For the last twenty years, European Union members regularly snarled at the United States’ policies against illegal aliens as a selfish violation of human rights. But with thousands of screaming demonstrators protesting against depressed wages and carrying fake coffins emblazoned with the names of politicians, EU Labor Ministers in Brussels were forced on December 17th […]
China’s December 15th soft-landing of an unmanned spacecraft on the moon was celebrated by the Xinhua news agency as, “The dream for lunar exploration once again lights up the China Dream”. China’s neighbors saw the action as a nightmare demonstration of China’s ability to launch a Multiple Reentry Vehicle ballistic missile, whose payload can deploy […]
The Field Poll on December 12th reported the number of Californian voters who believe the state is “one of the best places to live” has been cut in half since 1985, dropping from almost 80% to just over 40% today. According to the poll: “Despite this general dissatisfaction a majority of liberals, registered Democrats, and voters living in the nine-county San Francisco Bay Area rate the state as one of the best places to live.” Not surprisingly, less than a third of Republicans, conservatives and voters living in state’s rural Central Valley describe the state in positive terms. But the polling does confirm that over 90% of Californians are in agreement on two important issues, the state’s cost of living is outrageous and job prospects are lousy.
The main-stream media were shocked today when U.S. job growth continued at a very strong pace in November, despite the October government shutdown that ended on October 17th. Employers added 203,000 jobs and the reported unemployment rate fell from 7.3% to 7%, its lowest level since November 2008. Economists had predicted a rise of only […]
China just announced that after 34 years of restricting population growth through its one-child policy, the nation will now allow families to have two children if one of the parents is an only child. The policy “initially produced a population pyramid optimal to economic growth – that is, where the largest segments of the population […]
With the Dow Jones stock index up 115% from March 2009 to an all-time and the number of bearish investors at the lowest point in 25 years, it should not be surprising that this years’ Nobel Prize winning economist, Robert Shiller, would warn over the weekend that greedy investors might be blowing themselves a dangerous […]
California voters are becoming critical of the job Barack Obama is doing as President. According to the latest Field Poll reveals that 51% of California voters approve of the President’s overall performance, but 43% now disapprove. This represents an 8 point increase coming from some of the President’s strongest former supporter groups since July. The […]
China’s Ministry of Defense on November 30th at 10 AM local time began enforcing an expanded Air Defense Identification Zone, which now covers a huge off-shore expanse that includes the disputed oil rich Diaoyu/Senkaku Islands in the East China Sea. Forced to rely the Middle East oil for electrical production, Asian energy costs are surging and supply has become unstable due to the continuing Arab Spring turmoil. With American domestic energy costs falling as supplies surge due to the boom in fracking for shale oil and gas, Chinese manufacturers are becoming economically uncompetitive on a cost basis compared to the U.S. producers. With China, Japan, Taiwan, and South Korea equally desperate to save jobs by exploiting potentially cheap and abundant off-shore oil, energy economics will drive military confrontations in Asia.
Majority Leader Harry Reid and President Barack Obama rallied 52 Democrats and independents to vote to weaken 224 years of protection of minority rights in the Senate by eliminating the filibuster. Now only 51 votes, rather than 60, are required for Senate approval of executive and judicial branch nominees. Complaining that Republican intransigence drove him to use the “Nuclear Option”, Reid argued, “There are currently 75 executive branch nominations ready to be confirmed by the Senate,” he said, “waiting an average of 140 days.” But Republican Senator Susan Collins responded, “I think the minority will rue the day that they broke the rules to change the rules.”
Majority Leader Harry Reid and President Barack Obama rallied 52 Democrats and independents to vote to weaken 224 years of protection of minority rights in the Senate by eliminating the filibuster. Now only 51 votes, rather than 60, are required for Senate approval of executive and judicial branch nominees. Complaining that Republican intransigence drove him […]