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San Diego biotechs bathe in stock market blood
From Wikiquote: A man who knows the price of everything and the value of nothing. [Answering the question, what is a cynic?] (Oscar Wilde; Lord Darlington, Act III.) Tw— August 25, 2015 9:33 a.m.
San Diego biotechs bathe in stock market blood
"The more you generalize about a population, the less you know about any individual in that population." --Henry Geiger— August 25, 2015 9:24 a.m.
Retire in San Diego! Juuust kidding.
I'm pretty much in Visduh's shape, albeit likely on a much smaller scale. We've used the AC more this year than before, but we're getting older, thank goodness. I reckon we'll ride out the coming disasters as long as we can, but I am thinking about some kind of contingency plan. Valentine is right--we still can't beat the climate here. I expect water costs to rise to more than ten dollars per hcf in one to three years, maybe a lot more. Water harvesting will shove us back about a hundred years, into the days of cisterns, and we will have to have privies, maybe composting toilets. The real estate market will be in the toilet, with "homes" selling, if at all, for pennies or mils on the dollar. Many will be vacant. Ad nauseam. The decline of the impoverished and the so-called "middle-class" will converge with the water supply disaster into a "perfect storm" which will be truly unprecedented, but which "they" should have seen coming and warned us about. But there is pressure to avoid sending us into "premature" panic. Faith in the system won't work, because there will be no system--at least not for most of us. Look at the curves. Match them up with the "mouse plague" curves. Note the severity of the crash. And those little buggers don't even have guns, just teeth. Water and jobless refugees we will be--serfers who can't make waves. Tw PS: ". . . If San Diego drifts toward a two-class society -- superrich and everybody else -- it will be going the same direction as American society. That is precisely what is happening all around the U.S. "From an economic perspective, the disappearance of the middle class could be a nightmare. Consumption is 71 percent of our economy. If the middle class lacks the funds to consume, we are in deep trouble." --Don Bauder— August 24, 2015 6:42 p.m.
San Diego unemployment rate rises
It's kinda like what politicians say after every big fire--"We didn't expect this." Or "Unprecedented." Well, the fires are not unprecedented, and ignitions tend to go up with population and the length of the dry period, etc., but big fires are predictable. How do they get away with making such statements? People's minds are scattered by fear. When the water is essentially gone, "they" will say the same thing--"We didn't see this coming." That will either be a lie too, or a sign of incompetence. I frankly don't know which. I don't have the time and resources it will take to get the information together, but a group of students could do it. It's not that it is difficult, it just takes hours and hours. I would go short on California. The "conservation" "measures" are far too little far too late.— August 24, 2015 6:17 p.m.
San Diego unemployment rate rises
Re: Don Bauder Aug. 23, 2015 @ 8:46 a.m. Don, I realize that this "thread is dead," but it is a good example of how quickly burnout can set in. Politicians use this well-known phenomenon to their advantage--they can wear us out. You are so right: "We just don't know." And why don't we know? Because "they" won't tell us. "They" don't want us to panic. "They" believe that "conservation" will solve the problem. We need a major study that quantifies the relevant elements in sufficient detail for replication and demonstration by both "them" and their critics. At minimum, such a report should include the actual capacity of the water storage system, including groundwater, and a sophisticated input-output diagram that anyone can understand. There are a number of elements that are avoided when the "experts" "testify" (of COURSE they aren't under oath!) before the public. Evaporation from surface waters. The actual reduction of evaporation by million of dollars of plastic balls that are claimed to reduce evaporation, the the theoretical foundation for their function--and how the two compare. (I suspect that evaporation might be higher with the balls, but can't find any real evidence or sound theory either way--my theory is that the effective surface area of the water exposed to the forces that induce evaporation will be increased, not decreased. "They" might be right about a reduction of algal blooms [eutrophication], but as they are driven primarily by nutrients like phosphorus and nitrogen, I harbor some doubts about that too.) More later . . . perhaps.— August 24, 2015 5:34 p.m.
