Category Archives: Foreign Policy

Assorted Links (10/13/2010)

Here’s a list of articles that I have been reading lately:

Christien Meindertsma: How pig parts make the world turn | Video on TED.com

ted.com

“TED Talks Christien Meindertsma, author of “Pig 05049” looks at the astonishing afterlife of the ordinary pig, parts of which make their way into at least 185 non-pork products, from bullets to artificial hearts.”

Google to map inflation using web data

ft.com

“Data could provide an alternative to official statistics.”

Higher Taxes Mean I’ll Work Less

nytimes.com 

“A personal case study looks at some of the ways higher taxes may affect the earnings of high-income taxpayers.”

Review & Outlook: The 2010 Spending Record

online.wsj.com

“The Wall Street Journal on the 21.4% federal spending increase in two years.”

Boehner’s ‘Plan B’ for ObamaCare

online.wsj.com

“In the Wall Street Journal, Main Street columnist William McGurn writes that congressional hearings can be used to sell market-friendly fixes.”

Europe the Intolerant

online.wsj.com

“In the Wall Street Journal, James Kirchick writes that the continent’s progressive image is a fabrication of the American liberal mind.”

NFL vs. ‘TV Everywhere’

online.wsj.com

“In The Wall Street Journal, Business World columnist Holman Jenkins, Jr. says that TV’s fight to preserve its power in the face of digital ubiquity may be a lost cause.”

Book Review: Roosevelt’s Purge

online.wsj.com

“Jonathan Karl reviews Susan Dunn’s Roosevelt’s Purge: How FDR Fought to Change the Democratic Party.”

Irwin on France’s role in the Great Depression

cafehayek.com

“In the latest EconTalk, Doug Irwin argues that France played a much larger role than previously thought in causing the Great Depression. We talk about how the gold standard worked and how French monetary policy forced deflation on the rest of the world.”

The Decline of Cursing

online.wsj.com

“Bad words, once glorious, have been emptied of meaning by common use, argues Jan Morris in a Wall Street Journal op-ed.”

The Weekend Interview with Scott Rasmussen: America’s Insurgent Pollster

online.wsj.com

“In the Wall Street Journal, OpinionJournal columnist John Fund interviews Scott Rasmussen, who says that understanding the tea party is essential to predicting what the country’s political scene will look like.”

Paul Johnson – The Quest For God – The ReAL Book Review

torenewamerica.com

I really like Gerard Reed’s book reviews; here’s one about British historian Paul Johnson’s new book entitled “The Quest for God”. I first became aware of Paul Johnson more than 20 years ago, when I became deeply influenced by Paul Johnson’s essay entitled “The Heartless Lovers of Humankind” (see http://www.fortfreedom.org/h11.htm).

The Fed Compounds Its Mistakes

online.wsj.com

“In The Wall Street Journal, Carnegie-Mellon University economist Allan H. Meltzer says the Federal Reserve shouldn’t deliberately use inflation to reduce unemployment.”

Diamond, Mortensen, Pissarides Share 2010 Nobel Economic Prize

bloomberg.com

“Peter Diamond, Dale Mortensen and Christopher Pissarides shared the 2010 Nobel Prize in Economic Sciences for their work on the efficiency of recruitment and wage formation as well as labor-market regulation.”

Four Lions: The Absurdity of Terror

www.thepublicdiscourse.com

“In the British film Four Lions, five Muslim men from Sheffield, England—four from immigrant families along with an English convert—seek to break out of their ho-hum average-ness by doing something which they think will launch them into hero status in their community.They plot a terrorist attack in the name of “jihad” in the U.K. In this farcical film, black satire meets terror-jihad and it is a match made almost in heaven. The would-be jihadists, however, end their lives only in tragedy, not in paradise.”

The MBA Oath

www.tutor2u.net

“At a time when capitalism, free markets, corporate greed, (WallStreet 2), bankers’ bonuses, is making headlines, here is the MBA Oath. The oath is a voluntary pledge for graduating MBAs and current MBAs to “create value responsibly and ethically’.”



