Biting Commentary about Infinity…and Beyond!


The Speaker’s Unfavorables

From 37% to 57% in only six months. Here’s hoping that the trend continues, and that she keeps her job until November, 2012.

Jobs, Jobs, Jobs and Jobs

Speaker Pelosi was right that that is what this is all about. And she and the Congress continue to destroy them and prevent their creation:

…millions of full-time workers are being downgraded to part-time, as businesses slash labor costs to remain above water. Because people are working less, wages have fallen by 0.3% this year. Factories are operating at only 65% capacity, while the overall jobless rate hit 9.5%. Throw in discouraged workers who want full-time work, and the labor underutilization rate climbed to 16.5%.

The news is even worse for young people, with nearly one in four teenagers unemployed. Congress has scheduled an increase in the minimum wage later this month, which will price even more of these unskilled youths out of a vital start on the career ladder. One useful policy response would be for Congress to rescind the wage hike to $7.25 an hour (from $6.55) that is scheduled for July 24. But the union economic model that now dominates Washington holds that wages only matter for those who already have jobs. The jobs that are never created don’t count.

This is right out of the New Deal play book. Price labor out of the market by government fiat. And keep kids (many of whom live with their parents) from climbing on to the first rung of the employment ladder. Teenage unemployment is 24%, and they raise the minimum wage. Brilliant.

And then there’s this (part of a huge grand indictment of Waxman-Markey):

Naturally, Big Labor gets its piece of the pie, too. Projects receiving grants and financing under Waxman-Markey provisions will be required to implement Davis-Bacon union-wage rules, making it hard for non-union firms to compete — and ensuring that these “investments” pay out inflated union wages. And it’s not just the big research-and-development contracts, since Waxman-Markey forces union-wage rules all the way down to the plumbing-repair and light-bulb-changing level.

Via Kaus, who also notes that if this insanity is extended to health care, you can kiss any hopes of cost savings goodbye. We’ve got to put the brakes on all this economic vandalism, somehow. I hope that we can finally stop it in the Senate.

[Update a few minutes later]

The dog will hunt, but it can’t find anything.

[Late morning update]

The worst job market for teens since 1965. But let’s be sure to raise that minimum wage.

How To Talk To Reporters

Good tips for tea partiers tomorrow. And if you don’t have a sign, don’t let it keep you home:

The most important thing you can do as a tea party demonstrator is show up. You will be absolutely astonished to find that the biggest benefit you will experience is how encouraging and inspiring it is to be among like-minded people demonstrating for a noble cause. The feelings of affirmation and connection will keep you going through all kinds of adversity in the fight to preserve the United States as a democratic republic powered by capitalism and individual liberty.

Ninety percent of life is just showing up.

[Update a few minutes later]

More advice from Jim Geraghty:

…try to walk away with something of a plan. As Glenn and I have noted, chanting and waving signs are great, but if you really want to influence the way government works, you have to put yourself in front of the folks who make the decisions. And those at the lowest levels — city and town councils, mayors, county boards, members of Congress — are rarely used to crowds of people passionately making the case for spending less money.

Yes, they’ll find it surprising.

Down The Rathole

Dick Shelby wins, our space future loses:

Shelby’s argument has been that the exploration funding in the bill was intended solely for reducing the Shuttle-Constellation gap, a spokesman for the Alabama Republican told the paper (although there is no specific language dictating that in the bill). And certainly Constellation can use every bit of additional funding it can get. However, would that $100 million have a greater effect towards reducing the gap in US human space access if it’s spent on Constellation (where it might accelerate schedules by on the order of a month), or on commercial efforts that might (but are certainly not guaranteed to) be operational years before Ares 1 and Orion?

It can’t use it in any way that’s beneficial to either the taxpayer, or a space enthusiast. I almost weep when I think of the useful things we could do with a mere hundred million dollars. Shelby is quickly making himself public enemy number one of anyone who wants a sane and cost-effective space program. More over at the Sentinel.

