A hint of sandbox

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Busing killed the New Left

FLASHBACK: Joe Biden Said 'Busing' Was Harmful To The Civil Rights Movement

Busing is the reason we got Richard Nixon and Ronald Reagan. As in:

It wasn’t until the mid-1970s that Boston’s “busing crisis” finally garnered national attention. It was easy to forget that this wasn’t a new phenomenon, that black people in Boston and other cities had been fighting for years to secure equal education, and that powerful local officials and national politicians underwrote school segregation in the North. School desegregation was about the constitutional rights of black students, but in Boston and other Northern cities, the story has been told and retold as a story about the feelings and opinions of white people. The mass protests and violent resistance that greeted school desegregation in mid-1970s Boston engraved that city’s “busing crisis” into school textbooks and cemented the failure of busing and school desegregation in the popular imagination. Contemporary news coverage and historical accounts of Boston’s school desegregation have emphasized the anger that white people in South Boston felt and have rendered Batson and other black Bostonians as bit players in their own civil-rights struggle.

Now Kamala and Liz want to bring it back! 

This is not the fight the Dems need, Trump and Biden win that debate.  None of the various colors are helped by busing kids around to far away schools.  The focus should be ion improving the schools you have, namely get the better parents involved.

Dems wasted 15 years doing this battle, and failed. Dems spent 20 years trying various version of federal health care, and still fail. Their history of failure then doi the 'This time is different' is legendary. Repubs just screw up directly, mostly in reaction to Dems screwing up.

Art Laffer has gone MMT

Because members of the Federal Reserve Board  are all appointed by politicians, they should not be independent of the administration, economist and President Donald Trump adviser Arthur Laffer argues."The Fed should not be independent of the administration – never should be," Laffer told Sunday's "The Cats Roundtable" on 970 AM-N.Y. "None of those people were elected. They were all appointed."And there's no reason for them being appointed. It's a policy tool that should be in the hands of the Congress and the president to make our country better – not in the hands of some Princeton professors who never worked a day in their lives except on an academic papers far from reality. I don't think there should be an independent Fed."

His tax income is not maximized as he wants.  He has two curves which he wants risk equalized, taxes and spending. He expects Treasury to find the optimum then inform the Fed and then the Fed sets rates.  That means the currency function is in Treasury,  one step removed from the S/L market, Treasury will always be slightly behind and we cycle, one way of the other.

I am not sure what Art Laffer is thinking, except he wants an MMT correction. He want a full Nixon Shock, the sudden repricing of government debt done overnight with Treasury and the bog banks.  OK, why not say that? Why be such a coward?

Take a loss on selling the house

"Wealthy" Chicago Households On Hook For $2 Million In Debt Each Under 'Progressive Solution' To Pension Crisis

Rich people who hold on to a two million dollar house in Illinois have a choice, sell the house and save two million on taxes or potentially keep the two million dollar house and lose on the property collapse.  More will take the former.

Mohummerduders

FROM THE FLAMES ISIS poised for ‘devastating’ comeback thanks to secret billions and sleeper cells, new report warns

The Washington-based Institute for the Study of War is warning in a report that the brutal terror group is set to come back — bigger and more dangerous than before.
In Iraq, ISIS is already seizing control the study reveals.

The report warns: "ISIS has systematically eliminated village leaders and civilians who cooperated with anti-IS forces.
“It has reimposed taxes on local populations in its historical support zones, displacing civilians and de facto controlling small pockets of terrain in Iraq.”
Syria may prove more difficult for ISIS because of American and Russian backed forces there.

But the report argues that far from being defeated the terror group’s members has simply fanned out and are ready to regroup in a classic guerrilla warfare tactic.

Iran is on our side in this struggle. Funding is from Trump's pal, that guy in the bathrobe.  They have this suicidal, bizarre religion. They recruit clueless Arab desert kids.  Persians been fighting these dues for 1500 years, give them benefit of the doubt.

Brad means "Bubba did OK"

NAFTA is nowhere.The 2002-2007 bilateral-trade "China shock" is simply not a terribly big deal for the country as a whole: employment in traditionally-male blue-collar occupations was flat. A big deal for places that found their manufactures competing with new imports from China, yes. But not for blue-collar traditionally-male employment in the country as a whole.For the country as a whole, it is aggregate demand—2001-3 recession, weak recovery, 2007-9 catastrophe, and then superweak recovery—with a supporting role for technology-and-preferences:

A sandbox technique

How Large Are Default Spillovers in the U.S. Financial System?

An Upper Bound on Network Default Spillovers Our goal is to estimate expected default spillovers for the entire U.S. financial network, across all institutions and asset classes, with the fewest assumptions possible. To do so, we use a new way to deal with the problem of data deficiency proposed by Glasserman and Young. They show that for a very broad class of models, even though the actual expected spillover losses cannot be computed without knowledge of all bilateral exposures, an upper limit to these spillovers can be estimated using only node-specific information (that is, without a precise breakdown of the nodes' counterparties or the magnitudes of obligations to them). In particular, the upper limit is based on each node's probability of default, its total outside assets, and its ratio of inside liabilities to total liabilities. Thus, at the cost of estimating an upper bound on spillovers instead of their actual values, the data requirements are greatly reduced. 
The upper bound shows how much larger expected losses in the connected network are, when compared to expected losses in an analogous disconnected network with its interconnections removed (see part 1 of this series for details). Estimating the upper bound in this way enables us to quantify the effects of the network structure, without needing additional assumptions about the initial shocks to each node’s outside assets. 

This is really asking what the upper bound is on pit boss operations across a liquidity net.    It can be observed during adiabatic change, a node at a time should stress the network sustainability.  The probability that a node exceeds its basket size, one way or the other. Some nodes should be more susceptible if they tend to remain skewed.

The network is a collection in which should be the generator, embedded to a mostly sustainable channel.  A days work in the sandbox.

