Jump to content

JayB

Moderators
  • Posts

    8577
  • Joined

  • Days Won

    2

Everything posted by JayB

  1. JayB

    State Bankruptcy

    that's not whats actually happened, but hey, sounds good Really? What's the actual breakdown? How about OC in '94?
  2. JayB

    hmmm....

    Kids from uber-permissive homes tend to crash and burn starting in junior high, and kids from super-strict authoritarian homes tend to crash and burn immediately after high school.
  3. I'll be focusing on moving the other direction. 5'10 175 now, will try to hit a stronger and leaner 180 by June - but I'll be spending pretty much all of my time climbing on slabby/moderate stuff. If you're not carrying around a fair amount of excess body fat it's hard to see much of a performance benefit from dropping lots of pounds outside of pushing the grades and perhaps long-distance stuff. Not really into either at the moment but I guess I'm in the minority?
  4. Same. I'm also constantly amazed by how rapidly the vegetation makes roads up there impassible when there's no vehicle traffic on them.
  5. JayB

    No Doy

    It'll be interesting to see if the operative verb isn't "delayed" rather than "avoided" in ten years. http://americacanada.blogspot.com/2009/07/cmhc-and-our-government.html Housing looks like and even bigger house of cards up there to me. Mortgage-to-income, mortgage-to-rent, debt-to-income metrics in Canada are all looking very alarming at the moment. May be even worse than in the US at the peak of the bubble, and pretty much all sent to those levels by the actions of the CMHC. Not sure what about zero down mortgages with 40 year amortizations backed by the CMHC is "conservative," but we'll see what happens when the 5-year resets hit the folks that shoehorned themselves into homes that they can barely afford at the lowest rates they're likely to see over the lives of their mortgages. Might be a pain-free out of that if a positive black-swan of some kind materializes but the balance of probabilities isn't looking terribly favorable.
  6. JayB

    State Bankruptcy

    California, New Jersey, Illinois, Mass, etc are hardly the poster children for low taxes, kemosabe.
  7. JayB

    State Bankruptcy

    At least you've stopped the pretense of neutrality. If you'd followed Vallejo you'd note that the bondholders, as most shitbirds do, did better than people Bankruptcy means the states are fucked for borrowing. No new roads, new bridges, new schools. No repairs on the existing ones. "bankruptcy" and the attendant impact on the state would be HUGE - hell, the prospect of such being muted is huge to the bond markets. Bankruptcy does benefit the lawyers though, those "service" employees that Thomas Friedman fellates States where politicians depend on public employee unions for their elections will do what's best for them politically, irrespective of the impact on the state's borrowing costs in the future. In practice, that'll mean concentrating the losses on bondholders as much as possible. That'll be much more consistent their political instincts and their political philosophies than restructuring public employee pensions and benefits.
  8. JayB

    State Bankruptcy

    liar. The states are bankrupt for lack of revenue due to YOUR laissez faire/bubble crash and YOUR drown the state in a bathtub/anti-tax strategy. If all states were in an equally deep budget hole on account of declining tax revenues in the wake of a recession, then you'd have a better case. Ditto if the states with the highest tax burdens were all in the best fiscal shape. Again - not the case.
  9. JayB

    State Bankruptcy

    It's been covered pretty heavily in elsewhere. I personally think that state and municipal bondholders have more to fear from bankruptcy than public sector unions, since concentrating the pain on bondholders will be much less politically costly than imposing cuts/losses on public sector employees. Hose the bondholders and it'll have little or no immediate political cost for public officials, and the higher interest rates that states/municipalities pay going forward will spread the pain over the entire electorate for a long period of time. Imposing things like pension reform and structural pay cuts on existing employees will be political suicide in democratically controlled basket cases like California, New Jersey, Illinois, Massachusetts, etc, etc, etc. Think of the GM bailout. The same political dynamics that wiped out bondholders in favor of the unions will prevail in any state controlled by Democrats. Having said that - the multi-trillion dollar unfunded liabilities that will bankrupt states and municipalities have been obvious for years, and anyone buying state and muni debt should have insisted on interest rates high enough to compensate them for the default risks they were shouldering. Loaning money to Greece and California has certain risks, and people who did so will have to take their losses when the day of reckoning arrives.
  10. I found the contrast between the reflexive response to the Arizona shootings and the Ft. Hood shootings to be quite interesting.
  11. JayB

