Memorial Day





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I Want To Be A Liberal

By Nancy Morgan

I want to be a liberal, because then everyone will like me. My family will start talking to me again, and chances are, my ex-husband will want to renew the marriage vows he broke when I started spouting conservative opinions.

I'd like to be a liberal because its ever so much easier to allow others to form my opinions for me instead of researching an issue myself. That always gets me in trouble, especially when the facts I discover diverge from the latest politically correct consensus.

I'd like to be a liberal because then I'd be rewarded for all my shortcomings and nothing would ever be my fault. I'd be an important cog in the wheel of social justice, and a cherished warrior in the current fight for equality.

If I were a liberal, I would be free to have sex whenever and with whomever I want - and be considered 'empowered' to boot. I could abort any inconvenience with nary a thought because my rights to my body trump the life I would have suctioned out of me.

I'd like to be a liberal because any guilt I would normally feel for what used to be considered deviant, irresponsible behavior may be assuaged by merely advocating the expenditure of other people's money on whatever the cause du jour is. Very cool. Especially since my stock portfolio has been pretty much decimated.

I want to be a liberal because they care so much. They have a lock on all the fashionable emotions, like tolerance, diversity, equality and patriotism. And as long as my intentions are pure and I 'care', I won't have to accept responsibility for any negative consequences that my actions might cause.

I'd like to be a liberal because everyone knows that conservatives are racist, homophobic, stupid and, well, beneath contempt. Conservatives are motivated by gasp, profit, instead of being nice. Enough said.

I'd like to be a liberal because I'd be able to redefine reality to my own specifications. I could turn failure into success, murder into choice, lies into 'misstatements', and theft into investment. I would automatically be considered wise, instead of opinionated. Best of all, I could make up the rules as I go along, change them in midstream and then demonize anyone who doesn't agree with me.

I want to be a liberal because everyone knows they hold the moral high ground. They don't lie, cheat or steal. Oh, and they don't condone torture. The media says so, so it must be true.

Before I am able to join this community of man, however, there are a few ground rules:

I have to acknowledge that government is the best and only solution for any problems America has. Despite the fact that pretty much every government solution to date has been a disaster.

I must agree that America is bad and white Christian males are responsible for all that is wrong with the world. Further, I must agree that terrorists and third world dictators are either freedom fighters or misunderstood men of good will. Oh, and I must acknowledge that dialogue is better than war. Even though decades of dialogue haven't worked, things are different, now that Obama is president. I must have faith. After all, the times, they are a changin'.

I'd, of course, be expected to not only condone, but happily embrace gay marriage and the long list of newly minted sexual behaviors, and swear to never mention the adverse health risks or the proven harm they do to traditional families.

I'd also have to quit judging people (except for conservatives). After all, liberals will allow me to do whatever I want, free from moral censure, and its only fair I do the same for them.

I'd have to immediately quit smoking, in public at least. I'd be required to agree that global warming is real and man is the cause. Even though the earth has cooled in the last decade, everyone knows its still getting warmer. I'd also have to renounce Christianity in favor of Mother Earth and believe that the Constitution is a 'living instrument'.

I'd have to agree that victimhood trumps merit and that liberals know best. Always. And lastly, I'd have to support the notion that racism is still rampant, even if it is the silent 'institutional' type.

In return, I'll be accepted, popular, and invited to the best parties. I'll be eligible for the right to housing, health care, a living wage (even if I don't work) and happiness. And as long as I remain a liberal, no-one is allowed to insult me. How cool is that?

I'll finally get my columns published in my own hometown paper and will have a good chance of getting face time on MSNBC. Best of all, I'll be able to atone for my sins by merely paying Algore for a few carbon credits. Then, I will live happily ever after. Isn't that worth sacrificing such ethereal and frivolous notions like freedom, individualism and principles?

SOURCE

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On offense, Cheney scores points

Former Vice President Dick Cheney's sweeping indictment of administration policy changes on the handling of terrorism-suspect detainees has thrown President Obama on the defensive and scored points for the vice president and his party, according to pollsters and political analysts.

While Mr. Cheney has come under increasing fire from Democrats for charging that Mr. Obama's policies have made the country more vulnerable to future terrorist attacks, polls show a majority of Americans side with him on using aggressive interrogation methods on high value al Qaeda prisoners and are against moving them from the detention facility at U.S. Naval Base Guantanamo Bay, Cuba, to maximum-security facilities in the U.S. "Cheney's critical comments in recent weeks and the Senate vote against funds for closing Guantanamo did put the president on the defensive and led to his speech" on Friday defending his national security policies, said Thomas Mann, a presidential scholar at the liberal Brookings Institution.

That speech occurred on the same day Mr. Cheney delivered a blistering speech of his own in defense of the Bush administration policies that he helped to shape and that he said had kept the nation safe in the wake of the terrorist attacks on Sept. 11, 2001.

Mr. Cheney's aggressive, nonstop criticism of the White House's actions, beginning with Mr. Obama's ban on harsh interrogation techniques such as waterboarding, have unleashed a wave of attacks from his liberal critics. It has also won him praise from his party's conservative base and, according to polls, support for his positions among independent voters that the GOP needs if it is to make a political comeback in future elections. "I have tested the message and the message clearly helps Republicans," said Whit Ayres, a pollster for Resurgent Republic, a GOP advocacy group. A poll he conducted May 11 to 14 found voters supported "harsh interrogation" of al Qaeda prisoners by a 19-point margin, 53 percent to 34 percent - including 53 percent support among independents.

A similarly "strong majority believes the Guantanamo Base prison helps protect America, rather than undermines our moral authority. Independents are, again, much more like Republicans than Democrats on this issue," Mr. Ayres said in a report on his poll's findings. "The challenge for Republicans now is winning back independents who abandoned Republicans in droves in 2006 and 2008. This helps persuade independents that their values are most closely aligned with Republicans than with Democrats," he said.

While Mr. Cheney has been a constant Democratic target of derision for his outspoken criticism of Mr. Obama's policies on terrorism, polls show his low approval ratings have begun to rise lately. A CNN poll conducted last week found that 55 percent still view the former vice president unfavorably, but 37 percent now have a favorable impression of him, up eight points since January.

"Vice President Cheney has been the target of every media, from mainstream to comic. But he spoke today as before without regard to politics, but with abiding respect for the truth. His address today was direct, well-reasoned and convincing," former Massachusetts Gov. Mitt Romney said Thursday.

SOURCE

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A Spy's View of Pelosi's War on the CIA

By Ion Mihai Pacepa

I paid with two death sentences—from my native Romania—for the privilege of serving the CIA, our first line of defense against terrorists and nuclear despots, and I am appalled to see the Speaker of the U.S. House of Representatives and third in line for the White House undermining the security of the United States for personal political gain.

Nancy Pelosi’s blistering public attacks on the CIA will severely damage its ability to recruit ranking sources in enemy countries for years to come. No, the CIA officers will not run for cover—they are anonymous heroes, not cowards. But the potential high-ranking CIA sources in Iran, Syria, North Korea, China, Russia, Venezuela, Cuba and many other tyrannical countries will. Espionage is a matter of life and death. From my own experience as both intelligence recruiter and intelligence defector I know that no high ranking official puts his/her life in the hands of a foreign espionage organization publicly pilloried by its own government.

Trust is the most valuable asset of any espionage service, no matter its nationality or political flavor. This is the most important thing I learned after spending 27 years in Romania’s version of the CIA—six of them managing it—and another 31 years cooperating with the CIA. There are many ways an espionage service can lose trust. Disrespect for its own commitments and careless exposure of its sources and operations are just two of them. But nothing could be more devastating than public distrust from its own government.

I do not intend to compare the CIA with my former Romanian foreign intelligence service, the DIE, but there is a lesson there. At the peak of the Cold War, my DIE recruited as agents the highest-ranking employees the Soviet bloc ever had in NATO: the chief of NATO’s department for secret documents (François Rousilhe) and NATO’s deputy finance director (Col. Nahit Imre). We paid them in gold Napoleon coins. Both were eventually arrested by the French DST, and Romania’s tyrant Ceausescu ordered a vengeful public investigation of the DIE. My service was never again able to recruit any significant sources in any of its target countries. After I broke with communism, Ceausescu ordered another public investigation of the DIE, which soon disintegrated.

The CIA helped the U.S. win the Cold War without firing a shot because it was an ultra-secret organization trusted by its government and able to protect its sources and methods from public exposure. That allowed the CIA to gain the confidence of many ranking officials in both Eastern and Western Europe. Some became builders of democracy, others fighters of communism. In 1962, the U.S. avoided a nuclear war because a ranking CIA source (Soviet colonel Oleg Penkovsky) provided top secret documents proving that Khrushchev was installing nuclear rockets in Cuba. Soon after that, NATO neutralized the Warsaw Pact because another ranking CIA source (Polish colonel Ryszard Kuklinski) passed the CIA over 35,000 pages of Warsaw Pact secret military documents, making Moscow’s strategic plans obsolete.

