Category Archives: Finance

On Greed, Stupidity, And Reality: My Baseball Wish

There is now rampant speculation that the twin prime-age free agents who have the so-called Hot Stove League in palpitations—the two are outfielder Bryce Harper (L) and shortstop Manny Machado (R), both 26, burgeoning superstars, and, in the estimation of many including me, assholes—will not sign contracts until February. I find this difficult to believe, since it would be jaw-droppingly stupid (and unethical), but I hope hope hope that it happens, because the ethics lessons the consequences might teach couldl be momentous.

Both young men are reportedly seeking contracts in the range of ten years at 30+ million dollars a year. Both have player agents who are telling them such exorbitant goals are reasonable.  Machado has already made about 34 million dollars in his still-brief Major League career.  Harper had made almost 48 million. Both are in a position in which they could pick out the city and team they want to live in and play with, and say to their agents, “This is where I want to be. Make the best deal you can, and make it happen.” That is what a rational person would do, and indeed, that is what some players, not players with the potential earning power of these two but ones with more brains than Harper and Machado have between them, have done, though rarely.

It is important to note that unless these guys have developed an addiction to eating diamonds or something similarly extravagant, they don’t need to work another day in their lives now. What is their motivation to be paid more than a third of a billion dollars over the next decade, other than having avaricious, unethical agents steering them in that direction? Ego? Insanity? Stupidity? Harper or Machado could call up any one of the 30 MLB teams, ask, “What can you pay me for the next five years?” and have a contract for at least $100,000,000 dollars within 25 hours. How much different will their lives be with those “low-ball” contracts than if they received the longer, richer ones they covet? Not different at all, and quite possibly better. Continue reading

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Mourning Ethics Warm-Up, 12/5/2018: Fredo, Tom Arnold, Rep. Ocasio-Cortez, Senator Hirono, Fredo, Joe Biden, And Camille Paglia—Who Doesn’t Belong In This Group?

Good Afternoon…

1 A Big Lie is born!  The fact that Tom Arnold married Rosanne Barr tells me all I need to know about his intelligence and judgment, though it did get him a single good movie role in “True Lies,” which I never could completely enjoy because the her husband’s abuse of Jamie Lee Curtis’s character seemed so cruel and offensive, but was still played for laughs. That movie is decades old, but Arnold is still holing on to shred of celebrity by being a full-time President Trump troll,  thus getting him the love and fealty of thousands of like-minded Twitter users. 250,000 of them.

Last week, he tweeted that “80% of gun owners shoot themselves or members of their own families.” His tweet was shared all over social media, and not entirely by those who used it to demonstrate beyond the shadow of a doubt that Arnold is a moron. Thus it will believed by many Americans, quoted by the anti-gun addled, and generally make Americans even dumber on this topic than they already are.

2. When will they ever learn?  Or un-learn? The University of Montana is now featured as the Foundation for Individual Rights in Education’s (FIRE) “Speech Code of the Month.” It earned the honor by declaring in its Student Code of Conduct’s ‘Statement of Responsibility’  that all members of the campus community “have the personal responsibility to promote an atmosphere of civility,” and that discussions “should never become mean, nasty or vindictive.”

Of course, since the administrators of a committed left-biased institution will decide what is “mean” or “uncivil,” both subjective standards, you can guess whose speech will be chilled by this.

When did freedom of expression stop being a liberal value? Presumably it began when progressives stopped being able to defend their most extreme conduct, positions  and beliefs…

Continue reading

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Ethics Quiz: The Deer On The Ice

“The Wisconis State Journal reports,

“Republican Rep. Adam Jarchow… said he would fire the [Department of Natural Rresouces] warden tomorrow if he could for ‘being complicit in putting firefighters at risk, over a stupid deer.’

