the Long of it ........

unintended consequences and other musings

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WSJ 09172015

09172015

CNN worked hard to try and set up confrontations in last nights debate and it worked to a degree – many of the candidates took turns trying to position Trump as unprepared for the presidency.  (Lee; not sure whether debate format helps CNN ratings but definitely did not help us peon’s determine policy positions.)

GM is close to completing a deal in which they will admit to wire fraud in the faulty ignition-switch case – they will have to fund victim compensation funds.

All eyes on the Federal Reserve Board today to see if they will raise rates – Wall Street has its doubts. (Lee – did not happen)

Student Loans has unintended consequences as the risk is not accounted for as it would be in a market economy.  While mortgage loans have a built-in limit to the appraised value of the house, college loans are not correlated to the value of the education.  Thus, we have extremely high default rates for two year community and private vocational degrees – this is primarily due to lower income and older students attending these institutions.  While charging interest rates of 35% is not feasible, having colleges share in any loan loss might improve the marketability of these degrees.   Currently, loans are subsidizing not just the needy, but the affluent and least deserving, the colleges.

Uninsured rates have dropped from 13.3% to 10.4% since Affordable Care Act implemented.  The number of uninsured fell by 8.8 million to 33 million.  Medicaid increased by 6.8M.  (Lee – would many Democrats have supported this if they knew that the law would only result in this incremental gain – we still have over 30M uninsured! – Increasing Medicaid for the most needy could have solved the same thing).

The Dickey is making a fashion comeback – remember the dickey – did you have one?…or like Lee, more than one?

California has a bit of irony with the recent fires; a severe fire season lasting one or two months can release as much carbon as the the annual emissions of the transportation or energy sector of an individual state.

Airports are now spacing airplane landings by time instead of distance to cut down on delays – innovative approach.

Cooks today are using a variety of types of flours to add flavors to their recipes.

Time to fill open positions in the US is now taking a record 29 days; some companies are experimenting with getting people hired in one week.

While Apple released OS 9 today, it has delayed the watch OS release due to a bug.

OPINION PAGE:  The President has not commented on the broad set of economic data released Wednesday and we think we understand why; it is not good.  The official rate of poverty (14.8%) did not budge for the fourth straight year and is 2.3 points ahead of 2007.  The worst news is that poverty has increased in an area where it usually has not; married couples with children and people aged 25 and older with an undergraduate degree.  No President has done worse by the middle class in modern times.

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