Wednesday, June 01, 2005
M3C is now on Hiatus
I don't want to make a ton of excuses and sound too whiny, suffice it to say that I will continue to make plans and changes at my own comfortable, glacial pace. When it's ready, I'll roll out the new blog and make an announcement. Thanks again to all who have read and supported My Three Cents.
Monday, May 16, 2005
I'm Down with the Sunset Commissions
What Fund mentions, but doesn't stress enough, in my view, is how resilient the free-market economy is. In most instances where bases have been closed, local economies adjust and the bases are turned into thriving business parks, airports, and even wildlife sanctuaries. Fund uses the cliche "Turning lemons into lemonade." The lesson is applicable across just about every government function: the private sector can do things far more efficiently than the federal government ever could.
Are you listening, opponents of Social Security reform? How about those who want government to exert more control over our healthcare system?
So Much for 'Innocent Until Proven Guilty'
Sunday, May 15, 2005
Thanks for Paying the Ransom
One of the things I'm [still] doing is contemplating format changes and perhaps even a new URL. I've been thinking of this almost from the beginning, as old-time readers will no doubt recall. I'm no technowiz (and many would argue I'm no blogginwiz either) so it's tough to devote time to both blogging and learning new techie skills. If I spend hours reading news, then I'm not reading about HTML. Not whining here, just stating fact, there's only 24 hours to the day.
I'll be business traveling again this week, but keep checking back for new stuff. Of course, in the absence of fresh M3C commentary, feel free to click the permalinks on my blogroll. Those are real bloggers and excellent sources for news. They will keep you entertained and informed, no doubt. And as always, thanks for stopping by.....
Saturday, May 07, 2005
Where is the Left's Hanson?
Yesterday Harry Reid stepped in it again. Every time he opens his mouth he embarrasses himself. Nothing but negativity and obstructionism from the gentleman senator from Nevada. He's the Senate's Minority Leader too, so that makes it very difficult for the Democrats to distance themselves from such asshattery. After all, they've elevated him to a leadership position. Nancy Pelosi has the same problem, yet neither Pelosi or Reid seem capable of elevating their rhetoric. Their words and deeds ensure that neither will go down in history as one of the country's premier statesmen.
Yesterday, Victor Davis Hanson, with his usual brilliance, delivered more hammer blows to Democratic Party prospects in future elections. Here's a small taste, but do yourselves a favor and read every word of it.
When we see Democrats speaking and living like normal folks expressing worry that the United States must return to basic education and values to ensure its shaky preeminence in a cutthroat world, talking of one multiracial society united by a rare exceptional culture of the West rather than a salad bowl of competing races and tribes, and apprising the world that we are principled abroad in our support of democratic nations and quite dangerous when attacked they will be competitive again.VDH also had a piece in yesterday's Washington Post, entitled "What Happened to History?" Simply put, more brilliance. Sorry to gush like some starstruck groupie, but if the Left had such intelligent thinkers or scholars guiding their party, not only would the Dems fare better in elections, but the country would be far better off.
A side note: compare the increasingly shrill and hateful rhetoric of Harry Reid (or Howard Dean, Al Gore and Barbara Boxer) to Hanson's reasoned intelligence. Victor Hanson, in every interview I have seen or heard, is calm. That's a sign of confidence in one's ideas and suggests that the facts are on your side. Can the Democrats make such a claim?
Anyway, please also read the last link. VDH stresses the importance of teaching history (meaningful historical events, not trivial garbage like "history of the pencil"). I leave with a short excerpt and my sincerest hope that you will read "What Happened to History?" and consider its importance.
Reverence for those who came before us ensures humility about our own limitations. It restores confidence that far worse crises than our own -- slavery, the great flu epidemic, or World War II -- were endured with far less resources.Powerful stuff. Have a wonderful weekend.
By pondering those now dead, we create a certain pact: We, too, will do our part for another generation not yet born to enjoy the same privilege of America, which at such great cost was given to us by others whom we have now all but forgotten.
