Tuesday, December 22, 2009
Obama Snubbed?
Friday, November 27, 2009
And so it goes....
Friday, September 11, 2009
South Carolinian Civility
Tuesday, September 8, 2009
Bringing Sanity to the Health Care Wars
"A wasteful insurance system; distorted incentives; a bias toward treatment; moral hazard; hidden costs and a lack of transparency; curbed competition; service to the wrong customer. These are the problems at the foundation of our health-care system, resulting in a slow rot and requiring more and more money just to keep the system from collapsing."
This strategy consists of four interrelated pillars. First, as a foundation for improving value, all stakeholders in the system need better information and tools to be more effective. Second, provider payments should be redirected toward rewarding improvements in quality and reductions in cost growth, providing support for health care delivery reforms that save money while emphasizing disease prevention and better coordination of care. Third, health insurance markets should be reformed and government subsidies restructured to create competition and improve incentives around value improvement rather than risk selection. This step requires near-universal participation in insurance markets to succeed. Finally, individual patients should be given greater support for improving their health and lowering overall health care costs, including incentives for achieving measurable health goals.
It will be interesting to see what the President's prescription is. Has he allowed the dysfunctional legislative train to get too far down the track? There's no question in my mind that he and his people understand the perverse incentives emmbedded in the current system. Does he have the courage to put on the brakes and stake out a new direction? We'll see.
Saturday, June 27, 2009
SPDRs and Jack Russells
Saturday, June 13, 2009
Chaos in Teheran
Monday, March 30, 2009
PIMCO's Common Sense
To be sure, the ECB (European Central Bank) has difficulty with the concept of QE [quantitative easing], in part because Euroland represents monetary union without political union and, thus, fiscal policy union. Put differently, if the ECB wants to be accommodative of more Keynesian fiscal policy stimulus, de facto monetizing it, what fiscal authority does the ECB call to cut the deal?I thought this was great stuff. I have been a recent convert to reading Bill Gross, but I think I will start following Paul McCulley as well. We're all Keynesians now!
Sunday, March 29, 2009
Anne Boleyn
The ghost of Ann Boleyn walks, they declare.
Poor Ann Boleyn was once King Henry's wife -
Until he made the Headsman bob her hair!
Ah yes! he did her wrong long years ago,
And she comes up at night to tell him so.
With her head tucked underneath her arm
She walks the Bloody Tower!
With her head tucked underneath her arm
At the Midnight hour -
She comes to haunt King Henry, she means giving him 'what for',
Gad Zooks, she's going to tell him off for having spilt her gore.
And just in case the Headsman wants to give her an encore
She has her head tucked underneath her arm!
With her head tucked underneath her arm
She walks the Bloody Tower!
With her head tucked underneath her arm
At the Midnight hour.
Along the draughty corridors for miles and miles she goes,
She often catches cold, poor thing, it's cold there when it blows,
And it's awfully awkward for the Queen to have to blow her nose
With her head tucked underneath her arm!
Sometimes gay King Henry gives a spread
For all his pals and gals - a ghostly crew.
The headsman carves the joint and cuts the bread,
Then in comes Ann Boleyn to 'queer' the 'do';
She holds her head up with a wild war whoop,
And Henry cries 'Don't drop it in the soup!'
With her head tucked underneath her arm
She walks the Bloody Tower!
With her head tucked underneath her arm
At the Midnight hour.
The sentries think that it's a football that she carries in,
And when they've had a few they shout 'Is Ars'nal going to win?'
They think it's Alec James, instead of poor old Ann Boleyn
With her head tucked underneath her arm!
With her head tucked underneath her arm
She walks the Bloody Tower!
With her head tucked underneath her arm
At the Midnight hour.
One night she caught King Henry, he was in the Canteen Bar.
Said he 'Are you Jane Seymour, Ann Boleyn or Cath'rine Parr?
For how the sweet san fairy ann do I know who you are
With your head tucked underneath your arm!'
Tuesday, March 3, 2009
Moderates Unite (cont'd)
Moderates Unite
Tuesday, February 24, 2009
The Fox and the Hedgehog
Friday, February 13, 2009
The Second Coming
THE SECOND COMING
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of Spiritus Mundi
Troubles my sight: a waste of desert sand;
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Wind shadows of the indignant desert birds.
The darkness drops again but now I know
That twenty centuries of stony sleep
Were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?
Tuesday, January 27, 2009
The New Old Science
Saturday, January 24, 2009
Rev. Lowery's Benediction
God of our weary years, God of our silent tears, thou, who has brought us thus far along the way, thou, who has by thy might led us into the light, keep us forever in the path we pray, lest our feet stray from the places, our God, where we met thee, lest our hearts drunk with the wine of the world, we forget thee.
Shadowed beneath thy hand, may we forever stand true to thee, oh God, and true to our native land.
We truly give thanks for the glorious experience we've shared this day.
We pray now, oh Lord, for your blessing upon thy servant Barack Obama, the 44th president of these United States, his family and his administration.
He has come to this high office at a low moment in the national, and indeed the global, fiscal climate. But because we know you got the whole world in your hands, we pray for not only our nation, but for the community of nations.
Our faith does not shrink though pressed by the flood of mortal ills.
