Saturday, March 19, 2005

What is a Soul?

A former student who is studying theology wrote not long ago to ask my opinion on the nature of the soul. I'm not a theologian, and I freely acknowledge that my guess is no better than anyone else's, but rushing in where wise mean fear to tread, this was my reply:

Some people think of the soul as a sort of "ghost in the machine", as Gilbert Ryle dismissively described the dualistic view of mind. Some people identify the soul with the mind. Some say the soul is our personality plus our body. In other words, for them the soul is the entire self.

It certainly could be that any of these is indeed what our soul is, although I think that if we include the body in the concept we run into a difficulty since bodies age and deteriorate. We might wonder whether our soul is what we are at ten years of age, or seventy, or at death. Despite the difficulty, however, I'm not discounting the idea.

My own view, though, is that our soul is really the totality of information which describes us: our personality, our life history (whether remembered or not), our values, knowledge, character, aspirations, etc. This information is not "in" us in any way, but rather it resides in the mind of God, like a file in a vast database, and is thus eternal. When our bodies die, this information, or at least some of it, is instantiated in another format (a body or body-like entity) in another world so that we are capable of experiencing another existence. We can think of it as a kind of download of information which creates the phenomena of "body" much like the software we load onto our computers creates the images we see on our screens.

This view is compatible with both materialism and substance dualism since regardless of which, if either, is true it has no bearing on the existential status of the soul. If it should turn out that mind is just the word we use to describe the functioning of the brain then the existence of the soul is no more jeopardized by that discovery than if it turns out, as I think it would, that the mind is something related to, but other than, the brain.

Even many materialists would acknowledge that a complete description of every person exists, although they could certainly add that the description is inaccessible and useless. They would doubtless point out that such a soul only exists in the same sense that numbers or logical relations exist even if there were no minds to apprehend them. They would exist but be utterly useless. The set of propositions which gives an exhaustive description of someone still exists after a person's body dies but would only be useful if it could be somehow conjoined with consciousness and another "body" of some sort. The possibility of this happening most (though perhaps not all) materialists would deny.

On the other hand, if there really is an omniscient God, then when my body dies, all is not lost. I, the set of propositions which describes the essential me, the information that comprises my identity, continue to exist in the mind of God. I may have no conscious awareness of my existence, it may be like being placed into a deep coma, but I exist nonetheless. I am not gone. If and when God decides to download the information (or the greater part of it) to some "body", the file marked with my name and containing a complete description of my self, infused with a spark of consciousness (mind?), becomes a revivified person. At that point I will have been resurrected, returned to life.

This has been the grand hope of Christianity and other theistic religions down through the ages, and it is this hope, this opportunity, that God held out to the world in prototype on the first Easter when He raised Christ from the dead.

On Tipping Points

I've read several articles lately that mention the possibility of March 16 being a "tipping point". This is a term given to an event or events that mark a significant point in time where, in hindsight, it becomes apparent that things will no longer be what they were.

Here's one of them from Morgan Stanley's Stephen Roach.

Tipping points are a great concept, but virtually impossible to identify ahead of time -- let alone when they are occurring. It is only with the great luxury of hindsight that we can look back and know that the proverbial bell has rung. In my view, March 16, 2005 could end up in the running as a possible tipping point for America. Suddenly, the US has taken on a very different aura in an increasingly unbalanced world: The confluence of a record current account deficit, a disaster from General Motors, and yet another new high for oil prices all speak of an increasingly precarious role for the global hegemon. World financial markets have barely begun to sniff that out.

...

But the message from overseas is that this game is just about over. One by one, Asian central banks -- America's financiers at the margin -- have dropped the not-so-subtle hint that they are saturated with dollar-denominated assets. From Korea and Japan to China and India -- not to dismiss Malaysia, Hong Kong, and Singapore -- there is a growing protest to massive dollar overweights in official reserve portfolios. The standard American response borders on arrogance: "What choice do they have?" The presumption is that the US has externally driven Asian economies over a barrel -- unwilling to accept a deterioration in export competitiveness that currency appreciation might bring. This misses a key cost-benefit tradeoff -- weighing the hit to exports against the fiscal cost of a portfolio loss on holdings of dollar-denominated assets. The bigger the build-up of dollar reserves, the more this tradeoff is likely to tip toward dollar diversification -- spelling the end of America's cut-rate foreign financing.

Trusting Without Proof

The service which provides us with a quotation each day from various philosophical sources sent this one from Thoreau's Walden the other day:

No way of thinking or doing, however ancient, can be trusted without proof.

We were just wondering what proof Thoreau had that no way of thinking can be trusted without proof.

Oh...This Can't Be Good

Following up on the troubles at General Motors, check this link where you will see that GM has $300 billion in debt. More importantly, you can also see that GM has a debt to equity ratio of over 10.

The significance of a debt to equity ratio as high as 10 can be found at this link to www.investopedia.com where we learn that:

A high ratio of 2 or more would expose the company to risk such as interest rate increases and creditor nervousness.

Foreign nations are plenty nervous and have been announcing that they will be selling U.S. bonds to diversify the holdings of their central banks: Russia, India, China, South Korea, and Japan.

Fed Chairman Alan Greenspan and the US are truly in a no-win situation. Greenspan must raise interest rates to stem inflation and make Treasury bonds more attractive to foreign countries. If he doesn't raise rates, the US will continue to lose the financing from foreign countries that has been fueling our economy. Yet if he raises rates, GM and others will go belly up. Note that for every one point that interest rates rise, refinancing GM's debt will cost an additional $3 billion in annual interest payments.

If GM fails, it would mean default on their debt of $300 billion dollars. That would make the Enron, World Com, and LTCM debacles look like a tea party in comparison.

Given the above, my initial reaction was to expect two possible outcomes, that GM would eventually file bankruptcy or they would become a takeover candidate by the likes of China. But after further consideration, I couldn't see a reason why any thinking investor would be interested in buying GM at any price with the excess baggage of $300 billion in debt. Upon further reflection it becomes apparent that it would be much more expedient to simply stand by and let GM enter into bankruptcy proceedings and then buy them at a discount. After bankruptcy, the stock holders lose everything and the bond (debt) holders might be lucky to get pennies on the dollar.

In any event, GM will be well worth watching as the end-game is sure to unfold over the next twelve months.

Room For Growth

According to a new CNN/USA Today/Gallup poll, relatively few Americans are generally familiar with the phenomenon of blogging, in which individuals, ranging from famous to anonymous, post running narratives of their thoughts and observations on whatever interests them:

[F]ewer than one in six Americans (15%) read blogs regularly (at least a few times a month). Just 12% of Americans read blogs dealing specifically with politics this often. Among Internet users, the numbers are similarly low: 19% and 15%, respectively.

According to a December 2004 Gallup Poll, the percentage of Americans getting their news on a daily basis from the mainstream media is 51% for local television news, 44% for local newspapers, 39% for cable news networks, 36% for the nightly broadcast network news, and 21% for radio talk shows. By contrast, only 3% of Americans say they read Internet blogs every day, and just 2% read politics-focused blogs daily.

Blog readers are younger than the population at large. Although 17% of the public is aged 18 to 29, a quarter of all blog readers (those who read even occasionally) are in this age bracket. At the older extreme, 17% of Americans are 65 and older, but only 6% of blog readers are this old.

There's lots of interesting data at the link, but the article promotes a misconception. Many of the most popular blogs are not really news disseminators. They're not in the same category as newspapers and the evening news. They are more like the op-ed page of the paper or the commentary at the end of the news report. As such, the comparison of blogs to news outlets is a little like comparing hammers to screw drivers.

Power Line notes, too, that the low percentage of blog readers is actually a promising statistic since it indicates that there is still a vast untapped market out there for bloggers to tap into.

Memos From Our Troops

Instapundit posts a series of e-mails from readers connected in some way with servicemen serving in Iraq. They're worth reading. The whole link is good, the e-mails start several paragraphs from the top.

Friday, March 18, 2005

America's Has-Been Economy

Articles like the one below make me feel like I'm not "a voice crying in the wilderness". Or if I am, at least I'm not alone.


America's Has-Been Economy

By PAUL CRAIG ROBERTS

A country cannot be a superpower without a high tech economy, and America's high tech economy is eroding as I write. The erosion began when US corporations outsourced manufacturing. Today many US companies are little more than a brand name selling goods made in Asia.

Corporate outsourcers and their apologists presented the loss of manufacturing capability as a positive development. Manufacturing, they said, was the "old economy," whose loss to Asia ensured Americans lower consumer prices and greater shareholder returns. The American future was in the "new economy" of high tech knowledge jobs.

This assertion became an article of faith. Few considered how a country could maintain a technological lead when it did not manufacture.

So far in the 21st century there is scant sign of the American "new economy." The promised knowledge-based jobs have not appeared. To the contrary, the Bureau of Labor Statistics reports a net loss of 221,000 jobs in six major engineering job classifications.

Today many computer, electrical and electronics engineers, who were well paid at the end of the 20th century, are unemployed and cannot find work. A country that doesn't manufacture doesn't need as many engineers, and much of the work that remains is being outsourced or filled with cheaper foreigners brought into the country on H-lb and L-1 work visas.

