And if there’s a Kickstarter to get that scene into Sharknado 5, I’m in…
I May Have to Buy This Shirt
February 18th, 2017LinkSwarm for February 17, 2017
February 17th, 2017Welcome to another Friday LinkSwarm! Absent from this roundup is who really got National Security Advisor Mike Flynn axed, because there’s not enough time in the world to read all those links…
The Democrats have not done the kind of self reflection that they should have, starting in 2010. And I was talking about this in the ’10 elections. You’ve lost white working people, you’ve lost flyover land, and you saw in this election what happens when people get frustrated enough that they say, ‘I’m not going to take this Aristocracy.’ You know Bernie’s a good friend of mine, Bernie can talk about Aristocracies all he wants.
You know, the fact that you’ve made money doesn’t make you a member of that philosophy. Look at Franklin Roosevelt. But there is an Aristocracy now that pervades American politics, it’s got to be broken somehow, in both parties, and I think that’s what the Trump message was that echoed so strongly in these flyover communities.
One wonders if Webb was using “flyover country” for emphasis, or if Democrats actually use “flyover country” seriously when taking amongst themselves. If so, they might add that to the list of reasons middle America hates Democratic coastal elites…
Before I moved to Jerusalem, I was very pro-Palestinian. Almost everyone I knew was. I grew up Protestant in a quaint, politically correct New England town; almost everyone around me was liberal. And being liberal in America comes with a pantheon of beliefs: You support pluralism, tolerance and diversity. You support gay rights, access to abortion and gun control.
The belief that Israel is unjustly bullying the Palestinians is an inextricable part of this pantheon. Most progressives in the US view Israel as an aggressor, oppressing the poor noble Arabs who are being so brutally denied their freedom.
Snip.
IT WASN’T until the violence became personal that I began to see the Israeli side with greater clarity. As the “Stabbing Intifada” (as it later became known) kicked into full gear, I traveled to the impoverished East Jerusalem neighborhood of Silwan for a story I was writing.
As soon as I arrived, a Palestinian kid who was perhaps 13 years old pointed at me and shouted “Yehud!” which means “Jew” in Arabic. Immediately, a large group of his friends who’d been hanging out nearby were running toward me with a terrifying sparkle in their eyes. “Yehud! Yehud!” they shouted. I felt my heart start to pound. I shouted at them in Arabic “Ana mish yehud! Ana mish yehud!” (“I’m not Jewish, I’m not Jewish!”) over and over. I told them, also in Arabic, that I was an American journalist who “loved Palestine.” They calmed down after that, but the look in their eyes when they first saw me is something I’ll never forget. Later, at a house party in Amman, I met a Palestinian guy who’d grown up in Silwan. “If you were Jewish, they probably would have killed you,” he said.
Snip.
Even the kindest, most educated, upper-class Palestinians reject 100 percent of Israel ‒ not just the occupation of East Jerusalem and the West Bank. They simply will not be content with a two-state solution ‒ what they want is to return to their ancestral homes in Ramle and Jaffa and Haifa and other places in 1948 Israel, within the Green Line. And they want the Israelis who live there now to leave. They almost never speak of coexistence; they speak of expulsion, of taking back “their” land.
Iran is dying, and no one knows it better than Vladimir Putin, who worked successfully to raise Russia’s fertility rate, unlike Iran’s theocrats, who have failed to persuade Iranians to have children.
Russia’s relationship to the only Shi’ite state of significance is less an alliance than a dalliance, motivated by Moscow’s fear of Sunni radicalism and its desire to establish a strategic beachhead in the Middle East.
But Iran is a depreciating asset whose value will disappear within a 20-year horizon. The question is not whether, but at what price Russia will trade it away.
Snip.
First, Iran may well become the first country in the world that will get old before it gets rich. Its fertility rate (the number of live births over the lifetime of an average woman) fell from 7 in 1979 to perhaps 1.7 today.
