Wednesday, October 11, 2006

Brookes News Update

Deconstructing Bill Clinton: Clinton knows that he is an intellectual and moral sham and that there are moral absolutes
The Australian Council of Trade Unions gets it wrong on labour market deregulation: The refusal of Australia's free market club to use economic theory and economic history to explain the benefits of deregulated labour markets has given the Australian Council of Trade Unions the moral and political high ground
The Australian economy, the trade deficit and the lessons of gold: A basic understanding of the gold standard is extremely helpful in gaining an understanding of what really lies at the root of our trade deficit
Ernesto Che Guevara: 39 years of hype: Guevara was a cowardly sadist who wantonly murdered men, women and children. Despite his well documented crimes the media, academics and the likes of Robert Redford and Christopher Hitchens still defend this psychotic thug
Lefty journo pushes green solar scam: Greenie journos have successfully deceived millions into thinking that solar generated electricity is a realistic alternative to power stations. It is not
Removing Iraq's training wheels: Neither the Iraqi nor the American publics will stand much longer for an indefinite commitment. The deadline should be flexible, but a deadline should be set. The Iraqis aren't ready to stand on their own yet, but at some point the training wheels must come off
Terrorism in San Francisco: Call a spade a spade: Last March, an Iranian immigrant drove an SUV into a crowd of people at the University of North Carolina, running over nine people, boasting that Allah had given him permission to murder infidels. Nevertheless, the media and the police asserted there was no religious motivation



Prudent Bear has some interesting thoughts on limitations to economic growth in China and India. He rightly warns against straight-line projections of recent trends but probably underestimates the entrepreneurial zeal of Indians and Chinese.

Sad when the Arts writer of The Times of London does not know the difference between a canon and a cannon. It's an interesting article on John Mortimer ("Rumpole of the Bailey") though.

Two cheers for the Welches: "In their BusinessWeek column of October 9, 2006, Suzy and Jack Welch make a valiant effort to debunk the stakeholder theory of corporate ethics. This is the view that managers do not owe service first and foremost to shareholders or owners of a company but, rather, to anyone who has an 'interest' in the company's activities. The idea has also been dubbed the CSR thesis, whereby the first duty of business managers is their so-called 'corporate social responsibility.' The Welches do a fine job of affirming the idea that what company managers ought to be doing is improving the value of the firm for their employers, the stockholders or owners."

Another confirmation of IQ genetics: "Head growth in foetal life and infancy is associated with later intelligence, new research hints. And catch-up increases do not appear to compensate for poor early growth. "Brain growth in early life may be important in determining not only the level of peak cognitive function attained but also whether such function is preserved in old age," the study team writes in the journal Pediatrics. "Older people with a larger head circumference tend to perform better on tests of cognitive function and may have reduced risks of cognitive decline and of Alzheimer's disease." Several studies in children have shown that those with larger brains, measured with imaging studies or as head circumference, tend to score higher on tests of cognitive function. Similar associations have been found in adults."

The religion of peace: "In an horrific incident of Christian persecution on September 1, some unidentified militants slew two children of a missionary couple who is working with At Any Cost Jesus Mission, a underground ministry evangelizing to the Muslim nations. A press release sent via e-mail to ANS by Any Cost Jesus Mission said that the assailants torched the dead bodies of teenaged children Shalom, 15 and Sharon 14 after murdering them brutally in the northern district of Pakistan. The teenaged victims according to the press release were secondary school students. “Shalom and Sharon were kidnapped along with their missionary parents and two other younger sisters 10 days before the murder. The militants asked them to convert to Islam but they refused,” said the press release. “So the militants killed Shalom first. Then they raped the girl and cut one of her breasts in front of her parents. She too died”, the press release quoted another underground missionary, Habel who it said broke the news to Any Cost Jesus Mission from a hidden place. “Police and the military forces are backing the militants".



"All the worth which the human being possesses, all spiritual reality, he possesses only through the State." -- 19th century German philosopher Georg Wilhelm Friedrich Hegel. Hegel is the most influential philosopher of the Left -- inspiring Karl Marx, the American "Progressives" of the early 20th century and university socialists to this day.

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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