Thomas Edison invented the incandescent bulb, the phonograph, the DC motor and other items in everyday use and became wealthy by doing so. Thomas Watson founded IBM and became rich through his company's contribution to the computation revolution. Lloyd Conover, while in the employ of Pfizer, created the antibiotic tetracycline. Though Edison, Watson, Conover and Pfizer became wealthy, whatever wealth they received pales in comparison with the extraordinary benefits received by ordinary people. Billions of people benefited from safe and efficient lighting. Billions more were the ultimate beneficiaries of the computer, and untold billions benefited from healthier lives gained from access to tetracycline.
President Barack Obama, in stoking up class warfare, said, "I do think at a certain point you've made enough money." This is lunacy. Andrew Carnegie's steel empire produced the raw materials that built the physical infrastructure of the United States. Bill Gates co-founded Microsoft and produced software products that aided the computer revolution. But Carnegie had amassed quite a fortune long before he built Carnegie Steel Co., and Gates had quite a fortune by 1990. Had they the mind of our president, we would have lost much of their contributions, because they had already "made enough money."
Class warfare thrives on ignorance about the sources of income. Listening to some of the talk about income differences, one would think that there's a pile of money meant to be shared equally among Americans.
Four of MF Global’s former clients have made public their experiences with the failed financial derivatives broker, each of them losing their money and two of them their businesses as a result of MF Global’s bankruptcy. One, a commodity trading advisor who wishes to remain anonymous, described her experience when she first learned that MF Global was in trouble:
The deck was heavily stacked against anti-establishment outlier and presidential candidate Ron Paul in the November 22 CNN debate, but the Texas Congressman and medical doctor was able to control the debate and slam his rivals on issues such as the Patriot Act, Supercommittee sequestration, and foreign aid. Paul, who has risen in the polls recently with an anti-war and personal liberty message, faced off in a crowded field of neoconservative opponents and a bevy of hostile questions from the neoconservative Heritage Foundation and the American Enterprise Institute.
The debate included questions by former Dick Cheney Chief of Staff David Addington (a Heritage Foundation vice president) as well as Bush administration-era Deputy Secretary of Defense Paul Wolfowitz (2001-2005), who helped push the United States into the Iraq War and is now a "visiting scholar" of the American Enterprise Institute. No skeptics of America's foreign wars were asked any questions for the entire duration of the debate.
Heritage Foundation official and former Attorney General Ed Meese led off the presumptive and biased questioning in the debate with this doozy: "At least 42 terrorist attacks aimed at the United States have been thwarted since 9/11. Tools like the Patriot Act have been instrumental in finding and stopping terrorists. Shouldn't we have a long range extension of the investigative powers contained in that act so that our law enforcement officers can have the tools that they need?" The Patriot Act allows so-called "National Security Letters," which are warrantless searches in flagrant violation of the Fourth Amendment to the U.S. Constitution.
When Johnnie and Clara Russell posted a small yard sign on their own North Texas property outside Ft. Worth several years ago, they did not expect that they would have to seek government permission first. The sign, which promoted an event called “Wake Up America” for conservative pundit Glenn Beck’s “9/12 Project,” provoked the ire of one of their neighbors, who complained to authorities.
Lynchburg, Virginia's Liberty University Chancellor Jerry Falwell, Jr. announced a change in policy that now allows students, staff, and visitors with concealed weapons permits to carry guns on campus. He commented that the new policy “adds to the security and safety of the campus and it’s a good thing. If something — God forbid — ever happened like what happened at Virginia Tech, there would be more than just our police officers who would be able to deal with it.” He added, "I think it’s consistent for a school, for a student body that’s strongly in favor of the Second Amendment … to have policies that are at least as lenient as a number of other universities."
Voters beware the salesmen who come with hat in hand, pitching shiny or miraculous services and benefits for a bargain bottom price and the promise of a profit. Your wallets and blank checks are their target. With a ballooning price tag and doubts about federal funding, it is increasingly obvious that voters were sold a bill of goods by the backers of California’s high-speed train to nowhere....
Occupy Wall Street’s latest grievance centers on student loan programs and higher education reform, and the group’s most recent campaign involves a movement-wide boycott on student loan debt repayment. Early Monday afternoon, a crowd of faculty and student organizers assembled at the southeast corner of New York City's Zuccotti Park to announce Occupy Student Debt, a national initiative directed at recruiting student loan borrowers and requesting that they willfully default on their loan payments. The campaign consists of three pledges:
1. A refusal to make loan payments. This pledge will take effect after a million debtors have signed on to the campaign.
2. A faculty pledge of support for the "refusers."
3. A general, non-debtors' pledge of support for parents, the students and other public sympathizers.
"Since the first days of the Occupy movement, the agony of student debt has been a constant refrain," New York University professor Andrew Ross announced to a crowd of more than 100 people. "We’ve heard the harrowing personal testimony about the suffering and humiliation of people who believe their debts will be unpayable in their lifetime."
With the European and American economies in the midst of a profound crisis, the drive by United Nations globalists and radical environmentalists to push for economic redistribution in the name of stopping climate change appears to be foundering. The United Nations Framework Convention on Climate Change (UNFCCC) has pushed an ideological agenda since 1992. The UNFCCC will begin this year’s meeting in Durban, South Africa, on November 28, but organizational insiders appear to be despairing before the conference even begins.
Like their American counterparts, British officials are increasingly opting for so-called "security" rather than ensuring the privacy of their citizens. In Oxford, England, security officials have announced a plan to install surveillance cameras in private taxicabs.