Monday, December 31, 2007
Even Novak?
Against Partisanship
Mike Bloomberg will also attend. He's been rather coy as to whether he will run as an independent, but the ads he placed in Iowa and New Hampshire lead one to believe that he will be a candidate, especially if he can get the support of the people attending this meeting.
Sunday, December 30, 2007
Checklist vs. Drug Testing
OHRP does have a major responsibility to those who become subjects in a research project. One of their rules is that the participants in the projects have a reasonable awareness of the risks they are undergoing and that the participants agree to participate in the testing. And, it's a good rule when it comes to drugs. But OHRP applies this rule to any alterations in medical care.
We are all well aware of the growing rise in the number of infections caused by poor hospital practices. Michigan tried to do something about the problem. Realizing that doctors and nurses are under tremendous pressures, Michigan thought that the use of a simple five-step checklist might cause medical personnel to be more likely to follow generally accepted practices (such as the use of sterile gowns and gloves or washing one's hands) known to prevent infection.
For the past year that's what's been happening in the ICU of just about every hospital in Michigan. And the results have been spectacular: hundreds of lives and hundreds of millions of dollars saved.
However, the doctors and nurses using these checklists did not get the permission of the patients allowing the use of the checklists. Hence, they violated medical ethics. The checklists were verboten.
Another example of the consequences of a slavish, mindless following of the rules.
Well, I did it
Saturday, December 29, 2007
A way to a better world
Norma: an unlucky name?
Norma is a CDO that started out with rating agencies assigning a AAA rating to 75% of its securities in March of this year. By November the bloom was off the rose and Norma was thrown on the junk pile.
Norma started life being 'worth' $1.5 billion. However, only a small part of Norma was real, i.e., actual securities that you could touch and feel. Most of it was made up of derivatives that acted as insurance on BBB-rated mortgage securities. These derivatives (in this case called credit-default swaps) 'insured' BBB-rated subprime bonds, but the actual bonds were worth only about a third of what they were valued at in the CDO. So that, for example, $1500 in Norma represented only $500 in real assets. Furthermore, some of the pieces of Norma were themselves slices of other CDOs.
What were they smoking?
"We are not a charity"
Concurrent runs the National Defense Center for Environmental Excellence in Johnston, PA, home of Congressman John Murtha. They have received hundreds of millions of dollars over the years and have produced many 'products' for the Defense Department. The problem is that very few of these products are actually used by DOD. Perhaps, it's because several of these products duplicate products produced by other companies which funded their own product development.
Friday, December 28, 2007
Illusion?
He concludes with an appropriate quote from Patrick Cockburn of The Independent, "Nothing is resolved in Iraq. Power is wholly fragmented. The Americans will discover, as the British learned to their cost in Basra, that they have few permanent allies in Iraq. It has become a land of warlords in which fragile ceasefires might last for months and might equally collapse tomorrow."
Thursday, December 27, 2007
How hard a landing?
Tuesday, December 25, 2007
Parents say yes
But, NY tried to ban shock treatments because they were dangerous and outdated and they were being used as punishment as well as behavior modification. Using shock treatments as a punishment is not supported by most of the scientific community. The lowest shock given at Rotenberg is considered to be twice what pain researchers say is tolerable for most people.
It is a difficult issue. But, we used to give shock treatments to those suffering from all sorts of mental problems. We stopped that years ago. It didn't work in most cases, was dangerous and is barbaric.
Monday, December 24, 2007
Life in today's military
The News Cycle
The article highlights the city of Gloucester as it discusses a deadly fire to which the city was able to send only one ladder truck with the driver comprising the total crew. Finances are tight in Gloucester and requests for a larger fire department budget have been repeatedly rejected by the voters. To generate revenue the department has become the group that responds to all emergencies, not simply to fires. When the department takes a heart attack victim to the hospital, the insurance company usually reimburses the department. But when the department transports someone to a hospital, the firemen doing so are not available should a fire arise.
Should Gloucester revert to a volunteer fire department?
Sunday, December 23, 2007
Minister to the Homeless
It sounds as though he is doing God's work, defining God in a very broad sense as one who tries to help people live better lives. To read more about Steve Maki, click here.
