Quotulatiousness

July 17, 2021

QotD: “Magic” bullets

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

As I write this, another wave of ballistic hyperbole is sweeping across the Internet. There’s a new bullet out! It sets the paradigm on its ear! Gun owners are drooling for this, the last bullet you’ll ever need! Blah, blah, blah, yakkity-shmakkity.

Stick around long enough and you’ll notice this phenomenon happen every few years. You’re sitting there, minding your own business, and the next thing you know, friends from work or church or the book club who know you as “The Gun Expert” are coming up to you and asking about this bullet that’s being hyped in the mainstream media as either the surest felon-stopper since Wyatt Earp or the biggest menace to society since John Dillinger.

It’s rare for something as esoteric as a projectile design to come to the attention of the non-gun press. Generally, for that to happen, it takes one of two things: either a mainstream manufacturer made an unusually poor PR choice in the bullet naming *cough*BlackTalon*cough*, or someone has launched a buzzword-laden press release with all the discrimination of a desert island dweller putting notes in bottles.

[…]

When a new Magic Bullet is launched and makes media waves, I always apply two filters as to whether it’s worth chasing down. The first filter is “Are the police using this?” This is not necessarily because I think that the police are all-that-and-a bag-of-chips in the gear-selection department, but they’ve generally been okay with bullets for the last 15 or 20 years and, should I ever have to justify my choice of rounds in a courtroom, it would be nice to be able to say “You, alright! I learned it by watching you!” like the kid in the commercial.

The second filter? The second filter is “Is this cartridge sold in six-round blister packs with pictures of explosions and rappelling ninjas on them?” Because if it is, well, I’m just not Operator enough.

Tamara Keel, “No Magic Bullet”, GunsAmerica Digest, 2018-11-27.

July 10, 2021

Public libraries or public menaces?

Filed under: Books, Business, Cancon, Economics, Media, USA — Tags: , — Nicholas @ 03:00

In the latest edition of SHuSH, Kenneth Whyte finds a kindred-ish soul in his concerns about the influence public libraries have had in the last fifty years:

“Toronto Public Library” by Jim of JimOnLight is licensed under CC BY-NC-ND 2.0

It’s not easy being a crank, isolated from one’s fellow man by unpopular convictions, burdened by the certain knowledge of truths society can’t bring itself to admit.

The loneliness of crankdom can be insupportable. So I was overjoyed this month to run across an excellent book by Ed D’Angelo: Barbarians at the Gates of the Public Library: How Postmodern Consumer Capitalism Threatens Democracy, Civil Education, and the Public Good.

D’Angelo, a Ph.D. in philosophy with a master’s of library and information sciences, was supervising librarian at the Brooklyn Public Library for more than twenty years. His politics are not altogether mine (he leans Marxist), and his prose is not what you’d call smooth, but we are in total agreement that public libraries went off the rails sometime in the 1960s and now menace much that is good in life.

If you’re new to this space, you might have missed me mentioning here and there that increasingly aggressive lending practices by public libraries are undermining the entire bookselling ecosystem; that three times as many books are borrowed as bought in the US on an annual basis (four times as many in Canada); that libraries are putting booksellers out of business by advertising how much people can save by borrowing rather than buying books; that most library borrowing is done by people who can afford to pay for books, and who are reading for entertainment, not edification; and that all of this free-and-for-pleasure borrowing is a major reason author incomes are at record lows.

[…]

An honest scholar, Ed notes that there were cracks in this foundation before the 1960s. Back at the turn of the twentieth century, none other than Melvil Dewey, inventor of the Dewey Decimal System and founding member of the American Library Association, dissented from the notion that librarians should instill their values in patrons by directing their reading. He wanted a more mechanical, frictionless distribution of books, and encouraged the hiring of women as librarians on the assumption that they would be less inclined to impose their standards on others.

(Melvil […] was a devil, according to his biographer Wayne Wiegand. He subjected female subordinates to unwanted touching and kissing, and was rumored to have asked them to put their bust sizes on application forms. Forced out of the ALA for sexual harassment, Dewey further distinguished himself as racist and anti-semite. Yet his name was attached to the ALA’s highest honor until 2019.)

Ed also notes that there were stocks of popular (i.e., unedifying) literature in most public libraries even in the early years, but these were intended as the first rung on a ladder of development that “ascended toward the classics of western civilization.”