Men On The Moon

The next three weeks or so leading up to the anniversary are going to be full of pieces like this, from a British journalist who covered the event. It’s a good piece, and I don’t want to diss it–it’s obviously a key part of his own personal history and inspired him, but I disagree with this notion, which will also be a common one among the upcoming commemorations:

A new era was to begin: there would one day be huge satellite cities in space, colonies on the moon, an outpost on Mars, and all before 2001.

This is just not true, much as we’d like it to be. Apollo, for all of the wonder of the achievement, was in fact a detour from the road to those goals. I’ll be explaining that more in my essay a little later this summer in The New Atlantis. I would also note that Eagle didn’t separate from “Apollo.” It did so from the spacecraft Columbia. But that’s just a nit compared to the other point, and I encourage people to enjoy the piece anyway–it’s generally a good historical description of the event.

French Food

Some thoughts.

I have to confess that I’ve never eaten in France, though I have traveled through it on the train. I didn’t find this problem in Belgium or the Netherlands. But I do find European hours annoying, as well as the fact that I have to almost send out a search party for someone to get me a check when I’m done eating, and want to go. I don’t consider eating out a leisurely social event, to be stretched out as long as possible. That’s one of the many reasons I’m glad that my ancestors left Europe.

[Update late evening]

In response to a comment from Andrea Harris:

It’s not even about taking leisure over courses. Even after dessert, they won’t bring you a bill until you almost hold a gun to their head, because they think it impolite to do so any sooner. It drives me nuts.

I had an argument with a European (my sister, who has become a European, having lived there too long) about this.

“Look, it’s not about making someone leave. In America, bringing the bill isn’t a sign that they want you to leave. It’s a courtesy to allow you to leave if you wish.”

“No, no, that’s so rude. They’re just trying to clear the tables when they are in such a rush to bring the bill.”

Well, that may be true in some cases — they do, after all, and unlike the Europeans, want to make money. But as I told her, my way, and the dreaded American way, I can leave as soon as I want, if I want, and if I don’t want, I don’t have to until they actually are rude, and come over to ask us to leave. The European way, I’m a hostage to the wait staff (or, “the state”) until they deign to provide me with the bill (as an aside, I’ve never understood why it’s called a “check”).

I know which one I like. And it seems like a microcosm of the difference between the US and Europe.

For now, at least.

The Democrats Own The Jobs Numbers

Why America isn’t hiring:

America isn’t hiring precisely because of government policy. Small business owners, who are usually the first into and the first out of the job pool, are standing by the fence and watching. They are paralyzed by regulatory uncertainty. If they hire someone who ends up doing poorly, will they be able to fire that person? Will they have to pay their health care bills after they’ve been terminated? If so, for how long? Who will pay for all these stimulus checks? If it will turn out to be small business, why would they hire instead of keeping costs low to prepare for the big tax bill? Where will the market move? Are you in the right business or are your clients in a politically disfavored industry? Are your clients in health care (being nationalized), autos (already nationalized), banking (somewhat nationalized) or any energy production process which uses carbon (pulverized)? Until you know, you don’t grow, and until you grow your market, you don’t grow your payroll.

Jobs aren’t languishing despite the government’s best efforts. They’re languishing because of them.

They’re actually languishing because of the government’s worst efforts. Investors (and small business owners are investors) hate uncertainty, and will sit on the sidelines until it disappears. Right now, small business is going Galt. And I sure don’t blame them.

Unfortunately, it actually plays into the fascists’ strategy of moving more economic activity out of the private, and into the public sector.

