Tag Archives: children

Map of the Day: We Have Met the Enemy, and the Enemy is Squirrels

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

The American electrical grid remained under sustained assault in 2015 from squirrel attacks. The Obama administration, feckless as always, failed to understand the threat and protect the American people. If they refuse to even say the words “evolutionarily maladapted squirrels,” what chance do they have of defeating the enemy?

Originally posted here:  

Map of the Day: We Have Met the Enemy, and the Enemy is Squirrels

Posted in Cyber, FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Map of the Day: We Have Met the Enemy, and the Enemy is Squirrels

China Baits the Forex Gods

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Yesterday:

Wagers that the yuan will slump 10% or more against the dollar are “ridiculous and impossible,” a senior Chinese economic official said Monday, warning that China had a sufficient tool kit to defeat attacks on its currency. “Attempts to sell short the renminbi will not succeed,” said Han Jun, deputy director of the office of the Central Leading Group on Financial and Economic Affairs, at a briefing at the Chinese Consulate in New York.

I suppose he’s probably right. Still, this has an uncomfortable ring of the kind of thing treasury officials tend to say just before a sustained assault on their currency demonstrates that even huge autocracies with lots of foreign reserves aren’t immune to market forces. Stay tuned.

Taken from: 

China Baits the Forex Gods

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , | Comments Off on China Baits the Forex Gods

If Money Is Speech, the First Amendment Is a Billionaire’s Dream

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

The argument for a union shop is pretty straightforward: even if you hate your union, they perform collective bargaining for everyone, including you. Since you benefit from that bargaining, you should be required to pay union dues. After all, if dues are optional, why would anyone pay? Why not just let all the other suckers pay while you reap the benefits free of charge?

There’s another version of this argument that’s even more straightforward: if union shops are illegal—as they are in so-called “right to work” states—it’s all but impossible to set up a union. This is why the Chamber of Commerce and pretty much all Republicans are great fans of the open shop. It basically destroys the ability of unions to operate.

But what about public employee unions? What if you object to your union’s political views and don’t want to sponsor them? The answer, in many states, is that you can partially opt out of union dues, paying only an “agency fee” specifically designated for collective bargaining activities.

Problem solved? Not quite. What if you think that even collective bargaining is inherently a political stance when you’re bargaining with the government? Should you be allowed to opt out of union dues entirely? Today the Supreme Court heard arguments on this, and it didn’t go well for union supporters:

The justices appeared divided along familiar lines during an extended argument over whether government workers who choose not to join unions may nonetheless be required to help pay for collective bargaining. The court’s conservative majority appeared ready to say that such compelled financial support violates the First Amendment.

Collective bargaining, Justice Anthony M. Kennedy said, is inherently political when the government is the employer, and issues like merit pay, promotions and classroom size are subject to negotiation.

The best hope for a victory for the unions had rested with Justice Antonin Scalia, who has written and said things sympathetic to their position. But he was consistently hostileon Monday. “The problem is that everything that is bargained for with the government is within the political sphere,” he said.

In one sense, there’s nothing new to say about this. The liberal-conservative split on the Supreme Court has hardened over the past couple of decades, and we simply don’t see very much principled opposition to party lines anymore. Conservatives hate unions, so conservative Supreme Court justices are going to rule against unions whenever and wherever possible. They’ll make up the reasons afterward.

But there’s another sense in which this is interesting: it’s yet another step in the evolution of the conservative Supreme Court’s insistence that money is speech. In Citizens United and subsequent cases, they’ve all but wiped out any possible regulation of campaign finance on the grounds that campaign donations fund campaign speech. So if you can’t regulate political speech, you can’t regulate political money either.

Now they seem set to do the same for unions. If collective bargaining is inherently political speech, then you can’t force people to fund it. That’s a prima facie violation of the First Amendment.