Starting in the 1960s, writes Ed, that the distribution of popular literature became an end in itself for the public library. Librarians lost confidence or interest in their mission of encouraging enlightened citizenship. They abandoned their role as gatekeepers. It was suddenly square to impose standards or tastes on patrons.

June 24, 2021

The Founder | Based on a True Story

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

The Cynical Historian
Published 27 Jul 2017

This one is a contender for best historical film of 2016. The Founder is an amazing movie about the beginning of the McDonald’s food chain. Seriously, more films should take cues from this.
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references:
http://www.historyvshollywood.com/ree…​

http://time.com/money/4602541/the-fou…​

http://content.time.com/time/magazine…​

https://www.bustle.com/p/how-accurate…​

https://www.washingtonpost.com/entert…​

https://www.theatlantic.com/entertain…​

https://www.nytimes.com/2016/05/20/bu…​

http://www.abc.net.au/news/2016-11-24…

http://www.cbsnews.com/news/the-real-…

https://en.wikipedia.org/wiki/Ray_Kroc​
https://en.wikipedia.org/wiki/Richard…​
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contribute to my Patreon:
https://www.patreon.com/CynicalHistorian

LET’S CONNECT:
https://twitter.com/Cynical_History
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Wiki:
The Founder is a 2016 American biographical drama film directed by John Lee Hancock and written by Robert Siegel. The film stars Michael Keaton as businessman Ray Kroc, and portrays the story of his creation of the McDonald’s fast food chain. Nick Offerman and John Carroll Lynch co-star as McDonald’s founders Richard and Maurice McDonald.

The film premiered at Arclight Hollywood on December 7, 2016 and was released in the United States on January 20, 2017, by The Weinstein Company. It grossed $23 million worldwide and received generally positive reviews from critics, with praise for Keaton’s performance.
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Hashtags: #History​ #TheFounder​ #McDonalds​ #Review​ #BasedOnATrueStory​ #RayKroc

June 12, 2021

Literate people who “never read books”

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

I recently added Kenneth Whyte’s SHuSH to my growing list of Substack blogs, and his latest entry considers people who can read but choose not to … and boast about it:

… I ran across a tweet by Neil Patel, a self-made marketing guru, explaining or, rather, bragging about how he doesn’t read books:

    The only books I read are kids’ books and that’s to my daughter. People talk about reading books. You know what? I wrote a book and I was even a New York Times best-selling author, but here’s the thing: most books that you see in a book store, they’re written a year to two years before they were actually published and they go through this really long process. A lot of the times you’re reading outdated information. Even if the book has theories and strategies that aren’t outdated, heck, you can just go on YouTube and find that info in a five-minute clip. Why would you want to read 300 pages when you can just figure it out in five minutes. So I don’t spend my time reading books. Instead, I spend three hours a day reading blogs, Instagram, YouTube and all the other places where I can consume information faster, and you should, too.

It turns out Patel’s tweet was too dumb even for Twitter. Within hours, it had 87 retweets against 1,836 quoted retweets and 764 replies, indicating an extremely high ratio of people blasting him to people sharing his pensées.

Washington Post book critic Carlos Lozada had some of the best mockery: “Also do you realize that when you go in a bookstore, some of the books are so old that the authors are dead? How can you learn anything from a dead person? They can’t even tweet.”

I’ve found over the last few years that I’m spending less time reading books, although I still treasure my quiet reading time in the late evening. My tastes have changed a lot over the years, and I read almost no fiction works at all except for a few “unwoke” science fiction authors, and aside from books on hand tool woodworking almost everything else is history — and not much recently published history (for the same reason I avoid most modern SF novels … they’re far too woke for boring old fuddy duddy readers like me).

You’ve probably seen those internet ads that claim the average CEO reads a book a week. That’s bullshit marketed by Blinkist to flog fifteen-minute book summaries. There is no data to support it. The average American reads twelve books a year, and high-earners read fifteen, which is probably the best-case scenario for the average CEO.

Sure, Bill Gates and Mark Zuckerberg and Warren Buffett read a lot of books. I’ve run across a few lesser mortals in big offices who were enthusiastic readers. I was even part of a Bay Street book club for several years (I loved it). But most businessmen, in my experience, read very little, or not at all. Trump, who also had his name on a bestseller but never reads books, is far closer to the norm than Gates.

