Sometimes I think that the Democratic Party learned everything it needs to know from The Godfather. In particular, I'm thinking about how Obama, like Carter, it stuck in a dynamic where he criticizes only our friends while kowtowing to our enemies. We can see this in Hillary Clinton's bizarre Apology 2009 tour of Asia and Russia (if I were a Clinton conspiracy nut, I'd swear that she purposely had "reset" mistranslated to distract our attention from how stupid the whole "Reset Button" idea was to start with) and the Administration's crawling to Castro and the Taliban (!), while going through that whole "Gordon who?" pantomime.
I understand how, following a series of (to them) logical steps the Democrats can convince themselves that their criticism of our friends is constructive and won't cost. At the same time, they believe that we could have peace in our time if we could only induce our adversaries (who are all, at bottom, rational people just like us who understandably resent our crimes against them) to talk. But why can't they step outside of this dynamic to realize that punishing our friends and rewarding our enemies will tend to make fewer of the former and more of the latter?
10 March 2009
08 March 2009
President Fudd
It's too early to declare the Obama Presidency a disaster, and there is still some justice to the complaint that Obama inherited his problems, but more and more we're seeing why it's a bad idea to elect Senators -- particularly young Senators with zero administrative experience -- president. The White House has completely failed at its most basic responsibility of staffing the new administration. George Bush had two months less than Obama and yet, on Inauguration Day, had a working administration. The other failures of the administration run from the catastrophic -- a commitment to raising taxes in the teeth of a recession -- to the merely incompetent -- the Treasury Secretary's inability to even pretend to know what he's doing -- to the burlesque -- the "reset" button (a stupid idea even if the State Department could speak Russian), giving Gordon Brown zone 1 DVDs, leaking the excuse that the reason Obama blew off Brown was his exhaustion at dealing with the economy.
All in all, it's hard to avoid the conclusion that were seeing Carter redux, bad policies implemented badly. Getting another "great" ex-president is small compensation for having to live through the 70s again, but if I were the Secret Service, I'd be on the look-out for wascally wabbits.
All in all, it's hard to avoid the conclusion that were seeing Carter redux, bad policies implemented badly. Getting another "great" ex-president is small compensation for having to live through the 70s again, but if I were the Secret Service, I'd be on the look-out for wascally wabbits.
25 February 2009
Pavement Panto, Synchronicity And Bounded Rationality
Shortly after reading Brit's brilliant exegesis of the Pavement Panto, I was listening to Dean Martin sing On The Street Where You Live:
Suddenly, Dean was singing his disdain for the Pavement Panto:
Now, obviously this is what we organizational scholars call retrospective sensemaking; the words have meaning for me because of the meaning that I bring to it. All synchronicity -- and all blogging -- is a function of what we notice and what we notice is a function of what's in the front of our brains at any particular moment. We have bounded rationality. From the vast stream of information that's constantly flowing past us we see only those things that we're primed to see. I'll see the pavement panto now that Brit has invented it and hear Dean sing about it only because I know about it. We are each a walking wavefront of experience.
Suddenly, Dean was singing his disdain for the Pavement Panto:
People stop and stare. They don't bother me.
For there's no where else on earth that I would rather be.
Let the time go by, I won't care if I
Can be here on the street where you live.
Now, obviously this is what we organizational scholars call retrospective sensemaking; the words have meaning for me because of the meaning that I bring to it. All synchronicity -- and all blogging -- is a function of what we notice and what we notice is a function of what's in the front of our brains at any particular moment. We have bounded rationality. From the vast stream of information that's constantly flowing past us we see only those things that we're primed to see. I'll see the pavement panto now that Brit has invented it and hear Dean sing about it only because I know about it. We are each a walking wavefront of experience.
20 February 2009
03 February 2009
Terrible News
From OJ comes news that Duck has passed away. I am feeling all the grief that we feel at the unexpected loss of a good friend.
Duck and I met once, IRL, over deli sandwiches in West Springfield, Mass., while he and Skipper were on their cross-country trek. But that is no measure of my regard for Duck.
Looking at that archives at BrothersJudd, I find that we had over 400 conversations on the great issues of the time, and evolution. I cannot easily accommodate myself to the loss of such a valuable sparring partner.
I can find no earlier interaction between us than this comment thread from February 2004. My first comment directed to Duck was:
But I win. I get to believe that Duck's essence continues on, albeit with great surprise.
I see that, as with all eulogies, this is more about me than Duck. But that makes sense, as I resent this death. We do not have so many good men that we can afford to spare one.
Duck and I met once, IRL, over deli sandwiches in West Springfield, Mass., while he and Skipper were on their cross-country trek. But that is no measure of my regard for Duck.
Looking at that archives at BrothersJudd, I find that we had over 400 conversations on the great issues of the time, and evolution. I cannot easily accommodate myself to the loss of such a valuable sparring partner.
I can find no earlier interaction between us than this comment thread from February 2004. My first comment directed to Duck was:
Robert has managed to articulate, as concisely as I've seen, what -- from a purely functional point of view -- I find so dangerous about American atheism: "As far as morality, I am influenced by my family and society, but in the end it is my conscience that has final say. I don't abdicate responsibility for my moral decisions."Not necessarily what I would have chosen to say had I known then what I know now.
In other words, and I think this is a fair summation, "I follow conventional morality, unless I don't like it." I understand that the atheists among us will object that I am trivializing the deeply affecting struggle with their own conscience, in which they draw from their own inner strength, without recourse to false gods, in order to triumph over temptation. They are entirely right -- I am trivializing it.
The reason I spoke of American atheism is that, when combined with our misunderstanding of democracy and classlessness, we quickly decide that we can't be judgmental. Even further, that the fact that some position is consistent with conventional religious morality makes it suspect.
Think about the gay marriage debate from the point of view of any time up to about the year 1997. The establishment Right's position is "Do whatever you want, live together, raise children together, come to what ever contractual arrangement you want; here, have civil union's, just don't call it 'marriage'." The Left's response? "Oh, you vile, oppressive bigots."
The point is that, human beings being what we are, we need an unchanging (well, very slowly changing) arbitrary code of behavior in order to stop us from doing what we want.
But I win. I get to believe that Duck's essence continues on, albeit with great surprise.
I see that, as with all eulogies, this is more about me than Duck. But that makes sense, as I resent this death. We do not have so many good men that we can afford to spare one.
31 January 2009
29 January 2009
It's Not What Bush Did, It's Who He Did It To
From todays Foreign Policy Morning Brief:
The Democrats' proposed $819 billion stimulus package was passed by the U.S. House of Representatives yesterday. Despite last-minute lobbying by President Barack Obama, not a single Republican voted for the package. The bill includes tax breaks, aid to states, and funding for infrastructure improvements, education, Medicaid, and alternative energy projects.Given all the transference and projection that has characterized BDS, it was almost inevitable that one of Obama's first big, signature policy achievements would violate our treaty obligations. Now, we wait for the left to concede that at least Bush was explicit in his repudiation of treaties while Obama is simply brazenly violating "international law."
A controversial "buy-American" provision in the bill would mostly bar foreign steel and iron from the infrastructure projects funded by the stimulus. Critics charge that this provision constitutes protectionism and could violate existing WTO agreements.
Meanwhile, the Senate's version of the bill is nearing $900 billion.
24 January 2009
Haven't Seen Much Discussion
Of the fact that all the ARMs that people were worried about and making fun of as obvious disasters in the making for home owners on a tight budget are resetting lower, saving mortgage-holders a lot of money.
23 January 2009
Might As Well Get It Out Of The Way
So, based on three days experience, it appears that President Obama is going to maintain Bush foreign/military policy while engaging in nationalization and social-engineering at home.
Hmm, military adventures in foreign nations; socialism at home. What discredited 20th century philosophies does that remind us of?
Hmm, military adventures in foreign nations; socialism at home. What discredited 20th century philosophies does that remind us of?
What A Difference A Day Makes
President Obama has asked that trials of inmates at Guantanomo Bay be suspended. The world applauds.
Can you imagine the reaction if President Bush, last week, had asked that the hearings be suspended? I suspect that the response would have been more on the "wiping his feet on the Constitution" side of the ledger.
This sort of thing, along with the "I pledge allegiance to Obama" video that AOG, among others, points us to, are pretty hard to take. I want to give President Obama a fair shot, but that doesn't mean I don't feel the pain of how he is treated compared to W, or that the creepy cult-of-personality stuff isn't worrying.
Can you imagine the reaction if President Bush, last week, had asked that the hearings be suspended? I suspect that the response would have been more on the "wiping his feet on the Constitution" side of the ledger.
This sort of thing, along with the "I pledge allegiance to Obama" video that AOG, among others, points us to, are pretty hard to take. I want to give President Obama a fair shot, but that doesn't mean I don't feel the pain of how he is treated compared to W, or that the creepy cult-of-personality stuff isn't worrying.
21 January 2009
Fortunately, I'm Not Looking For A Good Man
Refusing to have sex on the first date 'increases the chance of finding a good man': Prolonging the mating courtship increases a woman's chance of finding a "good" man, mathematicians have found (Kate Devlin, Telegraph.co.uk, 1/16/09)You've got to love that "prolonging."
Just Americans
I was struck by one portion of President Obama's Inaugural Address that I haven't seen mentioned elsewhere that did something that seems to me important, deliberate and profound:
Of course, if the prototypical American experience is one thing, and the prototypical African-American experience is fundamentally different, then what does that say about the position of African-Americans in America?
It seems to me that in the passage I quoted above, what President Obama is trying to do -- and what only President Obama can do -- is to normalize the black experience as part of the American experience. Whether they chose to do so, the slaves toiled for us. President Obama refers elsewhere in his speech to "our ancestors" and I think that this is part of the same effort.
When people convert to Judaism, it is said that it is as if they are descended from all the Jews who have come before them; they are the inheritors of Israel. American is, of course, the new Israel and we need to recognize, as President Obama wishes us to recognize, that it is as if we are all the inheritors of our American past. We are all the heirs of the slaves and we are all the heirs of the masters. In this way, at least, Obama's inaugural address captures the essence of Lincoln.
In reaffirming the greatness of our nation, we understand that greatness is never a given. It must be earned. Our journey has never been one of short-cuts or settling for less. It has not been the path for the faint-hearted - for those who prefer leisure over work, or seek only the pleasures of riches and fame. Rather, it has been the risk-takers, the doers, the makers of things - some celebrated but more often men and women obscure in their labor, who have carried us up the long, rugged path towards prosperity and freedom.The prototypical American experience is the immigrant experience. We take pride and draw strength from the fact that our fathers and mothers chose to endure unimaginable hardships, including permanent separation from everything and everyone they knew, to come to the United States and build a better life for their children. But if that is the prototypical American experience, it is not the experience of black Americans who did not choose, but were torn from their families and sold across the sea to lives spent as property and with their own children considered to be the property of others.
For us, they packed up their few worldly possessions and traveled across oceans in search of a new life.
For us, they toiled in sweatshops and settled the West; endured the lash of the whip and plowed the hard earth.
For us, they fought and died, in places like Concord and Gettysburg; Normandy and Khe Sahn. Time and again these men and women struggled and sacrificed and worked till their hands were raw so that we might live a better life. They saw America as bigger than the sum of our individual ambitions; greater than all the differences of birth or wealth or faction.
Of course, if the prototypical American experience is one thing, and the prototypical African-American experience is fundamentally different, then what does that say about the position of African-Americans in America?
