DYSPEPSIA GENERATION

We have seen the future, and it sucks.

Archive for March, 2015

USEFUL STUFF SATURDAY

7th March 2015

Ear Scope. (Well, I guess you have to be Japanese….)

Glasses that block facial recognition cameras.

Anti-paparazzi clothing.

Laser-sighted blowgun. You know you want one.

Igloo-Dome Pillow.

The Bow-Tie Book.

Pen-Ultimate 7-in-1 Pen.

Paperspace Computer-in-the-Cloud.

Heated Fleece Travel Blanket. Take a look outside.

Cinder Countertop Grill.

Posted in News You Can Use. | 1 Comment »

ACLU: Cancellation of Redskins Trademark Was Unconstitutional

6th March 2015

Read it.

Which just goes to show that the ACLU isn’t totally useless.

 

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Lockheed Laser Destroys a Truck From a Mile Away

6th March 2015

Read it.

From a mile away, ATHENA burned through the engine of a truck in under a minute. The truck was mounted on a platform with the engine running, to simulate real conditions.

Gettin’ there, gettin’ there….

Posted in Is this a great country, or what? | Comments Off on Lockheed Laser Destroys a Truck From a Mile Away

Which Latin American Country Did China Just Send Commandos To?

6th March 2015

Read it.

There’s a headline you don’t want to see.

Posted in Dystopia Watch | Comments Off on Which Latin American Country Did China Just Send Commandos To?

Looking Over Her Shoulder and Lying About Everything

6th March 2015

Read it.

25-year-old Haifa lives two lives. One as a Muslim and one as an atheist. She no longer believes in God, but does not dare to leave Islam. This is why she leads a double life, one where she lies about where she is and who she’s with. She tells her story in the hope that someday it will cease to be a taboo to leave Islam.

Posted in Living with Islam. | Comments Off on Looking Over Her Shoulder and Lying About Everything

Feds to Charge Senator Bob Menendez With Corruption

6th March 2015

Read it.

He’s a Democrat. Of course he’s corrupt. This is not news.

What’s news is that this administration is actually doing something.

Posted in Your tax dollars at work - and play. | Comments Off on Feds to Charge Senator Bob Menendez With Corruption

Nimrud: Outcry as IS bulldozers Attack Ancient Iraq Site

6th March 2015

Read it.

My, what a surprise! Aren’t you surprised? I’m sure surprised.

And I’ll just be that OUTCRY had a deterrent effect.

Posted in Living with Islam. | Comments Off on Nimrud: Outcry as IS bulldozers Attack Ancient Iraq Site

Game Developer: The Gaming Industry Is Not Doing Enough to Combat Misogyny

6th March 2015

Read it.

A female developer at the heart of a debate over sexism in gaming has a message for those gathered at a prominent industry conference this week: You’re not doing enough to combat misogyny.

Message: ‘I am unhappy and it’s your job to fix it!’

Grow up, girl. Life is full of hardship. You want real hate, try living with being called a Nazi all of your adult life by people who (a) don’t know what the term means and (b) don’t know you well enough to make an accurate judgment about whether it applies.

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Thought for the Day

6th March 2015

Posted in Living with Islam. | Comments Off on Thought for the Day

The Jihad Transformation

6th March 2015

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Back then Bolton was still largely without cultural enrichment. The Pakis, as they were commonly known in the age before PC, had begun their incursions into Bradford and its suburbs, but most of the old industrial towns in the region were still largely inhabited by the English, with some outlanders from Wales and Ireland. Yet in 2014, not only was there a chemistry teacher by the name of Jamshed Javeed at Sharples High School in Bolton, but his life’s dream was to travel to Syria and wage jihad in the way of Allah for the Islamic State.

The before-and-after photos above show Mr. Javeed’s jihad transformation, from a clean-cut reputable young man with a responsible job into a disheveled and hirsute mujahid. Kind of like a hippie in the old days, but without as much emphasis on peace ’n’ love.

Posted in Living with Islam. | Comments Off on The Jihad Transformation

Is Obama a “Secular Muslim?”

6th March 2015

Steve Sailer is not afraid to ask the hard questions.