I wonder how far this can go? After all, you can make a case that spending money is nearly always implicit speech: my purchase of a Snickers bar is a public declaration that Snickers bars are delicious, and my company’s dodgy advertising claims are a declaration of deeply held corporate emotions. So much for regulation of sugary snacks or false advertising.

Money is speech. Speech can’t be regulated. Therefore, money can’t be regulated. It’s a pretty simple syllogism. And, possibly, a pretty handy one.

Read More:  

If Money Is Speech, the First Amendment Is a Billionaire’s Dream

Posted in alo, Citizen, Everyone, FF, GE, LAI, LG, ONA, PUR, Uncategorized, Venta | Tagged , , , , , , , , , , , | Comments Off on If Money Is Speech, the First Amendment Is a Billionaire’s Dream

The CARD Act Has Saved Us $12 Billion Per Year

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Who do credit card companies make the most money from? Answer: the poor, by far, because they rack up the highest fees and the highest interest expense. Card issuers also make some money on the rich, because they buy a lot of stuff. This generates interchange fees (usually 2-3 percent of the amount charged) that exceed the cost the reward points they dole out to attract these customers.

It’s the customers in the middle who cost them. They don’t buy enough stuff to generate lots interchange fees, but they aren’t poor enough to get themselves stuck with lots of late fees and interest charges. The chart below shows this. Folks with FICO scores between 660 and 730 (representing about a third of all customers) are net losses for credit card companies.

This comes from a paper written last year about the effect of the CARD Act, a law passed in 2009 that modestly regulated the credit card industry. The authors’ conclusion: “The CARD Act successfully reduced borrowing costs, in particular for borrowers with the lowest FICO scores. We find no evidence for offsetting increases in other costs or a decline in credit volume.” All in all, the CARD Act saved consumers—mostly lower-income consumers—about $12 billion per year. For much more, see today’s Harold Pollack interview with one of the authors here.

Taken from – 

The CARD Act Has Saved Us $12 Billion Per Year

Posted in ATTRA, FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , , | Comments Off on The CARD Act Has Saved Us $12 Billion Per Year

Hip Hip Hooray For They!

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

The Washington Post reports some terrific news:

Singular “they,” the gender-neutral pronoun, has been named the Word of the Year by a crowd of over 200 linguists at the American Dialect Society’s annual meeting in Washington, D.C. on Friday evening.

….The Post’s style guide ratified this usage last month, which caused some grammar pedants to shriek. But as Post copy editor Bill Walsh explained, the singular they is “the only sensible solution to English’s lack of a gender-neutral third-person singular personal pronoun.”

OK, so we can now say:

I talked to Pat, and they said the sofa was on its way.
Pat said their sofa had been promised for tomorrow.
Pat came over, and I talked to them about when the sofa would arrive.

Takes some getting used to, doesn’t it? But I’m all for it. I will celebrate the day when gendered pronouns are gone for good.

More:

Hip Hip Hooray For They!

Posted in FF, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Hip Hip Hooray For They!

Quote of the Day: We Are Not Teaching Our Children Enough Vocabulary to Navigate the Modern World

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

From a recent study on swearing:

Both formats produced positive correlations between COWAT fluency, animal fluency, and taboo word fluency, supporting the fluency-is-fluency hypothesis. In each study, a set of 10 taboo words accounted for 55–60% of all taboo word data.

What this means is that people who cuss a lot are smarter than the rest of you. So there. Wonkblog’s Ana Swanson, who apparently has access to the full paper, explains further:

In order to use bad words appropriately, people still have to understand nuanced distinctions about language, the paper says. As such, cursing isn’t a sign of a limited vocabulary at all. Past research has shown that when people are really at a loss for words, they tend to say things like “er” or “um,” rather than cursing. Other studies have shown that college students are more likely to use curse words, and that this group tends to have a larger vocabulary than the population in general.

“A voluminous taboo lexicon may better be considered an indicator of healthy verbal abilities rather than a cover for their deficiencies,” the researchers write.

