Friday, June 25, 2021

In the news, Friday, June 18, 2021


________

JUN 17      INDEX      JUN 19
________


________

from Mises Institute
RIGHT-CENTER BIAS, MIXED


Wages, Prices, and the Demand for Money: Keynes Got It All Wrong
When markets are mostly free, prices adjust freely and constantly to adapt to new realities. Yet Keynes failed to understand how market rigidities are caused by government intervention. He blamed markets instead.

Mortgage Companies Cash in on Pandemic Relief
Mortgage companies have ramped up their purchases of government-backed mortgages in forbearance, and they are selling these loans back to investors at a profit.

The Fed Plans to Raise Interest Rates—Years from Now
The Fed isn’t here to take away the punch bowl anymore. The Fed is the punchbowl.

Biden Wants To Seize Control of Local Land-Use Regulations
Empowering state legislatures—or worse, the federal government—to abolish local regulations would be a grave mistake.

________

from Northwest Public Broadcasting
News & Media Website in Pullman, WA

The agricultural arm of The Church Of Jesus Christ Of Latter-day Saints — Farmland Reserve, Inc. — has agreed to pay about $210 million for a major swath of southeastern Washington farm ground. The verdant areas just off the Columbia River were part of the vast Easterday family empire, until a 225,000-head cattle swindle was exposed last December. Cody Easterday was supposed to be raising the ghost cattle. But Easterday eventually pleaded guilty to inventing the nonexistent cattle to defraud Tyson, a large meat-processing company, out of $244 million. Easterday funded a habit of trading on the cattle futures market, where he lost more than $200 million. The bidding for the Easterday parcels came down to two mega-farmers: Bill and Melinda Gates’ land business and the church’s Farmland Reserve, Inc. 

________

from The Spokesman-Review
Newspaper in Spokane, Washington

________


In the news, Thursday, June 17, 2021


________

JUN 16      INDEX      JUN 18
________


________

from Business Insider
LEFT-CENTER BIAS, HIGH, business news site in New York City

Roughly 20% of electric vehicle owners in California replaced their cars with gas ones, a recent study shows. The main reason drivers made the switch was the inconvenience of charging. The findings suggest new challenges facing the growth of the nascent electric vehicle market. In roughly three minutes, you can fill the gas tank of a Ford Mustang and have enough range to go about 300 miles with its V8 engine. But for the electric Mustang Mach-E, an hour plugged into a household outlet gave Bloomberg automotive analyst Kevin Tynan just three miles of range. "Overnight, we're looking at 36 miles of range," he told Insider. "Before I gave it back to Ford, because I wanted to give it back full, I drove it to the office and plugged in at the charger we have there." Standard home outlets generally deliver 120 volts, powering what electric vehicle aficionados call "Level 1" charging, while the higher-powered specialty connections at 240 volts are known as "Level 2." By comparison, Tesla's "Superchargers," which can fully charge its cars in a little over an hour, run on 480 volts. 

________

from Mises Institute
RIGHT-CENTER BIAS, MIXED


WHY DIDN'T CHINA INDUSTRIALIZE FIRST?
Historians still ponder why, despite its dominance in prior centuries, China failed to industrialize before Europe. Some contend that the culture of conformity engendered by Confucianism prevented the influx of disruptive ideas able to spark an economic revolution. Meanwhile, there are those who posit that the Chinese preferred employment in the government service, instead of pursuing commercial activities. Although there is a kernel of truth in these arguments such assumptions are insufficient to explain the sluggishness of China, relative to Western Europe.

________

from The Spokesman-Review
Newspaper in Spokane, Washington

Starting in January 2022, working Washingtonians will be paying income tax. It won’t be called income tax. It will show up on pay stubs as a contribution to the Long-Term Services and Supports Trust Act fund. LTSS Trust contributions will start out at 0.58% of all W-2 wages, paid quarterly. Income from self-employment is exempt. There is already talk of raising the tax rate to keep the fund solvent. The LTSS Trust attempts to solve a very real problem. Too few people save adequately for old age. Nobody expects to need help. Nobody plans to live in a nursing home and few can afford it without Medicaid. And yet seven of every ten Washingtonians will eventually need support of some kind, whether in-home assistance, a nursing home or somewhere in between. According to a Washington DSHS briefing sheet supporting the Trust, 20 to 40 hours per week of home care costs $33,000 to $66,000 per year. Facility-based care runs from $69,000 to $131,000 annually. The LTSS Trust promises a maximum $36,500 lifetime benefit. That’s $100 a day for one year of home care, and it’s done. Or it might cover three to five months in a nursing home. As Grandpa used to say, it’s better than a sharp stick in the eye. But not by much.

________


In the news, Wednesday, June 16, 2021


________

JUN 15      INDEX      JUN 17
________


________

from HumanProgress.org
Education Website

Why has the U.S. cost of living fallen in some areas but risen in others?

