Author's posts
Jul 04
U.S. Senator Calls on Justice Department to Persecute Climate Skeptics
We have previously reported on leading journalists and professors who have called for the arrests and prosecutions of those who question the government’s climate-change messaging. See here and here. Now a sitting U.S. Senator, Sheldon Whitehouse (D.-R.I.), is calling on the U.S. Justice Department to pursue (apparently civil) charges against those who disagree or question …
Jul 02
Kuwait becomes first country to mandate government DNA registry for all subjects
The endless quest by governments to monitor, surveil and control all human life and activity continues. It went mostly unnoticed 10 years ago when the U.S. Congress enacted a “Real ID” law requiring that every state impose some form of biometric identifier in its driver-licensing. There was a minor popular backlash in state legislatures; then …
Jul 02
An Example of a Society that made itself Wealthy: Singapore
Amidst all the recent news of societies foolishly impoverishing and destroying themselves with socialism, it is always good to point to societies that transformed themselves from poverty to abundance. The country of Singapore was a 3rd world country just two generations ago. Most of its population had no running water and no electricity. Life expectancy …
Jul 01
High-taxing Illinois, like Greece and Puerto Rico, is nearing default on its debts.
The financial world has been reeling from a series of worldwide financial crashes. This week, high-taxing, high-regulating Greece became the world’s first “first-world” country to default on an IMF loan. On Sunday, the governor of Puerto Rico announced that his Island State’s debts are unpayable. On Monday, the U.S. Dow plummeted 350 points. Also this …
Jul 01
Stossel: The Real Erin Brockovich Reaped Millions by Shaking Down Innocent Corporations
The often-brilliant John Stossel is out with a review of the new box-office smash, Jurassic World. The movie, like many others, bashes corporations. Stossel briefly discusses the 2000 film “Erin Brockovich,” which was nominated for Best Picture and which garnered actress Julia Roberts with numerous “best actress” awards: In the movies, anti-business activists like Erin …
Jul 01
Martin Gilens’ Affluence & Influence (2012): A Review
by Dr. Roger I. Roots There is a book (and several studies) by Princeton Sociologist Martin Gilens making the rounds among “campaign finance reformers” of late. Gilens purports to have analyzed extensive data regarding the political preferences of the affluent, the middle class, and the poor, and to have distinguished between the three. The book …
Jul 01
Greek Social Security checks are withheld from retirees as Greece defaults on national debt
Have you ever wondered about the future of American Social Security? What will happen when liabilities are larger than the credit of the country? A story today on Yahoo News revealed that retired Greeks who traditionally draw their government pensions in cash from their local banks are now finding that the banks only allow small …
Jun 29
Long-term artificially-low interest rates are causing lower productivity across Europe
In a previous post, we alerted readers to a recent report that worldwide central banking has kept interest rates so artificially low for so long that “experts” now doubt whether central bankers can “fix” any future financial crisis. The Telegraph story is here. The same report also warned that these artificially low interest rates have …
Jun 29
London Telegraph: “the world is defenseless against future financial crises”
An amazing news report in the (formerly London) Telegraph this week. The Telegraph reports that the world’s central banks have kept interest rates so artificially low for so long (mostly to allegedly “fix” financial crises in the near past) that the central banks will have no possible way to “fix” any future financial downturns. The …
Jun 29
Puerto Rican Governor admits that the Island’s $72 billion debt is “not payable.”
In the wake of the bankruptcy and default of the Greek government, and the forced closure of all Greek banks for a week, the New York Times is reporting statements by the Governor of Puerto Rico that the island can never repay its $72 billion debt. Like Greece (and many or most modern Keynsian-economics-driven governments), …