Quite so. And on that score, the study’s findings should give us all pause. Take a look at the chart on the right, which shows the number of words people could dredge up in three different categories. Apparently the average American can come up with only 11 curse words. Eleven! That’s pathetic. I have dreams where I use more curse words than that. Of course, there’s much I don’t know about the methodology of this study. How much time did people have to come up with words? How unique did words have to be? Are fuck and fuckwit separate words, or merely different members of the vast fuck family? It would cost me $35.95 to find out, and you can guess how likely I am to spend my Christmas money on that.

View this article:  

Quote of the Day: We Are Not Teaching Our Children Enough Vocabulary to Navigate the Modern World

Posted in FF, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on Quote of the Day: We Are Not Teaching Our Children Enough Vocabulary to Navigate the Modern World

Russia Is Pretending to Be Angry Over Montenegro Joining NATO

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

After seven years of work, Montenegro has finally been invited to join NATO:

NATO announced plans on Wednesday to enlarge its membership, a move that brought an angry response from Moscow….In Moscow, a Kremlin spokesman, Dmitry S. Peskov, said that NATO’s expansion would be met with retaliatory measures from Russia, Reuters reported, and Russia was also reportedly planning to halt joint projects with Montenegro.

In case you’re geographically challenged, the map on the right shows NATO’s current members (in dark blue) as well as the location of Montenegro. As you can see, Montenegro is across the Adriatic from Italy, about 500 miles from Ukraine and a thousand miles from Russia. Joining NATO is not exactly a threat either to Russia’s borders or to its sphere of influence.

But it used to be part of Yugoslavia, which was a Soviet ally back in the day. So this requires Vladimir Putin to stamp his feet and claim that Russia’s heritage is being attacked by the West, blah blah blah. You may safely ignore it. This hardly came as a surprise to the Russians, and it hardly represents a threat to them. It’s just an opportunity for a bit of jingoism to shore up the home market.

See the original article here:

Russia Is Pretending to Be Angry Over Montenegro Joining NATO

Posted in FF, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on Russia Is Pretending to Be Angry Over Montenegro Joining NATO

Big Banks Lose a Battle

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

In order to close a $70 billion gap in highway funding, Congress plans to raid the Federal Reserve and sell some oil from the Strategic Petroleum Reserve. Yesterday I called these moves “ill considered,” but David Dayen writes that there’s at least one pay-for in the transportation bill that’s also pretty good public policy.

Ever since its founding, the Fed has paid banks a 6 percent annual dividend on the stock they buy to become members of the Federal Reserve system. In 1913 this was designed to entice banks to join the newfangled scheme. Today, it’s just an annual gift. So Senate drafters decided to cut the dividend to 1.5 percent and use the rest of the money for the transportation bill. Banks went ballistic, but in the end they were unable to keep their full handout:

When the final bill was released Tuesday, the dividend reduction remained in there, albeit with some modifications.

The reduction now applies only to banks with over $10 billion in assets, compared to the $1 billion threshold in the original bill. Instead of cutting the dividend to 1.5 percent, the rate will now match the interest rate of the highest-yield 10-year Treasury note at the point that the dividend is due. For context, the high yield at the last Treasury auction was 2.304 percent.

It’s a small thing, but it’s always nice to see big banks lose a battle now and again. It keeps us all on our toes.