It seems to me that in the passage I quoted above, what President Obama is trying to do -- and what only President Obama can do -- is to normalize the black experience as part of the American experience. Whether they chose to do so, the slaves toiled for us. President Obama refers elsewhere in his speech to "our ancestors" and I think that this is part of the same effort.
When people convert to Judaism, it is said that it is as if they are descended from all the Jews who have come before them; they are the inheritors of Israel. American is, of course, the new Israel and we need to recognize, as President Obama wishes us to recognize, that it is as if we are all the inheritors of our American past. We are all the heirs of the slaves and we are all the heirs of the masters. In this way, at least, Obama's inaugural address captures the essence of Lincoln.
20 January 2009
As Long As I'm Being Crabby
1. Whose bright idea was it to perform an overly ornate version of a song praising simplicity?
2. In what sense is the following a poem?
2. In what sense is the following a poem?
Each day we go about our business, walking past each other, catching each others' eyes or not, about to speak or speaking. All about us is noise. All about us is noise and bramble, thorn and din, each one of our ancestors on our tongues. Someone is stitching up a hem, darning a hole in a uniform, patching a tire, repairing the things in need of repair.
Someone is trying to make music somewhere with a pair of wooden spoons on an oil drum with cello, boom box, harmonica, voice.
A woman and her son wait for the bus.
A farmer considers the changing sky; A teacher says, "Take out your pencils. Begin."
We encounter each other in words, words spiny or smooth, whispered or declaimed; words to consider, reconsider.
We cross dirt roads and highways that mark the will of someone and then others who said, "I need to see what's on the other side; I know there's something better down the road."
We need to find a place where we are safe; We walk into that which we cannot yet see.
Say it plain, that many have died for this day. Sing the names of the dead who brought us here, who laid the train tracks, raised the bridges, picked the cotton and the lettuce, built brick by brick the glittering edifices they would then keep clean and work inside of.
Praise song for struggle; praise song for the day. Praise song for every hand-lettered sign; The figuring it out at kitchen tables.
Some live by "Love thy neighbor as thy self."
Others by first do no harm, or take no more than you need.
What if the mightiest word is love, love beyond marital, filial, national. Love that casts a widening pool of light. Love with no need to preempt grievance.
In today's sharp sparkle, this winter air, anything can be made, any sentence begun.
On the brink, on the brim, on the cusp -- praise song for walking forward in that light.
Oh, Great
Now we get four years of half the nation's whackadoos arguing that Barack Obama is not really the president because John Roberts screwed up the oath, and the other half screaming that the Chief Justice screwed up the oath on purpose for exactly that reason.
P.S.: At 7:50 pm on January 21, Drudge is flashing that President Obama has been re-sworn by the Chief Justice in the White House.
P.S.: At 7:50 pm on January 21, Drudge is flashing that President Obama has been re-sworn by the Chief Justice in the White House.
15 January 2009
12 January 2009
It's Time For Another Round Of Thoughtful . . . Or Creepy?
The guy in line at the grocery store who had two items, a bouquet of flowers and a large tub of "I can't believe it's not butter."
10 January 2009
Cancer Gene Becomes 100% Fatal: Progress Lauded
Breast cancer gene-free baby born (BBC.com, 1/9/09)
The first baby in the UK tested before conception for a genetic form of breast cancer has been born.
Doctors at University College London said the girl and her mother were doing well following the birth this week.
The embryo was screened for the altered BRCA1 gene, which would have meant the girl had a 80% chance of developing breast cancer.
08 January 2009
The Bomber's Veto
If we believe that:
If so, then Hamas can always torpedo a truce between the Palestinians and the Israelis, at least so long as Arab governments, including the PA, continue to use hatred of the Jews to distract their people from their own failure to secure life, liberty and the pursuit of happiness. If demography is really the Palestinian's friend, then Hamas can win, or at least convince itself that it can win, simply by preventing peace until such time as the Palestinians so greatly outnumber the Israelis that Israel's position becomes untenable. Of course, by preventing peace Hamas also keeps the Palestinians poor, so it's a self-reinforcing cycle.
So what can Israel do? It can decide to simply absorb the rocket attacks. This is, in fact, what it decides periodically, until the burden on its populace becomes too great. Since I think that this is an immoral abrogation of the basic responsibilities of government, I'm less than happy with this tactic.
It can wipe out Hamas. I'm generally skeptical of the "fighting terror only creates martyrs and recruits" argument. Al Qaeda has found that we can make enough martyrs to limit the number of recruits, or at least prevent them from doing anything constructive with the recruits they do get. But the Israelis, who have been calling and texting people living near their targets and telling them to seek shelter, including members of Hamas, are not willing to do what it takes to wipe out a popular movement mixed into a civilian population. This is another indication that, contrary to most people's expectations, the US -- following the Declaration of Independence -- is more ruthless than the Israelis.
The other possible solution is OJ's argument that the Israelis should let Hamas govern, with the expectation that it will fail. This is similar to the Anbar Awakening, in which seeing the future that AQ was trying to bring about up close and personal drove the Sunnis into alliance with us. The problem with this is two-fold. First, Hamas already has some experience delivering social and civil services. Second, whenever Hamas gets in trouble with the people, all it need do is lob a few rockets into Israel, leaving us back where we started.
There is another solution, of course. The federal government owns or managers 86% of the land in Nevada, some 61 million acres. Israel is less than 5.5 million acres. Let them make another desert bloom.
- People are born with certain inalienable rights;
- Among these rights are life, liberty and the pursuit of happiness; and
- People consent to government in order to protect these rights,
If so, then Hamas can always torpedo a truce between the Palestinians and the Israelis, at least so long as Arab governments, including the PA, continue to use hatred of the Jews to distract their people from their own failure to secure life, liberty and the pursuit of happiness. If demography is really the Palestinian's friend, then Hamas can win, or at least convince itself that it can win, simply by preventing peace until such time as the Palestinians so greatly outnumber the Israelis that Israel's position becomes untenable. Of course, by preventing peace Hamas also keeps the Palestinians poor, so it's a self-reinforcing cycle.
So what can Israel do? It can decide to simply absorb the rocket attacks. This is, in fact, what it decides periodically, until the burden on its populace becomes too great. Since I think that this is an immoral abrogation of the basic responsibilities of government, I'm less than happy with this tactic.
It can wipe out Hamas. I'm generally skeptical of the "fighting terror only creates martyrs and recruits" argument. Al Qaeda has found that we can make enough martyrs to limit the number of recruits, or at least prevent them from doing anything constructive with the recruits they do get. But the Israelis, who have been calling and texting people living near their targets and telling them to seek shelter, including members of Hamas, are not willing to do what it takes to wipe out a popular movement mixed into a civilian population. This is another indication that, contrary to most people's expectations, the US -- following the Declaration of Independence -- is more ruthless than the Israelis.
The other possible solution is OJ's argument that the Israelis should let Hamas govern, with the expectation that it will fail. This is similar to the Anbar Awakening, in which seeing the future that AQ was trying to bring about up close and personal drove the Sunnis into alliance with us. The problem with this is two-fold. First, Hamas already has some experience delivering social and civil services. Second, whenever Hamas gets in trouble with the people, all it need do is lob a few rockets into Israel, leaving us back where we started.
There is another solution, of course. The federal government owns or managers 86% of the land in Nevada, some 61 million acres. Israel is less than 5.5 million acres. Let them make another desert bloom.
05 January 2009
Barack Obama, The Perfect President
In one way, Barack Obama might be the perfect president: he was in the Senate, but not of it. He has no reason to feel any institutional loyalty, he wasn't there long enough to be coopted, and I suspect that he understands -- as all reasonably intelligent, reasonably impartial observers must understand -- that the Senate is a ridiculous institution and that Senators are, largely, pompous blowhards who, if they could do anything else, would. Spending any time at all with Joe Biden, who is what passes in the Senate for intelligent and well-informed (he almost certainly knows what century it is), can only underscore that message.
Thus, we see, thanks to OJ, that Obama didn't run his nominee for head of the CIA past Diane Feinstein, and she's now in a snit.
There are certain things that are true of the men who are elected President. One is that they want to be President. Barack Obama, like George W. Bush, doesn't see his allotted role as ushering in the re-animation of congressional governance. He's no more likely to run his nominees past the Senate grandees then George W. Bush, who was lectured by Harry Reid on the necessity of selecting his judicial nominees from a list provided by the Senate.
Does the Senate dare withhold its consent from the Democrat's anointed one? That's the beauty of it: the Senate dares nothing.
Thus, we see, thanks to OJ, that Obama didn't run his nominee for head of the CIA past Diane Feinstein, and she's now in a snit.
There are certain things that are true of the men who are elected President. One is that they want to be President. Barack Obama, like George W. Bush, doesn't see his allotted role as ushering in the re-animation of congressional governance. He's no more likely to run his nominees past the Senate grandees then George W. Bush, who was lectured by Harry Reid on the necessity of selecting his judicial nominees from a list provided by the Senate.
Does the Senate dare withhold its consent from the Democrat's anointed one? That's the beauty of it: the Senate dares nothing.
30 December 2008
Can Google Survive Its Success?
As I understand (admittedly dimly) Google's success is based on an algorithm that does a particularly good job ranking search results based upon how many other web pages link to it. But what happens now that no one finds anything on the web other than through Google? Now Google's algorithm must basically be to rank pages in the order that Google ranks them. I understand that now they're concentrating on getting every web page in the world into their servers multiple times, but that seems like a pretty low-return game.
26 December 2008
Happy Boxing Day
Today is Boxing Day, the day when, um, er, I have no idea (Ma'nish ta'na...).
Is it:
a) The day baby Jesus kicked the Wise Men's asses?
b) The day in England on which the servants are expected to wrap their presents from their masters?
c) A day for organising one's closet? Or,
d) A day in which the English go to "Pantomimes," which they watch from theatre boxes.
Whatever it is, let's all enjoy it. Holidays need no excuses.
Is it:
a) The day baby Jesus kicked the Wise Men's asses?
b) The day in England on which the servants are expected to wrap their presents from their masters?
c) A day for organising one's closet? Or,
d) A day in which the English go to "Pantomimes," which they watch from theatre boxes.
Whatever it is, let's all enjoy it. Holidays need no excuses.
25 December 2008
Christmas Conundrum
Trying to run a hierarchical linear model, I've discovered that my dependent variable, Return on Assets, is leptokurtotic. I can improve it somewhat by running a full model on the raw data, analyzing the residuals and dropping some outliers, but ROA is still leptokurtotic. A logit transform, which is supposed to reduce kurtosis, just makes things worse. It turns out that ROA, which is a very common dependent variable in Strategic Management, is almost always kurtotic because it violates the assumption of proportionality; that is, the relationship between net income and total assets is non-linear.
What is kurtosis? Here's a picture of leptokurtotic data plotted against a normal curve:

What makes it kurtotic is that it is "peakier" than the normal curve. Why should we care? Because the most common statistical methods assume that the residuals of the dependent variable (how far each point is from the predicted value) are normally distributed. If they aren't, then the estimate of how likely it is that a particular result found in a particular sample is chance rather than real is unreliable. Since that's all that statistics do, that's a problem. So, for example, if researchers assume that headaches are distributed normally in the population but they're not, then a treatment that seems effective might not be.
More to the point, some economists think that Long Term Capital Management failed because its models assumed that certain financial measures, like Return on Assets, were normally distributed when they're not. At least one economist has argued that the Black-Scholes option pricing model, which is related to the LTCM model is also wrong for the same reason. Since Black-Scholes and other, related, models are the basis for most modern finance, that implies that people pricing the risk of various financial instruments without much of a history might have assumed that Return on Assets, etc., are normally distributed. Because, contrary to this assumption, ROA is leptokurtotic, the models might have overestimated the expected return on investment, underestimated the risk and mispriced the instruments.
