The NHL and Goals Scored

Wild

I’m experiencing a resurgence in NHL hockey.  This can be attributed to 3 (4) things:

  1. The Wild made huge news with the signing of Parise and Suter last season – and then the season was shortened.
  2. The Wild signed Thomas Vanek – s favorite of mine when he won the National Championship with the Gophers.
  3. My brother is wild about hockey.
  4. I’m losing interest in the NFL

So, now that the Wild have those three studs, the younger skaters and a full season – I’m all in.  I’ve purchased the NHL package and am watching more hockey in these first few weeks than I’ve watched since the Stars fought the Hawks for playoff wins.

And I love stats.  So, here is the first shot:

How many goals does a team need to score in order to win more than 50% of their games?  Based on the 2013 season?  Four.

Winning Score Games Won Ratio Winning Ratio
1 34 2.8% 2.8%
2 183 14.9% 17.6%
3 342 27.8% 45.4%
4 339 27.6% 73.0%
5 214 17.4% 90.4%
6 86 7.0% 97.4%
7 27 2.2% 99.6%
8 3 0.2% 99.8%
9 2 0.2% 100.0%

Adrian Peterson – Should He Play

Minnesota Vikings

Adrian Peterson, a  running back for the Minnesota Vikings has been inactive and suspended for much of the season after reports surfaced that he ‘switched’ his child too the point of welts, open wounds and bruises.  Adrian lives in Texas where such discipline  is legal as long as the child is not in danger.  That being said, a grand jury indicted him on felony child abuse charges.

Today Peterson pleaded no-contest to misdemeanor charges which will let him off with no jail time and a minimal fine.   This result, while not surprising, is sure to upset a number of fans and child advocates.

My take- Adrian Peterson was disciplining his child in a way and manner consistent with a parent’s right.  That said, the parenting technique of switching or even spanking, is an old one with significant studies showing that such techniques are counter productive.  Peterson was raised in an environment where such disciplining techniques were, and remain, common.

Adrian Peterson is guilty of ignorance, not child abuse.

Now, what do the Vikings do?  My hope is that they partner with Peterson and local and national child advocate s and launch a parenting awareness campaign.  If they can use AP’s profile in the hopes of educating people on the proper use of discipline, the conditions surrounding the unfortunate events can be transformed into a positive.

Election Night

Election Night

With Arkansas now in, the republicans need 10 more wins and stand and need net +4 to win the senate.

——

Early results are following expectations.

Kentucky to McConnell and the republicans sweep South Carolina.  That’s 3.

As a side point – South Carolina just elected the first black senator from the South and just the 5th ever.  Further, they elected a Indian-American woman as governor.

Battle For the Senate -2014 Election Tracker

Republican vs Democrat

Tuesday is a big day – the control of the Senate will be decided as 36 Senate seats are up for election.  For fun I’ve been watching the polling and have been keeping track of the races.  My spreadsheet is below and shows the races not up for election and the ones I’ve called:

 

Contest Republican Democrat
Not 2014 Election 30 34
Kansas
Georgia
Iowa
North Carolina
Alaska
Colorado 1
Louisiana 1
New Hampshire 1
Arkansas 1
Minnesota 1
Kentucky 1
West Virginia 1
Michigan 1
Virginia 1
New Mexico 1
South Dakota 1
Mississippi 1
Illinois 1
Oregon 1
South Carolina 1
Maine 1
Tennessee 1
Deleware 1
Montana 1
South Carolina 1
New Jersey 1
Nebraska 1
Idaho 1
Massachhusetts 1
Hawaii 1
Rhode Island 1
Texas 1
Oklahoma 1
Oklahoma 1
Wyoming 1
Alabama 1
Total Seats 49 46

Going into the election I have Republicans needing 2 to win and Democrats needing 4.  The races in play are listed above.

Stay tuned for election night results.

Why Capitalism Is Good

Wal MartSo much is said regarding ‘greed’ and ‘corporations’.  Let’s not forget that until the advent of free trade and individual property rights – the common peasant was destined to farm the same land with the same tools as their ancestors.

The benefits of free trade:

NEW YORK (MarketWatch) — Wal-Mart Stores Inc. pushed down prices for some generic prescription drugs to just $4 eight years ago, setting a new industry standard. Now it is trying to do the same for seeing a doctor.

On Friday, a Walmart Care Clinic opened in Dalton, Ga., six months after Walmart U.S., the retailer’s WMT, +0.27%   biggest unit, entered the business of providing primary health care. It now operates a dozen clinics in rural Texas, South Carolina and Georgia and has increased its target for openings this year to 17.

