The Will of the Voter and Credit Crisis

I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country; corporations have been enthroned, an era of corruption in High Places will follow, and the Money Power of the Country will endeavor to prolong its reign by working upon the prejudices of […]

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Is the Market working? Yes, Unfortunately.

   I’ll glad you pay you Tuesday, for a hamburger today. – Whimpy   Intervention in Markets, with artificial price controls (high or low) taxes and regulation is never pretty when things revert back to their natural state, but a purely capital society cannot be left to itself without some regulation.  Monopolies are bad for […]

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On the Coming Change in America

In great contests each party claims to act in accordance with the will of God…. God’s purpose is something different from the purpose of either party – and yet the human instrumentalities, working just as they do, are of the best adaptation to effect His purpose. – Abraham Lincoln My My, how our country has changed. […]

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On Failing Large Companies and True Risk

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government. – Milton Friedman In a capitalist society, big companies need to fail.  It refreshes them, it refreshes the market, and it makes us stronger. However, let’s make it clear, these failures does not […]

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On The Turn of the Tide

The Stormy Present We here have not written in a long time, there was not much to say, nothing we had not written or was reflected in print otherwise.  We, this grand expiriment was not about repeating news, but to be enlightened about the stormy present, a belief which said, ” Change course, or crash.”   […]

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On Bailouts and More Bad Laws

Blubs of Verbs, Life Lessons Comments Off on On Bailouts and More Bad Laws

“There is no grievance that is a fit object of redress by mob law” – Abraham Lincoln

Congress is pissed about the AIG bonuses (March 17, 2009), so am I. You should be pissed too, but let us be clear:  The law of unintended consequences states clearly; (paraphrasing) if you use a simple solution to fix a complex problem, you will end up with outcome you clearly didn’t foresee.  

As we’ve learned over and over again, anything Congress agrees to immediately is a BAD idea. Legislation that is decided in about a week is written too broadly and loaded with Anti- Constitutional bias, because, really, the constitution is there to help us stop our head long rush to bias.

Examples of Quick bad laws with unforeseen consequences:

• USA Patriot Act (eventually led to the Iraq war justification and wire tapping and GITMO)
• The TARP act – Seriously, how much money did we give them (800 Billion) and still had to do it again?
• And now a potential Tax on AIG bonus specifically?  Seems ripe with equal protection bias. 

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OceansOfThought @ March 17, 2009

On The Death of the Newspaper

Commentary Comments Off on On The Death of the Newspaper

We live in the midst of alarms; anxiety beclouds the future; we expect some new disaster with each newspaper we read – Abraham Lincoln

There are many news paper who are dying,

“Hearst is threatening to close the San Francisco Chronicle – and on Monday said it would make the Seattle Post-Intelligencer an online-only publication. Gannett, owner of USA Today, has followed The New York Times in slashing its dividend to preserve cash. Titles from the venerable Cincinnati Post to the six-year-old New York Sun have folded”

The web isn’t killing them, Aggregators on the web are killing them. But forcing aggregators to pay is just a losing game. there are too many people writing, too many links, track backs, A hacker would just reprint the NY times on a uncloseable Page in New Delhi in anger.

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OceansOfThought @ March 16, 2009

On Giving New Graduates Opportunities

Commentary Comments (1)

“The probability that we may fall in the struggle ought not to deter us from the support of a cause we believe to be just; it shall not deter me.” – Abraham Lincoln

I’ve been kicking it around in my head.  There are programs for students in school (internships and the like) where they can get experience in a field they are working towards and maybe (just maybe) get hired where they are interning.  Such things are common in the goverment, PR agency’s and even Law, MBA schools.

But let’s be serious. Many of us arn’t always that sharp and we leave college, fresh with degree in hand … and are screwed.  Turns out, after you leave college you are a “professional.” yet the catch 22, because you have no practicle exprience few want to hire you. 

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OceansOfThought @ October 14, 2008