Tuesday, February 15, 2011

The education bubble is fuel for Revolution

What is the common thread between Tunisia and Egypt? Free university education, with courses of study determined by the government, and a correspondingly high youth unemployment rate.

Amplify’d from mises.org

Having such a large number of unemployed youths can be dangerous. As George Mason University sociologist Jack A. Goldstone notes, "Educated youth have been in the vanguard of rebellions against authority certainly since the French Revolution and in some cases even earlier."

In Egypt, enrollment in tertiary education increased from 14 percent in 1990 to approximately 35 percent in 2005. Yet this has not helped the unemployment rate among recent grads. The national Egyptian unemployment rate is 9.4 percent, comparable to the United States, but the unemployment rate for people between the ages of 15 and 29 is 87.2 percent. College graduates, largely because of their age, have a ten times higher unemployment rate than for those who did not attend college.

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What is really going on in Wisconsin?

No more closed union shops. State workers are able to keep their jobs without paying union dues. State workers will need to pay 12% of their healthcare costs and half their pension deposits. This hardly seems overly burdensome.Oh, and the exemptions that allow state workers to unionize (as FDR would have never allowed) now exclude benefits from the collective bargaining agreement, plus voters have to approve wage increases that are higher than the cpi. None of this removes anybody's rights, though it removes extremely generous privileges only state workers had that those who work in the private sector have never had.



And what was the alternative? Raise taxes on everyone in Wisconsin in the middle of a recession that has led to a huge number of home foreclosures. That would increase unemployment and home foreclosures. Hardly a good idea. I support Walker's choices in Wisconsin.

Amplify’d from www.nationalreview.com

Wisconsin is broke. The current budget is already $137 million in the red. The 2011–2013 biennial budget faces a $3.6 billion hole. So Governor Walker has called the legislature into special session and presented them with an emergency budget. His plan closes the deficit without raising taxes.



Government employees in Wisconsin get amazing benefits. They get a generous defined-benefit pension with minimal contributions on their part. They also only pay 6 percent of the cost of their health-care premiums. Few taxpayers enjoy anything this generous.



Government employees get these benefits because of the special privileges government unions enjoy. Government workers in many states — including Wisconsin — must pay union dues or lose their jobs. The state subsidizes their fundraising by using its payroll system to collect these forced dues.



This gives the union movement billions of dollars, which it uses to elect favored candidates. The American Federation of State and County Municipal Employees (AFSCME) spent more than any other outside group in the last election. Government unions have used this political clout to hijack state government to serve their interests.



Governor Walker could have raised taxes or fired 6,000 state employees. Instead, like Governor Christie, he decided to actually fix the problems that brought Wisconsin to this point. His budget limits government collective bargaining to just wages, taking benefits and work rules off the bargaining table. He would also require voters to approve any raises above inflation. Walker would prevent government unions from forcing taxpayers to cough up for their gold-plated benefits.



Having done that, his budget requires state and local employees to contribute half of the cost of their pension contributions — roughly 6 percent of their salary. He also requires them to pay 12 percent of their health-care premiums. By private-sector standards these are modest changes, but they will help close Wisconsin’s budget gap.



Walker’s budget removes the special privileges that give government unions their outsize influence. His plan allows workers to quit their union without losing their job. He requires unions to demonstrate their support through an annual secret-ballot vote. He also ends the unfair taxpayer subsidy to union fundraising: The state and local government would stop collecting union dues with their payroll systems.

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Alleged bias against women in science disproved

The number of politicized studies pointing to discrimination against women or any affinity group you care to name keeps on growing. The problem with these studies is that they, like the studies about the role of CO2 with relation to climactic effects, depend more on volume than on accuracy. They are trumpeted to a receptive press and a political establishment looking for another excuse to increase its control over people's lives, and their conclusions become law without any skeptical scientists ever being allowed to examine the evidence, let alone testify against them. If the evidence doesn't prove the conclusions, or if it is falsified to be more persuasive than it was when raw, in most cases we the public will never know.



So it's wonderful when science works the way it is supposed to and allows other scientists to challenge the results of earlier studies. That's what we have here.

