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I just learned that every copier built after 2002 has a hard drive that stores a record of every single piece of paper copied on the machine. This means that when the copier is relinquished by a company so that it can be sold as a used machine to another company, all of the information that has been copied by users of the machine at the original company is available as a record to the purchaser of the machine—information like medical records, police reports, etc. Uh-oh. "I just read your post regarding the hard drive on copiers. I work in the data storage industry, and can assure you that the copiers built in 2002 do not have enough storage space to keep an image of every copy made. They may keep a record (which would record dates, times, # of copies, etc.).
The talk I described in my previous post dealt with a problem at the intersection of federal tax law and state marriage law. Thinking about it, it occurred to me that the problem was in part due to the existence of fossil law—legal rules that once made sense but no longer did. Let me start with a science fictional example. At present, it is a safe assumption that most twelve year olds know less and are less mature than most adults. Given that, it makes sense to base legal rules such as who gets to vote or who is able to sign a binding contract on chronological age—despite the fact that some twelve year olds, such as one who was a baby sitter for our daughter when she was little, are more mature than some adults. The alternative would be considerably more complicated rules, requiring a larger element of discretion by whomever had the job of interpreting them.
“Beyond [rallying worldwide condemnation], however, the administration’s options are limited. The United States will not seek further sanctions in the United Nations Security Council, this official said, because North Korea is already heavily sanctioned and Washington needs to preserve its political capital with China and Russia to win their backing for future measures against Syria and Iran. The more likely scenario at the United Nations is a weaker statement from the Council president.
Warren C. Gibson Federal deposit insurance grew out of a turbulent time in American history: the Great Depression. During two waves of bank failures in the 1930s an astonishing 9,000 banks closed and millions of depositors lost some or all of their savings.
Joseph R. Stromberg John Locke (1632–1704) was a physician, statesman, and political philosopher, filling that last office in a dry, “empirical,” and militantly antipoetic English mode. Locke’s stock has risen and fallen over the years.
Brad Delong asks Paul Krugman to explain the behavior of Milton Friedman’s disciples as the crisis lingers here and gets worse in Europe: I have been trying to understand why those who claim to be Friedman’s intellectual disciples–especially those who hold appointments at the Becker-Friedman Institute–have not been aggressively out there condemning Bush, Bernanke, and Obama for insufficient policy activism. The natural generalization of virtually all of Friedman’s work to the current situation is that the task of the government is to Stabilize the Growth Path of Nominal GDP by Any Means Necessary–which means issuing cash and buying stuff that is not a perfect substitute for cash with it until nominal GDP is on its previous growth path.
THE PELICAN INSTITUTE is offering up this five-point guide to understanding the Unfunded Accrued Liability, from how it originated and what kind of impact it’s having to national trends and possible solutions. School boards should have the option to explore the possibility of privatizing food services as part of a larger effort aimed at maximizing classroom resources, Sen. Jack Donahue (R-Covington) and business representatives are set to argue this week Are the attorneys and plaintiffs who file lawsuits built around oilfield contamination allegations genuinely concerned about environmental damage? Or, are they instead motivated by a loophole in the law that allows for financial awards to be detached from cleanup efforts?
Blogger Mike "Mish" Shedlock posted a fascinating story on his website regarding a situation in San Francisco. In “ Trash Collecting Entrepreneur Squashed In San Francisco ” he cites one of his respondents, known simply as Michael, who relates a story about trash collection. One of the customers of the local trash collection service—a contractor referred to as Joe—got fed up with paying $37 per trash can, per week, for garbage removal. He and his neighbor began to take their own trash for disposal at a local dump, using “Joe’s” truck. Shortly, other neighbors joined their informal garbage disposal network, opting to pay the contractor $10 a week for more service than they were getting from the city union. Soon, after their little business had begun to unexpectedly take off, their competitors decided to call in the big guns.
In response to Seattle Trash Collectors Make Average of $109,553 But Want More; 1,600 Apply to Haul Trash if Teamsters Strike I received an Email from Michael about union monopolies in San Francisco. A contractor I know got fed up, canceled his service as did his neighbor. They simply loaded both houses garbage into his truck, took it to the dump and paid the $40 to get rid of it. He charged his friend $10. As a contractor he had to go to the dump all the time anyway.
April 12, 2012 SANFORD, Fla. (UPI) — George Zimmerman will plead not guilty to a second-degree murder charge in the shooting death of unarmed Miami teen Trayvon Martin, his lawyer said.
Late last month, Bloomberg reported that British Petroleum continues to experience substantial growth in the amount of money it receives from the Pentagon for its oil services. From 2010 to 2011, Pentagon contracts with BP increased by one-third from about 1 billion to 1.35 billion. This was presented by some in the media as a scandal, since presumably, BP should be punished by the Pentagon for it’s massive 2010 oil spill in the Gulf of Mexico. The larger story, however, should be about just how much the Pentagon spends on oil every year. The BP contracts are just one small portion of total Pentagon spending on oil, and as Bloomberg reported earlier in February , Pentagon spending on oil surged 26 percent from 2010 to 2011, rising from $13.7 billion to $17.3 billion during that period. That’s about 117 million barrels of oil.
[Based on the notes for a lecture given by the author to Young Americans for Liberty at the University of California, San Diego on May 4, 2010.] The jurisdiction of economics extends far beyond the study of production and consumption of goods and services. The science of economics consists of the study of human action, interaction, and cooperation. Even if you accept the mainstream division of micro- and macroeconomics, at the most basic levels economics deals with how market agents make decisions and how these decisions affect interactions between individuals. Even the broadest of market trends, usually condemned to the realm of "macroeconomics," boils down to interactions between individual market agents. [1] How individuals interact in tandem, forming the economic system as studied in modern macroeconomics, is simply fascinating.
The news media are in the process of creating a great new historical myth. This is the myth that our present financial crisis is the result of economic freedom and laissez-faire capitalism. The attempt to place the blame on laissez faire is readily confirmed by a Google search under the terms "crisis + laissez faire." On the first page of the results that come up, or in the web entries to which those results refer, statements of the following kind appear: "The mortgage crisis is laissez-faire gone wrong." "Sarkozy [Nicolas Sarkozy, the President of France] said 'laissez-faire' economics, 'self-regulation' and the view that 'the all-powerful market' always knows best are finished."
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