Quotulatiousness

August 12, 2017

Troll the Patent Trolls

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

Published on 11 Aug 2017

Patent trolls are on the run. Let’s finish them off.
———
It’s been a bad year for patent trolls, from a Supreme Court decision squelching their ability to funnel lawsuits to East Texas, to this week’s ruling that Personal Audio LLC can’t claim it owns a patent on the entirety of podcasting. In the latest Mostly Weekly, Reason’s Andrew Heaton explores what patent trolls are, the damage they do, and the next step in driving them out of courtrooms and back into dank caves.

Trolls camp out on piles of weak and frivolous patents, hoping to one day sue inventors and businesses. Many of the patents they register or buy are vague, representing novel ideas only insofar as trolls are innovative at finding things they didn’t invent to claim legal ownership of. It doesn’t matter that these patents wouldn’t hold up in court, because a business is more likely to pay off a troll than to hire an expensive attorney to fight them. Trolls suck more than twenty billion dollars out of the economy each year.

The parasitical nature of “non-practicing entities” (the PC term for trolls) has raised questions about whether the modern patent system helps or hinders innovation, and if the best solution is for comprehensive reform or just to burn the whole thing down.

Heaton has an idea to hinder patent trolls. It may not be a silver bullet, but it will definitely piss them off.

Mostly Weekly is hosted by Andrew Heaton with headwriter Sarah Rose Siskind.
Script by Andrew Heaton with writing assistant from Sarah Siskind
Edited by Austin Bragg and Sarah Rose Siskind.
Produced by Meredith and Austin Bragg.
Theme Song: Frozen by Surfer Blood.

August 11, 2017

Penn & Teller on Gun Control

Filed under: History, Liberty, USA — Tags: , , , — Nicholas @ 02:00

Published on 11 Feb 2013

Penn and teller explain the 2nd amendment in very simple, easy to understand terms. Just the way it was written.

August 8, 2017

Civil asset forfeiture in Las Vegas – kick’em while they’re down

Filed under: Government, Law, USA — Tags: , , , , — Nicholas @ 05:00

C.J. Ciaramella summarizes the findings of a new report on civil asset forfeiture in Nevada, where the Las Vegas police have been profiting nicely by confiscating even from the poorest members of society:

Photo by Thomas Wolf, via Wikimedia.

When Las Vegas police seized property through civil asset forfeiture laws last year, they were mostly likely to strike in poor and minority neighborhoods.

A report [PDF] released last week by the Nevada Policy Research Institute (NPRI), a conservative think tank, found the Las Vegas Metropolitan Police Department raked in $1.9 million in asset forfeiture revenue in 2016. Two-thirds of those seizures occurred in zip codes with higher-than-average rates of poverty and large minority populations.

The 12 Las Vegas zip codes most targeted by asset forfeiture have an average poverty rate of 27 percent, compared to 12 percent in the remaining 36 zip codes. Clark County, Nevada, has an average poverty rate of 16 percent.

The 12 most targeted zip codes also have an average nonwhite population of 42 percent, compared to 36 percent in the other remaining zip codes.

Under civil asset forfeiture laws, police may seize property they suspect of being connected to criminal activity. The owner then bears the burden of challenging the seizure in court and disproving the government’s claims. Law enforcement groups say civil asset forfeiture is a vital tool to disrupt drug trafficking and other organized crime by cutting off the flow of illicit proceeds.

But a bipartisan coalition of civil liberties groups and lawmakers have been calling for the laws to be reformed, saying asset forfeiture’s perverse profit incentives and lack of safeguards leads police to shake down everyday citizens, who often lack the resources to fight the seizure of their property in court.

August 5, 2017

“… theirs is a generation shaped by the smartphone and by the concomitant rise of social media. I call them iGen”

Filed under: Technology, USA — Tags: , , , , , , , — Nicholas @ 04:00

In The Atlantic, “Gen Xer” Jean Twenge is worried about the ways the new generation differ from their Millennial predecessors:

Click to see full-size image

I’ve been researching generational differences for 25 years, starting when I was a 22-year-old doctoral student in psychology. Typically, the characteristics that come to define a generation appear gradually, and along a continuum. Beliefs and behaviors that were already rising simply continue to do so. Millennials, for instance, are a highly individualistic generation, but individualism had been increasing since the Baby Boomers turned on, tuned in, and dropped out. I had grown accustomed to line graphs of trends that looked like modest hills and valleys. Then I began studying Athena’s generation.