Nine point bump for busing our kids

Kamala's gain from her proposal to bus our kids away from us parents everyday? It will not hold once parents begin looking up busing in the news.

Along with a doofus legislature

PG&E Update: Utility Blamed For More Fires International Business Times

Pacific Gas and Electric and subsidized prices and do you want new windows and your door needs replacing and fill out this income transfer form and let the tree trimming be restricted by legislature because the Sierra Club wants it and this is the second time the legislature screwed up energy in California.

We have a failed Hispanic legislature, pre-Franciscans. Monarchists.

Apple, Amazon, and the rest of Big Tech all have a lot to learn from the Green New Deal Fast Compan

Apple sees NGD everyday in the dead weight San Jose Light Rail hauling empty steel cars at six times the inefficiency of buses.  That would be Diane's Old New Green deal, and I doubt AOC's New New Green Deal will be better.

The big data economics class at Harvard

Sort of a broad overview of sifting trough huge sequences to find patterns.  But it is step one in generating sandbox engineers, and we need a lot of them.

Apple had the closed network

Add in AppleID.

The Spectre Spec

The provable conditions that a contract will conclude securely in the instruction cache.  Kernel guarantees calls to identified ledgers, state erased, kernel has hardware secure personal memory. We can add, a validation link back to the foundry.

One fundamental truth of elementary schools

Intelligent, active parents close by.
This seems true, and mostly seems true everrywhere for elementary school at least.  Active parents recruit students and mentors for the extra activities, like music, league soccer, the scouts, PTA, theater. If anything, they overburden the kids, but it tends to be voluntary.   This stuff cannot be bought with government parenting services.

My home town, in the news

A mother is being accused of killing her son and leaving another son seriously injured Saturday, in a case Tulare County Sheriff’s deputies are calling “horrific.”Details are preliminary. The Tulare County Sheriff’s Office said in a news release that deputies around 5:30 a.m. responded to a home on Avenue 184 in Porterville for “suspicious circumstances.”A caller told the Sheriff’s Office that a woman, identified as Sherri Telnas, 45, took her two boys — ages 12 and 7 — into a corn field across the street from their home. There, the children were possibly thrown into a ditch, the release said.By the time deputies arrived, one of the boys was nearly dead. The caller said the woman had been acting strange.Both boys were taken to a nearby hospital, but medical staff could not save the older child. The 7-year-old remains in a critical condition.

I never thought corn was a profitable crop around here.

Give one to Jeff

Affordable Housing: Meet Amazon's $18,000 "Lillevilla" House with Free Shipping

Great idea, hat tip to Mish.

I kept thinking about this, tiny home is easy to 'kit bash' and costs should be less than 20k.  I can get a permit for this in my backyard in Fresno.

Red Hen employees spit in your food

Red Hen Restaurant Owner: Maybe Trump’s People Deserve To Be Spit On

I think I interpret that correctly.

The White House Pod

If I have the New Fed right, we will unleash a chaos of new government accounts, all the way to the department level with private bankers offering layered services. Secure ID is essential.

The delusion of 'lack of demand'

Separating supply and demand

Four billion in toys

F-22s Deploy to Qatar for the First Time Amid Iran Tensions

The F-22 production was axed because of its highcost - US$62 billion for the whole project, which equates to US$339 million per aircraft. 

They have a dozen, or 4 billion dollars of these, and are likely running an expensive ogistics and support system.

I know kids, here in America, who could fly a hobby drone over these with a stick of dynamite. And that is an expensive defense in a world of chaos and kids everywhere making hobby drones. Trump is unaware, but her is getting us stuck in an asymmetrical situation, easy in, hard out.

We have little liquidity, so this is Arab paid for, we just being oil mercenaries. The Arabs will get us stuck, we will get a surprise multi-trillion war. We will get stuck, cannot produce the cash and, just like Nixon (I need say no more).

Reaching a bit is Beto

Beto: Migrants Have No Choice But To Come Here Due To Climate Change

Dems need better candidates. Below the fold is Central American weather, much like Florida.

Persians get a bit of a clue

Iran’s Plan: Make The United States Seem Eager For War

Zarif’s comments prefigured the strategy that Iran’s Supreme Leader Ali Khamenei is following today in his brinksmanship with President Trump. Playing on the fear, especially prevalent among European elites and American Democrats, that Trump is, precisely, an agent of chaos, Khamenei has taken a leaf from the book of Chinese leader Xi Jinping, who in 2017 appeared at the World Economic Forum as the representative of enlightened globalism. “We should adhere to multilateralism to uphold the authority and efficacy of multilateral institutions,” Xi declared. “We should honor promises and abide by rules.”

Iran has won the war, it needs to avoid the battle.

The story has legs

Apple Moves Mac Pro Production to China

With the previous Mac Pro model, released in 2013, Apple Chief Executive Tim Cook trumpeted plans to build it in the U.S. Apple invested $100 million in tooling and other equipment for a plant in Austin, Texas, run by contract manufacturer Flex Ltd. Each computer was stamped “Assembled in the USA.”

The story behind the story is that the Texas plant did not have enough experience with machine tools and other tech for manufacturing.  Thus, they did not have the productivity needed to make the Pro profitable in a declining market.   Now it has moved to China, via a Taiwan company.

In fact, statisticians have said we are generally dumber than we were decades ago. I notice stupid is spreading around quite a bit.

Apple has one future, leverage AppleID and build sandbox. AppleID is a passage way into (and out of)  the various liquidity nets being constructed.  Fintech is expecting AppleID, and Timmy better deliver.

Joe has no plans to bus our kids across town, to the bad schools

Joe Biden defends his record on opposing desegregated school busing

OK, note to self when the elections comes.

Censors are back again

They come and go, mostly trying to protect some particular economic delusion.  I can name them.

