Here is another short film by Stuart Browning on Health Care in
Saturday, March 29, 2008
Health care in Canada
Thursday, March 27, 2008
State Licensing in Louisiana for Florists
From Forbes
“Most people want to make sure their doctors and lawyers have the proper credentials to work, but should the same be expected of fortune tellers and florists?”
“Regulators in some states think so. If you want to read palms in
Well, if you live in the state of
Since the talk of regulation and regulating has started to become ever so prominent in our country’s collective conversation as of late. We are reminded by the examples above of what state regulators can create: A bureaucracy that easily costs consumers more, and prevents entry into a given industry thereby insulating that industry from competition.
Is it really necessary to require florists to be licensed while those that have been in business before the regulation took affect are “grandfathered” into a license? Is that fair? And does the exam really need to be as difficult as the above article states it is? The trend in the
Wednesday, March 26, 2008
Venezuela is a socialist utopia?
From The Christian Science Monitor
And then there’s the latest escapade regarding Chavez and the Colombian terrorist group FARC. It turns out that Chavez has been funding the terrorist organization and giving it additional support by allowing the group a safe haven in
Inflation in
Yet, despite all of these issues, there are plenty of radical romantics from the far left that will overlook these stark problems. Even if the situation starts to become ripe for civil unrest and suffering, these leftist radicals will continue to believe that redistribution equals justice and equality. The sclerosis that socialism has started to inflict on Venezuelan society is palpable. One hopes that Venezuelans rise up against the repressiveness of Chavez socialism and create a free private enterprise exchange economy: A system that they have never, in their history, enjoyed. And on that day, the leftists and their terrible ideas will go home forever.
Monday, March 24, 2008
Climate Change Hypocrisy
From The Economist
“A year ago they were brimming with selfless idealism. They agreed to make deep cuts in carbon emissions (by a fifth from 1990 levels by 2020), even if other rich countries did not follow. The signal was clear:
Comments: Remember all the snarling in early December that was taking place in
But it seems that the mechanism that the E.U. is using (Emissions Trading Scheme or ETS) to guide it along to a greener economy and a better world is not working as well as was hoped or intended. There are already squabbles and divisions appearing despite the fact that no one will admit it just yet. European industries have been doing a neat end-around the ETS by funding projects in the developing world and have threatened to continue to move some industries abroad.
So now European countries, and their respective industry lobbyists, are calling for a sort of environmental protectionism or eco-tariff on products produced in countries that do not have measures as tough as their own. All while the global economy is slowing. Talk about putting a stake in their own hearts.
But this gets better. In Bali, if you remember, environmentalists and some of the scientists that support their view called for bigger cuts than the
Europe’s ETS is a sort of pilot program for a global carbon trading scheme like
Saturday, March 22, 2008
Smoking linked to poverty again.
From Gallup Poll
Welfare Economics.
From The Economist
Friday, March 21, 2008
Americans In Debt
From CNN Money
"I was a mortgage banker for about 20 years and while it had always been a bit of a rollercoaster ride, it also had some added perks in that I set my own schedules. This gave me time for what I really love to do: Surf."
How Schools Fail Our Children
If you live in the state of
I have great respect for teachers and the teaching profession. But as a parent, when I find out that these sorts of things are going on in public schools, I wonder why there aren’t more teachers speaking out against these teaching methods. It seems to me that the only time I hear from teachers is when there is a threat to their jobs or salaries. And we usually hear from them through their union representative or when they muster their students to lobby for their needs.
Thursday, March 20, 2008
The Coming Depression?
From the
The Los Angeles Times
:"Dysfunctional capital markets, frantic central banks, stressed-out consumers, fear and uncertainty -- all are alarming echoes of the global economic cataclysm of the 1930s."
"Which raises the inevitable question: Could another Great Depression be lurking over the horizon?"
"TV news programs show grainy footage of Depression-era bankers as reporters tick off grim economic statistics. The Federal Reserve invokes powers it hasn't used since the 1930s. Critics of President Bush's economic policies are emboldened to use the H-word: "Hoover." '
Comment: This article points out that the reason a depression is unlikely is due to a Fed that takes an active role when a crisis hits like the Bear Stearns incident. The article doesn’t really outline that when the Fed does bail out failing firms, the taxpayer is the one who is usually on the hook. And some of those taxpayers (some of them struggling to make ends meet) may never benefit from government bailing out a large investment bank. The fed holds a 30 billion dollar liability from Bear Stearns. That's me and YOU.
