Category: politics

Monday, 20 February 2012

08:38 – We did have a pretty nasty evening and night. Sleet turning into snow, a stiff breeze, and wind chills down at one point into the single digits Fahrenheit. Fortunately, it had been pretty warm for several days prior, with temperatures in the 60’s (~ 20C), so the ground and roads were warm enough to melt off the accumulated snow overnight. This morning I’m sure there’ll be glare ice on bridges and so on, but the effects of our Great Blizzard of 2012 should be gone by this afternoon. Colin loved it. It was the first time he’d seen snow. He was running around, digging his snout in and grabbing mouthfuls.

We got a lot done yesterday on the biology kits. If Barbara and I work full-time for the next couple of weekends, we’ll be ready to start assembling and shipping the first batch of 60 biology kits. Several people here have emailed me to ask about availability. I’ll post a heads-up here ahead of the general announcement to make sure my readers here get the first shot. We have no idea how long the first batch of 60 kits will last. They may sell out the first day, or it may be a week or a month.

The financial markets are awaiting the results of the big eurogroup meeting today to see if Germany cuts Greece loose or puts up sufficient money to keep things dragging on for a few more weeks. Ultimately, it doesn’t make any difference. Greece is toast. Everyone knows that, including the Greeks. Merkel is inclined to keep things going for a bit longer, but she’s facing considerable opposition in Germany, including from within her own party.

The problem is, it’s not a question of allocating just $20 billion or so to prevent Greece from defaulting on 20 March. The way things are structured, the eurogroup would have to commit $100+ billion immediately, of which Germany would have to commit the largest share. With the IMF backing away, agreeing to commit only about 10% of the total (versus about a third for earlier bailouts), and with Greece’s economy continuing to tank big-time, the eurozone governments will have to commit much more than originally planned. Regardless of what Merkozy think should be done, they both have their voters to worry about. German and French voters have had enough, long since, and there’s only so far that Merkozy can push.

My guess is that today’s meeting will end in “success”, with an announcement that the new bailout has been approved and that Greece has substantially complied with the requirements. The markets will rejoice. But then everyone will notice that Greece has no chance of meeting the conditions attached to the new bailout, and we’ll be back to where we were, with Greece teetering for a while longer before it actually falls into the abyss.


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Monday, 13 February 2012

09:44 – If you needed any more evidence that cats are evil, go read this. Yes, it’s true. Cats are responsible for most of the evils in the world. They carry a hideous infection that is almost impossible to treat and severely affects the functioning of the brains of people who are infected with it. (Most liberals suffer from toxoplasmosis. I am entirely serious about this. If they weren’t infected, they probably wouldn’t be liberals. If you’ve ever wondered how liberals can be so clueless, now you know.)

This is why I won’t let Colin catch cats. If you see a cat, do the world a favor. Shoot it and burn the corpse. Seriously. And don’t let your dog catch one, unless you want your dog to vote for Obama.


The Greek Kabuki theatre continues. Everyone, including Greece, knows that the EU, which is to say Germany, has already written off Greece as unsalvageable. Germany’s only concern right now is to minimize the cost of this mess for Germany. At this point, Germany and the rest of the EU are pretty confident that they have in place what’s necessary to prevent a Greek default from toppling the rest of the southern tier eurozone nations. (They’re wrong, as they’re about to find out.) So, smart money is now betting that Germany will allow Greece to collapse on 20 March, confident that the collapse can be contained to Greece. The only reason this may not happen is that Germany may still decide to buy a little more time to shore up its defenses, although the cost of doing so is extremely high. Greece, of course, is doing what it’s done all along; promising anything to get more loans, with no intention of even attempting to meet its commitments. Germany, of course, knows that Greece will promise anything to get more loans, but has no intention of even trying to comply with the loan conditions.

A year or so ago, I compared Greece to the sheriff in Blazing Saddles, putting his own gun to his head and threatening to shoot himself if everyone didn’t back off. That’s exactly what Greece has been doing for the last year, threatening to commit suicide and drag the rest of the eurozone down with it. But Germany has finally had enough. Merkel’s message to Greece is now, “Go ahead and pull the trigger. We’re better off without you anyway.”


