Quotulatiousness

December 7, 2010

The economics of Ebenezer Scrooge

Filed under: Books, Britain, Economics, Media — Tags: — Nicholas @ 00:10

Russell D. Longcore looks at the economics underlying Charles Dickens’ A Christmas Carol:

Next we are introduced to Scrooge’s philosophy on celebrating Christmas. His nephew greets him warmly with a “Merry Christmas!” Scrooge responds:

What’s Christmas time to you but a time for paying bills without money; a time for finding yourself a year older, but not an hour richer; a time for balancing your books and having every item in them through a round dozen of months presented dead against you? If I could work my will, every idiot who goes about with “Merry Christmas” on his lips, should be boiled with his own pudding, and buried with a stake of holly through his heart.

Is he wrong, or is he a prophet? Today, a large percentage of Americans pay for Christmas with their credit cards, borrowing money from the future to pay for today’s luxuries. They work for wages, but American savings rates are near zero, so they are no richer than last year. They trade their irreplaceable time for wages as the years tick off. Where is Scrooge wrong in his assessment of Christmas celebrants?

Next we see an exchange between Scrooge and two do-gooders who come to the office looking for charitable donations.

[. . .]

Let’s pause to learn from this attempt at a shakedown.

The very existence of Christmas… both in the Dickensian era and today… promotes a desire for the giving and receiving of gifts. And that has nothing to do with Jesus. Merchandising is King of Kings in December. With that desire comes the feeling of “Want” described by Gentleman #2., particularly among those who have not. Everyone knows and feels the ubiquitous pressure on everyone to give gifts, even if you cannot afford to do so. Those who do not wish to participate in the expression of so-called “Christian cheer” may not be moved to part with their Abundance to provide the Poor with food, drink and warmth in this particular method of coercion.

As Scrooge reveals, he already supports the institutions that care for the needy. He either gives his own money voluntarily to the debtor’s prisons, the Union workhouses, the Treadmill… or money is exacted from him by taxation for the operations of these institutions. But Gentleman #2 argues that “many can’t go there… some would rather die (than go there). That is a choice made by an individual based upon haughty pride, not true need. Scrooge states that he does not accept the premise offered by #2 that anyone would rather die than go to the poor house, and that he is busy enough minding his own business. And thus ends this part of the story.

December 6, 2010

A qualified list of terror targets in Canada

Filed under: Cancon, Economics, Military, USA — Tags: , , , — Nicholas @ 12:25

Norman Spector goes where US federal government employees are forbidden to go:

In February of last year, U.S. diplomatic posts were given one month by Washington to compile and forward an inventory of critical infrastructure and key resources in their respective reporting areas “whose loss could critically impact the public health, economic security, and/or national and homeland security of the United States.” The U.S. embassy in Ottawa — and the string of American consulates across Canada — were included in this “action request.”

[. . .]

Not surprisingly given that we share a continent, the U.S. compilation of critical infrastructure and key resources in foreign countries includes many sites and undertakings in Canada, from Nova Scotia to British Columbia. Dams; undersea cables; oil and gas pipelines; border crossings, including bridges; nuclear power plants; defence production factories; mines; and, last but not least, pharmaceutical and vaccine production plants.

While, there has been considerable sympathy to date for WikiLeaks and for Mr. Assange, I suspect that some of this might erode once Canadians get a look at this latest cable, which is now widely available, and which sets out the juiciest targets in Canada for those looking to do harm to the United States. Moreover, once Canadians have had a chance to examine the list of sites it includes, I doubt that many of our compatriots will conclude that its compilation by U.S. diplomats serving in this country amounts to anything remotely connected to what we understand to constitute espionage:

