It’s My Panel – BONUS POST

IT’S MY PANEL
sung to the tune of “It’s My Party” with apologies to the estate of Lesley Gore; this is the song Nancy Pelosi is singing now:

It’s my panel and
I’ll decry if I want to,
decry if I want to,
decry if I want to.
You would decry too,
if it were up to you.

We all know what Banks and Jordan would do.
They’d spread Trump’s every line,
with McCarthy holding their hands
when they’re supposed to be mine.

It’s my panel and
I’ll decry if I want to,
decry if I want to,
decry if I want to.
You would decry too,
if it were up to you.

Conspiracies abounding,
we need to get a life.
Updating status for a while,
till you’re in MY reality show,
I’ve got no reason to smile.

It’s my panel and
I’ll decry if I want to,
decry if I want to,
decry if I want to.
You would decry too,
if it were up to you.

Tweeting and posting up the wazoo.
Our attention whoredom never ends.
Oh what a political surprise.
Election day,
we’ve got new “friends.”

It’s my panel and
I’ll decry if I want to,
decry if I want to,
decry if I want to.
You would decry too,
if it were up to you.

Oh, it’s my panel and
I’ll decry if I want to,
decry if I want to,
decry if I want to.
You would decry too,
if it were up to you.

Boyd

The Book of the Week is “Boyd, The Fighter Pilot Who Changed the Art of War” by Robert Coram, published in 2002.

Born in January 1927 in Erie, Pennsylvania, John Boyd was the fourth of five children. His father died just before his third birthday. Boyd became a fighter pilot, but was too young to fight in WWII and Korea– though he was stationed there for a time.

By 1954, he was a highly competent flying instructor at Nellis, a U.S. Air Force base near Las Vegas. There, promiscuous men broke military codes of conduct and deserted in large numbers. But a few of Boyd’s students– standouts– completed successful missions in Vietnam.

Boyd was a pathological liar and a crude, insubordinate potty-mouth, but throughout his career, his friends in high places kept him from being drummed out of the service altogether. The way the author described Boyd’s lifelong mannerisms and practices, however, suggested that he had undiagnosed bipolar disorder.

Boyd acquired years and years of formal education and training in aeronautics, avionics and physics. Beginning in the 1960’s, his “Energy-Maneuverability Theory” allowed him to tell his colleagues (ad nauseum in 3am phone calls) the best design for fighter-aircraft. Unfortunately, the nature of warfare that existed during WWII was going out of style.

Also, Boyd rubbed superiors the wrong way, and he was a square peg in a round hole, given the culture of the Air Force. In fact, the culture of the U.S. military in the second half of the twentieth century was one of fierce inter-service rivalry. It was one that: a) wasted inconceivably large amounts of taxpayer dollars that went into the pockets of military contractors, while b) continuing to promote mostly waaaay overrated servicemen (who waaaay overrated their proposed weaponry) who c) simply kissed up to their bosses, rather than rocked the boat. These were power-hungry alpha males who simply got lofty titles with little to show for them.

Boyd was principled and truly committed to helping his country improve its military might and national security. He and a few of his colleagues were willing to pay the price of a stalled career for fighting “City Hall” in pushing their agenda for teaching pilots psychologically advantageous combat techniques, while making military aircraft the safest and the most war-winning it could be, at minimal cost.

The servicemen who met Boyd either loved him or hated him. In the late 1960’s, his passion for doing the right thing led him to complain to the head of Systems Command about the proposed design of a new fighter jet then called the F-X. Boyd’s input in the disputes between or among the Navy, Army and Air Force on that project and others led to Congressional hearings.

Read the book to learn the details on all Boyd-related matters, including:

  • the emotional trouble in his dysfunctional personal life;
  • his theories (hint: the reason his suggestions for how to go about waging war were superior in actual practice because they minimized the time it took planes as manipulated by pilots [reminiscent of ninjas] to switch from one activity to another, throwing the enemy off-guard);
  • the shenanigans with the B-1 bomber and the Bradley;
  • how he shook things up at the Pentagon with the help of the media (Time magazine in particular in March 1983) and Congress; and much more.

Serpent on the Rock

The Book of the Week is “Serpent on the Rock” by Kurt Eichenwald, published in 1995.

This volume contained an egregious error. It appeared in an anecdote about a member of the Belzberg family, Canadian Orthodox-Jews. In the late 1970’s, Belzberg was acquiring a large quantity of stock of the retail brokerage named Bache, so one of Bache’s executives met with him, to find out his intentions.

As the meeting ended, the author wrote that Belzberg shook hands with the Bache executive. That was obviously a fictionalized detail of the story, because Orthodox Jews do not shake hands with, or touch others, except for close family members.

