“You miss 100 percent of the shots you never take.”
– Wayne Gretzky, Canadian hockey player (1961 – )
Hear Michael Covell of turtletrader.com expound on “The Great One’s” insight.
“You miss 100 percent of the shots you never take.”
– Wayne Gretzky, Canadian hockey player (1961 – )
Hear Michael Covell of turtletrader.com expound on “The Great One’s” insight.
The Longmont Times Call reports that veteran planner Dale Case has been selected to head Boulder County’s Land Use Department.
Case said in an interview that he’ll focus on county commissioners’ policy initiatives in his new land-use job — initiatives that target such topics as sustainability, rural preservation and “excellence in public service.”
Case said he’ll also be working “to continue what’s been started here a long time ago,” which he said includes maintaining Boulder County “for what it is.”
Not to be too judgemental, but it doesn’t sound like much will change. Of course, that’s not surprise since the commissioners haven’t really changed.
In the June 16th edition of Forbes magazine, publisher Rich Karlgaard describes former Microsoft R & D head Nathan Myhrvold’s startup called Intellectual Ventures in a column titled Math Boneheads.
One of Intellectual Ventures’ inventions is a blood filter that catches metastatic cancer cells. The project leader, Lowell Wood, has no medical background. He’s a physicist. Isn’t that a disadvantage? No, quite the opposite, says Wood. “People in biology and medicine don’t do arithmetic.”
bold is mine.
Stop here. What an amazing statement, and deeply disturbing if true. I don’t know about innumerate cancer surgeons–a scary thought–but across American society the failure to apply simple arithmetic to problems is widespread. Adjustable-rate mortgages can go up? Wow. Nobody told me that.
After explaining the miracle of compound interest, Karlgaard proposes a thought experiment:
Thought experiment: How many American K-12 teachers and television talking heads scored higher than 600 on the math portion of their SATs? Anyone? Anyone? Bueller?
Yes, inquiring minds would like to know.
Is it out of touch with the people? Amy Ridenour investigates Rush Limbaugh’s reporting on the issue.
It wouldn’t be the first time our government leaders, especially the liberal elite, knew what’s best for us common folk.
The Colorado Daily reports on possible November ballot initiatives that the Boulder City Council will discuss tonight. Mostly it’s about having enough money to keep Camelot running. There could be two sales tax extensions, a “de-Brucing” measure on property taxes and a “one-time” increase in Development Excise taxes.
I wonder if the two sales taxes were “one-time” increases when they were presented?
Imagine that. Read what Dr. Helen has to say.
No doubt, there are plenty of scumbag men, but there are a large number of scumbag women that have the power of the judiciary behind them.
Robert Samuelson, writing in Reason takes on Cap and Tax, whoops, Cap and Trade on CO2 emissions.
In one bill, the 2030 cap on greenhouse gases would be 35 percent below the 2005 level and 44 percent below the level projected without any restrictions. By 2050, U.S. greenhouse gases would be rapidly vanishing. Even better, their disappearance would be allegedly painless. Reviewing five economic models, the Environmental Defense Fund asserts that the cuts can be achieved “without significant adverse consequences to the economy.” Fuel prices would rise, but because people would use less energy, the impact on household budgets would be modest.
This is mostly make-believe. If we suppress emissions, we also suppress today’s energy sources, and because the economy needs energy, we suppress the economy. The models magically assume smooth transitions. If coal is reduced, then conservation or non-fossil-fuel sources will take its place. But in the real world, if coal-fired power plants are canceled (as many were last year), wind or nuclear won’t automatically substitute. If the supply of electricity doesn’t keep pace with demand, brownouts or blackouts will result. The models don’t predict real-world consequences. Of course, they didn’t forecast $135-a-barrel oil.
(bold is mine)
and when these Cap and Tax policies slow down the economy, the “day of reckoning” for social security will start to move rapidly up in time.
That’s Kathryn Jean Lopez’s suggestion.
I found this of particular interest…
Little wonder that Gallup reports that a majority of Americans support “drilling in U.S. coastal and wilderness areas now off limits.” Unlike Congress, where Democratic California Rep. Maxine Waters wants to “socialize” the oil industry, Americans don’t blame oil companies for the high prices. According to Gallup, “The number of Americans who blame oil companies for the high price of gasoline has decreased from 34 percent to 20 percent.”
I’m sure that’s not the case in the land that reality surrounds. Big Box stores, big oil companies, you’re lower than low!
