Friday, November 15, 2024

Observations and a very few comments

Some observations of Kevin Drum (CalPundit):

[ I've put the ones I found most interesting at the top of the list. ]

 

Generally speaking, the public can tolerate immigrant flows equal to about a quarter percent of the population. Above that, a backlash becomes more and more likely.
[ Where do we stand today? ]

Social Security can be made fully solvent forever fairly easily.
[ If you discount the fact that we have to get sufficient political support to do it. ]

The annual federal deficit is starting to look genuinely dangerous. Like it or not, we're going to have to raise taxes sometime soon, and not just on the rich.

Domestic discretionary spending hasn't increased in more than 60 years. It is currently below its long-term average of 3.8% of GDP.

On average, Black students graduate from high school at a 9th grade level in both reading and math.
[ Yet our Supreme Court says there's no racism anymore. ]

The life expectancy of the affluent (top 10%) is about 89. The life expectancy of the poor (bottom 10%) is 77.
[ This is hard evidence things are out-of-whack. ]

Half a century ago, corporate profits were about 10% of the economy. Today they're 14%.
[ And, even that isn't enough for the super-rich. They're all crazy. ]

To the extent that environment affects children's development, it's mostly environment outside the home: playmates, teachers, shop clerks and so forth. Parents have a good deal less influence than they think. Needless to say, most people resist this conclusion strenuously, but consider: do immigrant kids grow up speaking with the accent of their parents or the accent of their friends? It's always the accent of their friends.

 According to the Washington Post, a total of nine unarmed Black people were killed by police shootings nationwide in 2024 (through the end of October).

The United States is the greatest economic powerhouse in history and looks set to continue this for a while. It's genuinely mysterious why this is so.
[ It may have something to do with our long-term efforts to utilize the "30% environment" to improve our overall intelligence. ]

Tax cuts don't boost economic growth in any meaningful way.
[ But, tax increases can only go so far before they hurt growth. ]

Fear of losing status is a far greater motivator than the prospect of gaining status.

Of the top 50 software companies, 47 are American (22 in California). Roughly 21 of the top 25 AI companies are American.

Here's approximately how the federal budget breaks down (as of 2024):
     Social Security      = 22%,
     Means-tested welfare = 17%,
     Medicare             = 13%,
     Defense              = 13%,
     Domestic             = 13%,
     Interest             = 13%,
     Veterans             = 5%.

Fox News is a cancer. It should be burned to the ground and the earth salted behind it.
[ Maybe when The Onion and Sandy Hook families bought Infowars, that was a down payment. ]


Interesting:

93% of all abortions are done in the first trimester. 99% happen in the first 20 weeks.
[ Despite the numbers being based on real events, I'll bet people would fight over this. ]

Over the past half century, Democrats have been remarkably successful at building a durable safety net for the poor. We spend more than a trillion dollars per year on social welfare, and it raises the average income of the poor from about $25,000 to $50,000.

Roughly speaking, intelligence is 70% genes and 30% environment.

The real dietary villain of the modern era is refined sugar.
[ Refined grains enable our bodies to absorb carbohydrates more easily too. ]

In 2023, median family income in the US was $101,000. In 1980, adjusted for inflation, it was $70,000. In 1953 it was $40,000.

Among the non-affluent, college tuition hasn't risen over the past 30 years.
[ Yet, the need for an intelligent public requires that we continue to improve our educational system(s). ]

Crime didn't skyrocket in the '70s and '80s because of drugs or poverty or family breakdown. It skyrocketed because of an increase in lead poisoning that had begun decades earlier.
[ This means we can expect it to continue down to some flat-line level where it will stay. ]

Most people seem to have no idea what the racial makeup of America is. For the record, it's
     58% white
     20% Latino
     14% Black
      6% Asian

Millennials are doing fine.

It may turn out that social media is bad for teens, but so far the evidence is fairly thin. 

Always adjust for inflation. There are rare exceptions, but you're not likely to ever run into them.

