Showing posts with label filthy lucre. Show all posts
Showing posts with label filthy lucre. Show all posts

Tuesday, May 27, 2025

So much for Reason Magazine

They have said for years that they are libertarian.  That's not true.  By their works shall ye know them, and all that.

Rather, they're Washington Establishment, Libertarian Department.  Everything is not pro-liberty, it's anti-Trump, all the time.  (Speculation Alert) Probably their big donors insist on this, and you can't jeopardize the gravy train.

Case in point: Trump's biggest libertarian action to date (which dwarfs the DOGE spending cuts) is his executive order requiring each Agency to post all the regulations they have promulgated which have criminal penalties, and requiring the Agencies to rescind all that do not have a Mens Rea requirement. Seemingly there are hundreds of thousands of these, and not even the Agencies themselves know exactly how many.  Thus, the need for the executive order.

Mens Rea is the legal term that defines knowledge that you are about to commit a crime - regulations with criminal penalties where you don't even have to know that it's a crime are basically the definition of tyranny.

You'd think that libertarians would be cheering this executive order from the rooftops. 

[crickets]

I can only find one article on the subject which, despite its reluctance to do so gives credit where it is due.  They even say this sort of regulation turns the rule of law into a cruel joke.  So where's the celebration of a huge win for freedom?  Where's the victory lap for self-proclaimed champions of "Free Minds and Free Markets"?

To ask the questions are to answer them.  Donald Trump obviously provides the Wrong Sort of freedom.  [rolls eyes]

Tagged Statist Pricks, Hypocrites R Us, and Filthy Lucre because, well, you know.

HYPOCRITE, n. One who, professing virtues that he does not respect, secures the advantage of seeming to be what he despises. 

- Ambrose Bierce, The Devil's Dictionary

Friday, March 26, 2021

Dad Joke XLVIII

Did you hear about the guy who made a boatload of money investing in Apple?  It turns out that it was in cider trading. 

Wednesday, July 24, 2019

"Green" energy is destroying the environment

Windmills kill far more wildlife than has been previously reported:
“There is strong evidence that many insect populations are under serious threat and are declining in many places across the globe,” notes Extinction Rebellion. “A 27-year long population monitoring study in Germany revealed a dramatic 76% decline in flying insect biomass.”
What Extinction Rebellion does not mention is that scientists in Germany say wind turbines appear to be contributing significantly to what it calls the “insect die-off.”
Germany’s leading technology assessment research institute published a study last October concluding that the rapid expansion of wind farms threatens insect populations.
Dr. Franz Trieb of the Institute of Engineering Thermodynamics concludes that a "rough but conservative estimate of the impact of wind farms on flying insects in Germany" is a “loss of about 1.2 trillion insects of different species per year” which “could be relevant for population stability.”
It seems that this hammer of Green Doom falls most strongly on migrating insect populations (i.e. kills breeding populations).  OK, but it's just insects, right?
“Wind energy facilities kill a significant number of bats far exceeding any documented natural or human-caused sources of mortality in the affected species,” writes Cryan.
Cryan is emphatic on this point. “There are no other well-documented threats to populations of migratory tree bats that cause mortality of similar magnitude to that observed at wind turbines.”  
Another leading bat expert, Patricia Brown, agrees. More than a decade ago she warned California energy regulators that wind turbines could be the “nail in the coffin” for some migratory bat species.
But bats are icky, right.  No biggie.
Wind turbines have also emerged as one of the greatest human threats to many species of large, threatened and high-conservation value birds, after habitat loss from agriculture. 
Wind energy threatens golden eagles, bald eagles, burrowing owls, red-tailed hawks, Swainson’s hawks, American kestrels, white-tailed kites, peregrine falcons, and prairie falcons, among many others. 
The expansion of wind turbines could result in the extinction of the golden eagle in the western United States, where its population is at an unsustainably low level
Any additional mortalities to the golden eagle threatens the species with extinction, scientists with US Fish and Wildlife warned 10 years ago, before the last decade’s massive expansion of wind farms.