Thursday, May 05, 2005
Cinco de Mayo Numerology
Today at 5:05:05 am & pm the time will be 05:05:05 05/05/005....
05.05.005 comes only once in 1000 years and coinciding with Thursday (5th Day of the week) comes only once in 7000 yrs...
Shame on Detroit
It saddens me that the big automakers are struggling so much. They should be a benchmark for other industries. With such highly paid workers, they should put out the finest quality cars on the planet. (Anecdotal evidence: My Ford Explorer has had three problems in less than a year, and the Chevy rental car I had last week was a certified piece of sh*t). Ford and G.M. should put out well-engineered and innovative marvels. I'm not a car expert or nut, but it sure seems like the Big 3 are failing miserably in each area. I guess the downgrade by Standard & Poors echoes this claim.
"Profit" Isn't a Four-Letter Word
First and foremost, no company should be forced to pay workers anything other than what the free market dictates. If someone is hired to do a job, they have the freedom to take the job (or not), for the pay that is offered. Companies exist to provide products or services to their customers. No one starts a company with the intent of giving people jobs, and certainly not high pay for low-skilled positions. That just doesn't make good economical sense.
According to Wal-Mart, $9.68 is the average wage for full-time workers. The federal minimum wage is $5.15 an hour. What exactly is the problem? We aren't talking about brain surgeons here. These are cashiers, shelf stockers, and shopping cart, um, "valets." Again, not highly skilled positions.
If Wal-Mart spent $3.50 an hour more for wages and benefits of its full-time employees, that would cost the company about $6.5 billion a year. At less than 3 percent of its sales in the United States, critics say, Wal-Mart could absorb these costs by slightly raising its prices or accepting somewhat lower profits. (Emphasis mine).
So if Wal-Mart raises its prices, would they expect to gain or lose business? And if they accept lower profits, will shareholders be pleased or displeased? If sales stayed the same, this would wipe out 2/3 of Wal-Mart's profit (I guess that's "somewhat" lower). And it isn't a safe assumption to think that sales would remain constant if prices go up, usually the opposite is true.
Isn't it more likely that if Wal-Mart pays its employees 35% more (a very steep increase in their labor factor) it will hire fewer employees to do the same amount of work? So wouldn't fewer workers working be a bad thing? Wal-Mart doesn't operate in a vacuum, they have competition. Wal-Mart's actions will have consequences for their employees and shareholders in the marketplace.So just who exactly is criticizing Wal-Mart for it's low wages? According to the Times' piece, "a coalition of lawmakers (doesn't mention who), community groups, labor unions, women's advocates, and environmental groups." Think any of them are conservative? Doubt it. This quote passes for good reporting at the New York Times (emphasis mine):
Well if you can't live on that wage, go across the street and get a job at Costco. Or Target. Better yet, get yourself a college degree (and take some economics and accounting coursework while you're at it). You are worth what you negotiate.
But Jason Mrkwa, 27, a high school graduate who stocks frozen food at a Wal-Mart in Independence, Kan., maintains that he is underpaid. "I make $8.53, even though every one of my evaluations has been above standard," Mr. Mrkwa (pronounced MARK-wah) said. "You can't really live on this."
Wal-Mart critics often note that corporations like Ford and G.M. led a race to the top, providing high wages and generous benefits that other companies emulated. They ask why Wal-Mart, with some $10 billion in profit on about $288 billion in revenue last year, cannot act similarly.
Burt Flickinger, another retailing consultant, said it would be in Wal-Mart's long-run interest to pay better. "Wal-Mart's turnover will be close to half a million workers this year," he said. "By paying higher wages, Wal-Mart will make its employees happier and will reduce turnover. A lot of its new workers, for instance, don't know where to stock things. Higher wages will mean more productivity per person, and that should help raise profits."
Companies must turn a profit. This simple fact is lost on the Marxist coalitions and most NY Times journalists it seems. If companies aren't profitable, they don't hire many employees. They won't open more stores, and they won't be in business very long. Profits are good. Profits are necessary.
