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

Tag Archives: Free Market

Iowa Senator Joni Ernst on Trump’s VP Short List

This article appeared online at TheNewAmerican.com on Tuesday, July 5, 2016:  

English: Official portrait of Iowa State Senat...

Senator Joni Ernst from Iowa

Iowa Republican Senator Joni Ernst, one of just a very few being currently vetted for Donald Trump’s running mate for vice president, met with The Donald on Monday. Also in attendance were Paul Manafort, Trump’s chief campaign strategist, and Reince Priebus, chairman of the Republican National Committee (RNC). Following the meeting, Ernst told reporters:

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Elon Musk’s Conversion from Saint to Sinner

This article was published by The McAlvany Intelligence Advisor on Friday, June 10, 2016:  

English: Tesla Roadster Sport 2.5, the fourth-...

Tesla Roadster Sport 2.5, the fourth-generation Roadster from electric carmaker Tesla Motors Inc.

Once upon a time Elon Musk said he believed in hard work, technology, and some breaks to gain success. He didn’t believe the U.S. government should provide subsidies to companies, and he believed that the free market would provide the “best solution” to such problems as pollution. At the time, Stanford University Professor Fred Turner called him out for being a hypocrite:

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Will the Robotic Revolution Make Your Job Obsolete?

This article appeared online at TheNewAmerican.com on Monday, March 28, 2016:  

More than two dozen massive bright red robots move 20-foot-long shipping containers at the Los Angeles terminal developed by TraPac, cutting costs by between an estimated 30 and 50 percent. A new terminal, being built at the Port of Long Beach, will be able to handle nearly half of that port’s entire volume, moving and stacking more than three million of those shipping containers every year.

But the Port of Rotterdam in the Netherlands has more automated delivery terminals than the entire United States, thanks to delays by Luddite unions in America determined to

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China’s Economy Continues to Unravel as Gov’t Lays Off 5M Workers

This article appeared online at TheNewAmerican.com on Friday, March 4, 2016:  

Cover of "Coming Collapse of China"

Reuters reported Thursday in an exclusive report that China’s government is planning to lay off between five and six million workers in its basic industries over the next couple of years. Wrote Reuters, “China aims to cut capacity gluts in as many as seven sectors, including cement, glassmaking … and shipbuilding.” It will begin layoffs in its coal and steel-making industries.

These are the industries that fueled China’s rise from a third-world nation to first-world status. And those industries were fueled with digital money that built empty cities, factories, and airports, all under the now-provably false assumption that with enough of that money China could vault itself into the first tier of advanced industrial nations.

For a while it appeared that the assumption was valid.

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ObamaCare is Failing, Just as It was Designed to Do

This article was published by The McAlvany Intelligence Advisor on Friday, February 12, 2016: 

Barack Obama signing the Patient Protection an...

Barack Obama signing ObamaCare into law.

Former Senate Majority Leader Harry Reid must be proud. The health insurers behind ObamaCare are losing money and some are considering leaving the monstrosity altogether. Many of the co-ops that sprang up during the rollout have closed their doors, despite receiving millions in government aid.

Harry knew exactly what he was going when he built it. In an interview at “Nevada Week in Review” in 2013, before the rollout, Reid said:

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Health Insurers Going Broke, Thanks to ObamaCare

This article appeared online at TheNewAmerican.com on Thursday, February 10, 2016:  

English: President Barack Obama's signature on...

Obama’s signature on ObamaCare bill.

The results for 2015 are in. The losses health insurers experienced following the rollout of the so-called Patient Protection and Affordable Care Act (ACA, otherwise known as ObamaCare) in 2014 got even worse. Seventy percent of insurers lost money on individual health plans, according to McKinsey and Company, the global management consulting firm. And it isn’t likely to improve any in 2016.

On Wednesday Humana Inc. reported that

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Question: What Happens when Socialists and Marxists Are Put in Charge?

This article was published by The McAlvany Intelligence Advisor on Friday, February 5, 2016:  

Nicolas Maduro

Nicolas Maduro (Photo credit: Wikipedia)

Answer: Venezuela.

