There are no objective differences (objective means things you can measure with a ruler, or with fancier instruments). Both deer rifles and assault rifles are chambered for center fire cartridges firing bullets from 0.22 inches up to 0.44 inches at muzzle velocities in the ball park of 2800 foot per second. They have barrels ranging in length from 18 inches out to maybe 28 inches. They can be self loaders, or lever action or bolt action. Neither can be fully automatic (fully automatic is a machine gun). Fully automatic guns were made illegal back in Al Capone's time.
The main differences between deer rifles and assault rifles are matters of styling. Deer rifles are usually fitted with nicely finished walnut stocks and the metal is blued. Assault rifles have black plastic stocks, and the metal is given a variety of military finishes that look black and non reflective in daylight.
Which means the current hue and cry for "an assault weapons ban" is really a call to ban all firearms ownership. The anti gun crowd has taken the Parkland Florida massacre as an excuse to soap box for a ban on all gun ownership.
The Parkland shooter should have been identified as a homicidal maniac long ago and placed in a mental hospital. If we allow guys like that to run around loose, they will find a way to do evil even if they cannot purchase a gun over the counter at a gun store.
Monday, March 5, 2018
Sunday, March 4, 2018
Why cannot American Steel and Aluminum compete?
President Trump wants to slap a 25% tariff in imported steel and 10% on imported aluminum. He claims that foreign competition is so fierce that we need good stiff tariffs to preserve the American industry. That American steel and aluminum companies will be driven out of business by the foreign competition.
I'd like to know, just why the American industries cannot compete with the foreigners. Is it the worker's wages? cost of raw materials, obsolete plant and equipment, outrageous pollution regulations, high taxes, stock buybacks, overly plump dividend payments, outrageous CEO pay, or what? How plump were the last union contracts? Used to be, American industry was far more efficient than anywhere else on the globe. What happened? Why do the US metals companies "need" tariff protection. Protection that costs us consumers dearly.
Another good question. What gives the president the authority to raise tariffs on just his say-so. I thought US tariffs were acts of Congress, not executive orders.
The Journal and Fox News are running pieces against the tariff, but none of the MSM have investigated the national security ploy being used to justify a really stiff tax hike on everyone except the steel and aluminum industries.
I'd like to know, just why the American industries cannot compete with the foreigners. Is it the worker's wages? cost of raw materials, obsolete plant and equipment, outrageous pollution regulations, high taxes, stock buybacks, overly plump dividend payments, outrageous CEO pay, or what? How plump were the last union contracts? Used to be, American industry was far more efficient than anywhere else on the globe. What happened? Why do the US metals companies "need" tariff protection. Protection that costs us consumers dearly.
Another good question. What gives the president the authority to raise tariffs on just his say-so. I thought US tariffs were acts of Congress, not executive orders.
The Journal and Fox News are running pieces against the tariff, but none of the MSM have investigated the national security ploy being used to justify a really stiff tax hike on everyone except the steel and aluminum industries.
Saturday, March 3, 2018
Thinking about going to college
It's that season, at least for high school seniors. College is expensive as all get out. A four year degree can cost $100,000. Uncle Sam will loan you all that money, but you have to pay it back. Declaring personal bankruptcy won't get you out of your college loan. Most of us go to college to get a degree that leads to a good job. This only works if you graduate. If you don't graduate, you get nothing, except debts.
Time to ask yourself, do I have the stick-to-it-tivness to make it all the way to graduation? How do you feel about schoolwork, really? Does doing a term paper seem like fun? Or a hateful torment? Is reading a good history book fun? Or utterly boring? How is your high school academic record? College work is about like high school work. If you are just scraping by in high school, college will be four more years of the same.
Instead of launching into a doubtful college experience right after high school, think about doing something else after high school and then doing college later. Think about enlisting in the armed services. You will learn a lot of useful stuff, the GI benefits after I left the service paid for my electrical engineering degree, and employers like to hire veterans. Think about getting a job, just about any kind of job. After doing kindergarten followed by grades 1 thru 12 schoolwork can get old. Try a change of pace by working.
For that matter think about skilled jobs, welder, electrician, plumber, CNC operator, electronics tech, machinist, long haul trucker, lineman, heavy equipment operator. They all pay well, as well as most college degree jobs. If working with your hands in appealing to you, give it a try.