• 1) New green Deal
• 2) School Busing
• 3) MMT moment
• 4) Dealing with small states and a republic

Walmart camptown hotel

I’ve written a lot about homelessness on the west coast and the property crime that tends to go with it. This story from Garden Grove in Orange County is happening just about five miles from my house. Homeless people have set up a camp of sorts in the parking lot of a local Walmart. There are complaints about harassment of shoppers, break-ins and vandalism of parked cars, and shoplifting from the store itself. And yet, not much is happening to change it.
A nearby store has hired security guards to patrol the lot as well as maintenance people to clean up the trash left behind by the homeless but that doesn’t solve the crime or other problems. According to KCAL 9, the Walmart where this homeless camp is being set up has refused to ask people to leave and local police say there’s not much they can do.

Eventually Walmart will find it difficult to turn a profit in the business.

Dan Rather, famous news fraud

Dan Rather Warns Donald Trump Over ‘Deeply Strange’ Putin Meeting: ‘History Is Watching’

He lost his job in a news fraud and has been making up shit ever since, trying to get attention.  Not worth listening to.

Kamala's favorite elementary school

Berkeley Thousand Oaks School:

A fierce advocate of integration, Neil Sullivan moved to California 1964 to take over as superintendent. In the subsequent years, a task force reported to him to address the de facto segregation in the community.

Kamala and Liz officially proposes busing our kids

Sen. Kamala Harris’s (D-CA) national spokesperson said on Thursday evening that Harris even supports “busing for school integration right now.”

A non starter, a deal killer.  The Dems plan on putting a candidate up for election who plans to bus our kids? I am waiting for the rest of the crowd to confirm. Reporters should ask each and every candidate: "Do you agree with Kamala that we should start busing our kids?".

Warren restates support for busing amid Biden-Harris duel

So if we elect a Dem our kids be bused to inner city schools where violence, drugs and gangs prevail.  I do not think a Dem is going to be elected on that platform.

The Crown Prince is costing taxpayers trillions in defense spending

Mr Trump praised the Saudi crown prince as “a friend of mine” who was doing “a spectacular job” as they met on the side-lines of the G20 summit in Japan, but ignored reporters’ questions about his alleged role in the 2018 killing.
The US president described the murder as “horrible”, but insisted that Saudi Arabia had been “a terrific ally” helping create jobs in the US during Saturday’s press conference.

We are definitely not paying for it.  Trumps blunder will force the MMT before we are ready.  The same crap happened to Nixon, Repubs force extreme spending measures, unsupportable, and we MMTed.

I have a better idea for Menzies chart

Menzie shows the chart is not stationary, the trend lines change over long periods. Then he suggests a stationary test, one that checks for a unit root (does it cycle) and one that checks for stationary (monoticaly equilibriates).

I can do this by eye. I know that stationary implies the sampling theorem is met, and I look and see that everywhere the lines make a trend, the number of recessions has regularity.

I can do his test by eye because the spectrum is sparse, easy for me to spot the regularities. I am really looking for regularity of zero crossings to determine this meets the sampling theorem; and that is really the test of  stationary.

The trend changes because the agents do automatic scale adjustment when the trend fails. That trend is the velocity equation, it is made accurate by scale adjustments, scale adjustments are an altering of the sampling rates on both sides of the trade. AGents are algebraic in pricing, the math equivalent of lifetime hypothesis from Milt.  The actual mechanism is deja vu, agents spot peaks in the cycle, identify the complete sequence them rhyme the sequence to maintain velocity. We are a self sampled system, the solution must be quantum mechanical (a spectral packing problem).

This is what sandbox does when it optimizes congestion, tending to change scale in the pits such that velocity equations stay accurate, like a prime number system. The period between trends is the requant where the commutative property is executed by the pit bosses. I am suggesting to economists that this pit boss process be called the Baumol effect, but it is up to them.

LA City Council is floundering

LOS ANGELES — The City Council on Friday approved millions of dollars to be spent on an enhanced homeless-outreach and street-cleanup operation recently touted by the mayor as an overhaul of efforts to combat illegal dumping and providing hygiene services for the homeless.
Mayor Eric Garcetti said last week the revamping of trash-cleanup efforts and outreach to homeless communities using “cleaning and rapid engagement,” or CARE, teams would shift the city from simply reacting to complaints about dumping to pro-actively responding to high-need areas.

John Roberts is a narcissistic ass

How John Roberts Might Allow Trump To Resurrect The Census Question

The answer was, the question was on census before, it can be on it again. Victims of government accountability can sue ex poste and show damages.  Roberts is a jerk surrounded by dummies. Try going back to comment sense interpretation of the fundamentals.

Roberts need to be completely ignored, Thomas should not listen to the jerk.  Sotomayor shrieking does not help. How did such a simple job get so fucked up with this court.

LA Transit: Melting ice and calling it green

Metro's preference for rail doesn't just harm bus riders. 

Taxpayers are also being thrown under the late, overcrowded bus. It costs the transit agency $4.54 in subsidiesfor each unlinked trip taken on a bus, compared to the $25.74 Metro spends subsidizing each unlinked rail trip.Far from learning from its past mistakes of prioritizing rail over bus service, Metro and Los Angeles politicians appear to be doubling down on this failed approach. Metro's '28 by 28′ plan to finish 28 transit projects by the start of the 2028 Olympics includes 13 rail transit expansions, compared to 5 bus-related projects.
Metro's prioritization of new rail lines over old buses is even catching criticism from transit advocates."When Metro marshals its might to build shiny new capital projects, it sucks the remaining air out of the room. In turn, buses get older, less reliable, less frequent," wrote Joe Linton of Streetsblog in reference to the 28 by 28 plan.Unlike bus service, which is efficient but boring, rail offers politicians unbeatable ribbon-cutting opportunities, says Feigenbaum.

Note the first line? That means transit rail is bout 1/5 as CO2 efficient, it is a polluter, an ice melter. But in Cal;ifornia, that is OK, like burning forests becomes OK.  That is not green, that is the same crap 5,000 economists want to do with your carbon taxes, dark brown.

