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Business/Economy (Bloggers & Personal)

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  • The most important thing to understand about the coming oil production cutbacks

    01/27/2015 4:42:52 AM PST · by thackney · 22 replies
    Resource Insights ^ | JANUARY 25, 2015 | KURT COBB
    What the current oil price slump means for world oil supply is starting to emerge. "Layoffs," "cutbacks," "delays," and "cancellations" are words one sees in headlines concerning the oil industry every day. That can only mean one thing in the long run: less supply later on than would otherwise have been the case. But perhaps the most important thing you need to understand about the coming oil production cutbacks is where they are going to come from, namely Canada and the United States. Why is this important? For one very simple reason. Without growth in production from these two countries,...
  • Raise the Flag High: Queer Farming in Rural America (USDA helping, of course)

    01/26/2015 4:20:44 PM PST · by 2ndDivisionVet · 33 replies
    Modern Farmer ^ | January 22, 2015 | Lori Rotenberk
    In a black and white photo snapped in the early 1940s, a young, central Ohio farm girl beams from beneath a straw hat. Around her neck is a small scarf; she wears a pair of overalls. The photo arrived with a simple but joyfully blunt note from the subject, now a 77-year-old farmer in rural Ohio: “Here’s me, butch Gael!”Only age 9 when it was taken, she already had a faint understanding that she was a lesbian. Aware of her differences, Gael buried a lack of love for frills in acceptable rural tomboyishness. For more than a decade she hid...
  • Obama Disses Alaska

    01/26/2015 12:45:33 PM PST · by Sean_Anthony · 12 replies
    Canada Free Press ^ | 01/26/15 | Alan Caruba
    Sen. Murkowski: “I cannot understand why this administration is willing to negotiate with Iran, but not Alaska.” Fifty million Americans who live in the northeast will experience what is predicted to be a historic blizzard from Monday evening through Tuesday. Cities and towns will virtually or literally close down. People will be told to stay indoors for their safety and to facilitate the crews that will labor to clear the roads of snow. In other words, welcome to Alaska, a place that is plenty cold most of the year and which is no stranger to snow and ice. Alaska, however,...
  • IL: 7th Circuit Court of Appeals to hear 'Assault Weapon' Ban Case

    01/26/2015 5:34:30 AM PST · by marktwain · 5 replies
    Gun Watch ^ | 25 January, 2015 | Dean Weingarten
    The 7th Circuit federal court of appeals will hear a case against a local ban on some common rifles, handguns, shotguns, and magazines.  The city of Highland Park, notorious for its anti-second amendment laws, passed an ordinance that requires residents to turn in, modify or remove the banned items from the city.   Ordinance 136(pdf) deals with "Assault Weapons".  The ordinance includes very broad boilerplate language.   Some claim that the ordinance was lifted from the City of Chicago. The definitions are broad and cover most semi-automatic rifles, and a fair number of pistols and shotguns.   Highland Park has a...
  • Euro crisis, banking crisis, debt crisis - 5 yrs rearranging deck chairs on the Titanic

    01/26/2015 5:24:20 AM PST · by alexmark1917 · 1 replies
    5 years into the euro zone crisis the ECB announces a €1.1 trillion quantitative easing programme to boost economy. Bolder than expected. Draghi Commits ECB to Trillion-Euro Asset-Purchase Plan to Fight Deflation Mario Draghi led the European Central Bank into a new era, committing to a quantitative easing program worth at least 1.1 trillion euros ($1.3 trillion) to counter the threat of a deflationary spiral. The ECB president shrugged off determined opposition led by German officials with a pledge to buy 60 billion euros every month through September next year in a once-and-for-all push to put more cash into circulation...
  • No fracking? Then no bonds, New Mexico bill says

    01/25/2015 8:06:46 PM PST · by CedarDave · 16 replies
    New Mexico Watchdog ^ | January 23, 2015 | Rob Nikolewski
    SANTA FE, N.M. — New Mexico receives about $2 billion a year in direct revenue from oil and gas production through severance taxes, property taxes and royalty and rental income. At the same time, a number of communities in the state have passed ordinances restricting oil and gas development. Now, as lawmakers start their 60-day legislative session, here comes a bill that’s sure to spark plenty of arguments. A state senator has introduced legislation that would strip severance tax bonds from communities that impose 25 percent or more in costs to mining as well as oil and natural gas production....
  • New President for Planned Parenthood