Even after Obama switched identities in the mid-1980s from multicultural to black, he was attracted to the Islamic aspect of black power. For example, he regularly read the Nation of Islam newspaper put out by Minister Farrakhan, but eventually decided that there was more money in getting white people to put up money for blacks than in Farrakhan’s economic black nationalism. As late as 1994, he attended Farrakhan’s Million Man March in Washington rather than visiting his dying mother, but he seems to have found Farrakhan’s speech embarrassing.

Eventually, he joined Rev. Jeremiah Wright’s megachurch to connect him to the community he hoped to be elected to represent. Obama detailed in his first memoir his thoughts as he joined. His feelings are racial rather than religious.

But, let’s also note that it’s not surprising that Wright had been a Muslim for awhile and that Wright’s church is part of the post-Puritan United Church of Christ, linking Wright to Hiram Bingham I.

So, “secular Unitarian with Muslim sympathies” sounds about right.

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Why I’m a Public-School Teacher but a Private-School Parent

6th March 2015

Read it.

Evidently White Guild only goes so far.

It’s always amusing to see Voices of the Crust wracked with angst when they act in accordance with their private interest rather than The Narrative.

Posted in Whose turn is it to be the victim? | Comments Off on Why I’m a Public-School Teacher but a Private-School Parent

Nano-Coating Makes Self-Cleaning Surfaces That Are Tougher Than Knives

5th March 2015

Read it.

“Commercial hydrophobic surfaces aren’t that robust,” Yao Lu, lead author of the study, tells Popular Science. He says the materials are expensive and don’t last for very long before they become ineffective. As an alternative, Lu’s team worked with titanium dioxide nanoparticles, a material also found in sunscreen. It’s cheap and easily accessible for labs. In a study published today in the journal Science, the researchers tested the coating not only for how well it kept itself clean, but also how it handled contact with oil and damage.

To test it out, the team sprayed the nano coating onto steel, glass, cotton wool, and filter paper, and measured how well those things resisted water compared to untreated materials. Then the researchers assaulted the materials with a battery of tests, covering the surfaces with oil and dirt, even scratching it with sandpaper and knives. But the water-repelling material maintained its self-cleaning properties despite all that. The results were much more promising than most commercial self-cleaning surfaces, which often become impaired when contaminated or damaged.

Posted in News You Can Use. | Comments Off on Nano-Coating Makes Self-Cleaning Surfaces That Are Tougher Than Knives

Sponsors Can Now Fund Remote-Controlled Weapons for War in Remotely Controlled Lands.

5th March 2015

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Ukraine is embroiled in a civil war against Russian-backed separatists, and some volunteers on the pro-Ukrainian side have set up a crowdfunding page for people to fund a tiny robot tank. Dubbed “The People’s Project,” the initiative is currently 73 percent of the way toward raising the $8,000 needed to complete the machine.

Posted in Think about it. | Comments Off on Sponsors Can Now Fund Remote-Controlled Weapons for War in Remotely Controlled Lands.

Stethoscope Gets Smart

5th March 2015

Read it.

The Eko Core is a digital device that attaches to a regular stethoscope, allowing medical practitioners to visualize, record, play back, share and analyze heart sounds. The device is linked via Bluetooth, through Eko’s smartphone app and HIPAA-compliant web portal, to an array of cloud-based digital tools. They enable clinicians to analyze heartbeats, access audio visualization, attach heart sound reports and recordings to most major Electronic Health Records, and securely store the digitized cardiac information.

Posted in Is this a great country, or what? | Comments Off on Stethoscope Gets Smart

Thought for the Day

5th March 2015

From Scott Adams, of course.

image

The ‘automated bits’, of course, are markets. The ‘organic bits’ are increasingly dominated by government bureaucrats and consequently getting more and more, well, tired, incompetent, and dishonest. But you knew that….

Posted in Is this a great country, or what? | Comments Off on Thought for the Day

What Does Shipwrecked 170-Year-Old Beer Taste Like?

5th March 2015

Read it.

Just in case you were wondering. I know I was.

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Why Full-Fat Dairy May Be Healthier Than Low-Fat

5th March 2015

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More ‘consensus science’ down the Memory Hole. (When are they going to connect the dots and do the same with ‘climate change’?)

