QUOD SCRIPSI SCRIPSI

Month: June, 2012

Remembering the Six-Day War

Won in six hours, today marks the beginning (and end?) of the Six Day War.

http://www.jewishvirtuallibrary.org/jsource/History/67_War.html

From Salon: http://www.salon.com/2007/06/04/six_day_war/singleton/

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The Lacrosse Ruse of 1763

Defining what it means to be “English,” on a June day in 1763 British Major George Etherington, commandant of Fort Michilimackinac, happily allowed himself to be caught unaware. Why? The Native Americans had kindly invited him to watch a friendly match of lacrosse between two of their tribes and being British he donned his funny little white-whig while leaving his weapons at home.

He then gathered most of the garrison to watch with him. According to the major’s accounts written later, they left the gates open and their weapons back in the fort. Etherington cheered for the Ojibwe along with the two chiefs of that tribe, Minweweh and Madjeckewiss After all, the major had bet that the Ojibwe would win. [Link]

Those who are mildly steeped in frontier wars probably know what follows. The British NCOs and conscripts were massacred mercilessly. The officers were used as ransom and anyone who was French was sent packing (presumably, for the same reason that Pontiac sometimes allowed women and children to live).

The next time you want to watch a lacrosse game, keep an eye on the exits!

Markets Crash

As many no doubt know, or will know soon, the markets have crashed. Not exactly what many on the West Coast like to wake up to, but that’s that. Forbes, never one to mince words, has already called it the June Market Disaster.

There are a few things to keep mind, however:

Unemployment is not going away for years and years, regardless of who wins. If Romney wins we can expect structural unemployment for close to a decade. If Obama wins, well, just about the same. The numbers don’t lie. The economy requires 7.2 million gained jobs to replace those “lost”  and an additional 100,000 a month to keep up with population growth. If the job market returns to the rapid pace of the 1990s — adding 2.15 million private-sector jobs a year, double the 2001-2007 pace — the U.S. wouldn’t get back to a 5% unemployment rate until late 2017, Rutgers University economist Joseph Seneca estimated. And that assumes no recession between now and then. “Even with some very optimistic assumptions, it’s a long road back.” Link.

And some people on the Fed think we are already at ‘maximum’ employment. Awks.

That said, while I don’t believe that the economy is the only thing that matters to voters (and a good economy means a certain election of the Obama in November) it’s hard to spin this as anything other than a disaster for his campaign.