Relevant and even prescient commentary on news, politics and the economy.

Nuclear Bomb justifies.

Combating Nuclear Terrorismin this GAO report on the mushroom cloud high priority reveals we are barely to first base. Are we paralyzed with fear or just used to chatter that is scarey, like a monster movie that makes us shiver but we know is not real. Do you know your disaster escape route? Not me, […]

Consistency, expertise, idealogy, and ?

Salon reports: President Bush late last month nominated retired Lt. Gen. James Peake to be the next secretary of the Department of Veterans Affairs. It is not an inconsequential wartime post: The department is the second-largest government agency after the Defense Department. And the VA faces the awesome responsibility of caring for several generations of […]

De-salinization side effects

Rethinking desalination (Hat tip toThe Issue.) Last month saw the release of a UN report that paints a very bleak picture of how humans are shepherding natural resources on the planet. One of the greatest causes for concern is our use of fresh water, without which life is impossible.Demands for fresh water come from both […]

Radical idea

Foriegn Affairs has published an article concerning how we might proceed a little differently with globalization. Advocates of engagement with the world economy are now warning of a protectionist drift in public policy. This drift is commonly blamed on narrow industry concerns or a failure to explain globalization’s benefits or the war on terrorism. These […]

Medicaid and cost containment

This GAO report makes for a perplexing stumbling block to cost savings. Many of these individuals accumulated substantial assets, including million-dollar houses and luxury vehicles, while failing to pay their federal taxes. In addition, some case studies involved businesses that were sanctioned for substandard care of their patients. Despite their abusive and related criminal activity, […]

FDR and CAPITAL SPENDING IN THE DEPRESSION

I see the history rewriters are tying to develop a new meme about FDR and the depression. They are now trying to argue that FDR scared businessmen and capitalist so badly that they were unwilling to invest and this was why the recovery was so weak and the depression lasted so long. As usual, they […]

WTO GATS and protectionism or nationalism

Heritage notes that anti-dumping lawsuits have increased in the US and the administration is not attending to global free trade as we have dropped below the top ten. Such measures are supposed to be used to prevent other countries from selling their goods here at below-market prices, and that makes sense. But as Index co-editor […]

Patriotism is done by people, not companies

BBC reports: A $1.2bn (£590m) contract for training Iraqi police was so badly managed that auditors do not know how the money was spent, the US state department says.The programme was run by a private US company, DynCorp. It insists there has been no intentional fraud.Auditors have stopped trying to audit the programme because all […]

A new GI Bill

NYT suggests this deficit spending. Veterans today have only the Montgomery G.I. Bill, which requires a service member to pay $100 a month for the first year of his or her enlistment in order to receive a flat payment for college that averages $800 a month. This was a reasonable enlistment incentive for peacetime service, […]