Hotel dishwasher awarded $21 million after boss made her work on Sundays – Sun Sentinel

Thursday, January 17, 2019

But Pierre, a 60-year-old mother of six children in Miami, isn’t likely to end up getting all that money. Instead, it’ll be more in the range of $500,000, because punitive damages are capped in federal court, her lawyer said.”The jury was not aware of the cap,” said Pierre’s Miami-based lawyer, Marc Brumer. “They thought that they punished Hilton hotel with $21 million [in damages].”She’d get up to $300,000 in punitive damages — that’s the limit in federal court — in addition to $500,000 awarded for emotional distress and $35,000 in back wages, Brumer said. From all that, Pierre could get about $500,000 after legal fees are factored in, Brumer estimated.

Source: Hotel dishwasher awarded $21 million after boss made her work on Sundays – Sun Sentinel

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That jury sure attracted my attention.

Guess Hilton has some ‘splaining to do!

Argh!

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ECONOMICS: “Tax the rich” prevents “capital formation” and makes us all poorer

Thursday, January 17, 2019

https://mailchi.mp/tomwoods/high-taxes?e=39307912ab

Tom Woods · PO Box 701447 · Saint Cloud, FL 34770 · USA 

FROM HIS EMAIL BLAST OF 2019-Jan-16 10:26PM

*** begin quote ***

Here’s my unfashionable opinion: I believe in tax cuts for the rich. (I believe in tax cuts for everyone.) I believe the rich are human beings with rights, and not cash cows to be milked by people who had nothing to do with the creation of their wealth.

Now what follows is just for you, and not for your social-democratic friends, who will listen to what I say and respond with, “That’s trickle down, which doesn’t work!”

Those people are anti-intellectual and can’t be reached. What I’m telling you here is for the sake of your own understanding, not theirs.

Here is how wealth is created, and why confiscating the incomes of high earners is so destructive.

When firms increase and improve the equipment and machinery at the disposal of workers, those workers’ labor becomes more productive. Imagine someone using a forklift (as my father did), as opposed to stacking pallets with his bare hands, or producing books with modern equipment as opposed to a 16th-century printing press. The amount of production the economy is capable of is thereby increased, often dramatically, and this increase in production puts corresponding downward pressure on consumer prices (relative to wage rates).

There is nothing natural or inevitable about the availability of this productivity-enhancing capital equipment. It does not fall out of the sky. It comes from the wicked capitalists’ saving, and the allocation of the unconsumed resources in capital investment.

This process is the only way the general standard of living can rise. Only in this way can the average laborer produce the tiniest fraction of what today he is accustomed to producing. It follows that only under these conditions can he expect to be able to consume the tiniest fraction of what today he is accustomed to consuming.

The increases in the productivity of labor that additional capital brings about push prices down relative to wage rates. By increasing the overall amount of output, such increases raise the ratio of consumers’ goods to the supply of labor. Put more simply, improvements in the production process that lead to an increased supply of consumer goods make those consumer goods cheaper and easier for people to acquire.

 

That’s why, in order to earn the money necessary to acquire a wide range of necessities, far fewer labor hours are necessary today than in the past. Thanks to capital investment, which is what businesses engage in when their profits aren’t seized from them and when savings are available to them to invest, our economy is far more physically productive than it used to be, and therefore consumer goods exist in far greater abundance and are correspondingly less dear than before.

*** end quote ***

And, he has a list of how productive has cut the “cost” of certain items in terms of the work hours needed to acquire them.  Very impressive.

“Tax the rich” is code for make everyone poorer by preventing “capital formation”.  Zero interest rates have wiped out savings by what’s left of the middle class.  If there is no “capital investment” because the “rich” are tax and unable to invest, then where does “capital investment” come from?  

I know “the money tree” that grows in everyone’s backyard!

Argh!

Today’s politicians and bureaucrats need to go to the figurative guillotine before the USA has its own version of the French Revolution.  Can these people possible be this stupid about economics?

I wonder.

TANSTAAFL (“There Ain’t No Such Thing As A Free Lunch” From Robert Heinlein’s classic) 

Or are they just blinded by their “power”?

Argh!

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PIERS MORGAN: I’m sick of this war on masculinity. Gillette have just cut their own throat | Daily Mail Online

Tuesday, January 15, 2019

It’s a bad week for men. The APA has condemned traditional masculinity as ‘harmful’ and stated that traits like competitiveness, achievement, ‘adventure and risk are bad. What a load of PC-crazed bilge.

Source: PIERS MORGAN: I’m sick of this war on masculinity. Gillette have just cut their own throat | Daily Mail Online

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Once again I am forced to agree with Piers Morgan.  What’s happening to him or to me?  Laugh!

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Professional gamers caught cheating in a bid to win $2M prize

Friday, January 11, 2019

One of the world’s biggest e-sports competitions has been thrown into chaos after more than a dozen professional gamers were caught cheating in a bid to win the top prize of $2 million.The

Source: Professional gamers caught cheating in a bid to win $2M prize

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Anyone remember the 21 Quiz show scandal?

Argh!

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China: Angry Parents Surround Official, Yell ‘Beat Him!’ over Vaccines

Friday, January 11, 2019

The SCMP quoted Chinese state media reports that 17 officials from Jinhu County have been “put under investigation, sacked, or expelled from the Communist Party over the scandal.” At the national level, a new Vaccine Management Law is under consideration that would allow citizens to sue pharmaceutical companies if death or serious illness results from faulty vaccines.

Source: China: Angry Parents Surround Official, Yell ‘Beat Him!’ over Vaccines

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Pretty bad when Chinese citizens can do what American consumers can’t!

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How Tainted Drugs Reach Market And Make Patients SickerKaiser Health News

Friday, January 11, 2019

The Food and Drug Administration is supposed to inspect all factories, foreign and domestic, that produce drugs for the U.S. market. But a KHN review of thousands of FDA documents — inspection reco…

Source: How Tainted Drugs Reach Market And Make Patients SickerKaiser Health News

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A great argument to make the FDA an ADVISORY body.  Could we do any worse?

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DC Comics Set to Release Superhero Comic Book Starring a Bungling Jesus Christ

Thursday, January 10, 2019

DC Comics is set to release a new book featuring an out-of-touch, bungling Jesus Christ in the lead.

Source: DC Comics Set to Release Superhero Comic Book Starring a Bungling Jesus Christ

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Wonder if they would do that if it was Mohammed?

I think it’s disgraceful to mock someone’s religion!

This is a “hate crime” if something like “hate crime” did exist.

Argh!

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