janeiro 2025

California's Fire Catastrophe Is Largely a Result of Bad Government Policies

California’s Fire Catastrophe Is Largely a Result of Bad Government Policies

⋅

In the weeks, months, and years to come, there will be plenty of blame to share for the lapses that let the California wildfires of 2025 get so out of hand, costing lives and tens of billions of dollars. The fact that I wrote “of 2025” to distinguish these fires from other outbreaks should make it clear that these fires are anything but unprecedented, meaning that they should have been anticipated and their causes addressed. That they weren’t […]

Ver mais

Liked Liked
Some Links

Some Links

⋅

Tweet Wall Street Journal columnist Allysia Finley writes that “Gavin Newsom promised to ‘Trump-proof’ the Golden State. If only he’d fireproofed it instead.” Here’s more: Start with its environmental obsessions. The Los Angeles Department of Water and Power in 2019 sought to widen a fire-access road and replace old wooden utility poles in the Topanga Canyon abutting the Palisades with steel ones to make power lines fire- and wind-resistant. In the process, crews removed an estimated 182 Braunton’s […]

Ver mais

Liked Liked
10 Monday AM Reads

10 Monday AM Reads

⋅

My back-to-work morning train WFH reads: • Stocks Are More Expensive Than They Used to Be: Companies are better today and deserve the premium multiple. But its reasonable to “Expect lower returns.” (Irrelevant Investor) • How Analyst Job Cuts on Wall Street Are Reshaping Equity Research: Forces like regulation, passive investing and AI have all conspired to squeeze equity research in ways few could have imagined. Countless “sell-side” analysts have had to reinvent themselves as a result. (Bloomberg) • […]

Ver mais

Liked Liked
Despite 2024 Setbacks, Drug Policy Is Still on a Long-Term Trend Toward Reform

Despite 2024 Setbacks, Drug Policy Is Still on a Long-Term Trend Toward Reform

⋅

In 2016, 2018, 2020, and 2022, voters approved a raft of drug policy reforms. They included legalization of recreational marijuana in 11 states, authorization of medical use in eight, decriminalization of low-level drug possession in Oregon, approval of “psilocybin service centers” in the same state, and decriminalization of five naturally occurring psychedelics in Colorado. The 2024 election results were a 
different story. Legalization of recreational marijuana lost in Florida, North Dakota, and South Dakota. Nebraska voters overwhelmingly approved medical marijuana, but a pending legal challenge may prevent implementation of […]

Ver mais

Liked Liked
I am sick of people do not understand what anti-gouging laws are

I am sick of people do not understand what anti-gouging laws are

⋅

Anti-gouging laws prevent the sudden increase in the price of goods due to unforeseen events, like disease or disasters. It does not control the sale value of goods at all. So in an anti-gouging law set at 10%, you can sell your water bottle for whatever price you want as long as you increase your price no more than 10% compared to the price 30 days before something disastrous hits. So you still get your normal profit plus […]

Ver mais

Liked Liked

Load More

↑

Digitado © 2025