Quotulatiousness

February 1, 2021

Battle of Hong Kong 1941 – Pacific War

Filed under: Britain, Cancon, China, History, India, Japan, Military, Pacific, WW2 — Tags: , — Nicholas @ 04:00

Kings and Generals
Published 31 Jan 2021

The first 100 people to go to https://www.blinkist.com/kingsandgenerals are going to get unlimited access for 1 week to try it out. You’ll also get 25% off if you want the full membership

Kings and Generals 3d animated historical documentary series on modern warfare continues with a video on the battle of Hong Kong of 1941. Japanese Empire is waging another Sino-Japanese war against China and decides that it is time to take over Hong Kong, as the British were using it to supply the Chinese. This battle is considered one of the first in the Pacific War within World War II.

Support us on Patreon: http://www.patreon.com/KingsandGenerals or Paypal: http://paypal.me/kingsandgenerals. We are grateful to our patrons and sponsors, who made this video possible: https://docs.google.com/document/d/1o…

The video was made by Leif Sick, while the script was developed by Ivan Moran. The video was narrated by Officially Devin (https://www.youtube.com/user/OfficiallyDevin)

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Production Music courtesy of Epidemic Sound: http://www.epidemicsound.com

#Documentary #HongKong #PacificWar

In the wake of l’affaire GameStop, frantic regulators call for more power to intervene in the market

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

“Regulatory capture” is the term for situations where the regulators and the regulated begin to get too close and the regulated industries or organizations begin to indirectly control the actions of the regulator for their own benefit. A topical example would be the sudden, agonized cries of politicians and market regulators for new powers to clamp down on disruptive players like the Redditors or other small investors who triggered the rise in GameStop share prices causing potentially ruinous financial losses for regulated hedge funds.

“GameStop” by JeepersMedia is licensed under CC BY 2.0

Although the story has garnered the attention of regulators and even the White House, the wrong takeaway is to suggest options for retail investors should be restricted more than they already are. Yet this is precisely what William Gavin, Secretary of the Commonwealth of Massachusetts, has called for. Gavin argued that there should be a 30-day trading suspension on GameStop to protect “small and unsophisticated investors.”

Gavin’s suggestion would have serious extended consequences. First, consider the knowledge problem that is involved in constructing such a restrictive regulation. When exactly would a rally become unacceptable? Despite years of decline, Kodak experienced a rally after its announcement that it would move into pharmaceuticals. Would this be permissible? If so, one could simply point to GameStop’s decision to appoint three new directors in an effort to turn the company around. If this is not enough, regulators must clearly state what identified the investments as unacceptable.

It is unclear if there is a perfect benchmark to distinguish rallies. But without such a measure, the suspension proposal would put every rally at risk of wrongful closure — potentially halting the growth of companies and industries, alike. Worse yet, the fear of missing out on a rising stock may push some investors to rush in with less information than they would otherwise acquire. Even if it is in a traditional rally, an uninformed decision could cause more harm than good.

Yet suppose the knowledge problem is solved and there is a perfect measure in place. Should other protections be put in place? One could make the case for a law against allowing “unsophisticated” gamblers from going to Las Vegas and losing money. And although this may seem like a leap, Gavin himself told Reuters, “This isn’t investing, this is gambling,” when he spoke of the GameStop rally.

The rally has attracted the world’s attention, but it does not require it. Rallies are a normal part of financial market activity. The only difference here is that it was Main Street that pulled one over on Wall Street.

Four Cuts – A Wood Turning Basics Lesson

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

wortheffort
Published 28 May 2019

There are only a few main cuts in turning and 3 turning blank orientations. Success comes from understanding the grain’s interaction with an edge/wedge. And since there are only a few handful of tools this is an easy reach for new woodworkers. Grasp this and your enjoyment of the craft and quality of results will all improve.

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Further Reference Material:

Turn Your First Bowl – https://youtu.be/D_P8Fm5-aVs
Woodturning Demystified – https://youtu.be/I60ilWTDss0
Rough’n LIfe – https://youtu.be/xYm8-taV998
$20 Bowl in 20 minutes – https://youtu.be/hwu0R5a1QGc
4 Aspects of Bowl Blanks – https://youtu.be/N8Ds03CG49c
Make and Sell Wood Tops – https://youtu.be/wpjogm7kJdQ
Free Wood – https://youtu.be/nc1SmIlLQh8
Chucks and Jaws – https://youtu.be/qO9xi5xd5NE

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QotD: “Useless things … do not further The Revolution”

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

“Fat acceptance,” slutwalks, and all the rest of it follow naturally from Bolshie beliefs. If you accept — as a good little Dialectical Materialist must — that there’s nothing to human happiness but bread, shoes, and shit, ugliness — physical, moral, mental — becomes a good in itself. How could it be otherwise? Only truly useless things can be beautiful, and useless things, by definition, do not further The Revolution.

Too bad for the Bolshies that it’s in our nature to confuse the messenger with the message. I like to think of myself as an open-minded, tolerant man who takes things as they come, but holy jeeebus, I don’t care what Emma Goldman’s deal is — if she’s for it, I’m against it. I need bleach for my eyes.

We need to use that. It’s no coincidence that Ashley Judd and now Taylor Swift are spouting off about Progtard politics — they used to be cute; now they’re not. See what Social Justice does to you, ladies?

Severian, “The Face You Deserve”, Rotten Chestnuts, 2018-10-11.

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