Sunday, October 31, 2004
Cronkite says Rove set up the OBL thing
In a way, the Americans are in a situation similar to the Taiwanese a few years ago, when, during the election, Taiwan was threatened by the Chinese Communists but went ahead and gave Lee Teng-hui a landslide victory, thumbing their collective nose at the Commies. Unlike the Spaniards who caved in to the terrorists’ demands, I suspect the Americans will have the spine to stand up to them, and at the end defeat them.
Friday, October 29, 2004
It’s still a tough call
The folks at The Weekly Standard are mostly calling for a Bush win, but a few are calling for Kerry. Notable among the pessimists is Stephen Hayes, whose book The Connection documenting the links between al Qaeda and Saddam Hussein has by and large been ignored by the MSM (yawn).
Mark Steyn, on the other hand, puts his job (does he have one?) on the line, predicting a Bush win. His argument pretty much rests on the rationality of the voters, but one can only hope that the voters are in fact rational. The fact that, for example, Ohio’s voters may not go for Bush (ostensibly because of the economy) shows that not all voters are informed or concerned about the most grave issue of the day (and of many years to come)—Western civilization’s survival. If we perish because we capitulated to the Islamofascists, every other issue is moot.
Thursday, October 28, 2004
Germany’s largest paper endorses Bush!
1. Bush has clear priorities. He sees the inhuman Islamic fundamentalism and the murderous mullahs as the largest danger for the Western world.2. Bush has learned the lessons of history. Military strength, not pleasant talk, is the only thing that helps against violent fanatics. And with Bush -- unlike with Kerry -- there is no doubt about this.
3. Under Bush, the US, as a superpower, will continue to bear the financial, military and casualty burden in the fight against terrorism in a "holy war" which Islamic fanatics unilaterally declared.
4. Along with fighting terror and the terrorists, a re-elected Bush will do everything he can to prevent nuclear proliferation. That is especially true with regard to the nuclear ambitions of Iran and North Korea.
5. Bush has learned that America can defeat every country in war, but needs allies in peace. Thus, his second term will be characterized by cooperation with international partners. But he will not depend on how Syria or Libya vote at the UN.
6. Bush knows that Europe and Germany don’t have the military at their disposal to become involved in any further foreign military engagements. Therefore he won't ask them for help. Kerry will do exactly that – and will further burden already damaged German-American relations.
7. Under Bush, America will remain a reliable partner for Israel in its fight for survival. That must especially be in our German interest.
8. Republicans have always been stronger supporters of free trade than Democrats. That is also true of Bush when compared to Kerry. And that is good for Germany as an export nation.
9. Every new American administration makes mistakes. Bush has already made his. Kerry, on the other hand, has of yet held no (executive) position in the government. He would be worse prepared than most Presidents preceding him.
10. With Bush, we know what to expect. With Kerry, nobody knows what he stands for and where he wants to lead America – and the world.
Some spot evidence
This really made my day. I paid for the lunch, but it was after-the-fact that he told me, so I don’t think this counts as vote-buying.
Wednesday, October 27, 2004
Stolen Honor video available online
I don’t know how anyone can watch this film and still vote for a traitor like Kerry. And the fact that the MSM conspire to suppress this documentary speaks volumes about their bias.
How low can Demos go?
Demoncra*s complain constantly about (nonexistent) voter intimidation, but they are exactly the ones doing the intimidating.
Tuesday, October 26, 2004
Another interesting election predictor
A surprising bit is the California statistic, which has Bush at 51.03%, about the same as the national average.
(Hat tip: Bill at INDC Journal)
Truman and Bush
Monday, October 25, 2004
Liz Edwards: no riot if Demos win
Perfectly logical.
Sunday, October 24, 2004
Better to die for a noble venture
Friday, October 22, 2004
Book on Christianity vs. Islam
Is Daschle disqualified from representing South Dakota?
I doubt whether this will be played out the way I desire to see. Still, I am hoping that Republican John Thune will unseat him.
Nobel laureate criticizes Bush tax cuts
And the Leftists still want central planning and control of everything!