Obama Versus Obama

Victor Davis Hanson:

I know this is old-story politics, but two things are different. One, never has the gap between pre-presidential and in-office behavior been so wide (heaven and earth really are quite distant), and, two, the past promises of utopia have so conditioned a mesmerized media that they don’t realize their own complacency in allowing an administration to use whatever means they chose for professedly exalted ends.
This is a strange time, when we are borrowing into oblivion, redefining 60 years of bilateral foreign policy, embarking on unproven — but costly — environmentalism, nationalizing industry and health care, and gleefully establishing a veritable state-sanctioned, pro-government media on the lines Americans used to be terrified about.

In response, as I read between the lines, conservatives are told by the Obamans something to the effect, “Forget our prior demagoguery, aren’t you at least happy we backtracked and are now adopting some of your war-on-terror positions we used to trash?”, while liberals are supposed to be happy with something like, “Just forget all that stuff about ethics, transparency, and anti-lobbying/influence; we’re in power now and will do anything necessary to fulfill your agenda.”

I hope that he’s right, and that all of this two-faced behavior will come back to haunt them in the polling booths.

Electric Cars

…are not a moon shot:

“What people overlook is that accomplishing ‘big picture’ programs like Apollo require accepting the concept of unlimited spending to achieve the mission,” says Ron Cogan, editor and publisher of the industry authority Green Car Journal and editor of GreenCar.com. “Current levels of unprecedented federal spending notwithstanding, electric cars are not an exclusive answer to future transportation challenges and consumers will not be willing to buy them at all costs.”

As I pointed out at the last Apollo anniversary, it’s time to stop using this economically ignorant analogy. And that means you, Mr. President. The only time that he ever talks about space is when he can use it as an excuse for one of his non-space economically nutty programs.

The Decline Of Entrepreneurship

Only an academic could come up with the idiotic notion that it’s Walmart’s fault. It is fascist, corporatist federal policies. And not just SOX, but a lot of general business regulation that makes the paperwork and legal liabilities too daunting for a small business.

Cash, Or Credit?

Who gets cash and who gets IOUs in California. I’m shocked, shocked. I’m glad the state doesn’t owe me any money. I wonder how much the IOUs will be discounted for people who need the liquidity now?

[Update a few minutes later]

If they’re going to do this, instead of making some people more equal than others, wouldn’t the fair thing be to issue everyone a mix of cash and IOU in proportion to the amount that they’re short?

[Late morning update]

B of A says that it will accept the IOUs as warrants:

“To support our customers, while giving the state legislature additional time to pass a budget, we will accept California state-registered warrants — or IOUs — from existing customers and clients,” Charlotte-based BofA (NYSE:BAC) says in a written statement.

OK, so what are these things? What happens if the legislature doesn’t get its act together (and based on history, that’s the way to bet). Do they have an associated interest rate, or maturity date? What would a secondary market in them look like, and how would they be discounted? Suppose California just reneges on redeeming them? Does B of A (and Wells Fargo, and whoever else follows suit) then get made whole by TARP, thus bailing out the state of California via the US taxpayer through the back door (in more ways than one)?

What a mess.

Virgin-Americans, United

The Democrats have really awakened a sleeping giant (so to speak) with the energy bill:

In order to secure the votes of wavering Democrats, House leaders Nancy Pelosi and Henry Waxman inserted several last minute amendments to the legislation, including provisions for national oxygen rationing, witch burnings, dousings, and phrenology research. But the one that has seemingly stoked a grassroots backlash is the controversial Sexually Inexperienced Citizen Environmental Volunteer Amendment. The wording of the amendment calls for all American virgins over the age of 21 to register with the Selective Sacrifice Board, for possible use as victims in nationally televised vivisections intended to “supplicate the Earth-Spirits.”

Reaction, in some quarters, was swift and harsh. Robert ‘Shadowfyre’ Jardocki of the Wizard and Warlocks Guild called it “an affront to all Virtual America, from Second Life to World of Warcraft,” and vowed his group would cast the “most powerful lobbying spell the country has ever seen.” Denise ‘Lady Gwynnethynn’ Kelly of the American Society of Renaissance Faire Royalty decried it as “a unconstitutional attack on our members and their ladies in-waiting.” The National Association of Space Fantasists made an impassioned “call to light sabers,” while the Brotherhood of Sports Bar Regulars vowed a “million replica jersey march” on Washington to stop its passage. Other groups uniting to oppose the bill include MENSA, the Society for the Identification of Motion Picture Continuity Problems, and the American Association of Anonymous Comment Thread Trolls.

