Showing posts from April, 2014

LA Times' Nicole Santa Cruz: Hey everybody, white people committed a crime!

Have you ever seen a reporter go so far out of her way to point out the race of arrested criminal suspects?

It's one thing to use race as part of a description in order for the public to help police catch an at-large suspect. Even then political correctness often prescribes against noting that a suspect is black or Hispanic. But with the suspects already identified and arrested, what possible point is there in emphasizing their race three times?

A crazy homeless guy stabbed a tourist who refused him a dollar.  Why make this into a race thing?

Check out the giant racist chip on the shoulder of Nicole Santa Cruz. And where the heck are her editors?

Jerry Brown's Body Count

This is the kind of "non-violent" offender that California Governor Jerry Brown releases early from prison in his "prisoner realignment" program: Los Angeles police are investigating potential links between the kidnapping of a teenage girl who was doused with flammable liquid and two other South L.A. attacks that left two women and a 1-year-old boy dead.

The suspect, Robert Ransom Jr., 30, has been charged with nine felony counts related to the attack on the 16-year-old, including rape, attempted murder, kidnapping and assault, according to a complaint filed by the Los Angeles County district attorney's office.


A week after the kidnapping, the LAPD said Ransom -- who has previous felony convictions for robbery, assault and being a felon in possession with a firearm -- was arrested on a parole violation.He was released early as a non-violent offender because his most recent prison term was only for possession of a firearm by a felon.

In possibly related new…

Harry Reid's Koch addiction

Back in January, we asked, "Are the Koch brothers the left's new Emmanuel Goldstein?"

Magic 8-Ball says, "It is decidedly so."

I love postage-paid reply envelopes

"Doc fix" is a recurring budget gimmick. Every year, the budget contains an assumption that Medicare will severely cut payments to doctors. Congress passes that budget to make the overall numbers look good, then later they always sneak back and undo the cuts to doctors.

This year, Speaker Boner teamed up with Democrats to pass the budget-busting "doc fix" over the objections of fiscal conservatives in his own party who wanted to pay for the fix with offsetting budget cuts elsewhere.

Here's what Club for Growth said about Boehner's tactics on this vote:

Dear W.C.,

The act of publicly voting in Congress is fundamental to our nation.  It is fundamental to Democracy.

It is only through transparency that there can be accountability.  And a true democracy cannot exist without both of these. 

Which is why it was so outrageous – and frankly even a little hard for even us to believe – that House GOP leadership was able to pass a Medicare Spending Bill, otherwise know…

A Wall Street veteran's view of High-Frequency Trading

High-Frequency Trading (HFT) is the media's bogeyman du jour, thanks to Michael Lewis' latest book tour.

The reality is not so simple.  A couple of good rebuttals are here and here, and I'd like to add the following response from friend of the blog JF:
I think this line nailed it in a lot of ways…. “High-frequency traders tend to do it best because their computers are much cheaper than expensive Wall Street traders, and competition forces them to pass most of the savings on to us investors. That also explains why many old-school Wall Street traders hate them.”

Wall Street guys had a very hard time accepting the reality that electronic trading, whose adaptation was delayed several years thanks to the power of Wall Street and men like Dick Grasso, was here to stay and a game changer. Traders continued to try to trade the same way they had for years. They would enter orders to buy 10,000 shares of XYZ on Dot when only 2500 shares were offered, and they would spook the market…