Wednesday, May 31, 2017
Uber, But For Journalism
Uber’s potential aspirations toward monopoly are a sensitive matter — in discussing how Uber Pool became more efficient the more people used it, McClendon referred to Uber’s ideal state as a “monopoly,” before correcting himself to call it “not a monopoly, but a heavily used service” — and while every company dreams of owning its entire market, the question of whether Uber can do so has become murky. One Uber investor told me he no longer sees ride-hailing as winner-take-all but didn’t want to speak for the company; when I put the question to Rachel Holt, Uber’s head of North American operations, she ducked it by praising the value of competition and saying she didn’t have a crystal ball.
Recent events have made a monopoly harder to imagine, to say nothing of how regulators might react. While Uber said its business in the United States was briefly profitable early last year, the company had been forced back into the red by Lyft, which had secured a new round of venture funding and begun offering more subsidies of its own to attract drivers and riders. Uber’s woeful early 2017 had also helped Lyft, which saw ridership increase 137 percent compared to the year prior. And while so far Lyft remains content to focus on the U.S., Uber’s ambitions for a global reach have added further costs. It is now in 75 countries, and faces an array of regional and local operators in each market. Its most formidable rival may actually be Didi Chuxing, a Chinese company that has already clocked more rides than Uber and recently raised $5.5 billion to help it compete in new markets. Uber spent two years, and $2 billion, trying to break into the Chinese market but eventually called a truce last year and agreed to sell its Chinese business to Didi in exchange for a stake in the company.
tl;dr Uber's fortunes depend on it being a monopoly (multiple local monopolies), which it has no realistic path to achieving.
Which brings me back to my original point, made years ago, that whatever the problem with local cab regulation, there is a reason the market depends on rate regulation and supply restriction...
Cars Are Bad
Researchers at UCLA's Institute of the Environment and Sustainability found that air quality near 405, when it was closed, was 83 percent better than during a typical weekend. What's even more amazing is that Carmageddon, in just two days, made the air cleaner in surrounding regions. Parts of West Los Angeles and Santa Monica saw air quality improve by as much as 75 percent.
You Can Never Win
Something like Uber can be a nice business. As can its numerous competitors. It just can't take over the world.
The Great Thing About The Trump Era
Actually that's not so great.
Tuesday, May 30, 2017
A Final Suck On This Day (Yes It Was Yesterday) Anecdote
Hey, I was walking around Manhattan and I bumped into Tom Friedman. I was a bit drunk so I said "hey, Paul Krugman!" He said, "No, I'm the other guy." I said, "Oh, Tom Friedman! Isn't it true that you went on Charlie Rose and said we went to war to tell Iraqis to suck on this?" Friedman responded, "That doesn't sound like something I would say."
Lola
I have no explanation. Just one of those weird things that always stuck with me.
(not getting into the gay vs. trans distinction here, this was the early 80s and we were teens, we didn't get such things)
The World Is Tiny
I'm not blaming people. Travel is an expensive luxury (requiring both money and time, neither of which are in tremendous supply for most people). Fox News tales of things like "Muslim No Go Zones" where neither non-Muslims nor local law enforcement ever enter in Paris and London sound real, because basically anything you could say about Paris or London would sound real to people who have never been to Europe.
Still Sucking
Monday, May 29, 2017
Almost Forgot
I think it [the invasion of Iraq] was unquestionably worth doing, Charlie.
...
We needed to go over there, basically, um, and um, uh, take out a very big stick right in the heart of that world and burst that bubble, and there was only one way to do it.
...
What they needed to see was American boys and girls going house to house, from Basra to Baghdad, um and basically saying, "Which part of this sentence don't you understand?"
You don't think, you know, we care about our open society, you think this bubble fantasy, we're just gonna to let it grow?
Well Suck. On. This.
Okay.
That, Charlie, was what this war was about. We could've hit Saudi Arabia, it was part of that bubble. We coulda hit Pakistan. We hit Iraq because we could.
(Ht reader th)
Probably Not Close Enough
Tories are horrible, and May and her people are too stupid to not say the quiet bits out loud.
Rich Guys and DUI
Not that anyone should drink and drive, but I'm mildly sympathetic to relatively low alcohol first time offenders. We built a world in which you have to drive everywhere and where alcohol consumption is "normal" and then tell people not to do both simultaneously. I mean, they shouldn't! Don't do it! But many places even getting a taxi home isn't an option.
Unless you're as rich as Tiger Woods. Then you can hire a damn driver.
Shit People
It's a fascist, racist organization dedicated to terrorizing brown people.
Who To Root For
Sunday, May 28, 2017
Everybody Should Learn To Code
I've heard many versions of this: everybody should learn a bit of economics, everybody should knit, everybody should garden, everybody should study math, everybody should study Latin, everybody should take humanities, everybody should be STEM majors, everybody should learn an instrument, everybody should..