________

from Mises Institute
RIGHT-CENTER BIAS, MIXED


WALL STREET JOURNAL REMEMBERS THE GREAT INFLATION
The Wall Street Journal (WSJ) joined the chorus of headlines about rising prices by recounting price inflation with the article: When Americans Took to the Street Over Inflation, warning readers: "Today, after decades of nearly invisible inflation in the U.S., many Americans have little idea what it looks like... But America’s long inflation holiday shows signs of ending…"

________

from The Spokesman-Review
Newspaper in Spokane, Washington

________


In the news, Tuesday, June 15, 2021


________

JUN 14      INDEX      JUN 16
________


________

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

The US economy is in a perplexing state of labor market purgatory. We have 9.3 million unfilled job openings, all while millions of Americans remain on unemployment benefits and millions more are opting out of the labor force entirely. In short, a labor shortage is throttling the economic recovery. But why? A new study published by the fiscally-conservative Committee to Unleash Prosperity offers a comprehensive examination of one of the labor shortage’s main causes: lucrative unemployment benefits. In March 2020, the federal government passed a “temporary” $600/week supplement on top of existing state-level unemployment payouts. It was reduced to a $300/week supplement in President Biden’s COVID-19 “stimulus” legislation but extended through September 2021.

________

from Hoover Institution
Nonprofit Organization in Stanford, California

Conciliation And Delusion: The Case For Maximum Pressure On Iran
“Anyone who will say that religion is separate from politics is a fool; he does not know Islam or politics.” -Khomeini.
American policies toward Iran have produced disappointing results due, in part, to a lack of appreciation for the ideology that drives Iran’s theocratic dictatorship. Conciliatory approaches toward Iran across multiple administrations have suffered from a narcissistic, self-referential tendency to assume that U.S. actions were the principal determinants of Iranian attitudes and behaviors. Despite the consistent failure of western efforts to mollify Tehran since the revolutionaries took power in 1979, President Joe Biden’s administration is poised to again pursue conciliation with proposals to lift economic sanctions against Iran in exchange for temporary commitments to curb its nuclear program. Conciliation will fail.  It is past time to base Iran policy on what the historian Zachary Shore calls strategic empathy and the fundamental recognition that a revolutionary ideology drives and constrains Iran’s theocratic dictatorship. A strategy of maximum pressure that aims to force Iranian leaders to make a choice between either acting as a terrorist state or suffering the consequences of economic and diplomatic isolation is the best approach. The long-term goal should be to encourage a shift in the nature of the Iranian regime such that it ceases its permanent hostility and ends its proxy wars. 

The future Middle East matters to the United States. Peace, stability and prosperity in the region impacts our vital interests. The four factors outlined here could dramatically affect the U.S. capacity to safeguard our interests in the near to mid-term. The United States is a global power with global interests and responsibilities.  The U.S. ability to protect those interests is impacted by the key regions that link the world together and the global commons (air, sea, space, cyberspace) that connect them. The regions are Western Europe, the Greater Middle East and the Indo-Pacific. If these areas of interest and the commons that connect them are relatively peaceful and stable then the U.S. can more confidently exercise its influence as a great power, either being in or getting to the place America needs to be to protect our vital interests.

Yes, Iran really matters and so does the Middle East. Despite signs that the Biden administration hopes to downplay U.S engagement in the region, U.S. national interests remain at stake there.  Notwithstanding major changes and upheavals, most of these interests continue to be relevant for America’s national security and for its allies and partners. In order to make sense of the reasons for U.S. involvement, and of Biden policy toward Iran, this essay briefly inventories those interests. It then considers initial indications that Biden and his foreign policy team had come to recognize the shortcoming of previous U.S. regional policy, not only that of Donald Trump, but also the Obama administration. This analysis then examines recent policies suggesting that the Biden Middle East policy is in the early stages of repeating the policy mistakes of the Obama administration in which many key participants were personally involved. The essay concludes by assessing the reasons for a failure to absorb lessons and adapt policies to changing realities.

The core state in the Arabian Peninsula is Saudi Arabia. The rest are small countries with less than one million citizens each. Hence, if we want to talk about Gulf policy towards Iran we need to talk about Saudi policy. Competition between Saudi Arabia and Iran existed before the Iranian revolution but at that time both countries were allies of the US. According to the Nixon Doctrine, they were the twin pillars of security in the Gulf facing the Soviet threat. After the outbreak of the Iranian revolution the two countries became enemies. Ruhollah Khomeini ridiculed the house of the Saud as stooges of the Americans. The export of the revolution was put as a preamble in the Iranian constitution. The Gulf monarchies immediately saw the Iranian revolution as an existential threat, and relations with the U.S. imploded over the hostage crisis. The assault by Saddam Hussein that precipitated seven years of war with Iran was financed by the Gulf countries and is looked on with great bitterness by the Iranians for the injustice of its cause and the heavy price the country paid.