I was once at a dinner retreat with a dozen executives, all of whom had good university educations and generous salaries. They’d been asked by a moderator to come to the dinner with an example of something they’d read, a book or a poem or an essay that really spoke to them. Only three of the twelve mentioned books (and each mentioned a business book). Several mentioned newspaper or magazine articles they’d read. The rest relied on song lyrics, with two citing the same line from “Hotel California” as a commentary on their careers: “You can check out any time you like, but you can never leave.” None of us knew whether to laugh or cry.

Another thing I learned at that retreat, which struck me as related, was that all of the executives complained of having no time to think about the big picture: they were so busy doing their work that they seldom stopped to consider if there wasn’t a better way to do it, or if it was worth doing at all. They complained at this lack of perspective, but all were senior enough to be able to delegate day-to-day chores to others, leaving themselves time to think. I don’t believe they wanted to.

June 9, 2021

Bill C-10 – “… what occurred yesterday was far worse than a blunder. It was a betrayal.”

In another country it might be a fascinating and amusing thing to watch Steven Guilbeault faff about pretending to understand what his own bill says and how it will cause havoc for ordinary Canadians, but being in Canada the humour is lacking as Michael Geist shows:

Canadian Heritage Minister Steven Guilbeault, 3 February 2020.
Screencapure from CPAC video.

Several weeks after Canadian Heritage Minister Steven Guilbeault introduced Bill C-10, I started a 20 part blog post series called the Broadcasting Act Blunder (podcast edition here). The series examined many of concerns with the bill, including issues such as over-broad regulation and discoverability requirements that would only garner public attention many months later. I thought about that series yesterday as I watched Guilbeault try in the House of Commons to defend the indefensible: a gag order on committee review of the bill, the first such order in two decades. While the bill is in dire need of fixing, what occurred yesterday was far worse than a blunder. It was a betrayal. A betrayal of the government’s commitment to “strengthen Parliamentary committees so that they can better scrutinize legislation.” A betrayal of the promise to do things differently from previous governments. A betrayal of Canada’s values as a Parliamentary democracy.

The 23 minute and 30 second question and comment period – the House Speaker ruled there could be no debate and that the period could not extend beyond 23 minutes and 30 seconds – notably featured NDP MP Peter Julian and Green MP Elizabeth May, two of the longer serving MPs in the House as among the first to speak. Julian was first elected in 2004, when Guilbeault was only a few years removed from activist stunts such as climbing the CN Tower. Meanwhile, May became the founding Executive Director of the Sierra Club in 1989, the same year Guilbeault started as a university student. It seemed to me that both had a message for an inexperienced cabinet minister elected less than two years ago, namely that some things are bigger than single bill. Bills come and go, but principles – or betrayal of those principles – endures.

Guilbeault clearly did not get it, wondering how the NDP could possibly reject the gag order and effectively support potential delays to his bill. Both the NDP and the Greens may ultimately vote for Bill C-10, but both understand that defending democracy and the freedom of expression of MPs (much less the freedom of expression of all Canadians) is far more important than a delay to any single bill. As May noted, the gag order will do real long term damage. One day it will be a different government on a different issue seeking to use the same procedure to cut short committee study. And the Liberals will have no credible response with no one to blame but themselves.

But we don’t need to look far into the future to see the consequences of the Guilbeault gag order. This past weekend, the Canadian government joined with other countries to criticize the Nigerian government for blocking Twitter and establishing registration requirements for social media. Yet calls for respecting freedom of expression rings hollow when you are shutting down Parliamentary debate on a bill with profound implications for freedom of expression. Indeed, Canada’s lost moral authority on Internet freedoms is an undeniable consequence of Bill C-10 and the Guilbeault gag order.

May 29, 2021

QotD: Academia and capitalism

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

It is pretty well-established that the American academic community is disproportionately of the Left, and in fact tilts pretty strongly in many cases to the far Left / progressive side. People debate a lot about why this should be, but I think one contributing factor (but certainly not the only one) that I have never heard anyone discuss is the zero-sum game these academics must play in their own careers. I think that many of them incorrectly assume that all professions, and all of the economy and capitalism, is dominated by this same dog-eat-dog zero sum-game — remember, for most, academia is the only industry they have ever experienced from the inside. And once you assume that the whole economy is zero-sum, it is small step from there to overly-narrow focus on distribution of wealth and income.

