Wealthy Can Be Stupid

The NY Times has an article on what people with wealth and/or high incomes are doing in anticipation of changes in tax law for 2013.  I found this to be stupid:

Kristina Collins, a chiropractor in McLean, Va., said she and her husband planned to closely monitor the business income from their joint practice to avoid crossing the income threshold for higher taxes outlined by President Obama on earnings above $200,000 for individuals and $250,000 for couples.

Ms. Collins said she felt torn by being near the cutoff line and disappointed that federal tax policy was providing a disincentive to keep expanding a business she founded in 1998.

“If we’re really close and it’s near the end-year, maybe we’ll just close down for a while and go on vacation,” she said.

There's little logic to the position unless she thinks, incorrectly, that the higher bracket applies to all earnings, not just the incremental gains over $250,000.  I hope they have a tax accountant who can advise them better. 

On Not Recording What Doesn't Happen

Sarah Kliff has a post on a study of what happens when women are refused an abortion.  We have data on what happens when a woman gets an abortion, but bureaucracies aren't very good in recording what happens in the absence of action.  My example in support of that generalization: FmHa and ASCS and FSA rarely had records on people who were refused service, that was one of the problems which led to the way the Pigford suit was resolved. 

A bureaucracy is geared to act, and to document the actions.  Rejections often aren't documented, unless in case of an appeal.

Leadership You Can Believe In

Tyler Cowen at Marginal Revolution quotes and links to a piece on the President of Urugua, a former member of the Tupamaro guerrillas and the world's poorest president.  (Only a 1987 VW beetle--my first car was a beetle.)

Oh To Be X in Minnesota

My father went to school there, his father was a minister in Minneapolis during his college years.  But that's not why it would be good to be in Minnesota. 

According to a piece on the Weather Channel this morning corn production in MN was up 16 percent because the gophers dodged the drought.  Thus the corn growers there benefited twice: once from a good harvest, and once from great prices. 

Oh to be a Minnesota corn grower.

Surprise Line of the Day (Senate Women)

"Republicans have the same number of women in the Senate that they had in 1995."

From Jonathan Bernsteins Plain Blog About Politics

The Choice: Abortion or Farmers?

The question is why did the Republicans lose their runs for the Senate in Missouri and Indiana.  The pat answer inside the Beltway is "abortion", ill-advised remarks by the Republican candidates.  But  Farm Policy reports on a Politico piece on the possibility of Sen. Cochran taking the ranking member role in Senate Ag, which includes this:

"“Boehner’s stand may have cost Republicans at least one if not two Senate seats that the GOP had hoped to win in Great Plains states. And Roberts argued Tuesday that the leadership must take a second look now at the farm bill and its promised savings –a precious commodity given the fiscal pressures at the end of the year.”

Dairy in California

From today's Farm Policy quoting from a Wall Street Journal article:

“Some 100 California dairy farmers are shutting their doors this year, according to the Milk Producers Council, a group representing dairy farmers. Many of the state’s roughly 1,600 dairy farms are wrestling with financial difficulties. And many farmers point their finger at California’s ‘Class 4b’ milk regulation, which governs the prices cheese makers pay,” the Journal article said.

When I was growing up, the small poultrymen were being put out of business by vertical integration and contract growing.  I don't know what has happened to egg prices over the last 50 years, but I assume they've been more stable since supply has been more regulated/coordinated.  I guess that sort of revamping of the dairy industry isn't quite as practical: too much capital involved perhaps.

Anyhow, things continue to change.

Farm Bill Extension?

Chris Clayton reports Sen. Grassley is predicting a one-year extension.

Shirley Sherrod

I've a hold on Shirley Sherrod's new book [at the library], but here's a brief review.

[Updated]

The Progress of New Terminology and Technology

Reading Notice CP-686 on the forthcoming use of MIDAS with GIS for acreage reporting, replacing CARS. 

Two terms new to me: "subfield" and "cross-over commodity".

Remembering the fiasco of the ASCS-578 in 1985 (and 86, and 87) I wish them luck.  Actually, I hope over the years the number of problems has been reduced, but acreage reporting was probably the  area where the conflict between national standards and local conditions was most obvious. Before computers, much of the conflict was hidden from the national office; State and county offices made things work.  Introduce the computer and local variation becomes a problem.

I suspect, without any evidence whatsoever, that part of the resistance to "electronic health records" on the part of doctors and others is based on this sort of thing.