December 28, 2013

Saturday Off-Topic (Moderated) Open Thread (122813)

Filed under: Lucid Links — Tom @ 6:05 am

This open thread will stay at or near the top today. Rules are here. Possible comment fodder may follow. Other topics are also fair game.

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Proving that Arianna Huffington’s sale of Huffington Post really wasHuffington’s Heist“: Huffington Post hasn’t turned a profit in the nearly three years since it was acquired by AOL. Supposedly, it was going to “post $66 million in operating profit in 2013 on $165 million in revenue” this year. That’s quite a miss. Supposedly, it will get into the black next year.

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A tone-deaf tyrant assister: “NSA Panel Member Recommends Increased Data Collection; Former CIA chief says controversial “bulk” collection of data should be expanded to include email, and could prevent the next 9/11.”

Really? “National-security officials insist new violations of privacy are essential for keeping Americans safe from terror—but there’s no evidence the programs have stopped any attacks.”

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Imagine that: Pro-Obama propaganda in Common Core.

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From the depths of the fever swamp (HT Twitchy): “Move Silicon Valley to Cleveland.” The scary thing is that if statists like Matt Yglesias ever got the kind of control needed to make this happen, they’d do it. They’d have to have totalitarian control, because the people in working for these firms wouldn’t move on their own.

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Mark Steyn is in a dispute with National Review editor Jason Lee Steorts: “I am sorry my editor at NR does not grasp the stakes.”

Indeed Steorts doesn’t. Because he doesn’t, he really shouldn’t be the editor.

But this is unfortunately no different than Jonah Goldberg chasing Ann Coulter away from National Review early last decade.

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At the Associated Press last week: “RAUL CASTRO ISSUES STERN WARNING TO ENTREPRENEURS” Basically, “Don’t get so successful that you hurt the almightly, all-powerful state.” What a sham.

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John Fund at National Review:

[A]t least Target informed its customers of the security breach, as it is required by federal law to do. HealthCare.gov faces no such requirement; it need never notify customers that their personal information has been hacked or possibly compromised. The Department of Health and Human Services was specifically asked to include a notification requirement in the rules it designed for the health-care exchanges, but HHS declined.

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At the Wall Street JournalThe EPA’s scientific review panel “is a political rubber stamp” — and its carbon sequestration requirements, the foundation of its “war on coal,” are based in sheer fantasy.

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I missed an important op-ed by Robert Grady when it appeared Thursday in the Wall Street Journal (HT to Last Resistance). Here’s a hugely important point:

Obama’s Misguided Obsession With Inequality
He uses statistics that ignore taxes and transfer payments. Faster growth is what the poor really need.

as Lee Ohanian and Kip Hagopian point out in their seminal paper, “The Mismeasure of Inequality” (Policy Review, 2011), use a Census Bureau definition of “money income” that excludes taxes, transfer payments like Medicaid, Medicare, nutrition assistance, the Earned Income Tax Credit, and even costly employee benefits such as health insurance.

Thus the data that is conventionally used to calculate the so-called Gini coefficient—the most commonly used measure of income inequality—ignore America’s highly progressive income tax system and the panoply of benefits and transfer payments. According to Messrs. Ohanian and Hagopian, once the effect of taxes and transfer payments is taken into account, “inequality actually declined 1.8% during the 16-year period between 1993 and 2009, when the Gini coefficient dropped from .395 to .388.”

In other words, the problem Obama decried hasn’t been one, at least through 2009.

There’s significant evidence that wealth inequality increased during the three years after 2007. Guess who’s to blame for that?

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Ed Driscoll at PJ Media: “Yet Another Journalist Says Lying Is A-OK.” They’ve been saying “everybody lies” since they defended Bill Clinton during impeachment, Ed.

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