Keep the Saudi dollar peg to fight terror
I don’t know what to make of this ridiculous article from the Guardian. Are we really supposed to believe the Saudi government will make a decision of such magnitude just to stick-it to Bin Laden? Are they making their policy decisions simply by opposing the recordings of an invisible man from a mythical cave far far away? Is for-profit funding of research unethical?
I had a conversation today with a very bright individual just about to complete his PHD in computer science — he has inspired me to ask this important question. I was quite surprised to hear him describe his philosophical opposition to private funding for research. I couldn’t believe it. Ever? Is this common? Do people fail because they lack opportunity or because they aren’t capable of success?
It shouldn’t come as a surprise to anyone that successful parents are more likely to raise successful children, but rarely do socialists look for any reason to explain this correlation outside the conventional market bashing anti-capitalist rhetoric. Is America preparing to fight every nation on earth simultaneously?
American military spending far exceeds the total of every other nation on earth combined. Does any country really need to be concerned that every nation on earth will attack in a mass coordinated strike? Does this monstrous budget actually make anyone safer? UFC cash cow
For the uninitiated, UFC stands for Ultimate Fighting Championship, technically the sport is called mixed martial arts or simply MMA. Years ago it was criticized for being what some considered human cock fighting — there were no weight classes, no rounds and no rules. Competitors got in the octagon shaped cage and fought until one fighter either quit or stopped fighting back. The sport was banned in many states. Global warming revisionism
If the data supports a belief in human induced global warming, then nobody should be afraid to discuss the views held by many dissenters. Personally, I’m sitting on the fence. I have noticed in my own hometown a gradual increase in winter temperatures, but that in itself does not prove a correlation with human activity. I admit I have not read the scientific papers… I should probably do that. Anyhow, the following is a summary of the opposing perspective. The great gold standard debate
What follows is a fantastic debate between Ron Paul and the Federal Reserve bank of New York governor Charles Partee from 1983. It’s quite long, but I highly recommend watching all the way to the end, including the rebuttals and Q&A. Evidence capitalism works
I recently came across the following entrepreneurship ranking which I found quite interesting. The list is produced by amalgamating the World Bank’s Doing Business Report and the Global Entrepreneurship Monitor produced by Babson College and the London Business School to create an entirely new ranking referred to simply as the “FSB score”. Combining both these sources with equal weighting creates a new figure that takes many things into account, including: starting a business, operating a business and something called high-expectation entrepreneurship. The savior of western civilization?
Expect to hear a lot about “sovereign funds” in the near future The financial industry is on the verge of collapse. Losses from sub-prime loans could exceed the entire American banking industry’s capital base. With such a terrifying prospect looming on the horizon, it’s no surprise bankers have their eyes on the world’s last pot of gold — sovereign wealth funds. 2008: The year gold goes mainstream?
Those of us who invest in gold may already consider it to be mainstream, but if you ask most casual investors, more likely than not, they have never really considered buying gold. They may not even know it’s a serious option. For them, perhaps the ubiquitous cartoon image of a bag and big black printed dollar sign comes to mind. But now that ETF’s are beginning to enter the language of typical mutual fund investors, gold bullion has become more accessible than ever. |
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