It’s not working as advertised, but it is working according to its design.
Category Archives: Business
The Peter Principle
Could it explain the Fermi paradox?
NASA’s Budget
Jeff Foust has the details.
As usual, SLS/Orion is funded above the request, and Commercial Crew below it. And technology takes it in the shorts yet again. But at least they didn’t underfund Commercial Crew as much as they have in the past. It’s only about a hundred-twenty-five million less than the $800M+ request. It apparently also contains a three-year extension on launch indemnification.
Note that Congress is demanding a cost-benefit analysis for Commercial Crew, but (as Clark Lindsey notes) not one for the wasteful $3B that’s going to SLS/Orion.
Jobs
How Democrats kill them. While lying (perhaps even to themselves) about how they’re creating them.
Income Inequality
Republicans should own the issue, with competition and markets, and fighting cronyism:
Well, no. Inequality has increased across advanced economies. Macro factors such as globalization and technology deserve most — but maybe not all — of the “blame.” Big Government loves to pick winners and losers in the private sector. Some lucky ducks owe their place in the 1 percent or 0.1 percent or 0.01 percent to federal favoritism. Conservatives shouldn’t mind at all when value-creating innovators and entrepreneurs strike it rich while crony capitalists do not. The precious tax breaks and subsidies that go to rent seekers, such as those in the agriculture and alternative-energy sectors, should get the ax. Sorry, Big Sugar and Big Solar.
Unfortunately, they don’t mind cronyism that much, as long at it’s their cronyism.
Our Prussian School System
More thoughts from Glenn Reynolds on the public-school disaster, over at the Daily Caller.
[Update a few minutes later]
Related: Meanwhile, back in the Fatherland:
Got that? Let me repeat it just in case. A German judge took children away from their parents because “he family might move to another country and homeschool, posing a ‘concrete endangerment’ to the children.”
In August, 20 armed police, equipped with a battering ram just in case, arrived at the door of this Darmstadt family and forcibly took four children, ages 7 to 14.
Was there anything wrong with the children? Nope. The judge — whose name, by the way, is Marcus Malkmus, in case you have a voodoo doll handy or wish to burn him in effigy — the judge admitted that the children were 1) academically proficient and 2) well adjusted socially.
He just didn’t like homeschooling.
Why? Pay attention now: this takes us deep into the heart of a leftist: because he feared that “the children would grow up in a parallel society without having learned to be integrated or to have a dialogue with those who think differently and facing them in the sense of practicing tolerance.”
The invocation of “tolerance” is especially cute, don’t you think?
As Glenn writes: “Everything within the state, nothing outside the state, nothing against the state. Gleichschaltung!”
The Latest California Idiocy
Condoms for cooks’ hands:
So this law is in fact encouraging the very problem it strives to prevent. God, I’m glad I’m not governed by California—what a bunch of knuckleheads when it comes to food! Why don’t you people actually try to know what the f**k you’re talking about before legislating? Jesus.
I am continually washing my hands in the kitchen when I cook. This is moronic.
The Weather Channel
Is DirecTV going to drop them?
I’ve never watched it since I left Florida, when they had OK hurricane coverage (though the local channels generally did a good job when the things got near). But at least they did fire “decertifier” Heidi.
Commercial Space In 2014
Leonard David has a roundup of prognostications. I hope that Virgin has commercial flights this year, but I don’t expect it, based on history.
Going Galt
America’s already done it:
The implications of this are actually terrifying. What are those nearly 92 million people doing with their time, other than sitting around depressed?. Many, of course, are on some version of welfare. Some are panhandling. We see the homeless on the streets of all our big cities. Others are moving into a shadow economy, much of it illegal (drugs, prostitution), not paying taxes on whatever they earn. It’s truly a sad situation. No wonder so many states are moving toward legalizing grass. Everyone wants to zone out.
This is rapidly approaching a a pre-revolutionary condition, but not for a revolution many of us would want to undergo. To avoid it, a massive change must occur at the federal level. But Barack Obama, mired in a dead ideology, doesn’t seem prepared to do anything but prolong the situation with highly conventional liberal solutions that have failed for decades, maybe even centuries.
And yet there is so much he could do. The most obvious, many of us know, is to unshackle the energy industry. He should dismantle much of the bureaucracy as well. There’s a lot more, of course. But the point now is to realize that when you have nearly 92 million people deserting the labor force in a country of 317 million (many of who are children too young to work), you have a catastrophic problem on your hands.
Even if he’s capable of realizing that, he’s ideologically incapable of changing.
[Update a few minutes later]
This is a recovery only in the narrow, technical sense of growth in GDP. But it’s not growing anywhere near fast enough to provide jobs for those who want and need them. It’s the worst economy since the Great Depression, brought on by similar foolish policies.
[Late-morning update]
December probably wasn’t a one-off:
The smiley-face crowd’s next line of defense is that December was a one-off — some are even blaming inclement weather, which is pretty pathetic, given that those who predicted seasonally adjusted job additions of almost 200,000 already knew what the month’s weather was like — and that the generally upward trajectory seen during most of 2013 will resume. There are many reasons to question that optimism.
I think a lot of wishful thinkers are underestimating the destructive effects of uncertainty in health insurance on hiring.