    01/25/2015 1:24:32 PM PST · by 2ndDivisionVet · 7 replies
    The Santa Barbara Independent ^ | January 24, 2015 | Lyz Hoffman
    Jenna Tosh New President/ CEO Santa Barbara Chapter of Planned Parenthood Jenna Tosh Talks about Protestors, Congress, and Her Plans for the Santa Barbara ChapterLast week, Jenna Tosh became the new leader for the tri-counties Planned Parenthood branch, replacing longtime president Cheryl Rollings, who retired last fall. With her, Tosh, 31, brings experience heading the Orlando affiliate, where she oversaw 69 staff and a $5 million budget. In charge of Santa Barbara, Ventura, and San Luis Obispo, Tosh — who holds a PhD in public policy, which she focused on teen pregnancy — will see her staff nearly double (120)...
  • President Touts Expansion of Welfare State to Boost “Middle Class” [semi-satire]

    01/25/2015 9:21:57 AM PST · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 24 Jan 2015 | John Semmens
    In his 2015 State-of-the Union address, President Obama lamented the unfairness of a society where only the few do spectacularly well. He proposed to rectify this injustice by expanding government programs that would offer pittances to a broader number of people who comply with specified behaviors. One stark example was the President’s proposal to penalize individuals who set aside money for their own children’s education with higher taxes that would be used to partially fund community college for all. “Why should those who have the means to finance their own children’s college be permitted to do so when the children...
  • Kel-Tec has a new Patent for a 33 round .22LR Magazine

    01/25/2015 5:17:00 AM PST · by marktwain · 33 replies
    Gun Watch ^ | 24 January, 2015 | Dean Weingarten
    Toby Obermeit, Lead Design Engineer at Kel-Tec, holds a PMR-30 magazine.  That magazine holds 30 .22 WMR cartridges.  The design is popular, with Kel-Tec shipping 500 of the pistols each week. I talked to Toby at the Shot Show this week.   He and Kel-Tec recently obtained a patent on a new magazine design that would create an even larger capacity for the .22LR cartridge.  It would fit in a pistol grip, with a preliminary capacity of 33 rounds. Toby said that Kel-Tec CNC has been granted the patent just a few weeks ago.  It is specifically aimed at the...
  • War Is At Our Footsteps, Countries Splurge To Do Whatever It Takes to Win.

    01/25/2015 4:37:06 AM PST · by alexmark1917 · 1 replies
    pic.twitter.com/uiT7ArqfWb — trutherbot (@trutherbot) January 20, 2015 Japan approves record defence budget, record $42b budget is to boost defences of disputed islands amid China's assertiveness in the region Japan's cabinet has approved the country's largest defence budget, with plans to buy surveillance aircraft and F-35 fighter jets to improve defences of disputed islands amid China's increasing assertiveness in the region. Prime Minister Shinzo Abe's Cabinet endorsed on Wednesday a nearly $42b defence budget for the year beginning in April, a two percent rise. The budget must still be approved by parliament, but Abe's coalition holds majorities in both houses. The...
  • Don't Self-Flagellate About White Privilege. Do Something!

    01/24/2015 10:53:18 PM PST · by 2ndDivisionVet · 47 replies
    The Huffington Post's The Blog ^ | January 20, 2015 | Professor Merrill Cole
    It's not about being a good person because racism makes you feel bad. At a recent Black Lives Matter rally, I saw a middle-aged woman come nervously to the microphone. She began to speak about her white privilege. While she chided herself for past wrongs and oversights, she said next to nothing about the events that called the rally forth: the police killings of innocent black women and men, and the failure of the justice system to hold the killers accountable. Perhaps she didn't address these issues because she feared that in doing so, she would come across as a...
  • FL: Act Compliant to Gain time and Opportunity

    01/24/2015 10:12:31 AM PST · by marktwain · 7 replies
    Gun Watch ^ | 24 January, 2015 | Dean Weingarten
    Most armed robbers are reluctant to shoot.   There can be many reasons for this, including additional scrutiny from the authorities, drawing attention to the crime in progress, even a reluctance to inflict harm.   Often, this will give the victim an opportunity to feign compliance in order to gain an advantage. It happened in this case in Florida yesterday, the 22nd of January, 2015.  The victim in this case was Fabian Rosario.  He is a surveyor who was working with a colleague on a land survey when he was approached by a suspect who pulled a gun and demanded money. ...
  • The United States Is Imploding, On The Eve Of Destruction.

