Saturday, June 25, 2016

What makes a ghetto?

WND: The Obama-appointed U.S. attorney for Idaho has taken the highly unusual step of intervening in a local criminal case involving an alleged sexual assault by juvenile Muslim migrants and threatened the community and media with federal prosecution if they “spread false information or inflammatory statements about the perpetrators.
WND and other news outlets have reported on the case involving three juvenile boys, two from Sudan and one from Iraq, who allegedly sexually assaulted a 5-year-old special-needs girl in the laundry room of the Fawnbrook Apartments in Twin Falls, Idaho. 

Badly parented children.  They become more than any combined group of tax payers wants to deal with.  They get shoved into the ghetto.   

Brexit returns power to the UK electorate

Nothing is certain until we understand what the British electorate will do with their power.  The betting now is that the British parliament will screw things up, like Italy.

The Brits can do well if they remember that fouling up labor or trade law immediately  bounces back in term of trade, exchange rates.  Brits no longer have a larger aggregation to lean on.

However, there is  no reason firms and households in the UK cannot follow EU rules when it suits them, with no bias against the UK government.  That process is called economic freedom,  The British parliament should grant enough economic freedom  so that London remains the world's banking capital; and exporters or importers can easily trade.

Immigration.  Simple, remove labor regulations as much as possible.  If the labor pool is not responsive, the trade terms get ugly very quickly; Trade is rebalanced with immigration. .  I am betting with the crowd here, the British voters likely do not know what 'on your own' and 'terms of trade' mean.  British voters  will vote policy that makes their own lives hectic, via the trade channel; they won't make the connection.

Hilarious, a rubber necker's delight

America's new grammar

Daily Caller: The University of North Carolina at Chapel Hill issued a guide this week which instructs students that Christmas vacations and telling a woman “I love your shoes!” are “microagressions.”  
 The taxpayer-funded guide — entitled “Career corner: Understanding microaggressions” — also identifies golf outings and the words “boyfriend” and “girlfriend” as microagressions. The UNC Chapel Hill guide, published on Thursday, covers a wide range of menacing microaggressions — which are everyday words that radical leftists have decided to be angry or frustrated about. Christmas vacations are a microagression, the public university pontificates, because “academic calendars and encouraged vacations” which “are organized around major religious observances” centralize “the Christian faith” and diminish “non-Christian spiritual rituals and observances.” 
The new book of grammar tells us:

In February, we brought you an article on developing critical habits of mind and practice through understanding implicit bias. While implicit bias encompasses “thoughts and feelings that occur independently of conscious intention, awareness, or control” [1]; microaggressions occur when these internal thoughts manifest during interpersonal interactions.
Microaggressions are “brief and commonplace daily verbal, behavioral, and environmental indignities, whether intentional or unintentional, that communicate hostile, derogatory, or negative racial, gender, sexual orientation and religious slights and insults to the target person or group” [2].
In other words, microaggressions can be comments that unintentionally diminish the work and accomplishments of coworkers or they can include body language and nonverbal cues that appear dismissive, hostile or insensitive. We may not even be aware when we are perpetrating a microaggression, but for someone who experiences them regularly, microaggressions fit into a larger pattern of being treated like an outsider.

Like with Sotomayor, you know they picked a dufas Puerto Rican.  But if I keep quiet what happens?  Everyone thinks female Puerto Ricans are all Sotomayor dingbats,We create a different form of bias.

Friday, June 24, 2016

Chicago, bankrupt

California's own secessionist group

The Yes, California face book page promotes independence.
They have a video:

Thursday, June 23, 2016

Secession is in the air

Omigod, they Brexited

Ten year yield: 1.53

The yield goes down as the British leave vote goes up.  Traders exiting stock and grabbing treasuries.  The British pound is getting reset lower in value, so we get a periopd of price distortion.

This is a regime change for Britain, no one knows for sure who wins and loses.  Watch events, when the Swamp does its helicopter drops, we will see the same uncertainty.

Will they hire humans?

MirrorRobots could be freed from their human masters and handed the power to own possessions under radical new EU plans.
Officials want to have machines declared as “electronic persons” amid fears they could challenge humanity for control of the Earth.
The plans would mean the robots could claim copyright on their work and trade money – effectively allowing them to form functional societies.
Their owners could be liable to pay social security for the machines to cover any damage caused.
The growing intelligence of robots could require rethinking of everything from taxation to legal liability, the draft motion suggests.

Ten year yield still below 1.7

That intrigues me.  The five year is 1.21.  Now, at the short end, the  minimum transaction costs is .14, the cost of jumping one  notch up the curve.  That is one banker pulling the slot.  So, it thus takes three bankers to pull the slot when jumping from five to ten.  The ratio of depositors to borrowers has changed, fewer depositors.

But, we are at a point when either technology changes and the bankers go away, or the banker cost of operating a low yields is not justified.