Record return of Arctic ice cap as it grows by 60% in a year

"A chilly Arctic summer has left nearly a million more square miles of ocean covered with ice than at the same time last year – an increase of 60 per cent. The rebound from 2012’s record low comes six years after the BBC reported that global warming would leave the Arctic ice-free in summer by 2013. Some eminent scientists now believe the world is heading for a period of cooling that will not end until the middle of this century – a process that would expose computer forecasts of imminent catastrophic warming as dangerously misleading." Continue reading

Continue ReadingRecord return of Arctic ice cap as it grows by 60% in a year

Nigel Farage offers Barroso some cooling news on euro and climate change

"The euro which you believed would give us monetary stability has done the very opposite, it was a misconstruction from the start, and it's pretty clear that youth unemployment, at nearly 50% across the Mediterranean, is probably nearly double what it would have been as a direct result of the misconstruction that is the euro. They're in the wrong currency, but I know that you'll never ever admit to that, and the euro I think will die a very slow and painful death. But it's the green agenda that I find really more interesting. You keep telling us that climate change is an absolute top priority, and you've been greeted with almost hysteria in this place over the last ten years." Continue reading

Continue ReadingNigel Farage offers Barroso some cooling news on euro and climate change

Czech communists to return in office for first time since 1989

"Many people associate the Communists to 41 years of repression. But by being out of power for so long, the party has escaped the taint of sleaze that has tarnished the governments that took over from it. Sobotka added that if his party formed a government, its economic policy would be more leftist than the previous centre-right coalition government, with plans to raise taxes for the biggest corporations and for high earners. Jiří Stránský, a dissident writer imprisoned under Communist rule, said he believed today's Communists were dangerous populists. 'I am saddened that after nearly 24 years the country has ended this way, when we started out so amazingly,' he said." Continue reading

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Belgium’s finance minister has no objection to bitcoin

"Minister of finance Koen Geens responded to a parliamentary question about bitcoin, commenting that he wouldn’t see the Belgian National bank having any objection to bitcoin, and stating that for the moment its use is limited to a handful of traders. Geens reportedly added that although privacy and anonymity were a big part of bitcoin, there was no indication that the cryptocurrency is used on a large scale for money laundering. Any exchange of large amounts of bitcoin would be detected by the financial control systems, he argued. Germany made its own advances in this area last month, when its own finance ministry officially recognized bitcoin as private money." Continue reading

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How Bitcoin Is Blossoming in Germany

"'In our neighborhood there are a few dozens of bitcoin-accepting businesses by now and a bitcoin-based economic cycle starts to develop,' says Joerg Platzer, owner of Room77 and principal of the Crypto Economics Consulting Group in Berlin. 'I do not have to change the bitcoins we take in back into euro. I can pay my beer supplier, my printer and other goods and services with it already. We call it our 'alternative local currency with global reach.'' In Switzerland, Matonis says Bitcoin is being considered for a three-digit ISO currency code (XBT)—a code that most online currency conversion tools already utilize." Continue reading

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Reid: ‘Anarchists have taken over’ in Congress

"Reid said Tea Party Republicans are preventing progress on an energy efficiency bill by offering amendments on ObamaCare and other unrelated issues. 'They’ve taken over the House and now they’ve taken over the Senate. People who don’t believe in government — and that’s what the Tea Party is all about — are winning, and that’s a shame.' Wait until Reid sees what it is like when the private property society advocates takeover and not just the anarchist-lite Tea Party-types. Then we start to get serious: no minimum wage laws, no taxes, no Department of Education or Enery, and an end to the Fed.....for starters." Continue reading

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An American Energy Revolution

"In Texas these days, there’s a feeling of absolute and unwavering confidence in the concept of an American energy revolution. From the depths of reserves to the richness of the energy, an incredible transformation is taking place. We’ve been talking about the significant impact of the U.S.’s oil production for a while now, but the buzz about shale oil and gas is only getting louder. One area that’s driving this game-changing trend is located only hours from our headquarters. It’s the Permian Basin located in western Texas and southeastern New Mexico, covering an enormous area." Continue reading

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The Green Energy Religion Meets the Real World

"It seems political leaders in Europe have figured out that there are consequences for allowing faith to substitute for markets when it comes to energy. 'We face a systemic industrial massacre,' said Antonio Tajani, the European industry commissioner. Mr Tajani warned that Europe's quixotic dash for renewables was pushing electricity costs to untenable levels, leaving Europe struggling to compete as America's shale revolution cuts US natural gas prices by 80pc. Never fear – they have a solution: print money." Continue reading

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What You Don’t Know About Immigration Can Hurt You

"With respect to immigration, let’s allow anyone who wishes to move here with the provision that they are ineligible for tax-funded government benefits. Presto: armies of foreign-born 'net tax producers.' Keeping immigrants out will also cost us liberty as well as money. What invasions of privacy are we willing to countenance in order to prevent people from living and working here? We’re slowly and steadily crushing businesses under ever-heavier regulatory burdens. What will happen when we tell them 'here’s a new stack of immigration rules'? Immigration restrictions might be good populist politics, but they are lousy economics." Continue reading

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The First Step to a Free Detroit: Let Them Work

"What might the ordinary people of Detroit achieve if all barriers to the free use of their labor were removed? What if taxes were eliminated, allowing workers to keep all of their pay? We could expect the early emergence of personal services, such as hairdressers, barbershops, cleaning services, home maintenance, babysitting, etc. If capital has confidence that it can be protected, then next we could expect to see small scale capital-intensive enterprises spring up, such as food vendors, private taxis, bodegas, and tobacco shops. If these are allowed to flourish, then we could expect to see larger capital intensive enterprises arise, such as small scale factories." Continue reading

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