IT’S TIME TO BREAK AMERICA’S OLIGARCHY OF CORRUPTION
At the start of his political career, Senate Majority Leader Harry Reid, D-NV, was a man of modest means. After a lifetime in "public service," he has a net worth of up to $12 million. Sen. Reid often sponsors legislation that benefits firms represented by lobbyist sons Rory and Key, said Peter Schweizer, president of the Government Accountability Institute. In just four years between 1998 and 2002, firms connected to the Reid family earned more than $2 million "from special interests that were represented by the kids and helped by the senator in Washington," the Los Angeles Times reported. Corruption in Washington is driven more by extortion than bribery, Mr. Schweizer said. Bills have been introduced, "crises" manufactured primarily to extort contributions. "We need to somehow break the back of the ability of politicians to leverage their position to extract donations," Mr. Schweizer told CNN. Yes, indeed, it's time to put an end to Washington's Oligarchy of Corruption.
HALF-FULL REPORT 07/04/14
Welcome to the Happy Fourth of July HFR! Today is when we celebrate the Birth of America - mankind's most successful nation, that has created more freedom and prosperity for more human beings than any society, culture, or country in the history of this planet or any other. Those who disagree are cordially invited to read the full text of America's founding document adopted and signed by America's Founders on this day 238 years ago, the most moral political document in history, The Declaration of Independence. For it is its stated principles that created our nation. In fact, it would be worthwhile for all of us, before the barbeque, beer, and fireworks later today, to gather in a quiet place with friends, family, and loved ones to read the Declaration aloud, to have its moral genius resonate in our souls. And when you read aloud its 27 examples of "repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States," you will no doubt recognize that many of them are being purposefully perpetrated today - with the same direct object - by America's current tyrant, King Zero. The good news is that he is not King Zero I, as in "the First." There will never be another, a "the Second." This Fourth of July HFR will be devoted to discussing why.
THE REPULSIVE FACE OF THE FED BUREAUCRACY
There was an "audible gasp" from spectators when Internal Revenue Service Commissioner John Koskinen told the House Ways & Means Committee the hard drive on Lois Lerner's computer had been destroyed. The IRS broke the law when it targeted conservative groups; broke it again when it leaked confidential tax information; broke it a third time when it destroyed evidence. Mr. Koskinen wouldn't apologize for the lost emails; for not informing Congress for months afterward; for giving misleading testimony in March. He was "arrogant," did "a terrible job," said Sen. Claire McCaskill, D-Mo. He is "as smug and imperious as any bureaucrat you will meet," said the New York Post. "It's all there - the arrogance, the wealth, the air of privilege," said Rosslyn Smith, who blogs at the American Thinker. "He has the makings of a great Bond villain." The federal bureaucracy has a face. And it's really repulsive. How are we going to wipe the smug smile off it?
HAPPINESS AND BEING A GREAT TEAMMATE
I've played water polo for most of my life, and still do. I've had the privilege of playing on some truly excellent teams, and I've also played on some, well... not so excellent teams. I've also been involved with groups of psychologists who thought they knew how to be part of a team or build teams. I was always surprised at the lack of understanding among them. Today I want to talk about some of the things I've found over the years that make for an excellent team... and a not so excellent team, whether it's for work, play, or marriage. This is by no means exhaustive. There is so much that goes into team building that I can't put it all in one article. But I want to focus mostly on doing away with one great big flawed cliché: "There is no I in ‘team'." The truth is, an excellent team has excellent players, each one of whom is there for his personal achievement and for the team's collective achievement. There is no contradiction between the two. When either of these two elements is missing, the magic just won't happen. A perfect example of this happened at the World Cup on Tuesday (7/01).
GREENIES CAN’T PUT THE GENE GENIE BACK IN THE BOTTLE
The good news on this side of the Pond is that Britain could soon grow genetically modified crops commercially. This is a victory for common sense over irrational opportunism, and also for the environment over pollution. Under pressure from the European Union's health and consumer commissioner, Tonio Borg, and Britain's environment secretary, Owen Paterson, the EU is on the brink of ceding control of the issue to national governments. That suits countries such as France and Austria, who are implacably opposed to GM crops -- and Britain, which thankfully is not. It is now clear that the opposition to GM crops has been counter-productive for the environment as well as harmful to the economy and the consumer. Remember, "organic" bean sprouts killed 51 people in one E coli outbreak in Germany in 2011. GM food has killed nobody. There's now simply no way to argue with a straight face, after billions of GM meals have been eaten all round the world, that the technology is a threat to our health. The reverse is actually the case. So this is a technology that is safe for human health, better for the environment, more effective than the alternative and economically beneficial to consumers and farmers. Let the French ban it if they want to.
RUSSIA’S ECONOMIC CRISIS IS GETTING WORSE
The collapse of Ukraine's ceasefire yesterday (7/01) has shattered hopes for a quick end to the crisis in the Donbass, setting off fresh capital flight from Russia and raising the specter of further Western sanctions against Russian companies. Markets were caught off guard as Ukrainian leader Petro Poroshenko launched air strikes and an artillery barrage against rebels, pleading that he had no choice after they killed 27 Ukrainian servicemen. "We will attack and we will liberate our land. The end of the ceasefire is our response to terrorists, rebels, looters," he said. The International Monetary Fund said the conflict risks deep damage to Russia's economy, starving it of foreign funds and knowhow. "Geopolitical tensions have brought the Russian economy to a standstill... This comes at a crucial moment when the old growth model based on energy has been exhausted," the IMF said. The EU is holding the Kremlin accountable for the failed ceasefire. Its ambassadors agreed Monday (6/30) to "intensified preparations" for new sanctions, effectively cocking the gun. A strategy paper from Angela Merkel's Christian Democrat Party called for a complete change in policy, deeming it impossible to work with the Kremlin so long as Vladimir Putin is in charge.
