Hot Pockets, US International Tax Law, and Corporate Inversions

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Here’s a recent appearance on One America News Network where I discuss the global economy, corporate inversions, and everyone’s favorite treat: Hot Pockets.

This Guy Isn’t Homeless, He’s Running for Governor

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I came across this video of California gubernatorial candidate Neel Kashkari living in Fresno, California on the streets for a week, trying to find work. I’ll admit I was skeptical that the 10-minute video would be compelling campaign advertising. I was wrong.

Kashkari has come from pretty much nowhere in the polls to be the Republican nominee in the California governor’s race. Just like he sort of came from nowhere to be Assistant Secretary of the Treasury under Presidents Bush and Obama, specifically charged with overseeing the Troubled Asset Relief Program, or TARP. Not a popular job. Of course, to the far left he is a boogeyman because he worked at Goldman Sachs. To the far right, he’s a boogeyman because he helped administer, well, bailouts.

Elijah Cummings, an embattled Democratic congressman from Baltimore, asked at an oversight hearing whether or not he was a “chump:”

“Mr. Kashkari, in the neighborhood I grew up in, in the inner city of Baltimore, one of the things that you tried to do was make sure that you were not considered a chump … What really bothers me is all these other people who are lined up. They say, well, is Kashkari a chump?”

Kashkari apparently did not take that flogging very well.

Kashkari heads to a Home Depot to find work.

Kashkari heads to a Home Depot to find work.

Kashkari’s background, which I had not researched, surprised me a bit.

He’s from Akron, Ohio. He’s a Cleveland Browns fan with, according to the Plain Dealer, dogs named “Winslow and Newsome.” He went to Western Reserve Academy — a nice private school, but didn’t go to a top-tier college. He attended the University of Illinois at Urbana–Champaign to study engineering. (He got an undergrad degree and a master’s.)

It was only after he attended Wharton for his MBA that he went into finance, and followed Hank Paulson to the Treasury department.

Former Rolling Stone writer Matt Taibbi wrote a column about him with the headline: Bailout Architect Runs For California Governor; World Laughs. He joked “It seems Jerry Brown has become his own personal Dolph Lundgren.”

In the piece, he noted that Kashkari isolated himself in the woods after the flogging from Cummings, et. al., where he built a shed, chopped wood to lose weight, and helped with Hank Paulson’s book.

Taibbi concluded: “Anyway, having this guy run for public office is like a gift from the blogging gods. How funny will this get? Will this one go to 11? I’m taking the over.”

One nice campaign video does not a winning campaign make. (Kashkari has a few nice videos…) Then again, most politicians prefer to post pictures on Twitter showing “look, I’m eating Ramen Noodles in my well appointed Washington house” rather than go and live on the streets for a week.

I don’t know if a 10 minute YouTube video on poverty will convince Democrats dissatisfied with Gov. Brown to consider Kashkari as a recipient of their vote, but one thing’s for sure — Kashkari’s trip into the woods may be funny joke fodder for Matt Taibbi, but Neel Kashkari isn’t going to be anybody’s chump this go-around.

Watch the video here:

Update: Kashkari’s campaign is hurting for cash, nearly broke.

EconPop — The Economics of the Lego Movie

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As usual, Heaton delivers describing the movie my Lego doppelgänger is the star of:

Pat’s Market in Belle Haven is Closed

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Pat’s Market, a small mom and pop roadside market in Belle Haven neighborhood of Fairfax County, has closed. It was used as a filming location in the movie The Sentinelstarring Michael Douglas.

Driving to dinner last night, Mary and I noticed it had closed. We had tried stopping there for ice cream once after a picnic on the nearby George Washington Parkway, but it only accepted cash, so we went to Baskin Robbins instead. We never returned. (They later started accepting credit cards according to a Yelp user.)

A Yelper left this obituary:

So sad to discover that Pat’s Market has closed due to an upcoming construction development.

Like Nancy Kerrigan, I must cry out, “Why! Why!…Why” No, more ceviche..no more coldest beer in town…and no more Live Bait! There are simply no words to express this great culinary loss. Yup, I know how you feel, Nancy, for it is just like being kneecapped with a expandable police baton. Damn them!

youtube.com/watch?v=voUM…

I know, Nancy, the pain isn’t half as bad as the knowledge that humanity can be so cruel and callous. But, you survived to go on and win a Silver in the Olympics, and I guess I will make it through without Pat’s Ceviche…But, as you know, Nancy, the loss is still painful. You will be missed Pat’s Market. You will be missed.

 

New Silver Line Ad Features Broken Escalator

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Typical.

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Skip to about :53.

Of course, the escalator probably works, but this was too good to check. But you never know.

The LeBron James Redemption

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Friend and former colleague Scott Campbell shares this excellent rendition of LeBron James’s quasi-apology letter… in the voice of Morgan Freeman in the classic film The Shawshank Redemption as performed by comedian Frank Caliendo. (Which was, to those who don’t know, filmed an hour away from James’s home in Akron at the former Mansfield Reformatory.)

I highly suggest watching the video. Caliendo is very talented and does an amazing impression (his specialty.) Had never heard him do Morgan Freeman before.

I wondered what the Caliendo track would sound like put to the score of The Shawshank Redemption. So I put the track to music to find out.

Here it is:

EDIT: Apparently there was music when it ran, but it was edited out.

Phone Spam Is No Fun

Over the past month and a half, I’ve been getting robocalls from Spanish-speaking telemarketers. As you can see below, at all hours of the day — violating the law.

Thankfully, I have Google Voice and can block callers, but that doesn’t stop them. They keep coming. It’s happened close to 50 times at this point, and the weird thing is that every call comes with the same prefix and area code as my own cell phone. I’ve tried calling the numbers back to be removed, but they largely don’t work and those that answer don’t speak English or pretend not to.

