You are browsing the archive for 2014 November 11.

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On Secession: the Next Mises Circle Is Coming in January

November 11, 2014 in Economics

By Ryan McMaken

Houston2014ad

Coming in January, the Mises Institute will be in Houston, Texas to explore secession’s role in safeguarding freedom and free markets. Secession movements both past and present will be explored, as well as the usefulness of secession in forcing states to embrace free trade, peace, and more open economies.

With the rise of secessionist movements in Scotland, Italy, and Spain, even the American media has been forced to recognize that secession is international in nature with a long history both in Europe and the Americas. Internationally, secession movement continue to grow.

Join Ron Paul, Lew Rockwell, Tom Woods, and Jeff Deist for a one-day seminar on breaking away from the central state. Sessions begin at 10:00 a.m. and end at 3:00 p.m. Large selections from the Mises Bookstore will be available for purchase. Speakers are happy to autograph books. Questions: Call the Mises Institute at 334-321-2100 or 800-636-4737 or email Pat Barnett.

Donations to sponsor student scholarships are welcomed.  (Students: See scholarship application at the link.)

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Source: MISES INSTITUTE

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“Why Would You Kill Her?”: Michigan Police Shoot Woman During Response to Domestic Dispute

November 11, 2014 in Blogs

By Jenny Kutner, Salon

The boyfriend of a woman who was shot dead by Ann Arbor police is raising questions about the use of lethal force.


The boyfriend of a Michigan woman who was shot and killed by Ann Arbor police over the weekend is speaking out about law enforcement’s’ failure to use nonlethal force to intervene in the ultimately fatal domestic dispute. Victor Stephens, whose girlfriend of nine months was living with him when she was shot in his home on Sunday, says he only called police for assistance escorting the woman (whose name has not yet been released) from the home, according to MLive.

“Why would you kill her? He shot her in the head and in the chest,” Stephens said. “It was a woman with a knife. It doesn’t make any sense.”

Police reportedly found the woman with a fish knife when they confronted her late Sunday evening, prompting one officer to fire at her. Stephens, who was in a separate room, did not witness the shooting, but did hear gunshots.

“Where were the Tasers at? She wasn’t going to kill anybody with a knife,” he said. “That’s unnecessary.”

Michigan State Police have announced an investigation into the shooting, about which few details have been released. As of Monday, law enforcement officials maintained that the officers responded with shots after the woman approached him with a weapon. According to Stephens, she has three children between the ages of 12 and 19.

 

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Source: ALTERNET

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My Lesbian Mom Died Terrified of Going to Hell Because of Religion

November 11, 2014 in Blogs

By Vanessa Mártir, Huffington Post

For years I was told that my family was living in sin, that my two mothers were immoral and disgusting and going to hell, that no one's born gay.


I once punched a girl in the face for saying, “You're dirty like your lesbian moms,” all because a boy she liked was interested in me. I didn't think about it; I just swung. Then I dared her to say it again. She didn't. She knew better.

I was raised in a gay relationship in the '70s and '80s, long before Heather Has Two Mommies hit the mainstream in the '90s and just a few years after the American Psychiatric Association took homosexuality off the list of mental disorders in 1973.

For years I was told that my family was living in sin, that my two mothers were immoral and disgusting and going to hell, that no one's born gay.

When I went to boarding school at 13, I didn't tell anybody about my family. I convinced myself that I just didn't want to deal with it. What would people say? How would they treat me? I was carrying my own shame.

* * *

I was orphaned when my mother Millie died nine years ago. My biological mother went back to being a Jehovah's Witness and now says she regrets being with Millie for 20-some-odd years. “Les di un mal ejemplo,” she says. That's bullshit. Millie is the reason I'm sane.

See, Millie is the one who loved me — tender, unconditional, I-believe-in-you love. My biological mother hasn't spoken to me in months. She's done that so many times throughout my life — almost 39 years. That's how she punishes me. She denies me her love.