View article: 

Big Banks Lose a Battle

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , | Comments Off on Big Banks Lose a Battle

Ted Cruz Is Counting On Republican Voters To Be Less Bloodthirsty Than Most People Think

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

One of the interesting things about the GOP primary race is that uber-conservative Ted Cruz is a bit of a dove when it comes to foreign policy. It’s not always easy to see this behind the bellicose rhetoric favored by Republicans, but even at the very beginning of Cruz’s campaign he said things like, “It’s worth noting, in eight years, the largest country Ronald Reagan ever invaded was Grenada.” In the four debates so far, Cruz has adopted less hawkish positions than most of the other candidates, and today he spelled out his national security stance in an AP interview:

While promising to destroy the Islamic State, beat back aggression from Russia, China and Iran, and ensure extremists don’t infiltrate the U.S. homeland, Cruz also places notable limits on his approach to national security. While Syrian president Bashar Assad is undoubtedly a “bad man,” removing him from power would be “materially worse for U.S. national security interests.” He is unwilling to send more U.S. ground forces into the Middle East and rejects the idea that torture can serve as an appropriate interrogation tool.

“We can defend our nation and be strong and uphold our values,” he says. “There is a reason the bad guys engage in torture. ISIS engages in torture. Iran engages in torture. America does not need to torture to protect ourselves.

But if Cruz is generally trying to position himself as the most conservative candidate running, why the restraint on foreign policy? Brian Beutler argues that it’s because Cruz understands the conservative base better than Marco Rubio and some of the other candidates:

Cruz is highly attuned to the views and grievances that animate Republican voters, even when they are out of step with the right-intellectual consensus. One of these arenas, where the right-wing position on a left-right axis fails to neatly line up with Republican voter sentiment, is foreign policy.

Though they share a desire to be tough on terrorism, grassroots conservatives, unlike many Washington hardliners, don’t want the U.S. mired in unbounded entanglements. Here, the rightmost position—Rubio-esque neoconservatism—is identified with the dreaded Washington establishment, while organic conservative preferences are reflected in broad support for less militarily adventurous candidates. Republican voters trust Donald Trump to fight terrorism more than any other candidate by a wide margin….These voters consider anti-terrorism a priority but are uninterested in a return to the George W. Bush doctrine. It’s why Trump’s line about “bombing the shit/hell” out of ISIS is such a hit with his supporters—but those supporters would also rather Russia get bogged down in an ugly war than us.

It’s also why Cruz isn’t crouching against Rubio’s foreign-policy attacks, but counter-striking with a ferocity, and an approach, that will surprise the shapers of conventional wisdom.

This difference is likely to become sharper over the next month or two. Both Rubio and Cruz probably think it’s helpful to carve out some concrete differences with the other, and both probably think their version of foreign policy is better attuned to the current Republican id.

So who’s right? I wouldn’t presume to guess at the details of the Republican id at the moment. But I will say that both Iowa and New Hampshire probably still bear traces of traditional conservative isolationism, and Cruz’s approach might go down pretty well there. Once the primary moves to other states, who knows? But wins in the first two states sure wouldn’t hurt Cruz’s chances.

Read more:

Ted Cruz Is Counting On Republican Voters To Be Less Bloodthirsty Than Most People Think

Posted in FF, GE, LG, ONA, organic, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Ted Cruz Is Counting On Republican Voters To Be Less Bloodthirsty Than Most People Think

The Great Donald Trump Polling Gap, Not Explained

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Here’s something pretty interesting: it turns out that Donald Trump does significantly better in robocall and online polls than he does in traditional live-interview polls. Harry Enten shows the difference on the right. As Trump might say, it’s yuuuge: a full ten-point difference in the latest polling.

This is peculiar for several reasons. First, this gap didn’t really open up until September. Second, we never saw a gap of this size in 2012. Third, since Enten doesn’t mention this, I assume other 2016 candidates don’t show gaps anywhere near this big.

So what’s going on? Enten suggests a few reasons why non-live polls might be a bit less accurate, but in the end he doesn’t really know. And whatever the reason, why does it affect only Trump in a substantial way? This is very mysterious. And until people start voting, we don’t even know for sure which type of poll is more predictive. It’s just another way in which this year’s Republican primary is winning awards for all-time weirdness.

View article:

The Great Donald Trump Polling Gap, Not Explained

Posted in FF, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , | Comments Off on The Great Donald Trump Polling Gap, Not Explained