‘This is a complete embarrassment and a joke,’ tweeted Jarchow…. The DNR posted a glowing statement about the incident on its website Tuesday. The release praised Warden Jesse Ashton for organizing a team of wardens and local firefighters to rescue the deer [The deer had wandered 500 yards out onto the frozen lake], saying, ‘Those little hooves are no match for slick surfaces!… Teamwork strikes again!'”

You can imagine the calumny being heaped on this monster’s head by animal lovers on social media.

But is he right? (Jarchow is himself a volunteer firefighter.)

Your Ethics Alarms Thanksgiving Weekend Ethics Quiz Of The Day is….

Should firefighters be used to rescue animals in peril?

_______________

Pointer: Ann Althouse

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Question: You Are Offered 300 Million Dollars To Do What You Want To Do Where You Say You Want To Do It For The Next Ten Years. Why Would You Say, “No”?

This, we recently learned, is exactly what Washington Nationals outfielder Bryce Harper, 25, did when his team, the Washington Nationals, made him such an offer at the end of the 2018 season.

Harper has frequently stated that he loves playing in Washington, and would like to continue his career there. He is also regarded as the most valuable baseball free agent since Alex Rodriguez entered free agency almost 20 years ago and received a record contract. (You know what happened to him, right?) His agent, Scott Boras, has said in the past that a realistic target for Harper on the open market is $400,000,000, and most experts thinks Boras is nuts.

I see only three possible explanations for Harper turning down the Nationals offer: 1) He’s an idiot, 2) he is getting irresponsible and conflicted advice from his agent, or 3) he was lying when he said he wanted to play in D.C.

If your answer is “4) He’s greedy,” I submit that this is indistinguishable from #1. I defy anyone to explain how their life is enhanced in any way  by making 40 million a year rather than 30 million. Harper has no children, but since “I’m doing this for my kids” is the default rationalization used by players when they accept the highest bid,  I also defy anyone to explain how his theoretical children would have significantly better or different lives if Daddy makes an extra 100 million over the next 10 years—especially since another mega-million dollar contract will probably come into play after that. Continue reading

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From The Ethics Alarms “These Really Are Terrible Human Beings” Files: Unethical Quote Of The Month: Bill Maher

“One way you get rid of Trump is a crashing economy, so please bring on the recession. Sorry if that hurts people, but it’s either root for a recession or lose your democracy.”

—-HBO’s Bill Maher, on his show “Real Time”…as his audience applauded, as usual.

Did any conservative, Republican or pundit root for the nation’s failure under Obama? The closest would be Rush Limbaugh’s infamous declaration that he wanted the new President to fail, which was more unpatriotic than I could tolerate, but even Rush didn’t go so far as to wish for the nation itself to be thrown into crisis. Maher is a repulsive individual, but he is not alone. We already discussed here how many members of the media appear to be rooting for the North Korean talks to fail. Other progressives openly wish for the President’s death: I could name some right here who have told me that in person. Lawyers. Professionals. Wishing for the death of not just another human being, but the President of the United States.

The attendant hysteria, fear-mongering, monomania and values distortion that have spawned the “resistance” have also apparently created a human mutation with lethal potential. Never before have there been mainstream American citizens who not only wished ill on the nation and neighbors, but who got cheered for it. The mutants are a threat to society and to sanity. Do not pretend they aren’t.

They may not be traitors, but they think like traitors. Continue reading

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Wait: Does President Obama Consider THIS A Scandal? Because, You Know, It Is…

Every time either ex-President Obama or one of his slavish acolytes—you know, journalists?—make the statement that his tenure was “scandal free,” honest Americans who have been paying attention grind their teeth down a few more millimeters.

Of course, Obama had plenty of scandals, serious ones—at least they would have been serious in any other administration. The fact that the news media chose to minimize them or ignore them doesn’t make them less scandalous…in fact, that’s a scandal itself.  To name one example that especially rankles me, the IRS, an Executive Branch Agency, eventually admitted that it used its power to meddle in the 2012 Presidential election, against Obama’s opponent. However, the formula of lying, covering up, stalling, and having allies in the press call everything negative under Obama a “nothingburger” carried the day. This was SOP for eight years.

