Thursday, August 20, 2015

Let there be light

It isn't coming, it is here. The massive switch worldwide from incandesants to LEDs is going to change things in many wonderful ways. In an unusual twist not seen since public water and sewer it will be the poorest that benefit most. Villages in the third world will have extra hours to perform work that raises their standards of living. When not working; reading/learning. Great news. What about we first world slobs? Well since we waste so much lighting the night for no good reason and many bad reasons at least we won't be weasting as much energy while doing it. Hopefully the switch will include smart sensors so that the evils of light pollution can be likewise diminished. And since it often confuses me click this reference page discussing lumens, watts and such.

Friday, August 14, 2015

Better Than Lying with Statistics

You have to admire the warmists.  Here's the alarming graph from the LATimes:

Sure, it says "Extreme heat" but the fine print reveals it to be "heat index." 

DPI by Quintile

Advisors Perspectives Doug Short has a good chart:

And the BEA has their monthly Personal Income report:

The bottom 4/5ths? 
Personal income increased $68.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $60.6 billion, or 0.5 percent, in June, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $25.9 billion, or 0.2 percent. In May, personal income increased $66.3 billion, or 0.4 percent, DPI increased $53.8 billion, or 0.4 percent, and PCE increased $90.8 billion, or 0.7 percent, based on revised estimates. 

Small wonder the bottom 4/5ths still see recession. 

Tuesday, August 11, 2015

Going to the Bank for a Loan

Dawg: "I've come here for a loan."

Banker: "Excellent.  Contrary to popular opinion that's is indeed what we are here for. 

Dawg: "I have these great ideas for expanding my business."

Banker: "Go on."

Dawg: "It's simple.  Instead of automation I want enough money for the next few years to cover my expenses vice minimum/low wage employees instead of technology displacement investment." 

Banker: "Doesn't sound very smart Mr. Dawg." 

Dawg: "Exactly."

Banker: "Exactly?"

Dawg: "Yes.  Here's how the math breaks down.  All my competitors see the writing on the walls and decide
jettison meatsacks as fast as possible.  I pick them up cheap but not so cheap that I can compete.  At first."

Banker: "Wait?"

Dawg: "Yes, and this is the genius.  I wait.  After the first wave I adopt the best technology and at a fraction of the early adopter prices.  THEN I dump the biological cost centers in favor of optimal capital return.  " 

Banker: "Ahhh, yes.  We can do business."