Tag Archives: culture

Personal Responsibility

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This is a core tenet of our federal republican democracy—the concept that us American citizens are the ones primarily—and most often solely—responsible for the outcomes of our decisions and our actions. This is a tenet that applies just as firmly in our fundamentally capitalist economy to our businesses. In particular, for this post, it applies to our banks, large, small, and in between.

Or, it should apply. Dangerously, our banks, particularly our small and mid-sized banks, would be relieved of that responsibility under legislation that Tennessee Republican Senator Bill Hagerty, who should know better, and Maryland’s Progressive-Democrat Senator Angela Alsobrooks, who is merely acting on her party’s big and bigger government bent, are proposing. That legislation would raise the FDIC’s deposit guarantee from $250,000 per depositor’s account to $10 million.

The editors of The Wall Street Journal have the right of it on this one.

The truth is that a higher insurance limit will increase moral hazard and make the banking system less sound, which will hurt all Americans.

Because

It would also encourage more risk-taking since banks will have to worry less about runs.

Massachusetts’ Progressive-Democrat Senator Elizabeth Warren as recently as 2023:

We have to do this because these banks are under-regulated, and if we lift the cap, we are requiring—or relying even more heavily on the regulators to do their jobs.

Here is the monarchist Party’s purpose revealed and now pushed by Alsobrooks: an ever more intrusive and controlling central government.

The proposed legislation is an idea whose time never will be, and the proposed legislation needs to be scotched in committee, if not before.

Wrong Answer

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A study of Purdue’s entering freshmen class of 2018 indicated that women freshmen who didn’t get their preferred class on registration were significantly less likely to graduate in four years than were their women counterparts who got their preferred class on registration. (There was no significant effect for that year’s male freshmen, but that’s neither here no there for this post.) Leave aside the various limitations of this study; focus on the particular outcome.

This is a conclusion of one of the study’s authors, Kevin Mumford:

Our estimates suggest that reducing course shutouts, particularly for STEM courses, can be an effective way to improve female-student outcomes[.]

No. Lowering standards—which is what “reducing course shutouts” amounts to, if only through increasing the class sizes of those courses that are in such demand—is not the way to improve women’s graduation rates.

The answer is insultingly wrong, too, suggesting as it does that women students need to be coddled in order to function in college.

What is necessary is to take steps to help these women overcome a disappointment that doesn’t bother men by helping them identify classes that are effective substitutes of their preferred class, classes that cover the same subject with a different professor, or is in a different section under the same professor, or take the preferred class in a subsequent semester, or….

“Is Britain safe for Jews?”

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That was the opening sentence of the lede—the lede of the lede, if you will (or even if you won’t)—of the opinion piece in Sunday’s Wall Street Journal. The next sentence laid out the case:

On Thursday authorities in Birmingham, the country’s second-largest city, prohibited the fans of an Israeli soccer team from attending a match next month, even though the threats to cause trouble are coming from locals.

The game in question is scheduled for early next month as part of an international soccer tournament, and the Israeli fans have been barred because they might be victims of violence rather than perpetrators of it. A test, as instructive as it would be interesting to see, is whether British soccer teams and especially the teams’ owners will boycott those tournament’s games that are played in the UK, refusing even to take the pitch until Birmingham undoes its support for thuggery or until the British government overrules Birmingham’s instance of antisemitic bigotry.

Those locals, as the opinion expands, are primarily Islamists. Birmingham, and by extension the British government, through its studied inaction on the ban, so far indicate that they favor Islamist thugs and their thuggery over Israeli soccer fans and British non-Muslim subjects.

If neither government acts, then no, Britain is not safe for Jews, and that would be by British government, both local and national, design.

That would be beyond sad, it would be disgusting and despicable. The cradle of government by consent of the governed and of individual liberty would no longer be fit for civilized or even merely polite company.

Irony Meter Pegged

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Here’s the lede:

Human-resources professionals are pulling out of their marquee conference on inclusion and some have canceled their memberships in SHRM, the industry’s chief lobbying group, after the organization invited conservative activist Robby Starbuck to speak.

And the caption of the lead image:

SHRM President Johnny C Taylor Jr says the group tries to showcase diverse points of view.

Imagine that. An HR organization that makes a point of diversity of views is losing membership because the organization invited a speaker with a view that diverges from HR “professionals'” orthodoxy.

Just one more example of “diversity” hypocrisy.

There’s More To It Than Just Race

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The Wall Street Journal‘s editors opined recently on race-based gerrymandering. Their second paragraph was this:

In recent years, the Justices have considered challenges to maps in Texas, South Carolina, Alabama, and Louisiana. They punted last term on deciding the Louisiana case (Louisiana v Callais) that they will reconsider Wednesday. They will also take up the question of whether the intentional creation of majority-minority districts violates the Fourteenth Amendment’s Equal Protection Clause and the Fifteenth Amendment’s prohibition against abridging a citizen’s right to vote based on race. The right answer is yes.

The editors are absolutely right on this.

They missed a Critical Item point, though, as they closed with this:

The Justices would do the country and themselves a favor by correcting the Gingles error and declaring that the Constitution forbids race-based map-making. As the Chief wrote in a 2006 redistricting opinion, “it is a sordid business, this divvying us up by race.”

Here’s the Constitution on citizen representation in our Federal government.

Article I, Section 2:

The Number of Representatives shall not exceed one for every thirty Thousand, but each State shall have at Least one Representative….

14th Amendment, Article 1:

No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

14th Amendment, Article 2:

Representatives shall be apportioned among the several States according to their respective numbers, counting the whole number of persons in each State, excluding Indians not taxed.

Our Constitution also forbids political party-based (faction-based in the Founders’ terms) map-making. Our Constitution also takes clear precedence over statutes, including 1965’s Voting Rights Act requiring racial gerrymanders or putative statutes allowing gerrymandering by political party.

What our Constitution does require, and all that it requires, is that Representatives’ districts have substantially equal populations of American citizens.

Full stop.