Thursday, April 24, 2014

General Electric, Irrationally Rational or Rationally Irrational?

GE is said to be buying France's Alstom for $13 billion. 

Two things. 

First, GE is buying this foreign company because the tax code incentivizes them to keep their cash abroad and never bring it home to invest here.  Totally rational.

Second, they must be really desperate if they are buying a French company.  Totally irrational.
GE Set to Face Long Arm of French State in Potential Alstom Bid
Maybe Jeff Immelt should have talked to this guy

Oh wait, he was too busy sucking up to the Lightworker and foisting ObamaCare on America.  Oh wait, Jeff, how is that working out?

Good Guys With Guns Are Winning

Global acts of piracy continue to fall and have hit a seven-year low, according to the International Maritime Bureau (IMB).
A total of 49 incidents were recorded around the world in the first quarter of 2014, a level not seen since 2007 when there were 41 reported attacks.
Naval forces and armed guards continue to keep a lid on incidents off Somalia which accounted for just five of the total, the same number as the first quarter of last year, and no successful hijackings.
Well, at least good guys property owners with guns are winning. I think they are good guys, they've spent tens of millions of dollars for these vessels that bring us all sorts of things that we can't grow or make on our own and allow us to send things that we grow and make to other people, making all our lives better.  Surely, Thomas Piketty would disapprove, but to deal with all the shit that is required to buy, insure, crew, operate, and keep vessels from getting pirated, most ship owners make more than the median salary.

BTW, notice no jibberish about "root causes".  Last I checked, poverty/political stability in Somalia had not been cured.  But piracy is down.  Funny that.

Never a Crackpot With a D Next to Their Name...

Conservatives Open Their Hearts to Crackpots
Apr 24, 2014 2:43 PM EDT
Samuel "Joe the Plumber" Wurzelbacher. Sarah Palin. George Zimmerman. "Bette in Spokane." Cliven Bundy. Every few months or so, conservatives elevate a new Everyman or Everywoman to embody their crusade.
I have a simple question for the likes of Francis Wilkinson. 

Are any of the following people what you would consider a crackpot? 

1) Alan Grayson, 2) Wendy Davis 3) Bradley Manning 4) Sandra Fluke 5) Howard Dean 6) Leland Yee 7) Marion Barry (whoops sorry, he's a crackhead) Al Franken 8) Rod Blagojevich

I'll stop there in the interests of time.  Any of them? 

Nation of Cowards Tells Holder to Beat It

I like this story for a lot of reasons.  First, it highlights what I blogged about earlier, how the Feds are going to be received in Oklahoma if a Cliven Bundy-esque BLM escapade comes to the Red River.

Second, Eric Holder giving a commencement address to police academy cadets has a deliciously laughable irony and makes for all sorts of fun games to play.  Imagine his speech to cadets...

"You get the bad guys off the streets, and I'll put 'em back!"

or the potential media coverage...

"Man who thinks we are a nation of cowards, ducks out of appearance in Okla."

Did Cliven Bundy Echo a Nobel Economist...??? Yes.

So, elites are attempting to decimate what little standing they feel Cliven Bundy has left with America using their preferred method...accusations of racism.

Now, let's preface this with the fact that I agree with Hinderaker that Bundy does not deserve our sympathy from a legal perspective, but from, well, something else, and I agree with VDH, that it might be a case where I'd rather be wrong with Bundy than right with the BLM.

So, all that said, here is what Bundy said...
“That’s exactly what I said. I said I’m wondering if they’re better off under government subsidy, and their young women are having the abortions and their young men are in jail, and their older women and their children are standing, sitting out on the cement porch without nothing to do, you know, I’m wondering: Are they happier now under this government subsidy system than they were when they were slaves, and they was able to have their family structure together, and the chickens and garden, and the people had something to do? And so, in my mind I’m wondering, are they better off being slaves, in that sense, or better off being slaves to the United States government, in the sense of the subsidies. I’m wondering. That’s what. And the statement was right. I am wondering.”
Which is inelegant and arguably superficially shocking, but it is the exact same argument made in a path-breaking book by a Nobel prize winning economist, Time on the Cross.

I mentioned Time on the Cross before.

I had a professor in college who got in hot water because he talked about the themes of Time on the Cross (and this was in the 1980s, he'd run up the flagpole by his genitals today).

Bundy's comments may be shocking to some, but this discussion is neither new nor crackpot, as the NYTimes's piece (and this predictable piece) is intended to have you believe.


Life is good for the 1% in Obama's America.

Like I keep telling people, as do many others, income inequality is an outcome - a desired outcome - of Democratic Party policies.

Aside:  Thomas Piketty would be very displeased.  These houses on the beach are "terrifying."

Double Awesomeness Out of Steve Wynn

Good for Steve Wynn.

Lese majeste is still not a crime in the USA, at least not yet anyway.  (Not a crime in the legal sense, although it's certainly punishable.)

...and doubly good for Wynn for his excellent put down of Clooney.  Treat these guys as what they are, court jesters.

Wednesday, April 23, 2014

Politics 2014: Lefties In Full Throat Over Marginal Issues

Lefties continue to pound away at issues of very little concern to most Americans.  Income inequality is the new black for our petty tyrant class although most Americans would rather have a job or a chance at a job versus scalping rich people.

And, of course, there is global warming climate change.  I've long said that global warming climate change is dead from a policy perspective because of several factors:
1)  the world's biggest  "emitter," the Chinese, don't believe and/or don't care
2)  the world's richest country, the US, doesn't believe
3)  and the world's biggest believer, Europe, is broke
4)  many smaller and/or emerging countries are betting their futures on fossil fuels (i.e. Brazil, Angola, Mexico)

Still, the lefties are pretty heated up about it

It is almost sad to see them get so riled up in the face of so much contrary reality.  OK, not really.