Always disaggregate student test data by race. If you don't, you'll frequently get badly misleading data due to demographic shifts. Always disaggregate poverty data by age. If you don't, you'll be largely just capturing the reduction in elderly poverty thanks to Social Security and Medicare.

There is no retirement crisis.

The 2021-22 inflation surge was caused by the COVID pandemic and the bipartisan $2.2 trillion CARES Act. That's it. Nothing else had more than a minor effect.

Despite lots of publicity saying so, maternal mortality has probably not increased. It turns out this was just a statistical artifact.

During a pandemic, social distancing is good, but three feet is probably enough. N95 masks are beneficial, but other masks aren't.

The internet makes smart people smarter and dumb people dumber. AI will make smart people even smarter but will probably make dumb people a little smarter too.

On a huge range of measures—economic, social, cultural, technological, and recreational—life in America is stupendously good. We should all feel a lot better about things than we do. One of the reasons we don't is that both liberals and conservatives have a vested interest in claiming that the country is on the precipice of imminent collapse due to moral decay. 

Vaccines do not cause autism.

A lot of famous studies have turned out to be wrong, but most people never hear about it. The Stanford prison experiment showing that even fake guards became abusive toward fake prisoners? Probably exaggerated. The marshmallow test showing that kids who delayed gratification had better life outcomes? Nah. Saturated fats are bad for you? Mostly a misinterpretation of the Framingham Heart Study.

Orchestras that audition players behind curtains are more likely to hire women? Not really. 

Strange but true: COVID vaccines reduce death rates from non-COVID causes.

Possibly this is because the vaccines prevent Long COVID.

It's true that correlation doesn't automatically imply causation, but it's a helluva strong clue. The proper response to a well done correlation study isn't knee-jerk skepticism, it's "That's interesting! We should to more studies to confirm it."

Medical inflation is largely under control. Since 2000 it's been only about one point higher than overall inflation, and over the past three years it's been considerably lower.

There's been no particular increase in airplane mechanical malfunctions lately. 

Probably every sentence being served for every crime in the US should be cut in half. Our sentencing policies are ludicrously punitive and accomplish little. 

Human beings are fundamentally kind of shitty. But that's what civilization is for: it's a compact among ourselves to keep the worst of our excesses under control as long as everyone else has to as well. It's a bit of a miracle that this mutual surveillance agreement works, but it does, after a fashion. 

It's unlikely we will be willing to make the carbon cuts necessary to rein in climate change. Geoengineering is probably in our future.

AI is going to take your job away, no matter what your job is. Not today and probably not tomorrow, but it's not too many decades away.

One out of seven people have no interior monologue.
[ This is just weird. How can a person not talk to themselves? ]

Half of all people have two-digit IQs.
[ Ha ha. Why did he include this? He's a statistics geek, but ... ]

 

Finally, here is one from his next blog post which ought to be on the list:

"Marijuana is still fairly widespread, but every other drug is down to practically nothing since 2000. Cocaine, heroin, meth, ecstasy, inhalants, sedatives—you name it and it's dropped off the map. Alcohol use is down by half and cigarette smoking is all but extinct (though vaping has replaced some of it)."

And a response from one of his readers, "Yup. The kids these days are addicted to their phones. Drugs can't compete." (shapeofsociety wrote).





Sunday, November 10, 2024

MONEY and Politics: background material on Elon Musk and his friends

Most of these names are familiar to the general public. But, not all.


So, how did all this collaboration of men (who became billionaires) begin?

https://milliondollarminds.medium.com/the-incredible-story-of-paypal-mafia-49dd5e155792

( I'm quoting from the article below)


/quote-begin

Max Levchin, Peter Thiel, and Luke Nosek founded Confinity. Thiel and Levchin met at Stanford University after Thiel gave a guest lecture

and the two began to work together on the concept of a digital wallet. The company initially focused on mobile payments sent from

Palm Pilots and other PDAs, but a Confinity employee developed a way to send money transfers through email. That service became PayPal in 1999.

After gaining traction and taking its first few steps on the eBay platform, Confinity merged with Elon Musk's X.com, taking the parent company's name.

