Social Security Faces $9.6T in Unfunded Liabilities--$83,894 Per Household | CNS News:
"The Social Security program faces $9.6 trillion in unfunded liabilities over the next 75 years, which is up $1 trillion from last year’s projection of $8.6 trillion, according to the latest report from Social Security’s board of trustees."
Monday, June 03, 2013
The Green Jobs Chimera: Europe is mulling import tariffs…
Instapundit » Blog Archive » WALTER RUSSELL MEAD: The Green Jobs Chimera: Europe is mulling import tariffs on cheap Chinese s…:
"WALTER RUSSELL MEAD: The Green Jobs Chimera:
Europe is mulling import tariffs on cheap Chinese solar panels to protect its own manufacturers; it could learn something from America’s attempt to do the same last year.
Hint: it didn’t work. . . .
The market is heavily distorted at this point; governments are propping up a nascent technology that can’t compete on price on its own.
States can continue to subsidize producers and tax imports all they want, but that doesn’t fix the underlying problem: this technology isn’t ready for market.
The greens have deluded themselves into thinking that somehow market forces didn’t apply to manufacturing “clean” tech.
It just illustrates the lack of policy competence in the green community, and the cleverness of crony capitalists, who know the silly greens will lobby for your sweetheart deal if you sprinkle some of their favorite phrases into the promotional literature.
I think this is a charitable assessment.
Posted by Glenn Reynolds at 6:28 pm"
'via Blog this'
"WALTER RUSSELL MEAD: The Green Jobs Chimera:
Europe is mulling import tariffs on cheap Chinese solar panels to protect its own manufacturers; it could learn something from America’s attempt to do the same last year.
Hint: it didn’t work. . . .
The market is heavily distorted at this point; governments are propping up a nascent technology that can’t compete on price on its own.
States can continue to subsidize producers and tax imports all they want, but that doesn’t fix the underlying problem: this technology isn’t ready for market.
The greens have deluded themselves into thinking that somehow market forces didn’t apply to manufacturing “clean” tech.
It just illustrates the lack of policy competence in the green community, and the cleverness of crony capitalists, who know the silly greens will lobby for your sweetheart deal if you sprinkle some of their favorite phrases into the promotional literature.
I think this is a charitable assessment.
Posted by Glenn Reynolds at 6:28 pm"
'via Blog this'
Snyder declares financial emergency in Hamtramck
Snyder declares financial emergency in Hamtramck | Detroit Free Press | freep.com:
"In its report, the team cited a $3.3-million general fund deficit, which exceeds 5% of total general fund revenues of just more than $16 million.
The report also cited $1.6 million in delayed pension fund contributions."
"In its report, the team cited a $3.3-million general fund deficit, which exceeds 5% of total general fund revenues of just more than $16 million.
The report also cited $1.6 million in delayed pension fund contributions."
Feds toss Michigan complaint to ban Indian mascots for sports teams
Feds toss Michigan complaint to ban Indian mascots for sports teams | Detroit Free Press | freep.com:
"The complaint, filed earlier this year by the Michigan Department of Civil Rights, could have had national implications and would have forced schools to choose new mascots, names of imagery."
"The complaint, filed earlier this year by the Michigan Department of Civil Rights, could have had national implications and would have forced schools to choose new mascots, names of imagery."
747 Cargo Plane Crash in Afghanistan: Cause Determined
747 Cargo Plane Crash in Afghanistan: Cause Determined | Video - ABC News:
" the big armored vehicles on board, likely broke loose and slid to the back of the plane.
I think that the load they had these machinery floating inside the aircraft.
They might have moved or some of the locks broken and caused the vehicles to move back.
Reporter: Investigators say they found broken buckles that were supposed to hold the mraps in place. "
" the big armored vehicles on board, likely broke loose and slid to the back of the plane.
I think that the load they had these machinery floating inside the aircraft.
They might have moved or some of the locks broken and caused the vehicles to move back.
