21 April 2017

Thought For The Day - 21 April 2017

The Right Wingnuts are forever pointing at Unicorns to justify all manner of divide-and-conquer manuevers. Chief among such is that "college doesn't matter, just look at Bill Gates!" The Unicorn Theory of Success. Is and always was nonsense, but even most of the Unicorns find it useful to justify both their paths and also the constriction of access to various paths for the less fortunate. Gates was born with millions in trust funds. Not exactly a bootstrap tale.

Well, another research study puts the lie to the Unicorn Theory:
We found about 94 percent of these U.S. leaders attended college, and about 50 percent attended an elite school. Though almost everyone went to college, elite school attendance varied widely. For instance, only 20.6 percent of House members and 33.8 percent of 30-millionaires attended an elite school, but over 80 percent of Forbes' most powerful people did. For whatever reason, about twice as many senators - 41 percent - as House members went to elite schools.

Where did Devin Nunes go?
After receiving his associate of arts degree from the College of the Sequoias, Nunes graduated from Cal Poly San Luis Obispo with a bachelor's degree in agricultural business and a master's degree in agriculture.

And what about that associate's degree? oops!
WASC placed the college on "show cause" status in early 2013 and required to demonstrate to WASC that it should remain accredited. In early 2014, the accreditation status of COS was changed to "warning" as many of the original deficiencies were corrected but others remained; a follow-up report is due in October.

A shit kicker in Congress.

18 April 2017

Thought For The Day - 18 April 2017

Does anyone else find the new Old El Paso "taco party" commercials just this side of porn? I mean, in the usual context, I prefer tacos over hotdogs. But not as food.

See The Dots, Connect The Dots

Work with me on this one.

We know that Empty Counties are Red just because they're white, uneducated, unskilled, and unemployed. Incestuous hollers. Enough Empty Counties in a state, and it runs Red.

We know that cities are Blue just because they're polyglot, educated, skilled, and employed. Enough cities in a state, it's true Blue. Have you noticed that mongrel mutts are almost always tractable and smart? Same with people. Thoroughbred horses are a nightmare. Same with people.

We know that Red states aren't pure Red, but dotted (or swamped, in some cases) with Blue cities. All that matters is who breeds faster (I'll leave that as an exercise for the reader) and who is dumb enough to believe lots of things that aren't true. And who actually votes.

So, today we find that real estate experts (or some, anyway) expect city rents to decline due to overbuilding. But that this will last only a year or two, since liberals and progressives and the smart and employed continue to flock to cities.

In a few years, not even the Red-est of states will be able to find enough votes in their Empty Counties to overwhelm their Blue cities. Oh the irony of it!! The real Tea Party happened in that most socialist city of all, Boston.

The KKK's worst nightmare.

17 April 2017

Eventual Data

Another in the grab bag of tricks with these endeavors: events drive data, and not the other way round. Of course, one can find hundreds of books on Amazon with the search 'financial engineering'. 6,296 as I type this. That's a bunch. Beginning, in earnest, with Samuelson, my initial profession of economics slid down the rabbit hole of quant. Political economics has always been about policy, which is just a polite way of saying, "how do I kill my opponents and reward my allies?" Orange Julius Caesar as President should dispel any notion of a higher purpose.

Well, surprise. The announcement of the second tier international economics award comes as a big surprise. Or, perhaps not. These missives have oft mentioned Gordon's book the last few months. His approach is very much the wordy approach to analysis that Samuelson and Solow attempted, successfully, to kill off.
The economics association highlighted Mr. Donaldson's interest in historical research, an unusual focus for a leading economist. In one paper, Mr. Donaldson found that the spread of railroads in 19th-century India increased prosperity by increasing trade. A subsequent paper reached a similar conclusion about the United States.

Study the events, and you'll see why the data turned out as it did.
The economics association also highlighted Mr. Donaldson's research techniques. It said he had "formed and become the principal practitioner of a distinctive style of research, based on important conceptual questions, careful data work and credible identification combined with state-of-the-art structural methods."

One might dismiss such as reactionary, but given Trumpism and Creationism and Isolationism and Populism and the like, why not?

Finally, the real surprise to anyone who's kept track of econ research and punditry over the last decade,
Mr. Donaldson, 38, was born in Canada. He graduated from Oxford University with a degree in physics and then earned a doctorate in economics at the London School of Economics. He joined the faculty at Stanford in 2014.

