Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
Via Maggie’s Farm, here’s a Bob Newhart skit from 1970. Bob plays the role of an 1890s-style venture capitalist, talking on the phone with inventor Herman Hollerith, who is trying to explain the merits of punched card technology.
Related: Father, Son & Co.
The North Koreans launched a new two stage missile, which signals more escalation of their part.
The two-stage missile launched Tuesday by North Korea will be classified by US intelligence as a brand-new missile that has not been seen before, US officials told CNN.
The first stage of the missile is believed to be a KN-17 liquid fueled missile, which is well-known to US intelligence and has been previously launched by North Korea.
Ahead of Tuesday’s missile test, US satellites had seen evidence the KN-17 missile was being prepared for launch.
But at some point prior to launch, the North Koreans attached a second stage atop that missile.
The focus now is on the capability of that second stage, and how it technically contributed to making Pyongyang’s latest test its first ever intercontinental ballistic missile (ICBM) launch.
The next step will be the development of a solid fuel missile which could be launched with little warning.
The trajectory was high and short but the second stage could be programmed to go much longer range.
It is apparent that the US policy going back to Bill Clinton and his “Deal” to stop the Norks nuclear program, has been a complete failure, like so many of Clinton’s deals.
On Oct. 18, 1994, Clinton approved a plan to arrange more than $4 billion in energy aid to North Korea over the course of a decade, in return for a commitment from the country’s Communist leadership to freeze and gradually dismantle its nuclear weapons development program, according to The New York Times.
The “complex” deal was to de-escalate the situation on the Korean peninsula, where the two Korean nations never negotiated a peace treaty after the Korean War ended in armistice in 1953.
“This agreement is good for the United States, good for our allies, and good for the safety of the entire world,” said Clinton in 1994. “It’s a crucial step toward drawing North Korea into the global community.”
The drawing-in never happened.
I can only imagine what Hillary Clinton would do if she were President. The mind boggles at the thought.
Just when I thought the national establishment news media had about reached the nadir of unethical, irresponsible and unprofessional behavior, here comes CNN, the bane of travelers stuck in airport terminals and hapless patients in doctors’ office waiting rooms everywhere. to say, “Hold my beer and watch this!’
I refer to the story percolating out over the Fourth of July holiday, over how the fearless newshounds at CNN tracked down the guy (with the nic of Han*ssholeSolo) who appears to have created the GIF of a pro-wrestling Donald Trump slamming an opponent helpfully labeled CNN which the president retweeted late last week, to the great amusement of an audience who appreciates unsubtle humor like that. CNN apparently does not appreciate unsubtle humor, especially when directed at them, and forthwith one of their senior editors, one Andrew Kaczynski, tracked down the possible originator of the Trump/CNN wrestling GIF, and demanded an apology from Han*ssholeSolo. Or else they would in the charming manner which certain pestiferous and malicious trolls display when it comes to tormenting the objects of their ire doxx him and allow the flying monkeys of the internet lynch mob get their jollies by making his life miserable. And make the lives of his family, his neighbors, employer, and anyone who could possibly be mistaken for him also miserable. The originator, Han*ssholeSolo, may or may not be a fifteen-year-old, and may or may not have had other more or less embarrassing materiel on his page materiel which if unsavory enough likely gave CNN leverage against him in making demands in the first place.
So basically, they coerced an abject apology by threatening to turn the white-hot spotlight on him now and in the future if he doesn’t obey orders to the satisfaction of CNN … and then went right out and proudly announced what they had done to the world. This Andrew Kaczynski, I was reminded, was the one chiefly responsible for siccing the flying monkey lynch mob on Justine Sacco, some years ago. That this whole disgusting matter can be construed as extortion doesn’t seem to have occurred to CNN, although it certainly has to just about everyone else.
And it is just possible that the video materiel of Trump and CNN which Trump tweeted may not be the original material created by Han*ssholeSolo anyway, if this story is correct.
Discuss. Practically everyone else is today, anyway.