Posted in Think about it. | Comments Off on Why Full-Fat Dairy May Be Healthier Than Low-Fat

The Sharon Statement

5th March 2015

In memory of M. Stanton Evans. RIP.

Adopted in conference at Sharon, Connecticut, September 11, 1960

In this time of moral and political crises, it is the responsibility of the youth of America to affirm certain eternal truths.

We, as young conservatives, believe:

That foremost among the transcendent values is the individual’s use of his God-given free will, whence derives his right to be free from the restrictions of arbitrary force;

That liberty is indivisible, and that political freedom cannot long exist without economic freedom;

That the purpose of government is to protect those freedoms through the preservation of internal order, the provision of national defense, and the administration of justice;

That when government ventures beyond these rightful functions, it accumulates power, which tends to diminish order and liberty;

That the Constitution of the United States is the best arrangement yet devised for empowering government to fulfill its proper role, while restraining it from the concentration and abuse of power;

That the genius of the Constitution—the division of powers—is summed up in the clause that reserves primacy to the several states, or to the people, in those spheres not specifically delegated to the Federal government;

That the market economy, allocating resources by the free play of supply and demand, is the single economic system compatible with the requirements of personal freedom and constitutional government, and that it is at the same time the most productive supplier of human needs;

That when government interferes with the work of the market economy, it tends to reduce the moral and physical strength of the nation; that when it takes from one man to bestow on another, it diminishes the incentive of the first, the integrity of the second, and the moral autonomy of both;

That we will be free only so long as the national sovereignty of the United States is secure; that history shows periods of freedom are rare, and can exist only when free citizens concertedly defend their rights against all enemies;

That the forces of international Communism are, at present, the greatest single threat to these liberties;

That the United States should stress victory over, rather than coexistence with, this menace; and

That American foreign policy must be judged by this criterion: does it serve the just interests of the United States?

Posted in Is this a great country, or what? | Comments Off on The Sharon Statement

Saudis Ask for Pakistani Troops

5th March 2015

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Saudi Arabia has requested an as-of-yet unspecified number of troops from Pakistan to assist it in securing the Kingdom, raising the prospect that the leading Gulf state might, in fear of Iran’s growing conventional and nuclear threat, turn to its nuclear-armed, Sunni ally with the big army for help.

Now there’s a scary thought….

Posted in Living with Islam. | Comments Off on Saudis Ask for Pakistani Troops

Chicago Meter Maids Stop for No One

5th March 2015

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A friend snapped a photo of this van, parked down the street from her Chicago apartment. It’s obviously severely burned. “The entire inside was reduced to ashes, the windows shattered from the force of the heat,” she writes. And yet, “tucked behind the skeletal remains of a melted windshield wiper,” what did she spy?

A city of Chicago parking ticket, obviously.

Just doin’ my job, man….

 

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Idiot Party Should Go to Plan B—Defang Obamnesty by Abolishing Birthright Citizenship

5th March 2015

John Derbyshire, Patron Saint of Dyspepsia, speaks for all right-thinking folks.

We really need to retire the epithet “The Stupid Party” for the GOP. The DHS funding fiasco plainly shows that “stupid” is too mild an adjective to describe the Congressional Republican leadership.[John Boehner ends stalemate, Politico, March 3, 2015]

I turned to my thesaurus in hopes of finding something more apt. Alas; in this age of microaggressions, of mimosa-like sensitivity to offense, the stronger adjectives—“retarded,” “moronic,” “imbecilic,” “cretinous”—are out of bounds.

“Idiotic” is borderline acceptable, and it brings with it a helpful mental image of the gibbering snaggle-toothed Village Idiot; so I’ll take a venture on “idiotic” for the GOP congresscritters.

Hear, hear. Although ‘chickenshit’ does recommend itself.

One thing we learn is the mighty power of a Democratic President. Mass Amnesty for low-skilled illegal aliens is of great importance to the future of the Democratic Party.

On an issue of that nature, a Democratic President can rely on well-nigh solid support from his party in both houses of Congress, as well as—of course—from the Main Stream Media, the universities, the law schools, Hollywood, etc., etc.

There are no patriotic qualms in any of those areas of support. This is now the transnationalist post-American party. Blue Dog Democrats are a fading memory.

