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The problem is funds give themselves the power to vote on shares owned by their customers. Customers are the owners but if the index fund customers own 20% of all stock in the S&P500 then the fund manager controls 20% of the votes in every company included. That is too much power.

They use to abstain or vote with management by default but Elizabeth Warren types have been getting in their ear and they have begun global warming and anti-gun pressure on companies by leveraging the voting rights of their customers. That is not good for the business or the wishes of the owners. The fund manager does not suffer when the company suffers as the manager is not an owner.

It is a misalignment where the owners are not in control some fund manager is given power not deserved.

A simple solution is a rule for mutual funds that the owners maintain voting rights and they cannot be taken away by the fund managers. This would be a minor tweak not affecting the overall level of regulation in a heavily regulated industry, but would be hugely beneficial.
As Zimmerman left his house for Target he noticed a man standing in the middle of his neighbor's lawn staring at the front of the house in the rain. He parked his car and observed, calling the police. Trayvon then walked up and stood in front of Zimmerman's car staring at him briefly then turned around and took off running. This is described in the police dispatch recording. Zimmerman followed in that direction to see where Trayvon went in order to inform the police but he did not close the distance to Trayvon.

After losing sight of Trayvon Zimmerman slowly started walking back to his car.

Trayvon reached is father's mistress's house where he was staying with the mistress's son while father and mistress stayed in a hotel that night. He told the girl on the phone he reached 'home'.

His bio mom wanted nothing to do with him since toddler age (until after his death), his step mom who raised him now was being divorced/cheated on by his dad. And he was at the third woman's house because he was kicked out of his school. Imagine the anger after all this when Zimmerman ruined his burglary plans. Trayvon then left 'his house' and went back out to find and attack Zimmerman.

The father came home the next morning, noticed Trayvon missing, and called the police under his assumption that Trayvon probably had been arrested and was in Jail.

Trayvon likely attacked Zimmerman for being a 'snitch'. Not a stalker.
quote:

“Fake news” wasn’t even a thing in 2002


What's the frequency, Kenneth?

re: The Serpent

Posted by TexasRiddler on 4/18/21 at 11:56 pm
Watched until the end. It keeps getting better. More suspense and interesting plot in the last few episodes.

Overall worth watching but if you hate the first few episodes it does not get too much different just gradually more intense each episode.
The idea that consumers pay all the tariff is based on ECON 101 two country model. If you take ECON 300-400 International Econ you go into more nuance as this board is famous for. With three or more countries things get more complicated.

EXAMPLE 1A: Free Trade (Toasters $12 each from China and$12 each from India)
• USA buys 100 toasters from China
• USA buys 100 toasters from India
• Total Imports 200 toasters: $2400
• Tariff Revenue: none
• Who Pays Tariff? (No tariff – free trade)

EXAMPLE 1B: TARIFF ADDED $5 per toaster on China
• USA buys 0 toasters from China
• USA buys 200 toasters from India
• Total Imports: 200 toasters all from India $2400
• Tariff Revenue: $0
• Who pays Tariff? no one, but China suffers loss in 100 toaster exports to USA.

EXAMPLE 2: When China and India differ in toaster costs.

EXAMPLE 2A: Free Trade (Toasters $10 from China and $12 from India)
• USA buys 200 toasters from China
• USA buys 0 toasters from India
• Total Imports 200 toasters from China, $2000
• Tariff Revenue: $0

EXAMPLE 2B Add $5 Tariff on China, China does not respond).
• China toasters are now $10 + 5 = $15.
• USA buys 200 toasters from India
• Total Cost $1200
• Tariff Revenue: $0
• Result: USA consumes suffer $2 per toaster (not $5) and China loses all toaster sales.

EXAMPLE 2c ($5 Tariff on China, China responds with $4 subsidy on toasters)
• China Toasters are now $10+5-4=$11
• USA buys 200 toasters from China and 0 from India
• Total Imports 200 toasters, $1100
• China taxpayers pay $4 per each toaster going to USA
• Tariff Revenue: $5*200=$1000
• USA Consumers pay $1 and Chinese Taxpayers pay $4 for each $5 going to the USA Treasury.