More HERE

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ELSEWHERE

Black ex-astronaut named as NASA chief: "President Obama on Saturday chose as NASA administrator retired astronaut Charles Bolden Jr., a veteran space pilot and official who would become the agency's first black leader. Mr. Obama also named former NASA associate administrator Lori Garver as the agency's No. 2. Mr. Bolden has flown in space four times and was an assistant deputy administrator at one point. "These talented individuals will help put NASA on course to boldly push the boundaries of science, aeronautics and exploration in the 21st century and ensure the long-term vibrancy of America's space program," Mr. Obama said."

Report Shows Air Quality Improved During Bush Administration: "As the Obama administration considers further steps to fight air pollution, a recent report from a Washington think tank shows that air quality in the United States has improved significantly over the last decade. The American Enterprise Institute for Public Policy Research analyzed data collected by the U.S. Environmental Protection Agency and concluded that levels of numerous gases linked with air pollution have fallen off since 2001. Among the findings: Carbon monoxide decreased by 39 percent, ozone by 6 percent, and sulfur dioxide by 32 percent. "Pick any category you want and pollution levels are generally lower than they were seven years ago," said Steven Hayward, the policy analyst who authored the report, titled "Index of Leading Environmental Indicators," for the conservative think tank. "(Environmental groups) said air pollution was out of control, but this was always more about politics than it was fact," Hayward said."

Obama to Consider Preventive Detention: "President Obama told human rights advocates at the White House on Wednesday that he was mulling the need for a “preventive detention” system that would establish a legal basis for the United States to incarcerate terrorism suspects who are deemed a threat to national security but cannot be tried, two participants in the private session said. Human rights advocates are growing deeply uneasy with Mr. Obama’s stance on these issues... “He was almost ruminating over the need for statutory change to the laws so that we can deal with individuals who we can’t charge and detain,” one participant said. “We’ve known this is on the horizon for many years, but we were able to hold it off with George Bush. The idea that we might find ourselves fighting with the Obama administration over these powers is really stunning.” [Imprisonment without trial! Don't forget that gun owners, Christians and vets are potential terrorists to Obama. Soviet USA not far away]

For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

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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" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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A new crime syndicate

Would any of this survive a prosecution under RICO laws?

General Motors and the United Auto Workers on Thursday reached a deal that enables them to enter into bankruptcy at the end of the month with a united front against thousands of bondholders and dealers, who are being asked to bear the brunt of the cost of GM's monumental looming bankruptcy.

The massive restructuring of GM is shaping up to be historic not only for transforming the largest U.S. manufacturer in the nation's most important industry, but in sealing a political deal that fuses the interests of the union and car companies with the environmental allies of the White House with the overarching goal of creating a "greener" fleet of cars in the future.

In exchange for endorsing the White House mandate for much more fuel-efficient cars, the main sacrifice from unions in the deal is the acceleration of job losses as GM shuts 16 plants employing about a third of its 60,000 workers by 2010. But retirees and workers who stay on the job would be rewarded with 39 percent ownership of the company while the government, which has lent GM $15.4 billion, takes a 50 percent controlling stake.

Bondholders, an assorted group ranging from individual retirees to gigantic pension and mutual funds that lent GM $27 billion, are offered only a 10 percent equity stake in the company - a paltry sum that most bondholders have already rejected. Their reluctance to go along with the plan ensures that GM will have to go to bankruptcy court to force them to relinquish their claims against the company.

"The reality is that the direction of the auto industry restructuring is all about politics," said Glenn Reynolds, analyst at CreditSights, an investor research group. "The political calculus says there is little risk in shafting bondholders. ... All is fair in love, war, politics and apparently also bankruptcy" under the White House auto task force's game plan, he said, noting that votes in Ohio, Michigan and other auto-producing states will be pivotal in upcoming midterm elections.

As the administration did with its successful gambit to quickly usher Chrysler into a bankruptcy reorganization biased in favor of unions and against creditors, the GM plan represents an "outright politically motivated wealth transfer" from lenders to unions, he said.

Mr. Reynolds contended that political goals motivated the White House to seek approval between unions and management ahead of the bankruptcy filing, along with a small but significant number of creditors who can help make a convincing case before the bankruptcy court that the reorganization is fair and should be expedited, Mr. Reynolds said.

While the administration won the support of Chrysler's four largest bank lenders using the bargaining chip of bailout money the Treasury had provided, it gave much less to Chrysler's other secured lenders and persuaded a Manhattan, N.Y., bankruptcy court to rule against them in key initial skirmishes. Only a small contingent of teacher and police union pension funds continues to fight against the Chrysler plan.

With GM, the White House is following much the same playbook, although GM's bankruptcy is expected to be much bigger and more complex, analysts said.

The administration secured agreement ahead of time between management and labor in a deal that favors unions. Then, it aims to divide the company's creditors by offering full reimbursement to GM's secured lenders, who are owed about $6 billion, while offering very little to unsecured bondholders who are owed the biggest chunk of money.

SOURCE

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Things That Could Have Killed Me

It's amazing any of us survived childhood

By ROBIN HEMLEY

Friends and acquaintances sometimes remark that the world is more dangerous now for kids than "when we were growing up." Cut to images of happy kids frolicking through fields of sunflowers.

Not in my childhood. I don't think the world has ever been a particularly safe place for anyone, certainly not kids. I spent large swaths of my childhood unsupervised and getting into whatever trouble I could find. I seem to remember coming home for meals, at least breakfast and dinner. For lunch, I ducked into whatever friend's house I could find. There were certain obligations between parents and children when I was a kid, but more in line with a treaty observance by two wary nations than an actual desire to spend time together.

A brief catalogue of "things that could have killed me" while trotting around unsupervised when I was a kid:

- There was a 30-foot bluff at the end of my street in Athens, Ohio. A wire (not electric apparently) of some sort went from the bluff's ledge to the roof of a liquor store below. When I was five, my neighbor friend, a girl named Vonnie, and I decided to suspend ourselves over this bluff by the wire. We hung over the liquor store's parking lot for a minute or so before tiring and deciding to find some other deadly amusement.

- I built a bomb when I was nine. I rooted around under the sink and poured every chemical I could find (this was the 1960s, chemicals were never in short supply) and poured them into a Windex bottle and made a fuse out of a shoelace. Then I went outside and placed the bottle in a field full of dry brush. I didn't think it would work. It did. I set the field on fire, but luckily I was able to stamp it out before it spread and burned down the neighborhood. My sneakers melted.

- I bought a lot of illegal fireworks. I used to spend part of my summer at my grandmother Ida's beach house in Long Beach, N.Y. One summer, my friends Vince Tucci, Tommy Alfazy, and I became addicted to illegal fireworks that we bought from a woman whose basement was stuffed with fireworks. We called her The Firecracker Lady. Everyday, we would go down to the beach and blow up our plastic soldiers. That stopped when the Firecracker Lady was arrested and our supply dried up.

- I liked to disappear into the apartments of strangers. There was an apartment building near our house called the Athens Apartments. I used to go trick or treating there. A lot of students from Ohio University lived in the apartments, including a couple of guys I called The Rat People. These guys bred lab rats and their apartment was full of rats in cages.

I thought they were cool and I used to hang out at their apartment for hours playing with the rats. Then I'd go dumpster diving in the large trash bins outside the apartment complex, looking for cool things. My mother had no idea about any of this.

I could go on, but the point is that childhood was dangerous. Maybe not as dangerous as Dickens-era London, but still, I'm lucky I survived it. Some of my friends didn't, including poor Tommy Alfazy. One day, shortly after I had returned to Athens from Long Beach, he and Vince built a fort in the sand covered with boards and more sand. It collapsed, smothering him. I wish I could reach back now and tell Tommy and Vince not to build that fort, but would they listen to me, a grown-up?

Perhaps that's why I can be forgiven for being a little on the overprotective side when it comes to raising my four daughters. My wife Margie makes fun of me when we're at the airport and one of my older daughters (ages 15 and 17) excuses herself to find the restroom. It's all I can do to stop myself from following and posting guard at the door. Most often, I squirm for a bit while Margie cuts me sideways glances and then bursts out laughing when she sees my discomfort.

Generally, I give in to my paranoia, despite my wife's ridicule. My worry, of course, is absurd. But it's hard for me to accept the notion that, really, no one is safe and no one ever has been. Instead, I fall back on easy falsehoods. "You don't understand," I have told Margie, much to my discredit. "The world isn't like it was when we were kids."

