Blended Winglets prove the Superiority of Free Market Capitalism over a Managed Economy

Posted by PITHOCRATES - March 15th, 2014

Week in Review

Too many people still feel that government knows better than market forces.  As if the lessons of the Soviet Union, Eastern Europe, the People’s Republic of China, North Korea, Cuba, the Obama administration, etc., have never been learned.  A managed economy produces inferior results compared to one left to free market capitalism.  Even in achieving the goal of an activist, interventionist government (see Airlines embrace winglets as fashionable fuel savers by Gregory Karp, Chicago Tribune, posted 3/10/2014 on The Seattle Times).

Boeing calls the odd-looking, upturned wingtips on aircraft “blended winglets.” Airbus calls them “sharklets.” And Southwest Airlines, in ads, simply calls them “little doohickeys.”

Whatever the name, these wingtip extensions have become prevalent in aviation, saving airlines billions of dollars in fuel costs…

While winglets could cost $1 million or more per aircraft to install and add several hundred pounds to a plane, they pay for themselves in a few years through fuel savings — about 4 percent savings for the blended winglet and an additional 2 percent savings for the split scimitar…

United expects the new and older wingtip designs on its 737, 757 and 767 fleets to annually save it 65 million gallons of fuel, $200 million worth, and the equivalent of 645,000 metric tons of carbon-dioxide emissions.

That’s not government doing this.  This is the free market.  A design comes along that offers to save airlines money by reducing fuel consumption and the airlines spend money to add it to their fleets.  Thus reducing 645,000 metric tons of carbon-dioxide emissions.  And they do this voluntarily.  This is how free market capitalism works.

Fuel is the greatest cost of airlines.  So there is an incentive for airlines to spend money to reduce fuel consumption.  This one-time investment will reduce fuel consumption in the years to follow.  Making it a very good investment.  Because it is they spend their own money to make this investment.  Unlike solar and wind power.  These are very poor investments.  For the only way anyone builds solar arrays and wind farms is with taxpayer subsidies.  Because the return on investment is so poor they will not spend their own money to build these things.

Good things happen with free market capitalism.  While bad things happen (the Solyndra bankruptcy, for example) when the government interferes with free market capitalism.  Which is why the government should not interfere in the market place.  As blended winglets demonstrate.  Which have reduced far more carbon-dioxide emissions than Solyndra ever did.

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Real Scientists don’t take a Vote to Settle Science

Posted by PITHOCRATES - March 15th, 2014

Week in Review

What is science?  Do scientists gather and vote on theories?  And do those theories become settled science?  Or is it something more like this (see Japanese Institute Weighs Retracting Stem-Cell Studies by Alexander Martin and Gautam Naik posted 3/10/2014 on The Wall Street Journal)?

The co-author, Teruhiko Wakayama of Yamanashi University in Japan, called Monday for the retraction of the findings, published in late January in a pair of papers in the journal Nature.

The papers drew international attention because they held out a safer, easier and more ethical technique for creating master stem cells. These cells, which can be turned into all other body tissues, promise one day to transform the treatment of various ailments, from heart disease to Alzheimer’s.

But shortly after the papers appeared, Japan’s Riken Center for Developmental Biology, where the work took place, began to investigate alleged irregularities in images used in the papers. Separately, many labs said they couldn’t replicate the results…

Like several other researchers, Dr. Wakayama said he hasn’t yet been able to reproduce the results. “There is no value in it if the technique cannot be replicated,” he said.

Science is more like this.  It’s aggressive and relentless.  Scientists work hard to replicate previous results.  And they work hard to disprove past theories.  The key to science, then, is never accepting anything as settled.  No.  Everything is questioned.  Forever.  That’s real science.  Unlike climate science.  Where people apparently use voting in lieu of vigorous experimentation to replicate results or disprove past theories.  So anyone stating that manmade global warming is settled science is not a scientist.  Or a truthful person.

All the people who claim manmade global warming is settled science are either people who want to greatly expand the power of government over the economy.  Or they are just grossly ignorant.  These ignorant people, of course, help those who want to greatly expand the power of government over the economy.  Which is why we should not listen to politicians when it comes to science.  Or ignoramuses.  For once upon a time the polar icecaps weren’t frozen.  And at another time glaciers reached down from the poles towards the equator.  Long before man ever put any carbon into the atmosphere.  Climate changes.  And it has changed a lot more drastically before man appeared on the scene.  So anyone claiming man is causing this is either a liar.  Or an ignoramus.

