Saturday, May 10, 2014
Friday, May 9, 2014
On Income Redistribution...
Henry Hazlitt
From Wikipedia, the free encyclopedia
Henry Stuart Hazlitt
Henry Hazlitt
Born November 28, 1894
Philadelphia, Pennsylvania Died July 9, 1993 (aged 98) Nationality American Field economics
literary criticism
philosophy School/tradition Austrian School Influences Benjamin Anderson, Frédéric Bastiat, David Hume, William James, H.L. Mencken,Ludwig von Mises, F. A. Hayek, Herbert Spencer,Philip Wicksteed Influenced Steve Forbes, Milton Friedman, Ron Paul, George Reisman, Murray Rothbard,Paul Samuelson, Peter Schiff,Thomas Sowell, Walter E. Williams, Gene Callahan
Henry Stuart Hazlitt (November 28, 1894 – July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times. He is widely cited in both libertarian and conservative circles.[1]
From Wikipedia, the free encyclopedia
Henry Hazlitt
| |
| Born | November 28, 1894 Philadelphia, Pennsylvania |
|---|---|
| Died | July 9, 1993 (aged 98) |
| Nationality | American |
| Field | economics literary criticism philosophy |
| School/tradition | Austrian School |
| Influences | Benjamin Anderson, Frédéric Bastiat, David Hume, William James, H.L. Mencken,Ludwig von Mises, F. A. Hayek, Herbert Spencer,Philip Wicksteed |
| Influenced | Steve Forbes, Milton Friedman, Ron Paul, George Reisman, Murray Rothbard,Paul Samuelson, Peter Schiff,Thomas Sowell, Walter E. Williams, Gene Callahan |
Henry Stuart Hazlitt (November 28, 1894 – July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times. He is widely cited in both libertarian and conservative circles.[1]
Biography[edit]
Henry Hazlitt was born in Philadelphia, Pennsylvania and raised in Brooklyn, New York. He was a collateral descendant of the British essayist William Hazlitt,[2] but grew up in relative poverty, his father having died when Hazlitt was an infant. His early heroes wereHerbert Spencer and William James, and his first ambition was for an academic career in psychology and philosophy. He attended New York's City College, but left after only a short time in order to support his twice-widowed mother.[3]
Hazlitt started his career at The Wall Street Journal as secretary to the managing editor when he was still a teenager, and his interest in the field of economics began while working there. His studies led him to The Common Sense of Political Economy by Philip Wicksteed which, he later said, was his first "tremendous influence" in the subject.[4] Hazlitt published his first book, Thinking as a Science, at the age of 21. During World War I, he served in the Army Air Service in Texas. He returned to New York, residing atWashington Square Park for many years.[5]
In the early 1920s, he was financial editor of The New York Evening Mail, and it was during this period, Hazlitt reported, that his understanding of economics was further refined by frequent discussions with former Harvard economics professor Benjamin Anderson who was then working for Chase National Bank in Manhattan. Later, when the publisher W. W. Norton suggested he write an official biography of their author Bertrand Russell, Hazlitt spent "a good deal of time," as he described it, with the famous philosopher.[6] Lord Russell "so admired the young journalist's talent" that he had agreed with Norton's proposal,[7] but the project ended after nearly two years of work when Russell declared his intention to write his own autobiography.[6]
Pope Urges Governments To Stop Excluding Welfare Recipients From "Dignified labor"
Pope Francis urged the U.N. to "promote development goals that attack the root causes of poverty and hunger, protect the environment and ensure dignified labor for all."
Clearly, the Pope is signaling that he realizes that the root causes of poverty and hunger is free shit.
Governments should dignify the poor by putting them to work, redistribute wealth from social programs to wages and develop productive work habits that will attack the root causes of poverty (e.g. sloth and free shit).
Since we know, that capitalism reduces pollution and Marxism increases pollution, the Pope is clearly advocating the end of communist and socialist governments in favor of capitalism.
Clearly, the Pope is signaling that he realizes that the root causes of poverty and hunger is free shit.
Governments should dignify the poor by putting them to work, redistribute wealth from social programs to wages and develop productive work habits that will attack the root causes of poverty (e.g. sloth and free shit).
Since we know, that capitalism reduces pollution and Marxism increases pollution, the Pope is clearly advocating the end of communist and socialist governments in favor of capitalism.
From this point on America will have the cleanest highways and the safest borders with all these new border guards, and sanitary technicians that we can put to work.