Amplify’d from www.nationalreview.com


In “Understanding Current Causes of Women’s Underrepresentation in Science,” Cornell professors Stephen Ceci and Wendy Williams provide a thorough analysis and discussion of 20 years of data. Their conclusion: When it comes to job interviews, hiring, funding, and publishing, women are treated as well as men and sometimes better. As Williams told Nature, “There are constant and unsupportable allegations that women suffer discrimination in these arenas, and we show conclusively that women do not.” Put another way, the gender-bias empress has no clothes.


Congress should hold hearings on the merits of continuing to spend hundreds of millions on Title IX science reviews and the ADVANCE grants. This time skeptics like Ceci and Williams must be included. It is hard to see how the gender-bias empire will stand once reason and truth are given a place at the table.

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When the fawning mainstream media doesn't fawn enough

The mainstream media did its best to get Obama elected, and continues to do what it can to prop his administration up amid the disastrous economic numbers and terrifying developments overseas, but they aren't obsequious enough for the White House.



What to do, what to do? How about doing an end-run around the mainstream media to put out an even more whitewashed and falsified view of what goes on?

Amplify’d from abcnews.go.com


As the 2012 presidential campaign kicks into gear, President Obama's White House media operation is demonstrating an unprecedented ability to broadcast its message through social media and the Internet, at times doing an end-run around the traditional press.


The White House Press Office now not only produces a website, blog, YouTube channel, Flickr photo stream, and Facebook and Twitter profiles, but also a mix of daily video programming, including live coverage of the president's appearances and news-like shows that highlight his accomplishments.


"The administration has narrowed access by the mainstream media to an unprecedented extent," said ABC News White House correspondent Ann Compton, who has covered seven administrations. "Access here has shriveled."


Members of the press have always had quibbles with White House media strategies, calling cut-backs in access an affront to transparency, even as administration officials insist they're simply taking advantage of new technologies.


But some say the current dynamic is different, and dangerous.


"They're opening the door to kicking the press out of historic events, and opening the door to having a very filtered format for which they give the American public information that doesn't have any criticism allowed," said University of Minnesota journalism professor and political communication analyst Heather LaMarre.

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102.6 percent

The US Government's debt will be 102.6% of the GDP this year, according to Obama's budget. To put this in perspective, you must know that he aims for the government to spend 25% of the US GDP while taking in about15% in revenues. This is like you buying a million dollar house on a yearly budget of $250K while only earning $150K. How long do you think that will last before it collapses?

Amplify’d from www.washingtontimes.com

Mr. Obama‘s budget projects that 2011 will see the biggest one-year debt jump in history, or nearly $2 trillion, to reach $15.476 trillion by Sept. 30, the end of the fiscal year. That would be 102.6 percent of GDP — the first time since World War II that dubious figure has been reached.

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Monday, January 24, 2011

Rules for Obama Bingo

Just in time for the SOTUS... In the tradition of Bush Bingo, Americans for Tax Reform presents Obama BINGO. How will you score?


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Saturday, January 15, 2011

3.8% sales tax on home sales and rental income found in health care reform

Hidden away in the so-called Patient Protection and Affordable Care Act is a 3.8% federal sales tax on all unearned income. This includes home sales and rentals. Anyone think that taxing home sales will help the housing market recover? Anyone think that forcing landlords to raise rents by at least 3.8% to cover the new taxes will help? Over 200 companies have already applied to the White House for individual waivers from having to comply with other crippling mandates from this bill. Will politically connected homeowners and landlords be running to the White House to get waivers from this part of the bill too?



When will the scary surprises stop?



That's a new tax on people earning under $250K. Do you own a home? Are you concerned with having to pay another 3.8% in sales tax to the federal government when you sell? Or do you rent? Do you want to pay another 3.8% in rent?



What else is in this bill?



Republicans should stay the course and repeal this monstrosity and all its stealth provisions, including this 3.8% sales tax on home sales and rental income.

Amplify’d from www.gop.gov

Beginning January 1, 2013, ObamaCare imposes a 3.8% Medicare tax on unearned income, including the sale of single family homes, townhouses, co-ops, condominiums, and even rental income.
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Thursday, January 6, 2011

How high is the debt ceiling?

In the past week many flocks of birds have been dropping dead out of the sky, fish have floated belly up on various rivers, and bumble bees are buzzing off to drop dead too. Some have been blaming Bush, others have been blaming invisible airplanes, anti-missile technology, UFOs, Obamacare, Global Warmening/Coolening, and Santa Claus's hypersonic sleigh. But the most amusing reason I've heard is that the birds have dropped dead after running into the debt ceiling.

