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Harvard ‘Shock’ Study: Each $1 Minimum Wage Hike Causes 4-10% Increase In Restaurant Failures

(So much for the magical ‘this won’t hurt management or the owners’ argument regarding State Socialism – Guffaw)

A ‘shocking’ discovery was made when a pair of researchers at Harvard Business School decided to analyze the impact of higher minimum wages in San Francisco on restaurant failures…hint:  they went up.

Entitled “Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit“, this latest study on the devastating consequences of minimum wage was conducted by Dara Lee Luca and Michael Luca and concluded that each $1 increase in the minimum wage results in a roughly 4-10% increase in the likelihood of a restaurant going out of business.

In this paper, we investigate the impact of the minimum wage on restaurant closures using data from the San Francisco Bay Area. We find suggestive evidence that an increase in the minimum wage leads to an overall increase in the rate of exit.

This paper presents several new findings. First, we provide suggestive evidence that higher minimum wage increases overall exit rates among restaurants, where a $1 increase in the minimum wage leads to approximately a 4 to 10 percent increase in the likelihood of exit, although statistical significance falls with the inclusion of time-varying county-level characteristics and city-specific time trends. This is qualitatively consistent but smaller than what Aaronson et al. (forthcoming) find; they show that a 10 percent raise in the minimum wage increases firm exit by approximately 24 percent from a base of 5.7 percent. Differences in sample and specifications may account for the differences between our study and theirs.  (from ZeroHedge, in part)

link to the whole article and graphs

…And while we enjoy the affirmation of a conclusion that we’ve presented multiple times from such a reputable organization as Harvard, one which pretty much anyone could deduce with the application of just a moderate amount of common sense, for some reason the following scene from “Good Will Hunting’ comes to mind.

“You dropped $150,000 on a fucking education you could’ve got for a $1.50 of late charges at the public library.”

h/t Facebook

Things That Make One Go “Hmmm”.

(As posted on The Grey Enigma)

Some Pacific Islanders Have DNA Not Linked To Any Known Human Ancestor – All That Is Interesting

Children from the village of Hanuabada play cricket in the streets on February 24, 2012 in Port Moresby, Papua New Guinea. Most everyone knows that the islands of the South Pacific are some of the most remote and unique places on Earth, but a new study reveals just how unique they really are.According to a report from the University of Texas MD Anderson Cancer Center in Houston, researchers have found traces of a previously unknown extinct hominid species in the DNA of the Melanesians, a group living in an area northeast of Australia that encompasses Papua New Guinea and the surrounding islands.A computer analysis suggests that the unidentified ancestral hominid species found in Melanesian DNA is unlikely to be either Neanderthal or Denisovan, the two known predecessors of humankind to this point.

Source: Some Pacific Islanders Have DNA Not Linked To Any Known Human Ancestor – All That Is Interesting

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An addendum to that whole ‘the science is settled’ thing.

We thought we knew about the origins of mankind.

Obviously not.

Just In Time For Your Pre-Election Festivities…

The Silicon Graybeard (not a wild-eyed conspiracy guy!) brings us (in part)

Fiat Justitia, et Pereat Mundus

Translates as “Let justice be done, though the world perish”.  Apparently it’s not really a phrase from the Roman Empire but from a book in 1563.   Wikipedia says:

This sentence was the motto of Ferdinand I, Holy Roman Emperor, probably originating from Johannes Jacobus Manlius’s book Loci Communes (1563). It characterizes an attitude, which wants to provide justice at any price. Its first documented use in English literature was about half a century later.

Hat Tip to The Arts Mechanical for this information, in a piece called Nightmare Fuel, and it really is reading that’s not for the squeamish.  He, in turn, links to a number of sources that are reporting on the truly disgusting things going on in Clinton Foundation’s universe.  First a link to True Pundit:

BREAKING BOMBSHELL: NYPD Blows Whistle on New Hillary Emails: Money Laundering, Sex Crimes with Children, Child Exploitation, Pay to Play, Perjury

It’s. Not. Just. Bill.  It’s all of them.  From Reddit’s The_Donald forum :