Reporter: Investigators say they found broken buckles that were supposed to hold the mraps in place. "
A new bait and switch farm bill
A new bait and switch farm bill:
"But more importantly, despite eliminating the Direct Payments waste, the new bill might actually make things worse. Instead of simply eliminating this outdated expense, Senate lawmakers replaced it with a new one that could very likely be more costly: the Shallow Loss Agricultural Risk Coverage program (ARC). As reported in the AEI paper, “Field of Schemes: The Taxpayer and Economic Welfare Costs of Shallow Loss Farming Programs,” authored by Bruce Babcock, Barry Goodwin, and myself, this program essentially guarantees that farmers receive approximately 89% of their expected incomes — a program about which no other business in America could dream. In effect, the program would issue payments to farmers when crop prices (and thus revenues) fall."
"But more importantly, despite eliminating the Direct Payments waste, the new bill might actually make things worse. Instead of simply eliminating this outdated expense, Senate lawmakers replaced it with a new one that could very likely be more costly: the Shallow Loss Agricultural Risk Coverage program (ARC). As reported in the AEI paper, “Field of Schemes: The Taxpayer and Economic Welfare Costs of Shallow Loss Farming Programs,” authored by Bruce Babcock, Barry Goodwin, and myself, this program essentially guarantees that farmers receive approximately 89% of their expected incomes — a program about which no other business in America could dream. In effect, the program would issue payments to farmers when crop prices (and thus revenues) fall."
Journalism professor says execute treasonous NRA members
Journalism professor says execute treasonous NRA members | The Daily Caller:
"Swindell is an associate professor of broadcast journalism at public, taxpayer-funded Marshall University. According to the school’s website, he has expertise in many areas including television news, media pop culture and automotive journalism."
"Swindell is an associate professor of broadcast journalism at public, taxpayer-funded Marshall University. According to the school’s website, he has expertise in many areas including television news, media pop culture and automotive journalism."
Laura Ingraham Shocks Chris Wallace With Syria Comments
Laura Ingraham Shocks Chris Wallace With Syria Comments | Fox News Insider:
"Laura Ingraham stunned host Chris Wallace on Fox News Sunday with her stance on this contentious topic. She pointed out that Syrian rebels have attacked Christians in the country.
“The idea that we are going to send arms to these people who are slaughtering Christians and have one goal which is to establish an Islamic caliphate throughout the Middle East […] is ludicrous.”
Host Chris Wallace interjected, “So wait, are you saying let [President Bashar al-Assad] stay in?”
Ingraham began to respond, “I’m saying America has got to grapple with this idea of limited power in a world where the parties are unknown, where their intentions are unknown and when we see their intentions…”
But a shocked Wallace interrupted once again, saying, “You sound like a congressman. Are you saying let Assad rule?”
“I say let them figure it out,” she answered bluntly."
"Laura Ingraham stunned host Chris Wallace on Fox News Sunday with her stance on this contentious topic. She pointed out that Syrian rebels have attacked Christians in the country.
“The idea that we are going to send arms to these people who are slaughtering Christians and have one goal which is to establish an Islamic caliphate throughout the Middle East […] is ludicrous.”
Host Chris Wallace interjected, “So wait, are you saying let [President Bashar al-Assad] stay in?”
Ingraham began to respond, “I’m saying America has got to grapple with this idea of limited power in a world where the parties are unknown, where their intentions are unknown and when we see their intentions…”
But a shocked Wallace interrupted once again, saying, “You sound like a congressman. Are you saying let Assad rule?”
“I say let them figure it out,” she answered bluntly."
Course ... adjustment
Course ... adjustment | Crain's Detroit Business:
"Liberal arts colleges add degrees, sports, incentives to contend in highly competitive market"
"Liberal arts colleges add degrees, sports, incentives to contend in highly competitive market"
The zero-tolerance war on kindergarteners
The zero-tolerance war on kindergarteners - Le·gal In·sur·rec·tion:
"3. 5-year old talks — yes talks — about Bubble Gun
Pennsylvania girl, 5, suspended for talk of ‘shooting’ a Hello Kitty ‘bubble gun’:
A 5-year-old girl chats up classmates while waiting for the bus after school.