Saturday, December 22, 2007
You really should read Krugman's latest
A Global Market
It's not over yet by any means. This sub-prime debacle will not only mean huge losses but will see our belief that we are #1 in the world of finance sorely challenged.
Cleaning house?
Friday, December 21, 2007
Bosses behaving badly
John Griffin, CEO of a Livermore, Calif., startup, pockets about $750,000 of seed capital after lying to investors lured by the company's promise to develop a "dirt eater" to clean toxic soil. After reportedly spending the money on such necessities as a Ferrari, Super Bowl tickets, and steroids, Griffin is sentenced to 30 months in prison. The name of the startup: VaporTech.
In the news again
One of their satellite homes received a phone call in the middle of the night instructing the staff there to administer shock treatments to two of the residents who, the caller said, had misbehaved earlier. The staff was inexperienced, overworked and new to the Center. This was not the first time they had received a call from the central office. However, apparently there was no mechanism in place to verify that the call actually came from the central office. So, two teen-aged residents were given the center's standard shock treatments. One was shocked 77 times, the other 29 times. One had to be taken to the hospital for first degree burns.
The Center has survived two attempts by the state to shut it down. It's likely they will survive another one.
Thursday, December 20, 2007
We need to bring back the draft
One of the reasons why the bright people are leaving is their perception of their bosses as not being very aware of the new face of war. In general, these bosses were in the lower half of the officer pool when the pool shrunk after Vietnam.
We've lowered our standards in recruiting privates. We're losing officers. We're paying billions to private companies for logistics support. How can one say the volunteer army is working?
Tuesday, December 18, 2007
JAG this!
Coincidence?
The winter has just started. Will things get worse?
Monday, December 17, 2007
Can the War on Terror Be Won?
If, on the other hand, Americans accept that victory in the war on terror will come only when the ideology they are fighting loses support and when potential adherents see viable alternatives to it, then the United States would have to adopt a very different course. It would not overreact to threats but instead would demonstrate confidence in its values and its society -- and the determination to preserve both. It would act decisively to reestablish its moral authority and the appeal of its society, which have been so badly damaged in recent years. It would strengthen its defenses against the terrorist threat while also realizing that a policy designed to prevent any conceivable attack will do more damage than a policy of defiantly refusing to allow terrorists to change its way of life. It would expand its efforts to promote education and political and economic change in the Middle East, which in the long run will help that region overcome the despair and humiliation that fuel the terrorist threat. It would launch a major program to wean itself from imported oil, freeing it from the dependence that constrains its foreign policy and obliging oil-dependent Arab autocracies to diversify their economies, more evenly distribute their wealth, and create jobs for their citizens. It would seek to end the large U.S. combat presence in Iraq, which has become more of a recruiting device for al Qaeda than a useful tool in the war on terror. It would stop pretending that the conflict between Israel and its neighbors has nothing to do with the problem of terrorism and launch a diplomatic offensive designed to bring an end to a conflict that is a key source of the resentment that motivates many terrorists. It would take seriously the views of its potential allies, recognize their legitimate interests, and seek to win their support and cooperation in confronting the common threat.
If the United States did all that, Americans would have good reason to be confident that in the long run they will prevail. Ultimately, extremist Islamism is not an ideology likely to win enduring support. Terrorism is not a strategy with which Muslims will forever want to be associated, and eventually it will create a backlash within Muslim societies. With time and experience -- and if the United States and its allies make the right choices -- Muslims themselves will turn against the extremists in their midst. Somewhere in the Muslim world, at some point possibly sooner than many realize, new Lech Walesas, Václav Havels, and Andrei Sakharovs will emerge to reclaim their people's future from those who have hijacked it. They will seek to put their civilization on a path toward restoring the glory of its greatest era -- when the Muslim world was a multicultural zone of tolerance and intellectual, artistic, and scientific achievement. The agents of change might come from above, like Gorbachev, who used his position at the top of the Soviet hierarchy to transform the Soviet Union and end the Cold War. Or they might rise up from below, like the protesters in 1989 in Budapest, Gdansk, and Leipzig, who stood up against tyranny and reclaimed their future. If the United States is strong, smart, and patient, they will come. And they, not the West, will transform their world -- and ours.
