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Current Affairs

February 24, 2015

"Forget Climategate: This 'Global Warming' Scandal is Much Bigger"

James Delingpole, doing his thing.

But if this data cannot be trusted, all bets are off. I’m not saying there has been no 2oth century global warming, I think there probably has been, but I don’t honestly know. The worrying part, though, is that neither – it would appear – do the scientists.

(Link via Michael Greenspan.)

"There are way more young single men than young single women in US cities"

The key to this surprising finding is "young".

February 23, 2015

"San Francisco Bay Bridge’s troubles: How a landmark became a debacle"

Yet one more reason why the other 49 shouldn't imitate Cali.

Many of the problems are linked to the bridge’s unusual complexity, according to a panel of engineers that looked at the project last summer for the state Legislative Analyst’s Office.

Their report concluded that California Department of Transportation (Caltrans) engineers had warned at the time that the bridge would be a technical nightmare. The design panel chose the configuration, the report said, because of “aesthetics” and “without a full appreciation” of its challenges.

All but one of the bridge experts on the selection panel opposed the final design, but they were outvoted by those with no bridge knowledge or experience.

Two more reasons:

"You Didn’t Even Know Just How Stupid The LA School District’s Plan For iPads Was".

"Northridge Quake 20 Years Later: 5 Lessons Not Learned".

"Aging water mains a $1-billion headache for DWP"

Another look at what happens when city governments run out of money.

About one-fifth of the city's water pipes were installed before 1931 and nearly all will reach the end of their useful lives in the next 15 years. They are responsible for close to half of all water main leaks, and replacing them is a looming, $1-billion problem for the city.

See also, from February 18, "Water main break floods Hollywood Hills neighborhood, submerges vehicles".

Two on where the stock market is going

More interesting than most such pieces:

"The Outlook For Buy-And-Hold Returns Over The Next Decade Is Terrible".

"Quant Guru Ray Dalio Talks Up Risk Of Ruin At Bill Ackman's Stock Picking Summit".

February 22, 2015

Even better than the "New" Nixon . . .

Remember that? Prepare yourselves--maybe--for "Hillary 5.0".

February 19, 2015

"Norway Has Figured Out How To Solve The Problem Of Music Piracy"

More evidence that draconian IP laws are beat by a better business model.

February 18, 2015

"Greece's Exit From the Euro Would Be a Socialist Disaster"

Louis Woodhill:

Assuming that the ECB were to handle the situation properly, Tsipras' implied threat to take Greece out of the euro is perfectly analogous to a bank robber holding a gun to his own head and threatening to shoot unless the tellers hand over the money. Yes, there would be a bit of a mess to clean up after the thief pulled the trigger, but the robber would get the worst of it, by far.

(But can the ECB "handle the situation propertly"? I'm hopeful but skeptical.)

"Unemployment insurance and unemployment"

John Cochrane blogs about the recent important paper by Marcus Hagedorn, Iourii Manovskii and Kurt Mitman, "The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle".

"The Case for Scott Walker"

I don't trust politicians at this stage, but given the huge amount of crap Governor Walker has taken from Liberals, he does look interesting for 2016.

See also "Scott Walker and the art of winning".

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