I think I’m going to go ahead and sign up for Amazon Prime. For $79/year, it’s just about a no-brainer. Not only do we buy a lot of stuff from Amazon that we could be getting free 2-day shipping on, but there’s that one free ebook a month and the streaming videos to sweeten the pot. I’ve been checking lately, and a lot of stuff that Netflix has only on DVD, Amazon has streaming.

Speaking of Netflix streaming, we just bagged MI-5 (originally Spooks). It was supposed to be excellent, but it’s actually crap. Bad writing, bad acting, bad everything. We suffered through 10 or so episodes, hoping that it would get better, but it was actually getting worse. We bagged it in the middle of an episode last night. The MI-5 crew was attempting to deal with a dirty bomb going off in London. Except that it wasn’t a dirty bomb; it was a nerve gas release. Sitting there listening to the pseudo-scientific crap finally did it for me. Were you aware, for example, that VX nerve gas takes 1 to 2 hours to disable the victim (actually, it’s more like 15 seconds to a minute before loss of consciousness)? Or that the antidote is atropine (true, in combination with 2-PAM and a sedative) injected directly into the heart(!)? Or that 10 kilograms of VX released in London was sufficient to kill everyone in southeast England (actually, if it was distributed as an aerosol it might kill everyone within a few hundred yards downwind, not that a terrorist bomb is likely to produce an aerosol effectively.) I could deal with the scientific bogosity, but that in combination with sloppy writing and the actors chewing the scenery was just too much to tolerate.

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Thursday, 9 February 2012

09:56 – The situation in Greece would be funny if it weren’t so serious. Right now, the Greek government and the Troika are arguing about trivial issues like cutting 15,000 government employees. The Troika surely must know that that’s a drop in the bucket. Even to get a start on solving the problem, Greece needs to cut literally 100 times that number of government employees.

Everyone is fully aware that cutting 15,000 employees won’t even begin to make a start, but the Greek government is also fully aware that cutting even 15,000 government employees is likely to lead to riots and possibly a full-blown revolution. For a decade now, Greeks have gotten used to an unsustainably high standard of living, subsidized by cheap loans that there was never any prospect of them repaying. Now that the tap has run dry, Greece is going to have its standard of living cut in half, it it’s lucky. That’s what happens when, for a decade, a country consumes twice as much as it produces. Eventually, other people get tired of paying for it.


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Tuesday, 7 February 2012

09:27 – The biology book is complete and off to the MAKE production crew. We’re finished with it, other than a QC pass or two, where we’ll do a quick check of the PDFs before the book actually goes to the printer. Amazon says the book will be available on 22 April, and I suspect that’s pretty accurate.

I’m off now to finish putting together purchase orders for the biology kits and more chemistry kits. Once I get those issued, it’ll be back to work on the forensics book re-write.


I see that there are Greek riots scheduled for today. Merkel cut Greece loose months ago, and it’s finally coming home to roost. As I predicted months ago, that 30% “haircut” for Greek bondholders turned into 50% and now appears likely to reach 80%, nominally. In fact, as I said, it’s actually going to be a 100% writedown, as Greece rapidly heads toward complete bankruptcy, with Portugal not far behind and Spain and Italy in the on-deck circle. The dominoes are starting to topple.

The fallout from the collapse of the euro isn’t likely to affect the US as deeply as some people seem to fear. US banks have very limited exposure to European debt, and exports to Europe are a fairly minor part of overall US production. Although clearly the exposure varies from state to state, on average US states probably do less than 2% of their business with Europe. Even if that disappears entirely, which it obviously won’t, the impact on US businesses will be relatively minor. The same can’t be said for China, however. China, which is leveraged out the wazoo, exports a large percentage of its overall production to Europe, and that export business is declining fast. That loss is already approaching levels that are catastrophic for China, and it looks like it can only get worse. Expect to see Chinese goods get cheaper as China tries desperately to keep exports up by increasing volumes to the US.

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Saturday, 14 January 2012

09:36 – S&P downgraded the sovereign debt of France, Italy, and Spain yesterday, but that may turn out to be yesterday’s second most important eurozone development. Of course, everyone is focused on upcoming debt auctions by those countries over the next two or three weeks, at which they can expect very high yields and very low bid/cover ratios, but the really significant euro news yesterday was the collapse of negotiations on Greek debt.