More idiocy indicative of our decline
Saturday, December 15, 2007
No longer #1
While we are still the largest donor to poor nations when all programs are considered, one wonders whether the World Bank situation is a harbinger of things to come.
Examples of Dignity Denied
Friday, December 14, 2007
Wow!
I've written in praise of Bowen several times. Of course, Bowen has a response to the allegations. Overtime was cheaper than hiring more people. The charges are made by disgruntled former employees. Looking at some employee's e-mail was justified.
Thursday, December 13, 2007
One More Hit
UBS was able to convince Singapore that it is still a good investment; Singapore paid almost $10 billion for a stake in UBS that could reach 10.5% This is not the first time that Singapore has bought a piece of an investment bank; it bought almost 2% of Barclay's this summer and 11% of Standard Chartered in 2006.
Investment banks are becoming more globally owned. 5% of Citibank is owned by Abu Dhabi. Another 1% of UBS was bought by an unnamed MidEast investor. China bought a piece of Blackstone last spring.
When will Congress start screaming about these foreign incursions?
"Dignity Denied in the Occupied Palestinian Territories"
- Trapped in the Gaza Strip
- Enough to survive, not enough to live
- Shrinking agricultural production
- Crumbling infrastructure
- Restrictions on life in the West Bank
- Access to land
- Access to roads
- Harassment by settlers
Wednesday, December 12, 2007
Swimming lessons
GWEN IFILL: I just would like to -- but do you think that waterboarding, as I described it, constitutes torture?
SEN. KIT BOND: There are different ways of doing it. It's like swimming, freestyle, backstroke. The waterboarding could be used almost to define some of the techniques that our trainees are put through, but that's beside the point. It's not being used.
Emphasis added
Another player enters the blame game
Relief for Lt. Whiteside?
That's one for the good guys, if the hearing officer's recommendation is accepted by the higher-ups.
Another cost of the war
However, the Iraqi education system was in trouble before this war. Sanctions imposed on the country resulted in a starving of materials for the schools.
A really long haul
His argument is that the war in Iraq is now a civil war, which, by definition, means that there is little or no trust between the parties. That being the case, only an outside force can enforce the peace which would be brought about by a series of cease-fire agreements across Iraq. The outside force is us. Hence, we should not plan on seeing many of the troops come home for a long time.
He does make a point. But, what is the cost of a long occupation in lives lost, dollars wasted and political capital spent?
Monday, December 10, 2007
Privatization Run Amok
More and more cities and towns are outsourcing their firefighting obligations. Isn't firefighting a role for the government, you know that group of people who band together so that a group (government) can do things that can't be done by individuals but they are things that must be done (like fighting fires)?
When are we going to smarten up?
Sunday, December 09, 2007
Some scary numbers
Murder rate - 47 per 100,000 residents (Southfield, a suburb, 1.3 residents per 100,000; NYC 6 per 100,000)
80% of black children are born to single parent households (in 1960 it was 25%)
50% of black men did not finish high school
Lowest median income in the U.S.
No wonder the middle class has left.
Saturday, December 08, 2007
Starting off on the wrong foot
Coming so soon after the Annapolis meeting, this just serves to make one wonder how serious the Israelis are about the latest attempt to bring peace there.
Friday, December 07, 2007
Default Rates of Sub-Prime Mortgages
Games people play
The main conclusion is that a great power’s use of its military forces may be rendered ineffective or even counterproductive when there are no clear internationally recognizable limits on this use of force. Professor Myerson derives this conclusion from the basic observation that our ability to influence potential rivals depends on a balanced mix of threats and promises. Potential adversaries should believe that aggression will be punished, but such threats will be useless unless they also believe our promises that good behavior will be better rewarded. A reputation for resolve makes threats credible, but a great power also needs a reputation for restraint, to make the promises credible as well. Thus, international restraints on a nation’s use of military force may actually increase the effective influence of its military strength. So this monograph may be read as a contribution to our understanding of the vital relationship between diplomacy and military preparedness in defense of national security.
Restore the draft?
