Author's posts
Apr 26 2011
Our Casino Economy
Crossposted from The Stars Hollow Gazette
It doesn’t matter that the house always wins because hey, you might get lucky.
The Casino Next Door
How slot machines snuck into the mall, along with money laundering, bribery, shootouts, and billions in profits
By Felix Gillette, Business Week
April 21, 2011, 5:00PM EST
Jacks is about the size of a neighborhood deli. There is a bar next door and a convenience store around the corner. Inside, jumbo playing cards decorate the walls. The room is filled with about 30 desktop computers. Here and there, men and women sit in office chairs and tap at the computers. They are playing “sweepstakes” games that mimic the look and feel of traditional slot machines. Rows of symbols-cherries, lucky sevens, four-leaf clovers-tumble with every click of the mouse.
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It’s a high-margin, cash-rich business. According to Mecham, each terminal at a thriving cafe typically grosses $1,000 to $5,000 per month. A medium-size business with, say, 100 machines would therefore gross around $250,000 a month, or in the ballpark of $3 million a year. All of which would suggest that in less than a decade, Internet sweepstakes cafes in the U.S. have grown into a collective $10 billion to $15 billion industry.
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Customers are easy to find. Mecham says sweepstakes cafes cater primarily to two demographics: the old and the poor. “Lower-income customers are coming in because they’re bad at math,” he says. “It’s like the lottery. The lottery is a tax on people who are bad at math. They’re coming in to try and catch a big break.”
Are you sure this place is honest?
Honest? As honest as the day is long!
Apr 23 2011
John Henry was a steel driving man
Crossposted from The Stars Hollow Gazette
The Management Myth
By Matthew Stewart, The Atlantic
June, 2006
After I left the consulting business, in a reversal of the usual order of things, I decided to check out the management literature. Partly, I wanted to “process” my own experience and find out what I had missed in skipping business school. Partly, I had a lot of time on my hands. As I plowed through tomes on competitive strategy, business process re-engineering, and the like, not once did I catch myself thinking, Damn! If only I had known this sooner! Instead, I found myself thinking things I never thought I’d think, like, I’d rather be reading Heidegger! It was a disturbing experience. It thickened the mystery around the question that had nagged me from the start of my business career: Why does management education exist?
Management theory came to life in 1899 with a simple question: “How many tons of pig iron bars can a worker load onto a rail car in the course of a working day?” The man behind this question was Frederick Winslow Taylor, the author of The Principles of Scientific Management and, by most accounts, the founding father of the whole management business.
Taylor was forty-three years old and on contract with the Bethlehem Steel Company when the pig iron question hit him. Staring out over an industrial yard that covered several square miles of the Pennsylvania landscape, he watched as laborers loaded ninety-two-pound bars onto rail cars. There were 80,000 tons’ worth of iron bars, which were to be carted off as fast as possible to meet new demand sparked by the Spanish-American War. Taylor narrowed his eyes: there was waste there, he was certain. After hastily reviewing the books at company headquarters, he estimated that the men were currently loading iron at the rate of twelve and a half tons per man per day.
Taylor stormed down to the yard with his assistants (“college men,” he called them) and rounded up a group of top-notch lifters (“first-class men”), who in this case happened to be ten “large, powerful Hungarians.” He offered to double the workers’ wages in exchange for their participation in an experiment. The Hungarians, eager to impress their apparent benefactor, put on a spirited show. Huffing up and down the rail car ramps, they loaded sixteen and a half tons in something under fourteen minutes. Taylor did the math: over a ten-hour day, it worked out to seventy-five tons per day per man. Naturally, he had to allow time for bathroom breaks, lunch, and rest periods, so he adjusted the figure approximately 40 percent downward. Henceforth, each laborer in the yard was assigned to load forty-seven and a half pig tons per day, with bonus pay for reaching the target and penalties for failing.
When the Hungarians realized that they were being asked to quadruple their previous daily workload, they howled and refused to work. So Taylor found a “high-priced man,” a lean Pennsylvania Dutchman whose intelligence he compared to that of an ox. Lured by the promise of a 60 percent increase in wages, from $1.15 to a whopping $1.85 a day, Taylor’s high-priced man loaded forty-five and three-quarters tons over the course of a grueling day-close enough, in Taylor’s mind, to count as the first victory for the methods of modern management.