Um, the 1980s Are Calling...

U.S. Army paratroopers are arriving in Poland on Wednesday as part of a wave of U.S. troops heading to shore up America's Eastern European allies in the face of Russian meddling in Ukraine.
If the 80s are calling, could we get leaders like Reagan, Thatcher, John Paul II, and Walesa back?  And Democrats like Moynihan, while we're at it?

Tuesday, April 22, 2014

The Mulally Sweepstakes

I've been a big booster of Alan Mulally in the past.  And now he is devolving out of his role at Ford, and there is a clear presumption that he's moving on to the next thing.

Immediately I thought GE (or General Electric as it is known to us old-timers), and this Bloomberg article is on the same wave length.  Immelt's tenure has been underwhelming given the glow on him from winning the post-Jack Welch beauty contest.

But there is another strong call, and I am going to make it...

Berkshire Hathaway.  Alan will be the new Warren.

Donny Baseball Nominates...

As an obsessive political observer, this small segment is great news.  Why?  Because this is my front runner for the GOP's 2016 nod to take on HRC.

I've always been a big fan, was thrilled that he was elected governor of his state, because that is the odds-on stepping stone to the White House.  He's ALL gravitas and he looks and talks like what Americans have traditionally understood to be presidential material before we started brain-farting.  He represents a reassuring return to normalcy that I think the nation craves.

Click through, see who it is.

And let's hope his profile is up up and away.

Elections Have Consequences

This should come as no surprise...

They voted for free shit, sorry, "social justice" over opportunity. 

How do you stay on top cashing checks from the government? 

You don't.  Ergo...
The American middle class, long the most affluent in the world, has lost that distinction.
While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.

Left-Wing Penis Envy

Have you ever noticed that the preponderance of the truly hard core left-wing bigotry and petty totalitarianism in higher education emanates from the crappiest of schools?

Here is the latest from...Eastern Connecticut State.  I never knew there was such a place and I've lived in these here parts for 40 plus years.

I think these unhinged types are trying to one-up the somewhat softer (but still crazy) gentry liberalism of the more elite institutions (which in ECSU's case is nearly all of them).

Similar thoughts have been thunk.

Robert Half Economy: The Ongoing Genius of Obamanomics (JK)

I have long talked about the "Robert Half Economy" that the Obamacrats have foisted on us.

Unfortunately, it is still a big problem.
For Americans who can't find jobs, the booming demand for temp workers has been a path out of unemployment, but now many fear it's a dead-end route.

Marketing Wisdom

Lesson for Google, et al.  Despite conventional wisdom to the contrary (sometimes with some merit), if Americans don't like where you are taking them, they simply won't go

This is happening with ObamaCare, but it is more obvious in other realms, such as transportation.  Notice all those Segways that people are tooling around town on?  I didn't think so.  CitiBike in NYC is flailing.  Light rail sytems are wildly unpopular.  Americans like travelling around in cars, and they have steadfastly rejected the best laid plans of their betters to get them out of their cars.

If Americans don't want to be surveilled and have their any twitch algorithmed into a sales pitch, they won't.  Give them enormously productive and/or fun tools that they never dreamed of, yes, they'll flock to you.  Abuse your customer relationahip with them and act like you own them, you're toast.

Classic (and Depressing) Liberal Mush from a Mushy Liberal

Thanks to the Powerline guys I watched this absolutely stunning display of liberal mush in the person of Nick Kristoff. 

I normally try to avoid as much of the Scarsdale liberal's output as possible, but sometimes it is unavoidable.  Here it is instructive.

Ukraine needs "hugs" from the US?  Taylor Swift will ultimately defeat Putinism?  Really? 

Well, maybe.  Potentially, after decades of dictatorship, hardship and misery, a yearning for freedom and a desire to join with a prosperous and free West can spur a people to throw off their shackles.  It has been done before, but in the meantime a generation or two of said unfortunate peoples' lives are sacrificed to waiting out the dictators.  And sometimes these dictators never go away.

This is the foreign policy of the putatively caring side of political spectrum?  Sacrifice a generation or two of whole peoples' freedom, dignity, and humanity (and lose their creativity to the world) hoping that something like pop music will defeat tanks and guns??  Really?  Why are these people not laughed at, rather than paid lavishly to proffer such gibberish?

Monday, April 21, 2014

BLM Would Be Foolish to Pull Same Sh*t In Texas or Oklahoma

Post the Cliven Bundy episode in Nevada, Drudge keeps us informed (or inflamed, don't know) about possibly the Feds next "land management" activity that might require SWAT teams.  And, what do you know...of the places where potential merde could go down, Oklahoma makes the list.

All I can say is "Uh oh".  I know a little bit whereof I speak in regards to the Sooner State.  In fact I have warned before that it would not be wise to invade Oklahoma, and trust me, if it's the Feds, it will be viewed as an invasion.

Not that Nevadans aren't tough and all, but Texas and Oklahoma are different animals altogether.  BLM would not fare well in a dust up in those parts. 

Then again, Texas and Oklahoma don't have shady Senators the likes of Harry Reid, so maybe there is absolutely nothing to any of this Drudge reporting.

Who Could Have Predicted Doctors Won't See ObamaCare Enrollees?

Obamacare enrollees can't get in to see doctors.

I predicted this a while ago (more here).

Well, Duh...?

Unions Vs. Greens Update

I told you back in 2009, that ultimately the labor unions would back oil and gas extraction (fracking) and related infrastructure (pipelines) in opposition to the greens.  And I told you that ultimately, the unions will win.

The first has come to pass, the second, not yet, but soon.