As is America, as it was until recently. The increasing scope of the Welfare State, coupled with the capture of the institutions of education and communication by the Crust, has explosively grown the Dependent Underclass that will keep them in power for as far as the eye can see or the mind contemplate.

Posted in Dystopia Watch | Comments Off on Idiot Party Should Go to Plan B—Defang Obamnesty by Abolishing Birthright Citizenship

Basic Cable

5th March 2015

Mark Steyn looks at Congressional Republicans below the fold.

John Boehner and Mitch McConnell are so good at folding Obama should hire them as White House valets.

I think he did. But don’t worry. We’re now being told: hey, relax, this whole illegal-executive-action amnesty thing can be left to the courts – just like Obamacare.

Hmm. The impressively rubber-jointed contortions of a constitutional court are one of the differences between America and most of the rest of the west, and they are not without their entertainment value. But they seem less and less relevant as the ruling party’s contempt for law grows ever more open. At the dawn of the Obama era, Americans used to be warned that, if they weren’t careful, they’d wind up like Europe. But, whatever one feels about it ideologically, the Swedes come by their Big Government more or less honestly. America seems to have bypassed Continental social democracy and gone full-blown Latin-American banana republic.

Posted in Dystopia Watch | 1 Comment »

The Bizarre Way Economists Calculate Real Income

5th March 2015

Read it.

Over the years I’ve argued that economists are horribly confused about the concept of “income.” They use income for tax incidence discussions and also economic inequality, whereas on theoretical grounds consumption is clearly the appropriate variable. And yet until a few minutes ago I never realized just how confused we were (which I guess means I was equally confused).

Heavily theoretical, but worth the effort.

Posted in Think about it. | Comments Off on The Bizarre Way Economists Calculate Real Income

The Political Assault on Climate Skeptics

5th March 2015

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Individuals and organizations highly vested in disaster scenarios have relentlessly attacked scientists and others who do not share their beliefs. The attacks have taken a threatening turn.

As to the science itself, it’s worth noting that all predictions of warming since the onset of the last warming episode of 1978-98—which is the only period that the United Nations Intergovernmental Panel on Climate Change (IPCC) attempts to attribute to carbon-dioxide emissions—have greatly exceeded what has been observed. These observations support a much reduced and essentially harmless climate response to increased atmospheric carbon dioxide.

In addition, there is experimental support for the increased importance of variations in solar radiation on climate and a renewed awareness of the importance of natural unforced climate variability that is largely absent in current climate models. There also is observational evidence from several independent studies that the so-called “water vapor feedback,” essential to amplifying the relatively weak impact of carbon dioxide alone on Earth temperatures, is canceled by cloud processes.

There are also claims that extreme weather—hurricanes, tornadoes, droughts, floods, you name it—may be due to global warming. The data show no increase in the number or intensity of such events. The IPCC itself acknowledges the lack of any evident relation between extreme weather and climate, though allowing that with sufficient effort some relation might be uncovered.

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The Bush Dynasty’s Central Project Since 1953

5th March 2015

Steve Sailer is on the case.

With Jeb Bush much in the news, it’s worth recalling how central to the Bush Dynasty has been the goal of integrating Mexico into the North American economy ever since 1953 when George H.W. Bush co-founded the Zapata Corporation. (It’s not surprising that George W. Bush named his little oil company Arbusto, or Bush in Spanish.)

I love the smell of conspiracy in the morning.

Posted in You can't make this stuff up. | Comments Off on The Bush Dynasty’s Central Project Since 1953

The Gold Bar as Big as the Ritz

5th March 2015

Read it.

Let’s suppose the United States had to pay off its accumulated debt in gold. How much gold would that be, based on today’s market prices?

A standard gold bar that weighs a kilogram measures 80mm × 40mm × 18mm, or 3.15? × 1.58? × 0.71?.

The spot price of gold is about $1,200 per ounce, which is $19,200 per pound, or $38,400,000 per ton.
A ton is approximately 907 kilos, so there would be 907 one-kilogram bars in a stack of gold weighing a ton.

The national debt is over $18,000,000,000,000 and climbing rapidly, but I’ll peg it at $18 trillion, just to make the calculations easier.