BREAKING: I believe I have connected a convicted child abductor who was caught stealing children in Haiti with the Clintons
(…)
But wait!  There’s more! (Sickeningly)
I truly believe the Clintons and their entourage to be evil.  Morally bankrupt.
Even if none of the above allegations (many courtesy of Wikileaks) are based in fact.
Humans want to believe the worst about persons whom they already despise.  It makes it easier to put them in the why would I want to elect THEM column.
You should really go and read the whole blog post before casting your vote Tuesday.
Not forgetting about Benghazi, the Clinton Foundation, Hillary’s gun control plans, the illegal sale of plutonium to Russia, arming ISIS, the countless mysterious deaths and intimidations, Bill’s serial rapes…
(I could go on – but I have to go take some Pepto now.)
This does NOT mean I am actively supporting the Republican candidate!  He may be a pig and has used inappropriate language, and at best is a populist (see Huey Long)
Libertarians?  Two governors with scant international experience?  One of who is a rebranded, gun-controlling Democrat?!  And the Presidential candidate supports global-warming taxes?!
(I’m not even mentioning the Greens or the Commies…  I know, I’m being redundant)
So VOTE.  Vote not with your heart, but with your brain.
THE REPUBLIC’S SURVIVAL DEPENDS ON IT.

Dollars To Doughnuts?

(from TFB, in part)

doughnuts

It appears that those field tests for meth might not be as reliable as we all might have thought. A Flordia man was jailed after a loose flake of icing from his bi-weekly Krispy Kreme glazed doughnut tested positive for methamphetamine.

I know Krispy Kreme’s doughnuts are good, but test positive for drugs good?

When police pulled Dan Rushing over for speeding, they found a small piece of icing on the floor of his car during a search. The little piece of icing wasn’t even large enough to cover a pinky nail, officers then used a Safariland field test to determine if it was meth or not. According to an article by WFTV 9, the icing tested positive as meth not once, but twice.

Rushing was held for around 11 hours as well as strip searched as a result of the icing testing positive. There was no mention of if the charged were dismissed or he was released on bond, but shortly after The Flordia Department of Law Enforcement tested the icing in a lab, determining that the “meth” was in fact glaze.

No word at this time from Safariland as to why they tests failed to identify the icing as not meth or how they plan to respond to being sued. My question is how did these officers mistake doughnut glaze for meth, given their profession they should be familiar with the substance. It had to be said folks.

Click HERE for more on WFTV 9’s website.

Yeah, no eating doughnuts in my car, anymore.  I don’t need the hassle.

Besides, I’m diabetic, and should minimize consumption of such things!

There Is No Fourteenth Amendment!

I ran across this posting on Free North Carolina.  I don’t know if I’m smart enough to do the requisite research needed to confirm or deny the premise.  But, it IS interesting!

I seem to remember a similar postulate made regarding the Sixteenth Amendment (Income Tax).

Wouldn’t it be interesting to find these premises to be true?

https://i2.wp.com/www.thepoliticalinsider.com/wp-content/uploads/2015/09/14thamend.jpg

David Lawrence, editor of the US News and World Report, argued in late September 1957 that the Fourteenth Amendment to the US Constitution was never ratified by the requisite number of States, and is therefore null and void. This amendment-by-duress has been used since 1865 as the basis for federal intervention into the constitutionally-specified authority of the individual States, both North and South.Bernhard Thuersam, http://www.Circa1865.com   The Great American Political Divide

The Fourteenth Amendment a Disgrace to Free Government

“A mistaken belief — that there is a valid article in the Constitution known as the “Fourteenth Amendment” — is responsible for the Supreme Court decision of 1954 and the ensuing controversy over desegregation in the public schools of America

No such amendment was ever legally ratified by three-fourths of the States of the union as required by the Constitution itself.  The so-called “Fourteenth Amendment” was dubiously proclaimed by the Secretary of State on July 20, 1868. The President shared that doubt.  There were 37 States in the union at that time, so ratification by at least 28 was necessary to make the amendment an integral part of the Constitution. Actually, only 21 States legally ratified it.

So it failed ratification.  The undisputed record, attested by official journals and the unanimous writings of historians, establishes these events as occurring in 1867 and 1868:

1. Outside the South, six States — New Jersey, Ohio, Kentucky, California, Delaware and Maryland — failed to ratify the proposed amendment.

2. In the South, ten States — Texas, Arkansas, Virginia, North Carolina, South Carolina, Georgia, Alabama, Florida, Mississippi and Louisiana — by formal action of their legislatures, rejected it under the normal processes of civil law.

3. A total of 16 legislatures out of 37 failed legally to ratify the “Fourteenth Amendment”. (…)

HERE’S A LINK TO THE ENTIRE POST, INCLUDING THE REMAINING SIX POINTS OF EVIDENCE.

