Category: Uncategorized

One of our local public radio stations (see this previous post on the finances), WBUR, ran an article (“2 Firms To Investigate Allegations Against Tom Ashbrook”) about unhappy times among staff members of the On Point show. I.e., the news organization is reporting on itself. This makes sense because WBUR is packed full of journalism professionals who are great as investigations, right?

But then it seems that they are going to spend listener donations on hiring a $1,200/hour law firm, Holland & Knight, to figure out who had sex (or wanted to have sex? or talked about sex?) with whom. They’re hiring a separate contractor to look at “allegations of name-calling” (why not give the cash to local 3rd graders? That’s where I would go to find expertise in this area!).

I could understand WBUR not wanting to write about its own internal dispute and also leaving any investigation to outsiders. But if they are going to investigate this sufficiently to write the article, why can’t they finish the investigation internally? Why not simply have the reporter who wrote the above-cited article continue interviewing people and deliver a full account to management?

Related:

• What do we do with all of these leftover middle-aged accused sexual harassers? (about another NPR employee and including my question “Who will scold the scolders?”)

Full post, including comments

Over the past 10-20 years I have noticed an increasing percentage of young people seeking to spend their careers in non-profit enterprises, e.g., universities or public radio stations. Americans also now seek government jobs as avidly as 15th century Chinese did. Now that the tax code has been revised to make starting and operating a business more financially rewarding, I wonder if 2018 will be a year in which more Americans become interested in the (formerly?) dwindling for-profit sector of the economy?

Readers: What do you think? If for-profit corporations get to keep more of their profits, will that enable them to compete more effectively with non-profits for the next generation of workers?

Full post, including comments

Happy New Year to the weblog faithful!

We couldn’t make it to Times Square this year so Greta (age 8) came up with the idea of a suburban New Year’s ball drop.

Full post, including comments

Happy New Year!

How about a resolution to learn something new in 2018?

Under the time-honored medical school principle of “See One, Do One, Teach One,” I am preparing to help medical students use the R programming language. This post is to share what I’ve learned about learning R.

Set up your PC: download R and then download RStudio.

Advice from a friend who teaches machine learning at Harvard… “For a traditional procedural programmer”: read R Cookbook (O’Reilly); “For someone with low-level or Lisp knowledge”: read Advanced R (CRC).

[Somewhat tangentially, he recommended An Introduction to Statistical Learning, with Applications in R (James, et al; Springer), or The Elements of Statistical Learning (Springer), which can be used to awe friends with all of the equations and graphs.]

If you’d rather watch lectures and take short quizzes, start with the free edX course Data Science: R Basics. The next step on edX is Statistics and R, part of a seven-course series.

Separately, I’m not sure that I love R so far. “Like APL without the special keyboard” seems like a fair description. All kinds of magic happen with just a character or two and I worry that code won’t be readable, maybe even by the original author!

Full post, including comments

“Two heterosexual Irish men marry to avoid inheritance tax on property” (Guardian) neatly combines two recent media sensations: same-sex marriage and whether there should be taxes following death.

[Separately, though of course any marriage is a beautiful event it is unclear why this one was necessary. If you inherit a house that you live in, you may be exempt from taxes under Irish law (source). But perhaps one has to be a blood relation?]

Full post, including comments

Our 2007 Infiniti M35x is on its last legs with about 85,000 miles on the clock. The latest issue is a disconnection in one of two mufflers that, absent craft welding skills, requires $1,300 in third party parts ($2,500 in official Infiniti parts?) to repair. This follows failures in the radiator, brakes, A/C coolant hoses, etc. Nissan is not up to the challenge of New England winters and roads!

We are considering saving the planet with a Honda Clarity plug-in hybrid.

Let’s assume that lease numbers are the best guide to the actual cost of owning a vehicle since that is the price at which an arm’s length transaction for three years of ownership occurs.

We got a quote from the same dealer at roughly the same time for $0 down 36-month leases.

• stripped Honda Clarity: $556/month (residual value 46 percent)
• stripped Honda Accord LX CVT: $376/month (residual value 60 percent)
• upgraded Honda Accord EX CVT $434/month (residual value 59 percent)

As noted above, the Clarity Hybrid has a much lower predicted resale value than the gas-powered Accords. This, plus the higher list price, leads to $6,480 in extra costs over three years.

What about fuel cost savings that might offset this? Suppose that we drive 25,000 miles at 25 mpg in the Accord. That’s 1,000 gallons of gasoline at $2.75 per gallon = $2,750. The Federales say that the Clarity can go 100 miles on 31kWh of electricity (about $6 at Massachusetts electric rates, delivered, of 20 cents per kWh (nationwide rates)). We assume that we can go 12,000 miles on electric at a cost of $720. The other 13,000 miles in the Clarity will happen at 30 mpg? That’s 433 gallons = $1,192. So the fuel savings are $952.

Readers: Did I make any mistakes above? Or is the cost of lording it over neighbors in the Greener Than Thou department roughly $5,500?

[Note that I updated the electricity-related arithmetic, above, to reflect the real cost of electricity in Massachusetts, including the various delivery charges.]

