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jerryking : daniel_henninger   24

Vote of Thanks to the Founders -
November 29, 2002

Vote of Thanks to the Founders for What Endures

Daniel_Henninger  Founding_Fathers  Thanksgiving 
september 2012 by jerryking
From Zero-Power to Super-Power in 500 Years -
March 21, 2003

From Zero-Power To Super-Power in 500 Years

Daniel_Henninger  unilateralism 
september 2012 by jerryking
What the Silence Said -
December 12, 2003 | WSJ | By DANIEL HENNINGER. A tribute to Bob Bartley.

In a December 2000 column about the Bush cabinet (titled, "Think Big"), Bob said this about the attorney-general slot: "The Occam's Razor answer is Jim Baker, just displaying legal generalship in Florida."

If you understand Occam's Razor, you understand the entire Bartley persona. I think Bob put this phrase in print about five times in his career, never of course bothering to explain its origins with the 14th-century English philosopher William of Occam, who posited the principle that the best and sturdiest solution to a problem is often the least complicated. Bob believed mightily in this idea. He thrilled, for instance, at James Carville's summation of the 1992 election: "It's the economy, stupid." Pure Occam's Razor.

Thus: To incentivize an economy you can either rejigger the entire tax code -- or reduce marginal tax rates. To keep prices stable, you can either swim through swamps of economic indicators -- or use a price rule, such as the gold standard. To find out what a nation wants, "hold an election." I think Bob saw Ronald Reagan, more than anything, as an Occam's Razor President ("Mr. Gorbachev, tear down this wall"). The day Bob heard that Jimmy Carter was scheduling the White House tennis court, he knew it was hopeless.

At the Journal editorial page, if you watched Bob Bartley work through the day's events -- in the news, in ideas, in life -- you learned to focus on the core of an issue, the fulcrum. The taciturnity wasn't an eccentric quirk; it was Bob's adamant, lifelong refusal to allow an issue or idea to be defeated by secondary or irrelevant detail. He defeated the irrelevancies by refusing to legitimize them with talk. Bob Bartley was in the game to move events, to move history. He knew how to do that, and in the 36 years he ran this page's editorials, he taught the rest of us how to do it: Think big. We did, and we will.
Daniel_Henninger  taciturn  tributes  wsj  Occam's_Razor  game_changers  James_A._Baker_III  thinking_big  problem_solving  incisiveness  high-impact  tax_codes 
august 2012 by jerryking
Welcome to 'Moral Hazard' -
October 2, 2008 | WSJ | By DANIEL HENNINGER.

"Moral hazard" is an odd phrase. Its meaning isn't obvious though it does sound like something one ought to avoid. "Moral hazard" dates back hundreds of years in obscurity, but its use eventually settled inside the insurance business in the 19th century. The French call it risque moral.

Back then, it really was taken to mean that reducing risk too much exposed people to the hazard of poor moral judgments. If an insurer charged too little for a policy to replace farms in the English countryside, Farmer Brown might be less careful about cows knocking over oil lamps in the barn.

In time, the economists got their hands on "moral hazard," and the first thing they did was strip out the heavy moral freight to make the concept value-neutral. Now moral hazard became less about judgment and more about the economic "inefficiencies" that occur in riskless environments.

We're back to the original meaning. Losing tons of money for an institution is an economic inefficiency. Lose the nation's financial structure, however, and moral fingers get wagged.
moral_hazards  Daniel_Henninger  automotive_industry  TARP  inefficiencies  riskless  19th_century 
june 2012 by jerryking
Even the Prostitutes Have Degrees -
January 31, 2003 | WSJ | Daniel Henninger.

Accountability and responsibility may well be the two words Mr. Bush hopes most to deposit in our political vocabulary....Africa is the one big place in the world no one in politics wants to think about. Africa is "hopeless." Our leaders in Washington, however, can't escape Africa's realities entirely because they spend each day in the back seat of taxis driven by black men who have fled from Africa's non-functioning economies. It is always disconcerting when one talks with these African taxi drivers to find they are often better educated than American blacks in similar jobs. They are in America not because Africa is stupid but because Africa's politicians are often corrupt and have stupid ideas that ruin the people beneath them.
Daniel_Henninger  HIV  Africa  Kenya  Non-Integrating_Gap  hopelessness  failed_states  politicians  misgovernance  misrule  corruption  poor_governance 
june 2012 by jerryking
Henninger: The Age of Indiscretion -
April 25, 2012, 6:48 p.m. ET

The Age of Indiscretion
GSA partiers in Vegas and Secret Service revelers in Cartagena make it clear that discretion is dead.

Daniel_Henninger  scandals  discretion  humility  etiquette  public_decorum  popular_culture  personal_responsibility 
april 2012 by jerryking
Forstmann's Not So Little Idea -
NOVEMBER 10, 2011
Forstmann's Not So Little Idea
Ted Forstmann put his money behind the missing element in inner-city education: committed parents.
Daniel_Henninger  private_equity  philanthropy  moguls  parenting  benefactors  Ted_Forstmann 
november 2011 by jerryking
Henninger: WikiLeaks R Us -
* DECEMBER 2, 2010

WikiLeaks R Us
We can't put the Internet genie back in the bottle.