SOURCE

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Really Talented Performer Wins American Idol; Liberals Blame Christians

This week Kris Allen, who during the American Idol season prompted unabashed praise from Simon Cowell and the rest of the judges, was voted America’s favorite over Adam Lambert, his theatrical and inconsistent competitor.

Because Adam Lambert is, according to many, gay, the liberal media is blaming Christians for the tough loss. There are even rumblings that this “election” was rigged. Reminiscent of Bush/Gore 2000, anyone?

Liberals are once again falling back on the only explanation they can ever muster when an anointed protégé or pet cause du jour loses: blame the backwards, hickish, intolerant Christian masses. Yes, the same folks who – inexplicably – put George W. Bush in the White House (twice), fell for Sarah Palin, and voted for Proposition 8 all to the shock and awe of the apoplectic left.

The American Idol “upset” prompted Newsweek’s Ramin Setoodeh to offer this searing analysis: “Woah. So it’s really true: Kris Allen is the new American Idol. Really? Seriously?”

His shock was mitigated by what he considered an obvious explanation for the loss: “You could say…that religion is an irrelevant criterion for judging a singing competition. But the fact remains that Idol is one of TV’s most family-friendly shows, and it draws a large number of Christian viewers. Kris Allen had the edge here.”

The Buffalo Examiner’s gay and lesbian issues point man, Kelvin Lynch, likewise explained it, “Kris is practically a poster boy for heterosexual, white-bread Christianity, while Adam is an in-your-face Jewish gay man. That could very well have played a significant role in the final voting among red state voters with texting capability.”

And Elliot Olshansky wrote in the New York Daily News: “Going into the finale, there was talk of ‘red state-blue state’ politics at work, with Lambert’s painted fingernails, ‘guyliner,’ and uncertain sexuality against Allen’s down-home, churchgoing sensibilities. Given the current political climate, that matchup appeared to favor Lambert, but a number of blue-state types may be ‘too cool’ for Idol’s mass appeal, and unlikely to vote.”

Apparently for Olshansky, the Christian ear is too untrained to appreciate Lambert's nuanced vocal abilities, and thus fell for the likeable and talented Allen by default. Bizarre indeed.

I didn’t see every American Idol episode this year. Did I miss the one where Adam Lambert ran on stage, draped in a rainbow flag, condemning heterosexuality and celebrating Satanism? What exactly did Christians object to? Nail polish? Makeup? Hair products? Have you seen Christian rock heavyweights like POD, Manafest or Decypher Down? They don't exactly look like the Vienna Boys Choir.

The suggestion that Christian viewers not only correctly interpreted Lambert’s guyliner as code for “gay” -- and not just theatrical effect -- but then decided gay men have no business in, um, show business, is hysterical, paranoid, and incredibly bigoted.

But the whole thing was a set-up from the get-go. Liberal Hollywood and popular gay activists like Perez Hilton threw their weight behind Lambert early on. Adam was a sure-thing for them, but only because they wanted him to be. His performances were criticized by the judges more than once. But it’s not like these Idol arbiters based their convictions on statistics or polls. So if you are plugged into the gossip circles, you’d have believed Lambert was a sure thing, too. Singer Katy Perry put his name on her cape during a performance – and the Daily News claimed this was actually evidence that he was supposed to win.

With few and obscure exceptions, Christian Republicans didn’t launch the attack campaign against Adam Lambert that the left is now launching against Christian Republicans. As we witnessed with the assault on Miss California Carrie Prejean, the same voices seeking increased tolerance are the very voices attacking others for their opinions. And viciously.

American Idol has thus fallen the way of the Miss USA pageant and other one-time innocuous entertainment vehicles – it’s been politicized. Not, however, by the intolerant right, but by the intolerant left who can offer no other explanation for dissent than the lunacy of fringe Christians. Maybe Kris Allen was just the preferred performer? Nah, couldn’t be that easy.

SOURCE

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BrookesNews Update

Obama's road to economic ruin and higher taxes: It should be obvious to any reasonably intelligent person that if Obama's economic policies are not abandoned or even dramatically restrained the next four years could make the Carter presidency look like an economic Elysium
The Australian budget exposes politicians economic ignorance and stupidity : Massive spending and deficits reveal that the government has no real idea on how to tackle the recession. Unfortunately, no one in our think tanks, the Reserve or the Treasury have any genuine understanding of the dangerous economic forces that are now at work. And this is why they keep getting it wrong
Austrian business cycle theory defended: Austrian trade cycle theory is the only that can adequately explain what the current economic crisis. For that reason a leftwing economists has attacked it — and failed miserably. Unfortunately, because our self-appointed gatekeepers of free market thinking have taken it upon themselves to determine who shall defend the market it is the market that is now being blamed for the financial meltdown
How America and Australia's central banks badly damaged manufacturing : The global economy is still in a parlous state. Obama's economic policies are a recipe for national bankruptcy. These are the same policies that brought the UK to the brink of economic ruin. What is being missed, however, is that manufacturing was the canary in the coal mine. The crisis — which is a monetary disorder — would have been avoided if the state of manufacturing had been correctly analysed.
Obama wants to "close tax loopholes" — not for more money but to flex government muscle : Under Obama's proposal Americans would have to prove they were not breaking U.S. tax laws by sending money to banks that don't cooperate with tax officials. Americans would no be presumed guilty until proved innocent. This means the abolition of an ancient right intended to protect the accused. I guess this is what Democrats mean by 'Hope and Change'

For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

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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" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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Is red meat bad for you?

I originally wrote the post below for my FOOD & HEALTH SKEPTIC blog but I think it is of general interest so I am posting it here too

Below is a research summary circulated on a mailing list for medical practitioners. It arrived under the heading: "Red meat is bad for you —and bad for everyone else". Further below is the journal abstract (summary) concerned -- from a very respectable medical journal. The whole thing is, however, one big confidence trick and will achieve nothing other than frightening people off perfectly harmless food that they would otherwise enjoy. The entire report is a scientific, statistical and ethical nothing. Let me tell you very quickly why.

For a start, the "hazard ratios" (relative risks) reported are negligible -- at 1.2, 1.3 etc. The Federal Reference Manual on Scientific Evidence, Second Edition says (p. 384): "the threshold for concluding that an agent was more likely than not the cause of an individual's disease is a relative risk greater than 2.0."

OK. So who cares about a silly old Federal Reference Manual on Scientific Evidence? But it gets worse. The findings are reported in terms of upper and lower quintiles. In other words they threw away three fifths of the information that they had in order to arrive at their reported conclusions. That is quite simply dishonest and unethical. NO categorization of such data for analytical purposes is now ethically defensible. In pre-computer days, when all calculations had to be performed by hand, doing so could in some cases be justified but with the advent of computers there is NO reason why regression techniques that include ALL the data cannot be used. I note that before I had access to computers, I analysed the data from my first ever piece of research (in 1966) using a regressional technique. Even at that early stage I did not contemplate throwing away any of my data in the course of analysing it.

Had the whole of the data been analysed using a regressional technique, there is no doubt the the resultant correlation between meat consumption and disease would have been derisorily small and maybe even of negative sign, indicating that red meat eating is NOT a cause of cancer, heart disease etc. It is certainly not "bad for you —and bad for everyone else". The authors would of course be aware of that but have nonetheless chosen to present their data in a way that makes mountains out of pimples, which seems to me quite simply unethical.

So how did such a piece of utter crap get published in a medical journal? More particularly, why is such crap ROUTINELY published in medical journals? I am afraid that it is a sad outcome of the "publish or perish" regime that prevails in academe. Researchers need to get papers published in order to be promoted. So a well-meaning consensus has emerged among journal editors that they will accept extreme quintile reports out of solidarity with their colleagues. Otherwise they would have to reject more than half of what they currently publish. That the practice routinely results in the public being deceived is of no account. It is an utter disgrace but I doubt if I will live to see it stopped. An ethical vacuum prevails where the public would normally expect the highest ethical standards.

The emailed circular from DocAlert Messages below:

Further evidence of a link between red meat and poor health has emerged from a large cohort of older US adults. Men and women in the top fifth of red meat intake had a significantly higher risk of death over 10 years than men and women in the bottom fifth (hazard ratio for men 1.31, 95% CI 1.27 to 1.35; for women 1.36, 1.30 to 1.43). The authors also found a link between death and a high intake of processed meat such as bacon, ham, and sausage.

The 545 653 adults were between 50 and 71 when they filled in a detailed food frequency questionnaire in 1995. By 2005, more than 71 000 had died. These large numbers mean the authors were able to estimate with some precision the risks associated with eating red and processed meats for both men and women. The analyses were fully adjusted for other lifestyle factors likely to influence lifespan, especially smoking.

These data add to other observational studies that suggest we should all eat less red and processed meats. Not least because the increasing consumption of meat in many countries is putting a strain on global supplies of water, energy, and food in general, says a linked comment (p 543). It is costlier in all these precious resources to grow meat to eat than to grow vegetables and grains instead.

Journal abstract below:

Meat Intake and Mortality: A Prospective Study of Over Half a Million People

By Rashmi Sinha et al.

Background: High intakes of red or processed meat may increase the risk of mortality. Our objective was to determine the relations of red, white, and processed meat intakes to risk for total and cause-specific mortality.

Methods: The study population included the National Institutes of Health–AARP (formerly known as the American Association of Retired Persons) Diet and Health Study cohort of half a million people aged 50 to 71 years at baseline. Meat intake was estimated from a food frequency questionnaire administered at baseline. Cox proportional hazards regression models estimated hazard ratios (HRs) and 95% confidence intervals (CIs) within quintiles of meat intake. The covariates included in the models were age, education, marital status, family history of cancer (yes/no) (cancer mortality only), race, body mass index, 31-level smoking history, physical activity, energy intake, alcohol intake, vitamin supplement use, fruit consumption, vegetable consumption, and menopausal hormone therapy among women. Main outcome measures included total mortality and deaths due to cancer, cardiovascular disease, injuries and sudden deaths, and all other causes.

Results: There were 47 976 male deaths and 23 276 female deaths during 10 years of follow-up. Men and women in the highest vs lowest quintile of red (HR, 1.31 [95% CI, 1.27-1.35], and HR, 1.36 [95% CI, 1.30-1.43], respectively) and processed meat (HR, 1.16 [95% CI, 1.12-1.20], and HR, 1.25 [95% CI, 1.20-1.31], respectively) intakes had elevated risks for overall mortality. Regarding cause-specific mortality, men and women had elevated risks for cancer mortality for red (HR, 1.22 [95% CI, 1.16-1.29], and HR, 1.20 [95% CI, 1.12-1.30], respectively) and processed meat (HR, 1.12 [95% CI, 1.06-1.19], and HR, 1.11 [95% CI 1.04-1.19], respectively) intakes. Furthermore, cardiovascular disease risk was elevated for men and women in the highest quintile of red (HR, 1.27 [95% CI, 1.20-1.35], and HR, 1.50 [95% CI, 1.37-1.65], respectively) and processed meat (HR, 1.09 [95% CI, 1.03-1.15], and HR, 1.38 [95% CI, 1.26-1.51], respectively) intakes. When comparing the highest with the lowest quintile of white meat intake, there was an inverse association for total mortality and cancer mortality, as well as all other deaths for both men and women.

Conclusion: Red and processed meat intakes were associated with modest increases in total mortality, cancer mortality, and cardiovascular disease mortality.

Arch Intern Med (2009) Vol. 169 No. 6. 562-571

In addition to the statistical and ethical failures that I have detailed above, there are of course other large problems with the interpretation of the study. The first or second thing you learn in Statistics 101 is that "correlation is not causation". The authors above were cautious NOT to make causative inferences from their data but that message got lost downstream. Even well-informed people reading the report DID assume a causative relationship. They assumed that red meat eating CAUSED heart disease etc. But NO epidemiological study enables causative inferences. There could easily be third or fourth factors producing the observed association.

Just to give a top-of-the head example of how that could have played out: Given the weak associations reported, maybe a substantial proportion of those who ate little or no meat were Seventh Day Adventists. Adventists are an exceptionally healthy group who encourage vegetarianism. So WHY are they exceptionally healthy? Nobody really knows but it seems likely that the strong social and psychological support that they get from their heavy church involvement reduces stress and thus also reduces stress-related disease. And heart disease is partly a stress-related disease. So even if we accept as proper the statistical jiggery pokery reported above we may be basing our conclusions entirely on the doings of Seventh Day Adventists -- which is not of much relevance to the rest of society.

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Don't let Leftists get away with their sneering ignorance

So I'm sitting around with family, and one conservative member mentions something he saw on Fox News.

A progressive member starts in with the passive-aggressive giggle of dismissal, and then the condescending "you mean you watch Fox News?"

And the conservative member says "Yup. Fair and balanced."

More giggles. "Oh, gosh! Do you know how many lies they tell?"

Now normally when this progressive member disparages Fox News (this is certainly not the first time) I keep my mouth shut in the name of family harmony. Which I think, unfortunately, only re-enforces the idea in such people's minds that their assertion is correct. But I decided I needed to chime in this time. The giggles are one thing. The condescension I usually gloss over. But the "lies" thing. I wasn't going to let that drop.

"No. I don't know. Tell me a lie Fox News has told."

Giggles. "Well I don't watch it."

"So you don't watch it, but you know they tell lies? How do you know they tell lies?"

"Well I read somewhere..."

"You read somewhere? How do you know that wasn't a lie?"

"Well I don't. They all do it, that's what I'm saying."

"Then why single out Fox?"

"Well I read somewhere that they were the worst."

"And you believe what you read?"

"Well let's not get into anything political. Why can't people just talk about things anymore?"

Why not indeed. Who brought it up? Who got nasty about it?

Fortunately, I suppose, the phone rang. It was for the progressive.

So I'm sitting here thinking ... "Fox News lies, but you don't have any examples and you don't watch it. They all lie, but you know Fox is 'the worst' because you read something one of the other liars wrote?"

The problem is, they're used to people either politely keeping quiet, backing down, or patting them on the head for echoing what they've been instructed to believe and many others have accepted ... typically the people they hang out with.

Don't let it happen anymore. When anyone tries to espouse how "hateful" conservative-friendly networks and show hosts are, make them back it up. Watch them back down. Stop an echo.

SOURCE

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ELSEWHERE

British aid money wasted : "Millions of pounds in taxpayers’ money have been wasted on failed reconstruction projects in Afghanistan, according to an internal assessment by the Department for International Development. An evaluation by independent consultants criticised the department’s approach to planning, risk management and staffing, and said poor co-ordination with the rest of Whitehall meant that the department was slow to shift strategy as the military effort moved to counter-insurgency. The report reveals that in 2006-07, more than half of the department’s large projects, in which millions of pounds were invested, were deemed likely to fail, excluding money put into a fund run by the World Bank. Only a quarter of state building projects were rated successful in 2006, with 4.5 per cent of them rated value for money. Among the failed projects singled out in the Country Programme Evaluation is the Afghanistan Stabilisation Fund, designed to “establish basic security and good governance in the district and provinces of Afghanistan”. This was begun in 2004 with a £20 million payment to the Afghan Government but ended three years later with “little evidence of tangible benefit”.

AK: Palin vetoes $28.6 million in federal “stimulus” funds : “Gov. Sarah Palin announced today she is vetoing the state Legislature’s decision to accept $28.6 million in federal economic stimulus money for energy relief. Palin also vetoed nearly $12 million from the state budget for construction projects. The biggest project she targeted was the improvement of the Anchorage courthouse. She also cut Southeast Alaska projects funded with cruise ship tax money. … Palin argued that taking the stimulus money would require the state to entice local communities to adopt building codes. ‘There isn’t a lot of support for the federal government to coerce Alaska communities to adopt building codes, but lawmakers can always exercise checks and balances by overriding my veto,’ Palin said in a written statement.”

NY: Terror suspects appear in court: “The four men arrested Wednesday night and accused of plotting to place bombs at New York City synagogues and shoot down National Guard jets appeared in court today, and an attorney for one of the defendants claimed his client suffers from mental illness. At a hearing for three of the defendants, Assistant U.S. Attorney Eric Snyder called the men ‘extremely violent’ and said, ‘It’s hard to envision a more chilling plot.’”

Stupid copyright restrictions: "Thanks to horribly egregious copyright legislation, books published from the late sixties onward are typically under copyright for 100 years, meaning that someone besides the author is charged with administering rights. That person is usually completely ignorant of book publishing and the content of the book or why it matters. All he wants is money that is not there. More often than not, this person will refuse to make a deal. And the book stays out of print, for the rest of our lifetimes at least. This is what copyright extensions have amounted to: great impediments to printing books and preserving literary legacies. Already, provisions of the law have burned more books than most despots in human history. And this has only just begun. We are going to be seeing this nonsense for another 100 years at least. Sad to say, many of the books that will fail to be printed are great books. But they might as well have never been written. The author is in no position to protest because he or she is six feet in the ground. His or her legacy, about which the heir cares less than nothing, is buried too. The problem is that within the structure of IP there is no rational way to price anything. The property is made scarce only by the state. Its scarcity is otherwise wholly artificial.”

Going Dutch : “Despite budget shortfalls, the Netherlands doesn’t seem interested in returning to its 1970s model of confiscatory rates of taxation. When their economy stagnated, the government quickly moved to slash the corporate tax rate from 35 percent to 25.5 percent. (In the United States, it’s roughly 40 percent) A recent proposal by the right-leaning government of Jan Peter Balkenende would lower inheritance tax rates from 27 percent to 20 percent for family members, and from 68 percent to 40 percent for non-family members. And with government coffers thinning and an aging population, a recent piece of legislation would push the retirement age from 65 to 67.”