One of the mistakes folks on the Left make about capitalism is to describe capitalism as mostly about competition. In fact, capitalism is mostly about cooperation, it’s a self-organizing process where people who don’t even know each other cooperate to deliver products and services, facilitated by markets and the magic of prices. Sure, competition exists but it is not the fundamental feature, but an enabler that makes sure the cooperation occurs as efficiently as possible. Capitalism in fact is about zillions of voluntary trades and transactions every day that each make both parties better off — or else both sides would not have agreed to it. Capitalism in fact is a giant positive sum game, a fact that many on the Left simply do not grasp.

Warren Meyer, “Does the Zero-Sum Nature of Academic Success Contribute to the Left-wards Bias of Academia?”, Coyote Blog, 2018-11-09.

May 28, 2021

QotD: Declaring war on college

Filed under: Business, Education, Government, Politics, Quotations, USA — Tags: , , , , — Nicholas @ 01:00

As it currently exists, college is a scheme for laundering and perpetuating class advantage. You need to make the case that bogus degree requirements (eg someone without a college degree can’t be a sales manager at X big company, but somebody with any degree, even Art History or Literature, can) are blatantly classist. Your stretch goal should be to ban discrimination based on college degree status. Professions may continue to accept professional school degrees (eg hospitals can continue to require doctors have a medical school degree), and any company may test their employees’ knowledge (eg mining companies can make their geologists pass a geology test) but the thing where you have to get into a good college, give them $100,000, flatter your professors a bit, and end up with a History degree before you can be a firefighter or whatever is illegal. If you can’t actually make degree discrimination illegal, just make all government offices and companies that do business with the government ban degree discrimination.

Stop the thing where high schools refuse to let people graduate until they promise to go to college. End draft deferment for people who go to college — hopefully there won’t be a draft, but do it anyway, as a sign that studying at college isn’t any more important than the many other jobs people do that don’t confer draft exemptions. Make universities no longer tax-exempt — why should institutions serving primarily rich people, providing them with regattas and musical theater, and raking in billions of dollars a year, not have to pay taxes? Make the bill that does this very clearly earmark the extra tax money for things that help working-class people, like infrastructure or vocational schools or whatever.

Scott Alexander, “A Modest Proposal For Republicans: Use The Word ‘Class'”, Astral Codex Ten, 2021-02-26.

May 16, 2021

Gambling machines have come a long way from the “one-armed bandit” days

Filed under: Books, Business, Gaming, Health, USA — Tags: , , , , — Nicholas @ 03:00

This is another reader book review for Scott Alexander’s Astral Codex Ten, looking at Addiction by Design: Machine Gambling in Las Vegas by Natasha Dow Schüll. I’m incredibly risk-averse, so I’ve never even set foot in a casino, but from this review I do not regret my aversion one tiny little bit:

“Hiking the Las Vegas casinos” by davduf is licensed under CC BY-ND 2.0

    Sometimes employees at Netflix think, “Oh my god, we’re competing with FX, HBO, or Amazon” … [W]e actually compete with sleep.

    Reed Hastings

Randomness is addictive, in rats. B. F. Skinner learned that when he created his eponymous rat boxes. The boxes had levers that, when pressed, dispensed food pellets. Rats in boxes where one press resulted in one pellet pressed the lever when hungry. But rats in boxes where one press randomly resulted in no, one, or many pellets, became addicted to pressing the lever. That mammalian attraction to randomness lies at the heart of all gambling.

But machine gambling is not like other kinds of gambling. The book overflows with metaphors straining to describe how machine gambling is the supercharged version of table games like poker, blackjack, and roulette. Machine gambling is deforestation ruining the rainforest of diverse table games. Machines are invasive kudzu outcompeting and killing the native table games. Machine gambling is the crack cocaine to table games’ cocaine.

In about two decades, machine gambling went from being a side attraction to keep wives busy while their husbands played table games to the source of 85% of casino profits. You know how shopping malls have benches for husbands to sit on while their wives shop in stores? Imagine that those benches became the mall. (If you’re reading this in 2025, shopping malls were, uh, a collection of permanent pop-up stores under the same roof.)