Around 2012, I noticed abrupt shifts in teen behaviors and emotional states. The gentle slopes of the line graphs became steep mountains and sheer cliffs, and many of the distinctive characteristics of the Millennial generation began to disappear. In all my analyses of generational data — some reaching back to the 1930s — I had never seen anything like it.

At first I presumed these might be blips, but the trends persisted, across several years and a series of national surveys. The changes weren’t just in degree, but in kind. The biggest difference between the Millennials and their predecessors was in how they viewed the world; teens today differ from the Millennials not just in their views but in how they spend their time. The experiences they have every day are radically different from those of the generation that came of age just a few years before them.

What happened in 2012 to cause such dramatic shifts in behavior? It was after the Great Recession, which officially lasted from 2007 to 2009 and had a starker effect on Millennials trying to find a place in a sputtering economy. But it was exactly the moment when the proportion of Americans who owned a smartphone surpassed 50 percent.

The more I pored over yearly surveys of teen attitudes and behaviors, and the more I talked with young people like Athena, the clearer it became that theirs is a generation shaped by the smartphone and by the concomitant rise of social media. I call them iGen. Born between 1995 and 2012, members of this generation are growing up with smartphones, have an Instagram account before they start high school, and do not remember a time before the internet. The Millennials grew up with the web as well, but it wasn’t ever-present in their lives, at hand at all times, day and night. iGen’s oldest members were early adolescents when the iPhone was introduced, in 2007, and high-school students when the iPad entered the scene, in 2010. A 2017 survey of more than 5,000 American teens found that three out of four owned an iPhone.

The advent of the smartphone and its cousin the tablet was followed quickly by hand-wringing about the deleterious effects of “screen time.” But the impact of these devices has not been fully appreciated, and goes far beyond the usual concerns about curtailed attention spans. The arrival of the smartphone has radically changed every aspect of teenagers’ lives, from the nature of their social interactions to their mental health. These changes have affected young people in every corner of the nation and in every type of household. The trends appear among teens poor and rich; of every ethnic background; in cities, suburbs, and small towns. Where there are cell towers, there are teens living their lives on their smartphone.

It could be that the widespread use of available technology to “virtualize” adolescence is at least to a degree a reaction to helicopter parenting.

H/T to Kate at Small Dead Animals for the link.

August 4, 2017

Experimental Lightweight Browning High Power

Filed under: Britain, Cancon, History, Military, USA, Weapons — Tags: , , , — Nicholas @ 02:00

Published on 3 May 2017

One of the handguns that resulted from the post-WW2 interest in standardizing arms among the future members of NATO was a lightweight version of the Canadian produced Browning High Power. Experiments began in 1947 to create first a lightened slide by milling out unnecessary material, and then additionally with the use of machined and cast aluminum alloy frames. The first major batch of guns consisted of six with milled alloy frames, with two each going to the Canadian, American, and British militaries for testing.

This would reveal that the guns were in general quite serviceable, except that the locking blocks tended to distort their mounting holes in the alloy frames under extended firing. The cast frames were generally unsuccessful, suffering from substantial durability problems. The program was cancelled in 1951 by the Canadian military, and the last United States interest was in 1952. The example in today’s video is one of the two milled frame guns sent to the US for testing.

August 1, 2017

Justin Trudeau and “the uncritical puffery that is passing for political journalism”

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

In the Washington Post, Jen Gerson says that the hero worship from the US media is making it harder to hold the Prime Minister to account for his actions:

As a Canadian, I’m not surprised that the American news media and the Internet are saturated by swooning profiles. The Rolling Stone cover story “Why Can’t He Be Our President” was only the most recent example. Shortly after Trudeau was elected, Vogue fawned: “The New Young Face of Canadian Politics” — despite the fact that he was neither new nor particularly young. Business Insider noted that he looked like a “Disney prince.” Vanity Fair seems to have a Trudeau vertical. US Weekly: “Canada’s New Prime Minister is Super Hot.” He even inspired the quintessential BuzzFeed piece: “Literally Just 27 Really Hot Photos of Justin Trudeau.” CNN’s headline sums up the trend: “Justin Trudeau, ‘the anti-Trump,’ shows U.S. Canada’s progressive, diverse face,” which was a particularly impressive take, considering Trudeau is a white man and the son of a previous Canadian prime minister — making him pretty close to the embodiment of a nascent hereditary political establishment in Canada.

