Flawed Assumptions about the Credit Crisis: A Critical Examination of US Policymakers

Published by under Economics

Fraudulent “Credit Crisis” Paves Way for Economic Disaster
By Cliff Kincaid Tuesday, December 16, 2008

Doing the kind of investigative reporting we should expect from the major media, a financial research and consulting firm has released a major analysis of the “credit crisis” that concludes that the claims made by Treasury Department Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke to justify a socialist takeover of the financial industry were demonstrably false.

The analysis, Flawed Assumptions about the Credit Crisis: A Critical Examination of US Policymakers, concludes that the result of the unjustified massive federal intervention in the economy could be similar to the economic crisis in the Weimar Republic of 1922, where disastrous hyperinflation made the currency worthless and threatened the nation’s political system and stability. Continue Reading »

More Than 650 International Scientists Dissent Over Man-Made Global Warming Claims

Published by under Global Warming

By EPW Blog Thursday, December 11, 2008

Study: Sea Levels Fail to Rise – Warming Fears in ‘Dustbin of History’

POZNAN, Poland – The UN global warming conference currently underway in Poland is about to face a serious challenge from over 650 dissenting scientists from around the globe who are criticizing the climate claims made by the UN IPCC and former Vice President Al Gore. Set for release this week, a newly updated U.S. Senate Minority Report features the dissenting voices of over 650 international scientists, many current and former UN IPCC scientists, who have now turned against the UN. The report has added about 250 scientists (and growing) in 2008 to the over 400 scientists who spoke out in 2007. The over 650 dissenting scientists are more than 12 times the number of UN scientists (52) who authored the media hyped IPCC 2007 Summary for Policymakers. Continue Reading »

The End of Pax Americana?

Published by under External Affairs

By John Thompson

There are a lot of people who seem cheered by the weakened status of the United States at the moment. They are fools and one can only hope that if their wishes come to pass, they become the first victims of the world that emerges when the Pax Americana ends. Alas, the universe simply isn’t that fair.

Peace is something whose existence we can construe from the occasional absence of war. In European history, between the creation of the modern nation state with the Treaty of Westphalia in 1648 (which ended the ghastly Thirty Years War) and the final downfall of Napoleon after the battle of Waterloo in 1815, there was scarcely a year without a war going on somewhere on the continent. Continue Reading »

Canada at a Turning Point

Published by under Governance

As we approach the end of a year filled with considerable financial, economic and social turmoil, Canada probably more than most countries may be on the edge of something ominous and transforming. Our country has been predisposed to interventionism from a leftist element for many years. I fear that the “perfect storm” of global circumstances may have now conspired to push Canada into an economic maelstrom from which it will be extremely difficult to emerge, unless our Government stands strong.

I say this not because Canada’s economy is in particularly poor condition. On the contrary, Canada leads the G8 in GDP growth, and is forecast to lead western economies out of recession by 2010. We are not as yet in a recession in the strict definition. The threat is not of an economic nature, but of a political agenda which would push our relatively small country (3% of world GDP) into a lengthy downturn. Continue Reading »

After The Storm

Published by under Governance


From Saturday’s Globe and Mail

E-mail Jeffrey Simpson | Read Bio | Latest Columns
December 5, 2008 at 8:00 PM EST

Now that a sudden and violent storm has passed through Canadian politics, people of all persuasions are trying to sort out what precisely happened, why the convulsion came, what damage was done and what lies ahead.

A Conservative government exists. It had won one confidence vote, but could not win another, and so used prorogation to flee Parliament. The Conservatives appear to have the upper hand in public opinion outside Quebec, but have lost ground in that province.

A Liberal opposition exists. It nominally leads a government-in-waiting coalition with the NDP, supported by the Bloc Québécois. But the Liberals, saddled with a politically inept leader, walked into a trap of their own making from which they do not know how to escape.

