Law Enforcement Is Not the Same Thing as Security
I have a general distrust of police, but while distrust may be healthy, I try to keep my antipathy aimed at the institution of the police, rather than the individuals themselves.
I have a general distrust of police, but while distrust may be healthy, I try to keep my antipathy aimed at the institution of the police, rather than the individuals themselves.
Major international comparisons have long concluded that Americans’ ability to effectively utilize mathematics is inadequate. Such conclusions divide students, parents, teachers and administrators into camps that share little more than blaming others for the problems. However, it is unclear whether all the finger-pointing indicates a real desire to overcome our innumeracy. In fact, we systematically misuse numbers to distort reality because we want to fool ourselves, making our ineptitude no surprise.
What does Larry Fink have against profit? Fink is the CEO of the mega investment firm BlackRock, and in an open letter to CEOs earlier this month he calls for a ramping up of social investing and social management of corporate America.
“Sophistry?” my indignant neighbor replied, shovel raised.
“Yes,” I responded, raising my shovel in response, “pure sophistry.”
How did we, two friendly neighbors, end up in such a confrontation? What was the reason for raising shovels instead of slinging snow? To answer that, we must go back in time.
The weather forecasters had predicted rain, followed by ice, and then by snow. Panic was everywhere, which usually means nothing would be the result — and I had hoped as much. Sure, we might get a little rain and a little ice and snow, but only as minor inconveniences.
Most early business cycle indicators suggest that the global economy is pretty much roaring ahead. Production and employment are rising. Firms keep investing and show decent profits. International trade is expanding. Credit is easy to obtain. Stock prices keep moving up to ever higher levels. All seems to be well. Or does it? Unfortunately, the economic upswing shows the devil’s footprints: central banks have set it in motion with their extremely low, and in some countries even negative, interest rate policy and rampant monetary expansion.
As Donald Trump might put it, major weapons contractors like Boeing, Raytheon, and Lockheed Martin cashed in “bigly” in his first year in office.