Please stop.

Although Trudeau has proved to be a powerful public relations coup for my country, the political erotica now streaming from the southern border is embarrassing, shallow and largely misses the mark. Trudeau is not the blue-eyed lefty Jesus, and the global affection for him — and for the progressive politics that he and this country seem to represent — presents a puerile and distorted vision of Canada and its political culture. Worse, the uncritical puffery that is passing for political journalism only makes it harder to hold the man to account.

[…]

The most stinging truth about Trudeau is that he hasn’t done much at all. He came into power an avatar of youthful Canadian optimism and has squandered one of the most extraordinary honeymoon periods any politician has had in recent memory. The best that can be said of his accomplishments is that he has tripled his promised deficits, promised deferred tax increases on the wealthy and almost legalized marijuana — although it will be up to the provinces to sort out that mess.

Trudeau promised Camelot and delivered, well, Ottawa.

Ottawa is okay. It’s better than some places and worse than others. Next to the swamp of Washington, the Rideau Canal is idyllic. But let’s not valorize the man who happens to preside over it during a time of national embarrassment for the United States. Canadians have rewarded Trudeau with mediocre poll numbers, typically hovering at between a 50 percent and 60 percent approval rating.

Yes, he’s the poster boy for Brand Canada, and a good one. Perhaps someone who is charming and affable is precisely what Canada needs as key alliances and treaties such as NATO and NAFTA come under threat. But his real talent lies not in government but in showmanship. At least on that front, that Trump and Trudeau have something in common.

July 31, 2017

“If you’re wondering where Anthony Scaramucci learned to talk and behave […] ask him how many times he’s seen Glengarry Glen Ross

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

Anthony Scaramucci is doing his very best impression of “Blake”, says Kevin Williamson:

Glengarry Glen Ross is the Macbeth of real estate, full of great, blistering lines and soliloquies so liberally peppered with profanity that the original cast had nicknamed the show “Death of a F***ing Salesman.” But a few of those attending the New York revival left disappointed. For a certain type of young man, the star of Glengarry Glen Ross is a character called Blake, played in the film by Alec Baldwin. We know that his name is “Blake” only from the credits; asked his name by one of the other salesmen, he answers: “What’s my name? F*** you. That’s my name.” In the film, Blake sets things in motion by delivering a motivational speech and announcing a sales competition: “First prize is a Cadillac Eldorado. Second prize? A set of steak knives. Third prize is, you’re fired. Get the picture?” He berates the salesmen in terms both financial — “My watch cost more than your car!” — and sexual. Their problem, in Blake’s telling, isn’t that they’ve had a run of bad luck or bad sales leads — or that the real estate they’re trying to sell is crap — it is that they aren’t real men.

[…]

These guys don’t want to see Alec Baldwin in Glengarry Glen Ross. What they want is to be Blake. They want to swagger, to curse, to insult, and to exercise power over men, exercising power over men being the classical means to the end of exercising power over women, which is of course what this, and nine-tenths of everything else in human affairs, is about. Blake is a specimen of that famous creature, the “alpha male,” and establishing and advertising one’s alpha creds is an obsession for some sexually unhappy contemporary men. There is a whole weird little ecosystem of websites (some of them very amusing) and pickup-artist manuals offering men tips on how to be more alpha, more dominant, more commanding, a literature that performs roughly the same function in the lives of these men that Cosmopolitan sex tips play in the lives of insecure women. Of course this advice ends up producing cartoonish, ridiculous behavior. If you’re wondering where Anthony Scaramucci learned to talk and behave like such a Scaramuccia, ask him how many times he’s seen Glengarry Glen Ross.

