Affordable Failures

Much like Erich's recent "Lecture to myself", I've had a few things go wrong lately. I am also able to be philosophical about it. Tire Patch Kit I've had 3 flat tires in the last week. One was on a dolly that had left the factory with patched inner tube last year. The patch failed, and I was unable to get another patch to hold after 3 tries. So I went to the hardware store, and was told that a replacement tube had to be ordered. So back home and to the internet. The replacement tube is in the mail to my house for a little less than the hardware store sells other ones. Another was a bicycle tire that patched pretty easily. The third was a tubeless wheelbarrow tire that was slightly off the rim. These are a bear to refill once empty. I am currently stretching the tire across the outside of the rim in the sun so that it will hold to the inside of the rim in a couple of days, allowing me to fill it. The left rear pedals on our tandem bicycle stripped out this week, so I had to replace the pedal and crank. The left "Captain's" crank is a specialty item that had to be special ordered by length and tooth count. Fortunately, I saw this coming, and had the parts on the shelf before the pedal fell off. The vent hood over my stove, a must-have for us non-centrally-air-conditioned folks, finally died. The motor hums, but won't turn. It had a good life; well used for two decades. It is a non-standard size that had to be ordered from the factory. Back when I got it, that meant going through a specialty kitchen store. Now, I ordered it direct online via a local hardware store to be delivered to my house for less than it cost me in 1990. I'm not particularly looking forward to the half-day job of dismounting the old and installing the new. Even if it does actually fit. My laser printer has been getting streaky. This is a problem for MrTitanium, who prints bar-coded labels every day. I tried just replacing the toner kit with a factory original unit (instead of my usual after-market bulk refill). It cost four times as much, but did fix the problem (whew). I recently found out that, due to a paperwork mix up, we have to pay a lawyer five grand to hand us some inheritance money that my parents had already paid a lawyer more than that to prevent it from having to be paid now. As with parking tickets, it is simpler and cheaper to pay it. And we recently got three parking tickets in one stop that were arguably contestable. All during a brief stop between picking a used car up from the seller and dropping it off at the inspection site. One ticket was for expired plates. The next for expired inspection. And one for being in a handicapped spot. That last, most expensive one may be our fault. The back foot of our car occupied the front foot of a 30' long handicapped space on a tree lined residential street. My wife didn't see the rusty little blue sign facing rearward as she parallel parked in front of the car fully in the space in the rain. The car behind the car behind us occupied a foot or two of the handicapped space, as well. But it didn't get a ticket. Let that be a lesson to you; always remove the plates when you buy a car! A couple of months ago I had to get a couple of crowns (that I wrote about as To Tell the Tooth). This was my first expensive dentistry since my wisdom teeth were yanked in college. But back then I was covered by insurance. I pay out-of-pocket for all dental work these days. But we have the wherewithal to deal with these nuisances of modern life. This Wednesday (from Woden's Day) it seems that Woden/Wodan/Wotan/Odin likes me. I suspect that tomorrow (his son Thor's Day) will be the same. Or is it more proof that Gods smile on those who disbelieve in them?

Continue ReadingAffordable Failures

Jury Duty Again

Every other year, I pull jury duty. I received my latest summons with some chagrin, as it seems like I just had it. So sure was I that I had served in 2009 that I checked the box on the survey form that says I've just done the duty within the last 24 months. So I thought I might be excused. But to do this post, I checked my records. It has already been 30 months since I last spent half a week sitting in the courthouse deciding someones fate for up to $1.50/hr. Oops. They'll probably check and I'll make those big bucks yet again this July. I've sat on several juries, and been foreman a couple of times. Civil lawyers don't like me. I get bumped from all lawsuits involving measurable things, like product liability cases. But criminal attorneys don't seem to mind my rational bent. I may have to try harder. Murder trials are very stressful. Maybe an Atheist shirt or button would help. Atheists are among the most distrusted demographics in this nation. Sex offenders get more respect. How do I feel about this regular duty? Consider my official number.

Continue ReadingJury Duty Again

Putting the incentives in the wrong place

At Slate.com, Eliot Spitzer argues that the BP disaster and the Wall Street disaster have something in common:

The law of incentives is what links the Wall Street cataclysm and BP's ongoing eco-disaster: In each case, we socialized risk and privatized gain, creating an asymmetry that created an incentive for private actors to accept and create too much risk in their business model, believing that at the end of the day, somebody else would bear the burden of that risk, should it metastasize into a disaster.

He mentions the astounding fact that in their current risk analysis of the too-big-to-fail banks, the Wall Street agencies assume that the federal government will come to the rescue with future bailouts. What we have is amazing. Public risk and private gain don't begin to pass the smell test. We are doling out corporate welfare where it is not needed and where it is not in the best interest of the taxpayers. And somehow, this catastrophic system passes as "the free market" among many modern-day free market fundamentalists. Spitzer points out that there are two ways to deal with businesses that engage in dangerous activities, tort liability and regulation, and that the public will be protected only if we have at least one of these.

A regime of full tort damages and recoveries is one way to balance safety and exploration, or investment and risk, or whatever economic activity we are discussing. But there is another way: meaningful and vigorous oversight to impose safety standards that are dictated not by the market for insurance but by the judgment of serious experts in a regulatory context.

Continue ReadingPutting the incentives in the wrong place

Portugal experiment: legalizing street drugs reduces use

In July, 2001, Portugal enacted a new law that the purchase, possession or use of any previously illegal drug would no longer be a criminal offense. Portugal's official position is now treatment, not punishment. Since decriminalization, drug use has gone down 10%, drug infections are down and drug deaths are down. Causation is convoluted, of course, but the drug use explosion predicted by many people never occurred. Ten other European countries have decriminalized drugs. Even in Great Britain, where punishment is still technically on the books, 80% of users who are caught are given a caution or a warning, and only about 1,000 people per year spend time in prison.

Continue ReadingPortugal experiment: legalizing street drugs reduces use