In other words, the fact that ROA is leptokurtotic is a possible explanation, and a more satisfying explanation than most out there, for the sub-prime mortgage and CDS implosion.
What is kurtosis? Here's a picture of leptokurtotic data plotted against a normal curve:

What makes it kurtotic is that it is "peakier" than the normal curve. Why should we care? Because the most common statistical methods assume that the residuals of the dependent variable (how far each point is from the predicted value) are normally distributed. If they aren't, then the estimate of how likely it is that a particular result found in a particular sample is chance rather than real is unreliable. Since that's all that statistics do, that's a problem. So, for example, if researchers assume that headaches are distributed normally in the population but they're not, then a treatment that seems effective might not be.
More to the point, some economists think that Long Term Capital Management failed because its models assumed that certain financial measures, like Return on Assets, were normally distributed when they're not. At least one economist has argued that the Black-Scholes option pricing model, which is related to the LTCM model is also wrong for the same reason. Since Black-Scholes and other, related, models are the basis for most modern finance, that implies that people pricing the risk of various financial instruments without much of a history might have assumed that Return on Assets, etc., are normally distributed. Because, contrary to this assumption, ROA is leptokurtotic, the models might have overestimated the expected return on investment, underestimated the risk and mispriced the instruments.
In other words, the fact that ROA is leptokurtotic is a possible explanation, and a more satisfying explanation than most out there, for the sub-prime mortgage and CDS implosion.
23 December 2008
Recommendations
Of all the different ways of listening to music on the internet, I've listening to Pandora. Basically, you choose a genre, artist or song you like and Pandora picks out features of that song that it looks for in other songs. At the moment, I've just started a "Fred Smith" channel and Pandora is looking for songs that have "folk rock qualities, extensive vamping, acoustic sonority, major key tonality and a breathy male lead vocalist." Well worth suffering through their affectation that they've identified musical DNA.
A Pirate Premium?
Does anyone know why, over the last week or so, the WTI Cushing price for a barrel of oil has started trading at a $5-$10 dollar discount to the other spot markets?
Festivus Comes Early
Via Ann Althouse, I see that the New York Times printed a letter to the editor from the Mayor of Paris lamenting the anti-democratic nature of Caroline Kennedy's possible appointment to the Senate. It reeks, he implies, of American decline.
The letter is a fake.
Now, on to the feats of strength.
The letter is a fake.
Now, on to the feats of strength.
21 December 2008
Timing The Surge
When it does become time to judge George W. Bush's presidency, one big question will concern the timing of the surge. If it could have been done successfully earlier, than it should have been. If it had to wait for AQiM to prove to the Sunnis what vicious idiots they were, then it couldn't have been done much sooner.
19 December 2008
Rick Warren At The Inauguration
First thought: If McCain had won and invited Warren, the progressive left would have told us about how this just proves that Obama would have been so much better.
Second thought: For the left, this is just like how it would have been for the right if McCain had invited Rev. Wright to give the invocation.
Third thought: That's exactly what McCain would have done.
Second thought: For the left, this is just like how it would have been for the right if McCain had invited Rev. Wright to give the invocation.
Third thought: That's exactly what McCain would have done.
What Does Democracy Do?
There are three possible justifications for democracy (including representative democracy):
There's some truth to all of this, but each thesis has different policy implications. If the kindergarten thesis is right -- given the chance, the American people will do the right thing -- then we care about information flow and informed voters. We want to think about things like poll taxes or literacy tests, and we want to force the candidates to make public their specific plans. We care about campaign promises the same way we care about product warranties and fitness for a particular purpose. Parliamentary systems tend to follow this model.
In the Jeffersonian thesis, we're more interested in the people running for office than in what they plan to do. We want exposure to the candidates personality so that we can judge what kind of people they are, rather than their specific plans for specific problems. This is a pretty good positive description of the current system in which we make the candidates spend two years working long hard hours debating, eating corn dogs, giving speeches, going on Letterman, writing (or putting their name to) articles in Foreign Affairs, etc.
In the black box model, all we need as a decision. We don't have to know or care how that decision was arrived at. Random works fine, so long as all the actors agree to be bound by the decision. the black box thesis doesn't have much to say about the campaign, but it loves the Electoral College in which even a random and ambiguous close vote is translated into a clear win.
I find, as I get older, that I become more attracted to the black box thesis. Given that we need to have a president, for example, and that he needs to be the clear winner, an election is as good a way to choose him as any and better than most. At that point, retrospective sense making and our psychological need to see ourselves in control of our fate will kick in and we'll all agree that he is the legitimate leader, chosen by the Jeffersonian electorate. (And, if push comes to shove, G-d won't let anything too bad happen to us.)
(We can also add the Bismark corollary, which says that it doesn't really matter how we choose our leaders because G-d's going to take care of us anyway, but I assume that it's obvious why the less we talk about that, the better.)
- The people, corporately, make good decisions (which I'll call the "kindergarten thesis");
- Election to office lends legitimacy from the sovereign people to our temporary leaders (the "Jeffersonian theis"); or
- We need to get our leaders somewhere and voting beats accident of birth or force of arms (the "black box thesis").
There's some truth to all of this, but each thesis has different policy implications. If the kindergarten thesis is right -- given the chance, the American people will do the right thing -- then we care about information flow and informed voters. We want to think about things like poll taxes or literacy tests, and we want to force the candidates to make public their specific plans. We care about campaign promises the same way we care about product warranties and fitness for a particular purpose. Parliamentary systems tend to follow this model.
In the Jeffersonian thesis, we're more interested in the people running for office than in what they plan to do. We want exposure to the candidates personality so that we can judge what kind of people they are, rather than their specific plans for specific problems. This is a pretty good positive description of the current system in which we make the candidates spend two years working long hard hours debating, eating corn dogs, giving speeches, going on Letterman, writing (or putting their name to) articles in Foreign Affairs, etc.
In the black box model, all we need as a decision. We don't have to know or care how that decision was arrived at. Random works fine, so long as all the actors agree to be bound by the decision. the black box thesis doesn't have much to say about the campaign, but it loves the Electoral College in which even a random and ambiguous close vote is translated into a clear win.
I find, as I get older, that I become more attracted to the black box thesis. Given that we need to have a president, for example, and that he needs to be the clear winner, an election is as good a way to choose him as any and better than most. At that point, retrospective sense making and our psychological need to see ourselves in control of our fate will kick in and we'll all agree that he is the legitimate leader, chosen by the Jeffersonian electorate. (And, if push comes to shove, G-d won't let anything too bad happen to us.)
18 December 2008
And You Think We Have Problems
This has got to be the weirdest comment thread I've ever read, including on Screw Loose Change.
No Logic Please, We're American
OJ points us to an article arguing that the Europeans hate us because of our freedoms. Of course, the terrorists hate us because of our freedoms, too. So, as we all suspected, Europeans are terrorists.
14 December 2008
"So what if a guy threw his shoe at me,"
George W. Bush is, in the end, probably not a great president. He is a little too dismissive of the bully pulpit to qualify as great, a characteristic failing of his family. Supposedly, his grandmother once complained that George H.W. Bush was talking about himself too much in one of his campaigns and this reticence, odd in a family that gave us two presidents, seems to have affected W. as well. It is also, I suspect, partly how Laura likes it and partly an entirely laudable effort not to be Bill Clinton.
He has been, however, the perfect president for me. For better or worse, if I were designing a president, I'd end up with George W. Bush. And I for one will dearly miss a president who's reaction to having a shoe thrown at him is "So what?"
He has been, however, the perfect president for me. For better or worse, if I were designing a president, I'd end up with George W. Bush. And I for one will dearly miss a president who's reaction to having a shoe thrown at him is "So what?"
12 December 2008
Today's "Don't We Know Too Much About Each Other For Strangers" Quiz
James Lileks points us to a mystery cartoon that uses the phrase "A drug on the market."
Name the only other context in which I've heard this phrase.
Well, I guess I don't know you people as well as I thought:
Name the only other context in which I've heard this phrase.
Well, I guess I don't know you people as well as I thought:
At another table a very well-dressed WOMAN talks to a MOOR. She has a bracelet on her wrist. No other jewelry.Casablanca, 1942.WOMAN
But can't you make it just a little more? Please.
MOOR
I'm sorry, Madam, but diamonds are a drug on the market. Everybody sells diamonds. There are diamonds everywhere. Two thousand, four hundred.
WOMAN
All right.
11 December 2008
What's Really Disturbing About This:
This is becoming a terrible week for the US newspaper industry. On Monday, the Tribune Company, which owns the Chicago Tribune and the Los Angeles Times, filed for bankruptcy. The New York Times Company followed by saying it might mortgage its Renzo Piano-designed headquarters building by Times Square to reduce debt.is that it's from the Financial Times. It is, of course, from an article about the importance of the rock-solid reporting we get from The New York Times, the Wall Street Journal and the Financial Times.
There Are Only Three Successful Arguments In American Politics
1. God wants us to do this.
2. It's for the children.
3. This might lead to war.
(I would link to the Daily Duck piece that got me going down this track, but I can't reach the Daily Duck at the moment.)
2. It's for the children.
3. This might lead to war.
(I would link to the Daily Duck piece that got me going down this track, but I can't reach the Daily Duck at the moment.)
09 December 2008
A Conundrum
One months ago, the yield on the 5-year Treasury note was 2.51%. Today the yield is 1.61%. Over the same period, the price of a Credit Default Swap for the 5-year Treasury, basically insurance against the Treasury not paying off, has risen to $60 per $10,000 insured from $35.70, an increase of 68%. (A year ago, the cost was $8.00 per $10,000.) In other words, the risk has gone up while the yield has gone down. Generally, so much money is flooding into Treasuries that short-term notes are trading at essentially 0, and some have a negative real yield (that is, the interest paid is less than inflation). Anyone want to offer an explanation?
06 December 2008
Peter Responds
With the, ur, "short" version. Hey, I report, you decide:
1) With 38% of the popular vote, Harper wins a strong minority government in October in a field of five parties, four of a leftist bent. He is twelve seats short of a majority. He wins his first confidence motion, but then clumsily issues a budget statement with controversial budget cuts including one that will reduce the funding base of the other parties. Harper has a lot of strengths, but overt petulant partisanship is his Achilles Heel.
2) Completely out of the blue, the three opposition parties (the Greens won no seats), including the separatist-in-principle-but-we-promise-not-until-some-vague-future-date-we-need-not-specify-now Bloc Quebecois that has never been included in government in any way, announce a Liberal/NDP (socialist)coalition with promised Bloc support that moves non-confidence and announces it is ready to govern when the Cons are defeated. They then argue that the Governor-General, the royal representative, is constitutionally obliged to invite them to form a government and refuse Harper's request for an election because we just had one. They are all broke from the last election and only the Tories are in good financial health. Several constitutional experts, who finally get their fifteen minutes of fame after spending many lonely years mastering arcane legal/historical stuff nobody gives a crap about, agree. Pandemonium, because there are only days to the motion. Harper, who controls the parliamentary agenda, adjourns it for a week to Dec 8th.
