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.
The siren song of independence and national self-determination has sounded once again across Europe. It is a song that holds echoes of a century ago, when the internal force of nationalism convulsed the European empires into world war. Yet, while the song remains the same, the tune has changed.
I recently toured Portugal and Spain, where the clashes between civilizations and “little ice ages” were especially violent. The effects of climate change on the Iberian Peninsula over the centuries vividly demonstrate why we should not fear global warming: The effects of any plausible warming scenario for the coming decades will only be positive and contribute to human flourishing. They always do.
Ironically six of the original European colonial powers of yesteryear, the UK, Germany, France, Italy, Spain and the Netherlands, have aligned to resist the new virtual-colonial-power — Google’s hegemony over[...]
Arnold Schwarzenegger says as California goes with a ruinous cap-and-trade scheme, so the nation should follow. Fresh from crushing “greedy Texas oil companies” and seeing his political enemies driven before[...]