Brookes News Update

US economy's imbalances : Loose monetary policy result in the accumulation of large-scale imbalances. The longer the central bank persists in expanding the money supply the greater will be the imbalances. This is why the US economy must eventually go into recession
Does the high level of debt pose a threat to US economy? : The real threat to the US economy is not the high level of debt as such but credit that is not backed by real savings. Also, the fall in the money stock that precedes price deflation and an economic slump is actually triggered by the previous loose monetary policies
Can America afford Democrats like Senator Chris Dodd? : Do Americans actually realise how important to their safety the impending mid-term elections are. For instance, lets take a look at Christopher Dodd, Democratic Senator from Connecticut
Conservative Rupert Murdoch endorses Hillary Clinton : The New York Post has endorsed Hillary Clinton for the Senate over a solid conservative, John Spencer. Its another sign that Post owner Rupert Murdoch, whose News Corporation is also the parent of the Fox News Channel, is moving to the left
New York honors Fidel Castro with a statue : Ill be surprised if Charles Rangel isnt keynote speaker at the Central Park celebration for the Stalinist/racist Castro who jailed and tortured black political prisoners longer than Apartheid South Africa, and who kidnaps his subjects and rents them out for 3 pennies an hour
What would the Democrats do if they controlled Congress?: The Republican Study Committee (RSC) recently put together an interesting document which highlights activities that normally fly under the radar screen of the media.
Minimum wage fever breaks out again : Imposing an effective minimum wage rate on the labour market prices marginal workers out of jobs and into poverty. But dont expect our smart-aleck lefty journos to write that one up
Whats really scary this Halloween : Then theres the biggest money-waster the failure to teach children the difference between right and wrong. The fancy name for this problem is moral relativism. A concept thats preached in the mainstream media everyday

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ELSEWHERE

I have just put up a book review here by an Australian friend who is politically middle of the road. The book is Conservative comebacks to Liberal Lies -- by Gregg Jackson. If I had reviewed the book myself, I would have said much in praise of it but I thought it more informative to find out whether or not it is the sort of book that we could recommend to someone whom we want to talk out of Leftist thinking. It would seem from the review that the book is aimed at American conservatives only.

The result of being soft on crime: "More criminals are returning to a life of crime within months of serving sentences than when Labour came to power, according to official figures published yesterday. Despite millions of pounds being spent to help offenders go straight, more than 57 per cent of adult offenders are convicted of another crime within two years of ending their sentence or starting a community penalty. When Labour came to power, intent on ending the "revolving door" syndrome in which offenders are constantly in and out of jail or repeatedly given community sentences, the figure was 53.1 per cent. However, the reoffending rate is now even worse, with two-thirds of men back in jail within two years of walking out of the prison gates."

Germany has not changed much: "A huge new synagogue, Europe's largest Jewish centre, was opened in the heart of Munich yesterday to mark the 68th anniversary of Kristallnacht - the Night of Broken Glass - when Nazis went on an anti-Semitic rampage across Germany. The cube-shaped building is an act of defiance at a time when anti-Semitic sentiment is again beginning to bubble below the surface. Neo-Nazis plotted unsuccessfully to blow up the foundation stone of the new synagogue, and bureaucrats dragged their feet for decades before agreeing to give the prime site to the Jewish community... A survey published by the Friedrich Ebert Foundation, a social justice charity, demonstrates how controversial the new centre will be among Germans: 39 per cent of those questioned say that the country is being dangerously swamped by foreigners, 18 per cent that the influence of Jews is too great while 15 per cent want a strong leader, literally a Fuehrer. There is deeper anti-Semitism and xenophobia in western Germany than in the east. Most commentators had assumed that the former communist east was the most vulnerable to racism. "It is shocking how far Nazi prejudices have simply been taken over," said the newspaper Die Welt."

Corruption named as key issue by voters in exit polls: "By a wide margin, Americans who voted Tuesday in the midterm election say they disapprove of the war in Iraq. But when asked which issue was extremely important to their vote, more voters said corruption and ethics in government than any other issue, including the war, according to national exit polls. A large majority of voters also disapproved of how Congress and President Bush are doing their jobs."

Are Republicans and Democrats really that different?: "During election week in the U.S., the Bureaucrash Activist Network is releasing a video every day that pits the Democrats against Republicans that is in the style of the popular 'Get a Mac' ads by Apple. We aren't trying to sell a product -- just the idea that both major political parties have more in common than they want voters to realize. They both want your money and more power at the expense of your freedom."

Property theft in America: "Do you live in a blighted home in a blighted neighborhood? You might without even knowing it. But don't worry, your local politicians will be happy to tell you -- as soon as some land developer decides your neighborhood would be a great place to build swankier homes or shops. Don't want to leave your home? Tough luck."

Renewing the contract: "In assessing last night's results it is important to note that it was not a defeat for conservatism; it was a defeat for Republicanism, or at least, what Republicanism has come to represent. In the past 12 years, Republicans went from the party that promised 'the end of government that is too big, too intrusive, and too easy with the public's money' to the party of the Bridge to Nowhere; it took control of Congress on a pledge to 'end its cycle of scandal and disgrace' and went down in defeat as the party of Tom DeLay and Mark Foley. Having abandoned its core principles, the Republican Party had nothing to run on this year, so its campaign strategy centered on attacking Nancy Pelosi -- a questionable tactic given that, according to some polls, more than half of the country had never even heard of her."

For more postings, see TONGUE-TIED, EDUCATION WATCH, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS and EYE ON BRITAIN. (Mirror sites here, here, here, here, here, here, here and here).

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"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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