What’s notable about the advice offered to young men aspiring to be “alpha males” is that it is consistent with the classic salesmanship advice offered by the real-world versions of Blake in a hundred thousand business-inspiration books (Og Mandino’s The Greatest Salesman in the World is the classic of the genre) and self-help tomes, summarized in an old Alcoholics Anonymous slogan: “Fake it ’til you make it.” For the pick-up artists, the idea is that simply acting in social situations as though one were confident, successful, and naturally masterful is a pretty good substitute for being those things. Never mind the advice of Cicero (esse quam videri, be rather than seem) or Rush — just go around acting like Blake and people will treat you like Blake.

If that sounds preposterous, remind yourself who the president of the United States of America is.

Trump is the political version of a pickup artist, and Republicans — and America — went to bed with him convinced that he was something other than what he is. Trump inherited his fortune but describes himself as though he were a self-made man.

Update: I guess he came in third.

Craft brewers are good examples of “evasive entrepreneurs”

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

Rosemarie Fike explains why craft brewers almost always push tours of their premises and souvenir glasses, mugs, coasters, and T-shirts:

This summer I’ve been enjoying a lot of microbrewery tours — even though the main attraction isn’t the “tour” I pay for, but the free beer that comes with it. In fact, the breweries must know that’s why people come. So why don’t they just drop this tour façade and sell us the beer?

Regardless of which brewery you visit, you pay a mere $10 for a pint glass with the brewery’s logo on it. As a thank you for purchasing the pint glass, they then grant three tickets you can redeem for free “samples” — which are actually full-sized beers.

There are also usually food vendors and live music. This atmosphere combined with the inexpensive libations draw sizeable crowds to these “tours” — where only a handful of patrons actually tour the facility.

But why do the breweries insist upon selling us the pint glasses, when most of us only really want what goes inside?

In conversation with the brewery owners, I learned that the breweries in my town aren’t legally allowed to sell beer directly to consumers in the way a bar can. But there’s nothing in the law preventing them from giving their product away.

In response to those incentives, they sell customers a pint glass (or charge them for the “tour”) and rent some of their property out to food vendors to subsidize the cost of getting their product into the hands of eager consumers without technically charging them for it.

It’s far from an ideal situation for these businesses, but it allows them to introduce new people to their product and to earn some revenue in the process — even if it’s less revenue than they could earn if they were allowed to just sell people the beer. It’s a clever arrangement and a perfect example of evasive entrepreneurship.

QotD: Naming Mount McKinley as an amusing “up yours” gesture

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

Just one thing makes me regret the change. “Mount McKinley” was originally named as a amusing “up yours” gesture with which I have enormous sympathy.

The story told by the prospector who pinned the moniker on the mountain is that he had crossed paths in the wilds of Alaska with two advocates of “free silver.” This was a political craze that, like the Dreyfus Affair or the Sacco-Vanzetti trial, took over an entire civilization for a while, but now defies easy explanation. The “silverites” were Western populists and farmers who wanted silver to be accepted as currency and minted into coin “freely” by the government, as gold then was — but at a face price far above silver’s market value. This would have expanded the money supply explosively, letting the chronically indebted off the hook.

Most economists now regard the silverites as having had a ridiculous answer to real problems with a gold standard. But the important point is that the prospector, Frank Dickey, ran into classic monetary cranks of a type that still exists. And he had done so in a unique situation which permitted no immediate escape. One shudders upon envisioning such a hell.

Dickey got so tired of his companions’ laborious tirades — one imagines them arguing with him long, long after he had stopped arguing back — that when they ran across an impressive mountain, he immediately decided to name it after the new presidential nominee McKinley, Great Satan of the silverites. As the Secretary of the Interior’s Order No. 3337 points out, William McKinley never visited or had any other connection with the mountain, or with Alaska. He was, for Dickey’s purposes, a punchline.

Colby Cosh, “Mount McKinley was a most amusing ‘up yours’ aimed at monetary cranks”, National Post, 2015-09-01.

