Sunday, October 9, 2011

Obama's anti-Jobs bill

If Barack Obama has his way — that is, if the policies he has advocated actually become law — another Steve Jobs would be squashed in his garage by government busybodies or (should he miraculously survive) regulated and taxed to death by federal bureaucrats. Steve Jobs was a walking embodiment of the American spirit of innovation. Barack Obama’s entire administration is dedicated to stamping out that spirit. He wants to centralize innovation, punish success, and regulate ingenuity. Obama’s fundamental error is his belief that economic success lies in redistributing rather than in creating wealth. His so-called “Jobs Bill” is in reality an anti-jobs bill. Despite his apparent personal fondness for Steve Jobs, the sad irony is that the bill is also at bottom an anti-Jobs bill.

Christians fight for rights in Egypt

Cairo clashes draw Christians, Muslims, military in worst violence since Mubarak ouster

Flames lit up downtown Cairo, where massive clashes raged Sunday, drawing Christians angry over a recent church attack, hard-line Muslims and Egyptian security forces. At least 24 people were killed and more than 200 injured in the worst sectarian violence since the uprising that ousted Hosni Mubarak in February.

The rioting lasted late into the night, bringing out a deployment of more than 1,000 security forces and armored vehicles to defend the state television building along the Nile, where the trouble began. The military clamped a curfew on the area until 7 a.m.

Cain to protesters: stop playing the victim card

Republican presidential contender Herman Cain amplified his criticism Sunday of the growing Occupy Wall Street movement, calling the protesters “jealous’ Americans who "play the victim card” and want to “take somebody else’s” Cadillac.

Cain’s remarks, on CBS’ "Face the Nation," came amidst an escalating war of words between Republicans and Democrats over the merits of the movement, which has spread from New York to other cities across the nation, including Washington and Los Angeles.
I love this guy! Bring it!

American basketball player killed in Romania

Authorities say American basketball player Chauncey Hardy has died after being attacked in a bar in Romania.

Romanian Basketball Federation chief Carmen Tocala told GSP radio that Hardy died Sunday, suffering two heart attacks following his beating Saturday night.

Police spokeswoman Mirela Gheta said the 23-year-old Hardy had severe head injuries and was in a coma when he was admitted to the hospital.

Hardy died shortly after undergoing surgery in a Bucharest hospital.

Hardy played for CSS Giurgiu in southern Romania and was celebrating a victory over rival Dinamo Bucharest in Giurgiu when several men were reported to have attacked him.

Maybe we'll see how much Teflon he wears

House Panel to Subpoena Holder Over His Role in 'Fast and Furious'

Walk on the wild side

El Caminito del Rey: Thrillseekers risk lives in walk along 'world's most-dangerous path'

A group make their way round the most dangerous path in the world

People have been flocking to take on the precarious El Caminito Del Rey in southern Spain after a video of a walker braving the trail without safety equipment went viral on Youtube

Fast and Furious weapons were found in Mexico cartel enforcer's home

High-powered assault weapons illegally purchased under the ATF's Fast and Furious program in Phoenix ended up in a home belonging to the purported top Sinaloa cartel enforcer in Ciudad Juarez, Mexico, whose organization was terrorizing that city with the worst violence in the Mexican drug wars.

In all, 100 assault weapons acquired under Fast and Furious were transported 350 miles from Phoenix to El Paso, making that West Texas city a central hub for gun traffickers. Forty of the weapons made it across the border and into the arsenal of Jose Antonio Torres Marrufo, a feared cartel leader in Ciudad Juarez, according to federal court records and trace documents from the Bureau of Alcohol, Tobacco, Firearms and Explosives.,0,6431788.story?track=rss

I wonder if Eric Holder knows this?

Policies matter

... the biggest one-month jobs gain in American history was at exactly this juncture of the Reagan Presidency, after another deep recession. In September 1983, coming out of the 1981-82 downturn, American employers added 1.1 million workers to their payrolls, the acceleration point for a seven-year expansion that created some 17 million new jobs.

Overestimating Behavior ...From Paris

Thirty-five Massachusetts Institute of Technology students bid on 10 products, including a Teddy bear, smoked salmon and hand-blown glass art. They estimated what the median bid would be and were promised a small prize for accuracy. On average, they overestimated the median bid by 43%.

Similarly, 308 students at Harvard and Michigan universities stated what they'd pay for eight imaginary goods and added their best guess as to what the previous (or next) student to answer the question had said. The typical student would pay $690 to have perfect teeth but imagined that the other guy would pony up $1,350.

In an array of related studies, people did not think that they'd enjoy products or experiences less than their peers. One hypothesis presented was that people underestimate the self-control of others.


beautiful blown glass done by Joe Cariati
One of my favorite new sections of the WSJ is 'Ideas Market'.  Cool, creative stuff, and forward thinking Christopher Shea, sharing fascinating innovations or ideas from the week; lexicographer Erin Mckean sharing unusual words from the past week in the WSJ (spouse symmetry and iso-work) . 