Why Iran Matters For American National Interest
The negotiations in Vienna about a return to the JCPOA are continuing, at least as of this writing in late May. Perhaps there will be a breakthrough soon, one way or another, even before this Caravan goes to press, or the talks may drag on into the summer until a compromise is reached or until one side decides to call it quits. It is pointless to make predictions, but it is certain that the outcome will matter a lot to American national interest. An American capitulation to lift all sanctions without Iran returning to the terms of the JCPOA--as well as to additional measures concerning sunset clauses, ballistic missiles, regional destabilization and human rights violations--will be a strategic defeat for the United States. On the other hand, an expanded Iran deal that includes those additional terms could be a significant diplomatic victory for Washington, as well as a boon for the Iranian people, the stability of the region and global order.

Iran In China’s Grand Strategy
China does not have a fixed Iran doctrine. And Iran does not have a historic China doctrine, as it usually places its geostrategic emphasis on the Middle East, the United States, and Europe. But the two revolutionary regimes are coming together. Iran now serves as an important part of China’s overall strategic approach to world affairs, an approach that is fundamentally determined by an orthodox Marxist-Leninist understanding of international power dynamics. The People’s Republic of China (PRC) under the Chinese Communist Party (CCP) envisions an epic struggle on a global scale between the international anti-communist forces, led by the United States, and the global socialist cause, led by the CCP since the demise of Communism in the former Eastern bloc under the Soviet Union. This basic understanding of the struggle has led to the development of a deeply-held strategic paranoia in Beijing. The Party has inculcated a peculiar set of doctrinal principles that place the CCP at the center of a well-coordinated international containment scheme designed to stifle the CCP from carrying out its historic socialist mission to its logical and ideological conclusion. According to all core CCP leaders, from Mao Zedong, to Deng Xiaoping, to Jiang Zemin, to Hu Jintao, to Xi Jinping, the CCP must implement a series of measures at any cost to counter the anti-communist containment, and survive and eventually triumph as the leader of a new model of global governance. Two of these measures now involve Iran: the strategies of breakout and diversion.

The conflict in Yemen is poorly understood in the United States. The general view in policy and government circles is that Saudi Arabia is the principal cause of the crisis, and that if the Saudis can be made to stop their military campaign against the Houthi rebel movement, the war would end quickly. Furthermore, this conflict is often mistakenly characterized as one between the regional powers of Saudi Arabia and Iran or one between Sunnis and Shia Muslims. It is in fact first and foremost a civil war, the most recent of several wars between Yemenis that began in 1962. Thus, it is internal dynamics that drive Yemenis to fight each other, and this war is unlikely to end quickly no matter what Saudi Arabia does or is made to do. After considerable resistance and perhaps willful naïveté, Washington finally appears to be accepting this reality.

Iran has been a state sponsor of terrorism since 1984. Through the Islamic Revolutionary Guard Corps (IRGC) and Qods Force, Iran has forged relationships with like-minded militias in neighboring countries, but primarily in Iraq. The Badr Corps (also referred to as Badr Organization) has historical ties stemming back to the Iran-Iraq War. Badr fought alongside Iran’s IRGC against Saddam Hussein and his forces. Between Lebanese Hezbollah and Badr, Iran paid attention to the importance of surrogates. These groups are at the center of Iran’s asymmetric doctrine.

________

from KXLY 4 News (ABC Spokane)

The Inland Northwest has a housing shortage. Right now, there’s only a 10 day supply, according to the Spokane Association of Realtors. There’s high demand to build, but more people can’t afford escalating prices. “I want to be able to build new homes, custom homes for younger married couples, and right now we can’t,” said Lonnie Edwards who owns Built on Trust home building company. “Affordable housing is going out the window.” He says he used to be able to build starter level homes for around $250,000. Now, he’s struggling to build similar homes for under $500,000. Prices are rising dramatically, inventory is delayed by months, and he can’t even predict what prices will look like a week out.

________

from Mises Institute
RIGHT-CENTER BIAS, MIXED


This Is What Could Trigger Big Growth in CPI Inflation
Bottom line: how the Great Monetary Inflation of 2011/12 will end and whether it includes a combustion process into high sustained CPI inflation are wide-open questions at this point. The balance of present and past evidence suggests that no combustion is still one mainstream scenario where an endogenous process of asset inflation turning to asset deflation sets in first. The small size of the history laboratory, however, does not include for the modern era (since say 1919) another decade and potentially more of virulent asset inflation without a meaningful monetary counterattack.

