Saturday, May 22, 2021

In the news, Tuesday, May 11, 2021


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MAY 10      INDEX      MAY 12
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from BBC News (UK)

Fusion is the reaction that powers the Sun and the stars. If that power could be harnessed on Earth it would provide a plentiful source of energy, from only a tiny amount of fuel and producing no carbon dioxide. What's not to love? The principle is easy enough to understand. Take hydrogen atoms, add enough heat and pressure and they will fuse together to form helium. During that process some of the hydrogen mass is transformed into heat, which you can use to make electricity. The catch is that to make fusion happen here on Earth, you have to heat hydrogen isotopes to hundreds of millions of degrees, until they become so energetic they break apart into a whirling state of matter called plasma. The challenge has always been to contain that plasma. Stars do it with gravity, but on Earth the most common method is to use powerful magnetic fields to keep the plasma confined. Much of the engineering challenge has come down to building magnets. They have to be powerful enough to contain an insanely hot, whirling mass of matter, but not use so much electricity that your reactor uses more power than it generates.

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from FEE (Foundation for Economic Education)
RIGHT-CENTER BIAS, HIGH, non-profit organization

What we’re witnessing isn’t remotely close to “the way the market is supposed to work.”
With current unemployment benefits, many people are getting $300 per week just to stay home, so it’s no surprise that businesses are struggling to find workers. But Senate Democrats are pushing back. “If [businesses] are having a very difficult time attracting labor, let them pay the workers a decent wage,” said Senator Bernie Sanders. “I don't think anyone's getting rich on a $300-a-week supplemental, and I think, ultimately, the way the market is supposed to work is if I want you to work for me, I've got to pay you a wage that attracts you. Let's try doing that.”

There was a simple reason economists were able to correctly predict that the Biden administration's juiced unemployment benefits would have negative economic consequences.

FDR’s New Deal teaches lessons that we'd all do well to remember today. Here are three of the most important takeaways. 1. Government has nothing to give anybody except what it first takes from somebody—from either the taxpayers of today or those of tomorrow. 2. Government is essentially redistributive. Like a thief, it rarely creates new wealth. It takes existing wealth, wastes a lot of it, buys votes with it, makes people dependent on it, and never admits to its own shortcomings and inefficiencies. 3. Never judge anything, especially the programs of politicians, by the good intentions they express. Consider instead what the long-term consequences might be for everybody. Remember: there is usually a painful “hangover” after a wild party.

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from The Spokesman-Review
Newspaper in Spokane, Washington

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