Archive for 2014

READER BOOK RECOMMENDATION: Reader Aviva recommends Quf-Man, from Stephen Wachtel.

RICK MORAN: Media Not Very Curious about D’Souza Indictment. “The indictment of a major critic of the president has elicited little more than yawns from the media. This is a case where you don’t even have to connect the dots. Just read a little history.”

The press basically approves of thuggery, so long as it’s aimed at people they don’t like. They only start talking about civility, due process, the constitution, and free speech when they or their allies are in trouble. And the presumption of innocence only applies to Democratic pols and operatives. Elsewise, “indicted” is treated as tantamount to “convicted.”

OUT OF BLACKWATER AND INTO AFRICA: After being ‘blowtorched’ by U.S. politics, he says, this time he’s working for Beijing. “I would rather deal with the vagaries of investing in Africa than in figuring out what the hell else Washington is going to do to the entrepreneur next.”

Also: “There’s very little advantage to being an American citizen anymore. They tax you anywhere in the world you are, they regulate you, and they certainly don’t help you, at all.”

MEGAN MCARDLE: No Babies, No Stimulus.

If you do a big stimulus when the population is growing, you can expect, over time, to be able to spread debt payments over more people. The value of the debt may not change, but the per-capita debt burden will shrink.

But if you undertake a big stimulus when the population is stagnant, or even declining, then over time, the per-capita debt burden will rise … and if your society encourages long retirements, the debt burden per-worker will rise even faster.

That may change the cost-benefit calculation quite a bit when you’re considering a stimulus program. Not so much in the U.S., at least right now, because our population is growing. But this may suggest that however painful austerity has been for Europe, the austerians still did the right thing.

Our population isn’t growing the way it was.

Related: Why Uncle Sam Can’t Guarantee College Grads A Job.

HIGHER EDUCATION BUBBLE UPDATE: Yeshiva University’s Bonds Downgraded to “Junk.” “Moody’s sees an institution without much liquidity, that relies on credit to support operations and with ‘severe cash flow deficits leading to financial resource erosion.'”

Plus: “Yeshiva University’s 2012 tax return lists President Joel’s compensation as $1,242,424, and eleven other salaries in excess of $600,000.”

BEWARE THOSE DASTARDLY Rotary Club plots.