Quotulatiousness

January 13, 2018

Actors and public morality

Filed under: History, Media, Religion, USA — Tags: , , — Nicholas @ 03:00

Jonah Goldberg on the differences in the way actors were viewed historically and today:

It may be hard for some people to get the joke these days, but for most of human history, actors were considered low-class. They were akin to carnies, grifters, hookers, and other riffraff. In ancient Rome, actors were often slaves. In feudal Japan, Kabuki actors were sometimes available to the theatergoers as prostitutes — a practice not uncommon among theater troupes in the American Wild West.

In 17th century England, France, and America, theaters were widely considered dens of iniquity, turpitude, and crapulence. Under Oliver Cromwell’s Puritan dictatorship, the theaters were forced to close to improve moral hygiene. The Puritans of New England did likewise. A ban on theaters in Connecticut imposed in 1800 stayed on the books until 1952.

Partly out of a desire to develop a wartime economy, partly out of disdain for the grubbiness of the stage, the first Continental Congress in 1774 proclaimed, “We will, in our several stations, … discountenance and discourage every species of extravagance and dissipation, especially all horse-racing, and all kinds of gaming, cock-fighting, exhibitions of shews [sic], plays, and other expensive diversions and entertainments.”

[…]

The most recent Golden Globes ceremony has already been excoriated for being a veritable geyser of hypocritical effluvia, as the same crowd that not long ago bowed and scraped to serial harasser and accused rapist Harvey Weinstein, admitted child rapist Roman Polanski, and that modern Caligula, Bill Clinton, congratulated itself for its own moral superiority.

The interesting question is: Why have movie stars and other celebrities become an aristocracy of secular demigods? It seems to me an objective fact that virtually any other group of professionals plucked at random from the Statistical Abstract of the United States — nuclear engineers, plumbers, grocers, etc. — are more likely to model decent moral behavior in their everyday lives. Indeed, it is a bizarre inconsistency in the cartoonishly liberal ideology of Hollywood that the only super-rich people in America reflexively assumed to be morally superior are people who pretend to be other people for a living.

I think part of the answer has to do with the receding of religion from public life. As a culture, we’ve elevated “authenticity” to a new form of moral authority. We look to our feelings for guidance. Actors, as a class, are feelings merchants. While they may indeed be “out of touch” with the rest of America from time to time, actors are adept at being in touch with their feelings. And for some unfathomably stupid reason, we now think that puts us beneath them.

Fast Food – Would You Like Capitalism With That? I THE COLD WAR

Filed under: Business, Economics, Food, History — Tags: , , — Nicholas @ 02:00

IT’S HISTORY
Published on 8 Jul 2015

A city that is not plastered with branches of US Fast Food chains is a rare sight nowadays. That wasn’t always the case. Fast Food, as we know it today, is a child of the economic boom after World War 2. Taking your new car for a ride to the Drive-In restaurant and getting a fresh burger; that’s the American Dream right there. Ultimately the concept of identical taste and identical manufacturing steps is one thing: pure capitalism. Food chains keep wages and costs as low as possible and that is why Fast Food is not nearly as glamorous today as it once was. So put down that Hamburger and find out all about the history of Fast Food with Guy on IT’S HISTORY.

Big Mac Index: http://bit.ly/TheBIGMACIndex

QotD: Occupational licensing

Filed under: Bureaucracy, Business, Quotations, USA — Tags: , — Nicholas @ 01:00

When my mother retired from selling real estate, she toyed with the idea that she — a talented cook who had long made her own croissants — might make a little money on the side by selling homemade baked goods. It’s the sort of business that people have started from time immemorial, letting them share what they love with someone willing to pay for it.

A quick investigation, however, revealed that the thing was impossible. You can’t just bake a little stuff at home and sell it, for fear that you might poison people. If you want to poison people with your deliciously flaky homemade croissants, it must be done on a strictly ad-hoc, volunteer basis.

Welcome to the modern economy, where increasingly, everything not compulsory is forbidden. We are hedged around with rules to protect us, to protect other people, to protect some theoretical victim who exists only in the minds of regulators and judges. And there’s reason to worry that this red tape is getting wrapped so tight that it risks rendering us immobile.

I’m not talking about environmental regulations, or even the labor regulations that make it increasingly expensive and burdensome to employ people. Today I’m talking about occupational licensing, and the burden it places on people who want to build a career.

