Tuesday, April 30, 2013

Study: Sandy dumped 11 billion gallons of sewage into surrounding waters, mostly in NYC and NJ | Fox News

Study: Sandy dumped 11 billion gallons of sewage into surrounding waters, mostly in NYC and NJ | Fox News: "Superstorm Sandy released 11 billion gallons of sewage from East Coast treatment plants into bodies of water from Washington, D.C., to Connecticut."

"The study found one-third of the spilled sewage was untreated. Ninety-four percent was due to coastal flooding damage."

How does that compare to the gulf oil spill? Will any investigation of fixes be done?

The DJIA Fallacy - Absolute Rights

The DJIA Fallacy - Absolute Rights: "The highest closing price ever for the Dow was achieved on April 10, 2013 reaching $14,802. Compare that to the point reached at the bottom of the great recession of $6,547."

Monday, April 29, 2013

A different road out of poverty: saving instead of borrowing

A different road out of poverty: saving instead of borrowing: "A family chooses how much they want to save each week for a 10-week-long period. After they complete the 10-week phase, GOA rewards the successful savers with 10 percent interest."

That is an APR of 64%! No wonder people like the program -- I'll take that deal any day!

"not all organizations with microsavings programs can provide the 10 percent interest that GOA achieves, which relies heavily on donations."

Further Thoughts on Sensible Gun Legislation | Cato @ Liberty

Further Thoughts on Sensible Gun Legislation | Cato @ Liberty: "Manchin-Toomey is complex and controversial. Committee hearings are necessary and the public must have ample time to review the legislation. Still, considered as a package, a reworked Manchin-Toomey would offer substantial benefits to gun owners while imposing tolerable restrictions—none of which intrudes on core Second Amendment liberties."

But how much would those "tolerable restrictions" actually help?

Would a do-it-yourself gun background check work?

Would a do-it-yourself gun background check work?: "A gun buyer would log in to a free federal web portal and enter some personal information. If the buyer passes the background check, he or she would get a multi-digit key code, good for 30 days, to print out and take to a seller. That seller would use the same portal to confirm the authenticity of the background check."

"That dealer might not be convenient, and may charge a fee for the transfer service, Coburn said. And forcing everyone to go through a licensed dealer would simply push gun sales into the shadows. "If you make it easy for people to comply with the law, they'll do it," he said. "If I'm a gun owner, I want to know I'm not selling to someone who's on the list." "

Friday, April 26, 2013

Meet the current frontrunner for $580K coffee with Tim Cook | Apple - CNET News

Meet the current frontrunner for $580K coffee with Tim Cook | Apple - CNET News: "We are limited with a shoestring budget."

$580,000 can come out of a shoestring budget?

Supreme Court Saves Our Privacy? Media Sleeps | Cato Institute

Supreme Court Saves Our Privacy? Media Sleeps | Cato Institute: "“An invasion of bodily integrity (that) implicates an individual’s most personal and deep-rooted expectations of privacy.”

Crucial to the outcome of this case, as Whitehead emphasizes, is “at no point did the officer attempt to obtain a warrant authorizing the extraction.”"

Thursday, April 25, 2013

When Is Too Much Security Too Much? | Cato Institute

When Is Too Much Security Too Much? | Cato Institute: "A society would make better public-policy decisions as to how much to spend on protection i.e., policing, firefighting, first-response medical systems, and the military if we viewed these expenditures as we do other forms of insurance. A rational person does not spend far more for homeowners and business insurance than the home or business is worth. Most people do not have $100 million in life insurance, because they cannot afford it and because they also implicitly realize that their lives are probably not worth that much."

"we greatly overspend on airline security (because the rare crash is big news) relative to driving, bicycling and walking. According to an analysis published in the American Scientist, “to make flying as dangerous as using a car, a four-plane disaster on the scale of 9/11 would have to occur every month.” The hassles and time loss of going through airline screening causes some people to drive more and fly less (estimates are in the 5 percent range), so the folks at the Transportation Security Administration (TSA) are inadvertently causing more lives to be lost than necessary. "

Property Rights and Lake Cd'A | Cato Institute

Property Rights and Lake Cd'A | Cato Institute: "In 1976, the Court ruled that cities did not even need the excuse of a possible nuisance to regulate land. Instead, cities could take away most uses — and most of the value — of someone’s property for any reason at all, so long as they allowed some use, even if that use did not have much value."

GE Capital cuts off lending to gun shops | Fox News

GE Capital cuts off lending to gun shops | Fox News: "General Electric is quietly cutting off lending to gun shops, as the company rethinks its relationship to firearms amid the fallout from the school shooting in Newtown, Conn."

"GE is based in Fairfield, Conn., and many of the GE's employees live around Newtown, and several have children in the Sandy Hook elementary school, where the shootings took place. Peter Lanza, the father of Sandy Hook gunman Adam Lanza, is an executive at GE Capital."