Welcome back my friends to the show that never ends. Start it right with our morning train reads:
• Companies are wasting money from layoffs on share buybacks (Marketwatch)
• Restaurant openings soar after wage hike (Puget Sound Business Journal)
• Why Self-Driving Cars Must Be Programmed to Kill (MIT Technology Review)
• Why too much choice is stressing us out (The Guardian)
• Most Earth-like planets have yet to be born, study suggests (Washington Post)
Be sure to check out our Masters in Business interview this weekend with Paul Desmond of Lowry’s Research.
Processed Meat Causes Cancer; Red Meat Probably Does, Too, WHO Group Says
http://www.nbcnews.com/health/cancer/processed-meat-causes-cancer-red-meat-probably-does-group-says-n451396
Bush, Cheney, Joe Kernan, Ben Carson and the Processed Meat Industry disagree and are outraged with seething anger.
Dihydrogen monoxide is also a major player in cancer formation, as well as being a suffocant that is related to numerous deaths each year.
http://www.dhmo.org/facts.html
Ex-British PM Tony Blair apologizes for Iraq War ‘mistakes’
http://www.usatoday.com/story/news/world/2015/10/25/tony-blair-apologizes-iraq-mistakes/74580318/
Bush, Cheney, Joe Kernan, Ben Carson and the Chamber of Commerce disagree and are outraged with seething anger.
Chicago’s leading business organization the CIvic Federation says governor Bruce Rauner’s budget is billions off from adding up.
http://www.chicagobusiness.com/article/20150507/BLOGS02/150509877/civic-federation-rips-unrealistic-rauner-budget
Bush, Cheney, Joe Kernan, Ben Carson and the Chicago Tribune Opinion page disagree and are outraged with seething anger.
But Moody’s and Fitch agree
http://www.chicagobusiness.com/article/20151019/NEWS02/151019818/fitch-downgrades-illinois-credit-rating-citing-budget-fight
Ex-GOP Illinois governors Edgar and Thompson both agree
http://www.dailyherald.com/article/20151022/news/151029623/
His own controller agrees:
http://www.qconline.com/news/local/munger-says-rauner-should-give-up-union-attacks
But you Rock Ribbers stick to your feelings!
Gallup claims:
Support for Tea Party Drops to New Low
Major drop in support from independents who lean toward GOP.
http://www.gallup.com/poll/186338/support-tea-party-drops-new-low.aspx
Bush, Cheney, Joe Kernan, Ben Carson and Rassmussen disagree and are outraged with seething anger.
Lamar Odom crisis spurs union plans to help NBA players adjust to retirement
http://sports.yahoo.com/news/lamar-odom-crisis-spurs-union-plans-to-help-nba-players-adjust-to-retirement-041722291.html
These delicate fellows need help, assistance, coaching, hand-holding? What happened to all the character building shit the guys in the sports industry always talk about imbuing?
FedEx Expects Record Volume of Holiday Shipments
http://www.wsj.com/articles/fedex-expects-record-volume-of-holiday-shipments-1445863230
No. Because Obama
North Carolina Central University student injured in shooting
http://www.upi.com/Top_News/US/2015/10/26/NC-Central-University-student-injured-in-campus-shooting/9361445855773/
More shootings. Thanks GOP voters, values voter, You in such deep need of tax cuts for your boss.
Re: Restaurant openings soar after wage hike
Since it is not possible for business to thrive with increased employee costs, the restaurant opening data must therefore be erroneous and is being spread maliciously by the left-wing liberal media. In reality, the restaurant industry in Seattle is suffering.
I got stuck watching CNBC just now. Let me summarize:
Rick Santelli: When things get religious like Climate Change, is that interest rate policy?
John Taylor: Some people say… Some people say… Some people say…
Re: Autonomous cars and moral decisions
I find it fascinating that we are finally applying some of the thinking in the real world that Isaac Asimov and others were writing short stories about 60+ years ago. These were the types of moral dilemmas that Asimov, del Rey, Kornbluth, Pohl and others were writing about in the 40s, 50s, and 60s as they imagined what out world would look like now and further in the future. Those writers focused much more on the ethical, moral, and cultural issues related to technology than the technology itself.
http://www.amazon.com/The-Complete-Robot-Series/dp/0586057242/ref=pd_sim_14_6?ie=UTF8&dpID=51muAg7YgFL&dpSrc=sims&preST=_AC_UL160_SR100%2C160_&refRID=0DHT1YQBV7TK0HCHGSPA
(The Complete Robot is not really complete as Asimov wrote many other robot-based stories, including entire novels, but its a great start)
http://www.amazon.com/Science-Fiction-Hall-Fame-Vol/dp/0765305372/ref=sr_1_1?s=books&ie=UTF8&qid=1445867165&sr=1-1&keywords=science+fiction+hall+of+fame
Human drivers, of course, don’t make moral decisions like that. The time frame is too short and an awful lot of accidents are caused by driver impairment and the need for conscious focus.
Unlike humans:
– Computers don’t get drunk or otherwise wasted, though they can be infected with various viruses and other forms of malware.
– Computers can monitor all of their sensors simultaneously, so their decisions are not limited by the need for conscious focus.
– Computers can think and react quickly enough to choose whether to kill the cripple or the orphan while the car is skidding along with limited control.