Megan McArdle, “You’re Gonna Need a License for That”, Bloomberg View, 2016-05-17.

January 12, 2018

The wisdom of Zim Tzu, pre-divisional round edition

Filed under: Football, Humour — Tags: , , , , — Nicholas @ 05:00

This Sunday, the Minnesota Vikings will host the New Orleans Saints in the NFC Divisional round. By league rules, the head coach of each team must address the media at least once before the game, and despite his deep revulsion for all things media-related, Vikings head coach Mike Zimmer held the obligatory press conference earlier this week. As always, Zim Tzu does not dispense his wisdom lightly or to those who are incapable of comprehending the totality of his vision. For those benighted souls, the Daily Norseman gets their only black belt Zim Tzu disciple to provide an informed and educated translation of the guru’s brilliance, appropriately interpreted for the unwashed masses:

(more…)

Woodrow Wilson’s Fourteen Points I THE GREAT WAR WEEK 181

Filed under: Europe, Germany, History, Military, Russia, USA, WW1 — Tags: , , , , — Nicholas @ 04:00

The Great War
Published on 11 Jan 2018

In the first full week of 1918, U.S. President Woodrow Wilson outlines his points for peace. In the Caucasus, the increasing instability leads to daily skirmishes between the Armenians and Ottomans. Ludendorff continues planning for an upcoming German offensive whilst his countrymen negotiate peace terms with Russia.

President Oprah?

Filed under: Media, Politics, USA — Tags: , , , — Nicholas @ 03:00

I didn’t watch the TV or movie awards show that Oprah used to launch her presidential campaign test balloon, but many others did. Those who watched it generally came away very impressed, based on mentions in my various social media feeds. Those who read it later include skeptics like Colby Cosh:

The Oprah for President boomlet didn’t last long, did it? Oprah Winfrey is somebody who has been discussed occasionally as a semi-serious presidential candidate since the early 1990s. The talk-show hostess accumulated so much cultural and financial capital so quickly, once she became a national television figure, that the thought has always been universal: if she really wanted to run, it is hard to see how she could be stopped.

Indeed, if the Americans elected her, she would undoubtedly turn out to have the same sort of presidential “pre-history” that Donald Trump did. People had been making “President Trump” jokes for ages, although we never noticed quite how many of those jokes there were until they all came true and weren’t jokes anymore.

On Sunday night, Oprah give an acceptance speech for a lifetime-achievement award at the Golden Globes, and people found it so stirring that it started a mini-wave of “Oprah 2020” references and remarks on social media. What was most interesting about the speech was not its intensity or its profundity, but the fact that it was, self-evidently, designed as a political candidate’s address.

[…]

If you would like a Hollywood liberal president, or any president other than the one the United States has, criticizing Oprah goes against your immediate partisan interests. (At least it probably does. Is anyone really too sure about the character of her personal core politics?) There is no sense denying it: if she did run, she probably could win. In 2016 we all got a stark lesson in just how much televisual familiarity, a large personal fortune, and control of media attention can accomplish in a presidential election.

And, of course, she has enormous charisma. Even those of us who think her influence on American culture has been baleful must acknowledge there is something magnificent and stately about her, and that she represents the American dream about as well as any individual human could. Financially, Donald Trump can only dream of having her track record — and, probably, her fortune.

It doesn’t mean she should be president. One almost suspects that the Oprah 2020 trial balloon might have enjoyed more success if it had been launched six months ago. Amid the tearful liberal trauma that followed the defeat of Hillary Clinton, the Most Qualified Presidential Candidate Of All Time, the despairing temptation to seek a television president even more familiar than Trump was bound to be more powerful. The passage of time, combined with Ms. Clinton’s obnoxious re-litigation of a strategically dumb campaign, may have helped blue America regain its senses. This is, I think, good news. And not just for the liberals.

Investing: Why You Should Diversify

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

Marginal Revolution University
Published on 30 Aug 2016

So far, we’ve been telling you what not to do when investing. Here’s what you should do: diversify.

Don’t put all your eggs in one basket. Definitely, don’t put your investment money solely in your employer’s stock. That’s very loyal, but it’s a terrible strategy. Just think of Enron’s employees. They had huge chunks of their retirement funds in company stock. Upon Enron’s collapse, many employees who were once multimillionaires ended up with almost nothing.

