Monday, January 23, 2023
The Wind and the Lion (1975)
Saturday, January 21, 2023
Debt Ceiling
Patrick Boyle is a highly entertaining and truly informative YouTuber. I do not recall when I first started watching his videos, but it's been at least a year. As a hedge fund manager, he has some insights on the markets and offers commentary on the investing fads of the day. His videos on Sam Bankman-Fried are great. He delivers everything in a deadpan matter of fact manner, which can be quite funny. He also has a series of videos that discuss portfolio management, options, derivatives, swaps, and so on. Terrific stuff and recommended.
His latest video discusses the debt ceiling and I find that I disagree. He covers all the questionable tricks and gimmicks that the government could use (e.g., minting the trillion-dollar coin) to bypass the need of raising the debt ceiling, but comes down to the idea that the only responsible thing is to raise the debt ceiling. As he explained it, the debts that would be paid are for money already spent, which didn't make sense to me. Of course, government accounting is intentionally arcane. I have always likened the debt ceiling to a credit card limit. If my credit card limit is $10,000 and I reach it, I do not default on my debts if MasterCard refuses to raise the limit to $11,000. Why is it different for government? Also, default is a choice. The government must pay bonds and interest on the debt, but the rest is available for chopping. Cut the Department of Agriculture, the Department of Education, the Department of Labor, and so forth. Layoffs are not default. Sell federal lands, cut foreign aid, stop sending billions of dollars to Ukraine. Again, none of those options would be default. The threat of default is bandied about to scare the populace and keep the money rolling in DC. At least, this is how I have long viewed it.
That Patrick Boyle has a different view makes me question my long-held opinion. At one point, he discussed government bonds. The debt is based on the face value of the bonds. I had never considered that. I received a $100 bond when I was around 10. It was going to mature in 3 years or so, which sounded like an eternity. However, I didn't cash it until I was 18. I was astonished to receive more than $100. Though the government listed my bond as a $100 debt, it paid me around $150. This example could make his point that the actual debt is greater than the debt ceiling indicates, which undermines my credit card limit view.
Even so, the debt as a percentage of GDP has rocketed in the past 20 years. In 2000, the US Debt to GDP ratio was 59.5%. Today it is 121.5%. The spending has to be reined in before the interest payments consume the entirety of the US budget.
Friday, January 20, 2023
Interesting Timing
Today is the 2-year anniversary of Joe Biden's inauguration. This is noteworthy because, as of today, his vice president could serve out the remainder of his term, and still serve two additional terms; this comes from the 22nd Amendment. Coincident with this special date, all sorts of scandals have erupted around President Biden. Of course, there are the documents found in a variety of places. Mishandled documents was recently a valid basis for an FBI raid on Mar-a-Lago and calls for criminal prosecution of former President Trump. Now we have emails that demonstrate Joe Biden's involvement in his son's business ventures, something he adamantly denied doing. Then there is the news that Hunter was paying nearly $50K a month in rent for Joe Biden's Wilmington home. None of this is new, but it is all getting revealed now. Coincidence? Unlikely.
The very people who kept all this out of the 2020 election are now unleashing it. Why? Was it all going to come out anyway on account of a Republican-controlled House so this is just an effort to get ahead of it? Maybe. Or is this an effort to push Joe aside so that President Harris will have the benefit of incumbency come 2024? With her performance so far, I don't know that incumbency will help. Then again, I didn't think Joe Biden was electable.
Wednesday, January 18, 2023
Company "A" Corps of Engineers
The Sisters Brothers (2018)
It is Oregon in 1851. Eli (John C Reilly) and Charlie Sisters (Joaquin Phoenix) are hired guns. Having just returned to Oregon City after a job, their employer sends them on a new mission: track down Hermann Warm (Riz Ahmed), extract information from him, then kill him. To help in this task, John Morris (Jake Gyllenhaal) had already been dispatched to trail Warm. Morris is only a scout, not a gunman. The brothers find themselves traveling into California and the Gold Rush. Warm is a chemist who has a particular formula for extracting gold.
The movie is mostly concerned with the relationships of Eli and Charlie and, to a lesser extent, Morris and Warm. Charlie, though younger, is the driving force of the brothers. Where Eli is ready to try something different, Charlie is ambitious to replace their employer. Where Eli would walk away, Charlie is eager for a fight. By contrast, Morris and Warm talk about building an ideal society that would purge violence.
Where most Westerns would just have everyone with bandoliers of bullets and random revolvers, this production was true to the period and armed them with cap and ball revolvers. Reloading is shown repeatedly as the brothers disassemble their guns to slide a fresh cylinder into place.
