Peabody Coal Company argues that coal is “green coal” and “clean coal”

A few months ago one of my neighbors, a proudly conservative man, saw me carrying a package of high-efficiency light bulbs into my house. He gave me a disappointed look loudly said: “Buy some real light bulbs, Erich.” This neighbor has repeatedly made it known that that liberal concerns and proposals regarding energy are unnecessary because there is plenty of oil and coal, and we should make it our national priority to keep digging and burning these resources. I know that my Republican neighbor is not the only “conservative” in the U.S. willing to scoff at conservation. I previously argued that this anti-energy-efficiency climate–science-denial attitude like my neighbor’s outlook has become a badge of group membership among conservatives. It has become a salient display that one believes, above all, in the alleged power and wisdom of the “Free Market,” an unsubstantiated leap of faith so incredibly bold that I once termed it the Fourth Person of the Holy Trinity (and see here and here). These free-market fundamentalists are contemptuous at well-informed suggestions for using energy resources more efficiently and for reducing our reliance on dirty and dangerous fossil fuels. Many of them consider national policy aimed at energy conservation to be totally unnecessary and ridiculously expensive. Proposals that we should be smarter consumers of energy annoy and anger them and they offer no evidence-based alternatives for peak oil (and see here and here and here ). They refuse to consider the damage being done to our environment, our health and our budget (especially our military budget) as a result of our reliance on fossil fuels . My neighbor displays a startling lack of curiosity regarding the ramifications for continuing to attempt to drill and dig our way to energy independence. This same attitude is found in many conservative politicians, the most prominent being Sarah Palin. Based on an extraordinary video of a recent debate at Washington University in Saint Louis, this same attitude is also embraced by of the executives at the largest private coal company in the United States, Peabody Coal Company.

Continue ReadingPeabody Coal Company argues that coal is “green coal” and “clean coal”

How you own the Red Roof Inn and why we need to audit the Federal Reserve

Representative Alan Grayson explains how it is that the American public now owns the Red Roof Inn and why we desperately need to audit the Federal Reserve. These are closely related questions, as Grayson dramatically details. The Federal Reserve Bank needs to be audited because it excels at magically "make money out of nothing," just by making notations on its books. We have no way of knowing how it is that the Federal Reserve assumed liability for other large chains of hotels too. The Fed has also put up half a trillion dollars in mortgage-backed securities. Therefore, we, the People, are "owners" of massive amounts of real estate, which means that the Fed owns our homes when the mortgages go bad. This is "stealth" socialism, says Grayson, because we don't audit the Federal Reserve. Grayson, a progressive, is thus calling on conservatives to join in the call to audit the Fed "before it all comes crashing down on us." Every time the Fed creates money out of thin air, "they're taking that dollar that's in your pocket and they're making it cheaper--worth less."

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People Are Idiots. A Cynical Observation

The video below from TED is chilling in many ways. Michael Specter touches on observations about the resistance people have toward anything that seems to threaten their hobbit-hole view of the world. A little of this, as he rightly points out, is fine, even agreeable, but when it burgeons into matters that threaten lives and seek to derail all that has made this present era as wonderful as it is---and it must be stressed, in the face of overwhelming negative press, that we are living in a magnificent period of history---then it loses whatever quaint appeal it might otherwise have. We respect the Amish, but they don't tell the rest of us how to live and try their level best to be apart from the world they disapprove. When you see people filing lawsuits with the intent to halt necessary, beneficial progress because they have bought into some bogeyman horror movie view of science or politics or morality, it behooves us to come to terms with a fundamental reality with which we live today. First, though, the video. Watch this, then read on. Okay, what reality? That many people are just idiots. I cannot think of a more tasteful way to phrase it. But when you consider the list, justifications and rationalizations fade. The Tea Party. The Anti-vaccine Movement. The Birthers. Young Earth Creationists. Medjugorje. Deepak Chopra. PETA. Free Market Capitalism. Global Warming Deniers. Holocaust Deniers. Abstinence-Only. Just Say No. The Shroud of Turin. Astrology. Texas Board of Education. Evolution Deniers. Frankenfood Protesters. Homeopaths. Herbalists. Psychics. Scientology. I could go on. [more . . . ]

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Temple of Disinformation

In America's heartland there is a modern temple to the denial of five nines (99.999%) of what we've learned about the universe in the last couple of centuries. The Creation Museum is a sleek, elegant, well presented indoor theme park almost entirely lacking in actual knowledge. It is derided worldwide, and is a source of shame for our once forward thinking nation. It is also, I grant, an edifice to the principle of free speech. The ham, showman and charlatan who created this institution in Kentucky after he was laughed out of his Australian homeland seems to be quite sincere about the project. Ken Ham is actually his name. And he has been raking in major profits for nearly three years from this place, well beyond even his early hopes. Apparently there is more than one born again every minute. Busloads of young Christians long to go on pilgrimages to shore up their Young Earth ideology. The younger ones (under 12) can even get their picture taken on the back of a dinosaur, just like those that people rode. That is, before the old west cowboys killed the last of them off. That's why all those T-Rexes are found out on the great plains. You don't have to take this from me on faith, follow the links from the Wikipedia article on the Creation Museum. See actual video tours. So, why am I venting my bile right now? Wasn't this already adequately covered on this site? I just learned that a young collateral relative, a bright young man, is looking forward to his trip there this weekend! Half a dozen years ago, he was in public schools, in every advanced program they offered. Advanced science and math and lead cello in the district orchestra. Then his parents removed him from all that intellectual wealth to put him in a small Christian school. He still excelled, eventually garnering college board scores that got him invitations to Harvard and Yale and such. But he wants to go to a small school with an influential chapter of the Campus Crusade. Sigh. Most of this is re-posted from this FaceBook note.

