Tuesday, April 10, 2018

Impressive Student Art At Anchorage Museum

When my granddaughter was here last we, we visited the museum to see the children's art exhibit.




Conlan Cantrell
Grade 5
Sand Lake Elementary[Commenter 2/26/21 says Conlan went to Chugiak, not Sand Lake]

This is a close-up of the picture.















Katherine Reinbold
Grade 5
Sand Lake Elementary


















Randy Lee
Grade 4
Williwaw Elementary
Saxophone










Emory Banker
Grade 12
West High









Amaeli Kam-Magruder

Pink Rose
Grade 7
Mears Middle School















Ada Bjorkman
Self Portrait
Grade 8
Rilke Schule German Charter School

















Abigail Barios

Grade 8
Wendler Middle School













Ann Bebauer
Lichen
Grade 12
Service High School






















Francis Giovanni Anino
Cousin JoAnne
Grade 12
Service High School





Brian Cuevas Fuentes
High School Wolf
Grade 9
West High School










Kristine Felipe
La Muerte
Grade 11
West High School















This is by no means a selection of the best.  There were lots and lots of works of art.  These were a few that caught our eye.  And a friend had strongly recommended that we visit the polar bears, and it was a great idea.  These are real kid magnets and the guard watched carefully as we walked into the room (in the new addition that was completed last year.)  But my munchkin had lots of self control.






Paola Pivi’s Polar Bears

Monday, April 09, 2018

What The Internet Does Well - Make Things Available Like Old 78 RPM Recordings - Listen to Josh White, House Of The Rising Sun



From Archive.orghttps://archive.org/details/78rpm
"78 RPMs and Cylinder Recordings
The Great 78 Project! Listen to this collection of 78rpm records and cylinder recordings released in the early 20th century. These recordings were contributed to the Archive by users through the Open Source Audio collection. Also the Internet Archive has digitized many.
Artists available here include Ada Jones, Caruso, Eddie Cantor, Edison Concert Band, Harry MacDonough, Len Spencer, Paul Whiteman, and many others.
MORE"
Josh White, 1942 recording of House of the Rising Sun.



Sunday, April 08, 2018

Today's ADN Opinion Pages Fodder For A Dozen Posts From Salmon To Bears To Legislators

One problem with blogging is picking something worth writing about from the many things out there.  Today I'll just do a quick take on several items from today's newspaper.

Stand For Salmon Or Stand For Alaska

A former member of the Alaska Board of Fisheries, Tom Kluberton, writes a column in favor of an initiative that would force resource developers (and others I assume) to prove that their projects won't hurt Alaska's salmon fisheries.

Next to that column is one by the vice chairman of the Doyon, Ltd. board of directors and a former chief of Allaket, PJ Simon.

Alaskan's won't vote on this until August or November*, so we have plenty of time to hear about this initiative, and we can be sure that we will.

*From Alaska Statute 15.45.190


Setting Dates For Ballot Initiatives in Alaska
The lieutenant governor shall direct the director to place the ballot title and proposition on the election ballot of the first statewide general, special, or primary election that is held after
(1) the petition has been filed;
 (2) a legislative session has convened and adjourned; and 
(3) a period of 120 days has expired since the adjournment of the legislative session. 

Our primary election is August 21, 2018.  So if the legislature adjourns (including special sessions) more than 120 days before that (roughly around April 27), it will be on the primary ballot.  Otherwise on the general election ballot in November.  That's a whole other issue - having important propositions on primary ballots when relatively few people vote.


As I say, we have time to learn more about this, but I was struck by PJ Simon's column which
portrayed him as a simple man -
" I am just a regular guy. I am not a high-powered lawyer or professional environmentalist paid by outside interest groups. I'm sandwich meat, the guy in the middle, the guy who works for wages to support my family."
But despite the fact that he says he can't read all that fine print, he knows for a fact the initiative will "kill construction jobs and hurt Alaska's economy."