The Marxist president (and student of Venezuela’s previous president Hugo Chavez) Nicolas Maduro has just administered the coup d’état: ordering the printing of so many bolivars that his own country’s printing presses could not handle the order. So he went to Germany, France, Canada, and the United Kingdom to place it. The initial supply – five billion of them! – arrived late last year in the holds of 36 Boeing 747 cargo jets, with another

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Venezuela Could See Hyperinflation, Economic Collapse

This article appeared online at TheNewAmerican.com on Thursday, February 4, 2016:  

In December 2014 citizens of Venezuela paid 2,632 bolivars for a pound of meat. A year later they paid 14,138 bolivars, a 537-percent increase. They paid 3,066 bolivars for a supply of fruits and vegetables a year ago; last month they paid 12,118 bolivars, a 395-percent increase. For milk and cheese, prices increased 371 percent, from 2,084 bolivars to 7,735.

For fish they paid 1,408 bolivars a year ago; a year later the price of fish jumped to 5,940, an increase of 422 percent. Fats and oils: 335 bolivars to 1,340, an increase of 400 percent. Non-alcoholic beverages were 409 bolivars a year ago; today, 1,123 bolivars, a 275-percent increase.

A year from now, Venezuelans will look back fondly

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Is Rex Tugwell’s Brainchild the Cause of Puerto Rico’s Financial Woes?

This article was published by The McAlvany Intelligence Advisor on Wednesday, February 3, 2016:  

When Columbia law school graduate Franklin Roosevelt became president in 1932 he asked Rexford Guy Tugwell and two other Columbia professors to be his “brain trust.” Although Tugwell could never have been proven to be a member of the Communist Party USA, his fondness for centralized planning and his violent rejection of the free market informed his efforts to develop the New Deal.

He was a pure-bred hard-core collectivist who was enamored with Stalin’s centralization of agriculture in the Soviet Union, saying that

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Want to Revive a State’s Economy? Put in Place the Florida Model

This article was published by The McAlvany Intelligence Advisor on Friday, January 29, 2016:  

Rick Scott has always been an entrepreneur. While enrolled at the University of Missouri-Kansas City and working full-time at a local grocery store, Scott and his wife Ann bought two Kansas City donut shops. After getting his law degree, he went to work at a law firm specializing in the health care industry. In 1987, at age 34, he took all that they had in the bank and started Columbia Hospital Corporation. Two years later his company was merged with the Hospital Corporation of America to become Columbia/HCA.

In the next ten years it had grown to become

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Florida’s Economy Rebounds Thanks to Cuts in Taxes, Spending, Regulations

This article appeared online at TheNewAmerican.com on Wednesday, January 27, 2016:  

Almost immediately upon assuming Florida’s governorship in January, 2011, Rick Scott started cutting. He increased the state’s exemption level for corporate taxes from $25,000 to $50,000. He expanded the state sales tax exemption for manufacturing equipment. In 2013, he approved a three-year total exemption of that sales tax. In 2014, he pushed to raise the corporate tax exemption from $50,000 to $75,000. Last year he signed into law a $400 million cut in vehicle fees. In all, over the past five years he, with the help of a friendly legislature, has cut nearly 50 taxes.

Along the way

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Factory Owners Increasingly Going Robotic

This article was published by The McAlvany Intelligence Advisor on Monday, January 25, 2016:  

Picture a factory where the owner has cut his Social Security and Medicare taxes by 90 percent. Where surveillance by the EEOC (Equal Employment Opportunity Commission) no longer exists. Where minimum wage laws don’t apply. Where there are no more reports to be filed with OSHA. Where the factory doesn’t have to be retrofitted to handle handicapped employees. Where there is no “family time” off for pregnancies. Where there are no pension or health care plans to fund. Where there are no unemployment insurance taxes. Where no one is demanding special break rooms and time off for prayers. Where Obamacare doesn’t apply. No transgender bathrooms. No lunchroom or recreational facilities.

It’s already happening in China’s Pearl River Delta (dubbed “the world’s workshop”).

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Robots Transforming China, Causing Heartburn at World Economic Forum

This article appeared online at TheNewAmerican.com on Monday, January 25, 2016:  

Shenzhen Evenwin Precision Technology Company, located in China’s Pearl River Delta (dubbed “The World’s Workshop”), has nearly completed the first stage of turning its plant that produces mobile phone components into one of the world’s first nearly 100-percent robot-operated factories. According to the company’s chairman, Chen Xingai,

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OPEC Ignores Crude Oil Glut, Vows to Continue Pumping Flat Out

This article appeared online at TheNewAmerican.com on Monday, December 7, 2015:  

Following a contentious six-hour meeting on Friday, OPEC oil ministers meeting in Vienna announced that nothing will change: They will continue to pump at maximum rates despite the growing glut of oil in the world. Predictably, crude oil prices dropped, along with wholesale gasoline prices.