Oh, damnitall.  How come we haven't been hearing this?
Aren’t bats protected from wind turbines by government agencies enforcing the Endangered Species Act and other conservation laws? They're not.
“None of the migratory bats known to be most affected by wind turbines are protected by conservation laws,” writes Cryan, “nor is there a legal mandate driving research into the problem or implementation of potential solutions.” 
No research funding?  Hmmmm.
Where government agencies routinely require permits for development near wetlands, in order to protect bird species, they rarely require the same for wind farms, even though the wildlife impacts can be far greater.   
Nor do governments require that wind developers disclose when they kill birds and bats, or count the dead. Wind developers have even sued to prevent the public from accessing data about bird kills.  
Incredibly, wind developers are allowed to self-report violations of the Migratory Bird Treaty Act, the Endangered Species Act, and the Bald and Golden Eagle Protection Act.
The data are self-reported by interested parties, not by scientists?  Hmmmm.
Environmental journalists deserve a significant amount of blame for suggesting the problem is either small or has been solved. “Wind farm works to reduce eagle deaths from old turbines,” reads the headline of a PBS Newshour story that typifies journalistic bias.  
But greater responsibility for the threatened extinction of birds and bats lies with environmentalists who promote wind energy as good for the environment.  
Against the best-available science, Sierra Club claims that “the toll from turbines is far from a major cause of bird mortality.” 
Natural Resources Defense Council (NRDC) recently endorsed a massive expansion of wind turbines on the Great Lakes against the opposition from local wildlife experts, birders, and conservationists, who note that the lakes are one of the world’s most important sanctuaries to many migratory bird species.
Environmentalists sweeping environmental impacts under the rug?  Hmmmm.

What gives with all this?  These people are acting in precisely the opposite manner than you would expect.  Why?



Remember this commercial?  It used to be on the Sunday talking heads shows in the 1990s.  That's T. Boone Pickens, modern industrial Robber Barron.  Why is he pushing wind power, which is a lot more expensive than goal or gas.  What's his deal?  Why was he pushing wind power so much?

Subsidies:
It gets lots more complicated when you consider that the wind farms are being subsidized by the government with the Production Tax Credit (PTC). A tax credit should not be confused with a tax deduction. A deduction reduces the amount of income you pay taxes on. is paying taxes on. A credit is money back. And the PTC is a “Refundable Tax Credit” which means the company does not just get to pay fewer taxes but actually gets paid by the government even if it does not owe any taxes.
The PTC subsidy has been in effect now for 27 years. Congress has adjusted the PTC many times through the years but today the subsidy is about $.02/kWhr. So, the power company gets money back in the form of a subsidy for roughly 67% of what they produce – i.e., the company gets money back to the tune of $.02/kWhr after it sells the electricity for $.03/kWhr. If the company sells $3 million of electricity they get the $3 million plus a PTC subsidy of $2 million. That is a huge subsidy! In fact, I think it is the biggest subsidy ever given for anything.
T. Boone Pickens and Warren Buffett both have huge investments in these things and both have openly said that wind farms would not be economic without the PTC.
(There's a lot of information at that link and you should definitely RTWT.  It's actually much worse than this)

So the Robber Barons are driven by fithy lucre, in the form of sweet, sweet "green" subsidies which inflate the value of the investment by 2/3.  What are the chances that Friends of the Earth and the Sierra Club get a lot of donations from corporate foundations?

Hmmmm.  At this point I'm thinking about how Lenin called liberal supporters "Useful Idiots" and thinking about the rank and file environmentalists.  Most of these folks seem like people, and not the sort to be used as tools by the likes of T. Boone Pickens.

Hmmmm.  It's not easy being green.

Note: the picture of the dead eagle is from savetheeaglesinternational.org.  They have a lot more about this.

Wednesday, November 21, 2018

Tom Lehrer - A Christmas Carol

I know that it's not even Thanksgiving but ASM826 pointed out that the stores are already in a frenzy.  Here's a musical tribute to the corruption of the season by filthy lucre.

Friday, December 15, 2017

Climate Scientists follow the money

In a very literal way:
French government broadcaster France24 claims President Macron’s offer of fifty grants is luring climate scientists away from the US to work in France.
US researchers flock to join Macron’s climate change project
Latest update : 2017-12-13
Eighteen climate scientists, 13 of them based in the United States, were on Monday named the first beneficiaries of the research grants linked to French President Macron’s “Make Our Planet Great Again” project, which will see them relocate to France.
On one hand, I can see why a scientist who is losing his US Government grant (and therefore likely his job) would look for a different (paying) gig.  On the other hand, it's hard to see how claims of "scientific independence" can possibly apply to the research done by these scientists.  The guy who pays the coin is the guy who calls the tune.

Remember this when some idjit blabbers to you about how Exxon has funded "Climate Deniers".

