Recommended by Ricochet Members Created with Sketch. Member Post

 

18 U.S. Code § 875 – Interstate communications (c) Whoever transmits in interstate or foreign commerce any communication containing any threat to kidnap any person or any threat to injure the person of another, shall be fined under this title or imprisoned not more than five years, or both. Obviously one does not have to […]

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Contributor Post Created with Sketch. Taking a Look at Superstar Companies

 

Who are the superstar companies? In a new research note, McKinsey Global Institute (MGI) identifies them at the top 10 percent of the world’s largest companies, public and private, a group that captures 80 percent of economic profit. They’re the big technology firms of America and China as well as long-time global brands such as Coca-Cola. And they’re pulling away from the pack. Take a look a the top 1 percent: “The world’s 58 largest economic value-creating firms account for 6 percent of all economic profit. They have 20 times more sales, four times more profit (based on net income margin), and five times more R&D investment than median firms with annual sales above $1 billion.”

Impressive, but often it’s been the case — at least in the past — that the superstars that have burned twice as bright have only burned half as long. MGI notes that since the early 1990s, “almost half of the entire cohort of superstar firms in one business cycle have been knocked out of the top decile by the next business cycle. The fall can be steep: about two in five of the erstwhile highfliers dropped from top decile to bottom decile.” Indeed, one of the best parts of Linda Yueh’s new book “The Great Economists” (please check out my podcast with Yueh) is the story of how Nokia and Blackberry declined. (Not surprisingly, it was in the chapter on Joseph Schumpeter.)

Contributor Post Created with Sketch. Uncommon Knowledge: The Limits of Emergency Powers with Epstein & Yoo

 

Can a sitting president be indicted? What emergency powers does President Trump have to build a border wall and stop the government shutdown? Richard Epstein and John Yoo join me to answer these legal questions and more regarding the constitutional powers of the presidency, the state of the Supreme Court, the Mueller investigation, and the legality (or lack thereof) of indicting a sitting president.

Contributor Post Created with Sketch. None of This Matters

 

Another week, another dumb internet outrage. This time it was about the Covington kids. Before that, it was the fake news story and that celebrity who said the thing and a mean lady who yelled at a nice man and the bad man who was mean to the dog.

Each time, the usual suspects bellied up to their keyboards and rage-typed at each other until the next “scandal” made them type at different people. If you want to remain sane in the face of today’s Outrage-Industrial Complex, I’ll let you in on a secret: Twitter doesn’t matter. The viral video doesn’t matter. Our opinions don’t matter. This article doesn’t matter. None of this matters.

Conan O’Brien gets it. From a New York Times interview about his retooled talk show:

Recommended by Ricochet Members Created with Sketch. Hidden Costs of Renewable Fuels

 

I received an email from my alma mater, Brown University, which linked to this story:

A new Brown initiative with Constellation and Energy Development Partners will transform a former gravel pit in North Kingstown into Rhode Island’s highest-capacity contiguous solar generation project.

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In the book Our Dumb World, the editors of The Onion stated that Portugal has 50% of the world’s cork and 100% of the world’s interest in cork. Shortly after I read this, I happened to be in Portugal, and saw at a newsstand the Portuguese-language edition of National Geographic, and the cover story was […]

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“The titleless, nameless but – as reporters always say – ‘highly placed’ NHTSA functionary explained to me that all his car-safety experts were trained as automotive engineers. They came to work for DOT because they could get better jobs and more responsibility taking mechanical and electronic structures to pieces at NHTSA than they could by […]

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Recommended by Ricochet Members Created with Sketch. Quote of the Day: Rumor Has It

 

“Ad calamitatem quilibet rumor valet.” (Every rumor is believed against the unfortunate.)Syrus, Maxims.

“Extemplo Libyæ magnas it Fama per urbes:
Fama malum quo non velocius ullum;
Mobilitate viget, viresque acquirit eundo;
Parva metu primo; mox sese attollit in auras,
Ingrediturque solo, et caput inter nubilia condit.
* * *
Monstrum, horrendum ingens; cui quot sunt corpore plumæ
Tot vigiles oculi subter, mirabile dictu,
Tot linguæ, totidem ora sonant, tot subrigit aures.”

Contributor Post Created with Sketch. Roger Stone Arrested in Mueller Probe

 

Roger Stone, former political advisor to President Trump, was arrested in Fort Lauderdale before dawn Friday morning. A federal grand jury indicted Stone Thursday on charges of obstruction, false statements, and witness tampering as part of Robert Mueller’s Russia probe.