Why Stimulus Does Not Stimulate
Congress is hard at work on a stimulus bill. Doubtless their efforts will pay off. Does anyone stop to ask what it is about stimulus that stimulates? And what, exactly, does it stimulate? Start by spending a lot of money that the government does not have, borrow the difference, and the central bank prints the difference and buys up the debt. But does that increase the production of useful things? To answer this, we look at an unlikely friend, Keynes and his General Theory.

________

from The Spokesman-Review
Newspaper in Spokane, Washington

________


In the news, Monday, June 14, 2021


________

JUN 13      INDEX      JUN 15
________


________

from HumanProgress.org
Education Website

Pessimists often claim that human progress is about to come to a screeching halt. They say that the resources that make progress possible are about to run out, dooming us to a reversal in living standards. The Club of Rome, along with nearly every environmentalist, tells us that incessantly, usually pointing to a supposed mineral shortage that will end civilization. The pessimists insist that everything must be recycled and that we must have a completely circular economy. Alas, they fail to understand how the mineral industry actually works. On a deeper level, they fail to understand that humans have agency. We are not merely buffeted by the natural world but can solve problems ourselves. ... Our adaptive abilities should be obvious, though they clearly are not. We’ve been adapting to resource scarcity for millennia, and the idea that we would stop today, at the pinnacle of our development so far, is a peculiar one.

________

from Mises Institute
RIGHT-CENTER BIAS, MIXED


Historically, meetings of the largest economies in the world have been essential to reach essential agreements that would incentivize prosperity and growth. This was not the case this time. The G7 meeting agreements were light on detailed economic decisions, except on the most damaging of them all. A minimum global corporate tax. Why not an agreement on a maximum global public spending? The global minimum tax rate will not hurt G7 members or large technology giants, but it will devastate small and dynamic countries that need to attract capital and investment and who cannot afford to have the tax rate of global leading nations.

The idea of universal basic income (UBI) is near the peak of the hype cycle. Democrat Andrew Yang made it the flagship issue of his presidential campaign. A small industry of advocates tirelessly push arguments in its favor. I will address two in this piece. The first: the claim of permanent elimination of jobs. The second: the resulting need for income to compensate for the fall in purchasing power from the lack of work. Both rely on long-discarded economic fallacies. 

________

from The Spokesman-Review
Newspaper in Spokane, Washington

________


In the news, Sunday, June 13, 2021


________

JUN 12      INDEX      JUN 14
________


________

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

What Brook Farm and other utopian communities of the 19th century sought is essentially unachievable. Yet the idea of a collectivist paradise remains alluring to many even today. In his book, Brook Farm: The Dark Side of Utopia, historian Sterling F. Delano reveals that there were at least 119 of them established between 1800 and 1859. 

With one of the lowest COVID-19 case rates in the country, a 70+ percent adult vaccination rate, and widespread reopening set for June 15, the pandemic is finally on the wane in California. But Governor Gavin Newsom is still refusing to give up his “emergency powers.” “California is set to end most coronavirus restrictions on June 15, but Gov. Gavin Newsom is not lifting the state of emergency,” local media outlet KCRA3 reports. “Newsom is keeping emergency powers given to him by a court in his back pocket ‘in case things go south.’” "We're still in a state of emergency,” the governor said. “This disease has not been extinguished. It's not vanished, it's not taking the summer months off." The extent of the emergency powers here is genuinely breathtaking. Per KCRA3, Newsom’s emergency declaration has allowed him to unilaterally allocate billions in “emergency spending” and change or suspend more than 200 state laws and regulations. It’s perhaps unsurprising that the governor doesn’t want to give up such vast and unchecked power. However, with this forever-emergency mentality, Newsom is stretching state law so far he deserves an Olympic gold medal in gymnastics.

________

from The Spokesman-Review
Newspaper in Spokane, Washington

________


In the news, Saturday, June 12, 2021


________

JUN 11      INDEX      JUN 13
________


________

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

Is limiting population growth really the best way to protect environmental resources?
Over the last decade, United States population growth was at its lowest rate since the 1930s, according to a report released by the US Census Bureau in April. Population was up by 7.4 percent over the previous decade, the slowest growth rate the US has seen since the Great Depression. (These findings are a bit surprising since 93 percent of American adults either would like children or already have them, and only 5 percent do not want children, according to a 2013 Gallup poll.) The Nobel Prize-winning economist and New York Times columnist Paul Krugman had positive words to say about the census news. He wrote in a Times article last month, “Is stagnant or declining population a big economic problem? It doesn’t have to be. In fact, in a world of limited resources and major environmental problems there’s something to be said for a reduction in population pressure.” By expressing a rosy attitude toward the waning of humankind’s proliferation on Earth, Krugman is joining a dubious tradition that has been ascendant since the 18th century.