I didn't know they could fly that high!

So I did a little calculation to see how high birds would have to fly to run into the debt ceiling. My presumption is that the debt ceiling needs to be tall enough to fit a stack of dollar bills under it. A dollar bill is .0043 inches thick when stacked, according to the US Treasury. Here is a table showing how high birds would have to fly to run into a debt ceiling defined thusly.

                      Dollars                          Feet                       Miles
One100
Million1,000,0003580
Billion1,000,000,000358,33368
1 Trillion1,000,000,000,000358,333,33367,866
2 Trillion2,000,000,000,000716,666,667135,732
3 Trillion3,000,000,000,0001,075,000,000203,598
4 Trillion4,000,000,000,0001,433,333,333271,465
5 Trillion5,000,000,000,0001,791,666,667339,331
6 Trillion6,000,000,000,0002,150,000,000407,197
7 Trillion7,000,000,000,0002,508,333,333475,063
8 Trillion8,000,000,000,0002,866,666,667542,929
9 Trillion9,000,000,000,0003,225,000,000610,795
10 Trillion10,000,000,000,0003,583,333,333678,662
11 Trillion11,000,000,000,0003,941,666,667746,528
12 Trillion12,000,000,000,0004,300,000,000814,394
13 Trillion13,000,000,000,0004,658,333,333882,260
14 Trillion14,000,000,000,0005,016,666,667950,126

Once the debt ceiling passed a billion it was 68 miles up, too high for birds to fly. This happened before the turn of the 20th century. The center of the moon is between 225,622 and 252,088 miles away from the center of the earth. So the debt ceiling passed the moon when the national debt got to 4 trillion. This happened some time in the 1990s, while Clinton was in office. Mars is 34 million miles from earth at its closest approach. This would require a debt ceiling at roughly $501 trillion. The US government will go bankrupt well before it approaches that level of debt, in fact it will require drastic and destructive measures if the debt approaches the $16T GDP any closer. So I wonder what the idiots in charge of federal spending are trying to reach. They can't reach Mars. So what are they trying to reach?

Maybe bankruptcy is the whole goal, after all.

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Sunday, January 2, 2011

"Hottest year on record" 2010 still cooler than 9,100 of last 10,500 years http://amplify.com/u/k9sp #tcot #yid http://amplify.com/u/k9ta

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The Individual Freedom of 50 Cent

50 Cent's life story as narrated by Robert Green in a speech to Yale students breaks down the key to 50 Cent's success to 50's early realization that he was an individual, alone in the world, responsible for every one of his decisions, and that he had to succeed without help from others. Is such a solo effort to succeed in the cards for everyone? No. But without the freedom to succeed no great and difficult success or new thing would ever happen.

A few years ago, I was contacted by 50, Curtis Jackson, out of the blue. He was a big fan of "The 48 Laws of Power." I had known that there was something going on in the hip-hop world. Jay-Z had been quoting the book and Nas had quoted one of the songs and lyrics. So, something was happening. But 50 wanted to meet me. I had no idea, but I was excited by that. So we met. We kind of hit it off in a very weird way.



You can't imagine two people from two more different backgrounds in the world than he and I. But there was something about us that really clicked. We decided based on this to do a book together. I decided after meeting him and spending some time with him that this guy is really different. Now I live in Los Angeles. I'm not somebody who is generally star struck. I am not really interested in celebrities. They bore me. They don't interest me. So it wasn't a celebrity thing. There was something about him that was really interesting. He is really different. He had a kind of calmness. He had charisma, power. He had power.



So I wanted to figure out what made him different. Why is he like this? Maybe we could learn something from him and I would express that in the book. We would spend a long time talking about his life. And in talking about his life, I began to see a pattern.



I don't know how familiar you are with this. But at the age of about nine years old, he started hustling on the streets in south side Queens, dealing drugs. He did that because he realized that school was a complete dead end for somebody from his background. That only suckers went into school. The schools were really bad. They led to really bad jobs. The only people he could see in the hood that had power were the hustlers. So he was going to become a great hustler. Nine years old is kind of early to start hustling, but that's what he did.



