The Man From Hope And Crawford

Combining the Clinton White House with the Bush tax cuts.

[F]inally, the day will come, and the first thing Obama will do is…not touch the Bush tax cuts. In addition to proposing a “vast economic stimulus plan,” the Times news pages report today, Obama is “said to be reconsidering a key campaign pledge: his proposal to repeal the Bush tax cuts for the wealthiest Americans. According to several people familiar with the discussions, he might instead let those tax cuts expire as scheduled in 2011, effectively delaying any tax increase while he gives his stimulus plan a chance to work.”

Heh. Is there nothing that Obama can’t do?
I wonder how many loyal Democrats realized during the heated battles of the primaries that they were making a choice between Hillary and Hillary?

Oblio And The Land Of Pointlessness

When I was in college, our class of aspiring commercial artists was required to attend a “reading lab” a few times a week, as part of the course structure. It was during one of these classes that I got up and walked out, creating a minor controversy.
For, instead of wasting our time with grade school reading tasks, our instructor that day decided to waste our time with a grade school morality lecture, in the form of Harry Nilsson’s insufferable album, “The Point”.

200px-Harry_Nilsson_The_Point.jpg “I was on acid and I looked at the trees and I realized that they all came to points, and the little branches came to points, and the houses came to point. I thought, ‘Oh! Everything has a point, and if it doesn’t, then there’s a point to it.'” – Harry Nilsson

So, Bill – I know how you feel.

Reader Tips

Good evening ladies and gentlemen, welcome to SDA Late Nite Radio. Tonight, for your delectation and pursuant to our Saturday night contemporary music show, here is Sade (also known as Helen Folasade Adu, OBE) performing Smooth Operator (1984, 3:35). Gosh she’s sweet.

Speaking of smooth operators, let’s talk about deception. It can be reasonably argued, and the following article does, that deception is one of the highest accomplishments of H. Sapiens Sapiens, because it allows us to work together collectively for the common good.

Meanwhile, it turns out that in practice there is a subset of us who aren’t so good at deception, and it’s not a matter of axiology: it’s a matter of brain structure. Strangely enough, perhaps, it also tends to turn out to be the case that such pathologically honest people are way better than average at systematizing and abstracting forms. (Disclaimer: I am what them there head-shrinkin’ folks call a high-functioning aspergian, don’cha know.)

The path to maximal utility is for our various subsets to recognize the strengths and weaknesses of each perspective, and to work together to synthesize both over-arching and under-girding solutions that mitigate the worst misbehaviours of each particular perspective.

Unfortunately, the focus of some humans, perhaps far too many humans, is on the fight or flight response. You notice how rare it is to hear (at least in the market served by those who are selling the fight or flight response) of the: “oh, calm down, hang around, we’ll work something out” response. Funny how that works. Which market are you in?

Sorry, where was I? Oh yes, here, for those who are interested in this sort of neurostructural dimension to our existence, is Simon Baron-Cohen’s essay I Cannot Tell a Lie – What People with Autism Can Tell us About Honesty at in character magazine. Here’s the money quote:

It is not that the neurotypical brain or the autistic brain is more evolved than the other: each has evolved differently, one to empathize and master the social climate, the other to systematize successfully so as to master the physical niche. The unique qualities of human intelligence are characterized not just by the capacity for mind-reading (and deception), which has enabled humans to work in coordinated activity unusually well, but also by the capacity to systematize, which has enabled humans to understand how things work, and to develop innovative technology par excellence. People with autism, who can perceive patterns better and concentrate better than their peers, are also more honest. Rather than regarding autism as a “disease,” we should recognize it as a difference that deserves our respect. Some features of it, like a learning or language disability, may benefit from treatment. But other features, like remarkable attention to detail and utmost honesty, are valuable human qualities.

Your Reader Tips are, as always, welcome in the comments.

Bailout Required


This California-based financial institution was previously doing a thriving business in no income, no asset, interest only, non-owner occupied mortgages with low “teaser” interest rates, but then for some reason they’ve run out of money:

Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state.

Yes, they are poor unfortunate victims of circumstances beyond their control. There really should be a government program to rescue companies like this that are so vital to the economy.
“h/t”

Reader Tips

Good evening ladies and gentlemen, welcome to SDA Late Nite Radio. Tonight, for your delectation and pursuant to our Friday night old-time radio crime-detective show, here is the Crimson Riddle episode of Calling All Cars (1936, MP3, 6.3 MB, 27:27), brought to you by the Rio Grande oil company.

Deception, Fraud, & Corruption: should that be enough to indict Wall Street? Sure; but it’s worse: it’s actual Stupidity. What do you get when you pay big bux to people who are actually stupid? You get what you deserve, oh fool who has ignored caveat emptor secus emptor culpa.

What am I talking about? Well, I don’t usually sully the SDA Late Nite Radio shows with politics (Vitruvius’s Experimental Election Predictor excepted), but on occasion when slogging through the mud-fields of the Interwebothique prospecting for nuggets of wisdom one finds a true gem.

And so, in keeping with our Friday night crime theme, here is, in my opinion, a most insightful essay into the never-ending bevy of charlatans and shysters against which honest, productive, responsible people must always be on guard:

From Portfolio Magazine, here is Michael Lewis’s essay: The End.

My favourite line in the essay is: Outside it was gorgeous, the blue sky reaching down through the tall buildings and warming the soul. Yes, I understand, it is the single most contrapuntal line in the essay. Why do you think I picked it?

Your Reader Tips are, as always, welcome in the comments.

Let’s Pray Next Year She Pardons A Cow

Why do they still have to kill Thanksgiving turkeys, when they’re available in the supermarket?.
“I’m in charge of the turkey, so I’m where I need to be to prepare for that.”
Heh.
BTW – this is the same MSNBC that published a photo of a U.S. Army captain killed during an assault on Falluja.
Update – “MEDIA DIE AS GOVERNOR PALIN TAKES QUESTIONS FROM TURKEYS.” and don’t miss this, either.
As God is my witness….

CWB: Accelerating Underperformance

Newswire;

In “A Bushel Half Full: Reforming the Canadian Wheat Board,” Sylvain Charlebois and Richard Pedde draw this conclusion based on a benchmarking of CWB price results with US results for comparable grains. The authors conclude that the average farmer who delivers approximately 700 tonnes annually to the CWB pool accounts earns $18,000 less per year than if he sold at US prices.

A Bushel Half Full (PDF)
Updated: Content from an email quoted in Larry Weber’s Nov.21 newsletter;

“In our case, instead of backing prices off to farmer origin, we track US FOB PNW export prices vs. CWB in-store Vancouver, BC prices (which are not precisely the exact same logistical cost points, but differ only in the very small elevator operational cost of moving the wheat from the silo to end of the loading spout).
While CWB would no doubt take exception to this, as they have taken exception to your report, we find that it is a routine practice for the CWB to directly offer price discounts to US market values to foreign customers. At this very moment, there are reports coming from European, Central and South American and Asian markets of CWB offers of discounts between US$10 and $30 per MT below US values – with one Asian customer reporting a recent CWB price indication which was US$ 50 below comparable US values at the time. Naturally, their in-store Vancouver (or St. Lawrence) prices must reflect these discounts to US market prices – and they translate directly into the lower producer returns that you have demonstrated.

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