Anyway, in the second half of the 1970’s, tax shelters became trendy in the securities industry. In the 1980’s, Bache (with a shady reputation in the first place) sold tax shelters in the form of limited partnerships of various kinds (oil and real estate were the most common) and reaped fat fees of as much as 8%. On a bunch of them, printed marketing communications illegally contained material omissions and misstatements.

Bache’s clients were clearly unsophisticated, because anyone with a minimal knowledge of finance should have seen that the objectives of the investment were contradictory: “income, growth and safety” (!)

Brokers dispensed with the printed prospectuses (which contained disclaimers required by law), and focused on verbally selling the money-losing financial instruments to their clients. They lied about the projected financial returns (14 to 15%, when they were pretty sure there would actually be disastrous losses). They called the investments “safe”– a word that should NEVER be used on Wall Street. The proper lingo should be “low-risk” and only when that’s the truth. The limited partnerships were “high-risk.”

One man, Jim Darr, became particularly powerful in the Direct Investment Group, and engaged in a boatload of excessively greedy, unethical activities and white-collar crimes that made him fabulously wealthy. In 1983, he flew all the way to a small thrift bank in Arkansas to get a home loan of $1.8 million to purchase a mansion in Connecticut. At that time, there were plenty of local lenders he could have approached.

Another sleazy character, Clifton Harrison, after pulling his last act of unbelievable thievery, gave the excuse, “I’ve just been borrowing some money against future fees.” Read the book to learn more about the various individuals who shaped Bache’s history, and what became of them.

ENDNOTE: The above shenanigans happens every few years in the United States. The line from the movie “That Thing You Do” describes it perfectly: A very common tale, boys, a very common tale. Here is a brief elaboration of the last forty years:

Steps of the American Politico-Economic Cycle

  1. An extremely pro-business president comes to power.
  2. Excessive deregulation ensues.
  3. Shady financial instruments and money-making vehicles spike in popularity (tax shelters, savings and loan associations, goodwill valuations, junk bonds, derivatives, dot-com stocks, stock-options-repricing, subprime mortgages, payday lenders, for-profit colleges, the PACE program, etc., etc., etc.)
  4. Out-of-control greed ensues.
  5. Profiteers of all political persuasions dispense with ethical behavior.
  6. The bubble bursts. A financial crash ensues.
  7. Lawsuit time!
  8. The impoverishment rate accelerates for the middle class and the poor.
  9. Election time. “It’s the economy, stupid.” Whether true or not (usually not!), campaign-propaganda convinces voters that the president is solely responsible for their personal financial situations.
  10. The reelected president, or one from the same party, continues some of the same hog-wild policies, or the new president reverses what he can. Re-regulation ensues.
  11. Time for another round of Survival Roulette (See this blog’s post, “Blind Ambition”).
  12. Opposition-propagandists pull strings to reverse what the new president reversed. They make voters impatient for improvement, even though undoing the damage takes years and years.
  13. Election time. Repeat steps 1-12.

Do It Again – BONUS POST

The Biden-bashing of Fox News never ends. Here’s a little ditty– a recap of his first 6 months in office (unaffiliated with anyone at Fox):

DO IT AGAIN
sung to the tune of “Do It Again” with apologies to Steely Dan.

In your first term
you go reversing
your predecessor’s every action,
and you SIGN executive orders
till your hand ends up in traction.
But your enemies are still angry
so they smear your every move,
bringing UP your old scandals
and the new ones funders approve.

Yeah, back you go, Joe, do it again.
Deals turning round and round.
Back you go, Joe, do it again.

No oil PIPEline and no Wall,
a stop-GLObal warming plan.
ReJOIN the worldwide groups
and repeal the travel ban.
Pay lip service to GUN control,
though every day there is more sorrow.
On guns, you have no power.
Won’t change today, or tomorrow.

Yeah, back you go, Joe, do it again.
Deals turning round and round.
Back you go, Joe, do it again.

Meet the Queen and world leaders,
make speeches and brag-about bills.
But YOU and your fellow leaders
still have border troubles and ills.
You kept HANDing out the money
to every voter and his brother.
With an eye to reelection
you’re just a prez like any other.

Yeah, back you go, Joe, do it again.
Deals turning round and round.
Back you go, Joe, do it again.

Life after [sic] Google

The Book of the Week is “Life after [sic] Google, The Fall of Big Data and the Rise of the Blockchain Economy” by George Gilder, published in 2018.

The author explained that Google’s business model is being eclipsed by blockchain technology. Google offers many services for free, and derives revenue from advertising. The author neglected to mention that one sign that Google is on the wane, is that, in 2013 it stopped updating its PageRank data– a measurement of the extent to which each website on the World Wide Web is networked to other websites.

