Category Archives: Business

UPDATED: Cameron’s Categorical Confusion

Business, Environmentalism & Animal Rights, Government, Hollywood, Human Accomplishment, Intelligence, Science, Technology

Off-shore oil driller and acclaimed scientist and inventor James Cameron, who “has worked extensively with robot submarines,” is annoyed that the film directors running BP have not used his know-how to plug the oil spill in the Gulf of Mexico.

Reverse that; Cameron is the filmer; BP the explorer. But you get how ridiculous Cameron’s puff is; how inflated Hollywood’s sense of itself is.

What matters is that the public get an idea of how crucial to life itself are the hard sciences, although a whole lot will have to change before the youth, streaming into law, health care and finance for the obvious reason (it begins with a “g”) change course, and those with the aptitude do hard science.

UPDATE (June 4): The images of immobilized pelicans weighed down by oil are heartbreaking. In the animal rescue and clean-up efforts we ought to begin to see the strength of private initiative.

The political Idiocracy continues to make hay of this environmental nightmare. Insisting Big Daddy O was supposed to clean up, show more rage, froth at the mouth more.

The fact that the POTUS and the FLOTUS like to live it up is perhpas unseemly. But the idea that if Obama were not so self-absorbed, or more unhinged emotionally, he’d do what’s right to save our ravaged coast—this is misguided.

This is so sad. (Here are my birdies.)

In “Regulation Encourages Recklessness” I spoke to what I think is at the root of environmental despoliation:

• Regulations, which are the culmination of agreements between the regulated and the regulators, to the detriment of those left out the loop: wild life and the rest of us.

• The tragedy of the commons, i.e., the absence of property rights: “Government-controlled resources go to seed because there is no private ownership of the means of production. Entrusted with the management of assets you don’t own, have no stake in; on behalf of millions of people you don’t know, don’t care about, are unaccountable to, and who have no real recourse against your mismanagement except to whine like wimps—how long before your performance plummets?”

The modern corporate colossus resembles government in many ways.

My smart readers can think over the last point—have at it. I’ll be back to mark your pixelated papers.

I'll Take Over Oil, If You Want Me To

Barack Obama, Business, Energy, Environmentalism & Animal Rights, Regulation

The political Idiocracy, Democrats such as James Carville and Republicans like Sarah Palin, brayed so loudly for Big Daddy O to take over where Big Oil was failing to stop the spill in the Gulf of Mexico—that BHO relented. Baiting Barack with a takeover is cruel—to all of us.

“It is my job to make sure that everything is done to shut this down,” the president declared in the first news conference the People’s Presidency has given in quite some time.

The meddlers got what they demanded, and then some:

Obama announced new steps to deal with the aftermath of the spill, including continuing a moratorium on drilling permits for six months. He also said he was suspending planned exploration drilling off the coasts of Alaska and Virginia and on 33 wells under way in the Gulf of Mexico.

BHO beat on breast, apologizing for making “the mistake of believing that oil companies ‘had their act together; when it came to assessing worst-case scenarios.” Be careful what you ask for, Silly Sarah.

BHO’s previous stance on the spill made sense to me:

“while the government was overseeing the operation, BP had the expertise and equipment to make the decisions on how to stop the flow. … BP was responsible for the cleanup and the government was accountable to make sure the company did it.”

BP’s incentives to clean up and minimize mounting costs it is incurring are manifestly obvious. Obama resisted imputing evil motives to the company just becasue it was Big Oil; our political Idiocracy did not.

As to the state of the operation to stop a spill that “has surpassed the Exxon Valdez in Alaska as the worst in U.S. history: BP [is working] furiously to pump mud-like drilling fluid into the blown-out well. It [is] an untested procedure but seemed to be working, officials said Thursday.”

H-1B Hogs Swindling ‘Average’ Americans

Business, IMMIGRATION, Labor, Multiculturalism

The following is taken from my new column, “H-1B Hogs Swindling ‘Average’ Americans,” now on WND.COM:

“The other day, John Miano of the Center for Immigration Studies pointed to the duplicity of ‘Microsoft’s attempts to downplay layoffs while calling on newly elected President Obama to provide more foreign labor.’ Naturally, the man with the reverse-Midas touch can’t make labor materialize magically, but he could issue more H-1B visas.

Touted as a means of trawling for the best and the brightest, the H-1B swindle is anything but. ‘Ordinary talent doing ordinary work’ is Professor Norm Matloff’s overall assessment of the H-1B crop. …

The 65,000 yearly recipients of H-1B visas are mostly ‘average workers.’ …

The primary H-1B hogs—Infosys (and another eight, sister Indian firms), Microsoft, and Intel—are forever claiming that they are desperate for talent. But, in reality, they have unlimited access to individuals with unique abilities through the open-ended O-1 visa program, that is if they really wanted it. …

Theoretically, the H-1B program could be abolished and all needed Einsteins (and pin-up girls) imported through the O-1 program. They just need to demonstrate ‘extraordinary ability.’

But industry lobbyists never suggest this. Funny that…”

The complete column is “H-1B Hogs Swindling ‘Average’ Americans.”

Read my libertarian manifesto, Broad Sides: One Woman’s Clash With A Corrupt Society.

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‘Strategic Defaulters’

Business, Debt, Economy, Ethics, Federal Reserve Bank, Law, Morality, Private Property

Defaulters or deadbeats? As I’ve explained, “You don’t have a property title in the perceived value of your property. Nobody does.” You do, however, have an obligation to honor a contract. These borrowers think otherwise and are proud of themselves for being thieves.

NPR’s Paul Solman tells the story of some homeowners who have stopped paying their mortgages even though they can still afford them: “‘Strategic Defaulters’ Skip Mortgage Payments as Home Values Tumble.”