“Congress and the Administration really stirred up a hornet’s nest of virgins with this bill,” said longtime Washington-watcher Michael Barone. “The response really caught them flat-footed. I don’t think they realized just how adept the virgin community is at computers, and how much time they have between ComiCons or SpaceCons or whatever-cons. Instead of calling into sports radio shows, now they’re calling the capitol switchboard.”

Who knows how many other easter eggs like this are in the bill? No one knows, because we’re not allowed to read it.

A Nanotech Pioneer

…is recognized. Alan Boyle has an interview. I found this interesting:

It turns out that nanomaterials can play a huge role in many areas of therapeutics. One example is HDL [high-density lipoprotein], the “good” kind of cholesterol. That’s a nanostructure. We have statins that allow you to lower the levels of LDL [low-density lipoprotein, which is “bad” cholesterol]. To be healthy, what you really like is a good HDL-to-LDL ratio, so you’d like to learn how to raise HDL levels.

We’ve learned how to build nanostructures based on gold particles that mimic the properties of natural HDL, and we think that will lead to a whole new class of therapeutics that will be the complement to statins. If you think about what that can do for cardiovascular disease, the impact could be enormous. And it’s not just cardiovascular disease. HDL is implicated in a lot of different diseases, as a positive thing to battle inflammation. Being able to raise effective HDL levels could be quite important. We’re now testing particles that mimic the properties, the size and structure of HDL, and the ability to bind cholesterol and transport it. So we’re really excited that this might lead to a whole new class of therapeutics designed to raise HDL levels and have an impact on cardiovascular disease as well as a wide range of diseases that involve inflammation.

I think that the down side of statins is significantly underplayed. They seem to cause muscle degeneration, and I suspect that they do this to everyone who takes them, to some degree, even if not everyone has overt symptoms. And hey, I learned in science class that the heart is a muscle. My cardiologist wants to put me on them, but I’m resisting (I have no symptoms of cardiac problems, other than high LDL, and high blood pressure, which I’ve had all my life along with a fast pulse). She prescribed Crestor, which I went to the Pfizer site to look up, and it said that while it reduced cholesterol, it didn’t reduce heart risk — for that, you had to go to Lipitor.

Anyway, I wonder if the artificial HDL being described here could allow you to improve the ratio by boosting the numerator, and ignoring the denominator, eliminating the need for statins? I guess only clinical trials will tell, if they get to that point. Anyway, I hope that Obamacare won’t end up cutting off funding for this kind of research.

Forget Church And State

Let’s have separation of the economy and state:

The government has no Constitutional, moral, or economic basis for controlling the economy. We seek to revoke its power to manipulate interest rates, debase the currency, manage the practice of medicine, restrict practical sources of energy, or rob Peter to pay for Paul’s house, financial institution, or automaker.

We identify government control of the economy as the cause of our current financial crisis, and argue that removing this cancer is the only solution.

Some will say that separation of economy and state is too radical a goal. To be sure, this goal will take time—and a roadmap—to reach. But it is the only valid destination. Where liberty is concerned, “moderation” is suicide. Patrick Henry did not say “Give me a small rollback in government or give me death.” He said: give me liberty. So should we.

Unfortunately, too many people don’t seem to want to be free, or responsible for their own lives.

A Question For The WH Press Corps

I’d like to see someone (Tapper?) ask the president why he thinks he’s a better expert on the Honduran constitution than the Honduran Supreme Court.

More Hope And Change In Michigan

Paved roads are reverting to gravel.