Read her critique of “America’s Climate Security Act” here.
Over at National Review, Ben Lieberman explores/exposes 5 myths of the “America’s Climate Security Act” authored by Joe Lieberman and John Warner.
The myths are:
Myth #1: LW wouldn’t be expensive.
Myth #2: The costs fall on industry, not consumers.
Myth #3: Global warming is a crisis that must be addressed at all costs.
Myth #4: LW effectively addresses the threat of climate change.
Myth #5: LW’s cap-and-trade approach is a proven success.
and he concludes…
Overall, the Lieberman-Warner bill promises substantial hardship for the economy overall, for jobs, and for energy costs. Given current economic concerns and energy prices, this is the last thing the American people need. At the same time, the environmental benefits would likely be small to nonexistent. The Lieberman-Warner bill fails any reasonable cost-benefit test.
Read it all here.
House that is, with the usual caveat that price paid will be for the more expensive house. Here’s the deal…
“Michael Crews Development is offering new, 2000-square foot cityscape row-homes worth $400,000 in Escondido for free — if you buy one Royal View Estate home in San Pasqual Valley starting at $1.6 million. ‘You know it’s a straight-up legit deal; no prices have been increased, there are no hidden costs. Michael is just giving away a free home for people that buy at Royal View,’ said Berry.”
Is this a great country or what?
Instapundit, with the help of Powerline sums up the state of affairs in the press nicely.
Instapundit, with the help of Powerline sums up the (poor and declining) state of affairs in the main stream media in his usual pithy fashion.
Perhaps that’s why the Daily Camera has spare office space for the Colorado Daily. On the other hand, perhaps not. It’s hard to fathom that predominately liberal Boulder has an issue with their left leaning paper(s). Of course, perhaps the minority conservative population is what creates the margin for the paper. Our household stopped taking the Daily Camera several years ago. We found (and still do) the editorial page nauseating, to be polite about it. Needless to say, we’re in a distinct minority.
Sen. Joe Lieberman, the Connecticut independent who is a leading sponsor of the bill, says computer studies suggest a modest impact on energy costs, with several projections for continued economic growth. Sponsors says the bill also offers billions of dollars in tax breaks to offset higher energy bills.
“Serveral” projections for economic growth? How nice, several out of how many (bogus) simulations. We have computer models on top of computer models.
The debate on global warming is viewed as a watershed in climate change politics. Yet both sides acknowledge the prospects for passage are slim this election year.
Thank goodness.
Only a few senators now dispute the reality of global warming. Still, there is a sharp divide over how to shift lessen the country’s heavy dependence on coal, oil and natural gas without passing along substantially higher energy costs to people..
Scary, very scary. Is less CO2 good? Without a doubt
The petroleum industry, manufacturers and business groups have presented study after study, based on computer modeling, that they say bear out the massive cost and disruption from mandating lower carbon emissions.
Environmental groups counter with studies that show modest cost increases from the emission caps provide new incentives to develop alternative energy sources and promote energy efficiency and conservation.
I have no issue with what the environmental groups want. If they get what they ask for, the backlash may be much larger than they expect.
“This debate is going to be mostly about costs,” says Daniel Lashoff, director of the Climate Center at the Natural Resources Defense Council. “But we want to make sure in that debate we don’t forget that the cost of inaction on global warming would be much higher than the cost of the emission reductions called for in this bill.”
And where exactly is the global warming over the last 10 years?
These reductions “will not only enable us to avoid the ravages of unchecked global warming, but will create millions of new jobs,” contends Democratic Sen. Barbara Boxer of California, who heads the Senate Environment and Public Works Committee.
Millions of new jobs, this lady just needs to silence herself.
Senators advocating aggressive action on climate change say that would be too late to avert the worst effects of global warming.
The Algore wannabes.
Also in dispute is the distribution of pollution allowances. Many Democrats, including Clinton and Obama, to auction all allowances. The Senate bill would give about half of them to states, municipalities and affected industries.
Sen. Bernie Sanders, an independent from Vermont, said he will try to get that changed so that none goes to what he considers to be special interests.
Sen. Bob Corker, R-Tenn., also wants most, if not all, the allowances auctioned and the money going out in checks to anyone earning $150,000 or less, or $300,000 for couples.
What a fancy name for idiotic income redistribution.
That would be Warren Buffett, Jim Rogers and Mohnish Pabrai.