That produced an enormous generation of people now in their 20s to 40s who have very few children. As this generation ages, the proportion of Iranians over the age of 60 will soar from about 7% today to around 40% by mid-century.
Other countries face an aging crisis, but with ten times the per capita income: Iran’s nominal GDP per capita is only US$5,300, compared with US$56,000 for the United States, for example.No poor country can care for an elderly population comprising two-fifths of the total. Iran will undergo an economic disaster unprecedented in history. That is baked in the cake, and nothing its government can do will make much different at this late stage.
(Hat tip: Director Blue.)
The year isn’t off to a good start for the Park Slope Food Coop. In January, two members of the venerable Brooklyn institution were accused of stealing more than $18,000 worth of goods. Each had been caught shoplifting once, and when police consulted surveillance tapes, it turned out that the two men (one of whom was 79 years old!) had some seriously sticky fingers.
Snip.
In 2013, The New York Times reported the shop lost $438,000 in stolen items.
But that’s only a drop in the bucket compared to the value that’s recently been lost from the coop’s pension fund. The fund — which is for staff, not members — had been invested in small, speculative companies and racked up two years of losses.
According to the Times, “It appears to have gone into hedge-fund mode years ago, when one co-op member, also a hedge-fund investor, made stock-picking his unpaid job.” Last summer, members were told that the coop had to pour in more than $1 million to keep it flush.
Snip.
In 2011, for instance, coop members were caught paying other people — notably their nannies — to take over their 2-hour-per-week shifts at the market. As it turned out, the well-heeled bankers and lawyers and psychiatrists in the neighborhood who bill several hundred dollars an hour for their time didn’t think rearranging the broccoli was worth it.
Hat tip: Instapundit, who also offers up the following illustration:
@ScottAdamsSays You inspired me to write this: pic.twitter.com/Xd3hqGLviJ
— Caleb Hines (@calebhines) February 17, 2017
Democratic State Senator Carlos Uresti’s Offices Raided by FBI, IRS
February 16th, 2017Via Dwight comes word that the offices of Democratic State Senator Carlos Uresti have been raided by the FBI and the IRS:
Agents have been confiscating documents from the office of the Democratic lawmaker.
“I can confirm the FBI and IRS are lawfully present and conducting a lawful law enforcement activity,” FBI spokeswoman Michelle Lee told the Express-News.
Lee also said no arrests have been made so far.
Uresti is currently facing a grand jury investigation into possible public corruption charges related to his involvement with FourWinds, a San Antonio oil-field services company accused of defrauding investors.
While Uresti is “innocent until proven guilty,” having both the FBI and IRS lawfully conducting lawful law enforcement in your office is not a good sign.
When last we checked on Sen. Uresti, he was sharing a bathroom with a female staffer not his wife and involved in the UT admissions scandal.
Here’s more on the FourWinds story, which I had not been previously following:
The one-time marketing director for a bankrupt San Antonio frac-sand company with ties to state Sen. Carlos Uresti has been criminally charged in an alleged scheme to defraud investors.
On Wednesday, Eric Nelson was charged in an information with conspiracy to commit wire fraud for allegedly altering a FourWinds Logistics’ bank statement to inflate the amount of money in the account. The bank statement was then mailed by an unnamed co-conspirator to prospective investors, according to the charging document.
Nelson has agreed to a plea deal, according to sources, but records show that it is sealed. His attorneys declined to comment.
The San Antonio Express-News in August chronicled the demise of FourWinds, which had more than $14 million in claims against it. Investors have alleged that CEO Stan Bates wasted their money on personal expenses, expensive gifts, exotic car rentals and lavish vacation, according to a court document. Bates has denied the allegations.
Uresti provided legal services for FourWinds and served as its outside general counsel for four or five months in 2014, he said in an interview this summer. He received FourWinds shares, as well as a $40,000 loan from the company that he failed to disclose initially. He also collected a $27,000 commission on a Harlingen woman’s $900,000 investment in a joint venture with FourWinds. The woman ended up losing about $800,000.