I mean, everybody should! It's all good. But we can't all do it all, and while a bit of generalization is good, we all gotta specialize a bit both in our vocations and avocations...
Imagine Working With These People
New World Order
BERLIN — German Chancellor Angela Merkel is urging European Union nations to stick together in the face of new uncertainty over the United States and other challenges.
Merkel said Sunday at a campaign event in Bavaria that “the times in which we can fully count on others are somewhat over, as I have experienced in the past few days.”
Welcome Home
It is my opinion that many of the leaks coming out of the White House are fabricated lies made up by the #FakeNews media.
— Donald J. Trump (@realDonaldTrump) May 28, 2017
Morning Thread
Saturday, May 27, 2017
The Beat So Sweet
Life Without Javanka
Javanka are there because Trump needs someone to be in the room to make sure he doesn't wander off and to make sure he "remembers" what is said to him. Without them...
Related
President Donald Trump has canceled a rally in Iowa next week, citing "an unforeseen change" in the president's schedule.
"Due to an unforeseen change in President Trump's schedule, we will need to unfortunately postpone the previously scheduled rally in Cedar Rapids on June 1st," according to an email sent from his campaign Saturday.
Remember that the rallies were what he loved, what he wanted to keep doing...
Well Then
The distance between Donald Trump and his G7 partners was spelled out dramatically today when Theresa May and the leaders of Italy, France, Germany, Japan and Canada strolled the streets of Taormina, Sicily — while he followed in a golf cart.
Martyrs
Multiple witnesses told KATU the suspect was hurling racial insults at two women, at least one of whom was wearing a hijab. Police wouldn't confirm their ages, but referred to them as "girls" and "young women."
Sgt. Pete Simpson with Portland Police added the suspect appeared to be acting erratically, and wasn't necessarily focused on anti-Muslim insults during the attack.
Two men who came to the women's defense had their throats slashed by the suspect, Sgt. Simpson said.
Diplomacy
“These are the best,” he said, before explaining that his ambivalent attitude towards the EU was a consequence of his experiences trying to set up businesses, notably golf resorts, on the continent.
“He made a lot of references to his personal journey. He explained, for example, the functioning of Europe on the basis of his difficulties in doing business in Ireland,” one source told the Francophone paper.
Morning, Morning
Friday, May 26, 2017
The stupidest person in the world.
I am out so I have to post with my phone but Jared lololololololololol
Not All There
The 2016 Primary Will Never End
Also, It's Cheap
Thursday, May 25, 2017
Say Goodnight, Jared
Jared Kushner, the president's son-in-law and one of his senior advisers, has come under FBI scrutiny in the Russia investigation, multiple U.S. officials told NBC News.
Investigators believe Kushner has significant information relevant to their inquiry, officials said. That does not mean they suspect him of a crime or intend to charge him.
To Dream The Impossible Dream
Westminster voting intention:
— Britain Elects (@britainelects) May 25, 2017
CON: 43% (-1)
LAB: 38% (+3)
LDEM: 10% (+1)
UKIP: 4% (+1)
(via @YouGov / 24 - 25 May)
Our Friend
Blabbermouths
British police stopped sharing information about the Manchester suicide bombing with the United States on Thursday after leaks to U.S. media that police said had risked compromising their investigations.
Prime Minister Theresa May said she would tell U.S. President Donald Trump that intelligence shared between their two countries had to remain secure, in a rare public show of dissatisfaction with Britain's closest security ally.
And In Other News
Still Growing
That's obviously not a lot - and population growth isn't intrinsically good or bad - but it's 10 straight years of growth (if small) for a city which had decades of massive population declines. So that it's not shrinking anymore is a big deal.
Wednesday, May 24, 2017
CBOCBOCBOCBO
Not Bothsidesing
"We stand by the numbers," Trump budget director says of $2,000,000,000,000 error that uses same money twice. https://t.co/iSU10e0wy3 pic.twitter.com/jeIdJlFumX
— NBC Nightly News (@NBCNightlyNews) May 24, 2017
Poor Spicey
ROME – President Donald Trump’s entourage at the Vatican on Wednesday included his wife, his daughter, and an array of staffers—but not White House press secretary Sean Spicer, a devout Catholic who told reporters earlier this year that he gave up alcohol for Lent.
Both sides, according to a White House official, agreed to limit the number of staffers who attended. Two other senior communications aides from the White House were included: Hope Hicks, who like Melania and Ivanka Trump wore a black veil over her hair, and Dan Scavino, the White House director of social media and a longtime Trump loyalist.
...
Other members of the traveling Trump team who are not practicing Catholics said they gave up their spots to accommodate Catholic White House aides. But Spicer – a regular churchgoer who was mocked last year for appearing on CNN with ashes on his forehead in honor of Ash Wednesday – was notably absent.