Confronted with inconvenient facts, outsourcing's apologists moved to the next level of fantasy. Many technical and engineering jobs, they said, have become "commodity jobs," routine work that can be performed cheaper offshore. America will stay in the lead, they promised, because it will keep the research and development work and be responsible for design and innovation. Alas, now it is design and innovation that are being outsourced. Business Week reports ("Outsourcing Innovation," March 21) that the pledge of First World corporations to keep research and development in-house "is now pass�."

Corporations such as Dell, Motorola, and Philips, which are regarded as manufacturers based in proprietary design and core intellectual property originating in R&D departments, now put their brand names on complete products that are designed, engineered, and manufactured in Asia by "original-design manufacturers" (ODM).

Business Week reports that practically overnight large percentages of cell phones, notebook PCs, digital cameras, MP3 players, and personal digital assistants are produced by original-design manufacturers. Business Week quotes an executive of a Taiwanese ODM: "Customers used to participate in design two or three years back. But starting last year, many just take our product."

Another offshore ODM executive says: "What has changed is that more customers need us to design the whole product. It's now difficult to get good ideas from our customers. We have to innovate ourselves." Another says: "We know this kind of product category a lot better than our customers do. We have the capability to integrate all the latest technologies." The customers are America's premier high tech names.

The design and engineering teams of Asian ODMs are expanding rapidly, while those of major US corporations are shrinking. Business Week reports that R&D budgets at such technology companies as Hewlett Packard, Cisco, Motorola, Lucent Technologies, Ericsson, and Nokia are being scaled back.

Outsourcing is rapidly converting US corporations into a brand name with a sales force selling foreign designed, engineered, and manufactured goods. Whether or not they realize it, US corporations have written off the US consumer market. People who do not participate in the innovation, design, engineering and manufacture of the products that they consume lack the incomes to support the sales infrastructure of the job diverse "old economy." "Free market" economists and US politicians are blind to the rapid transformation of America into a third world economy, but college bound American students and heads of engineering schools are acutely aware of declining career opportunities and enrollments. While "free trade" economists and corporate publicists prattle on about America's glorious future, heads of prestigious engineering schools ponder the future of engineering education in America.

Once US firms complete their loss of proprietary architecture, how much intrinsic value resides in a brand name? What is to keep the all-powerful ODMs from undercutting the American brand names? The outsourcing of manufacturing, design and innovation has dire consequences for US higher education. The advantages of a college degree are erased when the only source of employment is domestic nontradable services.

According to the Los Angeles Times (March 11), the percentage of college graduates among the long-term chronically unemployed has risen sharply in the 21st century. The US Department of Labor reported in March that 373,000 discouraged college graduates dropped out of the labor force in February--a far higher number than the number of new jobs created.

The disappearing US economy can also be seen in the exploding trade deficit. As more employment is shifted offshore, goods and services formerly produced domestically become imports. Nothink economists and Bush administration officials claim that America's increasing dependence on imported goods and services is evidence of the strength of the US economy and its role as engine of global growth. This claim ignores that the US is paying for its outsourced goods and services by transferring its wealth and future income streams to foreigners. Foreigners have acquired $3.6 trillion of US assets since 1990 as a result of US trade deficits.

Foreigners have a surfeit of dollar assets. For the past three years their increasing unwillingness to acquire more dollars has resulted in a marked decline in the dollar's value in relation to gold and tradable currencies. Recently the Japanese, Chinese, and Koreans have expressed their concerns. According to Bloomberg (March 10), Japan's unrealized losses on its dollar reserve holdings have reached $109.6 billion.

The Asia Times reported (March 12) that Asian central banks have been reducing their dollar holdings in favor of regional currencies for the past three years. A study by the Bank of International Settlements concluded that the ratio of dollar reserves held in Asia declined from 81% in the third quarter of 2001 to 67% in September 2004. India reduced its dollar holdings from 68% of total reserves to 43%. China reduced its dollar holdings from 83% to 68%. The US dollar will not be able to maintain its role as world reserve currency when it is being abandoned by that area of the world that is rapidly becoming the manufacturing, engineering and innovation powerhouse. Misled by propagandistic "free trade" claims, Americans will be at a loss to understand the increasing career frustrations of the college educated. Falling pay and rising prices of foreign made goods will squeeze US living standards as the declining dollar heralds America's descent into a has-been economy. Meanwhile the Grand Old Party has passed a bankruptcy "reform" that is certain to turn unemployed Americans living on debt and beset with unpayable medical bills into the indentured servants of credit card companies. The steely-faced Bush administration is making certain that Americans will experience to the full their counry's fall.

Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of The Tyranny of Good Intentions.He can be reached at: pcroberts@postmark.net

Brave New World

Judge George Greer has ruled that the feeding tube nourishing Terri Schiavo must be removed and she must be allowed to starve to death. Imagine for one moment that authorities ruled that food must be withheld from someone on death row, or from a suspected al Qaida detainee, until the prisoner starved to death. The left would be incandescent with rage. They would be screaming about the cruelty and inhumanity of the ruling. They would be shouting at the tops of their formidable lungs about egregious violations of human rights and the Geneva accords. Calls would go out from every organ of liberalism demanding the ouster or impeachment of every and any official who could be tied to this reprehensible decision.

But in the case of a completely innocent woman who is neither a criminal nor a terrorist, the Left is almost preternaturally silent. They seem perfectly content to let Terri Schiavo be killed through a long slow process of starvation and dehydration. Even worse, some democrats are allegedly attempting to exploit the tragedy of this woman and her family by turning it to partisan political advantage.

Rush Limbaugh said today that an editorial in a national newspaper (I missed the name of the paper) asserted that we are not actually killing Ms Schiavo by removing her feeding tube, we're simply allowing nature to take its course by not forcing her to live. This statement, if I heard it correctly, is uncommonly dumb even by liberal standards. If a mother refuses to feed her infant would that editorialist argue that the mother wasn't really killing the child, but was rather simply letting nature take its course? Anyone who doesn't wish to care for either the very young or the elderly need only withhold food from them and let them die and they bear no guilt. Welcome to our Brave New World.

The next time you hear someone from the Left say that capital punishment is cruel and unusual punishment and should be abolished, or that torturing a suspected terrorist violates his human rights and demeans us as a nation, ask this person where he or she was when an American judge unilaterally sentenced Terri Schiavo to starve to death while her parents stood by legally helpless. Anyone who is indifferent to Ms Schiavo's plight and that of her family has no moral credibility on any other human rights issue.

Italy's Staying

Contrary to recent reports, the Italians are not abandoning Iraq, or us, after all. The Left must be disconsolate:

Italian Prime Minister Silvio Berlusconi has sought to clarify his announcement on the withdrawal of Italian troops from Iraq. Mr Berlusconi says the timing of the troop withdrawal will depend upon Iraq's security situation.

Yesterday Mr Berlusconi announced Italy would begin a gradual pullout in September in line with public opinion and as agreed with British Prime Minister Tony Blair. Mr Berlusconi told US President Bush in a telephone call that he wants to begin removing his country's 3,300 troops in September if possible, his office said.

Mr Berlusconi "reiterated to President Bush his wish to begin a gradual and progressive withdrawal of the Italian contingent in Iraq as quickly as possible, and if possible from September," his office said in a statement. Mr Berlusconi said he would not act unilaterally.

"If it's not possible, it's not possible, everything has to be agreed with the allies," he said. "We will do everything in a concerted manner."

When Mr Blair was asked about the Italian withdrawal in the House of Commons overnight, he said Mr Berlusconi's comments had been misinterpreted. Both leaders now agree their countries troops will remain in Iraq until Iraqi forces are ready to take their place.

Italian soldiers are based in the relatively peaceful area of Nasiriyah in southern Iraq, which is under British command. Italy has been one of US President Bush's closest allies in Iraq, where it is the fourth biggest troop contributor.

Quite clearly, Italy isn't Spain.

Thursday, March 17, 2005

China Syndrome

Bill Roggio at The Fourth Rail has a very interesting analysis of the future of Chinese/ American relations. He considers the prospects of a Chinese assault on Taiwan and finds them improbable. He also considers Chinese prospects in a conventional military conflict with the U.S. and finds them dismal. His arguments are compelling. Check them out.

Environmentalists Miss an Opportunity

The senate has voted 51-49 to open the Alaskan National Wildlife Refuge (ANWR) to oil drilling. It's not, however, a done deal:

Sen. Ted Stevens, R-Alaska, who has fought for 24 years to open the Arctic National Wildlife Refuge to oil companies, acknowledged it still could be "a long process" before a final drilling measure clears Congress. Lawmakers must agree on the final budget, something they failed to do last year, or Wednesday's vote would have been for naught.

Nevertheless, environmentalists have lost a superb opportunity to capitalize on what was, or is, inevitable: that drilling would take place in ANWR. Our preference would have been to leave ANWR alone, but given that the thirst for oil would not be quenched and no other practical solution to our energy problems is currently available or economically painless, environmentalists should have seen this coming.

What they should have done, instead of fighting extraction of ANWR's reserves with all their energies and resources, was cut a compromise years ago. They should have agreed to no longer stand in the way of drilling in ANWR if the Interior Department would guarantee that another (or several) large wildlife refuge would be created somewhere else in the United States and if guarantees could be put in place that the oil companies would leave ANWR as much like they found it as is technologically and economically feasible.

