Riding Weather
A Curious Question
"Backlash" exception to the 1st Amendment
Arkansas, Affirmative Action, and Walmart
Walmart is headquartered in Bentonville, AR, and is a chunk of the state economy. Whenever the Republican dominated legislature takes up conservative legislation to which the woke rulers of the Walmart empire object, Walmart implicitly threatens to take their money somewhere else.
I'm not saying the Republican politicians are right or wrong to take this into account. I'm just saying it's part of the political calculus there.
Rafe Heydel-Mankoo on Reparations
It's a British argument, but a good quick listen at 12 minutes. The title on YouTube ("Woke Cambridge Students HATE Historian's Facts") is misleading, I think -- the Cambridge students sit quietly and let him finish speaking, and there is some applause at the end.
More Weird Numbers
Shocking if True
I'll Allow It
Wretchard asked Chat GPT-4 who he was, to see what it knows. It's a plausible thing to do; what it knows is the internet, and we've published a great deal of content on the internet.
I decided to try it too, since I was messing with GPT last week.
Close enough for government work.
UPDATE:
I decided to try again, clueing in the GPT bot that I was asking about a blog. It was under the impression that the blog had closed, when in fact its own database ceases. However, it characterized the philosophy of the blog in this way:
That's actually a pretty good summary.
The Gods of the Copybook Headings
This regulatory environment explains why California insurers can’t charge rates that reflect their actual risks. It also shows why there’s so little competition in the state’s insurance industry. Over the long run, competition keeps rates low. Insurance commissioners can certainly hold premiums down by edict, but the result is a contracting market. Homeowners then have little choice but to buy inadequate policies in a government-run marketplace.Similarly, I made my living for years on the cleanup of the power grid crash in California, caused by regulators who were more interested in pretending that power doesn't cost what it costs than in ensuring that the grid produces power. Voters love the idea of putting bureacrats in charge of prices, until the goods disappear from the market. Then they always seem to like the idea of having the government step in to offer the product at a "fair" price. I call it the DMV-ization of the economy, my favorite examples being Obamacare and public schools. Source: Wall Street Journal, Insurance Companies Are Quietly Fleeing California (via DuckDuckGo search).
Cheap Delicacies
Happy St. Patrick's Day
I always feel like I ought to include some religious content, it being a feast day, so here's a prayer called "the Deer's Cry," or "St. Patrick's Breastplate."
Here, after, is a Spotify playlist of St. Patrick's Day songs.
This is the way
Happy 20th Anniversary!
Farmers fight back
Equality of opportunity is a fundamental American principle; equality of outcome is not.
Racial achievement gaps are bad and we should seek to close them. However, they are not due just to racism and standards of high achievement should be maintained for people of all races.
No one is completely without bias, but calling all white people racists who benefit from white privilege and American society a white supremacist society is not right or fair.
People who want to live as a gender different from their biological sex should have that right. However, biological sex is real and spaces limited to biological women in areas like sports and prisons should be preserved. Medical treatments like drugs and surgery are serious interventions that should not be available on demand, especially for children.Nah. Never happen.
The darling of clean-tech banking
SVB was the lender of choice for tech dreamers. It claims to have banked nearly half of all U.S. venture-backed tech and healthcare startups. Yet in recent years those clients have skewed ever more in one direction. “We serve those creating positive environmental change,” SVB’s website brags, noting that the bank worked with some 1,550 companies in the “climate technology and sustainability sector.”
Most of these companies weren’t filling some vital market need. Rather, as the Journal reported, SVB was beloved for its willingness to offer “banking services to startups that often weren’t profitable, in some cases didn’t have a product, and would otherwise have a hard time getting a line of credit or a loan from a larger bank.” One tech entrepreneur provided law.com a more scathing description of SVB’s products: “They’re basically subprime business loans. You’re talking about companies that have no credit profile, they’re burning cash and are unlikely to raise the same type of capital because of interest rates. . . . It was basically social credit.”Paywall issues? Try this link to a search page, which usually takes care of it. If you were willing to drop bucks on an online subscription, though, you could do worse than the OpEd page that employs both Ms. Strassel and Holman Jenkins.