Eventually, after proving its success as a product, the company adopted the name PayPal, Inc. Doing things in their own way paid off for the PayPal team

as they were able to file for an IPO in late 2001, later completing the IPO in February 2002. Later in 2002, eBay acquired PayPal for USD 1.5 billion.

/quote-end


So, Max Levchin, Peter Thiel, Luke Nosek, Sergey Brin, and Elon Musk were merged into PayPal, Inc. The names Levchin and Nosek have disappeared from the spotlight, but they didn't retire.  See below.


/quote-begin

Key members of PayPal Mafia:


Peter Thiel, PayPal founder and former CEO is referred as the "DON" of PayPal Mafia.

He diversified his investment across different assets which include investment in Clarium Capital, Palantir Technologies,

Facebook (as an angel investor), Founders Fund, Valar Ventures and Mithril Capital.


Elon Musk got fired at eBay. He went on to build numerous companies that include Tesla Inc, SpaceX, Neuralink, OpenAI,

The Boring Company, and is the Chairman of SolarCity. He is the most impressive among the lot because he has done something outside of the IT space as it is harder to do things in the world of atoms.


Luke Nosek, PayPal co-founder and former vice president of marketing and strategy, became a partner at Founders Fund with Peter Thiel and Ken Howery. Luke was first investor in Elon Musk's SpaceX.


Roelof Botha, former PayPal CFO, later became a partner of venture capital firm Sequoia Capital — the firm that focuses on technology industry.

It has backed companies that now controls USD 1.4+ trillion of combined stock market value. The fund manages multiple investment funds including funds specific to India & Southeast Asia, Israel, and China.


David O. Sacks, former PayPal COO later founded Yammer, a freemium enterprise social networking service used for private communication within organisations. 

Eventually, Microsoft acquired Yammer for USD 1.2 billion. Currently, Yammer is included in all enterprise plan of Office 365 and Microsoft 365.


Jawed Karim, former PayPal engineer along with Steve Chen co-founded YouTube, second most popular site after Google. This venture was  eventually sold to Google for USD 1.65 billion. It has since evolved from a small video streaming platform to a large service influencing popular culture, internet trends, and creating multimillionaire celebrities. As on date, YouTube content creators upload over 500 hours of content per minute.


Reid Hoffman, former executive vice president went on to create LinkedIn, world's largest professional networking site with over 750+ million users from 200 countries.

Also, he was an early investor in Facebook, Aviary, Friendster, and few other companies.


Yishan Wong, an engineering manager at Paypal went on to become the CEO of Reddit. As of February 2021, Reddit ranks as the 18th most visited website in the world  and 7th most visited website in the US, according to Alexa Internet.


Russel Simmons, former PayPal engineer co-founded Yelp Inc along with Jeremy Stoppelman. As of June 2021, the site has 43 million unique visitors to its desktop webpage and 52 million unique visitors to its mobile site.


Dave Mcclure, former PayPal marketing director, a super angel investor for startup companies and founder of 500 Startups which has 500+ investments till date.

/quote-end


Peter Thiel's Palantir Technologies does a lot of work for the U.S. government. It's a very high-tech, very secretive spying company that collects massive information from the American people. He's a Libertarian Right-Wing Republican who has been actively supporting Republican politicians.

However, not long ago there was a banking crisis in California where Thiel led a group to do a bank run on SVB, a very special kind of bank that backs and handles funds for venture firms in Silicon Valley.

Something happened at that time to disappoint Thiel, and he declared he would not be giving any campaign contributions this cycle.


Roelof Botha and Sequoia Capital would hardly be familiar to a lot of people, but they're very well known on Wall St.


From Wikipedia on Botha:


/quote-begin

Botha's father, also named Roelof, is an economist.[8][18] His uncle was the rock musician Piet Botha. His grandfather was Roelof Frederik "Pik" Botha,[8] a South African politician who served as the country's last foreign minister under the Apartheid government

/quote-end


From Wikipedia:  https://en.wikipedia.org/wiki/Sequoia_Capital

Botha is listed as a "Key person".


They're very big.

