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Partly collected thoughts.
The third thing we must do is not to be content with mere political democracy. We must make our political democracy a social democracy as well. Political democracy cannot last unless there lies at the base of it social democracy. What does social democracy mean? It means a way of life which recognises liberty, equality and fraternity as the principles of life. These principles of liberty, equality and fraternity are not to be treated as separate items in a trinity. They form a union of trinity in the sense that to divorce one from the other is to defeat the very purpose of democracy. Liberty cannot be divorced from equality; equality cannot be divorced from liberty. Nor can liberty and equality be divorced from fraternity. Without equality, liberty would produce the supremacy of the few over the many. Equality without liberty would kill individual initiative. Without fraternity, liberty and equality could not become a natural course of things. It would require a constable to enforce them.
On the ultimately decisive economic front the Government has added to its own burdens by its blind and bland acceptance of Gandhi's policy towards decontrol. The Mahatma's approach to economics is unashamedly pre-feudal, and he has converted the doctrine of laissez-faire beyond the dreams of Adam Smith into what is little less than a branch of metaphysics. We now have the spectacle of a Government trying to create a modern State and depriving itself of the power to tackle food-hoarders and price-ring profiteers save through appeals to their social conscience, the one commodity in which they are totally lacking. The decontrol policy has been opposed by Mountbatten as well as by all responsible Civil Service advisers without exception. It is the outcome solely of the Government's awe of Gandhi. It is causing almost at once a vicious spiral of inflation, and will involve an extra eight crores of rupees on Civil Service salaries alone to meet the rise in prices. Altogether it is estimated that some one hundred and ten crores of rupees will need to be pumped in to meet the cost of Gandhi's economic ideas. Sugar and salt have both rocketed up to one rupee eight annas a seer - the rise in the price of salt being no less than five hundred per cent.
A demagogue, in addition to hypnotic glibness, must also be intellectually inconsistent, sometimes boldly so. This eliminates challenges to authority by weeding out clear-thinking young people from the flock.
Recently, House Speaker John Boehner channeled Rand when he said, "Job creators in America basically are on strike."
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This idea that Boehner put forth in a recent speech before the Economic Club of Washington, D.C., could have come straight from Atlas Shrugged.
Businesses, Boehner said, need to be set free. Instead, "they've been antagonized by a government that favors bureaucrats over market-based solutions. They've been demoralized by a government that causes despair, when what we really need is to provide reassurance and inspire hope in our economy."
Boehner uses the language of slavery when he says, "We need to liberate our economy from the shackles of Washington."The problem with Boehner's (and all the other examples in the NPR piece) is that corporations are doing very well.
Corporate profits in the second quarter grew to $1.467 trillion annualized-up from $1.455 trillion in the fourth quarter (previously $1.476 trillion). Today's report includes annual revisions. Profits in the second quarter rose an annualized 3.3 percent, following a 39.9 percent surge the quarter before (previously 35.2). The upward revision to the first quarter is due to a downward revision to the fourth quarter. Profits are after tax but without inventory valuation and capital consumption adjustments. Corporate profits are unchanged on a year-on-year basis, compared to up 2.8 percent in the first quarter. Growth in profits is extremely volatile over recession/recovery periods and is slowing from the spike in late 2009 and early 2010. The recent peak in year-ago growth was 115.9 percent for the fourth quarter of 2009.and
The new figures indicate that corporate profits accounted for 14 percent of the total national income in 2010, the highest proportion ever recorded. The previous peak, of 13.6 percent, was set in 1942 when the need for war materials filled the order books of companies at the same time as the government imposed wage and price controls, holding down the costs companies had to pay.
There have been 10 years when corporate profits as a share of national income exceeded 13 percent — 1941, ’42, ’43, ’50, ’51, ’55, ’65, ’66, 2006 and 2010. In eight of those years, the economy, as measured by real gross national product, grew at a rate of greater than 6 percent.
The exceptions were 2006, when real growth was just 2.7 percent, and 2010, when it was 3 percent.
The 19th-century Mormon theologian Orson Pratt, who was close both to Joseph Smith and Brigham Young, stated a principle the Church of Jesus Christ of Latter-day Saints has never repudiated: “Any people attempting to govern themselves by laws of their own making, and by officers of their own appointment, are in direct rebellion against the kingdom of God.”
