Archive for the ‘Economics’ Category

Facebook Humor

Thursday, June 4th, 2009

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Fear

Thursday, May 14th, 2009

During the election, I heard a pro-Obama lawyer in my office accuse a pro-McCain lawyer in the office that the only reason he wouldn’t vote for Obama is fear (presumabably fear of a black person as president). That sort of attitude seems pretty prevalent, even now.

Pro-Obama supporters are right in a sense. I do fear the Obama administration. Not because President Obama is black. But because of what Obama does. He may have flourishing rhetoric and he is a gifted politician, but as George Will points out in the article quoted below, what scares me about Obama is the “tinctiture of lawlessness” we are seeing from the Obama-run federal government.

Will points out:

Anyway, the Obama administration, judging by its cavalier disregard of contracts between Chrysler and some of the lenders it sought money from, thinks contracts are written on water. The administration proposes that Chrysler’s secured creditors get 28 cents per dollar on the $7 billion owed to them but that the United Auto Workers union get 43 cents per dollar on its $11 billion in claims — and 55 percent of the company. This, even though the secured creditors’ contracts supposedly guaranteed them better standing than the union.

The Economist says the administration has “ridden roughshod over [creditors'] legitimate claims over the [automobile companies'] assets. . . . Bankruptcies involve dividing a shrunken pie. But not all claims are equal: some lenders provide cheaper funds to firms in return for a more secure claim over the assets should things go wrong. They rank above other stakeholders, including shareholders and employees. This principle is now being trashed.” Tom Lauria, a lawyer representing hedge fund people trashed by the president as the cause of Chrysler’s bankruptcy, asked that his clients’ names not be published for fear of violence threatened in e-mails to them.

Yes, I am scared. I am scared of high taxes and wealth redistribution. I am scared of increasing Federal power dictated by elitists on the coasts and non-reflective of traditional American values. I am scared of what high taxes will do with our economy in terms of incentive and ingenuity. On the incentive point, I am scared that America will lose its economic influence in the world, which is part of what secures our comfortable lifestyle and provides for the peaceful defense (for the most part). I am scared that the whim of the president and his friends (and make no mistake, if you are not a friend of Obama you are deemed an enemy, citizen or not) dictate to businesses what they must do, how they must act, and the metes and bounds of contracts already entered into, even when contrary what was agreed–all this by people who have never sat in a corporate board room, let alone been to a corporate board room.

Yes. I am scared. Not of Obama’s skin, but of what Obama is doing.

Economic Report Card

Tuesday, April 14th, 2009

Headline:

Obama Delivers Economic Report Card, Defends Agenda

So Obama is telling us how good a job he has done on the economy?!? Since when does the student get to determine his own grades?

And It’s a Good Thing, Too

Monday, October 20th, 2008

A recent British study shows that disposable diapers are better for the environment that reusable diapers. Either way, I wasn’t about to switch over to save the hummingbirds any time soon.

A government report that found old-fashioned reusable nappies damage the environment more than disposables has been hushed up because ministers are embarrassed by its findings.

The report found that using washable nappies, hailed by councils throughout Britain as a key way of saving the planet, have a higher carbon footprint than their disposable equivalents unless parents adopt an extreme approach to laundering them.

To reduce the impact of cloth nappies on climate change parents would have to hang wet nappies out to dry all year round, keep them for years for use on younger children, and make sure the water in their washing machines does not exceed 60C.

This just goes to show that what is best for the environment isn’t always what requires the most effort.

What is the World Coming To?

Tuesday, October 14th, 2008

My Dad sent me this article, which is interesting. I find the population discussion quite compelling.

To be fair, I searched the internet to find a good copy of the article. It was supposedly given at the World Economic Forum to a group of CEOs.

There are a number of people online questioning when and where this article was published. Many claim the speech was never given. However, these same critics tends to call the author names at the same time, which makes it hard to take their assertions seriously. Invariably, they assert that Herbert Meyer never spoke at the World Economic Forum, therefore the paper is a hoax. Others attribute this paper to the 2006 forum (which would seem to gel better with his take on Iraq).

I couldn’t find anything authoritative on way or another, even at the World Economic Forum website. It is plausible that this paper is by Herbert Meyer, but given at another event, or that it was given in one of the many official, but not always well documented, break-out sessions at the World Economic Forum, or that it is a complete hoax altogether. I could not locate an official Herbert Meyer website, nor is there an official (or even semi-official) statement disavowing this paper being his.

So, for what it is worth, read on.


WHAT IN THE WORLD IS GOING ON?
A GLOBAL INTELLIGENCE BRIEFING FOR CEOs

By HERBERT MEYER

FOUR MAJOR TRANSFORMATIONS

Currently, there are [4] major transformations that are shaping
political, economic and world events. These transformations have
profound implications for American business leaders and owners, our
culture and on our way of life.

1. The War in Iraq

There are three major monotheistic religions in the world:
Christianity, Judaism and Islam. In the sixteenth century, Judaism and
Christianity reconciled with the modern world. The rabbis, priests
and scholars found a way to settle up and pave the way forward.
Religion remained at the center of life, church and state became
separate. Rule of law, idea of economic liberty, individual rights,
human Rights-all these are defining point of modern Western
civilization. These concepts started with the Greeks but didn’t take
off until the 15th and 16th century when Judaism and Christianity
found a way to reconcile with the modern world. When that happened,
it unleashed the scientific revolution and the greatest outpouring of
art, literature and music the world has ever known. Islam, which
developed in the seventh century, counts millions of Moslems around the world who are normal people. However, there is a radical streak
within Islam. When the radicals are in charge, Islam attacks Western
civilization. Islam first attacked Western civilization in the seventh
century, and later in the 16th and 17th centuries. By 1683, the
Moslems (Turks from the Ottoman Empire) were literally at the gates
of Vienna. It was in Vienna that the climatic battle between Islam
and Western civilization took place. The West won and went forward.
Islam lost and went backward. Interestingly, the date of that battle
was September 11. Since them, Islam has not found a way to reconcile
with the modern world.

Today, terrorism is the third attack on Western civilization by
radical Islam. To deal with terrorism, the U.S. is doing two things.
First, units of our armed forces are in thirty countries around the world
hunting down terrorist groups and dealing with them. This gets very
little publicity. Second we are taking military action in Afghanistan
and Iraq.

These actions are covered relentlessly by the media. People can argue
about whether the war in Iraq is right or wrong. However, the
underlying strategy behind the war is to use our military to remove
the radicals from power and give the moderates a chance. Our hope is
that, over time, the moderates will find a way to bring Islam forward
into the 21st century. That’s what our involvement in Iraq and
Afghanistan is all about.

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