Joe Queenan on Jimmy Carter’s Addiction to Writing Books

online.wsj.com

“The American people wanted Jimmy Carter out of office in the worst way, and to this day they are paying the price. If we had to do it all over again, I think a lot of people would vote to amend the Constitution and allow presidents to run for five, six—as many terms as they wanted. That wouldn’t leave them much spare time to write books.”

Assorted Links (7/19/2010)

Here’s a list of articles that I have been reading lately:

David Cameron: A Staunch and Self-Confident Ally – WSJ.com

online.wsj.com

“British Prime Minister David Cameron writes in The Wall Street Journal that the U.S. and Britain have a clear common agenda: succeeding in Afghanistan, securing economic growth and fighting protectionism.”

You Don’t Have to Pay for Cable TV

www.moneytalksnews.com

“The average cable subscription costs $900 a year, but you can radically reduce that amount and still watch everything you want.”

Leeds: Chew on this: There is no surplus fairy for Social Security

www.statesman.com

Here’s the bottom line from Sandy Leeds’ editorial, published in today’s Austin American Statesman:

“The bottom line is that we’re in trouble. Social Security is woefully underfunded and Medicare is an even larger problem. This is going to increase the amount that we’re going to have to borrow from investors – and there’s no certainty that investors will always be willing to lend to us. Most importantly, we’re never going to solve these problems until the electorate understands the issues and starts to pressure our elected officials into making the hard (but right) decisions. We’re not doing anyone any favors by convincing them that we have “built up a big trust fund.””

Economics One: New Data Show the Debt Problem Is Spending (not Taxes) and Obamacare Worsens the Problem

johnbtaylorsblog.blogspot.com

Quoting from Stanford Professor John Taylor’s Blog (Economics One): “Everyone now seems to agree that the exploding federal debt is a serious problem that must be addressed. But how? The following … charts provide some data to help answer that question.”

Review & Outlook: A Climate Absolution? – WSJ.com

online.wsj.com

“A Wall Street Journal editorial says the global warming alarmists still won’t separate science from politics.”

Firms cancel health coverage

www.boston.com

Here’s what we have to look forward to as Obamacare starts to come “on line” (Massachusetts passed so-called Romneycare in 2006, and Obamacare structurally closely resembles Romneycare, only on a national as opposed to individual state level)… “The relentlessly rising cost of health insurance is prompting some small Massachusetts companies to drop coverage for their workers and encourage them to sign up for state-subsidized care instead, a trend that, some analysts say, could eventually weigh heavily on the state’s already-stressed budgets”.

Studying a Suicide Cluster at Foxconn – The Numbers Guy – WSJ

blogs.wsj.com

“To analyze whether a recent spate of suicides at a set of Chinese manufacturing facilities represents an unusual outbreak, it helps to make the right comparisons.”

Assorted Links (6/29/2010)

Here’s a list of articles that I have been reading lately:

Allan Meltzer: Why Obamanomics Has Failed – WSJ.com

online.wsj.com

“In The Wall Street Journal, Carnegie Mellon University economist Allan H. Meltzer says the Obama administration’s policies have introduced uncertainty about future taxes and regulations. This inhibits investment and job growth.”

If You Have to Be Wrong, How Can You Admit It More Easily? – Freakonomics Blog – NYTimes.com

www.nytimes.com

“Making admissions of error easier.”

Cash for Clunkers: A Retrospective

www.american.com

“Top-down industrial policy carried out through the sheer force of incentives is welcomed by behavioralist Washington.”

The Unemployment Insurance Crisis

www.american.com

“As of this summer, unemployment insurance trust funds in 30 states were insolvent.”

Fred Barnes: King of Pork—and Proud of It – WSJ.com

online.wsj.com

“In The Wall Street Journal, Fred Barnes writes that the late Robert Byrd made the most of his time in the Senate.”

Rupert Darwall: Britain Tries Fiscal Austerity – WSJ.com

online.wsj.com

“Rupert Darwall writes in The Wall Street Journal that Keynesianism goes out of fashion in London.”

