Brookes News Update

US economy: the inverted yield curve and recession : The inverted yield curve is emerging because the Fed has been reining in the money supply. So does this mean a recession?
Australian economy: Senator Nick Minchin screws up on tax cuts: Anyone who thinks Government ministers actually know anything about economics need look no further than Finance Minister Nick Minchin. This man thinks tax cuts are inflationary
Economic illiteracy and executive pay : The reality is that the exploitation of shareholders by management on the scale claimed by critics of executive pay is just another leftist spectre
Leftwing journalist smears Bush on NSA wiretaps: Michael Gawenda, former editor of 'The Age', is proof positive that leftism is a disease of the intellect, one of the symptoms of which is a brazen contempt for facts that conflict with reality
A lefty film reviewer praises a nasty piece of anti-capitalist propaganda: It's obviously the 'The Constant Gardener's' ideological leitmotif - and the evidence be damned - that ideological buffoons like Tom Ryan find so attractive
Bin Ladin is a Democrat: Democrats have lied about, slandered and sought to undermine and betray America in its war against Islamic fascist mass murderers. No wonder Osama Bin Ladin chose to merely read from one of their scripts
Poor people get hammered by tax increases: Poor people get hammered when government raises taxes. You see that means the rich don't have the money to invest and grow jobs and the economy
Green fascism and corporate CEOs: What we have is a particularly squalid attempt by a multinational corporation to use the greens' destructive ideology to exploit the power of the state at the expense of consumers

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ELSEWHERE

Disgraceful: The U.S. State Dept. sides with the Muslim hysterics: "The United States blasted the publication by European newspapers of cartoons of the Prophet Mohammed as unacceptable incitement to religious or ethnic hatred. "These cartoons are indeed offensive to the beliefs of Muslims," State Department spokesman Justin Higgins said when queried about the furore sparked by the cartoons which first appeared in a Danish newspaper. "We all fully recognize and respect freedom of the press and expression but it must be coupled with press responsibility," Higgins told AFP. "Inciting religious or ethnic hatreds in this manner is not acceptable. We call for tolerance and respect for all communities and for their religious beliefs and practices."

Taranto comments on a speech by NAACP leader Julian Bond -- and shows how thoroughly the MSM suppress mention of hate-speech emanating from black leaders. They deliberately whitewash blacks (to coin a phrase).

Black conservatives were pretty appalled by the Julian Bond speech: "Bond is said to have called Secretary of State Condoleezza Rice and predecessor Colin Powell "tokens." He also compared the Bush Administration's judicial nominees to the former Taliban regime in Afghanistan and said "The Republican Party would have the American flag and the [Nazi] swastika flying side by side." "If Julian Bond's comments are indicative of the NAACP, the group has truly lost its way. I believe the NAACP has positioned itself on the far left of the political spectrum, and Mr. Bond's comments give me no reason to think otherwise," said Project 21 member Jimmie Hollis."

Public servants live better than the public itself : "For 50 years, public-sector unions, health care lobbyists, and social services advocacy groups have doggedly been amassing power in state capitols and city halls, using their influence to inflate pay and benefits for their workers and to boost government spending. The bill for that influence is now coming due, and it is overwhelming state and local budgets."

No hope for Europe: "The fertility rates in the western industrialized countries are well below the replacement rate of 2.1 babies per woman. For the European Union as a whole, the estimated 2005 fertility rate was 1.47 babies per woman. In some countries, the rate is even lower. However, in France, approximately one birth in three is to a Muslim family. Stripped of the Muslim influence, the fertility rate of the native-born or traditionally European French would be 1.2, similar to the rates in Italy and Spain."

Immigration of little benefit to Australia: "An abiding and unshakeable belief of Australian business is that immigration is good for the economy and we need a lot more of it than we're getting. But is the belief soundly based? According to a Productivity Commission paper on Economic Impacts of Migration and Population Growth, not really. The economic benefits are "very small"."

No cash for condemners: "The New York Times terms it 'odd.' Other accounts deem it 'unusual.' The Volkoh Conspiracy blog wonders if Atlas is, in fact, shrugging. However, the announcement that BB&T, the nation's ninth largest bank holding company, will not participate in private economic development projects that involve eminent domain action should not shock. The decision is consistent with the corporation's values, harnesses widespread public unease with the Kelo eminent domain ruling, and is another manifestation of symbol-laden stakeholder capitalism."

The last good train service in Britain to be scrapped: "The Gatwick Express, a dedicated rail service from London Victoria, is to be replaced by a slower stopping train to reduce overcrowding on services to commuter towns near the airport. he Government believes that the express is taking up too much capacity on the Brighton main line, which carries 32,000 commuters a day. Many Gatwick Express trains run half-empty, even in peak periods, while commuters from Three Bridges, Haywards Heath and other Sussex towns often have to stand all the way to or from London. But airlines using Gatwick are furious that their passengers will have to fight their way with heavy luggage on to already crowded trains stopping only briefly at the airport. At present, empty trains sit for several minutes at Gatwick station, allowing passengers plenty of time to board".

There is a new Australian Christian blogger. His interests seem to be mainly political. He has an interesting point here about the famous antisemitic "Protocols" being a projection of what Leftists wanted to do.

For more postings, see EDUCATION WATCH, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE. Mirror sites here, here, here, here and here. On Social Security see Dick McDonald and for purely Australian news see Australian Politics (mirrored here).

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Practically all policies advocated by the Left create poverty. Leftists get the government to waste vast slabs of the country's labour-force on bureaucracy and paperwork and so load the burden of providing most useful goods and services onto fewer and fewer people. So fewer useful goods and services are produced to go around. That is no accident. The Left love the poor. The Left need the poor so that they can feel good by patronizing and "helping" them. So they do their best to create as many poor people as possible.

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialistisch)

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