Victor Davis Hanson on Election 2004
So despite her elegance, intelligence, wealth, and verve, Teresa Heinz Kerry throughout the campaign has proven to be a walking time bomb.And again,
... and her earlier promises to tap her fortune if the campaign got rough and we are left with the image not of a kindhearted philanthropist (which she probably really is), but a headstrong, do-it-my-way heiress, using a deceased Republican's fortune to subsidize trendy Democratic causes while retaining the lifestyle of the true corporate capitalist.Wealth? Yes, but elegance? intelligence? kindhearted philanthropist? Prof. Hanson, you’ve taught me a great lesson, namely, to think of others in the best possible light and not to pass judgment. And I mean this sincerely.
Thursday, October 21, 2004
Gore to stump for Kerry
Update on Synopsys–Magma patent dispute
More thoughts on shared-appreciation mortgages
Anyway, shared-appreciation mortgages have another complication when provisions are made for additional contributions from either party (e.g., for the purpose of improvement and remodeling). How should the percentage of the lender be adjusted? Should it be a percentage based on the value of the property, or based on the appreciation of the property (i.e., value minus basis)?
Another reason why Teresa wants to raise your taxes
In "Teresa's Fair Share" you miss the fact that the tax-exempt investments of Sen. Kerry's wife provide a financial reason for her, and by extension her husband, to be so enthusiastic about raising income tax rates. When a tax-exempt municipal bond is issued, the market accepts an interest rate that is at least equal to the net after-tax interest rate of an equivalent taxable security. When tax rates are cut, newly issued equivalent municipal bonds must pay a higher interest rate to be equal to the net of a like taxable bond. So, if you want to sell municipal bonds that were issued when taxes were higher, you have to sell them at a capital loss in order for the effective interest rate to be equal to that found in the current market, ceteris paribus. Conversely, the value of your tax-exempt bonds can increase, if taxes go up. Therefore, Sen. Kerry's putatively sacrificial proposal to raise income tax rates on the wealthy, instead of hurting him, could have the self-serving effect of increasing the value of his wife's bond portfolio.
Wednesday, October 20, 2004
Shared-appreciation mortgage and tax implications
But how much can or should the rate be reduced below the applicable prevailing rate? The IRS sets minimum rates that lenders much charge; these are known as applicable federal rates (AFR) and broadly classified as short-, medium-, and long-term. If a lender charges a rate that is below the applicable rate, he is considered (1) to have received “imputed interest” that is the difference between applicable rate and the lender’s rate and (2) to have gifted the borrower that difference. From a bookkeeping point of view, going below the applicable federal rate is a nightmare, and I would recommend that private lenders just use the published AFR.
Now, with shared-appreciation mortgage, setting the rate is not trivial. On the one hand, California civil code 1917.133(d) stipulates a minimum percentage (as a function as the shared percentage) by which the fixed rate must be reduced. On the other hand, this document (view as html) (paragraph 10 on page 8, or search for “imputed”) seems to indicate (without quantifying how much) that if the rate is set too low, the transaction may run afoul of IRS’s imputed-interest rule. So what is reasonable? I am not trained in real-estate or tax law, but I think the following scheme seems to be reasonable: split the interest rate into two parts, the first part being the fixed-rate that requires regular payments, and the second part providing a “floor” on the appreciation. That is, if the appreciation does not exceed the accrued interest according to the floor rate, then the borrower must pay that minimum amount.
Teresa Heinz
Speaking of which, her recently disclosed tax return (two pages for upwards of $5M!) shows that she pays an effective rate much lower than I do, when I make much much less than she does! Of course, she probably derives much of her income from tax-favored investments such as municipal bonds and dividends. I have no qualms about that; double-taxing dividends is bad economics, and I am in favor of abolishing that double taxation rather than the stupid 15% with endless qualifications. But it shows that the really rich people are not affected much by tax policy, so they don’t mind raising other people’s taxes and thereby have even more control of other people’s lives. Such blatant hypocrisy does’t seem to bother the leftist Demos who engage in the lowest kind of demogoguery all the time (hey, they’re supposed to be the party of the common man!). And it is the working people (we who have real jobs) who are being coerced into paying into bankrupt systems such as Social (In)security and Medicare.
