FOREIGN AFFAIRS

Give-and-Take all around  Progress in Burma, first in 50 years!  Let’s keep our fingers crossed.

EU claims that water does not hydrate.  “Producers of bottled water are now forbidden by law from making the claim and will face a two-year jail sentence if they defy the edict,”  I’m not sure if these idiots are useful or not.

Foreign cyber attack hits US infrastructure  This is very scary

SOCIETAL CRIME (THE PENN STATE EXAMPLE)

 __ Institutional Wickedness  (Fill in the blank with the institution du jour)  “But that’s the least of it: When people get used to complying with microregulation, it’s but a small step to confusing regulatory compliance with the right thing to do – and then arguing that, in the absence of regulatory guidelines, there is no “right thing to do.””  Steyn concludes with,  “You could hardly ask for a more poignant emblem of the hollow braggadocio of the West at twilight than the big, beefy, bulked-up shoulder pads and helmets of Penn State football, and the small stunted figures inside.”  Contrast this theme with the legal crime in the US Congress, brought to you this week by a Senate bill introduced by Sens. Brown, R-MA and Lieberman, I-CT; and former Gov Palin in this WSJ piece, both linked below.

CONGRESSIONAL LEGAL  CRIME (OXYMORON INTENDED)

“How,” asks Gov Palin, “do politicians who arrive in Washington, D.C. as men and women of modest means leave as millionaires?”  Gov Palin asserts, rightly that this is not a Republican or Democrat issue, but a national disgrace.  And Congress is stepping up in a rare but welcome way to introduce appropriate legislation.  It will certainly be interesting to see has the gall/audacity to oppose those august bodies being subject to the same laws that can send us to the slammer for violation.  Let us not forget who, among the 3-named figures, above, took this level of war, to her own party, and the result/victory send a number of the guilty/her targets to the slammer.  This is NOT a partisan issue.  The participants of this ‘legal crime’ are stealing from All of us.

 Related: Secrets of the American NomenklaturaClarice ties the scam, above, in a summary of Peter Schweitzer’s new book, Throw Them All out, to other scams that filch from us and line the pockets of the elected, lobbyists et al.

Today’s review of the Gretchen Morgenson/Joshua Rosner book, Reckless Endangerment, provides terrific review of the scam of the mutual wallet stuffing of Freddie and Fannie and their Congressional and Administration enablers, and the parallel of the MF Global/Jon Corzine ‘crime’ of the missing “600 million.”  This item undoubtedly belongs, also, under a different category, as Congress is not directly related and it appears to be a straight forward crime.

OBAMA AND NOTHING BUT

 His Royal Pathetic  He surely couldn’t pass a mental fitness exam.

ECONOMY/ECONOMICS

 Harvard’s Walkout Students misunderstand Economics. Amity Shlaes deconstructs their criticism.  A MUST read, because the walkouts represent way too many of the citizenry.  Being at Harvard (as we’ve discovered from the alum in the White House) doesn’t mean one is smart.

CONGRESS

 Is there no limit to Congress’s power?  Judge Silberman of the US Court of Appeals for the DC Circuit, ruled, ‘No.’  George Will writes on the deconstruction of that theory.  That is the essence of the Supreme’s call, starting this spring.

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About John

BA Wesleyan Univ, MBA Univ of Chicago, USAF officer. Commercial real estate: leasing, asset management, consulting, development. Active in civic/ charitable activity. Boards of social service agencies, Urban Renewal Agency. Developer of not-for-private senior housing. 10 years consultant to local Charter School.
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