

Seasonal beers – Yule Shoot Your Eye Out

Filed under: Media, Randomness — Tags: , , — Nicholas @ 04:00

It’s from a brewer in Houston I’ve never heard of, so the chances that it’ll appear in the government monopoly liquor stores here in Ontario are pretty small:

A Christmas Story is such a staple of the American holiday season that in 1997, Turner Broadcasting’s TNT or TBS networks began running “24 Hours of A Christmas Story.” All day long on Christmas Eve and all day long on Christmas Day, you can turn on the TV and catch A Christmas Story. When the screaming kids have finally gone to sleep, and you’re done with all your wrapping, you can sit down and catch a true American classic that will let you unwind, make you laugh, and remind you of the Christmas frustration of kids everywhere.

When you sit down to watch the movie, grab a beer. It will undoubtedly help you relax. Christmas is stressful, especially as a parent. You can see this in the character of “the Old Man” in Ralphie’s story. His father is always trying to balance a battle against his angry furnace, the neighbor’s wild and hungry dogs, and the stress of balancing life with his kids and his job.

In the mid-twentieth-century, middle-America setting of A Christmas Story, “the Old Man” probably drank some pretty boring beer to relax at the end of a long day. You, my friends, have many more options. There are plenty of Christmas beers, and we’ll get into them in the coming weeks, but there is one you just can’t pass up if you’re a fan of A Christmas Story (and let’s admit, you all are).

Karbach Brewing Company out of Houston makes a beer called Yule Shoot Your Eye Out. With a wonderful reference to the classic line from A Christmas Story, the gang at Karbach take it one step further with a representation of the famous leg lamp on the can.

yule-shoot-your-eye-out

The History of Paper Money – V: Working out the Kinks – Extra History

Filed under: Economics, History — Tags: , , — Nicholas @ 03:00

Published on Oct 29, 2016

The first question of paper money is not how much you can print, nor even what its value is – but who prints the money? When every bank started to print their own bank notes, it caused confusion and frustration. Enter the Central Bank.

The next Laundry Files novel from Charles Stross

Filed under: Books — Tags: — Nicholas @ 02:00

They won’t be out until mid-2017, but here are the cover designs for the UK and US editions:

The Delirium Brief (UK edition)

The Delirium Brief (UK edition)

The Delirium Brief (US edition)

The Delirium Brief (US edition)

The UK edition is going to be published by Orbit, as usual, and that’s their cover on the left (or above, depending on your browser). But in the United States, the series is now moving to Tor.com Publishing; so there’s a whole new cover design coming. (To be clear: earlier books will remain with Ace, but The Delirium Brief and subsequent novels will come from Tor.)

QotD: Wine merchants using alarmist tactics to sell wine

Filed under: Business, Health, Quotations, Wine — Tags: , — Nicholas @ 01:00

I’m a mom of three young kids. That means I like to have a glass of wine with breakfast, lunch, and dinner now and then. And since my kids seem to grow out of their clothes and shoes seconds after I’ve purchased them, I like to get a good deal on a box bottle or two. Luckily for me, there is stiff competition in the wine industry, which means I can get wines from around the world at prices I can afford.

Yet with competition comes increased need to attract customers. And some companies are resorting to a new strategy: Alarmism.

Consider the recent suggestion by some wine companies that some corks are not just inferior, but dangerous. That might seem silly to some or just a lousy marketing stunt to others, but it’s a familiar and all-too-effective tactic used on moms who are constantly encouraged to police their homes for threats to their families.

Julie Gunlock, “Wine Alarmists Should Stick a Cork In It: Stop whining about the non-existent dangers of certain wine corks, and start drinking”, The Federalist, 2015-05-19.

December 4, 2016

WW1 Archaeologists At The Site Of The First German Gas Attack I THE GREAT WAR Special

Filed under: Europe, History, Military, Science, WW1 — Tags: , , , — Nicholas @ 04:00

Published on 3 Dec 2016

A big thank you to the project team: Archaeological Revival of Memory of World War I: Material Remains of the Life and Death in Trenches of the Eastern Front and the Condition of the Ever-changing Battlescape in the Region of the Rawka and Bzura (1914–2014).

The project is funded by the Polish National Centre of Science and implemented by the Institute of Archaeology and Ethnology, Polish Academy of Sciences.

This is the first big video from our trip to Poland. In Bolimow, Polish archaeologists are digging in the former trenches of the Eastern Front. Here, the Germans used gas on a big scale for the first time. Polish soldiers were fighting each other on both sides of the front.

Canada’s Next Auxiliary Oiler Replenishment Ship – Episode 2

Filed under: Cancon, Military — Tags: , , , , — Nicholas @ 03:00

Published on Nov 28, 2016

The second installment of the documentary following the build of Canada’s new Auxiliary Oiler Replenishment Ship. Episode 2 follows the journey of Davie, its workers and partners from May to November 2016 as they build the largest ship that will operate in the Royal Canadian Navy fleet.

Conservative leadership race – Bernier and Chong at the “grownups’ table”

Filed under: Cancon, Politics — Tags: , , , — Nicholas @ 02:00

Chris Selley surveys the competition for federal Conservative leader:

Kellie Leitch has won the most headlines thus far, thanks to her store-bought populist appeal to suspicions about immigrants’ values and grievances with the political establishment. Campaign manager Nick Kouvalis is playing the media like a fiddle: at every mention of screening immigrants for “Canadian values” we squeal and writhe with high-toned outrage, incredulity and mockery. Kouvalis simply collates it, presents to the considerable majority of Canadians who think it’s a perfectly reasonable idea, and asks if they would support both the policy itself and the policy sticking in the craw of these jumped-up “elites.” The answer in many cases seems to be yes.

