Posts filed under “Technology”

Biggest Threat to Human Progress is Relentless Stupidity

 

 

“Wealth – any income that is at least one hundred dollars more a year than the income of one’s wife’s sister’s husband.”
–H.L. Mencken

 

On Fridays, I like to wax eloquent and philosophical — about investing, analysis and asset management. Often, there are lessons from other disciplines that are applicable to our own. Sometimes I point out an especially insightful work. But most of the time, I like to highlight misguided, faulty or just plain dumb analysis.

The latter is our subject today: a dishonest and disingenuous argument that is technically correct, but cynical and misleading. It only takes a bit of thinking to realize the absurdity of the claim.

Writing in the Washington Times during last month’s holiday week was this column from Richard Rahn of Cato Institute with the headline, “Common folk live better now than royalty did in earlier times. ”

The entire enterprise is a fatuous and politically inspired attempt to minimize the issue of income inequality, because after all, the poor today live better than kings did centuries ago! There, all problems solved, Here’s Rahn:

“The average low-income American, who makes $25,000 per year, lives in a home that has air conditioning, a color TV and a dishwasher, owns an automobile, and eats more calories than he should from an immense variety of food . . . Louis XIV lived in constant fear of dying from smallpox and many other diseases that are now cured quickly by antibiotics. His palace at Versailles had 700 rooms but no bathrooms (hence he rarely bathed), and no central heating or air conditioning.”

Let’s set about fisking this intellectual detritus:

Continues here

 

 

 

Category: Economy, Philosophy, Really, really bad calls, Technology

Where Apple’s Money Comes From

Source: Business Insider

Category: Consumer Spending, Digital Media, Technology

National Broadband Map: broadbandmap.gov

Cool interactive map that lets you check out actual broadband speeds vs the advertised speeds by zip code:

 

Broadband Test vs. Actual

 

New York, NY

More speed tables after jump

Read More

Category: Technology

What is an Online Financial Advisor?

I thought this infographic was inforamtive. We launched our own online advisor last year called Liftoff:   Source: Paladin Research & Registry

Category: Asset Allocation, Digital Media, ETFs, Investing, Technology

Who Are We Killing with Drones?

West Uses Anti-Terror Laws to Murder Farmers, Small-Time Drug Dealers and Low-Level Taliban Members – Poppy Farmers, Drug Couriers and Drug Dealers Spiegel reported yesterday that drug dealers and low-level Taliban members were targeted for death by drone: NATO didn’t just target the Taliban leadership, but also eliminated mid- and lower-level members of the group on…Read More

Category: Legal, Really, really bad calls, Technology, War/Defense

Top 10 Strategic Technology Trends for 2015

click for larger graphic Source: Gartner via Gartner Symposium

Category: Digital Media, Technology

How Speakers Make Sound

Source: Animagraffs

Category: Digital Media, Science, Technology

The Data-Driven Farm

The Toms in Indiana have seen farming advance from horse-drawn plows to self-guiding tractors. They say innovation has been the key to their success.

Category: Technology, Video

Landing on a Comet, 317 Million Miles From Home

click for totally awesome photos: Source: NY Times

Category: Digital Media, Science, Technology

DJI, Creator of the Phantom, the World’s Most Popular Drone

DJI CEO Frank Wang, creator of the Phantom drone, speaks from the company’s Shenzhen, China headquarters about DJI’s start and the future of unmanned aircraft.

What’s Next for the Creator of the Phantom Drone?

See also
So, You Want to Own a Drone (WSJ)

Category: Technology, Video