Canada: Hibernia Atlantic undersea cable landing Halifax, Nova Scotia, Canada
James Bay Power Project, Quebec: monumental hydroelectric power development
Mica Dam, British Columbia: Failure would impact the Columbia River Basin.
Hydro Quebec, Quebec: Critical irreplaceable source of power to portions of Northeast
U. S. Robert Moses/Robert H. Saunders Power, Ontario: Part of the St. Lawrence Power Project, between Barnhart Island, New York, and Cornwall, Ontario
Seven Mile Dam, British Columbia: Concrete gravity dam between two other hydropower dams along the Pend d’Oreille River
Pickering Nuclear Power Plant, Ontario, Canada
Chalk River Nuclear Facility, Ontario: Largest supplier of medical radioisotopes in the world
Hydrofluoric Acid Production Facility, Allied Signal, Amherstburg, Ontario
Enbridge Pipeline Alliance Pipeline: Natural gas transmission from Canada
Maritime and Northeast Pipeline: Natural gas transmission from Canada
Transcanada Gas: Natural gas transmission from Canada
Alexandria Bay POE, Ontario: Northern border crossing
Ambassador Bridge POE, Ontario: Northern border crossing
Blaine POE, British Columbia: Northern border crossing
Blaine Washington Rail Crossing, British Columbia
Blue Water Bridge POE, Ontario: Northern border crossing
Champlain POE, Quebec: Northern border crossing
CPR Tunnel Rail Crossing, Ontario (Michigan Central Rail Crossing)
International Bridge Rail Crossing, Ontario International Railway Bridge Rail Crossing
Lewiston-Queenstown POE, Ontario: Northern border crossing
Peace Bridge POE, Ontario: Northern border crossing
Pembina POE, Manitoba: Northern border crossing
North Portal Rail Crossing, Saskatchewan
St. Claire Tunnel Rail Crossing, Ontario
Waneta Dam, British Columbia: Earthfill/concrete hydropower dam
Darlington Nuclear Power Plant, Ontario, Canada.
E-ONE Moli Energy, Maple Ridge, Canada: Critical to production of various military application electronics
General Dynamics Land Systems – Canada, London Ontario, Canada: Critical to the production of the Stryker/USMC LAV Vehicle Integration
Raytheon Systems Canada Ltd. ELCAN Optical Technologies Division, Midland, Ontario, Canada: Critical to the production of the AGM-130 Missile
Thales Optronique Canada, Inc., Montreal, Quebec: Critical optical systems for ground combat vehicles
Germanium Mine Graphite Mine Iron Ore Mine Nickel Mine Niobec Mine, Quebec, Canada
Niobium Cangene, Winnipeg, Manitoba: Plasma
Sanofi Pasteur Ltd., Toronto, Canada: Polio virus vaccine
GlaxoSmithKile Biologicals, North America, Quebec, Canada: Pre-pandemic influenza vaccines.

As Colby Cosh notes on Twitter, “That scary list of Cdn targets in the Wikileaks cable on security installations? You could have written it after a morning in the library.”

December 5, 2010

More on California’s High Speed Boondoggle

Filed under: Bureaucracy, Economics, Railways, USA — Tags: , , — Nicholas @ 12:39

Tim Cavanaugh has more information on the high speed (high cost) train to nowhere:

California’s high speed rail project could be shaping up as the awesomest catastrogeddon of 2011.

The California High Speed Rail Authority is committed to breaking ground on a leg of the train that will serve passengers between the unincorporated town of Borden and the half-incarcerated town of Corcoran.

Even saying it will “serve” passengers between the two arbitrary spots on the map is an overstatement: there will be no actual service along this route until after connecting segments are completed and some engines and coaches are purchased.

Background: The CHSRA needs to break ground by September 2012 or lose $2.25 billion in federal funds. The U.S. Department of Transportation has for reasons of its own favored the sparsely populated Central Valley for this first leg of the thinly imagined high speed rail project. Although Golden State Democrats would prefer to start off by connecting San Francisco to Los Angeles or L.A. to Anaheim, they have generally accepted the humiliation rather than lose the funding and miss another start for the nearly 15-year-old project. The recent dedication of a high-speed terminal in San Francisco by outgoing Democratic House Speaker Rep. Nancy Pelosi was for show purposes only.

Geography buffs are invited to try and make any sense out of the CHSRA’s proposed alignment. Not only does the authority plan to incur all the financial and public relations costs of driving a 150-mph train down the heavily populated and extremely wealthy San Francisco-to-San Jose corridor; but it then plans to sacrifice the only goal that could possibly make that trouble worthwhile: a direct San Fran-L.A. run.

December 4, 2010

California gambles on risky High Speed Rail ploy

Filed under: Bureaucracy, Economics, Railways, USA — Tags: , , — Nicholas @ 00:20

The board of the California High Speed Rail Authority voted to build the first segment of the planned HSR trackage from nowhere to nowhere, and will carry no passengers:

Citing a need for jobs and fast approaching federal deadlines for funding, the California High Speed Rail Authority board Thursday unanimously approved construction of the first leg of the state’s proposed bullet train — a 65-mile section in the Central Valley that would not carry passengers until more of the system is built.

Costing at least $4.15 billion, the segment would run from the tiny town of Borden to Corcoran, an area hit so hard by the recession and agriculture declines that it has been dubbed the New Appalachia. Stations would be built in Fresno and Hanford.