It feels longer than its 2-hour runtime. At times, the filmmakers add scenes that further detail the time and place, but don't advance the story. What is the point of staying at the fine hotel and seeing a flush toilet. That's probably a bit early for a flush toilet. Then there were all the discarded items on the beach. In fact, during the Gold Rush, lots of items were abandoned on the trail. However, this is not explained and one might think this was just evidence of a shipwreck. It was also surprising to see Rutger Hauer appear in a non-speaking role.
With such a ludicrous title, I had expected some humor. Nope. Very few laughs to be found here. Just okay.
Sunday, January 15, 2023
Blake's 7 (Series 4)
Stranded on a planet by Servalan, Avon (Paul Darrow) and Dayna discover that the ship which was so kindly left for them has been booby-trapped. It explodes when one of the natives of the planet climbs aboard. Avon quickly surmises that the same will be true of the base. They rush back to warn the others but are too late; Cally is buried under the rubble. Fortunately, Dorian arrives and takes them back to his base. Dorian has a ship called Scorpio with a computer named Slave. He also has an extensive base on Xenon. He takes the survivors of the Liberator with him and introduces them to Soolin (Glynis Barber), a fearless quick-drawing gunfighter. Unsurprisingly, Dorian has a distorted image of himself stored in the basement.
The adventures resume with a new ship, a secret base, a new recruit, and a growing desire to fight the Federation. Servalan - who had been presumed killed when the Liberator exploded - has survived, but is no longer president of the Federation. She is seeking to claw her way back to power, often using Avon and his band to advance her goals. Some of the episodes are too convenient. Right out the gate, the crew manage to equip Scorpio with a teleporter. Wow, something that was unique in the galaxy to the Liberator is already integrated into Scorpio. Handy. Soon after, they get their hands on an advanced engine so that, once again, they can outrun Federation ships.
One of the saddest things about the show is how no one, except the crew of Scorpio, ever realizes how Servalan never keeps her deals. Again and again, some idiot agrees to a deal with her only to get betrayed. How is it that these fools keep believing her? These supposedly brilliant or cunning people all think they will be the one to survive a bargain with Servalan. Nope. It starts to grate that this storyline repeats.
Some of the costumes were truly outlandish. The Space Rats - who were like punk rockers with mohawk hair and ridiculously painted faces - were beyond silly. They were like drooling idiots who just happened to fly vehicles with the most powerful engines in the Federation. Sigh. Possibly the worst episode of the entire show.
The show concludes with the return of Blake (Gareth Thomas), who is now a bounty hunter on an isolated world. During a conversation with Tarrant (Steven Pacey), he tells the story of Jenna's (Sally Knyvette) death. Avon hopes to recruit him as a figurehead for the rebellion. Instead, he kills Blake for betraying the cause. Or so he thought. No sooner has Blake breathed his last than Federation troops storm the facility and gun down everyone.
Wow, brave cliffhanger. And then the series was canceled. Gareth Thomas agreed to appear only if Blake was unambiguously killed. Paul Darrow spent his later years trying to revive the show. He had envisioned an older Avon mentoring a new band of rebels to fight the Federation.
Overall, a good show. This series was weak. Avon is the best part of the show. His willingness to toss Vila into space in the episode Orbit was one of the highlights of this final series. In the final few episodes, Soolin developed into an interesting character. Tarrant became less obnoxious this series. Slave was more annoying than funny. Why would anyone program a computer to be constantly apologetic? I preferred Zen. Or even Orac. Interestingly, both of those and Slave were voiced by the same actor.
Recommended.
M3GAN (2022)
Rough Riders (1997)
There follows the return of some of the survivors to their homes and families. And then, the story returns to the 'present' where Nash stands at the gravesites of some of his fellow Rough Riders and tells them the news of the day and that he has done well.
The Rough Riders
While Theodore Roosevelt was working as the Assistant Secretary of the Navy, the USS Maine exploded in Havana. War with Spain followed shortly. Determined to see combat, Roosevelt immediately set about creating a volunteer force. Speed was vital if he was to be present when the fighting started. First, he needed a regimental commander with proven experience and respect. He chose Leonard Wood, an active military man and Medal of Honor winner. The 1st United States Volunteer Cavalry was recruited and reported to San Antonio for training. A motley band, there were cowboys, Native Americans, hunters, miners, Ivy Leaguers, and others. Many of them were already expert marksmen and skilled horsemen, so much of the training could focus on drill, military etiquette, chain of command, and general discipline.
