Archive for 2014

I WAS EXPECTING AN EARTH-SHATTERING KABOOM: Boffins identify ancient Earth asteroid strike that dwarfed dinosaur killer: Massive space rock impact may have set the continents sliding. “The impacting body, which could have been an asteroid or a comet, was between 37 and 58 kilometers (23 to 36 miles) wide and hit the Earth at 20 kilometers per second (12 miles per second). The impact would have caused a crater around 500 kilometers (about 300 miles) across and the resulting tsunamis would have been thousands of meters high.”

I’LL BE ON FOX BUSINESS’S THE INDEPENDENTS TONIGHT AT 9, talking about how to fix higher education. Say, did I mention I’ve got a book out?

CLAYTON CRAMER REVIEWS Stephen Halbrook’s new book, Gun Control in the Third Reich: Disarming the Jews and “Enemies of the State.” I blurbed that book, and it’s excellent. Cramer observes: “Halbrook makes use of an astonishing set of sources. His secondary sources are impressive: scholarly histories of the period, such as The Berlin Police Force in the Weimar Republic; specialized works that you might not even expect to exist, such as Der Weg des Sports in die nationalsozialistische Diktatur (The Way of Sport in the National Socialist Dictatorship). Halbrook goes far beyond that, however, with an impressive collection of primary sources, including diaries by people who lived through the time, surviving police records, internal government memos, and court decisions. Part of what makes a book like this possible is part of what made it so easy to convict Nazis war criminals: the German penchant for documenting everything, and the difficulty in making those documents disappear when it became apparent that the war was lost.”

FASTER, PLEASE: Treating Cancer With DNA Nanobots. “You also want low power consumption, and logic gates for biological systems can be five orders of magnitude less energy-consuming than an electronic circuit. And also, if you make your device out of the same materials the body is used to, you can have the advantage of compatibility with the body’s immune system.”

WELL, THIS IS THE 21ST CENTURY, YOU KNOW: Doctors Can Now Grow Engineered Vaginas in Women. “After decades of work, a team of doctors say they’ve successfully engineered vaginas that have been implanted and grown in women. The vaginas were grown in a lab from the female patients’ own cells and later transferred to their bodies, where they formed into normal vaginas.”

MY LATEST LAW REVIEW ARTICLE, The Second Amendment As Ordinary Constitutional Law, is now available in draft for free download at SSRN. It’s the Foreword to the forthcoming Tennessee Law Review symposium on the Second Amendment in the 21st Century. Download it early and often!

WHAT GOES AROUND, COMES AROUND: Hillary Ducks A Shoe. But in Las Vegas, not Iraq. “For the record, I am opposed to disrupting, shouting down, or throwing things at speakers. This woman, likely just a nut, should be criminally prosecuted. But the Democrats seem unwilling to understand that, having been in power for the last five-plus years, they must expect that if someone throws shoes, it will be at them. They don’t want to acknowledge that they have been in power for a long time, and they must take responsibility for the baleful effects of their policies. Weird as it may seem, they appear to believe that they can run against themselves, indefinitely.”

MAJORITY OF PUBLIC PENSIONS HEADED FOR BANKRUPTCY:

Investment returns may be up since the recession, but public pensions are still in deep, deep trouble. On Wednesday, the hedge fund Bridgewater Associates released the results of a “stress test” on American public pension plans, and they weren’t pretty. According to the report, 85 percent of all plans are on track to go bankrupt within 30 years unless their average rate of return increases to 9 percent. Barring something truly miraculous, that’s unlikely to happen: Bridgewater expects the rate to be closer to 4 percent, and even the unrealistically optimistic estimates given by pension funds themselves rarely exceed 8 percent. . . .

This doesn’t mean, of course, that 85 percent of pension plans will actually go bankrupt. These numbers depend on public officials not taking the necessary actions. States and cities are slowly realizing that they have a major problem on their hands. Many will take preventative measures, either by cutting benefits or by increasing contributions to the plans (more likely a combination of the two).

But given the history of political “punting” by city officials and state lawmakers when it comes to pension reform, it’s probably a safe bet that more than a few cities and states will end up in the same position that Detroit, Chicago, and San Bernardino find themselves in.

Yep.

HIGHER EDUCATION BUBBLE UPDATE: How Higher Ed Contributes To Inequality. It’s actually pretty much a defense of the higher ed establishment, and an attack on Evil Republicans. But Maxine Waters and Tom Harkin are heroes!