When I was at UMass, I opted into then out of, the Ph.D. program and took the participation trophy MA rather than put up with just such graduate program professors. They could spit derivatives off the end of the chalk (yes, it was that long ago) with supreme confidence, but hadn't much of a clue about economics. Not a one of them would have written what Donaldson has. Not even as punishment for high crimes.

Small Victories

One of the quant-ish memes in these endeavors is its use in the field of pharma. Should NHST be used? Should Bayes be used? Should single arm trials be allowed? And so on. But one of them has to do with the gaming of the system. There are as many ways to attempt that as there are the stars in the sky. Over the last decade or so, one of the most popular has been Orphan Drug designation.

You can read up the wiki article for all the gory details, but the summary is that Orphan Drug designation blesses the sponsor with lots of additional profit making opportunities. One of the more subtle, and not necessarily obvious, during the application process: can/will the drug, if approved, be easily moved into a wider population than the orphan indication? The orphan benefits, by current law, follow the drug into such indications. Some mainstream pundits have kvetched about that and about the number of potential patients which define orphan, currently 200,000. That's a lot.

Well, today's briefing.com brings some good news. If you think spiking the cheating is good news:
6:01 am CytoDyn announces that its application for Orphan Drug Designation was not granted by the Office of Orphan Products Development of the FDA 'because PRO 140 appears to have the potential to treat more than just the subset of multi-drug resistant HIV patients for which the designation was requested'

I wonder how much they'll send along to Jared or one of the Wonder Kinder to have FDA change its mind?

14 April 2017

Thought for the (Good Fri)day - 14 April 2017

Just when you thought Orange Julius Caesar was going to Make America Great Again (whenever, and for whomever, that might be), we get the CPI summary that can, reasonably, be his alone.
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.3 percent in March on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today.

Some of that was gas went down (it's been rising since that data was collected), but
The index for all items less food and energy fell 0.1 percent in March, its first decline since January 2010.

Of course, that month was still a Great Recession month, despite what some BLS wonks have said. Falling prices, aka Defeat is in Dee Flation, are the canary in the coal mine keeling over just before it blows up. Welcome to Trump Crater, where the Billionaire Boys get richer and the poor die sooner. The imploding Middle Class (what's left of it) doesn't have lots o moolah to push up prices. If that all sounds like you've read that here before. Well, you have.

10 April 2017

Times A Wastin'

Have many stopped to consider why Orange Julius Caesar is so hot to trot with his "disruptive initiatives"? You might notice that most of the damage is coming from his anti-American agency heads. Pruitt (yeah, it's a tort law firm link, but it was the first one that came up with a money quote, which is what matters) declaring asbestos benign.
Hon. Mr. Pruitt: Asbestos has been identified by the EPA as a high-priority chemical that requires a risk evaluation following the process established by the Lautenberg Act to determine whether conditions of use of the chemical substance pose an unreasonable risk. Prejudging the outcome of that risk evaluation process would not be appropriate.

As if the effects of asbestos were unknown? DeVos expressly denied holding all schools to equal performance metrics
Betsy DeVos admits to Sen. Tim Kaine that she does not support holding charter schools "equally accountable" as public schools.

Of course, Orange Julius Caesar and DeVos made millions fleecing vulnerable folks and the Federal government. I spent about a year "teaching" for one of those for-profit schools (not, so far as I know, owned by either). No diploma? No GED? No problem. We'll turn you into a MultiMate expert in a few months. [If you've ever heard of MultiMate...] Just sign here.

One could go on for hours listing the cynical anti-American exploitation of this crew over the course of just three months. But the underlying question is why the need? Orange Julius Caesar knows, for sure, how much collusion there was between himself, his helpmates, and the Russians. He likely knows how far along the FBI (with help from NSA and CIA) investigation is. He's counting the days until his perp walk. Time's a wastin'.

What he's too dumb to figure out: the sooner he craters the country, the longer the electorate lies prostrate into the 2018 election. And, thus, the greater the threat to the Right Wingnut control of Congress. Even shit kickers in Empty States know when they're being kicked in the face while they grovel in the mud. The Obambi employment surge has past, so good luck.