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Turning People into Potheads is Good for Colorado’s Treasury

Posted by PITHOCRATES - March 15th, 2014

Week in Review

First it was alcohol and tobacco.  Getting people hooked on these items to solve all of a state’s funding woes.  Then it was the lottery.  States needed to get their people hooked on gambling to solve all of their school funding needs.  Then it was casino gambling.  Because the lottery alone was taking enough money from the people to solve all of a state’s funding woes.  And now it’s marijuana (see Colorado made $3.5 million in taxes and fees on first month of marijuana sales by Nick Allen posted 3/11/2014 on The Telegraph).

Colorado, the first US state to legalise cannabis for recreational use, made just over $2 million in tax revenue from selling the drug in January, according to its first officially released figures.

The amount was not far behind the $2.7 million the state recouped in excise taxes on alcohol in the same period and is expected to exceed that in subsequent months.

More than $14 million worth of the dug was sold over counters to recreational users in the 30 days after cannabis shops opened on Jan 1…

In Colorado the first $40 million in tax revenue will go towards school construction and Mr Hickenlooper wants additional revenue to be used for projects including anti-drug advertising aimed at children, campaigns against driving under the influence of cannabis, and public health projects.

Another $2 million taken away from the taxpayers.  To add to the $2.7 million from alcohol sales.  On top of what they got from tobacco sales.  And what they got from the lottery.  Each step down this road was supposed to be a cure-all.  But it never was.  For once they got a new tax it wasn’t long before they said they needed yet another new tax.  Because the previous tax just wasn’t adequate to cover their spending.  Which just begs the question.  What are they doing with all of that money?

So we have people dying from lung cancer.  We have people dying from liver disease.  We have people becoming impoverished because they’ve gambled all of their money away.  Now Colorado is going to turn a part of their population into potheads.  Who will suffer the same ailments as tobacco smokers do.  As well as suffering some lost cognitive ability.  And some will end up wards of the state.  Filling hospitals and nursing homes.  Suffering from costly diseases. And yet the state cheers this new money.  And dreams of future revenue as more people pick up this unhealthy and dangerous habit.  Giddy at the thought of every new person lighting a marijuana cigarette for the first time.

The worst thing about the state using these people to fund their out of control spending is the regressive nature of these taxes.  Alcohol, tobacco, the lottery, casino gambling and marijuana hurt the poor the most.  Those who have the least money to spare now have to give more of it to the taxing authority.  The very people these progressive-thinking people are supposed to help.  Who instead use them for their selfish needs.  And don’t care a whit about the lives they destroy.

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Liberals tend to get Worthless College Degrees that require little Math or Science

Posted by PITHOCRATES - March 15th, 2014

Week in Review

There’s a lot of talk about income inequality these days.  As President Obama wants to raise the federal minimum wage to $10.10 per hour.  Which would raise the earnings from an entry-level, unskilled job to just about what some college graduates earn after taking out huge student loans.  For those college graduates who can find a job, that is.  For it’s pretty bad out there.  Especially for some college majors.  Here are some worthless degrees based on starting salaries and current unemployment rates for these fields (see College Majors That Won’t Land You a Job posted on ChaCha).

Fine Arts

Whoever coined the phrase starving artist must have majored in Fine Arts. Recent graduates of the degree face an unemployment rate of 12.6% and low salaries of around $30,000 when they finally do find a job. Doesn’t sound very fine to me!

Drama and Theater

People who major in Drama and/or Theater generally have dreams of being an actor and that is notoriously hard to do. Recent grads will face an unemployment rate of 8.8% and paltry salaries of $26,000 if they actually do land a bit part in anything. In reality, many people majoring in theater never end up becoming actors of any sort at all and instead find themselves in completely unrelated careers, having wasted a lot of money on college.

English

Those who major in English tend to want to do one of two things, teach or write. Unfortunately this still ends up with about 9.2% of recent grads struggling to find any kind of job. Salaries in this career tend to always be lower than the national average, even if you finally manage to get yourself established with a job for a while.

Anthropology and Archaeology

Do you fancy yourself the next Indiana Jones? Or digging up dinosaur bones like on Jurassic Park? Well, as fun as that might sound, the reality of the situation is that over 10% of graduates can’t find jobs digging anything up and those that do don’t get paid very well, less than $30,000 a year. If you want to increase your chances of getting a job and getting paid better, you’ll probably have to count on getting a graduate degree.

Liberal Arts

Who even knows what a Liberal Arts degree is? Certainly not most employers, probably leading to a 9.2% unemployment rate and an almost 2 times greater than the national average likelihood of working in retail instead of your chosen career. Most people who do end up sucessful in this major, 3 out of 4, go to graduate school as well as a 4 year school, so keep that in mind if you still want to pick it as a degree.

