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There Is Life after Default - Peter G. Klein - Mises Daily: "selling assets at fire-sale prices under dire circumstances is far from the best option, but as this literature points out, it is often better than bankruptcy or liquidation. One of the best-known results (documented by John and Ofek) is that asset sales tend to increase firm value when they result in an increase in focus. Would it really be so bad if the US government sold off some foreign treasuries and currency, the Strategic Petroleum Reserve, its vast holdings of commercial land, and other elements of its highly diversified and unaccountably bloated portfolio?"
Monday, October 14, 2013
Student says she was suspended for acting as designated driver | Fox News
Student says she was suspended for acting as designated driver | Fox News: "a friend of 17-year-old Erin Cox messaged her and said she was too drunk to drive home from a party she was attending "
"Cox drove to the home and snaked through a crowd of teens to find her friend. But shortly afterward, police from Boxford, Georgetown, North Andover and Haverhill arrived to break up the party"
"Cox claims she didn’t drink at the party and was cleared by police, who said she was not in any possession of alcohol"
"Cox drove to the home and snaked through a crowd of teens to find her friend. But shortly afterward, police from Boxford, Georgetown, North Andover and Haverhill arrived to break up the party"
"Cox claims she didn’t drink at the party and was cleared by police, who said she was not in any possession of alcohol"
Shutdown EPA workers clean up a river anyway - CSMonitor.com
Shutdown EPA workers clean up a river anyway - CSMonitor.com: "Scientists with the Water Protection Division of the Environmental Protection Agency (EPA) in Atlanta may be out of a paycheck for now, but they're not giving up on service.
On Oct. 8, 15 staffers from the agency's Atlanta office headed down to a trash-filled urban stream that a local business owner had complained about, and cleaned it up."
Since they will probably be paid for their time during the shutdown, it's nice to see them still helping.
On Oct. 8, 15 staffers from the agency's Atlanta office headed down to a trash-filled urban stream that a local business owner had complained about, and cleaned it up."
Since they will probably be paid for their time during the shutdown, it's nice to see them still helping.
Panicked Food Stamp Shoppers Clean Out Walmart Shelves | Independent Journal Review
Panicked Food Stamp Shoppers Clean Out Walmart Shelves | Independent Journal Review: "From 7 to 9 p.m., people were loading up their carts, but when the cards began showing limits again around 9, one woman was detained because she rang up a bill of $700.00 and only had .49 on her card. She was held by police until corporate Walmart said they wouldn’t press charges if she left the food.
At 9 p.m., when the cards came back online and it was announced over the loud speaker, people just left their carts full of food in the aisles and left. Walmart employees could still be seen putting food from the carts back on the shelves as late as Sunday afternoon.
So, Walmart attempts to help needy families buy food during a computer glitch that prohibits the company from checking EBT card balances – and this is what happens. Yet, the left rants about “corporate greed.”"
'via Blog this'
At 9 p.m., when the cards came back online and it was announced over the loud speaker, people just left their carts full of food in the aisles and left. Walmart employees could still be seen putting food from the carts back on the shelves as late as Sunday afternoon.
So, Walmart attempts to help needy families buy food during a computer glitch that prohibits the company from checking EBT card balances – and this is what happens. Yet, the left rants about “corporate greed.”"
'via Blog this'
Thursday, October 10, 2013
PLOS Medicine: Why Most Published Research Findings Are False
PLOS Medicine: Why Most Published Research Findings Are False: "Simulations show that for most study designs and settings, it is more likely for a research claim to be false than true. Moreover, for many current scientific fields, claimed research findings may often be simply accurate measures of the prevailing bias."
The Public Demonization of Bisphenol-A: I Smell a Rat | Cato Institute
The Public Demonization of Bisphenol-A: I Smell a Rat | Cato Institute: "The average human dietary exposure is about 0.3 micrograms/kilogram of body weight for infants. The rats got 250. Not through the tummy, either."
Concentration matters: If you give someone too much of even a good thing, they will die.
Concentration matters: If you give someone too much of even a good thing, they will die.
8 Lawmakers Arrested at Immigration Protest - NYTimes.com
8 Lawmakers Arrested at Immigration Protest - NYTimes.com: "The lawmakers, all Democrats, were detained by the Capitol Police after they stood silently in a line in the middle of a street that borders the Capitol lawn, blocking traffic."
It's one thing to say your piece -- quite another to just bother other people.
It's one thing to say your piece -- quite another to just bother other people.
Wednesday, October 09, 2013
An Opening to Iran? - Campaign for Liberty
An Opening to Iran? - Campaign for Liberty: "I have been saying for years that we should just talk to the Iranians. After all, we talked to the Soviets when they actually had thousands of nuclear missiles pointed at us!"
Obamacare's Real Glitch | Cato Institute
Obamacare's Real Glitch | Cato Institute: "After one week of the exchanges, Kentucky was being widely hailed as leading the country in Obamacare enrollment. Still, just 8,309 people had signed up, about 0.2 percent of the state’s population, and just 1.3 percent of the estimated 650,000 Kentuckians without insurance."
"Fewer than 500 people had enrolled in Connecticut as of late last week, and just 366 in Rhode Island."
