I am reminded of a story from the assault on Lookout Mountain. Grant had ordered the Union troops to move forward and seize the rifle pits at the bottom of the mountain. He was observing the progress with the general commanding the troops making the assault; they overran the Confederate rifle pits and kept going. Grand said--"Who ordered those men to keep going?" and their commander said "Once those boys get going, ain't nobody going to stop them." [I paraphrase-too lazy to look it up.] Grant chomped on his cigar and said "This had damned well better work, or somebody is going to pay." In the event, it worked brilliantly.
The U.S. legal system is first and foremost about property rights, not personal rights. But, property rights are tricky. Once granted, they are not easily rescinded and that's true regardless of the entities involved. So, for example, once a public service has been extended (e.g. health care), it cannot be easily taken away. That is also true for public accommodations provided on interstate highways and accounts for why the denial of service to certain populations was found to be illegal. Using the commerce clause to counter racial discrimination was really inspired.
Krugman: Will Putin Kill the Global Economy? [Click] Interesting comparison to 1913. I would quibble that the first wave of globalization began not in 1870, but in 1571, when Legaspi founded Manila.
Bloomberg: China Sees ‘Unprecedented’ Capital Outflow Since War, IIF Says China saw outflows even as other emerging markets held up Foreigners sold a record amount Chinese bonds in February China has seen investors pull money out of the country on an “unprecedented” scale since Russia invaded Ukraine in late February, marking a “very unusual” shift in global capital flows in emerging markets, according to the Institute of International Finance.
High-frequency data detected large portfolio outflows from Chinese stocks and bonds, even as flows to other emerging markets held up, the IIF wrote in a report Thursday.
The homeless fellow with a commercial driver's license we had been sheltering in Georgia suddenly flew off to Seattle where he prsumably had found a job.
Four years since I retired!
ReplyDeleteNYT: Russia’s War Lacks a Battlefield Commander, U.S. Officials Say [Click]
ReplyDeleteI am reminded of a story from the assault on Lookout Mountain. Grant had ordered the Union troops to move forward and seize the rifle pits at the bottom of the mountain. He was observing the progress with the general commanding the troops making the assault; they overran the Confederate rifle pits and kept going. Grand said--"Who ordered those men to keep going?" and their commander said "Once those boys get going, ain't nobody going to stop them." [I paraphrase-too lazy to look it up.] Grant chomped on his cigar and said "This had damned well better work, or somebody is going to pay." In the event, it worked brilliantly.
DeleteThe World’s Most Agile Countries [Click]
ReplyDeleteTrump may face day in court thanks to lawsuit from reggae singer Eddy Grant [Click] “The musician sued the former president and his administration over the use of his song Electric Avenue in an ad in 2020”
ReplyDeleteThe U.S. legal system is first and foremost about property rights, not personal rights. But, property rights are tricky. Once granted, they are not easily rescinded and that's true regardless of the entities involved. So, for example, once a public service has been extended (e.g. health care), it cannot be easily taken away. That is also true for public accommodations provided on interstate highways and accounts for why the denial of service to certain populations was found to be illegal. Using the commerce clause to counter racial discrimination was really inspired.
DeletePersonal rights are treated as property rights. Your life has a monetary value.
DeleteIndependent trucker doing well [Click] Not a job for everyone, certainly.
ReplyDelete
ReplyDeleteTwo from the New York Times:
Krugman: Will Putin Kill the Global Economy? [Click] Interesting comparison to 1913. I would quibble that the first wave of globalization began not in 1870, but in 1571, when Legaspi founded Manila.
Putin ‘Just Threw Over the Chess Board,’ and Russians Feel Shame and Dismay [Click]
Linked from Krugman:
DeleteBloomberg: China Sees ‘Unprecedented’ Capital Outflow Since War, IIF Says
China saw outflows even as other emerging markets held up
Foreigners sold a record amount Chinese bonds in February
China has seen investors pull money out of the country on an “unprecedented” scale since Russia invaded Ukraine in late February, marking a “very unusual” shift in global capital flows in emerging markets, according to the Institute of International Finance.
High-frequency data detected large portfolio outflows from Chinese stocks and bonds, even as flows to other emerging markets held up, the IIF wrote in a report Thursday.
This also roughly coincided with China's crackdown on several of its largest firms.
DeleteThe homeless fellow with a commercial driver's license we had been sheltering in Georgia suddenly flew off to Seattle where he prsumably had found a job.
ReplyDeleteI wish him good luck.
DeleteWow! May life go well for him from here!
DeleteAmazon Workers on Staten Island Vote to Unionize [Click] YEE-HAH!
ReplyDeleteA Burlington, Vermont Entrepreneur Plans to Launch an Amazon Rival With a Buy-Local Mission
ReplyDeleteYES, PLEASE!!
DeleteUkrainian strike on fuel depot inside Russia
ReplyDeleteAnalyst says Ukraine's alleged move is one of Biden's worst nightmares
DeleteLike to compare it to any number of places in Ukraine that have been pounded into the ground?
DeleteWars are well known to entail unenvisioned occurrences.
DeleteFleeing Putin’s Russia: Exiles search for new identity, but find new problems [Click]
ReplyDeleteWith gas prices sky-high, some would-be EV buyers are getting creative [Click]
ReplyDeletehttps://digbysblog.net/2022/04/01/soother-6/
ReplyDeleteClick here Sounds like the former owners are in serious need of psychiatric care. Glad it worked out.
Delete