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Daily Telegraph editors say there is finally some movement against Mugabe in Africa, and that it’s time for Nelson Mandela to do the same.
John Stossel wonders if McCain understands how markets work.
… This is not the first time McCain has displayed what I would call an anti-capitalist mentality. In an early presidential debate he countered former businessman Mitt Romney’s claim to superior executive experience by saying, “I led the largest squadron in the U.S. Navy, not for profit but for patriotism”.
Why the put down of profit?
It’s clear McCain does not understand how markets work or why they are good. He certainly doesn’t understand the role of speculators and other middlemen. He’s not alone. Speculators are among the most reviled people in history. When they were members of ethnic minorities, they have been easy targets for economically illiterate people who were jealous of their success.
McCain wonders “whether speculation has been going on.” He needn’t wonder. Speculation always goes on. Speculation means to take a risk on what the future holds in hopes of making a profit. The world’s stock and commodities markets are based on this principle. Sen. McCain must have meant it when he said, “I know a lot less about economics than I do about military and foreign policy issues”. …
Denver Post’s David Harsanyi takes a dim view of McCain’s battery prize.
… But this is about politics, of course, so it can’t make much sense. And McCain’s theatrical prize money offer grabbed headlines for a day.
Job done.
But when McCain peddles prize money, he also feeds the perception that industry and scientists aren’t already working diligently on energy breakthroughs — with batteries and areas unknown — or that the market doesn’t incentivize them to do so.
Worse, McCain makes it seem that a cure for oil is just beyond our grasp. Around $300 million away.
In this arms race of goofy ideas between the candidates — windfall taxes and gas-tax holidays, to name two — we’re sure to see more poorly thought-out plans in the near future.
Let’s hope they are just empty promises.
Jennifer Rubin thinks Obama is losing his Teflon sheen.
Barack Obama is endangering his status as the media darling of the 2008 presidential campaign. In fact, he has been the villain in the campaign story over the last few days. Two decisions — one small and one large — showed the dangers he faces. And a third showed that the post-racial candidate is no longer in evidence. It is no secret that the media has been openly rooting for Obama for months. His gaffes would have felled other candidates, his relationship with hate-mongering preachers would have disqualified mere mortal candidates and, of course, his lack of any national record of accomplishment might have prevented all but the most ego-inflated from even mounting a White House run. But it was hanging together fairly well until last week.
The trigger for the downward slide was his decision to abandon public financing. The decision made cold political sense given his likely enormous advantage over the McCain camp but there were two complicating factors: he had shaped his career as a “reformer” and he specifically promised that he would take public financing and the rules that go along with it.
To make matters worse he concocted a false and misleading, indeed an operatic” explanation that those mean Republicans forced him to take private money. …
And Bill Kristol slams MoveOn.org’s latest ad.
… Here’s what the mother of an actual soldier has to say about the remarks of the mother of the prospective non-soldier in the ad:
“Does that mean that she wants other people’s sons to keep the wolves at bay so that her son can live a life of complete narcissism? What is it she thinks happens in the world? … Someone has to stand between our society and danger. If not my son, then who? If not little Alex then someone else will have to stand and deliver. Someone’s son, somewhere.”
This is the sober truth. Unless we enter a world without enemies and without war, we will need young men and women willing to risk their lives for our nation. And we’re not entering any such world.
We do, however, live in a free country with a volunteer army. In the United States, individuals can choose to serve in the military or not. The choice not to serve should carry no taint, nor should it be viewed with the least prejudice. If Alex chooses to pursue other opportunities, he won’t be criticized by John McCain or anyone else.
But that’s not at all the message of the MoveOn ad.
The MoveOn ad is unapologetic in its selfishness, and barely disguised in its disdain for those who have chosen to serve — and its contempt for those parents who might be proud of sons and daughters who are serving. The ad boldly embraces a vision of a selfish and infantilized America, suggesting that military service and sacrifice are unnecessary and deplorable relics of the past.
And the sole responsibility of others.
The Economist reports on the growing use of windpower.
ON A ridge near Toledo in Castile-La Mancha stands a row of white windmills. Literary buffs, even if they have never been to Spain, will recognise them as the ferocious giants attacked by Don Quixote, Miguel de Cervantes’s fictional 17th-century hero. These days, however, they are dwarfed by legions of modern wind turbines that grind out not flour but power, helping to make Spain one of the leading producers of wind-based electricity in Europe.