The “troika” insists on PSI (private-sector involvement), which means there won’t be any more bailout money for Greece unless private investors “voluntarily” agree to a “haircut” (write-down) on the Greek debt they already hold. Yesterday, hopes of that pretty much disappeared. The group representing private investors basically told the troika to get screwed. Why should they take any loss at all? If Greece formally defaults, the credit-default swaps that the private investors hold become payable, and those investors walk away with 100% instead of 50% or less. Of course, there’s also a very high probability that a formal default by Greece causes the collapse of the euro and the eurozone, with Italy, Spain, and the rest toppling like dominoes. As of now, there’s no more bailout money in prospect for Greece, which has debt coming due in a few weeks and no way to finance it. A so-called disorderly default looks almost certain, after which everything quickly unravels.


Yesterday, I decided to do a complete reorganization and rewrite of the final lab session. I had intended to focus that session on vertebrate organs and organ systems, but I finally realized I was trying to cram an entire anatomy book into a single lab session. So instead I’ve repurposed that lab session around an exploration of tissue types, which will of course also touch on numerous organs and organ systems. So, rather than finishing the session today as planned, it looks like it’ll take me a couple more days.

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Friday, 13 January 2012

08:06 – Friday the 13th falls on a Friday this month…


FexEx showed up yesterday with a couple thousand polyethylene dropper bottles, 100 dozen 15 mL, 50 dozen 30 mL, and 20 dozen 125 mL. With what I already have on hand, that’s sufficient for the first batch of 56 biology kits. We’re still debating how many biology kits to stock pending publication of the biology lab book. We want to strike a balance among timely delivery, working capital allocated to inventory, storage space for finished-goods inventory, and freshness of the kits. I have second sources (and usually third and fourth sources) for all of the components, so back-ordered components shouldn’t be a problem. Working all-hands-on-deck, we can probably build and ship 100 kits a week, so if there’s a real flood of initial orders we should be able to keep up with only short shipment delays. I hope.


Work continues on the final lab session. I’d planned to finish it today, but it looks like that’s not going to happen. I should be able to finish it over the weekend.

One of the first things on my to-do list after I get this book complete is to upgrade my main office system. I am running, believe it or not, Ubuntu 9.04. It’s just short of three years old, and even security updates were discontinued long ago.

The problem was again made evident yesterday. My Epson V300 scanner arrived on Wednesday, so yesterday when I decided to take a break I figured I’d set it up and see if it worked. It didn’t, of course. It required newer versions of some system utilities, and those simply aren’t available for Ubuntu 9.04.

So, come 1 February, I’m going to back up all my stuff, pull the current system drive, pop in a new 3 TB Barracuda, and install a current Linux. The question is, which one. I’m pretty sure I don’t want to install the current Ubuntu, which by all accounts has completely gone off the rails. I’m thinking about installing the current Kubuntu, but I’m certainly willing to consider alternatives. What I want is a good desktop Linux, ideally one that’ll recognize my scanner and other stuff automagically and Just Work. Same deal on stuff like networking my system to Barbara’s and the den system. So, which is the best desktop Linux out there?


14:19 – Oh, boy. S&P is getting ready to downgrade the sovereign debt ratings of France and Austria. For Austria, no longer being AAA will be annoying but not critical, at least for the moment. For France, losing its AAA rating is catastrophic. France now officially joins the rest of Club Med. And the FANG nations are now the FNG nations.

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Wednesday, 28 December 2011

08:45 – I see that Italy is delighted with the “successful” results of its bond sale. The first headline I read claimed that Italian bond yields had fallen to half what they had been at the most recent previous sale. Well, yes, but only on short-term paper, much of which was probably sold to local investors. The yields on benchmark 10-year bonds, which are what really matter, were still at a disastrous 6.7%. EU authorities were hoping that much of the flood of cheap money made available to EU banks by the ECB would be invested in long-term southern periphery bonds, driving down their yields. That didn’t happen, and no one except the clueless EU leadership expected it to.


