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|New Zealand to go to economy-focused election on September 20|
Added: 10.03.2014 5:06 | 0 views | 0 comments
By Gyles Beckford WELLINGTON (Reuters) - New Zealand will hold its general election on September 20, Prime Minister John Key said on Monday, in a vote that is likely to focus on his center-right National Party's economic record. An election for the 120-seat parliament was required by the end of the year, as the government was due to complete its three-year term. He said the date was influenced by a Group of 20 summit due to be held in Australia in mid-November, to which New Zealand has been invited to attend as an observer. Key said his government would campaign on its record of managing the economy, which has emerged strongly from recession and the global financial crisis.
|NKorea: Not a Single Vote Cast Against Kim Jong Un|
Added: 10.03.2014 4:43 | 0 views | 0 comments
North Korean media say elections completed, not a single vote cast against Kim Jong Un
|Castaway returns to El Salvador|
Added: 10.03.2014 3:57 | 0 views | 0 comments
After more than a year adrift in the Pacific Ocean, and after eight years away from his hometown, Jose Salvador Alvarenga is home.
|Populists to make inroads in EU parliament election|
Added: 10.03.2014 2:25 | 0 views | 0 comments
Far-right and populist candidates are expected to make significant inroads in May European Parliament elections, but traditional parties are holding their ground despite debt crisis fatigue. European Commission president Jose Manuel Barroso argued recently it was not "intellectually fair" to say there was a problem with European institutions.
|Jobs Rebound Eases Fear of Spring Stall|
Added: 10.03.2014 1:13 | 0 views | 0 comments
Jobs growth picked up in February as many employers shrugged off snowstorms and bitter cold across much of the U.S., suggesting resilience in the labor market that should allow the Federal Reserve to continue rolling back its bond-buying program.
|Mauldin: The Problem with Keynesianism|
Added: 10.03.2014 0:52 | 0 views | 0 comments
Below is the March 9th "Thoughts from the Frontline" newsletter, republished in full. “The belief that wealth subsists not in ideas, attitudes, moral codes, and mental disciplines but in identifiable and static things that can be seized and redistributed is the materialist superstition. It stultified the works of Marx and other prophets of violence and envy. It frustrates every socialist revolutionary who imagines that by seizing the so-called means of production he can capture the crucial capital of an economy. It is the undoing of nearly every conglomerateur who believes he can safely enter new industries by buying rather than by learning them. It confounds every bureaucrat who imagines he can buy the fruits of research and development. “The cost of capturing technology is mastery of the knowledge embodied in the underlying science. The means of entrepreneurs’ production are not land, labor, or capital but minds and hearts…. “Whatever the inequality of incomes, it is dwarfed by the inequality of contributions to human advancement. As the science fiction writer Robert Heinlein wrote, ‘Throughout history, poverty is the normal condition of man. Advances that permit this norm to be exceeded – here and there, now and then – are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of society, the people slip back into abject poverty. This is known as bad luck.’ “President Obama unconsciously confirmed Heinlein’s sardonic view of human nature in a campaign speech in Iowa: ‘We had reversed the recession, avoided depression, got the economy moving again, but over the last six months we’ve had a run of bad luck.’ All progress comes from the creative minority. Even government-financed research and development, outside the results-oriented military, is mostly wasted. Only the contributions of mind, will, and morality are enduring. The most important question for the future of America is how we treat our entrepreneurs. If our government continues to smear, harass, overtax, and oppressively regulate them, we will be dismayed by how swiftly the engines of American prosperity deteriorate. We will be amazed at how quickly American wealth flees to other countries.... “Those most acutely threatened by the abuse of American entrepreneurs are the poor. If the rich are stultified by socialism and crony capitalism, the lower economic classes will suffer the most as the horizons of opportunity close. High tax rates and oppressive regulations do not keep anyone from being rich. They prevent poor people from becoming rich. High tax rates do not redistribute incomes or wealth; they redistribute taxpayers – out of productive investment into overseas tax havens and out of offices and factories into beach resorts and municipal bonds. But if the 1 percent and the 0.1 percent are respected and allowed to risk their wealth – and new rebels are allowed to rise up and challenge them – America will continue to be the land where the last regularly become the first by serving others.” – George Gilder, Knowledge and Power: The Information Theory of Capitalism “The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.” – John Maynard Keynes “Nothing is more dangerous than a dogmatic worldview – nothing more constraining, more blinding to innovation, more destructive of openness to novelty.” – Stephen Jay Gould I think Lord Keynes himself would appreciate the irony that he has become the defunct economist under whose influence the academic and bureaucratic classes now toil, slaves to what has become as much a religious belief system as it is an economic theory. Men and women who display an appropriate amount of skepticism on all manner of other topics indiscriminately funnel a wide assortment of facts and data through the filter of Keynesianism without ever questioning its basic assumptions. And then some of them go on to prescribe government policies that have profound effects upon the citizens of their nations.
|'Constantine' TV Series Set in New York; Papa Midnite Is the Villain|
Added: 10.03.2014 0:19 | 0 views | 0 comments
Matt Ryan stars as John Constantine in this NBC pilot, which will feature a subplot about Papa Midnite's origins. [...]
|Donaldson Homers for A's in 2-2 Tie With White Sox|
Added: 09.03.2014 23:52 | 0 views | 0 comments
Josh Donaldson hits 1st home run of spring for Athletics in 2-2 tie with White Sox
|Serie A Wrap: Callejon sinks Roma, Juventus equal record|
Added: 09.03.2014 23:48 | 0 views | 0 comments
Jose Callejon's header earned Napoli a 1-0 win over Roma as Rafael Benitez's side closed the gap on the visitors [...]
|Josh Duhamel, Fergie Leave Baby Axl At Home For Lunch Date|
Added: 09.03.2014 21:27 | 12 views | 0 comments
When the baby's away, the parents will play. Josh Duhamel and Fergie snuck in some quality time together on a lunch date at Brentwood's Gaucho Grill on Saturday. They later ran errands in town and Josh stopped to chat...
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