Alaska has long been a colony for outside corporations to come in an exploit.  I've written about this in different posts, particularly The Vampire History of Alaska when we had another initiative on the ballot that would have taxed the oil companies more.

It's very easy for large corporations to come into a small (population) state or country and buy off some locals to push their mega projects. John Perkins outlines the process in his book Confessions of an Economic Hitman.  Alaskans will recognize the process when he spells it out.  You can see him explain it in this video.  So when self-professed common folks like JP Simon side with the big development corporations, I can't help but wonder what he gets out of it.  What Doyon gets out of it.  But that's another story.

In any case, I need to learn more about this initiative, but it reminds me of the law the legislature passed some years ago blocking public participation on development projects along the coast line.  My first assumption here is this is people fighting back for the power that's been taken from them.  But the devil is in the details.  We'll see.


"Undeveloped Anchorage Bowl Area Being Managed For Bears"

In a letter to the editor, Jim Lieb of Palmer rants against retired state biologist Rick Sinnott's commentary on keeping bears in mind in our wilderness areas.  I want to focus on the word "undeveloped" here.  He uses it again in the letter:
 "It's hard not to conclude that the undeveloped portion of the Anchorage Bowl is being primarily managed for bears and their well-being."
Think about it - the "undeveloped portion."  It's like that part of Anchorage isn't finished yet.  It doesn't have many roads, or buildings.  It's like trees and rivers and bushes and animals are there temporarily until we need their land.  I think about those areas as 'natural' or 'wilderness' or 'respites' from traffic and building and concrete.  And people have documented the benefits of nature to human health.

I wrote a post a while back about the meaning of the word 'empty lot' which pointed out that no lots were actually empty waiting to be developed.
Words matter.


"Voter Turnout Was Awesome"

In the same letter to the editor section (same link as above) Donna K. Daniels lauds Anchorage voters for dispelling her doubts about Anchorage's first 'vote by mail' election.  She's excited because 76,000 people voted.  Yes, that's more than any past Municipal election.  But it's technically only 35.6% of registered voters.  To me, that isn't awesome at all.  It's depressing.  Voter turnout like that is how democracies die.  (I said ' technically' because not all the people on the voter rolls are still living in Anchorage - some have moved, some have died, but they're still on the voter rolls.  But even if that number were 40%, it would mean that the election was decided by about 20% of the voters.   I think this is what people mean about 'the new normal.'  Compared to a 20% turnout, yeah, it's awesome.  But that's starting at a really low bar.

"Alaska Legislators Would be Fired By Now In the Real World"

I guess what Jim Bell means by "the real world" is the business world, or at least an organization that is hierarchical and someone has power to fire workers.  But the legislature is elected by voters (that same small portion in the previous section who vote).  They can be fired by the people in their districts.

My concern here is putting the blame on the legislators instead of the electorate.
I'm also concerned when everyone is blamed for the misdeeds of only some.  Republicans, supported by organizations like Koch Brothers funded Alaskans for Prosperity, complain about deficits, yet won't raise revenue.  They're obsessed with the notion that the less government the better.  But the less government simply means that rogue corporations get to do what they want because government doesn't have the capacity to monitor their behavior. Just read the book I mentioned above - Confessions of an Economic Hit Man. (I do strongly recommend it.) 

And that kids in foster care or in dysfunctional family situations can't count on the state to protect them from abusive situations because social worker case loads are way beyond what they can reasonably handle. More help for these kids means lower crime and fewer prison cells in the future.  I see the Democrats being much more responsible by calling for a modest income tax to start gaining more income.  And the Republicans are barricaded against an income tax.  In Oklahoma we are now seeing the results of Republican tax cutting, as schools only teach four days a week and teachers are on poverty level wages.  That's our future if we don't go to the polls and elect responsible legislators.  That means NOT firing the ones that are already responsible.  But people have to pat attention to more than party labels and propaganda and they need to vote.

That's just from one page in the Anchorage Daily News.  

