Archive for September, 2007

The Delusions and Madness of Crowds

Monday, September 24, 2007 12:30 Comments Off

GM employees walked out on strike an hour ago. A friend writes me: “The UAW calls a national strike and GM’s stock is up today. I knew that having a national strike was always and everywhere good news. If UPS gets hit with a national strike, I’ll make sure to purchase UPS stock on such [...]

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The Surveillance Society

Monday, September 24, 2007 7:14 Comments Off

This story in the Washington Post will show you how evil it has become: The U.S. government is collecting electronic records on the travel habits of millions of Americans who fly, drive or take cruises abroad, retaining data on the persons with whom they travel or plan to stay, the personal items they carry during [...]

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Draft the Men Who Rule

Monday, September 24, 2007 2:48 Comments Off

A reader writes: I think that in some ways a draft would be a good thing. Imagine a draft where only men over the age of 50 were drafted and sent away to fight in the gubmint’s little empire- building conflicts. I’m pretty sure that would be a recipe for peace. And if only men [...]

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Senator Larry Craig and the Tort of Intrusion

Monday, September 24, 2007 1:25 Comments Off

I have refrained from writing about this issue. ‘Til now. While reading various libertarian defenses of the man, I thought I would offer up another point of view. I listened to the entire recording between the arresting officer and Senator Larry Craig (a recording of the arrest being made, and continuing for several minutes afterward). [...]

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US Dollar is Dwindling, Eh?

Sunday, September 23, 2007 20:36 Comments Off

Being a Canadian border lurker all my life, I’ve always been aware of the exchange rate between the US dollar and the Canadian dollar. Not since I was a wee bitty kid have the two been at parity. The other day it happened. The US dollar is toast, it’s becoming worthless, and all I can [...]

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Does a High IQ Lead to a Lower Time Preference?

Sunday, September 23, 2007 18:45 Comments Off

Of course one’s mindset regarding long-term planning is a function of intelligence. Why is this so politically incorrect? From the University of Bonn comes this unsurprising conclusion: Whoa. It seems that a desire to be satisfied right now is linked with lower intelligence. When 1,000 people in Germany were given the choice of receiving 100 [...]

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Conducting Business Within the Padded Cell

Sunday, September 23, 2007 7:45 Comments Off

This article wasn’t meant to be funny, but it reads like a day in the life of Atlas Shrugged. The authors are writing about the difficulty of supply chain operations because of the web of loony regulatory groups overseeing every single aspect of their business. Mention import/export regulation, and we immediately think of Customs and [...]

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Oversight is Big Bucks if You Can Get It

Sunday, September 23, 2007 7:28 Comments Off

As the redistributionists continue to take wealth away from the wealthmakers and dish it out to the compliance types, overseers, and assorted other petty regulators, we witness people like Mark Olsen of the Public Company Accounting Oversight Board making $600,000+ annually. The PCAOB, of course, is a “private sector” non-profit company that was created by [...]

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Great Quote a from Sinking Ship

Sunday, September 23, 2007 7:19 Comments Off

HSBC North America’s subsidiary, HSBC Finance, is closing its non-prime mortgage group. A spokesperson at HBSC had this to say about the subprime mortgage market: “The business is no longer sustainable and not the right place to allocate capital in the future.

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Pledging Non-Allegiance

Sunday, September 23, 2007 6:38 Comments Off

This brief is pretty interesting. The question presented is “Whether the entire Pledge of Allegiance (or even the explicit 2-word deification alone) violates the Establishment Clause and the Free Exercise Clause of the First Amendment, as applicable through the Fourteenth Amendment, in government schools due to its anti-libertarian use for the worship of government and [...]

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