Friday, June 28, 2019

Climate Change causes illegal entry of Central Americans into the USA

LOGIC 101 Lecture by Beto O'Rourke 6/28/2019



You’ve got to remember. They’re fleeing the dumbest countries on the face of the planet today. Compounded by drought that was caused not by God, not by Mother Nature but by us, man made climate change, our emissions, our excesses, our inaction in the face of the facts, and the science. When it’s that deadly, and when you’re unable to grow your own food to feed yourself you have no choice but to come here. 

Conclusion: Therefore the solution to the illegal entry crisis is to get rid of Trump and take climate action. Ensuring the integrity of international borders and enforcing immigration laws is not the answer. The answer is climate action. This is because, in the age of climate change, all problems can be framed in terms of climate change, and then solved simply by cutting emissions. This is the brave new world of climate change that Trump, and people like him, don't understand. 



Friday, June 21, 2019

Show Your Stripes

CLIMATE SCIENCE: STRONG EVIDENCE THAT WHAT IS MARKETED AS OBJECTIVE SCIENTIFIC INQUIRY IS A CLEAR CASE OF ACTIVISM WITH SCIENTISTS WORKING HAND IN GLOVE WITH ACTIVISTS AS ORGANIZER AND TRAINER TO PROMOTE FEAR BASED ACTIVISM AND SELL THE CLIMATE CHANGE AGENDA. 

THE U.S. GOVERNMENT'S EVALUATION OF THE CLIMATE CHANGE ISSUE: THESE COMMENTS BY THE HEAD OF THE HOUSE SELECT COMMITTEE ON CLIMATE CHANGE MAKE IT CLEAR THAT THE EVALUATION IS NOT OBJECTIVE BUT A HIGHLY ORGANIZED MECHANISM FOR CLIMATE ACTIVISM GUIDED AND AIDED BY CLIMATE SCIENTISTS WHO ARE ALSO CLIMATE ACTIVISTS. 


THE COMMENTS BELOW REVEAL THAT SCIENTISTS AND HOUSE REPRESENTATIVES HAVE FORMED A CLIMATE ACTIVISM CABAL TO SELL CLIMATE ACTION. 



A commentary on the Climate Change Issue by US Rep Kathy Castor, head of the House Select Committee on Climate Change. 



                                                    FIGURE 1: WARMING STRIPES


          FIGURE 2: FLORIDA




  1. "Hello, I'm Kathy Castor and I chair the House Select Committee on The Climate Crisis
  2. Climate Scientists are asking us to do something very simple today and I want to tell you how you can participate. 
  3. These are the warming stripes. Each line represents one year of global temperature data from 1850-2018. These stripes have become a powerful symbol because they make our climate crisis so clear.  (FIGURE 1)
  4. And this year our House Select Committee on the Climate Crisis became the first government body to use the warming stripes in our logo
  5. I love it when our colleagues ask us what the stripes mean. It's a great way to start a conversation about what we're doing to solve the climate crisis
  6. Now scientists have made it easy for you to picture what global warming looks like in your backyard so you can start your own conversation. For example, these are the warming stripes from my home state of Florida. (FIGURE 2). Every place is different and we're all affected by the climate crisis. 
  7. So go to ShowYourStripes dot info and find your warming stripes. Then start a conversation. Post them to social media with the hashtag "Show Your Stripes"
  8. Because no matter where we live, we're all in this together. 
  9. RELATED POST ON ACTIVISM IN CLIMATE SCIENCE: [LINK]