Saturday, April 07, 2018

Finally Made It To The New Writer's [Block] Bookstore and Cafe [UPDATED]

[UPDATE April 8, 2018 9:30am -  Grrrr! It's Writer's Block Bookstore, not Writer's Bookstore.  But I know how it happened, sort of.  Spell check.  Block got misspelled, then I somehow turned it into Blockstore which spellcheck didn't like, and then Block disappeared altogether.  I woke up with this floating in my head and now I finally came to check and sure enough, Block had been dropped.  Is this a variant of writer's block?]


What used to be an adult bookstore is now a comfy little bookstore and cafe on Spenard.   I had two separate pictures of the front and merged them into one.   That's not quite what it looks like.  The angles were too different.


But my renderings of the inside are more accurate.






There aren't a lot of books, but it looks like they were carefully chosen.  (I'm sorry, but I think the word 'curated' is much overused.  It used to be about putting together a museum exhibit and now you can 'curate' any combination of things.  I'm sure there are curated garage sales now.)


You can also get snacks and beverages.



The bookstore's website has much more beautiful pictures than mine and more information about other activities at the bookstore.











I also took a couple of pictures of books whose covers and titles caught my eye.













Friday, April 06, 2018

Checking With The Reporters On A Couple Of Amazing Claims They Made

There were two lines in the Anchorage Daily News today that caught my attention.  "Really?  How do they know that?"

The first was a line in Erica Martinson's story about Alaska's two US Senators' relationship with the President.  It talked about how they didn't support him, but they are getting policies that help Alaska. (Of course, what helps Alaska is open to interpretation and to whether one is looking short term or long term.)

Martinson wrote:
"More than 500 days have passed since Donald Trump was elected president of the United States. Alaska's Republican senators didn't vote for him . . ."
Wow!  They didn't vote for the presidential candidate in their own party.  (I have to say that it was a safe bet in Alaska, where their two votes were not going to swing the state to Clinton.)  But to tell people?  I assumed that Martinson had evidence, so I emailed her asking if she meant in the November election (which is what the sentence would seem to say) and if yes, how she knew this.

I got a quick response:

"I meant in the Nov. 2016 election.
I wasn't in the voting booth, but that's what they told me and others at the time. Sullivan said he was going to write in Mike Pence's name. Murkowski said she was going to write in a name, but she never did say who, at least to me.
https://www.adn.com/politics/2016/10/08/u-s-sen-lisa-murkowski-in-interview-said-decision-on-trump-was-instantaneous-after-seeing-video/
https://www.adn.com/politics/2016/10/08/alaska-sen-dan-sullivan-calls-on-donald-trump-to-drop-out-of-presidential-race/They both resigned their positions on the Alaska Republican Party's central committee until after the election because they would not support Trump: https://www.adn.com/politics/2016/10/11/alaska-republican-party-is-sticking-with-donald-trump/Not sure if it made it into a story that day (I think we ran a day-of blog?), but I spoke to both Senators about it on or around election day and they had not changed their plans."
I guess during the election coverage I missed this or forgot it.  Had I read the story on-line instead of in print, I'd have seen the link, but I didn't do that until I was getting the link for this post.
 
The second line that jumped out at me was from an article by Marc Fisher, also in the ADN, reprinted from the Washington Post, about Trump's campaign against Jeffrey Bezos - the Amazon head and owner of the Washington Post.
"But others who have heard Trump rail against Amazon as a “monopoly” say his central complaint is based more on a cultural gap than a financial one, deriving from the fact that the president has never been known to shop online and does not use a computer — and has therefore never experienced what has drawn so many Americans from local storefronts to Amazon and other online retailers." [emphasis aded]
That jumped right out at me.  The president doesn't use a computer!  I remember the uproar when George H. W. Bush expressed amazement at a demonstration of supermarket scanners.that checkers use.  (This Snopes assessment suggests the New York Times played up that story to Bush's detriment.)  I was thinking that the US president doesn't necessarily get too much time going to the supermarket and he'd been VP for the eight years before he became president.