3) The week is crazy and increasingly very disturbing because the rhetoric moves to overheat and everybody is nakedly partisan at a time the country wants steady-as-she-goes leadership. It becomes apparent the coalition was in the works long before the budget statement. Harper offers to backtrack on the most controversial items, but there is no stopping them now. Trouble is, the Liberal leader is an unpopular wimp who blew the election and resigned a few days later, effective a leadership convention next May that already has several declared candidates out campaigning, so who will the new PM be? It has to be a Liberal because they have by far the most seats, but they have no credible leader. Internal uncertainty and tensions about that surface until it is decided he will anyway, which does the coalition no good at all in popular support;
4) The big issue seems to be whether the GG, who rushes home from a diplomatic sojourn in Europe, will grant the election it is presumed Harper will ask for because it looks like he might cream the leaderless Libs. Never in my life have so many Canadians learned so much about the fabled royal perogative. Brit will know all about this, but basically the Crown does what the Government requests and advises 99.99999% of the time. However, there are theoretical reserve powers to act independantly if Parliament is being subverted or in times of crisis;
5) Then it starts to become clear Harper will not wait for the vote, but will instead ask the GG to prorogue Parliament (formally ending the session which requires royal assent, as opposed to just adjourning for a few weeks which the House decides itself by majority vote) before so everybody can take a Valium until late January. Same wild debate as to whether she is compelled to agree just weeks after the last election and with a theoretical alternative government to call on. Constitutional experts get a second fifteen minutes of fame. The coalition screams about subverting democracy and governing as a dictator, yada, yada. It first looks like Harper's move is a cowardly dealing from the bottom of the deck, but as everybody starts to get alarmed by the turmoil and alternatives, support for it grows because the alternatives (coalition government or another election) are both so unpopular. Everybody, including me, starts thinking: "This is neither fun nor funny anymore."
6) It would take too long to explain, but the mess is terribly divisive and divides the country badly, both politically and regionally. Pundits work 24/7. Disgust for politicians and the process spikes. The public wants cooperation and statesmanship has other things on their minds like keeping their jobs. The coalition really hasn't got its act together because they hate and distrust one another personally as much as they hate the Tories publically.
7) Thursday the GG grants the request to prorogue and the air rushes out of the balloon. National polls start to show strong anti-coalition feeling and Harper's support soars except in Quebec and show he would sweep to a majority. Uh-oh, nice play, Shakespeare. Dissension in the ranks of the left emerge and many say the coalition won't last. If just 12 of the opposition M.P.'s refuse to vote or vote with the Tories, it's game, set, match to Harper, and a few start questionning it publically. Leftist blogs start infighting about the disaster, which of course is all blamed on Tory lies and spin. The coalition starts to descend into buffoonery, such as failing to get the tape of it's leader's address to the nation to TV feed stations in Ottawa in time for specially scheduled national statements. A delicious, much-quoted quip from a radio talk show is that is looks like "Arrogance vs. The Three Stooges".
So, the country is going to take a break for a nice Christmas dinner and nobody has a clue about January. Harper is the clear winner but only in the relative context of an overall bilious disgust with politicians.
Finger-pointing all around, but we of the post-Judd Alliance all know that the real reason for this incredibly risky failed gambit is that conservative governments are offences against progress and the Enlightenment, if not history itself.
David: Actually, I'll put it down to what a bad idea Parliamentary government is.
1) With 38% of the popular vote, Harper wins a strong minority government in October in a field of five parties, four of a leftist bent. He is twelve seats short of a majority. He wins his first confidence motion, but then clumsily issues a budget statement with controversial budget cuts including one that will reduce the funding base of the other parties. Harper has a lot of strengths, but overt petulant partisanship is his Achilles Heel.
2) Completely out of the blue, the three opposition parties (the Greens won no seats), including the separatist-in-principle-but-we-promise-not-until-some-vague-future-date-we-need-not-specify-now Bloc Quebecois that has never been included in government in any way, announce a Liberal/NDP (socialist)coalition with promised Bloc support that moves non-confidence and announces it is ready to govern when the Cons are defeated. They then argue that the Governor-General, the royal representative, is constitutionally obliged to invite them to form a government and refuse Harper's request for an election because we just had one. They are all broke from the last election and only the Tories are in good financial health. Several constitutional experts, who finally get their fifteen minutes of fame after spending many lonely years mastering arcane legal/historical stuff nobody gives a crap about, agree. Pandemonium, because there are only days to the motion. Harper, who controls the parliamentary agenda, adjourns it for a week to Dec 8th.
3) The week is crazy and increasingly very disturbing because the rhetoric moves to overheat and everybody is nakedly partisan at a time the country wants steady-as-she-goes leadership. It becomes apparent the coalition was in the works long before the budget statement. Harper offers to backtrack on the most controversial items, but there is no stopping them now. Trouble is, the Liberal leader is an unpopular wimp who blew the election and resigned a few days later, effective a leadership convention next May that already has several declared candidates out campaigning, so who will the new PM be? It has to be a Liberal because they have by far the most seats, but they have no credible leader. Internal uncertainty and tensions about that surface until it is decided he will anyway, which does the coalition no good at all in popular support;
4) The big issue seems to be whether the GG, who rushes home from a diplomatic sojourn in Europe, will grant the election it is presumed Harper will ask for because it looks like he might cream the leaderless Libs. Never in my life have so many Canadians learned so much about the fabled royal perogative. Brit will know all about this, but basically the Crown does what the Government requests and advises 99.99999% of the time. However, there are theoretical reserve powers to act independantly if Parliament is being subverted or in times of crisis;
5) Then it starts to become clear Harper will not wait for the vote, but will instead ask the GG to prorogue Parliament (formally ending the session which requires royal assent, as opposed to just adjourning for a few weeks which the House decides itself by majority vote) before so everybody can take a Valium until late January. Same wild debate as to whether she is compelled to agree just weeks after the last election and with a theoretical alternative government to call on. Constitutional experts get a second fifteen minutes of fame. The coalition screams about subverting democracy and governing as a dictator, yada, yada. It first looks like Harper's move is a cowardly dealing from the bottom of the deck, but as everybody starts to get alarmed by the turmoil and alternatives, support for it grows because the alternatives (coalition government or another election) are both so unpopular. Everybody, including me, starts thinking: "This is neither fun nor funny anymore."
6) It would take too long to explain, but the mess is terribly divisive and divides the country badly, both politically and regionally. Pundits work 24/7. Disgust for politicians and the process spikes. The public wants cooperation and statesmanship has other things on their minds like keeping their jobs. The coalition really hasn't got its act together because they hate and distrust one another personally as much as they hate the Tories publically.
7) Thursday the GG grants the request to prorogue and the air rushes out of the balloon. National polls start to show strong anti-coalition feeling and Harper's support soars except in Quebec and show he would sweep to a majority. Uh-oh, nice play, Shakespeare. Dissension in the ranks of the left emerge and many say the coalition won't last. If just 12 of the opposition M.P.'s refuse to vote or vote with the Tories, it's game, set, match to Harper, and a few start questionning it publically. Leftist blogs start infighting about the disaster, which of course is all blamed on Tory lies and spin. The coalition starts to descend into buffoonery, such as failing to get the tape of it's leader's address to the nation to TV feed stations in Ottawa in time for specially scheduled national statements. A delicious, much-quoted quip from a radio talk show is that is looks like "Arrogance vs. The Three Stooges".
So, the country is going to take a break for a nice Christmas dinner and nobody has a clue about January. Harper is the clear winner but only in the relative context of an overall bilious disgust with politicians.
Finger-pointing all around, but we of the post-Judd Alliance all know that the real reason for this incredibly risky failed gambit is that conservative governments are offences against progress and the Enlightenment, if not history itself.
David: Actually, I'll put it down to what a bad idea Parliamentary government is.
02 December 2008
27 November 2008
We Were There First
Just wanted to point everyone to the new blog Secular Right, which features entirely different people having all our same old arguments. You'll all be glad to see that we do it better.
Happy Thanksgiving
It's nice to have one day a year in which we notice all of our blessings: family, friends, complete strangers we meet on the Internet, freedom from hunger, from want, from tyranny and from oppression.
Tomorrow is soon enough to complain about how the world is going to Hell and no one has ever had it as bad as we do.
Finally, thanks to all of you for doing that voodoo that you do so well.
As Brit reminds me, we should all remember to give thanks for the greatest blog thread ever.
Tomorrow is soon enough to complain about how the world is going to Hell and no one has ever had it as bad as we do.
Finally, thanks to all of you for doing that voodoo that you do so well.
As Brit reminds me, we should all remember to give thanks for the greatest blog thread ever.
25 November 2008
The Two Basic Questions Of Organization Science
1. Why do organizations look so similar?
2. Why do organizations look so different?
2. Why do organizations look so different?
24 November 2008
But, Seriously ...
What exactly is the justification for making Hillary Secretary of State? All the commentary I've read has been about the domestic politics of it all, but what exactly is Obama going to say to justify turning State over to Hillary? Does she have any relevant experience? Was he not paying attention during the whole Bullets in Bosnia fiasco? Remember when she went to the UN conference on the year of the woman and, um, er, did ... something, maybe?
11 November 2008
A Proof Of The Existence Of God
1. The concept "God" exists.
2. "Perfection" is an inseparable part of the conception of "God."
3. "Perfection" is that state of being that cannot be bettered.
4. A God that exists is better than a God that does not exist.
Therefore, God must exist.
(This is, of course, St. Anselm's ontological proof of the existence of God. All complaints should be directed to him.)
2. "Perfection" is an inseparable part of the conception of "God."
3. "Perfection" is that state of being that cannot be bettered.
4. A God that exists is better than a God that does not exist.
Therefore, God must exist.
(This is, of course, St. Anselm's ontological proof of the existence of God. All complaints should be directed to him.)
10 November 2008
Six Degrees Of Me
1. I used to comment at BrothersJuddblog so obsessively that OJ asked me to blog.
2. While blogging at BrothersJudd, I "met" Brit, who commented at BrothersJudd. Ultimately, Brit and I, throwing caution and commonsense to the wind, actually met in real life over drinks at a pub.
3. Brit introduced me to Bryan Appleyard's blog, which I read for a while but stopped reading when it became clear that it was a hotbed of anti-American propaganda. Brit commented so obsessively that Bryan asked him to substitute blogging while Bryan was away. While substitute blogging, Brit bemoaned the death of lunchtime drinking.
4. Andrew Sullivan linked to Brit's post, and did some moaning of his own.
5. Ann Althouse made fun of Andrew for being nostalgic for rampant alcoholism.
6. I often read Ann Althouse's blog, saw her post, linked through to Andrew Sullivan and saw his link to Brit.
Clearly, I invented the Internet.
2. While blogging at BrothersJudd, I "met" Brit, who commented at BrothersJudd. Ultimately, Brit and I, throwing caution and commonsense to the wind, actually met in real life over drinks at a pub.
3. Brit introduced me to Bryan Appleyard's blog, which I read for a while but stopped reading when it became clear that it was a hotbed of anti-American propaganda. Brit commented so obsessively that Bryan asked him to substitute blogging while Bryan was away. While substitute blogging, Brit bemoaned the death of lunchtime drinking.
4. Andrew Sullivan linked to Brit's post, and did some moaning of his own.
5. Ann Althouse made fun of Andrew for being nostalgic for rampant alcoholism.
6. I often read Ann Althouse's blog, saw her post, linked through to Andrew Sullivan and saw his link to Brit.
Clearly, I invented the Internet.
07 November 2008
He's Just Crazy Enough To Do It.
Palin calls attacks 'cruel' and 'cowardly' (CNN, 11/07/08)
Alaska Gov. Sarah Palin called former aides of Sen. John McCain "jerks" for circulating unflattering stories about her since the Republican ticket lost its bid for the White House Tuesday.The McCain aides spreading stories about Gov. Palin apparently missed this point of this scene from Blazing Saddles. How can anything bad they say about the Gov. not reflect worse on Senator McCain, who was, after all, singly responsible for choosing her as his running mate?