I guess this is the kind of “progress” that results from “progressive” polices like the ones the Democrats have delivered in the Great Lakes State.

The Cost Of Cap And Trade

Bob Zubrin:

Burning one ton of coal produces about three tons of CO2. So a tax of $15 per ton of CO2 emitted is equivalent to a tax of $45/ton on coal. The price of Eastern anthracite coal runs in the neighborhood of $45/ton, so under the proposed system, such coal would be taxed at a rate of about 100 percent. The price of Western bituminous coal is currently about $12/ton. This coal would therefore be taxed at a rate of almost 400 percent. Coal provides half of America’s electricity, so such extraordinary imposts could easily double the electric bills paid by consumers and businesses across half the nation. In addition, many businesses, such as the metals and chemical industries, use a great deal of coal directly. By doubling or potentially even quadrupling the cost of their most basic feedstock, the cap-and-trade system’s indulgence fees could make many such businesses uncompetitive and ultimately throw millions of working men and women onto the unemployment lines.

It’s OK. Even if they have paychecks, they won’t be able to afford to eat any more, anyway, after the price of food skyrockets. And it will solve that pesky population problem in the third world.

It’s It

Really. It’s It. A schlocky space movie review (the movie, not the review). You should always start your day with Lileks.

[Afternoon update]

I have to say (via Lileks’ commenters) that this is the kind of space future that I was really looking forward to back in the seventies. (Wow. Is there some kind of anti-gravity device holding those things on?)

What? Of course I’m talking about the interplanetary robot dogs. What else would I be talking about?

[Bumped]

[Evening update]

OK, someone points out in comments that there is a spaghetti strap going on there.

Looking closer, I see it now. I guess I was distracted by the…errrmmm…robot dogs…from seeing that strap.

Yeah, that’s it. I mean, they look great, don’t they?

The robot dogs, I mean.

I’d love to be able to play with a pair like that.

Lionesses

An interesting story on American women soldiers in Iraq and Afghanistan.

Let’s Put The Government In Charge Of Health Care

Charles Murray (who by the way co-wrote one of the best histories of Apollo):

You want to know what a Medicare identification card is like? It is a little larger than the standard size for credit cards and driver’s licenses. (Of course. Couldn’t have the federal government make a card that will fit in a stack with all the other cards you use.) It has no magnetic strip. It is plain vanilla text and fonts—no security features whatsoever. It could be counterfeited by a sixth-grader with a scanner. It is made out of flimsy paper that would barely qualify for a really cheap business card. This, for Medicare benefits, for Pete’s sake. It’s pathetic.

Actually, it is shoddy and incompetent, as are so many things that the federal government does.

Let’s hope they’ll stick to making little cars.

I’d Be Ashamed To Be From Minnesota

Instapundit:

Caligula sent a horse to the Senate. Minnesota is just sending part of the horse.

Unfortunately, it will fit right in.

Iran And Honduras

Is President Obama objectively pro-fascist?

Sure looks like it.

Also, thoughts from Ron Bailey on energy Leninism.

It’s a tragedy (though perhaps it’s a plan, going back to Thomas Dewey) that the voters understand neither history or economics.

[Mid-morning update]

Everything inside the state, nothing outside the state.

Fortieth Anniversary Coming Up

It’s less than three weeks until the fortieth anniversary of the first human lunar landing. Alan Boyle has a roundup of links. It’s also a good time to start planning a commemoration ceremony with friends and family. HappilyUnfortunately, it’s on a SaturMonday this year, a good eveningnot such a good evening to have a party.

Link is fixed, too thanks to commenter “Jim.”

An Example Of How Lucky We Have It

The worst job they could come up with:

I’ve held my silence for long enough, but my true identity (for about 2 months) was the bird at Red Robin - Red, he really has a name. It was horrible, you could only be out in the restaurant getting poked and stepped on by little kids for 15-20 minutes at a time- at which point you would overheat and the staff would waddle you back to the huge meat freezer to cool off and start all over again. Perk: free steak fries and soda.