"Following the collapse of Silicon Valley Bank in March 2023, the Federal Deposit Insurance Corporation had backstopped Sequoia's $1 billion in deposits in the bank.[36] "


But then, ...


Elon also had an affair with Brin's wife, causing Brin and his wife to divorce.

https://www.bbc.com/news/business-62288139


Where does this lead us? It tells us that this group has been incredibly successful in technical and financial terms.

It tells us they can be politically influential as they want to be.


What does it NOT tell us? That Thiel is also quite comfortable with Wall St., making the SVB collapse less of a surprise and more  notable.


From the Wikipedia profile of Thiel:


Thiel has worked as a securities lawyer at Sullivan & Cromwell, a speechwriter for former U.S. Secretary of Education William Bennett,

and a derivatives trader at Credit Suisse. He founded Thiel Capital Management in 1996


Example: He gave us J.D. Vance.  https://www.cbsnews.com/news/jd-vance-trump-vp-peter-thiel-billionaire/


They have the money, the technical skills and tools, and the political interest to be involved in many ways.


Musk is somewhat famously known for being born in S. Africa. He is jokingly, "an African-American", but the others are interesting too.

Thiel was born in Germany (and later lived in SW Africa), Botha was born in Pretoria, S. Africa, and Sergey Brin was born in Moscow, Russia.

 

From Wikipedia on Thiel:

/quote-begin

Thiel was born in Frankfurt am Main, West Germany, on 11 October 1967, to Klaus Friedrich Thiel and his wife Susanne Thiel.[15][16]

The family emigrated to the United States when Peter was one year old and lived in Cleveland, Ohio, where his father worked as a chemical engineer.[17]


Before settling in Foster City, California, in 1977, the Thiel family lived in South Africa and South West Africa (modern-day Namibia).

Peter changed elementary schools seven times. He attended a school in Swakopmund that required students to wear uniforms and utilized corporal punishment, such as striking students' hands with a ruler. He said this  experience instilled a distaste for uniformity and regimentation later reflected in his support for individualism and libertarianism.[20][21]


Thiel to co-found The Stanford Review, a conservative and libertarian newspaper, in 1987. The paper received funding from Irving Kristol.[26]

Thiel was The Stanford Review's first editor-in-chief until he graduated in 1989.[27]

[ Note:  Irving Kristol was/is the father of Bill Kristol, the noted Conservative pundit who is often on television. His father was a firebrand while Bill is less radical. ]


Wikipedia on Brin:

Larry Page seems to be the most normal of the bunch, except for being a tremendous geek. His technological achievements have been compared to Gutenberg's printing press.


From Wikipedia on Page:


However, there is one very curious thing:

"In 2023, the US Virgin Islands tried several times to serve Page a subpoena in the lawsuit over JPMorgan Chase's links to Jeffrey Epstein.[126][127]"



==================================================================


My comments:

How is it that Epstein was connected to everything?

I keep wondering, how does all this connects. Well, the Right-Wing political activities, the geeky technological side, and then the Epstein name seems like a warning of some kind. Maybe it's just a coincidence, but my willingness to accept things as coincidences these days is wearing thin.

How did Trump win ALL the swing states while Dem candidates for senator won in those states?

I don't like all this uncertainty and the lack of clear-cut evidence.


Friday, November 8, 2024

Elon Musk and American Politics

Here is a small view on Musk's view of South Africa today.

https://www.thedial.world/articles/news/issue-10/elon-musk-walter-isaacson-south-africa-myths

This is a great article with a lot of fascinating information which I have never read or heard before. It describes a rich kid from a very racist family in S. Africa, at the time of the change from all-white rule to majority-rule, leaving his country to avoid conscription, illegally coming into America. It describes a young man who was raised by someone a lot like Donald Trump. It even appears their personalities fit together like Musk and his father. I can easily imagine Musk as the primary adviser to Trump and his 2024 presidential campaign.


