This reminds me, today on WIsconsin’s opening day of fishing season, of the Wisconsin Dept of Natural Resources. Last year they literally watched a 10 year old kid fishing at the country park, through binoculars from a boat across the lake. Children don’t need fishing licenses. But Mom came to check on him, he had to go to the bathroom and Mom watched his bobber for 5 minutes. The moment she touched that pole the wardens launched their holeshot, rocketed across the lake and fined her almost $200 fishing without a license.
The key difference is that there’s no political constituency for DNR wardens and harvesting tickets. They’re just being dicks without pleasing anybody.
When attending the coronation of Edward VII, one peeress noted with envy that the duchess next to her had smuggled in a small packet of sandwiches to get her through the long ceremony.
I could tell you stories about a particular game warden here but suffice to say he’s the same kind of asshole. Every other one I’ve met is a decent guy.
Uncle Thomas is a f$cking Supreme Court Justice; and he claims not to understand filing instructions.
Too bad the Senators didn’t ask him to read and explain a couple documents during his confirmation, they would have learned right then that he is the dumbest MF ever put up for a seat.
I just want to warn everyone here, and all pollsters and political commenters everywhere…
It is way premature to say “Bootsy is toast” because of something he did or said, or he was particularly spineless and weak about in the face of a Chump attack.
There is no vile deed, no act of cowardice, no spineless response nor desertion of principles which will ever hurt an R candidate. We have seen it proven in the last decade, 1000%. Joining with Ds or photographic evidence with a live/dead boy are, perhaps, the only fatal missteps.
This is true, but being generally thought to be a loser, especially by the political press, feeds upon itself. It’s a vicious cycle that will be hard for “Meatball Ron DeLoser” to break out of.
I’ve always suspected that central banks and their chiefs have never been on the side of the common man.
But relying on central bank rate rises in the current situation is folly for another reason: the reality of the climate crisis, which now greatly complicates the task of central banks and policymakers. One reason is obvious: higher interest rates considerably slow down the renewable energy transition. This happens in two ways.
First, newly applied renewable energy technologies, which have relatively large front-loaded costs, are more competitive (relative to the already installed fossil fuel technologies) only when interest rates are low.
Engineering studies show that the levelized cost of electricity (LCOE) of solar photovoltaics (PV) and wind onshore will increase by 11% and 25%, respectively, if interest rates are 4-4.5% (rather than around zero). Investments in new renewable energy capacity are thus only viable if market prices allow them to earn their full LCOE.
Estimates by the International Energy Agency suggest that the LCOE of a gas-fired power plant would increase by about 4% if interest rates were to increase from 3% to 7%, whereas that of offshore wind and solar PV (utility scale) could rise by more than 30%.
Second, high interest rates shield legacy oil and gas producers from the competition of up-and-coming low-carbon energy producers. They will enable oil and gas giants to continue to maximize revenues from their decaying, sun-setting assets; oil in particular can keep charging more and more for less and less for a long time.