Hinted at but not quite stated: people would have let Spicey go in their place, but Trump decided not to let him.
Droopy Dog Face
President Trump is no longer considering former senator Joe Lieberman as his next FBI director, CNN reported Wednesday.
Trump, who had said as recently as last week that Lieberman was his top choice, will in fact "hit the restart button" on the search for a new FBI chief, the network reported.
Uber Death Watch
But Uber’s handling of passenger payments raises questions about a larger legal issue, potentially far more substantial: not the pocket-change difference in the commission but whether that entire $2 in taxes is improperly coming out of the drivers’ wallets.
Back when Uber first appeared and it was the Coolest Thing Ever and everyone would brag about their cheap and luxurious cab rides I tried to tell people: whatever (real!) problems there are with local cab regulation, there are very good reasons why there are supply-restricting medallion systems for local cab companies. One of them is that without some sort of monopoly or mandated supply restriction, this type of of business is unlikely to be profitable (thinking of profit broadly, including for drivers). The regulations exist to ensure the market exists. All of Uber's clever (and sometimes illegal) ways to try to beat this fact aren't going to work.
And Speaking Of Blogger Ethics Panels
Forty Republican representatives who voted for the American Health Care Act held shares in health care companies valued at $23 million and earned more than $2 million off those investments, a Daily Beast review of the most-recent financial records found.
Time For Another Blogger Ethics Panel
I mean, sure, disclosure is good, but it was an example of trying to apply "rules" to bloggers based on journalism "rules" which didn't even exist at our elite newspapers. And still don't.
Tuesday, May 23, 2017
Cambrian Explosion
“There is such a crazy thing going on in the market right now around autonomous vehicles,” he says as he hops into his self-driving go-kart. “It is kind of like if you can spell ‘self-driving’ you can sell it for a billion dollars.”
Yet it is not just Silicon Valley money pouring in. The world’s top automakers such as Ford and General Motors have joined Google’s parent Alphabet, Uber and other tech companies in funding research for self-driving technology.
Please invest in my self-driving blog!!!
The Charter Grift
Finally
Not Quite There Yet
"That [closing on the private financing] is a huge milestone in the history of this project, Hasenbalg said. "That provides the impetus to issue the public bonds."
What's the timeline? The public offering - the bond documents - could go out by the end of the week, with a final closing estimated for mid-June.
But if you are or know a construction worker, they shouldn't expect to wait that long.
Why
Thomas seemed to have a cut-and-dried alibi for where he was on the November 1990 morning when Puerto Rican businessman Domingo Martinez was gunned down while transporting $25,000 to a check-cashing store he owned. He said he was checking into the former Youth Study Center for juvenile offenders on the Benjamin Franklin Parkway after he’d been locked up the night before in a completely unrelated matter. He even had a signed subpoena from that morning to prove it. Yet Thomas’ trial attorney somehow failed to convince a jury, forcing an imprisoned inmate to spend years writing letters pleading for someone to believe he didn’t do it.
1) If you convict the wrong person for murder, then the real perp fremains free. You have not found the killer.
2) I would understand 1) (not in a forgivable sense, but in an "at least there's a reason" sense), if cops faced the mythical pressure that you see in cop shows and movies to close cases. 10 unsolved murders! OH NO!!! Pressure's on, detective! The mayor is yelling at the police commissioner!!! But in Philly at least, except for the occasional high profile case involving a child or a white victim (usually a white child), I never see any evidence of that kind of pressure.
The "very very obvious" is that an innocent man has had his life destroyed in an unjust system, but I still don't get why.
"Phony Leaks"
Let's get serious for a moment: Mitchell's scheme is rather facile, but that does not mean phony leaks are not a real threat. According to Haberman, members of the Trump administration already have tried to dupe the New York Times on several occasions — presumably with tips that seem plausible and are not easily dismissed as “crazy.”
Morning Thread
Going to have to develop a spreadsheet to keep track of who is obstructing today and who obstructed yesterday and who is going to obstruct tomorrow.
Monday, May 22, 2017
Too Much Too Fast
President Trump asked two of the nation’s top intelligence officials in March to help him push back against an FBI investigation into possible coordination between his campaign and the Russian government, according to current and former officials.
...
Coats and Rogers refused to comply with the requests, which they both deemed to be inappropriate, according to two current and two former officials, who spoke on the condition of anonymity to discuss private communications with the president.
...
“The problem wasn’t so much asking them to issue statements, it was asking them to issue false statements about an ongoing investigation,” a former senior intelligence official said of the request to Coats.