Hoisted
One of the things about the Obama campaign that really struck me was the extent to which his supporters assumed that he was lying. On a series of issues, people supported him even though his professed position on important policy matters didn't jibe with theirs. "Well," they would say patronizingly when called on this, "you don't understand. He has to say that to get elected." This is a really fascinating way to deal with cognitive dissonance.
The best example of this, because it is the example on which Obama wavered least, is gay marriage. Obama does not support gay marriage because, as a Christian, he believes that God mandated that marriage be between a man and a woman.
Well, I don't know what anyone "really" believes. I only know what they say and what presidential candidates say makes a difference. Obama won California and so did Proposition 8, and the two things probably aren't unconnected. According to exit polls, blacks and Latinos were 28% of the electorate and both voted for Proposition 8, blacks by better than two to one (70% yes, 30% no). The census bureau estimated that blacks were only 6.7% of the California population in 2006 while Hispanics are 36%. Clearly Proposition 8 wouldn't have passed without black and Latino votes.
The best example of this, because it is the example on which Obama wavered least, is gay marriage. Obama does not support gay marriage because, as a Christian, he believes that God mandated that marriage be between a man and a woman.
"I'm a Christian, and so although I try not to have my religious beliefs dominate or determine my political views on this issue, I do believe that tradition and my religious beliefs say that marriage is something sanctified between a man and a woman," Obama said.Nonetheless, liberals and the left assume that he can't really believe this but is only saying it to avoid alienating voters.
Well, I don't know what anyone "really" believes. I only know what they say and what presidential candidates say makes a difference. Obama won California and so did Proposition 8, and the two things probably aren't unconnected. According to exit polls, blacks and Latinos were 28% of the electorate and both voted for Proposition 8, blacks by better than two to one (70% yes, 30% no). The census bureau estimated that blacks were only 6.7% of the California population in 2006 while Hispanics are 36%. Clearly Proposition 8 wouldn't have passed without black and Latino votes.
06 November 2008
It's Great To Be An American
Filled up the tank this afternoon at $1.95 a gallon. For our unfortunate non-American readers (but I'm redundant) that's 78 cents/50p/.60 Euros per liter. They told me that if Obama were elected my dearest dreams would come true, and they were right.
Time To Kiss The Nurse

For reasons both creditable and less creditable, conservatives are reluctant to admit that we've won the war on terror. The time to declare victory has come. There have been no deaths due to hostile fire in Iraq since October 24; Al Qaeda is in disarray and all that's left to us, for the time being, is mopping up operations. It's true that the mopping up will go on for years and around the globe, but we have destroyed Al Qaeda as an effective fighting force. (By "we," I mean George Bush, but that's another blog post.)
This week's election makes clear that Americans have moved past the war. Even the anti-war left has given up complaining about the war. Iraq was supposed to be the big issue that would propel Obama to victory. As it happened, Iraq was barely mentioned and an entirely different big issue propelled Obama to victory.
The obvious rejoinder to this is that this isn't victory; this is a return to September 10. I have some sympathy for that position, but I really don't think that we're about to be attacked. Even if Al Qaeda, or whomever, had the ability to mount another 9/11 attack, I assume they recognize why that's a bad idea. On the other hand, I think we have returned to August 6, 1998. Attacks on our allies, our ships and our embassies will be treated as unfortunate crimes, not acts of war (and blamed on George Bush, but that's another blog post). Ultimately, that might convince whoever hates us at the time that now we can be attacked at home with impunity, but that, I trust, is a couple of decades down the road.
04 November 2008
Betting on Too Big To Fail
As I've said before, one problem with the politicization of the recent fun and games on Wall Street has been that no one's interested in answering the really interesting and important question, "How come the market seems to have been systematically underpricing risk for years?"
Tom Maguire, who's almost as good on this question as he was on Plame, points us to a partial answer on the part of one big player.
Tom Maguire, who's almost as good on this question as he was on Plame, points us to a partial answer on the part of one big player.
Obama Is (Probably) My President
For reasons that, I have to admit, mystify me, we're about to elect Barack Obama president. He wouldn't be my first choice; neither would John McCain, but he's much closer to the top of the list. But if Obama is elected, I wish him all the best: may he have a peaceful and prosperous presidency. If he is elected, he will be my president (although the idea of a personal president is also somewhat baffling). If he is elected, I won't drive around with a bumper sticker that says, "1/20/12," although I might be tempted by a bumper sticker that says, "Don't Blame Me, I Voted For Sarah."
If, like me, you believe that the United States is exceptional and if you agree with Chancellor Bismarck that God has a special providence for the United States, then we have to assume that electing Obama president is exceptional and not inconsistent with God's special providence until it is proven otherwise. We've prospered under Presidents much less intelligent and more wrong-headed than Senator Obama.
Finally, if, like me, you think that slavery is our original sin and the only distinctly American failing, then electing Senator Obama president has to be seen as a hopeful sign. Whatever hold socialism and political correctness have achieved in the United States they've achieved through the wounds opened by slavery. If electing Senator Obama president can help us close those wounds, then I cannot wholly regret his election.
I voted for John McCain and I hope he wins. I think a McCain presidency will be better for the nation than an Obama presidency. But I am not a leftist; I don't mistake my personal whims for universal truth and I accept that there are other explanations for history not walking my preferred path than the evil conspiracies of those who disagree with me.
We often say that the glory of the United States -- the heart of American exceptionalism -- is that ours is a nation built on an idea rather than on blood or conquest. The test of that idea is whether we can accept others as part of our nation based solely on whether they share our ideals, without regard to skin color or religion or country of origin. If we can't bring ourselves to include anyone as one of "us" if he believes what we believe and chooses to join us, then the American idea has failed.
Senator Obama is an American and, if he is elected, he will be an American president.
MORE: Well, there it is. Obama is my president-elect. In 2004, I really cared that George Bush beat John Kerry. I had a sick feeling in my stomach until finally Ohio was called for W. Tonight, no sick feeling. I'm disappointed but not emotionally invested. Is that because it's been clear for a while that McCain would lose, or is it that McCain was just good enough, or is it that President Obama does have its compensations? I'm not sure. How 'bout y'all? How sick does this make you?
If, like me, you believe that the United States is exceptional and if you agree with Chancellor Bismarck that God has a special providence for the United States, then we have to assume that electing Obama president is exceptional and not inconsistent with God's special providence until it is proven otherwise. We've prospered under Presidents much less intelligent and more wrong-headed than Senator Obama.
Finally, if, like me, you think that slavery is our original sin and the only distinctly American failing, then electing Senator Obama president has to be seen as a hopeful sign. Whatever hold socialism and political correctness have achieved in the United States they've achieved through the wounds opened by slavery. If electing Senator Obama president can help us close those wounds, then I cannot wholly regret his election.
I voted for John McCain and I hope he wins. I think a McCain presidency will be better for the nation than an Obama presidency. But I am not a leftist; I don't mistake my personal whims for universal truth and I accept that there are other explanations for history not walking my preferred path than the evil conspiracies of those who disagree with me.
We often say that the glory of the United States -- the heart of American exceptionalism -- is that ours is a nation built on an idea rather than on blood or conquest. The test of that idea is whether we can accept others as part of our nation based solely on whether they share our ideals, without regard to skin color or religion or country of origin. If we can't bring ourselves to include anyone as one of "us" if he believes what we believe and chooses to join us, then the American idea has failed.
Senator Obama is an American and, if he is elected, he will be an American president.
MORE: Well, there it is. Obama is my president-elect. In 2004, I really cared that George Bush beat John Kerry. I had a sick feeling in my stomach until finally Ohio was called for W. Tonight, no sick feeling. I'm disappointed but not emotionally invested. Is that because it's been clear for a while that McCain would lose, or is it that McCain was just good enough, or is it that President Obama does have its compensations? I'm not sure. How 'bout y'all? How sick does this make you?
25 October 2008
From The Annals Of Odd Defenses
Mo. students face punishment for `Hit a Jew Day'(Jim Salter, AP, 10/24/08)
At least four students from a suburban St. Louis middle school face punishment for allegedly hitting Jewish classmates during what they called "Hit a Jew Day."UPDATE: Mrs. Davidssecretblog finds it somewhat ominous that they apparently have a list of the district's Jewish students.
The incident happened last week at Parkway West Middle School in Chesterfield.
District officials said Thursday they believe that fewer than 10 children of the district's 35 Jewish students were struck.
23 October 2008
Not My Dream Line-Up
A commenter at Ann Althouse's blog notes that the presumptive line of succession after President Obama is inaugurated will be:
1. Vice President Joe Biden;
2. House Speaker Nancy Pelosi;
3. Senate President pro tem Robert Byrd;
4. Secretary of State John Kerry.
1. Vice President Joe Biden;
2. House Speaker Nancy Pelosi;
3. Senate President pro tem Robert Byrd;
4. Secretary of State John Kerry.
08 October 2008
David, I Hear You Say,
Why are you able to remain so cool in a crisis? Why are not you panicking?
While the current economic situation is uncomfortable, there are three numbers I'm keeping an eye on that convince me that all is not lost: the 30 year fixed mortgage rate (6.011 APR today on E-Loan), the 10 year Treasury rate (3.72% in today's auction) and the dollar exchange rate (up against just about all world currencies in the last few weeks). All of these are in very comfortable territory in historical terms.
Basically, these numbers mean that we're not in a liquidity trap, that people still have faith in the credit worthiness of the federal government and that, in a crisis, international money is still taking refuge in the dollar. I'm not saying that everything is hunky dorey, but I am saying that, right now, the smart money is not expecting Great Depression II.
While the current economic situation is uncomfortable, there are three numbers I'm keeping an eye on that convince me that all is not lost: the 30 year fixed mortgage rate (6.011 APR today on E-Loan), the 10 year Treasury rate (3.72% in today's auction) and the dollar exchange rate (up against just about all world currencies in the last few weeks). All of these are in very comfortable territory in historical terms.
Basically, these numbers mean that we're not in a liquidity trap, that people still have faith in the credit worthiness of the federal government and that, in a crisis, international money is still taking refuge in the dollar. I'm not saying that everything is hunky dorey, but I am saying that, right now, the smart money is not expecting Great Depression II.
24 September 2008
The Curious Incident Of The Big Dog In The Night-Time
Bill Clinton: Will respect Jewish holidays, then 'hustle up ... cracker vote' in Florida (Ben Smith, Politico.com, 9/24/08)
In an interview with CNN's Larry King airing tonight, Bill Clinton offered a slightly unusual reason for postponing his campaigning for Obama: The Jewish high holidays of Rosh Hashanah and Yom Kippur, which he's not known to observeBy their excuses shall you know them.
22 September 2008
Been A While...
since we've had a good space elevator discussion. Now Japan has has turned its attention to building a space elevator, although the linked article is somewhat unclear on who "Japan" is.
19 September 2008
Inquiring Minds
An Indian friend of mine asks, "Why is telecommunications so expensive in the States?" He says that cell phones and service are much less expensive in India and that the rest of the world wonders why we don't text message.
What's the answer?
What's the answer?
16 September 2008
Social Psych To The Rescue
My social psych professor suggests a possible solution to the underpricing conundrum. She suggests that putting out a new hot system, especially around Christmas time, gets us to psychologically commit to buying one, either for ourselves or for our kids. When we discover we can't get one, we (a) decide to get one when they are available and (b) buy something else for Christmas. As a result, instead of making just one Christmas sale, the toy/video game companies make Christmas sales and, after the supply opens up, January sales.