If somehow the Pope is not saying this then he is a Marxist lackey. We know the pope is a compassionate man, Marxism is the opposite of compassion, therefore the Pope is not a Marxist.
Solar Oven Transforms Salt Water to Drinkable Water
Diamanti was inspired to create the project by his own extensive travel and by his friends’ work with NGOs. He saw a world stricken by water scarcity as a graduate student at Milan Polytechnic in 2005, and later decided to pursue the interest as an open-source project – meaning the Eliodomestico is free to copy, modify and distribute. It’s just the thing for challenging locations where manufacturing a product often requires creative use of materials and adaptation to local resources.
For more on this beautiful and thirst quenching project, see the video below and Diamanti’s project page on his personal website.
A graphic detailing the amount of fresh water available to the world – learn more on Wikipedia.
China considers building a rail link to AMERICA: 8,000-mile journey would take less than two days and involve going through 125-mile undersea tunnel to Alaska
China is considering building an 8,000-mile high-speed rail link to America that would take less than two days to travel.
Travelling at around 217mph, the train would leave the north east of the country, run through Siberia and enter a 125-mile tunnel under the Bering Strait, the shortest crossing between Russia and Alaska.
It would then resurface and head south through Canada, before reaching its destination in the US.
Ambitious plans: The 8,000-mile high-speed link would begin in north east China and end up in the US
It is unclear whether the American, Canadian or Russian governments have agreed to the proposals.
But engineers claim it would provide a viable alternative to air travel, according to China Daily.
If completed, it would be 2,300 miles longer than the Trans-Siberian Railway, making it the longest train route in the world.
The underwater passage would also be four times the length of the Channel Tunnel, which connects France and the United Kingdom.
Even though the plans haven not been finalised, it is believed the project would be developed and financed by the Chinese, who have become global leaders in high-speed rail travel.
Speed: The train would travel at more than 200mph and reach its final destination in under two days
The country has constructed the world's longest bullet train network with more than 6,200 miles of routes in service.
In 2012, they opened the world's longest high-speed link between Beijing and Guangzhou.
The 1,428-mile trip had previously taken 24 hours, but trains travelling at 168mph cut the journey to a mere eight.
In January, plans for a multi-billion dollar international connection out of the US to Mexico were announced.
Plans suggested the 300-mile route would link San Antonio, Texas, to Monterrey, Mexico - slashing the journey time from five hours by car to under two hours.
In 2011, a $65billion tunnel between Siberia and Alaska was given the go-ahead in an effort to bridge the Bering Strait.
New Federal Wage Rules Likely The Culprit Behind Slew Of Military Base Fast Food Closings...
Four restaurants, including three McDonald’s outlets, will close within the next three weeks on Navy installations, according to Navy Exchange Service Command officials.
And two other contractors — a name-brand sandwich eatery and a name-brand pizza parlor — have asked to be released from their Army and Air Force Exchange Service contracts to operate fast food restaurants at two other installations, according to AAFES officials.
A source with knowledge of military on-base resale operations said the issue likely has to do with two new government regulations — one implemented, one pending — that will affect wages for contract workers in such on-base concessions.
These closings “are the tip of the iceberg,” the source said. “I don’t think anybody has realized what the far-reaching effects of this will be.”
McDonald’s restaurants will close at Naval Weapons Station Charleston, S.C., on March 16; at Naval Support Activity, Bethesda, Md., on March 21; and at Naval Base Kitsap-Bremerton, Wash., on March 31, said Kathleen Martin, a NEXCOM spokeswoman.
Another eatery, I Love Country, has notified NEXCOM that it will close its restaurant at Naval Station Pearl Harbor, Hawaii, on April 4, Martin said.
Martin said the McDonald’s outlets “came to the end of their contract term. We were in the process of renegotiating and McDonald’s made the unilateral decision to close those three” outlets. She referred questions about the reasons for the closures to McDonald’s.
Lisa McComb, a company spokeswoman, said McDonald’s, along with the independent owner/operators of the individual restaurants, are closing the three eateries “due to the fact that we have lost our lease.”
McDonald’s independent owners operate about 30 restaurants on military installations. “Whenever we reach the end of a term, whether on a military site or otherwise, we consider many factors in deciding whether to renegotiate a new term,” McComb said.
She said the owners of the three closing outlets are offering affected employees transfers to other nearby McDonald’s restaurants.
Martin said new Labor Department rules issued last fall for fast food workers on federal contracts under the Service Contract Act require an increase in the minimum wage for such employees, varying by region. The rules also require payment of new, additional “health and welfare” fringe benefits at a rate of $3.81 per hour to those employees.
