Archive for April, 2008

Another Problem That Needs a Government Fix

Sunday, April 6, 2008 19:58 Comments Off

Diversifying baseball. There are not enough blacks playing baseball or attending baseball games. Gasp! The D.C. stadium attempts to fix that, at a massive cost to taxpayers. In 1995, 19 percent of major leaguers were African American. This year, that number has dwindled to less than 9 percent. Though the league has a sizeable percentage [...]

This was posted under category: Uncategorized

Putting it Mildly

Sunday, April 6, 2008 19:48 Comments Off

On CNBC’s Squawk Box the other morning, while trying to explain the current economic problems, it was said that “American society has become very short-sighted.” Stuff like this will encourage more of the same.

This was posted under category: Uncategorized

Let’s Foreclose on the Foreclosure Prevention Act of 2008

Sunday, April 6, 2008 18:24 Comments Off

The Foreclosure Prevention Act of 2008 is another New Deal-style power grab that includes some significant provisions, especially the gravy for homebuilders. Extension of Net Operating Loss Carryback. To aid homebuilders and other businesses hit hardest by the economic slump, this bill will extend a law allowing corporations to apply excess net operating losses to [...]

This was posted under category: Uncategorized

Vulgar Logic

Saturday, April 5, 2008 10:13 Comments Off

This is a most common and twisted justification for government, and empowered bureaucrats feast on every opportunity to drum this baloney into the brains of the advice-seeking masses. Manuel Lora’s post. David Kessler as quoted in Robert Higg’s “The FDA: A Billy Club Is Not A Substitute for Eyeglasses” (from Against Leviathan): “If members of [...]

This was posted under category: Uncategorized

Good Thing New Hampshire is a Free State…

Friday, April 4, 2008 17:31 Comments Off

Granny was thrown into jail by Portsmouth police for old parking tickets in the amount of $90. She was nabbed by cops while she pumped gas!, handcuffed, and taken to jail while her elderly dog was impounded. This same town has had their enforcers arresting people for E-ZPass (toll) defaults of less than $1. That [...]

This was posted under category: Uncategorized

The Only Time I Like Mathenomics

Friday, April 4, 2008 17:31 Comments Off

Is when the neoclassicals unwittingly produce a study – from the Journal of Public Economics – that shows that smoking bans lead to more drunk driving. The authors, Scott Adams of the University of Wisconsin-Milwaukee Economics Department and Chad Cotti, currently at the University of South Carolina, call the results “surprising.” “We thought we would [...]

This was posted under category: Uncategorized

The New Fed Gig

Tuesday, April 1, 2008 21:34 Comments Off

Pennycents magazine, which covers micro-cap, penny stocks and otcbb equities, points out that the government’s latest coup – giving the Federal Reserve control over the financial industry – is a power grab that investors should not take lightly. In the last 68 years, there has been only one such major change in regulatory authority in [...]

This was posted under category: Uncategorized

Cash for Good Behavior

Tuesday, April 1, 2008 21:10 Comments Off

Lenders taking back homes in foreclosure – especially in Las Vegas – are having to offer the occupants “cash for keys” in order to get them to leave the home without vandalizing it out of spite due to their unwelcome situation. It seems a large number of people actually trash their (former) home before they [...]

This was posted under category: Uncategorized