July 30, 2017

It’s time to eliminate the ethanol fuel mandate (and all those corporate welfare subsidies)

Paul Driessen explains why now might be the best time to get rid of the Renewable Fuel Standard (RFS) which requires a proportion of ethanol be incorporated/blended into almost all petroleum fuels in the US (Canada has similar requirements):

The laws require that refiners blend steadily increasing amounts of ethanol into gasoline, and expect the private sector to produce growing amounts of “cellulosic” biofuel, “biomass-based diesel” and “advanced” biofuels. Except for corn ethanol, the production expectations have mostly turned out to be fantasies. The justifications for renewable fuels were scary exaggerations then, and are absurd now.

Let’s begin with claims made to justify this RFS extravaganza in the first place. It would reduce pollution, we were told. But cars are already 95% cleaner than their 1970 predecessors, so there are no real benefits.

The USA was depleting its petroleum reserves, and the RFS would reduce oil imports from unstable, unfriendly nations. But the horizontal drilling and hydraulic fracturing (fracking) revolution has given the United States at least a century of new reserves. America now exports more oil and refined products than it imports, and US foreign oil consumption is now the lowest since 1970.

Renewable fuels would help prevent dangerous manmade climate change, we were also told. This assumes climate is driven by manmade carbon dioxide – and not by changes in solar heat output, cosmic rays, ocean currents and other powerful natural forces that brought ice ages, little ice ages, warm periods, droughts and floods. It assumes biofuels don’t emit CO2, or at least not as much as gasoline; in reality, over their full life cycle, they emit at least as much, if not more, of this plant-fertilizing molecule.

[…]

A little over 15 billion gallons of corn-based ethanol were produced in 2016 – but only 143 billion gallons of gasoline were sold. That means using all the ethanol would require blends above 10% (E10 gasoline) – which is why Big Ethanol is lobbying hard for government mandates (or at least permission) for more E15 (15% ethanol) gasoline blends and pumps. Refiners refer to the current situation as the “blend wall.”

But E15 damages engines and fuel systems in older cars and motorcycles, as well as small engines for boats and garden equipment, and using E15 voids their warranties. You can already find E15 pumps, but finding zero-ethanol, pure-gasoline pumps is a tall order. Moreover, to produce ethanol, the United States is already devoting 40% of its corn crop, grown on nearly 40 million acres – along with billions of gallons of water to irrigate corn fields, plus huge amounts of fertilizer, pesticides and fossil fuels.

Much of the leftover “mash” from ethanol distillation is sold as animal feed. However, the RFS program still enriches a relatively few corn farmers, while raising costs for beef, pork, poultry and fish farmers, and for poor, minority, working class and African families. Ethanol also gets a third less mileage per gallon than gasoline, so cars cannot go as far on a tank of E10 and go even shorter distances with E15.

The problem with getting rid of targeted subsidy programs is that the benefits are highly concentrated while the costs are widely dispersed. As a whole, the North American economies would benefit greatly from eliminating the RFS mandates, lowering overall fuel costs, improving international food availability, and reducing or eliminating crony capitalist benefits to “Big Ethanol”, but most individuals’ gains would be small — too small to gain much active support — and the current beneficiaries would have vast incentives to fight to the death to keep those subsidies flowing.

US Preparation – Alien Enemies Act – Franco-Prussian War I OUT OF THE TRENCHES

Filed under: Europe, History, Military, USA, WW1 — Tags: , , — Nicholas @ 04:00

Published on 29 Jul 2017

It’s time for the Chair of Wisdom again and this week Indy talks about US Preparations before reaching the battlefield, the Alien Enemies Act for German citizens in the US and the length of the Franco-Prussian War.

The Greenback cases

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

At Samizdata, Paul Marks discusses why it is so difficult to prevent governments from expanding their powers far beyond what the constitution may allow:

… a Constitution is only as good as the enforcement mechanisms to make sure it is obeyed – and as Luther Martin warned at the Constitutional Convention in Philadelphia, trusting government appointed judges to limit the powers of the very government that appointed them is a fatally flawed idea.