Read the instightful analysis by Jeff Anello over at the Circle of Competence.
I disagree slightly with Jeff’s comment that Rogers is usually “leveraged to the hilt”. I think that was true in the Soros days, but I don’t think that’s necessarily true today. In one book I read, can’t remember which one, he mentions how crazy they were being overleveraged (referring to the past).
Read Darren’s writeup on the Copenhagen Consensus Conference.
Earlier this week I wrote about the Copenhagen Consensus Conference, and its attempt to determine the most effective way to expend limited resources (money) to solve the world’s biggest problems. The results are in.
The Reason article is here. If you’re from Boulder, you must wonder where global warming (whoops climate change) is in the ranking. Here’s your answer…
At number 30, the lowest priority is a proposal to mitigate man-made global warming by cutting the emissions of greenhouse gases.
Yes Boulder, you read that right, the LOWEST PRIORITY!
Of course, just yesterday Erika Stutzman of the Daily Camera editorialized about global warming (whoops climate change). In an editorial titled “The Time is Now” she claims “now” is the time to pass “The Climate Security Act” (Warner-Lieberman bill). She finds this quotation from Tufts University professor Frank Ackerman…
Tufts University senior economist Frank Ackerman says the costs of failing to address climate change will be great. Excluding “priceless” things like the loss of habitat and wildlife, he says the actual dollar figures would be $1.9 trillion by the end of the century. His estimation includes things like the loss of residential real estate due to rising sea levels and the increased cost to cool houses across the nation — which will far outweigh reductions in heating costs, he says.
Obviously Frank, err Professor Ackerman was NOT at the Copenhagen Concensus Conference, or had no influence on his fellow economists.
Also from the Stutzman editorial…
On Thursday — years late and only after a court order — the Bush administration produced a document that lists threats to the United States due to climate change. The report was required by a 1990 law that requires the federal government to produce a comprehensive scientific assessment of global warming every four years. It had not been done since 2000. One of the conclusions in the 271-page report is that there will be more death and damage from wildfires, hurricanes and other natural disasters. In the last three decades, wildfire season in the West has increased by 78 days.
Hmmm, there hasn’t been any global warming since 1998, but a greatly improved ability to fantasize about potential disasters.
STS-124 is scheduled to launch at 5:02pm EDT today. You can watch the live video feed here.
Imagine that! From the Christian Science Monitor…
London – Trucks blocking a main London highway, fishermen blockading French ports, Dutch drivers petitioning parliament, Spanish and Italian fishermen voting to strike – Europeans are becoming restless at relentlessly high energy costs.
I feel sure the French will find a way to have the most outrageous protests.
Tax relief. European drivers pay the highest gas taxes in the world. In Britain, tax accounts for around 65 percent of the pump price for diesel, which recently topped 130 pence a liter or $9.88 per gallon.
Hey, that’s a LOT of tax.
“Within a matter of weeks we could see a large number of British haulage companies go bankrupt,” warns Peter Carroll, a truck-business owner whose fuel bill has jumped almost 50 percent since October. “There should be a rebate for essential users. It already applies to bus companies. It would cost money in the short term, but it will keep alive an industry.”
Why will they go bankrupt? Seems like they would raise their prices or add a fuel surcharge. Perhaps there are price controls or their larger competition hedged the cost of fuel? I suppose deeper pocket corporations could keep their prices down driving their competition out of business, but that would also require they have the resources to take over the competitions business.
There are no easy answers, but failure to act will likely unleash more angry protests. French fishermen shot flares Thursday at police while farmers blocked oil terminals. In Britain, Mr. Carroll says truck drivers are ready to block refineries, causing gas shortages. “I’m committed to lawful protest, but some firms don’t see the wider picture and we’ll be going back to 2000 when you saw people outside oil refineries.”
Of course, everyone wants the government to “do something”.

According the Realty Trac in April, Colorado is one of the top 5 states in the nation when it comes to foreclosures. The other 4 are California, Florida, Nevada and Arizona.
Berkshire Hathaway stock has rallied 11% in the last 10 trading sessions.
Look at the increase in trading volume over the last week, especially today.
(click to enlarge)
Whoops, they must mean global warming. Whatever.
Thankfully, according to this Fortune magazine article, the business coalition supporting the Lieberman-Warner climate change legislation jas splintered.
Without widespread corporate support, passage of the bill – already a long shot at best – becomes even more unlikely this year. President Bush remains opposed. House Democrats have been slow to act.