Don’t judge the chemo kid : “The story of Daniel Hauser, a 13-year-old boy from Minnesota with Hodgkin’s lymphoma, became tabloid fodder overnight. The boy and his mother are on the lam because the mother refuses, because of her beliefs, to authorize chemotherapy treatments for her son. Hodgkin’s lymphoma has a 90 percent cure rate with chemotherapy, and a 95 percent chance of killing a person without it. Chemotherapy will likely save Daniel’s life, and as a pediatrician I wouldn’t hesitate for a moment to recommend it. But I would also like to turn down the volume on the talk-radio chatter and outraged editorials. That’s because nobody seems to be talking about what it takes to beat Hodgkin’s (or any other cancer). What it takes is a grueling regimen that can indeed give even a dying person pause.”

Will the government be the new king of all media? : “Howard Stern swore off free broadcast radio in 2004 in part because of federally mandated decency rules. The self-annointed ‘king of all media’ may have stepped off the throne in doing so. Them’s the breaks in the competitive media marketplace, contorted as it is by government speech controls. Some would argue that a new king of all media is seeking the mantle of power now that the Obama administration is ensconced and friendly majorities hold the House and Senate. The new pretender is the federal government.”

All cost, no benefit : “The Obama administration’s plan to require new passenger vehicles sold in 2016 to get an average of 39 miles per gallon or better (30 mpg or more for SUVs, pickups and minivans) is likely to be all cost and no benefit. If the proposed fuel efficiency standards were in place today, Edmunds.com reports that only two cars — the 2010 Toyota Prius (50 mpg) and the 2009 Honda Civic Hybrid (42 mpg) — would meet the standard. Angry environmentalists might thus find themselves key-scratching ‘gas guzzlers’ such as the 2009 Honda Fit (31 mpg), the 2009 Mini Cooper (32 mpg) and the 2009 Smart ForTwo (36 mpg). There is little dispute that, as a consequence, cars would become more expensive and industry profits more scarce.”

For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

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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" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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The Goebbels of IQ research?

I have just been re-reading the Rushton & Jensen reply to Nisbett and am struck by something remarkable: Not only does Nisbett misrepresent a whole range of research but he even misrepresents research by Rushton. Rushton is a major figure in IQ research, not because of the popularity of his conclusions but because of the rigor and quality of his research and thinking. And the fact that Nisbett refers quite a bit to Rushton is a testament to that.

But surely Nisbett must have known that Rushton would see the misrepresentation of his research and correct Nisbett's claims about it? But Nisbett apparently didn't care about that. He seems to have figured that Rushton's voice in protest would be a small and almost inaudible squeak compared to the megaphone that the media would hand him. In other words, he was confident that the media would enable him to get across a big lie. He believed that if you tell a big enough lie often enough people will believe it -- which was also the view of Dr Goebbels, Hitler's propaganda minister.

It's reminiscent of that old neo-Marxist fraud, Stephen J. Gould, whose book The mismeasure of man still gets quoted quite a lot by Leftists despite having been comprehensively demolished many year ago. See here and here and here and here.

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An Easily Understandable Explanation of Derivative Markets:

Heidi is the proprietor of a bar in Detroit. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with new marketing plan that allows her customers to drink now, but pay later.

She keeps track of the drinks consumed on a ledger (thereby granting the customers loans). Word gets around about Heidi's "drink now, pay later" marketing strategy and, as a result, increasing numbers of customers flood into Heidi's bar. Soon she has the largest sales volume for any bar in Detroit.

By providing her customers' freedom from immediate payment demands, Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages. Consequently, Heidi's gross sales volume increases massively.

A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Heidi's borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

At the bank's corporate headquarters, expert traders transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled and traded on international security markets. Naive investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics.

Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar. He so informs Heidi.

Heidi then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since, Heidi cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and the eleven employees lose their jobs.

Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed bond asset value destroys the banks liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

The suppliers of Heidi's bar had granted her generous payment extensions and had invested their firms' pension funds in the various BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion dollar no-strings attached cash infusion from the Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers.

Now, do you understand?

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Stimulating Ourselves to Death: They might sound great, but do stimulus packages work?

This is an article from last month but still has some good points

Barack Obama says his “unprecedented” economic stimulus package will not merely be “a short-term program to boost employment.” No, it “will invest in our most important priorities like energy and education; health care; and a new infrastructure that are necessary to keep us strong and competitive in the 21st century.”

The massive cost of the stimulus doubled even before any legislation was written, much less approved. Originally tagged at $400 billion, the proposal quickly jumped to $825 billion, and latest estimates at press time have it costing north of $1 trillion (comprised of 60 percent spending and 40 percent tax cuts).

Given the size, will the stimulus work as advertised? Will the goods and services—be they concrete for new highway projects or groceries for hungry families—pump up flagging demand and boost stalled economic activity? If so, it will be the first time in modern recorded history.

Take the New Deal. According to the economists Christina Romer—chair of Obama’s Council of Economic Advisers—and David Romer, New Deal spending did not pull the economy out of recession. In a 1992 Journal of Economic History paper, the Romers examined the role that aggregate demand stimulus played in ending the Great Depression. They concluded: “A simple calculation indicates that nearly all of the observed recovery of the U.S. economy prior to 1942 was due to monetary expansion. Huge gold inflows in the mid- and late-1930s swelled the U.S. money stock and appear to have stimulated the economy by lowering real interest rates and encouraging investment spending and purchases of durable goods.”

Even the massive spending during World War II, long touted as pulling America out of the Depression, didn’t necessarily help. In a 2006 paper for the National Bureau of Economic Research, the economists Joseph Cullen and Price V. Fisher asked whether the local economies that were the biggest beneficiaries of federal spending on military mobilization during World War II experienced more rapid growth in consumer economic activity than others. Their finding: Military spending had virtually no effect on consumption.

Another economist, Robert Higgs, offered an even more thoroughgoing critique in an excellent 1992 Journal of Economic History paper. After challenging the conventional portrayal of economic performance during the 1940s, Higgs concluded that “the war itself did not get the economy out of the Depression. The economy produced neither a ‘carnival of consumption’ nor an investment boom, however successfully it overwhelmed the nation’s enemies with bombs, shells, and bullets.” Breaking windows in France and Germany didn’t bring prosperity in America.

In his 2008 book Macroeconomics: A Modern Approach, Harvard economist Robert Barro shows that $1 of government spending in wartime produces less than $1 in GDP—80 cents, to be exact. Stanford economist Bob Hall and Sand Hill Econometrics chief Susan Woodward, neither particularly pro-market, argued recently that each dollar of government spending during World War II and the Korean War produced about $1 of GDP. In other words, the economy is not stimulated by war spending.

The example of 1990s Japan, with its collapsed housing and stock markets, is also relevant. Between 1992 and 1999, Japan passed eight stimulus packages totaling roughly $840 billion in today’s dollars. During that time, the debt-to-GDP ratio skyrocketed, the country was rocked by massive corruption scandals, and the economy never did recover. All Japan had to show for it was some public works projects and a mountain of debt.

Finally, the Bush administration passed the Tax Relief Act of 2001 and the Economic Stimulus Act of 2008, two similar packages with similar effects on the economy. Which is to say, not much. In 2008 the major component was sending $100 billion in cash to Americans so they would have more to spend and thus jumpstart the economy. It failed. People spent little if anything of the temporary rebate, and consumption did not recover....

The theory of economic stimuli suffers from several serious problems. First, it assumes people are stupid. Tax rebates, for example, presume that if people get some money to increase their consumption, businesses will expand their production and hire more workers. Not true. Even if producers notice an upward blip in sales after the rebate checks go out, they will know it’s temporary. Companies won’t hire more employees or build new factories in response to a temporary increase in sales. Those who do will go out of business....

The biggest problem is that the government can’t inject money into the economy without first taking money out of the economy. Where does the government get that money? It can a) borrow it or b) collect it from taxes. There is no aggregate increase in demand. Government borrowing and spending doesn’t boost national income or standard of living; it merely redistributes it. The pie is sliced differently, but it’s not any bigger. In fact, the data suggest that stimuli often end up shrinking the pie....

If politicians actually want to do something cost-effective to solve our economic woes, here’s some advice: Stay away from spending and tax rebates. Instead, focus on real incentives to work and invest, such as cutting marginal tax rates for everyone.