Randy Barnett: The Supreme Court’s Gun Showdown – WSJ.com

online.wsj.com

“In The Wall Street Journal, Randy Barnett writes that thanks to five Justices, the right to keep and bear arms is now protected from state interference. And thanks to Clarence Thomas, an important clause in the Constitution has risen from the grave.”

Bill Wilson’s Gospel – NYTimes.com

nytimes.com

“The story of Alcoholics Anonymous teaches us about human nature and the kinds of social programs that do and don’t work.”

Congressional Budget Office – Distribution of Federal Taxes

www.cbo.gov

“The federal tax system is progressive–that is, average tax rates generally rise with income. Households in the bottom fifth of the income distribution (with average income of $18,400, under a broad definition of income) paid 4.0 percent of their income in federal taxes. The middle quintile, with average income of $64,500, paid 14.3 percent of that income in taxes, and the highest quintile, with average income of $264,700, paid 25.1 percent.”

Is Academic Freedom Worth Its Price? – Project Syndicate

www.project-syndicate.org

“In these hard economic times, when ordinary people are struggling to make ends meet, there is a nagging sense that universities are luxuries. In fact, universities may be the most consistently high-performing products of long-term capital investment.”

Review & Outlook: Kagan’s Commerce Clause – WSJ.com

online.wsj.com

“The Wall Street Journal says that Senators should ask Supreme Court nominee Elena Kagan if Congress can compel Americans to do anything?”

Drilling for Better Information – WSJ.com

online.wsj.com

“In The Wall Street Journal, Information Age columnist Gordon Crovitz says that the financial crisis and BP share a common attribute: regulatory failure.”

Fouad Ajami: Petraeus, Obama and the War in Afghanistan – WSJ.com

online.wsj.com

“In The Wall Street Journal, Fouad Ajami says that there is a mismatch between the general’s Afghan mission and the president’s summons to his countrymen.”

Review & Outlook: Triumph of the Regulators – WSJ.com

online.wsj.com

“The Wall Street Journal says that the Dodd-Frank financial reform bill doubles down on the same system that failed.”

Russ Roberts: Hayek: An Economist’s Comeback – WSJ.com

online.wsj.com

“In The Wall Street Journal, Russell Roberts of George Mason University comments on the revival of interest in the Nobel Prize winning economist Friedrich Hayek.”

How Christianity Created Capitalism

www.torenewamerica.com

“It was the church more than any other agency, writes historian Randall Collins, that put in place what Weber called the preconditions of capitalism: the rule of law and a bureaucracy for resolving disputes rationally; a specialized and mobile labor force; the institutional permanence that allows for transgenerational investment and sustained intellectual and physical efforts, together with the accumulation of long-term capital; and a zest for discovery, enterprise, wealth creation, and new undertakings.”

Indiana ironing-board factory faces stiff competition from Chinese companies

www.washingtonpost.com

This article provides an interesting case study which clearly illustrates various dysfunctional aspects of trade protectionism in the real world; in particular, how tariffs shield US companies from having to compete and innovate in terms of the goods and services that they produce and the business models that they employ.

Assorted Links (6/14/2010)

Here’s a list of articles that I have been reading lately:

Stephen A. Blumenthal: It’s Time to Nationalize Fannie and Freddie – WSJ.com

online.wsj.com

“In The Wall Street Journal, Stephen A. Blumenthal writes that any solution that allows private companies to have a special relationship to government is destined to fail.”

Think Smarter About Risk – WSJ.com

online.wsj.com

“Moshe A. Milevsky says in The Wall Street Journal that when gauging risk, too many investors don’t consider the most important asset: their human capital.”

Opening weekend – 2010 World Cup – The Big Picture – Boston.com

boston.com

“The 2010 FIFA World Cup opened last Friday in South Africa, after years of preparation, with an Opening Ceremony at Soccer City Stadium – the first matches taking place over the weekend.”

Foreign Tax Bill Likely, But ‘A Bad Idea,’ Validus CEO Says

highlinedata.com

“NEW YORK-Proposed legislation denying tax deductions for reinsurance premiums paid to offshore affiliates will likely pass through Congress, a Bermuda executive predicted here yesterday, but he criticized the measure as a restriction of free trade.”

