Quotulatiousness

June 29, 2018

Justin Trudeau’s emotional thinking style resonates with female voters

Filed under: Cancon, Economics, Politics — Tags: , , — Nicholas @ 05:00

Brandon Kirby on, among other things, why Justin Trudeau polls consistently higher with women than with men:

Justin Trudeau and family during India visit
Image via NDTV, originally tweeted by @vijayrupanibjp

Justin Trudeau gave one of his worst interviews during the campaign with a Maritime reporter, Steve Murphy.

Murphy continually asked him for the numbers on his spending promises, to which Trudeau had none to give. Eventually he went on the offensive against Murphy and suggested that Murphy approached politics with a calculator while Trudeau can speak to Canadians. People who think in terms of STEM find this remarkably absurd.

It’s problematic that if the numbers don’t add up in Trudeau’s budgets, he won’t be helping Canadians at all. Wages will remain stagnant while power bills go up, grocery bills go up, and our tax bills will go up.

Trudeau is on the record claiming that he will grow the economy from the heart outward, but as the calculator dictates, his plans have serious economic consequences and the rhetoric that appears caring is actually destructive.

Rational thinkers find the empty rhetoric of growing the economy from the heart outward, while simultaneously making life harder on the poor and middle class, highly offensive.

Feminists have supplied us with the premise that on average, women don’t think in terms of STEM. Economics as a science requires an appraisal that is thoroughly calloused at times, which people who don’t appreciate STEM will find highly offensive.

The end result is that if women don’t think in terms of calloused rationalism, they won’t find libertarianism at all appealing.

If it were the case that only Canadian women were permitted to vote, Trudeau would win a majority government easily. If only Canadian men were to vote, Trudeau would be swiftly defeated.

George W. Bush was the most unpopular president in the U.S. during my lifetime, and yet his approval ratings are polled higher for Americans than Trudeau’s are among Canadian men.

There’s a discrepancy between men and women but that doesn’t imply individualism is wrong.

[…]

We do need to encourage women to adopt the calloused STEM approach. $99 per case of water isn’t how most women think, but unlike the opposing view it has the virtue of actually being getting water to people; going beyond stage-one-thinking – it’s actually compassionate.

The Run For The Baku Oil Fields I THE GREAT WAR Week 205

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

The Great War
Published on 28 Jun 2018

While the Ottoman Army of Islam is marching on Baku and the Caspian Sea, multiple other players are trying to stake their claim of the Baku oil fields.

Honduran refugees and the hellhole they’re fleeing

Filed under: Americas, Business, History, USA — Tags: , , , , , — Nicholas @ 03:00

Justin Raimondo on the plight of Honduras, and how it got to be the hellhole it is:

Honduras, Guatemala and El Salvador
Image via Google Maps.

As tens of thousands gather at our southern border, roiling US politics, the question arises: why are so many of the asylum-seekers and migrants crossing the border illegally from three Central American countries in particular: El Salvador, Honduras, and Guatemala?

To begin with, it’s no coincidence that these are the three “most invaded” countries south of the Rio Grande – that is, invaded by the United States and its proxies.

[…]

So what are these “refugees” fleeing? Is it so bad that parents are justified in paying smugglers to guide their underage children – traveling alone! – across the US-Mexican border?

Unlike the rest of the media, which has routinely ignored most of what goes on in Latin America since the end of the cold war, I’ve been covering the region regularly. […] As I wrote last year:

    “Honduras has always been an American plaything, to be toyed with for the benefit of United Fruit (rebranded Chiquita) and the native landowning aristocracy, and disciplined when necessary: Washington sent in the Marines a total of seven times between 1903 and 1925. The Honduran peasants didn’t like their lands being confiscated by the government and turned over to foreign-owned producers, who were granted monopolistic franchises by corrupt public officials. Periodic rural revolts started spreading to the cities, despite harsh repression, and the country – ruled directly by the military since 1955 – returned to a civilian regime in 1981.”