    01/24/2015 6:04:06 AM PST · by alexmark1917 · 45 replies
    The United States is gradually, but unrelentingly, destroying part of itself. The facts to support this are well-documented, told in many ways from past to present. The most egregious example of Americide is our country's treatment of African-Americans. Almost everyone agrees about the evils of slavery, once dismissed simply as a Peculiar Institution. But a debate goes on about reparations, with passionate arguments on both sides, ranging from a demand for a Reparations Superfund for jobs and education, to a claim that blacks actually benefited from slavery because of the years of 'reparations' received through poverty programs. Reparations opponents insist...
  • Author who calls for studying slavery reparations speaks in Iowa

    01/23/2015 12:04:07 PM PST · by 2ndDivisionVet · 32 replies
    Radio Iowa ^ | January 22, 2015 | Dar Danielson
    A national correspondent for “The Atlantic Magazine” who gained attention for an article calling on the United States to study possible reparations for slavery was in Iowa this week to speak at Grinnell College’s Martin Luther King Junior Day events. In an interview with Radio Iowa, Ta-Nehisi Coates says the idea of reparations for slavery is as old as the country itself. “Immediately after the Revolutionary War you had black people who had been enslave by the British making that argument that post-colonial, not really colonial government, reclaimed the property of British slave holders that African Americans who had been...
  • Dart Center for Shoddy Journalism?

    01/23/2015 8:50:28 AM PST · by marktwain · 1 replies
    Gun Watch ^ | 22 January, 2015 | Dean Weingarten
    The above is a screenshot from the Dart Center for Journalism and Trauma's call for applications from journalists to attend a "workshop for journalists on covering guns and gun violence".   It is from dartcenter.org website, so you can look for yourself. In their invitation to apply for a two day workshop in which they purport to educate journalists about how to report on guns and "gun violence", they list a  highly questionable "fact". They state that: Nearly 100 school shootings have occurred since the massacre at Sandy Hook Elementary only two years ago. Presumably, this is taken from...
  • Affordable Care Excise Tax, Part III

    01/23/2015 5:45:27 AM PST · by NaturalBornConservative · 13 replies
    Natural Born Conservative ^ | January 22, 2015 | Larry Walker II
    Paying Your Fair Share:: By: Larry Walker II ::In Tax Simplification, Part II, I expounded on a 2010 Annual Report to Congress, in which National Taxpayer Advocate Nina E. Olson focused on the need for tax reform as the No. 1 priority in tax administration. In particular, she focused on the problem of delivering social benefits through the tax system, which complicates the mission of the Internal Revenue Service (IRS), resulting in a dual mission of welfare administration as well as revenue collection. But instead of taking heed, the federal government doubled down, adding a new health care excise tax...
  • Fed QE was $4trn over six years, BOJ and ECB spending a combined $1.5trn year.

    01/23/2015 5:16:22 AM PST · by alexmark1917 · 1 replies
    Fed’s $4 Trillion Holdings to Boost Growth Beyond End of QEQuantitative easing may turn out to be a gift that keeps on giving for the U.S. economy. As the Federal Reserve prepares to end its third round of bond buying next week, the central bank plans to hang on to the record$4.48 trillion balance sheet it has accumulated since announcing the first round of purchases in November 2008. That will continue to keep a lid on borrowing costs, helping the Fed lift inflation closer to its target and providing support to a five-year expansion facing headwinds abroad, from war in...
  • Typical American Smokers Burn Up at Least $1 Million During Their Lifetimes

    01/22/2015 8:04:40 PM PST · by 2ndDivisionVet · 50 replies
    Time Magazine ^ | January 22, 2015 | Kevin McSpadden
    Alaska smokers will spend over $2 million.American smokers spend at least $1 million dollars on cigarette-related expenditures over their lifetimes, according to a state-by-state analysis done by the financial consultancy company WalletHub. The most expensive state for smokers is Alaska, where the habit costs over $2 million dollars on average. For a bargain, move to South Carolina, but that still comes in at nearly $1.1 million. “I and most people really just think of the cost of cigarettes and taxes on the packs, but if you think about the healthcare costs, which can totally be avoided, healthcare insurance premiums, and...
  • New Glock w/optical site base Popular at Shot Show Industry Day at the Range

