Monday 1 February 2016

Occam's Razor and stuff like that (Feb. 3)

DIARY

The curious incident at the car wash

                        by Robert LaFrance

             Poor Leroy Finklestein. He took his 1989 Gremlin in to the self-serve car wash and didn’t get out for three days. His wife was starting to wonder, and, of course, hoping he wouldn’t return at all because theirs is a marriage of inconvenience.
             But he did return. On Monday morning the owner of the car wash, Aloyisius Finklestein (no relation), opened up the door to find his shop awash in Gremlin parts; crouching in the middle was Leroy, whose seat belt had rusted and fused so that he couldn’t get it unbuckled.
             After all that, Leroy’s only regret was that he had lost his favourite car. Well, not exactly LOST, but certainly lost in the sense that the remaining parts can now fit in a laptop case. As to the cause of the problem with the car wash, it was a computer sensor that had shorted out against an LED circuit board. Leroy’s cheques (from the carwash and the insurance company) came to a total of $43.12 and that included $25 in lost wages from his employer, and the $10 valuation of his Gremlin.
             He took his complaint to his lawyer, who, when he found out the ‘car’ was a Gremlin, said he had come out lucky. He then sent Leroy a bill for $140.
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             I spend a lot of time thinking about softwood logs of which I see truckloads going in opposite directions.
             Reading that previous sentence, you no doubt thought that I have ‘taken leave of my senses’ as the phrase goes, but it’s an important issue we must address before next Thursday, or possibly the weekend.
         I was standing near Perth Library yesterday morning and I was watching the logging trucks go by. There was some space along the boardwalk across the street from the two buildings that once were drug stores and the driver pulled over to stop. Of course I had to go bother him.
            It was Clyde Rivers, originally from Clyde River, NS. “Explain something for me, willya Clyde?” I asked, offering him a cigarette, which was a little strange right there because neither one of us smokes. He declined and inclined under the trailer to look at some problem or other.
            When he returned 20 minutes later (I am a rather persistent reporter) I said to him: “Could you explain how it makes economic sense to take a huge load of softwood logs from the Plaster Rock area to Edmundston, when on the way you will meet truckloads of softwood logs coming from the Edmundston area?”
            “It makes sense,” he said carefully, “because every week I get my paycheque. Didn’t you ever hear of Occam’s Razor?”
             I looked it up. It is a concept developed in the 1300s by a guy named William of Occam in England: If you have two explanations for something, choose the simpler one. Rather than looking at the economics of softwood logs, look at Clyde and his bank account.
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            Speaking of banks, I wish that I had bought stock shares of the Royal Bank of Canada, indeed of any of the chartered banks who, no matter if our economy is tanking (as they say, referring to an oil tanker I suppose) the banks always come out smelling like some very expensive roses.
            RBC, as the bank now calls itself in an effort to hide from its laid-off workers, made a profit of $10 BILLION last year. That is 15% more than the entire Gross Domestic Product of the African country of Niger.
             In 2014 the bank had made some great headlines – from journalists’ points of view, not theirs – when they announced that year’s huge profits ($9 billion plus) and within a month announced they would be laying off workers and replacing them with ‘out-sourced’ ones, from other countries. That wasn’t the kicker though. The workers being laid off were asked to train the new workers who would be replacing them at 60% the salaries.
             The bank quickly backed off that little plan for the sake of public relations, but that didn’t faze the higher-ups in the RBC. (See, I’m doing it too!) Shortly after they announced the $10 billion profit for 2015, executives said they needed this profit to deal with “problems caused by the slump in oil prices”. Poor guys. They went on to say they were eliminating 528 positions, ‘mostly’ through retirements and attrition. ‘Mostly’ can be 50.1%.
             In the interest of journalistic integrity, it’s time for me to confess that I worked for the Royal Bank of Canada from 1967 to 1969. Just think, if I had stuck with it I could have been one of those people announcing layoffs and lying about the real reason - G-R-E-E-D.
  I would have done it too. Like Clyde, I shave with Ocam’s Razor.                                                                                           -end-            

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