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  • May 2011
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links for 2011-05-16

  • Quote:"According to Newton County Sheriff, Don Hartman Sr., random house to house searches are now possible and could be helpful following the Barnes v. STATE of INDIANA Supreme Court ruling issued on May 12th, 2011. When asked three separate times due to the astounding callousness as it relates to trampling the inherent natural rights of Americans, he emphatically indicated that he would use random house to house checks, adding he felt people will welcome random searches if it means capturing a criminal.

    // Don't kid yourself Sheriff, the decision only prevents homeowners from defending their property from illegal searches. It does not change the fact the searches are still illegal. Unfortunately, I'm sure many people are going to consent to these searches, making them legal.

  • Quote:"
    Led by researcher Daniel Favre, the alarming study found that bees reacted significantly to cell phones that were placed near or in hives in call-making mode. The bees sensed the signals transmitted when the phones rang, and emitted heavy buzzing noise during the calls. The calls act as an instinctive warning to leave the hive, but the frequency confuses the bees, causing them to fly erratically. The study found that the bees’ buzzing noise increases ten times when a cell phone is ringing or making a call – aka when signals are being transmitted, but remained normal when not in use.

    The signals cause the bees to become lost and disoriented. The impact has already been felt the world over, as the population of bees in the U.S. and the U.K. has decreased by almost half in the last thirty years – which coincides with the popularization and acceptance of cell phones as a personal device. Studies as far back as 2008 have found that bees are repelled by cell phone signals.

  • Quote:"The planet reacts to that extra carbon dioxide, which changes everything. Most critically, the extra warmth causes more water to evaporate from the oceans. But does the water hang around and increase the height of moist air in the atmosphere, or does it simply create more clouds and rain? Back in 1980, when the carbon dioxide theory started, no one knew. The alarmists guessed that it would increase the height of moist air around the planet, which would warm the planet even further, because the moist air is also a greenhouse gas.

    This is the core idea of every official climate model: For each bit of warming due to carbon dioxide, they claim it ends up causing three bits of warming due to the extra moist air. The climate models amplify the carbon dioxide warming by a factor of three — so two-thirds of their projected warming is due to extra moist air (and other factors); only one-third is due to extra carbon dioxide.

    That’s the core of the issue.// Read whole thing

  • Quote:"Additionally, corporate America and it's current hiring practices are flawed. A "black swan" event if you will I predict is coming where they did nothing but hire perfect yesmen and yeswomen who never rocked the boat and never spoke out on anything, either in their professional or personal lives. And much like the banking industry collapsed because nobody dared to speak out or point out the obvious, employers in general are going to have their Iceberg-Meets-Titanic-Moment and realize the "perfect" obedient employees they've been hiring are NOT good leaders, capable of piloting the company out of harms way and into success.

    So the short version of the story ladies and gentlemen is this;

    Blog away.

    Like you were going to get a job anyway?

  • Quote:"The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.

    // Finally, some good news.

  • Quote:"China, the biggest buyer of U.S. securities, trimmed its holdings for a fifth straight month.

    The Treasury Department said Monday that China cut its holdings by $9.2 billion to $1.14 trillion.

    Japan, the second-largest foreign holder, boosted its holdings by $17.6 billion to $907.9 billion. There had been concerns that the March 11 earthquake and tsunami would lead Japan to scale back its purchases so it could use the money for reconstruction.

    Britain, the third-largest buyer, increased its holdings by 10 percent to $325.2 billion in March.

    Total foreign holdings increased by $4.9 billion to $4.48 trillion.

    Treasury Secretary Timothy Geithner said the government will reach its $14.3 trillion borrowing limit on Monday.

    // I'm sure nothing bad will happen…

  • Quote:"With no video, no search optimization, no slide shows, and a design that is right out of mid-’90s manual on HTML, The Drudge Report provides 7 percent of the inbound referrals to the top news sites in the country.

    // What's funny, I hate video, slide shows, and modern page design that forces ridiculous pagination.


From the Notebook

Thor (Marvel Comics)

Image via Wikipedia

-April jobs report had the US economy adding 244,000 jobs, which closely matched the March numbers. This was celebrated in the media, but the news isn’t as good as you might think. The economy needs to add between 110,000 and 150,000 jobs a month (on average) to keep up with new job market entrants. This means, if the economy averages 250,000 jobs every month, in order to recover the 8 million jobs lost in the recession, it will take 57 months of uninterrupted growth. But there’s another problem,  the unemployment numbers don’t count those people who were never employed in the first place during the three years of the recession. This means, at the 110,000 rate, there are 4 million jobs to make up in addition to the jobs lost. If we add this lost generation of workers to the mix, it will take 86 months to fully recover from this recession. That is seven years from now.

-For those wondering, Twins aren’t dead yet. But they’re close. There are plenty of 13/14/15 games back comebacks in the history of baseball. The Twins have a lot of home games left, and a lot of games against their division rivals. This means they do control their destiny. But Mauer needs get back in the lineup for there to be some hope. Also, Morneau needs to get back into form. And Liriano needs to settle into a rythme. And it’d be nice to get Thome back. And Nishioka. And this all needs to happen in the next three weeks or so.

-I don’t know who started referring to blog posts as “blogs” but everyone needs to stop. A blog is a website with posts in reverse chronological order. A post on a blog is one of those entries. So stop saying “wrote a new blog” unless you actually created a new website. Just say “new post at my blog.” Thank You.

-The more I learn about economics, the less I feel I know. It’s frustrating trying to learn all the Keynesian equations and dissect them. What’s worse, there’s a lot of things Keynes was half-right about. I must say though, this recession validates Hayek and other Austrian thinkers who predict that microeconomic forces misallocate resources, providing the primary cause for recessions. The neo-Keynesians just don’t know as much as they claim, their inability to increase aggregate demand enough to lessen unemployment being a big failure of Obama’s stimulus package.

-Saw Thor the other day. The movie was just not worth watching. Effects alone can no longer carry a film. Thor was a story that went nowhere, nothing seemed to happen, and nothing had a point. I’m having difficulty even remembering any important details of the film. Probably because there weren’t any. Also, this film was a two-hour argument against adoption, which annoyed me. Just don’t see it.

-I finished up the “MBA Mondays” series by venture capitalist Fred Wilson on Dailylit. The series was supposed to be a mini-course for people in business who didn’t go through the expense of getting an MBA. Unfortunately, much of the series focused on elements of mergers and acquisitions, something most people in business will never have to deal with (since most people in business won’t ever be VCs or CEOs). Some of the series posts were awesome. On the whole, I would suggest people who are interested in expanding their business knowledge to go ahead and subscribe on Dailylit.