Daily Archives: August 12, 2011

This might work in our fifty states, might not

Puerto Rico gets its housing market moving again. The beauty of having fifty states and a few territories is that they can try lots of different experiments -some will work, some will fail, some may be site – specific, some might work across the country. Same with medical care, education, and so on. A one size fits all solution, imposed by Washington, is less likely to succeed.

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Perfect murder or tragic accident?

American held in Aruba after his girlfriend disappears. No body, no evidence, I think he walks. But interesting.

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Idiots

Verizon strikers cut police lines for 21 hours.

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Robert Heinlein

From Instapundit:

AUGUST 12, 2011

SOMEHOW, I THINK THIS ROBERT HEINLEIN QUOTE IS WORTH REPEATING ONE MORE TIME:

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as “bad luck.”

You know?

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Another sale

78 Butternut Hollow sold for $1.730 in 2002, was renovated that year and placed back up for sale in 2006 for $3.150 in 2006. It took awhile, but has now sold for $2.150.

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Bobby Bonilla’s house finally sells

(That was supposed to be a complete post, but didn’t make it – let’s try again)

390 Round Hill Road. $5 million, after asking $7.5 million. Decent house, four acres, divorce. So it goes.

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Say goodbye to our $4 million artificial turf?

PCBs found in the Greenwich High School playing fields.  I happen to think this whole PCB business is a bunch of whooey,  but the Whole Foods mommies will never, ever, let Precious play on contaminated soil, so we’re in for an enormous expense.

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The end of a “value”investor

Bill Miller goes down. But that’s because Wall Street is no longer about investing in good companies, it’s about trading in micro-seconds. My father (1905) got out of the game in 1980, saying he no longer understood his business. Miller hung on far too long.

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Back to the drawing board for ObummerCare?

Another court rules that the government cannot force Americans to buy insurance from a private company. I’m guessing that the Supremes will ultimately rule the same way, which will eviscerate ObummerCare. You can’t make it work if not everyone pays, and I understand that principle. But I don’t think we get there from here. So try again.

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We pay for empty air flights

$200 million a year for empty airplanes to fly from “essential” (Congressmen’s favorite) rural airports. When you’re struggling to put your kids through college, buy food, pay your mortgage, and you know that half of America isn’t joining you in this “sacrifice”, stories like this tend to make your blood boil.

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Are colleges really going to destroy their sports teams?

NCAA to impose stricter academic standards on teams. It doesn’t matter a whit to me, but college basketball, just as a for instance, is a multi-billion-dollar business in which everyone gets rich except the “students”. If the universities want to kill that off, I don’t care, and I imagine the NBA will figure out how to recruit kids out of high school, but this whole scheme does have a Casablanca air, where Captain Renault is “shocked” to discover gambling at Rick’s cafe.

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I don’t think so

Fiat / Chrysler introduce the Fiat 500 to the US. I remember Fiat and I certainly know about Chrysler. Maybe in ten years, with a decent track record. Until then? Nah.

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Another Connecticut transportation boodoggle

$600 million bus lane from New Britain to Hartford.  An empty, high-speed train to Springfield, now this. We’re ruled by fools, incompetents and crooks.

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Madoff trustee begins Round II : clawback suits against Noel’s clients

“Invested” with Walter Noel? Brace yourself, Bridgett, Picard is coming after you. Walt’s friends at the Round Hill Club are going to be really pissed.

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