I think we start down a very slippery slope when we start discussing "how much" profit is fair or just. Similarly, I was never comfortable with the notion that certain executives (or sports players) are overpaid. Or that certain corporations (Wal-Mart, Microsoft) are "too large" or "too powerful." I certainly don't want anyone telling me I'm overpaid, so I'm not going to do it to anyone else. Ditto corporations. If a company's profits are obscenely large, then the market has provided an opportunity for some other corporation to come in and do a better job for less money.
The constant harangue of Wal-Mart (or other large, successful corporations) ignores basic economic realities and in my view it is bad for business. And when we create or foster an environment that is bad for business, it is the worker that will be hurt most. The leftist agitators who claim to be for the working man are actually hurting him with their misguided goals.
Idol Reject Corey Clark Back in the News
Could This Be Corey's Dad?
Tuesday, May 03, 2005
Patterico Must Be Loving This
The Times' woes are not unlike those of CBS News (and so many other MSM dinosaurs). Their credibility is shot, no matter how they spin the numbers. Ratings for the networks continue slow, steady declines. Ditto major newspaper circulation numbers. And with a declining audience goes declining influence. I think Patterico is correct, there is a connection between financial success and the reputation for honesty. This applies to all businesses, industries, and individuals. Watching the L.A. Times shriveling is a good life lesson. They've done it to themselves.
I tend not to focus on circulation numbers, because I’m far more concerned with whether a paper is telling the truth than whether it is a market success. If the paper were reporting tremendous circulation and were still distorting the news the way it does today, it would not be a success in my eyes.
Still, I mention it because some people see importance in such matters – and because there is an arguable connection between a media outlet’s reputation for honesty and its financial success. (Also, if I don’t say anything about the circulation numbers, I’ll start getting e-mails and comments from people asking if I’d heard about them.)
Monday, May 02, 2005
M3C BOTW XIII
Larry Probably Wouldn't Take the Pay Cut
Saturday, April 30, 2005
My Magic Wand CBS Fix
H2 has challenged bloggers to come up with ideas that might help fix the CBS Evening News brand/image problem. This is a Herculean task, given the gaping wounds left by Rathergate, the increasingly hostile and biased 60 Minutes, and the lack of a trusted, recognizable anchor. Personally, I haven't watched CBS Evening News in, well, forever. B-O-R-I-N-G.
I agree with others who've said that by the time 6:30 has rolled around, many people have gotten their news from the internet, the 24 hour news channels, and talk radio. So what to offer those that still tune in? We can work with the assumption that in order to attract viewers, CBS will need to offer both flash and substance. Give viewers a reason to tune in. It's a fine line, but keep them just a little off balance. Report the day's news, and throw in some surprises. Have a host that smiles every now and then! I like the idea of doing the show from somewhere other than New York, LA, or Washington. This shouldn't be too difficult, given today's satellite technology. Most important is the idea that CBS needs to work under the assumption that their viewers are smart. Talking down to viewers will insult them and drive them away. A smart broadcast will attract smart viewers.
For a host, I like Larry Kudlow. He is a sharp guy, and will keep things moving quickly. What a difference compared to Rather! Kudlow is center-right, and has no problem disclosing this. He has had many bloggers (including Hugh) on his CNBC gig, and clearly understands the blogosphere (though I think it would signal an immediate departure from the past, I admit CBS would never hire someone who's pro-blogosphere, given the circumstances around Hurricane Dan's exit).
I like the daily panel discussion on FNC's Special Report, so why not copy it? All TV does these days is recycle ideas, so it's not a stretch. I have no problem with a 2 on 2 battle (liberal/conservative) with Kudlow moderating. Let everyone get their ideas out, then let viewers decide. Let's face it, we all have our opinions, so let's toss out the notion that CBS has been "objective." Similarly, toss the notion that all viewers want "objective" news. FNC's success proves this point.
Make the total broadcast an hour long, starting with 20 minutes of the days headlines. Give the panel the middle 20 minutes. End with a 10 minute segment with a blogger du jour, and wrap up with an honest representation of viewer feedback. Above all else, keep things moving. And give people a reason to laugh now and then.
I've outlined my CBS dream above, and I recognize fully that it will never happen. CBS is starting from scratch. They can continue their ratings slide by force feeding their news to liberal blue hairs, or they can embrace the future and start attracting middle America, younger and center-right viewers with a new approach. I hope for the latter, but expect the former.
UPDATE: 05/01/2005 @ 12:00pm: Special thanks to Hugh Hewitt for linking to this post. I appreciate it and welcome all H2's readers!
Vic Hanson is a Genius
Friday, April 29, 2005
Celebrity Sightings, Travel Edition
Muhammed Ali - ORD
LaVar Arrington - IAD
Gray Davis - IAD
Jim Boeheim - CLE
Quiet Riot - DFW
Doc Severinsen - LAX
US Men's National Rugby Team - CDG
New Zealand All Blacks - LAX
Tim Hardaway - MIA
Keri Russell - DFW
Zell Miller - LAS
Pat Buchanan - ORD
Bill MacDonald - LAS
Paul Prudomme - MSY
Eric La Salle - LAX
Nikki Sixx - LAX
This eclectic list is sure to grow, as there's a lot of business travel left on this year's calendar (and I may also remember some that I haven't yet listed)....
Wednesday, April 27, 2005
Back on the Blog
Today was a terrible travel day, with weather delays, mind-numbing TSA stupidity, and abject rudeness from my fellow travelers. I normally avoid Boston's Logan Airport if at all possible, and today's experience provides me with no desire to go back. Long story short: As I was in the security line, 5 people decided they were too important to wait like the rest of us, so they cut the line. Minor annoyance, so I focused my chi and resumed the requisite "X-ray crawl." I approached the line's end, and was instructed to put a cup of coffee (Starbucks, paper cup) in the x-ray machine. Then I was told to take off my sneakers, which ticked me off a little since not all airports require this, and TSA is supposed to be consistent on their procedures. More chi. More focus.
So the cup went into the scanner and a puddle of steamy java came out. Then two other TSA guys started yelling at me before I pointed them to one of their own colleagues. He tried to blame me at first, then after I stood up for myself (and the truth), he admitted that he had told me to put the coffee on the conveyer belt. The other TSA chowderheads then started (rightfully) yelling at him, because that line had to be shut down for conveyer belt cleaning and they were all worried that coffee might get into the x-ray equipment. It was a big mess. There were probably between 100-200 people who were in line behind me, now stranded. So I go to my beloved Red Carpet Club, hoping to get online with their wireless HotSpot, only to find that at that location, the airport's pay-as-you-go network is the only one available. Ugh, only at Logan! I didn't feel like spending another $8, another minor annoyance. Not a fun day.
Tonight I arrived to my hotel just in time for this week's surprising American Idol results. Somehow, some way, Scott and Anthony both avoided the axe once again. I'm considering a reassignment of the "Undead Radioactive Singing Cockroach" moniker to one of those two clowns. Constantine, in a shocker, went down like a chump. Though I was never a big fan of his, Constantine's performance last night was truly wretched. I believe that Scott and Anthony both have less talent, but oh well, the tribe has spoken. With five to go, my prediction for the final will be Carrie and Vonzell, in that order. Bo finishes third. Take it to the bank.
Sunday, April 24, 2005
I'm going with the bocce lesson. Shane and Bryce must learn. Sorry, but that was just so much fun.
M3C BOTW XII
I continue to marvel at the outright disregard for honesty that the MSM demonstrates. It's so transparent and I have to admit chuckling every time I hear a bright-eyed journalism major proudly exclaim their reasons for going into the profession: "To change the world" or "To make a difference."
Just. Report. The. Damn. News. Please. That's what a real journalist does.
I expect very light blogging this week (as if the past few days were just the opposite). Keep checking back, I've got my camera with me so I hope to get some good pictures of springtime in New England. I remembered to bring the USB cable too (finally!).