Quotulatiousness

February 2, 2020

Africa, the Axis’ Achilles Heel – The Allied African Campaigns – WW2 – 075 – February 1, 1941

Filed under: Africa, Britain, Germany, Greece, History, Italy, Military, WW2 — Tags: , , , , — Nicholas @ 06:00

World War Two
Published 1 Feb 2020

Greek Prime Minister Ioannis Metaxas dies this week as Italy is still uncomfortably wrapped up in the Albanian Mountains. Italy also finds itself in a pickle on other fronts, as Allied troops in Africa move into Italian territory with three offensives this week.

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Vatican by Made by Made from the Noun Project
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Artillery by Creative Mania from the Noun Project

Soundtrack from the Epidemic Sound:
Christian Andersen – “Disciples of Sun Tzu”
Reynard Seidel – “Deflection”
Fabien Tell – “Last Point of Safe Return”
Johan Hynynen – “Dark Beginning”
Bonnie Grace – “Imperious”
Johannes Bornlof – “Last Man Standing 3”

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A TimeGhost chronological documentary produced by OnLion Entertainment GmbH.

Boeing and the kitchen sink

Filed under: Business, USA — Tags: , , — Nicholas @ 05:00

In the Continental Telegraph, Tim Worstall looks at the mess the new Boeing management has inherited and what they may need to do to be seen to be fixing it:

Which brings us to another piece of stock market wisdom, about trying to catch a falling knife. A dangerous occupation and the reference is to trying to call the bottom on some stock that has just had a disaster. At some point, surely, the tumble in price will stop and there will be a bounce. Well, yes, or perhaps maybe, for we must not forget that that proper bottom is that end of life – the bankruptcy – price of nothing. For everything that isn’t about to go bust then yes, there’s a price at which buying in the face of everyone else’s panic can be highly profitable. The question being, well, what is about to go bust? Toys R Us did, after all. Actually, so have quite a lot of retailers just recently. There was no above zero price at which it was sensible to buy in.

So, some stock crashes in price, should we buy in? After all, there is that phenomenon known as the dead cat bounce – anything will bounce at least once if you drop it from high enough. The question becomes one of, well, is this crash a result of something that can be reversed, or perhaps something that’s not going to be terminal for the organisation? Or is this just the start of that realisation process that the organisation is coming to the end of its life and going to that final resting place of a zero dollar valuation?

[…]

So, Boeing and the 737 Max. The changes in airframe had the unfortunate consequence of diving a couple of the planes into the ground. We’ve had a drip of stories about how the development process wasn’t all we would wish it to be. The FAA isn’t going to let it back up into the air until the summer at earliest. The Dreamliner seems to be having demand problems and, well, things aren’t looking good.

But is this the start of some spiral to zero? No, don’t be daft. Partly because the American government simply would not allow that. Boeing’s too much part of the backdrop of the US economy for that to be left to happen. The military business is also of significant value whatever happens to the civil aviation side. And of course the numbers we’re talking about here could be painful to stock holders – they are already in part of course – but at the very worst we’re looking at some tens of billions of problem here. That’s just not enough to drive a company Boeing’s size down to zero. Not in this decade at least, given that the only reasonable competition is Airbus. Global duopolies don’t end that way.

So, at this point there’s an argument to say that trying to catch that falling knife of the Boeing stock price might be worthwhile. So, when might that be? At which point another idea, kitchen sinking. This is when a new management team decides to make themselves look good by declaring how bad things had got under the previous one. Absolutely anything and everything that looks like, it might even smell of a problem in the future is taken out and declared. Provisions are made for this problem on this contract, for that problem that might occur over there, add a bit more and then heck, why not, double it! This has, assuming the company survives this balance sheet massacre, the obvious effect of making the new management team look good over the years. Not just because everything starts from this new low place. But also because many of those provisions – those over-provisions – won’t be needed and can be written back from reserves into the P&L.

Paul Sellers’ Desktop Organiser | Episode 2

Filed under: Tools, Woodworking — Tags: , , — Nicholas @ 04:00

Paul Sellers
Published 31 Jan 2020

Episode 3 will be released on YouTube on Friday 14th February.

Throughout this project, Paul emphasizes the methods of exactness to get the best results. Accuracy in planing leads to leveling the surfaces and especially those adjacent to one another. From surface planing to round overs and then gluing on the bottom board, there is no compromise.

This is the first time Paul has taught how to establish a fielded surface to a panel or lid via video and there are several techniques he uses in this small organiser that he hasn’t used elsewhere in his video output. Watching the technique in video with a thorough explanation alongside will be very instructional. Enjoy!

For a free PDF of the drawing and cutting list, click here: https://paulsellers.com/desktop-organ…
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Want to learn more about woodworking?

Go to Woodworking Masterclasses for weekly project episodes: http://bit.ly/2JeH3a9

Go to Common Woodworking for step-by-step beginner guides and courses: http://bit.ly/35VQV2o

http://bit.ly/2BXmuei for Paul’s latest ventures on his blog

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“The European Union is a 1970s solution to a 1940s problem”

Filed under: Books, Bureaucracy, Europe, Government — Tags: , , , — Nicholas @ 03:00

Mark Steyn shares some thoughts on the now-diminished European Union from his 2006 book America Alone as the United Kingdom exits the European Union:

The construction of a pan-continental Eutopia was meant to ensure that Europe would never again succumb to militant nationalism of one form or another. Instead, the European Union’s governing class has become as obnoxiously post-nationalist as it was once nationalist: its post-nationalism has become merely the latest and most militant form of militant nationalism — which, aside from anything else, makes America, as the leading “nation state” in the traditional sense, the prime target of European ire.