Because of the environmentalist's insistence on total victory on this issue those who care about conserving wild lands and natural beauty wind up with nothing when they might have preserved another new refuge from the depredations of developers. With foresight like this, it's no wonder the environmental movement is dying.

This isn't the only tactical mistake the environmentalists have made in this contest. For years they've fought oil drilling in ANWR, contending it would lead to "a spider web of drilling platforms, pipelines and roads that would adversely impact the calving grounds of caribou, polar bears and millions of migratory birds that use the refuge's coastal plain." No one knows if this is true, of course, but the experience we have in other places is that wildlife adjusts and in some ways even prospers. By staking their credibility on dubious arguments and indemonstrable assertions the environmentalists succeed merely in squandering their credibility.

Sen. Maria Cantwell, D-Wash. claimed that it is "foolish to say oil development and a wildlife refuge can coexist." But it is certainly as foolish to say that they can't. One of the jewels in the National Wildlife Refuge system is John Heinz refuge in Philadelphia which is bounded by Philadelphia International Airport, oil storage depots, a busy interstate highway and other scars upon the land. We ardently wish this weren't so, but as long as the refuge has been allowed to maintain something of a land buffer against encroachment the impact of these stressors seems to have been minimal.

Our dream is to see as much land as is possible permanently preserved from development, but sometimes one must take a step back in order to move forward. Yielding a relatively small tract of land in the midst of an inaccessible wilderness in order to acquire more critical habitat elsewhere would have been a fantastic trade-off, benefiting both wildlife and humans. Environmentalists had a chance to do this before the 2004 elections when the oil advocates were politically weaker, and they refused to do it. Now those who care about land preservation must take a step back at ANWR with no good prospect of any step forward anywhere else.

This was not the environmental movement's finest hour, but as Ted Stevens suggests above, perhaps they still have a chance to salvage a victory for preservation when lawmakers hammer out a final budget. Our suggestion is that the oil companies who will profit from ANWR oil be required to purchase and donate land in the lower 48 to the Department of the Interior for use as a refuge, or that their leasing fees be put to this purpose so that valuable wild lands can be incorporated into the National Wildlife Refuge system and preserved their for generations to come.

The Judicial Usurpation of Democracy

Viewpoint has been arguing ever since our first post last May that legalizing gay marriage will have the ultimate consequence of destroying the institution of marriage altogether. The rationale given for the recent decision by judge Richard A. Kramer of San Francisco County Superior Court overturning California's marriage laws provides all the confirmation of the validity of this concern that one could ask for.

According to the New York Times Judge Kramer stated that "the denial of marriage to same-sex couples appears impermissibly arbitrary," thus violating the equal protection clause of the state's Constitution. In other words, defining marriage as a bond between one man and one woman is unsupported by anything more than cultural habit and preference.

The fact is, of course, that any secular definition of marriage is going to be arbitrary. No matter how a legislature chooses to define marriage, if religion and tradition are ruled to be inadequate grounds for the definition, it can be based on nothing more than sociological fashion. Thus if marriage cannot be limited to one man and one woman because that would be an arbitrary restriction, on what grounds will we be able to limit marriage to just two people?

If the gender of the spouses is a matter of cultural caprice why is not the number of spouses? If two thousand years of tradition isn't enough to eliminate what is seen as the discretionary nature of heterosexual marriage, how will courts be able to uphold laws establishing marriage as a union of just two persons?

The answer is, of course, that they won't. If Judge Kramer's reasoning is accepted by the appeals courts the door will have swung wide open for redefining marriage any way some judge finds agreeable. There will certainly be no difficulty in finding courts sufficiently sympathetic to those who wish to push the social envelope by demanding the right to participate in group marriage. But when marriage means whatever anybody wants it to mean then it will really mean nothing at all and will cease to exist, at least in the form we recognize today.

The addled and myopic reasoning which afflicts Judge Kramer's opinion is not untypical of contemporary liberal jurisprudence, which is why it is imperative that conservative judges be appointed to the federal bench and Supreme Court. The Left knows its ideas, such as they are, would not prevail in state or national legislatures so it circumvents these by enacting its agenda through judicial fiat.

If Democrats are allowed to continue to obstruct and block President Bush's nominees, who are the only hope we have of turning back this "judicial usurpation of democracy", we will continue to get more sophomoric judicial opinions such as the vacuous judgment handed down by Justice Kennedy in the recent Simmons case and the witless nullity delivered by Judge Kramer in this one.

Wednesday, March 16, 2005

The Wasteland

Why is it that the MSM and especially the cable news shows have given us every sordid detail of the cases of Scott Peterson, Michael Jackson, Martha Stewart, and Robert Blake, but seem singularly uninterested in Terri Schiavo? Is it because Terri Schiavo just isn't glamorous?

A woman is about to be deliberately starved to death over the horrified objections of her parents, simply because her legal husband, who has long ago abandoned her for another woman with whom he's had a couple of children, wants her dead, as does the judge in the case. The legal and cultural implications of Ms Schiavo's plight are immeasurably more significant than those of the stories receiving all the media notoriety and scrutiny, but she is neither rich, famous, nor attractive and so the media can't be bothered to do any real reporting on her awful circumstances.

It's much more important to the television news "journalists" that we see video every ten minutes of Jacko showing up in court in his pajamas and that we check out the ensemble Martha is sporting as she leaves her prison gig behind. What incredibly shallow people they must be who put together the stuff that America watches every night. Do they really take their work and themselves seriously?

Marshall McLuhan noted some forty years ago that television was a vast wasteland. He should see it today.

Racial Hectoring

Here's a twist. White students, offended by a lecture given by the secretary of state for New Jersey, an African American woman, walked out of school and refused to go to classes. Evidently, the speaker, Ms Regina Thomas, accused students in ungentle accents of being ignorant of black history and being racists. The students refused to take the insults meekly and walked out of school, essentially shutting the place down for the day.

Imagine that. White kids finally getting tired of abasing themselves whenever some minority spokesperson takes it upon herself to lecture them about what evil racists they are and how guilty they should feel about it.

If more audiences would just get up and walk out when race hustlers like Ms Thomas take the stage maybe there'd be a lot less racial hectoring and consequently a lot less white hostility and a lot more racial comity. No one likes being insulted because of their race, after all. Surely Ms Thomas should understand that.

See here for more.

The Party Continues

For 2004, the current account deficit surged to a new high of $665.9 billion from the 2003 gap of $530.7 billion, the Commerce Department said. Given my rants in the past about this issue, I doubt if any of our readers are actually surprised with this news but there is an interesting observation to make.

Historically, international trade accounts were settled with gold bullion. In other words, there was no "credit" in international trade. If you ran out of gold, you didn't do business. Since those days of good sense are gone, and in today's world of fiat currencies, it has been customary that when a country would run a trade deficit that spiraled out of control, their currency would devalue against the currency of other countries. This devaluation would raise the cost of imports making the debtor countries exports more competitively priced. This would create demand for the goods they manufactured causing their manufacturing sector to hire more people to meet the demand. This would stimulate the economy and the trade deficit would return to a more balanced state. Manufacturing was essential to the economic health of a country.

Since the year 2000, our currency has devalued against the currencies of other foreign countries by over 20% as a result of the mechanics mentioned above yet we see that our trade deficit continues to explode. Why? For two reasons, first, China and Japan won't allow our currency to devalue against theirs as they will purchase US dollars on the open market which strengthens the dollar in relation to their currencies and secondly, because we have no manufacturing sector of any significance anymore. As it was being dismantled over the last ten years we were told that it didn't matter because we were transitioning into a "service" economy.

Well, it does matter. There used to be an old expression, "As GM goes, so goes the country". Today General Motors abandoned projections of a break-even or even slightly profitable first quarter and slashed its full-year earnings outlook by more than half, citing poor North American business. Its share price tumbled to its lowest in more than a dozen years, from its old high of 94, General Motors closed just above 29 today -- a total loss of 70%. If it wasn't for their financing division - GMAC, they'd probably be out of business by now.

If one were to conspire to destroy this once great country, they could think of no better plan than to enact the fiscal and trade policies our politicians have promoted over the last decade. The terrorists don't have to do anything to destroy our country, we're managing quite nicely without their help.

Americans need to turn off the TV, stop believing what their told and start doing some critical thinking about what they see happening. These issues need to be core platform issues of candidates running for office and I'm not talking about Al Gore's lame "medicare lock box" drivel and then they need to be held accountable to ensure their implementation.

Slavery was never really abolished in this country, the criteria simply shifted from the color of one's skin to the amount of debt that they have. The master is now the banker and people in debt are enslaved to them. That reminds me, congress recently passed new legislation that prevents individuals from filing chapter 7 bankruptcy. That means your debt will be restructured in a way that you can pay it back but make no mistake, you will pay it back unless you'd rather be living in a cardboard box in an alley somewhere.

Trade deficits like we have today mean our children will inherit the responsibility to pay for them. Five percent interest on $665 billion dollars is $30 billion dollars a year. That's just the cost of the interest and that's just one obligation we're leaving to our children not to mention the cost of all of the other un-funded liabilities they will incur. We are a country with a "service" economy alright. We have become a country of people whose life's work will be to "service" the interest on a debt that can never be paid back. Personally, I'm truly ashamed to be part of a generation who's legacy was to enslave their children in poverty.

