Wednesday, February 29, 2012
Online Poker Kings Get Cashed Out
Tuesday, February 28, 2012
Mark Martin: Sharia Judge from Pennsylvania
Via Ace. This is shaky cam but worth your time. You will not believe that an American judge can so completely misunderstands the 1st amendment.
Jonah Goldberg w/ Peter Robinson: Uncommon Knowledge
The state of the 2012 Republican primary.
Monday, February 27, 2012
Support Mark Byron's right to free speech
Please click Like on the Supporters of Mark Byron's right to free speech Facebook page.
Saturday, February 25, 2012
Oil connected to easy money
Like 2008, the oil market will keep rising until it breaks the back of the economy. Oil is rising because the Fed, along with the other major central banks are pursuing QE 3. Easy money is driving up prices and it will start to slow the economy this summer.
Friday, February 24, 2012
Lil' Wayne feat. Fleet Foxes - White Weezy Hymnal (Fleet Floxes X Outkast X Lil Wayne =Alphakilo)
Thursday, February 23, 2012
Heritage Action for America
The Heritage Foundations scorecard for members of congress. Handy way to see who to support.
Monday, February 20, 2012
Let’s Make Mead
Saturday, February 18, 2012
Liberals, Don't homeschool your kids
This is an interesting article if you find the debate about how to educate the young as fascinating as I do. So many different theories of learning, basic nature vs. nurture, and what incentives play a role in motivating teachers and children. As you might guess from the title the liberal objection to homeschooling elides from their need to create a common experience leading to a feeling of community. Even liberals know that humans are more likely to pay for common goods if they share values presumable shaped at the local public school.
I don't object to this other than I don't believe you can force a communitarianism beyond a certain point without the threat of force which would not, of course, need to be if shared sacrifice was natural or could be inculcated via education. What I really object to is the idea that there is no loss to a child when that child is forced into a class with lower performing students. (Lower performing by nature or choice.)
Low-income kids earn higher test scores when they attend school alongside middle-class kids, while the test scores of privileged children are impervious to the influence of less-privileged peers. So when college-educated parents pull their kids out of public schools, whether for private school or homeschooling, they make it harder for less-advantaged children to thrive. [Emphasis added.]
I don't buy this. Why? Because I lived it. While I attended Chicago public schools I can tell you that just one disruptive student can derail the teaching plan. A few troublesome kids can make the lives of the rest of the class miserable. Homeschoolers escape the chaos of an undisciplined school and for that reason they should be encouraged. They truth is that this article will fall on deaf ears. Liberals are very willing to vote liberal but they are much less willing to make their kids live up to their ideals.
Labels: Education bubble
Friday, February 17, 2012
We Are Augustines - Book of James
Thursday, February 16, 2012
Bryan Fuller's 'Hannibal' gets NBC series order
If you ever had any doubt that we are in a depression then this should end it.
A Hannibal Lecter TV series? Socionomics predicts that a trough in social mood will produce a general negative tone to our choice of entertainment. You can't get much more negative than cannibalism.
Monday, February 13, 2012
The Sugar Epidemic: Policy versus Politics
Saturday, February 11, 2012
Ultrafast Trades Trigger Black Swan Events Every Day, Say Econophysicists
Wow, you mean that letting computers make decisions produces the untended result of increased volatility. Well, color me the exact opposite of surprised.