    01/22/2015 2:58:51 PM PST · by marktwain · 20 replies
    Gun Watch ^ | 22 January, 2015 | Dean Weingarten
    The new Glock 40 10mm with factory optical site mount.  A long slide version with a 6 inch barrel is available.  This could be important in some states, such as Wisconsin, which requires a minimum 5 inch barrel for hunting big game with a handgun.  I saw the pistol at the industry day at the range for the Shot Show in Las Vegas on Monday. I asked if Glock had entered this pistol in the Army competition for a new, more powerful handgun.  The representative did not know. The line to try out the new Glock was fairly long;...
  • Of Speeches and Monuments - The Quest for the Obama Presidential Library

    01/22/2015 11:31:27 AM PST · by jfd1776 · 21 replies
    Illinois Review ^ | January 22, 2015 A.D. | John F. Di Leo
    By John F. Di Leo - On Wednesday, January 21, the sun rose on a nation still licking its wounds from a beating it had taken the night before. At 9:00pm EST on Tuesday, a pugilist stood there – the Resident of 1600 Pennsylvania Avenue – safe behind a big, sturdy podium for protection, and socked the American people in the jaw, again and again, for as long as we were willing to sit out here in TV-land and take it... and the entire bodyguard that the Constitution had provided to defend them from such a beating - the House,...
  • World's first 3D-printed apartment building constructed in China

    01/21/2015 6:45:39 PM PST · by 2ndDivisionVet · 18 replies
    CNet ^ | January 20, 2015 | Michelle Starr
    A Chinese company has successfully 3D printed a five-storey apartment building and a 1,100 square metre villa from a special print material.While architectural firms compete with their designs for 3D-printed dwellings, one company in China has quietly been setting about getting the job done. In March of last year, company WinSun claimed to have printed 10 houses in 24 hours, using a proprietary 3D printer that uses a mixture of ground construction and industrial waste, such as glass and tailings, around a base of quick-drying cement mixed with a special hardening agent. Now, WinSun has further demonstrated the efficacy of...
  • First Swiss Franc, Now Euro...RBC To Charge Negative Interest On Euro-Denominated Balances

    01/21/2015 5:52:23 PM PST · by alexmark1917 · 9 replies
    First Swiss Franc, now Euro... RBC TO CHARGE NEGATIVE INTEREST ON EURO-DENOMINATED BALANCES — Russian Market (@russian_market) January 21, 2015 Opinion: Think negative interest rates can’t happen here? Think again In the last week, the markets have had to get used to the idea of the negative interest rate, where you actually get charged for keeping money in the bank rather than going out and spending it. So far, that is restricted to two relatively small economies, both of which are struggling with the likely launch of a massive program of quantitative easing this week in the eurozone. But what...
  • While You Were Sleeping, Lehman Just Happened...

    01/21/2015 2:51:17 PM PST · by alexmark1917 · 24 replies
    The "Deflationary Vortex": Global Dollar Economy Suffers Biggest Plunge Since Lehman, Down $4 Trillion One of the macroeconomic observations that has gotten absolutely no mention in recent months is the curious fact that while global economic growth has not imploded in recent quarters, it is because GDP has been represented, as is customary, in local currency terms. Of course, this comes as a time when local currencies (at least those which are not the USD) have been plunging against the greenback on the back of the expectations that the Fed will hike rates some time in the summer or later...
  • Rickards: Brace For Financial Storm 6x Larger Than 2008

    01/21/2015 12:09:48 PM PST · by alexmark1917 · 38 replies
    Over the coming months, I believe we could see an economic meltdown at least six times the size of the 2007 subprime mortgage meltdown... The next financial collapse, already on our radar screen, will not come from hedge funds or home mortgages. It will come from junk bonds, especially energy-related and emerging-market corporate debt. The Financial Times recently estimated that the total amount of energy-related corporate debt issued from 2009-2014 for exploration and development is over $5 trillion. Meanwhile, the Bank for International Settlements recently estimated that the total amount of emerging-market dollar-denominated corporate debt is over $9 trillion. Energy-sector...
  • A Terrible, Horrible, No Good, Very Bad Idea