Chrenkoff's 23rd

The 23rd installment of Arthur Chrenkoff's Good News From Iraq is up. The installments keep getting longer and longer as the good news keeps building. Iraq is in every way undergoing an amazing transformation. The economy is growing, the infrastructure is improving, and the security situation is steadily improving. Even some of President Bush's critics are now admitting that maybe there is cause for optimism after all.

Going It Alone

We read that the Italians are planning to withdraw their troops from Iraq in September. We're also told in the same article that fourteen other nations have withdrawn their forces in the past year, and that twenty three nations besides the U.S. still remain there, contributing almost 23,000 troops.

Huh. And here we thought from listening to Chris Matthews that our "go-it-alone" president had us there all by ourselves.

Safer in Iraq

Some 75 Americans have been killed in hostilities so far this year in ..... Philadelphia. There have been five people murdered in the last six days in York, PA. It's safer to be an American soldier in Iraq right now than it is to be a resident in America's cities.

Tuesday, March 15, 2005

Greenspan on SS

Dr. Greenspan's latest testimony was thoroughly disturbing and I would like to respond to it more completely but for now I can only post the following in response to the link:

However, by almost any measure, the required amount of saving that would be necessary is sufficiently large to raise serious questions about whether we will be able to meet the retirement commitments already made. Much has been made of shortfalls in our private defined-benefit plans, but the gross underfunding currently at $450 billion, although significant as a percentage of the $1.8 trillion in assets of private defined-benefit plans, is modest compared with the underfunding of our publically administered pensions.

So what is Dr. Greenspan saying here? Relative to the rip off of the public by their employers, the government rip off isn't as bad?

At present, the Social Security trustees estimate the unfunded liability over the indefinite future to be $10.4 trillion. The shortfall in Medicare is calculated at several multiples of the one in Social Security. These numbers suggest that either very large tax increases will be required to meet the shortfalls or benefits will have to be pared back.

It looks like the link I've posted several times in the past interview (requires Real Player) with Mr. Lawrence Kotlikoff turns out to be quite acurate.

Because benefit cuts will almost surely be at least part of the resolution, it is incumbent on government to convey to future retirees that the real resources currently promised to be available on retirement will not be fully forthcoming. We owe future retirees as much time as possible to adjust their plans for work, saving, and retirement spending. They need to ensure that their personal resources, along with what they expect to receive from government, will be sufficient to meet their retirement goals.

What I read here is that Dr. Greenspan is suggesting that congress tell the people that the government isn't going to keep its promise of return on the investment workers have made all of their working lives and the sooner the better. Yet our government fully intends to continue taking our dollars out of every pay check to fund the promise that they now can no longer keep.

In other words, we the government made a promise to you, the poor working sap, that we will take your money and give it back to you when you need it. But now we see that there is no way we can keep our promise so we have a responsibility to tell you that you are screwed as soon as possible so you can adjust your expectations. But we're going to continue taking your money. Where's the outrage?

If Dr. Greenspan is so concerned about our "personal resources being sufficient to meet our retirement goals, then why does the government continue to take them from us? Why does the Fed maintain a policy of low interest rates that encourages further debt rather than savings? Why is there rampant inflation as a result of Fed policy that encourages people to spend today because tomorrow their dollars will be worth less? Why has the Fed created the biggest housing bubble in history so people can take out home equity loans that enables them to consume more stuff and at the same time, acquire further debt?

During the first Bush administration, Secretary of Treasury Paul O'Neil commissioned a study to determine the extent of the unfunded liabilities of the US and discovered it was $44 trillion dollars (today it's about $55 trillion). Upon making the administration aware of this crisis, he was dismissed. Paul O'Neil was a good man (ex CEO of Alcoa) but a lousy politician. You see, were his findings to become public knowledge, Bush may not have been reelected.

Now that Bush is in his second term, the timing is more appropriate to let the word out in a "kinder and gentler" way. According to Dr. Greenspan, the shortfall in Medicare is calculated at "several multiples of the one in Social Security". Good luck America.

Another Example of Islamic Justice

The Iranian legal system continues to impress us with the wisdom and mercy of Koranic justice:

After months of solitary confinement, Iranian Christian pastor Hamid Pourmand now finds himself incarcerated in a group cell with other political prisoners at Tehran's maximum-security Evin Prison.

A former army colonel who converted from Islam to Christianity nearly 25 years ago, Pourmand was found guilty by a military court on Feb. 16 of "deceiving" the Iranian armed forces about his faith. The Islamic regime in Iran has made it illegal for a non-Muslim citizen to serve as a military officer, since that puts him in a position of authority over Muslim soldiers.

Although the accused Christian produced documents proving that his military superiors knew about his conversion, the court declared them false and handed Pourmand a maximum penalty of three years in jail.

Sources inside Iran remain fearful for Pourmand's life, despite the written three-year jail sentence. "Three years has no meaning, because in a political jail like Evin, they can keep them for many more years, or they can even kill them," one stated.

Hamid Pourmand's life is in jeopardy, but it could be worse. He should be thankful he's not a thirteen year old rape victim, for instance. The Iranians condemn these poor waifs to flogging or death for the crime of seducing the rapist. Allah might beam with pride at the moral purity and crystalline logic of Iranian justice, but for our part, we think Allah would prefer to see the people rise up and kick these cruel, narrow-minded mullahs in their holy posteriors.

Monday, March 14, 2005

Ominous Fleet Deployments

The India Daily has a report about naval movements that sound ominous:

The U.S. Navy aircraft carrier USS Theodore Roosevelt is on the move in Atlantic Ocean and is possibly headed towards the Mediterranean Sea. The convergence of three carrier groups in the corridor of the Middle East will send very strong message to the Syrians and Iranians. There are indications that soon US is moving two more aircraft carrier battle groups to the Eastern Mediterranean Sea and the Persian Gulf. This will spell a formidable strike force for Iran and Syria who are in defiance on issues of Lebanon and Nuclear weapons development.

Outbound from Singapore, the USS Carl Vinson is currently crossing the Indian Ocean headed towards Middle-East. This will be the first time since February 2004 that US will have three major carrier groups stationed on and around Middle East.

Each of these carrier groups carry nearly 85 aircraft and is capable of delivering precision-guided munitions. In addition there are anti-submarine aircraft, airborne-early-warning and rotary-wing aircraft. Because of in-air refueling capabilities these aircraft can operate from a long distance. The carrier groups are independent and can operate indefinitely.

U.S. military air bases in Turkey, Qatar, the United Arab Emirates and Indian Ocean island of Diego Garcia and the three carrier groups will create a formidable force far superior to any military in the region. In addition more than 100,000 battle hardened force in Iraq will be another major force in case US has to use force against Iran and Syria.

It seems the Americans are preparing to deal with Syria and Iran in the next several months. The first priority right now is diplomacy in association with the Europeans and the rest of the world. But the leadership in Teheran and Damascus are taking notice of the power build up in the region. There are seeds of democracy in Lebanon, Iran and Syria. The whole region is getting a quick lesson on the benefits of democracy.

This last sentence is a masterful bit of dry sardonicism. Iran and Syria appear indeed to be about to get a very serious lesson in the benefits of democracy. One of those lessons is that if you are a functional democracy you spare yourself a visit from the American fleet. Let's hope that force is not needed to get Syria out of Lebanon and to turn over Saddam's weapons of mass destruction. Let's also hope that force is not needed to persuade Iran to give up it's nuclear ambitions. If suasion should fail, however, let's further hope that the administration is better prepared for the aftermath of a military strike in those two countries than they were for the aftermath of Operation Iraqi Freedom.

Little Green Footballs links us to this site for a breakdown of which ships are being deployed.

The Cedar Revolution

Photos from today's massive anti-Syrian demonstration in Lebanon can be viewed here. Also, Hugh Hewitt has an interview with a journalist on the scene.

The message seems pretty clear to the former ophthalmologist in Damascus. Lebanon is on the verge, it appears, of rising up and throwing the Syrians out of their country. It will be interesting to see if Assad seeks to suppress this nascent revolution by force with the American navy sitting just offshore and 100,000 troops on his eastern border. In any case, it seems clear that Bush 43 is not going to make the same grievous error his father made when he allowed Saddam to massacre thousands of Iraqis who sought his overthrow after the first Gulf war.

Our guess, and our hope, is that Assad will choose retreat rather than confrontation. Either way, though, it appears he will be seriously weakened politically and may not survive in office, or in any other way for that matter.

Mid-East Tensions Mount Again

The Times OnLine has released a story that claims that Israel is planning a joint air/ground assault on Iran's nuclear facilities:

Israel has drawn up secret plans for a combined air and ground attack on targets in Iran if diplomacy fails to halt the Iranian nuclear programme. The inner cabinet of Ariel Sharon, the Israeli prime minister, gave "initial authorisation" for an attack at a private meeting last month on his ranch in the Negev desert.

Israeli forces have used a mock-up of Iran's Natanz uranium enrichment plant in the desert to practise destroying it. Their tactics include raids by Israel's elite Shaldag (Kingfisher) commando unit and airstrikes by F-15 jets from 69 Squadron, using bunker-busting bombs to penetrate underground facilities.