Banned boy of business talk radio
Oh, do you mean those piggy's attached to drones being delivered by those one-breasted wimmen?— August 24, 2015 1:42 p.m.
Ex-CPA Anton Ewing visits familiar grounds: court
Looks like we've lost BauderisDishonest. Pity.— August 24, 2015 1:24 p.m.
Banned boy of business talk radio
Re: Ponzi Aug. 23, 2015 @ 2:53 p.m. First, my dear Ponzi, I am far more interested in your ideas than Murray's. Second, Murray made the same error as Hobbes when he correlated low intelligence of black people with their skin color or "primitiveness," presuming that their lives were, or would be, " . . . solitary, poor, nasty, brutish, and short." Both of their "researches" were hokum, restricted to presumptions not in evidence and/or ill-controlled "experiment." Both jumped to unwarranted conclusions and failed to lay solid foundations under their speculations drawn from faulty statistics and assumptions. From the sparse exposure I have had to Murray (via TV), I did not get an impression of a Great Intellect, but more of an emotion-driven personality cloaked in pseudo-intellectual clothing and a veneer of contrived "calm" common to narcissists. I could, of course, be quite wrong about this, because to assume so would place me in the same class as Hobbes and Murray. But rightly or wrongly, I am not tempted to suffer the indignity of being sent to the library in the midst of a discussion or debate--I have too much respect for my adversaries and colleagues than that. This is not that I do not believe that this culture is not coming apart, yea, I agree that society (in the sense of a cooperative rather than a competitive impulse at root) is being displaced by a culture that knows no limits and therefore must come apart. I also agree with the concept of "By the People: Rebuilding Liberty Without Permission," but as I would not be a slave to a Democrat nor a Republican, neither would I be a slave or master to Libertarians. As to the cognitive elite, I fear they suffer from the same sort of dissonance. Yet I must admit that the increasing presumption that institutions of higher learning are to be profit centers lends emphasis to your (Murray's) argument as stated. I also agree that injustice system is lawless, but I also see inherent flaws in the rule of law. Yes, it is worse and growing more so, but it was seriously flawed before. The drawbridges are going up and the moats are deeper and more deadly, and the government (or just about any other adolescent) is capable of taking any one or all of us out with a mouse-click. Tw— August 24, 2015 1:20 p.m.
Banned boy of business talk radio
Thank you for the well-considered and informed response. Tw PS: I ain't seen no pigs flying lately.— August 24, 2015 10:27 a.m.
Banned boy of business talk radio
"I don't think wealth and income should be equal among all categories of individuals. That's communism, and even communist societies such as China don't practice it. I believe that for our own economic salvation, we have to lift up the middle class, partly by heavily taxing the superrich. Best, Don Bauder" Once people were social (from the Latin, socius, meaning partner, cooperator). They realized that a social species succeeds by cooperation, and initially hoarders and other “individualists” were cast out of the group if they failed to share. Even capuchin monkeys do this. But we have largely SOLD this birthright for a mess of pottage we call capitalism, fascism, communism, etc., “isms” that are really a lot of hype designed to suck in the suckers who will subordinate themselves to a central authority. But when we stopped roaming and started settling, we initiated a trend toward institutionalizing centralized hoarding, and were even conned into worshiping the hoarders. (This goes on and on, but I feel merciful today, so will spare you the tangles in the web we have wrought into a confining cocoon for ourselves.) But the instinct for cooperation will not die. In fact it both draws us together and confines us to corporate systems that robs us of our minds whilst using them—ONLY for corporate purposes, and frees us to a limited extent when we “rave.” But even the Burning Man has become a commercial enterprise, limited only to those who subscribe to anachronistic ceremony that clouds our minds rather than giving them the promised deliverance into a world transformed back into a giving way of living. The irony may come to be more widely recognized, but the tiny fragment that survives and opts for substance over ceremony, may yet deliver on its latent potential. Tw PS: Were the one percent any less wealthy when they paid a tax rate of 90%? Was their tendency to be robber barons adversely affected? Were they reluctant to "invest in America? Were they stimulated to "invest" more, or less?— August 23, 2015 12:26 p.m.