When I looked into how much gold would be needed to add up to $18 trillion, the scale of the resulting graphic would have been too exaggerated to make visual sense — the astronaut standing next to the gold bar would have been too tiny to be recognizable in a normal-sized image. The calculations below are based on paying off one quarter of the national debt, or $4,500,000,000,000 ($4.5 trillion).

To determine the number of tons of gold needed for the payoff, we divide $4,500,000,000,000 by $38,400,000 per ton, arriving at an approximate figure of 117,188 tons. At 907 kilos per ton, 106,310,712 one-kilo gold bars are required.

The bars in the resulting pile would be stacked 474 long, 474 wide, and 474 high. Using the dimensions of each individual bar as given above, the rectangular solid formed by the whole pile would be 37.9m × 19m × 8.5m, or 124 feet long, 62 feet wide, and 28 feet high.

That’s as big as a McMansion, but remember: it represents only 25% of the national debt. Four of those piles taken together would be as big as the Ritz.

Posted in Dystopia Watch | 1 Comment »

Advantages of Striker-Fired Pistols

5th March 2015

Read it.

Just in case you were wondering. I know I was.

Posted in Think about it. | 1 Comment »

Injectable Enzyme Stops Wounds From Bleeding

4th March 2015

Read it.

The researchers, from the University of Washington, created a synthetic material that can be injected when a person is losing a lot of blood. The material, PolySTAT, mimics the body’s enzyme Factor XIII, which helps the fibrin strands cement a blood clot. The researchers tested PolySTAT on a small amount of blood and found that it clotted much more quickly and effectively with PolySTAT; in a separate test on rats that had a major wound in an artery, the researchers found that the rats that didn’t receive an injection of PolySTAT lost 11 times more blood than did the treated rats.

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What Happens if the High Court Strikes Down Obamacare Subsidies?

4th March 2015

Read it.

Well, for one thing, that’s another welfare program that won’t be costing the taxpayers money.

For another, people might realize that the Affordable Care Act isn’t.

But I doubt it.

Posted in Your tax dollars at work - and play. | Comments Off on What Happens if the High Court Strikes Down Obamacare Subsidies?

5 Unnecessarily High-Tech Ways to Order a Pizza

4th March 2015

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If there is one thing that has driven humanity forward in the last several centuries of technological progress, one thing that we’ve striven for above all others, one thing to which we bring our ingenuity and prowess to bear upon with laser-like focus, it is ordering pizza.

Let’s take a break from the slow-motion train wreck that it Barack Obama, Hillary Clinton, and Eric Holder.

Posted in Is this a great country, or what? | Comments Off on 5 Unnecessarily High-Tech Ways to Order a Pizza

White House Says Clinton Did Not Heed E-mail Policy

4th March 2015

Read it.

Did she lose her job? No.

Will she go to jail? No.

Will anything at all bad happen to her other than perhaps some criticism should she run for President? No.

“You do not need a law degree to have an understanding of how troubling this is,” Gowdy told reporters at a news conference. “One should also be concerned about the national security implications of former secretary Clinton using exclusively personal e-mail accounts for the conducting of official U.S. foreign policy.”

I got yer ‘troubling’ … right here.

Welcome to the world of the Crust.

Posted in Dystopia Watch | Comments Off on White House Says Clinton Did Not Heed E-mail Policy

Food Freedom Win in Wyoming

4th March 2015

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“The purpose of the Wyoming Food Freedom Act is to allow for the sale and consumption of homemade foods, and to encourage the expansion of agricultural sales by farmers markets, ranches, farms and home based producers,” the legislation states. It applies to food sales that take place directly between produer and consumer, where products are bought for home consumption, and does not apply to meat except for poulty.

The new law takes “local foods off the black market,” said Lindholm. “It will no longer be illegal to buy a lemon meringue pie from your neighbor or a jar of milk from your local farm.”

A step in the right direction.

Posted in News You Can Use. | Comments Off on Food Freedom Win in Wyoming

More Efficient Photosynthesis Transferred From Corn Into Rice: Could Boost Yields 50 Percent

4th March 2015

Read it.

The Hate-Humanity eco-Nazis, of course, will be up in arms — and Washington.