That column was about the Hillary Clinton-endorsed coup against the democratically elected President, Manuel Zelaya. The popular conservative-turned-reformer had pushed through a number of measures designed to alleviate the peasantry’s hopeless poverty and shift power from the military to the presidency, which angered the Honduran elite. They were triggered, however, when Zelaya joined the ALBA alliance of Latin American countries allied with Hugo Chavez’s Venezuela. While ALBA never really amounted to much, either economically or militarily, the symbolism of this move was too much for the Honduran military, which was trained in the US and generously subsidized by Washington. The generals soon had Zelaya on a plane out of the country – while still in his pajamas. Washington issued a perfunctory scolding, but Hillary’s State Department had approved the coup in advance. It’s always been done that way, and this time was no exception.

[…]

So is the Honduran hegira to the Rio Grande a direct result of US foreign policy: is it “blowback,” to utilize CIA parlance for the unpleasant consequences of US actions abroad? It would be easy to say this is yet another example of how our foreign policy of global intervention comes back to haunt us, because that is partially true. Yet the old familiar story of the Ugly Americans backing the even uglier Local Despot doesn’t quite fit the most current facts: there has been an amazing drop in US military aid to Honduras. In 2017 it was over $19 million. This year it’s a mere $750,000!

The history of Honduras before the rise of American hegemony has done more to shape the country than any other single factor: the vital question of land ownership is the central issue here and in the entire South. Feudalism was never really abolished, and the feudalist remnants that persist to this day in the region delayed economic and technological development and kept the vast majority in penury. US foreign policy helped to sustain the life of this systemic repression: it didn’t create it. Whatever the “root causes,” the blowback from all this history has created something very close to a failed state.

This is why tens of thousands are making the long trek to the US-Mexican border: the social and institutional basis of human civilization is breaking down, not only in Honduras but throughout Latin America. Yet this is neither new nor is it primarily attributable to the actions of the US. Yes, our “war on drugs” has created a criminal class that is rivaling the power of the local governments to keep order, but hard drugs are illegal everywhere, not just in North America.

Sultans of Swing (metal cover by Leo Moracchioli feat. Mary Spender)

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

Frog Leap Studios
Published on 30 Mar 2018

Original by Dire Straits

Check Mary´s channel here:
http://bit.ly/2pi8zsA

Want to send me something?
Postboks 27 4333 Oltedal,
Rogaland Norway

Hi there, my name is Leo and I run a studio on the westside of Norway where I record and produce bands, do video work and play live shows.

On my youtube channel there is lots of videos with covers, gear reviews, studio updates and other shenaningans.

For my covers I play everything myself as well as record, mix, master, shoot and edit the music & videos.

Please subscribe if you like what you see/hear and I am forever gratefull to everyone who buys songs so I can keep doing this as a living.

H/T to ESR for the link.

QotD: What is a discount rate?

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

It is not the 20 percent savings you got by buying a new washing machine on Black Friday last year. A discount rate is a way of accounting for the fact that dollars in the future are not quite the same as dollars you have right now.

You know this, don’t you? Imagine I offered to give you a dollar right now, or a dollar a year from now. You don’t have to think hard about that decision, because you know instinctively that the dollar that’s right there, able to be instantly transferred into your sweaty little hand, is much more valuable. It can, in fact, be easily transformed into a dollar a year from now, by the simple expedient of sticking it in a drawer and waiting. It can also, however, be spent before then. It has all the good stuff offered by a dollar later, plus some option value.

Even if you’re sure you don’t want to spend it in the next year, however, a dollar later is not as good as a dollar now, because it’s riskier. That dollar I’m holding now can be taken now, and then you will definitely have it. If you’re counting on getting a dollar from me a year from now, well, maybe I’ll die, or forget, or go bankrupt.

The point is that if you’re valuing assets, and some of your assets are dollars you actually have, and others are dollars that someone has promised to give to you at some point in the future, you should value the dollars you have in your possession more highly than dollars you’re supposed to get later.

The rule for establishing an exchange rate between future dollars and current ones is known as the “discount rate.” Basically, it’s a steady annual percentage by which you lower the value of dollars you get in future years.

All you need to remember is two things: the longer you have to wait to get paid, the less that promise is worth to you today. And the higher the discount rate you apply, the lower you’re valuing that future dollar.

Megan McArdle, “Public Pensions Are Being Overly Optimistic”, Bloomberg View, 2016-09-21.

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