A bunch of tech-industry greats are improving blockchain technology in the form of various competing cryptocurrencies, which are a financial instrument whose value fluctuates (See this blog’s post, Digital Gold). Blockchain technology’s advantages include efficiency, scalability, improving cybersecurity, and the fact that it is virtual.

Google data centers (comprised of physical servers) derive their power from the Columbia river. Worldwide demand for additional power is growing every day. According to the author, another possible power source for data centers is atomic. He wrote, “China plans to build as many as forty new-fangled nuclear plants, the next wave of data centers may well be in Shenzhen.” Considering that parts of China are in an earthquake zone (!), China might not want to end up like Japan. However, politically, it does have a sociopathic disregard for the health and safety of its citizens.

Anyhow, cryptocurrencies’ major cybersecurity feature is that they are comprised of a decentralized peer-to-peer network so they don’t have a central point of failure. Nevertheless, a major rival of Bitcoin– Ethereum– was hacked for a $150 million loss on one of its nodes. Google has all its data in one place, so theft of data and cyber-attacks are much more efficiently accomplished.

One other financial entity that uses blockchain technology is a hedge fund of the company called Renaissance Technologies. Its software mines terabytes (inconceivably large) quantities of data in order to find minute, even obscure correlations between (at times unrelated) variables that allows it to buy and sell securities at a profit. For more than thirty years, it was delivering inconceivably large returns. Until, starting in 2020, it didn’t. The author argued that since the software isn’t generating new knowledge for the world, it is not generating real wealth for society. Economically, that is bad.

Read the book to learn a wealth of additional information about the features of virtual reality versus artificial intelligence in connection with Google and other technological marvels.

Uranium

The Book of the Week is “Uranium, War, Energy, and the Rock That Shaped the World” by Tom Zoellner, published in 2009.

Now, as is well known, one element crucial for making an atomic bomb via the least difficult method, is uranium. It is radioactive– carcinogenic to humans. Without human intervention, an entire sample of it takes billions of years (yes, really, depending on the isotope) to break down into one substance after another, including thirteen heavy metals; ultimately lead.

In the early 1940’s, “The United States military moved quickly to squelch all news of radioactivity. There were worries in the Pentagon that the bomb would be compared to German mustard gas in WWI or other types of wartime atrocities.” Radiation sickness and cancer killed an estimated thirty thousand people in addition to the seventy thousand who perished instantly by the atomic bomb at Hiroshima in August 1945.

In the late 1940’s, radium– an element that helps make a nuclear weapon– was found to be harmful to humans. The (federal) Atomic Energy Commission gave regulatory responsibilities of health and safety to state agencies in Colorado, Arizona and Utah, making the excuse that private mining businesses were outside its jurisdiction. Of course, the states were understaffed and underfunded in regulating radium.

Nevertheless, the radium rush became a government-directed priority because it was a matter of national security. By the 1960’s, the greed was petering out, and Navajo country (in northern Arizona, and small regions of Utah and New Mexico) was a cancer cluster comprised of an eyesore of about thirteen hundred abandoned mines laid waste with radon gas. That was one aspect of the nuclear age. Another was that building fallout-shelters became trendy. The Kennedy family built one at their estate in Palm Beach, Florida.

In the mid-1950’s the “Atoms For Peace” program begun by president Dwight Eisenhower supplied nuclear reactors to Bangladesh, Algeria, Colombia, Jamaica, Ghana, Peru, Syria, Pakistan, Turkey, and Belgian Congo for the purpose of deterring the said countries’ enemies from using nuclear weapons against them.

In 1988, the United States supplied Iran with a five megawatt research reactor; China supplied uranium ore, and South Africa, a block of uranium and some plutonium. The Pakistani A.Q. Khan was hired as a scientific consultant.

Since 1993, the Atomic Energy Commission was supposed to have recorded incidents in which different forms of uranium (raw ore, yellowcake, hexafluoride, metal oxide, ceramic pellets, and fuel rod assemblies) have gone missing. Incident reportage works on the honor system. Unsurprisingly, the system hasn’t worked because the substance has a very complex, global black-market. Even so, the biggest hurdle to building a nuclear weapon is obtaining uranium in its highly enriched form. Then one must employ people with weapons-design and explosives expertise. Hiding the project (which in part, can be accomplished via a lead sleeve on the finished product– that would fool a radiation detector) might pose additional difficulties. It would cost a total of a few million (U.S.) dollars besides.

