The subject of tax inversion, in which American firms avail of lower tax rates in foreign countries by merging companies in those countries, has become very topical in the last couple weeks thanks to a decision by Abbvie, a drug company, to merger with Shire, an Ireland-based firm and move its headquarters overseas. One of at least 47 tax inversions in the last decade, the Abbvie-Shire deal is the largest such action yet, worth $54 billion. Perhaps unsurprisingly, President Obama and Democrats in Congress have become apoplectic with rage at the audacity of a business making a prudent decision to escape bloodsucking taxes.
The American presidency has grown in power almost continuously since the outbreak of World War II. The executive has risen from being simply the chief magistrate of the government to be being a quasi-legislative force, a leader who pushes an aggressive legislative agenda as well as enforcing the laws passed by the legislature. The president is frequently referred to as “the most powerful person in the world,” or “the leader of the free world.” Such appellations represent far more than good PR. They are statements of fact that the president of the United States has drastically more power and authority than any other individual on Earth. For that reason certainly, presidents should be restricted to a single term of office.
The Labour Party, the main opposition political party in New Zealand, made headlines last week when it announced its proposed policy for trying people accused of rape. According to the party’s justice spokesman, Andrew Little, the party is proposing that the burden of proof be reversed in rape trials. In other words, people accused of rape must prove their innocence.
When asked to imagine the birthplace of our contemporary republican democracy, most educated people point to the democratic traditions of ancient Athens and to the institutions and offices of the Roman Republic. Yet, Athens was destroyed and its democracy destroyed centuries before the birth of Christ, and the Roman Republic succumbed to imperial despotism in 27BC. These shining examples continued to burn as embers of remembrance long after their practical extinction, thanks to a political and intellectual class dedicated to the preservation of ancient documents and knowledge. But while preserving the records, the successor states of both Athens and Rome were neither democratic nor republican in character.
The U.S. Environmental Protection Agency announced on Monday, June 1, a power-plant proposal that seeks a 30% carbon dioxide emissions cut by 2030 from existing power plant, based on emission levels from 2005. With this proposal, the main piece of President Obama’s Climate Change Agenda has been set in motion. Although the rule is scheduled to be completed one year from now and will give flexibility to the states, it will regulate carbon emissions from hundreds of fossil-fuel power plants across the U.S. The 600 U.S. coal plants will be hardest hit by the standard.
In his novel Nineteen Eighty-Four, George Orwell described the “memory hole,” a chute leading to a vast incinerator into which all unwanted documents were cast. The memory hole served as the ultimate form of state censorship, destroying any trace of information deemed to pose a threat to the regime. Thanks to a ruling in May by the European Court of Justice, a genuine digital memory hole has come online.
It began as the idea of one eccentric entrepreneur, but now has 1.3 million signatories backing it: the case for breaking California up into six separate states is gathering steam. When the Six Californias campaign began, most serious commentators thought it was crackpot scheme, a pipe-dream of a few people that had no hope of gaining traction. They have been proved wrong. To an extent anyway.
Now that the dust has settled on the Supreme Court’s 2014 session, we can look at the decisions and conclude that the Administration received a serious smack down. Two big cases got most of the news coverage: Hobby Lobby and the National Labor Relations Board’s (NLRB) recess appointments. In both cases, the Administration lost. At the core of both, is the issue of the Administration’s overreach.
Most Americans would agree that liberty and freedom are values fundamental to our nation, but, if questioned, do they really know the intent of their meanings, or have they changed through time? David Hackett in his book,Liberty and Freedom: A Visual History of America’s Founding Ideas, shows how liberty and freedom form an intertwined strand that runs through the core of American life. But like DNA, liberty and freedom have been transformed and recombined with every generation. Hence, the earliest colonies shared ideals of liberty and freedom may have evolved into different meanings today.
The very centers of urban cores in many major metropolitan areas are experiencing a resurgence of residential development, including new construction in volumes not seen for decades. There is a general impression, put forward by retro–urbanists and various press outlets that the urban core resurgence reflects a change in the living preferences of younger people – today’s Millennials – who they claim are rejecting the suburban and exurban residential choices of their parents and grandparents.
Prominent libertarians have been making the news with various proposals to build libertarian paradises free of government control. Venture capitalist Peter Thiel has perhaps been the most vocal, with his support for building floating free cities in international waters well known. While such grand visions may be possible to achieve, they are still a ways off from fruition. If you are looking for a libertarian refuge in the here-and-now, however, there is a place for you to go: New Hampshire.
Panel 8 of the 9th International Conference on Climate Change was on the subject of “Costs and Benefits of Renewable Energy.” The panel was focused on the subject of renewable energy, specifically the high cost and potentially devastating economic consequences produced by the federal government’s efforts to replace the current energy sources with renewables.
It’s beginning to sink in with the intelligentsia: The flood of illegal aliens (yes, I said “illegal”) and particularly the tsunami of children traveling alone — parents risking their youngsters’ lives by sending them from Central America through gang-ravaged Mexico — threatens to turn the immigration debate into a major political liability for Democrats in November.
Panel 11 of the 9th International Conference on Climate Change was on the subject of “Climate Change, Human Health, and Adaptation.” The panel was primarily concerned about how climate change, and government responses to it, might affect the quality and extent of human life in the future.
Debt is an issue that affects countries all over the world. Almost all countries are in debt as their governments take loans to cover for variations in their tax receipts. Yet while many developed countries such as Greece and Ireland are increasingly facing debt crises of their own, the effect of such debt is not nearly as crippling as it is for developing nations.
A cautionary tale about the pitfalls of bureaucratic incompetence played out in Ireland over the last several days. American country music star Garth Brooks was scheduled to play five concerts in the Croke Park arena, one of the largest venues in the country. In all, 400,000 tickets were sold. That is an astonishing number, considering Ireland’s population is just under 4.6 million. Close to one in ten citizens was planning to attend!
The Comprehensive Nuclear-Test-Ban Treaty (CTBT) outlaws the testing of nuclear weapons. So far, 183 countries signed the treaty, but it cannot become a binding international law until it has been ratified by all states capable of developing nuclear weapons, of which there are 44 specified in the treaty. Of these states, three (India, Pakistan, and North Korea) have not signed the treaty, and a further six (China, Egypt, Israel, Iran, and the United States) are yet to ratify it.
As Americans pause to celebrate the 238th anniversary of the signing of the Declaration of Independence in 1776, it well may be one of the saddest Fourth’s in decades. The six and a half years of the Obama regime has failed to unleash the nation’s capacity to recover from the 2008 financial crisis and has left the nation saddled in debt and dependency.
There is value in citizens informing themselves about the basics of science, particularly science that is having a major impact on public policy. When science is high on politicians’ agenda, it has to be high on citizens’ agenda too. That is often difficult in the realm of science, which often requires specialist knowledge and a large amount of time to dedicate to the pursuit. However, there are useful primers readily available and written for public consumption that can serve as a solid basis on which voters can develop learned opinions.