* * *

Millie always wore a black Kangol and a pair of worn jeans — so worn the outline of her wallet was visible on her left black pocket like someone had traced the square with chalk. She carried a ring with a thousand keys on the belt loop on her right hip, and she always had beads of sweat above her lip and on the bridge of her pointy Castillian …read more

Source: ALTERNET

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Pakistan and the Problem of Military Aid

November 11, 2014 in Economics

By Ryan McMaken

Bomber

Mises Daily Tuesday by Salmaan A. Khan:

Since the 1950s, the United States has helped build and prop up Pakistan’s socialist military corporate state. But unfortunately for many average Pakistanis, a military economy is just another type of crony capitalism.

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Source: MISES INSTITUTE

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War Making and Class Conflict

November 11, 2014 in Economics

By Ryan McMaken

6959

Mises Daily Tuesday by Joseph Salerno:

War is the outcome of class conflict inherent in the political relationship — the relationship between ruler and ruled, parasite and producer, tax-consumer and taxpayer. The parasitic class makes war with purpose and deliberation in order to conceal and ratchet up their exploitation of the much larger productive class.

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Source: MISES INSTITUTE

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Wars and Central Banks

November 11, 2014 in Economics

By Ryan McMaken

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Both of these quotes came from Ron Paul’s great book, ‘End The Fed’. TODAY ONLY SAVE $5.00 OFF THE RETAIL PRICE OF END THE FED! (reg $15) You can buy your copy of End the Fed here:http://store.mises.org/End-the-Fed-P619.aspx

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Source: MISES INSTITUTE

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The Common Laundry Ingredient That Is Poisoning Children

November 11, 2014 in Blogs

By Cliff Weathers, AlterNet

More than 17,000 small children were harmed by single-use detergent packages in just over a year.


Kids often see the bright red and blue of laundry pods and mistake them as candy, and they’re heading to emergency rooms in alarming numbers.

More than 17,000 incidents of children ingesting laundry-detergent packages had been recorded by poison-control centers across the nation between 2012 and 2013, according to a report in the journal Pediatrics. One child has even died after ingesting the ingredients of the pods.

Laundry pods, which are jaw-breaker sized single-use containers of concentrated liquid detergent, have a flexible outer membrane that can easily be perforated by young children trying to bite into them, says the study.

The pods, which often come in bright multi-color combinations, to show that cleaning ingredients will be mixed in the wash, may resemble hard candies or even the teething toys often given to children.

The study showed that over a period of 13 months, between March 2012 and April 2013, 17,230 cases were reported of children under the age of six who had been poisoned by the pods after biting into them. Across the nation, that’s about one child per hour being harmed by the packets.

The journal reports that among all children exposed to the contents of laundry pods, half them were treated at home, while 35% were treated by a health-care facility. The journal reports that 7.5% of the children experienced a “moderate or major medical outcome” and that 4.4%  of the children were hospitalized. Children between one- and two-years old accounted for 64.8% of the cases.

Alarmingly, ingesting the contents of a laundry pod can trigger immediate respiratory distress and vomiting in a small child. If the ingredients come into contact with the eyes, it may result in severe irritation or temporary vision loss.

Calling them “a real risk” the study’s authors are calling on new safety standards for laundry detergent pods to make them less enticing to children.

Back in 2012, Sen. Charles E. Schumerof New York called on “gel pods” to be accurately labeled …read more

Source: ALTERNET

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Creating a 'Win-Win' in M&A, Part I

November 11, 2014 in Economics

By John A. Allison

John A. Allison

Viewing life in partnership terms is a generally healthy perspective. Successful friendships, teams, marriages, civic organizations, and local communities all have partnership characteristics. The key to successful partnerships is focusing on making the relationship win-win. Obviously, sometimes creating win-win relationships is almost impossible. To the degree practical, win-lose or lose-win partnerships should be avoided because they are likely to fail.

During my tenure at BB&T, we executed over 100 mergers. We approached mergers as creating win-win partnerships, which is one reason practically all of our mergers were successful. It was our responsibility to analyze the facts thoroughly and objectively to be sure that a merger was in our constituents’, specifically our shareholders’, best interest. Secondly, we thoroughly analyzed why it was rational to believe a partnership with BB&T would be beneficial to the majority of the constituents of our potential merger partner.

Let me describe the merger process at BB&T. While this is a concrete example, hopefully you will see the general principle applicable to practically all cases of creating partnerships.

