Obamacare - was the final push an act of noble means or just hubris? (via Reason.com here)

…At a time when America’s economy is still in bad shape and when we face numerous problems abroad, Obama has put the country through a shattering political battle—and, with legal challenges and promises of repeal, the fight may be just beginning.

This seems, at the moment, less a monument to idealism than to hubris.

Rep. Mike Honda, D-CA seems to think Fannie Mae knows their stuff (via Politico here).  In asking for more money to prevent legal foreclosures, he gives us this:

…In addition, Fannie Mae estimates that as many as 50 percent of the minority homeowners who received a subprime loan should have qualified for a prime loan. This clearly indicates the need for housing counseling services….

With all due respect to Mr. Honda, I think all this clearly indicates is poor critical thinking skills.  When a GSE which apparently knew nothing about the impending crisis and was proactively laying down on the job when it came to auditing loan standards gives you estimates on who might or might not have qualified for what kind of loan – laughter is the appropriate response.  Not regurgitation.

Cato on telephony deregulation, cell phone innovation, & ingratitude (here).  Discussing his memories as a child where phone line were costly and long distance was only slightly less expensive than actual driving as compared to today’s age:

Then came the breakup of the AT&T monopoly in 1984. Phone technology and competitive service provision exploded. In 1982, Motorola produced the first portable mobile phone. It weighed about 2 pounds and cost $3995.

Within a very few years they were much smaller, much cheaper, and selling like hotcakes.  Today there are some 4.6 billion mobile phones in the world, and counting, or about 67 per every 100 people in the world.

Then he moves forward to the ingratitude:

And to celebrate this incredible achievement, Slate and the New America Foundation are holding a forum titled “Can You Hear Me Now? Why Your Cell Phone is So Terrible.”

From the CEI (Competitive Enterprise Institute), we learn the EPA is about to expand its powers (here):

Washington, D.C., March 30, 2010 – The Environmental Protection Agency and the National Highway Traffic Safety Administration (NHTSA) are expected this week to finalize their joint greenhouse gas (GHG)/fuel economy standards rule. This will make carbon dioxide an “air pollutant subject to regulation” under the Clean Air Act for the first time. The rulemaking, and the endangerment finding that is its prerequisite, will allow EPA to immediately exercise and continue to amass powers never delegated to the agency by Congress….

I suppose those supporting the decision know nothing about the EPA’s massive failure in just the Energy Star program.

Lastly, as a reminder, most places and people in the US did NOT buy homes they couldn’t afford (via WSJ here):

The U.S. still is feeling the effects of widespread housing bust, but a new report serves as a reminder that large swaths of the nation didn’t experience a boom in home prices and hasn’t suffered from the bust….

In fact, most of the insane double digit growth in real estate prices were in 5 main areas – NY corridor, Florida, Arizona, California, Nevada.  Make of it what you will that almost all flyover states never experienced the irrational boom, to be inevitably followed by the burst.

9 charged with bullying Mass. teen who killed self via the AP (here):

NORTHAMPTON, Mass. — Insults and threats followed 15-year-old Phoebe Prince almost from her first day at South Hadley High School, targeting the Irish immigrant in the halls, library and in vicious cell phone text messages.

Phoebe, ostracized for having a brief relationship with a popular boy, reached her breaking point and hanged herself after one particularly hellish day in January — a day that, according to officials, included being hounded with slurs and pelted with a beverage container as she walked home from school.

Now, nine teenagers face charges in what a prosecutor called “unrelenting” bullying, including two teen boys charged with statutory rape and a clique of girls charged with stalking, criminal harassment and violating Phoebe’s civil rights….

Assuming the facts, this was criminal behavior with or without the heinous result:

…Northwestern District Attorney Elizabeth Scheibel, who announced the charges Monday, said the events before Phoebe’s death on Jan. 14 were “the culmination of a nearly three-month campaign of verbally assaultive behavior and threats of physical harm” widely known among the student body.

