Video: Tour of the Moon in 4K

Take a virtual tour of the Moon in all-new 4K resolution, thanks to data provided by NASA's Lunar Reconnaissance Orbiter spacecraft. As the visualization moves around the near side, far side, north and south poles, we highlight interesting features, sites, and information gathered on the lunar terrain.https://www.youtube.com/watch?v=nr5Pj6GQL2o

Make Literature a Part of Your Life with “Read with Me”

From Lisa VanDamme:

I am writing to notify you about two big Read With Me announcements.

The first is that the app is now available free of charge, to eliminate the financial barrier in front of anyone who can't afford it or doesn't understand its value. If you go to the web app, or download the app for iPhone or Android, you will have immediate access to the full library of works, including Hugo's Notre Dame de Paris and Ninety Three, Sinclair Lewis's Arrowsmith, Tolstoy's Kreutzer Sonata, and more.

The second is that on December 2nd, a week from Sunday, I will begin leading readers through Dostoevsky’s Crime and Punishment. If you'd like to join me and other members on this literary journey, now is the perfect time to download the app.

Dostoevsky said of his faith, “My hosanna has passed through a great crucible of doubt.” I believe it is that crucible – that fathomless depth and merciless rigor of thought, that unyielding determination to leave no psychological stone unturned, that intensity of moral ambition – that makes Dostoevsky required reading for everyone, believers and non-believers alike.

Too often, we adopt our own convictions with unthinking ease, rather than subjecting them to a crucible. My goal in starting Read With Me was to create a community of readers and accompany them on a journey through great works of literature that will challenge, deepen, and expand our outlook on life. Dostoevsky will.

As I said, anyone and everyone can now try Read With Me, because there is no longer a required subscription fee. I am a zealot on a literary mission, determined to show people what they stand to gain when they crack the pages of musty, old, beautiful, timeless books. Those who enjoy, and can afford, and want to support the existence of this program can become voluntary $10/month subscribers through Patreon.

I am not a professional actor. I am not a literary scholar. What I am is a sincere reader and a passionate lover of literature. You can think of the Read With Me app as providing you a book-loving friend in your pocket, always happy to read to you from my heart and to share with you what fascinates me about what we are reading.

Try Read With Me. Share it with the would-be readers in your life. Make literature part of your life.

https://readwithmebookgroup.com

Lisa VanDamme’s Wonderful Literature Program “Read with Me” is Now Free

From Lisa VanDamme:

I am writing to notify you about two big Read With Me announcements.

The first is that the app is now available free of charge, to eliminate the financial barrier in front of anyone who can't afford it or doesn't understand its value. If you go to the web app, or download the app for iPhone or Android, you will have immediate access to the full library of works, including Hugo's Notre Dame de Paris and Ninety Three, Sinclair Lewis's Arrowsmith, Tolstoy's Kreutzer Sonata, and more.

The second is that on December 2nd, a week from Sunday, I will begin leading readers through Dostoevsky’s Crime and Punishment. If you'd like to join me and other members on this literary journey, now is the perfect time to download the app.

Dostoevsky said of his faith, “My hosanna has passed through a great crucible of doubt.” I believe it is that crucible – that fathomless depth and merciless rigor of thought, that unyielding determination to leave no psychological stone unturned, that intensity of moral ambition – that makes Dostoevsky required reading for everyone, believers and non-believers alike.

Too often, we adopt our own convictions with unthinking ease, rather than subjecting them to a crucible. My goal in starting Read With Me was to create a community of readers and accompany them on a journey through great works of literature that will challenge, deepen, and expand our outlook on life. Dostoevsky will.

As I said, anyone and everyone can now try Read With Me, because there is no longer a required subscription fee. I am a zealot on a literary mission, determined to show people what they stand to gain when they crack the pages of musty, old, beautiful, timeless books. Those who enjoy, and can afford, and want to support the existence of this program can become voluntary $10/month subscribers through Patreon.

I am not a professional actor. I am not a literary scholar. What I am is a sincere reader and a passionate lover of literature. You can think of the Read With Me app as providing you a book-loving friend in your pocket, always happy to read to you from my heart and to share with you what fascinates me about what we are reading.