AOC and Dianeboth pull this stuff, clueless dingbats. Further, the 5,ooo economists who signed onto carbon tax knew, ten years ago, that bus was much more CO2 efficient, these same economists knew that California raised carbon taxes three times, and what was it spent on? More, not less, CO2 pollution, and these same 5,000 economists knew this for ten years or they are incompetent.

These economists have no plan to prevent co2 pollution, starting with Stiglitz, they plan to have more of it and call it a social compact! 100% 'This time is different' fraud.

Inside jobs

Florida City Pays $462,000 In Ransom After Second Cyberattack Cripples City's Infrastructure

One employer anonymously injects the virus, shares in the booty.

AppleID stops this problem, let us deploy biometric iPod with AppleID.

Reversion to mean in ten year ield

Bloomberg:

The relentless slide in Treasury 10-year yields may be about to end and it could be time to go short, according to technical analysts at RBC Capital Markets and JPMorgan Chase & Co.U.S. yields will probably rise in the short term, though they are probably still in a longer-term downtrend, RBC Capital’s Technical Strategist George Davis wrote in a note Thursday.“The one common theme that stands out for 10-year yields is valuations -- with overbought readings and study divergences presenting the scope for short-term corrections to materialize,” Davis wrote. “We view such corrections as a buying opportunity in bonds based on established downtrends for yields.”

I have the longer term mean of the ten year at 2.3, a 30 point basis jump.

Trivial, except the interest charges are fifth of sixth on the budget list, and a 30  baiss points is about 70 billion.  The unexpected change computes to a series of budget meetings in smaller programs, and that triggers calls back to the senator from folks back home.  That is a crawl back in sandbox terms, and a nightmare for small state senators. That is a nearly hard bound.

Common problem in the Swamp

Spain Battles Self-Combusting Manure As "Heat-Wave From Hell" Torments Europe

A vey expensive deployment

Still On War Footing: Dozen US F-22 Stealth Jets Arrive In Qatar To Counter Iran

Very expensive to maintain, horrid supply chain huge logistics support; nightmare and will eat up the discretionary war fund.

Low cost fuel delivery to low earth orbit

The aerospace company founded by Paul Allen, Stratolaunch, is closing operations according to a report by Reuters that cited anonymous sources. The company will cease its efforts to challenge traditional aerospace companies in a new “space race,” four people familiar with the matter told the wire service.

I still think this will live. The idea is low orbit delivery of small packages.  Orbital, light weight bots orbit by and latch on.The strato launcher can slightly adjust fly by times, lowering the cost of inter orbital latch fuel.  Aggregating orbital fuel depots for longer flights makes a lot of sense. Simple packages to get into low earth.

We launch one larger single robot, multi armed, say two or three.  All it does it grab modular fuel tanks, carry them to meeting pointsand connect them to longer range expeditions. This seems a simple task  with near field, close uip connecting and reconnecting using standard connections.

Giving the NSA benefit of doubt

My tech plan:

The SA deal gets utility gain of the killer apps, huge savings and intelligent management of ads making for a smooth trade press. The gain too outstanding to stand in the way of NSA hunters, give them some ground this version. Do the deal, let the NSA inside the box, on their terms in enforceable contracts.

Damages for being under counted?

The census dilemma solved, and Roberts looks a lot like a jerk in need of attention.

Anyway, the basic legal. Granted there may be bias in many questions on the census, and damages can be adjudicated ex post. The constituion does not grant the supremes allowance for some self absorbed asshole of an idiot. All Roberts wants is to nit pick and get attention, he is getting senile, a judicial nightmare and it is effecting Thomas; mass Sotomayorism. Kagan is beginning to look normal, in the relative.

A pay off to California lawyers

'We Owe These Vulnerable Populations More': California Lawmakers Call on Gov. Newsom to Divest State From Child Detention Profiteers

The lawsuits will fly.

This is a similar tactic to destroying PGE, saddled with so many price controls unrelated to pricing energy; plus regulatory controls on forest and tree clearing. The state suddenly becomes responsible for housing millions of kids from around the world, no privateer wanting to face the legal costs.

We heat on winter nights, air condition on summer days

Central Valley groups oppose elimination of natural gas in California homes and businesses

In the margin are energy storage costs, then we have the alternative that natural gas is often burned in excess. Close the boundaries, and get the quantum solution. My thinking is just get solar into the grid in summer, now. The greatest payoff, and forget, for the moment, the alternative for winter heating.

If we had better bio energy conversion, we can sequester that natural gas, for a while, in biofuel. So we have these two unknowns, biofuel and energy storage. This is like the analytic extension of a rational outcome to imaginary axis, we have this long term, incomplete sequence. But we cannot ignore the long term, crawl back is hugely expensive.  

So the analytic extension becomes pilot programs that define better vectors off to the long term. Better to subsidize industrial research in small quantities now, get better definitions of the future.

Busing our kids into a chemical war zone?

What was the LAUSD strike about? More nurses, more free lunches, small class rooms, higher pay. Half of that was triage, dealing with kids on opioids or disappeared  in methville. Nurses want more outreach, housing for those on the waiting list.

And Kamala wants us to bus kids onto this? The gal is not winning the national vote. When words gets out, her market share will be in the noise.

Take the tether bitcoin hedge

It has been now and observable the hedge whales do when buying bitcoin.  But a bit of the illiquid tether first, then buy bitcoin and the the get the network appreciation we always see flowing bitcoin. The whale then sell the tether.

Why CEOs make billions.

Tim Cook has been the public barometer on personal cryptography, at the razors edge for years. He has the scar tissue, and has the respect. Look at me hounding the guy on for years, but the NSA has a point, and they have the power. Tim is the guy who can make the deal, worth billions. He is the only one left standing, and I say we send him in.

New Fed and sandbox

The first choice was to avoid conflict, but the NSA intervened.

