Recent submissions

Comment · 8 years ago
Hmm... flags and more down-votes, but still no counterarguments or questions. (Dang, what's up with that?)

Anyway, here's a September article from Axios entitled, "The Trump administration's secret anti-China plans" https://www.axios.com/trump-administration-anti-china-campai...

From the article: "The broadside against China — which is planned to be both rhetorical and substantive — will be "administration-wide,"" [emphasis added] ""The push is coming from the national security apparatus," the source added."

Personally, I hope no products are compromised, ever. That's probably not the case, and either way, the average person won't care much in the short term. Busy w/other stuff, they probably don't remember this story today, if they even heard about it. Businessweek is, after all, a business magazine targeted at a pretty specific audience.

As for whether Bloomberg's story is part of a wider campaign, I don't know and don't believe I've said otherwise. It doesn't really matter to me, as I know that a game is on and that it isn't unreasonable to use such a story while playing. I've seen and heard all sorts of curious things in the last few years. Nothing about today's environment tells me that I'll have fewer such occurrences.

Toodles, kids.

Comment · 8 years ago
+1 for the Bernstein ref. Had it mind, but couldn't remember the deets.
Comment · 8 years ago
Ah! Someone gets it.
Comment · 8 years ago
Seriously, how is a public SEC investigation going to benefit the "integrity" of the system and "inspire confidence among investors"?

If the story is both fake and some grand market manipulating plot, most people involved are 1) going to hope that the public forgets that this story ever was; and 2) deal w/this privately.

But since some clearly disagree, I eagerly await your well-informed case.

Comment · 8 years ago
Comment · 8 years ago
Comment · 8 years ago
> But isn't the IRS knocking in a few years better than the IRS knocking THIS year?

This depends on the penalties that the Service/Treasury aims to collect and their ability to tie-up and/or seize one's assets.

Comment · 8 years ago
I don't think that such results qualify as unintended consequences. I somehow ended up attending a meeting at Treasury on some existing tax credit program. Other than me, everyone attending seemed to be some sort of insider and nearly everyone seemed to know each other.

So, to my way of thinking, an unintended consequence would be some no-name schmuck being the one to systematize and beat the known quantities at the game. (IMHO)

Comment · 8 years ago
> Taking the wording of both of these provisions at face value

I hope we can both easily agree that law should (almost) never be taken at face value. In my professional experience, the words mean what they mean until they mean something different.

Comment · 8 years ago
I see some people lack a sense of humor and/or that a 'truth' perhaps cuts too close to the bone.
Comment · 8 years ago
Au contrair. mon ami. Office workers are busy keeping themselves in the office, which means that the vacation spots, and such are riffraff-free for their betters until the next major holiday break. That's quite useful.
Comment · 8 years ago
> * Why does anyone in an office put up with it??*

The "prestige" of not being, ahem, blue collar.

But to be fair, there are some things in life from which you and/or one's offspring will/would be locked out if one's money comes from the wrong place(s). That said, this doesn't apply to most people. So, see my initial sentence.

Comment · 8 years ago
> is it actually good?

While it may be, I found it difficult to get into. I felt like I was reading a long rant that was peppered w/ interesting facts here and there. I put it down years ago with the intent to try again. I've not gotten back to it yet.

A book I recommend that does touch on the S&L scandal is Lying for Money (Dan Davies). The Outlaw Bank (Beaty & Gwynne) was also an awesome read.

As for the greater topic of white collar crime, it's a key ingredient of the cake, forever to be baked in. My professional advise to folks is simply to be aware of that and act accordingly. Can't say much more than that on the matter.

Comment · 8 years ago
Again, not involved in the selection process but...

What if a candidate's race results in him/her being placed in a 'race' pool? At that point, one's race doesn't help or hurt.

Then once the pools are formed, one starts looking at the #s. I'd wager that lots of European(-Americans)/"Whites" apply. So that pool = competitive.

The Asian(American) pool, lower #s, but higher than the groups not yet mentioned, and thus = competitive.

Probably few "Black" applicants, same w/ "Hispanic", and since Senator Warren is a topic of conversation, absolutely the same w/ "Native Americans." (BTW, I hate using these race terms.)

Then start thinking about who did (didn't apply) and why (self-selecting). Anyway, if we assume that many of the "Asian" applicants are "model minorities" who have been driven by their parents to, well, be model, the Asian pool is going to be ultra-competitive academically. (Wish I knew how to play w/ formatting here, because I want to highlight 'academically'.) So all that happens there, is that they've gone all cut-throat on each other because they're still in the "Asian" pool. Anyway, the argument could then be made that it was simply the numbers and competitiveness of the applicants (which I believe is always stated in the ding letters) that results in getting rejects getting dinged, not their "race".

Anyway, the factors that make different candidates desirable are, as previously stated, 'complex'. But people who want to figure it out can with some digging and quite a bit of logic. These places are not bastions of altruism. They're businesses and extensions of "things". The schools admit the applicants who they think will best serve their purposes. Take a look at the range of characters who have attended their various programs.

As for Affirmative Action, again, people would be wise to do some research. Ira Katznelson has an interesting book on the development and implementation.[1] Admittedly, the title may seem inflammatory so some, but it isn't entirely wrong and was given to him by another "White" guy who's currently at a DC think tank founded by a 'Republican'. It should also be said that there are many "Black" people who would be happy to see AA done away with because it has essentially been used to benefit everyone but them, even though it was written (supposedly) exclusively to benefit African-Americans. But this would be an even longer conversation that then reaches back into how and why "Asians" came to be the "model minority", and whether or not the achievements that another poster mentioned here are actually solely their own, etc. All stuff I'm not really interested in doing here now, or have done a bit of in related past posts.

Anywho, thanks for following up, and all the best.

[1] http://www.historyandpolicy.org/policy-papers/papers/when-af...

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