An office visit costs $40, which Walmart U.S. says is about half the industry standard, and just $4 for Walmart U.S. employees and family members with the company’s insurance. A pregnancy test costs just $3, and a cholesterol test $8. A typical retail clinic offers acute care only. But a Walmart Care Clinic also treats chronic conditions such as diabetes. (Walmart U.S. also leases space in its stores to 94 clinics owned by others that set their own pricing.)

“It was very important to us that we establish a retail price in the health-care industry because price leadership matters to us,” said Jennifer LaPerre, a Walmart U.S. senior director responsible for health and wellness, in an interview.

Health Care is just another commodity that, when subjected to the free market, will bend to the advantage of the consumer.

Adrian Peterson

Minnesota Vikings

You have to be living under a rock if you haven’t heard about the Adrian Peterson events in the last 5 days.

Regarding Peterson and his punishment comes a comment that adds a great deal of levity.  Courtesy Althouse:

Isn’t it ironic that outrage at the unfair punishment inflicted by Adrian Peterson distorts thinking about how to punish him? Emotional overpunishment — it’s the problem, not the solution.

Indeed.

The Demand Curve Is Not Optional

Demand CurveWe will find ways to meet the supply:

 

More than half of the cigarettes for sale in New York are smuggled into the state illegally – the highest percentage in the country, according to a recent report from the Tax Foundation.

According to the non-partisan research group, increased excise taxes on cigarettes to discourage smoking have, in fact, created lucrative incentives for black market trafficking between states.

According to the report, 56.9 percent of the cigarettes sold in the Empire State are brought in from other states. New York state has the highest cigarette taxes in the country – a whopping $4.35 a pack. If you live in New York City, it’s another $1.50 per pack, bringing taxes to $5.85 per pack, with the overall cost of a pack in the city in the $12 to $15 range.

 

The One Percenters

 

1 percentTalking to a friend today and the concept of the 1% came up.

Who are the 1%:

  • Roughly 80 percent of millionaires in America are the first generation of their family to be rich.
  • Roughly a third were entrepreneurs or managers of nonfinancial businesses.
  • Nearly 16 percent were doctors or other medical professionals.
  • NYU sociologist Dalton Conley says that “higher-income folks work more hours than lower-wage earners do.”
  • The top 1 percent pay 36.7 percent of all federal income taxes
  • They earn just 16 percent of all income

Who Earns Minimum Wage

Fast Food Minimum Wage

One of my favorite arguments against the minimum wage is that so very few people earn it.  And those that do make the minimum wage are learning much more than the value of any money they might be making.

In short, working for free is darn near worth it at some level – think my young child who would prefer the experience over the money.

Anyway, it turns out that I am not ALWAYS right:

“I personally think we need to get more workers involved and shut these businesses down until they listen to us,” perhaps even by occupying the restaurants, said Cherri Delisline, a 27-year-old single mother from Charleston, South Carolina, who has worked at McDonald’s for 10 years and makes $7.35 an hour.

Now, to be strictly honest making $7.35 is earning more than the Federal minimum (South Carolina has no State minimum wage) but I will stipulate that after 10 years a dime doesn’t make a difference.

But here’s the rub – why is Ms. Delisline still working at McDonald’s ten years on?  In the last ten years what has she done to increase her marketability?  This, especially in light of the fact that she has, in essence, never been given a raise?

Another example:

“I don’t think $15 will make me rich. … I just want an apartment for my family and be able to have my kids in their own room, to not have to wait for the washing machine or the bathtub, and I don’t want to be behind on bills if I take time off or get sick,” said Salgado, who earns minimum wage after 12 years with the company.

Twelve years making minimum wage – how is that possible?

** Though notice that mandatory 35% wage cut die to Obamacare **

What set of circumstances has taken place that prevents even modest skill improvement that would warrant a raise or a change in jobs/careers?  How much more valuable would these young ladies time be spent learning than protesting?

Finally, whatever the case that may be preventing an ever increasing career progression, there are other life decisions that are being made that is not helping but only compounding the problem:

Delisline said she and her four girls live with her mother…

Nancy Salgado of Chicago said she and her two children…

Given that an individual is making the minimum wage, the idea that they would make the decision to start a family is incredulous.

 

Minimum Wage – Vanishing Jobs

Minimum WageLately Seattle made waves by implementing a minimum wage law that will give the city the highest minimum wage in the nation.

The intentions are sincere – the law is cruel.

This is what will happen:

Meet the robot replacement that will be “hired.”

Research is picking up for such automated replacements for fast food employees — doubtless spurred on by the current massive proposed increases in the minimum wage (and all the related costs tied to wage — social security, workers comp, unemployment compensation, etc.)

There is compensation beyond wages – and by raising the threshold to entry, Seattle is providing a disservice to its residents.