As you can see, diversification is much safer. Diversification reduces risk by spreading your investment across different assets, doing so without reducing potential returns. Plus, modern financial markets make diversification easy. For example, our favorite investment instrument is the low-fee index fund. These funds mimic a large market basket of stocks, like the S&P 500. The sheer variety in the fund is what mitigates the risk. It’s diversification for the win.

A quick reminder, though. Choose an index fund with low fees. Fees may seem trivial, until you watch them eat away at your investment. Imagine this: take a hypothetical $10,000. Invest that in a fund with a 1% fee, and you’ll have roughly $57.5K after 25 years, assuming an average 8% return. Now, invest the same $10K, in a fund with a 0.2% fee.You’ll get roughly $70K over the same quarter-century.

Our point is — when it comes to investing, simple is best. So for example, if your employer offers a 401K, take the offer!

That being said, you might believe that the market is irrational. Anomalous, even.

No worries.

Next time, we’ll tackle behavioral finance to see if you can profit from anomalies, and irrationality.

QotD: Gaelic

Filed under: Europe, Humour, Quotations — Tags: , , — Nicholas @ 01:00

Gaelic (or anything Goidelic or Brythonic) is lost, and for a very simple reason. Once one sees it written down, one loses heart. One doubts that anyone could ever have spoken it aloud. Every word of this “mouth music” looks plainly unpronounceable; and proves unpronounceable to those unprepared from birth to speak it, not only from the centre of the mouth, like an Englishman, but from both sides, and every other part of the anatomy. (Compare: desert Arabic.)

David Warren, “Of mercy & forgiveness”, Essays in Idleness, 2016-06-02.

January 11, 2018

William Gibson: The Gernsback Continuum – Semiotic Ghosts – #8

Filed under: Books — Tags: , , — Nicholas @ 18:51

Extra Credits
Published on Jan 9, 2018

Ways that we dream about the world sometimes create a shared vision that we start to believe is real. When William Gibson first explored these “semiotic ghosts” of a pristine American future in the Gernsback Continuum, he showed how these visions of modern technology can separate us from our own reality and the personal meaning our world should hold for us.

Sell the sizzle works, for a while, but even names with “blockchain” still have to produce something

Filed under: Business, Technology — Tags: , — Nicholas @ 03:00

Remember the media splash — and stock price boost — that the Long Island Iced Tea Company got by rebranding themselves as Long Blockchain? The rest of the plan apparently isn’t playing out quite as the company may have hoped:

… today Long Blockchain announced it was scrapping the stock offering. The company says that it’s still planning to buy bitcoin-mining hardware. However, Long Blockchain says that it “can make no assurances that it will be able to finance the purchase of the mining equipment.”

Where the company might get the money to buy the mining equipment is unclear. Antminer S9 mining hardware lists for upwards of $5,000, so it would cost millions of dollars to get 1,000 units. Long Blockchain’s most recent financial disclosure shows the company with only $429,000 in cash on hand in September.

The company’s press release didn’t explain the sudden turnaround, but it seems the stock market wasn’t thrilled by the plan to sell new shares. Long Blockchain’s stock price fell on Friday, the day the plan was announced, then soared this morning when the plan was scrapped. The stock is still worth more than double its value before the blockchain pivot was announced last month.

The broader question is why it makes sense for a beverage company to get into the blockchain business in the first place. In principle, you could imagine the company looking for ways to use blockchains to improve its core business — by optimizing supply chain management, for example.

Maybe I should rethink my plan to rebrand as Quotulatiousness BLOCKCHAIN

5 Tips For A Small Wood Workshop – making the most of your space

Filed under: Tools, Woodworking — Tags: , — Nicholas @ 02:00

Rag ‘n’ Bone Brown
Published on 30 Jul 2016

Five tips for making the most of the space in your small workshop.

