Quotulatiousness

July 1, 2024

The Anglosphere “imported American racial progressivism, and then commenced to import American-style racial problems. Thanks, America.”

Filed under: Business, Education, History, Media, Politics — Tags: , , , , , — Nicholas @ 04:00

At Postcards From Barsoom, John Carter discusses meritocratic racial quotas in employment and higher education as a “Universally Disagreeable Compromise”:

Graphic for Rhode Island College’s Office of Diversity, Equity and Inclusion.

The race question has been a fault line in American society from its inception. In the aftermath of the hypermigration of the early twenty-first century, it has only become more complicated and divisive, not only in America, but throughout the Anglospheric world. The rest of us imported American racial progressivism, and then commenced to import American-style racial problems. Thanks, America.

The question seems to ultimately revolve around who shall receive the economic spoils. The “equity” that is endlessly referenced by diversity commissars is literally the home equity held by the white middle class, which the diverse and their champions openly intend to expropriate and redistribute.

The most contentious battlegrounds are in academic admissions and corporate hiring, in which the imperative is to minimize the number of White men, and maximize everything that isn’t White men. How the everything else is maximized is of no particular account. A team composed entirely of black men is just as “diverse” as a team which also features Black lesbians, Arab homosexuals, and Thai ladyboys. It is the presence of White men that makes organizations less diverse: a team composed entirely of Black men, with the exception of a solitary White male token, is less diverse than the all-Black team.

For generations now we have suffered under the affirmative action regulations imposed under the banner of Civil Rights. For proponents, Civil Rights are a civic religion, and they guard the advantages won by adherence to their faith jealously. For the victims of affirmative action – which includes both those rejected from employment or university, as well as those subjected to the incompetency of affirmative action admits and hires – affirmative action is a hateful absurdity.

The underlying problem, which to this day only Internet edgelords will openly discuss, is human biodiversity. The various ancestral groups are, in fact, different, in ways that go beyond the merely cosmetic, to include general levels of cognitive aptitude, along with specific behavioural proclivities. To a certain degree this is due to upbringing, but only to a certain degree; upbringing can bring a child as close to his genetic potential as possible, but cannot push him beyond it. The best that nurture can do is to allow nature to flower; it cannot change nature. The natural outcome of this is that, under a purely race-blind, meritocratic dispensation, there will be noticeable and ineradicable differences in the representation of various races within any given profession.

Whether or not one supports a purely meritocratic approach to admissions and hiring then tends to depend a lot on whether one belongs to a group that is likely to do well, or poorly, under such a system. East Asians tend to support a more meritocratic approach, because their high test scores, good study habits, and strong work ethic mean that they will be extremely competitive. Blacks, on the other extreme, are far more skeptical of meritocracy, intuiting that a ruthlessly meritocratic approach would tend to see them pushed out of the professions at the expense [or rather, to the benefit] of Whites, Asians, and Indians.

The current system is practically the worst possible system. The official narrative is built upon the foundational lie that we are all the same under the skin, and that any difference in group-level socioeconomic outcome can only be the result of bigotry, racism, systemic racism, implicit bias, and the historical consequences of slavery or colonialism. This lie has driven our society quite insane, leading in particular to the demonization of Whites – a large fraction of whom buy into the narrative of ethnomasochistic guilt with religious zeal, and another large fraction of whom reject this framing of their racial character as sick and ugly. To a large degree the culture wars are driven by this very division. In the American context, this division maps quite closely to Constitutionalists vs Civil Rights adherents, i.e. it is a holy war between the two dominant civic religions. It is not accidental that this also maps to Republican (i.e. those who wish to preserve the Old Republic built by the Constitution) vs Democrat (i.e. those who wish to complete the transformation of the Republic into something [like] the Our Democracy they’ve been growing in the soil of Civil Rights).

As William M Briggs has pointed out ad nauseum, the prohibition of “disparate impact” and “discrimination” under the Civil Rights regime is an absolute nightmare for corporate America. On the one hand, to discriminate on the basis of race (or any other identity) is plainly illegal; on the other, to not discriminate is invariably to open oneself to charges of discrimination, as the various statistical differences between racial groups work themselves out in aptitude tests, SATs, grade point averages, or job performance. This places employers in the Kafkaesque position of being required to discriminate without being seen to discriminate. They must put their thumbs on the scale to ensure equal outcomes, without being caught doing so.

