The Market Ticker
Commentary on The Capital Markets
2017-09-18 08:09 by Karl Denninger
in Musings , 109 references
[Comments enabled]  

No, not my art, and yes, I'm biased.  I think it's all extraordinary work....

Sarah's art.  She's selling some (nowhere near all) of her recent work, and you're invited to check it out and let her know what you'd like!

Please do drop over to her blog's post and check it out!

Thanks in advance!

View this entry with comments (opens new window)
 

For a firm to place someone, who happens to be a woman, with a Masters in Music in charge of their corporate data security is not only either an obvious diversity hire or one of the most-obnoxious acts of nepotism or otherwise "paying it backward" of all time.

For that to have happened within a company that holds personal data on damn near every single American adult is outright criminal.

That the company appears to have tried to whitewash or even cover it up is even worse.

This calls for not just prison for the executives involved but the corporate death penalty for the company.

Folks, either we all stand in unison and demand that this firm be put out of business now and forevermore, and that for the indefinite future you are able to freeze and unfreeze your credit file without cost, at any time and for any reason or we as a nation deserve to be nuked to ash by the Korean Rocketman.

View this entry with comments (opens new window)
 

2017-09-17 14:53 by Karl Denninger
in Foreign Policy , 257 references
[Comments enabled]  

Maybe -- just maybe -- our government is waking up.

The latest dubbing of Kim-Jung-Nutjob as "Rocket Man" may be the start.

Maybe.

The declaration that we have "run out of UN options" is a better indication, and long overdue.  Obviously new sanctions did nothing to convince the North Koreans not to launch another missile -- this one apparently successful as well.  With each additional launch they learn more about re-entry and how to harden the "terminal package" portion of said missile.

Re-entry is mostly about angles and material science.  It's a function of ablative material, how heat is conducted into the inside of your warhead, and making sure the projectile remains stabilized through the air so it doesn't break up.  It took us a few tries to get it right, and it's taken Rocket Man a few tries too.  He will achieve it, if he hasn't already.  Note that nobody is talking about "lots of piece" returns this time around -- which means he might have gotten it figured out.

So we're back to the question I've asked repeatedly: Do we simply accept that North Korea has and will continue to perfect nuclear-armed missiles, or do we not?

If we do, and I remind you that other nations that have "given them up" have seen their leaders removed and killed at our behest or even via our direct action, including in some pretty nasty ways, then it's definitely time to cut the ****.

If we do not then it's also time to cut the **** because the longer we wait the worst the (very bad) consequences of doing something about this are going to be.

There are no "good" choices here.  Only a selection of not-so-good to very bad ones.

View this entry with comments (opens new window)
 

2017-09-17 07:00 by Karl Denninger
in Editorial , 192 references
[Comments enabled]  

No, I won't be giving you rat bastards any money in the future....

The venerated Smithsonian Institution’s National Museum of Natural History in Washington, D.C., has announced it will tear down the Johnson IMAX Theater—the premier theater in the United States dedicated to documentary films about nature—in order to sell more fast food.

That's outrageous.

The Smithsonian IMAX is a really cool thing, as are all of these theaters.  But ramping ticket prices have certainly not helped, so now it's would you like fries with that? instead.

Oh, also at outrageous prices.

I suppose it's fitting that our so-called national "historical society" would choose to add more insanely-unhealthy food options while destroying educational opportunity.

It fits right in with Facesucker, Snapcrap and Spoogle.

 

View this entry with comments (opens new window)
 

2017-09-15 07:00 by Karl Denninger
in Education , 418 references
[Comments enabled]  

Recently pointed out to me is what the so-called authoritative search engine of record has to say about history.

It has long been known that so-called "Wikipedia" is not an encyclopedia at all, as they intentionally bury information their "editors" do not want you to see, and will blackball people who try to fix it.  I went through this with them on my biographical entry and it took the threat of a lawsuit to stop it.  How does a dead person (that is, a historical figure) sue?  They don't, which means there's no lawful means to push back against intentionally biased "editing".