And, as a side note, U.S. News and World Report used to be a middle-of-the-road, well-reasoned magazine, when David Lawrence was at the helm.

He passed in 1973.

Nothing To See Here – Move Along, Part Dos

from Wirecutter:

Two bullet casings that might have proven an FBI agent shot at Robert “LaVoy” Finicum apparently disappeared from the scene shortly after the Jan. 26 highway confrontation turned deadly, according to law enforcement sources and newly released police reports.

Five FBI agents assigned to the traffic stop told investigators that none of them fired at Finicum’s Dodge pickup after it crashed at their roadblock. Oregon investigators, however, concluded that one agent fired twice at the truck, hitting it once in the roof and missing on the second shot.
MORE
-Elmo

Evidence tampering?

Or just p*** poor CSI work?

Nothing To See Here – Move Along! (Part IV)

(from Brock Townsend)

Black Lives Matter Organizer Posts Guide To Riotwear…In Arabic

Via sauced07

BLM advice

A Black Lives Matter activist who was part of the Ferguson riots posted a visual guide to urban riot wear in both English and Arabic on Twitter.

The tweet is significant because it was posted by Ashley Yates, who uses the handle @BrownBlaze on Twitter. Yates is a prominent protest organizer in the Black Lives Matter movement who is an advocate for violence. The Guardian quoted her in 2014 during her involvement with the Ferguson protest:

More @ Breitbart
Yeah, I’m sure this means nothing.  Pay no attention to the protester in the hoodie – to pay attention would undoubtedly be racist or in-the-very-least religious discrimination!
Sheesh!

SHHH…It’s A Conspiracy!

‘Regular’ readers know I subscribe to the Conspiracy Theory of History.  Basically, stuff happens before, during and after an event that the ‘winners’ never bother to write down.

The sausage being made, as it were.

AND IF WE KNEW THE WHOLE TRUTH…

The latest in this meme involves the passing of the Associate Supreme Court Justice Scalia.

Because being a 79 year old overweight man means one couldn’t pass away normally…

died

There is an undercurrent on some blogs, which are conservative and libertarian in nature, that the Associate Justice was MURDERED.  Reports of a pillow case over his head(or head-adjacent)…

Now, I wouldn’t put it past certain elements of the progressive machine to wish such an event to occur, but…

Evidence would be nice.  Something…

(I think someone’s been re-reading The Pelican Brief.)

h/t Facebook

This Is My Shocked Face

eyeroll

As copied (stolen) from Joel:

Oh, good. I was really worried about that.

White House: Clinton Will Not Be Indicted Over Emails ‘Based on What We Know’

White House spokesman Josh Earnest said Friday that Hillary Clinton would not be indicted over her private email scandal “based on what we know from the Department of Justice.”

And since what we know is that she violated every known or even conceivable law and regulation on the subject of Classified Documents, Handling Of, I guess that’s that.

I’m so shocked that it even went so far. She’s such a sweet little old lady, why can’t those bad men leave her alone?

Also, the obligatory note that if you or I had done a tiny fraction of the bad things this sweet little old lady has done, we’d be in a supermax a long time ago and for a long time to come.

And, reportedly, she ‘apologized’, too!

Seems to me there was some General who did 1/100th of her security violations who is now serving time and paid a huge fine.  And many others.  But I guess I’m mistaken.

Well, I guess THAT’S over…

November 24, Seven Years Ago

(a follow-up to the November 8 post I Sometimes HATE Novembers, as promised…)

So, here I was, in my insurance-paid-for-rented-condo, about a mile North of my home, while contractors rebuilt it, after the drunk driver had hit it two weeks prior.  That’s what I get for buying a corner lot, off a street that zig-zags.  Drunks never caught that nuance, head straight for the alley, see the power pole, and crash into my back yard.

It had happened before.  Last time it was just the fence that was destroyed.

Good times…

I, of course, still had to go to work, pay bills, and check the mail at the house, all while surveying the excruciatingly-slow process of rebuilding the rear of my home and replacing the fence.

Thankfully (?) I was beginning to have more health issues (joy, joy) which meant I was missing more work. Which gave me the excuse to stop by and check the mail and the progress of the reconstruction more often.

And, it had been a couple of days since I had last checked the mail, and it was my birthday(!), so I thought I’d check the mail again.  Hell, there might be a birthday check from someone in the mail? 🙂

I pull into the driveway.  No contractors present.  This always bothered me, as this process was taking forever. Of course, mine wasn’t their only project.

