How many times has government royally messed up something? And not fired anyone? Or done anything that remotely resembles improving their performance? Oh so very often. In part because they don’t care – once they have the power, they don’t care what happens to us. In part because they are too busy planning their next grabs.
Keynesians never seem to learn. Every time an economy slows down or reverses gears and “goes negative,” in terms of growth and employment, their only answer is a call for “aggregate demand” stimulus and more government spending manipulation.
The real purpose for his visit to Washington, D.C. and his address before Congress was to push for Congressional approval of the Trans-Pacific Partnership (TPP) between the U.S., Japan and 10 other nations (Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam). Meant to extend and widen trade and related commercial relationships between the participating countries, it is also been presented as a way for the U.S. to maintain his economic and political power in East Asia in the face of the rising influence of China in that part of the world.
As demographers have projected for some time, China’s population growth is slowing. The nation gained population at a rate of 0.49% between 2010 and 2013, according to data from the National Bureau of Statistics. This is a reduction from the rate of 0.57% between 2000 and 2010. Further growth rate declines are expected until the 2030s when the total population, according to United Nations projections, will actually begin to decline.
In Today’s edition of The Heartland Daily Podcast, Director of Communications Jim Lakely speaks with the Managing Editor of Environment and Climate News H. Sterling Burnett. Burnett and Lakely discuss a variety of environmental topics.
On January 5, Compact for America Education Foundation President & Executive Director Nick Dranias was a guest on Michigan’s Frank Beckmann show. Sitting in for Frank Beckmann and conducting the interview was M. L. Elrick. Dranias discussed his organization Compact for America and their plan to fix the national debt crisis.
Tianjin is located on Bohai Gulf, approximately 75 miles (120 kilometers) from Beijing. It was the imperial port of China, by virtue of that proximity. Tianjin also served as one of the most important “treaty ports” occupied and/or controlled by western nations and Japan for various years before 1950.
Policy analysts and pundits alike seem to enjoy downplaying the U.S. economy’s recovery since the recession of 2008/9. It is time for them to wake up and smell the roses: The U.S. economy clearly is the dominant economy of the world. The European Union’s death rattle continues, while China is encountering a litany of unforeseen problems.
Finally, there is credible housing affordability data from China. For years, analysts have produced “back of the envelope” anecdotal calculations that have been often as inconsistent as they have been wrong. The Economist has compiled an index of housing affordability in 40 cities, which uses an “average multiple” (average house price divided by average household income) (China Index of Housing Affordability). This is in contrast to the “median multiple,” which is the median house price divided by the median household income (used in the Demographia International Housing Affordability Survey and other affordability indexes). The Demographia Survey rates affordability in 9 geographies, including Hong Kong (a special administrative region of China). The average multiple for a metropolitan market is generally similar to the median multiple.
More than seven billion people now populate Earth, including six billion who live in developing economies. After having already quadrupled in the past century, the world’s population could reach near 9 billion by 2050, according to projections by the United Nations. Half of that growth will come from Africa, which will increase its percentage of world population from 13 to 20 percent.
Last week the Dalai Lama, the religious leader of the Tibetan people, announced that he might not reincarnate, a suggestion that has sparked a flurry of commentary and speculation about the future of the Tibetan independence movement.
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.
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.
There is a strain of thought in the American pro-liberty movement that argues for what is essentially a return to a policy of isolationism. That is the attitude typified by former Representative Ron Paul and his adherents, who have spent years calling for the withdrawal of the United States from many of its foreign treaty and institutional obligations, including the United Nations. There is a certain attractiveness to this position, especially in light of the recent exhausting and expensive wars in Iraq and Afghanistan. The claim that the War on Terror and other interventions in various countries’ affairs have created more enemies than they vanquished holds no small amount of truth.
The United States is a political anomaly. Throughout time there has never been a nation so politically, culturally, and militarily dominant. Rome, even at its height, had rivals. So too did the British Empire, which at its apex made pretense to the rule of the waves, in spite of near constant challenges to its power from forces seeking to upset or supplant it. The international stability and peace created by these great empires, the Pax Romana and Pax Britannica, the Roman Peace and the British Peace, served in their times to guarantee security and relative prosperity within their spheres of influence. Yet they could never do so unchallenged.
It tells you everything you need to know about the utter contempt those in the White House and the circles of power that the announcement of 0.01% economic growth thus far this year was blamed on—wait for it—the weather! Specifically, a cold winter.