More HERE

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ELSEWHERE

A great video for bird lovers here

Airline mechanics who can't read English: "News 8 has recently revealed serious flaws in the way the FAA licenses mechanics who fix planes. There is evidence of years of problems in testing these mechanics. There is also evidence that hundreds of mechanics with questionable licenses are working on aircraft in Texas. Now there is evidence of repair facilities hiring low-wage mechanics who can't read English. Twenty-one people were killed when U.S. Airways Express Flight 5481 crashed in Charlotte, North Carolina in 2003. The plane went wildly out of control on takeoff. One reason for the crash, investigators found, was that mechanics incorrectly connected the cables to some of the plane's control surfaces in the repair shop. The FAA was cited for improper oversight of the repair process. Repairing airplanes is a complicated business. Airplanes have many manuals. Typically, when mechanics repair a part, they open the manual, consult the book, and make the repair step-by-step, as if it were a recipe book. They make a list of every action they take, so the next person to fix the plane (as well as the people who fly it) will know exactly what has been done. If mechanics don't speak English, the international language of aviation, they can't read the manual and they can't record their activities. There are more than 236 FAA-certified aircraft repair stations in Texas, according to the FAA's Web site. News 8 has learned that hundreds of the mechanics working in those shops do not speak English and are unable to read repair manuals for today's sophisticated aircraft."

Obama's Green car industry: "So far, the Obama administration has yet to lay out its magical thinking on how the homegrown auto makers are to become 'viable' when required to subordinate every auto attribute that consumers find desirable in favor of achieving a passenger-car average of 39 miles per gallon by 2016. Nonetheless the answer has quietly seeped out: Taxpayers will write $5,000 or $7,000 rebate checks to other taxpayers to bribe them to buy hybrids and plug-ins at a price that lets Detroit claim it's earning a 'profit' on its Obamamobiles."

Beer tax on tap for health care? : “Consumers in the United States may have to hand over nearly $2 more for a case of beer to help provide health insurance for all. Details of the proposed beer tax are described in a Senate Finance Committee document that will be used to brief lawmakers Wednesday at a closed-door meeting. Taxes on wine and hard liquor would also go up. And there might be a new tax on soda and other sugary drinks blamed for contributing to obesity. No taxes on diet drinks, however.”

FEC dismisses case against Wal-Mart: “The Federal Election Commission has dismissed a complaint by labor groups accusing Wal-Mart Stores Inc. of unlawfully pressuring employees to vote against Democrats in the November election. FEC commissioners found no evidence to support claims that Wal-Mart broke election law by telling employees that Democrats such as Barack Obama would support a bill to make it easier for workers to unionize.”

The return of the God King: “Most of human history is riddled with misery, poverty and slavery, save a few bright episodes that brought us great benefits, but were ultimately swallowed up by the darkness again. What was it that changed that created those bright spots? There is a simple answer, freedom. Free societies always produce more than centrally controlled ones do. The creative output increases because human energy is allowed to flow and technology is generated from the experimentation that comes with being unfettered. Without exception this is the cycle of mankind, a free people produce great wealth, not just in commodity, but intellectual wealth as well and then the pendulum swings, there is a backlash against the rising tide of equality that freedom encourages.”

The virtuous path to African development: "A source of great frustration to those concerned with world poverty is the relative stagnation of much of the African continent. It is frustrating because we know that widespread poverty is a function of human limitations, not the availability of natural resources. This fact renders less helpful than it might be the guidelines recently released under the title, Natural Resource Charter. Designed by an independent group of economists, lawyers and political scientists to help developing countries manage their natural resources in ways that create real economic growth, the Charter provides helpful insights. Unfortunately, it does not emphasize enough the crucial role of social mores beyond economics and political governance.”

For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

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" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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Nisbett answered by Rushton & Jensen

When the first publicity for Nisbett's recent book on IQ came out, I said: "I have not read the book and nothing in the review encourages me to do so but I assume that some of my colleagues who specialize in IQ studies will read it and dissect it in due course. Meanwhile, I just offer a few comments that occur to me".

My expectation has now been fulfilled. I have just received from J.P. Rushton the draft of a paper which dissects Nisbett's arguments in detail. It is in the form of a book review so should see academic publication fairly soon.

As I also expected, the liberties taken with the facts by Nisbett are enormous. If there is only one finding out of 5 that suits Nisbett, he will quote that one finding and ignore the other 4. That is a caricature of how real science is done.

Many of the points that Rushton & Jensen make are similar to points I have made in my various comments on Nisbett (See here, here and here) but Rushton & Jensen give the actual figures complete with full references.

As the paper is in draft, I cannot quote any of it directly but I can quote an excerpt that they provide from Flynn. Flynn has been one of the chief proponents of environmental rather than genetic influences on IQ and Nisbett relies on him heavily for some of his arguments. Flynn does however listen to those on the genetic side of the debate and he has recently changed his tune considerably. The following is from page 85 of Flynn's 2008 book.

There are two messages. The first is familiar: You cannot dismiss black gains on whites just because they do not tally with the g loadings of subtests. But the second is new and unexpected. The brute fact that black gains on whites do not tally with g loadings tells us something about causes. The causes of the black gains are like hearing aids. They do cut the cognitive gap but they are not eliminating the root causes. And conversely, if the root causes are somehow eliminated, we can be confident that the IQ gap and the g gap will both disappear".

In other words, Flynn accepts that there is an underlying black/white difference in IQ that cannot be traced to environmental factors. Nisbett quotes a lot from Flynn but he does NOT quote that conclusion.

And Rushton & Jensen also report empirical tests of the arm-waving assertions that emanate from Leftists about black environmental disadvantage. None of the assertions are in fact borne out by the research findings.

In that connection I found out about a quite remarkable fact that I was not previously aware of. What if a little kid came from such a poor environment that he had to be hospitalized for malnutrition and was then adopted out into a white family? One would think that a kid from such a background would be permanently handicapped. They obviously would not come from an elite family to start with and nutrition during infancy is known to be very important to subsequent development. Yet precisely that experience has happened to considerable numbers of children from East Asian backgrounds (Korea etc.). I think you know what I am going to say: Far from being dumb, these kids were after only a few years scoring ABOVE the white average on IQ! Genetics triumph! East Asians are of course in general smarter than we Anglos. Their weakness is that they respect authority too much.

Leftists will of course argue that the finding simply show what a wonderful job white adoptive parents do but isn't it odd that blacks adopted by whites still stay close to THEIR average racial IQ -- i.e. around a whole standard deviation below whites -- particularly if we look at adult IQ rather than IQ measured during childhood. It is an old truth that efforts to raise black IQ sometimes seem to be doing some good during childhood but by adulthood the improvement vanishes. Needless to say, Nisbett quotes adoption studies where IQ was measured in childhood and ignores major studies where IQ was measured in adulthood.

In most fields of science, work as incompetent as Nisbett's would earn him nothing but scorn from his colleagues but Nisbett is already heavily laden with honours and will no doubt receive even more honours before long. The human race loves its myths far more than it loves facts.

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Karl Marx on “The Russian Loan”

It was in his article, “The Russian Loan,” published in the New-York Daily Tribune on January 4, 1856, that the grotesque antisemitism of Karl Marx’s writing was on full display:

Thus we find every tyrant backed by a Jew, as is every pope by a Jesuit. In truth, the cravings of oppressors would be hopeless, and the practicability of war out of the question, if there were not an army of Jesuits to smother thought and a handful of Jews to ransack pockets.

… the real work is done by the Jews, and can only be done by them, as they monopolize the machinery of the loanmongering mysteries by concentrating their energies upon the barter trade in securities… Here and there and everywhere that a little capital courts investment, there is ever one of these little Jews ready to make a little suggestion or place a little bit of a loan. The smartest highwayman in the Abruzzi is not better posted up about the locale of the hard cash in a traveler’s valise or pocket than those Jews about any loose capital in the hands of a trader… The language spoken smells strongly of Babel, and the perfume which otherwise pervades the place is by no means of a choice kind.

… Thus do these loans, which are a curse to the people, a ruin to the holders, and a danger to the governments, become a blessing to the houses of the children of Judah. This Jew organization of loan-mongers is as dangerous to the people as the aristocratic organization of landowners… The fortunes amassed by these loan-mongers are immense, but the wrongs and sufferings thus entailed on the people and the encouragement thus afforded to their oppressors still remain to be told.

… The fact that 1855 years ago Christ drove the Jewish moneychangers out of the temple, and that the moneychangers of our age enlisted on the side of tyranny happen again chiefly to be Jews, is perhaps no more than a historical coincidence. The loan-mongering Jews of Europe do only on a larger and more obnoxious scale what many others do on one smaller and less significant. But it is only because the Jews are so strong that it is timely and expedient to expose and stigmatize their organization.

A Marxist website has provided a list of articles written by Karl Marx between 1852 and 1861 for the New York Daily Tribune. It does not surprise me that “The Russian Loan” does not appear on this list. When apologists for Marx’s antisemitism run out of explanations, they simply ignore his words.