    01/21/2015 11:35:39 AM PST · by lifeofgrace · 4 replies
    Charting Course ^ | 1/21/15 | Steve Berman
    Taxing Section 529 tax-free education plans is a terrible, horrible, no good, very bad idea. Of all the lying, broken campaign promises,and studied burglary President Obama has committed over the past six years—seven really, if you count his first campaign—this has to be the worst. He who can’t help but toot his own horn (tooting his horn was his only moment of clarity in the whole State of the Union Speech), said this last night: Of course, the education race doesn't end with a high school diploma. To compete, higher education must be within the reach of every American. (Applause.) That's why we've ended...
  • A State Of Illusion

    01/21/2015 10:23:07 AM PST · by xuberalles · 11 replies
    Self | 1/21/15 | Me
    “The shadow of crisis has passed and the State of the Union is strong!” May I digress, Mr. President? Workforce participation is at an anemic 62% (the lowest since Jimmy Carter), a record 12 million Americans have dropped out of the workforce equation (thus the fictional 5.6 jobless rate), black unemployment is the highest in 30 years and black home ownership is at its lowest level in 20 years, welfare recipients have nearly doubled to 47 million since 2008, median household income has dropped by $4,000, the national debt has skyrocketed by 7.5 trillion dollars – more than the first...
  • Ted Cruz “Excellence” Award Raises Questions About Caucus’ Union Ties

    01/20/2015 7:27:48 PM PST · by 2ndDivisionVet · 21 replies
    Deadline Hollywood ^ | January 20, 2015 | David Robb
    The Caucus for Producers, Writers & Directors’ former ties to Hollywood’s unions are coming into question in light of its recent decision to stand by its award to ultra-conservative presidential hopeful Senator Ted Cruz. The decision to give the Texas Republican its American Spirit Award had polarized the caucus’ membership, with internal objections leading to an emergency meeting of the Caucus for Producers, Writers & Directors executive committee Monday, which upheld the decision to honor Cruz. The caucus traditionally hands out American Spirit Awards to a Republican and a Democrat (California Governor Jerry Brown appears to be the choice on...
  • What Obama should really talk about tonight in his SOTU address

    01/20/2015 6:14:44 PM PST · by Starman417 · 13 replies
    Flopping Aces ^ | 01-20-15 | DrJohn
    The nation has "turned the page" on recession and war, Obama will trumpet tonight. The sad thing about Obama and the left wing media is that Obama believes something is true simply because he says it, and so does the press, who will not question it for one second. Obama is going to lie. Of that there is no doubt, but I have some thoughts about what he really should say. He will say: “The verdict is clear. Middle-class economics works. Expanding opportunity works. And these policies will continue to work, as long as politics don’t get in the way.”...
  • Obama Has Two More Years Left to Destroy the U.S.

    01/20/2015 4:31:34 PM PST · by Sean_Anthony · 12 replies
    Canada Free Press ^ | 01/20/15 | Alan Caruba
    Everything Obama has put in motion has had the single objective of destroying the nation's economy in every possible way As 2015 began the Journal Editorial Report on Fox News was devoted to having its reporters, some of the best there are, speculate on what 2015 holds in terms of who might run for president and what the economy might be. The key word here is “speculate” because even experts know that it is unanticipated events that determine the future and the future is often all about unanticipated events. How different would the world have been if John F. Kennedy...
  • Drug manufacturer Hospira closing Clayton plant, cutting 250 jobs (North Carolina)

    01/20/2015 1:00:36 PM PST · by 2ndDivisionVet · 5 replies
    WRAL-TV TechWire ^ | January 14, 2015
    Clayton, N.C. — Hospira, a manufacturer of injectable and other drug products as well as medical devices, is closing its plant in Clayton which employs some 250 people. Hospira says the facility will close in the second half of this year. “After a thorough evaluation of the site and the various products produced at this facility, we had to make this difficult decision,” said Matt Stober, senior vice president for operations, in a statement. The firm operates a major plant in Rocky Mount as well. In 2012, it decided to add 200 works at that operation. Hospira (NYSE: HSP) disclosed...
  • Local leaders weigh in on "Labinal" closing (Leaving Maryland, headed to Denton, Texas)