Included in the plan are tracks, station platforms, bridges and viaducts, which would elevate the line through urban areas. The initial section, however, would not be equipped with maintenance facilities, locomotives, passenger cars or an electrical system necessary to power high-speed trains.

The board clearly believes that the state and the federal government will be forced to build the connecting segments in order to “save” the $4+ billion in sunk costs for this initial project (costs almost always balloon on major projects like this . . . final figure may well be double the headline number). In other words, they’re deliberately planning to blackmail the money out of future governments.

December 3, 2010

Reactions to the Irish financial crisis

Filed under: Economics, Europe — Tags: , , , , , — Nicholas @ 09:09

Kevin O’Rourke sees it as almost a kind of bereavement:

It is one thing to know that someone you love is terminally ill; their death still comes as a shock.

I certainly don’t want to compare the arrival of the EU-IMF team in Dublin last week to a bereavement. But I was surprised at how upsetting I found it, given that it came as no surprise. It had been clear for a long time that the blanket guarantee given to the liabilities of Ireland’s rotten banks, in September 2008, had saddled the State with a debt that was too big for it to handle. Ten successive quarters of declining real GNP, and one attempt too many to draw a line under the losses of our banks, made our exclusion from international capital markets inevitable. But to know something is one thing; to see it actually happen is something entirely different.

I am not alone in feeling this way, it seems. The economics editor of the Irish Times, Dan O’Brien, wrote that

“nothing quite symbolised this State’s loss of sovereignty than the press conference at which the ECB man spoke along with two IMF men and a European Commission official. It was held in the Government press centre beneath the Taoiseach’s office. I am a xenophile and cosmopolitan by nature, but to see foreign technocrats take over the very heart of the apparatus of this State to tell the media how the State will be run into the foreseeable future caused a sickening feeling in the pit of my stomach.

This is not to say that we would be happy to have our country’s affairs managed by the current, disgraced, government. I yield to no-one in my loathing of the men and women who have done this to my country. What has been the intellectual low-point of the last couple of years? Was it the cash-for-clunkers stimulus package (Ireland does not produce any cars)? Or the statement by our Finance Minister that Ireland need not fear a bank run, since Ireland is an island? Or the biggest Irish joke of them all, which underpinned the bank guarantee in the first place: that if we wanted investors to retain confidence in the creditworthiness of the Irish State, we needed to make sure that nobody who invested in our (private sector) banks ever lost a penny?”

H/T to Tim Harford for the link.

December 1, 2010

Toronto: where professional sports go to be embalmed

Filed under: Cancon, Economics, Soccer, Sports — Tags: , , — Nicholas @ 12:51

Scott Stinson looks at the less-than-impressive results turned in by Toronto’s various sport teams:

It makes business sense, of course, since Rogers, which already owns television networks and other content platforms devoted to sports, would own almost all the city’s sports properties, too. But would Toronto fans be any closer to a winner? Fans in this city have long lamented the inability of the bottom-line oriented current owners, dominated by the giant Ontario teachers’ pension plan and assorted business types, to build winners on the ice and the field. The franchises have been hugely successful in terms of making money, but woefully unsuccessful in the pursuit of championships.

Leafs: Zero playoff appearance since the NHL lockout of 2005. No Stanley Cups since 1967.

Raptors: In 15 years, they have won 11 playoff games. And lost three franchise players.

Toronto FC: Zero playoff appearance since club was formed in 2006.

[. . .]

So maybe Rogers would be different. Maybe it would want winners, since winners drive ratings. But the Jays haven’t sniffed the playoffs since Rogers bought them in 2000 (admittedly a tall order in a division that includes New York and Boston), and Rogers’ other sporting venture, the lease of eight Buffalo Bills games over five seasons, is thought to be a financial disaster.

It’s a pretty stark example of how disconnected the financial success of the business is from the sporting success of the team, isn’t it?

Update: Do check the comments, where “Lickmuffin” is holding forth about the iniquities of professional sports in general. It’s good, entertaining reading.

Five Books interview with P.J. O’Rourke

Filed under: Books, Economics, Liberty, Media, Politics — Tags: , , , — Nicholas @ 09:05

P.J. O’Rourke is asked to talk about five books from the field of political satire:

P J O’Rourke talks Swift, Huxley, Orwell and Waugh and says we now live in the world of 1984 but, instead of being a horror show, a television that looks back at you is just a pain in the ass. It’s 1984-Lite. Sad in one way, but a relief in another.