WikiLeaks  Daniel_Henninger 
december 2010 by jerryking
Daniel Henninger: Capitalism Saved the Miners -
OCTOBER 14, 2010 | WSJ | By DANIEL HENNINGER. Capitalism
Saved the Miners
The profit = innovation dynamic was everywhere at the mine rescue site.
In an open economy, you will never know what is out there on the
leading developmental edge of this or that industry. But the reality
behind the miracles is the same: Someone innovates something useful,
makes money from it, and re-innovates, or someone else trumps their
innovation. Most of the time, no one notices. All it does is create
jobs, wealth and well-being. But without this system running in the
background, without the year-over-year progress embedded in these
capitalist innovations, those trapped miners would be dead. ...What's
needed now is a new American economic model that lets our innovators
rescue the rest of us.
innovation  Chile  mining  Daniel_Henninger  capitalism  dynamism 
october 2010 by jerryking
Daniel Henninger: Obama and the Speech -
* JULY 16, 2009

Obama and the Speech
What is the point and purpose of the President's orations?

Daniel_Henninger  Obama  public_speaking  rhetoric 
july 2009 by jerryking
Iran 2.0 -
JUNE 25, 2009 | Wall Street Journal | by DANIEL HENNINGER.
Iranian nascent democrats are utilizing Web 2.0 tools, tapping the
technology's individualizing power, to jab at the bureaucrats running
the regime.
Daniel_Henninger  Iran  Web_2.0  geopolitics 
june 2009 by jerryking
Obama's America: Too Fat to Fail -
JUNE 4, 2009

Obama's America: Too Fat to Fail
The age of the induced industrial coma.

soft_landings  automotive_industry  too_big_to_fail  Daniel_Henninger  public_sector 
june 2009 by jerryking
Henninger: Pirates Vs. the Rest of Us -
* APRIL 16, 2009, 12:26 A.M. ET

Pirates Vs. the Rest of Us

Somalia  piracy  Daniel_Henninger 
april 2009 by jerryking
David Mamet's Revision
March 20, 2008 | Wall Street Journal | by Daniel Henninger
Daniel_Henninger  WONDER_LAND  conservatism  liberalism  playwrights 
march 2009 by jerryking
Without Restraint Tides of confusion have washed up Mark Foley, Wonder Land -
Friday, October 6, 2006 WSJ columnist by DANIEL HENNINGER.
Clipped because there is an interesting paragraph on clarity of thought.

As a result, we live now in an era awash in cultural confusions. The tides bring in weird phenomena, like the Mark Foley story, leave them on the beach overnight, then drag them back out to sea before there's time to make much sense of what we saw. As often as not, we don't even try. The Web and digital technology have ramped up the cultural velocity to warp speed. MySpace, YouTube -- the once-bright line between the private and public spheres has evaporated.

This has had an effect on the way we think, or don't. Clarity -- thinking clearly -- is harder than ever to achieve, because clarity assumes a degree of general social agreement about things. For instance, time was that most people would agree that putting a crucifix in urine and calling it art doesn't qualify as anything but bad thinking. But no, we had to have a big argument over that. At the end of her current stage act, Madonna makes herself the central figure in a crucifixion scene. No problem. Most reviewers simply describe it, and move on.

Challenge over the past 40 years became a more powerful social value than clarity. One of the byproducts of challenge is that you don't have to think very much -- about the point or the consequences. Just do it. The act of challenge is its own justification. And one of the byproducts of constant challenge is aggressive confusion.
op_ed  Daniel_Henninger  WONDER_LAND  social_media  Madonna  clarity  cultural_change  revenge_effects  controversies  warp_speed  social_challenge 
february 2009 by jerryking
Obama and Race -
Feb. 21, 2008 op-ed piece by Daniel Henniger looking at Barack
Obama through the lens of Bill Cosby's 1980s TV sitcom. he argues that
Bill Cosby was trying to stanch the downward pitch of black street
culture--and lost.
Obama  African-Americans  politics  culture  Daniel_Henninger  Bill_Cosby  social_classes 
january 2009 by jerryking
The Rebirth of Civility -
April 12, 2007 op-ed by Daniel Henniger on the merits of a code of conduct for bloggers.
Web_2.0  civility  Daniel_Henninger  courtesies 
january 2009 by jerryking
America Needs Its Frontier Spirit -
Daniel Henniger piece on the potential that an overreaction to
the current financial crisis can play in dampening America's historic
appetite for risk taking.
crisis  finance  History  risk-taking  culture  Daniel_Henninger  risk-appetite  economic_dynamism 
january 2009 by jerryking
Mad Max and the Meltdown -
Daniel Henniger piece on the dangers that can arise in
financial markets as society pulls back on religious-inspired, moral
codes of personal behaviour. The erosion of responsibility, restraint
and remorse.
religion  capitalism  christmas  crisis  Daniel_Henninger  moral_codes  personal_responsibility  economics  financial_markets  values  personal_behaviour  shame  remorse  self-restraint 
january 2009 by jerryking

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