The first question to be asked is: Why are you interested in creating this partnership (or category of partnership)? In terms of bank acquisitions part of our motivation was that without the growth potential from mergers, we did not have the scale to be successful in a consolidating industry. We could have chosen to sell instead of grow. However, we were convinced that our culture and operating model were superior to that of the potential acquirers. Even though our shareholders would receive a premium on the front end, we would out earn the premium over time as an independent company. Also, given the characteristics of our shareholders, most would hold the acquirer’s stock for the long term, and we were not willing to effectively sanction the potential acquirer’s stock as a healthy long-term investment. This position turned out to be totally correct. Even shareholders who received significant front-end premiums but chose to hold the stock of Wachovia/First Union or Bank of America (who would have practically acquired BB&T) have been sorry.

A merger, like a marriage, should be entered into in the context of creating a successful long-term relationship.”

In the case of nonbank acquisitions, our motivation was to diversify our income stream to reduce risk. Most of our bank acquisitions were plain-vanilla companies with limited sources of revenues except from lending. This concentration of income from …read more

Source: OP-EDS

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Jon Stewart: Why Are We Sending More and More Troops to Iraq?

November 11, 2014 in Blogs

By AlterNet

At this rate, we'll all be in Iraq fighting ISIS soon.


On last night's Daily Show, Jon Stewart observed that President Obama's strategy in the fight against ISIS appears to have shifted somewhat. In September, the President  promised that no combat troops would be sent to Iraq. Now, 3,100 troops have been authorized to go, a big jump from the 275 who went to Iraq in June.  ”Within 5 months, we've increased US troops in Iraq by 10 times. At that rate, by 2016 … everyone on earth will be in Iraq, fighting ISIS! We're going to have to recruit people from ISIS to fight ISIS!” 

Watch Stewart slam America's Iraq strategy. 

The Daily Show

Get More: Daily Show Full Episodes,The Daily Show on Facebook,Daily Show Video Archive

 

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Source: ALTERNET

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Possibilities and Predicaments for Putin

November 11, 2014 in Economics

By Richard W. Rahn

Richard W. Rahn

Russian President Vladimir Putin’s clear goal is to re-establish as much of the Russian Empire (1721-1917) as he can. At its greatest extent, the Russian Empire included the territories of the old Soviet Union, most of Eastern Europe, Finland and Alaska (up to 1866). Mr. Putin knows the next U.S. president is unlikely to be as indecisive and reluctant to act as President Obama. He also faces falling demand for Russian oil and gas and unexpected price declines, which may cause him to run through Russia’s considerable financial reserves. Accordingly, the pressure is on him to act quickly.

The Russian economy is now little more than a petro-state, relying on oil and gas, which account for 68 percent of its total exports, and more than half of its government revenue. Much of Russia’s manufacturing base evaporated after the end of the Soviet Union. The ruble has fallen more than 30 percent against the dollar since the beginning of this year. As a result, inflation is accelerating (more than 8 percent at the moment) as imports become more and more expensive. The Russian budget has been running small surpluses, but with the big drop in oil prices, government revenues will fall, and the budget will most likely go into deficit.

In order to keep their economy from falling into total disarray, the Russians are actively doing everything they can to keep global oil prices high and keep the Europeans (which by far and away are their biggest customers) in continued dependence on their gas and oil. According to Eurostat, Russia supplies the European Union “with 30 percent of its gas, 35 percent of its crude oil, and 26 percent of its solid fuels.” Bulgaria, Estonia, Finland, Slovakia, Latvia and Lithuania are nearly 100 percent dependent on Russian gas. Europe could quickly become self-sufficient in gas, but European politicians have banned most fracking and other actions necessary to make Europe less dependent on the Russians.

The Russians are known to have bribed and made other forms of payments to European politicians and opinion leaders, often through the subsidization of environmental groups that lobby against European oil and gas development. Former German Chancellor Gerhard Schroeder is now vice chairman of Russia’s Gazprom, and the spokeswoman for the EU’s foreign-policy chief is married to a Gazprom lobbyist. There are many public relations, law, lobbying and other groups in the EU and even in the United States that receive funds from Russian sources. One of the great hypocrisies is …read more

Source: OP-EDS