I’ve updated the earlier report.
April 1, 2011
XM-25 man-packable cannon moves into production
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March 31, 2011
Calculating “Tax Freedom Day” for each state
The least-taxed five states have already celebrated their Tax Freedom Days: Mississippi, Tennessee, South Carolina, Louisiana, and South Dakota. Other states may wait as long as May 2:
Americans will spend an average of 28% of their income to pay federal, state and local taxes this year, the Tax Foundation said Wednesday.
That means you will need to work 102 days — more than three months — just to earn enough to pay your tax bill. So on April 12 you will be free of your 2011 tax burden.
This year’s “Tax Freedom Day,” as the Tax Foundation calls it, comes three days later than last year. Rising incomes — resulting in more income tax owed — are largely to blame for its late arrival, the organization said.
For Canadians, you can calculate your own personal Tax Freedom Day using the Fraser Institute’s customized web tool. If I lived in Alberta, for example, my Tax Freedom day would be May 13, but as I live in Ontario it’s actually May 27.
March 30, 2011
For the bacon fans
Restaurants have been known to capitalize on food trends, but few dare go as far as Denny’s:
Denny’s is bringing on the bacon.
The all-American diner is about to begin advertising a new limited-time menu of seven bacon-centric items for breakfast, lunch and dinner dubbed “Baconalia.” While the bacon trend has been several years in the making, the $548 million chain is capitalizing on it now because “we truly believe the bacon trend is here to stay” said John Dillon, VP-marketing and product development at Denny’s. “We’re not on the cutting edge, but, we’re really bringing it mainstream by being the first chain to offer it on a fully dedicated menu. No chain has embraced it like we have.”
Among the items included in Baconalia are Bacon Meatloaf, Ultimate Bacon Breakfast Triple Bacon Sampler — with, you guessed it, three kinds of bacon — as well as items that employ more unconventional uses for bacon, such as Bacon Flapjacks and the Maple Bacon Sundae, an ice-cream sundae with maple-flavored syrup and sprinkling of bacon. Mr. Dillon said that so far, the sundae has generated the most buzz and excitement.
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March 25, 2011
CNN: US government finance requires both spending cuts and tax increases
Jeanne Sahadi at CNN Money insists that the government can’t control the ballooning debt situation by spending cuts alone:
If lawmakers wanted to permanently freeze the debt held by the public at the today’s level — 62% of GDP — they would need to immediately cut spending by 35% or about $1.2 trillion, according to the Government Accountability Office. And those cuts would need to be permanent from hereon out.
How hard would that be?
Consider that in 2010, all of discretionary spending — including defense — totaled $1.35 trillion. In other words, to do deficit reduction all on the spending side means “you have to cut into the real meat,” said Roberton Williams, senior fellow at the Tax Policy Center.
Consider, too, how much fun lawmakers are having right now trying to negotiate spending cuts for this year alone. Their working range: Between $10 billion and $61 billion.
And here’s the kicker: Even permanently cutting $1.2 trillion today wouldn’t be the end of the story. Deficit hawks note that public debt at 60% is still well above the country’s historical average — which is below 40%. So more cutting would need to occur in subsequent decades.
The joker in the pack is that interest rates at the moment are incredibly low by historical standards. This is an aberration, not the “new normal”, and won’t last. If the government fails to take serious steps to reduce the debt now, it’s vanishingly unlikely that they’ll be able to avoid a default. It’s like running up a huge debt on a credit card with a low introductory interest rate: once the low interest period is over, the debt becomes payable at the higher interest rate. Pretending that tomorrow will never come is never a good planning strategy.
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March 24, 2011
Stone the CROWS: US Army’s next step to robotic combat
It may not herald a new droid army, but it’s a welcome development for front-line troops:
The Protec RWS is the key component of the U.S. Army CROWS (common remotely operated weapon stations). This idea of a remote control turret has been around for nearly half a century, but years of tinkering, and better technology, have finally made the remote control gun turret finally work effectively, dependably and affordably. This has made the RWS practical for widespread combat use. While some troops miss the greater feeling of situational awareness (especially being able to hear and smell the surroundings) you got as an old-school turret gunner, most soldiers and marines have adapted and accepted the new system. What it lacks in the smelling and hearing department, it makes up in terms of night vision and zoom. And it’s a lot safer.
CROWS is a real life saver, not to mention anxiety reducer, for troops who drive through bandit country a lot, and man the turret gun. You’re a target up there, and too often, the bad guys get you. Not with CROWS. The gunner is inside the vehicle, checking out the surroundings (with night vision, zoom and telephoto capabilities). CROWS also has a laser rangefinder built in, as well as a stabilizer mechanism to allow more accurate fire while the vehicle is moving. The CROWS systems (RWS, weapon and installation) cost about $260,000 each, and can mount a variety of weapons (M2 .50 caliber machine-gun, MK19 40-mm automatic grenade launcher, M240B 7.62mm machine-gun and M249 5.56mm squad automatic weapon). CROWS comes in several different configurations, based on weapon mounted and armor installed (light, at 74 kg/163 pounds, standard, at 136 kg/298 pounds and CROWS II, at 172 kg/379 pounds.) The heaviest version is usually used in MRAP (armored trucks) and has a better user interface, a thermal imager and sniper detection system.