Friday, October 15, 2004
More on stem-cell research
If we do the work that we can do in this country, the work that we will do when John Kerry is president, people like Christopher Reeve are going to walk, get up out of that wheelchair and walk again.Krauthammer hammers Edwards thus:
As a doctor by training, I've known better than to believe the hype -- and have tried in my own counseling of people with new spinal cord injuries to place the possibility of cure in abeyance. I advise instead to concentrate on making a life (and a very good life it can be) with the hand one is dealt. The greatest enemies of this advice have been the snake-oil salesmen promising a miracle around the corner. I never expected a candidate for vice president to be one of them.Krauthammer, who himself suffers from paralysis, also notes that Bush was in fact the first president to provide federal funding for stem cell research (with some limitations), contrary to the lies of Kerry and Edwards implicating that Bush’s “ban” stands in the way of a cure for diseases such as Alzheimer’s. Edwards shamelessly exploit Christopher Reeve for political gain, pandering “snake-oil” giving false hope to those who might be deceived to vote for Kerry. The cure for Alzheimer’s by way of stem cells is a fiction, as Ronald McKay, an NIH stem-cell researcher, has admitted publicly, but “people need a fairy tale.”
On a separate note, I voted NO on California’s Proposition 71 which would provide funding for stem-cell research by borrowing $3 billion over 10 years. Putting aside my ethical objections to embryonic stem-cell research, this is also bad fiscal policy. California is still trying to recover from the fiscal mess, and the proponents of Prop. 71 want to plunge it further. [economic libertarian hat on] If stem-cell research has any merit, let the private sector invest in it. Government will only waste money that benefit only the snake-oil panderers. [economic libertarian hat off]
Thursday, October 14, 2004
An interesting predictor for the election
(UPDATE 13:49 15-Oct-2004): W.’s lead over Kerry is 53-47, narrower than W.’s lead over Gore back in 2000, which was 57-43. Could it be the Herman Munster factor?
The Road to Serfdom
I use the term liberal, as Hayek does in the book, and also in his Preface to the 1956 Paperback Edition (p. xxxv below), in the original nineteenth-century sense of limited government and free markets, not in the corrupted sense it has acquired in the United States, in which in means almost the opposite.I cannot agree more. In my previous post about classical liberalism, I complained about the same corruption of the use of this fine term.
The other feature of classical liberalism that I did not explicitly note is the respect for private property. Collectivism refuses to recognize private property rights, because in that ideology the state (read: the elite) owns the means of production and therefore effectively enslaves the general populace. I believe that the Eighth Commandment, “Thou shalt not steal,” presupposes the recognition of private property; for if there is no such recognition, what does it mean to steal?
I think The Road to Serfdom should be required reading for every voter. But that’s only a pipe dream.
44 Montgomery Street, San Francisco
So it came to pass, on Tuesday when I sent in a request to wire some money to Wells Fargo Bank, I got a call from the originating bank that it needed the physical address of WFB. Well, first, do not banks know each other? Especially with a big bank like WFB? Anyway, I tried a google search and came up with “44 Montgomery St.” and I gave that to the representative of the originating bank. It turned out, however, that was an old, old address. In fact, it appears that “44 Montgomery St.” has become a symbol, the “Old Wells Fargo Building”. Only later did I realize the correct address is 420, not 44. Adding to the confusion was the fact the the WFB webpages that I searched indicated that that was the address of its museum.
At any rate, I am glad the wire went through. Perhaps the receiving clerk would appreciate the fond memories of 44 Montgomery that this wire brought him. But then, it’s most likely a soulless computer that got the wire.