Really, who of us hasn’t forgotten a $40,000 loan? “Oh yeah! That little thing! Sorry, totally slipped my mind!”
Uncle Sam’s mills grind slowly, but exceedingly fine. One way or another, I suspect Republicans will view Uresti’s west Texas District 19 as a pickup target in 2020…if not sooner…
Remember When Japan Was Going To Take Over the World?
February 13th, 2017Do you remember those fabulous 80s?
Reagan was President, cyberpunk was new, and Jennifer Grey had a nose.
Also, everyone knew that Japan was going to take over the world.
Giant Japanese electronic companies like Sony, Toshiba and Fujitsu were leaders in their markets, Japan had a big export surplus, and Japanese companies were buying up iconic American assets like Rockafeller Center. Experts assured us that Japan was ascendant and that we needed to follow the “Japan Inc.” model of public/private partnerships, as well as the heavy vertical integration of the Japanese zaibatsu conglomerates, if we wanted to compete in the world market.
It turns out that almost all that just about every aspect of that prescription was horribly wrong:
Fast-forward 30 years. When one of Japan, Inc.’s leading corporations makes the news, as often as not it’s the result of an accounting scandal in which corporate profits were grossly overstated for years as a matter of policy–a policy intended to mask the stagnation in the company’s sales, product lines, competitive position and profits.
What happened to the often-copied, much-vaunted Japan, Inc.? Many observers see Japan’s core problem as demographics: as its birth rate has fallen below replacement levels, the population of Japan is aging rapidly. Since young people start households and spend money, economic growth depends largely on the spending of young people rather than the declining spending of older people.
While a decline in the youthful demographic certainly impacts growth, this view overlooks the larger problem: Japan, Inc.–its educational system, government, banking and corporate sector–was optimized for the mode of production that existed in the postwar world from the late 1940s to the late 1980s.
Now that the Digital-Industrial Revolution is remaking the way goods and services are produced and distributed, the system that worked wondrously well in 1960 no longer aligns with the needs of this emerging mode of production.
In the 1980s, Japan’s optimized-for-industrial-exports system reached its zenith, and many US pundits built careers predicting that Japan would soon eclipse the US in every economic and financial metric.
But the excesses of Japan’s banking sector and the rise of new technologies that didn’t lend themselves to gradual improvement and vertically integrated corporations disrupted the predictions of Japan’s global dominance.
Just as Sony ate the lunches of slower, less efficient American companies like RCA, soon the Japanese electronic giants found themselves being beaten by more nimble and disruptive international competitors like Apple and Samsung.
Toshiba is now so broke they may need to spin-off their semiconductor business, despite it being the most central and profitable business in their company, probably because building a new state-of-the-art 300mm wafer fabrication plant for 10nm process technology can now cost up to $14 billion.
Many other Japanese companies have been rocked by accounting scandals:
In the five years since a $1.7bn accounting scandal was uncovered at Olympus, the number of improper accounting cases exposed each year in Japan has nearly doubled. It hit an all-time high of 58 cases in the 2015-16 fiscal year, according to Tokyo Shoko Research, which provides data on corporate failures.
In many cases, the revelations have shone a light on malpractice and subterfuge dating back years — the legacy of management terrified of failure but left fighting decades of economic stagnation, squeezed costs and a shrinking domestic market.
And those demographics don’t make anything easier:
Children accounted for 12.8% of the population, the ministry said. By contrast, the ratio of people aged 65 or older was at a record high, making up 25.6% of the population. Jiji Press said that, of countries with a population of at least 40 million, Japan had the lowest ratio of children to the total population – compared with 19.5% for the United States and 16.4% for China…
The proportion of people aged 65 or over is forecast to reach nearly 40% in 2060, the government has warned.
Japan’s government has been running huge budget deficits since 2009, and debt now stands at about twice the size of the economy.