Related:

• Have we reached Peak Reliability for internal combustion engine cars? (camshaft sensor) describes the Infiniti’s failure on Interstate 90
• How to get a free car: lease an electric car (but sadly, not a Tesla) — middle class taxpayers in California will buy rich residents free cars

Full post, including comments

Hosting a New Year’s celebration for a mixed group of deplorable small business owners and righteous W-2 wage slaves? Here is a suggestion for wines to serve:

 

Full post, including comments

As 2017 winds down I want to recommend The Russian Revolution: A New History by Sean McMeekin, very likely the only Bard College professor who is not impressed with Socialism.

I had always thought of Bolshevism as a kind of logical next step in the political development of Russia. Professor McMeekin presents the success of Lenin, Trotsky, and Stalin as almost an accident. The Tsar followed bad advice and entered World War I. The Germans, with whom Russia was at war at the time, financed the Bolsheviks with as much as $1 billion in today’s money. The provisional government that took over after the February Revolution got distracted by a fight with a popular general (the Kornilov affair) and failed to do the obvious thing of arresting all of the German-financed traitors. McMeekin’s point of view does not seem to be the consensus among historians, but it is an interesting perspective.

The history is also relevant for our time due to the debate that we’re having about whether we can make the average American better off by having the government grab money from rich Americans. The Soviets were the masters at this, according to McMeekin. They looted out the world’s largest gold reserves. Then they took all of the property from wealthy private citizens, some of whom were among the richest people in the world. Then they took all of the accumulated wealth of the churches in Russia, which yielded literally tons of silver. Then they took a lot of wealth from the rest of the world by defaulting on the country’s debt. Russia had been one of the world’s most successful economies in the years leading up to the revolution so there was a huge pile of loot to draw down. Nonetheless, the loot didn’t go that far and people ended up starving. What the Russian/Soviet experiment teaches McMeekin is that a growing economy is more important than grabbing accumulated wealth from rich bastards.

McMeekin closes out the book by noting that modern politicians who promise the same stuff that Lenin promised and use the same tactics are likely to rise to power in roughly the same way.

Related:

• Hugo Chavez: Great politician; poor administrator
• Book review: Piketty’s Capital

Full post, including comments

My Facebook friends who live in California are thinking hard about how to minimize their federal tax liability. This month they are prepaying their property taxes as far out into the future as possible. For next year, however, they want to turn the state into a “charity” so that they can make voluntary charitable contributions in exchange for a 100 percent state tax credit (Bloomberg discusses this idea; the LA Times talks about it specifically for California).

If you support higher taxes and a bigger government, why not simply pay with a smile? (maybe even send an extra voluntary check to the U.S. Treasury!) It seems that they would do so, but for the hated Donald Trump having been elected by the racist, sexist, and stupid voters in other states. They don’t want to give Donald Trump more money to spend on policies with which they disagree (though if Congress appropriates $X, won’t taxpayers in other states have to pony up $X eventually, even if Californians come up with ways to avoid contributing? The Trump Administration will still spend the budgeted amount, but maybe borrow more to replace what Californians would have paid in taxes)

Here are some more explanations from the virtuous:

People- myself included- generally don’t mind paying more when you get something in return from a societal perspective.
This tax plan hurts our local system and just goes to subsidize people who voted to lower their own state taxes and gut their own state services and are now complaining about the impact. [i.e., he wants middle class people in lean-government Texas to subsidize rich people in fat-government California and New York]

this tax reform accomplished nothing productive or beneficial for the state or most individuals- it is pure partisan politics.
That is, of course, unless you are in real estate development. [from a woman who never started or managed a company; her spending power came from (a) parents, (b) a W-2 job at a non-profit, then (c) the labor of her husband. I find it interesting that she characterizes the changes to the tax code as “tax reform“, demonstrating how deeply embedded doublespeak is in our society]

What about the fact that the same people attacked Donald Trump for purportedly taking all of the deductions provided for in the tax code at the time (one rather insane feature of which, apparently, was that a real estate developer could deduct at least some of the money put up (and then lost) by investors!)? It turns out that was reprehensible while tax-avoidance via prepayment of 2019 or 2020 property tax was virtuous. Trump wrote off a “fake loss.”

A libertarian friend got into an argument with some of these rich tax-avoiding passionate Democrats. The response?

Logic and rational argument DOES seem boring to an increasing number of Americans, which is how we ended up with our current administration.

(i.e., the smart and logical people all voted for Hillary)

Related:

• The tax-avoidance strategies of folks who support higher taxes (mostly about Massachusetts)

Full post, including comments

Thanks to Trump and climate change it has been below freezing for the whole week here in Boston and sometimes below 0F. January 8, 2018 is supposed to be our next day with an above-freezing high temp (39) and February 3, 2018 our first day when it might get warm enough (46F) to melt some of the snow. Accuweather’s forecast of the next day when the low temp will also be above freezing? March 24, 2018!

Our flight school has blocked off aircraft on the coldest mornings. If the plane is on a Tanis or Reiff heater, why is this necessary? “We have found that we do more damage than we collect in revenue below 10F. It is not just the engine. Instruments, gyros, and anything else that has to move gets unhappy. Autopilot servos, trim servos, glass screens, electric fuel pump motors: all of it is unhappy.”

Full post, including comments