Ida: Sorry! So, we’ve talked about Noon, we’ve talked about Pakistan and your father, what about India? You’ve said some pretty harsh things about a certain writer cum activists on the Left–no names!–who, we in the States, kind of like. She seems, in an environment of rapacious capitalism, to be a friend of the poor and marginalised. What possible objection could you have to her?
Aatish: None except that I don’t think she’s a friend of the poor at all. She would like to doom them to a permanent state of picturesque poverty. They are beautiful to her–the poor–beautiful, benign and faceless. And that is exactly how she wants them to stay. Let me say also that it is not the poor who animate her politics. Oh, no! The people who get her into the streets are the new middle classes. This class, still among the most fragile in India, people who have newly emerged from the most dire conditions, are despicable to her. She mocks their clothes; their trouble with English; she hates their ambitions; when India wins the cricket and she sees them celebrating, her skin crawls; she wants, more than anything, to do these people down. And it is her overwhelming hatred of them that allows her to be a friend of movements that are seemingly far apart. The jihadists, the Maoists, the Kashmir movement, the anti-development people…they’re all her friends. Anyone who can prove a credible threat to the future of India is a friend of that woman. I would go so far as to say she has a prurient fascination with the enemies of India. And where do they love her? In Pakistan, and in the faculty rooms of Europe and America. No surprise there.
Also, this business of pretending she’s a lone voice in the wilderness. What rubbish! At least have the good grace to admit that not one thing she says is provocative or new; it is perfectly banal. And we know how well the universities Europe and America reward this bogus cant!
About Statistical Questions Involved in the Data Analysis of the OPERA Experiment
Authors: H. Bergeron
(Submitted on 24 Oct 2011)
Abstract: The authors of the OPERA experiment [arXiv:1109.4897] claim that "the measurement indicates an early arrival time of CNGS muon neutrinos with respect to the one computed assuming the speed of light in vacuum". In this note we analyze the statistical aspects of the experimental results presented in [arXiv:1109.4897], assuming that no hidden experimental bias exists. Due to statistical constraints, we show (through two different methods) that the experimental data presented in [arXiv:1109.4897] do not permit to conclude unambiguously with the existence of a superluminal behavior of neutrinos. The problem lies essentially in the interpretation of the data and not in their veracity.
The concept of coordinate time in a local inertial frame is established for the GPS as follows. In the local Earth-Centered Inertial frame, imagine a network of atomic clocks at rest and synchronized using constancy of c. To each real, moving clock apply corrections to yield a paper clock which then agrees with one of these hypothetical clocks in the underlying inertial frame, with which the moving clock instantaneously coincides. The time resulting from such corrections is then a coordinate time, free from inconsistencies, whose rate is determined by clocks at rest on the earth's rotating geoid.
At the end of the last century America had Bob Hope, Johnny Cash, and Steve Jobs. Now we have no Jobs, No Cash, and No Hope.
hep-ph is chock-a-block with papers purporting to explain the OPERA results, using theoretical models of varying degrees of absurdity.Perhaps Sabine Hossenfelder has it right, in her tweet:
Explanation for OPERA result: A 5th force connecting the GPS with the collective physicists' subconsciousness begging for unexplained data.
Abstract: The OPERA collaboration has claimed that muon neutrinos with mean energy of 17.5 GeV travel 730 km from CERN to the Gran Sasso at a speed exceeding that of light by about 7.5 km/s or 25 ppm. However, we show that such superluminal neutrinos would lose energy rapidly via the bremsstrahlung of electron-positron pairs ($\nu\rightarrow \nu+e^-+e^+$). For the claimed superluminal neutrino velocity and at the stated mean neutrino energy, we find that most of the neutrinos would have suffered several pair emissions en route, causing the beam to be depleted of higher energy neutrinos. Thus we refute the superluminal interpretation of the OPERA result. Furthermore, we appeal to Super-Kamiokande and IceCube data to establish strong new limits on the superluminal propagation of high-energy neutrinos.
CNGS Beam Run 2010 (29 April - 22 Nov): Total 4.04E19 Protons on Target
CNGS Beam Run 2009 (27 May - 23 Nov): Total 3.52E19 Protons on Target
CNGS Beam Run 2008 (8 Jun- 3 Nov): Total 1.78E19 Protons on Target

A Lloyd's insurance syndicate has begun a landmark legal case against Saudi Arabia, accusing the kingdom of indirectly funding al-Qa'ida and demanding the repayment of £136m it paid out to victims of the 9/11 attacks.