Tuesday, October 12, 2004
Kerry won’t impose his views on Americans
The way this issue works was shown in the town-hall-style debate when selected questioner Sarah Degenhart asked Kerry for assurances that "tax dollars would not go to support abortion." He answered as he often does when he is on the wrong side in terms of national support. Not addressing the question of federal funding (which is unpopular), the senator made a Clinton-like gesture of feeling Sarah's pain. As a lifelong Catholic and former altar boy, he said, "I cannot tell you how deeply I respect the belief about life and when it begins." But, he said, he could not impose his views on others.But if he could not impose his views on others, why does he support using tax dollars to subsidize abortions? Get out of my face, Senator Kerry: when you use our tax dollars to subsidize abortions, you are forcing us to pay for things that are abhorrent to us. Your statements show that you are not neutral. You are pro-abortion, and you want to impose your view on us.
City of Lost Altos
John Edwards thinks Kerry is Jesus
When John Kerry is president, people like Christopher Reeve are going to walk. Get up out of that wheelchair and walk again.Embryonic stem-cell research has been overhyped, peddled along with many lies. Bush is just restricting federal funding for this type of research, and has not prohibited private funding. Those guys who make a lot of noise just want government money because they cannot get private funding by the merits of their achievements, actual or potential.
(UPDATE 17:23 12-Oct-2004): ScrappleFace is on a roll. This piece about Edwards is killing me.
Program notes for the recital
Although Johann Sebastian Bach (1685–1750) was best known as a virtuoso organist during his lifetime, his compositions for the violin testify to his superb knowledge and exceptional skill on the instrument. The Sonata in F minor is one among the six that he has composed for the violin and cembalo, written between 1717–23 during his career in Cöthen. The first movement is a four-part contrapuntal dialogue between the two instruments, the keyboard parts building on a theme that would occur again in one of his motets and the violin part entering with a motif foreshadowing the aria Erbarme dich, mein Gott (Have mercy upon me, O God) from the St. Matthew Passion. The second movement is a three-part fugue in two sections. The opening theme of the first section shifts to the bass part supporting the second theme which alternates between the violin and the right hand on the keyboard. The adagio movement consists of a harmonic progression in which arpeggios go back and forth between the two hands, accompanied by steady two-part chords in the violin. The sonata concludes with a vivace that weaves together three seemingly independent parts into a seamless, syncopated fugue.
César Franck (1822–1890) was born in
Please put me on the “Do-Not-Terrorize List”
Friday, October 08, 2004
Thursday, October 07, 2004
$40,000 mural has misspellings of names
Wouldn’t even register with a true artisan?The mistakes wouldn't even register with a true artisan, Alquilar said.
"The people that are into humanities, and are into Blake's concept of enlightenment, they are not looking at the words," she said. "In their mind the words register correctly."
The real coalition of the bribed and coerced
Glenn Reynolds (Instapundit) has a bit of suggestion for Kerry's foreign policy: "We'll outbid the bad guys."
Wednesday, October 06, 2004
Demos and online polls
Kind of like Saddam Hussein’s getting 99% of the Iraqi votes, except the Demos are supposed to be more civilized (i.e., the other 1% is still alive). Or maybe not.
Tuesday, October 05, 2004
Good questions for John Edwards
Homo proponit, sed Deus disponit
This webpage has more Latin phrases to keep me busy learning.
UPDATE: Corrected the typo in the title
Reformation and Pajamahadeen
Who will be grading the global test?
A rare sane voice from Massachusetts
Monday, October 04, 2004
Phishing alert
From: aw-confirm@yahoo.com [mailto:aw-confirm@yahoo.com](UPDATE 15:04 08-Oct-2004): I sent an email to postmaster at the Physics Department of Kent State University on the day the fraud was received, and today (finally) the page was taken down.
Sent: Sunday, October 03, 2004 2:26 PM
Subject: ***URGENT eBay Account Security Measures***
Alert ID : 0262341143
You have received this email because you or someone had used your account to make fake bids on eBay. For security purposes, we are required to open an investigation into this matter. To help speed up this process, you are required to verify your eBay account by following the link below.
http://scgi.ebay.com/verify_id=ebay&user=02626454
Please save this fraud alert id for your reference
Please Note - If your account informations are not updated within the next 72 hours, then we will assume this account is fraudulent and will be cancelled. We apologize for this inconvenience, but the purpose of this verification is to ensure that your eBay account has not been fraudulently used to combat fraud.
