Tag Archives: responsibilities

St Louis Fed Fails

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The St Louis Federal Reserve Bank is busily going woke (my term, not Belongia’s and Ireland’s). They describe the following failure of the St Louis Fed:

The Federal Reserve Bank of St Louis is in the early stages of creating an Institute for Economic Equity “to support an economy in which everyone can benefit regardless of race, ethnicity, gender, or where they live,” with an emphasis on “economic outcomes experienced by historically marginalized groups.”

This is a two-pronged failure, and a double disaster if it comes to fruition. By its own description, the St Louis Fed’s IEE is racist and sexist at its core. Beyond that, by pushing outcomes rather than opportunities, the IEE is fundamentally socialist.

And what does the drive to create such an office say about the St Louis Fed’s president and board members?

Aiding and Abetting

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In response to the ransomware attack against JBS USA Holdings that briefly disrupted some of the company’s Australian and American operations, JBS paid the hackers $11 million—more than twice that paid by Colonial Pipeline in its cowardly reward to its attackers.

JBS paid those $11 million dollars in its own craven reward for its own privilege of having been hacked.

In many—most?—milieus, aiding and abetting a criminal in the performance of the criminal’s activities is a felony.

It needs to be one here, too. Rather than compensating ransomware hackers—which compensation is directly, if not solely, responsible for the current sharp rise in ransomware attacks—these criminals need a different sort of reward, one that withdraws current criminals from the board and that discourages others from deciding to play.

Some Words on Timidity

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RR Reno, editor of First Things, had an interesting op-ed about why he isn’t interested in hiring graduates of our Ivy League schools. His disdain wasn’t so much for the woke activists effectively running those schools as it was for the rest of the pupils (my term; his more generous one was “students”) there [emphasis added].

Student activists don’t represent the majority of students. But I find myself wondering about the silent acquiescence of most students. They allow themselves to be cowed by charges of racism and other sins. I sympathize. The atmosphere of intimidation in elite higher education is intense. But I don’t want to hire a person well-practiced in remaining silent when it costs something to speak up.

The same applies to existing CxOs of our businesses who show themselves too timid to speak against the woke, or against anything else in which they do not believe. If they’re that timid, how can the companies they run be expected to compete—domestically or globally?

Those meek, acquiescent pupils? Look at the example set for them at those schools: the meek, acquiescent persons of the schools’ administrations, who have spent the last several years, if not their professional lives well-practiced in remaining silent when it costs something to speak up against their woke activist pupils. That studied [sic] timidity doesn’t excuse the silent pupils’ own timidity (their peers provide a different example), but those…administrators…with their example make their timid charges’ paths that much harder.

Privacy—and Trust

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Parents of children in the People’s Republic of China have a new “aid.”

ByteDance is peddling a “study lamp” that lets teachers and parents constantly monitor children, ostensibly while the children are doing their schoolwork.

The lamps come equipped with two built-in cameras—one facing the child and another offering a bird’s-eye view from above—letting parents remotely monitor their children when they study. There is a smartphone-sized screen attached to each lamp, which applies artificial intelligence to offer guidance on math problems and difficult words. And parents can hire a human proctor to digitally monitor their children as they study.

What else, though, is ByteDance monitoring, what other data is ByteDance collecting about the kids, the things they’re doing, with whom they’re doing it, parents’ handling of their kids? And passing it on to the PRC’s intelligence community under that 2017 law?

There’s also the question of trust. Not trust in Big Brother—or Uncle Xi—but trust between children and parents, and the ability of children to trust at all. What message are parents sending to their own children when the parents—and other authority figures, known to the children to be there at the parents’ request—insist on being, constantly and immediately, over the kids’ shoulders to be sure those kids are behaving properly? That the kids are fundamentally untrustworthy, maybe? That they’re unworthy in some way?

And there’s the creation of dependency on instant answers.

Some Chinese media outlets and parents have also criticized the idea of placing an interactive touch screen in front of children as they study, warning that the lamp would make children accustomed to seeking easy answers from technology.

And what brave new world for us when ByteDance brings these…devices…to America?

Arrogance and Cowardice

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Texas’ Progressive-Democrat State congressmen have joined Wisconsin’s Progressive-Democrat State congressmen and Indiana’s Progressive-Democrat State congressmen in their abject cowardice, masked by their o’erweening arrogance.

In order to block legislation of which they personally disapprove, they’ve run away from the State’s House of Representatives explicitly to deny a quorum and to block a bill that would expand access to the ballot box while also expanding the sanctity of each Texas citizen’s vote.

Texas Democrats walked out of the state House’s chamber just before midnight on Sunday to deny Republicans the quorum needed to hold a final vote on a controversial bill that would tighten voting laws in the state.

This has been all too typical of the Progressive-Democratic Party over the last several years. If they can’t get their way, they block democracy—especially our republican form of democracy—altogether with their cowardly and toddler-esque temper tantrums.

Or they rule with their pen and phone. Or, when they’re in complete control, they simply ignore all others and act unilaterally. Or as President Joe Biden (D) has said, repeatedly, regarding the spendiferous and tax exploding bills Party currently is ramming through, he’d like to have Republican bipartisanship, but if they won’t come along, he and Party will act alone.

This instruction from the State’s House Minority Leader Chris Turner (D, 101st District (centered in Tarrant County) says it all.

Members, take your key and leave the chamber discreetly. Do not go to the gallery. Leave the building.

Do not go to the gallery. Slink away through the back door and alley. Do not face Texas’ citizens.

Keep in mind, too, that this isn’t the first time that Texas’ Progressive-Democrats have run away from their duties.