But in 2018 it seems remarkable that the US president doesn't use a computer.  And if he doesn't, how can he tweet every day.  So I emailed Marc Fisher my questions - did he mean by 'computer' a laptop or desktop?  Surely Trump uses a smart phone or he wouldn't be able to tweet.  Before I sent the email I googled the topic and found quotes about Trump feeling no computer was secure to use.

I also got a quick reply from Marc Fisher:
"Yes, Trump uses a phone, primarily for voice calls and for tweeting, which he does only on his phone or by dictating to his digital politics advisor. What he does not and has not ever used is a desktop or laptop computer. He has, for example, never used email. As for his reasons, when he’s been asked about his avoidance of computers, he says he doesn’t have the time. Not a terribly enlightening answer, but there it is."
Given that a smart phone today is a mini-computer with access to the internet, I guess it isn't as shocking as it originally sounded.

What is shocking - and would seem to be illegal - is the possibility that Trump is intentionally using the office of the presidency to damage someone because he's offended by what Bezos' newspaper writes about him.  (Fisher cites several WP people who say Bezos plays no role in the content of the paper.)
"Later in the campaign, Trump complained that “every hour, we’re getting calls from reporters from The Washington Post asking ridiculous questions, and I will tell you, this is owned as a toy by Jeff Bezos.” Trump said Amazon was using The Post “as a tool for political power against me. . . . We can’t let him get away with it.”
"Amazon’s stock value declined by more than 5 percent after the president’s recent attacks but has gained ground this week."
"A Wells Fargo analysis concluded that although 'the arguments made by the president against Amazon have been undermined by third-party fact checkers . . . the president’s actions [could stir] additional scrutiny of Amazon beyond the federal government.'” 
"But Politico media critic Jack Shafer argues that Trump is right to connect Amazon, Bezos and The Post, because the retailer’s wealth made Bezos’s purchase of the paper possible. “If Amazon didn’t exist, it’s unlikely the Washington Post would exist in its current form,” wrote Shafer, whose wife, Nicole Arthur, is The Post’s travel editor. Shafer rejected the notion that The Post is lobbying on behalf of Amazon but said that by linking The Post to Amazon and driving down Amazon’s stock price, Trump had found a way to try to punish a news organization that he otherwise couldn’t harm."  [emphasis added]
 If a company is misbehaving, the president of the United States can say something about that.  and even call for an investigation.  But he's got to be careful not to bias that investigation.  But if the reason for the president's attack on a company is criticism in a newspaper whose owner also owns the other company, it seems to me there are real First Amendment issues being raised.

In any case, I was pleased that both these reporters were quick to respond to my questions and to have information to back up what they wrote.  Fisher clarified what using a computer meant, but didn't say how he knew about the president's computer use.  But when I looked back at my original email, I didn't ask that of him.  And it should be pointed out that Fisher works for the Washington Post, which is the target of the president's attacks.


Thursday, April 05, 2018

Misc. Reading: Engaging Your Kids With Their Disabled Peers, Abortion Facts, TransCanWork, Pot Monopoly, And Thai Restaurants



1.  Thoughtful advice on how you and your children can engage a disabled child you run into by a father.

From  Daniel T. Willingham in the LA Times:
"Embarrassed parents will try to distract their child, or drag him away, probably delivering a “don’t stare” lecture once out of sight. But you can’t blame a 4-year-old for staring at a child who looks different. His curiosity is natural.
Staring at people feels wrong because it’s how we respond to an object — a skyscraper, or a waterfall. When we look at people, we usually send a social signal — a smile, for example — that acknowledges their humanity. Staring isn’t staring if you’re smiling. Or waving. Or if you say hi. That turns staring into a bid for interaction. So don’t try to stop your little one from looking at Esprit. It probably won’t work anyway, and it may be interpreted as indicating there’s something dreadful or forbidden about her. Just tell your child to wave. And don’t worry if he asks an awkward question, like, “Can’t she talk?” That’s a welcome chance for us to introduce Esprit."
2.  Do you need numbers when you're discussing abortion?  Abortion Study by National Academies Of Science, Engineering, and Medicine Offer Data on Abortion In The US