The fragile cartel’s members are pumping close to 31.5 mbd (million barrels per day) and would pump more if they could. They are already above the mythical “ceiling” of 30 mbd. When Iran, which currently provides 2.7 mbd to that number, recovers from U.S.-imposed sanctions, it expects to pump four mbd by next summer, adding further downside pressure on crude oil prices.

At these prices nearly every barrel OPEC members sell to the world market is sold at a loss. But the ministers are persuaded that,

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World Oil Glut Swells to 3 Billion Barrels, Driving Prices Down Further

This article appeared online at TheNewAmerican.com on Monday, November 16, 2015:  

Friday’s November report from the International Energy Agency (IEA) confounded so-called experts who have repeatedly predicted a bottom in oil prices. After West Texas Intermediate (WTI) briefly dropped below $40 a barrel in August, bulls were delighted to see prices for crude bounce up over $50 and stay there — right up until October.

The IEA report tried to corral all the complexities of the oil market into its two-page report:

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Is this Another Reason MSNBC’s Ratings are so Abysmal?

This article was published by The McAlvany Intelligence Advisor on Monday, October 5, 2015:  

MSNBC

Even the liberal Huffington Post was embarrassed at just how bad MSNBC’s ratings are. The network cancelled three shows in July, and brought back the discredited Brian Williams. Wrote Larry Atkins:

The changes had come as a result of MSNBC’s plummeting ratings. MSNBC’s Nielsen ratings for the second quarter of the year dropped five percent in total viewers and 17 percent in the key adult demographic 25-54. Its primetime lineup’s ratings dropped by 10 percent. It was a continuation of a long time trend.

Last Thursday’s farcical interview by Chris Hayes of Josh Fox proved the point. Touting his latest attack on fracking, Fox was allowed to promote his latest “documentary” Gaswork: The Fight for C.J.’s Law, allegedly all about safety and health issues being ignored by the energy development industry. Hayes never asked about credibility issues raised by detractors of his previous efforts, Gasland and The Sky is Pink. In Gasland it was the “flaming faucet” incident about which Fox was publicly challenged by Irish filmmaker Phelim McAleer. That exchange can be seen on YouTube, despite efforts of Fox and his lawyers to have it removed. In it McAleer got Fox to admit that methane in water was common, with flaming water incidents dating back to 1936, but claiming weakly that this was “not relevant” to his purposes inGasland.

In The Sky is Pink Fox claimed that breast cancer was linked directly to fracking activities in the Barnett Shale region in Texas, claims which were later successfully refuted by credible national experts looking into the matter.

Did Hayes ask Fox about any of this? Did he ask Fox about the “flaming faucet” incident that brought the wrath of McAleer in his rebuttal, FrackNation? Did he ask Fox if he was ready to admit that his claim in The Sky is Pink was false? Did he ask Fox if he was ready to apologize to the women and their families living over the Barnett formation for scaring them half to death over his discredited claims?

Of course not. In the 4 ½ minute segment that ran Thursday night Hayes jumped in bed with Fox, providing him with nothing more than an echo chamber reflecting the network’s anti-fracking position.

McAleer learned about Fox’s latest attack in time to launch his own rebuttal, GasHoax, also on Thursday, at Brietbart.com. It’s as if McAleer has found his niche: tracking down Fox and demanding answers to questions that Hayes wasn’t willing to ask.

For instance, in speaking about The Sky is Pink, McAleer said:

Fox’s breast cancer film was widely reported by the mainstream media but has since been dismissed as nonsense by every respected cancer expert in the region.

 

Fox has never corrected the record or apologized for scaring women and families.

Fox’s most recent attempt to smear the fracking industry is based upon the tragic accident that resulted in the death of C.J. Bevins, a 21-year-old oil field roughneck who was crushed against a trailer by a forklift back in 2011. Ignoring the fact that it was an accident, and had nothing to do with chemicals, Fox managed to twist the narrative to support his agenda: the fracking industry’s use of chemicals is putting workers’ lives at risk. In his film, said Fox:

We interview many workers who have been asked to clean drill sites, transport radioactive and carcinogenic chemicals, steam-clean the inside of condensate tanks which contain harmful volatile organic compounds, polycyclic aromatic hydrocarbons, and other chemicals, and have been told to do so with no safety equipment.