The category of political satire books is simply closed. The top five are so good that in order to make any surprising choices one has to go a long way down to the next level.

[. . .]

I’ll be careful. Animal Farm and 1984.

Yes. One is comic satire and the other is tragicomic satire.

Let’s start with the comic.

Well, Animal Farm sticks in everybody’s mind. All animals are equal but some animals are more equal than others. Again, something read twice. I read it for the first time when I was 14 or 15 and it was a funny story about badly behaved animals and then I read it again at college and someone pointed out to me that this was sharp social satire. I thought it was an animal story, a kids’ book, but when I took another look at it I realised what he was getting at. The Soviet leadership was pretty well represented there. But one of the things that’s interesting to me about both Animal Farm and 1984 is that they are warnings against collectivism from a man of the left. Sure, any old Tory or Republican might be likely to make this point, though not so well, perhaps, nor so amusingly, but the fact that it comes from a man of the left is interesting. It seems to me to be something Orwell never fully came to grips with. Maybe if he’d lived longer…

What do you mean?

The necessity for collectivism under his leftist ideals and yet the danger of collectivism no matter who it’s done by seems like something he really wrestled with. I think we all buy the necessity for collectivism in a way.

[. . .]

Have you actually been to Sweden? I’ve never been, but I find myself constantly holding it up as the pinnacle of socialist marvellousness. It could be a complete shit-hole for all I know.

I have been and you know what it is? It’s very foreign. It’s full of Swedes. I mean, there are a few immigrants, and it has more now than it did 15 years ago when I was there, but Swedes are really Swedish. They are just remarkably alike. So, when you have a country of only eight and a half million people and they’re very like each other and you take 80 per cent of their income away and redistribute it through political means and they go: ‘Ya, ya, dat’s vot I vonted! Abba records! Herring and a PhD!’ And it’s all okey-dokey. But if you take a country as diverse as the United States and you take everything away from everybody and redistribute it — oh my God, there’d be hell to pay! I mean, some people would want guns, and some people… I wouldn’t even want to ask what some people would want.

[. . .]

1984.

That’s satire more in the Roman mode. The usual definition of satire is humour used to a moral end for a moral purpose, and there’s certainly a moral purpose to 1984 but it’s not funny really. I mean there is a certain dark humour to rewriting history and things going down a memory hole.

It’s funny in the Russian sense of the word.

I like that. Believe me, I’ll steal that phrase.

I’ll see you in court.

It’s sort of like being popular in Japan.

November 30, 2010

Ireland’s debt problem

Filed under: Economics, Europe, Humour, Italy, Politics — Tags: , , , , — Nicholas @ 07:48

James Howard Kunstler looks at Ireland’s plight:

When you’re out of the country, as I was last week, it’s good to know that the home folks are keeping up with the Kardashians and bravely venturing into the blood-splattered chambers of cable TV’s latest hit, Bridal Plasty — where candidates for marriage are transformed from Holstein cows into inflatable sex toys by magic surgical technology — not to mention all those humble guardians of freedom who kept the parking lots of WalMart safe for consumerism in the wee small hours of Black Friday. These are, after all, perilous times.

Elsewhere, Ireland and the rest of Europe wore themselves out with soul-searching all week over how to handle national bankruptcy within a currency system that bears only a schematic relation to reality. Does the bankruptee go broke all at once, or is she recruited into permanent debt slavery so that the bond-holders of various banks can keep their loved ones in marzipan and Fauchon’s wonderful marrons glacés for one more holiday season? As of Monday morning, Ireland has been commanded to, er, bend over and pick up the soap, shall we say, for about a hundred billion euros in loans that will not be paid back until a mile-high ice-sheet covers Dublin (something that might happen sooner rather than later if the climate mavens are right).

We’ll see how this bail-out goes down with the French and German voters, too, who have to pay for it, after all, especially as Portugal, Spain, and Italy line up at the cash cage for their cheques (and bars of soap). Of course, a few more basis points in the interest rate spreads could prang the whole Euro soap opera — does anybody really believe this game of kick-the-can will go on after New Years? I’m not even sure it goes on past this Friday, but I am a notoriously nervous fellow.

This is almost as good as the (temporarily discontinued) daily Financial Briefings from Monty.

H/T to Terry Kinder for the link.

