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Showing posts with label trade. Show all posts
Showing posts with label trade. Show all posts

Tuesday, November 17, 2015

Is the European Project Falsifiable?

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"... I’ve developed the habit of asking proponents of the European project what would have to happen for them to stop adhering to it. Is there anything that might cause them to doubt their belief in the merger of European countries? The question is inspired by Karl Popper, who saw in the ability to answer this question the ultimate proof of a rational, scientific approach. He called this principle falsifiability: those defending a position – for example that European integration is important and necessary – should be able to say what would have to happen for them to abandon it. If they are unable to do so, their convictions are not rational or scientific, but ideological or religious...."

Popper introduced this question into the most important debate of his time and used it to expose Marxism. For it is impossible to falsify the view of history as a class struggle that will ultimately result in world revolution. It is a closed theory, based on a vision of the past (‘oppression’) and a vision of the future (‘revolution’), and nothing can possibly refute or prove it wrong. Marxism has an explanation for every possible event. If the workers revolt that is a confirmation of Marxist theory. If the workers do not revolt, then that is also a confirmation of Marxist theory, because failure to revolt is proof of their continued oppression. Whatever happens, we’re never to doubt Karl Marx’s prophecy.
The quasi-argumentation that currently justifies the European project is analogous in significant respects to the type of reasoning once employed by Marxist ideologues. Therefore, when I ask its supporters what would have to happen, or what would have to be proven, to make them change their mind, I never get an answer. Instead, a ritual-like repetition of the EU party line is rattled off, starting with the credo that ‘in the past, Europe waged war’ and that ‘unification brings peace’. The terrorist attacks in Paris, or indeed any other catastrophe (such as the eurocrisis), could never change that fundamental belief – because, so they’ll say, it’s a historical fact. Upon the suggestion that NATO’s role be included in our understanding of the peace we’ve witnessed since 1945, as well as the emergence of the Cold War, the rebirth of Germany as a democratic nation, the rise of the welfare state, the nuclear deterrent and a declining demography (all of which having absolutely nothing whatsoever to do with the EU), the europhile won’t argue with you (lest he might be forced to concede). Instead, he’ll shift the subject and say: “But the EU brings prosperity.”
If one then explains that free trade is perfectly possible without Brussels’ centralized management of the economy, that countries outside the EU do perfectly fine, and the euro currency has driven several member states to the edge of economic abyss, the Europhile counters that, actually, the real purpose of the EU is to form a ‘block’ against emerging powers such as China and Brazil. To the objections, then brought forward, that the EU undermines the real and unique strength of Europe – its political, legal, and cultural diversity – and that all decisive breakthroughs in European history, including the Protestant Reformation, the Enlightenment, the industrial revolution, oversees exploration, technological innovation and economic competition, were possible precisely – and only – because of its decentralization, the true believer’s response is to remind you that Europe has enjoyed sixty years of peace. And so the argument comes full circle.
When people voice objections to further expansion of EU powers in referendums or opinion polls the conclusion is always: ‘We need to explain it better’. When its concocted schemes break down, as in the case of the euro, the answer is: ‘It was introduced too soon’. And when the open borders lead to enormous immigration problems and terrorist attacks, they call for a European army! Should you then point out, finally, that the Scandinavian countries and Britain will never agree to be ruled from Brussels by a federal government and an integrated army, the europhile generously suggests a ‘Europe of two speeds’.
Yes, why not have a two-speed Europe? It suggests an open worldview – tolerant and welcoming. Prudent. But what it really means, indeed, what is actually implied in the term, is that we are all on the same track – with the same destination. Some countries are going faster, others more slowly, but we’re all moving in the same direction. The Europhile simply can’t imagine two destinations. There’s only one destination, history moves towards one goal only. Some of us are pulling ahead (at full speed) while others are lagging behind (at a lower speed). But there can be no doubt about the final dot on the horizon.
Overwhelmingly, Europeans do not want the EU’s usurpation of their democratic rights of self government. Southern European economies are on the verge of collapse. Open borders have led to an immigration explosion and now terrorist attacks. A Weimar scenario is unfolding in Greece and Portugal. The Europhile draws only one conclusion: ‘We need more Europe’. His worldview is as hermetically sealed as that of the Marxist, and reality has absolutely no bearing on him. Over sixty-five years after the publication of Karl Popper’s The Open Society and its Enemies, the poverty of historicism is still with us, alive and well, and shared by the overwhelming majority of our hopeless elite.

Thierry Baudet

Thierry Baudet is the author of The Significance of Borders. Why Representative Government and the Rule of Law Require Nation States, and he is the founding director of the independent thinktank Forum for Democracy.

