While our political class is hoping to aid the urban minorities by proposing zoning law changes to allow more affordable housing in the suburbs, and “woke” school curriculums, another plan is being hatched to further soak urban minorities of the little disposable income they have – sports gambling. This regressive taxation against our poor has been going for decades. Connecticut legalized the lottery in the early 1970s and with clever marketing plans, convinced poor minorities that they actually had a chance of winning enough money to change their lives - even though the odds are infinitesimal. The lottery now brings in $370 million annually to the Connecticut government’s coffers and studies have shown the vast majority of ticket sales occurs in overwhelmingly poor minority neighborhoods - over 50%. There are not a lot of Powerball winners in New Canaan, Darien or Greenwich. But this was even made worse with casino gambling. Governor Weicker made a deal with the … [Read more...]
Bitcoin Challenges the Powers That Be
While the chattering classes are blathering about the racism of Dr. Seuss, the sexual harassment of Pepé Le Pew and the wokeness of Mr. Potato Head, a subterranean herculean battle is brewing over a new financial asset that could give the masses unprecedented power to prevent profligate governments from impoverishing them by printing money ad infinitum – Bitcoin. Bitcoin is a digital cryptocurrency, meaning that it is protected by complex codes rendering it impossible to counterfeit. Its origins are somewhat mysterious but the consensus is that in 2008 a consortium of geniuses with the pseudonym Satoshi Nakamoto decided to create the digital equivalent of gold. But unlike digging in the earth or panning for it in stream, bitcoins are mined from Bitcoin software by ambitious computer geeks solving increasingly complex computer problems and then being rewarded a number of bitcoins. The number of bitcoins that would be released was fixed at 21,000,000 and presently, almost 19,000,000 have been mined. … [Read more...]
President Biden Stops Global Warming
Hah! Take that you climate-deniers! The global warming caused by President Trump has been stopped dead in its tracks. President Biden took bold action, ending the Keystone Pipe Line, reentering the Paris Climate Agreement and banning oil and gas exploration on federal lands and - Voila! – not only is there a record cold wave; but a cold wave that is selectively punishing yahoo climate-denying, fossil-fuel-guzzling states like Texas, Oklahoma and Kansas. It’s not nice to mess with Mother Nature. But how did this happen so quickly? Seeking answers, I decided to contact an expert. Fortunately for me, my old girlfriend from medical school (who wisely dumped me) married renowned climate change expert, Stanford professor, Dr. Enrico Pantheistelli. Since Marcia and I still remain friends, she was kind enough to arrange a Zoom interview with her husband. What follows is a slightly edited transcript of our discussion. Me: “Dr. Pantheistelli. So kind of you to speak to me.” Dr. … [Read more...]
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