Daily Archives: February 8, 2019

Review of “The Bridge: The Life and Rise of Barack Obama” by David Remnick

My Journey Through the Best Presidential Biographies

David Remnick’s “The Bridge: The Life and Rise of Barack Obama” was published in 2010 and covers the 44th president’s life from his birth through his 2009 inauguration. Remnick is a Pulitzer Prize-winning author and has been editor of The New Yorker since 1998. He began his reporting career at The Washington Post in 1982.

This 586-page biography is clearly the result of exhaustive research which included interviews with an impressive array of Obama’s family, friends, colleagues and competitors – as well as with Obama himself. Tracking his political ascent up to the presidency, this biography is a synthesis of the unique personal influences and public forces which shaped his character and catalyzed his extraordinary success.

The book’s first half reviews Obama’s ancestry, his childhood, schooling and pre-political career. While generally interesting, some of this coverage is dense and difficult to follow. The relative complexity of Obama’s youth…

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Science Matters

A monkey wrench in the Works.

Previous posts have followed the twists and turns of the lawsuit Juliana vs. US, initiated and funded by Our Children’s Trust.  In November the Supreme Court signaled their desire that lower courts rein in the scope of the lawsuit.  The District Court backed off and now the Ninth Circuit Court will take up the appeal in advance of any trial activity.

The latest development is the US government (the Appellant) making its initial filing Feb. 1, 2019, now available for public scrutiny.

The document is Appellants’ Opening Brief Excerpt in italics with my bolds.

SUMMARY OF ARGUMENT

The district court first erred when it denied the government’s motion to dismiss this action. It erred again when it denied the government’s motions for judgment on the pleadings and for summary judgment. This Court should reverse for any of the following independent reasons:

1. Plaintiffs cannot…

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Raising bank capital requirements

croaking cassandra

I’ve been a little slow to get round to much comment on the Reserve Bank Governor’s proposals to require banks to fund a much larger share of their balance sheets with equity capital.  These aren’t small changes: from a starting point where they more or less accept that New Zealand bank capital ratios are already higher than those in most advanced countries, they want to compel banks incorporated here to adopt capital ratios that would be higher than (almost?) anywhere else in the world (includding, notably, higher than in Australia).

I had a couple of initial posts (here and here) immediately after the consultative document was released, and one a couple of weeks ago on the way in which the Bank has continued to discount the results of demanding stress tests it has required banks to undertake.     Since I wrote that post the Reserve Bank has…

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Yoo Hoo Speaker Pelosi! You Have a Big Problem Here!

Where there is dependence on wind or solar, they must have 24/7 backup from conventional power sources. 

American Elephants

Things are looking up. Most of the Democrats who were planning to run for the presidency have just disqualified themselves. Alexandria Ocasio-Cortez (D-NY), and Sen. Ed Markey (D-NY) have introduced her “Green New Deal” in a bill which has been quickly joined by the long list of Democrats who want to run for the presidency. Big Mistake. This tells us that you don’t do your homework, and will sell out your country for a pittance.

Here are some of the goals as listed by David Harsanyi at The Federalist:

  • Ban affordable energy. GND calls for the elimination of all fossil fuel energy production, the lifeblood of American industry and life, which includes not only all oil but also natural gas — one of the cheapest sources of American energy, and one of the reasons the United States has been able to lead the world in carbon-emissions reduction.
  • Eliminate nuclear energy. The GND…

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.@AOC’s Green New Deal sidesteps the lack of progress on electric planes! @EricCrampton @Greenpeace @JulieAnneGenter Isn’t air travel cheap because it didn’t have to buy the intervening land to the destination?