Time to ask yourself, do I have the stick-to-it-tivness to make it all the way to graduation? How do you feel about schoolwork, really? Does doing a term paper seem like fun? Or a hateful torment? Is reading a good history book fun? Or utterly boring? How is your high school academic record? College work is about like high school work. If you are just scraping by in high school, college will be four more years of the same.
Instead of launching into a doubtful college experience right after high school, think about doing something else after high school and then doing college later. Think about enlisting in the armed services. You will learn a lot of useful stuff, the GI benefits after I left the service paid for my electrical engineering degree, and employers like to hire veterans. Think about getting a job, just about any kind of job. After doing kindergarten followed by grades 1 thru 12 schoolwork can get old. Try a change of pace by working.
For that matter think about skilled jobs, welder, electrician, plumber, CNC operator, electronics tech, machinist, long haul trucker, lineman, heavy equipment operator. They all pay well, as well as most college degree jobs. If working with your hands in appealing to you, give it a try.
Friday, March 2, 2018
Senior Peacenik leaving the State Dept
The Wall St Journal calls Joseph Yun "Top U.S. Envoy for Pyongyang". Sources are muddled on this story, but the Journal's take is that Joseph Yun is leaving the State Dept because he cannot get any support for negotiations with the NORKs. They say his entire career at State was involved with relations and negotiations with Pyongyang.
Some how this guy manages to believe that the NORKS can be talked out of their nukes. And he is miffed that the Trump Administration doesn't want to play the talks game. As for me, I don't believe anything, talks, bribes, economic pressure, propaganda, even military action will get the NORKs to give up their nukes.
I wonder why we paid this delusional peacenik for so many years. He clearly doesn't understand the situation. But he drew his pay for many years.
Some how this guy manages to believe that the NORKS can be talked out of their nukes. And he is miffed that the Trump Administration doesn't want to play the talks game. As for me, I don't believe anything, talks, bribes, economic pressure, propaganda, even military action will get the NORKs to give up their nukes.
I wonder why we paid this delusional peacenik for so many years. He clearly doesn't understand the situation. But he drew his pay for many years.
Thursday, March 1, 2018
Interest rates going up against the Stock Market
Gospel at the Wall St Journal (and probably the other business publications too) is that raising interest rates hurts the stock market and falling interest rates help the stock market. The Journal is the only business publication I read, so I don't really know if the rest of the business press follows the Journal's gospel, but it's a good bet that they do.
Why this link between market performance and interest rates? Could it be that a lot of stock is bought for speculation, and on borrowed money? Margin accounts with brokerages, where the stock broker loans the investor/speculator the money to buy the stock, and the investor/speculator pledges the stock as collateral to back the loan.
Is this a good thing? Margin accounts can really slam the market hard. When the market goes down, like it did this month, the value of the stock pledged as collateral goes down. And the broker calls the investor/speculator and asks for more money to back the loan. A margin call. The only way most investor/speculators have to raise the money is to sell the stock, which drives the market down further.
The social good that the stock market performs is to make stocks into a very liquid asset. I can buy stock with my extra cash, knowing that when I need the money for something, I can sell the stock, quickly. Without the stock market, should I need to turn my stock into cash, it might take months to find someone who wants to buy my stock. And without the market doing deals and publishing the stock price, I would be hard pressed to get a decent price for my stock. I might decide not to put my money into stocks, but rather such economy boosting assets as antiques, artworks, classic cars, coins, stamps, cyber currency, or betting on sports.
The social purpose of the joint stock company is to channel investor money into companies that use the money to build factories, build railroads, buy equipment, and grow the economy. If the investor's money is just a loan, then the investor is sucking up loan money that could just as well be borrowed from banks by the company itself, rather than giving the investor a cut.
The stock market has a lot of gambling built into it. Do margin accounts, and borrowing to buy stock make it easier for companies to raise money, or do they just support the gambling part of the market? If we forbid borrowing to buy stock, would the market be steadier and more predictable?
Why this link between market performance and interest rates? Could it be that a lot of stock is bought for speculation, and on borrowed money? Margin accounts with brokerages, where the stock broker loans the investor/speculator the money to buy the stock, and the investor/speculator pledges the stock as collateral to back the loan.
Is this a good thing? Margin accounts can really slam the market hard. When the market goes down, like it did this month, the value of the stock pledged as collateral goes down. And the broker calls the investor/speculator and asks for more money to back the loan. A margin call. The only way most investor/speculators have to raise the money is to sell the stock, which drives the market down further.