Over the last two decades schoolkids have been "using" Internet resources for various types of research.  It was revving up when I was running MCSNet; one of our larger contracts was to provide access to a large public library consortium all over the North Suburban area, along with Chicago's Harold Washington "main" downtown building. We wired dozens of facilities back when text-based access was the norm -- but of course libraries, historically, were usually about text.  Our first satellite dial-in location in Naperville was co-located in an independent bookstore.

The protocol of the day was known as Gopher, which was the predecessor to the web; it was light-weight by comparison and text-based, augmented with WAIS.

There has been a fair bit of digital ink spilled on utility providers (such as domain registrars and pipe sellers) pulling accounts and effectively blackballing people they don't like.  They justify this on a "Terms of Service" claim, but there's a large and essential difference between speech claimed to be "X" (insert whatever) and speech found to be "X" under due process protections.

The distinction doesn't matter when we're talking about discretionary business, but when it comes to utility services it's a different matter entirely.  There I believe a very clean argument exists that barring someone without judicial process (that is, due process of law) is illegal discrimination.  With the argument increasingly being made that the Internet is an "essential" service the utility argument gains sway.

Further, there are blatantly unlawful acts that some organizations, such as AirBNB and Uber, appear to have taken with regard to people they think are "Nazis" or "White Nationalists."  I remind you that public accommodation law bars discriminatory conduct of the sort these firms have engaged in -- repeatedly and publicly -- and that both public transportation and rental housing, whether short or long-term, fall under those laws.  The number of indictments against said firms?  Zero.

But the more-urgent call to action, and the reason for this post, is actually something far more-insidious and outrageous: The deliberate and outright re-writing of history to exclude not just points of view but people who were architects and major figures in various historical contexts all over the Internet -- including acts taken by major search engines such as Google.  This same paradigm is what is driving the desire to "rid the nation of Confederate statutes" and similar nonsense.

Folks, history is the study of facts.  And facts are often not pretty at all; they frequently involve extraordinarily bad actions and actors, never mind the many times more that are controversial in hindsight, whether they were controversial at the time or not.

It is utterly essential that we never lose sight of that, and that our children's education include a robust examination of history based on, and inclusive of, all of those facts.

As such it is utterly necessary that if you have children now or ever intend to have them that you demand and enforce, at the point of expulsion from office and replacement if necessary (and as many times as necessary), along with the firing of teachers who oppose same, an absolute ban on the use of The Internet for so-called historical research.

This explicitly includes Wikipedia, Google, any web-based media including the online publications of so-called "reputable news organizations", eBooks and similar.  Yes, that includes my blog.

Why?

Google "historical Europeans + white" and then click "images."  Have a look.  You'd never know who actually led the Continent -- and Britain -- for thousands of years.

The problem is that Internet-based "resources" can be and are routinely altered in undetectable ways and thus it is trivially easy to present lies by either omission or commission.  It is much harder to do the same with printed media; once printed, it's done unless someone burns or shreds it, both of which are visible to others and the changed copyright date makes clear that alterations have taken place.

Simply put you must do this, and you must do it now.

But you won't.

Because you won't -- you won't pack every single school board meeting from now until these changes are made -- we're going to lose our collective sense of history.  We're going to lose both the good and the bad from that; the context in which we evolved, the poor decisions and the good ones, and the literal erasure of the majority of those people and acts in their original historical context will be entirely lost in the body politic within the next set of students entering and in elementary school now.

Unless you're over the age of 60 you'll live to see it, but I assure you of this: You're not going to like it.

It is in fact exactly this paradigm and intentional obfuscation that has led to the rise of groups which hold that violence is an acceptable means to their ends.  The very lessons of history that teach us over the previous several thousand years that this is never acceptable have been literally scrubbed, along with the necessary context for people to understand how it happened, what the warning signs are, and why it must be stopped.

This is no accident folks.  It's an intentional act, it's being undertaken on a systematic basis, and we will lose western civilization if we do not stop and reverse it, at least in the educational system, right here and now.

View this entry with comments (opens new window)
 

Main Navigation
MUST-READ Selection:
A One-Sentence Bill To Force The Health-Care Issue

Full-Text Search & Archives
Archive Access
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be sent unmodified to lawmakers via print or electronic means or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media, to republish full articles, or for any commercial use (which includes any site where advertising is displayed.)

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.