Fractionalizing bitcoin, part 2

Part 1 was segmenting a risk equalized node in the miner pool.

An old story

Government Officials So Sorry That Their Own Rules Make Them Leave Kids in Filth

This is a repeatable sequence, it came up in the Obama administration, and it is a legal gray area, of which I dunno.

The story is:  Conflicting, but humanitarian rules from Congress, regarding immigrant kids. I forget the issue, but the result rhymed.  Obama and his administration guy punted, let the judiciary handle it.  The conflict too great for political costs. This should have been an administrative judge, wthin the executive, but it had no solution.

Waddya do? This is where the law gets too complex for me. The legislature has created a sort of civil war in the executive, and the executive punted to the judiciary.  Is this new law? The executive is asking the supremes to adjudicate administrative rules based on fundamental rights. How do the supremes juggle all that?

Legality

If a trader gets stuck with a scofflaw counter party and misses a cancellation on timeout, the trader still has the sheriff.  Remember, these are assumed legal, provable, thumb printed contracts.

A scofflaw either managed a  counterfeit, or found a marginal timeout hedge; both get a human sheriff. Property law stands, the sandbox support legal search warrants. Counterfeit security is big, it is difficult to reverse engineer my iPod and AppleID.

Digital bearer contract in cold storage

Hierarchical iPod security leads to cold, secure storage.

Provability of trader's code

Contract rules must obey finiteness and roundness.

The sandbox badge

It holds your prequals securely, and these prequals are contracts.

Corridor banking with bitcoin

OK, here we use sandbox tools.

No, Kamala, we are not busing kids around again

MIAMI — Front-runner Joe Biden faltered in the Democratic presidential primary debate here Thursday evening, suffering some damage at the hands of rivals while also stumbling of his own accord.

The former vice president hit particularly rocky ground when he was confronted by Sen. Kamala Harris (D-Calif.) on his recent warm words for two Southern segregationists of a previous era, the late Sens. James Eastland (D-Miss) and Herman Talmadge (D-Ga.).
Harris also highlighted Biden’s past opposition to school busing.
That exchange was the emotional high point to the two-hour debate, as Harris noted that she herself had been a beneficiary of busing as a child. She called Biden’s comments on the segregationist senators “hurtful.”

I do not care if Kamala likes to ride around in buses. Busing kids away from their neighborhoods is a rejected idea, long gone, and never to come back.  This is both a Dem and Repub reality, it is not coming back. Harris is a beneficiary of banging willie.

And this:

The Latest: Biden says Harris misrepresented busing stance

No, Joe, the winning stance is no more busing. We do not plan to bus our kids across town, nothing is dumber, the idea is rejected. Say that and win the election. Tried and rejected, parents want to be close to the kids and the school, nothing changes that.

Dump Kamala from the ticket ASAP before she destroys the Dem party.

Tim Cook will be hiring sandbox engineers

Apple has a generational succession problem, and Jony Ive's departure is the tip of the iceberg

Apple has a vital role in building our liquidity nets.

Kamala plays the card on Joe

'THAT LITTLE GIRL WAS ME'
Joe needs to play the California card right back. Communities all over America reading about cartel shipments through California. I guess we can rule out that scene where Joe sneaks up on Kamala from behind. That one will be a tough nut to crack, even for Joe. Well, there is the willie card.

Secure ball

Any trader, for a nice fee, can send a secure code back through the foundry and beep the local microprocessor. The secure foundry allows secure microprocessors to stay active on the secure validation computer at the foundry. Amazing, a simple secure id placed at a hierarchy, with a humongous liability on the foundry.

It is a simple one direction secure, no response code with a timeout. Secure ball has a numerical limit along its path. We are not wanting to create betable channels with security traffic.  In turn, a contract may send a secure badge code to a trusted ledger, have is validated for the pits or an over the counter.

Entry and exit procedures, client agrees to a badge contract, aggregating some of her transactions results for credit score. Then the badge becomes a sort of secure ball. Entry and exit are simple validations, on both sides.

And, secure ID means hot wallets ok

The web wallets can guarantee to follow clients contract.

Online wallet is counterfeit proof secure and remote. It has secure links through the microprocessor, back to foundry. Contracts thumb printed.

But, finite rules, I will have to thumb print to restart contracts at odd moments, no contract runs anywhere near infinity, all of these are small numbers, finite graph, finite loops.

Consistency ledger with membership

One transaction over the net gets you in or out. The other transactions are unconstrained liquidity, subject to any membership restrictions. For example, trading micro-bit coins. All ledgers agree on client membership rules. Clients deposit bitcoin (lock up the bitcoin ledger entry), and are then free to trade the micro bitcoins anywhere that the ledgers honor.

Sounds like libra, by gosh, but let us change one thing. The ledgers are contract bots running under secure ID.  So, if your are grocery store, join one of the trusted ledgers, and your checkout ID will down load the app for micro bitcoins. Also running a small scofflaw queue  gets even more liquidity.

Consistency ledger

Same algorithm I was using for shared memory space across distributed memory managers.

Any node issues a transaction, and it expands  th consistency net until a transaction wins. The nodes are secure code, in this example. There is a cancel within timeout.  All ledgers nodes keep the same transaction model, but differ in ledger type.   Inside a liquidity net, this makes for great multi level trades, a three or four sided swap among pits and ledgers. Make it the etthernet of escrow routers. Inside the net, trusted managers have a great tool to subdivide the flow into   pits, ledger and vaults (hot wallet).
Simple algorithm, and it allows for conditional trades, meaning the request is a contract, a finite graph not a scalar. I worked this problem a couple of times back in the day, it works. Create a little script to describe contracts as finite spanning tree with valid exits. Then you have a provable map from the written, human judge to the generic contract.

The default.

In the hand held, your portfolio adjustments are all routers,  or router requests to trusted miners. When available, some set of contracts will execute, take a step up to the finite limit. So we an conceive of a variety of transactions over distributed nodes, if we ascertain small finite step spanning tree.  Simple contracts,, timeout, inside Secure ID, great stuff, seriously.