Monday, June 17, 2019


An Agency Theory of Securities Regulation: A Note

Chaamjamal, Thailand 


  1. In presenting the history of securities regulation we examine the rise of credit and equity financing in pre-industrial Europe and trace the evolution of regulation from the Bubble Act of 1720 through the market break of 1929 and the formation of the SEC, to the present day issues with regard to financial innovations, computerization of trading, globalization of capital markets and operational risks in emerging markets.
  2. Modern finance theory is wanting a coherent theory of regulation. Scholarly work on the theory of regulation forwarded by Bennett, Bentson, Friend, Kripke, Loss, Mann, Merton Miller, Rosen, Seligman, Stigler, and others during a 30-year period (1964 to 1994) address different aspects of regulation and their theories are in conflict.
  3. Much of the theoretical debate has been in the form of for and against regulation. For example, Stigler and his supporters are against regulation because, they argue, disclosure requirements impose unnecessary costs on corporations. According to this view, "disclosure increases share prices" and since managers pay is tied to firm performance it is in the self interest of managers to disclose anyway without the need for externally imposed regulation. Friend and others dispute this view and argue for regulation. They contend that "it is precisely because" of the managers self-interest in high share prices that he is likely to withhold adverse information or exaggerate positive information. Similar debates (for or against) exist for other forms of regulation such as anti-trust laws, the control of insider trades and SEC rules concerning the behavior of brokers, the operation of exchanges and new issue offereings by corporations.
  4. The purpose of regulation itself is embroiled in controversy. Why does securities regulation exist? Is it to protect the individual investor? from whom? Or is it to preserve capital markets? Or to assist corporations in raising capital? In our analysis we consider all forms of regulation including uniform accounting methods, NASD and exchange internal regulations, and externally imposed regulation by legislation and we argue that regulation exists for all of these reasons. We support the argument by building a coherent model of regulation using the cost of capital to corporations in the aggregate economy as the operational variable. We then define a term called the `agency cost of capital formation and show that regulation influences the cost of capital (and therefore the wealth of the economy) by acting through this variable. Rather than argue for or against regulation our theoretical model sets the framework for an optimal level of regulation.
  5. We contend that the agency cost of capital formation is a significant portion of the cost of capital to corporations. A well designed regulatory structure is necessary to reach an optimal balance between monitoring costs imposed by regulation and the reduction in agency costs achieved by regulation. In the absence of regulation, wealth transfers between shareholder, debtholders, and management may occur that drive investors from the market; and prices are not optimal and do not allocate capital efficiently. Because of the added risk investors demand additional returns. The result is an increased cost of capital to corporations, and less overall investment in productive assets. Excessive and inappropriate regulation are associated with high monitoring costs to corporations because they limit the ability of the market to attract new capital, to provide liquidity to investors, or to allow corporations to utilize the market to finance new projects.

Thursday, June 13, 2019

FOUND IN ACTUAL HOSPITAL RECORDS

FOUND IN ACTUAL HOSPITAL RECORDS  BY Norman R. McBride

By the time he was admitted, his rapid heart had stopped, and he was feeling better.

Patient has chest pain if she lies on her left side for over a year.


The patient states there is a burning pain in his penis which goes to his feet.

On the second day the knee was better and on the third day it had completely disappeared.

She has had no rigors or shaking chills, but her husband states she was very hot in bed last night.

I will be happy to go into her GI system; she seems ready and anxious.

Patient was released to outpatient department without dressing. I have suggested that he loosen his pants before standing, and then, when he stands with the help of his wife, they should fall to the floor.

The patient is tearful and crying constantly. She also appears to be depressed.

Discharge status: Alive but without permission. T

The patient will need disposition, and therefore we will get Dr. Blank to dispose of him.

Healthy appearing decrepit 69 year-old male, mentally alert but forgetful.

The patient refused an autopsy.

The patient has no past history of suicides.

The patient expired on the floor uneventfully.

Patient has left his white blood cells at another hospital.

Patient was becoming more demented with urinary frequency.

The patient's past medical history has been remarkably insignificant with only a 40 pound weight gain in the past three days.

She slipped on the ice and apparently her legs went in separate directions in early December.

The patient experienced sudden onset of severe shortness of breath with a picture of acute pulmonary edema at home while having sex which gradually deteriorated in the emergency room.

The patient left the hospital feeling much better except for her original complaints.