September 24, 2010


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"Since outright slavery has been discredited, democracy is the only remaining rationale for state compulsion that most people will accept."
– Joseph Sobran

Sounds of EU Squawking

Friday, September 24, 2010 – by Staff Report

Irish economy suffers shock contraction, fuels fears of a double-dip recession ... Ireland's struggling economy suffered a fresh blow after growth contracted in the second quarter, heightening the risk that the indebted nation could suffer a double-dip recession. ... The Irish economy shrank by 1.2% between April and June compared with the first three months of 2010, the Central Statistics Office said. – UK Telegraph
Dominant Social Theme: Hm-mm, we must try harder.
Free-Market Analysis: In this article we will seek once again to answer the question of why the elite has attempted to enforce austerity and why it is failing. Anyone, in our estimation, who is for increased freedom and less government control ought to root for the failure of EU-style austerity.

Big Science Shrinks?

Friday, September 24, 2010 – by Staff Report

Boffins riot as Hadron Collider upgrade is delayed ... So far no threat to destroy world if demands not met ... Budget cuts are forcing international science alliance CERN to postpone upgrades to the most potent particle-punisher currently operated by the human race – the subterranean Large Hadron Collider (LHC) outside Geneva. CERN has also been compelled to temporarily shut down other accelerators, and has seen "protests" from boffins and support staff threatened by the cuts. "The plan... is firmly science-driven," said CERN Director General Rolf Heuer in a statement issued on Friday. "It reduces spending on research and consolidation through careful and responsible adjustment of the pace originally foreseen in a way that does not compromise the future research programme unduly. The reductions will be painful, but in the current financial environment, they are fair." ... The LHC – following lengthy startup troubles – is now up and running with beam energies of 3.5 tera-electron- volts (TeV), half the design maximum of 7TeV. Following an unfortunate electric burnout blast incident and related, devastating helium superfluid explosion mishap which crippled the mighty collider for months after its initial startup, engineers have decided that it would be unsafe to turn up the Big Knob past 3.5TeV until massive upgrades can be carried out. – UK Register
Dominant Social Theme: What a tragedy for the world of knowledge ...
Free-Market Analysis: While we have written numerous articles on the bureaucracy of big science and its varying incompetences, we have neglected to point out the impact that the unrolling financial crisis is having on what the Register (see above article excerpt) calls "boffins." We expect to see over time a spate of article warning that the aggregate knowledge of humankind is being eroded by shrinking governmental budgets. A sub dominant social theme: "Money is the mother's milk of scientific endeavor and in today's complex scientific world nothing can be accomplished without billions to spend and large land acquisitions for its dispersal."

Politicians' Criminal Minds

Friday, September 24, 2010 – by Dr. Tibor Machan
Guest Editorial

Dr. Tibor Machan
It may have been either Will Rogers or Mark Twain, I cannot now recall which of the two great American humorists it was, who said all politicians are criminals. But it makes no difference because when something is true, its source is not the main issue. Fact is, politicians are extortionists at heart since their forte is that they will allow you and me to live and work provided we fork out nearly half of what we earn or otherwise obtain honestly so they can then dispose of it as they see fit.
In our time, not entirely unlike in others, the main appeal politicians hold out for millions is that they join them in their resentful bashing of the rich. This is a successful ploy because in the past, of course, most riches came from conquest, from governments and their favorite minions sending out thugs to confiscate whatever they desired from those who had some. As the saying has it, behind every great fortune lies a great crime, including extortion via taxation! This is why Robin Hood became a hero to so many: he went out and recovered what the tax takers took by force and returned it to the rightful owners. (No, Robin Hood didn't steal from the rich and give to the poor; he repossessed from the ruler and his vicious taxers!)

How Globalism Emerges – in a Rush

Thursday, September 23, 2010 – by Staff Report

IMF signs agreements totalling SDR 5.3 bln with four countries ... The International Monetary Fund (IMF), as trustee of the poverty reduction and growth trust (PRGT), has signed agreements with Japan, the Banque de France, the United Kingdom (UK) and the People's Bank of China to secure a total of special drawing rights (SDR) 5.256 billion (about US$8 billion) in new loan resources for low-income countries. According to its statement, IMF's concessional lending agreements were signed with the Japanese authorities for SDR1.8 billion (about US$2.7 billion), the UK authorities for SDR1.328 billion (about US$2 billion), and the People's Bank of China for SDR800 million (about US$1.2 billion). – Borneo Post
Dominant Social Theme: The IMF keeps on helping the poor.
Free-Market Analysis: The power elite used to move along the waters of the world like a majestic supertanker with plenty of time to take evasive action when an obstacle was sighted. These days it races along like nuclear-powered destroyer. An additional dominant social theme might be, "We've come too far to turn back, so get out of the way because we're not deviating from our route."

Fracturing of Global Sports

Thursday, September 23, 2010 – by Staff Report

Are the Delhi Commonwealth Games doomed? After creaky stadiums, leaky pools and allegations of dodgy deals come complaints from visiting teams that the athletes' village on the outskirts of the capital is filthy and "unfit for human habitation". Apparently more than half of the 34 residential towers at the village are still far from complete; and a quarter of the rooms for one of the visiting teams are flooded. This is the same village that Delhi organising committee chief Suresh Kalmadi had praised recently as better than the one at the Beijing Olympics.... Except, critics say, the toilets in Delhi are dirty and the rooms waterlogged and stacked with debris, among other problems. Critics say the Delhi Games village – luxury apartment homes which are to be sold for upwards of 20 million rupees each – represents all that is wrong with India. Officials have ignored protests that the site is on a flood plain in a zone more prone to earthquakes than other parts of the capital, environmentalists say. To make matters worse the Yamuna river is clogged with monsoon rains and areas nearby are a breeding ground for mosquitoes. But the authorities don't appear to care. – BBC
Dominant Social Theme: Even wonderful international sporting events have glitches.
Free-Market Analysis: Just yesterday, we wrote about NFL quarterback Michael Vick who ran a violent dog-fighting ring and who, years after the offenses, remained something of a sports pariah from a reporting standpoint. We pointed out that the sports-writing community in particular constantly reaffirms dominant social themes of the power elite and thus Vick continued to be a convenient whipping boy.