Greece to Receive It’s Final Final Final Final Final Final Final Offer

June 3rd, 2015

Looks like all of Greece’s creditors have finally decided it’s put up or shut up time for reform. “Greek Prime Minister Alexis Tsipras is expected to face demands for tough reforms of Greece’s pension system, labor laws and other areas, as well as creditors’ insistence on painful budget measures to ensure that Greece runs a fiscal surplus before interest.”

At this point Greece seems completely and utterly broke, unless there’s more upfront money in that still unsigned Russian pipeline deal than reports indicate (doubtful, given Russia’s own financial straits), or Tsipras finds yet another hidden money reserve to tap (“We can can pay pensions from the children’s bone marrow fund!”). So despite Tsipras’ insistence that they be allowed to keep spending other people’s money on their bankrupt welfare state, this time the jig may finally, finally, really, we mean it this time, for sure, be up.

Here’s a piece that explains in terms of game theory why Tsipras overplayed his weak hand:

Now, as long as the EU keeps Greece in the Eurozone then the Tsipras administration will find itself forced to either exit the Eurozone or apply the austerity it promised to end. Not only would such an outcome send a clear signal to other Eurozone nations that exiting was foolhardy, it would also indicate that radical, nationalist, anti-establishment and anti-austerity parties cannot deliver on their promises.

The EU won’t force Greece to exit the Eurozone but it won’t offer anything to keep Syriza in power, either. The EU simply needs to keep negotiating without offering anything but strict compliance with what was already agreed upon, which is continued austerity in return for loans. In effect, to use a sports analogy, the EU just needs to “run out the clock.” In the end, it appears that Tsipras will either be forced out of office or forced to break up his coalition and form a new government with the mainstream parties, the outcome that EU and Germany have been angling for all along.

(Though make no mistake: that “primary surplus” was always illusory.)

A few more Greek debt crisis links:

  • Now Greece is threatening not to pay this week’s debt payment to the IMF unless a deal is agreed on. Once again, Tsipras is playing chicken with a Yugo, while his opponents are driving a Tiger tank…
  • Tsipras needs to stop making empty promises and get a clue. “He cannot expect Germans to volunteer the money Greece needs, so he can spend it on the kind of leftist economic fantasy that was discredited all over Europe in the 1970s and 1980s. Just ask Argentina where default followed by populist economics leads.”
  • Germany has good reason to stop subsidizing Greece, namely their own crashing demographics: “Germany’s birth rate has collapsed to the lowest level in the world and its workforce will start plunging at a faster rate than Japan’s by the early 2020s, seriously threatening the long-term viability of Europe’s leading economy.” (Hat tip: Powerline.)
  • “A Greek exit is already priced into the euro.”
  • Texas Legalizes Medical Cannabis Oil

    June 2nd, 2015

    This was one small story in the tidal wave of session-ending bills, but Texas has now legalized medical cannabis oil.

    “Gov. Greg Abbott signed legislation Monday legalizing low-THC cannabis oils as treatment for certain medical conditions.

    The Texas Compassionate Use Act from state Sen. Kevin Eltife, R-Tyler, will legalize oils containing CBD, a non-euphoric component of marijuana known to treat epilepsy and other chronic medical conditions. The state will regulate and distribute the oils to patients whose symptoms have not responded to federally approved medication.

    I’m a “legalize it, regulate it, tax it” sort of guy, but this is a good first step in reducing legitimate suffering without engaging in the farce that is California’s “medical” marijuana industry. “Yeah, I have a medical condition I’m suffering from! I’m not high right now!”

    Old News About Old News

    June 2nd, 2015

    Don’t know how I missed this, but Wendy Davis was fined $5,000 for campaign violations. Mind you, these were campaign violations from her 2012 state senate race.

    Davis’ personal financial documents for 2010 and 2011 did not properly indicate that her law partner, Brian Newby, was a registered lobbyist. The firm’s unpaid executive director, Marcy Weldin Foster, was also a registered lobbyist in 2011, and that was not disclosed. The commission found Davis received fees for services from her own firm and another that she worked for “of counsel,” Cantey Hanger, in 2010 and 2011. Both firms paid Newby as a lobbyist, and Cantey Hanger paid Foster as a lobbyist.

    The actual ethics judgment can be read here.

    Maybe she’s auditioning to be on Hillary’s campaign team…

    Campus Carry Headed to Abbott’s Desk

    June 1st, 2015

    Senate Bill 11, the campus carry bill sponsored by Sen. Brian Birdwell, has passed the Texas House. It had already passed the Senate earlier, so now it’s headed to the desk of Governor Greg Abbott, who has promised to sign it. The only downside is that it doesn’t take effect until August 1, 2016.

    I wouldn’t be surprised if Abbott signs both the campus carry and open carry bills today.

