Just Like Hockey

I went to a fight the other day and a session of Congress broke out.

This is a take on an old joke, "I went to a fight and a hockey game broke out."

As well, it's a commentary on the scuffle that took place between Kevin McCarthy and Tim Burchett on Tuesday¹, and the spat between Sen. Markwayne Mullin and Teamsters President Sean O'Brien in a Senate hearing also on Tuesday.²

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¹https://www.npr.org/2023/11/14/1212912482/mccarthy-burchett-elbow-house-republicans

²https://www.nbcnews.com/politics/congress/stand-butt-fistfight-nearly-breaks-senate-hearing-bernie-sanders-steps-rcna125140

Losing Faith in America

I’m losing faith in our institutions.

First example is how the Federal Reserve thinks it can get inflation under control by raising interest rates.  If prices are higher now than they were one year ago, it’s mostly because they were so low before.  Recall that low demand in 2020 caused prices to fall sharply.  (In fact crude oil prices were actually negative¹ in April 2020.)  Now we’re seeing low supply as a backlash from that effect.  Thus prices climb as demand returns to normal.  The higher interest rates may placate Wall Street investors, but it hurts anyone who needs to replace an automobile or relocate.

Second there’s Justice Samuel Alito’s draft proposal to eliminate the right to an abortion².  In it he claims that the decision was “egregiously wrong from the start.”  So even the Supreme Court of today has no faith in the Supreme Court of five decades ago.  Sure, personal opinions change.  But law is built on precedent, isn’t it?

Third, and most troubling of all, is how the Federal Court in April struck down the CDC’s public transportation mask mandate³.  The person who brought the suit before the court has anxiety and complained that exceptions to the mandate did not apply to her.  In fact the mandate provides for a variety of exclusions that the plaintiff could claim, including “to catch [one’s] breath after ‘feeling winded’”.  The court decision is a blatant attack on science.

It won’t be long before we round up all scientists and engineers and burn them at the stake.

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¹ https://www.marketwatch.com/story/oil-prices-went-negative-a-year-ago-heres-what-traders-have-learned-since-11618863839

² https://www.politico.com/news/2022/05/02/supreme-court-abortion-draft-opinion-00029473

³ https://storage.courtlistener.com/recap/gov.uscourts.flmd.391798/gov.uscourts.flmd.391798.53.0_1.pdf

The Dreaded Non-Disclosure / Non-Compete Agreement

If you work in the USA tech industry, you've probably been asked to sign a non-disclosure / non-compete agreement with a new employer.  It may be that even your current employer asked you to sign a new one.

If you're not familiar with it, let me describe it for you in a nutshell: Anything you witness or produce on company time becomes the property of your employer.  Even if you think of something, if you thought of it on company time, that idea is your employer's property.  This explains a lot of what I've observed during my career -- many coworkers are so poignantly aware of this that the second they clock in, they empty their minds completely of thoughts and go about their duties thoughtlessly.

If asked to sign a non-disclosure / non-compete agreement, what should you do?  This ebook from IEEE should help:
https://www.ieeeusa.org/members/IPandtheengineer.pdf

Good luck!

Earth is 9000 Years Old!

I did not realize until just a few moments ago that our Earth is 9000 years old, and it was created in six days.  So says Rep. Paul C. Broun, a republican from Georgia.  He is a member of a key congressional science advisory committee,  so he must know what he's taking about.

He also refers to evolution, embryology and the Big Bang theory as "all lies straight from the pit of Hell."

http://www.huffingtonpost.com/2012/10/07/bill-nye-paul-broun-science-space-technology_n_1947125.html

Bailout, Schmailout

Congress thinks we need a bailout. Wall Street definitely needs a bailout. What do you think?

I'll tell you what I think. We don't need it.

Our economy is self-correcting. Higher interest rates caused trouble for people who were in too much debt. They could no longer pay back their loans. As well, the ever increasing cost for gasoline and heating oil put an extra strain on the entire working class.

But now, the rates on Treasury bills are ridiculously low. This means the rates on home equity lines of credit and the interest rates on ARMs (Adjustable Rate Mortgages) have fallen because they're both usually indexed to one of the Treasury bills.

We're also seeing much lower prices for gasoline. Drivers are practically swerving off the side of the road to stare at the prices. "Wait, did that actually read $3.19? No it must've been $4.19. Let me look again."