This is not a recent problem. Even in the 19th century the Supreme Court often ruled that the Federal Government has powers that the Constitution does NOT give it. For example the infamous “Second Greenback Case” where the Supreme Court, with newly appointed “justices” (appointed, in part, for this corrupt purpose) overturned the “First Greenback Case” where the court had declared, quite correctly, that the Federal Government has no power to print (or have printed) money – only to “coin money” (Article One, Section Eight of the Constitution of the United States) and that only gold or silver coin (not paper money) may be “legal tender” in any State (Article One, Section Ten of the Constitution of the United States). Nothing could be plainer than that paper money is unconstitutional – indeed the very reason the United States Constitution was written in the first place was to prevent the “not worth a Continental” paper money issued by the Continental Congress to finance its government – those who support the Articles of Confederation system forget that one of its fundamental flaws was that it allowed the government to print money, as it gave no reliable source of taxation to finance the United States Armed Forces. Without a large scale and professional armed forces there is no point in having a United States of America at all – and each State might as well go its own way till conquered by European powers in the 18th century or by the People’s Republic of China in the 21st century.

[…]

To return to the Greenback Cases… – Chief Justice Salmon P. Chase (the former “slaves lawyer” famous for his anti slavery legal work before the Civil War) de facto ruled that the Treasury Secretary during the Civil War had acted unconstitutionally in having money printed, even though the the Treasury Secretary of the time was Salmon P. Chase (himself). It is not necessary to recuse yourself if you intend, de facto, to find yourself guilty. However, more “justices” were added to the court – and the judgement (and the Constitution) was overturned. The argument being that no more paper money was being printed – it would gradually go over time, so there was no need to make a fuss… still less to declare that the “United States Dollars” in the pockets of people were just bits of paper with ink on them (not “money”).

In 1935 the Supreme Court de facto ruled (by five votes to four) that the Federal Government could steal all monetary gold and void all private and public contracts that had gold (or silver) clauses in the contracts. There was no Constitutional basis for this decision (none whatever – just “lawyer’s cant”) and the Federal Reserve notes declared valid money came from an organisation (the Federal Reserve system created in 1913) that the Congress had no Constitutional power to create. The Supreme Court, led by the Chief Justice, might as well have chanted “Death to America!” and “Hail Satan!” as they announced their judgement – as some of the dissenting judges pointed out. Thus the unconstitutional Credit Bubble financial system was pushed forward. The doubts of Luther Martin at the Constitutional Convention were vindicated – government appointed judges sitting without a jury can not be trusted.

July 29, 2017

Things to keep firmly in mind before investing in legalized marijuana markets

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

There will definitely be money to be made as more and more jurisdictions move to legalize marijuana, but it’s not going to be like soup raining down from heaven — it’s not going to be a simple as just grabbing a bucket:

Here are Coyote’s first three rules of business strategy:

  1. If people are entering the business for personal, passionate, non-monetary reasons then the business is likely going to suck. When I say “suck”, I mean there may be revenues and customers and even some profits, but that the returns on investment are going to be bad**. Typically, the supply of products and services and the competitive intensity in an industry will equilibrate over time — if profits are bad, some competitors exit and the supply glut eases. But if people really love the industry and do not want to work anywhere else and get emotional benefits from working there, there always tends to be an oversupply problem. For decades, maybe its whole history, the airline industry was like this. The restaurant industry is this way as well. The brew pub industry is really, really like this — go to any city and check the list of small businesses for sale, and an absurd number will be brew pubs.
  2. If the business is frequently featured in the media as the up and coming place to be and the hot place to work, stay away. Having the media advertising for new entrants is only going to increase the competitive intensity and exacerbate the oversupply problem that every fast-growing industry inevitably faces as it matures.
  3. Beware the lottery effect — One or two people who made fortunes in the business mask the thousands who lost money (Freakonomics had an article on the drug trade positing that it works just this way — while assumes the illegal drug trade makes everyone in it rich, in fact only a few really do so and the vast majority are and always will be grinders making little money for high risk). Even those people who made tons of money in hot businesses sometimes just had good timing to get out at the right time before the reckoning came. Mark Cuban is famous as an internet billionaire, but in fact Broadcast.com, which he sold for over $5 billion to Yahoo, only had revenues in its last independent quarter of about $14 million and was losing money (that’s barely four times larger than my small company).