    Open Carry Headed to Governor Abbott’s Desk

    May 29th, 2015

    Open Carry has passed both the House and Senate. It’s now headed to the desk of Texas Governor Greg Abbott, who has said he’ll sign it.

    House Bill 910 [warning: 46 page PDF] from state Rep. Larry Phillips, R-Sherman, would allow license-holders to carry handguns openly in a hip or shoulder holster, changing current law requiring that such weapons be concealed.” The “cop stop” amendment has evidently been stripped from the final bill.

    LinkSwarm for May 29, 2015

    May 29th, 2015

    I didn’t get flooded out, but for a while on Memorial Day, I finally had that defensive moat around my house I’d always dreamed of…

  • U.S. economy shrinks in first quarter. (Hat tip: Instapundit, who adds, of course, “unexpectedly!”)
  • Get ready for still more ObamaCare sticker shock.
  • Let he who has never created a shell company to skirt disclosure laws cast the first stone at the Clintons…
  • The Clinton Foundation took money from FIFA, the recently indicated world soccer organization.
  • “Does the Media Hold Anyone to a Lower Ethical Standard than the Clintons?” Save rock stars in the 1970s and Obama 2008—2013, I’d say no…
  • Speaking of rock stars from the 1970s, Ted Nugent has some realistic and pungent advice for the graduating class of 2015:
    1. Life is not fair. Get used to it.
    2. Social justice is a commie scam. Read the drivel of Saul Alinsky and fight it with all you’ve got.
    3. Nobody owes you jacksquat. You will either earn your own way, or feel like a helpless leech. There is no middle ground.

    And there’s more where that came from…

  • Why didn’t the Obama Administration order airstrikes against ISIS columns before they took Ramadi?
  • What Right Wing Nutjob said “We are leaving behind a sovereign, stable and self-reliant Iraq, with a representative government that was elected by its people” in December of 2011? That would be Barack Obama.
  • Why the left launched an attack on geek culture: “The group that expected to define taste and culture by virtue of their previous oppression found themselves instead being forced to make less money and cater to the tastes of a group that not only never sought out the bleeding edge of coolness, but never cared about the concept to begin with.”
  • Dutch tend American WWII graves. “Each grave has been adopted by a Dutch or, in some cases, Belgian or German family, as well as local schools, companies and military organizations. More than 100 people are on a waiting list to become caretakers.” Damn these rains, all this mold pollen is really doing a number on my eyes… (Hat tip: Borepatch.)
  • Bernie Sanders, S&M fantasy pervert.
  • Woman comes to the sudden revelation that she’s being a shrew. “He’s a good man who does a lot for me, and doesn’t deserve to be harassed over little things that really don’t matter in the grand scheme of things.” (Hat tip: Milo Yiannopoulos’ Twitter feed.)
  • Pictures from the Austin flood.
  • Pctures from the Houston flood.
  • George Pataki Climbs Into the Clown Car

    May 28th, 2015

    Former New York Governor George Pataki has launched his Republican presidential bid, because why the hell not? The answer to a question no one asked, Pataki fills a much-needed void in the field. Evidently he didn’t want Ben Carson and Carly Fiorina hogging the Jon Huntsman Memorial Campaign Futility trophy without a fight.

    Pataki was a moderately successful New York governor, especially when compared to governors whose names end in “-omo”. But the Republican Party base is suspicious of northern establishment moderates even in the best of times, and Pataki’s position on gun control alone is enough to disqualify him from winning the Presidential nomination.

    In 2012 there were enough GOP candidates to field a baseball team. In 2016 it looks like there will be enough to fill both sides of a football team…

    Waco Biker Shootout Follow-Up 6

    May 27th, 2015

    We’re finally starting to get a fuller picture of how the Waco biker shootout between the Bandidos and the Cossacks actually went down. A Cossack who was there says that they were set up by Bandidos who invited them to Twin Peaks.

    He said that the Cossacks were invited to the Twin Peaks patio that day — by a Bandido leader, who offered to make peace in a long-running feud between the two gangs. That invitation was a setup for an ambush, though, according to the Cossack. That’s why the dead included six Cossacks, one Scimitar (an ally of the Cossacks) and only two Bandidos.

    Snip.

    “It was a setup from start to finish,” he said.

    The Cossack’s story has been impossible to verify, but it is largely consistent with what police have said about how the brawl began.