There's at least one problem with this explanation: why would the companies assume that they'll reap the benefit of the double sale. Maybe whatever substitute we buy for Christmas will come from some other company. But, other than that, this does seem to make psychological sense.
PS: As I think about it, this doesn't help with iPhone pricing at all.
There's at least one problem with this explanation: why would the companies assume that they'll reap the benefit of the double sale. Maybe whatever substitute we buy for Christmas will come from some other company. But, other than that, this does seem to make psychological sense.
PS: As I think about it, this doesn't help with iPhone pricing at all.
15 September 2008
13 September 2008
Yah, Dead Hourse. Yah.
This really isn't that difficult. A "preemptive" war is when you preempt an imminent attack by attacking first. Israel preempted a first attack by the massed Arab armies in the Six Day War. As a matter of international law of war, there is absolutely no question about one nation's right to attack first to preempt an imminent attack. If an American submarine had come across the Japanese fleet launching planes on December 7, it would not have to have loitered around until bombs were actually dropped on Pearl Harbor before it sank the carriers.
What the United States asserted in Iraq -- what Charlie Gibson would have meant if he understood the Bush Doctrine -- was a controversial right to launch a preventative war. A preventative attack is meant to defend the attacking nation by preventing a probably enemy from getting any where near to attacking. As Dick Cheney said, we didn't want to wait until an Iraqi attack was imminent. We took that position because 9/11 had taught us that we weren't willing to wait to be attacked, even if the attack did little strategic damage.
One of the lessons of the internet is that the left is every bit as ignorant as the right, but that ignorance is more annoying when it accompanies an assumption of superior knowledge.
What the United States asserted in Iraq -- what Charlie Gibson would have meant if he understood the Bush Doctrine -- was a controversial right to launch a preventative war. A preventative attack is meant to defend the attacking nation by preventing a probably enemy from getting any where near to attacking. As Dick Cheney said, we didn't want to wait until an Iraqi attack was imminent. We took that position because 9/11 had taught us that we weren't willing to wait to be attacked, even if the attack did little strategic damage.
One of the lessons of the internet is that the left is every bit as ignorant as the right, but that ignorance is more annoying when it accompanies an assumption of superior knowledge.
04 September 2008
This Prying Into The Candidates Personal Lives Must End
Michelle Obama says she's done having kids (AP, 9/04/08)
Obama to Dispatch Female Surrogates (Patrick Healy and Jeff Zeleny, NY Times, 9/04/08)
Obama to Dispatch Female Surrogates (Patrick Healy and Jeff Zeleny, NY Times, 9/04/08)
Call Off Your On-Bringers, Redux
Obama campaign hits back against Palin comments (Phillip Elliot, AP, 9/04/08)
As for Palin's claim to be an outsider, Axelrod said that given her pointed criticism of Obama, "for someone who makes the point that she's not from Washington, she looked very much like she would fit in very well there."Obama will meet with Ahmadinejad without preconditions, but Ahmadinejad is no Sarah Palin.
03 September 2008
Anyone Willing To Bet Against
there being at least one woman major party presidential nominee in 2012?
02 September 2008
I'd Rather Be Lucky Than Good, But Being Both Is Better
Even within the context of how brilliantly the McCain campaign handled the Palin announcement (Speech? What speech?), they couldn't possibly have foreseen Obama making the rookie mistake of picking a fight with the opposition V.P. candidate. That he would do so badly ("our executive experience of running a presidential campaign is a much bigger deal than being Mayor of Wassilla Alaska") is just a gift from G-d.
01 September 2008
Those Who Forget The Past Are American
I know that we're a nation without a past. In fact, I like that about us. But even I am shocked by our inability to remember the events of three years ago when Hurricane Katrina was seared ... seared ... across our memories. In particular, that Katrina itself didn't do much damage, that it had looked anticlimactic, until the storm surge from Lake Pontchartrain spilled through the inadequate levees and flooded the city. Coverage of Gustav has not only failed to rehearse that history, but has wrongly claimed that the damage three years ago came from winds and rain directly flooding the city.
31 August 2008
Burying Satire At The Crossroads
I cannot believe that Obama supporters are claiming that Trig Palin is Gov. Palin's grandson and that she's covering her teen daughter's pregnancy. This is disgusting, there is absolutely no evidence for it and, worst of all, if it were true it would solidify Gov. Palin's pro-life credentials. The right's not going to like her less; they'll like her more. If this breaks out into the public's notice, I can't imagine that a wave of disgust at this tactic won't propel McCain/Palin's poll numbers higher.
30 August 2008
A Borrowed Thought And A New Thought
This isn't at all original to me, but it is worth noting how tone deaf the Obamaniacs response to Sarah Palin (she doesn't have enough experience) is. Now, I agree that she has only limited experience and I think that, substantively, that's an issue. But the juxtaposition of "don't vote for the experienced [sic] woman, vote for hope and change" with "that woman's not experienced. You can't vote for her" is bound to alienate some women.
The thought that I haven't seen anywhere else has to do with how hard and overtly McCain is going after Hillary voters. Not just nominating Palin, but having Palin pay tribute to Hillary and having her argue, all but explicitly, that a vote for McCain/Palin is a vote for Hillary's crusade to break the glass ceiling. But doesn't that seem dangerous, given that Hillary could go on national television and squash any suggestion that she supports McCain/Palin and tell her supporters, in no uncertain terms, that M/P is bad for women and O/B is good for women. ("O/B for Women" really needs to be a bumper sticker.)
So, the question is: Is John McCain reckless (not, of course, a merely rhetorical question) or does he have some reason to believe that his friend Hillary is not going to make too much of a protest?
The thought that I haven't seen anywhere else has to do with how hard and overtly McCain is going after Hillary voters. Not just nominating Palin, but having Palin pay tribute to Hillary and having her argue, all but explicitly, that a vote for McCain/Palin is a vote for Hillary's crusade to break the glass ceiling. But doesn't that seem dangerous, given that Hillary could go on national television and squash any suggestion that she supports McCain/Palin and tell her supporters, in no uncertain terms, that M/P is bad for women and O/B is good for women. ("O/B for Women" really needs to be a bumper sticker.)
So, the question is: Is John McCain reckless (not, of course, a merely rhetorical question) or does he have some reason to believe that his friend Hillary is not going to make too much of a protest?
29 August 2008
Appropos Of Nothing...
I note my position that the purpose of feminism is to protect white privilege.
28 August 2008
"What's With Married Men And Blogging?"
My son just asked me that question. His hypothesis is that it has to do with our inability to express our opinions IRL.
27 August 2008
Does It Pay To Be Too Cute?
A lot of people have suggested that McCain ought to nominate a woman or a minority or a minority woman as Vice President to counter the excitement of having Obama on the Democratic ticket. My response has been that this is too cute by half; it is too much like picking Alan Keyes to move to Illinois and run for Senate against Obama. Also, while Governors Palin and Jindal might well end up being good Republican presidential/vice presidential nominees in the future, they're too young and inexperienced for this cycle. John McCain's most pressing need in a running mate is someone who can obviously move right into the Oval Office -- Dick Cheney, circa 2000, would be the perfect McCain VP.
I now suspect that McCain would love to put a woman on the ticket, as part of his wooing of Hillary supporters. And I'm starting to think that the right minority man would be ok, too. Colin Powell, for example, remains popular with the nation as a whole, and wouldn't be the turn-off for the Republican base that, for example, Joe Lieberman or even Rudy would be. (I know about all the inside-baseball Plame and went soft on Iraq baggage he carries, but no one cares about that stuff but us wonks.) Iraq works well for Powell because he can say going in was the right thing to do, W screwed up the execution, then W took McCain's advice and it worked.
In any event, I'm not actually suggesting Powell (I don't think Powell would do it, for various reasons). I'm simply saying that a woman or minority VP with gravitas and a reputation for competence could work well for McCain.
I now suspect that McCain would love to put a woman on the ticket, as part of his wooing of Hillary supporters. And I'm starting to think that the right minority man would be ok, too. Colin Powell, for example, remains popular with the nation as a whole, and wouldn't be the turn-off for the Republican base that, for example, Joe Lieberman or even Rudy would be. (I know about all the inside-baseball Plame and went soft on Iraq baggage he carries, but no one cares about that stuff but us wonks.) Iraq works well for Powell because he can say going in was the right thing to do, W screwed up the execution, then W took McCain's advice and it worked.
In any event, I'm not actually suggesting Powell (I don't think Powell would do it, for various reasons). I'm simply saying that a woman or minority VP with gravitas and a reputation for competence could work well for McCain.
MSM To The Rescue?
I've been following the daily polling results at Rasmussen and I've noticed something I find kind of interesting. John McCain is doing very well in the daily tracking polls (now tied with Obama, even including leaners) and the war is doing well (both Iraq and the WoT are at all time highs), even as President Bush remains mired at or near is all-time low approval ratings. I find this counter-intuitive, and it suggests that the country has reached a state of cognitive dissonance when thinking about W.
The next thing that occurs to me is that this might be more bad news for Obama. As Hillary showed last night, the Dems plan is to attack W and assume that everyone sees McCain as McSame. But what if the public has somehow formed the notion that McCain is a maverick who has fought his party and can't simply be lumped together with W as "those Republicans?" That he could almost even be a Democratic VP candidate? And if they did get that idea, where did they get it from?
The next thing that occurs to me is that this might be more bad news for Obama. As Hillary showed last night, the Dems plan is to attack W and assume that everyone sees McCain as McSame. But what if the public has somehow formed the notion that McCain is a maverick who has fought his party and can't simply be lumped together with W as "those Republicans?" That he could almost even be a Democratic VP candidate? And if they did get that idea, where did they get it from?
25 August 2008
Twofer
Yet another comment that I realized, halfway through, wanted to be a blog post. This comment is from Thought-Mesh:
It's a little more complicated than that. There's no new definition, but there are alternative definitions. The "new" definition your friend mentioned is the definition used by the National Bureau of Economic Research which, it's name notwithstanding, is an entirely private, unofficial organization of economists headquartered in Cambridge, Ma. NBER is interested in dating to the month cycles of expanding and diminishing economic activity in the US economy. NBER has not said that we are in a recession; basically, they never do. They wait for revised numbers to come in and date the cycle retrospectively. Most recently, in 2003 they announced that a brief recession that began in March 2001 had ended in November 2001.
According to NBER, "A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." Since NBER does not focus solely on GDP, it is possible that it could announce a recession that did not consist of at least two consecutive quarters of GDP contraction. Although it's website is a little unclear, I don't think that it has ever done so. When it announced the beginning of the 2001 recession, reported GDP had fallen in the first three quarters of 2001. After it announced the November 2001 end of that recession, second quarter 2001 GDP was revised upwards so that now the 2001 recession consists of two nonconsecutive quarters of contraction. NBER didn't change its dates.
So, the NBER definition is not new, but neither is it "official." We're all free to choose the definition we like best. The rule-of-thumb or traditional definition (two consecutive quarters of contraction) works pretty well and is actually contemporaneously useful.
As for President Bush's economic performance, I remain skeptical that the President has much to do, one way or another, with the economic cycle. But if he does, and I can see the heuristic value of holding him responsible, then President Bush has done pretty well. Accepting that there was a 2001 recession (which only someone deep in the throws of BDS could blame on a President who took office two months earlier), then we're in the 83rd month of the Bush expansion. The post-war average is 57 months. If we don't recognize the 2001 recession, either because there weren't two consecutive quarters of falling GDP or because it wasn't a significant decline in economic activity spread throughout the economy, and as I said we're not bound by NBER's determination, then we're at 203 months of expansion, by far the longest in American history.
