Gongol.com Archives: December 2015
California is working on rules for self-driving cars
The faster they get something on the books, the better. The technology is moving quickly, and the lack of a legal framework is a serious problem. There is a very urgent public-health case to be made for getting humans as far away from the driver's seat as possible. We are the cause of almost all crashes.
If you think governments can or should control the Internet, you have a friend in the Communist Party
Seven years of 0% interest rates
Even at just slightly over 0%, we still live in remarkable times that will look totally incredible from the perspective of future history
Canadians are selling "bottled air" to China
The smog is so bad in China that people are actually buying it. One thing is for certain: People with political rights and a little bit of prosperity tend to agitate very quickly for changes to environmental conditions that endanger them. Killer fogs in London led to clean-air legislation, and river fires in the Rust Belt led to clean-water legislation well before the Federal government stepped in. But if people either lack the political influence to agitate for a solution or the material well-being to afford the resources necessary to do the cleanup, then no obvious solution exists.
You can try to fight economic laws, but they act like gravity
The Teamsters Union Central States Pension Fund is running out of money and is asking the government to allow it to reduce benefits. One's heart breaks for the pain that cuts would impose on the pensioners who expected to get their full benefits -- but the pension system was inadequately designed: Too many Baby Boomers joined and are now retiring, the workforce taking their place is less interested in joining unions, and the pension fund apparently over-promised what its actual investment returns can do. Perhaps it's a reminder that (a) everyone has to get educated about finances and look out for themselves, regardless of the promises made by employers, unions, or the government; and (b) that it's best to see that labor and capital are mutualistic and that nobody wins when they turn antagonistic with one another. That second part might be a worthy reminder for the short-sighted buffoons who have nothing but bad things to say about "corporate America" without realizing that -- just for instance -- sometimes a union pension fund itself owns a big slice of "corporate America".