Monthly Archives: December 2011
Perhaps it is time to subject investment bankers and derivatives traders to routine random drug tests. It’s widely believed that many of them use cocaine (although meth use may be rising), and I read that drug use on Wall Street is a real problem, although of course it has also beem rampant for a long time. The health of the economy is too important to be left in the hands of potentially drug-addled brains.
After all if it’s necessary to drug test welfare applicants and unemployed people seeking job training (who have the same 2% positive rate as found on Wall St) and high school football players, it is all the more important to drug test the masters of finance given the enormous effect that their work has on others.
Or, perhaps, we should agree to only drug test people armed with weapons or holding security clearances?
I pick on the Miami Herald a fair bit, although not as much as it deserves given how far it has fallen from its glory days. But I guess that means I should also toss the occasional laurel.
Today’s paper has as its major above-the-fold story an item about how Miami leads the nation in ‘vanity’ — a trait measured in a not-very-serious-manner as follows:
Miami recently ranked as the most vain city in America, based on residents’ responses to a poll conducted by Mandala Research and released by LivingSocial.
The survey found that half of Miami respondents consider themselves an 8, 9 or 10 in looks.
Miami also topped the nation in such procedures as laser hair removal, tummy tucks, liposuction and collagen injections, according to the poll, based on the perhaps-unscientific percentage of respondents who know someone who had the work done.
You might think I would object to such pseudo-science dominating my front page. But in fact, the headline was perfect: “We’re so vain: We probably think this story is about us”. Not what I want to see every day in my paper, but it made me smile. And I imagine it will be talked about. Which actually makes it better than a lot of the dull stuff in that paper.
That said, I might mention two other somewhat bright spots: The Local section has degraded much less than front. There’s still real news there, just not enough of it. And as the news staff of the Herald shrinks, it is running more content from Bloomberg and from the political reporters at its partner newspapers in the state, some of whom are quite good.
As to the looks, I will say that it is often a shock to go back to the North East, especially in winter. Everyone is so pale and unhealthy-looking…
A conservative estimate of the cost in dollars alone to the US of the Iraq war (ie not counting lives, pain, political or strategic or opportunity costs) is $800 billion to date. That’s the amount appropriated by Congress. It doesn’t count the so-called ‘black budget’ and it doesn’t attempt to count the foreseeable future costs– taking care of our wounded, for example.
The population of Iraq is about 32,000,000. So that means the war cost us about $25,000 per Iraqi.
I think my suggestion back in 2003 that instead of staying in Iraq we just give every Iraqi $3000 per year for the next year or two is looking awfully good in retrospect.
Note that Iraq GDP per capita in 2010 was $3,800 under a purchasing-power-parity measure, but valued at the official exchange rate was only $2,567. So basically for what we spent on Iraq since 2003, we could have given every Iraqi the equivalent of their share of GDP every year until now, and it would have cost about the same as what we spent. And there wouldn’t be the killed and wounded.
Perhaps buying countries is actually cheaper then invading them. Note, however, that the money would have to actually go to the people, not to the government or the military or the exercise would be fairly pointless (see, e.g., Egypt, Pakistan).