Archive for December, 2008

Their lips are moving

Saturday, December 27th, 2008

Here at home at my parents' house, I pay much more attention (i.e., a non-zero amount) to newspapers than I do back home in my apartment. A couple days ago, I noticed on the front page of the Atlanta Journal-Constitution two items about the nascent Obama administration. First, Joe Biden ...

Water shortages and water-trading between states

Saturday, December 27th, 2008

My former state of residence, Georgia, is in a severe drought. It has been for years. It has gotten worse and worse over the last couple of years. Naturally, only government intervention in the water market can cause a true shortage. As far as I understand it, governments in the ...

Of course, Rahm Emanuel secretly negotiated with Blagojevich

Wednesday, December 17th, 2008

The fact that Rahm Emanuel is a belligerent warmonger hasn't noticeably stirred up very much unrest among Obama maniacs. Neither has his...shall we say, vicious and vindictive personality. In fact, a lot of people lauded Obama's choice for his chief of staff precisely because of Emanuel's uncompromising and dictatorial attitude ...

Lew copies John

Monday, December 15th, 2008

In his recent column against the imminent automaker bailout, Lew Rockwell raised an objection that I raised a month ago. Lew wrote: What Americans have chosen not to buy, the government is now effectively forcing them to buy. You want a Toyota and paid for it with your money but your ...

Bernard Madoff arrested for running Ponzi scheme

Friday, December 12th, 2008

Apparently the irony is completely lost on the professional criminals in the FBI and SEC. According to a Bloomberg article, Bernard Madoff, founder and president of a New York firm that invested funds for wealthy individuals, hedge funds and other institutions, was charged with operating what he told employees was a long-running ...

Jim Rogers calls most large U.S. banks “bankrupt”

Friday, December 12th, 2008

Jim Rogers spoke at the Reuters Investment Outlook 2009 Summit: Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt. [...] What is outrageous economically and is outrageous morally is that normally in times like this, people who are competent and who saw it coming ...

Scarcity is not shortage

Thursday, December 11th, 2008

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. —Thomas Sowell I might only be an amateur student of economics, and a lazy one at that (I have totally ...

The Kel Weaver Political Bit

Monday, December 8th, 2008

My brother, whom I would describe as a Christian Fundamentalist Republican, once made a comment that I was "more right" than he was, simply because I wanted even less government than him. This seems odd to me, considering that I'm opposed to laws against gay marriage, drugs, or many other ...

Barack Obama: window breaker extraordinaire 2

Sunday, December 7th, 2008

From an Associated Press article: President-elect Barack Obama said Saturday that he wants to revive the economy and create jobs by upgrading roads, schools and energy efficiency in a public-works program whose scale has been unseen since construction of the interstate highway system in the 1950s. He offered no price estimate for ...

Science needs an economics revolution

Saturday, December 6th, 2008

Here in the scientific research world, there is considered to be a vast dichotomy between the atmospheres and work environments in academic (university) research labs and private (big pharma and biotech) research labs. Whether it's true or not, I don't know. The impression is that in academia, you are free ...

Quote of the day

Friday, December 5th, 2008

Bailout-related quote of the day: "The worst crime against working people is a company which fails to operate at a profit." —Samuel Gompers

Stabenow and Gettelfinger plead for bailout

Friday, December 5th, 2008

On the radio this morning I heard a clip of Michigan Senator Debbie Stabenow, presumably in Washington, talking about the desperate need for a bailout of the automotive industry. I can't find an article or video with her dialogue, but this is very close to an exact quote from Stabenow's ...