________

from Mises Institute
RIGHT-CENTER BIAS, MIXED


These days it’s not your typical latte-sipping millennials who are going woke. Taking a stroll around America’s largest metro areas will have one believe social justice is the latest fad that’s sweeping across corporate boardrooms. Much has been written about woke capital—businesses’ recent pivot to signal their affinity for leftist movements—and what it means for society at large. Suffice it to say that since last year, this trend has accelerated at breakneck speeds. Wokeness may now be a public relations strategy—a method of appealing to the moral sensibilities of the upper-middle-class woke American consumer.

________

from The Spokesman-Review
Newspaper in Spokane, Washington

________


Saturday, June 19, 2021

JULY — DECEMBER, 2021


____________

back      2020-2029 INDEX      next
____________



JULY


                                                                           THU 01      FRI 02      SAT 03

SUN 04      MON 05      TUE 06      WED 07      THU 08      FRI 09      SAT 10

SUN 11      MON 12      TUE 13      WED 14      THU 15      FRI 16      SAT 17

SUN 18      MON 19      TUE 20      WED 21      THU 22      FRI 23      SAT 24

SUN 25      MON 26      TUE 27      WED 28      THU 29      FRI 30      SAT 31



AUGUST


SUN 01      MON 02      TUE 03      WED 04      THU 05      FRI 06      SAT 07

SUN 08      MON 09      TUE 10      WED 11      THU 12      FRI 13      SAT 14

SUN 15      MON 16      TUE 17      WED 18      THU 19      FRI 20      SAT 21

SUN 22      MON 23      TUE 24      WED 25      THU 26      FRI 27      SAT 28

SUN 29      MON 30      TUE 31



SEPTEMBER


                                                        WED 01      THU 02      FRI 03      SAT 04

SUN 05      MON 06      TUE 07      WED 08      THU 09      FRI 10      SAT 11

SUN 12      MON 13      TUE 14      WED 15      THU 16      FRI 17      SAT 18

SUN 19      MON 20      TUE 21      WED 22      THU 23      FRI 24      SAT 25

SUN 26      MON 27      TUE 28      WED 29      THU 30



OCTOBER


                                                                                             FRI 01      SAT 02

SUN 03      MON 04      TUE 05      WED 06      THU 07      FRI 08      SAT 09

SUN 10      MON 11      TUE 12      WED 13      THU 14      FRI 15      SAT 16

SUN 17      MON 18      TUE 19      WED 20      THU 21      FRI 22      SAT 23

SUN 24      MON 25      TUE 26      WED 27      THU 28      FRI 29      SAT 30

SUN 31



NOVEMBER


                  MON 01      TUE 02      WED 03      THU 04      FRI 05      SAT 06

SUN 07      MON 08      TUE 09      WED 10      THU 11      FRI 12      SAT 13

SUN 14      MON 15       TUE 16      WED 17      THU 18      FRI 19      SAT 20

SUN 21      MON 22      TUE 23      WED 24      THU 25      FRI 26      SAT 27

SUN 28      MON 29      TUE 30



DECEMBER


                                                       WED 01      THU 02      FRI 03      SAT 04

SUN 05      MON 06      TUE 07      WED 08      THU 09      FRI 10      SAT 11

SUN 12      MON 13      TUE 14      WED 15      THU 16      FRI 17      SAT 18

SUN 19      MON 20      TUE 21      WED 22      THU 23      FRI 24      SAT 25

SUN 26      MON 27      TUE 28      WED 29      THU 30      FRI 31




(see 1965, 1993)





In the news, Friday, June 11, 2021


________

JUN 10      INDEX      JUN 12
________


________

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

Proponents of big-government spending and money-printing tried to downplay April data showing surging consumer prices as just a temporary adjustment. But the new data for May are out now, and they show price inflation shooting up even higher. ... Price inflation sometimes feels like an abstract concept. But here are three ways that the surging consumer prices revealed in this report will hurt everyday Americans. 1. Directly Cutting Your Paycheck; 2. Eroding Your Savings; 3. Stealth Taxation.

________

from Hoover Institution
Nonprofit Organization in Stanford, California

Whither The JCPOA With Iran
Within the next several weeks the United States and its partners could well agree with Iran for the ‘return’ of the U.S. and Iran to the provisions of the 2015  “Joint Comprehensive Program of Action” or JCPOA regulating Iran’s nuclear programs. Certain outstanding issues within the negotiations and the larger questions related to Iran and its neighborhood, could, however, still derail an agreement; and even with an agreement the larger problem of Iran will remain. In Vienna, as part of the informal “P5+1 group, the United States is negotiating a return to the provisions of the JCPOA agreed to in 2015 between the P5+1 and Iran. (The P5+1 or “P3+3” consists of the five UN Security Council permanent member states U.S., UK, France, Russia, China, plus Germany and the EU foreign policy chief). President Trump pulled the United States out of the JCPOA in 2018.  Aside from unimportant administrative measures, this ‘pulling out’ in practice consisted of lifting the waivers which the Obama administration, as specified in the JCPOA, granted to stop the effect of sanctions on Iran for its nuclear program. Trump felt the JCPOA time limits on Iran’s activities were too short, and raised various other issues inside and outside the JCPOA. His intent was to pressure Iran to negotiate a better deal - which did not happen - but also to put pressure on the Iranian economy through sanctions in order to limit its regional adventurism. That had some effect.

