Go to this Blog post by Gene Logsdon and look at the picture. Then go for a drive in the country and look at the pasture that the cows are eating on. It makes Logsdon’s argument for him.
Real Pasture
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Category Archives: Front Page
The FDIC is about to get its first real test
Don’t have time to write more at present. Read this for a good overview.
You have to admire the Chinese's sense of style Part II
Don't Go To New Jersey
This would just be silly if it were not for real…..
Caught speeding in Highland Park in April in his father’s Acura RSX, Ryan Narciso found out the hard way about a recent change in a New Jersey gun law that could send him to prison for three years.
The 20-year-old sales clerk at a shop at Menlo Park Mall and former Middlesex County College student had a pellet handgun in the car, according to an indictment filed last week in Superior Court, New Brunswick.
The gun, a Gamo P-23, was sitting under the rear window of the 2004 coupe. Looking like a larger-caliber handgun, the firearm drew a quick response from the bicycle-patrol officer who stopped Narciso for doing 40 mph in a 25-mph zone. With gun drawn, the officer arrested him.
Narciso’s father, an architect, bought the pellet gun at a garage sale a few years ago to fend off squirrels that made their way into the attic of the families home on Mount Pleasant Avenue in Edison, the father and Narciso’s lawyer, Amilcar Perez of Perth Amboy, said.
Under a new state law, Narciso’s possession of the weapon qualifies as a Graves Act offense. Narciso could face what prosecutors and criminal defense attorneys call a “hard three,” meaning three years with no prospect of parole.
All this trouble because New Jersey defines an air gun as a firearm. What part of fire don’t they understand? With reasoning like this, it is only a matter a time before they start arresting people for firearm violations because they have a pocket knife in their pocket.
This Reason article has the explanation of how New Jersey defines a fire arm in the comments section.
Pixar's Latest Short
Even if Wall-E happens to be a disappointment, you can always buy the DVD for the new short film, “Presto”.
Will GM go bankrupt in the next 2 years?
As of June 30th, GM slipped beneath $20 billion in remaining cash assets but is burning $17 billion per year. In other words, GM probably has just 9 to15 months of life left, at the most. And if I were one of GM’s creditors, I’d prepare to swoop in and call all my loans after Congress goes on holiday break shortly after the election. No one will be able to stop it and GM will be history. And the lenders will still only get pennies on the dollar for each dollar they loaned.
I am not sure where this gentleman gets his figures from. Best I could tell from a quick search no one else is using them at the moment. But it could be he has a more updated source then I have.
At any rate, there is no doubt that a lot of mainstream forecasters have started worrying about GM going bankrupt. And lately, when mainstream forecasters start worrying about something, it means that it is a sure thing.
Poem of the Week: 7/6/08-7/12/08
This week’s essay of the week made me think of this song from Bob Dylan.
Rant of the Week: 7/6/08-7/12/08
This rant names and shames the French journalist who railed around a story they knew to be false to protect a friend.
Essay of the Week: 7/6/08-7/12/08
Bringing Down Bear Stearns is an essay that claims to tell the story of Bear Stearns last days. Some parts of it are a little dubious, like the repeated hints that Bear Stearns demise was all due to the work of some evil short sellers. Once you read the article all the way through, you get a sense of a how fragile Bear Stearn’s position was and it makes you doubt that anyone would have had to deliberately do it in.
Nonetheless, the article makes for a great read once you get past the rather slow beginning. Some of the anecdotes in the article will fill you will unholy glee such as when you read about the Bear Stearns traders grousing about the risk adverse nature of Warren Buffett. Other anecdotes will make you wonder how independent the Federal Reserve really is. One gets the impression that Paulson was calling a lot of the shots for the Fed.
What a way to rob a truck
The men, all Romanians, raided trucks driving down motorways by climbing into the back from the bonnet of a car driven to within inches of the vehicles, at night, with their headlights off, and at speeds of 80 to 90 kilometers (50 to 60 miles) an hour.
“One of them climbed out of the side window of the car onto the bonnet, climbed onto the truck, broke the lock, stole goods such as laptops and mobile phones out of the back and got back in the car, all while they were driving,” Manfred Radecke, spokesman for the police in the western city of Dortmund, told SPIEGEL ONLINE.
For those that don’t know, the bonnet is what we in America call the hood of the car.