Thursday, June 11, 2009

Views and Ideas - North Korea, Voter Fraud and Eric Holder, OnlineGambling

  North Korea’s continued Threats meant to provoke a Confrontation, distract from crumbling government of Kim.

  North Korea’s Kim is a laughingstock in the world community, scorned, disdained, should be dressed in Joker’s costume….except he has nuclear technology. How did he get it? Mainly from Pakistan, but the missile help also came from Iran and China, maybe even indirectly from Russia.

  Kim’s apparent psychological profile indicates a narcissistic, somewhat paranoid personality (“everybody’s against me”). Kim has figured out that Agreements don’t matter except as tools for subterfuge, further negotiations to obtain more aid, more food,more, more, more. United Nations resolutions are laughable in their ineffectiveness, lack of enforcement by world community, who fear that they may soon hear the bell ringing for them to correct their excesses in human rights, genocide, slavery, drugs, and other offenses.

  One significant scare is the Kim is so irrational that when he is really pressed to behave, to conform, and sees no way out, that he would make the “Blaze of Glory” decision, shoot off whatever he has, provoke as much destruction as he can. Kim is definitely the type to rather die than be removed or impeded by anyone.

  Eric Holder and Voter Intimidation; failure to prosecute Panthers, Acorn and others shows bias, even racism.

  Attorney General Eric Holder’s failure to properly prosecute the Black Panthers, Acorn and other who work to defraud or intimidate the voting process shows clear bias. I suspect that Holder’s attitude more reflects the “don’t snitch” mentality than it does his Oath of Office.

  And where is the ACLU. the self-proclaimed “citizen’s defender” of Constitutional Rights? If situations were reversed and a white Attorney General’s failure to prosecute the Klu Klux Klan, or others for similar offenses were being highlighted and exposed, there would be civil rights demonstrations all over the place.

  Selective enforcement is rightfully decried by believer’s of Constitutional “justice for all.”

  If a judge’s Recusal can be justified on the basis of bias, can’t we consider a Recall of the Attorney General, or call on President Obama to dismiss Holder for failure to perform under his Oath of Office?

  American Official Attitude Towards Gambling is Laughable

  I have traveled, and gambled in over 20 countries around the world. MacaoLas Vegas , Atlantic City, London, Frankfurt, Indonesia, New Zealand, Philippines, Brazil, Aruba, and more. In most countries, gambling of all types is allowed, even if licensed, taxed, and controlled.

  In almost all cases the governments do not own gambling rights, but licenses their availability, except in America where state governments are so vested in protecting their “taxes” -and that’s what most low-end gambling is (slots, scratchoffs, lottery, bingo, whatever), that rational consideration of the forms of gambling entertainment enjoyed by others- table games like Poker, Blackjack, Roulette, Pai Gow, and many others, selected and enjoyed by different customers for different reasons, are rejected.
  Lower income slots and lottery players are targeted by states precisely because of their desire for entertainment,precisely because this type of gambling is the most economical to install,manage and control…and tax. Tax rates for slots and lottery, including scratchoffs are the highest, because they are the most profitable. Example? A “street” three digit bet -a Pick Three- odds are approx 900 to one.  Maryland, like other states pays only 500 to one. The difference? State profit (read taxes).
  That, my friends, is state cynicism at it’s best.

  In Maryland, my home state, slots proposals were so screwed up by the state legislative desire for strict control to satisfy religious groups that  the state is being sued by one bidder, and bids weren’t received for some state-selected locations because of doubts about the fees and level of taxes. The state knew that this was the “nose under the tent” for gambling, even legislative whispers expected legislation within a year or two to expand the scope of gambling to include “entertainment gambling” the type enjoyed by more upscale consumers who want a good meal, some entertainment by major acts; in other words the type of gambling seen the world over.

  Many voices, including mine were able to suggest the four or five best locations that were rational, most attractive to Visitors who wanted them as entertainment, and offered the most profitability (translate tax revenue”) for the governments.

  Now, the federal gambling aspect. From the Wall Street Journal article:

   “U.S. Deals Blow to Online-Poker Players.”