The first time I went to Vegas, I knew a few tricks casinos would use to encourage me to gamble too much. I knew the hotel rooms were purposefully cheap, to entice me to visit Vegas. I knew casinos would have neither windows nor clocks, to help me lose my sense of time. I knew they would be full of bright lights and loud sounds, to overstimulate me. I knew nothing. Those tricks are old hat, as quaint as doilies. Machine gambling is a brave new world.

Machine gambling comes in the form of many games, but one example is enough to illustrate the pattern, so let’s discuss slot machines. Slot machines are games with reels with a variety of symbols on them, like cherries, diamonds, or the number 7. (Fun fact: fruit symbols were initially used on slot machines during the prohibition era to disguise them as gum vending machines.) The game is simple. The player spins the reels. If they land to show symbols in a row, the player wins. Because of their simplicity, these machines are favored by new gamblers and tourists.

Back when Moore’s Law was just Moore’s Prediction, slot machines were mechanical devices. The player would pull on a mechanical lever, which caused reels to spin. The reels would eventually slow down and then stop. The symbols in the middle of the screen when the reels stopped dictated whether the player won or lost.

Now, slot machines are digital. The lever, the reels, the symbols — they are all ones and zeros untethered from reality. This gives machine designers a terrifying amount of flexibility. They can optimize the game to maximize its addictivity.

May 6, 2021

Fallen Flag — the Northern Pacific Railway

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

This month’s Classic Trains fallen flag feature is the Northern Pacific Railway by George Drury. The NP was a government-authorized transcontinental line planned to run from a Great Lakes port to the Pacific Northwest. Its founding legislation was passed during the American Civil War but construction of the right of way didn’t begin until 1870 and the line was completed in September, 1883. The railway was granted up to 60 million acres in land grants, but eventually only claimed about 40 million acres (much of this land was already occupied or claimed by various First Nations tribal groups who — of course — were given no choice about having a railway built through their lands and many actively fought against the railway eventually requiring formal US Army protection for the surveying and building crews).

Despite the vast land grants, the costs of building the railway eventually drove Jay Cooke, the original financial backer, into bankruptcy which was one of the major triggers of the financial disaster known as the Panic of 1873. The economic impact was widespread and was known — until the 1930s — as the “Great Depression”, and the US economy took several years to resume growth while other industrialized countries suffered the effects for longer.

NP reorganized by converting the bonds to stock, and the Lake Superior & Mississippi was reorganized as the St. Paul & Duluth. In 1881 control of the NP was purchased by Henry Villard, who also controlled the Oregon Railway & Navigation Co. and the Oregon & California Railroad. On Sept. 8, 1883, NP drove a last spike at Gold Creek, Mont., near Garrison, completing a line from Duluth to Wallula Junction, Wash. Northern Pacific trains continued on the rails of the OR&N to Portland, where NP’s own line to Tacoma resumed (it crossed the Columbia River by ferry from Goble, Ore., to Kalama, Wash.).

Even before completing the line at Gold Creek, NP began constructing a direct line from Pasco, Wash., over the Cascade Range to Tacoma. The Puget Sound area was beginning to grow, and NP wanted to reach it with its own line rather than rely on OR&N. Indeed, soon after the last-spike ceremonies, Villard’s empire collapsed and OR&N became part of Union Pacific (Southern Pacific got the Oregon & California). The Pasco–Tacoma line opened in 1887, with temporary switchbacks carrying trains over Stampede Pass until the opening of Stampede Tunnel in May 1888.

To help populate the railway’s claimed lands, colonization offices were established in northern Europe in the mid-1880s to attract immigrants to settle and farm along the right of way. Many Americans of German or Scandinavian ancestry can trace their roots back to these programs, which generally offered very cheap package deals for transportation to the United States along with parcels of land and other inducements.

Detail from an 1885 Rand McNally publication showing a “Shipper’s Guide To All Points On And Connections To the Northern Pacific Railroad, Its Branches And Connecting Lines”
Original scan from the Norman B. Leventhal Map Center at the BPL via Wikimedia Commons.

In 1901 Northern Pacific and Great Northern gained control of the Chicago, Burlington & Quincy by jointly purchasing approximately 98 percent of its capital stock. That same year James J. Hill and J. P. Morgan formed the Northern Securities Co. as a holding company for NP and Great Northern. The U.S. Supreme Court dissolved Northern Securities in 1904. In 1905 the two roads organized the Spokane, Portland & Seattle, which was completed from Spokane through Pasco to Portland in 1908. GN and NP attempted consolidation in 1927, but the Interstate Commerce Commission made giving up control of the Burlington a requisite for approval, a condition the roads found unacceptable.