Taxing bearer pennies

This is just a regular point to point cash, with one or both of the parties taking a 10 basis point penalty.

Straight to Treasury, in the case of the New Fed. Taxing digicash is another app I can download onto my AppleID Pod.  I thumbed the contract to legality, I pay it, until I unthumb it. Regular digicash is always enforced, no double spending. Just another everyday, finite graph contract in my AppleID.

Tell them, Tim. Tell them we can limit digicash, in hardware, secure code, under AppleID. Keep the limit at $50, that is just fine. Strike a deal with the NSA, tell them we will skip messaging, except related to transactions; and short, predefined.

Provable, the software geeks will back yo on this, provable to a counterfeit risk. Tell them it solves a huge congestion problem on the internet, and makes us all very much smarter.

Grassley, you are an idiot

Grassley tells Trump to avoid personal attacks: 'If somebody is stupid bite your lip'

I will bite my lip later.

Tulsi! My new hero

“For too long our leaders have failed us, taking us into one regime-change war after the next, leading us into a new cold war and arms race, costing us trillions of our hard-earned taxpayer dollars and countless lives. This insanity must end.” 
 Donald Trump, circa 2016? 

 Nope. That denunciation of John Bolton interventionism came from Rep. Tulsi Gabbard of Hawaii during Wednesday night’s Democratic debate. At 38, she was the youngest candidate on stage. Read more at 

Pat Buchanan speaking.  Good enough for me, Tulsi sounds like the real deal here, actually smart and thick skinned, sticks to principles. Now to check if she is a sexual deviant, I tire of those.

Buy Apple now!

Apple's stock took an $8 billion hit after the news that design chief Jony Ive will be exiting the company

This is a huge market error, Jony has done his job at Apple.  

There are two things Apple is facing, and increasingly intelligent sandbox, and iPods with AppleID.  Other than possibly a mouse with AppleID, there is not much else to design.  Remember the outcome of human nature? The most human thing we can do is hold a rock in our dominant hand. iPod is that rock, it connects to sandbox and  will be holding the most intelligent device ever.  We will be holding a device that connects us intimately with a singulartiy.

With AppleID in our hands, and its ability to obey honest contracts, the sandbox will always remove the hedges and shorten deliveries, automatically. Adding penny clicker puts weights on the information we need, and this allows another level of intelligence way beyond anything Google does with stupid neural nets.  

Huge market mistake, Apple is moving in a very smart fashion into the heart of the singularity. Jony's job is done, and well done. let the mathematicians rule at Apple.

The future of Calizuela

MEXICO CITY (Reuters) - Mexico’s new militarized National Guard police force will expand to the capital Mexico City in an effort to tackle a deteriorating security situation, President Andres Manuel Lopez Obrador said on Thursday.
“We need a stronger presence of security forces and more protection for residents of the capital,” Lopez Obrador said in his daily news conference.
He pointed to a crime surge in Mexico City, where homicides, kidnapping and extortion have increased as drug cartels fight for control of areas of the city, one of the world’s largest.
The sprawling urban area that has a population over 21 million was for years a bastion of relative calm while much of the country slid into violent drug wars.

It is still less deadly than some U.S. cities, including St. Louis, Baltimore and Detroit, according to U.S. and Mexican national crime statistics. But in recent years the drug violence in other parts of Mexico has crept into the capital.

We will need the national guard in LA, soon as the same cartels in Mexico have been invited to LA by Gavin and Nancy. 

Solution? Dump Kamala as a message. If California wants to have the presidency ever again, they must immediately dump Kamala. Banging willie is not an excuse for her to support drug cartels killing kids in America.  Make this challenge direct to Calizuela politicians, and continue to bar any Calizuelan politician from access to the White House.

Get Timmy to the meeting on time

Trump officials weigh encryption crackdown

Senior Trump administration officials met on Wednesday to discuss whether to seek legislation prohibiting tech companies from using forms of encryption that law enforcement can’t break — a provocative step that would reopen a long-running feud between federal authorities and Silicon Valley.
The encryption challenge, which the government calls “going dark,” was the focus of a National Security Council meeting Wednesday morning that included the No. 2 officials from several key agencies, according to three people familiar with the matter.

Tim Cook, this is why you are CEO. Here are your instructions:

All we need is that AppleID can handle contracts worth $50 or less, for now.  Promise that aappleID can keep that contract.  This gets AppleID on the board and we need AppleID desperately to prevent further ad congestion on the net.

Your argument is simple, NSA can see an verify that this restriction is in AppleID, show them that counterfeit proofing guarantees the limit is held.  Get that much done, and we can worry the rest later. Here is your theme song:

Pelosi in a crunch

House Speaker Nancy Pelosi (D-Calif.) finally caved and gave the green light to legislation that would provide aid to the border in response to President Donald Trump’s proposed mass deportations.

Last week, Trump announced that he would begin the process of deporting migrants who were not approved for asylum and stayed in the country illegally. The idea of mass deportations by Immigration and Customs Enforcement (ICE) didn’t sit well for many Democrats.By Saturday, Trump announced that he would delay deportations for two weeks to allow Democrats a chance to propose legislation to reform the asylum practices in the United States and increase funding to the border.

Talks with Trump won't work, Pelosi will just piss him off. 

Florida making bucks

Illinois’ six state-run pension systems this year will pay retired government workers nearly $14 billion in combined benefits, but a good chunk of that money will leave Illinois. 
 More than 71,000 retired public employees have moved out of state and taken their benefits with them. That amounts to $2.4 billion in benefits received from Illinois but spent outside of Illinois.

Those 71,000 moves represent nearly 20% of all retirees collecting pension benefits from the six state-run retirement systems, according to an analysis by the Daily Herald.

