Sunday, January 31, 2010

Catcher in the Rye

The death of the author, J.D. Salinger, brought the book back to mind. I first read it in high school, on my own time, 'cause of the buzz it was getting. The book was new then. Like Holden Caulfield, I was attending boarding school, in fact a boarding school within 75 miles of Holden's fictional school. I could relate to Holden's desire to go to New York, to get served, and then get laid.

Unlike truly well written books, Catcher required real effort to keep reading. About three quarters of the way thru, where Holden starts obsessing about hairs in his roommate's razor, I decided Holden was a nut case and I was wasting my time reading about him. Forty odd years later, my son is required to read Catcher for school. So I borrowed his copy and read it thru, so I could discuss it with some authority.
On the second reading, I was struck by how Holden goes around with a kick-me sign on his back and then wonders why he isn't very popular at school. Early on Holden manages to loose the fencing teams equipment on the way to a match. It never occurs to him that his team mates are going think he is a jerk for that play. He takes advantage of his younger sister who adores him and lacks the courage to actually get sexual with a prostitute. With a more adult viewpoint, I could see that Holden, in addition to being a nut case, was a loser to boot. This time I got to the end and see Holden incarcerated in a booby hatch. At last, there is justice in the world I thought.
Son was unimpressed with Catcher. Teachers all love it.

Saturday, January 30, 2010

5.7 % GNP growth. Do I believe it?

Yesterday the TV announced the US gross national product (GNP) had grown 5/7% in the last quarter of 2009.
Wow. Normal GNP growth is 3%, that number holds good all the way back to WWII. 5.7% is a boom.
Why does not the country feel like boom times? Could the figures be off or fudged? How can the country raise output of goods and services 5.7% with 10% of the workforce laid off? Surely it requires workers to turn out the goods.
On the other hand, if the number is real, Great Depression 2.0 is easing off. Lets hope.

Friday, January 29, 2010

Commentary on Avatar

Commentary, a conservative high brow magazine of politics and the arts, did a piece on Avatar. Not remarkable, it's only the top grossing movie of all time and thus worthy of a writeup. Stephen Hunter does the review and gets sucked into a search for the deep inner meaning of the flick. Trouble is, there is no deep inner meaning. The plot is shallow, as shallow as a Western or a Bond movie. Focusing on the light weight plot doesn't do much for his readers, most of whom have seen the movie by now. We know the plot was so light weight as to float. We enjoyed the scenery, the fighting, the flying, and exploring the lush jungle of Pandora.
A more perceptive review would have explored just what made this movie the all time best seller/top grosser despite the light weight plot, cardboard characters, and good guy bad guy role reversal.
Especially as Avatar is a "see once" movie, unlike Star Wars which racked up money from awe struck fans seeing it two, three, and four times.

Thursday, January 28, 2010

State of the Union (SOTU for short)

I stayed up and watched it. It was unsatisfying. It ran forever. It was mostly bafflegab, motherhood and apple pie. Obama isn't changing direction, at least not much. The speech had no overall unity, it was a collection of political sound bites, one after the other, each one so vague as to be meaningless. It certainly didn't call the democrats to arms in the face of the Scott Brown threat, or state broad principles that drive his administration. No rousing lines to match "We shall fight them on the beaches,... " or "Ask not what your country can do for you..."
A few surprises. Obama admitted that his health care is not politically popular. This provoked a nervous titter of laughter. Then he said they ought to pass it anyhow. A real democrat here. Clearly Obama has gone far beyond believing that politicians are supposed to represent the voters. Obama still believes in global warming and still wants the job destroying cap & trade bill. He mentioned foreign trade and Columbia, South Korea, and somewhere else, but he did not advocate passing the free trade treaties for those countries bottled up in Congress.
He attacked the recent Supreme Court decision that overturned McCain-Feingold and allows unions, corporations large and small, and other organizations to, print and televise their viewpoints about political matters. Freedom of speech for unions and corporations. Obama is against it, although he didn't state what he wanted to do about it.
One good thing, he did speak up in favor of nuclear power and domestic oil and gas production. That was the only good thing in an hour and a half.

Wednesday, January 27, 2010

Who caused Great Depression 2.0?

Actually, it's like Murder on the Oriente Express, they all did it. But, one major villain is Elliot Spitzer, New York Attorney General and later Governor. While Attorney General, Spitzer targeted Hank Greenburg, president of AIG. Spitzer made such a stink that Greenburg stepped down as president. He never actually brought charges against Greenburg, but he made blood curdling threats which panicked AIG's board.
AIG was Greenburg's personal creation. He had assembled company after company into the biggest insurance company in the world. Greenburg was the only man competent to run AIG. He was a difficult man to work for, and so all the competent people in the organization had left for greener pastures, leaving a corporation staffed with narrow gauge yes men. With Greenburg gone, AIG began to slide down hill. The surviving management began gambling in the "credit default swap" market to make a quick buck.
Credit default swaps are insurance under a silly name. The deal goes like this. The seller, for a small fee, promises to insure some other company's debt against default. They became immensely popular with traders in risky bonds and securities. Give AIG a small cut, and take the rest of the income risk free. What's not to like?
When the market collapsed in September, AIG suddenly had to pay off zillions and it didn't have the money. Eventually we taxpayers paid off $140 billion of AIG's bad bets, making the buyers (Goldman Sachs, Lehman, Merrill Lynch & company) whole. We probably should have flushed the buyers down the drain, but at the time responsible officials (Treasury Secretary Paulson and Fed chairman Bernanke) thought that was just too dangerous. They only flushed Lehman and paid off the others.
If savvy old Hank Greenburg had still been running AIG, this probably would not have happened. Elliot Spitzer drove the man with his finger in the dike away and sure enough, the dike failed.

Tuesday, January 26, 2010

All the data that is fit to print

Is the world getting warmer? How do you tell? One way is to look at temperature readings from the past. NOAA has collected thermometer readings going back to 1701 and posted them on line.
One would think, that you just average all the temperature readings over one year, and you have the average temperature for that year.
Other clever folks have been looking at the raw data and finding discrepancies in it. Jogs up and down, missing data, "urban heat island effect", and other stuff. The clever folk advocate "correcting" the data to "eliminate errors". Trouble is, the "correctors" seldom explain the basis of the "corrections". Worse, some of them work for NOAA and have been "correcting" the raw data files. The "hockey stick" graph was produced by "correcting" the data.
Years ago Scientific American did an article on historical temperature. They gathered up all sorts of records and them "corrected" the data for all sorts of effects. Scientific American, to its credit, did explain their corrections. After doing all the correction, the author declared a small amount of global warmin was visible. However, the amount of warming was smaller than the corrections applied.
Moral of the story. Stick with raw data. Corrections are untrustworthy.

Sunday, January 24, 2010

Doing Osama's propaganda for him,

An audio tape surfaced, alleged to be from Bin Ladin. As usual, our brain dead CIA is doing voice analysis and will pronounce the tape authentic.
Why do we do this? Bin Laden audiotapes are bin Laden propaganda. Every time we "authenticate" Bin Laden's propaganda we make it more effective. Lots of people have doubts about these audiotapes. But after his enemies, the American CIA, pronounce them real, many will believe them.
Let Bin Laden do the heavy lifting to convince the followers (including the MSM) that his propaganda is coming from him, rather than imposters.