Contractor-operated fast food concessions on military installations fall under those regulations.
The new rules “have to be part of any contract we negotiate,” said Martin, adding that many vendor partners “have verbally indicated hesitation” to accept contract changes reflecting the revised wage rules.
“NEXCOM is working closely with our contracted food service providers to assess the impact of the new wage determinations,” she said. “This is part of the quality-of-life benefit we provide to sailors and their families, and our goal is to continue to do that.”
In addition, President Obama recently signed an executive order that will increase the minimum wage for employees of companies with new federal contracts beginning Jan. 1. At that time, the minimum wage for all federal contract workers — not just those working for fast food concessions — will increase to $10.10 from the current $7.25. It is not yet known how far-reaching the effects will be for contracts on military installations.
The wage hikes are good news for the many military spouses and veterans who work for these contractors — but only if the concessionaires continue to operate.
“At the end of the day, there will be fewer jobs,” said the industry source. “And for [the contractors] who stick it out, there will be higher costs and the customers will pay more.”
The two AAFES contractors asking to be released from their contracts did so after the new Labor Department wage rules were released.
 |
| The imminent closure of three McDonald's outlets on military installations may be related to new federal minimum wage requirements for contract employees of on-base fast food concessions — and industry sources say more such closures may follow. (Rob Curtis/Staff) |
And two other contractors — a name-brand sandwich eatery and a name-brand pizza parlor — have asked to be released from their Army and Air Force Exchange Service contracts to operate fast food restaurants at two other installations, according to AAFES officials.
A source with knowledge of military on-base resale operations said the issue likely has to do with two new government regulations — one implemented, one pending — that will affect wages for contract workers in such on-base concessions.
These closings “are the tip of the iceberg,” the source said. “I don’t think anybody has realized what the far-reaching effects of this will be.”
McDonald’s restaurants will close at Naval Weapons Station Charleston, S.C., on March 16; at Naval Support Activity, Bethesda, Md., on March 21; and at Naval Base Kitsap-Bremerton, Wash., on March 31, said Kathleen Martin, a NEXCOM spokeswoman.
Another eatery, I Love Country, has notified NEXCOM that it will close its restaurant at Naval Station Pearl Harbor, Hawaii, on April 4, Martin said.
Martin said the McDonald’s outlets “came to the end of their contract term. We were in the process of renegotiating and McDonald’s made the unilateral decision to close those three” outlets. She referred questions about the reasons for the closures to McDonald’s.
Lisa McComb, a company spokeswoman, said McDonald’s, along with the independent owner/operators of the individual restaurants, are closing the three eateries “due to the fact that we have lost our lease.”
McDonald’s independent owners operate about 30 restaurants on military installations. “Whenever we reach the end of a term, whether on a military site or otherwise, we consider many factors in deciding whether to renegotiate a new term,” McComb said.
She said the owners of the three closing outlets are offering affected employees transfers to other nearby McDonald’s restaurants.
Martin said new Labor Department rules issued last fall for fast food workers on federal contracts under the Service Contract Act require an increase in the minimum wage for such employees, varying by region. The rules also require payment of new, additional “health and welfare” fringe benefits at a rate of $3.81 per hour to those employees.
Contractor-operated fast food concessions on military installations fall under those regulations.
The new rules “have to be part of any contract we negotiate,” said Martin, adding that many vendor partners “have verbally indicated hesitation” to accept contract changes reflecting the revised wage rules.
“NEXCOM is working closely with our contracted food service providers to assess the impact of the new wage determinations,” she said. “This is part of the quality-of-life benefit we provide to sailors and their families, and our goal is to continue to do that.”
In addition, President Obama recently signed an executive order that will increase the minimum wage for employees of companies with new federal contracts beginning Jan. 1. At that time, the minimum wage for all federal contract workers — not just those working for fast food concessions — will increase to $10.10 from the current $7.25. It is not yet known how far-reaching the effects will be for contracts on military installations.
The wage hikes are good news for the many military spouses and veterans who work for these contractors — but only if the concessionaires continue to operate.
“At the end of the day, there will be fewer jobs,” said the industry source. “And for [the contractors] who stick it out, there will be higher costs and the customers will pay more.”
The two AAFES contractors asking to be released from their contracts did so after the new Labor Department wage rules were released.
Morning Links 5-9-14
House Republicans find 10% of tea party donors audited by IRS
HARRY REID IS HOOKED ON "KOCH"
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