So he was sitting there hustling on the streets. Soon he discovered that hustling wasn't what he thought it was. It was actually quite boring. Day after day at 6:00 in the morning, you had to stand on the street corner. Nothing would happen. You just had to think about whatever. You had no books, nothing to read. No music. Nothing to listen to. Just waiting for people to buy your drugs. It was so boring, and it wasn't glamorous at all. And on top of that, it was a trap. Hustlers don't get out of their life. Most of them die, very few of them live past the age of 25, or they are in prison for most of their lives. To think that you are going to succeed in hustling is an illusion. There is a limit to it.



So, I am going to get out. And about at the age of 15, which is also a bit precocious, he decided he was going to get out of hustling and he was going to become the only other thing he could think you could become, which was a rapper.



So now he started learning how to rap, and he met Jam Master Jay and he apprenticed with him. He started getting reasonably successful. He had record labels interested in him. Then he realized that this was yet another kind of trap. The trap was that the record label owned you and they would develop artists very quickly and then get rid of them as soon as they were not so hot anymore. So you usually have a couple of years of power and success, and then it all faded and you were miserable and then you went back to drugs or dealing or whatever.



It was almost worse than being a hustler, being a rapper. To have power in that world was extremely difficult. And he got fed up with it. He decided to leave it. He decided he was going to go back into hustling. He went back into hustling. This is when he was about 18, maybe 19, I don't remember exactly.



That is when he got shot. I'm sure you all know the story. From a beef that was going on, an old beef, somebody came up to him while he was sitting in the backseat of a car and shot nine times a few feet away from him. One of the bullets went right through his mouth.



He miraculously survived that. It was coming out of that experience that he had his own turning point in life. He determined after that that he was not going to give up. He was not going to get depressed. He was not going to go back into hustling. He was going to launch his music career, but he was going to do it all on his own, all by himself.



He was going to launch a mixed tape campaign on the streets of New York like no one had ever seen before. Because he didn't have a record label, he was going to be able to be as nasty and violent and tell all kinds of stories, the reality of the streets, because there was nobody there who was going to censor him and say, "'We can't get that on the radio. We don't want you to say this or that."



"Fuck all that. I'm going to say exactly what I want. And I'm going to put it out on these mixed tapes. I am going to create a hard sound that is going to kind of reflect the violence that I have known my whole life, and I am going to do everything myself. I am going to package it. I am going to do my own artwork. I am going to mix it myself. I am going to have a group of people around me, but I am not going to depend on any record labels."



He did that with such energy and such drive and such love for it that after two years of this campaign, Eminem got one of his mixed tapes and thought this was the greatest thing he had ever heard. He signed 50 to his record label at Interscope. And then the rest is history.



When I was looking at this, the pattern that I saw was that this was somebody that refused to be dependent on other people. He refused to go for the usual traps in life, in this case, hustling on the streets or being a rapper with a good label. He was supremely realistic. He saw through all the bullshit that the world put at you, and he saw this is where the power lies in life. I am going to go towards it. I was thinking, why would somebody like this be so realistic, so pragmatic and so sharp in his thinking, when a lot of his peers were not like that? A lot of his peers got totally seduced by the idea of becoming a great hustler.



I determined it is because of his very unusual background. 50 never knew his father. To this day he doesn't know who his father was. His mother was killed, murdered when he was eight years old. He lived with his grandparents, but basically he was alone. He had no peers. He had no adult supervision. He was basically thrown out onto the streets of Queens with nobody. Nothing. No protection. No parental support. But on the other hand, which we would almost assume is a very negative thing, on the other hand he had nobody telling him who he should be, what he should do, what defines him.



He had to do everything himself. He had to decide who he was, who he wanted to be, without the usual crutches that most of us have. And I decided, I determined that in fact, this reality of his, this, what I call his existential reality, that he was basically alone in the world and had to do things for himself and define who he wanted to be, that is actually the reality of each and every one of us. But we are not aware of it.



We have the illusion that parents, that friends, that all of our support network is going to help us out in the end, that we can define ourselves through other people, by conforming to a group, by being like other people, by doing what other people tell us to do. But that is actually the illusion. That is actually the con game that goes on. The truth is, you are essentially alone in life. You were born alone and you are going to die alone. And although you have these networks of support and they are real and you do have parents, on the other hand, it is really up to you to define who you are and what you want in life.



What 50 had, and what most really powerful people have in life is a sense that they are unique, that there is something very different about them. And to the extent that you bring out your uniqueness in life, that you become more of an individual, that you bring more of your individuality into play, the more power you are going to have.

Read more at www.powerseductionandwar.com
 

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