"Obamacare needs large numbers of young and healthy people to sign up in order to offset the cost of covering older and sicker people. If those young people don’t enroll — by some estimates, the administration needs at least 2.5 million — the entire insurance pool could collapse amidst what actuaries refer to as a “death spiral.” "
"A study by Avalere Health found that Obamacare’s “affordable” bronze plans had an average deductible of $5,150, more than four times higher than the average deductible in employer-sponsored coverage this year."
"The CBO recently warned that due to the law, the equivalent of 800,000 full-time workers will leave the labor force over the next ten years."
"If those [Medicare] reimbursements are limited as the law mandates, Medicare will pay physicians less than Medicaid by 2020, and, by mid century, will be reimbursing providers barely half as much as private health insurance, well below the actual cost of providing care. In effect, physicians will be losing money every time they treat a Medicare patient."
"Fewer than 500 people had enrolled in Connecticut as of late last week, and just 366 in Rhode Island."
"Obamacare needs large numbers of young and healthy people to sign up in order to offset the cost of covering older and sicker people. If those young people don’t enroll — by some estimates, the administration needs at least 2.5 million — the entire insurance pool could collapse amidst what actuaries refer to as a “death spiral.” "
"A study by Avalere Health found that Obamacare’s “affordable” bronze plans had an average deductible of $5,150, more than four times higher than the average deductible in employer-sponsored coverage this year."
"The CBO recently warned that due to the law, the equivalent of 800,000 full-time workers will leave the labor force over the next ten years."
"If those [Medicare] reimbursements are limited as the law mandates, Medicare will pay physicians less than Medicaid by 2020, and, by mid century, will be reimbursing providers barely half as much as private health insurance, well below the actual cost of providing care. In effect, physicians will be losing money every time they treat a Medicare patient."
Tuesday, October 08, 2013
Honk if You Love the Mass-Produced Automobile | Cato Institute
Honk if You Love the Mass-Produced Automobile | Cato Institute: "According to data from the Bureau of Transportation Statistics—counting both user costs and subsidies—public transportation costs nearly four times as much per passenger mile as driving, while Amtrak costs well over twice as much."
"By tripling urban travel speeds, autos gave workers access to better jobs and employers access to a wider pool of workers, contributing to a huge increase in worker productivity."
"Automobiles relieved people of the need to live in cramped tenements that were within walking distance of their jobs. By giving workers access to cheap, unregulated land at the urban periphery, cars contributed to a 50% rise in home ownership rates since 1940. Cars also gave everyone access to a huge variety of low-cost consumer goods. In 1913, the average grocery store had fewer than 500 products for sale; today, the average is more than 20,000."
"Cars were an essential ingredient in both the civil rights and women’s rights movements. The Montgomery bus boycott succeeded because enough blacks owned cars that they could share rides to work with former bus riders. Women’s rights became a certainty when enough families owned two cars so that both spouses could drive to work."
"Before cars, trucks and tractors replaced animal power, farmers devoted close to a third of their land to relatively unproductive pasture. Since 1913, close to 200 million acres of that pasture has been converted to productive crop or forest land. By comparison, all the low-density suburbs in America occupy well under 100 million acres."
"For example, in 1912, fewer than one out of 4,000 Americans visited Yellowstone Park; last year, it was more than one out of 100. Autos greatly contributed to human health and safety. Thanks to paved streets and automotive technology, fire departments and paramedics save hundreds of thousands of homes and thousands of lives each year.
When Hurricane Katrina struck the Gulf Coast in 2005, New Orleans had the second-lowest per-capita auto ownership of any major city in America. As documented in news reports at the time, a result of the immobility was tragedy as hundreds of people died and tens of thousands were stuck in the city. When Hurricane Rita hit Houston a few weeks later, autos allowed four million people to evacuate with almost no casualties."
"By tripling urban travel speeds, autos gave workers access to better jobs and employers access to a wider pool of workers, contributing to a huge increase in worker productivity."
"Automobiles relieved people of the need to live in cramped tenements that were within walking distance of their jobs. By giving workers access to cheap, unregulated land at the urban periphery, cars contributed to a 50% rise in home ownership rates since 1940. Cars also gave everyone access to a huge variety of low-cost consumer goods. In 1913, the average grocery store had fewer than 500 products for sale; today, the average is more than 20,000."
"Cars were an essential ingredient in both the civil rights and women’s rights movements. The Montgomery bus boycott succeeded because enough blacks owned cars that they could share rides to work with former bus riders. Women’s rights became a certainty when enough families owned two cars so that both spouses could drive to work."
"Before cars, trucks and tractors replaced animal power, farmers devoted close to a third of their land to relatively unproductive pasture. Since 1913, close to 200 million acres of that pasture has been converted to productive crop or forest land. By comparison, all the low-density suburbs in America occupy well under 100 million acres."
"For example, in 1912, fewer than one out of 4,000 Americans visited Yellowstone Park; last year, it was more than one out of 100. Autos greatly contributed to human health and safety. Thanks to paved streets and automotive technology, fire departments and paramedics save hundreds of thousands of homes and thousands of lives each year.
When Hurricane Katrina struck the Gulf Coast in 2005, New Orleans had the second-lowest per-capita auto ownership of any major city in America. As documented in news reports at the time, a result of the immobility was tragedy as hundreds of people died and tens of thousands were stuck in the city. When Hurricane Rita hit Houston a few weeks later, autos allowed four million people to evacuate with almost no casualties."
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