For Whites especially, this has been a very bad deal. Because no organization will ever be sued for taking on too many officially victimized minorities, there is no upper limit to the number of diversity hires; but if the student body or corporate org chart falls below a given group’s fraction of the population, lawsuits are almost guaranteed. This then produces an inevitable ratchet effect which systematically excludes White people from their own society, with corrosive effects on competence, morale, and confidence in institutions. It doesn’t help that, because we are still officially meritocratic, the leadership classes subject us all to constant gaslighting: we are discriminated against openly by people who brag about discriminating against us while insisting in the same breath that there is no discrimination. It is not surprising that many of us are ready to burn these people at the stake.

June 25, 2024

In all places and at all times, the true minimum wage is zero

Filed under: Business, Economics, Food — Tags: , , , — Nicholas @ 03:00

Tim Worstall explains why fast food restaurants like McDonalds and Burger King are reported to be introducing new low-priced value meals to try and attract and keep more customers in the current economy:

“McDonald’s restaurant, Toledo OH, 1967” by DBduo Photography is licensed under CC BY-SA 2.0 .

It’s terribly unfashionable to say that minimum wage rises have any effects — other than that the minimum wage workers earn more, of course. It’s supposed to be one of those areas where only good things can come from poking a stick in the market. The justification is that the only jobs these folks can get are slinging fries (If that is the case then I’d probably start with education system reform so that grievance studies graduates are skilled enough to do something else but maybe that’s just me), therefore MaccyD’s and the like have a monopoly on employing them (a “monopsony”) and so omniscient and caring politicians and bureaucrats can correct this market error without there being any side effects.

Hmm. Seems unlikely but that is the story.

[…]

The standard economics of a minimum wage rise is — well, was before the progressive smokeblowing about monopsony — that the money’s got to come from somewhere. It could be that profits fall and therefore there’s less investment — even a move away from having invested in — that activity and so employment falls. Or, wages are higher for those fewer people employed and some lose their jobs — also known as rising productivity and also known as fewer jobs. Or, customers get to pay higher prices, fewer now buy the item and so employment falls as the sector shrinks.

Hmm, well, we can get all serious about monopsony but that one doesn’t work to my mind either as even if profits were excessive a fall in them will still lead to less investment in the sector and we’re back at option 1) above. But, many have convinced themselves.

But here we’ve got a general agreement that Americans are eating fast food less. They’re eating at home more. The only thing that’s changed in the varied cost structures is the price of fast food labour. Sorry, the only thing that’s changed in the *relative* cost structures is that labour as the minimum wage is pushed up. Whatever food inflation has been it’s been no better or worse for MaccyD’s than it has been in Albertsons or King Super. It’s also true that US real incomes have been rising so it’s not a general retreat on the part of consumers. The price of fast food relative to home prepared has risen, people are buying less fast food. The only cost pressure causing this is the pushing up of the minimum wage in recent years (for chains, in California, it’s now $20 an hour).

Myself I take that as being proof of the original and base minimum wage argument in standard economics. Trying to recoup that fall in sales is what is leading to these special offers — and don’t forget they’re special, not for all time and so should be considered advertising, not a long term change in price levels.

As a larger lesson I take it to mean that we should be very wary indeed of those claiming that there’s some special little economic trick that makes what they want to do anyway such a good idea. Why, yes, that does include any special little tricks I might want to claim. But many really did convince themselves that fast food wages were different, that pushing them up would have only good, not ill, effects.

Seems it ain’t so.

Over the weekend, there were a few stories about a small fancy coffee chain whose employees had successfully unionized to get better wages, only for the owners to shut down all three stores because even before the workers unionized, they were losing money on the business. Rather than the higher wages the employees were expecting (while keeping their unusually generous benefits for such entry-level jobs), all their jobs were lost and nobody won. Small businesses like restaurants operate on a far smaller profit margin than most people believe … according to Statistics Canada, the average restaurant of all types made a 4.3% profit in 2022.