________

from Mises Institute
RIGHT-CENTER BIAS, MIXED


Is the Subjectivist Theory of Value Ideological?
When the subjective theory was formulated in the 1870s by Carl Menger, William Stanley Jevons, and Léon Walras, it suffered from a defect. This defect gave socialists help in making their case. It wasn’t until Mises himself that this defect was remedied; this took place after World War I, when Mises developed his famous calculation argument against socialism. The fact that the subjective theory was around for fifty years while it retained the help it gave socialism is strong evidence that the theory wasn’t devised as a defense of capitalism. Mises made a major advance in the subjective theory by bringing out the full implications of the fact that preferences are purely ordinal. You can prefer vanilla to chocolate ice cream, for example; but you can’t say how much you prefer one to the other. Intensive magnitudes can’t be measured. Calculation can only take place using money prices, and without calculation, there is no means of telling whether production goods with alternative uses are being allocated in a way that best satisfies the consumers. Further, without economic calculation, you could not "show how much one is free to consume without impairing the future capacity to produce. It is with regard to this problem that the fundamental notions of economic calculation—capital and income, profit and loss, spending and saving, cost and yield—are developed."

Texas governor Greg Abbott yesterday announced that the State will build its own border wall and will jail anyone "who enters our state illegally and is found trespassing, engaged in vandalism, criminal mischief, or smuggling," Moreover, Abbott announced plans to pursue an interstate compact with Arizona for purposes of border control. This new move is just the latest in an ongoing contest over whether state governments have any authority over border control and control over the flow of migrants.

________

from NBC News (& affiliates)
LEFT-CENTER BIAS

Putin told NBC's Keir Simmons that accusations that he is a "killer" are "Hollywood macho."
Russian President Vladimir Putin, in an exclusive interview Friday with NBC News, called former President Donald Trump a "colorful individual" and said he can work with President Joe Biden.

________

from The Spokesman-Review
Newspaper in Spokane, Washington

________


In the news, Thursday, June 10, 2021


________

JUN 09      INDEX      JUN 11
________


________

from HumanProgress.org
Education Website

Our thirtieth Center of Progress is Tokyo, which, after it was nearly destroyed during World War II, was rapidly rebuilt and reinvented itself as a world leader in manufacturing and technology. Today, Tokyo is the country’s economic center and the seat of the Japanese government. The city is famously safe and prosperous. It is renowned for its glamor and cosmopolitanism. The Greater Tokyo Area is currently the most populous metropolitan area in the world, boasting well over 37 million residents. As our final Center of Progress, Tokyo’s large population is appropriate because, as in every city, it is the people who live there who drive progress and create wealth. And the more people, the merrier—a finding also backed up by empirical research.

________

from Jihad Watch

Critical Race Theory is as an indictment of the United States as a systemically-racist society, but it is also something worse: an all-encompassing worldview, a guiding life philosophy that purports to explain the world in a staggeringly simple manner. With racism, slavery, imperialism, colonialism, and more, white people have inflicted incalculable harm on the world, and in fact are the source of evil in the world. The Nation of Islam has expressed this with devastating succinctness for decades, using the chillingly direct phrase, “The white man is the devil.” With officials all over the country pushing Critical Race Theory upon us in our schools and workplaces, the Nation of Islam is quickly becoming the de facto official religion of the United States. This makes the question all the more urgent: why haven’t the churches condemned it?

________

from Mises Institute
RIGHT-CENTER BIAS, MIXED


Why the US Supports Secession for Africans, but Not for Americans
The twentieth century was a century of secession. Since the end of the Second World War, the number of independent states in the world has nearly tripled as new states, through acts of secession, have come into existence. This was driven largely by the wave of decolonization that occurred following the Second World War. From the late 1940s through the 1970s, across Africa and Asia—and even in Europe, as in the case of Malta—dozens of colonial territories declared independence through referenda and other strategies. Throughout these processes of decolonization, much of the international community—including the United States—was supportive. Following the Second World War, the United States explicitly supported decolonization efforts, and was often quick to recognize the new countries’ sovereignty and establish diplomatic relations. The US frequently supported these acts of secession, because, it was said, it was morally imperative so as to respect the rights of “self-determination” denied to the world’s colonized territories. Moreover, many of the world’s sovereign states supported this global spree of secessionist movements, from the US to the Soviet Union and China, and within many international organizations like the United Nations. Yet when secession is suggested in other contexts, today’s regimes are far less enthusiastic and generally condemn the very idea of secession.