And Illinois citizen's vote for it to happen.   And, I might add, this totally fouls the overlapping generations model.  Exit is the common term in Illinois, get out ASAP, especially Chicago.

How about other states?

New Jersey, it seems, is the last place where people want to spend their golden years. Almost 67% of all New Jersey moves were outbound last year, according to a survey from United Van Lines. The relocation company polled 26,998 of its customers who moved last year, through Nov. 30. A third of people who left New Jersey also cited retirement as a primary reason for their decision to pack up and go. In all, United logged 4,430 total shipments in the Garden State. Of these, 2,959 were sent out of state. Maine and Connecticut round out the top three states people are moving away from due to retirement, the moving service found.

Ben made the 'This time is different' promise

Two weeks ago, when looking at the record plunge in the European five-year forward five-year inflation swaps, a measure of expectations for price increases in coming years, which had dropped to 1.1385%, far below the ECB’s target of 2%...

When Ben blamed the central banks for the GD, he promised that we learned our lesson, we won't do it again. 

What does that imply folks? It means Ben intends that the double entry accounting system will not be adjusted.  Mathematically that is a promise for an indefinite debt deflation.

Ben also said we need a helicopter.  What was going on with Ben? Why the contradictory views?

He had no theory at the time, he had no clue about the cyclic cost of the Right to Coin.  Couldn't step out of the box, failure to complete the idea.  Well, the mathematicians completed the idea for him, and we have concluded that MMT comes once a generation.

Reading between the lines

First poll has Tulsi Gabbard as the shock winner of the first Democratic debate and Beto O'Rourke as the clear loser

First, she seems smarter than the rest of the crowd.

But more importantly she brought up a good point I have been making: We are not going to allow that dumbshit Kushner kid to drag us into another trillion dollar military alliance with the deranged Saudis.

It is simply not happening, the moment Trump calls for another defense hike, Calizuela will fight him tooth and nail, we have no intention of paying for any of the Kushner crap. It is the winning issue against Trump, the guy has raised our military costs enormously simply so Kushner got his hotel funded. Intensely stupid, and it is not going to stand the test of time.

My canary in the Calizuela coal mine

City Hall budget shrinks by 7 %

Santa Monica’s 2019-2021 budget is 7% or about $108 million smaller than its last biennial budget, marking the beginning of a decade where the city will have to pay down a $448 million pension liability while adjusting to tepid revenue growth.
Although the city is tightening its belt, the almost $1.6 billion biennial budget City Council adopted Tuesday boosts funding for homeless services, rental assistance for low-income seniors and a new website officials call a “digital City Hall.” It also maintains funding for a $77 million annex at City Hall, a $115 million reboot of City Yards and new water infrastructure to wean Santa Monica off imported water by 2023, protecting the city from future droughts and higher water rates.
A $9.3 million payment to CalPERS, the state pension fund, kicks off the city’s 13-year plan to pay off the pension liability ahead of time. CalPERS fell into crisis following the 2008 recession and jurisdictions across California now have to make up a massive shortfall between the pensions the state promised to workers and the balance of the fund.
Santa Monica’s accelerated repayment plan will save more than $100 million in interest, said finance director Gigi Decavelles-Hughes. Even so, the pension liability and eroding revenues from sales tax as consumers shop online instead of in Santa Monica’s brick-and-mortar stores could put the city $50 million in the red over the next 10 years if it doesn’t cut costs. A looming recession would only make matters worse.

We are still paying off the pension losses from the crash.  Santa Monica is rich persons country, always generous with the pensions.  Yet, even in this wealth enclave, a 7% reduction of government is recessionary. I take it that local hiring had all but stopped, hence the teacher strikes.  My random reading of Pension Tsunami reveals that conclusion as they report budgets around California.

A clue

Here is why Roberts rejected the citizenship question:

Although each US government agency is constituted within one branch of the government (judicial, legislative, or executive), an agency's authority often extends into the functions of other branches. Without careful regulation, that can lead to unchecked authority in a particular area of government, violating the separation of powers, a concern that Roosevelt himself acknowledged. To provide constitutional safeguards, the APA creates a framework for regulating agencies and their roles. According to the Attorney General's Manual on the Administrative Procedure Act, drafted after the 1946 enactment of the APA, the basic purposes of the APA are the following:^[9]

1. to require agencies to keep the public informed of their organization, procedures and rules;
2. to provide for public participation in the rulemaking process, for instance through public commenting;
3. to establish uniform standards for the conduct of formal rulemaking and adjudication;
4. to define the scope of judicial review.

The APA's provisions apply to many federal governmental institutions. The APA in 5 U.S.C. 551(1) defines an "agency" as "each authority of the Government of the United States, whether or not it is within or subject to review by another agency," with the exception of several enumerated authorities, including Congress, federal courts, and governments of territories or possessions of the United States.^[10] Courts have also held that the U.S. President is not an agency under the APA. Franklin v. Mass., 505 U.S. 788 (1992).

The Final Report organized federal administrative action into two parts: adjudication and rulemaking.^[8] Agency adjudication was broken down further into two distinct phases of formal and informal adjudication. Formal adjudication involve a trial-like hearing with witness testimony, a written record, and a final decision. Under informal adjudication, agency decisions are made without these formal procedures, instead using "inspections, conferences and negotiations." Because formal adjudication produces a record of proceedings and a final decision, it may be subject to judicial review. As for rulemaking resulting in agency rules and regulations, the Final Reportnoted that many agencies provided due process through hearings and investigations, but there was still a need for well-defined uniform standards for agency adjudication and rulemaking procedures.

This rule is kind of a formalization of due process, and no doubt has caused litigations in the past.

 I missed this part. But the conditions are easily met. Trump need only open some public hearing and list the reason why he wants to count citizens. Hence, Trump will delay the census and execute the formal meetings, then add the citizenship question. The opposition says the citizenship question causes changes in federal funding as latinos might not answer. But asking about citizenship is non racial. Further, it is Congress who sets the rules on fund disbursement, not the census department.