3.  As Anchorage defeated Prop 1 at the April 3 election, I thought this LA Times article was a good one today.  (Prop 1 would have reversed existing protections for transgender folks.)  It's about Michaela Mendelsohn who owns the Pollo Loco franchise in LA and transitioned to a woman 11 years ago and was thrilled to learn that one of his managers had hired another transgender woman.
"This prompted Mendelsohn to found TransCanWork, a nonprofit organization that trains businesses in best practices for hiring transgender workers and helps transgender people have equal access to employment.
“Trans people of color are over three times more likely to be unemployed and over seven times more likely to be living in poverty, under $10,000 a year, because of difficulty in getting employment,” Mendelsohn said. 'And so when I heard her story, I realized how fortunate I was to have transitioned as the boss of my own company.'”

4.  Is BioTech Institute LLC getting a patent that will allow it to take a cut of all cannabis sold?  Here's from a long CQ story by Amanda Chicago Lewis:
"According to Holmes, a secretive company called BioTech Institute LLC had begun registering patents on the cannabis plant. Three have already been granted, and several more are in the pipeline, both in the U.S. and internationally. And these are not narrow patents on individual strains like Sour Diesel. These are utility patents, the strongest intellectual-property protection available for crops. Utility patents are so strict that almost everyone who comes in contact with the plant could be hit with a licensing fee: growers and shops, of course, but also anyone looking to breed new varieties or conduct research. Even after someone pays a royalty, they can’t use the seeds produced by the plants they grow. They can only buy more patented seeds.
“Utility patents are big. Scary,” Holmes said. 'All of cannabis could be locked up. They could sue people for growing in their own backyards.'”

5.  The Surprising Reason that There Are So Many Thai Restaurants in America

This article credits the number of Thai restaurants in the US (and the world) to a Thai government agency that promotes them as part of a tourism campaign that began in 2000.  I would just note that when I got back to LA after my Peace Corps service in Thailand in 1970, there were NO Thai restaurants in LA.  But soon there would be one, then two, the three, then things just exploded.  It was only much later that I learned about the  Immigration and Nationality Act of 1965 (H.R. 2580; Pub.L. 89–236, 79 Stat. 911, enacted June 30, 1968, also known as the Hart–Celler Act.  From Wikipedia:
"The Hart–Celler Act abolished the quota system based on national origins that had been American immigration policy since the 1920s. The 1965 Act marked a change from past U.S. policy which had discriminated against non-northern Europeans.[2] In removing racial and national barriers the Act would significantly, and unintentionally, alter the demographic mix in the U.S.[2]"
The US' doors were then opened to Thais and others.  Thai immigrants began opening restaurants, and because their food and hospitality are so good, the soon spread to all parts of the US.  That was 30 years before the Thai government started promoting Thai restaurants and helping their owners.

Wednesday, April 04, 2018

Where Are The Steepest Ten Streets In The USA?

An LA Times columnist, Steve Lopez, answers this question in a story on the problems on Baxter Street in LA's Echo Park.  It seems that driving short cut apps like Waze are routing people onto this street and lots of people have trouble navigating it, especially when it rains.

The problem is that Baxter, with its Himalayan double dip between Allessandro Street and Echo Park Avenue, is not a normal street, and it was never meant to be a thoroughfare.
It was designed for goats, not people or cars.
Whoever built it, more than 100 years ago, must have gone on to design roller coasters. A video of a daredevil skateboarder blasting down Baxter has had nearly 1.2 million views on YouTube.
The Times has reported that Baxter ranks as the third-steepest street in Los Angeles with a 32% grade, behind 28th Street in San Pedro (33.3%) and Eldred Street in Mount Washington (33%).
Still, it’s on the list of the 10 steepest streets in the United States, seven of which are in California, and four of which are in Los Angeles, with Fargo Street in Silver Lake joining the others. Only two of the top 10 streets are in San Francisco, which is often thought of as a city of hills, and the famous Lombard Street (27% grade) doesn’t crack the list. The steepest streets in the U.S. are in Honokaa, Hawaii, (45%) and Pittsburgh, Pa. (37%).