When I was at Harvard Business School, the first two cases in the first week of strategy class were a really cool high-tech semiconductor fab and a company that makes brass water meters that are sold to utilities. After we had read the cases but before we discussed them, the professor asked us which company we would like to work for. Everyone wanted the tech firm. But as we worked through the cases, it became clear that the semiconductor firm had an almost impossible profitability problem, while Rockwell water meters minted money. I never forgot that lesson — seemingly boring industries could be quite attractive, and this lesson was later hammered home for me as I later was VP of corporate strategy for Emerson Electric, a company that was built around making money from boring but profitable industrial products businesses.

[…]

** You can tell I have classical training in business strategy because my goal is return on investment. One can argue, perhaps snarkily but also somewhat accurately, that there is a new school of thought that does not care about profitability, revenues, or return on investment but on getting larger and larger valuations from private investors based on either user counts or just general buzz. I am entirely unschooled in this modern form of strategy. However, the general strategy of getting someone to overpay for something from you is as old as time. I mentioned Mark Cuban but there are many other examples. Donald Trump seems to have made a lot of money from a related strategy of fleecing his debt holders.

QotD: Imposing “democracy”

Filed under: Government, History, Middle East, Quotations, USA — Tags: , , , , — Nicholas @ 01:00

To be fair, the British set up monarchies, in the hope that they would become constitutional monarchies (which were their experience of something that might actually get somewhere). Jordan seems to be succeeding; the Gulf states are so successful few want to change; and Egypt was derailed by the Soviets and Americans playing Cold War games. The French tried to set up republics (god knows why, their’s [had] never worked) in Syria, Lebanon, Tunisia, and other places. In the words of Dr Phil, ‘How’s that working out for you?’. The Americans successfully undermined the Egyptian and Iranian attempts to get constitutional monarchies off the ground, and celebrated the resulting republics… very briefly. The second in particular no longer looks a very clever move.

The latest American attempts to force republics on Afghanistan and Iraq have been absolute disasters.

Afghanistan might, might… have worked if the Americans had understood that such a tribalised society required a House of Lords of all the powerful tribal leaders and major clerics, to balance [the] elected representatives. (But of course it would still need some sort of monarch to make it work, because, as Machiavelli pointed out, you need 3 powers in balance, so any two can stop the third from dominating!).) Or they could just have a system where the two major components completely ignore each other while they compete for control, and leave an easy opening for the return of the Taliban.

Iraq might, might… have worked with a federal system of at least a dozen ethnically based states that each had two representatives to a senate that had the right to block the excesses of an elected house where a 50% majority could get revenge on everyone else for every slight since the death of the prophet. Or they could go for a more simplistic version of a republic, and get what they inevitably got.

Why couldn’t the Americans have kept their big fat ideologies out of it, as they largely did after the first Gulf War. Kuwait is no great shining beacon, but it doesn’t suffer from the American idealism that lead to Afghanistan, Iraq, Egypt and Iran!

Nigel Davies, “The ‘Arab Spring’, 1848, and the 30 Years War/s…”, rethinking history, 2015-09-19.

July 28, 2017

13 Reasons Jeff Sessions is a @$#/!

Filed under: Liberty, Politics, USA — Tags: , , , , — Nicholas @ 04:00

Published on Jul 27, 2017

Jeff Sessions is on the ropes with Donald Trump. Good.

The president is pissed because Sessions recused himself from the investigation of Russian attempts to influence the 2016 election. But here are a baker’s dozen of reasons to hate the attorney general, including his obsession with restarting the war on pot, his call to jack up mandatory minimums, and his support for civil asset forfeiture. Then there’s his lack of interest in due process, willingness to subvert state’s rights when they conflict with his desired outcome, and desire to lengthen prison terms for non-violent criminals. Also, he might be some kind of statist elf.
—–
During Sessions’ confirmation hearings, Democrats claimed the former Alabama senator was unfit for office because he was a racist, charges that were never really substantiated. But Sessions’ voting record and policy agenda are more than enough to disqualify him from being the nation’s top law enforcement officer.

Mostly Weekly is hosted by Andrew Heaton and written by Sarah Rose Siskind.

Edited by Austin Bragg and Sarah Rose Siskind.

Produced by Meredith and Austin Bragg.

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