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Category Archive: World politics
Subcategories: No categories
What a wonderful culture and people to support:
“Masked gunmen from an Islamist group torched a UN-run summer camp for children and teens in Gaza on Sunday, Army Radio reported, the top UN aid official in Gaza said.”
“During the past month alone, five Gazans have been executed with formal sanction from the Strip’s Hamas rulers, three of them shot to death in front of the families of their victims just last Tuesday. Their bloodied bodies were then unceremoniously dumped at the local Shifa Hospital.”
“Modesty patrols” inspect cars to catch unmarried women with men who aren’t relatives.
This is great.
This is a chilling audio recording of Nixon asking for Haldeman to see what he can do about the Jews and how “disloyal” the “bastards” were.
This was planned for full effect by Turkey to embarrass Israel. This is disgusting. The claim that people wielding metal pipes were peace activists is a crock.
This is an excellent article explaining how California got into so much trouble and how unions and pension problems are the chief cause of the problems. Must read:
“The Greek tragedy of being unable to pay for the debt built up during the years of unprecedented low yields reads across to the rest of our governments all too well. The fact is most of us are living on the same knife edge.”
Read here: Greece is not that different
This is a must watch video from Jim Chanos on the property bubble in China. My favorite line:
“There is roughly 30 billion square feet of non-residential property under construction in China. This means that there is enough office space being built to have a 5 by 5 foot cubicle for every man, woman and child in China.”
Here is the video:
“There are now more than 15,000 government retirees statewide who receive pensions that exceed $100,000.”
That statement right there from an eye-opening editorial in the Wall Street Journal is not getting enough attention. How about these figures:
1) Policemen, firefighters, and prison guards can retire at age 50 and receive 90% of their last year salary for life, with inflation guarentees.
2) Pension costs have increased 2000% in the last decade compared to the state’s revenue of only 24%.
3) California’s unfunded pension liability was pegged at $63.5 billion and that was before the market collapsed in 2008.
4) “$3 billion alone was diverted to pension costs from other programs.” -San Jose Mercury.
Of course this isn’t just a California problem, but also other states and cities have the same troubling pension issues.
The editorial can be read:WSJ Editorial on Public Unions
But even better is the book it is based on by the same author:
This is a fantastic talk by Jeff Rubin, the former economist from CIBC about peak oil, triple digit oil prices and the changes coming to the world economy.
This talk is basically an encapsulation of his book, Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization.