Excellent “Best of” List from The Middle Stage

One of my favorite blogs is The Middle Stage, written by Chandrahas Choudhury.

Chandrahas writes about literature as well as history, fiction and nonfiction, and very frequently alerts me to books I have never heard of, but which I wish I had time to read. In particular, he writes about Indian history, a vast subject I want to know more about.

His list of best nonfiction for 2008 contains several which might interest the ChicagoBoyz team, and our readers.

I would particularly like to hear about what others think about his choices related to India.

Cross-posted on Antilibrary.

Pigging Out, Wisconsin Edition

A few days ago James Rummel put up a post about the expanding feral pig population. In his post he had a link to a map that showed where the populations of the feral pigs were. I wondered why there were none reported in Wisconsin, and others raised questions about the map.

I would have to now agree with those who said that it was a reporting issue – looks we have them in Wisconsin after all. Here is a page from the Wisconsin DNR site from January of ’08. Seems they are indeed all over the state.

The position of the Wisconsin DNR seems to be the same as the DNR in Ohio – they want them dead, anytime, anywhere, anyhow. All you need is a small game license and the permission of the land owner to harvest as many of them as you want. If you are a land owner you can harvest them no questions asked.

This is a very good page from the Wisconsin DNR website that describes feral pigs, how they live, breed and feed. Amazing creatures, as they eat just about anything they can get their snouts on. I am sure they are tasty as well, and I just may need to gear up to find out someday.

Don’t forget, if you have photos of wildlife in urban or suburban settings, Jonathan is looking for those and you can find his new blog on the subject here.

Hedge Fund Blues

Barrons\' Hedge Funds

The hedge fund industry is coming under close scrutiny for a variety of reasons. In fact, it seems like that bad news doesn’t stop.

– Madoff runs a giant Ponzi scheme that claims up to $50 billion in losses. The exact amounts will be different because some of the “losses” represent paper profits on statements that he sent to customers that were phantom but assuredly they are large and painful
– Worse than this scheme was the fact that so many “fund of funds” or hedge funds that are comprised of investments in other hedge funds charged a big fee for the right to invest in this fund in the first place. Gulp
– Many funds that claimed they were “hedged” against market moves (where the “hedge” in hedge funds comes from) most assuredly were not; large losses of 40% or more are common in the listings, and some very big names have been seriously bruised

More subtle than these obvious issues are the fact that these hedge funds often have “high water” provisions. Funds typically make money by charging an annual fee of 2% a year and 20% of profits. However, if the fund declines in value, the hedge fund can’t charge the 20% fee on profits until after the old “high water” mark in value is reached. Thus if your fund was down 25% this year, you have to gain 33% before you can start earning your 20% cut again. On top of the “high water” issue, if your asset base drops 40% (remember those losses, above) then you are only making 2% on 60% of your former assets.

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Pigging Out

Dan from Madison recently wrote a post discussing how wild predators, once unknown in cities and towns, are now making their homes in urban areas.

The subject that seemed to interest most people was how feral hog populations are also spreading. They are dangerous and destructive animals, and I firmly believe that keeping their numbers down is a matter of public safety.

The Southeastern Cooperative Wildlife Study has a fascinating map available on their website. It shows the areas of the country where feral swine populations exist.

The map by itself doesn’t show how quickly the animals have spread, but you can get an idea of that by taking a look at these three earlier maps.

Notice, if you will, that California had only minor infestations of feral swine back in 1988. By 2004, however, wild pigs could be found all throughout the state. I think this is due to how hunting is generally perceived there. Although necessary for wildlife habitat preservation and the continued health of game animal populations, it appears to me that the activity is denounced by most people living in California as a terrible and savage practice.

My home state of Ohio has a page devoted to wild boar, along with a detailed map showing the distribution of wild swine in the state. It is legal to harvest wild boar year round here, either by a landowner on their own property or by someone with any valid hunting license. Purchase a license to hunt pheasant and come home with a few hundred pounds of pork. Num num!

Although I have eaten my fill of various cuts from wild boar many times, I have never tried bacon made from a feral pig. I think that will be my next hunting project.

(Don’t forget that photos of wildlife observed in urban settings can be found at Subdivision Wildlife, and they are now accepting your personal photos.)