The business of business is business. But that does not mean a business should unconcerned with outcomes or the world around it. It is evident that business concerns form an integral part of every aspect of human interaction.
When it comes to energy, climate change, justice and transparency, the Obama Administration and its Environmental Protection Agency want it every possible way. Their only consistency is their double standards and their determination to slash hydrocarbon use, ensure that electricity prices “necessarily skyrocket,” expand federal government command and control, and “fundamentally transform” America.
Newt Gingrich’s recent article on CNN asks “What Would Reagan Do About ISIS?” Writing a “speech” from the perspective of Ronald Reagan as if he was still president, Gingrich seeks to show a more assertive, commanding response to the massive unrest in Iraq and Syria. The relative merits of Gingrich’s Reagan’s speech are not worth all that much consideration (In a nutshell, it calls for swift action against the militants, and generally damns the present policy). What is of interest is the strange phenomenon the article reveals about a large section of the American right wing today: dogmatic Ronald Reagan worship.
The Financial Stability Oversight Council (FSOC), the unelected oversight group created by the Dodd-Frank Act to monitor and regulate firms deemed to pose systemic risk to the economy (ie. “too big too fail”), has decided begun to expand its remit beyond what even the law’s authors had imagined.
Political rhetoric in the United States, particularly on the right, has a strong tendency to focus on the incomparable economic freedom of Americans and American businesses. They portray the rest of the world as more socialistic and the American system as the closest thing to a free market economy operating in the world. Yet that is far from the truth. In fact, America is swiftly being supplanted as a preferred place of business by many other countries in the rich world.
Here in America and elsewhere around the world, Greens continue to war against any energy other than the “renewable” kind, wind and solar, that is more costly and next to useless. Only coal, oil, natural gas, and nuclear keeps the modern and developing world functioning and growing.
Penn Jillette, the world-famous magician (and fellow of the Cato Institute), has a saying: “Everybody got a gris-gris.” By that, Jillette means everyone has some irrational belief or superstition, something one believes even when knowing it is an unreasonable. We carry these superstitions through life like talismans, and we defend them when confronted with the cold light of reason. My gris-gris is NASA.
It is a rare occurrence when Hollywood produces a film that neither glorifies the welfare-warfare state, nor vilifies capitalists and businessmen. Yet that is exactly what Marvel Studios has managed with the Iron Man series. In the character of Tony Stark we see the pinnacle of the capitalist fantasy: an ingenious businessman who values property rights and self-defense, and who does not compromise those fundamental rights in the face of government intimidation and force.
In yet another uninspiring performance by our unengaged and unengaging president, this time a press conference at the end of a three-day U.S.-Africa Leaders Summit in Washington, D.C., Barack Obama discussed, among other things, the ceasefire between Israel and Hamas which, according to The One, “we” have achieved.
When Andrew Cuomo was elected governor of New York in 2010, he promised to root out corruption in the New York state government. He began belatedly to act on that promise in 2013 when he set up the Moreland Commission to Investigate Public Corruption. The commission quickly set about investigating corruption and government malfeasance. In one year, they had discovered evidence of potentially criminal actions by as many as 12 state lawmakers. The commission made a number of criminal referrals to federal prosecutors.
President Obama came into office promising the most open White House in American history. He went back on that promise almost immediately, refusing to cooperate with oversight organizations and stonewalling the press. Jay Carney, Obama’s press secretary from 2011 to 2014, dodged questions nearly 10 thousand times during his tenure. Brianna Keilar, a CNN reporter, as said of the White House that “anyone here can tell there’s less access than under the Bush administration.” When even Obama’s fawning press corps is fed up, you know something is going on.
For a half century the idea that saturated fat in foods raises cholesterol and, consequently, causes heart attacks was dogma ostensibly justifying government regulation. The attacks on dietary fat have increased in recent years due to the “war on obesity.” But a new book based on nearly ten years of research has fired a devastating salvo in defense of this designated dietary enemy. The Big Fat Surprise: Why Butter, Meat and Cheese Belong in a Healthy Diet by Nina Teicholz traces the origin of the fat myth from its faulty scientific beginning to its discrediting.
The Daily Record reports that the Maryland Public Service Commission ruled that Uber is a common carrier subject to its regulatory jurisdiction. The PSC stated: “[W]hen viewed in their totality, the undisputed facts and circumstances in this case make it clear that Uber is engaged in the public transportation of persons for hire. Thus, Uber is a common carrier and a public service company over whom the Commission has jurisdiction…”
Conservative and liberal media alike were all atwitter with Thursday’s midday news that the House of Representatives was going on its summer recess without passing a border-related bill because Republicans did not have the votes to pass it. The leftwas particularly pleased in the apparent inability of the new House leadership team to pass a relatively inexpensive bill that contained at least one conservative priority on an extremely visible issue.
In Thorner’s Illinois Review article of Thursday, July 31, the progressive-based education system in place today is traced back to Karl Marx in Germany to New England-born John Dewey and his tenure at Columbia University, ending with Dewey’s acolytes, the husband and wife team of Richard Cloward and Frances Fox Piven at Columbia in the 60’s. The two produced the Cloward-Piven strategy in play today in the Obama administration.
Last week a federal judge ordered Microsoft to hand over its data stores to the government, including data housed overseas. The ruling marks an ominous new chapter in Internet privacy, one that could have lasting impacts on both individuals’ privacy online and the nature of international law.
Since the Reagan administration, the United States has, under various guises, sought to develop technology that would render enemy intercontinental ballistic missiles non-threatening to its people and interests. The national missile defense program has been aimed at bringing about the end of foreign missile threats from rogue states and geopolitical foes alike. Missile defense systems have grown exponentially more effective and sophisticated, and have culminated in an interceptor system that will soon make missile attacks on areas shielded by such systems pointless.
Dear President Obama,
For nearly six years, now, you have declared your intention and desire of being my Nanny-in-Chief. Your original campaign slogan of “Hope and Change” was really a promise of “Control and Command.” Well, Mr. President, I have a request: Mind your own business.
It seems that when Chief Justice John Marshall was preparing the opinion for McCulloch v. Maryland he tapped into an eternal truth. “The power to tax is the power to destroy,” he wrote on behalf of a unanimous Supreme Court. Those words are no less true in 2014 than they were in 1819. Taxation appropriates money from one person or group of people in order to give it to others. There is no way to escape taxes. But there is a way to make taxes somewhat fairer. One way is to make taxes flatter and expand the tax base.
How obscene is it for a Florida jury to award $23.6 billion to the widow of a man who died of lung cancer in 1996? She sued R.J. Reynolds Tobacco Company by asserting that her husband had been “fooled” into starting the smoke at age 13. Apparently he had never heard cigarettes referred to as “coffin nails”, a slang term that has been around since the last century. And how come all those patches, chewing gum, and other means to stop smoking had no effect, if used by her late husband?