To State The Obvious
Some Good News
Good news for Silicon Valley commuters: Federal agency now says it will go ahead with Caltrain electrification agreement. pic.twitter.com/xSQ6DikyQO
— Thomas Fuller (@thomasfullerNYT) May 22, 2017
Obviously this is one of my pet issues, but even aside from that it's been in planning forever so canceling it out of spite would have been a big deal beyond that.
Great Moments In Presidenting
Pres. Trump says he never mentioned Israel supposedly in reference to Russia meeting after Netanyahu calls intel cooperation "terrific." pic.twitter.com/ssUpw5OT6C
— ABC News (@ABC) May 22, 2017
Scotland
and Corbyn didn't do that. It isn't the only problem Labour has, but it's a giant piece of it. Of course everyone also-kinda-sorta assumes that an SNP-Labour coalition would form if the numbers were there, but no one actually wants to talk about it, so...
The "Developing World," Too
So they can’t give an exact recipe for how to grow, because that wouldn’t work. Instead, they propose ten nebulous items. A city that succeeds will get praised for how it implemented six of them; a city that fails will get criticized for how it only implemented six and did so in the wrong way.
I remember quite clearly (though not clearly enough for an exact quote) that one rather prominent economic adviser to Russia was asked, when Russia had their economic meltdown, how it all went wrong, and his answer really was something like "we told them to do 5 things and they only did 4 of them!"
The Dementia Tax
Theresa May has said that a Conservative government would set an “absolute limit” on the amount that people pay for social care, in a U-turn on plans included in her party’s election manifesto last week.
The prime minister claimed that the inclusion of a cap, which comes after even supportive newspapers dubbed the plans a “dementia tax” triggering days of backlash, was simply a clarification.
She's lying, but it's bizarre. No reason to think Labour can win, but polls suggest May managed to destroy a likely Tory landslide. And the climbdown still is a cruel policy. It just won't hurt rich people quite as much! Like an estate tax, but only for poorer people!
...some more context.
Sunday, May 21, 2017
Sunday Evening
Good Luck With That
NEW YORK (AP) — New York Gov. Andrew Cuomo is calling on President Donald Trump for federal help at Penn Station, saying the "impact of the state of disrepair" is at "a tipping point."
Cuomo put out a letter to Trump on Sunday. He wants the federal government to help figure out and fund transportation alternatives while repair work is undertaken after a spate of problems including two derailments. He also reiterated a call he has made before, that a private operator should take over operations at Penn Station from Amtrak.
Wacky Foreigners Always Taking Offense
Yes of course there are different manners and customs but people generally recognize them for what they are, and if somebody foreign doesn't know the proper silverware etiquette or whatever no one is really going to get too upset.
Saturday, May 20, 2017
Not Dead Yet
Triple Five, the operator of the American Dream Meadowlands project, announced late Friday that it has closed on $1.6 billion in construction financing for the long-stalled project.
The deal is expected to set the stage in the coming days or weeks for a billion-dollar bond issuance that would provide the rest of the funding for the 2.9 million square foot first phase of the project.
The White House
What unnerves Mr. Trump and his staff the most is the eerily familiar tempo of these disclosures. It is as if some unseen adversary has copied Mr. Trump’s own velocity and ferocity in an attempt to destroy him, several people close to the president said. Sources are shuttling all kinds of information about Mr. Trump to reporters at a pace the White House cannot match.
Tuned Out For A Bit
Lunch Thread
Morning Thread
Friday, May 19, 2017
Poor Normies
The Leaks
WASHINGTON — President Trump told Russian officials in the Oval Office this month that firing the F.B.I. director, James B. Comey, had relieved “great pressure” on him, according to a document summarizing the meeting.
“I just fired the head of the F.B.I. He was crazy, a real nut job,” Mr. Trump said, according to the document, which was read to The New York Times by an American official. “I faced great pressure because of Russia. That’s taken off.”
Walk
I don't need to live in a "big city." I have spent time in little tiny places that I have loved. I do need to live somewhere that most of my daily needs - food shopping, a cafe, a bar or restaurant, for example - can be met without a car. A mile walk isn't very far - 20ish minutes! - if it's a nice walk.
(ht AL)
Kind of an Important Job
Can't have New York or London or Paris or Tokyo without their subway systems. The cities would break.
The World's Easiest Mark
Ms. Merkel has also learned the value of simply staying in touch. While her meeting at the White House with Mr. Trump included an awkward photo opportunity that suggested coolness, she has kept in regular contact. When she planned to travel to Saudi Arabia last month, she called Mr. Trump first, ostensibly to ask his advice — counsel that after 12 years in office she hardly needed from a diplomatic novice.
Thursday, May 18, 2017
Transportation
“The experts who put this together—because Doug told them that we had to have that for marketing purposes—made it very clear to me and others that, through their research, they’d determined 100 percent that it would leave a much larger carbon footprint to ship these [...] empty juice packs back East,” a former operations employee told Gizmodo. Another claimed this conclusion had been reached previously by the company’s internal food science team as well as two packaging engineering consultants. The partnership with Terracycle was pursued regardless in the interest of marketing the juice subscription service as more environmentally conscious than it was, these sources allege.