Journalism

With more and more of our news coming from online sources, the need for journalists is actually dropping. About 6 percent of journalism jobs are expected to be cut from the work force by 2020. Currently they already face a fairly higher than average unemployment rate of 7.7 percent.

Notice a pattern?  These are not difficult majors.  You won’t be doing much calculus or quantum mechanics in these majors.  No.  These degrees don’t include much math and science.  But they allow a student to really enjoy his or her time at college.  As the lighter workload allows more time for fun.  It’s sad that colleges sell kids these worthless degrees.  Promising them a higher earning potential with their higher education.  But the colleges really don’t care.  They just want these kids to get student loans.  Because colleges just want the money.

Some of the most vocal opponents of free market capitalism have been college students.  Especially those with degrees in programs like these.  They’re angry and bitter and are more than willing to join in an Occupy Wall Street movement (it’s not like they have a job to go to thanks to their worthless degrees).  To protest against income inequality.  Especially when their worthless degrees have given them very little income.  And large amounts of debt.  But whose fault is this?  One thing for sure it isn’t the taxpayers.  Which is why the taxpayers shouldn’t pay for this outstanding student loan debt.

If the universities and colleges are providing worthless degrees perhaps they should refund that tuition.  At the least they should stop attacking free market capitalism and turning their students into Democrat voters.  For if we had robust economic activity created from low tax rates and less onerous regulation there would be so many jobs that businesses would be hiring even those with worthless degrees.  And the median family income would be rising, not falling.  As it has been during the Obama years.  Because when there are more jobs than people to fill them employers bid up salaries and wages.  As they try to get people to work for them instead of someplace else.  Something else they don’t teach in these worthless degrees.

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There would be no Green Energy Industry if there were no Green Energy Subsidies

Posted by PITHOCRATES - March 15th, 2014

Week in Review

Green energy investments are a horrible investment.  The only reason why anyone is building green energy projects is because of taxpayer subsidies.  If you take away the subsidies the green energy industry is just going to stop building these bad energy projects.  Which is what’s happening now (see Here Are The 10 Best States For Clean Energy Jobs In 2013 by Aaron Tilley posted 3/12/2014 on Forbes).

Clean energy investments had it rough in 2013, and US job growth in that sector is having a bit of trouble too.

That’s at least according to evidence in a new report out today from Environmental Entrepreneurs (E2),an environmental advocacy organization for businesses. While the clean energy industry made plans to add an additional 78,000 new jobs at 260 projects in 2013, that’s a 30% dip from the 110,000 job announcements in the previous year. (E2 has only been tracking clean energy job growth for the past two years…)

The biggest reason for the 30% drop in job growth over last year is due to ongoing regulatory uncertainty around federal tax credits and state renewable energy mandates, says E2 communications director Bob Keefe. Congress let the generous tax credits the wind energy industry had enjoyed for more than two decades expire in December–and it looks unlikely they’ll be reinstated in 2014. And four major energy efficiency tax credits and initiatives expired at the end of last year too. On top of that, several states, including North Carolina and Kansas, have attempted to roll back mandates on renewable energy requirements for their utility grids.

If anyone bemoans a cut in government spending in some government program don’t blame the Republicans.  Blame the Democrats.  And their green energy cronies.  The Democrats are taking money away from other programs to pay for these white elephants just so they and their crony friends can get rich.

These projects cost a fortune to build.  And the return on investment just isn’t there.  Which is why it takes hundreds of millions in taxpayer subsidies to build them.  That’s a lot of money to spend when these projects accomplish nothing. They don’t allow us to shut down one coal-fired power plant.  Because we’ll need those coal-fired power plants to provide electric power when the sun doesn’t shine and when the wind doesn’t blow.  And they take up so much real estate that they’re displacing wildlife from their natural habitat.  While wind farms are hacking American Bald Eagles and other birds to death.  So they’re not helping the environment.

And they’re not improving the reliability of our electric power.  Or lowering the cost.  Every time they shut down a coal-fired power plant they increase our electric bills.  And increase the brownouts and blackouts we have to endure when we have to rely on less reliable power that costs more (we have to pay more for our electric power to pay for those subsidies) than the more reliable power.  This is our government when Democrats are in power.  And just imagine how they will run our health care.  Who do you think they’ll make rich?  And how much will they increase our health care costs?  While giving us an inferior health care system?  It’s going to happen.  Because that’s what happens when Democrats are in power.

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