June 24, 2024

Raise a glass of your favourite microbrew to … Jimmy Carter?

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

Glenn “The Instapundit” Reynolds visits a local brewing festival in Knoxville and remembers what it was like before — of all people — Jimmy Carter began the process of deregulating the beer industry by legalizing homebrewed beer in 1978:

The Instapundit models his Hamm’s Beer Hawaiian shirt at a recent Knoxville beer festival.

This weekend I want to the Knox Brewfest at the Knoxville World’s Fair Grounds. As the name suggests, it was a collection of most of the local micro-breweries, each with a booth offering samples. (There were also a few bigger operations, like Sierra Nevada, Abita, and Paulaner). I wore my Hamm’s Beer Hawaiian shirt, which was a surprisingly big hit.

And there were some lessons, about which more later.

Hamm’s doesn’t really exist anymore except as a sometimes-produced minor product of Coors, which bought the trademark after it passed through the hands of numerous other companies. But it’s not forgotten!

The beer was good and the crowd was cheerful.

Mostly me, and my friend Jim (who I’ve known since junior high) were reflecting on the vast improvement in the world of beer in America, and particularly in Knoxville. As late as, oh, 1990 or so, you could go into almost any bar in Knoxville and if you asked what kind of beer they had you’d get an answer like this: “We’ve got everything! Bud, Bud Light, Miller, Miller Light, Coors, Coors Light – anything you want!”

It’s easy to take the craft-brewing revolution for granted, but it brought about huge changes and for the better. Nowadays, the beer scene in America tends to be better than that in Europe. No, really. In fact, one of my former research assistants, who practices law in Belgium now, brought over a couple of Belgian friends who wanted to see Tennessee. I met them for lunch at Barley’s in the Old City, to hear a bluegrass show and eat pizza and drink beer. They were very impressed with the fifty or so taps that Barley’s offers.

Back home they said, the bars are usually owned by the breweries and only sell their own brews, so you might have only three or four varieties, all from the same label. Nothing like this.

[…]

This deregulatory story started (like airlines and trucking deregulation) with Jimmy Carter of all people. Despite his (often true) reputation as a bossy micro-manager, he was an engineer and a rationalist. That worked out poorly in foreign policy, but led him to undo a number of irrational regulatory structures, one of which was the limit on home beer production. Carter signed a bill legalizing homebrewing in 1978, and those homebrewers were the nucleus of the craft beer movement a decade or so later.

June 23, 2024

The Original Chef Boyardee Spaghetti Dinner

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

Tasting History with Max Miller
Published 13 Mar 2024

Absolutely fantastic tomato and meat sauce served over spaghetti tossed with butter and parmesan

City/Region: Cleveland, Ohio
Time Period: 1930s

Chef Boyardee was not born in Cleveland (sorry, 30 Rock), but in Borganovo, just outside of Piacenza in Italy. And his name was not Hector Boyardee, but Ettore Boiardi (boy-AR-dee). He opened an Italian restaurant in Cleveland in 1924, where the food was so popular that he frequently sent patrons home with bottles of his spaghetti sauce.

We can’t know exactly what that original sauce was, but this is from a family recipe and is probably pretty close. And it’s phenomenal. It’s fairly simple, but so good. You get a lot of the fresh basil, and the creaminess from mixing the butter and parmesan directly with the pasta is delicious. I don’t often make dishes from the show again, but I can see myself making this any day of the week.
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June 20, 2024

The “Idiot Nephew Theory” of show business management

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

Ted Gioia recalls his hopes of getting into the entertainment industry after graduation:

The story of how I became a strategy consultant is shameful.

I was a student at Stanford’s Graduate School of Business, and needed a job after graduation. I wanted to work in the music or entertainment industries — but I soon learned this was an impossible dream.

They didn’t want me. And they didn’t want my classmates either.

Hundreds of companies came to our business school to recruit talent, and they included most of the leading US corporations. So I talked with everybody — Coca Cola, Morgan Stanley, Atari, Procter & Gamble, you name it.

But no record label or movie studio ever showed up. They didn’t even send job listings.

Can you guess why?

I asked around on campus and was told the following (off the record):

    Come on, Ted. You will never see the entertainment business recruit here. Those folks are not looking for business talent.