We Always Need These Jobs
Snowflake
President Donald Trump has canceled a planned visit and speech at the ancient mountain fortress of Masada in Israel after authorities told him that he could not land his helicopter on top of the UNESCO-listed site.
...
Unlike former presidents who have made the trip, such as George W. Bush and Bill Clinton, Trump declined to land the helicopter at a base of the historic site and then take the cable car up, preferring to cancel the visit altogether.
And I Thought Another Death Would Be The News Of The Day
Normally I'd say "be nice" but Ailes was human garbage and he lived a long life, so...
Snowflakes
For many White House staffers, impromptu support groups of friends, confidants and acquaintances have materialized, calling and texting to check in, inquiring about their mental state and urging them to take care of themselves.
One Republican operative in frequent contact with White House officials described them as “going through the stages of grief.” Another said some aides have “moved to angry,” frustrated with a president who demands absolute loyalty but in recent days has publicly tarnished the credibility of his team by sending them out with one message, only to personally undercut it later with a contradicting tweet or public comment.
Morning Thread
Wednesday, May 17, 2017
Monarchies Are Funny
For 21 years, King Willem-Alexander has taken to the skies twice a month to ferry passengers around on short-haul services for the Dutch airline KLM.
Although travellers may have recognised the monarch's voice as he updated them on weather conditions and their time of arrival, the royal's presence was never revealed.
This Is A Good Tweet
You know your generation's had it rough when its image of decadence is a vegetable on a slice of bread.
— Satans Little Helper (@SFtheWolf) May 16, 2017
I wore on avocado on my belt, as was the style at the time...
Lawyer Up
SNL
Because that should be enough to bring down a president. It is in all the Nixon myths we tell ourselves.
FOP
While it is a one party town and good money is on the reformer DA to win easily by virtue of the fact that he has a D after his name, the police and other parts of the legal establishment will do their best to stop him. It will be interesting.
So Gullible
It is a project of Triple Five Worldwide, which also developed the West Edmonton Mall in Canada and Mall of America in Bloomington, MN. In about 18 months, Triple Five Worldwide will open American Dream Metropolitan New York in the New Jersey Meadowlands, Mr. Gorlow said.
Narrator voice: It won't.
It Isn't Just Narcissism
National Security Council officials have strategically included Trump's name in "as many paragraphs as we can because he keeps reading if he's mentioned," according to one source, who relayed conversations he had with NSC officials.
Literal Riots
If Enough People Say Something Stupid
I Guess Jared Has Something To Hide
Sources tell us Kushner was a prominent voice advocating Comey's firing & the President's angry that move has created a firestorm @MajorCBS pic.twitter.com/N3IhlTnwM5
— Norah O'Donnell🇺🇸 (@NorahODonnell) May 17, 2017
Reform
Krasner, a defense attorney for three decades best known for taking on civil rights cases for Black Lives Matter and Occupy Philadelphia members, AIDS activists and protesters arrested at political conventions, has never served a day in his career as a prosecutor.
The current DA actually ran as a reformer, but never was one (at all), and also he'll likely be in prison soon. But the idea that this kind of reformer could win wasn't crazy. Even though the current one didn't keep his promises, it was what he promised, if not quite as aggressively as Krasner.
Tuesday, May 16, 2017
With Friends Like These
A senior official in the Trump administration, who previously worked on the president’s campaign, offered a candid and brief assessment of the fallout from that string of bad press: “I don’t see how Trump isn’t completely fucked.”
Obstruction
WASHINGTON — President Trump asked the F.B.I. director, James B. Comey, to shut down the federal investigation into Mr. Trump’s former national security adviser, Michael T. Flynn, in an Oval Office meeting in February, according to a memo that Mr. Comey wrote shortly after the meeting.
“I hope you can let this go,” the president told Mr. Comey, according to the memo.
The President Of The United States
This has, at times, chafed the president, according to two officials with knowledge of the situation. Mr. Trump, who still openly laments having to dismiss his first national security adviser, Michael T. Flynn, has groused that General McMaster talks too much in meetings, and the president has referred to him as “a pain,” according to one of the officials.
In private, three administration officials conceded that they could not publicly articulate their most compelling — and honest — defense of the president: that Mr. Trump, a hasty and indifferent reader of printed briefing materials, simply did not possess the interest or knowledge of the granular details of intelligence gathering to leak specific sources and methods of intelligence gathering that would do harm to United States allies.
Our Dumb Country
These Sentences
It's an international extension of a dynamic that has been in place since Trump took office, with aides staying in close physical proximity to a president who can often be influenced by the most recent person he’s spoken with.