After the tenth call, I changed my settings to require callers to identify themselves…and that’s cut back on the spam a bit. I figure not all of the 10,000 people who could have a 202-527 phone number are spammers. I’ve submitted a complaint to the FTC, but the problem with regulating activity like this is that technology changes and regulators have a hard time keeping up.

Eat a dick, spoofers.

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Are Bicyclists REALLY Terrorists? (Yes!)

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Courtland Milloy’s Washington Post column has received a lot of criticism from the emotionally unstable bicyclist crowd. So much so, that apparently 40 bicyclist/terrorists are planning a spontaneous bike ride/sit-outside protest to demand to meet with editors and Mr. Milloy to discuss his column.

Of course, this is all part of a ploy to make him read a forced apology recorded from one of their GoPro helmet cams in front of a bicycle caliphate flag before, well…

Bicyclist or Terrorist? You decide.

To keep this debate on track, I will make sure not to mention that fact that the protest sounds like something terrorists might do. And to further keep this discussion above the fray, I will not compare this bicycle weather mask to something a terrorist might plausibly wear.

Or bring up the fact that when ISIS terrorists aren’t stealing MRAPs and Humvees, their preferred mode of travel is bicycles. That wouldn’t be cool.

For those who must know my commuting habits, I am a car driver to and from work, a walking pedestrian for lunch or happy hour, and am a communist-red key fob toting member of Capital Bikeshare.

If you’re thinking “what is an ardent republican doing riding bikeshare?” I’ll tell you. I figure if the government is going to spend federal monies intended for welfare recipients on a hobby mostly performed by college educated wealthier-than-average white males, I might as well capture the subsidy. And it helps me almost never take WMATA, which I’ve taken five times in the past year.

Now that we’re keeping things above the fray, let’s look at some of Mr. Milloy’s concerns and see if bicyclists are, indeed, terrorists.

“They’ve got more nerve than an L.A. biker gang. And some can be just as nasty.”

Most of the nerve I’ve experience from bicyclists is, well, as one. For pointing out unlawful or unkind behavior.

The thing about many cycling advocates is that they’re generally quick to tell anyone who’s not asking that bicycle sharing is a great transportation idea because it is commensurate with the goal of spending more money on cycling and cycling infrastructure. A means to an end, if you will.

Secretly, though, most real cyclists hate Capital Bikeshare and those who use it. Why? They’re not true believers. You have to spend as much as a nice used car on a bike to be a true believer.

The family from Kansas tooling around DuPont circle at rush hour? The young intern with the red badge of courage salmoning against traffic?All are pawns of the bicycle caliphate and a necessary evil for the cause.

In short, they’re not the real cyclists, those who are the ones pulling the strings. Sort of like leaders of a organization with cells, or something.

Before my cyclist friends think I am calling you terrorists, I’m not. Not all bicyclists are terrorists, but most terrorists are bicyclists. I’ve witnessed a college classmate of mine (rightly) chewing out a dumb pedestrian he nearly took out for crossing against the light outside of Union station. Update: Classmate (whose memory is obviously better than mine) writes to remind that he didn’t say a word to the asshole pedestrian in question crossing against the light.

Frankly, he should have, just to teach him a lesson, like “and that’s why you always leave a note.” Had he clipped him, I would have said to him while he was in a state of shock “this is why you never cross against the light.” If only I had one arm.

Milloy, rightly, thinks the idea of a bicycle escalator is absurd.

“They fight to have bike lanes routed throughout the city, some in front of churches where elderly parishioners used to park their cars. They slow-pedal those three-wheel rickshaws through downtown during rush hour, laughing at motorists who want them to get out of the way.

Now, some of them are pushing to have a “bicycle escalator” installed on 15th Street NW, going uphill from V Street to what used to be known as Malcolm X Park (until influential newcomers to the city pressed to get it changed back to Meridian Hill).”

Yes, I think bike lanes are evil and my cyclist friends will never agree with me on that. Other religions than those who align with the bicycle caliphate must come second to the bicycle caliphate.

Little old ladies need convenient parking near their church on a Sunday? Sorry, bicyclists were too busy off on another-taxpayer funded bicycle trail in the woods to notice.We’ve gone from “share the road” to “heed our demands absolutely or we’ll cause trouble.” Which doesn’t sound anything like the logic of terrorists.

Are we only supposed to share the road when bicyclists are forced to share it with us because they don’t get special treatment with their own lane? Or does share the road mean “let’s get rid of street parking?” Which is partially what Milloy is alluding to, since we’re basically ceding 25% of our working lanes to bicyclists who comprise a total of commutes much closer to zero.

“Share the road?” More like Sharia roads. Am I right?

I think we can all agree that Rickshaws are the worst — especially at 5:30 PM on the road leading to the Lincoln monument. I’ve seen them laughing. Why? Rickshaws are most popular in countries that harbor or are sympathetic to terrorists/ the bicycle caliphate, they’re laughing because they’re winning.

Don’t believe me? Rickshaws are popular in Pakistan, where Osama bin Laden was hiding. Case closed.

Lastly, the touchy topic of ghost bikes, left at the scene of where bicyclists are killed. Honoring martyrs much? Terrorists would never do that.

“All Five of our Government Run Television Stations….”

This Newcastle ad campaign did not appeal to me at first (perhaps it’s because I don’t like Stephen Merchant), but the new Elizabeth Hurley spots are pretty good:

Too Many Ads on the Site

Sports Illustrated affiliated webpage toomanymenonthesite.com is what I would call a prime example of how to ruin user experience via advertisements.

They should change their name to toomanyadsonthesite.com.

tma