    They give the choice jobs to their family members — the idiot nephew gets hired, not an MBA. Even better if it’s an idiot son.

    And if there are other openings? Well … You’ve heard about the casting couch, haven’t you? Let me give you a hint — that couch isn’t just for auditioning the cast.

    But you wouldn’t want a job there even if they gave you one. When time comes for a promotion, the drooling idiot nephew moves up — not you.

I’ve never shared that story before — because I know how people inside the music business hate hearing it.

And maybe it’s not a fair story.

All I can say is that I found this advice very helpful. I stopped planning on a career in the music business. And I also developed a very useful theory to explain why record labels are so bad at making strategic decisions.

I call it the “Idiot Nephew Theory”:

    THE IDIOT NEPHEW THEORY: Whenever a record label makes a strategic decision, it picks the option that the boss’s idiot nephew thinks is best.

And what does the idiot nephew decide? That’s easy — they always do whatever the company lawyer recommends.

Maybe this theory is wrong. All I can say is that it helps me predict events in the entertainment industry with a surprising degree of accuracy.

I always operate on the assumption that there’s no business strategy in the music or movie business — only legal maneuvering.

Years later, when the music business got totally reamed by tech companies — a phase we’re still living through, by the way — I wasn’t surprised in the least. The record labels respond to every new music technology by litigating, but whenever they encounter a company with more legal clout than them (Apple or Google/YouTube, for example), they simply gave up.

In the future, you can test this theory yourself. You will see that it possesses great explanatory power.

“Surely the only way to defeat racism and homophobia is to treat ethnic and sexual minorities as incapable of high achievement and in need of a leg up from their betters?”

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

Andrew Doyle on a radical new approach to hiring that might just catch on:

With the inexorable spread of DEI – Diversity, Equity and Inclusion – across the western world, it’s refreshing to see at least one major company resist the decrees of this new religion. This is precisely what happened this week when Scale, an Artificial Intelligence company based in San Francisco, launched a new policy to ensure that its employees were hired on the basis of – wait for it – being the most talented and best qualified for the job.

This innovation, which sees race, gender and sexuality as irrelevant when it comes to hiring practices, should hardly be considered revolutionary. And yet in a world in which the content of one’s character is less important than the colour of one’s skin, to treat everyone equally irrespective of these immutable characteristics is suddenly deemed radical.

Scale’s CEO, Alexandr Wang, explained that rather than adopt DEI policies, the company would henceforth favour MEI, which stands for Merit, Excellence, and Intelligence. He explained the thinking behind the new scheme in a post on X.

    There is a mistaken belief that meritocracy somehow conflicts with diversity. I strongly disagree. No group has a monopoly on excellence. A hiring process based on merit will naturally yield a variety of backgrounds, perspectives, and ideas. Achieving this requires casting a wide net for talent and then objectively selecting the best, without bias in any direction. We will not pick winners and losers based on someone being the “right” or “wrong” race, gender, and so on. It should be needless to say, and yet it needs saying: doing so would be racist and sexist, not to mention illegal. Upholding meritocracy is good for business and is the right thing to do.

One can already hear the likes of Robin DiAngelo and Alexandria Ocasio-Cortez screaming in fury at this blatant implementation of good old-fashioned liberal values. Surely the only way to defeat racism and homophobia is to treat ethnic and sexual minorities as incapable of high achievement and in need of a leg up from their betters?

It is instructive to compare reactions from the Twittersphere (now X) and Instagram, as one X user has done. If nothing else, the comparison reveals how the divide in the culture war is playing out on social media since Elon Musk’s takeover. On X, major figures in the corporate world such as Tobias Lütke (CEO of Shopify), Palmer Luckey (founder of Oculus VR) and Musk himself have congratulated Wang on his new initiative.