In October 1941 NP purchased the property of the Minnesota & International Railway (Brainerd to International Falls, Minn.), which it had controlled for a number of years.

In image, Northern Pacific was the most conservative of the three northern transcontinentals. (Great Northern was a prosperous, well-thought-out railroad; the Milwaukee Road was a brash newcomer.) Bulking large in NP’s freight traffic were wheat and lumber. In the 1920s and 1930s NP suffered from smaller than usual wheat crops and competition from ships for lumber moving to the East Coast. Ship competition decreased during World War II, and postwar prosperity brought an increase in building activity and population growth to the area NP served. NP was the oldest of the northern transcontinentals and had been instrumental in settling the northern plains. It served the populous areas of North Dakota, Montana, and Washington. Its slogan was “Main Street of the Northwest,” and its secondary passenger train of the 1950s and ’60s was the Mainstreeter. Its flagship was the North Coast Limited, launched in 1900.

In 1956 NP and Great Northern again studied merger of the two roads, the Burlington, and the Spokane, Portland & Seattle. In 1960 the directors of both roads approved the merger terms. On March 2, 1970, NP was merged into Burlington Northern along with Great Northern; Chicago, Burlington & Quincy; and Spokane, Portland & Seattle.

April 30, 2021

Bill C-10, despite frequent government denials, would regulate user-generated content on the internet

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

Michael Geist continues to sound the alarm about the federal government’s bill to vastly increase CRTC control over Canadians’ access to information and entertainment options online, including the Heritage minister’s mendacity when challenged about how the CRTC’s powers will increase to censor individual Canadians in what they post to online services like YouTube:

Canadian Heritage Minister Steven Guilbeault and the Liberal government’s response to mounting concern over its decision to remove a legal safeguard designed to ensure the CRTC would not regulate user generated content has been denial. The department’s own officials told MPs that all programming on sites like Youtube would be subject to regulation, yet Guilbeault insisted to the House of Commons that user generated content would be excluded from regulation as part of Bill C-10, his Broadcasting Act reform bill.

However, based on new documents I recently obtained, it has become clear that Guilbeault and the government have misled the Canadian public with their response. In fact, the government effectively acknowledges that it is regulating user generated content in a forthcoming, still-secret amendment to Bill C-10. Amendment G-13, submitted by Liberal MP Julie Dabrusin on April 7th and likely to come before the committee studying the bill over the next week, seeks to amend Section 10(1) of the Broadcasting Act which specifies the CRTC’s regulatory powers. It states:

    (4) Regulations made under paragraph (1)(c) do not apply with respect to programs that are uploaded to an online undertaking that provides a social media service by a user of the service – if that user is not the provider of the service or the provider’s affiliate, or the agent or mandatary of either of them – for transmission over the Internet and reception by other users of the service.

The amendment is a clear acknowledgement that user generated content are programs subject to CRTC’s regulation making power. Liberal MPs may claim the bill doesn’t do this, but their colleagues are busy submitting amendments to address the reality.

But it is not just that the government knew that its changes would result in regulating user generated content. The forthcoming secret amendment only covers one of many regulations that the CRTC may impose. The specific regulation – Section 10(1)(c) of the Broadcasting Act – gives the CRTC the power to establish regulations “respecting standards of programs and the allocation of broadcasting time for the purpose of giving effect to the broadcasting policy set out in subsection 3(1).”

April 15, 2021

QotD: The “evil” of profits

Filed under: Business, Economics, Germany, Government, Quotations, Russia, USA — Tags: , , , , — Nicholas @ 01:00

The slogan into which the Nazis condensed their economic philosophy, viz., Gemeinnutz geht vor Eigennutz (i.e., the commonweal ranks above private profit), is likewise the idea underlying the American New Deal and the Soviet management of economic affairs. It implies that profit-seeking business harms the vital interests of the immense majority, and that it is the sacred duty of popular government to prevent the emergence of profits by public control of production and distribution.

Ludwig von Mises, Planned Chaos, 1947.