/quote-begin

In July, the tech entrepreneur commented on a Florida media personality's post on X that alleged that South Africa's "black party" was encouraging a genocide against white South Africans. "They are openly pushing for genocide of white people in South Africa," Musk commented, and asked why president Cyril Ramaphosa was "say[ing] nothing." The claim was a layer cake of stale myths and gibberish that few South Africans — even those concerned about white people's future in the country — bothered to amplify: The political party to which the original poster referred is not South Africa's "black party." More than 80% of South Africans are black, but the Economic Freedom Fighters hold only 11% of seats in the parliament. And the fringe allegation that black South Africans intend to massacre white people has circulated for decades, attaching itself to some new potentiality when the original theories, like that the genocide would begin the night Nelson Mandela died, don't pan out. Musk's concern, however, was taken up by a range of non-South African white supremacists: Patrick Casey, founder of the Neo-Nazi Group Identity Evropa, posted, "In 2016 South African white genocide was a fringe issue — now, the richest man in the world, who also owns Twitter, is drawing attention to it. Things are moving in the right direction!"

...

Some things Isaacson [author of a biography of Musk] recounts are extremely unlikely to have happened as he describes them. In the 1980s, Isaacson claims, as a young teen, Musk and his brother once "had to wade through a pool of blood next to a dead person with a knife still sticking out of his brain" while getting off a train to go to an "anti-apartheid music concert"; at these concerts, "often, brawls would break out." But there were no explicit "anti-apartheid concerts" in South Africa in the '80s. The apartheid government strictly censored music, and bands that played songs with lyrics perceived to criticize apartheid — or even bands with members of different races — were regularly harassed and arrested. "I cannot believe the 'knife in the head' story," Charles Leonard, a DJ and journalist who attended many gigs in apartheid-era Johannesburg, told me. "The concerts I attended were always peaceful."

"The 'wading through blood' is invented, I'm sure," Shaun de Waal, another Johannesburg journalist who covered 1980s South African society, said. By the late 1980s, crime in South Africa had increased significantly and by 1991 the country had one of the highest murder rates of any in the world on a per capita basis. But violent crime was far rarer in the heavily policed areas around the Johannesburg railway stations and in the white-only neighborhoods where Musk grew up.

Musk and his brother Kimbal, Isaacson writes, said that "their father is a volatile fabulist, regularly spinning tales that are larded with fantasies, sometimes calculated and at other times delusional." Isaacson writes that Musk left South Africa in 1989 principally to get a break from his dad. That story strikes other South Africans as bizarrely incomplete. Whenever a white boy in his late teens left South Africa in the 1980s, he was ipso facto escaping conscription.

...

Over the last few years, Musk has seemed to work off the theory that if your false statements are diverse enough in content and size, and if some sound like jokes, you can develop a reputation as an admirable troll rather than as a dangerous liar. The more varied and hyperbolic someone's yarns are, the less they seem to demand or even allow for detailed factual rebuttals.

/quote-end


Here is a background story on the Trump + Musk connection.

https://www.washingtonexaminer.com/opinion/3178774/exclusive-elon-musk-says-destiny-of-america-is-on-the-line/?utm_source=google&utm_medium=cpc&utm_campaign=Pmax_USA_Magazine_21-June-Intent-Audience-Signals&gad_source=5


This article is about Musk and the Immigration issue.

https://www.latimes.com/politics/story/2024-06-03/elon-musk-immigration


So first of all, Musk and his brother appear to have come into America and stayed illegally. They benefit tremendously from being here. Apparently Elon Musk wants immigration reform, but not at the cost of having other changes which he doesn't like tied to it.


This article talks about Musk and government, how he wants to reshape it, and some paranoia.

https://www.nbcnews.com/tech/tech-news/elon-musk-trump-endorses-pac-administration-cabinet-connection-rcna178549


/quote-begin

On the campaign trail, Musk has at times dramatized the stakes of the election for himself. In an October appearance with talk show host Tucker Carlson, he alleged that Harris might want to exact "vengeance" on him personally if she wins the election.

"If he loses, I'm f----d," Musk told Carlson, referring to Trump.

Laughing, Musk added, "How long do you think my prison sentence is going to be?"