By contrast, here are some of the responses on Instagram:

    You’re ‘disrupting’ current hard-fought standards you don’t like, by reverting to a system rooted in bias and inequality that asks less of you as a hiring manager and as a leader
    – Dan Couch (He/Him)

    Curious to see how hiring processes can effectively (and objectively) measure one’s ‘merit’, ‘excellence’, and ‘intelligence’, all of which are very subjective terms
    – Cole Gawin (He/Him)

    What is merit and how do we measure it?
    – Rio Cruz Morales (They/Them)

    This sounds a lot like excuse making for casting off DEI principles
    – R.C. Rondero De Mosier (He/Him)

The pronouns, of course, signify membership of the cult, and so we should not be surprised to see the sentiments of its minions mirroring each other so closely. What Wang is proposing of course builds equality into the hiring system and, contrary to these complaints, it is entirely possible to measure merit objectively. This, after all, is the entire point of academic assessment. The arguments against merit can only be sustained if one presupposes that systemic inequalities are ingrained within society, that all of these relate to the concept of group identity, and that adjustments have to be made accordingly to guarantee equality of outcome.

June 17, 2024

Farm Camp for city slickers

Filed under: Business, Education, Food, USA — Tags: , , , — Nicholas @ 04:00

In The Free Press, Larissa Phillips explains the kind of things city children (and their parents) learn when they stay at her family’s small farm for a week or a weekend:

Here are some things I have taught the kids who visit my farm: animals don’t care about your feelings, and sometimes we kill them to eat them. It doesn’t matter how desperately you want to find more eggs, the hens don’t lay on demand. Tomatoes aren’t ripe in June. The stalls aren’t going to clean themselves. Cuts, scrapes, and stings aren’t really a big deal. And there will always be poop.

I’m often struck by what city kids don’t know when they turn up at the education program I run for families on our 15-acre hobby farm — Honey Hollow Farm — in the Upper Hudson Valley. As a longtime urbanite, I get it. I lived in Brooklyn for 15 years before my husband and I moved upstate in 2010 with our two young children and one goal: start a farm. We kept horses and ponies for fun and raised poultry and sheep — and sometimes pigs — for food.

It was hard. Slaughtering animals we’d raised since they were babies was wrenching. Breeding and birthing those babies was dicey, too. But these experiences toughened us up. Working with animals and the land and the seasons was grounding — and the best antidote to anxiety I’d ever found. And most of it was fun.

I wanted to share this outlook with other families, even if it was just for a weekend. So at the start of the pandemic, I opened our guest cottage — and set up an informal curriculum to teach escaping urbanites what I’d learned.

I called it farm camp.

We host one family at a time, all through the year, in a renovated barn apartment overlooking the pony pasture. Most come for a week, some for a weekend. Every morning I’ll take a handful of kids, sometimes as young as three, through a two-hour, hands-on class on animal care, life, death, poop. All of them have to do some real farmwork.

There is a lot to learn. I don’t expect a child to know how long it takes for a chick to hatch, or why the roosters are always jumping on top of the hens. But I am often surprised by some of the straightforward things they don’t know how to do. Like how to pull a wagon around a corner, hold a shovel, climb over a gate, make a braid, or tie a knot.

Don’t get me wrong — I love offering explicit instructions on the most mundane tasks, then standing back and cheering when a kid does it independently. But two generations ago, these skills would have been common knowledge. For most of human history, the proportion of the world’s population living in cities was below 5 percent. It’s at 56 percent now. By the time today’s toddlers reach adulthood, it is expected that 80 percent of humans will live in urban areas.

Overprotected as they are, a lot of city kids are missing out on so many important encounters with material reality: with death or danger or manual labor. These encounters can be unpleasant, even painful. It’s understandable that we want to save our children from them. But they lose something essential when we do.

Most urbanites have a very sanitized — in fact, Disneyfied — view of rural life and especially life on a farm. It can be traumatic to discover that all the animals aren’t like you saw in the cutesy cartoons as a preschooler …

June 15, 2024

W.H.O. the hell do they think they are?