________

from The Spokesman-Review
Newspaper in Spokane, Washington

There is an existential crisis threatening to overwhelm the livability of American cities, and it’s not climate change. It’s homelessness. And while we argue over how to adapt and how much influence our activities have on the physics of climate, we are fully responsible for policies behind and around homelessness. A compassionate people must not adapt to stepping over human feces on downtown sidewalks and accepting families living in cars as normal. There is not a single cause for homelessness nor a single solution. Least visible are those with income from work or other legitimate sources who are priced out of housing. They may not be visible on the streets as they hunker down in their cars or couch surf with friends.

________


In the news, Wednesday, June 9, 2021


________

JUN 08      INDEX      JUN 10
________


________

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

In May, the Network for Public Health Law published a report showing that in recent months no fewer than 15 state legislatures have passed or are considering passing measures that would restrict the legal authority of public health departments.
Among the provisions passed or considered are the following:
● Prohibitions on requiring citizens to wear masks;
● Prohibiting health agencies from closing businesses or schools;
● Banning the use of quarantines for people who have not been shown to be sick;
● Preventing state hospitals and universities from requiring vaccinations for employees and students;
● Preventing local governments from exercising emergency powers that are inconsistent with state health department guidelines;

Proponents of a federal $15 minimum wage like progressive Senator Bernie Sanders argue that it would lift millions of workers out of poverty. But the former CEO of McDonald’s just warned that artificially spiking the cost of labor could hasten the drive toward automation and instead leave many workers replaced with machines.

"Concentrated power is not rendered harmless by the good intentions of those who create it."

________

from The Spokesman-Review
Newspaper in Spokane, Washington

________

from The Washington Post
Newspaper in Washington, D.C.

The firm behind the Keystone XL pipeline officially scrapped the project on Wednesday, months after President Biden revoked a cross-border permit for the controversial pipeline and more than a decade after political wrangling over its fate began. The pipeline, which would have stretched from Alberta’s boreal forests to the refineries along the U.S. Gulf Coast, became the center of a broader controversy over climate change, pipeline safety, eminent domain and jobs. Those same concerns have spawned similar battles to stop pipelines in states including Montana, Minnesota and Virginia, part of an effort to keep fossil fuels in the ground. The Keystone XL project also took on special significance because of the sea change in public and business attitudes toward climate change. The process of extracting bitumen-like oil from the thick tar sands consumes enormous amounts of energy — a combination of strip mining and underground steam injection — and exacerbates the impact on the planet’s atmosphere. TC Energy said in a statement that it decided along with the government of Alberta to end the multibillion-dollar pipeline.

________


In the news, Tuesday, June 8, 2021


________

JUN 07      INDEX      JUN 09
________


________

from Breitbart
RIGHT BIAS, MIXED, American conservative news and opinion website

Servers Down: UK Government, Amazon, CNN, Newspaper Websites Impacted
Several of the world’s most trafficked websites were inaccessible or running unreliably Tuesday morning, with many impacted sites showing 503 errors. The outage of the websites, which included the UK Government’s own website, a host of newspapers and newsgroups, and online culture sites began a little before 1100 BST (0600 EST) and saw many sites return a 503 Service Unavailable message. Mozilla Web Developer documentation defines a 503 error as indicating “the server is not ready to handle the request. Common causes are a server that is down for maintenance or that is overloaded.”

________

from Jihad Watch

Where is that money coming from? From, among other sources, American taxpayers, thanks to Joe Biden’s handlers.
Palestinian Authority President Mahmoud Abbas on Sunday ordered that the family of a Palestinian terrorist who murdered two Israelis be paid more than $40,000 and be given new housing, the Kan public broadcaster reported. Ramallah Governor Laila Ghannam, an Abbas appointee, met with the family of Muhannad Halabi and gave them some 30,000 Jordanian Dinars ($42,000), reportedly to help them cover housing costs since their home was destroyed by the IDF following the killings, Kan said. .. Ramallah may have paid as much as NIS 600 million ($181 million) in 2020 in salaries to Palestinians imprisoned by Israel for security offenses — including terrorism — and their families….

________

from Mises Institute
RIGHT-CENTER BIAS, MIXED


Guatemala: The Human Rights Nightmare That Is the US Drug War
Vice President Kamala Harris visited Guatemala earlier this week to bestow millions of dollars in new foreign aid on that government. The Biden administration is pretending that giving more US tax dollars to Central American governments will miraculously reduce the surge of illegal immigrants that Biden’s appointees are welcoming in Arizona, Texas, and elsewhere. The purpose of Harris’s trip and the new handouts is not to solve that problem but simply to make the Biden administration appear to give a damn about the issue. In her official statements during the visit, Harris included no admission of how the US drug war has been a pox on Guatemala. Her silence was no surprise considering Joe Biden’s nearly half century of fanaticism for that pointless crusade.  ... It would be naïve to expect the Biden administration to embrace any solution to a problem that involves decreasing US government power. But giving more money to Central American regimes will do nothing to compensate farmers, businessmen, and others still victimized by the US war on drugs. Unfortunately, the vast majority of Americans will continue to ignore the carnage that is inflicted abroad in their name. Biden's plan to give more money to Central American regimes will do nothing to compensate farmers, businessmen, and others still victimized by the US war on drugs.