Of course, at the end of the song John Henry dies (h/t Avedon @ Eschaton).
Apr 23 2011
Accessory After The Fact
Crossposted from The Stars Hollow Gazette
DOJ Sits On Its Thumbs A Year After Macondo’s Mouth Of Hell Roared
By: bmaz Friday April 22, 2011 5:31 am
Jason Anderson, Aaron Dale Burkeen, Donald Clark, Stephen Curtis, Roy Wyatt Kemp, Karl Kleppinger, Gordon Jones, Blair Manuel, Dewey Revette, Shane Roshto, Adam Weise These are names you should know. These are the first, and most blatant, victims of the Deepwater Horizon explosion at Macondo. Their actual names do not quickly come to the tongue, nor are they so easy to find. In fact, you know what I had to do to find them? Go through the same process this guy did. And, still, the first link I found them at was his post.
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(N)othing, not diddly squat, has been done. And if the corporate powers that be in this country, and the political puppets who serve them, including Barack Obama, Eric Holder and the currently politicized Department of Justice, have anything to say about it (and they have everything to say about it) nothing significant is going to be done about BP, TransOcean, Halliburton and the Gulf tragedy, or anything related, in the future.Like the craven and dishonest shell game that has been played by the current administration with regard to torture and destruction of evidence, the US government appears to simply be determined to shine this on with the bare minimum of faux accountability and disingenuous rhetoric to soothe the perturbed masses and maintain status quo with their partners in corporate/political domination of the American populous. That is clearly who they are, and quite apparently who we have become.
So, what could have been the process? Well, that is pretty easily delineated. In fact, I set it out definitively on May 28th of last year. Please refer to the link to the post for a complete list of the factors, nee elements of the crimes, that were already present a year ago. It is startling to realize what was already known then; especially when compounded with what is known now. The only difference today is that we can definitively add the United States government, and the administration of Barack Obama, to the queue of “Criminals in the Gulf“.
Apr 23 2011
Nothing To See Here
Crossposted from The Stars Hollow Gazette
Tiny Fish Spur Widening Worry
Japan Discovers High Radiation Levels in One Species, Stoking Environmental and Safety Concerns
By JURO OSAWA and YOREE KOH in Tokyo and DAISUKE WAKABAYASHI in Kesennuma, Japan, The Wall Street Journal
APRIL 6, 2011
Officials from Tepco and the agency have said repeatedly that the level of radiation that has seeped into the sea over the past two weeks-while measured at highly elevated levels right near the plant-posed no major immediate threat to humans or to the environment, because the water disperses quickly into the vast ocean. But the contaminated fish were caught about 50 miles south of the reactors, well beyond the 12.5-mile evacuation perimeter.
One sample of konago caught Friday contained twice the permissible level of radioactive iodine-131, which has a half-life of eight days and which can accumulate in the thyroid in humans, possibly raising the risk of thyroid cancer. The other konago sample, caught Monday, had just over the permissible limit for cesium, an element with an uncertain impact on human health. Three different types of cesium were discovered, one of which has a half-life of 30 years.
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The reports of contaminated fish have followed reports of tainted produce including spinach and broccoli, as well as raw milk, in Fukushima prefecture and other areas close to the reactors. The reports of contaminated seafood are potentially more worrisome, because the contaminated seawater, and the fish, move in uncontrollable and untraceable paths.
Apr 22 2011
Celtic, Rangers clash to have 1,000 extra police
Not the droids you’re looking for.
Though I’ve often thought professional basketball could be improved by giving players big sticks and professional hockey by a bigger puck.
Why do you think they call it football? You play it with your feet.
Apr 22 2011
The Garden Party
Crossposted from The Stars Hollow Gazette
I am not a prophet, but sometimes I have prophetic dreams, like the one where I was at a garden party.
Excuse me. Everyone, I have a brief announcement to make. Jesus was black, Ronald Reagan was the Devil, and the government is lying about 9/11. Thank you for your time and good night.
Mmm-hmm! You were havin’ that dream where you made the white people riot, weren’t you?
But I was telling the truth!
How many times have I told you, you better not even dream about tellin’ white folk the truth! You understand me? Shoot! Makin’ White people riot! You better learn how to lie like me! I’m gonna find me a white man and lie to him right now!