The Dark Side of Stimulus

“‘Regulating Wall Street’ Co-Editor and NYU economics professor Thomas Cooley breaks down the pros and cons of stimulus spending…”

Gerald O’Driscoll: The Gulf Spill, the Financial Crisis and the Failure of Big Government – WSJ.com

online.wsj.com

“In The Wall Street Journal, Gerald P. O’Driscoll notes that Republicans and Democrats fail to see the limits of centralized regulation in a modern market economy.”

Dynamic Dr. Krugman|KeithHennessey.com

KeithHennessey.com

“In his column today Dr. Paul Krugman argues that the deficit impact of a large ($1 trillion) stimulus would be mitigated by the effects of higher GDP growth.”

Women Prefer Men Holding State Bonds, Japan Ad Says (Update1) – Bloomberg.co.jp

Bloomberg.co.jp

“June 9 (Bloomberg) — Japanese women are seeking men who invest in government bonds, according to an advertisement being run by the Ministry of Finance.”

The Road to Price Controls — The American, A Magazine of Ideas

www.american.com

“Conventional wisdom is that U.S. pharmaceutical companies made out well under the Obama health plan by bargaining with the White House. That wisdom is wrong.”

Just How Risky Are Nuclear Industry, NASA Missions? – The Numbers Guy – WSJ

online.wsj.com

“Scientists in some risky pursuits attempt to quantify risks, which helps identify trouble spots. That might be in the future of the deep-sea oil-drilling business.”

Scenes from the Gulf of Mexico – The Big Picture – Boston.com

boston.com

“Based on recently revised estimates, BP’s ruptured oil well at the bottom of the Gulf of Mexico continues to leak 25,000 to 30,000 barrels of oil a day. The new figures suggest that an amount of oil equivalent to the Exxon Valdez disaster could still be flowing into the Gulf of Mexico every 8 to 10 days.”

Lawrence M. Krauss: Science and the Gulf Spill – WSJ.com

online.wsj.com

“In The Wall Street Journal, scientist Lawrence M. Krauss says that TV has fueled unrealistic expectations of a quick fix to the oil spill.”

Fouad Ajami: Iran and the ‘Freedom Recession’ – WSJ.com

online.wsj.com

“Fouad Ajami writes in The Wall Street Journal about the anniversary of the Iranian crackdown on pro-democracy protests that Facebook had no answer to the pro-regime vigilantes who ruled the streets. And the U.S. president, who might have helped, stood aside.”

Andy Kessler: The iPhone, Net Neutrality and the FCC – WSJ.com

online.wsj.com

“Andy Kessler writes in The Wall Street Journal that the FCC should make it easier for more companies to enter wireless data and cable broadband markets.”

Peggy Noonan: ‘We Are Totally Unprepared’ – WSJ.com

online.wsj.com

“Peggy Noonan writes in The Wall Street Journal that nine years after 9/11, there is a chilling complacency about WMD attacks.”

Charles Krauthammer – The myth of Iran’s ‘isolation’

washingtonpost.com

“Obama’s strategy against Tehran hasn’t worked.”

Don’t Believe the Double-Dippers

online.wsj.com

“Alan Reynolds writes in The Wall Street Journal that while liberals issue dire warnings to argue for more stimulus spending, Republicans embrace gloom as evidence stimulus hasn’t worked. Truth is the economy isn’t that bad.”

Obama Meets Toto

online.wsj.com

“In The Wall Street Journal, Dan Henninger writes that with the Gulf oil spill, faith in the omnipotence of government has put us in the land of Oz.”

Europe’s Determination to Decline

www.project-syndicate.org

“At a time when their economies are sputtering, European leaders have embraced the bizarre idea of further reductions in greenhouse-gas emissions. There is a strong correlation between carbon emissions and GDP growth, so, in the absence of alternatives to fossil fuels, Europeans are, in effect, calling for an even deeper recession.”