Which brings us to the real answer to your friend: does she really think that all recessions can be avoided, that the economy can grow continuously without respite and that the President can achieve this? As a general proposition, saying of someone that she thinks that the business cycle has been repealed is not a compliment on her keen grasp of economics. All the sins of the federal government that we get excited about -- earmarks, deficits, wasteful spending, etc. -- are pretty small compared to the size of the economy. The amount of difference a President, or the government as a whole, could realistically make doesn't amount to 2-3% of GDP. I believe in tipping points, but I don't believe that a swing that small can avoid all recessions. It's easier to believe that fixing those "problems," if done through bad tax policy, could easily have a worse effect on the economy by dissuading producers from producing.
What really seems to happen is that companies start an expansion lean and hungry. But as the expansion gets older, living is easy and money is cheap. Inventories grow, payrolls grow and perks grow. Eventually, the dead weight gets to be too much and the economy tanks as companies either go under or shed inventory, employees and benefits as fast as they can. When they're back to lean and hungry, the cycle starts over again. Computers and management education seem to have constrained companies from gaining too much fat during the good times, so we're seeing longer expansions and shallower contractions. The President doesn't have much to do with it one way or another.
It's a little more complicated than that. There's no new definition, but there are alternative definitions. The "new" definition your friend mentioned is the definition used by the National Bureau of Economic Research which, it's name notwithstanding, is an entirely private, unofficial organization of economists headquartered in Cambridge, Ma. NBER is interested in dating to the month cycles of expanding and diminishing economic activity in the US economy. NBER has not said that we are in a recession; basically, they never do. They wait for revised numbers to come in and date the cycle retrospectively. Most recently, in 2003 they announced that a brief recession that began in March 2001 had ended in November 2001.
According to NBER, "A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." Since NBER does not focus solely on GDP, it is possible that it could announce a recession that did not consist of at least two consecutive quarters of GDP contraction. Although it's website is a little unclear, I don't think that it has ever done so. When it announced the beginning of the 2001 recession, reported GDP had fallen in the first three quarters of 2001. After it announced the November 2001 end of that recession, second quarter 2001 GDP was revised upwards so that now the 2001 recession consists of two nonconsecutive quarters of contraction. NBER didn't change its dates.
So, the NBER definition is not new, but neither is it "official." We're all free to choose the definition we like best. The rule-of-thumb or traditional definition (two consecutive quarters of contraction) works pretty well and is actually contemporaneously useful.
As for President Bush's economic performance, I remain skeptical that the President has much to do, one way or another, with the economic cycle. But if he does, and I can see the heuristic value of holding him responsible, then President Bush has done pretty well. Accepting that there was a 2001 recession (which only someone deep in the throws of BDS could blame on a President who took office two months earlier), then we're in the 83rd month of the Bush expansion. The post-war average is 57 months. If we don't recognize the 2001 recession, either because there weren't two consecutive quarters of falling GDP or because it wasn't a significant decline in economic activity spread throughout the economy, and as I said we're not bound by NBER's determination, then we're at 203 months of expansion, by far the longest in American history.
Which brings us to the real answer to your friend: does she really think that all recessions can be avoided, that the economy can grow continuously without respite and that the President can achieve this? As a general proposition, saying of someone that she thinks that the business cycle has been repealed is not a compliment on her keen grasp of economics. All the sins of the federal government that we get excited about -- earmarks, deficits, wasteful spending, etc. -- are pretty small compared to the size of the economy. The amount of difference a President, or the government as a whole, could realistically make doesn't amount to 2-3% of GDP. I believe in tipping points, but I don't believe that a swing that small can avoid all recessions. It's easier to believe that fixing those "problems," if done through bad tax policy, could easily have a worse effect on the economy by dissuading producers from producing.
What really seems to happen is that companies start an expansion lean and hungry. But as the expansion gets older, living is easy and money is cheap. Inventories grow, payrolls grow and perks grow. Eventually, the dead weight gets to be too much and the economy tanks as companies either go under or shed inventory, employees and benefits as fast as they can. When they're back to lean and hungry, the cycle starts over again. Computers and management education seem to have constrained companies from gaining too much fat during the good times, so we're seeing longer expansions and shallower contractions. The President doesn't have much to do with it one way or another.
24 August 2008
Will The Entire Inauguration Parade Be Able To Walk Across The Potomac?
OJ posts this ode to the left's new Messiah:
I really don't know what would be worse for these people, if Obama wins or if he loses convincingly. If He wins, they'll discover that He's just another politician. If He loses, a different balloon will be popped: the worst thing you can say about an American is that they don't understand America. I suppose the best thing for them is also the most likely: a close loss that they can blame on racism or Karl Rove.
I really don't know what would be worse for these people, if Obama wins or if he loses convincingly. If He wins, they'll discover that He's just another politician. If He loses, a different balloon will be popped: the worst thing you can say about an American is that they don't understand America. I suppose the best thing for them is also the most likely: a close loss that they can blame on racism or Karl Rove.
22 August 2008
The One With The Most Money Wins
From Wisconsin, a story about a couple with a "secret formula" for winning the lottery:
Has Couple Found Formula To Win Lottery? Husband, Wife Have Each Claimed $350,000 Check This Week (WNBC, 8/22/08)
Another return maximizing strategy is to only pick numbers greater than 31. Those numbers are equally (un)likely to win, but since so many people play birthdays, the chance of multiple winners is lower.
Of course, the best way to make money from the lottery is not to play at all.
Has Couple Found Formula To Win Lottery? Husband, Wife Have Each Claimed $350,000 Check This Week (WNBC, 8/22/08)
A double-lottery-winning couple in Dane County doubled their winnings again.There may be no way to predict the winning numbers, assuming that the numbers are chosen randomly. There are, however, ways to increase your winnings. The Adamsons illustrate one way: buy several tickets with the same number. If the Adamsons had bought one ticket and one other person also bought a winning ticket, they'd get half the pot. If they buy four winning tickets and one other person also bought a winning ticket, they'd get 80% of the pot.
Verlyn and Judith Adamson of Mount Horeb each claimed a $350,000 jackpot this week for having the winning numbers in the state SuperCash drawing last Saturday.
But they didn't mention at the time that they also held two more of the winning tickets....
Verlyn Adamson, an accountant, said earlier in the week that he's a big fan of math puzzles. He claims he developed a formula for lottery picks, but his winnings have been small until now....
But Steven Post, a mathematics professor at Edgewood College in Madison, said there is no way to devise a strategy for finding the winning numbers...
Another return maximizing strategy is to only pick numbers greater than 31. Those numbers are equally (un)likely to win, but since so many people play birthdays, the chance of multiple winners is lower.
Of course, the best way to make money from the lottery is not to play at all.
17 August 2008
People Might Hate George Bush,
but this is a problem for the Democrats:
Q: What's the most significant -- let me ask it this way: what's the most gut wrenching decision you've ever had to make and how did you process that, come to that decision?
Barack Obama: Well, you know, I think the opposition to the war in Iraq was as tough a decision that I’ve had to make not only because there were political consequences but also because Saddam Hussein was a bad person and there was no doubt that he met America ill, but I was firmly convinced at the time that we did not have strong evidence of weapons of mass destruction and there were a lot of questions that as I spoke to experts kept on coming up, do we know how the Shiites and the Sunnis and the Kurds are going to get along in a post Saddam situation, what's our assessment as to how this will affect the battle against terrorist like al-Qaeda, have we finished the job in Afghanistan so I agonized over that and I think questions of war and peace generally are so profound you know when you meet the troops, they are 19, 20, 21-year old kids and you are putting them into harm's way there is a solemn obligation that you do everything you can to get that decision right. And now as the war went forward, very difficult about how long do you keep funding the war if you strongly believe that it's not America’s national interest at the same time you don't want to have troops who are out there without the equipment they need. So that all those questions surrounding the war have been very difficult for me.
John McCain: it was long ago and far away in a prison camp in north Vietnam. My father was a high ranking admiral. The Vietnamese came and said that I could leave prison early. And we had a code of conduct that said you only leave by order of capture. I also had a dear and beloved friend who was from California by the name Ed Alvarez who had been shot down and captured a couple years before me but I wasn't in good physical shape. In fact I was in rather bad physical shape.
So I said no. Now, in it of full disclosure, I’m very happy I didn't know the war was going to last for another three years or so. But I said no and I’ll never forget sitting in my last answer and the high ranking officer who offered it slammed the door and the interrogator said go back to your cell it's going to be very tough on you now. And it was. But not only the toughest decision I ever made but I’m most happy about that decision than any decision I’ve ever made in my life. I did finally say it took a lot of prayer, it took a lot of prayer.
15 August 2008
No, Not Really
I've been very impressed with how the anti-war movement has moved against Russia's invasion of Georgia, giving Russia exactly the same treatment as they gave the US. The marches, the rallies, the overheated Hitler comparisons; all have been brought to bear against Russia's cynical invasion of a tiny neighbor. One can disagree with treating the invasion of a western-leaning democracy as parallel to our invasion of an unfriendly dictatorship, but at least they haven't proven themselves to be total and complete hypocrites.
People Are Fundamentally Rational
There's been some focus recently (for example, this David Brooks article) about the ways in which people are reliably irrational. This focus is largely based on the Nobel Prize (Economics) winning work of two psychologists, Amos Tversky and Daniel Kahneman. This work has led to the development of behavioral finance, which investigates the various ways that individuals differ from the simple homo economicus of basic economics. (Does that mean that economics is junk? No, but why it doesn't is beyond the scope of this post. The short answer is that rationality is a simplifying assumption of economics, but not a fundamental assumption.)
Kahneman and Tversky's work is interesting and accessible. There are worse ways to spend a few hours than reading some of their articles. My favorite K&T experiment is simplicity itself: in front of a group of people, bring in a large spinning wheel with numbers on it. Spin the wheel and get a number. Then ask the audience to estimate the number of, for example, languages spoken in the world (about 7000, but shrinking). Unless you've got a linguist (or a wise-ass blogger) in the audience, the guesses will vary around the number on the wheel, even though the audience knows that that number was chosen randomly.
But saying that people are predictably irrational is not the same as saying that they are irrational. In particular, there is logic embedded in the stable patterns of interaction between people. This is, in fact, part of the answer of traditional economics to behavioral finance: people are, for example, loss averse and thus, in the right condition, risk preferring, but the market is demonstrably not irrational is that particular way. So, that individuals are irrational does not imply that groups or society in general are irrational. In fact, conservatism is, in large measure, the insight that there is a wisdom embedded in the stable interactions of large groups of people that is more reliable than perhaps irrational decisions made by individuals: the system knows more than any single component.
What got me thinking about all this? The miserable blog interface used by the Maui News, which came up, tangentially, at Thought-Mesh. Blogging is less than 10 years old, but already there are embedded expectations and ways of doing things. The standard blog package might seem path-dependent and inefficient, but you deviate from the accepted standard at your peril. People might be irrational, but that doesn't mean that you can simply ignore the way things are done. In fact, it might mean the opposite.
Kahneman and Tversky's work is interesting and accessible. There are worse ways to spend a few hours than reading some of their articles. My favorite K&T experiment is simplicity itself: in front of a group of people, bring in a large spinning wheel with numbers on it. Spin the wheel and get a number. Then ask the audience to estimate the number of, for example, languages spoken in the world (about 7000, but shrinking). Unless you've got a linguist (or a wise-ass blogger) in the audience, the guesses will vary around the number on the wheel, even though the audience knows that that number was chosen randomly.