Here are links to the other workshop project videos I mentioned:
Making a stand/mobile base for the electric planer http://www.youtube.com/watch?v=VP0X7F…
Making a workbench http://goo.gl/Z521Dk
Making a mitre saw station part 1 http://goo.gl/s4vtvC
Making a mitre saw station part 2 http://goo.gl/4N4iX5

Thanks for watching! Please subscribe!

http://www.ragnbonebrown.com

QotD: Regime uncertainty

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

Washington’s destructive policies have been dubbed “regime uncertainty” in a strand of innovative analyses pioneered by Robert Higgs of the Independent Institute. Regime uncertainty relates to the likelihood that an investor’s private property — namely, the flows of income and services it yields — will be attenuated by government action. As regime uncertainty is elevated, private investment is notched down from where it would have been. This can result in a business-cycle bust and even economic stagnation. I recommend Higgs’ most recent book for evidence on the negative effects of regime uncertainty: Robert Higgs. Taking a Stand: Reflections on Life Liberty, and the Economy. Oakland, CA: The Independent Institute, 2015.

Steve Hanke, “What’s Killing U.S. Growth?”, Huffington Post, 2016-04-12.

January 10, 2018

Tipping toward a new Ice Age

Filed under: Environment, History, Science — Tags: , , , — Nicholas @ 05:00

Matt Ridley on the possibility that our current interglacial period — the time period during which all of human history has played out from before the start of agricultural civilization down to today — may be coming to an end:

In 1976 Nicholas Shackleton, a Cambridge physicist, and his colleagues published evidence from deep-sea cores of cycles in the warming and cooling of the Earth over the past half million years which fitted Milankovich’s orbital wobbles. Precession, which decides whether the Earth is closer to the sun in July or in January, is on a 23,000-year cycle; obliquity, which decides how tilted the axis of the Earth is and therefore how warm the summer is, is on a 41,000-year cycle; and eccentricity, which decides how rounded or elongated the Earth’s orbit is and therefore how close to the sun the planet gets, is on a 100,000-year cycle. When these combine to make a “great summer” in the north, the ice caps shrink.

Game, set and match to Milankovich? Not quite. The Antarctic ice cores, going back 800,000 years, then revealed that there were some great summers when the Milankovich wobbles should have produced an interglacial warming, but did not. To explain these “missing interglacials”, a recent paper in Geoscience Frontiers by Ralph Ellis and Michael Palmer argues we need carbon dioxide back on the stage, not as a greenhouse gas but as plant food.

The argument goes like this. Colder oceans evaporate less moisture and rainfall decreases. At the depth of the last ice age, Africa suffered long mega-droughts; only small pockets of rainforest remained. Crucially, the longer an ice age lasts, the more carbon dioxide is dissolved in the cold oceans. When the level of carbon dioxide in the atmosphere drops below 200 parts per million (0.02 per cent), plants struggle to grow at all, especially at high altitudes. Deserts expand. Dust storms grow more frequent and larger. In the Antarctic ice cores, dust increased markedly whenever carbon dioxide levels got below 200 ppm. The dust would have begun to accumulate on the ice caps, especially those of Eurasia and North America, which were close to deserts. Next time a Milankovich great summer came along, and the ice caps began to melt, the ice would have grown dirtier and dirtier, years of deposited dust coming together as the ice shrank. The darker ice would have absorbed more heat from the sun and a runaway process of collapsing ice caps would have begun.

All of human civilisation happened in an interglacial period, with a relatively stable climate, plentiful rainfall and high enough levels of carbon dioxide to allow the vigorous growth of plants. Agriculture was probably impossible before then, and without its hugely expanded energy supply, none of the subsequent flowering of human culture would have happened.

That interglacial will end. Today the northern summer sunshine is again slightly weaker than the southern. In a few tens of thousands of years, our descendants will probably be struggling with volatile weather, dust storms and air that cannot support many crops. But that is a very long way off, and by then technology should be more advanced, unless we prevent it developing. The key will be energy. With plentiful and cheap energy our successors could thrive even in a future ice age, growing crops, watering deserts, maintaining rainforests and even melting ice caps.

JourneyQuest S03E09 – “Black Robe Stuff”

Filed under: Gaming, Humour — Tags: , — Nicholas @ 04:00

Zombie Orpheus Entertainment
Published on 9 Jan 2018

Watch the complete, uncut season on Amazon Prime or ZOE Premium (http://www.zombieorpheus.com) and be sure to follow us on Facebook for the latest updates (http://www.facebook.com/zombieorpheus)

Re-partitioning Australia

Filed under: Australia, Humour — Tags: — Nicholas @ 03:00

Jessica Brisbane posted this to Facebook:

[Click to embiggen]

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