Wednesday, March 19, 2008
Universal Healthcare Pitfalls.
Who is REALLY uninsured in America?
One More Problem With National Healthcare.
From The Christian Science Monitor
“Healthcare expenditures in the US rose 6.7 percent in 2006 to $2.1 trillion, or 16.1 percent of the nation's total output of goods and services, government economists reported last month. (Last week, the government predicted the nation's healthcare expenditures will reach $4 trillion by 2017.) Most other rich industrial nations, with universal care, spend only 11 to 12 percent of their gross domestic product on healthcare. Canada spends even less, a bit more than 9 percent of GDP, on a single-payer government insurance system for all its people.”
“
Comment: Those individuals that wax poetically about the myriad benefits of universal health care seem to be missing a key fiscal issue that looms large in our national future: As baby boomers start to retire en masse, the ratio of workers to beneficiaries will go from four to one to roughly two to one. The shock to future tax revenue should be cause for some alarm if not rapid action.
Currently, Medicare and Medicaid federal spending is larger that what we spend on national defense. And it is a sure bet that medical costs will continue to rise faster than the rate of inflation. The portion of the federal budget allocated as an entitlement for seniors and the poor as medical care will become a larger percentage of our GDP: According to the Congressional Budget Office, Medicare spending will essentially double from 2007 levels in 10 years and Medicaid spending will nearly do the same. Both programs will consume 12 percent of GDP by 2030. (See CBO study here
.)
Now, knowing that we have a looming fiscal storm looming on the horizon, does it make sense to call for a national health care plan right about now? If we provided health care for everybody in this country, we would expand the federal expenditure to health care far beyond our current and future revenues from tax receipts. We would have to raise taxes so high to cover future expenses that it would surely be a detriment to our economy. Any purported savings that is usually mentioned by universal healthcare advocates from having national health care would hardly matter in an economy that was hamstrung by extremely high taxes.
The true cost of a national health care plan has not really been brought to light this election year. We keep hearing populist rhetoric as presidential candidates try to garner votes from a public that wants easy and quick answers. Most people just want the surface details but none of the dirty underlying economic facts. Too complicated, too many graphs and besides government built the highways and sent a man to the moon. And as usual, we may end up with the government bureaucracy and all of the nasty cost we deserve.
Tuesday, March 18, 2008
Educational suicide
From the The Times Of
:
In 2006, 5,857 students — or 16 a day — committed suicide across
Finland
are spending less (about $7,500) and their students are considered high achievers on several world-wide measurements.
Monday, March 17, 2008
Bio-Fuels are bad for environment.
From
:The Christian Science Monitor
Scientists at the
Saturday, March 15, 2008
Fascists Hate Capitalism.
“Capitalism was seen as a bad episode…the future belonged to the state…all others were to be regulated in a way that would prevent businessmen from exploiting workers and consumers.”
There are plenty of manufacturing jobs.
From ABC NEWS
While millions of jobs making everything from textiles to steel have moved to new power houses like
And in a bad sign for the United States and its declining economic might, that shortage of skilled workers is likely to get worse as Baby Boomers retire, with no younger generation of manufacturing workers to take the baton.
Comment: With all the talk this election season about manufacturing jobs going abroad, the reality is that there is a shortage of highly skilled “blue collar” workers in many industries. And the shortage will be exacerbated as older “blue collar” workers start to retire. Our national obsession to send every kid to college has thinned the ranks of skilled manual labor to the detriment of American manufacturing. Bottom line: There are plenty of jobs in the manufacturing industry for skilled workers and the pay is very good.
Friday, March 14, 2008
Population Control in China continues.
Comment: Those that continually espouse the dangers of population, environmentalists and Malthusians alike, may take some solace in
Thursday, March 13, 2008
The Rule of Law makes you rich!
From
The Economist
Here's a study that will make Libertarians happy. The countries that affirm the rule of law also tend to increase prosperity. Somewhere Milton Friedman is smiling down.
Air Force needs new planes.
From The Economist
At the same time, peer competitors such as
"We used to enjoy a pretty decided advantage over anybody else on the planet, but not so much anymore," Colonel Forester says.