    Gun Rights

    It was the visceral response that I was noting. I've seen it rear its head before. It's erupted in the middle of more than one dinner party - emerging in a sudden burst of bile and venom, from somewhere deep within the alumnus. The conversational equivalent the little guy in the cafeteria scene in the first "Alien" movie. Truly frightening to behold. Aggies have nothing on 'Greeners.
  12. Portland is the status quo. No?
  13. You've developed quite a robust theoretical framework to analyze the meaning of all of this....
  14. I was definitely 10 levels lamer. Just the fact that I was wearing waterproof shoe covers and using clipless pedals settled that one. I was actually wondering if they were engaged in some kind of self-referentially ironic mobile performance art with a message several levels deeper than anything that I could even begin to understand.
  15. Very profound questions. I was pondering them all a few weeks ago when a swarm of bearded "Critical Mass" people enveloped me on my ride home from work. Unfortunately, the only one I can remember was "Why is a grown man with a long-beard, skinny jeans, and a woven rasta hat riding a with a banana seat and plastic mag wheels? At night - in the rain, with no lights, and no helmet? The next one was - why is that guy trying to light a cigarette in the rain with his zippo while no-handsing it on his fixie? Then all of the questions faded away, much like the pack of "Critical Mass" people when we all headed up a steep hill and they reveled in the austere purity of a hill climb on bikes with no gears....
  16. If only you knew how to visually assert your uniqueness through a tightly proscribed set of widely shared clothing, hair, and eye-glass frame options employed by millions and millions of other people to do the same thing. When "hipster" theme parties become the new 70's parties this jig is up. I hope.
  17. Is alive in Portland... [video:youtube]
  18. Thought so. You should be happy either way - no? De facto, de jure - both roads lead to Argentina/Greece. Same destination, different path.
  19. My read was that Immelt was either taking the job out of a sincere conviction that he'd be able to serve the public in his capacity as an adviser or...use the political connections that he would have access to as an adviser to lobby for special privileges and pork for GE, that'd translate into higher compensation for him. Good way to score some "Green Jobs" pork, etc. Obama gets whatever political benefits that will accrue from having a business magnate on his team and/or those that will result from buying a businessman's support with pork. Soft cartelization/slouching towards Argentina.
  20. JayB

    Gun Rights

    Uh Jim? Fuck you. Saw that one coming Jimbo. I actually think pretty highly of Evergreen, but if I didn't I'd be careful never to mention that unless I'd already mapped out an escape strategy to extricate myself from whatever enclosed space I happened to be in Seattle, Olympia, Bellingham, or Portland. "[Pointing]Look - over there! Someone's being judgmental and intolerant[rapid transition to fleeing...]! 10 to 1 says that you could defend female genital mutilation as a practice that the proper application of multi-culturalism (not to mentionthe West's sorry neocolonial legacy, etc) renders off limits to critiques by Westerners and elicit little more than a yawn, but make a single modestly unflattering aside about Evergreen and you'll ignite a pious rage that even a third glass of organic, biodynamically cultivated, fair-trade Pinot can't squelch....
  21. Would you feel better if establishing politically favored cartels to allocate resources was the nation's official policy?
  22. In a gross and obvious conflict of interest, Wakefield received nearly $700K from a law firm intending to file lawsuits linking vaccination with autism using the results of Wakefield's study, which could not be replicated. Damning enough evidence for the UK to revoke his license. Smear campaign? When he tried to sue his journalist detractors for libel, he lost. I rest my case. Resting your case to agree with me? You really don't read do you? Once more with feeling: I have not argued that Wakefield did not fraud the public. This is old news. (Nearly as old as his "report") What you appear to overlook is that he was NOT anti vaccine. HE was specifically anti the MMR vaccine and recommended getting the vaccines for Measles, Mumps and Rubella as separate vaccinations. ...in order to profit from his fraudulent attempt link the MMR vaccine to autism. Distinction without much difference as far as the impact on public health is concerned. At the end of the day no one cares whether the guy was only opposed to the vaccines that he thought he could undermine for his own profit with bogus research, or vaccines in general.
  23. When the plague comes, you'll find him safe and sound in his carbon neutral root cellar.
  24. Not unless it's embedded within a paper that contains empirical proof sufficient to overwhelm the current scientific consensus concerning vaccines and autism - but go ahead.
×
×
  • Create New...