When Obama personally lied—20 times? 30?— about how his signature health care plan would work (All together now: “If you like your plan…”), somehow this Nixon-Clinton level of intentional dishonesty was shrugged off as “the ends justify the means.” The fact is that it was a real, calculated, intentional lie used to trick the American people, not just a case of a President being wrong. Bush didn’t know that Iraq didn’t have WMD’s. Obama had to know what his own health care bill would do.

Blecchh!. I can taste the tooth powder!

This week, another genuine Obama scandal was uncovered that would have had Democrats seeking impeachment votes if it had occurred under Reagan or Bush. The Obama administration secretly gave Iran access to the U.S. financial system, defying the sanctions still in place after the 2015 nuclear deal, despite repeatedly telling Congress and the public that it would not and did not do anything of the sort.

What would you call that?

After striking its bone-headed, constitutionally-dubious nuclear deal with Iran, the Obama administration wanted to give Iran the promised access to its freshly unfrozen overseas reserves, including $5.7 billion stuck sitting in an Omani bank.  Iran wanted to convert the money into U.S. dollars and then euros, but that would require our giving the rogue nation access to the U.S. financial system. Obama officials had  promised Congress that Iran would never gain such access. As was the usual solution for Obama when law, the Constitution or established procedure stopped something he had decided in his Wisdom was Good and Just, Obama had his Treasury Department issue a license in February 2016 that would have allowed Iran to convert $5.7 billion it held at a bank in Oman into euros by exchanging them for U.S. dollars. The scheme failed, for the Omani bank blocked the transaction, but this is just moral luck, and does not make the secret end-around the sanctions less wrong.

The license issued to Iran’s Bank Muscat made lies of public statements from the Obama White House, the Treasury and the State Department denying that the administration was contemplating allowing Iran access to the U.S. financial system. After the nuclear deal was announced  in July 2015, Obama Treasury Secretary Jack Lew testified under oath—lying to Congress is still a scandal, unless Obama officials do it, and they did it a lot—that even with the sanctions relief, Iran “will continue to be denied access to the world’s largest financial and commercial market.” A month after that, another Treasury official, Adam Szubin, testified that  “Iran will be denied access to the world’s most important market and unable to deal in the world’s most important currency.”

“The Obama administration misled the American people and Congress because they were desperate to get a deal with Iran,” said Senator Rob Portman (R-Ohio).   Verdict: Fair and accurate. And what is the rebuttal by the Obama-ites?

Ooooh, lame. Lamer than usual, in fact. Continue reading

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Ethics Dunces: Stockton, California, The Mayor Of Stockton, Everyone Who Voted For The Mayor Of Stockton…

“We’re here for our stipend, Mayor! Double it, and we’ll cut back on rapes, too!”

Headline, LA Times:Stockton’s young mayor has bold turnaround plan: Basic income and stipends for potential shooters.”

If that makes sense to you, please move to California, and stay away from me.

Stockton’s young mayor’s plan is just as backwards, ethically corrosive and dumb as it sounds. The headline is correct. Michael Tubbs, wants to give at least $500 a month to a select group of residents in a pilot program to test the impact of “guaranteed basic income,”  a socialistic fantasy that has failed everywhere it has been tried. We know the impact of guaranteeing people money they don’t have to work for.

But wait, there’s more! Led by their young, brash, clueless mayor, Stockton is about to award stipends of up to $1,000 a month to residents deemed most likely to shoot somebody—I’m not joking!— in a program called Advance Peace,or, in its long version, Let’s Allow Thugs And Violent Creeps To Extort The Government Into Paying Them To Not Hurt Anybody, While Penalizing The Citizens Who Don’t Pose A Threat.

I agree: Advance Peace is catchier. Continue reading

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