Archive for June, 2005

Kelo: Property rights and eminent domain

Thursday, June 30th, 2005

Todd of Volokh on Kelo and economics. I guess I don’t get it. Or maybe, considering that everyone on Volokh seems to be on the side of the dissent, I do get it. Here’s what I wrote:

…could someone explain why the ownership structure is so important? Eg., schools, roads, and post offices, normally public, are okay, but housing, shopping, office space, and parks, often private, are not? But schools, roads, and post offices could all be privately owned and operated, just as parks and offices could be public. Or is it the lack of public use? But is there no possible public interest in shopping or living in the new development, or the possibility of getting a job at Pfizer? I guess I’m having a hard time distinguishing the artificial creation of holdout power from landing Pfizer (who could, after all, have gone somewhere else) vs. the artificial creation of holdout power in building a road from A to B (after all, the people in A could go somewhere else too). There’s something I’m missing here…

The power of the press

Thursday, June 23rd, 2005

From the WSJ, courtesy Billmon

Rice, in Egypt, said that the U.S. is no longer willing to tolerate repressive regimes to bolster regional stability. She flew next to Saudi Arabia.

Ouch! Note to self: never, ever, piss off a journalist.

ObBike: rear tire blew out yesterday, the first failure that required finding a phone. Bought the most expensive replacement, a Specialized Armadillo, in the hopes of avoiding a repeat. And that should work, as far as the rear tire goes, but what will break next? Replacing a POS piecemeal is not the way to build a reliable commute — what I’d really like is a bike made by Toyota.

Or any other purpose

Tuesday, June 21st, 2005

Solstice. Rode my bike today. I could write about my nifty insights about suspension design and rolling losses (pneumatic tires vs. spring and damper — the tire compresses every revolution but the comparable spring only compresses on bumps), or I could report on the new battery pack (’bout the same as the old one, unfortunately). I won’t though. Instead I’d like to try raise the level of my contributions here by writing about less trivial matters. I’ve wanted to, but I’ve been holding off, perhaps because it never seemed pressing (not like linking to some evanascent news piece), or perhaps due to the generally low quality of my writing, too low to express what I feel I want to say. Still, I should probably just give up hope that it will somehow improve. Besides, even the important things will get lost if not captured.

My son was talking to my dad on the phone last night, trying to convince him to smelt playground sand in his kiln to make glass. I think he succeeded, though my dad will probably add lime and soda to the sand, and jury rig something with a bottle of oxygen and a MAPP torch rather than use the pottery kiln. Or maybe electrodes and 20 amps at 60 volts, it’ll conduct well enough. This inspired my dad to talk about his father, my grandfather, who melted aluminum oxide with three-phase power in a crucible, taking it up to 2000 C before pouring it into steel buckets (melting point of steel, 1500 C, but large specific heat) to cool before being smashed and made into grinding wheels. Yes, an industrial process, not something that he was doing in his backyard. When they tapped the crucible, the sky would light up fifteen miles away, and my grandfather would go down to the river to watch the sky. This story is from the old Niagara Falls, the American, industrial side, and power was cheap close to the plant, close to the giant flood of falling water, so easy to extract huge quantities of power from. Electricity then and there cost 3 mills/kWh, or could be had for one, if you were willing to let the utility turn it off whenever they wanted to. Of course, you could buy a 1/4 lb candy bar for 5 cents then. Later, the laws changed to make prices the same everywhere, and industry declined. When I was courting my wife, I told her about Niagara Falls, and my family connections there, and told her that they turned them off at night, to make more power. And it’s true, almost, and they still do.

My grandfather died going over the falls. It’s an odd story, really. I’m not certain what happened, and maybe nobody else is either. They did a lot of sailing on the Niagara river, above the falls. My grandfather fell off a dock, and ended up downstream, below the falls. I don’t know why fell, though, or why he didn’t swim for shore. Maybe he had a heart attack, though at fiftysomething he seems kinda young for that. Maybe he fell accidently, hit his head, drowned — I’m clumsy, maybe he was too. Maybe he jumped, killed himself. That also happens. I was going over this story with my son (perhaps in itself a bad idea), and this last one really confused him. It just made no sense. “Why would anyone want to do that?” I tried to explain. “You know how sometimes, you’re happy, and sometimes you’re sad… uh, it’s biochemical, something in their brain… uhhhh…” Bedtime is not the time for long lectures on mood disorders and pharmacological therapies. I changed the subject. Perhaps, like sex, it’s good for kids to hear about the what and the how long before the why becomes conceivable. It’s too late, anyway, so I might as well tell myself that.

Got email this morning about another person. Male, 65, Caucasian, self-inflicted gunshot wound, alcohol use, yes, tobacco use, yes, other substance use, no, BMI, 25.1. I’m offered his liver, $75 per million cells, minimum order ten million. Somebody’s dad, somebody’s grandfather. Hopefully that won’t ever be me. Completely by coincidence, I signed my organ donor card last night. Any needed tissues or organs for transplantation. “Or any other purpose” I added in pen, with a smiley, before signing and getting my wife to sign too. Reduce, reuse, recycle.