Assorted Links (5/29/2010)

Here’s a list of articles that I have been reading lately: 
 
Charles Krauthammer – A disaster with many fathers
“Obama is as responsible for the Gulf as Bush was for New Orleans.”
 
Academics on What Caused the Financial Crisis – Real Time Economics – WSJ
“The Financial Crisis Inquiry Commission on Friday and Saturday heard several academic economists’ take on what led to a near-meltdown of the global economy.”
 
Static In Search for Cellphone-Tumor Link – The Numbers Guy – WSJ
“Why a long-term study couldn’t reach conclusive results.”
 
Mark Helprin: On Memorial Day – WSJ.com

“In The Wall Street Journal, Mark Helprin writes about what we owe to the fallen, and to those now serving.”

 
Calling a State Sponsor a State Sponsor

“A growing body of evidence points to Venezuelan dictator Hugo Chavez’s singular role in supporting terrorism and related criminality.”

 
“Waves & Beyond and The Gift by Jan Florence Garven: Jan Florence Garven is an artist who specializes in mixed media. She combines paper, metal, wax, textiles and found objects to convey conceptual images.”
 
Lighter than air – The Big Picture – Boston.com
“Fill a lightweight material with hot air, helium or hydrogen, and you have a vessel that floats in the air. People around the world use balloons, blimps and airships for transportation, to conduct research, to deliver messages, to protest, and – mostly – for having fun.”
 
Peggy Noonan: He Was Supposed to Be Competent – WSJ.com
“The spill is a disaster for the president and his political philosophy, Peggy Noonan argues in The Wall Street Journal.”
 
Obama’s Blowout Preventer – WSJ.com
“The Wall Street Journal that Interior Secretary Ken Salazar had a reform plan to prevent blowouts like the one at the Deepwater Horizon oil rig in the Gulf of Mexico.”
 
“Governments were the solution to the economic crisis. Now they are the problem.”
 
“After a yearlong effort to get it right, the U.S. Senate passed a financial overhaul bill last week that actually weakens the government’s ability to manage the next financial crisis. The House version passed last December is better, but not much.”

Assorted Links (5/29/2010)

Here’s a list of articles that I have been reading lately: 
 
Charles Krauthammer – A disaster with many fathers
“Obama is as responsible for the Gulf as Bush was for New Orleans.”
 
Academics on What Caused the Financial Crisis – Real Time Economics – WSJ
“The Financial Crisis Inquiry Commission on Friday and Saturday heard several academic economists’ take on what led to a near-meltdown of the global economy.”
 
Static In Search for Cellphone-Tumor Link – The Numbers Guy – WSJ
“Why a long-term study couldn’t reach conclusive results.”
 
Mark Helprin: On Memorial Day – WSJ.com

“In The Wall Street Journal, Mark Helprin writes about what we owe to the fallen, and to those now serving.”

 
Calling a State Sponsor a State Sponsor

“A growing body of evidence points to Venezuelan dictator Hugo Chavez’s singular role in supporting terrorism and related criminality.”

 
“Waves & Beyond and The Gift by Jan Florence Garven: Jan Florence Garven is an artist who specializes in mixed media. She combines paper, metal, wax, textiles and found objects to convey conceptual images.”
 
Lighter than air – The Big Picture – Boston.com
“Fill a lightweight material with hot air, helium or hydrogen, and you have a vessel that floats in the air. People around the world use balloons, blimps and airships for transportation, to conduct research, to deliver messages, to protest, and – mostly – for having fun.”
 
Peggy Noonan: He Was Supposed to Be Competent – WSJ.com
“The spill is a disaster for the president and his political philosophy, Peggy Noonan argues in The Wall Street Journal.”
 
Obama’s Blowout Preventer – WSJ.com
“The Wall Street Journal that Interior Secretary Ken Salazar had a reform plan to prevent blowouts like the one at the Deepwater Horizon oil rig in the Gulf of Mexico.”
 
“Governments were the solution to the economic crisis. Now they are the problem.”
 
“After a yearlong effort to get it right, the U.S. Senate passed a financial overhaul bill last week that actually weakens the government’s ability to manage the next financial crisis. The House version passed last December is better, but not much.”