For we know that, Lord, you are able and you're willing to work through faithful leadership to restore stability, mend our brokenness, heal our wounds, and deliver us from the exploitation of the poor, of the least of these, and from favoritism toward the rich, the elite of these.
We thank you for the empowering of thy servant, our 44th president, to inspire our nation to believe that yes we can work together to achieve a more perfect union.
And while we have sown the seeds of greed — the wind of greed and corruption, and even as we reap the whirlwind of social and economic disruption, we seek forgiveness and we come in a spirit of unity and solidarity to commit our support to our president by our willingness to make sacrifices, to respect your creation, to turn to each other and not on each other.
And now, Lord, in the complex arena of human relations, help us to make choices on the side of love, not hate; on the side of inclusion, not exclusion; tolerance, not intolerance.
And as we leave this mountain top, help us to hold on to the spirit of fellowship and the oneness of our family. Let us take that power back to our homes, our workplaces, our churches, our temples, our mosques, or wherever we seek your will.
Bless President Barack, First Lady Michelle. Look over our little angelic Sasha and Malia.
We go now to walk together as children, pledging that we won't get weary in the difficult days ahead. We know you will not leave us alone.
With your hands of power and your heart of love, help us then, now, Lord, to work for that day when nations shall not lift up sword against nation, when tanks will be beaten into tractors, when every man and every woman shall sit under his or her own vine and fig tree and none shall be afraid, when justice will roll down like waters and righteousness as a mighty stream.
Lord, in the memory of all the saints who from their labors rest, and in the joy of a new beginning, we ask you to help us work for that day when black will not be asked to get in back, when brown can stick around ... when yellow will be mellow ... when the red man can get ahead, man; and when white will embrace what is right. That all those who do justice and love mercy say Amen.
The opening lines of Rev. Lowery's benediction come from the hymn, now a Gospel standard, "Lift Every Voice and Sing":
Lift every voice and sing, till earth and heaven ring,
Ring with the harmonies of liberty;
Let our rejoicing rise high as the listening skies,
Let it resound loud as the rolling sea.
Sing a song full of the faith that the dark past has taught us;
Sing a song full of the hope that the present has brought us;
Facing the rising sun of our new day begun,
Let us march on till victory is won.
Stony the road we trod, bitter the chastening rod, Felt in the days when hope unborn had died; Yet with a steady beat, have not our weary feet Come to the place for which our fathers sighed? We have come over a way that with tears has been watered; We have come, treading our path thru the blood of the slaughtered, Out from the gloomy past, till now we stand at last Where the white gleam of our bright star is cast.
God of our weary years, God of our silent tears, Thou who has brought us thus far on the way; Thou who hast by thy might led us into the light, Keep us forever in the path, we pray. Lest our feet stray from the places, our God, where we meet thee; Lest our hearts drunk with the wine of the world, we forget thee; Shadowed beneath thy hand, may we forever stand, True to our God, true to our native land.
Words: James Weldon Johnson (1871-1938)
Music: J. Rosamond Johnson (1873-1954)
You can hear it here, rendered by Chip Days.
But the best part is Rev. Lowery's peroration, an inspired take-off on Big Bill Broonzy's blues song "Black, Brown & White."
Friday, January 23, 2009
Cromwell Dissolves the Long Parliament
It is high time for me to put an end to your sitting in this place, which you have dishonored by your contempt of all virtue, and defiled by your practice of every vice; ye are a factious crew, and enemies to all good government; ye are a pack of mercenary wretches, and would like Esau sell your country for a mess of pottage, and like Judas betray your God for a few pieces of money.
Is there a single virtue now remaining amongst you? Is there one vice you do not possess? Ye have no more religion than my horse; gold is your God; which of you have not barter'd your conscience for bribes? Is there a man amongst you that has the least care for the good of the Commonwealth?
Ye sordid prostitutes have you not defil'd this sacred place, and turn'd the Lord's temple into a den of thieves, by your immoral principles and wicked practices? Ye are grown intolerably odious to the whole nation; you were deputed here by the people to get grievances redress'd, are yourselves gone! So! Take away that shining bauble there, and lock up the doors.
In the name of God, go!
In any event, Tuesday was a wonderful day not only for supporters of President Obama (i.e., 80% of the American People) but also for those of us (probably the same 80%) overwhelmingly gratified to see the back of GWB and his cronies.
Saturday, January 17, 2009
Farewell to GWB
Farewell! a long farewell, to all my greatness!
This is the state of man: to-day he puts forth
The tender leaves of hopes; to-morrow blossoms,
And bears his blushing honours thick upon him;
The third day comes a frost, a killing frost,
And when he thinks, good easy man, full surely
His greatness is a-ripening, nips his root,
And then he falls, as I do. I have ventured,
Like little wanton boys that swim on bladders,
This many summers in a sea of glory,
But far beyond my depth: my high-blown pride
At length broke under me and now has left me,
Weary and old with service, to the mercy
Of a rude stream, that must forever hide me.
Vain pomp and glory of this world, I hate ye:
I feel my heart new opened. O, how wretched
Is that poor man that hangs on princes’ favours!
There is betwixt that smile we would aspire to,
That sweet aspect of princes, and their ruin,
More pangs and fears than wars or women have:
And when he falls, he falls like Lucifer,
Never to hope again.