Tag Archives: Consumer

Commentary

Is Toyota the victim of persecution by the mainstream media?

3 Comments

From National Review. (H/T ECM)

Excerpt:

For those who’ve been setting up the Japanese automaker as the latest symbol of heartless capitalism, it’s been a bewildering few days. On Wednesday the media jumped hard for the story of a man who frantically called 911 while his Prius ran away on a San Diego freeway (outstandingly gullible CBS News coverage here). Before long observers had begun poking holes in the story, and colorful details on the man’s earlier doings have been emerging all weekend. On Thursday, meanwhile, the New York Times — whose news columns had helped set the tone for the panic with accusatory coverage — ran what was actually a surprisingly good op-ed advancing the possibility that most of the Toyota cases will turn out to be the result of . . . driver error.

[…]With Audis, and in other acceleration scares affecting GM and other companies, we know that older drivers are not the only group disproportionately likely to be involved in a runaway. Others include drivers who are short in stature, who are unfamiliar with the vehicle (parking-lot attendants, new buyers), and who are taking off from a stopped position or backing up. Publicly available reports do not yet indicate whether the Toyota crashes fit all of these patterns… however… the L.A. Times compilation of fatal accidents seems to contain a striking number of drivers who were immigrants.

[…]The widely recalled low point of the Audi controversy came when CBS’s 60 Minutes ran a grossly unfair hatchet job on the automaker, complete with a bogus simulation rigged up by an expert witness working with lawyers suing Audi. This time around, it was the turn of ABC’s Brian Ross, who used, yes, an expert witness hired by litigators suing Toyota to rig up a supposed simulation of electronic failure. (Toyota promptly showed that you could get the same silly, artificial result by hooking up other automakers’ vehicles in the same way.) Matt Hardigree of Jalopnik called the results “ridiculous” and a “hoax,” while Gawker — noticing some stealthily falsified footage of tachometer results — headlined its coverage “How ABC News’ Brian Ross Staged His Toyota Death Ride” and “ABC News’ Toyota Test Fiasco.”

My view is that this is being blown out of all proportion like other media-induced scares. Fear sells newspapers.

News

John Stossel’s documentary about public schools and school choice

4 Comments

Awesome: (41 minutes)

The documentary features Jay Greene, and his book “Education Myths”, which I recommend.

Here’s an article from Jay P. Greene in National Review.

Excerpt:

This year, when you hear President Obama and congressional Democrats talk about increasing government spending to create jobs, you should understand that it isn’t really about jobs. It’s about paying off powerful interest groups that helped these Democrats gain power — a fact that’s clear from the billions they’ve directed to education.

Last month, President Obama held a jobs summit, after which he urged Congress to spend some of the money being repaid by bailed-out banks on programs to address unemployment. The House of Representatives responded by drafting legislation that, according to the Washington Post, “provides $23 billion to help states pay teacher salaries.” The curious thing is that education has actually seen an expansion in payrolls over the last two years, while every other major sector of the economy (save health care) has seen huge job losses.

According to the Bureau of Labor Statistics, the number of people employed peaked in November 2007. Over the next two years, the private sector lost more than 7 million jobs. The construction industry lost more than 1.5 million jobs. Manufacturing lost more than 2 million jobs. The education-and-health-services category, however, added more than 900,000 jobs.

My previous post on education featured a video on school choice from the Cato Institute.

Videos

MUST-SEE: Cato Institute lady explains why competition is better than monopoly

3 Comments

Look at this fun video of a young lady from the libertarian Cato Institute explaining why choice and competition are better for consumers than monopolies! (H/T Hot Air)

She is especially interested in education and has lots of wonderful statistics.

It’s only 5 minutes long! This woman (Izzy Santa) is way better than Dan Mitchell! His videos were horrible compared to this one. I can actually understand what this lady is saying, and she makes fun gestures when she talks. She says “rotten”! The charts are really helpful, too. This is probably the best thing you could ever watch to learn a little bit about why I find economics so interesting. This is really something that all women should know a lot about to help them to be excellent wives and mothers.

You might want to send this post to your friends and family who may think that the best thing for education is to give public schools more money. It may be that the best way to get better public schools for less money is to make them compete with private, parochial and charter schools.

Moral hazard and the recession

Here’s another video on moral hazards, which explains how we got the recession:

This one is only 4 minutes long. I don’t think it’s quite as good as the first one. The lady who is presenting is from the Independent Women’s Forum. I love that think tank! They have Carrie Lukas on staff. She is the author of “The Politically Incorrect Guide to Women, Sex and Feminism”.