So, pay attention Kevin Drum, and we note that Roberts ruled on this act, not the citizenship question itself. So, cut out the talking point knee jerking, it makes you look stupid.

On what side?

Jacob Wohl Says He’ll Enlist If Trump Attacks Iran

Most patriotic Americans are still a bit pissed off that the Saudis bombed us. American patriotism knows no bounds, me and the Bearing Arms nuts intend to attack the Saudis in revenge, and we will shoot any doofus American service person that gets in our way.

After all, isn't that what Bearing Arms is all about, protecting the homeland?  On what basis would we conclude the Kushner kid has picked the right side?  As far as I can tell, he is the enemy, he is plotting with the Saudis to bomb Fresno, Ca. Unless someone can prove otherwise, the Kushner kid is destroying America.

Hilarious web site

Mostly spoofing the military

Green activists generally melt more ice, not less

Green activists say climate got buried in Democratic debateValerie Volcovici 

 (Reuters) - Climate activists said they will extend a protest outside the Democratic National Committee headquarters on Thursday to demand global warming gets more attention in the party’s debates, after the issue received just seven minutes in the first two-hour face-off between Democratic White House hopefuls on Wednesday.

If green were discussed politically, then we have to deal with the Politically Selected Exemptions, the fragile, and all the COLAs and contract adjustments which guarantee exceptions.   None of these politicians want to be known as fake greens, like the idiot environmentalists in Calizuela who melt ice like madmen. 

So, the last thing we need is a bunch of AOC ice melters claiming to be green, better leave the subject out of the debate, the environment is safer that way. AOC, like Diane Feinstein, is too clueless to be trusted with green policies.

Barney Frank gone transgender?

This is why we do not offer a BA in diversity at Redneck U.  We can never keep straight the number  and classification of genders.  At Redneck U, our current course would label Barney Frank a separate gender, the boobs are a dead giveaway, according to course curricula.

As president of Redneck U, I am a little concerned we may have gotten his gender ID backwards.  I will have a little talk with the department head, I am not sure boobs unmake the man.

A plot in the Supremes

Roberts:

There have been 23 decennial censuses from the first census in 1790 to the most recent in 2010. Every census between 1820 and 2000 (with the exception of 1840) asked at least some of the population about their citizenship or place of birth. Between 1820 and 1950, the question was asked of all households. Between 1960 and 2000, it was asked of about one-fourth to one-sixth of the population. That change was part of a larger effort to simplify the census by asking most people a few basic demographic questions (such as sex, age, race, and marital status) on a short-form questionnaire, while asking a sample of the population more detailed demographic questions on a long-form questionnaire.

Analysis:

Still, the court doesn’t go so far as to say that the question can’t or won’t be added. What’s missing is an adequate explanation of why the Secretary wants to add it 

There is a  something afoot in the Supremes. Some group inside wants to break ground on new law, and no one is sure why.  It may simple be boredom, or stupidity in the face of the social media. I dunno. Like Thomas bring up eugentics, what is his point? It was not in the costitution, it is not his job.

Then we have this part about the court wanting to read intent rather than the nominal wording. This seems like a power grab, and all this seems to be some sort of Robert's nonsense.  Whatever they are up to, it will be a mess. Constitutional law is not that hard, Roberts is about to screw something up,  as bad as Citizen's United, watch the nut.

Anyway, it is Swamp stuff and the cost of having to watch Swampers screw things up is high and rising.  No doubt the eventual outcome os secession, some state voters simply do not have the time and money to track Swamp crap. This is the nuance that simply passes overhead of the average voter, like Kevin Drum, no clue about side effects or otherwise completely ignoring alternatives. This time is different fraud in the Swamp, extremely dangerous stuff in a republic.

Shortage of smart people in New York

Chinese buyers are pulling out of New York real estate in droves

Who is going to do statistics?

Auto mass layoffs continue

12,000 jobs could be slashed at Ford’s manufacturing plants across Europe, as the carmaker rolls out a major cost-cutting plan.
The company announced the scale of job losses on Thursday as it confirmed it will close or sell six of its 24 facilities across Europe by the end of 2020.
It said in a statement the wave of redundancies will come “primarily through voluntary separation programmes.”
The jobs at risk include 3,000 across the UK, including 1,700 in Bridgend, according to the FT.
READ MORE: Japan warns UK car industry could suffer in no-deal Brexit
The news comes on the same day new figures show UK car production is down for a 12th consecutive month against the previous year, with output down 15.5% in May.
More than 20,000 fewer vehicles were manufactured in the UK last month than in May 2018, according to the Society of Motor Manufacturers and Traders (SMMT).

The car cycle peaked last year.

Housing projects and economies of scale

By design, New York City public housing, like most public housing in the U.S., lacked the broad variety that characterizes vital city neighborhoods: the blocks of small stores, the first-floor shops with apartments above, the churches, pool halls, and small restaurants. Public housing did not just exclude such uses—it bulldozed them, to make way for its monolithic towers-in-the park designs, which left its residents isolated, typically on “campuses” off the city’s street grid entirely, cut off from city life and the small-scale employment of which a young Kazin took advantage. New York once called Gotham’s version of this system “NYCHA-Land”—as if it were part of a different city.

The idea of replacing the old, decrepit public housing with a model that blends into the city scape is the desire.

The article fails to mention economies of scale.  The housing projects have badly parented kids and the city provides parenting services.  The city cannot provide parenting services unless the dysfunctional families are all organized in one spot, else the lack of scale will bankrupt the city. (This has happened in New York).  Cops, for example, are often called to sort out family and neighborhood problems.  Real parents do this on a voluntary basis, cops charge the city humongous fees. If cops do it, scale is needed, we will always get little prisons.

Our current crop of 'This time is different' economists ignore scale effects, Kevin Drum is famous for being ill taught about the scale effect.