But saying that people are predictably irrational is not the same as saying that they are irrational. In particular, there is logic embedded in the stable patterns of interaction between people. This is, in fact, part of the answer of traditional economics to behavioral finance: people are, for example, loss averse and thus, in the right condition, risk preferring, but the market is demonstrably not irrational is that particular way. So, that individuals are irrational does not imply that groups or society in general are irrational. In fact, conservatism is, in large measure, the insight that there is a wisdom embedded in the stable interactions of large groups of people that is more reliable than perhaps irrational decisions made by individuals: the system knows more than any single component.
What got me thinking about all this? The miserable blog interface used by the Maui News, which came up, tangentially, at Thought-Mesh. Blogging is less than 10 years old, but already there are embedded expectations and ways of doing things. The standard blog package might seem path-dependent and inefficient, but you deviate from the accepted standard at your peril. People might be irrational, but that doesn't mean that you can simply ignore the way things are done. In fact, it might mean the opposite.
I'm No Feminist...
But isn't nominating Hillary Clinton in Denver, "to honor [her] historic campaign for president" just about the most patronizing thing they could do?
13 August 2008
Get Your Prognostication Here
I realized after I wrote this morning's post that I'm ready to make my official prediction: McCain Wins.
P.S.: Immediately after posting this, I clicked over to Tom Maguire's site and found an ad: "Obama. Finished? Vote here now." This is, of course, terrible news for my prediction.
P.S.: Immediately after posting this, I clicked over to Tom Maguire's site and found an ad: "Obama. Finished? Vote here now." This is, of course, terrible news for my prediction.
A Freudian Ball Gown?
Instapundit quotes Newsweek (actually, a Newsweek blog) as follows:
All this reminds me of 2004. The Democratic Party knew that the Presidency was theirs for the taking. After all, no one who voted for Al Gore would vote for George Bush, that election-stealing, war-mongering idiot. (They literally believed that not one person would switch from Gore to Bush; they said so incessantly.) All they had to do to seal the deal was attract a few Republicans who, they knew from their personal conversations with their friends, were just as disgusted with Bush as they were. Their strategy, then, was to nominate John Kerry, who was a veteran. Republicans love veterans; even Republicans hate Bush; John Kerry strolls to the Presidency in a land-slide. To this day, they believe that the only reason that didn't work was scurrilous lies about Kerry's war record from those unscrupulous Republicans. Thus, the logic for 2008 seems to be: Bush is a Republican; McCain is a Republican; even Republicans hate Bush; Republicans will therefore hate McCain; Obama is charismatic; Republicans love charisma; Obama strolls to the presidency in a landslide. And Obama has no record to be scurrilous about.
During the Cold War, conservatives would discuss whether the Soviets were lying about the United States, or if they actually believed the nonsense they were spouting. The answer was a little of both, but it didn't really matter. When the contradictions between reality (the US was burying the USSR) and the myth (the USSR would bury the US) became too wide to ignore, it didn't matter whether the Soviets knew that their myths were all lies. The msm and the Democratic Party, so far, are showing an impressive ability to ignore reality when it contradicts their cherished myths.
But are there enough rank-and-file Republicans whispering their support at Obama rallies to actually make a difference on Election Day? As I discovered from examination the last 18 months of head-to-head general election polls, the answer seems to be "no." In fact, John McCain's share of the Democratic vote has typically--and surprisingly--been larger than Obama's share of the Republican vote. In other words, it's not that the Rev. Jeremiah Wright scared the Obamacan masses off, as some pundits have theorized--it's that they never existed (in any unprecedented way) to begin with. (Emphasis added)Think about how far up inside the msm/Democrat cocoon you'd have to be to be surprised that John McCain has cross-over appeal. John McCain's claim to fame is that he doesn't toe the party line and that he works with even the most liberal Democrats; the man's nickname is Maverick, for crying out loud. There was a time when Newsweek knew this.
All this reminds me of 2004. The Democratic Party knew that the Presidency was theirs for the taking. After all, no one who voted for Al Gore would vote for George Bush, that election-stealing, war-mongering idiot. (They literally believed that not one person would switch from Gore to Bush; they said so incessantly.) All they had to do to seal the deal was attract a few Republicans who, they knew from their personal conversations with their friends, were just as disgusted with Bush as they were. Their strategy, then, was to nominate John Kerry, who was a veteran. Republicans love veterans; even Republicans hate Bush; John Kerry strolls to the Presidency in a land-slide. To this day, they believe that the only reason that didn't work was scurrilous lies about Kerry's war record from those unscrupulous Republicans. Thus, the logic for 2008 seems to be: Bush is a Republican; McCain is a Republican; even Republicans hate Bush; Republicans will therefore hate McCain; Obama is charismatic; Republicans love charisma; Obama strolls to the presidency in a landslide. And Obama has no record to be scurrilous about.
During the Cold War, conservatives would discuss whether the Soviets were lying about the United States, or if they actually believed the nonsense they were spouting. The answer was a little of both, but it didn't really matter. When the contradictions between reality (the US was burying the USSR) and the myth (the USSR would bury the US) became too wide to ignore, it didn't matter whether the Soviets knew that their myths were all lies. The msm and the Democratic Party, so far, are showing an impressive ability to ignore reality when it contradicts their cherished myths.
06 August 2008
Now It All Makes Sense
Don't you love that moment when one last piece of information drops into place and now you understand something that had been bugging you? I never quite understood why, early in the campaign, Michelle Obama was sent out to tell wifely stories seemingly undercutting her husband: he's stinky, he snores, he doesn't pick up after himself, etc. Apparently, the campaign does know its man. If your self-important, overly sensitive, humorless candidate can't be sent out to be self-deprecating -- an important trait for American presidential candidates -- you just have to suck it up and send out his wife to do it for him.
05 August 2008
But We Do Know That The High Temperature On 8/5/2108 Will Be 105
More than 100,000 rare gorillas found in Congo(CNN, 8/5/08)
An estimated 125,000 Western lowland gorillas are living in a swamp in equatorial Africa, researchers reported Tuesday, double the number of the endangered primates thought to survive worldwide.
"It's pretty astonishing," Hugo Rainey, one of the researchers who conducted the survey for the U.S.-based Wildlife Conservation Society, told CNN Tuesday.
The last census on the species, carried out during the 1980s, estimated that there were only 100,000 of the gorillas left worldwide. Since then, the researchers estimated, the numbers had been cut in half.
03 August 2008
The Pieces Fall Into Place
Long time readers of the blog know of my plan to streamline passenger plane loading and unloading. My idea is to mount the seats on a sled, have the passengers seat themselves at their leisure at the gate, and then have the sled rolled onto the plane in one piece. We've come that much closer to the plan with the development of the Boeing DreamLifter cargo aircraft. The tail swings open so that large items (such as sleds full of passengers) can be rolled right on. The next question is, do people want convenience and efficiency, or windows.
01 August 2008
I Approve This Message
The conventional wisdom of political advertising is that you don't even mention your opponent's name in your ads, referring instead to, er, "my opponent." The McCain campaign -- running against an opponent whose most valuable asset is his charisma -- not only mentions his name, they quote him and show his campaign events. This is a high risk/high reward strategy that I think can work. I suspect that Obama has a thin skin, isn't used to be made to look ridiculous and won't like it very much. Welcome to the big leagues, Mr. Obama.
Public Service Announcement
To Our Foreign Guests:
I am reminded to make this timely announcement:
I am reminded to make this timely announcement:
This blog, other blogs you read and the mainstream media might give you a skewed impression of how much time the average American spends thinking about the election and how much he or she cares; that is, any or at all.
Same World, Different Reality
Much to my astonishment, it turns out that there are Americans who think it is good for a Presidential candidate to be popular in Germany but bad to annoy Hollywood. Obama didn't have a bad week in the polls despite lavish coverage of 200,000 Germans chanting his name. He had a bad week because of it.
31 July 2008
Odd That We Think The Victims Are The Ones Who Put No Money Down
I put this comment up at Thought-Mesh, but thought that it was worth cross-posting here:
One of the interesting things about the subprime mortgage mess is that, in part due to underestimating the risk and in part due to federal subsidies, banks went on a lending spree giving mortgages to a bunch of people who couldn’t otherwise have bought a house. Now that some people can’t afford the houses they wouldn’t ordinarily have been able to buy, it’s a terrible tragedy. But unless we think that before the spree, lenders found every last person who would pay off their mortgage, there are clearly people today who own homes who otherwise wouldn’t. The banks, on the other hand, are staring into the abyss.
It’s an odd sort of capitalist scandal that allows the poor to buy houses and punishes the bankers.
17 July 2008
15 July 2008
One Man's Looter Is Another Man's Oriental Institute
Synchronicity strikes as OJ points us to this WSJ article on Iraq's non-looted archeological sites the same day as we saw this exhibit at the University of Chicago's Oriental Institute bemoaning the catastrophic looting of "Mesopotamian Archaeological Sites." The exhibit is tied to a book on the catastrophe that, perfectly, includes a forward by Robert Fisk.
The Oriental Institute, which boasts of its "major collection of antiquities from ancient Egypt, Iran, Iraq, Israel, Sudan, Syria, and Turkey" wants to be sure we know that looting is awful because, um, because ... when archeologists dig up rare antiquities and cart them off to Chicago, they take careful notes about where they found them.
The Oriental Institute, which boasts of its "major collection of antiquities from ancient Egypt, Iran, Iraq, Israel, Sudan, Syria, and Turkey" wants to be sure we know that looting is awful because, um, because ... when archeologists dig up rare antiquities and cart them off to Chicago, they take careful notes about where they found them.
The Worst Economy Ever (h/t Glenn Reynolds)
14 July 2008
12 July 2008
Nice
Two Canadian children have been taken from their home by social services because of their mother's political beliefs. After the mother twice sent her 7 year old daughter to school with a swastika drawn on her arm, the school called social services. At the home, social workers found neo-Nazi flags and symbols. My favorite passage from the story is this:
A couple of thoughts:
First, is there anything stupider than white pride?
Second, as with anything that happens in Canada, the Canadians seem most interested in showing how this proves that they are better than Americans. This quote from commenter westwitch is nicely representative:
Third, this is not an easy question for Canadians but, as westwitch suggests, it is easy for Americans: an American government would not be able to do this (though it might try).
Fourth, Canadian neo-Nazis? Really?
Although she proudly wears a silver necklace that includes a swastika and has "white pride" flags in her home, the mother, who can't be named to avoid identifying her children, denies she's a neo-Nazi or white supremacist.I suspect that they're calling her a neo-Nazi because of all the swastikas, but I could be wrong.
"A black person has a right to say black power or black pride and yet they're turning around on us and saying we're racists and bigots and neo-Nazis because we say white pride. It's hypocrisy at its finest."
A couple of thoughts:
First, is there anything stupider than white pride?
Second, as with anything that happens in Canada, the Canadians seem most interested in showing how this proves that they are better than Americans. This quote from commenter westwitch is nicely representative:
For those of you who believe that we have American style Free Speech, think again.Of course, we can't yell FIRE in a crowded theater either, unless we're showing our support for individual rights in education.
The Canadian Charter of Rights and Freedoms, Section 1 is the Limitations clause, which allows for us to put some boundaries on all other rights, when they may cause harm to others. For instance, we can not yell FIRE in a crowded auditorium, when there is no such threat.
This is one of the sections which makes our Charter so great.
Third, this is not an easy question for Canadians but, as westwitch suggests, it is easy for Americans: an American government would not be able to do this (though it might try).
Fourth, Canadian neo-Nazis? Really?
Subscribe to:
Posts (Atom)