Filed under: Britain, Bureaucracy, Business, Health, Politics — Tags: , , , , , — Nicholas @ 04:00

Christopher Snowden on what he calls a “new low” for the World Health Organization (WHO) in a report issued earlier this week that sounds like Karl Marx was one of the writers:

The WHO European Region published a new report today, written mostly by British ‘public health’ academics. It is quite revealing. For example …

    This requires, at a minimum, that governments recognize that the primary interest of all major corporations is profit and, hence, regardless of the product they sell, their interests do not align with either public health or the broader public interest. Any policy that could impact their sales and profits is therefore a threat, and they should play no role in the development of that policy. Similarly, governments must also recognize the now overwhelming evidence (see also chapters 4, 6 and 7) that HHIs [“health-harming industries”] engage in the same political and scientific practices as tobacco companies and that voluntary or multistakeholder partnership approaches do not work where conflicts of interest exist. Instead, they must regulate other HHIs [“health-harming industries”], their products and practices, as they do tobacco.

That’s just one paragraph, but there’s a lot it in.

Firstly, they are clearly not just opposed to “health-harming industries” but to private industry and the free market in general.

Secondly, they want to exclude all industries from the policy-making process, as already happens with the tobacco industry.

Thirdly, they want to regulate all “health-harming industries” in the same way as they regulate tobacco. These industries include alcohol, food and fossil fuels, but the report also mentions pharmaceuticals, infant formula, gambling, firearms, healthcare (!) and sugary drinks. As the quote above makes clear, they think that all private industry damages health in some way.

This is all there in black and white and there is much more of the same in the report. This is not scaremongering or the slippery slope fallacy. It is in an official WHO document.

When people show you who they are, believe them.

I have written about this for The Critic …

    If this sounds to you like Bolshie talk, you might be onto something. It is further confirmation that the modern “public health” movement is an arm of the hard left presented as an arm of medicine. It would be tempting to tell the authors to stay in their lane, but anti-capitalist nanny statism is their lane. For over a decade, such academics, mostly from Britain and Australia, have been pumping out studies about the “commercial determinants of health” and the “corporate political activity” of “unhealthy commodity industries”. The new WHO report is a sort of greatest hits collection. Last year they published a whole series of articles in the Lancet in which they claimed that there is “growing evidence that neoliberalism has been damaging to health” and called for “a normative shift away from harmful consumptogenic systems”.

    Half-baked Marxist rhetoric has been rife in the social sciences for decades, but these people have a vaguely coherent point to make and are pursuing a serious, if terrifying, agenda. Since they do not believe in human agency, they assume that people only make “unhealthy choices”, such as eating processed ham, because the system that controls them has been rigged by big corporations. They say in today’s report that “consumers do not have capacity (time or resources) to make the ‘right’ choice”. Fortunately, public health academics know what the right choice is and could impose it on a grateful population if it were not for the pesky free market. Hence their rage against capitalism, which extends to suspicion of intellectual property, international trade, share buybacks, impact assessments (because they allow businesses to engage with policy-makers) and even the EU single market.

Further to what I say in the article, I’d add that it is to the UK’s shame that so many of the authors of this report are British. They include quackademics that I have been making fun of for years, such as Anna Gilmore, Mark Petticrew and May van Schalkwyk. Between them, they constitute a small clique of talentless, fanatics and/or grifting social scientists who have constructed a world of unreality for themselves by publishing endless low quality journal articles which they and their colleagues then reference and self-reference. It is profoundly depressing that they are now dangling the corpse of the WHO — which was once a great institution — on pieces of string.

June 12, 2024

QotD: Wall Street

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

Wall Street is a street with a river at one end and a graveyard at the other. This is striking, but incomplete. It omits the kindergarten in the middle.

Fred Schwed Jr., Where Are the Customers’ Yachts?, 1940.

June 7, 2024

QotD: Wine labels

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

One cannot fail to notice the contemporary marketing of wines by means of fun-and-funky labels, with their fractal curves, tropical fruit juice colors, and animals designed to appeal to the inner child, that cretinous monster who lurks inside us all. There is an undeniable increase in animals, for example, on wine labels, a trend which is bound to grow. All one can do to protest this development is to point out that the quality of a wine is probably in inverse proportion to the ferocity of the animal on its label. Beware, therefore, of labels with eagles, tigers, or bears (though I have not yet seen sharks, leopard seals, or velociraptors, it is only a matter of time).

Lawrence Osborne, The Accidental Connoisseur: An Irreverent Journey Through the Wine World, 2004.

