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  • As if...

    there weren't enough to do already, Yes, I spent the day listening to the Fiscal Stability Commission, and what a swell surprise it was.  More on that later.

    As I was saying, as if I didn't have enough to do already.  In advance of the Great Wagon Train West, [...]
    Posted: July 08, 2009, 10:23am EDT
  • The Youth In Iran

    My friend, Ana Sami, wrote a piece for Al Arabiyah prior to the Iranian elections, discussing the role of the youth there.  Given that university students have been both the focus of government attacks, and the main, on-the-street, Twitter-assisted organizers of the stree protests, I thought it was worth highlighting this paragraph:

    A noteworthy implication [...]

    Posted: June 19, 2009, 9:48am EDT
  • The Wrong Direction

    obamaDebtMedical.JPGThat Heritage Foundation chart, with the CBO's preliminary scoring of the Senate's health care bill.  (Hat Tip: Keith Hennessey)


    [...]
    Posted: June 18, 2009, 5:57pm EDT
  • The Siren that Cried Wolf

    My house is about 100 yards from the local tornado siren.  It's gone off three times in the last half-hour, and it's totally inaudible from most of the house (except perhaps to the dogs.  More than that, no funnel clouds.

    Now, I say this with some mild disappointment, but [...]
    Posted: June 14, 2009, 4:32pm EDT
  • Calling Victor Davis Hanson

    Of all the calumnies hurled against Israel, perhaps the most damaging is the claim that its self-defense measures showhow equate with its being an apartheid state.

    In 1999, Victor Davis Hanson wrote The Soul of Battle, which described the marches of three great democratic armies to destroy apartheid [...]
    Posted: June 12, 2009, 11:07pm EDT
  • Virginia's Governor's Race is Set

    Mostly because they're off-year elections, I still slightly follow politics from my former home state of Virginia.  This year, the Democrats had a contested gubernatorial primary, and come-from-behind (literally) candidate Creigh Deeds seems to have run away with the nomination.  Deeds will try to beat Republican Bob McDonnell,' [...]
    Posted: June 09, 2009, 7:00pm EDT
  • Wildlife and Us

    Worth keeping in mind as Denver tries to tell us to coexist with the Coyotes.  We've seen this movie before with other animals.

    Scientists and outdoorsmen began to warn of danger, but they were ignored by both the Boulder public -- which was sentimentally attached to the idea of free-roaming wildlife' [...]
    Posted: June 09, 2009, 3:18pm EDT
  • CFA Level II Post Mortem

    Saturday was gorgeous.  So naturally, I assumed that Sunday would be the same, and that I'd be spending a perfectly beautiful Colorado day inside taking a test.  I needn't have worried.

    In the meantime, a few observations:

    1) It's a ton of material to cover.  It doesn't' [...]
    Posted: June 09, 2009, 11:06pm EDT
  • Blog Talk Radio

    This evening, we'll be interviewing Evergreen businessman Dan Maes, Republican candidate for governor here in Colorado in 2010, and businessman Cleve Tidwell, who's facing a three-way primary (so far) on the Republican side in the race to take on interim Senator Michael Bennett.

    Colorado's a red state' [...]
    Posted: June 02, 2009, 8:10pm EDT
  • That 10-Year Spot

    A couple of things. First, we've been in a declining long-term interest rate environment for a long time. This is a huge plus for the economy is a number of ways, large and small. Second, that time is probably over. It doesn't necessarily mean we're headed for a period' [...]

    Posted: May 28, 2009, 10:27pm EDT
  • CFA and Hedge Funds

    The CFA unfortunately doesn't have much helpful to say about evaluating hedge fund performance.  You'd like to see if there's any alpha there, but the best they can offer is a series of variations on the CAPM theme, where alpha's what's left over after you've subtracted out the Betas for' [...]
    Posted: May 28, 2009, 10:16pm EDT
  • About Those Interest Rates

    The Chinese, the major purchasers of our debt, have been getting increasingly antsy about the possibility that we might monetize our debt, or start playing Weimar Germany to their France & England.  Those nerves have been blamed for the recently rising spot yield for 30-year Treasuries, and the increasing doubt [...]
    Posted: May 27, 2009, 9:45pm EDT
  • Dispelling Myths