"3. 5-year old talks — yes talks — about Bubble Gun
Pennsylvania girl, 5, suspended for talk of ‘shooting’ a Hello Kitty ‘bubble gun’:
A 5-year-old girl chats up classmates while waiting for the bus after school.
The topic: Playing with a Hello Kitty “bubble gun” that, with the flick of a finger, blows bubbles everywhere.
“I’ll shoot you, you shoot me, and we’ll all play together,” the kindergartner says.
The next day, that remark — which was made innocently, according to the lawyer for the girl’s family, who related the story — landed the young central Pennsylvanian child in the principal’s office.
Soon after, she was sent home after being issued a 10-day suspension for a “terroristic threat,” as indicated on the suspension form signed by Mount Carmel Area Elementary School Principal Susan Nestico. That and other documents were provided to CNN by Robin Ficker, the lawyer representing the girl and her mother."
“I’ll shoot you, you shoot me, and we’ll all play together,” the kindergartner says.
The next day, that remark — which was made innocently, according to the lawyer for the girl’s family, who related the story — landed the young central Pennsylvanian child in the principal’s office.
Soon after, she was sent home after being issued a 10-day suspension for a “terroristic threat,” as indicated on the suspension form signed by Mount Carmel Area Elementary School Principal Susan Nestico. That and other documents were provided to CNN by Robin Ficker, the lawyer representing the girl and her mother."
Sunday, June 02, 2013
Legislators? | Minds of Liberty
Legislators? | Minds of Liberty:
"House Joint Resolution O – this is a resolution to enshrine campaign finance laws in the State constitution.
The opening paragraph states, “The People Of The State Of Michigan Declare That They Have A Right To Know When Corporations Spend Money To Influence Elections Or Government Officials So They Can Make Informed Decisions And Hold Their Leaders Accountable.”
Read the entire proposal if you are so inclined, but here are some high points:
This would include any for-profit or nonprofit corporation, limited liability company or partnership, joint venture, joint stock company, company, firm, or any enterprise incorporated in this state or another.
Except for corporate municipalities and LABOR ORGANIZATIONS. (my emphasis)"
"House Joint Resolution O – this is a resolution to enshrine campaign finance laws in the State constitution.
The opening paragraph states, “The People Of The State Of Michigan Declare That They Have A Right To Know When Corporations Spend Money To Influence Elections Or Government Officials So They Can Make Informed Decisions And Hold Their Leaders Accountable.”
Read the entire proposal if you are so inclined, but here are some high points:
This would include any for-profit or nonprofit corporation, limited liability company or partnership, joint venture, joint stock company, company, firm, or any enterprise incorporated in this state or another.
Except for corporate municipalities and LABOR ORGANIZATIONS. (my emphasis)"
LST 393 plays host to Muskegon business leaders as chamber provides tourism update
LST 393 plays host to Muskegon business leaders as chamber provides tourism update | MLive.com:
"The future of tourism in Muskegon County will rely on a number of projects that are now under development, he told the chamber group.
They include the Michigan Heritage Park at Hilt’s Landing, three announced microbreweries, completion of the Russell Block Market and Unruly Brewing Co., HighPoint Flats apartments, a new public transit center downtown, relocation of the Muskegon Farmer’s Market to West Western Avenue and future redevelopment of the former Sappi paper mill property, Lukens said."
"The future of tourism in Muskegon County will rely on a number of projects that are now under development, he told the chamber group.
They include the Michigan Heritage Park at Hilt’s Landing, three announced microbreweries, completion of the Russell Block Market and Unruly Brewing Co., HighPoint Flats apartments, a new public transit center downtown, relocation of the Muskegon Farmer’s Market to West Western Avenue and future redevelopment of the former Sappi paper mill property, Lukens said."