The social good that the stock market performs is to make stocks into a very liquid asset. I can buy stock with my extra cash, knowing that when I need the money for something, I can sell the stock, quickly. Without the stock market, should I need to turn my stock into cash, it might take months to find someone who wants to buy my stock. And without the market doing deals and publishing the stock price, I would be hard pressed to get a decent price for my stock. I might decide not to put my money into stocks, but rather such economy boosting assets as antiques, artworks, classic cars, coins, stamps, cyber currency, or betting on sports.
The social purpose of the joint stock company is to channel investor money into companies that use the money to build factories, build railroads, buy equipment, and grow the economy. If the investor's money is just a loan, then the investor is sucking up loan money that could just as well be borrowed from banks by the company itself, rather than giving the investor a cut.
The stock market has a lot of gambling built into it. Do margin accounts, and borrowing to buy stock make it easier for companies to raise money, or do they just support the gambling part of the market? If we forbid borrowing to buy stock, would the market be steadier and more predictable?
Wednesday, February 28, 2018
V-22 Osprey vs large Helicopters
A few numbers:
Chinook CH-47
Cost $38 million
Combat Radius 200 miles
Cruise Speed 160 knots
Payload 24,000 lbs
Super Stallion CH53
Cost $24 million
Combat Radius 621 miles
Cruise Speed 150 knots
Payload 30,000 lbs
Osprey V-22
Cost $72.1 million
Combat Radius 426 miles
Cruise Speed 275 knots
Payload 20,000 lbs
The Marine Corps loves the V-22. Not sure why. All the V-22 offers over the CH53 is much higher cruise speed. The CH-53 has better combat radius and payload. We could buy three CH-53 helicopters for the price of a single V-22.
Chinook CH-47
Cost $38 million
Combat Radius 200 miles
Cruise Speed 160 knots
Payload 24,000 lbs
Super Stallion CH53
Cost $24 million
Combat Radius 621 miles
Cruise Speed 150 knots
Payload 30,000 lbs
Osprey V-22
Cost $72.1 million
Combat Radius 426 miles
Cruise Speed 275 knots
Payload 20,000 lbs
The Marine Corps loves the V-22. Not sure why. All the V-22 offers over the CH53 is much higher cruise speed. The CH-53 has better combat radius and payload. We could buy three CH-53 helicopters for the price of a single V-22.
Tuesday, February 27, 2018
Taking Honest Work From Trial Lawyers
Yesterday's Wall St Journal had an op-ed piece headlined "Safety from Hackers -- and Trial Lawyers". The author, Brian E. Finch is a lawyer working for a "cyber security" law firm. He is advocating passage of the "Cyber Safety Act" thru Congress. This act would shield companies from law suits over security breaches.
Right now, companies can get sued down to their socks when hackers get thru their security and steal customer lists, with addresses and credit card numbers. Mr. Evans thinks this liability is horrible and discourages innovation in the tech industry.
Me, I think fear of lawsuits is the only thing preventing companies from selling even more insecure products than they do today. Suing Micro$oft for the uncounted security holes in Windows would improve world wide cyber security. The hackers that cracked the federal Office of Personal Management got their hands on my old Air Force service records and records of security clearances that I held for years after leaving the Air Force. Right now, any thoughtful company will take all the precautions it can think of to keep hackers out, for fear of dreadful law suits and market annilation when loopholes let the hackers in.
We got a lot of excess lawyers sloshing around the country, mostly causing trouble. Let's put them to work suing companies that peddle insecure products or who fail to safeguard their customer's records.
Right now, companies can get sued down to their socks when hackers get thru their security and steal customer lists, with addresses and credit card numbers. Mr. Evans thinks this liability is horrible and discourages innovation in the tech industry.
Me, I think fear of lawsuits is the only thing preventing companies from selling even more insecure products than they do today. Suing Micro$oft for the uncounted security holes in Windows would improve world wide cyber security. The hackers that cracked the federal Office of Personal Management got their hands on my old Air Force service records and records of security clearances that I held for years after leaving the Air Force. Right now, any thoughtful company will take all the precautions it can think of to keep hackers out, for fear of dreadful law suits and market annilation when loopholes let the hackers in.
We got a lot of excess lawyers sloshing around the country, mostly causing trouble. Let's put them to work suing companies that peddle insecure products or who fail to safeguard their customer's records.
Subscribe to:
Posts (Atom)