Try Read With Me. Share it with the would-be readers in your life. Make literature part of your life.

https://readwithmebookgroup.com

Salsman vs. Buffet on Investing

Richard Salsman exposes the falsehoods behind the active vs passive false alternative in The Daily Capitalist.Writes Salsman in "Buffett Won the Bet – and Missed the Point":

Mr. Buffett writes, “Investors, on average and over time, will do better with a low-cost index fund than with a group of funds of funds.” Well, that’s surely true for capital whose owners are willing to forgo potentially higher returns in exchange for lower risk and the guaranteed mediocrity of average gains and losses. For all other capital, however, the opposite is true. It takes outsized gains like Mr. Buffett’s to inspire and arm us to make progress. Similarly it can take outsized gains and losses to expose the truth, promote the outperformers, and keep yesterday’s under-performing strategies and managers from interfering with a better tomorrow.
Active-passive is thus a false choice.  All investing success depends on active thinking, buying and selling.
Still, Buffett concludes with cynicism:

“Human behavior won’t change. Wealthy individuals, pension funds, endowments and the like will continue to feel they deserve something ‘extra’ in investment advice. Those advisors who cleverly play to this expectation will get very rich. This year the magic potion may be hedge funds, next year something else. The likely result from this parade of promises is predicted in an adage: ‘When a person with money meets a person with experience, the one with experience ends up with the money and the one with money leaves with experience.’”

It’s true that human nature is constant, but our natural capacity for reason and infinite progress is precisely what makes such cynicism naïve.  In all cases, better inputs make consistent outperformance possible. Berkshire Hathaway’s track record proves this for stock picking and allocating. Our track record proves this for using price relationships to forecast headwinds, tailwinds and inflection points, and to profitably allocate within one or more of the 5 major asset classes and subclasses.

Read the rest at The Daily Capitalist.

Salsman: Socialism Works Wonderfully

Writes Richard Salsman on why Socialism Worked in Venezuela | AIER:

"...socialists don’t expect their system to work in the sense of creating liberty, prosperity, and peace. First and foremost, they expect it to work to seize the means of production, human capital included. Then they expect it to entail, in their own words, a “dictatorship of the proletariat.” They expect it’ll destroy liberty and prosperity.  In this sense, history demonstrates unequivocally that socialism works wonderfully."

Definitely worth a read.

UK’s Health Service Worse Than Average In Saving Lives

NHS 'worse than average in treating eight common causes of death' | Society | The Guardian:

The research was carried out by the Nuffield Trust, the Health Foundation, the Institute for Fiscal Studies (IFS) and the King’s Fund. It determined that, with the NHS free at the point of use, the UK had the lowest proportion of people who avoided healthcare due to cost. Just 2.3% did so in 2016 compared with an average of 7.2% across the 19 countries, including France, Germany, Italy, Japan and the US. However, the UK’s health service performed worse than average in the treatment of eight out of the 12 most common causes of death. They included deaths within 30 days of having a heart attack and within five years of being diagnosed with breast cancer, rectal cancer, colon cancer, pancreatic cancer and lung cancer. The NHS was also the third-poorest performer in cases where medical intervention should have prevented death, and had consistently higher death rates for babies at birth or just after (perinatal mortality), and in the month after birth (neonatal mortality).

 

Brian Philips “The Principles of Property Rights” Online Course Now Free

Brian Philips' online course on The Principles of Property Rights is now free online at Udemy.Here is the course description:

Property rights have long been a part of America’s political heritage. Indeed, the Founding Fathers wrote extensively on the importance of protecting property rights. But property rights are under attack in America today. Part of the reason for the success of these attacks is imprecise or fuzzy thinking. Even many advocates of property rights are unable to clearly define the concept, and thus, they are unable to provide a consistent and principled defense. In this course, we will examine the principles that underlie property rights, as well as the principles underlying attacks on property rights. Only by understanding these principles can we clearly defend property rights and refute the claims of their enemies. Who is the target audience? Business owners harmed by regulations Property owners restricted by land-use regulations Organizations involved in defending property rights.

Link: The Principles of Property Rights

Brian Philips Online Course: The Principles of Property Rights

Brian Philips' online course on The Principles of Property Rights is now free online at Udemy.Here is the course description:

Property rights have long been a part of America’s political heritage. Indeed, the Founding Fathers wrote extensively on the importance of protecting property rights. But property rights are under attack in America today. Part of the reason for the success of these attacks is imprecise or fuzzy thinking. Even many advocates of property rights are unable to clearly define the concept, and thus, they are unable to provide a consistent and principled defense. In this course, we will examine the principles that underlie property rights, as well as the principles underlying attacks on property rights. Only by understanding these principles can we clearly defend property rights and refute the claims of their enemies. Who is the target audience? Business owners harmed by regulations Property owners restricted by land-use regulations Organizations involved in defending property rights.