Posted in News You Can Use. | Comments Off on More Efficient Photosynthesis Transferred From Corn Into Rice: Could Boost Yields 50 Percent

The Enemy of My Enemy

4th March 2015

Mark Steyn sums it all up for you.

Our leftie friends at Mother Jones put it this way:

Benjamin Netanyahu just mansplained Iran to Obama

Er, okay. Glad you said that because there’d be no end to it if some rightie guy sneered that Obama was our first female president.

For what it’s worth, I prefer mansplaining to ‘Bamsplaining, where he peddles a lot of gaseous pap interrupted by cheap digs at straw men and all delivered in that set-your-watch-by-it left-right prompter-swivel. (To stick with the Mother Jones shtick, real men don’t use prompters.)

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Bill Seeking Congressional Iran Review Hits Partisan Rocks

4th March 2015

Read it.

The two lead Senate Democrats on a measure giving Congress oversight over any nuclear deal with Iran balked Tuesday when Senate Republicans moved to fast-track the bill through the chamber.

‘Hey, we weren’t serious about that…!’

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Two Kinds of Campus Rape

4th March 2015

Steve Sailer brings up some inconvenient truth.

One distinction that I haven’t seen made is the potential legal distinction in university responsibility between the actions of run-of-the-mill male students admitted en masse and of large, strong, aggressive athletes personally recruited by the university’s highest paid employees under lowered academic and behavioral standards.

What the media wants is to crucify the Haven Monahans lurking under every bed, but instead it keeps coming up with real scandals involving black jocks.

For example, consider the case of basketball player Brandon Austin *, who was suspended for a year from the Providence’s basketball team after being accused of sexual assault. Austin was immediately recruited by U. of Oregon basketball coach Dana Altman, who has a seven year contract with the U. of Nike paying almost $2 million per year.

But a few weeks after showing up at the Oregon campus, Austin was accused of sexual assault again.

Posted in Dystopia Watch | Comments Off on Two Kinds of Campus Rape

It’s Raining Taxes in Maryland

3rd March 2015

Read it.

In Maryland, the government has decided to tax residents for the privilege of having rain fall on their property.  For the past 5 years, Maryland has taxed residents for simply having a roof over their heads.  In order to comply with EPA regulations, the Maryland State legislature has implemented a “rain tax.”  According to Forbes,

“This tax is an annual fee on impervious surfaces such as roofs, driveways, sidewalks, garages, and any other surface that could create drainage problems and water contamination situated on property owned by an individual or a business.”

Because of the nature of this regulation, it only affects nine counties and the city of Baltimore; making them responsible for paying the fee.  Along with being intrusive and frivolous, the “rain tax” is implemented differently in each county.  This makes it difficult for Marylanders to correctly follow the law.  For example,  Charles County levies a flat fee of $43 per property, while Montgomery County has fee rates ranging from $29.17 to $265.20 depending on size of impervious surfaces.

Posted in Your tax dollars at work - and play. | Comments Off on It’s Raining Taxes in Maryland

School for Jihad in Quebec

3rd March 2015

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Adil Charkaoui is a culture-enriching “Canadian” who has managed to get himself in a spot of bother with the Quebec authorities. He says they are being unfair to him with their accusations that his Arabic schools promote violent extremism.

Posted in Living with Islam. | Comments Off on School for Jihad in Quebec

Feds Raid California ‘Maternity Hotels’ for Birth Tourists

3rd March 2015

Read it.

But they can’t be bothered deporting illegal alien criminals. Sounds kinda racist to me.

I have a question: How does this differ from the ‘anchor babies’ that illegal immigrants from Mexico keep dropping? Where’s the ‘sting’ in that?

Posted in Your tax dollars at work - and play. | Comments Off on Feds Raid California ‘Maternity Hotels’ for Birth Tourists

These Americans Return to Iraq as Christian Warriors Against Islamic State

3rd March 2015

Read it.

“Jesus tells us what you do unto the least of them, you do unto me,” said the 28-year-old from Detroit who served an extended tour in Iraq in 2006 and 2007. He asked for his surname not to be published, to protect his family at home. “I couldn’t sit back and watch what was happening, women being raped and sold wholesale.”