The plans have been discussed with American officials who are said to have indicated provisionally that they would not stand in Israel's way if all international efforts to halt Iranian nuclear projects failed.

Condoleezza Rice, the US secretary of state, said that America would support Britain, France and Germany in offering economic incentives for Tehran to abandon its [nuclear]programme....yesterday Iran rejected the initiative, which provides for entry to the World Trade Organisation and a supply of spare parts for airliners if it co-operates. "No pressure, bribe or threat can make Iran give up its legitimate right to use nuclear technology for peaceful purposes," said an Iranian spokesman.

This is not looking good. It appears that the Mid-east is moving ineluctably toward another conflict. If Iran refuses to stop producing nuclear weapons how else can things turn out? Iran has stated that if they ever acquire such weapons they will use them against Israel, so Israel clearly cannot allow them to have them.

We wonder how the paleo-cons and the anti-war Left will react to an Israeli attack. We're curious, too, as to how the Times got the story. Was it leaked? If so, by whom and why? It will also be interesting to see whether the publicity will cause Israel to abort their plans. We doubt it.

The Decline of Environmentalism

Nicholas Kristoff has a fine essay in the NYT on the decline of the environmental movement in the U.S. Much of what he says is on the mark. Kristoff is a lefty so his criticisms of the contemporary environmentalist movement, which is comprised largely of leftists, are the more telling. Here are some of them:

The fundamental problem, as I see it, is that environmental groups are too often alarmists. They have an awful track record, so they've lost credibility with the public. Some do great work, but others can be the left's equivalents of the neocons: brimming with moral clarity and ideological zeal, but empty of nuance....I was once an environmental groupie, and I still share the movement's broad aims, but I'm now skeptical of the movement's "I Have a Nightmare" speeches.

In the 1970's, the environmental movement was convinced that the Alaska oil pipeline would devastate the Central Arctic caribou herd. Since then, it has quintupled.

When I first began to worry about climate change, global cooling and nuclear winter seemed the main risks. As Newsweek said in 1975: "Meteorologists disagree about the cause and extent of the cooling trend ... but they are almost unanimous in the view that the trend will reduce agricultural productivity for the rest of the century."

This record should teach environmentalists some humility. The problems are real, but so is the uncertainty. Environmentalists were right about DDT's threat to bald eagles, for example, but blocking all spraying in the third world has led to hundreds of thousands of malaria deaths.

Likewise, environmentalists were right to warn about population pressures, but they overestimated wildly. Paul Ehrlich warned in "The Population Bomb" [1969] that "the battle to feed humanity is over.... Hundreds of millions of people are going to starve to death." On my bookshelf is an even earlier book, "Too Many Asians," with a photo of a mass of Indians on the cover. The book warns that the threat from relentlessly multiplying Asians is "even more grave than that of nuclear warfare."

Kristoff hints, though he doesn't say it explicitly, that part of the problem with the environmental movement in the U.S. is that it has come to be seen as too ideological. It gives people every reason to think that the real agenda is not so much saving the environment but rather the destruction of corporate capitalism and private property. As a result they've alienated a lot of people who would otherwise share their environmental goals. Kristoff finishes with this:

The loss of credibility is tragic because reasonable environmentalists - without alarmism or exaggerations - are urgently needed....So it's critical to have a credible, nuanced, highly respected environmental movement. And right now, I'm afraid we don't have one.

No, but we do have some very laudable environmental organizations. Our money goes to The Nature Conservancy, an organization which works quietly to preserve the Last Great Places, as they put it, by buying them up. There's a lot more out there to buy and a lot of nature to protect, so perhaps some of our readers might be inclined to give them a hand.

Sunday, March 13, 2005

Are the Insurgents Becoming a Spent Force?

The Strategy Page puts the recent carnage in Iraq into broader perspective.

March 10, 2005: While spectacular suicide car bombings continue, the overall level of attacks continues to decline, as it has since the January 30 elections. The terror attacks now are being done mostly for the benefit of the foreign media, for the killings are only making the population more hostile to the al Qaeda and Sunni Arab groups that are responsible for nearly all the violence. The terrorists are being hit as never before, with more police raids into neighborhoods known to be terrorist strongholds. Weapons and bomb making materials are seized and arrests made.

Sometimes, the resistance is heavier than expected. A raid today in Baghdad resulted in 14 policemen and at least four terrorists getting killed, as well as 65 policemen, and over a hundred terrorists and civilians wounded. The resistance was so fierce because the terrorists are running out of places to hide. Many have already had to flee "friendly neighborhoods" several times in the last few months. Terrorists are having a harder time recruiting because of this, and many terrorist cells are down to the hard core. These guys will stand and fight, and get killed.

Iraqi media is playing the battle between the terrorists and the security forces for what it is, gang-busters. Confessions of captured terrorists are televised, and camera crews increasingly accompany the Iraqi police on their raids, or to crime scenes where the bodies of terrorist victims have been discovered. The fact that the terrorists are now killing women and children is pointed out, as this is considered over-the-line behavior, and the mark of true outlaws.

It would be nice if the evening news would provide a little of this context along with their reports of car bombings and assassinations. By largely omitting the background they leave their viewers with the impression that all is chaos and carnage in Iraq, and that the situation is hopelessly out of hand. This is not fair to anyone involved and certainly not fair to the viewers. The fact that people have to go elsewhere for a fuller understanding of this conflict is one reason why the evening news in particular and the MSM in general is going the way of the dinosaurs.

Liberalism's Lunatic Fringe

For the truly troubled libs even a Bush/Cheney bumper sticker is like a strobe light to an epilectic:

TAMPA - Politics has always been divisive, splitting families and turning friend against friend. This week, though, a Tampa woman learned that simple Bush-Cheney bumper sticker can bring trouble, if not danger, from a total stranger. Police say Michelle Fernandez, 35, was chased for miles Tuesday by an irate 31-year-old Tampa man who cursed at her as he held up an anti-Bush sign and tried to run her off the road.

His sign, about the size of a business letter, read: Never Forget Bush's Illegal Oil War Murdered Thousands in Iraq.

"I guess this was a disgruntled Democrat," Tampa Police spokesman Joe Durkin said. "Maybe he has that sign with him so he's prepared any time he comes up against a Republican."

Police arrested Nathan Alan Winkler at his home on N Cleveland Street near Hyde Park within an hour of the incident. After finding the antiwar sign in his car, they booked him into the county jail on one count of aggravated stalking, a third-degree felony punishable by up to five years in prison, Durkin said.

Durkin said Winkler told police officers he got upset with Fernandez because she "gave him the finger." Fernandez told the Times Wednesday that "whatever gestures I made, I made them because I was trying to figure out why he was honking at me and pointing to his sign."

"At first I didn't know why he was screaming at me," she said. "Then it clicked." In her frantic nine-minute call Tuesday to a 911 dispatcher, Fernandez said it was the Bush Cheney '04 bumper sticker on her green Ford Expedition that set the other driver off.

"I was just almost run off the road by a man," she told the dispatcher at 5:14 p.m. She was taking her son, 10, and daughter, 3, to a ballfield. "He just ran me off because I have a Bush bumper sticker in my car. He had some type of - he drove up next to me with - he had a sign on it like hanging from his - from the passenger window, that said something about the war in Iraq....I'm shaking like a leaf."

Durkin said Winkler started following Fernandez at the intersection of Columbus Drive and Armenia Avenue shortly after 5 p.m. "He told our officers that he just got mad at her, so he went after her," Durkin said. As Fernandez drove south on Armenia, the other driver pulled alongside her in his black 1996 Nissan, beeping his horn and "flailing his arms," according to a police report.

He held the antiwar sign up to his passenger-side window, she said, following her along busy streets in south and west Tampa and veering into her path, forcing her to swerve to avoid a collision. She pleaded with the dispatcher for help and tried to get away by running through stop signs and changing directions.

"Oh, now he's following me! I'm gonna get back on Kennedy now. I don't know what to do!" she told the dispatcher, her voice rising. At one point the man pulled his car in front of Fernandez's, got out and started running toward her, Fernandez told police."He just pulled over next to me, he's stopping the car, it's ridiculous, this man!" she said. "He's running after my car. Oh my goodness, he's a fanatic, he's in the middle of the street!"

She drove along Arrawana Avenue and Habana Street, then back onto Kennedy Boulevard, but she couldn't shake him, Durkin said. "He's trying to hurt us. Look at this, what a moron," she said. "Look at him!... Idiot!"

The dispatcher told Fernandez to drive to the Tampa police office near Raymond James Stadium, but she drove instead to the ballfield where she had been headed with her children before the chase. She met with a police officer and carefully described the Nissan and its tag number, Durkin said.

Officers traced the tag to Winkler, went to his home within an hour and arrested him. "This could have been tragic, for her and her children and for other people on the road as this was going on," Durkin said. "But she did all the right things. She showed remarkable poise, she didn't engage him. She called us."

"I respect him for having his beliefs and feeling so strongly," Michelle Fernandez said Wednesday night, her nerves still frayed. "But here he is protesting the war and lost lives, and he is going to put me and my children in danger? This man has a serious problem."