    01/20/2015 12:53:23 PM PST · by 2ndDivisionVet · 22 replies
    WMDT-TV ^ | January 16, 2015 | Lili Zheng, reporter/producer
    (VIDEO-AT-LINK)SALISBURY, Md. - A shocking turn of events on Wednesday, as aeronautical company Labinal Power Systems announced it will soon be closing its doors. This means over 600 employees -- about 94% from Wicomico County -- may be out of a job. According to Labinal, up to 160 of those employees could possibly be transferred to their Texas facility. As for the rest, local leaders say there are resources in town. Those resources may come in the form of "re-training". According to Wor-Wic Community College president Ray Hoy, these workers have valuable skills but they might not translate to another...
  • What six years of Barack Obama’s economic incompetence has wrought

    01/20/2015 10:21:22 AM PST · by Starman417 · 15 replies
    Flopping Aces ^ | 01-20-15 | Vince
    Now that Barack Obama’s first six years are over it might be nice to see what he has wrought, and compare him to another iconic president, Ronald Reagan. When Barack Obama took office in 2009 65.7% of Americans were participating in the laborforce. (This is called the Labor Force Participation Rate – LFPR – which includes those working and those looking for work.) Six years later that number was down to 62.8. When Ronald Reagan took office in 1981 63.9% of Americans were participating in the workforce and six years later that number had grown to 65.6%. Unemployment is the...
  • 27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama

    01/19/2015 7:43:40 PM PST · by SeekAndFind · 30 replies
    The Economic Collapse Blog ^ | January 18, 2015 | Michael Snyder, on January 18th, 2015
    During his State of the Union speech on Tuesday evening, Barack Obama is going to promise to make life better for middle class families. Of course he has also promised to do this during all of his other State of the Union addresses, but apparently he still believes that there are people out there that are buying what he is selling. Each January, he gets up there and tells us how the economy is “turning around” and to believe that much brighter days are right around the corner. And yet things just continue to get even worse for the middle...
  • Thelma and Louise sponsored by idiot consultants

    01/19/2015 1:05:36 PM PST · by Kartographer · 6 replies
    At any rate. We have reached the end of the road. The regime has two choices: either bury the chavista revolution or start shooting people. I am afraid that the second one will be the choice since so many people would face jail terms if the country became more "normal". Which of course makes the cliff only higher, the crash only more spectacular.
  • Free Community College - Economics and Education in Freefall Together

    01/19/2015 12:16:24 PM PST · by jfd1776 · 10 replies
    Illinois Review ^ | January 19, 2015 A.D. | John F. Di Leo
    Democrats have long called for grammar school to be “free” (that is, taxpayer-funded)… and they’ve long called for high school to be “free” (yes, even more taxpayer-funded)… and now the Democrats are calling for college – or at least the first two years of it – to be free as well. The proposal can – and should – be shot down with a single point: The United States is, by any measure of the term, bankrupt. We have gone from 7 trillion dollars in debt to 15 trillion in just six years, more than doubling a national debt that had...
  • President Urges Sounder Business Practices for Small Businesses [satire]

    01/19/2015 10:15:15 AM PST · by John Semmens · 2 replies
    Semi-News/Semi-Satire ^ | 18 Jan 2015 | John Semmens
    On Thursday, President Obama issued a Presidential Memorandum, directing all federal agencies to give federal workers six weeks of paid leave for parents with a new child. The President is expected to call for Congress to pass similar legislation compelling all American companies to offer the same six weeks of paid paternal leave. Small business owners are worried about the cost of this new entitlement. The President’s Council of Economic Advisers has estimated that the cost of this new perk for federal employees will run to $250 million per year. Press Secretary Josh Earnest downplayed these small business fears as...
  • PA: Armed Woman Stops Crime Spree

    01/19/2015 5:22:15 AM PST · by marktwain · 15 replies
    Gun Watch ^ | 17 January, 2015 | Dean Weingarten
    In Lancaster County, PA, an alert and armed woman stopped a crime spree.  One of the things that destroys the sense of security in a neighborhood is  the proliferation of  burglaries and thefts of personal property from vehicles.  That is what the pair of suspects were involved in when an alert woman stopped Robert LaFleur from breaking into her car at 2:30 am and held him at gunpoint until the police arrived. It seems unlikely that LaFleur would have obeyed the woman's commands if she had not been armed.   The police report that he resisted arrest when they...
  • The Dividends of Social Capital