    Douglas Ross over at Red Alert took a first pass through the political contributions of the Chrysler dealers who are losing their franchises, and noticed that virtually none of them contributed to Obama; that those who did contribute heavily favored Republicans, and that the ones who contributed to Dems [...]
    Posted: May 26, 2009, 1:45pm EDT
  • Sotomayor Roundup

    A roundup of some early reaction to the nomination of Sonia Sotomayor to the US Supreme Court:

    Powerline has the pro-Sotomayor talking points, and the Lawyers' eval from the Almanac of the Federal Judiciary
    Scotusblog has responses to some of the predicted criticisms.The Volokh' [...]
    Posted: May 26, 2009, 1:00pm EDT
  • Channels of Information

    Markets are only efficient when there's a free flow of information.  One of the channels of that information are the sell-side analysts.  I was one for a little over a year, and I can tell you that small-to-medium sized companies, even ones with significant coverage, were almost always happy to [...]
    Posted: May 25, 2009, 8:29pm EDT
  • Now It's Municipal Bonds

    The financial wizards who brought us the mortgage debacle now want to do the same for municipal bonds:

    One piece of legislation would provide the Federal Reserve with the authority to fund new liquidity facilities for some municipal securities. Another would provide federal re-insurance for municipal bonds, which seeks to [...]
    Posted: May 22, 2009, 7:17pm EDT
  • The EPA and Your Health

    I'm pretty sure I don't want the EPA making decisions about what medical equipment ought to be permitted.

    This goes back a long way, but they moved pretty quickly once these lousy alternatives became available.

    She has high praise for socialist Sweden's ban on paying for anything but non-CFC dry-powder [...]
    Posted: May 21, 2009, 8:22pm EDT
  • Conflicts of Interest

    The government, having already funnelled $5,000,000,000 to last fall, is now suspending lending rules to benefit its new wards, GM and Chrysler:

    The exemptions come as part of a multi-pronged aid package for GMAC that will be laid out early this evening. The Treasury Department is also planning to announce [...]
    Posted: May 21, 2009, 6:31pm EDT
  • Has Anyone Seen Sandy Berger Around?

    For some reason, the National Archives has a hard time keeping its hands on information related to the Clinton Administration:

    The National Archives lost a computer hard drive containing massive amounts of sensitive data from the Clinton administration, including Social Security numbers, addresses, and Secret Service and White House operating [...]
    Posted: May 21, 2009, 11:08am EDT
  • You Call This Capitalism?

    If there's one thing that Ayn Rand and Albert Jay Nock both understood, it's that businessmen will cut deals with the government when they think it's to their advantage.  Economics may be the sea that business swims in, but if you need to buy off Ahab with a couple [...]
    Posted: May 20, 2009, 12:16pm EDT
  • A Day Late, A Billion Dollars Short - Maybe

    After forcibly nationalizing the banks in all but name, redistributing ownership of GM and Chrysler, and making noises about the necessity of absorbing GMAC, speculation was that the insurance companies are next.

    And sure enough, today, the government announced that it was freeing up $22,000,000,000 for insurers who had applied [...]

    Posted: May 15, 2009, 8:52pm EDT
  • The Illusion of Voting Integrity

    In the Cowboy trick, an individual from the crowd is given a video camera; Penn says he's going to make a tiny plastic cow disappear from his hand, and he asks the audience member to film the vanish as the feed is projected onto a large screen for the rest [...]

    Posted: May 10, 2009, 4:59pm EDT
  • Conservatism's Not a Dirty Word

    At least according to the Denver Women's Republican Club. This Saturday, at the University of Denver's Sturm Hall, they're holding a free forum on the future of conservatism and the Republican party - the two aren't identical - with a free continental breakfast.

    It features some terrific speakers: Karen [...]