June 4, 2024

How Wall Street billionaires are reacting to the verdict against Trump

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

Under normal circumstances, you might think that Trump would find doors closed to him among the big-money folks on Wall Street after his trial ended with 34 guilty verdicts … yet the opposite is reported to be happening and his campaign is being inundated with big financial donations:

My quite strong suspicion is that Leticia James and Alvin Bragg have caused alarm by targeting business records and real estate valuations in corporate borrowing, things that everyone shares in finance, insurance, and real estate, for criminalization and destructive litigation. My bet is that capital is turning hard against lawfare, seeking to disincentivize and punish an attack on the basics of corporate business. People in business are horrified by a flamethrower of a prosecution over old business records.

So Bloomberg’s interpretation is that Wall Street is standing with Trump despite the verdict, but my bet is that Wall Street, Silicon Valley, and other business interests are turning against Democrats because of the verdict — because Democratic prosecutors in New York (and especially Manhattan), America’s financial capital, are doing things like turning seven year-old business record misdemeanors into a long list of Frankenstein felonies.

That interpretation makes capital’s support for Trump self-interested rather than morally outraged, though not over Bloomberg’s explanation of lower taxes, as people who keep business records turn against the party that bizarrely overcriminalizes the handling of business records when the target becomes politically unfashionable. If capital turns against the Democratic Party — if the ATM machine stops spitting out campaign funding — the moment becomes pretty significant, and Alvin Bragg becomes the dog who caught the car.

June 2, 2024

THIS is how Plastic Model Kits are MADE! I spent a day at the UK Airfix Factory!

Filed under: Britain, Business, China, Technology — Tags: , — Nicholas @ 02:00

Model Minutes
Published Nov 26, 2022

In November 2022 a press day was held at the UK factory which manufactures quickbuild and the NEW Supermarine Spitfire Mk.IXc in 1/24 scale from @OfficialAirfix. During the visit we were given presentations from Luke (researcher) and Chris (designer) on the various elements that go into creating the designs of the tooling.

Join me in this video where I take a look at how plastic model kits are actually manufactured, focusing on the physical creation of the kits through injection moulding and quality control at the Plastech factory in Newhaven.

I’d like to extend my thanks to Airfix and Plastech for putting on this event.

Chapters:
00:00 Intro
00:48 Research & Design
01:36 Plastech Background
02:47 Tooling Prep
03:21 Injection Moulding
06:38 Quality Control
11:31 Boxes & Packaging
13:21 Packing a kit!
16:04 Conclusion
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May 31, 2024

The best that can be said about VIA Rail is that its financials aren’t as dire as Canada Post

Filed under: Business, Cancon, Government, Media, Railways — Tags: , , , — Nicholas @ 03:00

Chris Selley outlines the financial black holes that are the two Crown Corporations — Canada Post and VIA Rail Canada:

VIA Rail 918, a General Electric model P42DC locomotive, at Belleville, Ontario on 23 December 2008.
Photo by Martin Cathrae via Wikimedia Commons.

If you’re unfamiliar with Via’s financials, I’ll advise you to sit down now.

In 2023, the average passenger on The Canadian line [Toronto/Montreal to Vancouver] was subsidized by the taxpayer to the tune of $1,014.77. Revenues on the route were less than half of expenses. And your average Canadian can’t even hope to ride the bastard thing: A bunk bed for the 34 hours and 35 minutes it takes to get from Toronto to Winnipeg still goes for the bargain price of $895.

It’s a cruise ship. Not only are we lavishly subsidizing a cruise ship, but we own the cruise line, and we’re buying it new ships. It’s absolutely bananas. And among those applauding the expenditure is, somehow, the NDP’s transport critic Taylor Bachrach. Where’s simplistic populism when you need it? No money for cruise ships!

Meanwhile, media are being far too indulgent of Via’s alarming and increasing vagueness as to whether it’s committed to “high-frequency rail” on the Toronto-to-Quebec City corridor, or to “high-speed rail”, or to some combination of both. This could not be a bigger or brighter red flag: Beware of Oncoming Boondoggle.