    01/18/2015 10:05:03 PM PST · by Ray76
    Acton Institute ^ | 2006 | Michael Matheson Miller
    Why have so many countries been unable to fully adopt a market economy? The answer is complex, but there are certain basic conditions that must be met for an economy to become free and prosperous. Two that are non-negotiable are private property and the rule of law. Without these a market cannot exist. But there is another element that is crucial but often overlooked—it is what has been called “social capital,” specifically the existence of trust. Why are trust and social capital so important for economic success? [] If these virtues are not esteemed, or if trust exists only within...
  • The Moral Basis of a Free Society

    01/18/2015 9:48:17 PM PST · by Ray76 · 12 replies
    Hoover Institution ^ | Nov 1, 1997 | Stub
    When the government of China tells people they can read state-run newspapers but not print and distribute Bibles, imprisoning and torturing dissenters; or have one child but not two, forcing women to have abortions; or watch state-run television but not listen to Radio Free Asia, jamming broadcast signals and threatening students--that is not freedom. But the absence of centralized state control is not necessarily freedom, either. The people of Beirut are not free. Neither are the people of Medellin and Cartagena, the drug capitals of Colombia. Freedom is not anarchy, chaos, and mayhem. The freedom to "let soulless forces operate,"...
  • Email to Kate at the Dart Center on their Media Workshop on Guns and Gun Violence

    01/18/2015 9:29:45 PM PST · by marktwain · 3 replies
    Gun Watch ^ | 17 January, 2015 | Dean Weingarten
    The Dart Center for Journalism & Trauma has accepted money from the highly partisan Everytown for Gun Safety to put on a two day seminar on covering guns and gun violence.  They have already been criticized for creating a propaganda vehicle using money supplied by Michael Bloomberg.   As their article includes the sensationalist and discredited claim that there have been "nearly 100 school shootings"  since Sandy Hook, it is hard to consider them unbiased.   Nonetheless, I sent the point of contact an email asking that she include voices with assumptions other than that of Michael Bloomberg.  Here is...
  • Envy in a Time of Inequality

    01/18/2015 7:13:06 PM PST · by Ray76 · 21 replies
    Acton Institute ^ | Nov 5, 2014 | Samuel Gregg
    Envy, I’ve often thought, is the very worst human emotion. The epic Biblical narrative of Cain’s slaying of Abel reminds us that people have been jealous of others’ successes and well-being from time immemorial. When mixed, however, with the near-obsession with inequality that dominates much public discourse these days, there’s a serious risk that envy — and desires to appease it — can start driving public policy in ways that aren’t economically wise or politically healthy. Remarks like “you didn’t build that” or François Hollande’s notorious 2012 “I don’t like the rich” statement don’t of course come out of a...
  • Vox Connects the Dots Between Inequality and Envy

    01/18/2015 7:06:49 PM PST · by Ray76 · 5 replies
    Acton Institute ^ | Jan 16, 2015 | Joe Carter
    Imagine that the wealth of both the poorest and richest Americans were to double overnight (and the middle class wealth stayed the same). Would the poor be better off? Most of us would agree they would be. But those obsessed with income and wealth inequality would fret that the poor were in even worse shape than before since inequality just got much, much worse.
  • [From October 1998] Socialism, Envy and Redistribution

    01/18/2015 7:01:41 PM PST · by Ray76 · 10 replies
    Liberal Institute ^ | October 1998 | Robert Nef
    Envy is much older than any political system or any political ideology. Envy does not exist because socialism exists. Rather, socialism refers to and needs envy.
  • Uber Wants to Create 50,000 Jobs, Take 400,000 Cars Off the Road in Europe This Year

    01/18/2015 1:42:56 PM PST · by 2ndDivisionVet · 23 replies
    re/code ^ | January 18, 2015 | Ina Fried
    Uber chief Travis Kalanick said he wants to expand operations in Europe and, in the process, create 50,000 jobs and take 400,000 personal vehicles off the road. Kalanick said the ride-sharing service isn’t opposed to regulation, but wants “progressive regulation” that promotes safe and affordable rides and generates tax revenue without limiting competition. Cities around the globe have been going after Uber and other services, using a mix of existing regulations and new laws. “We want to make 2015 the year where we establish a new partnership with (European Union) cities,” Kalanick said, speaking Sunday at the DLD Conference in...
  • Listening to the barking dogs: property law against poverty in the non-West