Saturday, April 25, 2015

Chappaqua

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'A meeting between Frank Giustra and Kazakhstani nuclear holding company Kazatomprom was held in the Clintons’ home in Chappaqua, NY. Clinton officials and Giustra both denied such a meeting took place until a NYT reporter, Jo Becker, told them “Well, we already talked to the head of Kazatomprom who not only told us about the meeting, but actually has a picture of him and Bill in front of the home in Chappaqua that he proudly displayed on the office wall.”
'Only then did both parties concede that such a meeting had taken place, Becker tells Fox News.'
[Has the NYT decided not to coverup for the Clintons now?  Maybe Obama through Valarie Jarrett and Suzy Rice is leaking info for revenge on the Clintons so  he can avoid endorsing her for the Dem nomination?   Then shoe in Lizzy Warren with the woman card and the Left credentials he wants.]

Tuesday, November 11, 2014

Internet Sales Tax bill

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FT reports Republicans will not let the Internet Sales Tax bill pass this session of Congress.

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/ac18e94a-6930-11e4-b389-00144feabdc0.html#ixzz3IjujsXCJ

"Marketplace Fairness" is the cynically coined title  of a bill that denies fairness and manipulates the  market.

Markets need to be free, not encumbered by price and  quota loopholes devised by a greedy, economically illiterate government.   Sales tax is imposed by most states at the cash  register.  If the cash register is in another state,  they cannot impose or collect sales tax.  That is  NOT a loophole.  That's fairness.

By renaming "Sales Tax" as "Sales and Use Tax" they  try to assert that the tax is due from the consumer well  separated and apart from the cash register.  It's  crooked.
Where I live, the state sales tax is 9.75% until  last year when the county added 2% sales tax to  food.  I'm not talking fine upscale restaurant food.  I'm talking bread, milk, baby formula, vitamins,  cough drops, rice, flour, beans, your family's  GROCERIES!

Sales Tax is justified if at all by the  infrastructure, services, and facilities furnished by  the local government.  That means that the brick and  mortar retailers in town get:  Police and fire  services, meat, kitchen, elevator, deli scale,  building, fire marshal inspections, courts, prosecutors, public defenders, jails, and probation  officers to identify, apprehend, detain, try,  incarcerate, and rehabilitate offenders who  shoplift, embezzle, steal, purse grab, armed rob the  retailer or his customers.  It enables street  cleaning, pothole repair, sewers, water supply,  traffic signals, snow removal, accident response and  ambulance service, tornado sirens, early disaster  responders, and on and on.  All very expensive services for the benefit and protection of the  local retailers.   Not one of those benefits accrue to the  interests of the out-of-state merchant.  None,  bubkis, nada, zilch, zero!  "Marketplace Fairness?"   I think not.

Doctors, lawyers, chiropractors, accountants,  therapists, UPS, FedEx, the post office, storage  spaces, veterinarians (except for pet food) are not  required to collect sales tax, and we users of those  services are not required to tally and pay tax for  their use.  
We consumers-tax payers have been struggling more  and more every pay period to make our ends meet  since 2008.  Internet merchants enable us to find  bargains and broaden our choices.  It is a trade off:  We have to pay  shipping.  The state tax authority will want sales  tax on the shipping, you can depend upon it. Each  state, I suggest will need to hire two additional  people, with offices, parking spaces, and generous  benefits to administer the sales tax collections  from each of the 50 states and several territories  subject to US law.  That's 50 times 50 more tax  collectors!  They want every resident to file a  Sales & Use Tax Return?  An army of new auditors on our state's payrolls making government yet even that  much bigger than the productive working sector.  How  are they going to deal with creative merchants who  take their fulfillment to Canada, Mexico, France,  Hong Kong, or Antigua?

What about the five states that have NO sales tax?   Is my state going to put 11.75% sales tax on any  maple syrup I bring in from New Hampshire, crab legs  from Delaware, rocky mountain oysters from Montana,  or granola from Oregon.  "Fairness?"  Hardly.  It is favoritism paid off to the legislators with billions  for new spending.  That's what it is--a sweetheart  deal!   The mobsters in Brooklyn were less rapacious as this. 

This proposal is an unmitigated outrage and insult  to the taxpayers and consumers of this entire  nation.  How Senator Lamar Alexander, Bob Corker,  and other Republican senators could support this  just shows how badly we need Tea Party, low tax,  shrink government leaders now.  These "Marketplace  Fairness" Republicans are sellouts with no right to  our vote.

