The intellectual arrogance of this post is breathtaking.
For the record, I’m not a “denier,” I’m a skeptic, as are all true scientists. And I think that long before we die, society will come to its senses. It’s already started happening, when you see how low this issue is on most peoples’ agenda in the polls (close to the bottom).
…seems to be collapsing. Goody.
Thoughts on the administration policy mess. And the media will continue to help spin it, all the way to November.
Thoughts on the latest insane interference in the housing market, from Charlie Gasparino and Kevin Williamson. Also this does is punish good behavior, and reward bad, with the inevitable consequences.
Like me, the editors at National Review are pretty unimpressed with Romney’s stand on the minimum wage.
This isn’t really news, but it’s depressing anyway, indicative of a massive failure of government policy and misincentives:
What the study found is not the least bit surprising. Students who learned little in college (as evidenced by scoring in the bottom quintile on the College Learning Assessment) were three times as likely to be unemployed as students who scored in the top quintile, twice as likely to be living at home, and somewhat more likely to have run up credit card debts.
Those findings throw cold water on the smiley face idea that going to college is necessarily a good “investment.” Even some of the top graduates were unemployed and living with their parents and a much higher number of low-performing graduates were. Unfortunately, the study did not seek to find out how many of those graduates were “underemployed” in jobs that high schoolers can do. (Perhaps no further evidence on that is necessary, though, in view of this study.)
Another particularly interesting finding from “Documenting Uncertain Times” is that employers pay little attention to what students majored in and how good their academic records were. The authors write, “That nearly two-thirds of these recent graduates’ employers did not require them to submit transcripts speaks to the perceived limited value and trust employers currently place in this traditional record of achievement in higher education.” If, as I have argued for years, many employers are simply using the presence of a college degree as a screening device, that behavior makes perfect sense.
A company that, for example, needs to hire someone to handle a car-rental desk might insist on a college degree as evidence of trainability, but not think it worth the added cost of checking to see how he or she did in college. Whatever education might have been absorbed is irrelevant; all that matters is the credential itself.
A credential becoming worth less and less. This all started when it became difficult for employers to test job applicants. As noted there, if we can’t get government out of the student loan business, which is a large part of the problem, we need to force the schools to put some skin in the loan game themselves, because as the situation is currently, they’re not punished for their failure to educate, but rewarded.
Why will she not obey our theories?
The world’s greatest snow-capped peaks, which run in a chain from the Himalayas to Tian Shan on the border of China and Kyrgyzstan, have lost no ice over the last decade, new research shows.
The discovery has stunned scientists, who had believed that around 50bn tonnes of meltwater were being shed each year and not being replaced by new snowfall.
Unexpectedly!
Of course, they have to maintain the politically correct line:
“The new data does not mean that concerns about climate change are overblown in any way. It means there is a much larger uncertainty in high mountain Asia than we thought.
Yes. Now consider what else you don’t know that you thought you did. And yes, let’s spend trillions now to prevent the ocean from rising by one meter a century from now. Because that makes perfect economic sense.
Jeff Lord is disappointed with both Romney and Santorum’s lack of space vision, though more so with Santorum:
Instead of Bain bashing, Santorum is attacking Gingrich over the ex-Speaker’s vow to return America to space exploration with a vengeance — in the form of a moon colony. An obvious intent to carry forward with the Reagan space legacy made all the more potent by the Obama administration’s deliberate halt to the very idea of a serious 21st century American presence in space. Appallingly, if predictably, Gingrich’s decision to carry forward with Reagan’s vision has already been mocked by the Obama-lite Romney. But Rick Santorum? The would-be “Authentic Conservative”? Bashing Ronald Reagan’s vision?
Emphasis mine.
As is often the case, he doesn’t seem to understand the new policy, because this is a gross mischaracterization of it. If anything, it was the first serious policy for American presence in space, in that the goal was to finally make it affordable to do so, which the Congress not-so-promptly undid with its insistence on a NASA-developed heavy lifter that will not in any way advance the goal while underfunding or eliminating funding for the things that will. I wonder if he is aware that Gingrich was actually supportive of the Obama policy?
The latest advice on going paleo.
I’ve been doing this for about a year, though I haven’t gone whole hog (so to speak) on it. I still occasionally have a slice of bread, or potato, or legumes (though I’ve quit eating peanuts). And it’s tough to give up cheese.
The biggest problem with it is that most people in the world can’t afford it. Civilization happened because when agriculture happened, food became cheap, but not good for our health. If everyone started eating this way, prices of produce and meat would skyrocket — it’s just too inefficient, in terms of the acreage it takes to produce it, for everyone to be able to eat wild or range-fed meat and leaves. The ultimate solution may be genetic engineering that can produce healthy and good tasting foods in vats on a similar industrial scale to that of present-day refined grains. Of course, for many, the instant gratification of stuff that tastes good (sugar, bread, pasta), particularly when it’s cheap, will always overwhelm the long-term benefits of a better diet. But I think that the science is speaking very clearly on this issue now, and it’s time to end the war on fat and the nonsense of the FDA pyramid.
Is commercial real estate the next bubble to burst?
This is a textbook case for the Austrian business-cycle theory: Artificially low interest rates and loose money produce overinvestment, by both bankers and builders, in a bubble — this time, offices, apartment buildings, and retail space — that can’t be sustained once the artificial stimulation comes to an end, as it must. In this case, that malinvestment has to be worked out at two levels: At the financial level, among the lenders and borrowers, but also at the physical level: There’s going to be a lot of dark storefronts out there, with serious long-term consequences for nearby neighbors and for local real-estate markets: Foreclosures will put more property onto the market, driving down rents and subsequently making existing loans less tenable as the cashflow of commercial properties is diminished. They called the Depression-era tent cities “Hoovervilles.” The next time you see a mile of half-abandoned strip malls, think “Obamaville.”
This is just one of many things that could happen this year that will crater Obama’s reelection hopes.