Supply & Demand

entitlement generation 24 Comments

The immense power of the law of supply & demand is being demonstrated in a big way these days in Western Australia where many uneducated young men are making big $$$$:

One of the fastest-growing costs in the global mining industry are workers like James Dinnison: the 25-year-old high-school dropout from Western Australia makes $200,000 a year running drills in underground mines to extract gold and other minerals.
A precious commodity himself, Mr. Dinnison belongs to a class of nouveau riche rising in remote and mineral-rich parts of the world, such as Western Australia state, where mining companies are investing heavily to develop and expand iron-ore mines. Demand for those willing to work 12-hour days in sometimes dangerous conditions, while living for weeks in dusty small towns, is huge.

Y2Kyoto: The Power of Words

Alternative Subsidy 38 Comments

Government by Harry Potter;

Washington’s press corps this afternoon dutifully parroted the White House announcement that by 2025, cars must get 54.5 mpg. And we’ll put humans on Neptune.
The EPA said the new 900-page regulation will require a 5 percent gain in fuel efficiency per year, will save consumers $1.7 trillion at the pump, and will provide “net societal benefits of $420 billion,” whatever that means. These are carnival-barker numbers. “Drink our serum and you’ll be a foot taller!”
But for harder numbers, how are the automakers doing on the more immediate EPA mandate of 35.5 mpg by 2015? They’re not even close.

It’s Probably Nothing

It's Probably Nothing 10 Comments

“As the size of the Fed’s balance sheet ballooned,” continues Mr. Pento, “the dollar amount of capital held at the Fed has remained fairly constant. Today, the Fed has $52.5 billion of capital backing a $2.7 trillion balance sheet.
“Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out.”

Cornell’s Greatest Moment

Baiting The Left 24 Comments

By a 26-1 vote the Student Assembly of Cornell University in upstate New York passed a resolution earlier this month calling for the conversion of every single-stall bathroom on campus to a gender-neutral facility and prescribing the inclusion of gender-neutral bathrooms in all future University buildings. Why? So as to deal with transgender issues.
Open Question: What do you think their next bathroom related resolution will entail?

Natasha Lennard: America’s Kai Nagata

Media 12 Comments

Remember Kai Nagata? It appears that America has discovered its very own Journo-Activist in the persona of one Natasha Lennard. Like Nagata, she wrote her own version of “Don’t Cry For Me Argentina”.
Not everyone is so quick to let her off the hook though. Are J-Schools actually able to churn out unbiased journalists anymore or is every graduate predestined to be a far left “social activist”?!
Here’s Lennard helping organize a group of fellow comrades:

Employment Opportunity for the Occupy Protesters

Little Known Facts 34 Comments

Many of the Urban Camping Aficionados have stated over & over again that there’s no work for them. Well, one division of the U.S. Government has just posted a new job ad that might very well be perfect for them.
There are a few restrictions though:

  • Height between 5’2″ and 6’3″
  • 20/20 vision or correctable to the same
  • Blood pressure not to exceed 140/90 measured in a sitting position
  • Regular drug-testing will be required

While the last item may knock out of contention many of the Occupy crowd, surely there must be some who would pass. Interested Occupy participants and/or SDA trolls can check out a few other requirements here.

This Is Awkward

Uncategorized 8 Comments

Independent, UK;

The BBC has owned up to a “nominal fee” programming scandal in which viewers of 15 editorial programmes were hoodwinked by “serious” conflicts of interest of programme makers and a failure to declare that documentaries had outside sponsors.
[…]
An audit of BBC World programmes uncovered a series of current affairs programmes that – in breach of guidelines – had been funded by corporate sponsorship, which was often not declared.
One of the programmes in breach of guidelines was “Taking the Credit” made by for BBC World on the subject of Africa and climate change by the award-winning British production company Rockhopper television. The Trust found that the programme had effectively been sponsored by the Envirotrade organisation, despite the fact that current affairs programmes are prohibited from using sponsorship. Envirotrade was featured in a positive light in the programme but “viewers were unaware that there was a funding arrangement in place,” said the Trust report.

h/t Robert of Ottawa

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