Attached is a a bit of market based white lightning. It’s not for everyone.
On illegal immigration I am of mixed opinion. On the one hand I believe that someone who is willing to work hard and to contribute to society and the economy, who is looking to make a better life for him or herself and his or her family is someone we should welcome to our country. We should respect the pursuit of happiness.
On the other hand we should also respect the rule of law, and for good or ill, we have immigration laws in this country.
When it comes down to it Hollywood wants to make money. Sure it may rail against “capitalism” and “greed” and the town may be full of people who would swear that they are anything but capitalists. But it costs money to fill swimming pools and party in “The Hills.” And so the movie industry has largely abandoned the once Golden State.
Before Katrina nearly wiped the place clean from the map no one had much of a shot in New Orlean’s public schools. As in many big cities, especially in the south, minority students were locked into perpetually failing schools. Hopeless is probably not too strong a word.
In the wake of the storm the city tried something new. It embraced charter schools. Results are starting to come in nearly a decade into the experiment, and they are strikingly good. Test scores have improved dramatically and the country increasingly is looking to the city for ideas.
In the wake of the housing crash, wide swathes of the desert Southwest, Florida, Atlanta, parts of California, and other places were littered with relatively new homes which were empty. The pre-seeded lawn turf often hadn’t even taken root before the foreclosures began.
Each vacant home represented a personal economic disaster for someone. Families moved in with grandparents. Pets were left in shelters which were filled far beyond capacity. It was only a couple of years ago. For many the memory is still very fresh.
But at about the same time parts of Tuscon started to be reclaimed by tumbleweeds a few hedge funds (and banks) figured that there was yield to be made from renting the homes which were now unused back to the people who could no longer afford to own them. If the homes could be pooled along with the rents, perhaps the investments could even be sold as derivatives.
Market solution right?
I am all for the liberalization of marijuana laws, as I have written many times before. The prohibition of cannabis is simply wrong in my estimation for a number of reasons, not the least of which is that it is a crony capitalist construct. For years millions (really billions) have been made off of keeping weed illegal. From prison unions to Big Pharma lots of interests wanted to keep the inexpensive, relatively innocuous drug in the illegal category. I think legalization of pot is a good thing.
I’d encourage everyone to read the attached article because it is a lovely example of the infatuation some people have with their masters. Actually that’s not fair. The guy makes plenty of good points from the progressive perspective. All the ones one would expect. We wouldn’t have any roads without government. (We would.) We’d all die from salmonella poisoning without the government. (We wouldn’t) Society would devolve into a scene from Mad Max where kids with mohawks marauded through the mall with chainsaws. (It wouldn’t.) All the ones one would expect.
Public pensions are really a joke in many parts of the country. In Chicago, Detroit, California, New York and many other places the economy is saddled with completely unrealistic pension “obligations.” The benefits are just too rich for the people who must now pay for pension plans negotiated by union friendly politicians in years past.
Well, it seems that the good g-men at the SEC, the folks who pursue insider trading, might be moving on insider information themselves. I am shocked! Shocked!