For a while, the South Korean chaebol looked like they were going to supplant the Japanese zaibatsu as world beaters, but Samsung and LG have started running into some of the same problems.
The lesson here is not “Merica, fark ye!”, it’s that capitalism works. The creative destruction of capitalism is necessary to keep economic progress moving forward. My biggest fear is that in his efforts to save American jobs, President Trump will prop up the GMs and Boeings of the world at the expense of smaller, nimbler competitors looking to supplant them.
For the country’s long-term economic well-being, government should get out of the business of picking winners and losers entirely.
Video of French Forces Fighting the Islamic State
February 11th, 2017Here’s a video of French Special Forces operating against the Islamic State, including some mopping up operations in Mosul:
A few points of interest:
Right to Work Signed Into Law in Missouri
February 9th, 2017Missouri joins the right to work parade:
Republican Gov. Eric Greitens signed legislation on Monday making Missouri the latest “right-to-work” state, as the growing movement sets its sights next on New Hampshire – hoping to break into one of the labor unions’ last remaining strongholds.
Legislation advancing in the New Hampshire capital, if approved, would make the state the first in the Northeast to go “right-to-work.” The measure, which bars unions from forcing employees to join or pay dues, is set for a vote in the state’s House next week – after having passed the Senate.
The push is the latest sign of labor unions’ diminishing clout, and how Republican gains at the state level are having a broad impact on policy, amid support for such legislation from the Trump White House.
Right to work laws help in two ways: They make states more economically competitive compared to their closed shop brethren, and they deprive the Democratic Party of political contributions forcibly extracted from union members via compulsory dues.
Missouri joins Kentucky, which passed right to work legislation earlier this year, as well as West Virginia (2016), Wisconsin (2015), Michigan and Indiana (both 2012) as states that have recently passed right to work laws.
That brings the total of right to work states up to 28.
New Frontiers in Poor Life Choices
February 8th, 2017A good bit of education used to be dedicated to helping people avoid poor life choices. “Gallant studies hard to pass tests, while Goofus knocks over liquor stores to feed his meth habit.” But some people go above and beyond the call of duty to make the worst lifestyle choices possible.
U.S. Marshals need help tracking down a convicted sex offender recently released from a Virginia prison after he failed to show up at a transitional center in Texas.
News outlets report authorities say 44-year-old Matthew Ezekiel Stager was released Thursday from the Federal Correctional Complex in Petersburg.
He was supposed to check into the transitional center that day but never did.
Marshals say it’s possible Stager is in the Hampton Roads area or has recently traveled through the region.
Authorities say Stager has known connection to multiple states and has a history of drug abuse and mental health concerns.
You don’t say.
Marshals describe Stager as a white or Hispanic man, about 145 pounds, 5 feet 8 inches tall with blond or strawberry hair. He has tattoos on his face, head and neck.
Anyone with information can contact the U.S. Marshals at 1-877-926-8332.
How are they supposed to apprehend someone who can blend so easily into crowds? @ReaFrankBrizzle @ChenueHer @13NewsNow
— BattleSwarm (@BattleSwarmBlog) February 8, 2017
That guy could show up to the Gathering of the Juggalos and they'd go "Who's the freak?" @ReaFrankBrizzle @ChenueHer @13NewsNow
— BattleSwarm (@BattleSwarmBlog) February 8, 2017
Plus he's a sex offender! Wouldn't that look interfere with the molesting? "Come here lit-" "AHHHHH!" @ReaFrankBrizzle @ChenueHer @13NewsNow
— BattleSwarm (@BattleSwarmBlog) February 8, 2017
Putting on clown makeup would make that guy LESS scary. @ReaFrankBrizzle @ChenueHer @13NewsNow
— BattleSwarm (@BattleSwarmBlog) February 8, 2017
So if you see this freak, Uncle Sam will likely make it worth your time…
Update: As per commenter Roadgeek below, he’s been captured. And another tidbit: “He is known to go by the aliases Moon Black and Jesse Crew.”