________

from MyNorthwest
Media/News Company in Seattle

The Seattle Department of Finance and Administrative Services (FAS) sent an all-staff email calling police officers white supremacists. Seattle cops are livid, but the agency is backing the hateful, dangerous message. It’s the latest blow to a dwindling police force losing officers at an alarming rate. Under the heading “Black Lives Matter,” the email excoriated Seattle cops as serving “the false gods of white supremacy,” called them “mercenaries and zealots,” and argued they are “paid in the wages of white privilege.”

________

from ProPublica
LEFT-CENTER BIAS, HIGH, Non-profit newsroom in New York

ProPublica has obtained a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people, covering more than 15 years. The data provides an unprecedented look inside the financial lives of America’s titans, including Warren Buffett, Bill Gates, Rupert Murdoch and Mark Zuckerberg. It shows not just their income and taxes, but also their investments, stock trades, gambling winnings and even the results of audits. Taken together, it demolishes the cornerstone myth of the American tax system: that everyone pays their fair share and the richest Americans pay the most. The IRS records show that the wealthiest can — perfectly legally — pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year.

________

from The Spokesman-Review
Newspaper in Spokane, Washington

________

from Technocracy News

Power Grid: Energy Secretary Warns Of Crippling Cyberattacks
As fear mongering on cyber security gains traction, as is the case right now, you can be certain that there are other disingenuous motives to promote Technocrat goals in hopes of capturing the world into a Scientific Dictatorship. ⁃ TN Editor
Energy Secretary Jennifer Granholm on Sunday called for more public-private cooperation on cyber defenses and said U.S. adversaries already are capable of using cyber intrusions to shut down the U.S. power grid. “I think that there are very malign actors who are trying,” she said. She added: “Even as we speak, there are thousands of attacks on all aspects of the energy sector and the private sector generally.” Granholm noted, without mentioning the company by name, that Colonial Pipeline Co. was hit in May with a crippling cyberattack by a ransomware group. Colonial temporarily shut down its gasoline distribution networks in the South before paying $4.4 million to the hackers. She urged energy companies to resist paying ransom.

________


In the news, Monday, June 7, 2021


________

JUN 06      INDEX      JUN 08
________


________

from First Things

WHAT’S IN STORE FOR YOUR SONS
I have been a professor at Bucknell University for twenty years, and alas, I find myself singing that tune with new lyrics: “Mammas don’t let your (male) babies grow up to attend a woke liberal arts college.” It is my considered view that a parent with the best interests of a male child at heart should be intensely concerned about what he is likely to experience at a school like the one in which I work. Young men in institutions like mine are mercilessly stereotyped. They are compelled to unquestioningly acquiesce to fundamentally anti-male social justice doctrines that are in the process of becoming the raison d’être of such institutions. They are told throughout their four years at college that a male who unapologetically embraces his nature commits an eternal offense. Unless he agrees to fundamentally change himself to suit the desires of his moral betters, he is to be despised by the righteous and becomes a legitimate target for repression.

________

from Intellectual Takeout
Nonprofit Organization in Bloomington, Minnesota

Foreign ministers of nations both great and small make statements all the time, most of them silly or just forgettable. Some of them are utterly sinister, like Secretary of State Antony Blinken’s promise to promote homosexual “rights.” This has led to the U.S. Embassy to the Holy See, among others, to display the rainbow flag of politicized homosexuality throughout the month of June, “pride” month. Welcome to the United States of advanced postmodernia.

________

from Mises Institute
RIGHT-CENTER BIAS, MIXED


There is no place in a free society for a government that sues private citizens for defamation. But even between private parties, defamation suits are often used by the powerful to silence others.

________

from Reuters
International news agency headquartered in London, UK

Apple Inc (AAPL.O) on Monday said a new "private relay" feature designed to obscure a user's web browsing behavior from internet service providers and advertisers will not be available in China for regulatory reasons. The feature was one of a number of privacy protections Apple announced at its annual software developer conference on Monday, the latest in a years-long effort by the company to cut down on the tracking of its users by advertisers and other third parties. Apple's decision to withhold the feature in China is the latest in a string of compromises the company has made on privacy in a country that accounts for nearly 15% of its revenue.

________

from The Spokesman-Review
Newspaper in Spokane, Washington

________