Friday, March 30, 2018

Holland pays its debt

I stumbled across this YouTube video about how a water authority in the Netherlands sold a perpetual bond, one with no maturity date, 367 years ago.  The bond has since been acquired by Yale University and it collects about 11 Euros per year interest payment.  There's something noble about honoring a financial agreement even though the costs of administering the debt outstrip the debt itself.  Hey, a deal's a deal.

Thursday, March 29, 2018

Wednesday, March 28, 2018

Oh, no kidding? First time I've heard of this

Washington Post: "A debt crisis is on the horizon."  "For years, economists have warned of major increases in future public debt burdens. That future is on our doorstep. From this point forward, even if economic growth continues uninterrupted, current tax and spending patterns imply that annual deficits will steadily increase, approaching the $1 trillion mark in two years and steadily rising thereafter as far as the eye can see."

Sounds like a problem for the next generation.  Now gimme my check!

Related: OC Register: "How pensions are clobbering small California cities like Santa Cruz."

Tuesday, March 27, 2018

It's come to this

Democrats are now suing over the census.  The Hill: "Blue states sue Trump over census citizenship question."
Democratic attorneys general in several states said Tuesday they would bring legal action to stop the Trump administration from adding a question on citizenship to the next U.S. census, a question they said would lead to serious undercounts that could reverberate for years to come.
This was a question that appeared on the census until 1950, so its legality is not really in dispute.  Administration of the census is entirely the responsibility of the Executive Branch, administered through the Commerce Department.  So basically the Democrats' Constitutional objection to the new question is the legal argument of "That's no fair!"

Just don't answer the question.  It's not a deposition.

Monday, March 26, 2018

Here in the Happy Valley

It's been a while since I've written about the liberal nutjobs here in the Five College system.  Usually it's Hampshire College.  Had Enough Therapy?: "The Red Guards take over Mount Holyoke College." 

What happened to the great deals?

The Hill: "Coulter slams Trump: We thought we were getting a negotiator."

What's worse than this deficit-exploding spend-a-thon is that Trump didn't even seem willing to put up much of a fight.  In the end, he decided he didn't want to take heat for a government shutdown.

Friday, March 23, 2018

Dear Classic Rock radio station

If you have a promo that plays the opening notes to "Limelight" then - dammit - play "Limelight" and not "Under Pressure" for the umpteenth time.

Tuesday, March 20, 2018

Correction of the day

Oh, Reason Online, you're better than this.  "Congress Is Still Ignoring Its Spending Problem as Deadline Looms for $1.3 Trillion Spending Bill."
CORRECTION: This post erroneously described the omnibus bill as spending $1.3 billion. It will spend $1.3 trillion.
Cha-ching!

Monday, March 19, 2018

Leakers at the FBI

The Hill: "McCabe just made life tough for Comey and the special counsel."  "The Justice Department’s inspector general clearly saw this “interaction” as problematic in seeking answers from McCabe. If the inspector general considered this to be a leak to the media, any approval by Comey would be highly significant. Comey already faces serious questions over his use of a Columbia University Law School professor to leak information to the media following his own termination as director."

Friday, March 16, 2018

Canary in the NASCAR coalmine

Uh-oh.  SB Nation: "Jimmie Johnson losing Lowe’s is another warning for NASCAR."
The news cannot be deemed shocking. In fact, Lowe’s announcing it would cease sponsoring Jimmie Johnson and Hendrick Motorsports past this season was a move many within the NASCAR industry had foresaw coming for some time.

But while anticipated, it doesn’t blunt the significance any. Instead, it offers another dire reminder about the state of NASCAR in 2018 amidst continually slumping television ratings, flat attendance, and an economic climate where teams are saddled with exorbitant costs but have fewer dollars coming in.
And then I noticed this little factoid on the Jayski Silly Season site for this Sunday's race:
Since only 37 cars are entered [for 40 spots], all drivers will make the race.
I saw two races at the New Hampshire Motor Speedway and had a great time.  At the time, I paid for tickets in advance (without knowing the weather forecast) and once I took a tour bus so you could - ahem - "recover" before you got home.  But there aren't enough fans in Western Massachusetts to justify the charter anymore and, well, it's so much easier to avoid the awful traffic and stay home, especially when there's a possibility of a rain delay.

Sorry, NASCAR, but I feel you're slipping back into a regional demographic.

Wheat = Kansas. Corn = Nebraska.

Powerline: "Corn? Wheat? It's all the same to the New Yorker!"  FYI to the New Yorker: there's a NASCAR race set in Kansas, too.

That smell

Federalist: "San Francisco Is Suffering From The Excesses Of Its Own Liberalism - The astounding level of mismanagement and general deterioration of public decency will continue to plague the city until reasonable measures are taken to combat vagrancy."

Thursday, March 15, 2018

Talk about maximum ambivalence!

National Review: "Dems Prepare To Oust Pelosi if They Take Back the House."  "Top Democrats in the House believe Minority Leader Nancy Pelosi (D., Calif.) will likely be ousted from leadership in favor of a younger and more inclusive lawmaker should Democrats reclaim the lower chamber in 2018."

Waiting for the collusion fairy

Federalist: "Okay Adam Schiff, Show Us The Russia Collusion."