April 8, 2021

Fallen Flag — the Duluth, Missabe & Iron Range Railway

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

This month’s Classic Trains fallen flag feature is the Duluth, Missabe & Iron Range Railway (DM&IR) by Steve Glischinski. The DM&IR was formed by the 1937 merger between the Duluth, Missabe and Northern Railway (DMN) and the Spirit Lake Transfer Railway and the 1938 further merger of the combined operation with the Duluth and Iron Range Road (D&IR) and the Interstate Transfer Railway. The D&IR had been founded in 1874 to transport iron ore from Tower, MN to Two Harbors, MN, eventually coming under the ownership of United States Steel Corporation in 1901.

The Merritt family of Minnesota (known as the “Seven Iron Brothers“) discovered a large iron ore deposit in the Mesabi Range and created the largest iron ore mine in the world (as of the 1890s) and tried to persuade the DMN to build a 70-mile rail connection to get their ore to harbour and out to the iron and steel foundries around the Great Lakes. The DMN was unwilling to commit, so the Merritt family borrowed money to build the line from, among other financiers, John D. Rockefeller. The line — called the Duluth, Missabe and Northern — got built and began operations in 1892, but the Merritts expanded too quickly at the wrong moment — the financial panic of 1893 — losing financial control and leaving ownership of both the mine and the railway in Rockefeller’s hands by 1894.

Charlemagne Tower sold the Duluth & Iron Range to Illinois Steel in 1887, which was succeeded by Federal Steel, then U.S. Steel. By 1901, both the D&IR and DM&N were under U.S. Steel control. USS upgraded both railroads with heavy rail and double track, ordered bigger locomotives and larger cars, and built sizeable shops and roundhouses at Proctor and Two Harbors.

In 1915 DM&N leased the Spirit Lake Transfer Railway, a link between DM&N at Adolph, near Proctor, and the Interstate Transfer Railway at Oliver, Wis., across from Steelton, Minn. The Interstate Transfer ran from Oliver to Itasca, in eastern Superior, giving the DM&N connections with large railroads including Northern Pacific, Chicago & North Western’s “Omaha Road”, and three members of the Canadian Pacific family: Minneapolis, St. Paul & Sault Ste. Marie (“Soo Line”); Wisconsin Central; and Duluth, South Shore & Atlantic.

DM&N and D&IR remained separate until January 1, 1930, when the DM&N leased the D&IR and consolidated operations. Then on July 1, 1937, the DM&N merged with the Spirit Lake Transfer to form the Duluth, Missabe & Iron Range Railway. DM&IR then acquired ownership of D&IR and Interstate Transfer, and they became part of the new corporation on March 22, 1938. Reminders of the two big predecessors remained in the DM&IR’s two operating divisions, named Iron Range and Missabe, made up primarily of the predecessors’ tracks.

The Great Depression drastically reduced ore traffic. In 1932, not a single all-ore train was run — the small amount of ore that had to be shipped was carried in mixed freights. World War II reversed the road’s fortunes, of course, and the postwar boom resulted in an even higher demand for ore, with an all-time tonnage record being set in 1953.

Missabe had minimal passenger service. Into the 1950s, handsome Pacifics pulled heavyweight steel RPOs and coaches, two with solarium observation sections. At the end of World War II, the Missabe still provided service between Duluth and Ely (Winton), and Duluth and Hibbing, with the Hibbing train connecting with one from Iron Junction to Virginia.

Duluth, Missabe & Iron Range M-3 locomotive no. 227.
Photo by “GavinTheGazelle” via Wikimedia Commons.

U.S. Steel spun off the DM&IR and its other ore railroads and shipping companies to subsidiary Transtar in 1988, selling majority control to the Blackstone Group. In 2001, DM&IR and other holdings were moved from Transtar to Great Lakes Transportation, fully owned by Blackstone, so for the first time in a century, DM&IR was no longer associated with U.S. Steel. On October 20, 2003, Canadian National announced it would buy Great Lakes Transportation, which also owned Bessemer & Lake Erie, Pittsburgh & Conneaut Dock Co. in Ohio, and Great Lakes Fleet, Inc. The purchase was finalized on May 10, 2004, and the independent Missabe Road vanished.