Does this amount to tilting at windmills? There is no doubt that Spain’s wind turbines would not have been built without assistance from the highly visible hand of a government that wanted to prove its green credentials. But wind power is no illusion. World capacity is growing at 30% a year and will exceed 100 gigawatts this year. Victor Abate, General Electric’s vice-president of renewables, is so convinced that by 2012 half of the new generating capacity built in America will be wind-powered that he is basing his business plan on that assumption.
Wind currently provides only about 1% of America’s electricity, but by 2020 that figure may have risen to 15%. The one part of the United States that has something approximating a proper free market in electricity, Texas, is also keener than any other state on deploying the turbines. In May, T. Boone Pickens, one of the state’s most famous oil tycoons, announced a deal with GE to build a one-gigawatt wind farm—the world’s largest—at a cost of $2 billion. …
When the Russert wakes went over the top, you knew Hitchens was itching.
… But it was precisely around the time of these various wakes and memorials that the thing began to get seriously out of hand. One started to hear whispers about something more than the merely ordinary, as if a numinous and mysterious element had crept into the everyday obsequies. I quote from an e-mail entitled “The Russert Miracles,” which came to me from someone quite well-known in the world of Washington TV and media:
The first “Russert miracle,” as attendees called it, happened at the private funeral service held at Holy Trinity Church in Georgetown; the family had requested that Senators Obama and McCain sit together. … CNN Washington Bureau Chief David Bohrman describes the scene to Newsweek: “They sat side by side and spoke for twenty minutes. The body language was total friendship. … I kept thinking here we are at the funeral of the son of a sanitation worker, and the presidential candidates are having their first one-on-one conversation here.”
So at this point we are supposed to celebrate the holy miracle of “bipartisanship,” an everyday occurrence in the Senate of which both men are members. …
Thomas Malthus was the first and Jeff Jacoby says he’s not the last. Malthus claimed in 1798 the world would be overcome with population growth. The problem is exactly the opposite. Jeff has two columns on the subject.
… Like other prejudices, the belief that more humanity means more misery resists compelling evidence to the contrary. In the past two centuries, the number of people living on earth has nearly septupled, climbing from 980 million to 6.5 billion. And yet human beings today are on the whole healthier, wealthier, longer-lived, better-fed, and better-educated than ever before.
The catastrophes foretold by Malthus and his epigones – some of them in bestsellers like “The Population Bomb,” which predicted that “hundreds of millions of people are going to starve to death in spite of any crash programs embarked upon now” – have never come to pass. That is because people are not our greatest liability. They are our greatest asset – the wellspring of every quality on which human advancement depends: ambition, intuition, perseverance, ingenuity, imagination, leadership, love. …
From the second column.
In 1965, the population of Italy was 52 million, of which 4.6 million, or just under 9 percent, were children younger than 5. A decade later, that age group had shrunk to 4.3 million — about 7.8 percent of Italians. By 1985, it was down to 3 million and 5.3 percent. Today, the figures are 2.5 million and 4.2 percent.
Young children are disappearing from Italian society, and the end isn’t in sight. According to one estimate by the UN’s Population Division, their numbers will drop to fewer than 1.6 million in 2020, and to 1.3 million by 2050. At that point, they will account for a mere 2.8 percent of the Italian nation.
Italy isn’t alone. There are 1.7 million fewer young children in Poland today than there were in 1960, a 50 percent drop. In Spain 30 years ago, there were nearly 3.3 million young children; there are just 2.2 million today. Across Europe, there were more than 57 million children under 5 in 1960; today, that age group has plummeted to 35 million, a decline of 38 percent. …
List Verse with the top 30 failed technology predictions.
Throughout history man has been making predictions of the future. With the advent of technology, the predictions moved away from religious topics to scientific and technological. Unfortunately for the speakers, many of these failed predictions have been recorded for all future generations to laugh at. Here is a selection of the 30 best.
1. “There is no reason anyone would want a computer in their home.” — Ken Olson, president, chairman and founder of Digital Equipment Corp. (DEC), maker of big business mainframe computers, arguing against the PC in 1977.
2. “We will never make a 32 bit operating system.” — Bill Gates
3. “Lee DeForest has said in many newspapers and over his signature that it would be possible to transmit the human voice across the Atlantic before many years. Based on these absurd and deliberately misleading statements, the misguided public … has been persuaded to purchase stock in his company …” — a U.S. District Attorney, prosecuting American inventor Lee DeForest for selling stock fraudulently through the mail for his Radio Telephone Company in 1913.
4. “There is practically no chance communications space satellites will be used to provide better telephone, telegraph, television, or radio service inside the United States.” — T. Craven, FCC Commissioner, in 1961 (the first commercial communications satellite went into service in 1965). …