November 27, 2010

Privatize Ontario’s power

Filed under: Cancon, Economics, Technology — Tags: , , , , — Nicholas @ 10:00

Lawrence Solomon savages the Ontario government’s recently announced $87 billion energy plans:

This week, the Ontario government published its Long-Term Energy Plan. Under it, the province and Ontario Hydro’s successors are committing to more uneconomic nuclear power projects and more uneconomic alternative energy generation contracts, but on a far bigger scale than the old Ontario Hydro ever undertook. The grave the government is digging this time is big enough to bury the province as well as the power sector.

Where the four reactors at Darlington cost $14-billion, the new long-range plan calls for $33-billion, more than double the previous price tag, and that’s to build just two new reactors and refurbish 10 old ones, including those at Darlington. That $33-billion estimate is more a wish than a firm projection. Nuclear reactors, notorious for their cost overruns, typically come in at two to three times their original estimates. Darlington, originally estimated at $3.5-billion, came in at four times its estimate. Refurbishments likewise run up the bills, as seen in the two Bruce reactors at Lake Huron. In 2005, the estimate was $2.75-billion. Today, the refurbishment is already three years behind schedule and $2-billion over budget. No one would be surprised to see the $33-billion estimate balloon to $99-billion or more by the time the plan is complete.

Amazingly, the nuclear boondoggle may not represent the biggest blowout. Where the original alternative energy contracts with private power producers cost $6-billion, the new round of alternate energy projects envisaged in the Long-Term Plan cost more like $27-billion — or more like $45-billion once the supporting infrastructure for these alternative projects is factored in. This $45-billion,like the $33-billion estimate for nuclear power, may itself be a gross underestimate, partly because the supporting infrastructure is subject to cost overruns, partly because the bulk of the new alternative energy projects — unreliable wind and solar — are likely to require expensive backups to avoid blackouts.

His suggested solution? Scrap the huge plan, which on past evidence will be far more expensive, slower, and less effective than they predict. The better solution? Privatize the grid. Allow market forces to set electricity rates.

November 26, 2010

Canadian retailers are “furious” at customers for looking to the US for cheaper prices

Filed under: Cancon, Economics, USA — Tags: , , — Nicholas @ 09:16

A brief filler piece on the Canadian Press newswire explains only part of the reason so many Canadian shoppers are headed south to do their Christmas shopping this year:

This is Black Friday in the U.S., but many Canadian retailers are a furious red at the thought of consumers heading south for bargains.

The Retail Council of Canada says there is a long list of reasons to shop north of the border.

It says retailers are a vital part of any community’s economy and it employs 10 per cent of the workforce.

It also reminds consumers that Canadian taxes — which cause much of the traffic south — help pay for health care and education.

The higher taxes are certainly a big part of the explanation, but even if you control for tax, Canadian prices are generally higher than their US counterparts. For example, a paperback I picked up at random from our coffee table (published quite recently) has a price of $7.99 on it. If you’re an American, that is. Canadians pay $10.99. The Canadian dollar is around US$0.98.

Nice little markup, eh? Add the 13% Hack-and-Slash Tax on top of that, and you know exactly why thousands of Canadians are willing to put up with long lines at the border to do their shopping in the States.

November 25, 2010

Even China may not be able to afford their High Speed Rail network

Filed under: China, Economics, Japan, Railways, Technology — Tags: , — Nicholas @ 00:24

By way of Hit and Run, a brief note of caution about the headlong pace of construction of China’s High Speed Rail:

The Chinese Academy of Sciences (CAS) reported to the State Council recently, urging the large-scale high-speed railway construction projects in China to be re-evaluated. The CAS worries that China may not be able to afford such a large-scale construction of high-speed rail, and such a large scale high-speed rail network may not be practical.

[. . .] Under the current plan, the central government has approved to build, by 2020, 16,000 km of high speed rail providing access to about 90% of the Chinese population.

[. . .]

The report submitted by the Chinese Academy of Sciences said China’s high-speed rail construction has caused debt that has already reached unsustainable levels; particularly since the end of 2008, the government introduced a stimulus plan to fight the global economic crisis and the size of local government borrowing is already very high

As Ronald Bailey points out, China is now occupying the same position in American thoughts that Japan did thirty years ago — the economic juggernaut that is poised to crush weak and defenceless American business. The recent gushing about how wonderful China’s HSR system is and how America should build one too are really just echoes of the 1980’s lament on how Japan’s economic model worked so much better than messy US mixed-market capitalism.