CN retired all but 10 of the SD40-3s, most of the SD38s, and all the rebuilt SD9s and 18s. Major locomotive work shifted from Proctor to other shops, and train dispatchers moved to Wisconsin, then Illinois. CN invested in new ore cars for the Missabe, gradually replacing those that dated to when steam still ruled the railroad. DM&IR existed on paper until December 31, 2011, when CN merged subsidiaries DM&IR and Duluth, Winnipeg & Pacific into Wisconsin Central.

April 3, 2021

QotD: When governments try to “help” small businesses

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

In 1961, economist Benjamin Chinitz argued that New York was more resilient than Pittsburgh because New York possessed a culture of entrepreneurship, originally inculcated by the garment industry, where anyone with a good idea and a couple of sewing machines could start a business. By contrast, gritty cities like Pittsburgh, dominated by large smokestack industries that tended to snuff out small-scale entrepreneurial activity, eventually faced a crisis when those industries grew less profitable, and the local economy struggled to adjust.

Love for small business is one of the few universals in American politics. In a 2018 Gallup poll, just 56 percent of Americans viewed capitalism positively; but 92 percent had a positive view of small business, and 86 percent viewed entrepreneurs positively. Government at all levels has policies intended to help small businesses, but there’s little evidence that these programs are effective — and even when bureaucrats try to help, they impede small-business creation by imposing new regulations. The New York City Business License and Permit index presents a daunting compendium of licenses and certifications that can be required to start a business in the city — such as the Esthetics License (needed if you want to “conduct beauty treatment”) and the Certificate of Fitness for Fire and Emergency Drill Instructor (necessary to “lead fire drills in buildings that do not require a Fire Safety Director”).

Such overregulation represents a second way that the deck gets stacked in the American economy against outsiders. The decline of American entrepreneurship is a discouraging trend of the last 30 years. In 2015, economist John Haltiwanger documented numerous signs of diminished business dynamism in the United States. In the early 1980s, he noted, America’s startup rate exceeded 13 percent, which meant that about one-eighth of all firms had just begun. The startup share fell to 10 percent near the end of the Clinton years and below 8 percent during the Great Recession. While no consensus exists about the causes of this dramatic drop, expanding business regulation is a plausible candidate.

Edward L. Glaeser, “How to Fix American Capitalism”, City Journal, 2020-12-13.

March 22, 2021

Apocrypha: Tour of the Kyrö Distillery

Filed under: Business, Europe — Tags: , , , — Nicholas @ 04:00

Forgotten Weapons
Published 21 Mar 2021

While I was in Finland for Finnish Brutality 2021, I took a day to hitch a train ride up to Isokyrö, about 400km northwest of Helsinki. The Kyrö distillery was founded there in 2012, making single malt Finnish rye whiskey and several varieties of gin.

Their own video does a fine job describing the origins of the distillery:

https://youtu.be/6Q35akNanEs​

But I wanted to get a look at the production process — and it’s impressively well set up! The rye is made in a pair of imported Scottish pot stills, and the gin uses a combination of pot and column distillation. They were kind enough to give me a tour of the whole place, so let’s have a look around!

They are distributed throughout the EU, and to a limited extent in the US.

https://kyrodistillery.com

(Apocrypha is a behind-the-scenes periodic series normally only available to Patreon supporters of Forgotten Weapons. Want to see more? Sign up to help support me directly at http://www.patreon.com/forgottenweapons​)

March 18, 2021

The Hornby Story

Filed under: Britain, Business, History, Railways — Tags: , , — Nicholas @ 02:00

Little Car
Published 27 Feb 2020

Hornby Railways is a British model railway brand. Its roots date back to 1901, when founder Frank Hornby received a patent for his Meccano construction toy. The first clockwork train was produced in 1920. In 1938, Hornby launched its first 00 gauge train. In 1964, Hornby and Meccano were bought by their competitor, Tri-ang, and sold on when Tri-ang went into receivership. Hornby Railways became independent again in the 1980s, and became listed on the London Stock Exchange, but due to recent financial troubles, reported in June 2017, is presently majority owned by turnaround specialist Phoenix Asset Management.

The script for this video comes from Wikipedia:
https://en.wikipedia.org/wiki/Hornby_…
If you find issues with the content, I encourage you to update the Wikipedia article, so everyone can benefit from your knowledge.

To get early ad-free access to new videos, or your name at the end of my videos, please consider supporting me from just $1 or 80p a month at https://www.patreon.com/bigcar

#hornby #hornbyrailways

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