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March 18, 2013
Overnight Open Thread (3-18-2013)Math and Logic are Hard, Female Native-Americans Hardest Hit Which is why MA Sen. Elizabeth 'Fauxcahontas' Warren wanted to know why the federal minimum wage isn't $22/hour. I'll leave it to the reader to identify the logic flaws embedded in her question. Democrat Senator Elizabeth Warren during a hearing of the Senate Committee on Health, Education, Labor and Pensions last week asked why the current federal minimum wage rate is only $7.25 and not $22 an hour. Also hard: white man economics 101. Instapundit: "They'll Be Coming For Hoarders and Wreckers Next" If you have what the government wants and won't give it up, you're a hoarder. And if you're not on-board with the government's plans, you're a And now this: In Connecticut, a "Hoarder's Tax." "Rep. Molly Ritter, a Waterford Democrat, not only has sponsored a "combined reporting" bill, but she has also proposed a hoarder's tax. This would place a levy on liquid assets - companies with a lot of money in the bank - and dedicate the proceeds to job creation programs." And given the coming Great EU Bank Robbery in Cyprus be afraid when the Obama administration starts complaining about people and companies 'hoarding' money in bank accounts instead of 'investing' it in the economy.
Rand Paul advisor warns RNC: Getting Rid of Caucuses in 2016 Means "Nuclear War" With the Base Eh. For one thing it's a Politico quote so who knows how reliable it is. And secondly I've never been a fan of caucuses anyway (no secret votes, too prone to chicanery, election laws don't apply, etc.). Remember Huckabee in 2008 and Santorum in 2012 - yeah thanks a lot Iowa caucus. And even if it is true, this is mostly strategizing on Paul's part rather than pure principle. I'll let Allah explain: Caucuses favor candidates with intensely committed followers, even if their overall base of support is small. The caucus process takes much longer than simple ballot voting does so casual voters stay away while passionate supporters show up. That means overall turnout is way lower than in a primary, which in turn means that a dark horse candidate who lacks money and name recognition can pull a huge upset by mobilizing his fans. That's how Huckabee won Iowa in 2008 and Santorum won in 2012, with Ron Paul a close third. So I suspect this is Rand planning a run in 2016 and wanting to be able to count on Ron's crazy passionate supporters to give him a win in the caucuses. But the thing is that Rand has enough going for him that he may not even need the Ronulons to grab him a victory. I'm impressed with Rand so far and I like him but before I can like-like him he's going to have to eventually choose between the views and tactics of his father's Paulbots and his own path. Have some confidence in your own appeal, Rand. Adam Lanza Planned the Sandy Hook Massacre For Years He was obsessed with mass murders and had compiled a massive spreadsheet of details of killings that measured 7' by 4'. What investigators found was a chilling spreadsheet 7 feet long and 4 feet wide that required a special printer, a document that contained Lanza's obsessive, extensive research - in nine-point font - about mass murders of the past, and even attempted murders. And he wanted his name in the number one position. Plus it appears that his mother may have enabled his obsession with guns. How much she really knew about her son's mental state and planning we may never know. "The fascination (Lanza) had with this subject matter, the complete and total concentration. There really was no other subject matter inside his head. Just this: Kill, kill, kill. Uh Oh: First Pop of the Coming Bubble Bath This isn't the first time that a Chinese company has gone bankrupt but it is the first time that one has been allowed to go bankrupt publicly and stiff its bondholders. And it won't be the last - all those ghost cities won't pay for themselves. For the first time, a mainland Chinese company has defaulted on its bonds. SunTech Power Holdings has been clinging on by its teeth but after failing to repay $541mm of notes due on March 15th - and following four consecutive quarters of losses through the first quarter of 2012 and since then having failed to report quarterly earnings - owed to Chinese domestic lenders, the firm is restructuring. ...This is highly unusual and perhaps is the beginning of a trend for Chinese firms. We already know the little discussed but gargantuan size of China's corporate bond market (which dwarves the US relative to GDP) as the mis-allocated credit tsunami of the last few years begins to hit its lending limit - just as Chinese corporate leverage is surging. Also China Finally Doing Away with the One-Child Policy China's demographics have been dramatically skewed by strict family planning. Last year, the working age population shrank for the first time in 50 years, a serious threat in an economy built on a huge pool of cheap labour. How Guys Will Really Use Google Glasses Works for me. And don't trust that Siri - she's a blabber. Sword Facts & Myths And our own Christopher Taylor points out that most of what we think we know about Medieval swords and sword-fighting is wrong: And the weapons were much better than is generally understood as well. The katana is a very fine sword made of multiple layers of different kinds of metal to generate strength and flexibility, with a harder section at the blade to retain sharpness and a softer at the spine to allow the blade to bend. This results in a very sharp, very strong sword that does not break easily. The process is very difficult and time consuming, involving folding and pounding the weapon, using a cooling and heating process that greatly strengthens the metal and blends in various elements. ...In other words, the medieval knight learned martial arts, just not the eastern kind. And since that became obsolete due to gunpowder, people stopped teaching it and it faded away. The west tends to do that: we abandon what doesn't work anymore and don't whine about lost culture, we pick up what's better. That's why the Japanese were still fighting with swords in the 1800s and the west had rifles and steam ships. Eastern culture tends to be one of deep reverence for tradition and strong opposition to change and the new. The Yahoo AoSHQ group. Bla bla bla. And my twitter thang. Tonight's post brought to you by Friedmanesque one-stop shopping: Notice: Posted by permission of AceCorp LLC. Please e-mail overnight open thread tips to maetenloch at gmail. 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The Morning Report (11/13/24) Substitute Edition
Daily Tech News 13 November 2024 Open Thread Cuck the Bull Cafe Clooney Complains of Being Made a "Scapegoat" for Kamala's Loss; Will "Step Back from Politics" CNN to Axe HUNDREDS of "Workers," Including Top "Talent" DOJ Lawyers "Terrified" of Trump's Return; Key Trump Lawyer Says Either Get on Board, or GTFO Is This Something? Melania Declines "Doctor" Jill Biden's Invitation to the White House, Probably Due to Her Husband Ordering a Federal Raid of Her Home Disgraced FEMA Official Marn'i Washington: I'm a "Scapegoat," Skipping Trump Homes Was General FEMA Policy and We Skipped Trump Homes in the Carolinas, Too Chris Wallace Quits (or "Quits") CNN, Supposedly to Focus on His Podcast or Something Search
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