The Brighton-based Lloyd's 3500 syndicate, which paid $215m compensation to companies and individuals involved, alleges that the oil-rich Middle Eastern superpower bears primary responsibility for the atrocity because al-Qa'ida was supported by banks and charities acting as "agents and alter egos" for the Saudi state.
The detailed case, which names a number of prominent Saudi charities and banks as well as a leading member of the al-Saud royal family, will cause embarrassment to the Saudi government, which has long denied claims that Osama bin Laden's organisation received official financial and practical support from his native country.
It may be that "the major carbon repository in Earth is probably the mantle, rather than the atmosphere or biosphere, but it is the least well understood," Walter told OurAmazingPlanet. "The mantle reservoir might affect the global cycle over Earth's history."From here. The grasping at straws part comes from the wild hope that the solution to our global warming problem somehow lies in harnessing the mantle.
Oh, brother.
When a self-promoter like The Donald jumps on a bandwagon, you know it's getting a little old. For all his big reputation, Trump's career over the past two decades is littered with the wreckage of high-profile deals he cut at the peak of each boom. Think: Trump Taj Mahal casino (bankruptcy, 1991). Trump Hotels & Casino Resorts (2004). Trump Entertainment Resorts (2009).
Or the "Trump International Hotel & Tower," a luxury condo development in Fort Lauderdale planned and built in happier times.
News that Trump is backing gold comes after the metal has already skyrocketed in price. Gold has so far jumped nearly 30% so far this year, and more than 500% in a decade.
What's next?

Of course, there are some secular trends now that were not there in the 1980s- namely the increasing buying power in the gold-hungry countries of India and China. So when the price of gold eases, it will probably stabilize at a higher real price than the 1985-2006 average. I suppose.
Why has this been a lost decade? An answer can be found in one simple comparison: How Dwight Eisenhower and his successors used the cold war and how George W. Bush used 9/11. America had to face down the Russians in the cold war. America had to respond to 9/11 and the threat of Al Qaeda. But the critical difference between the two was this: Beginning with Eisenhower and continuing to some degree with every cold war president, we used the cold war and the Russian threat as a reason and motivator to do big, hard things together at home — to do nation-building in America. We used it to build the interstate highway system, put a man on the moon, push out the boundaries of science, teach new languages, maintain fiscal discipline and, when needed, raise taxes. We won the cold war with collective action.
George W. Bush did the opposite. He used 9/11 as an excuse to lower taxes, to start two wars that — for the first time in our history — were not paid for by tax increases, and to create a costly new entitlement in Medicare prescription drugs.
that a benchmark production planning model solved using linear programming would have taken 82 years to solve in 1988, using the computers and the linear programming algorithms of the day. Fifteen years later—in 2003—this same model could be solved in roughly 1 minute, an improvement by a factor of roughly 43 million. Of this, a factor of roughly 1,000 was due to increased processor speed, whereas a factor of roughly 43,000 was due to improvements in algorithms!
Sustained and courageous effort enables man to see Fate turn its back and flee from the field.
“So the decline of manufacturing in a region sets off a chain reaction. Once manufacturing is outsourced, process-engineering expertise can’t be maintained, since it depends on daily interactions with manufacturing. Without process-engineering capabilities, companies find it increasingly difficult to conduct advanced research on next-generation process technologies. Without the ability to develop such new processes, they find they can no longer develop new products. In the long term, then, an economy that lacks an infrastructure for advanced process engineering and manufacturing will lose its ability to innovate.”
Obama was truly stung by his budget experience with John Boehner. And now, Senator Tom Coburn, whom Obama called “not only a dear friend, but also a brother in Christ” at February’s National Prayer Breakfast, tells a town hall in Oklahoma that Obama’s views are “goofy and wrong,” and that the president wants to “create dependency” because “as an African-American male,” he had received “tremendous benefit” from government programs.
There is no way to sell the idea that being a black man in America gives you tremendous benefit.
How does Obama feel after his brother in Christ painted him as something akin to a welfare queen and an affirmative-action president?