For the 4th of July of 2014, Cassandra had an excellent post: Independence in an Age of Cynicism. I recommend the entire post and all the links; read especially the third linked essay, which Cass wrote in 2008: Why I Am Patriotic: a Love Letter to America.
For the last several years, on July 4th I’ve posted an excerpt from Stephen Vincent Benet’s poem Listen to the People. The title I’ve used for these posts prior to 2013 was It Shall Be Sustained, which is from the last line of Benet’s poem.
Narrator:
This is Independence Day,
Fourth of July, the day we mean to keep,
Whatever happens and whatever falls
Out of a sky grown strange;
This is firecracker day for sunburnt kids,
The day of the parade,
Slambanging down the street.
Listen to the parade!
There’s J. K. Burney’s float,
Red-white-and-blue crepe-paper on the wheels,
The Fire Department and the local Grange,
There are the pretty girls with their hair curled
Who represent the Thirteen Colonies,
The Spirit of East Greenwich, Betsy Ross,
Democracy, or just some pretty girls.
There are the veterans and the Legion Post
(Their feet are going to hurt when they get home),
The band, the flag, the band, the usual crowd,
Good-humored, watching, hot,
Silent a second as the flag goes by,
Kidding the local cop and eating popsicles,
Jack Brown and Rosie Shapiro and Dan Shay,
Paul Bunchick and the Greek who runs the Greek’s,
The black-eyed children out of Sicily,
The girls who giggle and the boys who push,
All of them there and all of them a nation.
And, afterwards,
There’ll be ice-cream and fireworks and a speech
By somebody the Honorable Who,
The lovers will pair off in the kind dark
And Tessie Jones, our honor-graduate,
Will read the declaration.
That’s how it is. It’s always been that way.
That’s our Fourth of July, through war and peace,
That’s our fourth of July.
And a lean farmer on a stony farm
Came home from mowing, buttoned up his shirt
And walked ten miles to town.
Musket in hand.
He didn’t know the sky was falling down
And, it may be, he didn’t know so much.
But people oughtn’t to be pushed around
By kings or any such.
A workman in the city dropped his tools.
An ordinary, small-town kind of man
Found himself standing in the April sun,
One of a ragged line
Against the skilled professionals of war,
The matchless infantry who could not fail,
Not for the profit, not to conquer worlds,
Not for the pomp or the heroic tale
But first, and principally, since he was sore.
They could do things in quite a lot of places.
They shouldn’t do them here, in Lexington.
He looked around and saw his neighbors’ faces
The poem is very long, and is worth reading in full. The full text was published in Life Magazine; it is online here. The Life text may be a little difficult to read; I posted an excerpt which is considerably longer than the above here.
Benet’s poem ends with these words:
We made it and we make it and it’s ours
We shall maintain it. It shall be sustained
But shall it?
“Access, Access, Access” Rick Perry repeated to Bret Baier. It seemed a grilled candidate’s non sequitur to Baier’s question: weren’t many Texans uninsured? But I was struck by its truth. Insurance is of little use if no doctors take it, no medicine is available, deductibles and premiums are unmanageable. Positive rights – to food, to medicine, to jobs – are not rights. The theory never stands up to experience.
Perry’s run was brief; now, his task is encouraging access to energy of all kinds. Trump seemed an example of excess still is, I guess. But a nation not just energy independent but energy dominant is one empowered, free. And we can free others: a Europe not beholden to Russian oil is a healthier Europe. Neither Trump nor Perry invented fracking nor could Obama stop its success. But this administration respects it, clears the way for its natural flow.
Access, access, access how much does access to energy change our lives each day? How many are alive today because of access to energy forms unknown or at least unused 300 years ago? (Without air conditioning, I would have left my husband years ago. Then, again, he might have come with me.) Consider, though, the other extreme: we would be shocked to hear of elderly couples found frozen in the depth of winter, not uncommon in other times and places. How much more food is generated because of cheap energy? How broadly is food distributed?