One big problem remains. Businesses may start to fire workers because they cannot finance growth projects or even payroll. In this case, the appropriate course of action for our government is to finance projects that lead to new jobs.

Imagine how many jobs $700 Billion could start. You could create a whole oil-free energy infrastructure with that amount of money. People would have jobs, and we'd finally be independent from unfriendly oil-producing nations.

But then, what kind of jobs will the greedy Wall Street CEO's get? My advice is to put them on disability -- essentially pay them to not work. We'll all be better off then.

Net Neutrality

The US Senate is debating S 2917: Internet Freedom Preservation Act, which would prevent ISPs from giving preferential treatment to content providers that pay. They are also debating S 2686: Communications, Consumers' Choice, and Broadband Deployment Act of 2006, which would greatly reform telecommications laws and allow for a tiered Internet.

Apparently, telecom providers want to compete with cable television providers, and they want content providers to subsidize their effort. The first bill mentioned above would seek to prevent that. The second would facilitate it.

For a really well-fleshed out article on the subject, check out "Speed Bumps on the Information Highway," by Tom Abate, Chronicle Staff Writer. This FreePress page provides more arguments in favor of Net Neutrality.

I recommend this sarcastic article, called "Net Neutrality Has Ruined the Web," for those who understand something about electronic communications.

Bankruptcy Law Fails to Keep Creditors in Line

NPR's report on the new bankruptcy legislation, which goes into effect in less than two hours, piqued my interest.

First, is the timing of the bill. Why now? People have been going bankrupt for years. But now that consumer debt is at an all-time high, and both inflation and interest rates are poised to increase, lenders are worried about losing their shorts unless bankruptcy laws are revised.

Second is how the report mentioned that consumer advocate groups opposed the legislation because it lets lenders off the hook. I agree. You'd think if a company were going to lend money to someone, it'd make sure the person seems responsible enough to pay back the loan. But that's not happening. Just sift through a week's worth of junk mail and count how many offers you get for home equity loans and credit cards. Lenders are saving money by failing to properly screen applicants, and now they've gotten the government to enforce payment.

What the bill/law should do is penalize the "worst" lenders in some way. Here's how. Whichever lender has the "most money" in default should be forced to forgive those debts. By "most money," I mean the highest ratio of money in default to total loan money in any given month. This makes it fair for large lenders.

So in November, when Capital One complains that it extended $1M to customers and $100K cannot be paid back, the government can respond, "Sorry, but no other company has anything as large as 10% of its loans in bankruptcy court. You're an irresponsible lender, and you're not entitled to get it back."

This might lead to a stalled economy. After all, our economy is fueled by irrational credit spending. But it might also lead to lenders that take an interest in its customers.

Media's Portrayal of MGM vs Grokster

The media's soundbites on the Supreme Court's decision on MGM vs. Grokster would have you think that the movie industry "won." You get the impression that the next news item might be:

Emboldened by its victory over Grokster and StreamCast Networks, the music industry announced two new lawsuits. The first is directed at the Internet. "Grokster's illegal activity was made possible by the Internet," music industry spokesman Don Verrilli said. "It's totally without merit," responded the self-proclaimed inventor of the Internet, Al Gore.

The second lawsuit was filed against the Almighty Creator. "In creating the Universe, the Almighty established certain fundamental constructs, which enabled the phenomena upon which the Internet and Grokster are based. This cannot go unpunished." The Almighty had no response.

In fact, the Supreme Court merely overturned the decision by 9th Circuit Court of Appeals that ruled that the file sharing software was legal. The Appellate court's decision was based on the 1984 Sony Betamax case, which the Supreme Court said could not applied to the case.

The Supreme Court's decision doesn't mean that Grokster and StreamCast Networks's Morpheus are now illegal. Instead, it means that the case will need to be retried. MGM will have to demonstrate that Grokster and StreamCast Networks actively induced its customers to use the software for copyright infringement.

For more facts on MGM vs. Grokster and StreamCast Networks, please visit IEEE-USA's copyright infringement policy page.

Note: The articles at the following web pages were referenced for this blog post:

• IEEE-USA's News Release Supreme Court Adopts IEEE-USA’s Balanced Position in MGM vs. Grokster Electronic File-Sharing Case: Protects Innovation, While Limiting Illegal Activities


• Wired's Grokster Loss Sucks for Tech