Billionaire investor George Soros, infamous for his lavish funding of big-government and globalist causes, dropped several bombshells during a recent interview with Newsweek including a bold forecast of potential Western economic collapse, massive civil unrest, and the end of what he likes to paint as the “free market.” He also sees the emergence of one of the most dangerous periods in modern history, describing it as a time of “evil.”
Republicans debated the housing bubble/bust in the January 23 NBC debate, with former Massachusetts Governor Mitt Romney drawing political blood from former House Speaker Newt Gingrich on his Freddie Mac consulting ties.
This may be the golden age of presumptuous ignorance. The most recent demonstrations of that are the Occupy Wall Street mobs. It is doubtful how many of these semi-literate sloganizers could tell the difference between a stock and a bond.
On January 22, 1973, the U.S. Supreme Court voided the abortion laws of all 50 states in an unprecedented and brazen display of disregard for the Constitution it was tasked with interpreting. Thirty-nine years and 54 million dead babies later, as thousands of protesters marched outside in freezing rain for the cause of life, President Barack Obama marked the occasion with a statement — issued from a warm, dry office — celebrating the “fundamental constitutional right” to choose death.
Last Friday’s unemployment numbers, on the surface at least, appeared to reflect a growing, albeit slowly, economy. The number of new unemployment claims for the week ending January 14th dropped to 352,000, down from 402,000 the previous week, and down from 415,000 a year ago. The four-week moving average also dropped, from 382,500 to 379,000.
The Obama administration announced January 20 that under its 2010 ObamaCare medical legislation employers will be compelled to cover birth control for women free of charge, including controversial contraceptive drugs which can induce abortion early in a woman’s pregnancy. The administration rejected an appeal from religious organizations, led by the Catholic Church, for an exemption on insurance provided to employees of religious institutions such as hospitals, colleges, and charities.
As an industrialist, I’ve taken an interest in President Barack Obama’s insourcing kick which has occurred over the past few weeks, highlighted by his weekly radio and Internet address on January 14 and a speech delivered in the East Room of the White House a few days earlier (I’m certain that he’ll talk about it during this week’s State of the Union Address, too). By "insourcing," the President refers to a reversal of the outsourcing trend by American manufacturers. Some of them, though few in number, are bringing jobs back to the United States.
A farmer in the communist collective of Xiaogang, a small village in eastern China, was starving, along with his family and his neighbors. At one of the political indoctrination classes he was forced to attend, Yan Junchang had a revolutionary idea: why not try privatizing the farms and letting the farmers keep what they grow?