Odds and ends - InvestingChannel

Odds and ends



1. Commenter Floccina directed me to a video showing Matt Yglesias’s ideal city.

2. A back issue of Harpers had an article discussing the possibility of legalizing drugs. This comment caught my eye:

At the time, I was writing a book about the politics of drug prohibition. I started to ask [former Nixon aide] Ehrlichman a series of earnest, wonky questions that he impatiently waved away. “You want to know what this was really all about?” he asked with the bluntness of a man who, after public disgrace and a stretch in federal prison, had little left to protect. “The Nixon campaign in 1968, and the Nixon White House after that, had two enemies: the antiwar left and black people. You understand what I’m saying? We knew we couldn’t make it illegal to be either against the war or black, but by getting the public to associate the hippies with marijuana and blacks with heroin, and then criminalizing both heavily, we could disrupt those communities. We could arrest their leaders, raid their homes, break up their meetings, and vilify them night after night on the evening news. Did we know we were lying about the drugs? Of course we did.”

3. AP has an interesting story on the origins of Covid. Here’s one tidbit:

Governments in Asia are pressuring scientists not to look for the virus for fear it could be traced inside their borders.

And this is even more interesting:

The first publicly known search for the virus took place on Dec. 31, 2019, when Chinese Center for Disease Control scientists visited the Wuhan market where many early COVID-19 cases surfaced.

However, WHO officials heard of an earlier inspection of the market on Dec. 25, 2019, according to a recording of a confidential WHO meeting provided to AP by an attendee. Such a probe has never been mentioned publicly by either Chinese authorities or WHO.

In the recording, WHO’s top animal virus expert, Peter Ben Embarek, mentioned the earlier date, describing it as “an interesting detail.” He told colleagues that officials were “looking at what was on sale in the market, whether all the vendors have licenses (and) if there was any illegal (wildlife) trade happening in the market.”

A colleague asked Ben Embarek, who is no longer with WHO, if that seemed unusual. He responded that “it was not routine,” and that the Chinese “must have had some reason” to investigate the market. “We’ll try to figure out what happened and why they did that.”

4. According to the FT, English speaking countries seem to attract the best people, according to a wide range of metrics including being law abiding:

International comparisons find that people with immigrant backgrounds are generally imprisoned at similar or higher rates to the native-born, except in the US, UK, New Zealand and Australia where they are under-represented in the prison population, a sign of successful integration.

However, these are relative crime rates. Recall that the absolute rate of imprisonment in the US is higher than for most other countries. The following graph is interesting:

I’m actually surprised that the immigrant situation in Sweden isn’t much worse. Given the stories I’ve read about immigrant crime in Sweden, I didn’t expect to see that country so close to the 45 degree line.

5. Chinese audiences used to go for dramas with rich, successful, and arrogant leads. Now beta males are in fashion:

They might work in an office setting in which they are treated as nobodies, but at home and in front of women, they show their husbandly charm. Far from undermining their manliness, the loser label highlights not merely their “worthlessness” but also their willingness to sacrifice. Under enormous professional and personal pressures, young people have no choice but to endure and compromise — to be “losers” — in order to make ends meet. Audiences, able to empathize, are falling hard for men who reflect this reality.

Also from China, cities are starting to ban facial recognition.

6. Dumb and dumber. The exceedingly dumb Donald Trump is seeking a VP that’s even dumber, who will not overshadow him. Apparently Elise Stefanik is among the finalists. She certainly seem to fit the bill:

Job opening: Vice President of the United States of America (serving behind a nearly 80 year old man). Only complete morons need apply.

7. Nate Silver has a good piece on the ways that people form political opinions. This nugget caught my eye:

And sometimes the desire for social signaling can lead people to confused positions. Here, for instance, was a statement made by a protester at a “Queers for Palestine” rally in January.

“Palestine could be the most homophobic place in the world—which it’s not, it’s literally better than here—but it could be, and does that mean all these people need to be killed?” Yaffa asked. “A third of those are children. The children are the homophobes?”

Emphasis mine. The protestor was claiming that Palestine — where same-sex sexual activity is illegal and has sometimes been subject to execution — was literally less homophobic than the place where the rally was held. The punchline is that the rally took place in Northampton, Massachusetts, which is sometimes considered the lesbian capital of the world. You have to be engaged in an extraordinary degree of motivated reasoning to think that Northampton is literally more homophobic than Gaza. The sort of motivated reasoning that comes when there are social rewards both for being pro-Palestine and for being pro-LGBTQ+, enough that nobody in your bubble is really pressing you on the details.

One area where the horseshoe theory applies is that the extreme left and the extreme right are both dumb as rocks.



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