statism

Aging Chinese apologize for their roles in the Cultural Revolution

"As a teenager radicalised by China’s Cultural Revolution, Zhang Hongbing denounced his mother to the authorities. Two months later a firing squad shot her dead. Now after more than 40 years of mounting guilt, Zhang has ruffled the silence that cloaks China’s decade of turmoil with a public confession. 'Red Guard' youths abused their elders — officials, intellectuals, neighbours, relatives — dragging them into 'struggle sessions', ransacking their homes and driving some to suicide. Only a handful of public confessions have appeared, mostly in recent years as the Revolution’s once-heady teenagers enter their 60s." Continue reading →

Continue ReadingAging Chinese apologize for their roles in the Cultural Revolution

Doug French: So Where’s the Hyperinflation Already?

"The industry has shrunk to only about 7,000 institutions from 18,000 in 1985. The numbers won’t be growing as the FDIC is not issuing new bank charters. Proposed capital and regulatory requirements are forcing small to mid-sized banks to sell. Larger banks can’t grow organically so they are ready to buy. Lashley believes the industry will shrink further to 3,000 banks. While Lashley insists the industry is in much better shape than people think, a full five years after the financial crisis there are still 612 banks on the FDIC’s 'problem bank' list. None of this is bullish for increased lending." Continue reading →

Continue ReadingDoug French: So Where’s the Hyperinflation Already?

The Detroit (or New American) Yard Sale … Coming to a City Near You

"I can’t help but wonder what America’s auto barons like the Dodges, Firestones and especially Edsel and Eleanor Ford – whose donations and charitable support over the decades has created the cultural gem that is the Detroit Institute of Art – would think of their art being auctioned off to pay government debt. Will Disney one day own Yosemite National Park or Old Faithful? Will Six Flags own Mt. Rushmore? Will hedge funds buy up tracks of national forests and manage them like they would manage other timber assets? Those are legitimate questions, given a federal debt so large it cannot possibly ever be repaid." Continue reading →

Continue ReadingThe Detroit (or New American) Yard Sale … Coming to a City Near You

New York Mayor Bloomberg to appeal ruling that blocked stop-and-frisk policy

"New York Mayor Michael Bloomberg on Monday said he would appeal a federal judge’s ruling that the police department’s 'stop and frisk' crime-fighting tactics violate constitutional rights. Bloomberg remained firm in his argument that the practice drove down the city’s crime rate, saying, 'The possibility of being stopped acts as a vital deterrent.' His administration plans to ask for a stay of the judge’s order until the appeal is heard, officials told a press conference." Continue reading →

Continue ReadingNew York Mayor Bloomberg to appeal ruling that blocked stop-and-frisk policy

Tennessee judge changes baby’s name after ruling it a conflict with her beliefs

"A baby named 'Messiah' must be renamed, according to a judge in Tennessee, because Messiah is a ‘earned’ title in the Judeo-Christian tradition. The mother, Jaleesa Martin of Newport, Tenn., is appealing the decision handed down by Child Support Magistrate Lu Ann Ballew, who renamed the 7-month-old child 'Martin DeShawn McCullough,' after the parents came to her in a dispute over the child’s last name, according to the Tennesseean. The new name includes both parent’s last names but leaves out Messiah, 'which is a title and it’s a title that has only been earned by one person and that one person is Jesus Christ,' Ballew said." Continue reading →

Continue ReadingTennessee judge changes baby’s name after ruling it a conflict with her beliefs

Mob attacks gay couple’s engagement ceremony in Haiti

"A British man and his Haitian partner were attacked by dozens of locals who threw molotov cocktails and rocks at the couple’s private engagement ceremony, police said. Several people were injured, two cars were set ablaze and windows were smashed at the residence where the ceremony took place in Port-au-Prince late Saturday. Police arrived just in time to prevent people being killed, inspector Patrick Rosarion told AFP." Continue reading →

Continue ReadingMob attacks gay couple’s engagement ceremony in Haiti

Google Bus Hate: Give It a Rest

"Some San Franciscans define themselves by what they oppose. This spring they found a new focus for their outrage: the Google (GOOG) bus. Since 2007 the company has been using big, Wi-Fi-equipped, white-and-black coaches to collect employees around the Bay Area and bring them to the Mountain View Googleplex, 45 minutes south of the city. In early May there was a public protest against them at a Mission District transit stop. More than 20 cops were on hand—roughly a 1:1 ratio with protesters. The high point? Two slackers smashing a Google bus piñata." Continue reading →

Continue ReadingGoogle Bus Hate: Give It a Rest

Judge blocks BART union’s proposed strike in San Francisco through October

"A judge on Sunday blocked a threatened San Francisco-area rail worker strike that could have disabled a critical part of the region’s transportation system serving 400,000 daily passengers. The BART rail system was shut down for 4-1/2 days in July when union workers walked off the job, creating severe roadway congestion and forcing commuters to miss work or crowd onto a limited number of other public transportation options. BART management says the average employee gets an annual salary of $79,500 plus $50,800 in benefits, and it is concerned the cost of benefits will continue to climb after increasing by nearly 200 percent in 10 years." Continue reading →

Continue ReadingJudge blocks BART union’s proposed strike in San Francisco through October

NYPD’s ‘Stop and frisk’ tactics ruled unconstitutional by federal judge

"A federal judge has ruled that the New York City Police Department’s heavily-criticized 'stop and frisk' approach to crimefighting is unconstitutional, the New York Times reported on Monday. The ruling by Judge Shira A. Scheindlin is the latest blow to the policy, which data suggests has not been effective in actually preventing shootings in the city while being decried for targeting Black and Latino men almost exclusively. Commissioner Ray Kelly had defended the policy, calling it 'a fact of urban life' in an August 2012 interview with a radio program geared toward teenagers." Continue reading →

Continue ReadingNYPD’s ‘Stop and frisk’ tactics ruled unconstitutional by federal judge

Help Thy Neighbor and Go Straight to Prison

"The federal government, at a time when it is cutting education spending, is preparing to spend $415,000 over the next 15 years to imprison a man for innocently possessing seven shotgun shells while trying to help a widow in the neighborhood. And, under the law, there is no early release: Young will spend the full 15 years in prison. This case captures what is wrong with our 'justice' system: We have invested in mass incarceration in ways that are crushingly expensive, break up families and are often simply cruel. With less than 5 percent of the world’s population, the United States has almost one-quarter of the world’s prisoners." Continue reading →

Continue ReadingHelp Thy Neighbor and Go Straight to Prison