So in December he traveled to northern Iraq, where he joined a growing band of foreigners leaving behind their lives in the West to fight with new Christian militias against the Islamic State extremist group. The leaders of those militias say they have been swamped with hundreds of requests from veterans and volunteers from around the world who want to join them.

Sauce for the goose….

Posted in Is this a great country, or what? | Comments Off on These Americans Return to Iraq as Christian Warriors Against Islamic State

Venezuela Fights American Shale with Profanity

3rd March 2015

Read it.

It’s easy to understand why Venezuela is unhappy with American shale production. After all, the flood of new crude coming out of the U.S. has contributed to the global oversupply that has led to the precipitous fall in oil prices, which has crippled Venezuela’s economy. Before the price crash, Caracas needed an oil price of at least $122 per barrel to balance its budget, and with crude now hovering around $60 per barrel, Venezuela is hurtling toward default.

But while it publicly blames the United States for innovating its way back into relevance as one of the world’s biggest crude suppliers, privately Venezuela might be more concerned with its fellow OPEC member Saudi Arabia, which has insisted on not cutting production in response to the price slide, essentially consigning its fellow petrostates to budget crises while it weathers the storm on the back of an enormous sovereign wealth fund in a bid for market share. Surely Maduro has some four-letter words reserved for Riyadh as well.

Posted in Whose turn is it to be the victim? | Comments Off on Venezuela Fights American Shale with Profanity

The Mumbo-Jumbo of ‘Middle-Class Economics’

3rd March 2015

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In the “Economic Report of the President” released on Feb. 19, the White House’s Council of Economic Advisers defines “middle class economics” primarily by the average income of the bottom 90%. “Average income for the bottom 90 percent of households,” according to the ERP, “functions as a decent proxy for the median household’s income growth.”

This is absurd: The average income for the bottom 90% is not a decent proxy for the median nor even a decent measure of household income. It is instead a roughly fabricated estimate of pretax “market income” reported on tax returns that falls below some threshold for the top 10% ($114,290 in 2013). But this dodgy number does serve as the basis for CEA Chairman Jason Furman ’s assertion a day later on the Vox blog that the U.S. has suffered a “40-year stagnation in incomes for the middle class and those working to get into the middle class.”

The measure has become popular on the left. Sen. Elizabeth Warren (D., Mass.) recently asked an AFL-CIO conference, “Since 1980, guess how much of the growth in income the [bottom] 90% got? Nothing. None. Zero.” NPR displayed the same bottom 90% data and stretched it even further, claiming that “after 1980, only the top 1% saw their incomes rise.”

The source cited in the ERP for the claims about stagnating average incomes is the World Top Incomes Database. The U.S. data come from economists Thomas Piketty and Emmanuel Saez, the same source cited by Sen. Warren and NPR.

Hey, if there isn’t a problem, they won’t get any support for ‘fixing’ it. The technical term for that is ‘tendentious’. Not to mention ‘partisan’.

Amazingly, these same statistics also show there has been no increase for the “bottom” 90% since 1968. Measured in 2013 dollars, average income of the bottom 90% was supposedly $32,730 in 1968, $32,887 in 1980, $35,326 in 2007 and $32,341 in 2013.

This is totally inconsistent with the data the Bureau of Economic Analysis uses to calculate GDP. For example, real personal consumption per person has tripled since 1968 and doubled since 1980, according to the BEA. Are all those shopping malls, big box stores, car dealers and restaurants catering to only the top 10%? The question answers itself.

Posted in Axis of Drivel -- Adventures in Narrative Media | Comments Off on The Mumbo-Jumbo of ‘Middle-Class Economics’

Netanyahu’s Moment

3rd March 2015

Read it.

President Obama’s outrage at Prime Minister Netanyahu is undoubtedly genuine, but every ground presented for it by the administration for it is a transparent pretext. One such ground is Netanyahu’s appearance before Congress within a few weeks of Israeli elections. The timing of the speech, however, is rather obviously dictated by the administration’s March 23 deadline for the outline of a final agreement with Iran. Obama’s outrage is keyed to Netanyahu’s opposition to the terms of the coming deal and his desire to explain his opposition to the American people before it is presented to them as a fait accompli.