Monday, July 25, 2016

Environmentalism is a scam

It's not about the principle, it's all about power and filthy lucre:
How do humans save nature? By caring for people. Poor nations access cheap and reliable energy to grow more food on less land, create jobs in cities, and reduce fertility. All of this urbanization & increasing yields returns the countryside to grasslands, forests and wildlife. In rich countries — where forests & wildlife are returning — the key to environmental progress is to move to ever-cleaner and safer forms of energy, including nuclear power.
Unfortunately, both of these strategies are increasingly opposed by powerful interests. Using a variety of policy and regulatory mechanisms, large NGOs, European governments, and financial institutions in rich countries are forcing the closure of our largest source of clean energy, nuclear power plants, all while diverting funding from cheap and reliable power to expensive and unreliable off-grid solutions incapable of lifting billions from poverty.
A new group has formed to seize the bull by the horns:
Our ambitions are immodest: we seek to double the rates of both a. electricity growth in poor nations and b. new clean energy generation globally by 2025. Our strategy is to build a grassroots social movement capable of changing minds and policies.
We seek first to stop the premature closure of nuclear plants, restart shuttered plants, and increase the rate at which nations build new nuclear plants, whether Generation III or Gen IV. Second, we seek to motivate policymakers, private banks and public financial institutions to significantly reduce the cost and increase the availability of credit for inexpensive baseload electricity in nations where people still rely on wood and dung as their primary energy.
This actually makes enormous sense, and so we can expect that it will be opposed tooth and nail by all Right Thinking People™.

Friday, July 22, 2016

Green energy = prices increase by 14,000%

Who could have seen this coming?
The South Australian Government been forced to beg fossil fuel operators to bring mothballed plants back online, to contain wild swings in electricity spot price caused by unstable renewable production, prices which last month peaked at $14,000 / MWh – up from more normal prices of $100 / MWh which prevailed before political favouritism towards renewables messed up the market.
Well, knock me over with a feather!  You mean that there's some sort of law of "Supply and Demand", and if the supply tanks because of unreliable generating capacity then the price will spike? Whodathunkit?

Boy, it's pretty amazing that a few dirty hippy tree huggers can bring a nation's factories to their knees, huh?  It's almost as if there's someone else behind "political favoritism".  Now who might that be?
According to the Financial Post;
Climate change initiatives a $7-trillion funding opportunity for capital markets: Carney
TORONTO The trillions needed to fund global carbon reduction commitments in the coming years is a big opportunity for investors, Bank of England Governor Mark Carney said Friday in a speech to Toronto’s financial community.
Huh.  The banksters see a multi trillion dollar opportunity that just oh by the way requires factories to pay a bazillion bucks more, which they pass on to us in the form of higher prices (or higher unemployment if the factory can't compete in a globalized economy)?  Whodathunkit?

I must say that it's odd to find environmentalists to be corporate shills for big banking, though.

Tuesday, February 9, 2016

How Venture Capital works in the Internet Security market

Interesting article over at Robert Graham's blog, using a recent startup flameout as an example of how the VC work works.  My track record has been sort of all over the map - at a successful IPO, at a successful acquisition, at a long, protracted zombie existence.  Robert lays it out the way it is.

If you're interested in how capital fuels Internet Security, this is a great article.

Monday, August 25, 2014

The Hitler Diaries v2.0

I call fake:

First Superman comic is expected to fetch millions on eBay

The copy of Action Comics #1 is said to be in the best condition of any copy currently in existence.

...

According to Cnet, the copy soon to be auctioned on eBay was rated by the Certified Guaranty Company, a well-known comic book quality rating company, as having a condition of 9.0 out of 10, the highest quality rating a copy of Action Comics #1 has ever received. The colors are said to be vibrant, and it even has white pages where most existing copies have long since yellowed.
These were printed on pulp paper, the cheapest available at the time (well, maybe newsprint was a little cheaper, but not much).  There was a ton of acid residue left over in the paper, which is why these things would yellow over time.  This is why when you have a particularly nice piece of art framed that you use "acid free" matting.

This is a hoax, just like the Diaries.  And for precisely the same reason. But this does highlight the first rule of eBay: "A [blank] and his [blank] are soon [blank]."  There will be a short quiz at the end of the day.

Thursday, July 31, 2014

Saturday, February 8, 2014

And now, a message from our sponsors ...

You will notice that I've become an Amazon Affiliate, and put a quick link to Amazon in the upper right hand corner.  This is an experiment to see if the blog has enough traffic to generate some coin for the ammo and motorcycle fund.  The nice thing about the affiliate program is that it costs you nothing if you buy from Amazon via this link, but you'll be helping put ammo in the armory and gas into the motorcycle.

Not sure if this works for anyone, but I (and the motorcycle) would be right appreciative if you'd use this for your (ahem) Valentine's Day needs.

We now return to our regularly scheduled blogging.

Sunday, January 19, 2014

Does anyone make any money on blog ads?

I've resisted putting up blog ads here because I don't want to annoy you, gentle reader.  However, the traffic here has been ramping up (thank you, gentle reader) and when Captain Capitalism was here he said that I should make the jump.

And alas for my stoutness of heart, it might pay for the better part of a motorcycle.  Sigh - I'm a bit chastened to see just how low is the price for my principles ...

And so, gentle reader - do you care if I put ads up?  Also, if anyone is actually making some money on their blog ads, please shoot me an email.