It has not, however, always been this way. Alexis de Tocqueville, the French commentator on American democracy, wrote in 1835 of the American “principle of self-interest rightly understood.” He observed:Emphasis added.The Americans, on the other hand, are fond of explaining almost all the actions of their lives by the principle of self-interest rightly understood; they show with complacency how an enlightened regard for themselves constantly prompts them to assist one another and inclines them willingly to sacrifice a portion of their time and property to the welfare of the state.Tocqueville recognized that American citizens of that day lived by the principle of self-interest, but it was the principle of self-interest rightly understood. People during that period operated under the realization that citizens who acted to further the interests of society ultimately served their own self-interest through the betterment of the society in which they lived. Part of the uniqueness of America, as observed by Tocqueville, was that individualism was kept in balance by the principle of self-interest rightly understood. Today, that balance appears to be slipping.
The principle of self-interest rightly understood, however, cannot be restored by fiat or programs. Requiring mandatory volunteer hours for high school students, handing out “community service” sentences to celebrity wrong-doers, and even implementing a draft or compulsory national service program only serve to address the symptoms of a much deeper issue. America needs to discuss and debate the responsibilities of being a citizen in a democracy. As a society, we have gradually learned to major in our individual rights and minor in our obligations of being a citizen. In our zeal in chasing the American dream, we have neglected the American spirit. Restoring the principle of self-interest rightly understood must come from within the citizenry. It must come, as Tocqueville noted, from within the community—the family, houses of worship, and education. Unfortunately this task will be much more difficult and take much longer than merely imposing volunteerism from above. It is a task, however, that demands our attention now.
Here's my chance
This indulgence will reduce my time in purgatory, assuming I make the grade and don't immediately drop to the next level.
Again, where are the moderates?
The woman and the man guilty of adultery or fornication, flog each of them with 100 stripes: Let no compassion move you in their case, in a matter prescribed by Allah, if you believe in Allah and the Last Day. (Koran 24:2)
Thursday, December 06, 2007
PISA is not a city
The average scores for our kids were lower than the average for the group as a whole; it didn't matter whether the subject was science or math. We're just not getting the job done.
Interfering with the market
Included in this proposal is a likely $200,000,000 for credit counseling firms that happen to be supposed non-profits. I've often said that non-profits can be wonderful businesses. If the non-profit can raise enough money, it can pay its owners enormous sums without having to concern itself with the mundane tax questions of a regular business. Further, does anyone know whether these credit-counseling firms really have any effect? My strong feeling is they don't; they are just another business masquerading as a beneficent organization.
This whole sub-prime business shows America at its worst: unrestrained greed, hypocritical belief in the virtues of the market, politicians' pandering to the voters, unwillingness to act before crises occur.
Wednesday, December 05, 2007
Another prediction
If you guessed our VP, you'd be right.
There are a lot of other upbeat pronouncements in the article
Your grandmother didn't make these meatballs.
It is a pretty good story.
A new method of fertility
Dem Bones
However, there is money in bodies and bones. And where there is money there are those who seek the money whether or not laws are violated. One country that seems to have a problem controlling the export of skeletons is India. In this article Scott Carney has summarized a fair amount of research into the issue.
A nice, clean skeleton can fetch thousands of dollars; a skull with teeth is worth $1,200. And getting a complete skeleton can take months and months. There is demand for the product.
India is meeting that demand. They have been very active sellers of skeletons for over 100 years, although the practice has been barred since 1985. In fact, the Indians are considered the market leaders with the best products. In some years they have sold as many as 60,000 skulls and skeletons.
Monday, December 03, 2007
It's been 4 years
Sunday, December 02, 2007
Can't they learn?
Apparently, mental illness is not considered a real illness by the Army. The Army provides housing and other assistance for families who have a member in Walter Reed, provided that member is suffering from a physical injury. If it's a mental illness, forget about any help.
Is this the kind of country we want?
They won't let it die
$100,000 per pound
It really is a strange world in which we live.
Will there ever be an end?
Gee, this is a surprise
There was an interesting article in Saturday's Wall Street Journal about Gorbachev. He seems to be of two minds with regard to his support of Putin; on one hand, he thinks Putin is doing the right job, on the other hand democracy is being squelched. Part of the problem seems to be Gorbachev's poor treatment under Yeltsin, whereas Putin has made life easier for Gorby and put him on some committees.