In that last example toaster "farmers" could be paid $400 in welfare and it would be 'free' in the sense that China taxpayers would be paying it. Only downsides is $100 more being paid by toaster customers at the same time. But from USA public welfare overall perspective: $400>$100 so net benefit of $300 To USA Citizens (consumers and 'farmers' combined).
Intel agencies do not have "wishes". People have wishes. Who are they?
quote:

Why not just spray paint the other one?


So instead of a black monument, put blackface on the white one?

re: Oh Lord this Klobuchar

Posted by TexasRiddler on 10/13/20 at 1:02 pm
Kavanough hearings: My dad was an alcoholic.
ACB hearings: My dad was a cabin moocher.

re: Oh Lord this Klobuchar

Posted by TexasRiddler on 10/13/20 at 12:53 pm
quote:

Currently in a meeting so I'm unable to listen. Does she sound like she's about to cry?


Yes, but she looks like she is actually crying.
Your are right she did go down the path talking about her black children and how she cried. Just not sure how much of that was strategic and/or ignorance. Maybe she did have that reaction initially based on the news. Even if briefed on this issue I bet the people briefing her were ignorant and/or on the other side (She was probably briefed by Federalist Society types but that society is full of reason/ CATO cucks.


I do think if she were briefed on the full facts she would have a good chance adjusting her position.
I had the same frustration with her answer but hopefully she was just avoiding taking the bait. While it would be satisfying to have her lay out the true facts on this specific issue not sure it is the right time or place for that. It would only make her a lightning rod for protests and cancel culture.

Also maybe she is not up to speed on the details due to being a busy person and she only knows the media version of the story. The true story takes a lot of effort for the average person to becoming aware of it.

Her 2nd amendment answers more than make up for this.
"No evidence this was nationally coordinated" - Christoper Wray
quote:

If I recall...his son got busted with an assload of coke years ago


Your thinking of the Biden family.

Cocaine Mitch is based on his family owned Chinese cargo ship that they found some cocaine in it. His political opponent tried to attack him for it and he embraced the nickname Cocaine Mitch.

The Ship: LINK
quote:

Agreement to or with ... what?


Sorry I meant your "argument" not careful enough with spellcheck's change.

quote:

My only positions on this legislation have been (1) that most people opining on it have ABSOLUTELY no idea what it actually says or does and


I agree you you here other than when you accused me of this which I never did.

quote:

(2) that the registry should be applied equally to same-sex AND opposite-sex offenses. Forgive me for thinking that “equal protection of the law” might be an important concept.


I don't think it was unequal before. Could you give an example of the exact same act where the sexual orientation in the mind of the adult affects the judge's ability to be lenient on the registry issue? Or even give an example of an act which the judge's ability to be lenient on the adult regarding the registry issue changes if the child is a boy vs. girl? Or changes if the adult is a man vs. woman?

quote:

You are confusing the offense and sentencing (both of which DID treat hetero- and homo- the same) with REGISTRATION, which did not.

To be clear, I HAVE simplified a bit to avoid being too graphic, but you seem to be going there.

The exception to the old registry statute actually dealt specifically with penile/vaginal sex only, such that a 23yo man could avoid the registry for vaginal sex with a 14 yo girl but not for performing cunnilingus on her or receiving fellatio from her. While ALL same-sex contact resulted in a mandatory spot on the registry.


Does your argument hinge on boys not having a vagina? So the lesser act is impossible with a boy? The same act is treated the same regardless of gender or orientation, true?

It is just some parings of genders people don't have certain body parts to do the lesser act.

It think you need to expand your worldview transgender boys have vaginas and a homosexual man could benefit from the same judicial leniency under the old law with vaginal sex with a transgender boy.