Nov 5, 2010
Econ 101
If you cut economics class to play the pinball machine and still don't quite understand what all those grouchy Austrian economists are talking about, the Random Patriot provides a near-perfect explanation.
Nov 4, 2010
Horse WHAT?
This English guy walks under a conker tree. A nut falls and conks his head.
Being English, he seeks the assistance of the Authorities. Being English Authorities, they leap into action.
The notice put on the tree in the Abbey Gardens in Bury St Edmunds, Suffolk, reads: "Beware. Falling Conkers. Please proceed with care."
One resident -- a 77-year-old woman who presumably remembers Britain as a nation rather than a theme park -- ridiculed the Elected Few. The council huffed back that it was simply responding to the legitimate complaint of a concerned conked citizen.
The final paragraph of another report says of the village:"Tourism is also a major part of the economy, plus local government."
No doubt.
---
Conker? That's English for the perilous horse chestnut.
.
Being English, he seeks the assistance of the Authorities. Being English Authorities, they leap into action.
The notice put on the tree in the Abbey Gardens in Bury St Edmunds, Suffolk, reads: "Beware. Falling Conkers. Please proceed with care."
One resident -- a 77-year-old woman who presumably remembers Britain as a nation rather than a theme park -- ridiculed the Elected Few. The council huffed back that it was simply responding to the legitimate complaint of a concerned conked citizen.
The final paragraph of another report says of the village:"Tourism is also a major part of the economy, plus local government."
No doubt.
---
Conker? That's English for the perilous horse chestnut.
.
Raise a glass to Roberta X this morning for, among other things, her reminder that we still live with Kelo. You'll recall that SCOTUS decision allowing governments to snatch your home or other property for a "public purpose."
The "public purpose" as defined by the the court includes the desire of a city council to confiscate your home and give it to someone else, like Pfizer.
(Meanwhile, in New London, the Fort Trumbull project has been a dismal failure. After spending close to 80 million in taxpayer money, there has been no new construction whatsoever and the neighborhood is now a barren field. In 2009, Pfizer, the lynchpin of the disastrous economic development plan, announced that it was leaving New London for good, just as its tax breaks are set to expire.)
The European Socialists love that sort thing. It is why their brie and haggis are so tear-stained since Tuesday night, and Ms. X nicely skewers their sky-is-falling caterwauls at our rejection of His Obamaness as their untouchable "President of the World."
The "public purpose" as defined by the the court includes the desire of a city council to confiscate your home and give it to someone else, like Pfizer.
(Meanwhile, in New London, the Fort Trumbull project has been a dismal failure. After spending close to 80 million in taxpayer money, there has been no new construction whatsoever and the neighborhood is now a barren field. In 2009, Pfizer, the lynchpin of the disastrous economic development plan, announced that it was leaving New London for good, just as its tax breaks are set to expire.)
The European Socialists love that sort thing. It is why their brie and haggis are so tear-stained since Tuesday night, and Ms. X nicely skewers their sky-is-falling caterwauls at our rejection of His Obamaness as their untouchable "President of the World."
Adventures in Investing
I try to protect myself against Washington, especially Ben's toy printing kit, with little forays into the stock market. Over the years, cautious day trading has financed a gun or two and kept me independent of the Food Stamp program. Some times the results are braggable, some times the opposite. Some times you kiss your sister.
Last week my razor-sharp financial acumen said Lee Enterprises was a buy at $1.89 for a two-day recovery to $2.10. I popped for a thousand and immediately, I mean right now, watched it sink to $1.70. Oh Hell. I just lost a Ruger 10-22 and a brick of .22s.
Monday the world decided something nice was happening to Lee (LEE, NYSE). It recovered. No fool, I got out at $1.91 for a whopping total net profit of $1.96.
What color cars do you girls want?
Last week my razor-sharp financial acumen said Lee Enterprises was a buy at $1.89 for a two-day recovery to $2.10. I popped for a thousand and immediately, I mean right now, watched it sink to $1.70. Oh Hell. I just lost a Ruger 10-22 and a brick of .22s.
Monday the world decided something nice was happening to Lee (LEE, NYSE). It recovered. No fool, I got out at $1.91 for a whopping total net profit of $1.96.
What color cars do you girls want?
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