Categories
Economics Humor

[1267] Of tricked by a miser

From Marginal Revolution:

Paddy O’Brien died and as is the Irish custom the mourners were throwing money into his coffin.  The town miser, whom everyone despised, cried out “I loved Paddy O’Brien.  Whatever anyone else puts into the coffin, I will double!”  Thinking the miser a little bit drunk the townspeople took this as an opportunity to teach him a lesson.  Gathering all their money they showered the coffin with $3012 in bills and coins, more than had ever before been given at a funeral.  The miser then gathered the money, wrote a cheque for $6024 and threw that in. [Hell Money. Marginal Revolution. June 20 2007]

Categories
Liberty

[1266] Of crime by both sides?

A lot of people are hung up with the murder of Altantuya. It is perfectly understandable. This is a huge case and to be honest, and crude, it is not everybody a person is blown up in Malaysia. To add spice to the case, it involves one of the country’s top adviser which is related to the Deputy Prime Minister. With conspiracy theorists running abound, bam!

Murder is a transgression of right and all libertarians take it seriously. Extortion, due to violation of the non-aggression axiom is another act which libertarians are typically critical of. Both of course are criminal acts and Altantuya is alleged to have committed the latter offense.

On arriving in Kuala Lumpur on Oct 8 last year, the 28-year-old Altantuya tried in vain to meet Abdul Razak who refused to see her.

In desperation, she left several notes for Abdul Razak, including a threat that his daughter would be in danger if he did not give her money. [DPP: Razak planned it. The Star. June 19 2007]

Amid the cry for justice for Altantuya, pardon me if I do not plan to express my sympathy for her. Instead, may I ask, where is justice for Abdul Razak Baginda?

Too bad that it is useless to prosecute the dead.

Categories
Photography

[1265] Of aging railway cars

I am trying to finish up a book. So that promise on the Asian Financial Crisis has to be postponed. So too with the Endau Rompin and Bangkok trips.

In the meantime, another photo.

By Mohd Hafiz Noor Shams. Some rights reserved.

This is somewhere within the compound of the old railway station, close to the general post office.

Okay. Let me finish up my book.

Categories
Politics & government

[1264] Of not so new politics

From the NYT political blog:

Some of Mrs. Clinton’s rivals, including the campaign of Senator Barack Obama, went through the list of the Clinton’s financial holdings that Mrs. Clinton filed with the Senate and released a very detailed and critical analysis about where the Clintons had gotten and invested their money.

[…]

Mr. Obama’s aides circulated the memorandum to news organizations on the condition that news organizations not say where they obtained the information.

[…]

This turned into a bit of a dust-up because by all appearances, the Obama campaign got a little sloppy in circulating what turned out to be two critical memos. They ended up in the hands of the Clinton campaign.

[…]

Why would the Clinton campaign want to circulate documents attacking its candidate? Mrs. Clinton’s aides declined comment. But the Clintons have been seeking to undercut the effort by Mr. Obama to present himself as the face of a new-kind-of-politics that eschews these kind of attacks. [The Backstory on Obama-Clinton Attack Memos. The Caucus. June 15 2007]

Clinton seems to be winning at the moment.

The Obama campaign was forced to acknowledge authorship when the Clinton campaign got a copy and shared it with The New York Times.

For the Clinton campaign, drawing attention to a document attacking its own candidate had the effect of demonstrating that Mr. Obama, like other candidates, is not above a bit of political street fighting and, by implication, should not be allowed to cast himself as a champion of a purer version of public service. But in this case, the disclosure also threatened to create a substantive problem for Mr. Obama by leading an Indian-American group to accuse Mr. Obama of engaging in racial stereotyping. [A New Kind of Politics Closely Resembles the Old. NYT. June 16 2007]

Read also 2008: Not-So-New Politics, New Fallout.

Categories
Economics Environment

[1263] Of new waste management bills

Finally, on the surface at least, sensible new policies:

People who waste more will have to pay more and every household will have to start separating recyclable items from other waste.

These are two of the implications of the Solid Waste Management and Public Clean-Up Bill, which the Housing and Local Government Ministry expects to table in parliament in two weeks. [Start sorting out and recycling your waste. NST. June 17 2007]

To be honest, I have not read the bills. The website of the Parliament is not so helpful and its search function is not working at all. Therefore, I am quite unclear what the bills are specifically seeking for other than the establishment of a government-owned centralized waste management entity. It is hard to form some sort of opinion without proper information.

I am unsure how the service providers are going to enforce that pay-as-you-go system. Under that model, the providers would need to identify which trash belongs to whom. It is easy imagine that waste owners would try to dump their waste at public space and then disown the trash to escape the need to pay for trash collection altogether. The property rights of the waste must be properly enforced to ensure the success of the model.

Another matter concerns recycling. The bill wants to make recycling mandatory but I prefer to provide consumers with incentive to recycling rather than coercing them. A good system would reward those that separate their trash by charging them less. In other word, offer them discount and this discount should include the cost of waste separation.

Those that failed to do the same should pay a premium. This premium would include the cost of separating the trash and some sort of penalty.

I wonder though if a waste management service provider has the economies of scale and the technology to separate trash at least as good as that being done by the consumers. If it does, perhaps it makes sense to do the separation on the other side of the equation rather than on the consumer side.

Apart from the payment schedule and recycling, another issue is this:

Along with the bills, the interim agreements between concessionaires of solid waste management facilities, which were arranged under the national privatisation of solid waste management programme, would be turned into concession agreements.

However, once this was done, the concessionaires would be subjected to strict key performance index and have to meet standards set by the government. [Better solid waste services once bills passed. NST. June 13 2007]

I am surprised that these waste management service providers are operating without any proper contract!

The introduction of contractual relationships would indeed improve the situation for all of us because with contracts, the service rendered by these management firms could be used to assure fund providers of repayment for any borrowing made by the firms to strengthen their business.