Yes, he does, and he's not alone. Thanks to Little Green Footballs for the tip.

Disposable Society

Some time ago, I learned that my daughter's boyfriend had been "kicked" out of his home by his father. I don't know the reason why but the fact was he was "out of doors". He had nowhere to go and his prospects where dim. I lent him some money to make a down payment on an apartment and he paid the loan back monthly.

Today, while in church waiting for the service to begin my daughter related to me a particularly disturbing story of two friends of hers - one child who's father had married the mother of the other child and both children have recently been "kicked" out for no better reason than the parents wanted time alone with each other.

While my daughter and I were working on her application for room and board for the college she will be attending this August, there was a section where she could indicate a roommate if she had a preference. My daughter had planned to room with a friend of hers from high school but she informed me that she might not be attending college because she, too, had recently been "kicked" out of her home and would have to be responsible for her college expenses.

I'm just one person who has learned of this sick phenominon in which four children are "out of doors". What does that extrapolate to nation wide?

I have a degree in psychology yet I simply cannot understand what enables a parent to abandon their children. What possible rationale can someone construct that enables them to justify in their own minds such behavior?

I have wondered why America isn't referenced in the book of Revelations in the events that unfold at that time. I've come to the conclusion that we, as a nation, will simply be irrelevant by the time those events unfold. We will have been judged, long before then for our selfishness, greed, and avarice, and found woefully wanting.

Saturday, March 12, 2005

Ward Churchill and Phil Mitchell

The good professor's troubles keep mounting at the University of Colorado:

University of Colorado officials investigating embattled professor Ward Churchill received documents this week purporting to show that he plagiarized another professor's work. Officials at Dalhousie University in Nova Scotia sent CU an internal 1997 report detailing allegations about an article Churchill wrote.

"The article . . . is, in the opinion of our legal counsel, plagiarism," Dalhousie spokesman Charles Crosby said in summarizing the report's findings.

Dalhousie began an investigation after professor Fay G. Cohen complained that Churchill used her research and writing in an essay without her permission and without giving her credit. Although the investigation substantiated her allegations, Cohen didn't pursue the matter because she felt threatened by Churchill, Crosby said.

Crosby said Cohen told Dalhousie officials in 1997 that Churchill had called her in the middle of the night and said, "I'll get you for this."

Cohen still declines to talk publicly about her experience with Churchill, but she agreed the Dalhousie report could be shared with CU officials, Crosby said, because "whatever concerns she may have about her safety are outweighed by the importance she attaches to this information getting out there."

Meanwhile, university officials pull long faces and ponder gravely what they should do about the old Lefty warhorse - academic freedom and all those other cherished values of the academy must be respected, don't you know. Nevertheless, there are some teachers that even the most tolerant institution cannot abide, and one of those is Dr. Phil Mitchell who appeared last Wednesday night on MSNBC's Scarborough Country.

Dr. Mitchell who teaches in the history department at a major American university was informed by his chairman recently that his teaching contract will not be renewed in the Fall because his teaching is not up to university standards.

It's about time, you say. More universities should clear out the deadwood, you declaim. But Dr. Mitchell received an award in 1999 recognizing him as an outstanding teacher. He's also been acknowledged by his colleagues as an excellent instructor. So why is his teaching not up to university standards? It turns out that he is a racist and, worse, a theist.

In one of his classes, apparently, Dr. Mitchell, the father of two adopted black children, cited the opinion of Thomas Sowell, a black economist, who holds a dim view of affirmative action. This offended some students and, of course, the last thing that universities want on their faculty is a professor who offends people.

He also committed the unpardonable offense of quoting from a text on 19th century liberal protestantism, and, in the course of the discussion, made reference to G_d. Apparently, the reference was not part of a profanity, which would've been protected free speech, but was instead respectful, which evidently is not.

For these crimes against the spirit of political correctness and Left-wing orthodoxy his university decided he had to go. The announcement aroused no student demonstrations on behalf of academic freedom, as did the kerfuffle surrounding the martyr Ward Churchill, the ACLU found themselves otherwise occupied and unable to come to his aid, and faculty petitions castigating the administration for the "chilling effect" their dismissal of Dr. Mitchell would have on the spirit of open inquiry on campus were notable for their absence.

Even so, the administration later relented, but still prohibited him from teaching in the history department.

Which university is it that maintains such rigorous standards that anyone who gives offense or shows signs of having a favorable view of religion risks being cashiered? Which university is it that will not tolerate the likes of a Dr. Mitchell? The University of Colorado. The exact same institution which is currently wringing its hands over what to do about an academic fraud and bully who managed to offend just about the entire nation with his comments about 9/11. Evidently, Dr. Mitchell's mistake was being fond of his country, being religious, and not making up a story that he was part Indian.

The taxpayers of Colorado are presumably pleased at the vigilance displayed by university officials in the case of the unfortunate Dr. Mitchell and also with their diligence in making sure that only instructors of the finest character stand before the young minds in Colorado's history department.

For more on this travesty go here.

The Case For Judeo-Christian Values, cont'd

Dennis Prager's series of columns on The Case for Judeo-Christian Values continues with Part VI and Part VII.

Part VI addresses the contemporary emphasis on the appeal to feelings rather than to external moral authority in determining how one should act. He writes:

With the decline of the authority of Judeo-Christian values in the West, many people stopped looking to external sources of moral standards in order to decide what is right and wrong. Instead of being guided by God, the Bible and religion, great numbers - in Western Europe, the great majority - have looked elsewhere for moral and social guidelines.

For many millions in the twentieth century, those guidelines were provided by Marxism, Communism, Fascism or Nazism. For many millions today, those guidelines are ... feelings....feelings are the major unifying characteristic among contemporary liberal positions.

His examples are guaranteed to raise eyebrows... and perhaps blood pressure. For example:

Aside from reliance on feelings, how else can one explain a person who believes, let alone proudly announces on a bumper sticker, that "War is not the answer"? I know of no comparable conservative bumper sticker that is so demonstrably false and morally ignorant. Almost every great evil has been solved by war - from slavery in America to the Holocaust in Europe. Auschwitz was liberated by soldiers making war, not by pacifists who would have allowed the Nazis to murder every Jew in Europe.

He closes Part VI with this:

Reliance on feelings in determining one's political and social positions is the major reason young people tend to have liberal/left positions - they feel passionately but do not have the maturity to question those passions. It is also one reason women, especially single women, are more liberal than men - it is women's nature to rely on emotions when making decisions. (For those unused to anything but adulation directed at the female of the human species, let me make it clear that men, too, cannot rely on their nature, which leans toward settling differences through raw physical power. Both sexes have a lot of self-correcting to do.)

Feelings also play a major role in many conservatives' beliefs. Patriotism is largely a feeling; religious faith is filled with emotion, and religion has too often been dictated by emotion. But far more conservative positions are based on "What is right?" rather than on "How do I feel?" That is why a religious woman who is pregnant but does not wish to be is far less likely to have an abortion than a secular woman in the same circumstances. Her values are higher than her feelings. And that, in a nutshell, is what our culture war is about - Judeo-Christian values versus liberal/leftist feelings.

In Part VII he considers the concept of evil and how this concept creates a great divide between the Judeo-Christian view of morality and other, competing, conceptions:

In much of the Arab and Muslim world, "face," "shame" and "honor" define moral norms, not standards of good and evil. That is the reason for "honor killings" - the murder of a daughter or sister who has brought "shame" to the family (through alleged sexual sin) - and the widespread view of these murders as heroic, not evil. That is why Saddam Hussein, no matter how many innocent people he had murdered, tortured and raped, was a hero to much of the Arab world. As much evil as he committed, what most mattered was his strength, and therefore his honor.

In the contemporary Western world, most people who identify with the Left - meaning the majority of people - hate war, corporations, pollution, Christian fundamentalists, economic inequality, tobacco and conservatives. But they rarely hate the greatest evils of their day, if by evil we are talking about the deliberate infliction of cruelty - mass murder, rape, torture, genocide and totalitarianism.

That is why communism, a way of life built on cruelty, attracted vast numbers of people on the Left and why, from the 1960s, it was unopposed by most others on the Left. Even most people calling themselves liberal, not leftist, hated anti-communism much more than they hated communism.

[T]he Left throughout the world generally has contempt for people who speak of good and evil. They are called Manichaeans, moral simpletons who see the world in black and white, never in shades of grey. Western Europeans and their American counterparts loathe the language of good and evil and correctly attribute it to religious - i.e., Judeo-Christian - values. Among those values is fighting evil and "burning evil out from your midst." And to do that, you have to first hate it. Because if you don't hate evil, you won't fight it, and good will lose.

This is an excellent series of columns. If you missed any of the first five installments you can link to them by going to Prager's archive which you will find here.

Friday, March 11, 2005

Note to Guiliana: Please Shut Up

Guiliana Sgrena's story, like a species in thrall to the pressures of Darwinian natural selection, undergoes slow gradual modifications until finally something completely new appears to emerge. Whereas she originally said that hundreds of rounds were fired at the car, photos show only two bullet holes in the vehicle. It also develops that the firing was from the side and rear of the car, consonant with the claim that the vehicle did not stop and instead tried to pass through the checkpoint. Not only did the U.S. military not know anything about Sgrena's release, neither, apparently did the Italian military.