McCain is Very Concerned
And They Figured That Out All By Themselves
Only 40% of voters approve of the job Trump is doing to 54% who disapprove. For the first time we find more voters (48%) in support of impeaching Trump than there are (41%) opposed to the idea.
Morning Thread
Anybody's guess.
Monday, May 15, 2017
Senior Trump Appointee
Some administration officials who supported Trump during the campaign said they were appalled at his apparent divulging of U.S. secrets, and considered it a break from his “America First” campaign mantra.
“With news like this I’m beginning to wonder why Trump ran in the first place and if he really cares about the country,” said a senior Trump appointee involved in counter-ISIS policymaking. “I miss candidate Trump. Now he’s just a pathetic mess.”
Because I Am Not Serious
Trump has been on my teevee and radio my entire adult life. I was a Howard Stern listener for a long time. Trump was a regular. He was always a horrible narcissistic braggart, but not like this. He has a problem, we have a problem, and despite the fact that his handlers keep telling the press that they have to treat him like a 5 year old, no one will come right out and say the obvious: Trump is in serious mental decline and also he runs the world.
FAKE NEWS WRONG FAKE WRONG
President Trump revealed highly classified information to the Russian foreign minister and ambassador in a White House meeting last week, according to current and former U.S. officials, who said Trump’s disclosures jeopardized a critical source of intelligence on the Islamic State.
The information the president relayed had been provided by a U.S. partner through an intelligence-sharing arrangement considered so sensitive that details have been withheld from allies and tightly restricted even within the U.S. government, officials said.
The Miracle Of Compound Interest
Also, you'll be dead and probably someone will have stolen it from your retirement account by then, but it is still a miracle!
Once when I was on some conference panel on retirement, pushing the crazy idea that we need more Social Security, I was trying to push the point that relying on 401k plans for retirement essentially requires a best case scenario:
1) people have stable employment from young adulthood until retirement
2) they start saving immediately and constantly in a nontrivial fashion for retirement
of course those young people also:
1) have low wage entry level jobs
2) have to pay back student loans
3) have to pay rent and eat
4) are "supposed" to get married and have bebbies (and, you know, we aren't peacocks, but the mating market requires a bit of expensive peacocking)
5) have to save for college for their bebbies
6) have to save for a downpayment for a house
The miracle of compound interest is the miracle that we don't live quite long enough to appreciate.
Flashbacks
Bush Regains His Footing
By David S. Broder
Friday, February 16, 2007
It may seem perverse to suggest that, at the very moment the House of Representatives is repudiating his policy in Iraq, President Bush is poised for a political comeback. But don't be astonished if that is the case.
Like President Bill Clinton after the Democrats lost control of Congress in 1994, Bush has gone through a period of wrenching adjustment to his reduced status. But just as Clinton did in the winter of 1995, Bush now shows signs of renewed energy and is regaining the initiative on several fronts.
More important, he is demonstrating political smarts that even his critics have to acknowledge.
Last person to have pedant cred, but, comeon Zombie Broder, it's "more importantly."
Philly Style
Me: A Sucker
One win.
WASHINGTON — The Supreme Court on Monday announced that it would stay out of a fight over a restrictive North Carolina voting law. The move left in place a federal appeals court ruling that struck down key parts of the law as an unconstitutional effort to “target African Americans with almost surgical precision.”
Paying For Lies And Stupidity
Poors v. Middle Class
America's Worst Humans
Back in the early days of blogging what drove people nuts was that we didn't have "editors" and (in some cases) were "anonymous." 90% of the reason for that was they couldn't complain to someone in hopes that we would get fired. They didn't want us to have editors so that we had fewer typos.
The Best People
White House chief of staff Reince Priebus issued a stern warning at a recent senior staff meeting: Quit trying to secretly slip stuff to President Trump.
Just days earlier, K.T. McFarland, the deputy national security adviser, had given Trump a printout of two Time magazine covers. One, supposedly from the 1970s, warned of a coming ice age; the other, from 2008, about surviving global warming, according to four White House officials familiar with the matter.
Trump quickly got lathered up about the media’s hypocrisy. But there was a problem. The 1970s cover was fake, part of an Internet hoax that’s circulated for years. Staff chased down the truth and intervened before Trump tweeted or talked publicly about it.
Nobody tell him about Bonsai Kitten.
Degenerative
Across Washington, Trump’s allies have been buzzing about the staff’s competence as well as the president’s state of mind. One GOP figure close to the White House mused privately about whether Trump was “in the grip of some kind of paranoid delusion.”
Creationism and Prisons
For a while, the county thought Noah’s Ark would save them. Desperate for a new revenue source, local officials gave hefty land grants and tax incentives to the Ark Encounter, a religious theme park that includes a “life-sized reconstruction” of Noah’s ship, along with a creation museum. The park opened last July, but due to the tax breaks, it hasn’t translated into any sort of public revenue windfall for the county.