…At least four students and two faculty members intervened to try to stop it or report it to administrators, she said….

So far we seem to be good – charge those directly responsible.  Now what about those administrators who did nothing?

…School officials won’t be charged, even though authorities say they knew about the bullying and that Phoebe’s mother brought her concerns to at least two of them….

& here is the unspoken problem:  government imposed monopoly on schools for which no one is responsible.  Thanks to a strong union and forced funding of these failing institutions we end where the adults charged to protect her are not responsible at all.

Maybe it’s just me, but criminal charges seem consistent with the law.   Sure, a civil suit will likely exist and be successful.  But the end result is the taxpayers who have to support the idiots who allowed this to continue will have to pay for their mistakes.

I’m just saying – it’s possible a justice system which can’t or won’t hold these people accountable combined with a civil system that will punish taxpayers, not the administrators, doesn’t incent future administrators to do better next time.

Maybe there’s a reason they weren’t charged?

…No school officials are being charged because they had “a lack of understanding of harassment associated with teen dating relationships,” and the school’s code of conduct was interpreted and enforced in an “inconsistent” way, Scheibel said…

Oh…. now I get it.  They’re not responsible because they’re too stupid to understand kids their jobs.

It seems at least 4 children, 2 teachers and 1 parent knew enough to try to get help to intervene, but since the administrators just don’t understand kids these days – it’s not really criminal.

What would’ve been criminal would be for Phoebe’s parents to keep her home from school, without proving they were educating her consistent with state guidelines.

But what’s not criminal is doing nothing to prevent this little girl from being criminally harassed daily.

*Side note:  Bravo to the children that stood up against this behavior.  They should be celebrated for doing the right thing and will hopefully be secure in the knowledge that they at least tried.  While the adults did nothing, they tried.

As has been widely reported today, two female suicide bombers attacked train stops in Moscow (via the Economist here):

TWO terrorist bombers on the Moscow metro killed at least 37 people and injured 102 in the morning rush hour on Monday March 29th. The first explosion, which killed 22 people and injured 12, struck just before 8am at the Lubyanka metro station, a few hundred feet from the Kremlin and next to the headquarters of the Federal Security Services, the successor to the KGB. The second bomb went off at Park Kultury, by the main circular road in central Moscow, killing at least 15.

The Russian security services said two female suicide bombers from the north Caucasus were responsible….

This seems to be a continuation of hostilities between Russia & Caucasus as Russia continues it’s movements to secure the sphere of Russian influence within eastern Europe.  Many former bloc countries have tried to maintain independence from Russia and Russia has responded.  In some cases, political and economic pressure could be enough, in other cases the military is being used as a foreign policy tool.  Right or wrong, all military objectives are just foreign policy goals through a military vehicle.

What does this have to do with equal rights?  To be honest I’m not sure, but reading Slate made me think I was wrong.  Under the category of “I don’t know what to think about this” Slate had two articles today: The Glass Ceiling for Female Terrorists & a reprint of an article asking if female suicide bombers get 72 virgins here.

While I do agree with the basic premise that Islamic fundamentalists treatment of women is horrendous & I believe firmly the world should be able to judge those countries which force women to be fully subjugated to men, I also believe the timing for these more lighthearted attempts at satire was not chosen wisely.

Please don’t misunderstand – I’m against almost all censorship (depends upon how you define censorship for me to say against “all”) & would never think I should be able to impose my beliefs on their editing decisions.

But as a value statement maybe we should ask: Was this a good idea considering innocents were just slaughtered for doing nothing more than trying to get to work?

Proving how little we truly understand about addiction, a new study (via UK Telegraph here):

Bingeing on junk food is as addictive as smoking or taking drugs and could cause compulsive eating and obesity, a study has found.

According to the research, rats when given junk food, will crave it in a similar fashion to much harder drugs, as it all uses the same pleasure center:

…As these pleasure centres become less and less responsive the animals quickly develop compulsive overeating habits, consuming larger quantities of high-calorie, high-fat foods until they become obese.