13:18 – Someone asked me if I expected significant developments in the Euro crisis imminently. I won’t say that I “expect” it to happen in the next few days. There’s simply too much I don’t know and that, in total, no one person knows. I will say that if I were Greece and knew I would have to default in the near future, this week would be the optimum time for doing so. Financial markets are lightly staffed and a holiday is coming up. The ability of the markets, other governments, banks, bank depositors, and companies to react will be minimal from Friday through Tuesday, which would give me my best chance to implement capital controls, airport and bank shutdowns, and so on with maximal effect and minimal risk of interference. If I were doing it, I’d time it for late Thursday night or early Friday morning local time, or possibly late Friday evening/early Saturday morning.

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Friday, 16 December 2011

09:30 – Hmmm. The (French) head of the IMF now says that the rest of world has to bail out the eurozone if a world-wide 1930’s style great depression is to be avoided. Fortunately–with the exception of Russia, which has agreed to kick in a few billion–the rest of the world has basically said NFW. The UK’s share was to be about $40 billion, and the UK has already announced that isn’t going to happen. Same for the US and China, which have ruled out paying to bail out a group of nations that’s perceived as being capable of paying the costs itself if only they were willing to do so.

What’s unavoidable is that standards of living are going to be going down in Europe. Way down. The eurozone nations have been on a borrowing and spending binge for many years. What’s worse is that their current debts, as horrendously high as they are, pale in comparison to their unfunded liabilities for pensions and medical care. All told, Europe is looking at a real debt load of something like $100 trillion. With a T. As I’ve said, we’re watching the collapse of the European welfare state. That won’t be pretty, as people who expected to retire in their 50’s or early 60’s with full pensions and free health care learn that those pensions won’t be paid–or, if they are, they won’t buy a cup of coffee–and that free health care won’t be available. The riots and firebombings we’ve seen so far will seem mild compared to the social unrest we’ll be seeing over the next decade or two. It’s not exaggerating to predict a coming Europe-wide revolution as the EU breaks up.

The UK would do well to distance itself as soon as possible and as much as possible from the EU, starting by withdrawing from the EU itself. The cost of doing so would actually be negative. Any additional trading costs involved in imports from and exports to the EU under WTO rules rather than EU rules would be much more than offset by the elimination of the net direct subsidies the UK pays to the EU, not to mention the indirect and largely invisible subsidies that result from EU regulations that are not in the interests of the UK. The UK is in terrible shape economically, but it’s nothing compared to the terminal economic condition of the rest of the EU. Cameron and his Tories need to get the UK out of the EU before the EU drags them further down. And he has the support of British voters, the majority of whom now favor withdrawing from the EU.


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Tuesday, 13 December 2011

07:56 – EU officials announced yesterday that they would make Britain suffer for vetoing their planned power grab. “Nice little financial services sector you have there. Be a shame to see anything happen to it…” Meanwhile, the markets are treating the results of that failed summit last week with the contempt they deserve, and the ratings agencies have said outright that nothing significant was decided at that summit, so they plan to go on with their review and likely ratings downgrades. And yields on Italian and Spanish bonds have again climbed into the unsustainable range after only a couple days in the sub-6% range. Merkozy must be getting very frustrated that nothing they do fools the market into doing what they want it to do.

Work continues on the biology book, and stuff for the kits is starting to arrive. I now have a good supply of carrot seeds for one lab session and of lima bean seeds and rhizobium innoculum for another, probably enough of each for 100 to 200 kits. That was the last of what I needed for the biology kits. Once I finish writing the book, I’ll put together the first batch of biology kits, probably only a dozen or two to start. That’ll let me work out packaging, subassemblies, assembly order, and so on. Then I’ll go to work on the forensics kit and manual.


11:28 – Now here’s an interesting site. It’s currently tracking about 53 million users, 113,000+ torrents, and about 2 million files totaling more than 106 TB. Alas, when I visited the site, the only thing it could tell me about my own torrent usage was: “Hi. We have no records on you.”

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Saturday, 10 December 2011

09:22 – Well, this latest summit was widely considered to be the last chance to save the EU and the euro. Instead of concentrating on the immediate crisis and coming up with measures to address it, the participants focused on how to avoid future crises, doing essentially nothing to deal with the current mess. They fooled no one, nor was their attempt to make the UK the scapegoat successful.

