Homines libenter quod volunt credunt
Posted in Behavior on Oct 23rd, 2009
In the last election, DC went 92% for President Obama. And the conventional wisdom is that DC is largely populated by trend, progressive-minded cosmopolitan folks. If this is indeed true (and I think it is), then why is it that DC seems to be as racially segregated as any other city in the US? See […]
Posted in Corporatism on Oct 23rd, 2009
Rent-seeking is the new venture capital model, Kleiner Perkins managing partner Ray Lane explained to an electric car-conference here Wednesday. In an extraordinary speech, Lane laid out how market socialism can guarantee profits for politically connected VC firms like Kleiner — far more preferable to the old model of “throwing a dart at a dart […]
Posted in Unintended Consequences, Welfare State on Oct 23rd, 2009
… is that they sometimes kill their prey. Gov. David Paterson warned Thursday that New York could lose $1 billion under the Obama administration’s decision to cut executive pay at seven companies that received federal bailout money. “I’m not going to defend the people who run these companies,” Paterson said. “They frittered a lot of […]
Posted in Politics on Oct 23rd, 2009
… we celebrate the passing of legitimacy and the rule of law here in America. Next, every pharmaceutical, hospital and insurance executive in the nation was held out as a prime obstacle to health-care nirvana. And that was their reward for cooperating. When Humana warned customers about cuts to Medicare under “reform,” the White House […]
Posted in Politics on Oct 23rd, 2009
Sorry to post so many links, but some are too good to pass up: Lack of competition has lulled Democrats into a complacency that borders on corruption. In recent years, two of the signature achievements of the New York City Council have been orchestrating a massive fraud against taxpayers by allocating money to phony nonprofits […]
Posted in You Can't Have it Both Ways on Oct 23rd, 2009
Last week, several sites linked to this article in the NY Times discussing how Saudi Arabia hopes the be compensated for their losses if the world moves away from oil. I suspect many of you would find this laughable, and that was the intent of those links. However, before you chuckle too hard at the […]
