In case you've been wondering if I've been naughty or nice I'm feeling just a wee bit irreverent today.
And couldn't resist sharing this little tidbit of holiday humor set to traditional Christmas carols...
Door County, Wisconsin, USA - Where the strong survive and the weak are killed and eaten.
In case you've been wondering if I've been naughty or nice I'm feeling just a wee bit irreverent today.
And couldn't resist sharing this little tidbit of holiday humor set to traditional Christmas carols...
In the unlikely event that you haven't got enough things on your mind to worry about; here is a tidbit that crossed my news feed recently.
Asteroid 2024 YR4 was discovered on December 27 of last year and is estimated to be 196 feet wide - about the size of the Statue of Liberty and 27 million miles distant. If it were to strike planet earth there is a high probability that it could result in significant damage; likely similar to the 1908 event which flattened a vast forested area in Tunguska Siberia.
Yesterday NASA announced that this chunk of galactic rock had an estimated 3.1% chance of impacting earth on December 22, 2032 - a 1 in 42 chance of collision.
It is useful to note that the probability of an impact can change as additional data is collected. Asteroid 99942 Apophis was initially considered at high risk of colliding with earth; and with continued monitoring these worries were ruled out.
NASA and other space agencies are actively monitoring 2024 YR4 as the asteroid is currently rated as a 3 on the Torino Impact Hazard Scale ranking this as a close-enough encounter with a 1% or greater chance of impact capable of causing localized destruction. Who knew? As events unfold the asteroid's trajectory and probability of impact will be updated.
If the impact probability remains significant there are further options. NASA could attempt to deflect the object by means of altering its trajectory. NASA mounted a successful DART mission in 2022 to test the feasibility of this as a defense strategy.
With a 3.1% probability of an impact this is worth paying attention. Of course there is a much higher probability that Elon Musk will dismantle and defund NASA, furlough all of the agency's slothful and ungrateful workers, disappear the NASA.gov website, strike the name from all of the empty buildings and for good measure supplant it with his own company.
In which case I recommend you interview a contractor who can construct for you a sturdy bunker.
You can learn more about the science of tracking a predicting all of these near-earth objects that keep you up at night.
In case you've been wondering if I've been naughty or nice I'm feeling just a wee bit irreverent today.
And couldn't resist sharing this
little tidbit of holiday humor set to traditional Christmas carols...
We interrupt your holiday for some irreverent holiday caroling.....
If your lord and savior is the former guy read no further as this post may possibly upset you. Which is not my intent. As it is, I’m likely going to be derided as an elitist by certain of my friends anyway. Nevertheless, this real-life illustration of magical economic thought is worthy of sharing.
It is not fake.
For some people this is their belief system. Economic and otherwise.
This conversation took place last weekend in the context of an economic discussion on a closed Facebook group. It began with my supposition that the current economic picture (by most metrics) put the economy on-par with where it stood pre-pandemic. Sure, I know it’s behind in some areas and ahead in others - but for the stuff that really matters basically par for the course.
Heretofore I made no mention-of, or couched anything I posted in a political context. I was just sticking with the data. It did not take long for the worm to turn.
To set the stage, a commentator had previously advanced the notion that the former guy’s economy was the best ever in all of history. Naturally, this is a subjective conclusion. I did not challenge it as the pre-pandemic economy under the former guy was in-fact doing swell. Between you and me this blogger was enjoying the ride.
Nevertheless, I suggested that if something is held-out as the best in history - as bold a conclusion as that should be supported by data.
Alas, the commentator reached for a bridge too far adding (without any supporting evidence) that under the former guy's administration gasoline had also fallen to $.99 a gallon.
I did point-out that when the economy cratered in early 2020 the price of crude oil plummeted as global travel dried-up. Gasoline prices tracked downward as expected. Not likely to $.99/gal - but prices did fall considerably.
To which the commentator suggested that it was the former guy who negotiated cheap crude oil prices thereby keeping gasoline prices low for all of us.
So there you have it. What I learned about supply-demand pricing of fungible commodities is of little utility. All you have to do is simply negotiate a lower price for a globally-traded commodity such as crude oil - and voilà - $1.50 gasoline. Presumably, that is the price at the pump so state and federal taxes are included. All-in the actual refinery price is much lower.
I suppose with Apple Inc. trading in the neighborhood of $143 a share (NASDAQ: AAPL) the former guy should be able to negotiate for us a cheap double digit price around $72 a share?
Just kidding. You readers are smarter than that. You know I'm being snarky.
But on a serious note it is clear to me that in some circles the belief system is dismissive of labyrinthine and complicated financial markets. An article of faith suggesting that only a single key individual's negotiating skills is all that is needed is easier to digest. And just like magic - low commodity prices materialize. As a recovering financial guy I have to wonder how the commentator (above) navigates saving and planning for retirement. And $3.00+ gasoline.
This is a head-scratcher for sure.
I'll spare you readers the rest of the painful discussion thread. When pressed for supporting evidence only argumentative opinions were forthcoming and the comments basically ended with the accusation that I was a Biden supporter. That, my friends, is an intellectual cop-out. A lame deflection used by someone bereft of facts.
Nonetheless, it was a fascinating thought exercise while it lasted - concluded with lazy thinking.
The late great PT Barnum had a term for those who embrace such belief systems.
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There is a population of conservative, center-right and independent-minded voters who place a high value on facts and the truth. Marginalized because they do not demonstrate sufficient fealty and obeisance to the former guy - exile is their cross to bear.
We have one of these contraptions plumbed from the basement sump crock all the way to above the first floor gutters. Some of you readers may have something similar in your own home.
This is what is known as a radon mitigation system.
Radon is a colorless, odorless gas that is a radioactive byproduct of radium. Beginning with uranium 238 it naturally decays with a half-life of 3.8 days as alpha particles are emitted. Over a period of time it decays to polonium, bismuth, and lead.
The gas that finds its way into your home foundation comes from deep in the soil. Breathing radon over time increases your risk of lung cancer making it the second leading cause of lung cancer in the United States.
Radon mitigation systems operate continuously and actively suck radon gas from under concrete slabs, sump pump pits and crawlspace liners. Moisture vapor and other soil gases also travel up through a radon system, since they both are present in the soil.
Among the many benefits of having a radon removal system is that it pulls the moisture vapor and soil gases out from under a building, resulting in lower relative humidity, reduced odors, and cleaner air. The only downside of a radon system drawing out moisture vapor is the potential for icing and clogging during cold winter months.
No worries however. If you break-off one of these icicles you can enjoy a delightfully refreshing radioactive frozen treat.
Suck on enough of them and your might find yourself gently glowing in the dark.
Just kidding. Suck on the icicles from the opposite side of the house where the birds poop.....