The woman is turning this tragedy into a national embarrassment....for the Italians. No wonder they want her to just shut up.

Captain Ed has the details.

More Wake Up America

Well, the trade deficit figures have been announced for January and they're the second highest in history at $58 billion dollars.

The largest contribution to the trade gap was trade with China (no surprise there) and we're told it was mostly because of an increase in the import of textiles. Gee, since we gutted the textile industry in North Carolina, I guess we have to buy our textiles from somewhere else so it might as well be China, right?

I'd like to direct your attention to the article at this link.

The US has apparently lost the ability to create high productivity, high value-added jobs in tradable goods and services. The ladders of upward mobility are being dismantled by offshore production for home markets and outsourcing of knowledge jobs.

The BLS reports that the number of employed US technical workers has fallen by 221,000 in six major computer and engineering job classifications during 2000-2004. The largest drops were suffered by computer programmers, followed by electrical and electronics engineers, computer scientists and systems analysts.

So much for the new economy that economists promised would take the place of the lost manufacturing economy. America's remaining job market is domestic nontradable services. While India and China develop first world job markets, the US labor market takes on the characteristics of a third world work force. Only jobs that cannot be outsourced are growing.

The Bush economy has seen a loss of 2.8 million manufacturing jobs, a rise in the unemployment rate of 1.2 percentage points, and a stagnation in real weekly earnings. How bad will things have to get before economists realize that outsourced jobs are not being replaced? Indeed, many American companies are ceasing to have any presence in the US except for a sales force.

Cisco's CEO, John Chambers, declared recently: "What we're trying to do is outline an entire strategy of becoming a Chinese company." Cisco is establishing a new R&D center in Shanghai. The US corporation manufactures $5 billion of products in China where it employs 10,000 people.

That is just one company, and there are many doing the same thing. The result is abandonment of the American work force by American corporations. Little wonder the Bush administration is the first administration in 70 years to have a net loss of private sector jobs.

If one US company or a few move offshore, their profits improve and consumer prices are lower. However, when work in general moves offshore, Americans lose the incomes associated with the production of the goods they consume. Domestic production is turned into imports, with the result that America draws down its accumulated wealth in order to pay for the imports on which it is dependent.

Perhaps this is why, in part, Warren Buffet suggests that instead of the "ownership society" proffered by the Bush administrations we're more likely to be a "sharecropper" society.

From Warren Buffet's Annual Report to the Berkshire Hathaway Stockholders (the good stuff starts on page 19 under the heading of "Foreign Currencies").

Should we continue to run current account deficits comparable to those now prevailing, the net ownership of the U.S. by other countries and their citizens a decade from now will amount to roughly $11 trillion. And, if foreign investors were to earn only 5% on that net holding, we would need to send a net of $.55 trillion of goods and services abroad every year merely to service the U.S. investments then held by foreigners. At that date, a decade out, our GDP would probably total about $18 trillion (assuming low inflation, which is far from a sure thing). Therefore, our U.S. "family" would then be delivering 3% of its annual output to the rest of the world simply as tribute for the overindulgences of the past. In this case, unlike that involving budget deficits, the sons would truly pay for the sins of their fathers. This annual royalty paid the world - which would not disappear unless the U.S. massively under-consumed and began to run consistent and large trade surpluses - would undoubtedly produce significant political unrest in the U.S. Americans would still be living very well, indeed better than now because of the growth in our economy. But they would chafe at the idea of perpetually paying tribute to their creditors and owners abroad. A country that is now aspiring to an "Ownership Society" will not find happiness in - and I'll use hyperbole here for emphasis - a "Sharecropper's Society." But that's precisely where our trade policies, supported by Republicans and Democrats alike, are taking us.

So, why would Buffet invest about $20 billion in foreign exchange contracts spread among 12 currencies? Simply because he has little confidence in the US dollar yet he can't put all of that money anywhere else. Also, he faces the same dilemma many countries are confronted with. They have more U.S. dollars than they want, they know they're diminishing in value, but there is no market that is liquid enough to absorb them (other than the U.S. treasury bond market which is happy to sell bonds at the expense of Americans).

Consider that the US Treasury has perhaps $11 billion in gold reserves. If Buffet were to attempt to purchase $21 billion dollars worth of gold, the price of gold would rise so quickly he wouldn't be able to take delivery. In addition, his actions would probably collapse the financial markets around the world.

Note that several years ago, he did acquire several million ounces of silver when it was selling for around $3.50 an ounce.

Interestingly, Buffet laments

"I didn't do that job very well last year. My hope was to make several multi-billion dollar acquisitions that would add new and significant streams of earnings to the many we already have. But I struck out. Additionally, I found very few attractive securities to buy. Berkshire therefore ended the year with $43 billion of cash equivalents, not a happy position. Charlie and I will work to translate some of this hoard into more interesting assets during 2005, though we can't promise success."

Ok readers, here it is from one of the richest people on the planet, and he says he can't find anything to invest in. So why is the real estate market in a buying frenzy? Why have the stock markets boomed in the last three years? Why do so many people apparently disagree with him? The simple answer is that Buffet is a value investor. He only makes investments in propositions that represent value i.e. a reasonable chance for a return on one's investment. And, presently, he doesn't see any market to invest in that represents an opportunity for value. I wonder what that makes all those people who are currently jumping into real estate and the stock markets (like they did in late 1990s) with both feet ?

By the way, if any of our readers are interested in purchasing shares of Berkshire Hathaway, the class A stock - BRK is currently selling for slightly over $90,000 per share.

So, you might ask, what does all of this have to do with me? I don't have billions to invest so it's irrelevant. Well, the simple fact of the matter is that you, and I, are faced with the same problem as Mr. Buffet, the holding of a currency that's at extreme risk of loosing value, but unlike Buffet, we can protect our wealth in it's entirety. While the gold market is too illiquid for Buffet to invest in, we are able to purchase gold as a safe haven against the possibility of a debacle that may unfold.

In the final analysis, it all comes down to this simple message from Dr. Alan Greenspan written in 1968 that is more relevant today than ever.

At my Gold Page, I list a variety of ways one may protect their savings and future through investments in gold and gold-related investments. Personally, I prefer physical gold in hand. It's the equivalent of true wealth. Note that this page is purely a public service. I receive nothing whatsoever from any entity listed on this page.

Clever

"So: make a smash hit film about a guy who allows himself to be killed to redeem the world, don't get nominated. Make a modestly successful film about a gal who asks to be killed because she can't bear to live as an invalid, win Best Picture." Noah Millman.

Thanks to Evangelical Outpost for the tip.

George Soros' Bad Idea

George Soros, the sugar daddy of the Democratic Left, wants the U.S. to fight the war on terror after the manner of Spain, presumably by withdrawing within its own borders and letting others carry the burden of the conflict elsewhere. Here are a few excerpts from his recent remarks:

US billionaire financier George Soros slammed as dangerous Washington's strategy to fight terrorism, saying it was creating anger and resentment around the world.

Speaking on Spanish radio station Cadena Ser the day an international conference on terrorism opened in Madrid, Soros said Spain had "a very different response to terrorism - a healthier response".

The Hungarian-born businessman, who spent millions last year opposing US President George W Bush's re-election, said US policies had had negative consequences.

"Producing innocent victims creates anger and resentment. And this anger and resentment feeds terrorism," he said.

Exactly why or how Spain's is a "healthier response" Mr. Soros doesn't say, nor does he tell his listeners who he would nominate to take the United States' place in carrying the burden of the GWOT abroad should the U.S. follow Spain's example. Perhaps he believes that no one should take our place, that the Middle-East hell-holes that breed Islamic fanatics should just be allowed to fester and suppurate and ooze their deranged spawn across the globe. Such a policy would almost certainly make it necessary to fight the orcs in New York and Los Angeles rather than in Baghdad and Ramadi, just as Spain is having to fight them in Madrid, but if that thought disturbs Mr. Soros he gives no indication of it.

Perhaps Mr. Soros should stick to making vast sums of money and squandering it, if he wishes, on the political campaigns of such as John Kerry. He should definitely leave the war on terror to more qualified individuals.

Why Churches Decline

This report on the state of the Church in the UK and the reasons people give for leaving it contains a number of lessons for the Church in the U.S. would do well to heed (Emphasis is ours thoughout):

With Christian moral values and legal protections under assault on all sides, it is commonly said that the reason pews are emptying is that traditional religion is not relevant. A new survey of thousands of churchgoers in the United Kingdom says the opposite however, and indicates that the emptying of the churches has been caused mainly by preaching and pastoral care that has been emptied of moral or doctrinal Christian content. The survey addressed questions about why church attendance was falling so dramatically in the UK but growing elsewhere, even though two-thirds of the British population believes in God.

The results of the year-long survey of 14,000 UK residents by the interdenominational Ecumenical Research Committee has been called 'surprising' by mainstream secular and Christian media. The overwhelming response is to call on churches "to robustly defend moral values with conviction and courage and cease being 'silent' and 'lukewarm' in the face of moral and social collapse."