Committing billions of dollars to a new rail corridor between Toronto and Quebec City without a firm idea as to whether it’s “high-frequency” or “high-speed” is a bit like committing billions to a new housing development without knowing whether it’s bungalows or high-rise condos. A train going 300 kilometres per hour, or more (i.e., high-speed rail) needs vastly more protection (fences, eliminating level crossings) than a train going 200 kilometres per hour. It’s not a minor detail or something to be worked out later.

And it’s painfully obvious why Via’s executives are sowing the confusion: Because the high-frequency rail plan that they actually have simply isn’t that compelling. It may offer no time savings at all between Montreal and Toronto — and anyone who tries to tell you a five-hour trip between Montreal and Toronto is a compelling option for business people is either a deluded railfan or works for Via.

“Canada charts path for high-speed trains, but obstacles loom,” a recent Globe and Mail headline declared, completely incorrectly. But casual news consumers can absolutely be forgiven for thinking Via’s working on a Toronto-to-Quebec City version of France’s TGV. Should the high-frequency rail plan ever get built, I can only imagine the kvetching and disappointment that would follow.

May 29, 2024

Ontario’s long and winding (and subsidy-strewn) road to beer in convenience stores

Filed under: Business, Cancon, Government, Wine — Tags: , , , , , , , — Nicholas @ 03:00

Apparently I’ll have a little bit more to celebrate on my birthday this year as the Ontario government’s glacially slow-to-change alcohol sales rules are being liberalized as of September 5th to allow all the province’s convenience stores to begin selling beer and wine:

“The Beer Store” by Like_the_Grand_Canyon is licensed under CC BY-NC 2.0

Premier Doug Ford promised Ontarians beer in corner stores, supermarkets and big-box stores, and by God he has delivered. As of Sept. 5, all Ontario convenience stores meeting eligibility criteria will be allowed to sell beer, wine, cider and pre-mixed drinks. As of Oct. 31, the privilege will be extended to all grocery and big-box stores. The province says it expects as many as 8,500 new booze-procurement sites to come online under the new regime. By Ontario standards, it’s absolutely revolutionary.

The new regime is also, of course, hilariously complicated. And absurdly, offensively expensive.

It is fair to describe the new regime as somewhat more competitive, and certainly more convenient. In addition to offering potentially thousands of new locations, supermarkets (including the roughly 450 already licensed) will be able to offer volume discounts on beer — i.e., a 24-pack will cost less per bottle than a six-pack. This was a privilege hitherto reserved for The Beer Store, the American-, Belgian- and Japanese-owned conglomerate that dominated beer sales in Ontario from the end of Prohibition until fairly recently.

Private retailers will even be able to set their own prices, which until now has been considered blasphemy.

It is not fair to describe the new regime, as the government does, as an “open” market.

Near as I can tell, Ontario will by 2026 have the following retail environments in place:

  • The Beer Store. Smelly, surly, and the best-available value. Only beer — no cider or mixed drinks. It’s in the name.
  • LCBO locations. Government-run liquor stores retain their near-absolute monopoly on hard liquor sales, in addition to selling beer (especially craft beer, in which The Beer Store’s owners aren’t so interested), wine and everything else.
  • LCBO- and/or The Beer Store-branded “agency stores” in rural areas, which sell everything the LCBO does, but operate inside of convenience stores, small supermarkets and other local businesses, and are staffed by non-government employees.
  • The existing supermarkets licensed to sell beer, cider and wine (and in rare cases all three!), plus scores of new outlets — the new 8,500 new locations.

The Beer Store maintains a monopoly (in urban areas) on wholesale for bars and restaurants and on refunding cans and bottles, although its new “master framework agreement” (MFA) doesn’t even oblige it to maintain its current number of locations — which in urban areas have been dwindling rapidly. I’m a 17-minute walk from my nearest Beer Store. The house I grew up in, in the heart of midtown Toronto, is a 45-minute walk. I’m not schlepping a leaky garbage bag full of empty cans either distance.

QotD: Wine

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

“I don’t mean to sound cynical,” [Antonio Terni] said as he tipped the Conero sideways for a moment and eyed the tint. “But I do hate all this pseudo-intellectual mental masturbation about wine. I make two wines: one for Americans and one for myself. They’re both fine.”

Lawrence Osborne, The Accidental Connoisseur, 2004.

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