In the single-digit 2000’s, the author personally visited the country of Niger to see a uranium town for himself; a life-threatening trip. For, bandits or terrorists (likely of the Tuareg tribe who believe uranium mining has fostered inequality that adversely affects them economically, tribally and health-wise) appeared in front of his bus en route (a not uncommon occurrence). The bus driver was wise to the situation and drove away from the scene to a rural village with electricity, thanks to a nearby French power plant. The two main exports of Niger are uranium and onions. But the nation is still largely agricultural.

Read the book to learn much more about uranium in connection with: its sourcing in Australia, U.S. strategic interests in Soviet Georgia, Yemen’s goals, a Sierra Club legal fight, Vancouver’s ill-gotten gains, etc.

Betrayers of the Truth

The Book of the Week is “Betrayers of the Truth– Fraud and Deceit in the Halls of Science” by William Broad & Nicholas Wade, published in 1982.

Scientists have always emphasized that their ilk are “a rational, self-correcting, self-policing community of scholars.” They consider themselves to be superior because they believe their field of work is more “factual” and requires more education than other kinds of work. Yet even they behave in unethical ways– likely in the same proportion as the population at large– because they too, possess the unattractive traits of human nature.

The authors remarked that even some of the most famous scientists in history (such as Ptolemy, Galileo and Netwon to name just three) have fudged data, plagiarized, or lied about performing experiments they didn’t actually perform. The scientists wanted the data to fit their theories; they were lazy, greedy or glory-seeking, or a combination of those.

The authors lamented that the scientific community’s culture encouraged an atmosphere in which fraud could be perpetrated and perpetuated easily, and not be discovered for decades. In fact, the authors provided numerous, specific examples in which fraud flourished.

The reason scandals of misrepresentation in science are so dangerous is that they have a ripple effect on so many other areas of life– testing of food and drugs, matters of class and race, immigration, and education– to name a few.

At the book’s writing, publishing articles about their new discoveries in professional journals was the major way scientists furthered their careers. There was an avalanche of publications. The obscure publications had a decided lack of fact-checking of article-contents.

In 1962, and again in 1973, researchers sought to test honesty in the community. The results were less than stellar. “Fewer than one in four scientists were willing to provide raw data on request, without self-serving conditions, and nearly half of the studies analyzed had gross errors in their statistics alone.”

As is well known, science in academia has a hierarchical structure. The elitism feeds on itself. Big-name scientists at prestigious universities are necessarily trusted more for integrity than nobodies are, so their articles and grant applications are less carefully vetted, and they therefore get more prizes, editorships, and lectureships. Their reputations as “experts” become even more widespread.

However, history is rife with stories of nobodies who fought fiercely for recognition because they knew their methods or theories were superior. And often late in their careers, or posthumously, their contributions were recognized. Such greats included, but were certainly not limited to: George Ohm, Gregor Mendel, Alfred Wegener and Sister Kenny.

Sadly, it seems as though, now more than ever, many “science” shows on once-reputable cable-TV channels purport to educate viewers, but at best, convey trivia put out by profiteers, propagandists and attention whores.

Another indication of ignorance of science was highlighted during the coronavirus pandemic in America. Government at all levels ordered masking of all individuals while its propaganda machine squelched the fact that:

covering one’s face with non-sterile fabric and breathing in one’s own toxic exhalations more likely propagates illness rather than minimizes the spread of it!

According to NIH News, “Your mouth is home to about 700 species of germs, like bacteria, fungus, and more.”

Read the book to learn a wealth of additional details on how the scientific community takes care of its own, and other reasons dishonesty in science is actually more prevalent than it appears to be.

On and On

On and On

sung to the tune of “On and On” with apologies to Stephen Bishop.

There in D.C. they got lots of, witch hunters who,

steal your data, and they, abuse their power.

Nothing new in the world of political man.

James Bond wannabes and-the, prez’s evil plan.

On and on, they just keep on spying,

and they attack when they get caught lying.

On and on, on and on, on and on.

Much of history is fraught with vengeance,

audits, tapes, hard-drives and cams.

So they lawyer up when their plots come to light.

Get all righteous and childishly fight.

On and on, they just keep on spying,

and they attack when they get caught lying.

On and on, on and on, on and on.

Well, they act like, it’s the first time. They’re so shocked and appalled.

But they know how, to show it. The not-too-bright give them votes on election ni-i-ight.

Got the idiot box off and my nose in a book.

Won’t give the tabloids a second look.

Ah, but I’ll ignore the noise, I’ll just read and close-my-ears,

‘stead of fretting over their stupid smears.

On and on, I just keep on learning.

And I smile when others are burning.

On and on, on and on, on and on.

On and on, on and on, on and on.

On and on, on and on, on and on. Ooh, Ooh.