THE STUPIDEST MOST DESTRUCTIVE TAX LEGISLATION EVER GOES INTO EFFECT TODAY
Do you know why the U.S. economy shrank almost 3 percent in the first quarter of this year? When the news of the dreadful gross domestic product (GDP) number came out last week, many were surprised, but none were more surprised than the folks in the Obama administration. Many of their supporters had been saying this was the year of a real economic recovery. The quick reaction was to blame the bad GDP numbers on the cold weather. It is rather ironic that the president blames the bad economy on the cold weather, while at the same time he is running around the country saying we have to spend many more tax dollars to prevent warmer weather a hundred years from now. But get ready for much worse economic weather. Today, July 1, the administration implements perhaps the most stupid and destructive piece of tax regulation ever devised - the Foreign Account Tax Compliance Act (FATCA). This one regulation by itself may well cause another drop in GDP during the third quarter of this year. The Disaster of FATCA has begun.
WE NEED A FULL COURT PRESS AGAINST THIS NIGHTMARE PRESIDENCY
What aggravates me most about my fellow conservatives is how few are willing to let a constitutional crisis get in the way of promoting their hobby horses, or taking potshots at other conservatives with whom they have petty grievances. House Speaker John Boehner, R-OH, announced plans last Wednesday (6/25) to sue the president, on behalf of the House of Representatives, for "failing to faithfully execute the laws." The idea for the suit originated with David Rivkin, a Washington lawyer, and Elizabeth Price Foley, who teaches constitutional law at Florida International University. Conservative columnist George Will likes it. The Speaker has a strong case, says Jonathan Turley, a liberal who teaches constitutional law at George Washington University. Yet the Boehner suit is "feckless" and "frivolous," says Andrew McCarthy, who prosecuted the ringleader of the first World Trade Center bombing. Impeachment is the only solution," he said. Mr. McCarthy, you see, is promoting a book, "Faithless Execution: Building the Political Case for Obama's Impeachment." Would he rather have people buy his book than see Mr. Boehner succeed?
THE PRESIDENT’S SNOW JOB ON GLOBAL WARMING
An Open Letter to the President Dear Mr. President: My apologies for missing your commencement address at the University of California at Irvine on June 14, honoring the 50th anniversary of one of our fine academic institutions. Meetings with my constituents just seemed more pressing, and, of course, we can meet back in Washington whenever it's convenient for you. In any case, between fundraisers and enjoying the "Zot! Zot! Zot!" chants of the graduating Anteaters, the questions I have raised about your "green" agenda clearly were on your mind. You evidently determined that ridiculing those, like me, who question your "settled" science would be the best way to make your case. To the laughing grads, you said: "And today's Congress is full of folks who stubbornly and automatically reject the scientific evidence about climate change. They will tell you it is a hoax, or a fad. There was one member of Congress who mentioned a theory involving ‘dinosaur flatulence' - which I won't get into." Mr. President, we both know I have referred to the theory of man-made global warming as a "hoax," and, yes, I once used the phrase "dinosaur flatulence" as lighthearted ridicule at what I considered to be climate alarmism. What I have learned is never to underestimate humorless zealots, especially those cloaked in the pretensions of "science." One of the traits of a fanatic is the willingness to conduct personal attacks, to limit debate, to use questionable facts and to seek government to impose policy on others. Sir, my congressional colleagues and I cannot ignore costs when making decisions. Simply put, no matter how apocalyptic the theory behind it, we cannot make this crony-capitalist concoction of yours into a policy priority.
HALF-FULL REPORT 06/27/14
Before we descend into overwhelm regarding all that's been going on this week, let's first talk about the price of oil. After Stone Age Moslem marauders seized Mosul on June 11 and seemed poised to march on Baghdad, oil traders on both sides of the Pond panicked, sending Brent crude in Europe to a year-high of $116 and WTI in the US to $108. Energy pundits breathlessly predicted soaring prices to $120 and far beyond. Yet since the panic spike, both prices have been dropping. Today (6/27), Brent is at $113, WTI a little above $105. How come? One primary reason is the Kurds... ...America's leader doesn't have the cojones to stand up to Putin's bullying, but the leaders of Ukraine, Moldova, and Georgia sure do. Today (6/27) in Brussels, they -- Ukrainian President Petro Poroshenko, Georgian Prime Minister Irakli Garibashvili, and Moldovan Prime Minister Iurie Leanca - signed formal political and economic accords with the European Union. Putin stamped his foot and made all kinds of threats should they do so, and they shrugged and signed anyway... ... In addition to Jack Kelly standing in for me last week with another of his great HFRs, he also helped me keep abreast of what's been going on this week while I've been in Namibia. Here are some excerpts from what he tells me: