Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Category Archives: Free Market

Staying private in a public world

The new rule is: once you express a thought, it’s public. So far, NSA isn’t able to monitor our thinking, but the moment we express ourselves, someone’s watching and taking notes.

So what is to be done? I’ve been waiting for someone to come up with some answers, and I’ve found him:

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Once Reviled, Capitalism is Making an Extraordinary Comeback Worldwide

This article originally appeared at McAlvany Intelligence Advisor

 

Hidden inside an obscure study just released by Barclays is a nugget of huge importance that reflects a sea change in the growth of entrepreneurial capitalism. The results of this development could equal if not exceed those of the

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Left Coast car buyers still like IC engines, shunning EVs despite Obama and his greenies

This is quite extraordinary: new car buyers in Los Angeles still like cars with internal combustion engines, despite efforts to move them into electrics. Galpin Ford in Los Angeles is having its summer sale: 10,000 new cars in the next three months. When asked how many of them will be electrics, Beau Boeckmann (whose family ownes the dealership) estimates about

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Unanimous Supreme Court Ruling on Human Genes is a Split Decision

On Thursday the Supreme Court ruled unanimously that patents on human genes are now void, while the successful creation of synthetic genes may continue to be patented. Both sides of the lawsuit celebrated victory. Mike Adams of Natural News exclaimed: “Sanity prevails: human genes are not eligible for patent protection!” while the ACLU declared: “Victory! Supreme Court Decides Our Genes Belong to Us!”

On the other hand, Myriad Genetics, Inc., the biotechnology company that holds dozens of patents on human genes, wrote:

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Could a Professional Wrestler be the next Senator from Tennessee?

This article first appeared at McAlvany Intelligence Advisor:

 

In gearing up for the 2014 Senate election in Tennessee, the Tennessee Alliance Tea Party & Liberty Groups announced in its newsletter last week that current Senator Lamar Alexander was ripe for extinction:

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Many Positives Coming from the Unfolding NSA Leaker Story

This article was first posted at  the McAlvany Intelligence Adviser:

 

Hardly a sentient soul on planet Earth doesn’t know who Edward Snowden is, but few of them know of the ramifications and positives that are already coming as a result of his leak about NSA spying on Americans’ emails, voicemails, and IMs.

Because of his top-secret clearance across a broad spectrum of surveillance programs developed by the National Security Agency and the Central Intelligence Agency, Snowden had a rare opportunity to view the threats to privacy these agencies and their enablers have created. So he decided to do something about it:

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The Bankruptcy of Better Place Served Its Purpose

This article first appeared in the McAlvany Intelligence Advisor newsletter:

 

The announcement of the bankruptcy of a tiny electric car company called Better Place barely created a ripple in financial circles. The Financial Times noted that while Better Place was once “hailed as a visionary pioneer,” it was now being relegated to history as

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Chicago Sun-Times Photographer Shocked – Shocked! – About Being Laid Off

This article first appeared in the McAlvany Intelligence Advisor newsletter:

 

Steve Buyansky, who was, until last Thursday, a professional photographer for three of Sun-Times Media’s 39 suburban papers, said he was surprised when he was asked to turn in his magnetic employee badge and his photographic equipment: “I’m still in shock. I’m not angry right now. Maybe I will be later.”

On what planet has Buyansky been living? How could he not know what was happening in front of his very eyes? Sun-Times Media hasn’t been profitable for years. It filed for Chapter 11 bankruptcy in 2009. Where was Buyansky while that was going on? When the group was bought by Wrapports LLC in 2011, salaries were cut by 15 percent, the pension plan went from defined-benefit to defined-contribution, and seniority rights regarding layoffs were ended. Where was Buyansky then?

In March, the Sun-Times fired several editors and staff members for several of its suburban papers, and consolidated operations of those papers to its downtown location to save money. It had fallen behind in making its monthly payments for the Chicago Tribune which was printing its papers after the Sun-Times shut down its own printing facilities.

The paid circulation base for the Chicago Sun-Times has been shrinking, having lost 25 percent in just the last six years. In its announcement last week, the media group said:

The Sun-Times business is changing rapidly and our audiences are consistently seeking more video content with their news. We have made great progress in meeting this demand and are focused on bolstering our reporting capabilities with video and other multimedia elements.

The Chicago Sun-Times continues to evolve with our digitally savvy customers, and as a result, we have had to restructure the way we manage multimedia, including photography, across the network.

Wrapports thinks there’s still some life in the dinosaur. It’s an investment group made up of Michael Ferro of Merrick Ventures, Timothy Knight (former publisher of Newsday, another newspaper struggling to be profitable), and three other private equity or venture capital firms. They have seen the handwriting on the wall for years. Why hasn’t Buyansky?

The new strategy is to allow, no, require, their remaining news reporters to use their iPhones to take pictures to supplement their articles! What a concept! Talk about being late to the party! Last week it was announced that Facebook gets 208,300 photos uploaded every minute, along with 100 hours of video onto YouTube! Yahoo estimates that next year 880 billion photos will be taken and downloaded somewhere on the Internet.

Efforts to regain profitability have so far come up short. In February Sun-Times launched an online video news program, a 90-second flash news segment. That effort ended in May.

Also in February the paper launched Grid, a Sunday business news magazine that was just ended last month.

Life magazine’s domination of the all-photographic news magazine niche ended in 1972. Efforts to resuscitate the brand failed, and Life published its last issue in April, 2007 – six years ago. Look magazine died in 1972, and no one even tried to resuscitate it. Wasn’t Buyansky aware of that?

Or what about the reality check written by professional photographer Talbert McMullin last summer, entitled “Professional Photography is Going Away?” McMullin saw what’s been happening for years:

My little Panasonic point-and-shoot will take hundreds and hundreds of photos one after another on a single memory card, and it rivals the quality of my Nikon SLRs! That is an amateur photographer’s dream, but unfortunately it is not as beneficial for the pros. Suddenly, the playing field is level for everyone. Technology has not yet put pros out of business, but it is setting the stage – even our mobile phones have cameras!

Professional photography is going away. That’s right, going away. I can’t say it is going to happen today, next week, next month, or even next year, but at some point in the future it will. Fact: The transition has begun. You cannot change it; you can only adapt. Before you wet your pants, please notice I did not say all photography is going away, only professional photography. Ignore or distort the facts at your own peril!

Some professionals will thrive, but the rest will be left behind. The number of successes will continue to shrink until the professional photographer becomes … an anomaly.

What did Buyansky do when he was suddenly informed that his skills as a professional photographer were no longer needed? He joined 10 other equally surprised former photographers from the Sun-Times at the Billy Goat Tavern, a local watering-hole for journos, and celebrated the glory days long past, saying “The Sun-Times had an amazing photo staff.”

The emphasis was on the word “had.”

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Sources:

Chicago Sun-Times Lays Off All Its Full-Time Photographers

Chicago Sun-Times lays off all photographers

Chicago Sun-Times lays off its photo staff

Chicago Sun-Times fires all staff photographers

Reality Check: Professional Photography Is Going Away

How Many Photos Are Uploaded to The Internet Every Minute?

An Editorial: Is the Internet a Photographer’s Friend or Foe?

Look magazine

Life magazine

Wrapports

Newsday

Who is Jason Furman?

This was initially posted at McAlvany Intelligence Advisor:

 

With Monday’s announcement that Jason Furman will be taking over from Alan Krueger as chairman of President Obama’s Council of Economic Advisors, some have asked: who is he?

The short answer is that he is a

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US Now Produces More Oil than it Imports for the First Time since 1995

When Brantley Hargrove noted in the Dallas Observer on Thursday that the US produced more oil than it consumed during the last week in May (for the first time since February, 1995) he was awfully quick to give nearly all the credit to Texas. But he was proud, nevertheless:

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Slowing Economy Confirmed

The report from Automatic Data Processing (ADP) on Wednesday morning surprised economists once again by coming in substantially below their expectations. The 135,000 new private sector jobs created in May were way below the

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Obamanomics is to Blame for Worst Recession since the Great Depression

When libertarian scholar Peter Ferrara asked rhetorically in Sunday’s issue of Forbes, “Economically, Could Obama be America’s Worst President?” he relied heavily on statistics provided by the chief enabler of the Great Recession,

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A Family Doctor in Maine who accepts cash, only. Really.

I’m moving to Portland! This guy is too good to be true.  He’s decided to “opt out” of Obamacare, Medicare, Medicaid, private insurance, the whole gig. He’s going cash only. And you should see his prices!

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Moore’s Law, the IRS and Obamacare

This article was first published at the McAlvany Intelligence Advisor on May 20th, 2013.

 

The likelihood that the combination of Moore’s Law and the inability of the IRS to keep up with it could spell the end of Obamacare altogether is increasing.

Nearly 50 years ago Intel co-founder Gordon Moore predicted that the number of transistors implanted on circuit boards would continue to double every two years. So accurate was his prediction that “Moore’s Law” is now used in the semiconductor industry as

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Feds Demand Wiki-Weapon Maker Pull Its 3D Gun Blueprints

When Cody Wilson, founder of Defense Distributed, received a letter from the U.S. Department of State on Wednesday demanding that he shut down his website that provided free blueprints to build a gun using 3D printing technology, he

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The North Dakota ripple effect

The Minneapolis Fed has analyzed unemployment and wage rates in North Dakota and surrounding states and have discovered – eureka! – that there is a definite ripple effect that extends outward for hundreds of miles. They even have a graph showing their results:

Weekly wages in the Bakken oil fields have risen by an amazing 140% in just the last decade, while unemployment has dropped to under 2 percent. The impact, however, isn’t limited just to the immediate area. As far away as Rapid City, South Dakota, unemployment is dropping and wages are rising (albeit more slowly than unemployment is dropping).

The farther away from Bakken, however, the more other more local factors are felt:

As distance increases, many  other factors likely explain wage gains or unemployment rates relative to  distance from the Bakken. For example, more agriculture-intensive counties are  also benefiting from the strong farm sector.

Just imagine the impact in California, for example, if the greenies there would like developers explore the newly discovered oil shale opportunities there. And if the greenies relent and let Colorado develop its resources, the same ripple effect would like occur.

Come to think of it, wouldn’t this happen all across the country, if governments (national, regional and local) would just get out of the way?

Austerity is impending the economy, say the Keynesians

Two writers at The New York Times have embraced the fallacy that cutting government spending is keeping the economy from growing. It is Keynesian claptrap.

Let’s let them rant a little before responding:

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3D Printing: the mass production of custom-designed products

Harry Wallop asks a question, the answer to which is going to change our lives. Here’s the question:

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3D Guns are here!

You’ve no doubt been watching this technology unfold, perhaps more rapidly than anyone expected. But the day has arrived: anyone with a 3D printer and some software available on the internet for free can print his own gun. 3D printers are now for sale at just over $1,000. The software is available here.

The developer is a libertarian law student (is that an oxymoron?) from

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Pro-Euro German Finance Minister Now Having Second Thoughts?

This, at least, is the gist of the headline from the AP: “German who helped start euro now calls for its end.” The AP article that backed it up was just four paragraphs long and led me to think: this guy has awakened to reality! He’s been converted to free market principles! Hallelujah!

Even Ambrose Evans-Pritchard, the conservative writer for the liberal Telegraph, seemed to buy the line, saying

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.