Friday, January 30, 2009
Four years for Bush's 'Google Bomb,' Google Quickly Defuses Obama's
Wednesday, January 28, 2009
Economists who do not support massive debt for pork aka Stimulus
Cato instutute - Fiscal Reality Central:Tuesday, January 27, 2009
Stimulus won't work - top Obama economist
Monday, January 26, 2009
Nancy Pelosi claims that $100 million for contraception will 'stimulate' the economy
Friday, January 23, 2009
Midlife coffee may help stave off dementia
Thursday, January 22, 2009
Financial fear in the UK
LONDON: An island nation that bulked up on debt and lived beyond its means. A plunging currency. And a financial system edging toward nationalization.
With the pound at a seven-year low and still falling, and the British banking system requiring ever-larger rounds of government support, it is no wonder that observers in recent days have pronounced this city "Reykjavik-on-Thames."
While that judgment seems exaggerated, there are uncomfortable echoes of Iceland's financial downfall in Britain's trajectory. And for ordinary consumers, who enjoyed a long boom that transformed the drab United Kingdom of old into Cool Britannia, fears are growing that Britain could return to the economic stagnation of the 1970s.
The pound has dropped 7.6 percent against the dollar this week and 4.2 percent against the euro.
Even though there has been a steady drumbeat of gloomy economic news for months here, the mood this week has darkened dramatically.
Cloudy SoCal
Tuesday, January 20, 2009
Hammas fires rockets from inside the Al Arabiya news studio building
But we have at least one confirmed incident of Hamas's launching rockets from a media headquarters: Al Arabiya reporter Hannan al-Masri is live on the air in Gaza when she is told that Hamas has just fired rockets from inside the Al Arabiya studio building, news which apparently strikes her as quite humorous. Watch the video below and turn on the subtitles feature. The first laugh might be dismissed as nervous laughter, but the second one can't. She is clearly amused by the launch. If the Israeli Air Force responded by striking the building housing Al Arabiya, it would have been completely justified in doing so.Follow the link to watch the video.
Sunday, January 18, 2009
Bush did great on China
The biggest boondoggle yet
An Obama appointment I can support
– Once called for changing the Clean Air Act to require a balancing of costs and benefits in setting national clean air standards – a fundamental weakening long sought by big polluters who believe it would help them resist cleanup; – Urged the federal government to devalue senior citizens in calculating the benefits of federal regulations because “A program that saves young people produces more welfare than one that saves old people.” This is a concept dubbed the “senior death discount,” and that environmentalists forced EPA Administrator Christie Todd Whitman to renounce in 2003; – Argued that it “might be better” to help future generations deal with global warming by “including approaches that make posterity richer and better able to adapt” than by “reducing emissions.” – Even raised questions about the value of cleaning up Love Canal, reducing arsenic in drinking water and using child restraints in automobiles?Progressives would’ve screamed, of course. But what will they do now that President-elect Obama appears poised to nominate Harvard Law School Professor Cass Sunstein to head the White House Office of Management and Budget’s Office of Information and Regulatory Affairs (OIRA)? For it’s actually Sunstein who has articulated the views noted above regarding clean air and the other issues involving costs, benefits and risk.
Harvey Roys, Jr., MD 1918-2009 slide show - bumped
Is Putin the Greens’ poster boy
I will use less energy. And we will too. The world demands more and more energy. Where will it come from? We at Chevron are working to provide more of it, both responsibly and efficiently. And we’re developing alternatives. But it’s just as important for all of us to do more with less.So should Putin be Chevron’s poster boy? They give credit to CEI, but I can't find it at their site. My favorite Putin defender will explain to you how the problem is all Ukraine's. But he is so one-sided that he isn't interesting to rea.
Friday, January 16, 2009
Bush Vindicated on Wiretapping
Thursday, January 15, 2009
Rehabilitating Bush - starting this week
The Endive - The News Leader of the Known Universe
A Secretary of the Treasury who doesn't pay his taxes?
We are asked to believe that a man of supposedly great financial sophistication couldn't understand a tax liability that tens of millions of Americans (including me) must pay every quarter.There are other reasons to question Giethner's judgment. Jeff Gerth of Politico writes:
As president of the New York Federal Reserve Bank, Timothy Geithner often preached that gargantuan financial firms like Citigroup should be held to the highest regulatory standards to make sure they couldn't take on too much risk. But when it came to supervising Citigroup in recent years, the record shows that the New York Fed eased the reins as the company blew billions on subprime mortgages and other risky deals that ultimately forced the biggest bank rescue in U.S. history. ... Poor risk management and weak capital levels were central to Citigroup's undoing. One enforcement agreement in place before Geithner took office in 2003 - an order requiring quarterly risk reports - was lifted during his watch. A ban on major acquisitions also was eliminated a year after it had been imposed in 2005. Afterward, in 2006 and 2007, Citigroup aggressively expanded into the subprime mortgage business and bought a hedge fund and Japanese brokerage, among other assets. A year later, as the global financial crisis took hold, Citigroup took losses and writedowns of more than $50 billion. The New York Fed brought no public enforcement case, although examiners privately sent a critical letter to the company in the first half of 2008.Byron York in NRO
Geithner accepted reimbursement for taxes he didn't pay.What if I didn't pay taxes? - Roger Simon - Politico.com:
Would it be OK if I stopped paying my taxes until Barack Obama names me to be his secretary of the treasury? That is a deal I would like to get. That is the deal financial wizard Timothy Geithner got. He didn’t pay all of his federal taxes for years. Then, after Obama decided to name him treasury secretary, Obama’s vetting team discovered Geithner’s little oversight. Not paying your taxes is considered serious for some people. But not for Geithner, a Wall Street “wonder boy”...The coverup
... So in November, Team Obama announced that Geithner had this little problem and was paying his back taxes with interest and that it was all an honest mistake and no big deal, right? Wrong. They decided to keep it a secret. But The Wall Street Journal discovered it and blew the whistle Tuesday.
Wednesday, January 14, 2009
Liberal principles and talk radio
American Founder Benjamin Franklin and Faith
"Each member of the legislature, before he takes his seat, shall make and subscribe the following declaration: 'I do believe in one God, the Creator and Governour of the Universe, the Rewarder of the good and Punisher of the wicked, and I do acknowledge the Scriptures of the Old and New Testament to be given by Divine Inspiration.'"Via American Minute
Tuesday, January 13, 2009
Golden retirement for public employees - unfunded
But an even more fractious battle is emerging over the array of generous defined-benefit pensions, employer-subsidized healthcare plans, job protections and degree- and seniority-based pay scales struck by states, districts and locals of the National Education Association and American Federation of Teachers. Evidence that such compensation fails to reward high-quality instruction or lure collegians into teaching, along with No Child's provision that all teachers must be well-versed in the subjects they teach, are forcing states and districts to rethink teacher compensation. The development of a statistical technique called value-added assessment -- which allows individual student test-score growth to be measured against those in the same grade -- also means that teacher performance can be objectively measured and rewarded accordingly. This is a battle already seen in districts such as D.C. Public Schools, where Chancellor Michelle Rhee is sparring with the AFT local over a pay plan that would allow teachers to increase pay by as much as $43,000 a year if they subject themselves to more-rigorous performance evaluations, as I've noted this month in Labor Watch, a newsletter on labor reform published by the Capital Research Center. But it is the mounting costs of the lavish retirement deals -- fueled by the upcoming retirement of Baby Boomers -- that will likely force states into embracing performance-based pay plans.This article is at the national level, but we have the same huge problem in Washington.
