Gongol.com Archives: February 2016
Virgin Galactic and Scaled Composites are hoping the second-generation spacecraft will get them on track again to offer private space flight
They're going to borrow $12 billion to buy back stock at interest rates starting at 1.3% for one year and rising to 4.65% for 30 years. It's a little nuts to try to forecast Apple's market position 30 years from now -- remember that 31 years ago, Steve Jobs was fired, and he was reinstated at the company just 19 years ago. But in the short term, borrowing money at 1.3% in order to consolidate the ownership position of existing stockholders is pretty sound policy.
The exceptional capitalist says the socialist candidate is right about one thing: It's bad for society to have a lot of people who are kept downtrodden. Koch, of course, differs strongly with Sanders about exactly how to fix that problem -- but that's why it's long past time to find advocates to speak up more openly about the many capitalist solutions that are available to us. Denying that problems exist isn't the way forward: Acknowledging that they do exist, and finding solutions that fit within a thoughtful and sustainable framework is.
Broadly speaking, the idea of police-worn body cameras is attractive. Eyewitness testimony is utterly unreliable, even when it comes from trained witnesses like the police -- so the more actual documentary evidence we have from crime scenes and contested events, the better for justice. But it's not an idea without consequences and drawbacks: Someone has to be responsible for acting as custodian of the video evidence, and that's an area where some police departments have played games when seeking to protect their own when their own have done wrong. Moreover, there are complicated matters of access to the documentary evidence (and whether it becomes public record) as well as questions of civilian privacy (especially for children caught up in events, situations of domestic violence and abuse, and access to police informants) that require thoughtful policies and oversight.
Boris Johnson is a politician with real star power, so this could make things complicated since his own party's leadership is campaigning to stay in. Johnson is a role model for politicians in at least one way: He writes a weekly column for a major newspaper, which is where he announced his opposition to remaining. Imagine how much better-off we all would be if our elected officials were all expected to be thoughtful and regular writers. The act of writing forces a person to clarify their own thinking -- and seeing who can write and elucidate their thoughts clearly, as opposed to who cannot, would be a valuable tool for voters.
Where is the game theory in Washington?