Gyroscopic Investing

sophie wrote: ↑Thu May 07, 2020 5:16 pm Biggest example of all: the lockdowns which will decimate blue state budgets. Let's see what happens with Georgia and Sweden, but I would bet not a lot. It is just as likely that the hospitalizations are slowing down because there's already herd immunity building up in NYC, with a quarter of us already showing positive antibodies. And NJ cases are continuing to increase DESPITE the lockdown in that state, which as a result has no end in sight.

Also, I hate to say this out loud but...COVID may be Nature's way of saving Medicare and Social Security. A lot of medical expenses now, sure...but less later.

Per figures from the Empire Center (based on Census data for 2017), New York spent $23,091 per student on K-12 education, versus a national average of about $12,000. But don’t worry, New York City spends way more still, at about $28,000 per student annually. The premium spending basically goes to higher salaries, fatter pensions, and lots more administrators than they have in other jurisdictions. Nobody in New York would ever suggest bringing our school spending in line before asking the rest of the country to pay for it.

dualstow wrote: ↑Wed May 06, 2020 12:03 pm https://twitter.com/suprstores/status/1 ... 37760?s=20

Tortoise wrote: ↑Thu May 07, 2020 6:37 pm

dualstow wrote: ↑Wed May 06, 2020 12:03 pm https://twitter.com/suprstores/status/1 ... 37760?s=20

By the way, DS, watching this TV show clip ruined my day yesterday. So thanks for that.

dualstow wrote: ↑Thu May 07, 2020 7:04 pm

Tortoise wrote: ↑Thu May 07, 2020 6:37 pm

dualstow wrote: ↑Wed May 06, 2020 12:03 pm https://twitter.com/suprstores/status/1 ... 37760?s=20

By the way, DS, watching this TV show clip ruined my day yesterday. So thanks for that.

Without clicking, I don’t even remember what it is- oh, right, the headgear. That was weird.

Kriegsspiel wrote: ↑Thu May 07, 2020 7:36 pm

dualstow wrote: ↑Thu May 07, 2020 7:04 pm

Tortoise wrote: ↑Thu May 07, 2020 6:37 pm

dualstow wrote: ↑Wed May 06, 2020 12:03 pm https://twitter.com/suprstores/status/1 ... 37760?s=20

By the way, DS, watching this TV show clip ruined my day yesterday. So thanks for that.

Without clicking, I don’t even remember what it is- oh, right, the headgear. That was weird.

It seems that's just a real scene from an American TV drama. I had to watch it twice because I thought I missed the joke.

Kriegsspiel wrote: ↑Thu May 07, 2020 8:04 pm If the whole mask thing has taught me anything, it's that I can objectify women no matter how they're covering their face and/or hair. It would be a superpower if I lived in an Islamic country.

The 1619 Project’ Tells a False Story About Capitalism, Too
Writing in 1854, George Fitzhugh described slavery as ‘a beautiful example of communism.’

The progressive magazine The Nation published an open letter last month in which former members of the radical 1960s organization Students for a Democratic Society pleaded with a younger generation of leftists to support Joe Biden for president. The letter, titled “To the New New Left From the Old New Left,” warned that the re-election of President Trump would jeopardize “the very existence of American democracy.”

The signatories expressed fear that some supporters of Bernie Sanders, including members of the Democratic Socialists of America, would “refuse to support” Mr. Biden because they consider him “a representative of Wall Street Capital” — and therefore, in essential respects, not fundamentally better than Mr. Trump.

The letter was fair and sensible in its reasoning and right-minded in its conclusion. Given that the difference of a few thousand votes in states such as Michigan and Wisconsin might allow Mr. Trump to win a second term, a quixotic display of socialist principle in the 2020 election could have disastrous repercussions for the nation and the world.

Unfortunately, the letter’s fears were well-founded. The Democratic Socialists of America had already declined to back Mr. Biden. It has been joined in that refusal by Jacobin magazine, an influential publication among young leftists.

dualstow wrote: ↑Fri May 29, 2020 5:24 pm Sorry this is so big. I’ll resize it when I’m on the desktop.

B394C19A-3D65-4593-8C78-58CCA22F3713.jpeg

Police arrested the 36 on suspicion of trespassing, burglary, causing property damage, stealing and assault. They range in age from 17 to 36 but the majority of them are teens and people in their 20s.

Kriegsspiel wrote: ↑Wed Jun 03, 2020 5:14 pm

Police arrested the 36 on suspicion of trespassing, burglary, causing property damage, stealing and assault. They range in age from 17 to 36 but the majority of them are teens and people in their 20s.

"In a stunning development, our office has learned that every single one of the St. Louis looters and rioters arrested were released back onto the streets by local prosecutor Kim Gardner"
- Missouri Attorney General


link

Mountaineer wrote: ↑Sat Jun 13, 2020 6:29 am Common sense letter from a professor who can't attach his name to is and keep his job. It has been authenticated by professors at other universities, including Thomas Sowell, who received copies. Note that this appears on the Internet Archive, for it has been removed from where it was originally posted.


http://web.archive.org/web/202006111110 ... m/WBzAFDgA

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sophie wrote: ↑Sun Jun 14, 2020 11:01 am Mountaineer, thank you for this link. I've sent it to a few "safe" people who are also happy to read something sensible about this whole mess. It has been completely amazing to me how deaths of blacks who weren't killed by police are being totally ignored. Not to mention deaths of other crime victims. The degree to which this factually shaky narrative has taken over the groupthink is just shocking.

