This is kind of cool. Via Jim Oberg, I’m informed that two Russian strategic bombers are going to fly from Russia over the north pole and land in Oregon.

1350 GMT — Russian strategic bomber to visit U.S. for first time

MOSCOW. June 4 (Interfax-AVN) – The Russian TU-95MS Bear strategic bomber will conduct a flight to the U.S. for the fist time, Colonel Alexander Drobyshevsky,head of the Air Force press- service,told Interfax-Military News Agency on Friday. According to him,the strategic bomber’s flight is timed to the 100th birthday of famous Russian test pilot Valery Chkalov to be celebrated on June 15-21.

“The ferry flight will be conducted along Chkalov’s route from Russia to the U.S. via the North Pole,” Drobyshevsky said. He also noted that the TU-95MS would be refueled in the air over the Arctic Ocean outside the Novaya Zemlya archipelago by the IL-78 Midas tanker.

The TU-95MS is to fly from the Russian Air Force base in Engels to Portland, while the IL-78 from Anadyr airbase to Portland. The IL-78 will carry a delegation of Russian Air Force officials and various equipment for the bomber. “It will be the first time Russian aircraft of this type visit the U.S.,” he emphasized.

The beginning of the end of the war in the Pacific occurred for the Japanese.

The Battle of Midway was the most decisive single naval battle in U.S. history. The battle left two heavy Japanese carriers against four U.S. carriers, and cost the Japanese veteran pilots whose inexperienced replacements would require a full year of training. Furthermore, the Imperial Japanese Navy lost the secret of its Zero fighter, leading to certain improvements of the F6F Hellcat, which would, just a year later, begin to destroy Japanese air supremacy.

The Battle of Midway enabled the U.S. Navy to go onto the offensive. Herein lay the importance of the battle. For this is where I think people are wrong when they say that the loss of the battle would not have been a too important event. If the U.S. had indeed lost all three carriers at Midway there would have been merely three carriers remaining to oppose any Japanese move — none of which was a really good ship. Saratoga was old and slow in maneuvering, Wasp small and with a small complement of planes, and Ranger slow and small as well as ill-protected. None of these carriers could hope to last in a battle with the Japanese carrier fleet which would allow the Japanese to prosecute several goals: construction of airfields on Guadalcanal; invasion of Port Moresby; invasion of New Caledonia; and more. The Battle of Midway reversed this. The Japanese could never again operate offensively, while the Americans could now do so at places of their own choosing.

Two years later, almost to the day, the successful invasion of Europe at Normandy would signal the beginning of the end of Hitler’s regime as well.

The folks over at The Corner are debating the merits of phasing out the penny (there are several posts–just scroll down or control-F for “penn”).

Most seem to favor keeping it, and make all kinds of arguments for it, few of which I find compelling, and most of which are, in my humble opinion, at base a simple conservative resistance to change, them being conservatives and all. One last holdout was Peter Robinson, who was swayed to the pro-penny side by the following flawed argument:

A penny is to money as entropy is to thermodynamics. When you spend money, you get some useful work (the stuff you bought), some useful left over energy (large change), and some energy lost to entropy (pennies). Sure, if you get enough pennies together, you can make most of them useful, but some will always be lost to the pavement, cracks between the cushions, and not having quite enough to fill a roll of pennies.

Just as you can’t get rid of entropy in thermodynamics, I don’t think you’ll ever be able to get rid of fiscal entropy; the most you can do is turn nickels into the new unit of entropy.

Sorry, I don’t find the “entropy” argument compelling. If it were true, then if a hundred to the dollar is good, a thousand to the dollar would be better. Why stop there?

Face it, any choice of the smallest denomination of currency is going to be arbitrary. While it would be nice to see some deflation a la Ramesh, it’s a dangerous path to get there, and at the current valuation of the dollar, pennies really are useless.

I’d say that a reasonable criterion for when a coin has too small a value is when it’s not possible to purchase anything with a single one of it. A penny may still buy thoughts, but there’s nothing else that it can purchase in today’s society, since the demise of the penny gumball machine.

Away with it.

The folks over at The Corner are debating the merits of phasing out the penny (there are several posts–just scroll down or control-F for “penn”).

Most seem to favor keeping it, and make all kinds of arguments for it, few of which I find compelling, and most of which are, in my humble opinion, at base a simple conservative resistance to change, them being conservatives and all. One last holdout was Peter Robinson, who was swayed to the pro-penny side by the following flawed argument:

A penny is to money as entropy is to thermodynamics. When you spend money, you get some useful work (the stuff you bought), some useful left over energy (large change), and some energy lost to entropy (pennies). Sure, if you get enough pennies together, you can make most of them useful, but some will always be lost to the pavement, cracks between the cushions, and not having quite enough to fill a roll of pennies.

Just as you can’t get rid of entropy in thermodynamics, I don’t think you’ll ever be able to get rid of fiscal entropy; the most you can do is turn nickels into the new unit of entropy.

Sorry, I don’t find the “entropy” argument compelling. If it were true, then if a hundred to the dollar is good, a thousand to the dollar would be better. Why stop there?

Face it, any choice of the smallest denomination of currency is going to be arbitrary. While it would be nice to see some deflation a la Ramesh, it’s a dangerous path to get there, and at the current valuation of the dollar, pennies really are useless.

I’d say that a reasonable criterion for when a coin has too small a value is when it’s not possible to purchase anything with a single one of it. A penny may still buy thoughts, but there’s nothing else that it can purchase in today’s society, since the demise of the penny gumball machine.

Away with it.