/quote-end


I don't suggest jailing Musk. That's his bizarre fantasy, I suppose. I suggest learning about him in order to have a more clear idea of what he might influence a Trump administration to do.


Monday, October 28, 2024

Russia, Belarus, and Poland, Making an Arrow Aimed at the Heart of Western Europe ?

Here's the story in two parts.


First, Russia and Belarus:


https://www.reddit.com/r/LeopardsAteMyFace/comments/1gdtxq9/the_heck_you_say/

Isn't Lukashenko in league with Putin? Hasn't he allowed Russian soldiers in Belarus? Why would he be saying this? It almost sounds like he opposes Putin.


Then there's Russia and Poland:

Poland's Right-wing leader is yelling that Russians are sending immigrants into Poland via Kaliningrad (part of Russia to the north-east of Poland). I suspect he is quite sympathetic to Putin and would work with him to create a path through to Western Europe. It would be somewhat like the Bulge which Hitler's army tried to create, to stem the tide of Allied forces headed to Germany.


https://www.youtube.com/watch?v=P2jdhF5EYXI&t=613s&pp=ygUGUG9sYW5k

So, is Poland's leadership in league with Putin or are they simply pointing to the immigration problem, the way a lot of Right-wing leaders do, when they want to win domestic support?

I would suggest Kamala Harris and Pres. Biden need intelligence briefings on this. We don't want a November 3rd surprise to suggest that the Democrats don't know what's happening in the world.


Thursday, October 17, 2024

Answer for Michael Lewis and His Questioners

Michael Lewis, great author, did an "Ask Me Anything" on Reddit.com. Here's one of the questions and his answer (in pink).


I think there's a solid answer to 3.

In 1993, Bill Clinton and the Congressional Democrats passed a budget which led some years later to a balanced budget with small surpluses for the future. It required 50 Dem senators and Veep Gore to pass it. The Republicans taunted Democrats who voted for the legislation. They had been telling people it would ruin the economy. It was successful, though, and Newt Gingrich even joined-in when he became Speaker of the House of Representatives.

When W Bush was elected, they blew it all up for tax cuts to their rich benefactors (many of whom depend on US debt for the huge wealth they've accumulated, but have no uses for).

Democrats realized the pointlessness of tackling the debt and have ignored it since. Dems fight for power and hope one day the Republicans will return to sanity and unite with us to solve problems like "the debt".

One can expect that if the Democrats get sufficient power in Congress and the presidency, that they will return to working on that issue.

Tuesday, October 1, 2024

Veep Debate Issues

There are a thousand issues, so it can be difficult to decide where to focus. Is it "the economy stupid" or "inflation" or something else? To me, there are many issues which can easily be debated, and the Republicans will have no answer. The most obvious recent one is "why did Donald Trump kill Immigration Reform legislation which he continually calls for?" But, there is another one that lingers.

The Republican Party is a coalition, just as the Democratic Party is. They generally support the idea of less government, especially taxes, and a strong military. But, the Trump MAGAs bring another element to the fore, one that should never have been in American politics. It's that there are MAGAs who "just want to see the world burn". They tried to overthrow the election of Joe Biden, and in so doing were happy to overthrow the United States Constitutional government.

That part of the Republican coalition makes it entirely criminal. That can be seen by the large number of them facing criminal charges and going to jail. Even if you weren't considering that part of the coalition, the rest would be rather extreme, but lower taxes and support for the Christian Right isn't new. As long ago as Ronald Reagan, that was part of the coalition. Even the inept George W. Bush didn't bring any revolutionaries into the party. It's not acceptable.

No patriotic American should twist their thinking to believing that it's somehow acceptable. It should be rejected out of hand, and Donald Trump with it.

Saturday, September 28, 2024

North Carolina is Drowning

North Carolina disenfranchises its voters, and now they're floating away. God's punishment? Maybe?

https://www.reddit.com/r/TikTokCringe/comments/1frqfvb/the_situation_in_western_north_carolina_is_dire/


More likely, it's another solid reason to believe the Climate Change Crisis is real. What will it take for them to see that better Democracy and some trust in science are good things?