Yesterday Secretary of State Kerry and others warned Netanyahu not to reveal details of the coming deal in his speech to Congress. One can only wonder why such details are to be kept from Congress and the American people when they have been entrusted to the mullahs.

Actually, one need not wonder. One can reasonably infer that Obama seeks to present a bad deal to Congress and the American people as a given fact.

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Inside Alibaba, the Sharp-Elbowed World of Chinese E-Commerce

3rd March 2015

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Faking orders, or “brushing,” as it is called in China, involves paying people to pretend to be customers. It lets vendors pad their sales figures and, in theory, boost their standing on online marketplaces, which often give more prominence to high-volume sellers with good track records.

Typically, vendors pay brushers the cost of the products they are ordering, plus a fee. The brushers place the orders and make payments using that money. The vendors then ship boxes that are empty or full of worthless trinkets, while the brushers write glowing reviews.

The practice is considered a form of false advertising, which is prohibited in the U.S. and China. Chinese sellers found doing so face fines and restrictions on their business. But Mr. Cui, who asked to be identified only by his last name, said he relied on fake orders because he felt there was no other way for his products to be seen.

Brushing puts Alibaba at risk of further regulatory scrutiny following its $25 billion initial public offering in September, and calls into question the volume of transactions actually conducted on its platforms, a metric analysts cite in saying it is the world’s largest e-commerce platform. Alibaba says it doesn’t condone fake transactions and that it scrubs them from reporting on merchandise volume, which amounted to 1.68 trillion yuan ($274 billion) for its two main shopping platforms, Taobao and Tmall, in the fiscal year ended March 2014.

Note the Crustian logic: Merchants engage in fraud, but it’s Ali Baba that gets ‘further regulatory scrutiny’. For the Crust, any bad thing is just another excuse to increase their meddling.

Posted in Dystopia Watch | Comments Off on Inside Alibaba, the Sharp-Elbowed World of Chinese E-Commerce

Good Samaritans Warned: Stop Giving Away Free Things or Face $1,000 Fine

2nd March 2015

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In Sacramento, a group of charitable housemates has been holding free giveaways on their front lawn. All recently homeless, the housemates say they benefitted from the kindness of strangers in their times of need and now want to pay the goodwill forward by distributing donated goods to others. But the city is trying to shut down the operation, which it says counts as an illegal garage sale.

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Thought for the Day

2nd March 2015

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The Swedish Way of Life

2nd March 2015

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Sweden’s resettlement assistants are supposed to help immigrants learn the language, assist them in filling out paperwork, and generally help them fit into Swedish society. But the government says many of them instead were recruiting people to fight alongside terrorist groups such as ISIS. It has disbanded the entire network of resettlement assistants.

My, what a surprise! Aren’t you surprised? I’m sure surprised.

Posted in Living with Islam. | Comments Off on The Swedish Way of Life

Is the Government Mandating Incompetent Banking?

2nd March 2015

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For years, I heard from my friends in the banking industry that the government was requiring them to make bad loans. They could stand it, on account of Freddie and Fannie taking the risk off their hands and transferring it to the taxpayers, at least as far as mortgages were concerned, although the bad loans didn’t end there. We all know how that turned out.

Dodd-Frank, legislation that was passed ostensibly to prevent future financial collapses, in fact institutionalized bailouts and bad banking practices.

Banking is increasingly intertwined with government. We are steadily approaching the national socialist ideal in which all industries, while nominally private, are subordinate to government.

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Loretta Lynch’s Secret Prosecutions

2nd March 2015

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The office headed by the woman poised to become the next attorney general has used an unusual method to keep many of its prosecutions hidden from the public, an NBC News investigation has found.

Federal prosecutors in New York’s Brooklyn-based Eastern District pursued cases against secret, unnamed “John Doe” defendants 58 times since Loretta Lynch became head prosecutor in May 2010. Two of the 58 are terrorism cases.

Eastern District prosecutors have also sought permission to close the courtroom to the public for 11 different Doe cases during the same period, and judges have granted permission in at least 10 of the cases, as recently as February 12.

Critics are concerned the practice may infringe the Constitution’s guarantee of a public trial.

Oh, ya think?

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