    Related stories:

  • “While the black Baltimore rioters and looters were called thugs, no white Waco rioters and looters were thus characterized. I wonder, why might that be? Oh, yeah, that’s right: there are no white rioters and looters in Waco.”
  • Here’s some maybe-not-entirely-wrong pop-psychological analysis of the shootout as almost entirely a generational issue: the Bandidos are old and the Cossacks are young.
  • Cossacks cancel a rally in the town of Mingus over safety concerns.
  • Information on the Indian American LLC that owns the Waco Twin Peaks.
  • The owner of an adjacent restaurant is suing Twin Peaks for damages. (Hat tip: Dwight.)
  • Newt Gingrich Brings the Wood on Baltimore

    May 26th, 2015

    This Newt Gingrich piece on Baltmore’s dysfunction came out last week, and I thought it was worth doing a separate post on. It’s not that the Democratic Party culpability dissected here will be new to anyone paying attention, but that he frames the issue with admirable economy, pith and precision amidst a barrage of data points.

    Fact: The last Republican city council member in Baltimore City left office in 1942. That is 73 years of solid Democrat city councils.

    Fact: The last Republican mayor of Baltimore City left office in 1967. That is 48 years of unbroken Democrat control of the mayor’s office…

    Fact: The last time Republicans held even one chamber of the Maryland General Assembly—the House—was 1917. That is unbroken Democrat control of the Maryland legislature since 1918, or nearly a century of Democrat control.

    “The first duty of government is to protect the innocent and the weak from predators and violence. Once again, a Democrat favored the violent over the victims.”

    It is Democrats who control the teachers union that traps Baltimore City’s children in schools that fail and ruin their lives. They do so on behalf of the unionized bureaucratic political machine that controls the city.

    Poverty in general has been institutionalized by the destructive ideological biases of Democrat President Lyndon Johnson’s Great Society. On May 22, 1964, President Johnson said, “Our society will never be great until our cities are great. Today the frontier of imagination and innovation is inside those cities and not beyond their borders.”

    Tragically, his policies trapped people in dependency, killed small businesses in favor of bureaucracy, and favored unionized workers over children. The result has been a 50-year disaster which no liberal Democrat is prepared to analyze honestly.

    His most recent incarnation as a scatter-shot idea-a-minute futurist makes it easy to forget what an excellent, focused ideological street-fighter Gingrich was in his prime. This piece is a nice reminder, and instructive reminder of exactly which political party has run (and failed) Baltimore.

    FlashBack: Camille Paglia Interview With Playboy

    May 25th, 2015

    Instapundit linked to this Playboy with Camille Paglia yesterday. Even though it’s over 20 years old, her bracing assaults on victimhood feminism and political correctness are still pungently quotable:

    “My critics are irrelevant, though. It tells how much I’m getting to them by how vitriolic they are. They refuse to deal with the ideas.”

    On Clarence Thomas: “Any man with five years Of Playboy in his kitchen should be placed on the Supreme Court immediately!”

    The reason women earn less than men is that women don’t want the dirty jobs. They aren’t picking up the garbage, taking the janitorial jobs and so on. They aren’t taking the sales commission jobs that require you to work all night and on weekends. Most women like clean, safe offices, which is why they are still secretaries. They don’t want to get too dirty. Also, women want offices to be nice, happy places. What bullshit. The women’s movement is rooted in the belief that we don’t even need men. All it will take is one natural disaster to prove how wrong that is. Then, the only thing holding this culture together will be masculine men of the working class. The cultural elite–women and men–will be pleading for the plumbers and the construction workers. We are such a parasitic class.

    I began to realize this in the Seventies when I thought women could do it on their own. But then something would go wrong with my car and I’d have to go to the men. Men would stop, men would lift up the hood, more men would come with a truck and take the car to a place where there were other men who would call other men who would arrive with parts. I saw how feminism was completely removed from this reality.

    I also learned something from the men at the garage. At Bennington, I would go to a faculty meeting and be aware that everyone hated me. The men were appalled by a strong, loud woman. But I went to this auto shop and the men there thought I was cute. “Oh, there’s that Professor Paglia from the college.” The real men, men who work on cars, find me cute. They are not frightened by me, no matter how loud I am. But the men at the college were terrified because they are eunuchs, and I threatened every goddamned one of them.

    More:

    You can’t the Stalinist situation we have in America right now, where any neurotic woman can make any stupid charge and destroy a man’s reputation. If there is evidence of false accusation, the accuser should be expelled. Similarly, a woman who falsely accuses a man of rape should be sent to jail. My definition of sexual harassment is specific. It is only sexual harassment–by a man or a woman–if it is quid pro quo. That is, if someone says, “You must do this or I’m going to do that”–for instance, fire you. And whereas touching is sexual harassment, speech is not. I am militant on this. Words must remain free.

    And how’s this for an obvious truthful heresy? “No one gives a fuck about women’s group sports–it embarrasses me to see women’s basketball.”

    As with any Paglia interview, there’s plenty for people on any side of the political spectrum, but her takes on various PC shibboleths are so orthogonal to the mainstream that they’re always worth a look. Read the whole thing.