    01/18/2015 10:07:06 AM PST · by Ray76 · 10 replies
    Cato Institute ^ | Jan 1, 2002 | Hernando de Soto
    Imagine a country where nobody can identify who owns what, people cannot be made to pay their debts, resources cannot conveniently be turned into money, ownership cannot be divided through documents, descriptions of assets are not standardized and can not be easily compared, and the rules that govern property vary from neighborhood to neighborhood or even from street to street. You have just put yourself into the life of a developing country or former communist nation; more precisely, you have imagined life for 80 per cent of its population, which is marked off as sharply from its Westernized elite as...
  • The Moral Basis for Economic Liberty

    01/18/2015 9:54:46 AM PST · by Ray76 · 2 replies
    Heritage Foundation ^ | July 13, 2010 | Rev. Robert A. Sirico
    Today, those who defend free markets and capitalism often do so solely on managerial or technical grounds, but economic liberty needs a moral defense as well. Defense of economic liberty without reference to morality will ultimately prove injurious to liberty itself. Rightly understood, capitalism is simply the name for the economic component of the natural order of liberty. It means expansive ownership of property, fair and equal rules for all, economic security through prosperity, strict adherence to the boundaries of ownership, opportunity for charity, wise resource use, creativity, growth, development, prosperity, abundance. Most of all, it means the economic application...
  • TNO is Developing a Racetrack 3D Printing System That is ’10 Times Faster Than Current Technology’

    01/17/2015 7:11:01 PM PST · by 2ndDivisionVet · 6 replies
    3D Print ^ | January 14, 2015 | Whitney Hipolite
    Perhaps you read the title of this article, and automatically assumed that we made a typo. After all, it sounds awfully similar to a story we did in the past about 3D Systems. If you have been following the 3D printing space for the past several months, then you know that 3D Systems has been working on creating a new 3D printing system that they say is based on a “racetrack architecture”. It is an assembly line of sorts, and is said to be able to fabricate objects up to 50 times faster than other printers currently available today. Now...
  • The fiscal problem in Venezuela

    01/16/2015 7:16:35 PM PST · by Kartographer · 5 replies
    This one must be solved fast because the regime cannot fire bureaucrats and misiones beneficiaries fast enough. Never mind that cutting off 20% of its payroll in bureaucracy or welfare would push us further into recession, with even less consumers, more social instability. The regime is seriously considering increase taxes further which in today's context would be lethal for the economy as businesses still alive barely make it through. Reminder; if you have 60% inflation your business must have benefits of 61% or start losing its value. That is, if your business does not make more than inflation you erode...
  • Obama can take credit where it’s due: obstruction

    01/16/2015 9:50:17 AM PST · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 01/16/15 | A. Dru Kristenev
    Harmony was never in Obama's vocabulary. Discord, on the other hand, is his middle name. Confront President Obama and his obstructionist pen that hovers prepared to slash their efforts to dial back his ruinous agenda President Obama, the King of “Me,” confiscates credit for anything that even sniffs of a positive scent. Right now, that’s the smell of economic growth from privately owned and developed oil fields. His own policies have shuttered federal oil leases, selling them at a premium with crippling restrictions while extorting oil companies (most particularly BP after the Gulf spill in 2010) to pay royalties on...
  • NY: Village Voice Comes out for Knife Law Reform

    01/16/2015 5:28:57 AM PST · by marktwain · 10 replies
    Gun Watch ^ | 14 January, 2015 | Dean Weingarten
    The Village Voice of New York City has come out in favor of knife reform legislation.   The abusive prosecutions under this law have, no doubt, been going on ever since its passage in the 1950's.   Knife Rights has been in the forefront of this fight, and has an ongoing court case, noted in the Voice article.  The abuses have become increasingly severe in the last 10 years, with The Village Voice noting that as many as 60,000 people have been arrested.  From the Village Voice: Assemblyman Dan Quart will introduce a bill today to adjust the language of the...