The end of gaydar?

Monday, June 20th, 2005

The has a piece on the difficulties of telling, you know, which way that guy swings these days. Gaydar is “as outmoded as Windows 2000″. (Which I just got on my work machine a couple months ago, just as it was being end-of-lifed by Microsoft.) I guess the problem is that straight men, or at least the ones who hang around NYC fashion circles, are so fruity, and the gay men so mainstream, that you just can’t tell by looking. (In truth, you never could, at least without… you know.)

But maybe there is some melding of styles. Case in point: I bought a tie recently. I picked virtually the most conservative one available, and it still had lavender stripes. In Europe, the salesman assured me, men are wearing even brighter colors.

And don’t forget:
Gay or Eurotrash?

Assurance contracts

Friday, June 17th, 2005

From MR comes a link to a brief intro to assurance contracts, a supposedly general mechanism for routing around the free rider problem. A very large number of important social problems can be cast into this mold: it’s not just how to fund free software, which is where I first encountered it, but also national defense, fire and police, zoning, scientific research, environmental protection, good lawmaking, patents, etc. Notice that every one of these areas generally involves the coercive power of the state to tax and spend. Specific examples of people who’ve tried assurance contract type ideas include various free software types (dunno how successfully), Stephen King once tried to release a book that way, etc. So far I haven’t seen it working well, the state seemes to have pretty much captured the market on being a state, but innovative ideas are always helpful. Patents can be read as one example: if you define a new thing, and prove that it’s new, and show everyone how to do it, you can get a state-enforced monopoly on that new thing for some fixed period. There’s a lot of problems with patents — the paperwork is expensive for society, the period is fixed, irrespective of the problem domain, there’s no connection between the value to society of having the methodology discovered and published vs the cost to society of granting the monopoly, and so on. I wonder if there couldn’t be some kind of market mechanism, some bidding thing, which might make more sense. It’s a difficult problem, though.

Oil price bubble?

Friday, June 17th, 2005

Yeah, or so says Morgan Stanley. (Props Cosh)

I don’t buy it. Not that there aren’t trading fluctuations, and sure, less demand from China could drive prices lower for awhile. But trading fluctuations do not place more oil in the ground. It could just be a difference in perspective: I’m interested in the price over the next ten or twenty years, Morgan is probably interested in the next 10 or 20 weeks. And “collapse” is relative too: if you’re leveraged long, $45/barrel might make you bankrupt, but it wouldn’t influence national energy security policies, nor even oil company investment decisions. Oil execs remember $10/barrel like it was yesterday, those were lean years. They no longer assume it might go back there, but “stress testing” investment decisions against something like $20/barrel oil is still required.

As for the “bubble”, I bet Morgan is just short.

What does Finland produce?

Friday, June 17th, 2005

Aside from the vodka, of course? Here’s a short film. (Props Creek Running North.)

Thrills in financial accounting

Friday, June 17th, 2005

Richard Rahn on Sarbanes-Oxley, Elilott Spitzer, and counter-productive government regulation. I’m glad to see I’m not the only one to dislike Spitzer’s policies and practices. Looks like KPMG will follow in Andersen’s footsteps. Bad news if you work for KPMG, or if you need to hire an accountant, or if you buy stocks which get audited (your costs just went up again). Good news if you’re working for one of the remaining accounting firms (your life just got more exciting, but your income went up again).

This car is a honeypot

Monday, June 13th, 2005

Cops in BC are setting up bait cars in areas with high theft rates. Easy to steal, but equipped with cameras, GPS, mikes, and an engine which can be remotely disabled. Sure makes arrests and prosecutions easier, doesn’t it?

Interesting how quick the thieves catch on. In one video (”If my mom calls…”), the perps spend most of their ride (or the three minutes shown on the web, anyway) speculating and trying to test whether it’s a bait car or not. I suspect script kiddies who find their way into honeypots (fake insecure machines designed to entrap crackers) are thinking pretty much the same thing.

Weirded out by religion

Friday, June 10th, 2005

So Salon sends off one of their liberal writers to interview the founder of a Christian dating site. Shock and horror, he seems to be a nice, thoughtful person, not at all the fundamentalist golem she seems to have been expecting. Unless, of course, it’s all part of an elaborate PR ploy, pretending to be open about issues that trouble him, pretending to be loving and accepting of all different kinds of people (’cuz y’know that secular left-wingers invented multiculturalism, the only path to tolerance, and there’s nothing like that in, say, the New Testament), pretending to be open to gays and the possibilities of gay marriage, despite being unwilling to take their money… He couldn’t just be being sincere, could he?

Weird.