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Sunday, October 03, 2004
Bad move, Messrs. Brokaw and Jennings
More post-debate thoughts
Saturday, October 02, 2004
Another key weakness of Kerry’s argument
John Kerry the debater — ship him to the U.N.
Here’s an idea for Senator Kerry. Since he is a good debater, the U.N. seems to be a perfectly good place for him. The U.N. is the world’s foremost debate society, and it has been doing more harm than good. Genocides and massacres have taken place under Kofi Annan’s watch, and all the U.N. can do is to debate whether a war is illegal, or once in a while to issue resolutions that it has no intention of enforcing, while people are getting slaughtered. Worse yet, the oil-for-food scandal has shown the U.N. to be indeed an utterly corrupt organization. Why doesn’t Senator Kerry go for Kofi Annan’s position as the Secretary General, and get some real reform done there? (Actually I would rather see the U.N. demolished, but substantive reform is preferrable to its present state of being.)
Newcomer vs. Hailey
Mark Steyn on Kerry
But none of that matters. If John Kerry is so polished and eloquent and forceful and mellifluous, how come nobody has a clue what his policy on Iraq is? As he made clear on Thursday, Saddam was a growing threat so he had to be disarmed so Kerry voted for war in order to authorize Bush to go to the U.N. but Bush failed to pass ''the global test'' so we shouldn't have disarmed Saddam because he wasn't a threat so the war was a mistake so Kerry will bring the troops home by persuading France and Germany to send their troops instead because he's so much better at building alliances so he'll have no trouble talking France and Germany into sending their boys to be the last men to die for Bush's mistake.Read the whole thing.Have I got that right?
A post-debate bounce for Kerry?
Hugh Hewitt is all over one of the weak points that John Kerry put forth in the debate: Kerry’s outrage at the U.S.’s development of the nuclear bunker-buster. John Kerry seems to think U.S. is part of the nuclear proliferation problem. No, Senator Kerry: WMD in the hands of terrorists is not the same as WMD in the hand of the U.S. If you do not think the U.S. can be trusted with these weapons, it means you cannot be entrusted with the office of the POTUS. Disarmament on the part of ths U.S. will only weaken us and lead us toward destruction. Kerry (along with his Eurobuddies) has shown that he has no understanding of the nature of the struggle the civilized world is engaged against the Islamofascist jihadists.
John Kerry: Walking U.N.
Perhaps Sen. John Kerry does have an advantage after all over President Bush in understanding the complex political issues of the Middle East. New research by Burke's Peerage reveals that Mr. Kerry is the only presidential candidate in U.S. history who has genealogical descent from Muslims, Jews and Christians.Oh no! If John Kerry gets elected, we will return to the dark ages and be enslaved by Islamic rule!
"Senator Kerry ... is a virtual walking United Nations," says Harold Brooks-Baker, publishing director of Burke's.
Mr. Kerry is kinsman of the Shi'ite shahs of Persia (the most famous was Shah Abbas I, who reigned from 1587 to 1629), as well as the Muslim kings of Tunisia, all of whom — Democratic presidential nominee included — descend from the prophet Muhammad.
Bates Gill
Whoa! "Bates Gill"? Is that some kind of bizarro version of the great software mogul?Or are the Pod People taking over? Shall I wake up tomorrow and find that the presidential race is between Jerry Kohn and Gush Beorge? With Rader Nalph running a third party?
Or do I just need another cup of coffee?
Friday, October 01, 2004
Victor Davis Hanson: Perfect Storm Part 3
My nephew on the presidential debate
This is the same nephew who, in 2000, when the presidential election was still hotly disputed, asked, “Is Gore still refusing to concede?” He said that in Mandarin, using a phrase (lai4 pi2, to refuse to concede) that conveys sneer and scorn on the person who cannot accept his defeat and thereby ironically humiliates himself even further.