In May of 1898, the Rough Riders boarded trains for Tampa Bay. Once there, they boarded the transport ship Yucatan in June, arriving on the coast of Cuba a couple of weeks later. Though a cavalry regiment, they were not allowed to bring their horses. Thus, they were cavalry serving as infantry. Roosevelt details Las Guasimas, the first battle where the Rough Riders saw action. Thanks to malaria, Colonel Wood was elevated to brigade commander and Roosevelt rose to command the regiment, now Roosevelt's Rough Riders. There follows the charge up Kettle Hill and San Juan Hill, and finally the siege of Santiago. By mid-August, the Rough Riders were quarantined on Long Island until malaria abated.
Roosevelt offers extensive praise to the men, often using superlatives. It is very much an on the ground account, seldom offering details of the bigger picture. This is the war as Roosevelt saw it, occasionally reinforced with notes on the wider war if necessary. It is sometime repetitive, giving the impression that there was not a lot of editing before being sent to print. He does spend several pages countering the writings of other authors, notably on the number of Spanish troops in the area and the details of the Battle of Las Guasimas. There is also extensive discussion of the lack of transport, food, and medical care. The American logistics were terrible. Merely noting that a cavalry regiment was deployed without horses says a lot. Furthermore, the Spanish had superior rifles and used smokeless gunpowder. This allowed them to quickly target US artillery and disable it. Lastly, Roosevelt offered high praise, even pinning the largest share of credit for victory, on Lt. Parker and his Gatling Guns.
Highly entertaining account of one facet of the Spanish-American War. It is a wonder that in a war that lasted less than 4 months, a volunteer unit was recruited, equipped, trained, and sent into the field to participate side-by-side with regular troops. Recommended.
Wednesday, January 4, 2023
Republicans with a Spine?
Kevin McCarthy has now failed to secure the speakership after 6 votes. It is time to step aside and let someone else be speaker. Of course, he's not going to do that. He may yet arrange for Democrat votes to push him over the needed votes. Imagine what sort of concessions that will require. If he was truly interested in the good of the party, he would negotiate for another role and give up the speakership. Really, the last Congress already settled the budget until September and the divided government means that anything the Republican House does will just be canceled by the Democrat Senate. If ever there was a time for this sort of intraparty fight, now is it. Once it's resolved, they won't get anything done anyway. It's gridlock until January 2025, at minimum.
The great thing about the handful who have taken the fight this far is that they have been shown to possess something very rare among elected Republicans: a spine. Yes, if McCarthy is finally elected, which he probably will be, he is going to be vindictive to these insurgents. They know that, and still they protest. Now, if only the rest of the Republicans could muster such sangfroid.
Tuesday, January 3, 2023
McCarthy Unqualified
The newly elected members of the House of Representatives met today to elect a Speaker. The expectation was that Kevin McCarthy, the House Minority Leader, would be elected Speaker. On the first vote - the one that has determined the Speaker for the past century, McCarthy failed to win a majority; he needed 218 votes but received 203. In fact, the plurality of votes (212) went to a Democrat. On the second ballot, McCarthy again failed to win the majority. On the third ballot, McCarthy's vote total dropped to 202.
The Freedom Caucus telegraphed this move, allowing McCarthy the opportunity to politic in advance of the vote. Either he failed to politic - which demonstrates that he is unqualified - or he failed to win the votes to avoid this embarrassment - which also demonstrates that he is unqualified.
Prior to the second vote, Matt Gaetz called upon the Republicans to vote for Jim Jordan. On the first ballot, the votes for speaker were divided among 1 Democrat and 6 Republicans. On the 2nd and 3rd ballots, the votes were divided among 1 Democrat (212), Kevin McCarthy (203/202), and Jim Jordan (20/19). Unable to elect a Speaker, the House adjourned until tomorrow.
How will this impasse be overcome? McCarthy could request votes from Democrats to make up his deficit, but that will involve some serious concessions that would destroy his speakership from the start. He could offer concessions to the Freedom Caucus - which has a much stronger position that it had yesterday - to win enough votes. However, that again leaves him as a weak Speaker. He could step aside. Even if he does this, Jordan will not be elected Speaker. Jordan has shown hostility to the uniparty that has driven the debt to astronomical levels, ignored the open border, and shoveled billions of dollars to Ukraine.
Fresh of their 'victory' in the 2022 election, the Republican Party is imploding before it can even exercise power. Time for popcorn!
Sunday, January 1, 2023
Our Army at Monterey
Following his account of Our Army on the Rio Grande, Thomas Bangs Thorpe wrote the further exploits of the Army of Occupation as it marched inland and captured the Mexican city of Monterrey. In the wake of his victories at Palo Alto and Resaca de la Palma, Taylor's army greatly expanded as volunteer brigades arrived. His forces moved upriver to secure Reynosa, Camargo, and Mier. He then marched toward Monterrey, capturing towns enroute, notably Ceralvo. On September 19, 1846, his vanguard arrived on the outskirts of Monterrey and discovered that the city was prepared for a siege. Taylor obliged them.
