Article dump, late March through April
I am finally back from my trip, and as things got really busy towards the end of my stay at RRI, I haven’t been able to talk more about articles I’ve read that made an impression on me. Some of them are really outdated by now (about a month old) so I can’t really talk about them individually, but I guess if you combine enough of them together, it could make for a blog post. So, here’s the dump of all the articles (all from WSJ, as that’s the newspaper I get on my Kindle) I wanted to comment on in the last month:
- The More, The Better: this is why I feel optimistic about America in the long run. This is a mighty country, based on a mighty continent. And we are still growing, unlike the old countries in Europe or some in Asia.
- “They recommend that doctors ask themselves honestly about their intent in conducting the search and whether the outcome might compromise the trust and relationship between the doctor and patient. Doctors, they say, should consider asking the patient for consent.”: I don’t know. If they have to ask, they probably shouldn’t. Or, at least on an individual basis, it would be a creepy question to ask: “May I google you from time to time?” Such question is better placed on a form with all those waivers, like one of those privacy opt-out things. On another note, doctors googling their patients is especially creepy—while the information they find is supposedly public, because doctors have privileged information about their patients, they may be able to piece together the whole, probably private, picture better than random strangers could.
- Basically an Optimist—Still: “Today nobody believes that, except maybe in North Korea. You go to China, India, Brazil, Argentina, Mexico, even Western Europe. Most of the economists under 50 have a free-market orientation. Now, there are differences of emphasis and opinion among them. But they’re oriented toward the markets.” A new hope? Liberal-socialism is becoming, year by year and decade by decade more intellectually bankrupt. While the tide is still against us, we may be able to reverse it—in our lifetime.
- Vallejo’s Painful Lessons in Municipal Bankruptcy: Well. Here’s a city I should remember never to move into, regardless of how attractive some rentals seem.
- Harvesting Lunar Soil For Energy Bonanza: “What’s so special about lunar soil? It contains helium-3, a non radioactive isotope that fuels clean nuclear fusion.” Sounds like science fiction. In particular, this science fiction.
- Business Bids to Shape Health Changes: “The U.S. Chamber of Commerce is planning a broad effort to blunt the health overhaul by trying to shape its regulatory language and spending heavily to unseat vulnerable Democrats who voted for it.” ‘Wish they started the fight earlier. Instead, Obamacare is marked with special deals for big businesses, such as Big Pharma, at the cost of everyone else.
- Militia Chief’s Mistrust Festered, Friends Say: “While he rarely attended church, he studied the Bible nightly, memorizing long passages, said Ms. Harsh, his ex-fiance.” A slight problem: For Christians, belonging in a community of believers is not merely recommended; it’s required. So by any measurable standard, this militia leader was not a Christian.
- The ObamaCare Writedowns—II: “In other words, CEOs who must abide by U.S. accounting laws under pain of SEC sanction, and who warned about such writedowns for months, are merely trying to ruin President Obama’s moment of glory. Sure.” Aye. On the other hand, investors would be wise to discount these writedowns as they do with most one-time charges in trying to predict future earnings.
- The Superstar Effect: Interesting. Would the same effect exist in a cooperative situation as well? i.e. Mr. Best will be carrying most of the load; why should we work hard?
- Corruption You Can Count On: (I also can’t find it online) “But to the discomfort of development economists and anti-corruption crusaders, some of the great economic success stories of the past half-century have taken place in the most corrupt economies on earth. In Transparency’s first corruption ranking in 1995, the two countries that ranked as the most corrupt were Indonesia and China. Yet these ratings came amid decades-long economic booms.” Not too surprising. As long as bribes are consistent, are they really different from rush processing fees you pay at various places in U.S.?
- Fire and Fumes Can’t Drive Indians From Hellish Village: “But many of the government’s more ambitious plans to help its most vulnerable citizens are failing because they are poorly conceived and executed. Even as the government has poured billions of dollars into an initiative to employ unskilled rural workers, the program has been plagued with charges of corruption and mismanagement.” Well. There’s always the saying; rising tides raise all boats. Perhaps those billions would be better spent cutting taxes and encouraging growth (and in some aspects, Bangalore seemed to have more vibrant free market than the Bay Area).
- More Americans Sever U.S. Ties as IRS Gets Tougher: “According to public records, just over 500 people world-wide renounced U.S. citizenship or permanent residency in the fourth quarter of 2009, the most recent period for which data are available. That is more people than have cut ties with the U.S. during all of 2007, and more than double the total expatriations in 2008.” Appalling but I guess encouraging: even if 2,000 people did give up U.S. citizenship annually, that’s much fewer than the number of people getting naturalized annually (although it must hurt that most people giving up U.S. citizenship must be far richer than average immigrants).
- Mr. Dimon Goes to Washington: ‘The incessant broad-based vilification of the banking industry isn’t fair and it is damaging,” Mr. Dimon said. “Punishing whole industries, whether you were reckless or not, just isn’t the way to do things.”‘ ‘Would’ve been more convincing for him to say that it wasn’t government’s business to mess with the market, either in bailing out or punishing. Instead, Mr. Dimon comes off as if he’s saying government help is welcome but its welcome has worn out when it wants to exact payments.
- In the Search for a Hot Job Title, Enter the Ninja: “In finance, ninja has a more dubious meaning—it’s an acronym for a kind of loan in which a bank hasn’t verified an applicant’s income, job, or assets. After the housing bubble, many of these sorts of loans ended up in default, with their borrowers disappearing like ninjas.” Oh, interesting. Perhaps CS ninjas will end up the same way.
- Not All Differences in Earnings Are Created Equal: “But do women really earn that much less than men? It depends on how you interpret the numbers.” Numbers always lie. When you work with statistics, you can always massage the numbers to make them give you the result you want.
- Taliban Capitalize on Afghan Logging Ban: “Deforestation, in turn, leads to soil erosion, flooding, and air pollution—which is why the Afghan government, with the support of international environmental groups, imposed the 2006 prohibition.” Yet another misguided leftist project—imposing our standards on another nation.
Well. This covers the articles I had clipped up ’til April 15th, when I got stuck at Frankfurt. I’ll look over what I missed and post another article dump, if necessary.

