Last night's Presidential news conference
First, with regard to torture, President Obama said:
I generally liked this repudiation of torture. But I was disappointed in the rationale he used (the italicized bit). I wish he had said instead that we do not torture because it is morally wrong. That's why it's illegal. At first I was thinking that he had missed an opportunity to make the moral case, but then I realized I was presuming that he really agreed with me. Maybe he doesn't.
Second, I was surprised that President Obama seemed to tip the government's hand on their approach to the danger of Pakistan's nuclear weapons falling into the wrong hands. His initial response to the relevant question was:
The first half of his response to the follow-up�that he was not going to engage in hypotheticals�was what I expected. The second half, giving reassurance as to what was not going to happen, only seemed to emphasize the existence of contingency plans.
I have no doubt that such contingency plans exist. I am not surprised that they do. I am surprised that the President was willing to talk about them.
Order return rip-off, not!
Last month I posted about my expectation of being ripped off by TigerDirect for the cost of shipping me the wrong product, which I returned to them. While it was true that they only credited me with the cost of the part�$14.99�rather than that plus the shipping and handling�an additional $6.99�I'm happy to report that after I wrote them a letter of complaint they credited my account for the additional $6.99 and sent me a letter:
When does GM count its cars as being "sold"?
In recent discussions of General Motors' plan to shut down factories for up to nine weeks this summer, I heard that GM recognizes revenue when vehicles are manufactured, not when they're sold. If I heard correctly, this practice is in accord with reporting standards set by the Financial Accounting Standards Board (FASB), who proclaim�apparently on every page of their website�that they are "serving the investing public through transparent information resulting from high-quality financial reporting standards, developed in an independent, private-sector, open due process."
I just have a couple of questions. The ability to report revenue in this way serves the investing public how? Do we need any more evidence that big business is vastly under-regulated?