Think about how to create a nice place to live.
Has Trump Been Indicted By The Court of Owls Yet?
Morning Thread
Saturday, May 13, 2017
Credit Where Credit Is Due File
SHREWSBURY BOROUGH - Gov. Christie visited the borough on Thursday morning to celebrate the opening of a new Seabrook House outpatient drug and alcohol-treatment facility.
Not everyone was as delighted as the governor was to see the facility opening on White Street, however.
Dozens of protestors chanted and shouted out during the ribbon-cutting ceremony, calling for the facility to be relocated elsewhere and/or for the concerns of parents to be addressed, due to its close proximity to Shrewsbury Borough School.
...
"The kids in that school, by all the statistics in New Jersey, will need drug and alcohol treatment and you will be the same people who will complain that there's not enough," Christie told the protestors. "This ignorant, NIMBY attitude will not be stood for in New Jersey. ... You can yell as much as you want, but we are going to help people who need to be helped despite your ignorance and your intolerance."
Tipping
Sure, they always published bullshit. But people accepted that as just the way that newspapers had to be. Some law of the universe that said a few spots on the opinion page had to be reserved for right wing assholes. Then they hired another one.
Who Published It?
Does former AG Barr not know that POTUS Trump himself told NBC News he was thinking of Russia probe when he made the decision? 3/
— Jake Tapper (@jaketapper) May 13, 2017
But nobody forced the Washington Post to publish the op-ed in question. Yet they did.
And There You Go
Visitors to Trump’s office have often recounted moments that indicated that someone outside the office was listening to their conversations.
Last spring, when two Post reporters visited Trump in his office for another interview, Trump, in the middle of telling a story about how he demolished the Manhattan landmark that had stood where Trump Tower is now, asked his guests if they would like something to drink.
In the same quiet voice in which he’d been conducting the interview, Trump said, “Okay, two waters and a Coke.” The interview resumed and less than a minute later, a secretary walked in with the drinks. No one other than the reporters and Trump had been in the office. And Trump never signaled the drink request to anyone outside the office.
That isn't the oval office, but, well...
Generation Lead
A long-running battle to establish a database to monitor for prescription drug abuse in Missouri — the only state without one — is about to hit a boiling point.
On one side is Republican state Senator Rob Schaaf, who once said that when people die of overdoses that “just removes them from the gene pool.”
Schaaf, who is a physician, has squashed legislation in the past six sessions to establish a prescription drug monitoring program, or PDMP. But sensing urgency that the legislation might pass this session, Schaaf introduced his own bill to set up a PDMP that’s unlike those in any other state — a proposal that medical experts have called a “sham.”
He. Is. A. Physician.
Friday, May 12, 2017
What I Expected All Along
Another F.B.I. insider points out that while the media has focused on the investigation of possible collusion between Russia and Trump’s campaign, there are actually multiple inquiries in progress. “There’s also a cyber investigation, about the hacking and whether crimes were committed,” he says. “And then there’s the business side: Was there money laundering going on? Money from these Russian plutocrats that’s been washed through Trump’s real estate and businesses? That’s gotten overlooked, but Preet Bharara and the Southern District were supposedly looking into that.” They were until April anyway, when Trump and Sessions canned Bharara along with 45 other U.S. attorneys.
A Man Who Moves Across A Space Then Disappears.
Still, stop being assholes, old people. You have kids and grandkids.
Fight Club
A source close to Comey told me this morning: “He hopes there are tapes. That would be perfect.”
— Ken Dilanian (@KenDilanianNBC) May 12, 2017
Mysteries
"the pay associated with those jobs are different."
and
"Female-dominated jobs are stigmatized because they’re lower-paid."
They are girly jobs because they are low pay, and they are low pay because they are girly jobs. It's a twofer!
Norms
And if the Republicans in Congress just roll over, and the press isn't putting up a "resignation watch, day X" banner, and people don't camp permanently outside the White House, the Cabinet doesn't have a 25th amendment moment, and noble civil servants in and out of the White House don't resign and speak loudly, etc..., etc..., we're unlikely to get that back.
But About Those Written Statements
...Maybe the best thing to do would be to cancel all future "press briefings" and hand out written responses for the sake of accuracy???
— Donald J. Trump (@realDonaldTrump) May 12, 2017
There were written statements that were, you know, ALSO WRONG.
And wowzer:
James Comey better hope that there are no "tapes" of our conversations before he starts leaking to the press!