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Chavez and his successors turned prosperous, oil rich Venezuela into a disaster. As was so often the case, Obama embraced the hard Left. Yet our media is still in love with Obama and doesn’t ask him hard questions about why him embraced such an awful man who destroyed his country. And looking at resemblances between […]

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What do you call a system that has failed 90% of the time? That’s what the U.S. has had since 1974, after the enactment of the Congressional Budget and Impoundment Control Act of 1974. In the past four decades Congress has succeeded only 10% of the time in passing all twelve bills for the appropriations […]

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Contributor Post Created with Sketch. 2020 Democrats Begin Their Ad Campaigns

 

The 2020 race has kicked off with the opening salvos from a few Democratic hopefuls. First, here’s Tulsi Gabbard’s ad:

Recommended by Ricochet Members Created with Sketch. Is AOC Dangerous?

 

Award-winning actor and Twitter master, James Woods thinks so and he may have a point. In a nation where the average citizen can’t correctly identify the three branches … er, chambers … er, branches of the federal government, or who believe that members of Congress sign bills into law, or that Climate Change will wipe out civilization in a mere 12 years, then Alexandria Ocasio-Cortez (a.k.a., AOC) is the perfect candidate.

Her basic knowledge of economics, politics, history, and science aligns quite nicely with a large segment of the American electorate and not just the same electorate who voted overwhelmingly for Hillary Clinton but all of the younger voters who hated Clinton or didn’t have a chance to vote because they were too young or slept through Election Day in their parents’ basements or were blocking traffic in Portland and similar urban environs.

Still, some might consider it progress to transition from a known sociopath to a clueless socialist were it not for the fact that most socialists, either already are, or end up becoming sociopaths who murder the masses in their claimed efforts to create utopia for the masses. Socialist-capitalists Sean Penn and Jamie Foxx may have just spit out their tequila drinks and teetered in their poolside lounge chairs at this last remark and I’m sure would beg to differ and point out the utopian wonders that are Cuba and their beloved Venezuela.

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Like most institutions, whether religious, corporate or political, there are those who beclown themselves with idiotic statements, idiotic beliefs, or engage in foolish behavior. Of course, there are more sinister individuals who prey on fellow employees, schoolchildren, interns, Congressional pages, what have you. So, the ongoing corruption of the Catholic Church is not unique to […]

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Contributor Post Created with Sketch. Recommended by Ricochet Members Created with Sketch. Woke Chess

 

Chess, as a game, has undergone some rules changes over the years. Moving a pawn two spaces forward on it’s first move, for example, or the en passant to counter that. This time the rules have changed more than at any time since the middle ages, and I’m providing this guide for you to help understand the new rules.

We begin with the King and Queen. The word ‘Queen’ might be taken to be offensive to the LGBTQQI2S community, so please refer to the piece as ‘Princess’. This give something for little girls and little boys to aspire to.

To combat historical inequality between the genders and in order to emphasize that women can do everything that a man can do, the Princess now has the ability to move one space in every direction just like the king. This replaces her previous movement pattern of any number of spaces in any direction.

Contributor Post Created with Sketch. The East Valley Loves a Parade: Martin Luther King Jr. Parade

 

Monday, 21 January 2019, was a bright day for the Valley of the Sun. The East Valley Dr. Martin Luther King Jr. Parade and Festival, hosted by the City of Mesa, was well attended and had enough parade entries to last over an hour. Both the crowd lining the parade route, and those marching, broadly reflected the East Valley community.

Parade Organization:

Unlike the Veterans’ Day parade, where a non-profit group has had primary responsibility for organization and funding over the years, The Dr. Martin Luther King Jr. Parade was a public-private partnership event. The City of Mesa takes lead responsibility:

Contributor Post Created with Sketch. An Opening for a Party of Reality

 

Here they come, the newly resurgent Democrats, ready to take on “the man” (Rep. Rashida Tlaib); protect America’s middle class from “attack” by big corporations and billionaires (Sen. Elizabeth Warren); provide Medicare for all (Sen. Kamala Harris); offer universal pre-K (Julian Castro); and fight capitalism in general without any idea of how it works (Alexandria Ocasio-Cortez). The Democratic Party is lurching to the left like a confused American driver on a British highway.

As the New York Times’ Thomas Edsall notes, it isn’t just leaders who are stampeding to the port side. Democratic voters are becoming more liberal too. In the past 17 years, Pew Research has found, the percentage of Democrats who described themselves as liberal jumped from 30 to 50 percent. This is reflected in issue positions. In 2008, the percentage of Democrats who agreed that immigrants here illegally should be permitted to become citizens was 29 percent. That increased to 51 percent in 2018. Between 2010 and 2017, the portion who said “racial discrimination is the main reason many blacks can’t get ahead these days” rose from 28 percent to 64 percent. (Notably, among white liberals, 79.2 percent agreed that discrimination was the main thing holding blacks back, whereas among black respondents, the percentage was lower — 59.9 percent identified discrimination as the obstacle to progress. Hmm.)