The work also hints at a solution: to somehow reproduce the effect of human oversight at ultrafast scales. How that can be done with regulation alone isn't clear but there is no disputing the urgency with which this matter should be addressed.The markets are clearly changing. The need to outperform competitors is currently driving a multibillion dollar investment in machine trading at rates even faster than milliseconds. In one project, traders are financing the construction of a dedicated transatlantic cable that will shave just 5 milliseconds off the time it takes to trade stocks. Unless it is tackled in the near future, just what kind of behaviour this race-to-the-bottom will generate, is anyone's guess.There is a concept in chaos theory called the Butterfly effect. That a small change in a non-linear system can lead to huge changes. I look at high frequency trading (HFT) as additional volatility, more shaking of the markets if you will. A vibration that is having effects we still do not understand. As a trader I have personally experienced it as the impossibility of being a market maker or simple spread trader; the computer erases simple market inefficiencies faster than you will even notice them. At this point you might say so what. Does it matter if humans make this decisions or not? Of course there have been crashes without computerized HFT. The difference in that HFT programs would necessarily have vaery similar parameters to make money. If they are trying to do the same thing and if they account for a large share of the volume what prevents them from all driving the market up or down by an inordinate amount. Computers can be turned off but then who picks up the slack when it comes to making markets? The human traders are long gone. In fact, isn't this what took place on May 6th, 2010?IMHO, this volatility is doing damage to our markets. It has driven out human decision making from trade execution at least on the smallest scales. The vibration added to the markets is not adding to their function of price discovery. But the biggest problem comes when a large exogenous event increases volatility and the HFT programs have to deal with that. How will they? Will their operators turn them off? Then you have an illiquid market at the worst possible moment. It would be better to have tens of thousands of individuals making markets on stocks each with their own time frame and strategies then a couple of dozen algorithms all trying to be in and out of orders in milliseconds not showing a bid and offer that a customer can count on.
Labels: High Frequency Trading
Friday, February 10, 2012
Bon Iver- Holocene
Thursday, February 09, 2012
The Obama administration has just walked into a minefield
And they know it.
No, it isn't accurate. In fact, the opposition to this decision is growing and solidifying.
Abortion rights organizations, pro-choice Democrats, and the media have all characterized the debate over this contraception coverage rule as a struggle between the White House and the Catholic bishops. In its editorial supporting the decision, the New York Timespraised the Obama administration for "with[standing] pressure from Roman Catholic bishops and social conservatives." But that's not accurate.
No, it isn't accurate. In fact, the opposition to this decision is growing and solidifying.
How often do you get this group to agree on anything?
But the moonbats are just as adamant that it would be catastrophic to back down. They are doubling down on the Catholic bashing.
While one can appreciate that Rome would favor an anti-contraception "more children" policy—after all, you can only use a child for so long before he needs to be replaced—that hardly seems like sound health care policy for the United States.That might have something to do with the Church's decreasing "legitimacy" to dictate our laws and policies based on what the Church consideres "intrinsically evil." This is the same organization that now vows to protect women from birth control, just as they protected child rapists and molesters from the law. [Emphasis added.]
Did they just go there? Oh my they did... Way to alienate a group that went 54-45 % for Obama in 2008. That is why the Obama administration is furiously looking for a compromise that won't p.o. either the side.
Unfortunately, that position doesn't exist. Someone is not going to be happy with what Obama does. This is the definition of a wedge issue; dividing your opponents in a way that one side will be very unhappy. But it gets worse.
But the most tone-deaf move -- the one guaranteed to turn the behind-the-scenes debate into a public controversy -- was made by whoever decided the administration should announce the final rule in connection with the anniversary of the Roe v. Wade decision.
I hope this is the final nail in the coffin for the meme that the WH is populated with political geniuses.
The Atlantic article by Amy Sullivan suggests that there is a possible compromise- the Hawaii compromise. That cannot work if both sides remain opposed. Obama would need the left to tone down the rhetoric and would need some progressive Catholics to voice support. That doesn't appear to happening. We will see if Obama can walk out of this without too much damage but this was a fight of his choosing. The longer it remains unresolved the worse it hurts him.
P.S. Read the comments to the Atlantic article. Leftists and Catholics at each others throats. Like I said, the longer this festers the worse it is for Obama.
Saturday, February 04, 2012
Nevada caucus 2012
Report from my mother of 4 precincts in Boulder City. She said that not many young people showed up to vote. Also, Boulder City is probably one of the more conservative areas of Clark County.
Total voting: 51
Friday, February 03, 2012
AWOLNATION - Sail
Wednesday, February 01, 2012
Party Like it's 2112, Because it is!
I thought about this day (2.1.12) back in the 1980s...