Mountaineer wrote: ↑Sat Jun 13, 2020 6:29 am Common sense letter from a professor who can't attach his name to is and keep his job. It has been authenticated by professors at other universities, including Thomas Sowell, who received copies. Note that this appears on the Internet Archive, for it has been removed from where it was originally posted.


http://web.archive.org/web/202006111110 ... m/WBzAFDgA

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Simonjester wrote: "a) that Berkeley would be able to fire a tenured black faculty member without a much better excuse than this letter,"
i doubt that.. Berkeley is the home of free speech... this would be a firing offense i am sure.. you could likely get canned for much less.. like mis-gendering someone..

i suspect it may be a fake for reason B) and also for reason C) it is not likely you would find a clear thinking tenured professor anywhere in CA, much less Berkeley, there is a strict diversity quota that prevents diversity of thought ... never get in the door, much less tenured..

sophie wrote: ↑Mon Jun 15, 2020 4:27 pm

Mountaineer wrote: ↑Sat Jun 13, 2020 6:29 am Common sense letter from a professor who can't attach his name to is and keep his job. It has been authenticated by professors at other universities, including Thomas Sowell, who received copies. Note that this appears on the Internet Archive, for it has been removed from where it was originally posted.


http://web.archive.org/web/202006111110 ... m/WBzAFDgA

.

Mountaineer, are you sure the letter is genuine?

It occurred to me that the author, if actually a history professor at UC Berkeley, could be identified with the info in this letter. I just pulled up the webpage with the Berkeley dept of history faculty, and there are two black members - both tenured.

I still agree wholeheartedly with the sentiments in the letter, but I highly doubt a) that Berkeley would be able to fire a tenured black faculty member without a much better excuse than this letter, and b) that either of them would publish this letter if they were genuinely afraid of that happening.

A new analysis by the American Enterprise Institute’s Ed Pinto and Tobias Peter also shows that the pandemic and riots appear to be driving more Americans to the suburbs. Over the last four weeks, home purchases (as measured by interest-rate mortgage application locks) in non-urban areas have increased by a third more than in urban areas compared to the same period last year.

Home purchases in the least dense ZIP codes of metropolitan areas increased twice as much year-over-year as in the most dense. Home purchases fell 6% in LA metro’s densest neighborhoods while increasing 36% in the least. There were also huge disparities by ZIP code density in New York (34% in least dense versus -1% in the most), Minneapolis (49% versus -14%), Seattle (26% versus 8%), San Francisco (26% versus 1%), Chicago (26% versus 10%) and Washington, D.C. (39% versus 13%).

There was less variation in Miami, Orlando, Atlanta and Dallas, which coincidentally or not had fewer violent protests.
...
Big-city progressive politicians have long treated businesses and taxpayers like ATMs to finance their public-union machines. But the pandemic has shown companies and employees that they can prosper working remotely. If this new urban exodus continues, cities like San Francisco, New York and Chicago are in for a rude fiscal awakening.

sophie wrote: ↑Mon Jun 22, 2020 10:23 am Another WSJ article predicting a combination of a reversion to the high crime era of the 1980s combined with the permanent expansion of remote work which will accelerate the exodus.

The only question is whether voters will wake up in time to stop it. This includes the working minority populations who know that their neighborhoods will be the first to descend into chaos. Also, as soon as people start to perceive that crime is increasing, the popular opinion will shift back to "we want politicians who are tough on crime". Remember how the Dukakis campaign was crushed by the ads about Willie Horton, and being labelled as "soft on crime" was a virtual political death sentence?

Hopefully, people will remember the past well enough that it won't be necessary to go through the entire cycle again.

https://www.wsj.com/articles/the-new-ur ... _lead_pos3

A new analysis by the American Enterprise Institute’s Ed Pinto and Tobias Peter also shows that the pandemic and riots appear to be driving more Americans to the suburbs. Over the last four weeks, home purchases (as measured by interest-rate mortgage application locks) in non-urban areas have increased by a third more than in urban areas compared to the same period last year.

Home purchases in the least dense ZIP codes of metropolitan areas increased twice as much year-over-year as in the most dense. Home purchases fell 6% in LA metro’s densest neighborhoods while increasing 36% in the least. There were also huge disparities by ZIP code density in New York (34% in least dense versus -1% in the most), Minneapolis (49% versus -14%), Seattle (26% versus 8%), San Francisco (26% versus 1%), Chicago (26% versus 10%) and Washington, D.C. (39% versus 13%).

There was less variation in Miami, Orlando, Atlanta and Dallas, which coincidentally or not had fewer violent protests.
...
Big-city progressive politicians have long treated businesses and taxpayers like ATMs to finance their public-union machines. But the pandemic has shown companies and employees that they can prosper working remotely. If this new urban exodus continues, cities like San Francisco, New York and Chicago are in for a rude fiscal awakening.