Here’s a list of articles I have been reading and videos I have been viewing lately:
For Most Presidents, Shutdowns a Rite of Passage
“If the White House and Congress don’t reach a deal by midnight on Monday to fund government operations, President Barack Obama will only be the latest in a lengthy list of commanders in chief to have a “shutdown” stamped on his legacy.”
“Faced with declining state funding, Colorado State University is raising money to build a $246 million, 40,000-seat football stadium on its campus, which it believes will attract more out-of-state students paying higher tuition.”
“In The Wall Street Journal, Wonder Land columnist Daniel Henninger writes that neither Ted Cruz nor Congress can kill the entitlement state. Only the American people can.”
“Iran’s president and the centrifuges are both spinning.” Sobering assessment of Iranian leader Hassan Rouhani by WaPo’s Charles Krauthammer…
“The government shuts down. The economy unravels. Stocks plunge. That may be Wall Street’s worst fear, but history shows it’s mostly overblown…”
“In The Wall Street Journal, Bari Weiss talks to Howard Gordon, the lead writer for 24 and co-creator of Homeland, about the collision of news and popular culture in post-9/11 America.” Having watched all 8 seasons of 24 and 2 seasons of Homeland, I found this interview with the lead writer for 24 and co-creator of Homeland quite fascinating…
Closed for business? Government shutdown history
Belgian civil servants, for example, carried on nicely for a year and a half while their politicians bickered over forming a new government. The government can only spend money “in consequence of appropriations made by law,” or in other words, after Congress says so and with the president’…
At the U.N., leaders hope for a return of American greatness, writes Peggy Noonan in The Wall Street Journal.
Here’s a quote from Cato’s assessment of the new IPCC report: “The Humpty Dumpty-esque report once claiming to represent the “consensus of scientists” has fallen from its exalted wall and cracked to pieces under the burdensome weight of its own cumbersome and self-serving processes, which is why all the governments’ scientists and all the governments’ men cannot put the IPCC report together again.”
“Another year, another record low for the average verbal SAT score, and another sad achievement for a nation that is getting fatter, dumber and ever more in debt.”
Obamacare’s average monthly cost across U.S.: $328
“Sept 25 (Reuters) – Americans will pay an average premium of $328 monthly for a mid-tier health insurance plan when the Obamacare health exchanges open for enrollment next week…”
“The Obamacare that consumers will finally be able to sign up for next week is a long way from the health plan President Barack Obama first pitched to the nation. Millions of low-income Americans won’t receive coverage. Many workers at small businesses won’t get a choice of insurance plans right away. Large employers won’t need to provide insurance for another year. Far more states than expected won’t run their own insurance marketplaces. And a growing number of workers won’t get to keep their employer-provided coverage.”
Mercatus Center senior reseaerch fellow Veronique de Rugy runs the numbers… If anyone is interested in reading HHS’s official press release and report claiming premiums are “lower than originally expected”, see http://aspe.hhs.gov/health/reports/2013/MarketplacePremiums/ib_premiumslandscape.pdf.
Quoting from this article, “Back in 2008, three eminent Harvard economists who were advising the Obama campaign—David Cutler, David Blumenthal, and Jeffrey Liebman—wrote a memo claiming that Senator Obama’s health-care plan could reduce national health spending by $200 billion a year… Last week, the Obama administration’s Centers for Medicare and Medicaid Services issued a rather different prediction: that “the [Affordable Care Act] is projected to . . . increase cumulative spending by roughly $621 billion” from 2014 to 2022.”
Interesting and informative article from politico.com about the political origins of the Affordable Care Act of 2010 (AKA “Obamacare”)…
It will promote a political agenda, not educational goals.
Here’s yet another 4-part, “5 years later” retrospective of the financial crisis worth reading; this time from The Economist. Apparently the editorial board of The Economist prefers descending order to indicate the intended order of reading, so Take 4 is to be read first, followed by Take 3 (available at http://econ.st/164IVLJ), Take 2 (http://econ.st/17CCGvC), and Take 1 (available at http://econ.st/18mC1vf).
“THE Census released new figures on income and poverty today. (You can see summary slides here.) They’re both grim and unsurprising. In 2012 the real median household income in America was flat relative to 2011 and down considerably from the pre-recession level. The poverty rate remains stuck at 15%.”
Here’s philosopher Jim Otteson on the dangers of the NSA…
Blues guitar legend B.B. King — who played with Eric Clapton and U2 — has been performing for several decades and shows no signs of stopping.
5 Years After the Crash, What do Americans Think of Wall Street, Banks, and Free Enterprise? —…
The news media is engulfed these days by “5 years later” retrospectives of the financial crisis; this article from the American Enterprise Institute provides a synopsis of the recently published book “Five Years After the Crash: What Americans Think about Wall Street, Banks, Business, and Free Enterprise” (see http://amzn.to/188dZtO)…
Obamacare: Destined to Flop? Part I
In this four-part series, AEI’s Joseph Antos provides a comprehensive account of what is likely to happen with Obamacare now and in years to come. In this first installment, he tackles the exchanges. Parts 2-4 are available at http://bit.ly/1gtPiqW, http://bit.ly/15ej0jZ, and http://bit.ly/15ej0jZ respectively.
Like a tick on the back of a wounded animal, Washington, D.C. is doing just dandy, thank you, even though the country on which it feeds has been ailing for years.
Recent study found nearly half of Facebook quitters citing privacy as the reason.
Congress passed it, now we’re seeing what’s wrong with it.
The foundations of economic freedom are personal choice, voluntary exchange, and open markets.
Even more than most students, tomorrow’s business leaders are likely to do a cost-benefits analysis when deciding what college to attend. That’s why we’re so glad to see Baylor’s Hankamer School of Business make U.S. News‘ list of the 10 most affordable private business schools.
Warren Buffett: Scrap Obamacare and Start Over
You know things are bad for President Obama when even Warren Buffett has soured on Obamacare and says that ‘we need something else.’ “”I would much rather see another plan that really attacks costs. And I think that’s what the American public wants to see. I mean, the American public is not behind this bill.” Warren Buffett
Karl Polanyi’s The Great Transformation provides a foundation for much anti-market rhetoric. The problem is, the book’s claims aren’t supported by historical evidence.