– Computers will have access to the appropriate databases so they can determine whether the relevant party is a cripple or orphan and make the appropriate moral choice.
It sounds like utopia to me.
The Internet of Things: Stop the things, I want to get off!
https://nakedsecurity.sophos.com/2015/10/26/the-internet-of-things-stop-the-things-i-want-to-get-off/
I have been baffled about why I would want to connect my thermostat and refrigerator to the internet so that some high school kid somewhere could hack into it and turn them off on a -20 day.
Trump: I’m not going to offer any 14-point plans
http://www.politico.com/story/2015/10/donald-trump-no-14-point-plan-215155
No plans are better than plans in GOP-land. Macho, white men, can just pull it off if the broads, browns and boys and babes in academia would just get the heck out of the way.
Republican voters LOVE this stuff. Why? Only their broker knows for sure.
Trump: All I had starting out was a ‘small’ $1 million loan from my father
https://www.washingtonpost.com/news/post-politics/wp/2015/10/26/trump-all-i-had-starting-out-was-a-small-1-million-loan-from-my-father/
Bootstrap Boy
HOWLER MONKEYS WHO ROAR THE LOUDEST HAVE SMALLER TESTICLES
http://www.capitalwired.com/howler-monkeys-who-roar-the-loudest-have-smaller-testicles/210836/
It’s a conundrum. Someone gives a voter universal health care, someone tries to make the average voter’s enormous debts easier to pay off (with a little inflation), someone wants to join the rest of the OECD countries (and our own 65 year olds!) with single payer, someone wants to make jobs for all the less educated and 50+ folks leaving the workforce and the voter thanks him by voting for a guy who stood for nothing (Mitt). Oy.
How Does Prison Gerrymandering Work?
http://priceonomics.com/how-does-prison-gerrymandering-work/
Ben Carson: Abolish Medicare
http://www.politico.com/story/2015/10/ben-carson-medicare-medicaid-215055
Carson pulls best with Americans who’ve brought Jesus Christ into their hearts…
Grandma go out there and find insurance! Read through the forms you old bat! If you don’t switch over to your own policy, hedge fund managers won’t get their tax cuts and big companies can keep their cash hordes of US Treasuries in Switzerland.
America is changing its mind on Israel: How Netanyahu is alienating his most essential ally
http://www.salon.com/2015/10/25/america_is_changing_its_mind_on_israel_how_netanyahu_is_alienating_his_most_essential_ally/
Call Bibi into those Benghazi Hearings and he’ll tell us what’s what. We need LOUD! We need ANGRY! We need forty-five seconds stares!
Netanyahu is a tool of the Israeli Fear industry. Realize this and you are free of him.
I am officially a VennData ditto head. Keep’em coming.
I’ve been one for a while now….
Venn,
In rare form today, dude. Always a pleasure. Bravo.
Reaper (former Republican)
Wonder if the citizens of these states would consider electing fiscally competent, representation next time …you’d think, if nothing else, that the gag reflex would finally get to them WRT the sort of people who could do this kind of thing.
Red States Spent $2 Billion in 2015 to Screw the Poor
In 2015, …spending by states that refused to expand Medicaid grew by 6.9 percent. That’s pretty close to the historical average. However, spending by states that accepted Medicaid expansion grew by only 3.4 percent. Obamacare may have increased total Medicaid enrollment and spending, but the feds picked up most of the tab. At the state level, it actually reined in the rate of growth.
In other words, the states that have refused the expansion are cutting off their noses to spite their faces. They’re actually willing to shell out money just to demonstrate their implacable hatred of Obamacare.
…there’s more. The residents of every state pay taxes to fund Obamacare, whether they like it or not. Residents of the states that refuse to expand Medicaid are paying about $50 billion in Obamacare taxes each year, and about $20 billion of that is for Medicaid expansion. …
The ducks are fighting back. They trained a dog to shoot the hunter. Brings a whole new meaning to the title “bird dog”.
http://www.indystar.com/story/news/2015/10/26/dog-named-trigger-shoots-indiana-owner-foot/74626450/
re: too much choice: I largely agree but in some cases it is a distinction without a difference. Our political process would be exhibit 1. Popular will is thwarted maybe 70% of the time. The will of the 0.1% is enacted 90% of the time.
more on too much choice: whenever I start with a new employer, the employee benefits onboarding process is a day. The health care ‘choices’ are 6-8 inches thick. My solution: ask someone who seems level-headed what I should do. Almost always it is BC/BS (I’m over 50 and significant health issues are realistic concerns).
In Canada, the basic healthcare coverage is payed for through an provincial plan paid for with payroll taxes. The “Health care insurance” offered by the employers are for covering improved rooms in hospital stays, better prescription drug coverage, dental care and vision care. As a result, on-boarding for those options is pretty quick and painless.
People usually go to university or college in their own province at relatively low costs. It would be unusual for a 4-yr degree to cost more than $100k all in (tuition, books, room, and board). Most people aren’t carrying large student debt. Professional schools (e.g. med school) don’t cost much more, so doctors don’t come out with massive debt which helps keep pay lower which helps reduce healthcare costs (another reason why healthcare costs there are only 2/3 those of the US).
one more point on less is more choice-wise: Europeans have a high tax rate but no concerns about health care, college or retirement funding. They are MUCH less stressed out.