A recession indicator "with no false positives or false negatives since 1953" indicates we're in a recession now.
It could be a fabulous example of "overfitting" but otherwise . . . you've been warned.
"America Must Free Itself from the Tyranny of the Penny".
The $17.8 million state-funded Maspeth Park has been a virtual ghost town since opening under the Kosciuszko Bridge last year.
It is in an isolated industrial and manufacturing zone at 54th Road and 43rd Street — over a mile from the nearest subway station —and lacks the proper signage and lighting for passers-by to find it, locals told The Post.
Dan McLaughlin gives an excellent, concise three-point answer. Though the discussion, particularly about his third point, is interesting. (I don't include the "Political strategist, national political analyst" who posted "The government has less power over individuals than at any time in history": what world is she living in?)
Charles Murray comments, "Correct on all counts."
John Podhoretz asks, and answers, an important question:
The political circumstances of the summer of 2024 have been unprecedented. But is an unprecedented election year in itself unprecedented?
Secretary of Labor under Clinton, Mr. Reich--when he's not recommending making Elon Musk's free speech illegal--posts a brief four-point attack on Kroger, the lead complaint of which is "Had gross profit margins above 20% over the last 5 years".
This prompts an avalanche of criticism on X with almost of the replies highlighting Kroger's low net margin. Which is then discussed by Mr. Basel Musharbash who is a "lawyer helping . . . fight monopoly power". Mr. Musharbash argues, among things, that "executive and managerial salaries" are part of profit. Which elicits an interesting reply from "A Gourd for All Seasons":
Let's say Kroger is paying double what it should in rent (lol), as well as 500M in executive comp (double lol—CEO's total comp was 15M) that should all be counted as profits (triple lol). That would increase their net profit margin by . . . less than a point.
For a fine explanation of "Why Top CEOs Earn Big Paychecks" see Alex Tabarrok.
Excellent discussion by Tyler Cowen.
If this is supposed to be a major revenue source for our government, why make the budget so dependent on capital gains, realized or otherwise? How has that dependence worked out for the state of California? What happens to the broader budget during recessions and asset price crashes?
Or just try the very simplest of “small c conservative” questions — how many countries have ever made a system like this work? None, and yes I do know about the much smaller, more limited, and also abandoned French wealth tax.
A sportswriter asked: Why was the Bambino so great when "was chubby, did not like to practice and was constantly seen at parties drinking and gambling".
Surprised to find that the North Shore ranks only second.
There are some other similar videos on YouTube. A lot of dogs of different breeds and different apparent ages react similarly: barking, jumping, signs of agitation. I'd like a dog psychiatrist to explain this. If the proposed explanation is that the dogs perceive the door stopper as a threat, a few seconds should be enough to convince that isn't.
The Replacements.
I readily concede rules are rules and should be followed. But I think anybody who's lived a little finds that almost all rules require an occasional exception. This would seem to a case in point especially as the proprietors found a clever way around the rule.
The catch is that it's apparently helpful if you start early.
Flying carpet for real? (See the comment that claims he has a wingsuit underneath the carpet.)
If the pay stays near "six figures", I expect this trend to continue.
Related: "Vo-Tech Education Is Taking Off, and It's Not Your Dad's Shop Class Anymore".
Given the huge amount of resources that have been devoted, and have failed, to mitigate Alzheimer's, I think it's past time for "Let a thousand flowers bloom".
Impressive. Maybe scenes like this are behind some UFO sittings?
UPDATE: New link posted. (Another link if first one doesn't work.)
I agree wholeheartedly with this commentary. Yes, it is the "ultimate cult classic". Yes, it is "a truly strange movie at the Hollywood studio level". Yes, "It’s an easy movie to get addicted to, because, at the time, there was nothing else remotely like it." And yes, "It’s been a pleasure seeing the cult following of 'Buckaroo Banzai' grow over the decades."
Source of such all-time lines as "No matter where you go, there you are." and the great "Laugh-a while you can, monkey boy!"
If you haven't seen it, I highly recommend it.
(And if you do so and after the initial surprise wears off you want to know more, I recommend the Buckaroo Banzai FAQ 5.0. And here's two minutes of "Quentin Tarantino on Buckaroo Banzai" 4.5 minutes of "John Lithgow Talks Buckaroo Banzai," and 7 minutes of "Peter Weller [the star of the movie] on Buckaroo Banzai".)
This is so very sad: "The highly intelligent child must learn to suffer fools gladly , , ,"
The guilty party here is the government and its ability to distribute money to private companies, not the market or capitalism.
Another excellent case the Institute for Justice is bringing.
In America, the government doesn’t get to pick winners and losers in the marketplace. Businesses compete, and the consumer ultimately decides which services or products they want. The idea that anyone can open a storefront and demonstrate their value to the community is part of the American Dream. But in South Fulton, Georgia, that dream has been upended by government officials who denied Awa Diagne a business license because she would be competing with more politically favored shops. That’s why Awa has teamed up with the Institute for Justice (IJ) and filed suit against the city for its zoning abuse.
Alex Tabarrok and Bob Lawson cleverly compare inequality coefficients within nations to inequality in the National Football League. It's instructive.
Given that "Lowering costs for consumers is the point of good economic policy," economist John Cochrane has some noteworthy suggestions.
UPDATE: Link included now.