At the grownups’ table, however, a proper battle for the sanity and the soul of the Conservative Party of Canada has taken shape. Michael Chong reminds party supporters that a fiscally conservative party that claims to want to fight climate change should support market-based tools to get the job done — the simpler the tool (i.e., a carbon tax), the better. As leader, Chong could credibly hold a Liberal government to account for its less-than-pure commitment to carbon pricing and its inevitable failure to meet emissions targets.

Maxime Bernier reminds Conservatives that in 10 years, the party did almost nothing about Canada’s insane supply management systems. There is a constituency that believes a free market in dairy would of necessity pump our children full of bovine antibiotics, hormones and steroids. There is a much larger constituency that trusts Canada’s food safety system and would prefer cheaper groceries. If a conservative party can’t sell free markets when the upside is cheaper groceries and the downside is inconvenienced millionaire quota owners, it should close shop.

Bernier planted himself even more squarely in the Canadian policy mainstream with his recent proposal to reform the CBC as an ad-free broadcaster focused on “what only it can do” in a modern media market: he suggested more local programming, documentaries and foreign correspondents, “more programs about science, history, or religion.” He proposed a funding model like NPR and PBS, which rely heavily on private and corporate donations.

For the record, I don’t think carbon taxes are the way to go, as experience should tell us that governments rarely if ever bring in “revenue neutral” tax changes, and the carbon tax would end up being added to existing tax tools, rather than replacing them. I’m also on the record as being a fan of Mad Max for PM (although I’m not a Conservative, he’s the most libertarian mainstream politician since Laurier).

QotD: Human nature

Filed under: Government, Liberty, Quotations — Tags: , — Nicholas @ 01:00

If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these organizers are always good? Do not the legislators and their appointed agents also belong to the human race? Or do they believe that they themselves are made of a finer clay than the rest of mankind?

Frédéric Bastiat, The Law, 1850.

December 3, 2016

Trudeau government to approach legalizing marijuana as an explicitly crony capitalist exercise

Jay Currie was woken up at an ungodly early hour to talk on a radio show about the leaked portions of the Canada Marijuana Task Force Report. It’s apparently not good news for consumers but really great news for the existing favoured “legal” producers:

The leak itself is interesting and more than a little outrageous. The Report clearly favours Health Canada Licenced Medical Marijuana growers and many of those corporate grow shows are publically traded companies. Allowing the report to come out in dribs and drabs (because “translation”) could cause deep uncertainty in the public markets. The government should release the report, in toto, immediately.

Substantively, the Report apparently recommends that legalization efforts be directed at “getting rid of the $7-billion-a year black market. Sources familiar with the report, which is expected to be made public Dec. 21, say all the other recommendations flow from that guiding principle.”

It is not clear whether that “black market” includes the grey market of dispensaries and pot shops which has grown up in Canada and which continues to expand.

Using “legalization” as a weapon against the “black market” is pretty much the level of restrictive thinking I expected from the Task Force. Rather than seeing legalization as an opportunity to regularize the marijuana market, the language suggests a resumption of the war on drugs by other means.

The Task Force is apparently suggesting that the 40 Health Canada approved licencees remain the only legal source of marijuana and proposes that recreational pot, like medicinal pot, continue to be delivered by Canada Post. A nostalgic bow to the mail and a suggestion pretty certain to keep dispensaries and “Bob on the corner” in business for the foreseeable future. Here is a free clue for the Liberal government: recreational pot users are impulse buyers. As I say in my book, “The most common triggers for the decision is that, by their lights, a customer is running low on pot, has run out of pot or has been out of pot for some time but only now has the money to buy more pot.” In short, not likely to wait a week for Canada Post to deliver.

The History of Paper Money – IV: Lay Down the Law – Extra History

Filed under: Economics, Europe, France, History — Tags: , , — Nicholas @ 03:00

Published on Oct 22, 2016

What happens when you really try to put paper money doctrine into practice? And why would you put a gambler, womanizer, and fugitive criminal like the ironically named John Law in charge of running it?

Capitalists and communists

Filed under: Bureaucracy, History, Politics — Tags: , , , — Nicholas @ 02:00

David Warren notes an odd similarity:

The last generation of Communists in power, in the Soviet Union and elsewhere, suffered from a debilitating foible. They did not themselves believe in the ideology they were preaching. Their efforts were thus directed to getting around the realities their forebears had not anticipated. They thus became their own enemies, working against their own unworkable socialist principles, and in the course of their tireless if frazzled ministrations, the Berlin Wall came down.

Capitalism suffers from the same problem today. The principles of Adam Smith are not seriously believed by any of its nominal advocates. They are not even known. Nor could they be, for like Marx, Smith is not even read. I have derived pleasure, on many occasions, from pointing out to some ideological enthusiast for Capitalism, that its supposed author was refulgently opposed to joint-stock companies. Which is to say, to the form of business ownership that controls — oh, I don’t know — ninety-five percent of the so-called “private sector” economy today?

I observed that, apart from any consideration of morality (and he was, after all, only an amateur economist, but a professional Perfesser of Moral Philosophy), Smith believed that joint-stock companies were inefficient, because essentially bureaucratic. This is inevitable when ownership is separated from management. “Growth,” or Bigness, subtly replaces profit (both mercenary and non-mercenary) as the principal aspiration.

As a general rule of thumb, when you want to get something done, use the smallest possible organization to achieve your desired goal. I always found it a warning sign of future decline when small companies I worked for started to take on the trappings of bigger companies … when the bureaucratic rot began to set in. In some cases, just the transition to having an “HR Department” (rather than managers hiring directly) was enough to trigger bureaucracy growth and efficiency losses.

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