  The gist if this piece was Federal authorities in New York froze the bank accounts of 27,000 Online Poker players, worth over $34 million. Rep. Frank has introduced legislation that would legalize and regulate Interstate gambling. Good for him! It will be one of the few things he can do to make up for his egregious mistakes (along with others), some Trillions of dollars worth.

  The real key will be how to control gambling sites located outside the U.S. . They shouldn’t be licensed for U.S. business without strict regulation and onsite “Gambling Commission” regulators, qualified to detect and prevent the kinds of computer cheating that some sites allow, even engage in. One site is reported to have cheated players out of $24 million,maybe more. Other do the same.

  I don’t know why I’m surprised, even though gambling in and of itself is mind-bogglingly profitable, companies who cheat their players get even more.

  Las Vegas used to say, ‘We love big winners! They go home, tell all their friends, and pretty soon we’ve got all that back and more.”

  Let’s get Online gambling, fully vetted and regulated, only taxed as other corporations are (taxes are another column!), and let the free marketplace  perform it’s magic.

  The Internet is the way to provide more entertainment to more people, and continues to drive innovation in every aspect of world society, almost always for the better.

Posted by Mediaman at 21:02:39 | Permalink | No Comments »

Tuesday, June 9, 2009

Thoughts on Little and Big news items from everywhere

Ambien CR Commercials:

Doesn’t everybody go to bed with lip gloss on? Particularly light sleepers and insomniacs? After all, who knows when they could get “lucky” and meet a strange Rooster?

Guantanamo POW Base

Guantanamo is our 100 year leased naval base in the Caribbean; we need that base. It is now used to house terrorists that we have captured in firefights, skirmishes, counter-insurgency actions, mainly in Iraq and Afghanistan. There are others there, captured by our allies that we have taken control of, and more of those overseas in friendly countries.

The main point is that these ARE prisoners of our Declared War on Terrorists, whose leaders are Al Qaida, whose proxies include the Taliban and 4 or five other similarly motivated groups.

We owe no apology to anyone for our treatment of these terrorists. The fact that they don’t wear uniforms makes them no less soldiers; makes the fights no less fatal to our soldiers; makes our absolute justification for responding to terrorist attacks no less important for the time and distance necessary to punish those people.

In fact, we should repatriate these prisoners to the countries from which they were taken; they should be imprisoned there under the Geneva Conventions. They should be released when the war is over, or when the host country  determines. We can help control unjustified releases with agreements with the hosts.

Oh, and I don’t care about those who bemoan that some other country’s sense of justice is less considerate than ours; these people are terrorist soldiers, they did try, and in many cases succeed in killing Americans, over three thousand just in Iraq, Three Thousand in September 11 attacks, Somalia, Nigeria, Saudi Arabia, and on and on.

Chrysler and General Motors Bailouts

Forcing an illegal,Constitutionally prohibited Bankruptcy Settlement on Chrysler and General Motors ,favoring Unions over Secured Creditors is just wrong. I hope the Pension Funds succeed in blocking the Bankruptcy package that allows the Fiat takeover. I hope Chrysler undertakes a different bankruptcy according to the law. I suspect the reason that they didn’t is because Chrysler would be liquidated, not reorganized. No other company wants the labor and other legacy issues associated with a second class auto manufacturer. (Whither the politics of hedge fund lobbying?)

In General Motor’s case, it’s a bigger version of the same thing, perhaps though General Motors and it’s surviving brands have a chance. But, there are enough venture capital funds to finance the deal in a normal bankruptcy, just not one that tries to save union jobs, union benefits, and other restructuring participants that shouldn’t be saved at the expense of pension funds and other bondholder investors who trusted the system to preserve their status. The unions and GM’s management are justly compared to the Wall Streeters who engineered bad financial products, sold them to their shareholders and outside investors, and now are looking around saying “Who? Me?” to explain or excuse their behavior.

America’s free market system can absorb the effects of even major bankruptcies; there’s plenty of capital available for the opportunities in restructuring.

Let’s give capitalism a chance, but not at taxpayer expense.

Posted by Mediaman at 21:02:32 | Permalink | Comments (1) »