Bad Bonds?

Recall that Michigan State University agreed to pay $500 million to victims and associates of Larry Nassar’s sex abuse victims while he was pretending to treat our women gymnasts’ injuries.

Now the school intends to float bonds to raise the money to pay the bill.

Were I an investment advisor—which I’m not, nor do I play one on the radio—I’d advise against buying these bonds; I’m not satisfied Michigan State will be able to pay them off in the end, even with OPM.

Self-Defense

The People’s Republic of China did this to our aircraft in Africa, too.  And, yes, it’s the PRC.  No one else, save us and possibly Russia, have this capability.  Russia isn’t in the East China Sea.

Lasers have targeted pilots of American military aircraft operating over the western Pacific Ocean more than 20 times in recent months….

Officials said all of the incidents occurred in and around the East China Sea, typically where the Chinese military or other Chinese civilians operate. The laser signals directed at American aircraft appeared to be coming from fishing boats operating in the area and from shore….

The Supremes Get One Right

The Supreme Court ruled Friday that authorities generally need a search warrant before they can obtain broad access to data that shows the location of cellphone users, a decision that sets privacy boundaries in the digital age.
The court, in a 5-4 opinion by Chief Justice John Roberts, cited the Fourth Amendment’s guarantee to be free from unreasonable government searches.

And

We decline to grant the state unrestricted access to a wireless carrier’s database of physical location information[.]

Yewbetcha.

AHPs

Association Health Plans are new plans that, by regulation, allow small businesses to band together across industries and state boundaries to form health insurance buying consortiums.  Using this larger size-generated buying power, they should be able to acquire cheaper, better tailored, more flexible plans for their employees, plans that those employees actually will want.

However.

The left says association plans are junk insurance that will blow up ObamaCare.

Some AHPs likely will be; that’s a fact of life in any market, free or centrally planned. However, a free market is self-regulating and quickly so; junk plans will be few and far between.  Blow up Obamacare?  That’s win-win.

A Proposed EU Budget

French President Emmanuel Macron and German Chancellor Angela Merkel have agreed a proposed EU budget.  As you might expect, I have a question.  One of the points of agreement is the purpose of the “single eurozone budget” they want to create:

The EU will set up a single eurozone budget to boost investment and promote economic convergence among all 19 member states.

What does this purpose statement mean, exactly?  Who will pay into the budget and in accordance with what parameters?  Who will pick the investments to be supported and on what basis?  On these two matters, details are yet to be worked out, certainly; it’s early in the process.

Why Should There Be a Cap?

Scott Atlas wrote in a recent Wall Street Journal that all of us should have access to health savings accounts, instead of just the few well-off among us who can afford the high deductible health coverage plan that’s currently a prerequisite for having an HSA.  He also wants to raise the cap for contributing to one to $7,350 per year.

He’s on the right track, but he stopped short.  Why should there be a cap on HSA contributions?  Why can’t we contribute as much or as little as we want instead of what Government will permit?

The Pope

…gets another one wrong.  If he was accurately quoted by ANSA (Agenzia Nazionale Stampa Associata, an Italian news agency) and by the SIR agency of the Italian bishops’ conference—or by CRUX, which claims the quotes—that is.  They quoted him as

denouncing the pre-natal tests that can result in parents choosing to terminate a pregnancy if the fetus is malformed or suffering other problems.

The Pope is aiming his fire at the wrong target.  Families intending to have the baby rather than abort it could benefit from pre-natal tests that find that the “fetus is malformed or suffering other problems.”  Such foreknowledge would give the family months in which to prepare financially, emotionally, physically, to join/generate support groups, all to increase the family’s ability to receive and nurture the baby.

Child Abuse, Continuing

In the ongoing dispute over separating children from their illegal immigrant parents (OBE with President Donald Trump’s EO ending the practice) Progressive-Democrat Senator Bob Casey (D, PA) said this:

Infest? We’re not talking about insects, these are children!  You are talking about kids who are scared, alone and being held in cages. You have the power to stop it, do it.

Casey isn’t talking about children, though, he’s talking about weapons he and his Progressive-Democrat fellows want to use for their personal political gain. These are not children in Progressive-Democrat eyes, they’re just mechanical tools for them to use.

Privacy!?

You ain’t got no privacy.  You don’t need any stinking privacy!

Using facial recognition software in combination with image storage houses like drivers license databases can be highly useful in tracking down criminal suspects.

But the combination can be highly dangerous, too, as this attitude by Joseph Michael, Washington County Deputy State’s Attorney in Maryland, demonstrates:

the expectation of privacy ends when you sit down and smile at the government desk.

Pinellas County (FL) Sheriff Bob Gualtieri argued

Child Abuse

We have children being separated from their parents as those parents are detained for their illegal crossing of our border, their illegal entry—some might say break-in—into our nation.  Some point out that many of those children, the ones who arrive unaccompanied, were callously separated from their parents by their own parents in their country of origin.  Others point out that many of those allegedly accompanied children are not members of a family unit but are simply pawns of drug and human traffickers being used to facilitate those traffickers’ illegal entry.  There are, though, many children/parent family units that have parents detained for their illegal entry and the children separated from them rather than being locking up, too.