McClatchy Points Out Key FBI Failure in Amerithrax Investigation
By: Jim White Thursday April 21, 2011 5:58 am
In an article published Wednesday evening on their website, McClatchy points out yet another failing in the FBI’s Amerithrax investigation of the 2001 anthrax attacks that killed five people. The article focuses on the fact that the FBI was able to get a clear genetic fingerprint of a bacterial contaminant that was found in the attack material mailed to the New York Post and to Tom Brokaw (but not to either Senator Daschle or Senator Leahy). This contaminant, Bacillus subtilis, is used in some cases by weapons laboratories as an anthrax simulant, because its behavior in culture and in drying the spores is very similar to Bacillus anthracis but it is easier to handle because it is not pathogenic. I covered the FBI’s failure to link this B. subtilis contaminant to Ivins in this diary in February of 2010.
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Buried in the McClatchy article is an admission from a source close to the investigation that seems to shed some light on why the FBI continues to insist that Ivins was the sole attacker, even going so far as to concoct an after-the-fact “forensic psychiatric profile” in an effort to bolster their case:
“If they ever had any doubts, once he committed suicide, they had to unite,” this person said. “Otherwise, you’ve driven an innocent man to suicide. And that’s a terrible thing.” Yes, driving a man to suicide is a terrible thing. But is it any less terrible to continue to insist on the guilt of a man who cannot conclusively be proven to have carried out these horrendous attacks ten years ago?
Apr 22 2011
The Great Motivator
Crossposted from The Stars Hollow Gazette
Obama to supporters: I understand your frustration
By JULIE PACE, Associated Press
Thu Apr 21, 6:27 am ET
SAN FRANCISCO – Easing into his 2012 campaign, President Barack Obama is telling his supporters he understands their frustration over the compromises he’s made with Republicans, while preparing them for more to come.
It’s a timely warning given the upcoming vote on raising the debt ceiling and the ongoing debate over long-term deficit reduction, both issues Obama says can only be solved if Republicans and Democrats work together. But further compromises could prove a tough pill to swallow for many of Obama’s liberal backers, who have grown tired of watching the president cede ground to the GOP on spending cuts and tax breaks for the wealthy.
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Obama senior adviser David Plouffe offered a more sobering political forecast to the hundreds of young supporters gathered for the nighttime rally.“This is going to be a close campaign,” Plouffe said. “The one thing we better assume is that it’s going to be closer than the last one.”
No shit Sherlock.
Apr 22 2011
Zing!
Crossposted from The Stars Hollow Gazette
So much goes over Beltway Access Bloggers heads that it’s genuinely hard to determine if they are morons or liars (with moron being the more charitable choice).
I find that a fitting introduction to Greg Sargent’s current piece.
New Washington Post/ABC News polling released this morning is unequivocal: There is strong across the board support for Obama’s policy preferences on the deficit.
And yet, in what appears to be an emerging pattern, that support is not matched by general approval of Obama’s handling of fiscal matters.
The poll finds that 72 percent overall, and 68 percent of independents, support hiking taxes on those over $250,000. Even 54 percent of Republicans support this.
Meanwhile, 65 percent say Medicare should remain as it is today and should not be transformed into a voucher program. Only 34 percent favor changing the program.
A solid majority, 59 percent, also supports a mix of tax hikes and spending cuts to reduce the deficit – the Dem approach – versus only 36 percent who support only cuts.
But only 39 percent approve of Obama’s handling of the deficit, versus 58 percent who disapprove. That’s better, but only marginally so, than the GOP’s 33-64 spread on the same question. And more say the GOP is taking a stronger leadership role than Obama, 45-40. This matches yesterday’s McClatchy poll, which found the same disconnect.
Either voters don’t know what Obama’s proposals are; or they do, but the GOP’s success in creating generalized anxiety about Dem overspending continues to dominate; or perhaps all views of Obama are colored by unease about the economy. Whatever the cause, closing this disconnect – translating support for Obama’s policies into confidence in his economic and fiscal leadership – is perhaps Obama’s central political challenge.
Zing! Obama’s central political challenge is that people know he’s a liar. He should stop lying.
Update: (h/t Think Progress)