It’s true that there are many European populations reluctant to go happily into the long Eurabian night. But, alas for them, modern Europe is constructed so as to insulate almost entirely the political class from populist pressures. As the computer types say, that’s not a bug, it’s a feature: the European Union is a 1970s solution to a 1940s problem, and one of the problems it was designed to solve is that fellows like Hitler and Mussolini were way too popular with the masses. Just as the House of Saud, Mubarak, and the other Arab autocracies sell themselves to the West as necessary brakes on the baser urges of their peoples, so the European leadership deludes itself on the same basis: why, without the EU, we’d be back to Auschwitz. Thus, on the eve of the 2005 referendum on the European “constitution,” the Dutch prime minister, Jan Peter Balkenende, warned his people where things would be headed if they were reactionary enough to vote no. “I’ve been in Auschwitz and Yad Vashem,” he said. “The images haunt me every day. It is supremely important for us to avoid such things in Europe.”

Golly. So the choice for voters on the Euro-ballot was apparently: yes to the European Constitution or yes to a new Holocaust. If there was a neither-of-the-above box, the EU’s rulers were keeping quiet about it. The notion that the Continent’s peoples are basically a bunch of genocidal wackos champing at the bit for a new bloodbath is one I’m not unsympathetic to. But it’s a curious rationale to pitch to one’s electorate: vote for us; we’re the straitjacket on your own worst instincts. In the end, the French and Dutch electorates voted no to the new constitution. One recalls the T-shirt slogan popular among American feminists: “What part of ‘No’ don’t you understand?” In the chancelleries of Europe, pretty much every part. At the time of the constitution referenda, the rotating European “presidency” was held by Luxembourg, a country slightly larger than your rec room. Jean-Claude Juncker, its rhetorically deranged prime minister and European “president,” staggered around like a collegiate date-rape defendant, insisting that all reasonable persons understand that “Non” really means “Oui.” As he put it before the big vote: “If it’s a yes, we will say ‘on we go,’ and if it’s a no we will say ‘we continue.'”

And if it’s a neither of the above, he will say “we move forward.” You get the idea. Confronted by the voice of the people, “President” Juncker covers his ears and says, “Nya, nya, nya, can’t hear you!”

Only in totalitarian dictatorships does the ballot come with a pre-ordained correct answer. Yet President Juncker distilled the great flaw at the heart of the EU constitution into one disarmingly straightforward expression of contempt for the will of the people. For his part, the architect of the constitution — the former French president Valery Giscard d’Estaing — was happy to pile on: why, even if the French and the Dutch had been boorish enough to want to vote no to the constitution, they would have been incapable of so doing, as the whole thing was designed to be way above their pretty little heads. “It is not possible for anyone to understand the full text,” declared M. Giscard. During his labors on the constitution, he’d told me he saw himself as “Europe’s Jefferson.” By referendum night he’d apparently become Europe’s Jefferson Airplane, boasting about the impenetrability of his hallucinogenic lyrics. The point is that his ingrate subjects had no need to read beyond the opening sentence: “We the people agree to leave it to you the people who know better than the people.”

After that, the rest doesn’t matter: you can’t do trickle-down nation-building. The British, who’ve written more constitutions for more real nations than anybody in history and therefore can’t plead the same ignorance as President Juncker, should be especially ashamed of going along with this farrago of a travesty of a charade.

Israeli M1919 Brownings and the US Semiauto Market

Forgotten Weapons
Published 28 Mar 2018

Sold for $4,888.

In the world of converted semiautomatic “machine guns,” the Browning 1919 is a happy example of one of the most iconic and historically important US machine guns and also one of the cheapest semiautomatic belt fed guns available. This stems from two factors, primarily. One is that the Browning 1919, being developed from the water-cooled M1917 Browning, is a closed bolt system. Open bolt semiautomatic designs are not allowed by ATF, and so most semiauto machine gun conversions require substantial alteration to convert from open bolt to closed bolt — which the M1919 does not need. Second, the IDF used the Browning M1919 for many years and in large numbers, and surplussed many of them in the late 1990s. These guns came into the United States as parts kits in large numbers. This meant a glut of cheap guns, easily built as semi autos, and in an easily shootable caliber — 7.62mm NATO (as converted by Israel from their original .30-06 chambering).

Today, we are looking at an example of a semiautomatic converted M1919, and specifically at the various changes made by Israel to both improve the design and convert it successfully to the NATO cartridge.

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QotD: The role of government, as seen by fans of government

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

It seems to me that many people believe that we human beings left undirected by a sovereign power are either inert blobs, capable of achieving nothing, or unintelligent and brutal barbarians destined only to rob, rape, plunder, and kill each other until and unless a sovereign power restrains us and directs our energies onto more productive avenues. In the 16th and 17th centuries it was believed that the beneficent sovereign power must be monarchial; in the 19th, 20th, and (so far) 21st centuries it is believed that the beneficent sovereign power must be “the People,” usually in the form of democratic majorities. We moderns applaud ourselves for having discarded our ancestors’ unenlightened attachment to monarchy and for our having replaced that attachment with an attachment to majoritarian nationalist democracy. We moderns do not understand that our attachment to nationalist sovereignty itself is a far more dangerous superstition than is an attachment to a variety of sovereignty other than majoritarian nationalist democracy.

Don Boudreaux, “Bonus Quotation of the Day…”, Café Hayek, 2017-11-25.

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