Worthless Degree Awarness Month
Captain Capitalism: Worthless Degree Awarness Month:
"I finally figured it out, and if you follow me on this, I think we might actually be able to do some good.
Today, I declare June to be "Worthless Degree Awareness Month."
It may sound funny, but it really is no laughing matter.
The single worst thing we do to our young kids is cripple them financially for the rest of their lives by telling them to waste 4-8 years of their youth and anywhere between $50,000-$150,000 on worthless degrees. Economically, the education bubble is on par with the housing bubble, but this time it is within our own control to stop it.
Since most kids graduate from high school during early June, it's the perfect time to "raise awareness" (I always wanted to use that vile phrase for something that's actually good, legit and noble) about the threats and dangers of majoring in a worthless field.
All we have to do is get the word out there.
Got a blog? Start linking and citing articles about worthless degrees.
Got a child or a family member? Sit down and have a chat with them.
Got a PTA group you know? Have someone come speak to them.
And as always if you don't know how to broach the subject with your children, buying them a copy of "Worthless" is definitely a diplomatic and caring way to tell them about the economic realities of choosing a good degree."
"I finally figured it out, and if you follow me on this, I think we might actually be able to do some good.
Today, I declare June to be "Worthless Degree Awareness Month."
It may sound funny, but it really is no laughing matter.
The single worst thing we do to our young kids is cripple them financially for the rest of their lives by telling them to waste 4-8 years of their youth and anywhere between $50,000-$150,000 on worthless degrees. Economically, the education bubble is on par with the housing bubble, but this time it is within our own control to stop it.
Since most kids graduate from high school during early June, it's the perfect time to "raise awareness" (I always wanted to use that vile phrase for something that's actually good, legit and noble) about the threats and dangers of majoring in a worthless field.
All we have to do is get the word out there.
Got a blog? Start linking and citing articles about worthless degrees.
Got a child or a family member? Sit down and have a chat with them.
Got a PTA group you know? Have someone come speak to them.
And as always if you don't know how to broach the subject with your children, buying them a copy of "Worthless" is definitely a diplomatic and caring way to tell them about the economic realities of choosing a good degree."
Wales Police Order Removal of “Obey Our Laws / Respect Our Beliefs / Or Get Out of Our Country”
The Volokh Conspiracy » Wales Police Order Removal of “Obey Our Laws / Respect Our Beliefs / Or Get Out of Our Country”
So reports the South Wales Argus (thanks to Prof. Bill Poser for the link):
A NEWPORT shopkeeper has been forced by police to remove a T-shirt from his shop window because they felt it “could be seen to be inciting racial hatred.”But of course — freedom of speech is all well and good, but once it starts offending people ....
Matthew Taylor, 35, the owner of Taylor’s clothes store on Emlyn Walk in the city, printed up and displayed the T-shirt with the slogan: “Obey our laws, respect our beliefs or get out of our country” after Drummer Lee Rigby, 25, was killed in near Woolwich barracks in London last week.
But following a complaint from a member of the public, police came to his store and threatened to arrest him unless he removed the Tshirt from sight....
A spokeswoman for Gwent police confirmed: “We did have a call from a member of the public. We visited the shop and asked him to remove it (the T-shirt) as it could be seen to be inciting racial hatred.” ...
Newport city councillor, Majid Rahman said: “I believe in freedom of speech and defend his rights to say what he wants, but once it starts offending people then it’s a police matter and it’s up to them whether they think it’s broken any laws.”
Union, company to pay $10k to truck driver Washington Free Beacon
Union, company to pay $10k to truck driver | Washington Free Beacon: "
The Laborers International Union of North America (LIUNA) and Penn Line Service agreed to pay a West Virginia man $10,000, acknowledging that he was wrongfully terminated from his job after refusing to make the political donations."
The Laborers International Union of North America (LIUNA) and Penn Line Service agreed to pay a West Virginia man $10,000, acknowledging that he was wrongfully terminated from his job after refusing to make the political donations."
Subscribe to:
Posts (Atom)