Maiello: Defeat the Press
Miami Fans Mistakenly Chant "Let's Go Eat" During Playoff Game
Michael Maiello (also known as "Destor23") is a New York based columnist, performer, fiction author and playwright. He worked for ten years at Forbes Media, writing and editing for both Forbes Magazine and Forbes.com. He also appeared frequently on CNBC, Fox News, Fox Business News, CNN and MSNBC. He is also the author of the 2004 book Buy The Rumor, Sell The Fact: 85 Wall Street Maxims and What They Really Mean. He has performed stand up comedy at The Laugh Factory, The Comic Strip and the Philadelphia Fringe Festival and now reads regularly with Mama D's Arts Bordello in New York. He has had four plays published (Night of Faith and Waiting For Death by Playscripts.com; Principia and Troy! Troy! Troy! by The New York Theatre Experience/indiethieatrenow). From inception to dissolution, he wrote a weekly op-ed column for The Daily, a News Corp. publication designed for tablet computers and he is an occasional op-ed contributor to Reuters.
"Hi, nice to meet you. I'm David Mamet. Fuck." - David Mamet
Figure Four Leglock.
I've always been skeptical of the two alternatives floated that Obama could use to avoid a debt ceiling standoff, but I've also liked them both and I continue to like them both far more than the option of the U.S. voluntarily defaulting on its debt, which is a silly thing considering that the U.S. controls its currency supply. [Read more]
But I'll be quick about it.
"The average Medicare couple pays $109,000 into the program and gets $343,000 in benefits out, according to the Urban Institute. This is $234,000 in free money."
No! No! No! No! It is not free money. It is paid, as a tax, over the course of a working life.
The Monyechimp Compound Interest Calculator will tell you that if a person works 30 years, and pays one thirtieth of $109,000 annually, that they would earn $344,639.70, modestly in excess of what Brooks claims as the ultimate "get," with just an average 6.4% annual return. [Read more]
Just based on conversations I've had over the years, one of the assumed best things about the enduring democracy of the United States is that we've had one Constitution, amended infrequently, for a very long time. Other countries, we're told, go through constitutions quite frequently and others don't have them at all. Today, Louis Michael Seidman writes in The Times that we should give up on the Constitution all together. It has become, he argues, an impediment to smart decision-making and an appeal to a long departed gentry who would not understand the problems we face today.
Apparently casting about for ideas for an Op-ed column this week, Nicholas Kristof has gone back to the "philanthrocapitalism" well with a column titled "How Giving Became Cool." He credits Ted Turner's decision to funnel $1 billion for charitable causes through the United Nations a few years back, and then his agitating for more generosity from Bill Gates and Warren Buffett, who have since championed "The Giving Pledge," where our wealthy betters promise to give away half of their fortunes to charitable causes. [Read more]
...Picture it. It was the middle 1990s. Kurt Cobain still breathed. Courtney Love still made sense. People wore flannel on top of their flannel. Britney Spears was a Mouseketeer and a virgin. Some people still carried pocket pagers, known as "beepers." Well, only drug dealers. Pay phones existed. The rapper Ice-T was an unlikely candidate for starring in a Law and Order spin-off. [Read more]
Friends, please consider signing this petition urging President Obama to think harder and to come up with a qualified Democrat, rather than former Senator Chuck Hagel, as the next Secretary of Defense.
From what I've been reading today (and fighting about on Twitter) some on the left and the libertarian right are supporting Hagel because of his neocon opponents. The good thing about Hagel is that he won't push Obama into a war with Iran. Neocons hate that. But, who cares? Neocons have no influence. [Read more]
This might be* stupid, but hear me out.
One of the problems with guns is that for all the fancy gadgets and accessories, they are pretty low tech. You can put a laser site on a rifle. It's still just an enhanced version of a very old technology. It's a technology that is so old that it is not networked in any way. It cannot be controlled from afar any more than a hammer or hacksaw can be. [Read more]
I know I've brought this up before but back in the 90s, when I worked at a chain book/video/music store, a dude used to come in with his family and a nine millimeter pistol in a shoulder holster. The rules back then in New Mexico were that it was legal to carry an unconcealed firearm, though establishments were allowed to ban them and it was illegal to discharge a firearm within the city limits. So, this guy with his military style haircut (but not the kind of body or discipline you'd associate with having completed the most basic basic training) would come into the store with his piece in full view. The store owners didn't care to ban him.
There are 300 million guns in America, which is enough to arm everyone. About half of households are gun owners. That includes the house I grew up with. It includes some of my colleagues and friends. It includes right wingers and left wingers. They're good people and to them, guns are objects and they have as much a right to them as they do to any other object in their lives. [Read more]
From a spending standpoint one of the problems for Social Security, and for any retirement annuity or lifetime pension, is how to maintain purchasing power for recipients in a world of generally rising prices. It would be so nice, all agree, if prices could just be made not to rise so quickly. This is, unfortunately, very difficult to control.
Enter the Chained CPI. It's a measure of inflation that takes the substitution effect of consumers changing their buying habits in response to a rise in prices. If the price of steak goes up, the story goes, consumers buy more chicken and the government doesn't have to worry about making sure that retirees can keep up with the price of steak. [Read more]