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The nebulous nuts and bolts of health care reform

How is that "health care reform coming? New York City's Mayor Michael Bloomberg, a savvy businessman with a long and successful career, is skeptical regarding the pending health care reform bills. This is what he had to say on Meet the Press today:

MAYOR BLOOMBERG: You know, if you really want to object to something in this bill, number one, I have asked congressperson after congressperson, not one can explain to me what's in the bill, even in the House version. Certainly not in the other version. And so for them to vote on a bill that they don't understand whatsoever, really, you got to question how--what kind of government we have. Number two, when they talk about bending the curve, as, as the governor said, bending the curve is a flimflam euphemism for increasing costs, but we're going to say we'll do it at slightly lower rate than we would have otherwise.

GOV. PATRICK: That's not what I'm talking about.

MAYOR BLOOMBERG: I understand that. But they are not talking about reducing costs, they're talking about chancing the first derivative.

MR. GREGORY: Slowing it, right.

MAYOR BLOOMBERG: Slowing the growth down. And when you look at where the cost savings are going to be, well, they're going to cut something out of Medicare and Medicaid. Now, anybody that runs for office will tell you, you don't do that.

MR. GREGORY: Right.

MAYOR BLOOMBERG: I mean, the bottom line is it's so politically explosive, it really would be a first time in the history of the world if they ever cut anything out of either of those two programs.

I suspect that based upon the utter inability of any credible knowledgeable person to frankly state the cost of "health care reform," that Americans are in for a rude awakening. Consider the starting point: the terrible financial condition of Medicare. Here's how bad it is:

The present value of unfunded obligations under all parts of Medicare during FY 2007 over a 75-year forecast horizon is approximately $34.0 trillion. In other words, this amount would have to be set aside today such that the principal and interest would cover the shortfall over the next 75 years.

No private non--criminal corporation would submit operating budget this insane. Yet this is the type of program that we have come to expect from Congress, and it is based upon scores of accounting tricks. These sorts of tricks and traps are exactly what has been alleged about the current proposals for "health care reform." Consider the arguments articulated in the November 13, 2009 issue of Reason.

Congress is using "every budget gimmick in the book" to conceal hundreds of billions in healthcare-reform costs that will lead to "massive tax increases" and higher insurance premiums, one of the country's leading healthcare experts warns.

Early on, Obama originally pledged that his plan would save the typical American family $2,500 a year in healthcare costs. The main purpose of health care reform was "cost control." (see Obama's State of the Union Address from February 2009). Where is this cost control in the current bills? How can we possibly cover tens of millions of people who can't otherwise afford coverage, yet save lots of money for those who are paying their way? Both of the current proposals both depend on a government-funded free-market program administered by for-profit insurance companies. Paul Krugman has argued, however, that the free market doesn't work regarding health care.

[Y]ou don’t know when or whether you’ll need care — but if you do, the care can be extremely expensive. The big bucks are in triple coronary bypass surgery, not routine visits to the doctor’s office; and very, very few people can afford to pay major medical costs out of pocket. This tells you right away that health care can’t be sold like bread. It must be largely paid for by some kind of insurance. And this in turn means that someone other than the patient ends up making decisions about what to buy. Consumer choice is nonsense when it comes to health care. And you can’t just trust insurance companies either — they’re not in business for their health, or yours.

The second thing about health care is that it’s complicated, and you can’t rely on experience or comparison shopping.. . .

We are a country filled with people who abuse their bodies and then depend upon the health care system's expensive treatment. The annual cost of obesity alone in the U.S. is $200 Billion. In fact, we spend less than one percent of total health care spending on prevention. Where is the "stick" (or the "carrot") in the current proposals that will actually make obese, chain-smoking and otherwise reckless Americans change their wasteful and destructive ways? These are my concerns about the current proposals. Well, those concerns and these and these and these . And now we have the business-savvy mayor of NY stating that he has yet to find a member of Congress who understands how the current proposals would really work. And we have a Congress with a history of not actually dealing with fiscal catastrophe, but only putting it off for a few years. We have a system that has yet to explain how it will force Americans to live healthier life styles, in order to save that money. We have competing 2,000 page proposals loaded with lots of stuff that will only be revealed AFTER "reform" is passed. I can already hear it: "We didn't catch that obscure language inserted by [financially interested corporation] that will cost taxpayers an additional $40 Billion every year"). What sustains the momentum is that we will purportedly be insuring thirty million more people, even though it is not clear what we will be giving up in order to do that. Things that motivate the idea of "health care reform" are some low-hanging fruit such portability and restrictions on denying coverage for pre-existing conditions. I've advocated that we should pass laws regarding these obviously needed measures separately, so that we can then really look carefully at the rest of the proposal separately, to just it on its own merits, if we can cut through the morass of accounting gymnastics that apparently serve as the backbone of most of the package. Another thing that motivates passing "health care reform" is the name of the legislation itself. Who could possibly be against "health care reform." A good title does wonders for ramming through indecipherable legislation. This is the current health care "reform," as best I can discern it. It's not looking promising, because it's not looking financially sustainable.

Continue ReadingThe nebulous nuts and bolts of health care reform