Much more HERE

The Marx article concerned was however reprinted in "Karl Marx, The Eastern Question" (ed. by Eleanor Marx & Edward Aveling, 1897: new ed. 1969). pp. 600-606. I have also previously excerpted it here

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ELSEWHERE

Obama’s new fuel economy rules deadly for both people and carmakers: "Today President Obama will unveil a plan to sharply increase federal gas mileage rules for vehicles sold in the United States, eventually bringing the requirement up to an average of 35.5 miles per gallon. Unfortunately, these rules — known as the Corporate Average Fuel Economy (CAFE) standards — have the deadly effect of causing new cars to be lighter, smaller and less crashworthy. ‘CAFE is among the deadliest government regulations we have, and with today’s announcement it’s going to get even deadlier,’ said Competitive Enterprise Institute General Counsel Sam Kazman.”

Calif. Voters Reject Measures to Keep the State spending: "A smattering of California voters on Tuesday soundly rejected five ballot measures designed to keep the state solvent through the rest of the year. The results dealt a severe setback to the state’s fragile fiscal structure and to Gov. Arnold Schwarzenegger and the state legislators who cobbled together the measures as part of a last-minute budget deal passed in February. The measures, which would have prolonged tax increases, capped state spending, earmarked money for education and involved the state in a complex borrowing scheme against its lottery, were rejected by roughly 60 percent of those who voted. The failure of the measures, combined with falling revenues since the state passed its budget, leaves California with a $21 billion new hole to fill, while foreclosure rates and unemployment remain vexing problems here. “Tonight we have heard from the voters, and I respect the will of the people who are frustrated with the dysfunction in our budget system,” Governor. Schwarzenegger said in a prepared statement. “Now we must move forward from this point to begin to address our fiscal crisis with constructive solutions,” Mr. Schwarzenegger said." [Like firing some bureaucrats?]

Netanyahu stands firm against demands from Obama: "Benjamin Netanyahu, the Israeli prime minister, in his first meeting with the US president, made it clear that while he welcomed Mr Obama's commitment to the region, he was more concerned about dealing with the threat of Iran than peace talks. Mr Obama was unable to secure any commitments on ceasing the construction of Jewish settlements in the West Bank or embracing the "two-state solution" to achieving peace in the Middle East.... Though Mr Netanyahu made clear he wanted to hold peace talks with the Palestinians, he refused to utter the words "two-state solution", the consensus approach towards peace agreed by previous Israeli governments and US administrations...."The terminology will take care of itself," said Mr Netanyahu. "The important thing is to resume negotiations with the Palestinians as soon as possible. The issue is less one of terminology than of substance." He said that if a peace deal delivered a "terror base next door" to Israel than it would be worthless, and insisted that Hamas, the militant group that controlled Gaza, had to recognise Israel before he was ready to make concessions. The prime minister dwelt at length on the threat posed to Israel by Iran's pursuit of nuclear weapons. His goal is to persuade the Americans that Tehran must be reined in before peacemaking with the Palestinians can progress."

Senate OKs bill to regulate credit card industry: “The Senate voted overwhelmingly on Tuesday to rein in credit card rate increases and excessive fees, hoping to give voters some breathing room amid a recession that has left hundreds of thousands of Americans jobless or facing foreclosure. The House was on track to pass the measure as early as Wednesday, paving the way for President Barack Obama to see the bill on his desk by week’s end.” [Lots of low income people will now have their cards cancelled or have very low limits imposed]

Senate Dems won’t fund Gitmo closing: “President Barack Obama’s allies in the Senate will not provide funds to close the Guantanamo Bay prison until the administration comes up with a satisfactory plan for transferring the detainees held there, top Democrats said Tuesday. And in a further break with Obama, the Senate’s top Democrat said he opposes transferring any Guantanamo prisoners to the United States for their trials or to serve their sentences. Secretary of Defense Robert Gates has said 50 to 100 Guantanamo detainees may be transferred to U.S. facilities. ‘I can’t make it any more clear,’ Reid said. ‘We will never allow terrorists to be released in the United States.’”

GPS system needs stimulating: “Mismanagement and underinvestment by the U.S. Air Force could possibly lead to the failure and blackout of the Global Positioning System (GPS), a federal watchdog agency says. The risk of failure starts in 2010, according to the Government Accountability Office (GAO) report quoted by PC World. The failure would impact not only military operations, but also the millions of people and businesses who rely on the satellite-based navigation systems built into cars, boats and cell phones. ‘If the Air Force does not meet its schedule goals for development of GPS IIIA satellites, there will be an increased likelihood that in 2010, as old satellites begin to fail, the overall GPS constellation will fall below the number of satellites required to provide the level of GPS service that the U.S. government commits to,’ the GAO report states. The report says the Air Force has struggled to build successful GPS satellites within cost and on schedule.”

Ireland: Child abuse report to be released: “The findings of a nine-year inquiry into abuse suffered by children in Catholic institutions in Ireland over a 60-year period are due to be published. About 35,000 children were placed in a network of reformatories, industrial schools and workhouses up to the 1980s. More than 2,000 told the Commission to Inquire Into Child Abuse they suffered physical and sexual abuse while there.”

Why journalists deserve low pay: “Journalists like to think of their work in moral or even sacred terms. With each new layoff or paper closing, they tell themselves that no business model could adequately compensate the holy work of enriching democratic society, speaking truth to power, and comforting the afflicted. Actually, journalists deserve low pay. Wages are compensation for value creation. And journalists simply aren’t creating much value these days. Until they come to grips with that issue, no amount of blogging, twittering or micropayments is going to solve their failing business models.”

“Parasitic” new media beats old media to the punch: “Last week, I covered the arrest of three independent journalists in Jones County, Mississippi, who appear to have been scooped up for the non-crime of photographing police during a traffic stop. The first ‘old media’ story on the arrests appeared today, in the Laurel Leader-Call. In related news, over the weekend, the Christian Science Monitor reported that bloggers ‘outnumbered national reporters by a good margin’ in the press box at the National Rifle Association convention in Phoenix, Arizona. Even as fans of ink-stained fingers and bloated, institutional journalism bemoan the rise of individualistic and often partisan new media journalists, the old pros they defend barely seem to be making the effort — and when they do get off their duffs, they often do a poor job.”

For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

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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" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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Appropriate advice for the nest of low thieves who currently govern Britain

It is high time for me to put an end to your sitting in this place, which you have dishonoured by your contempt of all virtue, and defiled by your practice of every vice. Ye are a factious crew, and enemies to all good government; ye are a pack of mercenary wretches, and would like Esau sell your country for a mess of pottage, and like Judas betray your God for a few pieces of money.

Is there a single virtue now remaining amongst you? Is there one vice you do not possess? Ye have no more religion than my horse; gold is your God; which of you have not barter'd your conscience for bribes? is there a man amongst you that has the least care for the good of the Commonwealth? Ye sordid prostitutes have you not defil'd this sacred place, and turn'd the Lord's temple into a den of thieves, by your immoral principles and wicked practices?

Ye are grown intolerably odious to the whole nation; you were deputed here by the people to get grievances redress'd, are yourselves become the greatest grievance. Your country therefore calls upon me to cleanse this Augean stable, by putting a final period to your iniquitous proceedings in this House; and which by God's help, and the strength he has given me, I am now come to do. I command ye therefore, upon the peril of your lives, to depart immediately out of this place; go, get you out!

Make haste! Ye venal slaves be gone! So! Take away that shining bauble there, and lock up the doors. In the name of God, go!

Those are of course the wonderful words of Oliver Cromwell, addressed to the Rump Parliament, on 20 April 1653. See here for background on the present corruption

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How Specter's Defection Actually Helps the GOP Fight Liberal Judges

That nifty quorum rule

In light of liberal Supreme Court Justice David Souter's pending retirement, careful insider analysis of Senator Arlen Specter's defection from Republican to Democrat reveals a strange irony: Although he could give the Democrats a 60-seat filibuster-proof majority, his defection actually strengthens the "rule of quorum" power and purity of Republican opposition within the Senate Judiciary Committee, who are now more united than ever in their opposition to liberal judges. The prime example is President Obama's nomination of the ANTI-JESUS, ANTI-LIFE Judge David Hamilton, the same bad judge who issued controversial rulings banning public prayers offered "in Jesus name," and hastening the abortion of unborn children. Republicans are following traditional "quorum rules" which can prevent Judge David Hamilton from getting any committee vote. If this continues, we'll win, and this anti-Jesus, anti-Life Judge will never be promoted to the 7th Circuit Court of Appeals.