General William Worth took a division of troops and looped west to capture the road to Saltillo and cutoff any support. Additionally, he was ordered to capture the fortifications on the side of the city, notably the Bishop's Palace. Meanwhile, General Twiggs' division was ordered to take the fortifications on the east of the city. While Twiggs' forces were mauled by the interlocking batteries of multiple forts on the east, Worth secured his objectives with comparative ease. For three days, the battle raged as the Americans pressed toward the main plaza from both directions. General Ampudia, who had taken command after General Arista's back-to-back losses at the Rio Grande, saw that the city was lost. On September 24th, he requested parley and, once there was a ceasefire, used Taylor's reluctance to resume combat to secure additional concessions. Rather than surrender his army, he managed to march it out of the city with arms.
Though informative and containing first-hand accounts of all the American commanders of the action, it is far less engaging than the previous book. It is a dry recitation of the action, almost completely one-sided as there is little from the Mexican forces. There is a lot of repetition. Thorpe offered a chapter on the negotiations for the surrender - which included the terms - and then the details of the surrender show up again later as a document. This goes for officer deaths too. During his account of the battle, he will mention how this officer was killed. Later, in the obituary section, he details that officer's life and how he died. Later, in the accounts of the various commanding officer, that death is again detailed. Enough already.
As he had already provided a look at culture, architecture, fashion, cuisine, etc. in his previous book, he barely touches on these here. Likewise, his travelogue account of Matamoros is not duplicated for Monterrey. This is much more of a campaign account, lacking the breadth of the previous book. Worthwhile to the student, but dreary otherwise. Like Our Army of the Rio Grande, this book is long out of copyright and available for download here.
Blake's 7 (series 3)
The battle between the Federation and the alien fleet from the Andromeda galaxy has been won but the Liberator is in dire straits. The life support fails and the crew abandons ship. Avon (Paul Darrow) finds himself on a Medieval planet where the natives have a prophecy of invaders falling from the sky who must be killed. Luckily, Avon is rescued by Dayna (Josette Simon), the daughter of a one-time rebel from Earth who is hiding on this planet. Vila (Michael Keating) is on a different planet where the primitive people fear and avoid the 'high techs.' When Vila is captured by a high-tech hunter, he is baffled by their fear. For a while, at least. Cally (Jan Chappell) was picked up by a neutral hospital ship. News is that Jenna was injured but has survived. Blake is missing. In the meantime, Liberator has been self-repairing and, per instructions, seeks out the crew to teleport them aboard now that life support is restored. Avon arrives with Dayna to find that a contingent of Federation troops have boarded, led by a snooty fellow named Del Tarrant (Steven Pacey).
The war cost the Federation 80% of its fleet and has left it crippled. With Blake absent, the crew of the Liberator is free to wander the stars in an epidsodic fashion. However, as the series progresses, it becomes clear that Servalan (Jacqueline Pearce) is doing a surprisingly good job of reconstructing the Federation. Perhaps they should resume the fight against the Federation.
The absence of Blake nixes a lot of the purpose of the crew. Initially, the story is survival in the wake of the war. Then there are the random encounters of flying through space. A few episodes that explore the past of this character or that character. Finally, the show moves back toward the weekly showdown with Servalan and the Federation. As such, it is a hodgepodge of a series.
Tarrant and Dayna are poor substitutes for Blake and Jenna. Tarrant is so over-inflated with ego that it's a wonder he doesn't float to the ceiling. He is meant to replace Jenna as pilot and Blake as idealist. Despite being shown up on several occasions, he develops no humility. He acts without thought, a reversal of the cautious and analytical Avon. Avon's clashes with Tarrant are a pale reflection of those with Blake. Worse still, Avon virtually cedes command of the Liberator to this blowhard. It's almost like the scripts were written with Blake still present and Tarrant just got the lines with a little tweaking. Weak. As for Dayna, she is introduced as a weapons' specialist and master combatant. These skills come and go depending on the needs of the script. Her desire to kill Servalan, who murdered her father in the series opener, is easily restrained despite numerous opportunities to exact revenge. I guess she isn't that eager to avenge her father.
Of note, the series proposes that the whole of the Milky Way galaxy has been mostly explored and colonized. The Liberator crisscrosses the galaxy regularly. However, this doesn't mesh well with how the technology is explained. How fast is "Standard by Twelve?" How is it that Avon, Vila, and Cally abandoned Liberator in the series premier from the same spot but landed on vastly different planets in different star systems?
The series ends with news that Blake died in the aftermath of the war, the destruction of the Liberator, and the apparent death of Servalan. In fact, this was meant to end the series, but it came back for a fourth series. In that case, here's another cliffhanger.