I would offer one suggestion to the art team of the WSJ, as the photo they chose (a worm like roll of raw salmon) did not appear to me to be something anyone would aggressively price. The photo above is not from this article, but one I would have used to demonstrate someones willingness to pay more than I would for an item. On second thought, I shouldn't argue with the art team.  They did what they set out to do.  Get my attention, even if I didn't like it!         

Nobel Peace Prize winner's political party has ties to terrorism

This year, three women won the Nobel Peace Prize: Liberian President Ellen Johnson Sirleaf, Liberian peace activist Leymah Gbowee and Yemeni activist Tawakkul Karman. Kudos to all three, but perhaps it’s time to ask Karman about Islah, the political party to which news reports say she belongs. Back in 2010, The New York Times’ Steve Erlanger did a feature on Al Eman University in the Yemeni capital of Sana’a:

“This university, the size of a village, was founded in 1993 by Sheik Abdul Majid al-Zindani, a revered spiritual leader, theological adviser to Osama bin Laden and co-founder of the main Yemeni opposition party, Islah. In 2004, the United States Treasury put Mr. Zindani on a list of “specially designated global terrorists” for suspected fund-raising for Al Qaeda and other terrorist groups.”

Perhaps it’s time to ask the latest Nobel Laureate about the links between the party to which she pays allegiance and Al Qaeda, and her thoughts about the late Bin Laden? Then again, even if she were to embrace the terrorist leader, it’s still par for the course when it comes to the Nobel Peace Prize.
The Nobel Peace Prize has become a running joke over the last twenty years.

Chavez could be an MSNBC host

Venezuelan president attacks US 'repression' of activists and calls Republican hopeful Mitt Romney crazy.
Chavez sounds like every MSNBC host I see on cable.

H. Payne's take on capitalism-haters using products created by capitalism

Harry Reid triggers the 'Nuclear Option'

Parliamentary procedure is often complex and doesn't lend itself to uplifting commentary, but Reid's actions on Thursday were no more complicated than a single bullet to the back of the head. Here's what happened: President Obama has been stumping the media demanding a vote in Congress on his new, $447 billion proposal to stimulate the economy and create jobs. But the Republicans knew that Democrats facing re-election didn't want to vote on the bill because it calls for increased taxes on higher incomes. So they tried to force a vote by attaching it to a measure dealing with China's currency manipulations.

Minority Leader Mitch McConnell asked for a suspension of the rules so that the Senate could debate the jobs bill. Reid demanded a ruling from the Senate parliamentarian on whether this was permissible. When the parliamentarian ruled that it was, Reid responded with a motion, approved on a party-line vote of 51-48, that stripped Republicans of their power to offer amendments. That vote effectively changed Senate rules, which had always required 67 votes.

During the Bush administration, some Senate Republicans wanted to do what Reid did as a way to stop Democratic filibusters against conservative judicial nominees. But they declined to invoke the so-called nuclear option, recognizing that it would inflict permanent damage to the legislative process by nullifying the right of minorities to be heard on the Senate floor. But Reid apparently cares little for minority rights, at least when Republicans are in the minority.

The day will soon come when Democrats will bitterly regret what Reid has done.

The New World Festival of Eco-Friendly Science and Technology in Santa Monica shuts down after lackluster attendance

Nicole Santa Cruz reporting from Santa Monica:
It was the first New World Festival of Eco-Friendly Science and Technology and quite possibly the last.

The event near the beach in Santa Monica, which had been scheduled to run through Sunday, was shut down abruptly Saturday afternoon.

Its website had promised robots, a petting zoo, six stages of live music and more than 150 exhibits. But the gathering on Saturday looked more like a medium-sized, eco-friendly farmers market.

Howard Mauskopf, the festival's organizer, said he needed to shut down because so few people had shown up. "We're in a position where we don't have the financial ability to continue," he said, adding that he would have needed eight to 10 times the crowd that was present to make ends meet. He said he is going to try to reimburse food vendors next week.

"I don't know why people didn't come," he said.

Meanwhile, some event vendors worried that they would not be paid what they were owed.

A Second Term for Obama Would Make the United States Go as California Has Gone

California Rep. Tom McClintock:

When my parents came to California in the 1960’s looking for a better future, they found it here. The state government consumed about half of what it does today after adjusting for both inflation and population. HALF. We had the finest highway system in the world and the finest public school system in the country. California offered a FREE university education to every Californian who wanted one. We produced water and electricity so cheaply that some communities didn’t bother to meter the stuff. Our unemployment rate consistently ran well below the national rate and our diversified economy was nearly recession-proof.

One thing – and one thing only – changed in those years: public policy. The political Left gradually gained dominance over California’s government and has imposed a disastrous agenda of radical and retrograde policies that have destroyed the quality of life that Californians once took for granted.

Of course, in spite of all of its problems, California is still one of the best places in the country to build a successful small business. All you have to do is start with a successful large business.