OK, I'm embedding the skateboard video just so you can see this street.  The soundtrack is a bit raunchy so if you're showing it to little kids you probably should turn off the audio.  






Tuesday, April 03, 2018

First Anchorage Election Results - Mayor Winning Reelection, Prop 1 Losing, All The Other Props Winning [UPDATED 4/5/18 7:30PM]


With the new voting by mail, I'm not quite sure what these tallies mean.  It says all precincts reporting.  And 23% is in the ballpark.  Last year's MOA election had a 23% turnout.  This first set of results should reflect the ballots cast at the few polling stations, at the drop off boxes through - maybe yesterday or earlier today, maybe even those in the boxes by 8pm.

That would leave those mailed in probably before Friday or Saturday.  So if there are 4% still out there, that would be about 8,000 votes left.  If the Yes vote for Prop 1 got 60% of the remaining votes (not likely) they'd add 4800 votes and the no votes would add 3200 votes.  So I'd guess that Prop 1 has been defeated.

The Prop 1 vote means that Anchorage no longer supports discrimination against GLBT folks.  Let's hope Jim Minnery finds a new hobby that doesn't involve disrupting other people's lives.



And if there are 8000 votes left, there is no way that Rebecca Logan could catch up with Mayor Berkowitz, even if she got all 8000 votes.



This is the closest school board race.  Tasha Hotch is less than 400 votes behind Alisha Hilde.  If there are 8000 votes still to be counted, even 4000, this race could change.

The other school board races had much bigger margins with

70% for Deena Mitchell
57% for Elisa Snelling

All the other propositions won with 60% or more.

You can see all the results at the official site here.   [UPDATE 4/4/16 - This link went to the PDF of the early results.  It doesn't update.  Here are the results as of 4:27pm today.  Everything seems to have stayed more or less the same with 8,000 more votes.  There must still be some outstanding votes, but I doubt that they will change any results.  This page has the link to the latest election results.]


[UPDATE 4/5/17 - There are more results today.  As I glanced over them the margin based on vote totals seem to increase slightly in most races while the percentage gaps decrease slightly.  Prop 1  has a 4035 vote gap now, but is now yes = 47.12 % and no= 52.88%.  They've counted 70,961 of 218,388 (32.49%).  There are probably some more mail in ballots trickling in. I don't see how they can change any of the races.]

Warren Buffett's Complaint About The New Tax Code


In his letter to his shareholders this February, Buffett began with a side note about how the new tax code affects Berkshire Hathaway's profit and how Berkshire Hathaway presents its financial standing. First he says that BH made $29 billion, not from what they did, but what Congress did.

Second, he thinks it distorts things and his company will strive to provide information that makes it easier for people to get a more accurate picture.  This came out in late February, but I only just became aware of it.  In his own words:

Berkshire’s gain in net worth during 2017 was $65.3 billion, which increased the per-share book value of both our Class A and Class B stock by 23%. Over the last 53 years (that is, since present management took over), per- share book value has grown from $19 to $211,750, a rate of 19.1% compounded annually.*
The format of that opening paragraph has been standard for 30 years. But 2017 was far from standard: A large portion of our gain did not come from anything we accomplished at Berkshire.
The $65 billion gain is nonetheless real – rest assured of that. But only $36 billion came from Berkshire’s operations. The remaining $29 billion was delivered to us in December when Congress rewrote the U.S. Tax Code. (Details of Berkshire’s tax-related gain appear on page K-32 and pages K-89 – K-90.)
After stating those fiscal facts, I would prefer to turn immediately to discussing Berkshire’s operations. But, in still another interruption, I must first tell you about a new accounting rule – a generally accepted accounting principle (GAAP) – that in future quarterly and annual reports will severely distort Berkshire’s net income figures and very often mislead commentators and investors.
The new rule says that the net change in unrealized investment gains and losses in stocks we hold must be included in all net income figures we report to you. That requirement will produce some truly wild and capricious swings in our GAAP bottom-line. Berkshire owns $170 billion of marketable stocks (not including our shares of Kraft Heinz), and the value of these holdings can easily swing by $10 billion or more within a quarterly reporting period. Including gyrations of that magnitude in reported net income will swamp the truly important numbers that describe our operating performance. For analytical purposes, Berkshire’s “bottom-line” will be useless.
The new rule compounds the communication problems we have long had in dealing with the realized gains (or losses) that accounting rules compel us to include in our net income. In past quarterly and annual press releases, we have regularly warned you not to pay attention to these realized gains, because they – just like our unrealized gains – fluctuate randomly.
That’s largely because we sell securities when that seems the intelligent thing to do, not because we are trying to influence earnings in any way. As a result, we sometimes have reported substantial realized gains for a period when our portfolio, overall, performed poorly (or the converse).
*All per-share figures used in this report apply to Berkshire’s A shares. Figures for the B shares are 1/1500th of those shown for the A shares.
3
With the new rule about unrealized gains exacerbating the distortion caused by the existing rules applying to realized gains, we will take pains every quarter to explain the adjustments you need in order to make sense of our numbers. But televised commentary on earnings releases is often instantaneous with their receipt, and newspaper headlines almost always focus on the year-over-year change in GAAP net income. Consequently, media reports sometimes highlight figures that unnecessarily frighten or encourage many readers or viewers.
We will attempt to alleviate this problem by continuing our practice of publishing financial reports late on Friday, well after the markets close, or early on Saturday morning. That will allow you maximum time for analysis and give investment professionals the opportunity to deliver informed commentary before markets open on Monday. Nevertheless, I expect considerable confusion among shareholders for whom accounting is a foreign language.
At Berkshire what counts most are increases in our normalized per-share earning power. That metric is what Charlie Munger, my long-time partner, and I focus on – and we hope that you do, too. Our scorecard for 2017 follows.

I get the general drift of this, though this is not an area have any particular expertise.  What I'm most interested in is why the new tax bill has changed the reporting process and who it hurts and who it harms.  But as I searched for people commenting on Buffett's letter, I haven't been able to find answers to my questions.

Here's one that gets into things a little deeper:

Tax Bill's Effect On Reported Earnings - How Big A Deal? 

My gut tells me that there will be plenty of surprises that pop up over the year.  Little gifts to individual corporations that were well disguised - say with qualifications for a benefit that basically are aimed at one company (though there may be others like it who will also get benefits.) And there will be lots of unintended consequences that no one foresaw because of the speed with which this bill was passed.

Monday, April 02, 2018

Days Of Great Beauty

April gives Anchorage lots of sunshine and the south facing snow is going fast.  The sidewalk/bikepaths are clearing - many just wet now as snow melts across the during the day.  But parts of Anchorage still have lots of snow.  Well, it was pretty crusty at Campbell Airstrip where my granddaughter went X-country skiing for the first time.  I'd managed to borrow some little skis that attached to any snow boots.  This is her first trip to Anchorage when there's still a lot of snow.  



We walked over the bridge and she got into her skis where the tracks are still in the snow.  And then she just took off. One ski forward, then the next.  Eventually I told her to try to slide a bit and so she went faster.  

It was about 40 minutes of pushing one ski forward then the other.  She had a great time.  Got into a good rhythm and the few times she fell, she laughed - even though the packed snow on the ground is hard.

We had the trail to ourselves a lot of the time, but there were other skiers, people on fat tire bikes, walkers, and runners, some with their dogs.  

It was stunningly beautiful.  It was comfortably warm - the trees kept the wind above us.  


This morning we filled in my ballot for tomorrow's mail-in election.  We stopped by the voting box behind the UAA sport center and stuck the ballot in on the way to skiing.