Boo. Hoo.

I don’t want to get into a Monty Python “we had to live in a cardboard box and get killed by our father every morning, and be grateful that we had the luxury of a box” sort of thing, but I’ve had worse jobs.

But I’m not going to bother to talk about them, because I know that at the worst, I lived in a paradise compared to many millions in the world. For example, consider the people who have to work in real sweat shops, where you don’t get a break every 15-20 minutes.

But even there, I don’t think it compares to a “job” in North Korea, where your job is to go out and find something to eat that will be worth the energy that it took you to find it — forget about whether or not it will feed your family.

These people have no conception of what bad jobs are. And the frightening thing is that they may find out before the reign of The One, who many of them voted for, is over, because he seems to think that state planning, as occurs in the extreme there, should reign over the market.

Cultural Imperalism

How McDonalds conquered France:

In the battle for France, Jose Bové, the protester who vandalized a McDonald’s in 1999 and was then running for president, proved to be no match for Le Big Mac. The first round of the presidential election was held on April 22, and Bové finished an embarrassing tenth, garnering barely 1 percent of the total vote. By then, McDonald’s had eleven hundred restaurants in France, three hundred more than it had had when Bové gave new meaning to the term “drive-through.” The company was pulling in over a million people per day in France, and annual turnover was growing at twice the rate it was in the United States. Arresting as those numbers were, there was an even more astonishing data point: By 2007, France had become the second-most profitable market in the world for McDonald’s, surpassed only by the land that gave the world fast food. Against McDonald’s, Bové had lost in a landslide.

As Hitler discovered, it helps a lot to have Frenchmen on your side. It’s a very entertaining read.

[Via Veronique]

[Update a couple minutes later]

The best take, from Michael Goldfarb:

In the course of Donald Morrison’s review of Au Revoir to All That by Michael Steinberger, we learn that McDonald’s is the largest private employer in all of France, which is sort of like being the largest provider of health insurance in North Korea, but nonetheless, it feels like a major triumph for American culture and cuisine. I once ate at the McDonald’s right next to the Arc de Triomphe. My quarter pounder tasted like hegemony.

Even better than the smell of napalm in the morning.

[Via Mark Hemingway]

Another Space Bleg

I’m quite sure that Doug Stanley is on record as not being on board with the moon as a goal for VSE, and wanted to use the opportunity to build a (heavy-lift) infrastructure for Mars. But can anyone point me to a citable source for this?

Yes, I am working on a major piece for a serious publication…

New Space Bleg

I have a recollection that at some time within the past few years, Burt Rutan made a statement to the effect that if we weren’t killing a few people to open up space we weren’t pushing hard enough. But a diligent search of the Intertubes doesn’t turn up anything like that. Does anyone else recall this, and if so can they provide a citation? Or was I just imagining it?

Selective Meddling

Some questions:

Now that the president has decided it’s okay to meddle in Honduras (where they are fighting to keep preserve their democracy against the Chávez-style thug who Obama wants to re-install) but not Iran (where thousands of Iranians who seek democracy are being killed, maimed and jailed by a regime which has been at war with the United States for 30 years), the president’s tack is to say that Honduras’s action in removing Zelaya is “not legal.”

What on earth makes Obama think he knows better about what is legal under the law of Honduras than the Supreme Court of Honduras and the law-writing legislature of Honduras? The Honduran military acted after Zelaya defied an order by that nation’s highest court which pronounced his coup attempt illegal; he has been replaced under a Honduran legal process by that nation’s Congress, which essentially impeached him and democratically voted in a successor. That sounds pretty legal to me. I am the first to admit I am not an expert in Honduran law, but I’d bet the Honduran Supreme Court has a better grasp on it than President Obama. On the issue of what is legal in Honduras, as between Hugo Chávez and the Honduran Supreme Court, our president has decided to go with Chávez.