Back in the 1980s, I was a producer for a national weekly PBS foreign policy show called American Interests. We ran a lot of nifty programs on various aspects of the Cold War. Another abiding obsession of the chattering classes was the coming triumph of Japan Inc. over a hapless America. We regularly broadcast shows featuring the likes of Robert Reich, Chalmers Johnson (see H&R obit from yesterday), and Clyde Prestowitz predicting that the wise bureaucrats at the helm of Japan’s Ministry of International Trade and Industry deftly deploying their industrial policy jujitsu would soon bury us Yanks. As evidence, critics of undirected American capitalism pointed out that Japan’s economy was growing at 6 to 8 percent per year. Japan was exporting its way to prosperity and the U.S. was running a huge trade deficit with the East Asian powerhouse. Japan could do no wrong and America could do no right. Then the Japanese bubble burst.

Twenty years later, the new meme of would-be industrial policy mavens is China Inc. Promoters include Thomas Friedman and Clyde Prestowitz. China is growing at a blistering pace of 10 percent per year and exporting its way to prosperity. Once again, we are told that East Asian capitalism directed from the top by wise bureaucrats is going to outcompete the United States and toss us into the dustbin of histoy.

November 23, 2010

Succinct summary of Irish situation

Filed under: Economics, Europe, Humour, Media — Tags: , , — Nicholas @ 09:08

From Andrew Bloch’s Twitpic page and brought to my attention by Damian Penny.

November 21, 2010

Airline execs will hate to see these results translated into dollars

Filed under: Bureaucracy, Economics, USA — Tags: , , , — Nicholas @ 12:47

Reuters has a poll up with current numbers that will send a chill down the spine of airline executives:

Yes, yes . . . self-selected poll . . . non-scientific . . . etc, etc. Even so, it might be a good time to review your stock portfolio in case you’re over-exposed to airline share prices.

November 20, 2010

The use of glamour to advance weak economic ideas

Filed under: Economics, Environment, Media, Politics — Tags: , , , , , — Nicholas @ 11:09

Virginia Postrel highlights the power of glamour even in technical and economic arguments:

When Robert J. Samuelson published a Newsweek column last month arguing that high-speed rail is “a perfect example of wasteful spending masquerading as a respectable social cause,” he cited cost figures and potential ridership to demonstrate that even the rosiest scenarios wouldn’t justify the investment. He made a good, rational case — only to have it completely undermined by the evocative photograph the magazine chose to accompany the article.

The picture showed a sleek train bursting through blurred lines of track and scenery, the embodiment of elegant, effortless speed. It was the kind of image that creates longing, the kind of image a bunch of numbers cannot refute. It was beautiful, manipulative and deeply glamorous.

The same is true of photos of wind turbines adorning ads for everything from Aveda’s beauty products to MIT’s Sloan School of Management. These graceful forms have succeeded the rocket ships and atomic symbols of the 1950s to become the new icons of the technological future. If the island of Wuhu, where games for the Wii console play out, can run on wind power, why can’t the real world?

Policy wonks assume the current rage for wind farms and high-speed rail has something to do with efficiently reducing carbon emissions. So they debate load mismatches and ridership figures. These are worthy discussions and address real questions.

But they miss the emotional point.

I guess it’s a sign of weakness for the economic folks that they don’t realize how much of the battle for public support can rest on non-economic factors. You might be able to win all the technical battles, but it’s often the emotional factors that determine victory overall.

November 18, 2010

Put pressure on the airlines to rein in TSA

Filed under: Economics, Humour, Liberty — Tags: , , — Nicholas @ 13:18

Megan McArdle writes a Dear John letter to her long-time airline:

Dear Airline, I’m Leaving You

But don’t feel too bad. It’s not you, it’s me. Or rather, it’s the TSA.

I’m not going to lie. It’s come between us. If I have to let someone else see me naked in order to be with you — well, I’m just not that kinky. And deep down, I don’t think you are either. I think it’s the TSA making you act like this. Frankly, you haven’t been the same since you started running around together.

But I can’t put all the blame on them. I think you went along because you thought I had to have you — that I couldn’t live without you. That no matter what you did, I’d stay. And it’s true, you had a pretty strong hold on me. Took away the food, and I still loved you — who wanted to eat a terrible, fattening meal anyway? Narrowed the distance between the seats, and still I stayed, using my airline miles to upgrade to first class. Charge me for baggage? I’m an economics writer — I love unbundled products. So I can see where you got the idea that I’d stick by you no matter what.

But the kinky stuff is just a bridge too far. I’m not saying I’ll never see you again: we can still meet up for a drink, or even a quick weekend trip to California. But our days are a regular item are through. I’m writing this letter because one of my commenters pointed out that it was only fair to let you know what was going on [. . .]

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