    Posted: May 07, 2009, 3:34pm EDT
  • California Spreads the Wealth Around

    In Sunday's column, George Will analyzed the fiscal grease fire that is the Republic of California.  Early on, he makes this point:

    Under Arnold Schwarzenegger, the best governor the states contiguous to California have ever had, people and businesses have been relocating to those states. For four consecutive years, more [...]
    Posted: May 05, 2009, 1:55pm EDT
  • Iran, Playing Us For Suckers

    The Wall Street Journal today carried two important pieces about our approach to Iran.    One was a report that Secretary of Defense Robert Gates is in the region trying to console, reassure our Arab clients allies, that we won't suck up to reach out to Iran at their expense.
    Given Iran's desiderata,' [...]
    Posted: May 05, 2009, 11:14pm EDT
  • Israel Appoints Michael Oren Ambassador to the US

    The new Israeli government has appointed Michael Oren as its new ambassador to the United States.  It's a home run appointment.  (Soccer Dad is also approving.) One assumes his ability to talk to our government, but it is his ability to communicate directly to the American public [...]
    Posted: May 03, 2009, 12:48am EDT
  • Business Still Doesn't Get It

    One stock that I followed at the brokerage, and which I own a couple of hundred shares of, is called Tetra Tech (TTEK).  When I get a chance, I like to listen to conference calls of companies I've done research on.  Even if I'm not actively modeling the companies right [...]
    Posted: May 01, 2009, 7:30pm EDT
  • The State Backs Loans

    Apparently jealous of the Federal government's ability to distort credit markets, the Colorado legislature has decided to get in on the act.  SB-051, which Gov. Ritter signed into law, would extend loans to banks, who would then turn around and loan the money to homeowners and businesses to install solar [...]
    Posted: May 01, 2009, 10:36pm EDT
  • Because It's Worked So Well In The Past

    This, from tomorrow's Wall Street Journal:

    The program is the Term Asset-Backed Securities Loan Facility, or TALF, in which investors are given low-cost loans from the Fed and in turn use the money to buy securities backed by consumer debt. The loans in this program are three-year loans and so far [...]

    Posted: April 30, 2009, 9:20pm EDT
  • Clinton Strikes Back at Israel

    Israel's new government has adopted the position that it will not seriously engage the Palestinians until serious progress has been made on curbing the Mad Mullahs' nuclear ambitions. It's been pointed out that this makes a great deal of sense for Israel. The Palestinians are clearly a lower-order threat, lacking' [...]

    Posted: April 24, 2009, 6:13pm EDT
  • Ranking Colorado's Tax Burden

    Rep. Lois Court sent out her blast email yesterday, trying to put in a few bullet points the fiscal tangle we're in.  Give her credit, she did mention Amendment 23.  But the bulk of the bullet points were about Bird-Arvescough, TABOR, and a claim that the Tax Foundation says we're [...]
    Posted: April 22, 2009, 11:47pm EDT
  • Photoblogging from Long Island

    Friday morning at Long Beach:

    Not your typical Bridge Shot:

    Long Island has a "Cradle of Flight" museum, which I guess makes sense, since there were a lot of flight schools out there in the early 1900s. I guess that leaves Kitty [...]

    Posted: April 21, 2009, 11:17pm EDT
  • The Least Important Leading Indicator

    1) Consumer sentiment is useless is predicting the single most important engine of economic growth

    2) Since it's somewhat correlated with media coverage of the economy, attempts to jawbone up the economy are doomed to fail, or at least be irrelevant.

    3) Consumer sentiment during non-recessionary periods of Republican and Democrat administrations over the last' [...]

    Posted: April 19, 2009, 8:32am EDT
  • What Next for Colorado Tea Parties?

    What next?

    The Tea Party movement is simply not going to be co-opted by the Republican Party.  It's not a creation thereof, and it's simply not made for the kind of team politics required by any political party.  In order to benefit from the movement, the Republicans will have [...]
    Posted: April 17, 2009, 3:09pm EDT
  • When Astroturfing Isn't

    The Denver Post reporters John Ingold and George Plavin either don't know what "astroturfing" is, or don't care to correct leftists for using the term incorrectly.  In their report on the Denver Tea Party, they quote Mike "The Headless Chicken" Huttner, as deriding the Tea Parties:

    "The tea" [...]

    Posted: April 17, 2009, 9:13am EDT
  • When The Money Keeps Rolling In, You Don't Keep Books

    In Evita, a very white-washed Che Guevara makes appropriate fun on Evita's very own "stimulus" plan, the Foundation Eva Peron, sort of a Make-a-Wish Foundation for adults.  Obama's stimulus plan serves much the same function for liberal interest groups.