Secondly, as IBD notes, the Obama administration is now “threatening to halt its $200 million in U.S. aid, immigration accords and a free-trade treaty if it doesn’t put the criminal Zelaya back into office.” Can someone explain to me how it is that Obama is willingly giving $900M to Hamastan (i.e., the jihadist-controlled Gaza strip) but would pull back a comparative pittance of aid in order to penalize a poor country in our own hemisphere for trying to preserve its democracy against a would-be left-wing dictator?

Also, as Charles Krauthammer said last night on Special Report:

…our decision ought to be: Yes, a coup isn’t a nice thing, but it’s preferable to having Zelaya dismantle the democracy. And we should insist on the elections of a president as scheduled in November, so it is a temporary situation.

Look, a rule of thumb here is whenever you find yourself on the side of Hugo Chavez, Daniel Ortega, and the Castro twins, you ought to reexamine your assumptions.

Hey, left-wing dictators have to stick together.

[Update early evening]

Banana Democrats:

Zelaya’s operatives did their dirt all the way through. First they got signatures to launch the “citizen’s power” survey through threats — warning those who didn’t sign that they’d be denied medical care and worse. Zelaya then had the ballots flown to Tegucigalpa on Venezuelan planes. After his move was declared illegal by the Supreme Court, he tried to do it anyway.

As a result of his brazen disregard for the law, Zelaya found himself escorted from office by the military Sunday morning, and into exile. Venezuela’s Hugo Chavez and Cuba’s Fidel Castro rushed to blame the U.S., calling it a “yanqui coup.”

President Obama on Monday called the action “not legal,” and claimed that Zelaya is still the legitimate president.

There was a coup all right, but it wasn’t committed by the U.S. or the Honduran court. It was committed by Zelaya himself. He brazenly defied the law, and Hondurans overwhelmingly supported his removal (a pro-Zelaya rally Monday drew a mere 200 acolytes).

Yet the U.S. administration stood with Chavez and Castro, calling Zelaya’s lawful removal “a coup.” Obama called the action a “terrible precedent,” and said Zelaya remains president.

In doing this, the U.S. condemned democrats who stood up to save their democracy, a move that should have been hailed as a historic turning of the tide against the false democracies of the region.

They only like democracy when it gives them the right (in this case “left”) result.

Catastrophe Avoidance

…is not a one-sided threat. For those people who don’t understand discount rates, a graphical presentation.

This is a problem that just begs to have a regret analysis performed on it. Of course, we have a media that can’t even do simple division, so why would we expect them to understand net present value?

[Update on Tuesday morning]

It’s the economic growth, stupid:

Here are some other metrics. The percentage of the world’s population that is at risk for coastal flooding is well under 1% in the baseline, and is not projected to rise close to 1% in any scenario within the 95-year forecast. Malaria deaths have historically been in effect eliminated by societies that achieve several thousand dollars per year of per capita income — the key risk here is once again slower economic growth that keeps parts of the developing world poorer longer.

Again and again, we see the same pattern: At least for the next century, changes in human welfare, even on metrics that are not purely economic, are fundamentally driven by changes in economic development, not AGW damages. This is why it makes sense to be focused acutely on risks to economic growth when considering the overall effects of any emissions-mitigation program.

Most people who advocate nonsense like cap and trade are ignorant of the science, but even more are ignorant of economics, including the “scientists.”

If I Had One Of These

..it would probably just chase women:

The person in the wheelchair wears a cap that can read brain signals, which are relayed to a brain scan electroencephalograph, or EEG, on the electrically powered wheelchair, and then analyzed in a computer program.

Research into mobility is part of Toyota’s larger strategy to go beyond automobiles in helping people get around in new ways.

The new system allows the person on the wheelchair to turn left or right and go forward, almost instantly, according to researchers.

Seriously, this will be a huge boon for the disabled. Faster please.