By the end of 2006, there were about a thousand CROWS in service. There are now nearly 8,000. Many of the enemy fighters have seen Western or Japanese films featuring killer robots, and often think that’s what they are facing. The fear factor is real, and it helps. The accuracy of the fire, and uncanny speed with which the CROWS gun moves deliberately, is due to something few officers expected. The guys operating these systems grew up playing video games. They developed skills in operating computer systems (video games) very similar to the CROWS controls. This was important, because viewing the world around the vehicle via a vidcam is not as enlightening (although a lot safer) than having your head and chest exposed to the elements (and any firepower the enemy sends your way). But experienced video gamers are skilled at whipping that screen view around, and picking up any signs of danger.
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March 23, 2011
March 22, 2011
“He is kind of like a rock star, a nerdy professor, and your crazy uncle rolled into one”
Andrew Foy tries to place Ron Paul in the context of the modern Republican Party:
In his recent editorial “The Fighters vs. the Fixers,” appearing on National Review Online, Jonah Goldberg discussed what I suspect is his crop of contenders for the upcoming election: Tim Pawlenty, Mitch Daniels, Mitt Romney, Sarah Palin, Newt Gingrich, and Mike Huckabee. Considering that Paul smoked all of these candidates in the 2011 CPAC straw poll, where he garnered 30% of the vote, it was an odd choice to leave him out, and even more so when you account for the fact that Goldberg’s recently edited book Proud to be Right: Voices of the Next Conservative Generation featured several essays in which the authors expressed strong libertarian points of view.
Ah, but that CPAC straw poll was explained away as “Paultards” packing the event, which no other candidate would ever do, so the poll result was therefore invalid. Oh, and lots of chatter that Paul supporters would not be welcome to the next CPAC.
. . . Paul is an outspoken advocate of Austrian economics. Without being an economist myself, I would say that this economic school of thought argues against econometric models, state planning, bailouts, economic stimulus, and the monetary policy of the Federal Reserve. One of the hallmarks of Austrian economics, for which Hayek won a Nobel Prize, is the view that central banks create asset bubbles and hence the business cycle. Austrian economics predicted the recent housing collapse and economic recession when the mainstream economists and politicians, to whom we’re still wedded, were telling us that everything was “A-okay.”
In a 2007 address to the American Economic Association, Bernanke proclaimed, “The greatest external benefits of the Fed’s supervisory activities are those related to the institution’s role in preventing and managing financial crises. In other words, the Fed can prevent most crises and manage the ones that do occur.” A year later, we were mired in the biggest financial collapse since the Great Depression. While the great majority of politicians today (Democrats and Republicans) are happy to heed the advice and inflationary policies of the Fed, such as QE2, Paul is a lone voice in the wilderness crying foul. Conservatives should welcome his dissent.
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March 21, 2011
March 20, 2011
March 19, 2011
March 18, 2011
Tim Harford: The management lessons from the war in Iraq
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Ignoring death threats to politicians (but only on the right)
An interesting article at the Huffington Post on the relative media silence on the spate of death threats against Wisconsin politicians:
Why isn’t the mainstream media talking about the death threats against Republican politicians in Wisconsin?
Try to set aside whatever biases or preconceptions you might have for a moment and ask yourself why death threats against politicians aren’t considered national news, especially in the wake of the all too fresh shooting of Rep. Gabrielle Giffords and other bystanders. And there hasn’t just been one death threat, but a number of them.
Here’s an example and it’s real. According to Wisconsin State Department of Justice, authorities have found a suspect who admitted to sending the following email:
I want to make this perfectly clear. Because of your actions today and in the past couple of weeks I and the group of people that are working with me have decided that we’ve had enough. We feel that you and your republican dictators have to die. This is how it’s going to happen: I as well as many others know where you and your family live, it’s a matter of public records. We have all planned to assult you by arriving at your house and putting a nice little bullet in your head. However, this isn’t enough. We also have decided that this may not be enough to send the message. So we have built several bombs that we have placed in various locations around the areas in which we know that you frequent. This includes, your house, your car, the state capitol, and well I won’t tell you all of them because that’s just no fun. Since we know that you are not smart enough to figure out why this is happening to you we have decided to make it perfectly clear to you. If you and your goonies feel that it’s necessary to strip the rights of 300,000 people and ruin their lives, making them unable to feed, clothe, and provide the necessities to their families and themselves then We will “get rid of” (in which I mean kill) the 8 of you. Please understand that this does not include the heroic Senator that risked everything to go aganist what you and your goonies wanted him to do. The 8 includes the 7 senators and the dictator. We feel that it’s worth our lives becasue we would be saving the lives of 300,000 people. Please make your peace with God as soon as possible and say goodbye to your loved ones we will not wait any longer. Goodbye ASSHOLE!!!!
After the Giffords shooting, authorities have to take this sort of threat seriously. The media should too, even if the disturbed person who sent that email was motivated by exactly the kind of rhetoric that’s been used by many liberals against GOP officials over and over again during the Madison protests. And there are more threats floating around the internet, in varying degrees of scary and credible.
The Google search for the string “Wisconsin death threats” only returned 704 results for me this morning, and the only major media outlets represented on the first page were the Chicago Sun-Times and Fox News.
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