Link: The Principles of Property Rights

Yuval Noah Harari’s Sapiens: ‘Infotainment’ Posing As Knowledge

Anthropologist C.R.Hallpike, reviews Sapiens: A Brief History of Humankind by Yuval Noah Harari and finds it wanting:
The biological title Sapiens is intended to give the impression of a work of hard-nosed science in the Darwinian tradition. Human history is presented as 'the next stage in the continuum of physics to chemistry to biology', and our ultimate destiny, and not so very ultimate either, is to be replaced by intelligent machines. It is a summary of human cultural and social evolution from stone age foraging bands through the agricultural revolution, writing and the rise of the state and large-scale societies, through the gradual process of global unification through empires, money, and the world religions, to the scientific revolution that began the modern world and its consequences.[...]Summing up the book as a whole, one has often had to point out how surprisingly little he seems to have read on quite a number of essential topics. It would be fair to say that whenever his facts are broadly correct they are not new, and whenever he tries to strike out on his own he often gets things wrong, sometimes seriously. So we should not judge Sapiens as a serious contribution to knowledge but as 'infotainment', a publishing event to titillate its readers by a wild intellectual ride across the landscape of history, dotted with sensational displays of speculation, and ending with blood-curdling predictions about human destiny. By these criteria it is a most successful book.
You can read the whole thing here.

New Maria Montessori Education Podcast

“Let us imagine ourselves among a race of giants who differ from us in proportion as we differ from the child and we ourselves are forced to use the giant’s furniture, dishes and possessions. If we want to sit down, we have to climb on to a chair with our hands and feet. If we want to move the chair, we have to climb down the same way and move this great weight. We want to wash our hands but the [sink] is like a big bath tub. … It takes two hands to use a hairbrush. Everything is so high that we cannot use anything (without asking for help), doors to open, hooks on which to hang our clothes and other things. We are unable to do things we need to do and we feel the humiliation resulting from our failure to act. We certainly would disdain these giant people and not wish to live with them, if we knew they had prepared nothing so we might act. — Maria Montessori"A century ago, Dr. Maria Montessori introduced the world to a new type of classroom — the "prepared environment" — which did away with the traditional teacher-as-master model in exchange for a wholly new method that encourages each child to happily develop mastery over himself. But what happens when a teacher or parent is no longer the "giant" ruler of the classroom or home, when children are allowed to direct their own development — won't they then just go wild? No. In fact, in the right environment, the opposite occurs. As countless teachers and parents have experienced firsthand since 1907 (the year Dr. Montessori opened her original school in Rome), children truly transform themselves in Montessori classrooms and in Montessori homes. With adult guidance, they develop into independent individuals who are competent in the world, confident in themselves, and capable of connecting peacefully with others." -- Jesse McCarthy

To help introduce the Montessori Method to parents and teachers in the 21st century Jesse McCarthy of montessorieducation.com has launched a new podcast -- now three episodes in. "Interviews range from What is Montessori?, to the challenges and fun of working with infants & toddlers, to becoming a Montessori parent. And there will be many more episodes and topics to come! ... Current episodes range from about 20 to 30 minutes and offer listeners a chance to delve a little deeper into the world of thoughtful, down-to-earth parenting & teaching, with an emphasis on us adults growing right alongside children."You can listen in here: https://www.montessorieducation.com/podcast.

New Maria Montessori Education Podcast

“Let us imagine ourselves among a race of giants who differ from us in proportion as we differ from the child and we ourselves are forced to use the giant’s furniture, dishes and possessions. If we want to sit down, we have to climb on to a chair with our hands and feet. If we want to move the chair, we have to climb down the same way and move this great weight. We want to wash our hands but the [sink] is like a big bath tub. … It takes two hands to use a hairbrush. Everything is so high that we cannot use anything (without asking for help), doors to open, hooks on which to hang our clothes and other things. We are unable to do things we need to do and we feel the humiliation resulting from our failure to act. We certainly would disdain these giant people and not wish to live with them, if we knew they had prepared nothing so we might act. — Maria Montessori"A century ago, Dr. Maria Montessori introduced the world to a new type of classroom — the "prepared environment" — which did away with the traditional teacher-as-master model in exchange for a wholly new method that encourages each child to happily develop mastery over himself. But what happens when a teacher or parent is no longer the "giant" ruler of the classroom or home, when children are allowed to direct their own development — won't they then just go wild? No. In fact, in the right environment, the opposite occurs. As countless teachers and parents have experienced firsthand since 1907 (the year Dr. Montessori opened her original school in Rome), children truly transform themselves in Montessori classrooms and in Montessori homes. With adult guidance, they develop into independent individuals who are competent in the world, confident in themselves, and capable of connecting peacefully with others." -- Jesse McCarthy

To help introduce the Montessori Method to parents and teachers in the 21st century Jesse McCarthy of montessorieducation.com has launched a new podcast -- now three episodes in. "Interviews range from What is Montessori?, to the challenges and fun of working with infants & toddlers, to becoming a Montessori parent. And there will be many more episodes and topics to come! ... Current episodes range from about 20 to 30 minutes and offer listeners a chance to delve a little deeper into the world of thoughtful, down-to-earth parenting & teaching, with an emphasis on us adults growing right alongside children."You can listen in here: https://www.montessorieducation.com/podcast.