(This had been a little over two weeks!)

AND THE SIDE DOOR WAS STANDING OPEN ABOUT TWO INCHES!

This alarmed me, as no one was around.  The door had been always locked and the extra key placed in one of those Realtor-access combination locks around the door knob.  Which was now nowhere to be seen!

I exited the car and drew my 1911 pistol.  (Yeah, I know.  All my training (which I had trained others to do many times before) was to leave the area to a relatively safe location and call the police to respond. After all, there may have been multiple armed intruders inside burgling my home!)

BUT, this was MY HOME!  And the training went out the window.  Sigh.

I slowly entered the kitchen, listening intently for any activity inside, pistol at-the-ready.  Then into the living room, bath and two bedrooms.  This was relatively quick, as it was a 740 square-foot house.

It was obvious someone else had been inside.  Someone NOT a contractor.  A home computer, portable television, stereo, some faux Samurai swords and a number of other items were missing.  Movers had taken many of the larger furniture items to put into storage prior to the reconstruction.  But I was told they were unable to take the gun safe, as they were prohibited from storing firearms.

They had removed the Dillon XL 650 reloading press from it’s mount, preparatory to the rebuild.  But had not put it into storage. (I guess it was gun-related).  It was gone.

And the 800 pound, Fort Knox gun safe was missing.  And this was on the floor…

20151106_165708 (1)

Someone obviously had pried off the combination dial and locking lever to open the safe.  And when that failed, THEY TOOK THE ENTIRE 800 POUND SAFE! 

Credit cards, spare checks, school transcripts, cameras, my birth certificate and over fifty firearms! Gone.

First, I called the insurance company, to see if they had perhaps authorized storage of the safe and it’s contents, and had inadvertently broken the locking mechanism somehow in transit.  Then, I called the mover and the police.

And was scolded by the 911 operator, as it was for emergencies only.   How was fifty+ firearms possibly out on the street was not an emergency?

Ultimately, the contractor, the storage guy, my insurance man and the police arrived on the scene.  I recounted my actions upon arriving multiple times for each of them.  And I was livid.  To keep me occupied (and busy and out of the way) the police advised me to make a list of what was in the safe, including all the firearms and serial numbers.

I knew most of their descriptions by heart, but the list (with Polaroids and serial numbers) was not around.  It was probably in the materials previously packed and moved to storage.

Fortunately, I still had many of the receipts and gun boxes, which were labeled on the edge with the numbers.

And set about making the list on a legal pad.

All parties were questioned.  The contractor’s employees all had cellular telephones they were required to keep with them at all times (for GPS tracking purposes).  And all passed the location test.

As if someone couldn’t have left the phone at home off-hours to do a burglary?  Or they told someone else?  Come on!  I never broadcast about the safe in my home, suddenly, after many strangers had seen it, it went missing.

After six months, the house was reconstructed, painted, re-floored (safe drag marks) cleaned (even clothes in the closet dry cleaned!) and restocked with the stored items.  I had called in to stop all my credit cards the same day.

I received a check for the maximum available from my policy.  (Note-to-self:  Make certain all valuables are covered, and if there is a cap it covers all firearms.  I was insured for a maximum of 5K on the firearms, eventually paid just over 7K total.  Firearm valuation of the missing?  Over 21K! in 2009 gun values)

Fortunately, I had taken my favorite 1911 and .38 snub with me to the condo!

And none of the identity items, credit cards or firearms have ever surfaced.

I’m thinking Mexico, and thank God that Fort Knox makes a quality piece of security equipment!  I suspect it’s abandoned in the desert somewhere, still unopened.  (Let this be a lesson – if you’ve not done so already, bolt your safe to the foundation and wall studs – even if it weighs 800 pounds!)

And among the missing are my electroless nickel Colt Gold Cup, 1969 Browning High Power, 4 AR-15s, my Ithaca Deerslayer Police Special 12 gauge, my pre-model 27 Smith & Wesson 5″,  my Sig-Sauer P220 – marked made in W. Germany(!) and my 1942 Springfield Garand!!

I had to use the insurance money for other things, and never was able to replace any of the missing firearms.

HAPPY BIRTHDAY TO ME!

FTC – Fort Knox safes gave me nothing.  I bought it at a gun show.  Leave me alone!

 

"Round up the usual suspects."

In Loving Memory…