Quorum rules? Yes! The Senate Judiciary Committee procedural rules state: "Eight Members of the Committee, including at least two Members of the minority, shall constitute a quorum for the purpose of transacting business... If there is objection to bring the matter to a vote without further debate, a roll call vote of the Committee shall be taken, and debate shall be terminated if the motion to bring the matter to a vote without further debate passes with ten votes in the affirmative, one of which must be cast by the minority." On April 29th, only one minority Member attended the Hamilton hearings, Sen. Tom Coburn (R-OK), whose tough questioning opposed Hamilton, so no vote was permissible.

When Specter had ruled Judiciary as GOP minority ranking member, he could likely be counted on by the Obama administration as "one soft vote" to promote liberal judges. But now since Specter is no longer Republican, he cannot help Obama. And in breaking news this week, solid conservative Senator Jeff Sessions (R-AL) has assumed Specter's place of leadership as minority ranking Member, and all other Judiciary Republicans Hatch, Grassley, Kyl, Graham, Cornyn, Coburn, can generally be counted upon (with the possible exception of gang-of-14 member Sen. Lindsey Graham, R-SC, 202-224-5972), to stand firm against abortion and religious censorship. Now Sen. Sessions says he agrees with Sen. James Inhofe (R-OK), that we should oppose and filibuster Hamilton's nomination to the 7th Circuit Court of Appeals, the same court that reversed his liberal, activist, aggressive decisions for years. Only by re-writing the quorum rules, and overriding Senate tradition, can Democrats claim absolute power.

To support Senators Inhofe and Sessions, and stop Hamilton, we first need solidarity among any good conservatives or moderates seated on the 19-member Senate Judiciary Committee, especially Sen. Arlen Specter (D-PA), who remains on Judiciary as a Democrat. Senator Specter's phone number is 202-224-4254, and you might call to ask him to OPPOSE AND FILIBUSTER Judge David Hamilton, and keep his promise not to "rubber-stamp" the Obama administration.

But even then we'll need 40 strong Senate votes, including Nebraska Sen. Ben Nelson (D-NE), both Arkansas Senators Pryor and Lincoln (D-AR), both Maine Senators Collins and Snowe (R-ME), and all Senators in either party from southern states, to inhibit the majority cloture vote, and prevent Hamilton from getting a final floor vote.

We're now the leading national voice against Hamilton, and we're getting traction, much to the horror of many liberal groups (including the National Abortion Rights Action League who is actively campaigning FOR Hamilton). So please also call both your own Senators at 202-225-3121.

More HERE

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The myth of the parasitical bloggers

The comment by a Leftist blogger below is probably true as a picture of journalists using Leftist blogs but I doubt that many journalists read conservative blogs

Maureen Dowd's wholesale, uncredited copying of a paragraph written by Josh Marshall (an act Dowd has now admitted) -- for what I yesterday called her "uncharacteristically cogent and substantive column"-- highlights a point I've been meaning to make for awhile. One of the favorite accusations that many journalists spout, especially now that they're searching for reasons why newspapers and print magazines are dying, is that bloggers and other online writers are "parasites" on their work -- that their organizations bear the cost of producing content and others (bloggers and companies such as Google) then unfairly exploit it for free.

The reality has always been far more mixed than that, and the relationship far more symbiotic than parasitical. Especially now that online traffic is such an important part of the business model of newspapers and print magazines, traffic generated by links from online venues and bloggers is of great value to them. That's why they engage in substantial promotional activities to encourage bloggers to link to and write about what they produce. Beyond that, it is also very common -- as the Dowd/Marshall episode illustrates -- for traditional media outlets and establishment journalists to use and even copy content produced online and then present it as their own, typically without credit. Many, many reporters, television news producers and the like read online political commentary and blogs and routinely take things they find there.

Typically, the uncredited use of online commentary doesn't rise to the level of blatant copying -- plagiarism -- that Maureen Dowd engaged in. It's often not even an ethical breach at all. Instead, traditional media outlets simply take stories, ideas and research they find online and pass it off as their own. In other words -- to use their phraseology -- they act parasitically on blogs by taking content and exploiting it for their benefit. Since I read many blogs, I notice this happening quite frequently -- ideas and stories that begin on blogs end up being featured by establishment media outlets with no credit.

More HERE

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ELSEWHERE



Well-fed terrorist leader finally killed: "The leader of Sri Lanka's Tamil Tigers was shot dead yesterday while trying to flee government troops, a senior defence official said. Velupillai Prabhakaran, 54, and several close aides were in a convoy of a van and ambulance which tried to drive out of the battle zone, but were attacked and killed. The defence ministry said the rebels' leadership was decimated, heralding an end to their 26-year-fight for an independent ethnic homeland in the north of the island. Mr Prabhakaran's son and several key aides were killed by commandos earlier yesterday."



Rise of Europe’s extreme politics: “From Stockholm to Sardinia, Waterford to Warsaw, a noisy and eclectic band of nationalists and eurosceptics are on the campaign trail hoping to unseat their mainstream rivals in the European Parliament. Dutch anti-Islamists, Hungarian nationalists, Italian separatists and an Irish-backed anti-Lisbon Treaty party are all clamouring for seats when Europe goes to the polls between 4 and 7 June. And a combination of dismally low voter turnout and the economic downturn looks set to play into their hands in the vote. Job losses and the grimmest economic forecasts in decades have created the ideal conditions for single-issue candidates and marginal groups hostile to the EU to win seats in the Strasbourg assembly.” [Pic of an Italian candidate appropriately on the right above]

Health care — speaking of taxes: “According to AP, there’s not much of an appetite among Democrats to raise taxes to support ‘health care reform.’ And, of course, given the estimates of the cost of ‘health care reform,’ aimed at making health care ‘more affordable’ (how do they get away with that, especially in light of our experience with Medicare and Medicaid), there’s no question that taxes must increase. Right now the administration and Democrats are attempting to convince a skeptical public that most of that cost can be recovered in ‘efficiencies’ government will introduce into the system. It is the oldest con game going.”

Sexting: A grown up approach: “Teenagers will be teenagers, and during that period of their lives their hormones are rampant and the opportunity to explore takes on attractive new levels. Throughout this time there are many dangers and one of which seems to have taken hold of the media’s imagination is the apparent craze of ’sexting.’ This is the new mode of communicating juvenile lust, whereby the sender of a text attaches anything from, titillating to pornographic pictures of themselves and then presses send. The recipient usually being the latest crush. In the United States there have recently been some high profile cases of teens being arrested and charged with child pornography and shackled with the tag of being sex offenders. But as highlighted by this article there are two very different approaches to dealing with teens just being teens.”

How to get ahead via the Leftist media: “Should my advice be solicited by any ambition young writer seeking the quickest path to wealth and fame, I would outline a strategy like this: * Establish yourself early as a ‘promising conservative intellectual’ — Become the token conservative columnist for your college newspaper, get into a Republican youth leadership summer program, do an internship at National Review or a GOP-leaning non-profit. * Aggressively suck up to Republican politicians — Try to land a speechwriting or ‘policy advisor’ gig for a senator or governor who is seen as a prospect in the next presidential campaign. * Once you’ve made a name for yourself, go ‘rogue’ — That is to say, after leaving your job as a Republican staffer, think-tank analyst or conservative journalist, do everything possible to sabotage GOP prospects. Followed carefully, this plan will land you a book deal before you’re 30, a regular spot as a panelist on a Sunday network news show, and a twice-weekly op-ed column in an influential newspaper.”

Obama’s magic bubble deflator : “In case you’ve ever wondered what it must have been like to read Pravda, reading the American media’s treatment of the financial crisis and our wise leaders’ expert management of it all has given everyone a wonderful opportunity. For instance, check out this piece from several days ago on Politico. If you can’t bring yourself to click on the link, I’ll give you the headline: ‘Obama Would Regulate New ‘Bubbles.’”

Great Right North: “Reports last week that the recession is draining Social Security and Medicare funds were just one more reminder that the United States needs to fix its finances. For inspiration, why not look to Canada? Long derided by American conservatives as ’socialist’ and praised by the left for its generous government spending, Canada is casting off those stereotypes. Over the past few years, while U.S. politicians presided over huge increases in spending and debt, the Canadian government tightened its belt, slashed tax rates and balanced budgets.”

Banker of the Year: “Beal has been buying toxic assets and broken-down banks in big huge gulps. And he’s been doing it without the help of government. Forbes says that he ‘has purchased $800 million of loans from failed banks, probably more than anyone else.’ How? Well, back in 2004 he stopped making loans. He almost stopped banking. He cut back his hours. He had to lay off a lot of employees. Why? He didn’t trust the market. He thought the binge of borrowing and lending utterly foolish. Forbes relates that his behavior puzzled regulators, who were worried that he was over-capitalized! How could he resist the huge profits? Well, Beal sure showed the regulators. And his competition. Today he’s buying assets for pennies on the dollar.”

For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

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" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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