Nor was there any sign of their so-called “big bazooka”. I was about to say “stupidly-named big bazooka”, but in fact it’s well-named when you think about it. Ordinarily in a situation like this, people talk about bringing out “the artillery”, crew-served weapons that fire large and effective charges. A bazooka was a personal weapon that fired a small and usually ineffective charge, which makes the comparison exact with what the EU had done to date. They’ve essentially lined up to piss on a 5-alarm fire, and nothing decided at this most recent summit changes that.


One of the reasons we redesigned the latest batch of chemistry kits was to allow them to fit into a USPS priority mail large regional-rate box rather than the priority mail large flat-rate box we’d been using. The large regional-rate box is just enough smaller than the large flat-rate box that the earlier version of the kit wouldn’t fit.

The upside to the change is that we expected it to reduce shipping costs. The large flat-rate box costs $14.95 to ship anywhere in the US, including Alaska and Hawaii. The large regional-rate box costs anything from $5.81 to $14.62, depending on the destination.

So, yesterday I drove out to the post office to mail the first batch of the kits in regional-rate boxes. When I got to the counter, the guy told me that the USPS didn’t offer counter service for regional-rate boxes. He could still ship them, but he’d have to charge me standard priority mail rates according to the weights and destinations of the boxes. If I wanted the regional-rate postage rates, I had to generate the label on-line with postage. Crap. I’d never been able to get the USPS Click-N-Ship web site to produce a label. When I tried to produce a test label, the site just went into an endless loop.

After he weighed the boxes and told me the postage cost for each, I told him I didn’t have any alternative, so to go ahead and ship them. The postage costs were all over the place, but all were higher than they would have been for regional-rate. For example, one box going to Pennsylvania would have been $6.88 under regional-rate postage but ended up costing $10.95 under standard priority mail rates. Another, going to New Jersey, would have been $8.06 regional rate, but cost $12.40 at standard PM rates. Another, going to New Hampshire, would have been $10.51 regional rate, but ended up costing $17.45, which is actually more than the large flat-rate box would have cost. And so on.

I drove home fuming, because I’d seen nothing anywhere on the USPS site that mentioned that local post offices don’t accept regional-rate boxes at regional-rate postage rates. So I spent a while looking around the USPS site, and finally found one place where it does mention that. Otherwise, I’d have fired off a nasty email to the Postmaster General. I may do that anyway, because the notice is extremely easy to overlook. Most people who’d used Priority Mail flat-rate boxes would probably assume, as I did, that if the USPS accepted flat-rate boxes at the counter they’d also accept regional-rate boxes.

But the story does have a happy ending. I’ve made my last trip to the post office. While I was on the USPS site, I decided to try once more printing a sample Click-N-Ship label. This time it worked. Apparently, even though I had the latest available Linux version of Adobe Reader installed, it wasn’t compatible with the USPS web site. I got rid of Adobe Reader and just used a native Linux PDF reader, which worked fine.

So, no more carrying boxes out to the post office to ship them. USPS will pick them up at my front door. Printing labels and postage on-line also provides a discount over the rates charged at the counter, even for flat-rate stuff, and they include delivery confirmation for free. It’s a no-brainer to use the on-line service, and I would have been using it all along if I’d been able to get it to work.

With the USPS pushing so hard to get people to buy postage and print labels on-line, I have to wonder if this is part of a larger plan eventually to eliminate local branch offices. When you think about it, there’s not really much need for them, and they are extremely expensive to operate both in terms of staffing and facilities costs. There are all kinds of places that rent PO boxes. You can buy stamps at Costco. A huge percentage of mail volume comes from corporate mailers, who don’t need the services provided by local branches. Closing all of those local branches and firing the staff would go a long way toward putting the USPS on a sound financial footing.


10:47 – The Open/Libre Office standard dictionary never ceases to surprise me with what’s included and what’s not. As I write the biology book, I’ve had to add a large number of pretty common scientific terms to the dictionary, so I’ve gotten used to it. But today I typed the phrase “monocotyledonous or dicotyledonous”, fully expecting to see squiggly red underlines for both words. Nope. Both were already in the standard dictionary.

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