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.