Let us take today’s lesson from Frost, who deliciously wrote in “The Lesson for Today”:
I’m liberal. You, you aristocrat,
Won’t know exactly what I mean by that.
I mean so altruistically moral
I never take my own side in a quarrel.
"As they look beyond the genome, cancer researchers are also awakening to the fact that some 90 percent of the protein-encoding cells in our body are microbes. We evolved with them in a symbiotic relationship, which raises the question of just who is occupying whom."
“We are massively outnumbered,” said Jeremy K. Nicholson, chairman of biological chemistry and head of the department of surgery and cancer at Imperial College London. Altogether, he said, 99 percent of the functional genes in the body are microbial.
Between 2006 and 2008, among moderately educated women, 44 percent of all births occurred outside marriage, not far off the rate (54 percent) among high-school dropouts; among college-educated women, that proportion was just 6 percent.
The same pattern—families of middle-class nonprofessionals now resembling those of high-school dropouts more than those of college graduates—emerges with norm after norm: the percentage of 14-year-old girls living with both their mother and father; the percentage of adolescents wanting to attend college “very much”; the percentage of adolescents who say they’d be embarrassed if they got (or got someone) pregnant; the percentage of never-married young adults using birth control all the time.
British youth leads the Western world in almost all aspects of social pathology, from teenage pregnancy to drug taking, from drunkenness to violent criminality. There is no form of bad behaviour that our version of the welfare state has not sought out and subsidised.
British children are much likelier to have a television in their bedroom than a father living at home. One-third of them never eat a meal at a table with another member of their household -- family is not the word for the social arrangements of the people in the areas from which the rioters mainly come. They are therefore radically unsocialised and deeply egotistical, viewing relations with other human beings in the same way as Lenin: Who whom, who does what to whom. By the time they grow up, they are destined not only for unemployment but unemployability.
A very interesting analysis by Galina Hale and Bart Hobijn of the San Francisco Fed concludes that very little of American personal consumption spending actually ends up in China. When Americans go buy stuff, they’re overwhelmingly buying things that are made in America:
In part, this reflects the fact that 67 percent of spending is on services rather than goods, and services are 96 percent made in the USA. But even durable goods, which only account for about 10 percent of total spending, are mostly made in America — 66.6 percent to 12 percent for China with the rest coming from the rest of the world. In fact the only category of spending in which Made in the USA doesn’t account for the majority is clothing and shoes. What’s more, even a lot of the spending on imported goods actually reflects the cost of shipping them around the United States:
Table 1 shows that, of the 11.5% of U.S. consumer spending that goes for goods and services produced abroad, 7.3% reflects the cost of imports. The remaining 4.2% goes for U.S. transportation, wholesale, and retail activities. Thus, 36% of the price U.S. consumers pay for imported goods actually goes to U.S. companies and workers.
This U.S. fraction is much higher for imports from China. Whereas goods labeled “Made in China” make up 2.7% of U.S. consumer spending, only 1.2% actually reflects the cost of the imported goods. Thus, on average, of every dollar spent on an item labeled “Made in China,” 55 cents go for services produced in the United States. In other words, the U.S. content of “Made in China” is about 55%. The fact that the U.S. content of Chinese goods is much higher than for imports as a whole is mainly due to higher retail and wholesale margins on consumer electronics and clothing than on most other goods and services.
I had breakfast this week with one of Hollywood’s most ferocious, self-confident and successful doers of deals. He was still steamed about what an unforgivably lousy negotiator his president had been on the debt ceiling agreement.
A survey by Visa says that the recession has caused a drop in the average amount the Tooth Fairy pays for a tooth, from $3 to $2.60.
Obama to GOP leaders on debt ceiling: "This may bring my presidency down, but I will not yield on this."
Bill Clinton compares the GOP's crackdown on voting rights to the days of Jim Crow.
Police suspected McCullough, who lived less than two blocks from the Ridulphs and who fit the description of the man said to have approached the girls, Thomas said Friday. But McCullough seemed to have an alibi, claiming he took the train from Rockford to Chicago the day of the abduction.
His story fell apart last year after investigators reinterviewed a woman who dated him in 1957 and asked her to search through some personal items, the Seattle Times reported, citing court documents. She found an unused train ticket from Rockford to Chicago dated the day the girl went missing.
"Once his alibi crumbled, we found about a dozen other facts that helped us build our case," Thomas said.