Fox claims to have interviewed workers who were ordered to cover up toxic chemical spills, that the industry is paying them to “poison their own communities in order to feed their families” and that “if you get hurt, you’re on your own.”

In the same manner as FrackNation, McAleer rebuts Fox’s claims in Gaswork, interviewing experts who state that there is no increase in health or safety claims due to fracking. Although neither film is available yet in theaters, their trailers can be found under Sources below.

McAleer concluded:

Josh Fox is an unethical journalist. Everyone knows that, except Chris Hayes and MSNBC, apparently. They need to ask him tough questions, not give him a platform so he can scaremonger and spread fear.

But that didn’t happen. Instead MSNBC continued its slide into irrelevancy by giving Josh Fox airtime to its steadily shrinking audience.


Sources:

Breitbart.com: ANOTHER HEALTH HOAX FROM GASLAND’S JOSH FOX

MarcellusDrilling.com: Phelim McAleer to Release GasHoax Ahead of Josh Fox’s GASWORK

Gashoax trailer 4:30

EcoWatch.com: What the Industry Doesn’t Want You to Know About Fracking

Trailer for Gaswork  2.39

Background on Gasland

Background on FrackNation

Bio on Josh Fox

Bio on Phelim McAleer

Link to Vimeo: The Sky is Pink (2012)

EmergyinDepth.org: Debunking GasLand

YouTube: Gasland director hides full facts

Chris Hayes’ interview with Josh Fox on MSNBC

Huffington Post: MSNBC’s Changes Are Needed, But It Needs to Keep Its Liberal Voice

Just how Disruptive are Uber and Lyft?

This article was published by The McAlvany Intelligence Advisor on Friday, October 2, 2015: 

According to three college professors, the answer is “very.” After interviewing 32 drivers and users of Uber, Lyft, and conventional cab services in London and San Francisco, the Uber and Lyft drivers and customers were the clear winners. The drivers had more freedom to select their working hours, many of them driving part-time to supplement their full-time work. The ride-sharing customers not only paid less than they would have for regular taxis, they felt safer, they knew more about the driver and his ratings from previous customers, and could track and follow the driver as he wended his way towards their location.

They also enjoyed getting to know their Uber or Lyft driver, discovering that they were just like them – ordinary people making a living and enjoying the process. Wrote the professors:

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Uber, Lyft Continue to Upend Taxi Cartel and Its Lenders

This article appeared online at TheNewAmerican.com on Thursday, October 1, 2015: 

English: Sign at the Montauk Point Lighthouse,...

On September 18, Montauk Credit Union in Montauk, New York, was taken over by the state after examiners found “unsafe and unsound conditions” in its investment portfolio.

The credit union had more than 98 percent of its investments in taxi medallions, which have dropped precipitously in value since ride-sharing services such as Uber and Lyft entered the market three years ago.

Taxi medallions were established decades ago by New York City’s Taxi and Limousine Commission as a way to limit the number of cabs. At present there are slightly more than 13,000 taxis in the city, and most of their medallions are owned by investors who saw their opportunity: If supply were limited by government mandate, and demand increased with population, then the price of each one would inevitably rise.

And they did. Investors hired managers (much like property managers in real estate) to collect the lease payments from taxicab companies, which derived their income from fees they charged drivers to drive their cabs.

But in the past couple of years the market has shifted.

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“Operation Car Wash” is Sinking Petrobras, and Brazil as well

This article was published by The McAlvany Intelligence Advisor on Monday, September 28, 2015:  

Like flies attracted to honey, Brazilian politicians saw their opportunities and took them. Initially a money laundering investigation in Brazil focused on just one company, a manufacturer of electronic components that was being used by a criminal ring to hide and whitewash its illegal gains. The owner, Hermes Magnus, apparently discovered the activity back in 2008 and notified local police.

By March 2014 the investigation had spread to more than 230 individuals, including

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John B. Taylor: Perfect Example of Hubris-Lathered Economist Who Thinks He Can Steer the Economy

This was article was published by The McAlvany Intelligence Advisor on Wednesday, September 16, 2015:  

John B. Taylor, economics professor at Stanford University (where he got his PhD), thinks the massive, highly complex U.S. economy, generating nearly $20 trillion of goods and services every year, can be fine-tuned with rules and policies. Further, if those rules can be implemented clearly, the economy will do even better. He thinks of the economy as one gigantic organism with a mind and purpose of its own. That’s why he likes Fed Chair Janet Yellen:

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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.