Okay, I'm (sorta kinda) back from my hiatus, at least for the next 36 hours, when I'm off to West Palm Beach to visit a friend.
Here are some of the things that I probably would have blogged about had I actually been blogging.
--Since I was off gambling, here are two gambling-related stories. First, a New Jersey politician wants to impose
a special tax to pay for gambling addiction treatment. Now, before those of you who suffer from an excess of reasonableness say, "Sure, why not tax the casinos to internalize the externalities they generate?" note the fun part: the tax would
not be on casinos, but on
television networks that broadcast gambling, particularly poker tournaments. My take: The "
penny in your pocket rule" doesn't just apply to people, but to businesses too.
--Second,
New Jersey may ban smoking in casinos. My take: As with all smoking bans, there is no such thing as "smokers rights" or "non-smokers rights," there are only property rights. Let the market decide. See also
this post.
--South Africa wants to spend $256 million to
rename the capital, Pretoria, to a more "African" (i.e., tribal) name (as if the Afrikaaners and British-descended white natives aren't "African" themselves). My take: if you have the money to spend on rewriting maps, street names, government offices, etc., then I say go for it. But
South Africa, which may be "rich" by sub-Saharan Africa standards, is hardly rich by rest-of-world standards, and is not at all immune from the AIDS disaster in Africa. The money (which, of course, would come from taxes) is better spent elsewhere, or perhaps not at all.
--Besieged consumer data company ChoicePoint learns that
incompetence means
always having to say you're sorry. My take: The best way to offer an apology is to buy one -- how about a cash settlement to every individual whose data were compromised?
--The school that
tried to RFID tag its students has triggered
a legislative backlash. My take: Schools should worry a little more about teaching kids and a little less about tracking them.
--Speaking of schools, one option I'd really like to explore after I retire is secondary school teaching. But I'm leery, after 13 years of college, of going back for an education degree, especially after reading that doing so might make me "
inadequate to appalling."
[M]ost graduate education programs that train these school administrators are deeply flawed, suffering from irrelevant curriculum, low standards, weak faculty and little clinical instruction... Many programs are doing little more than dishing out higher degrees to teachers who are trying to qualify for salary increases...
My take: The whole "train educators, not teachers" racket has long been a disgrace that has crippled education in this country by keeping qualified people out of teaching. Scrap it.
--
One more on schools:
A North Texas school district will make parents attend teen substance abuse seminars before their kids will be allowed extracurricular activities. The policy starts next school year at the Carroll Independent School District in the Fort Worth suburb of Southlake. It'll affect the parents of students in grades seven through 12 -- including those of student-athletes. The classes will address substance-abuse trends, warning signs, prevention and district drug policies.
My take: A classic case of the Politics of the Warm Fuzzy Feeling. To politicians, especially local hick politicians, doing
something, even something mind-bogglingly stupid, is always better than doing nothing. It seems to me that making it easier to entice kids to participate in extra-curricular activities is better than making it harder. My parents, who were about as anti-drug as possible, would never had agreed to pee away their time on nonsense like this, which would have meant no band or Math Team for me (yes I admit it -- I was on the Math Team).
Grits for Breakfast has more.
--Want a "Buy" rating on your company's stock? Well,
just, um, "Buy" one:
In Garvey v. Arkoosh, 2005 WL 273135 (D. Mass. Feb. 4, 2005), the court held that "nothing in the securities laws bars the issuer of a regulated security from paying an analyst for a stock recommendation." While the applicable regulatory scheme requires the person who publishes the report to disclose a conflict of interest (see Section 17(b) of the '33 Act), there is no similar duty imposed on the issuer who paid for the promotion.
My take: No conflicts to disclose here.
--
Marginal Revolution has more on the New Jersey "Tomato as Vegetable"
non-scandal. My take: Relying on Nineteenth Century Supreme Court precedent on tomatoes is
as stupid as relying on Nineteenth Century Supreme Court precedent on marriage.
--The
New York Times asks what role Islamic law should play in post-Saddam Iraq, while my buddy
Steve Castellano asks what role Islamic law (and religion generally) should play on Wall Street. My take: In both instances, as small a role as possible.
--Speaking of church and state, here's
an underreported story about how the federal government is allowing Mormons to keep non-believers off public lands. My take: Um, no.
--
Toilet paper tax. My take: Flush it -- it would probably cost more than two cents per roll just to implement it.
--Related: A heartfelt thanks to every taxpayer outside New York City for paying, via a federal subsidy, for
our rat-elimination program. Perhaps we can pay for something of yours via a federal subsidy too. My take: The
death of fiscal federalism marches on.
--I've been perpetually shocked, shocked, by the total lack of libertarian interest in the return of
Doctor Who. Just how young are you people (or just
how old am I)? In any case, apparently
even Time Lords get hacked.
--On the other hand,
people are
all over the new
Star Wars Episode III trailer. My take: It seems somewhat busy and cluttered, which was a major problem with the first two movies, both of which I was relatively forgiving of. Am I going to finally join the ranks of the "Damn these movies suck!" crowd? Also: The end of the trailer says "
The saga is complete [sic] May 19, 2005." Does that mean my own personal prophecy -- that there will
not be a third trilogy after all -- shall be fulfilled?