The political storm reflected badly on Prime Minister Stephen Harper, whose decisions ignited it, but even worse on Liberal Leader Stéphane Dion, whose impetuous reaction led the party astray. Continue Reading »

Government Truisms

Published by under Governance

Suppose you were an idiot. And suppose
you were a member of Congress. But then
I repeat myself. – Mark Twain
I contend that for a nation to try to tax itself into
prosperity is like a man standing in a bucket and
trying to lift himself up by the handle.
– Winston Churchill
A government which robs Peter to pay Paul
can always depend on the support of Paul.
– George Bernard Shaw Continue Reading »

Red Islands

Published by under Governance

In recent years, the day after every national election, the Toronto Red Star has published maps of the Ontario results. Ridings in which Conservative candidates won were appropriately coloured blue and ridings where Liberal or NDP candidates won were appropriately coloured variants of red; ie. deep pink or coral respectively.

The October 2008 election map of southern Ontario (south of the Mattawa River/Lake Nipissing/French River watersheds, or, the 97 ridings from Parry Sound-Muskoka, Haliburton-Kawartha Lakes-Brock and Renfrew-Nipissing-Pembroke south) is a great big blue sea with some red islands in it. However, the population distribution resulted in about a 50-50 split in ridings – 48 blues and 49 reds. Continue Reading »

Education: by John Hart November 24, 2008

Published by under Education

As in so many other fields, Liberal policy regarding public education is determined not by solid research but by misguided political correctness. Cases in point:

Class Size

Everyone “knows” that reducing the size of classes will improve student achievement. It goes without saying that with more individual attention, a student’s marks must improve. Only thing is that it isn’t true. In the late 1950’s there was a great effort to demonstrate this linkage but study after study, at various grade levels, showed “no significant difference” (which is a statistician’s way of saying that the whole idea is a crock.)

Recently, the McGuinty Liberals in Ontario set a limit on class size. It mandated that no class in Ontario’s public schools should exceed 20 pupils. Immediately, split classes showed up all over the province. Before, if you had 35 kids in a grade, they studied together. After the legislation was passed, if you had two classes of 30 studying under two teachers at two grade levels, you now had to split them into two classes of 20 (one for each grade level) and a split class of 10 at one grade level and 10 at the other. The next teacher you meet, ask her how much is achieved in a split grade and how easy it is to teach.

The expense, of course, was half as much again. In the first instance, you needed only two teachers to teach 60 students. After the law was passed you needed three. Cost of option 2 is one and a half times that of option 1.

Once again, however, union appeasement won out, not only over common sense, but also over empirical research. Continue Reading »

Ontario Lags on GDP

Published by under Economics

November 25, 2008

Ontario lags almost all its North American peers in prosperity and has shown little improvement this decade, a new task force report concludes.

A report by the province’s Task Force on Competitiveness, Productivity and Economic Progress says the province ranked 14th out of 16 regions in North America in terms of per capita gross domestic product in 2007, trailing only Michigan and Quebec.

That’s a modest improvement from 15th position in 2006, but the report says it occurred only because Michigan’s economy was hit hard by the slumping auto industry. Continue Reading »

Goodbye, Charlie Brown. Hello, Bart Simpson

Published by under Education

Students once identified with Schulz’s patient, hard-working also-ran. But today, everyone expects recognition–even if they failCollege and university professors across the country had some fun this past week forwarding to one another a National Post news item regarding the era of entitled students. Ellen Greenberger, a research professor of psychology and social behaviour at the University of California-Irvine published a study examining students’ sense of entitlement; entitlement to good grades and recognition regardless of quality of work or performance. In essence, the study reports that students feel they deserve a decent grade so long as they show up to most classes and at least try. This revelation hardly comes as news to those of us teaching at the post-secondary level.

For well over a decade, students have become increasingly demanding and adamant they should get a pass merely for being on the class list. Educators have become service providers, and students are now consumers in an academic world that is far removed from yesteryear. Continue Reading »

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