In an introduction, Lord Bromley Betchworth said "Those who spoke, did so with one voice...an alarming indication that there are multitudes of people across Britain and Ireland who feel that their views are not being heard or represented." The vast majority of the people in Britain and Ireland, he says, are still morally conservative. "They are appalled that moral values and treasured beliefs are being stood on their head and want churches to play a leading role in standing up for these things."

The survey itself asked four simple questions and avoided 'tick-box' responses in favor of written letters. The huge response was a surprise in itself and reflected a growing frustration and anger felt by many ordinary people about the direction of churches and society in general....Many gave variations on the response, "Why hasn't a survey like this been done before, so we can speak?" "At last, someone is listening, thank you so much." "Thank you for the chance to express our beliefs without fear."

Several 'traditionalist' Anglican clerics said that they had "to keep their own views to themselves in case their bishop, who held opposing beliefs, would remove them from their diocese." Many Catholics in North America have written that a similar situation exists there in which the churches are controlled exclusively by bishops and lay administrators who receive no Christian opposition to their officially sanctioned left-liberal dissent from the faith.

Over 90 percent of responses followed a uniform theme that the decline in traditional Christian moral and doctrinal teaching has caused the outflux of congregations. They listed the lack of apologetics, the reasoned defence and explanation of Christian doctrine, as one of the main reasons for the collapse. "It's a myth today that the people of this country have rejected Christianity; they simply haven't been told enough about it to either accept or reject it," wrote one respondent.

Thousands of letters also cited the lack of emphasis on the holiness of God and the need for personal moral conversion. The desire for teaching on holiness, was prevalent and has been influenced, said the authors, by Mel Gibson's film, the Passion of the Christ. Many responded that the churches now teach easy forgiveness; an attitude that 'God loves me anyway,' and that there is no need to attend church or live a morally demanding Christian life.

The overwhelming majority of respondents were vehemently opposed to ordaining homosexuals and blamed the churches for the rise in pedophilia scandals because of the prevalence of homosexuals in the clergy. Some celibate homosexuals wrote saying that the prevalence of support for homosexuality in the churches is undermining their efforts to live chastely. One young man wrote, "For sections of the Church to suddenly say that my struggle (to remain chaste)... was for nothing and that it would have been OK to have given in, would be to deny my personal cross for Christ and mock the faithfulness I have shown Him."

Two thousand letters asked for a return to traditional liturgy and pointed out that attempts to attract younger people with jazzed-up offerings had failed and had alienated older parishioners. Over 450 said they drove vast distances to attend a traditional liturgical celebration. 1,500 letters complained that the modern liturgies "bordered on entertainment rather than worship."

The survey supports what many Christians have been saying for decades: there is little point in attending a church whose message is no different from that of the materialistic secular world.

It is a mystery to us why it is a mystery to the mainline churches that their memberships are plummeting. Services in which the ministers and priests seem bored with what they do and give every appearance of not really believing what they say, do not incline people to return to the pew on the following Sunday. Services in which sermons seem dry, lifeless, uninspired, disorganized, superficial, and pointless, where there is no enthusiasm for the Gospel or for bringing truth to the larger culture, are simply not going to compete with those of churches which offer the opposites of these things.

Churches which have abandoned hundreds, or even thousands, of years of traditional moral and theological teaching in order to embrace the fashion of the times will hold on, perhaps, to their elderly but will find their middle-aged and younger parishioners looking elsewhere for spiritual nourishment. Why bother attending a church, after all, that's just floating along on the current of political, social, and cultural popular opinion and remains tethered to traditional Christianity by only the most nominal and tenuous attachments?

Many mainline churches in the U.S. have forgotten what they are and why they exist. Having long ago abandoned the Bible as the final authority in matters of faith and practice, they've convinced themselves that they're fulfilling their calling by undermining every moral and theological conviction in the Christian tradition. They suffer from a kind of institutional Alzheimer's disease and can look forward in their dementia to nothing more hopeful than continued decline until they eventually surrender up their last ecclesiastic breath.

If they wish to see the future they need only look at the Church in Europe.

Thursday, March 10, 2005

Fatwa Against Bin Laden

More Muslim leaders are apparently beginning to do what we wish they all had been doing since September of 2001:

MADRID (AFX) - Spain's Islamic Commission, which groups the nation's Muslim community, said it was issuing a fatwa against Al-Qaeda leader Osama bin Laden. "We are going to issue a fatwa (religious decree) against Bin Laden this afternoon," Mansour Escudero, who leads the Federation of Islamic religious entities (Feeri) and co-secretary general of the Spanish government-created Commission told AFP.

The Commission invited Spanish-based imams to condemn terrorism at Friday prayers, when the whole country will be remembering the 191 people who were killed in the train blasts and the 1,900 injured a year ago. The attacks have been blamed on mainly Moroccan Islamic extremists loyal to Bin Laden. 'We have called on imams to make a formal declaration condemning terrorism and for a special prayer for all the victims of terrorism,' Escudero said.

The Commission has also drawn up a document designed to "thank the Spanish people and the government for their attitude towards Muslims" since last March 11, in particular for not taking "disproportionate" measures similar to those which the Sept 11 attacks sparked in the US.

The Commission called on Muslims to take part in Friday's commemorative programme being organised by Spanish authorities and community groups and to work with them to ensure terrorism was defeated.

The gratuitous and ludicrous swipe against the United States' response to the deaths of three thousand citizens at the hands of Muslim fanatics notwithstanding, one hopes to see more such indications that European and American Muslim leaders wish to join the civilized world.

Heteronormativity and Other Crimes

FoxNews.Com has a regular feature called Tongue-Tied that chronicles the looniness of the politically-correct Left. Here are some excerpts from today's installment:

Actress Jada Pinkett Smith is under fire for a speech she made at Harvard University that was overly "heteronormative" and made gay students feel uncomfortable by not sufficiently addressing their status, reports The Crimson.

Organizers of the Cultural Rhythms show are apologizing for the offense caused by the wife of actor Will Smith. In the speech, she was said to be giving the story of her life "and her perspective was a heterosexual perspective. "She wasn't trying to be offensive. But some felt she was taking a narrow view, and some people felt left out," the apology reads.

Members of the Bisexual, Gay, Lesbian, Transgender, and Supporters Alliance (BGLTSA) said Pinkett Smith's comments implied that standard sexual relationships are only between males and females. "Some of the content was extremely heteronormative, and made BGLTSA members feel uncomfortable," said BGLTSA Co-Chair Jordan B. Woods.

No Easy Way Out

A Florida company is being sued because employees put a noose near a wastebasket at the back of one of its warehouses, reports the News-Press. A black former employee of Wayne Wiles Floor Coverings in Ft. Myers is suing the company, claiming the noose stunned and humiliated him because it is a symbol of the decades of lynchings that plagued the South after the Civil War.

The company says the noose was hung months or maybe a year before the employee went to work there and was part of a joke they shared about committing suicide and "taking the easy way out" when their jobs got too rough.

Ya' Just Can't Make This Stuff Up

Students at Middle Tennessee State University had a teach-in recently and came to the conclusion that use of the word "lady" to refer to female athletic teams was sexist and derogatory, reports the student paper there. A panel of students and faculty suggested that the school no longer use the term "Lady Raiders" to refer to the women's basketball team. (The men's team is named the "Blue Raiders.")

"When we use the word 'lady,' today at least, we recognize it as sort of a sexist remark," said Ryan Husak, a member of Solidarity. "It is used to sort of suggest secondary status." Because of the connotations of the word "lady," it is demeaning to athletes to refer to them in this manner, according to Husak.

The J-Word

A school board in Florida is considering dropping its pre-meeting invocations altogether after an invited clergywoman dared to utter the J-word during one of them, reports the Naples News. The Lee County School Board is concerned about being sued over the prayers with which it routinely kicks off its meetings. Its members are worried about endorsing a particular faith.

The board is acting following the prayer offered by Sara Vellekamp, a pastor at First Assembly of God and Cornerstone Ministries in Fort Myers. She concluded her July 27 invocation by saying, "In Jesus' name, we pray."

Horrible History

A strip mall owner in Wisconsin is catching hell for daring to fly a Confederate flag on his private property as part of a display of his collection of some 18 historically significant flags, reports the Green Bay Gazette. Norm Watermelon is flying the flag outside his history-themed Heritage Village Shoppes in Allouez. But it keeps getting stolen, and a couple locals say that the flag is racist and has no place on public display.

The flag flies alongside an oversized Old Glory; the flag for the battle of the Alamo; a St. George Cross; the Continental flag used at the Battle of Bunker Hill in 1775; and a replica of a Betsy Ross original, among others.

Not Black Enough

Students at Bowdoin College in Maine are shredding the College Republicans there for inviting a black conservative to speak on campus during Black History Month, according to the student paper there. The critics say North Carolinian Vernon Robinson is not really a black guy; he is, they say, an "Uncle Tom" who has no right to speak on campus. One writer said (with a straight face, presumably) that the Republican student group "displayed its lack of openness by inviting" him.

"To have Robinson speak at this school as a representative of Black History Month destroys the racial peace movement that has been formulating on this campus," one wrote.

For more examples of utterly astonishing boneheadedness go here, but don't do it unless you have a high tolerance for stupidity. Otherwise, the visit might drive you to despair.

"Heteronormative"?! Are they kidding?