    Now, while Evita skimmed off the top for herself, nobody's' [...]
    Posted: April 17, 2009, 8:03am EDT
  • Central Ave. Pizza Shop After Passover

    Posted: April 17, 2009, 10:50pm EDT
  • The Natural History Museum

    Kind of disappointing, actually. I went - as I always go - for the space science aspect, but found that the earth science displays were much more up-to-date and engaging. (They weren't all about global warming, but it was certainly a presence, and since one of the pay-for-displays was about' [...]

    Posted: April 14, 2009, 5:50pm EDT
  • Long Beach, NY

    Posted: April 13, 2009, 11:48am EDT
  • Delayed Photoblogging

    From the trip back from Castle Rock a few weeks ago, when it looked as though Spring had arrived.

      
      
      

    [...]
    Posted: April 13, 2009, 11:22am EDT
  • Forest, Meet Trees

    The state legislature, having voted down measures that would make sure that voters are 1) eligible to vote, 2) eligible to vote in Colorado, 3) citizens, 4) who they say they are, and 5) not voting someplace else, is proudly preparing to take us back to the days of [...]
    Posted: April 13, 2009, 8:49am EDT
  • I Think They're Called, "Prices"

    The Wall Street Journal reports that the government is lagging in instituting an "electricity efficiency" program that would reward companies for saving electricity.

    In an efficiency market, states or the federal government would require utilities to buy a certain amount of energy-efficiency certificates.

    The certificates would be established when electricity use [...]

    Posted: April 13, 2009, 7:48am EDT
  • The Denver Post on HSAs and Single-Payer

    Guess which one gets a better review?

    As the Colorado House of Representative took us further down the road to socialized health care earlier this week, Douglas County School are considering moving to a Health Savings Account plan for their employees. Needless to say, the Denver Post finds this objectionable:

    Douglas [...]
    Posted: April 08, 2009, 1:00pm EDT
  • iPod Coolness

    Even their vending machines are cool. I almost bought something just...because.

    [...]
    Posted: April 08, 2009, 11:39am EDT
  • Smoot-Hawley = Pace-Tapia

    Apparently having failed to learn any lessons from the 1930s, Sen. Tapia and Rep. Pace have decided to sponsor HB 1328, which would:

    Requires state agencies that purchase steel products to give a preference to such products produced in the United States if certain conditions are met.

    ...

    Each governmental body shall [...]

    Posted: April 05, 2009, 5:33pm EDT
  • Protectzia

    The Administration made it clear at least a week ago: play ball with us, or else.

    But President Barack Obama wasn't in a mood to hear them out. He stopped the conversation and offered a blunt reminder of the public's reaction to such explanations. "Be careful how you make those'" [...]
    Posted: April 03, 2009, 3:16pm EDT
  • Like They Can Just Print the Money

    I'm beginning to think that having put the State Capitol near the Mint was a mistake. I think the Democrats are beginning to think that they can just print their way out of whatever burdens they put on the state.

    We found out last month that the Colorado Unemployment Insurance Fund' [...]

    Posted: April 02, 2009, 5:30pm EDT
  • Trade of the Century

    The Broncos just played their first pre-season game against the Bears.  They lost.

    The Jay Cutler agonistes saga came to an end today as the Broncos sent him to the Chicago Bears for a placeholder and bunch of draft picks.

    Orton's a decent guy who won't kill you' [...]
    Posted: April 01, 2009, 9:40am EDT
  • Electoral College




    Last night Michael, Ben, and I spoke with Robert Hardaway of the DU Law School to talk about the Colorado legislature's misguided attempt to amend the Constitution without, you know, actually amending the Constitution. I've posted before (and Twittered relentlessly) about the attempt to join' [...]

    Posted: April 01, 2009, 8:52am EDT
  • Blog Talk Radio

    Join us tonight on Blog Talk Radio as we talk about the latest economic intrusions and boondoggles. We'll also be talking aith Republican Secretary of State candidate Nancy Doty, currenty Arapahoe County Clerk & Recorder, about her upcoming race. And with University of Denver law professor Robert Hardaway about' [...]

    Posted: March 31, 2009, 5:06pm EDT

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