Harshaw Rule in Aircraft Carriers

Another demonstration of the validity of the Harshaw Rule (first time fail) is in Robert Farley's piece on the worst aircraft carriers ever built (via Lawyers, Guns and Money).

Berkshire Hathaway and the Pay of Bigshots

From vox, in a piece on "pay ratios" the comparison of the pay of the CEO and the pay of the median employee in the company.  Some ratios are over 1,000.

Not all of the pay ratios released so far are so gaudy. Warren Buffett, the CEO of conglomerate Berkshire Hathaway, makes less than twice his company’s typical employee. 

[Updated:  Jeff Bezos earns 59 times the median Amazon employee according to this article.]

Taxes Today

Finished our 2017 taxes today, using TurboTax.  Seems to me they were more complicated than previous years, especially the boilerplate at the end.  Although with Mr. Zuckerberg's testimony still fresh, I still clicked on "agree" without reading and understanding them. I'm sure there's reasons for them, but it doesn't make me happy.

What really makes me unhappy is this sentence: "In Sweden, you can see your tax forms already filled in and approve them on your cellphone." That's from a piece at Monkey Cage on the complexities of our tax system (John Sides interviewing a couple experts).  One point made there--our system would be simpler if we taxed individuals rather than households.   Kevin Drum has in the past pushed the idea of IRS preparing our returns from their available data, with the individual taxpayer responsible for confirming the correctness of the information and adding to it.  It's a great idea, which Intuit will lobby against to their dying breath, so I guess today I contributed to the continuance of our system.

Congress Reluctant on CCC Program

If China puts tariffs on soybeans and other farm commodities, there's been discussion by the Secretary and President of the possibility of providing help to affected farmers, using the authority of the Commodity Credit Corporation.  That's getting some pushback from some in Congress, including Republican bigshots according to this article by Chris Clayton .

Banks With No Cash?

In Sweden, according to Steve Kelman here at FCW: ". In what might sound like a joke if it weren’t true, many banks carry no cash on their premises." Kelman is writing about Sweden and China, which he finds to be ahead of the U.S. in some areas of adopting IT:

"First, other countries’ edge over us is sometimes due to technology developed first outside the U.S., sometimes to quicker user adoption (something that would probably surprise most Americans), and sometimes to a greater ability to make non-tech organizational adjustments, such as eliminating minimum transaction values on credit cars, to get the tech to work better. Second, there are clearly efficiency benefits to the new technologies -- think only of the decline in hold ups in stores and bank robberies thanks to the disappearance of cash. But there are also benefits in terms of the general social climate for innovation."

Jefferson Versus Trump

Andy Seal has a post at USIntellectual History quoting Thomas Jefferson on the importance of public perception in maintaining ethical standards.

Good Things from Trump's Win

Two (sort of) good things from Trump's win:

1. Reading Bill Kristol with a bit more openness to his opinions, since he's a never-Trump.
2. Also George Will, and agreeing with him on civil forfeiture and felon voting.

I think it sort of validates James Madison's insights: multiple interests and viewpoints mean interesting overlaps on the Venn diagrams, resulting in safeguards against demagoguery and extremism.

The Soybean and Grain Embargoes

I remember Jimmy Carter's embargo on grain exports to the Soviet Union.  IIRC farmers didn't like the later, and it played a role in Carter's defeat.  Until I googled, I didn't remember Nixon's embargo on soybeans which was part of his economic maneuvers against inflation, etc.   Earl Butz ate crow over it, according to this piece.

Problem for Trump is that farmers know that patterns of trade can change.  If China puts tariffs on soybeans and switches to other suppliers, even if a trade war is averted, or quickly settled, the effects may be long lasting. 

Four Is the Number

Breaking news:  important--Augusta National now has four female members according to this ThinkProgress post.  That's 100 percent increase over 7 years.  At this rate, adding 2 members every 7 years, it will be about 2095 for half the members to be female.

Good News from Afghanistan

My title is four words, very surprising to find them in the same phrase.  Someone, I think Noah Smith, recently wrote there's an imbalance of news on Twitter; not enough attention is paid to good news.

The World Bank has a piece on how Afghanistan's healthcare system has improved over the past 15 years.  (Basically the government contracted with NGO's to handle care for specific regions, which has worked, and importantly Aghan professionals have been replacing the personnel who began with the NGO's.