The very same changes occur in the brains of rats that over consume cocaine or heroin…

I wonder if this will put to rest the nicotine is addictive as cocaine meme?  Or possibly destroy the idea of heroin addiction altogether?  Whatever it does do in the end, it should give us pause anytime we hear “as addictive as…”

John Stossel on government testing (here).  Among the other illuminating information, you can read about GAO’s audit of energy star products, including this gem:

…The GAO attached a feather duster to a space heater, sent the photo to the EPA, and got approval in just 11 days…

All told:

GAO sustained Energy Star certifications for 15 bogus products, including a gas-powered alarm clock.

Via WSJ, In War Between States and Feds, Utah Strikes Latest Blow:

All is not well between the states and the federal government….states in recent months have signed sovereignty statements….last week, more than a dozen states sued to strike down the new federal health-care law…..Now….Utah Governor Gary Herbert on Saturday authorized the use of eminent domain to take some of the U.S. government’s most valuable parcels….

This should get interesting.

Lastly, an interesting idea via HBR (here).  Asking CEO Tim Brown:

…what does it take to bring about such mass behavior shifts? Are there approaches that businesses could use, too, to influence behaviors on a micro level, and gain benefits on a macro one?…

Under the title, Unnecessary Court Decisions, FIRE has won a victory for free speech rights on college campuses (here):

FORT WORTH, Texas, March 16, 2010—Late yesterday, in a striking victory for the First Amendment on campus, a federal district court in Texas ruled that a number of restrictions on students’ speech at Tarrant County College (TCC) are unconstitutional. In his decision, U.S. District Judge Terry R. Means found that TCC’s reliance on a policy prohibiting “disruptive activities” to restrict students Clayton Smith and John Schwertz from holding an “empty holster” protest violated the First Amendment….

Congrats to FIRE once again for trying to teach society what free speech actually means, just wish a court wasn’t required to force “educators” to understand freedom.

More “When I say what others should be allowed to do, that doesn’t apply to me” politicians.  This time via Reason Foundation discussing Arne Duncan, the current US Secretary on Education has prevented poor people in one district from having vouchers while maintaining a system for the well connected in other parts of the country (here):

US Education Secretary Arne Duncan has been unwilling to support the DC Opportunity Scholarship program that allows disadvantaged students to attend higher-quality DC private schools and even rescinded the scholarships of 216 children that had already been accepted into the program this year. This becomes even more ironic in light of the fact that Duncan maintained an exclusive list of well-connected folks that he helped exercise school choice in Chicago’s highest quality public schools….

What they call ironic, I consider extreme arrogance, but to-may-to, to-mah-to…

CATO shows us an interesting chart about the level of government spending in health care.  Hopefully with straight forward facts we can start to disabuse others of the notion that the current state of health care is due to private industry (whole thing here):

via Mercury News, CA, with major budget issues (via KNX 1070 News), but should that stop them from further propping up home sales during a correction in the market cycle?  Well, if you’d think yes, then you give too much credit (here):

…The deal reached Monday provides $200 million in new tax credits for homebuyers…

Which is stupid enough, but politicians can’t be held back by things such as economics.  So while more sellers exist than buyers, they also want to spur construction:

…to be split evenly among those buying a home for the first time and anyone buying a newly constructed home. Anyone qualified who makes a purchase between this May and August 2011 will receive a credit for 5 percent of the home’s purchase price, up to $10,000 over three years….

DA has several posts on the governments’ continuing actions which are understood to have been part of the problem in the first economic crisis (here, here, & here), but attempting to add new inventory to a market under correction is grossly irresponsible.

If you read enough media reports about “science” and their predictions, you like I are probably struck by three things:  we seem to invest lots of money on things we already know, we also seem to invest lots of money in things which are stupid, and I still don’t have my flying car.