— Donald J. Trump (@realDonaldTrump) May 12, 2017
Thursday, May 11, 2017
Positive Reviews
Another source said the president is speaking to advisors not just about the idea of replacing Spicer and who would be good for the role, but also about the job Sarah Huckabee Sanders has done in her turns at the podium, where she has seemed relaxed, smiling, and drawing positive reviews from reporters in the briefing room and on Twitter, despite still being criticized for misrepresenting the tick tock of events regarding the Comey firing.
Other than the lying, she was great!
Could Be Worse
That is, unless the shit hits the fan under President Trump. It'll be 3 months of reading The Pet Goat.
$732 A Head
OKLAHOMA CITY (AP) — A new Republican caucus in the Oklahoma House is suggesting that more than 80,000 non-English speaking students in public schools be turned over to federal immigration officials.
Broken Arrow Republican Rep. Mike Ritze told News9 in an interview Wednesday that the newly created Republican Platform Caucus believes the state could save $60 million if it would identify what the caucus believes is 82,000 non-English speaking students “and then turn them over” to Immigration and Customs Enforcement to determine if they are citizens.
We're a very cruel country. Let's remember that next time we embark on a "humanitarian war."
Cretins
You know what’s interesting, I’m getting very good marks in foreign policy. People would not think of me in that light. I’m just saying, and you read the same things I read. I’m getting As and A+s on foreign policy. And nobody thought about it.
And when exactly did Trump get oohs and aahs from the cable news goons? When he blew people up.
Here are some things Donald Trump is famous for:
1) Noticing which things he does that elicit positive attention and then doing those things over and over and over again.
2) Craving the validation of the press, generally the sort of press a 70-year-old upper class New Yorker pays attention to, especially cable news.
If one dead American service member won him this much praise, just imagine how much they’ll respect him when he kills a couple hundred—or a couple thousand!
Now that Trump has learned that there is a direct relationship between a president’s body count and how “presidential” the mainstream political press considers him to be, the whole world is fucked.
Former Acting Director
WASHINGTON (AP) — Acting FBI Director Andrew McCabe tells Senate panel he will not update the White House on the Russia investigation.
— Steve Kopack (@SteveKopack) May 11, 2017
2 Cheers For Incompetence
Trump's hired very few people to run things, and those he has appear to be cartoonishly incompetent, people whose only real experience is organizing a College Republican affirmative action bake sale. This will be great until the shit hits the fan.
Also, I Just Invented Pizza
This is actually the most coherent, if stupid, thing in this interview:
President Trump: That all goes into tax reduction. Tremendous savings.But beyond that it’s OK if the tax plan increases the deficit?
It is OK, because it won’t increase it for long. You may have two years where you’ll…you understand the expression “prime the pump”?Yes.We have to prime the pump.It’s very Keynesian.
We’re the highest-taxed nation in the world. Have you heard that expression before, for this particular type of an event?Priming the pump?
Yeah, have you heard it?Yes.
Have you heard that expression used before? Because I haven’t heard it. I mean, I just…I came up with it a couple of days ago and I thought it was good. It’s what you have to do.
What's It All About Then
But 15 years ago he wasn't like this. A dumb horrible narcissistic asshole, sure. But not like this.
Yes, We Knew
After President Trump accused his predecessor in March of wiretapping him, James B. Comey, the F.B.I. director, was flabbergasted. The president, Mr. Comey told associates, was “outside the realm of normal,” even “crazy.”
Easy Peasy
Trump is grappling with the harsh reality of governing and media scrutiny, which he has told friends he hoped would eventually abate, per R
— Robert Costa (@costareports) May 10, 2017
President Pence
Except For First And Business Class
The Department of Homeland Security will ban laptops in the cabins of all flights from Europe to the United States, European security officials told The Daily Beast. The announcement is expected Thursday.
You're Next
Heckuva Job
American voters, who gave President Donald Trump a slight approval bump after the missile strike in Syria, today give him a near-record negative 36 - 58 percent job approval rating, according to a Quinnipiac University national poll released today. Critical are big losses among white voters with no college degree, white men and independent voters.
Afternoon Thread
Shut It Down
Finally, Democrats — with or without a handful of Republican allies, but preferably with them — can basically try to grind the Senate to a halt, by refusing cooperation on any legislation or nominations or anything, until GOP leaders and/or the White House agree to some form of independent investigation. “Every time they’re asked to cooperate on something, this needs to be front and center,” Wittes says. “They needs to be focused like a laser beam on that every time they’re asked to give unanimous consent.”
They can't really prevent everything, but they can make everything take so much time that life is miserable.
SPICEY
After Spicer spent several minutes hidden in the bushes behind these sets, Janet Montesi, an executive assistant in the press office, emerged and told reporters that Spicer would answer some questions, as long as he was not filmed doing so. Spicer then emerged.
“Just turn the lights off. Turn the lights off,” he ordered. “We'll take care of this. ... Can you just turn that light off?”
In Case People Didn't Notice
And then he lashes out by yelling at people on the internet.