Comment: The F-15 is now 30 years old and it should be on its way to being decommissioned. On November 2, 2007 a Missouri Air National Guardsman, Major Stephen Stilwell, found out how after years of hard stress, the F-15 he was flying over the
A recent Gallup poll showed that 47% of Americans felt that American national defense was not strong enough (41% felt it was just about right while 10% felt that is was stronger than it should be). Although our military intervention in
Wednesday, March 12, 2008
Tuesday, March 11, 2008
The Rise of Bread.
The Boston Globe
: After nearly two decades of low food inflation, prices for staples such as bread, milk, eggs, and flour are rising sharply, surging in the past year at double-digit rates, according to the Labor Department. Milk prices, for example, increased 26 percent over the year. Egg prices jumped 40 percent.
Monday, March 10, 2008
Gold as the new currency?
See a related article on this topic in today's
Wall Street Journal
Sunday, March 9, 2008
Californians will love toilet water.
There are plans to recycle sewer water into drinking water in California. I'm not kidding. See this article at
About.com
Europe has lower corporate tax rates.
Is it time to get rid of the corporate tax? I was watching Larry Kudlow on his “Kudlow and Co.” show the other day when he mentioned this. After doing some snooping around, I was surprised to discover that more than a handful of nations in the European Union have cut their corporate income tax rates over the last several years or so. I was surprised by this since as Americans we tend to view European governments as being high tax and state-welfare havens. In the last six years, 16 E.U. nations have cut their corporate tax rates. Even Tax Foundation
Saturday, March 8, 2008
Unions bankrupt a city!
SFGate
Friday, March 7, 2008
And this little piggy went to market...
The pressure imposed by GOP lawmakers seems to have taken its toll on Democratic house speaker Nancy Pelosi. She has, surprisingly, promised to join the growing rank of brave lawmakers (30 at last count) committed to cutting earmarks for a period of one year: all of 2009. This would be quite a step in the right direction as far as taxpayers are concerned. The amount of pork dished out every fiscal year is lavish and wasteful: Remember the “bridge to nowhere?” Lawmakers from both sides of the fence could garner some iota of respect by saving us-the beleaguered taxpayer-from the pork fat.
Read all about it:
San Jose Mercury News
Bending Light is cool.
"Einstein predicted that the gravity of a massive object such as a galaxy will bend light like a lens. In some cases, the lensing can image distant objects that lie behind the galaxy. Astronomers have studied such gravitational lenses for decades. Now they are ready to turn them into a powerful tool to test the latest theories of the structure and evolution of the universe."
From the Christian Science Monitor
No right to Home Schooling in CA
It seems as if the first amendment has very little weight and meaning in the state of
Incidentally, there is one group that was overjoyed with the decision: The teachers union.
Read the ruling and the article inSFGate
Thursday, March 6, 2008
Chavez is on the move! Part 2
"’I used to believe in [Mr. Chávez], when I still believed he'd do what he promised,’ says Norelys Rangel, a lifelong resident here. Instead, she says, she often can't find milk or rice. In fact, she says, life has gotten harder.”
The Christian Science Monitor
Monday, March 3, 2008
Who needs CAFE standards?
The Wall Street Journal
reports that a weakening economy coupled with high gas prices has started to quench America's thirst for gasoline. High gas prices have even started to push consumers to smaller, fuel-efficient vehicles. It seems that high gas prices do have some positive effects. As long as prices stay high, investment in alternative technology may become attractive. Additionally, when shopping for a car, consumers will prioritize fuel efficiency far higher than they do when gasoline prices take up less of their discretionary income. There is already evidence that Americans are choosing cars with higher fuel standards. In real terms, the free-market is efficiently doing what CAFE standards are meant to accomplish through government mandates and regulation.
Hot Potato!!
The Economist
The danger of Bio-fuels! Part one.
The environmental movement has been pushing the use of Bio-fuels for years and they have succeeded in convincing enough politicians in Washington that it is in America's benefit to create incentives for it's production. Well, they got what they asked for with massive subsidies to produce ethanol going to large agricultural corporations all over the country. One of the unforeseen consequences (remember the Law of Unintended Consequences) of ethanol production is the massive amount of water that is used up during production. See article in
The Economist
Sunday, March 2, 2008
Chavez is on the move!
HERE