Monday, July 23, 2012

Cruising the Web

Why is Obama allowing sensitive US space technology to go to China?

Kudos to Bob Costas for recognizing the murder of the 11 Israeli Olympic Athlets 40 years ago, something the International Olympic Committee refused to do because they didn't want to anger Arab countries. It's just another example of debased values when you have an international organization that doesn't distinguish among nations.

It's a myth that the government created the Internet.

My husband presents six responses to the Warren-Obama proposition that business success depends, at least in some part, to the contributions of others, mostly government.

Lessons from Estonia that Paul Krugman just doesn't understand.

Alana Goodman notes the myth of Obama's rhetorical brilliance.

July 23 is the anniversary of Lincoln's reading of the Emancipation Proclamation to his cabinet. Alan Guelzo, who wrote a great book on the story of the Emancipation Proclamation, has a column explaining that document.

The Onion pegs the House Ethics Committee.

How the IRS figured out that an art work that literally can not be sold is worth $65 million dollars.

Should a government official like the mayor of Boston be able to block a business from moving into the city simply because he disagrees with the company's stance on gay marriage? This is a very slippery slope that, regardless of your position on gay marriage, should trouble you. As William A. Jacobson points out, there is a big difference between private boycotts of businesses you don't like and using government power against those businesses simply over political disagreements.

What are policies that most economists would support but no, or at least few, politicians have the guts to support?

Why should hungry people not be able to afford to buy food just so we can have feel-good mandates on ethanol?

The myths that Obama tells about the Bush years.

Michael Barone contrasts the California hometown of Solyndra and one North Dakota town.

This is how national security gets politicized.

You might enjoy Ken Jennings weekly news quiz. See how fast you can answer questions. I beat out David Plotz, Slate's editor with my score of 416. See what you get.

The Daily Caller summarizes poll data on how much any possible Romney vice presidential pick would help in that pick's home state. It's all intriguing, but I doubt that we can put much faith in such polling.

Sean Trende analyzes what Obama's campaign blowout of spending in the past couple of months has wrought.

These are fun - what movies could you get if you removed one letter from a movie title?


Terrye said...

I am not making money off of ethanol or anything..but the idea that people are going hungry because of ethanol is just a tad hysterical..for one thing, what you are talking about are not subsidies, they are tax credits..just like hundreds of other kinds of tax credits...for another thing the by product of ethanol is mash which can be used as feed.

Now, I do think that using something like sugar to make ethanol would be better overall, but I do not think that people will die because they use corn.

Rick Caird said...

Basic economics, Terrye. There are two things happening here. The first is that corn that goes to ethanol cannot be used for food or feed. With the drought, corn has about doubled from $3.50 to $7.

In the US, food is not as great a percentage of our income as it is in other parts of the world. In fact, the initial unrest in Egypt came from increasing food prices. World wide, there will be people who starve because corn has increased in price.

Gahrie said...

It's ironic that the first comment mentions using sugar to make ethanol, because the artifically high price of sugar in the United states is another reason that corn prices are so high. Have you ever wondered why a "poor" country like Mexico still uses sugar in their soda while we use corn syrup (fructose)?

The government has systematically caused the rise in corn prices by mandating ethanol production, subsidizing ethanol production and imposing import tariffs on sugar.