As with most things, there is real science in the world, just woefully lack of reporting.  Here’s two things that are sure to benefit society over the long run:

• via Marginal Revolution, insurance companies are beginning to use data analysis to pro-actively tell insurers medical tests they should contemplate (here):

In Hawaii, Kaiser Permanente has started a pilot project that churn through its database of patient data to predict which patients might need which tests – and then sends individuals email alerts suggesting they come in for a test or checkup….

Now this of course could be fraught with potential privacy concerns, but the technology is available, with independent audits, to allow this process without allowing the company access to specific individuals and their specific risks.  It’s a start though and oddly enough, it didn’t require the federal government.

• & via Popular Science, a true miracle, beer without hangovers (here):

…A new study suggests that we could quite easily engineer our tipple to help us break down alcohol faster, reducing that morning-after sensation of intense pain (or intense regret) by simply adding more oxygen to our booze….

Of course societies aversion to others using drugs isn’t a pragmatic one, but a belief in the morality of those who don’t partake versus the immorality of those who do.  So my guess is that if this turns out to be true, they will attempt to outlaw as reducing negative consequences can only lead to more immoral behavior.

For an example of this thinking:  via Reason.com FDA to Ban Electronic Cigarettes.  According to the FDA:

Our concern is that this might introduce nonusers to nicotine use.

Jacob Sullum’s (the author) obvious question:

And what if it did? Separated from the dangers of smoking, nicotine use is not a big health concern.

Let’s hope the government will not interfere with either of these innovations.

• I think there is still a health care debate even though the bully pulpit isn’t wanting to increase attention to this, but writer Michael F. Cannon from the Cato Institute diligently continues to shed light on the issue.  As one of the best writers on the subject I recommend everything he has written or papers he has published on the subject.  For now, he has a three part series worth the time for anyone interested in learning more: Questions for Thoughtful Obama Care Supporters (Part I, Part II, Part III)

• It might not matter, the health care bill hated by all might be pushed through with various legal and procedural maneuvering.  here via Cato

• Interesting medical research showing correlation: As girth grows, risk of sudden cardiac death shrinks.  I question their use of BMI to identify normal/underweight as as 6’4” person can weight as little as 160 and still be normal (chart), but hopefully it will help them understand that stats are useful tools, but for things such as medicine…. due to the unique nature of us all, the future is individually built therapies, not government programs to change the BMI of an entire nation.

• John Stossel writing Reform Does Not Mean More Rules in response to Senator Chris Dodd’s proposed overhaul of financial regulation:

The New York Times headline says Dodd’s Bill “Adds Layers of Oversight”.

Just what we need: 1,336 pages of additional “layers.”  Senator Dodd is as ignorant as he is arrogant.

• Lending credence to Mr. Stossel’s position, How the Fed slept through Lehman via Rueters

• Cornell MBA student says bet against Warren Buffett (here via WSJ).  Not saying I agree, but I do agree with WSJ – always nice to see someone attempting to break conventional wisdom.

• Here come’s the CFPA…. known as the Consumer Fraud Protection Act, which is shaping up to confirm my theory on the titling of bills.  Meaning it will not protect anyone, including consumers, from anything, including fraud; which I thought was already against the law….  More @ Reason by Tim Cavanaugh here.

• More psychology study showing evidence that concealment or perceived anonymity can lead to more unethical behavior.  via Time here

• Via Calculated Risk, Home Builders $2.3 Billion “Gift” from Taxpayers, demonstrating our government’s utter indifference to the economic realities associated with propping up businesses which should naturally contract during a correction.

• Cato on the government’s continued refusal of basic facts showing government employees earning more on average than their civilian counterparts (here)

• Obama administration to reverse decision on trying terrorist mastermind in NY & instead opt for a military tribunal – via WSJ here

• For light reading, America’s Craziest Cities @ The Daily Beast where they rank cities based upon stress, drinking, eccentricity, and number of psychiatrists.