Mossoff: Patents are Not Monopoly Grants But Property Rights

The statement below is from Professor Adam Mossoff, whose law review articles (here and here) were heavily cited in Justice Gorsuch’s dissent (joined by Chief Justice Roberts) in today’s opinion in Oil States v. Greene’s Energy:
For the first time, the Supreme Court holds that patents for new inventions are regulatory grants similar to monopoly grants for bridges or toll roads. The decision ignores the Supreme Court’s own substantial case law over the past two centuries that patents are private property rights that secure the fruits of productive labors under the Constitution—like all other property rights in homes, farms, and animals. Instead, the Court rules that the U.S. follows the original practice by English Kings and Queens who bestowed royal privileges on their subjects as “patent” grants, applying to U.S. patent owners the historical dictum that “what the government giveth, the government can taketh away.”As the dissenting Justices point out, this turns the Constitution and the U.S. patent system on their heads. It perverts the function of the constitutional protections afforded to the property rights of all U.S. citizens, an increasingly commonplace occurrence today under the growing and all-encompassing administrative state. It also undermines the foundation that patents provide to the U.S. innovation economy, as stable and effective property rights are the necessary platform from which inventors, venture capitalists, and companies create the new products and services that have made life a modern miracle. - Adam Mossoff, Professor of Law, Antonin Scalia Law School, George Mason University

Astronaut Chris Hadfield Debunks Space Myths

https://www.youtube.com/watch?v=t6rHHnABoT8Former astronaut Chris Hadfield helps debunk (and confirm!) some common myths about space. Is there any sound in space? Does space smell like burnt steak? Is NASA working on warp speed?

John Allison: The 2008 Financial Crisis Was Caused By Regulatory Policy

From A Conversation With John Allison, the CEO Who Led BB&T Through the Financial Crisis:

The Fool: In your opinion, what caused the crisis?

Allison: I view the crisis differently than a lot of people. I was a long-serving CEO when the crisis struck and I think the whole thing was caused by regulatory policy.Yes, some big banks made mistakes. But it was a combination of government housing policy, Fannie Mae and Freddie Mac in particular, which had $5 trillion in liabilities and $2 trillion in subprime mortgages when they failed, and the Federal Reserve, which held interest rates below inflation, that contributed to the bubble in the housing market, along with bubbles in other markets.I don't believe the whole industry was failing. I think that's ridiculous. It was a relatively small number of large institutions that were in trouble. Banks like Citigroup. I think they should have been allowed to fail and the world would be a better place today.The whole idea that everybody would have gone broke if one of the big banks failed was absurd. We had been doing business with investment banks like Bear Stearns andGoldman Sachs, but we controlled our risk with those companies just like we did with any borrower. If they had gone broke, we would have lost money, but not nearly as much as we lost to residential builders in the marketplace.It was a relatively small number of large banks and a handful of small banks that were in trouble. It was not an industrywide crisis, except to the degree that the regulators created a crisis by choosing to fail Wachovia, save Citigroup, fail Lehman Brothers, save Bear Stearns. The uncertainty caused by that response took what was going to be a normal correction and transformed it into a crisis, making everything worse than it had to be. The Fool: How did regulators' response to the financial crisis differ from their responses in past crises that you witnessed?Allison: I went through the financial correction in the early 1980s, which should have been more severe because we were in bad trouble economically after the inflation of the 1970s. I also went through the correction in the early 1990s. In neither case did we have a panic. And the reason we didn't have a panic was because at least you knew what to expect.Thousands of banks and thrifts failed in the 1980s and 1990s. The unwillingness to let banks fail in the latest crisis -- they were effectively bailing out everybody -- prevented the natural correction process from happening.We had rule of law in the past. In this crisis, we had no rule of law. When Washington Mutual failed, instead of taking the losses out of the FDIC fund, they took it from bondholders. That crashed the capital markets, which then caused Wachovia to fail. That was a regulatory decision.

The entire interview is definitely worth a read.Link: A Conversation With John Allison, the CEO Who Led BB&T Through the Financial Crisis.

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