Tuesday, June 03, 2014

Americans Fighting Back in Alternative Unions

https://discuss.financialjuice.com/t/americans-fighting-back-in-alternative-unions/531link

Americans Fighting Back in Alternative Unions




With the advent of unions in the USA in the 19th century, they were once synonymous with downing tools and walking out to hold the management and the company they were working for to ransom. Collective bargaining and across-the-board pay rises were high on the agenda back then. In the latter part of the twentieth century they were the ones that were relegated to the back offices, shunned by society as an example of not how to be in the USA. They are still there, but their power is diminished today; they are of little benefit to you as a worker if you are not unionized since you wouldn’t be gaining any of the benefits from their deals (that’s reserved for union members only). In some countries, unions gain the benefits for all workers rather than just their own members. 
But, today, workers are forming new types of unions that are based quite simply on the fact that workers have had enough of being paid two cents for doing the hard work while the executives lord it in their ivory towers. 
Today, there are few people in the USA that actually belong to a union and the figures are continually falling.
• In 2013, there were 14.5 million union members in the USA.
• That’s compared with 17.7 million in 1983.
• Union Density (or the percentage of workers that were unionized) stood at 11.3% in 2013 in the USA.
• That figure is a drop from the 20.1% one of 1983.
• In Finland at roughly the same time, there were 70% of workers that were unionized. We would hardly consider Finland as the epitome of the country that downs tools and goes on strike for better wages though, would we?
• The typical union member is probably male according to statistics and he works for the public sector (government workers, teachers and the police force). They also normally live in the Northeast, Midwest and in California.
• If you are a union member, then you get an average of somewhere between 10% and 30% more than a non-union worker in terms of pay for equivalent employment. 
Joining a union hardly serves any purpose today and as sociologists have proved, whenever an employee threatens or mentions that they might be willing to join one, they are immediately replaced by another worker. 
There are some 10, 000 employees every year in the USA today that lose their jobs because they are putting union-talk on the table at company meetings between management and workers. Yes, the law states that companies have to pay a fine for such abusive firing; but they is far better than running the risk of having an organized and powerful trade union on the premises. Today it’s all about informal unions that are being formed or alternative unionization. Take Fight for 15 or OUR Walmart, which are both backed by unions but that are non-affiliated to any union structure. Back in 1992 there were just 5 worker centers that coordinated these campaigns for informal worker-right organization in the USA. That number has exploded today to over 200.
One of the most powerful organizations that is grouping workers together is the Restaurant Opportunities Center, which was founded in 2001. Its aim is to group together the 10 million workers that work in the restaurant sector in the USA. Only 1% of those 10 million workers are actually unionized today. 
These organizations came about because since the Second World War unions have been more about management than actually playing a role of contestation in companies. They simply haven’t managed to change the political system or have clout to help workers benefit. 
The last report that was published actually mentioned that restaurant-sector workers were paid so little that it was the taxpayer that was providing subsidies in the form of state benefits for those workers, just so they could survive. That’s all the time while working for restaurants that are sometimes very profitable. US taxpayers fork out $7 billion a year to help them out. They only have a median wage of $8.69 per hour and that’s at front-line fast-food restaurants. 
There are still 5 states in the USA that have no minimum wage requirement and it’s tantamount to slavery in modern times (Louisiana, Mississippi, Tennessee, Alabama, and South Carolina). There are still four states with minimum wage rates that are lower than the Federal rate (Wyoming, Minnesota, Arkansas, Georgia).

Regarding the last paragraph, I wouldn't like to sound like our inept, corrupt, and misguided Democrat presidential candidate, but what difference does it make if five states have no minimum wage and four have statutory wages that are lower than the Federal MinWage? The Federal MinWage is what must be paid.
The characterization that states with no minimum wage is "tantamount to slavery" and then listing Deep South former slave states and Confederate rebels is quite hogwash. There are some EU states with no MinWage and you won't hear anyone equate those nations with slavery.
The fact is that the EU states with a MinWage have almost double the Unemployment Rate of those EU states with a statutory MinWage. You see, unions do not care about the economic health or the prosperity of their nation or their fellow citizens. They care only about the prosperity of themselves and their dues-paying members. In this, unions are actually quite adversarial to their nation's economic health and growth and no friend to their fellow man. They claim patriotism but merely to define the territorial perimeter of their protectionist and legislative agenda. Patriots know that unionism is seditious.

    Friday, May 02, 2014

    Damn the Torpedoes--Full Steam Ahead: Bill Ayers to the rescue.

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    Who Made That?  

    By Bill Ayers  4-24-14  

    A year ago today 1,133 garment workers died in Dhaka, the People’s Republic of Bangladesh, when an 8-story factory making clothes for national brands like Gap and Benetton, collapsed; 2,500 other workers were pulled from the wreckage. Several companies hastily signed an “accord” requiring stricter safety standards, but Target and Walmart, e.g., refused, saying they would conduct their own safety inspections—you can trust us. In this past year hundreds of garment workers world-wide have died in fires and accidents. All of this is a cruel reminder of the iron logic of capitalism: maximize profit in the giant endlessly grinding vortex of accumulation. Rapacious, callous, petty, predatory, corrupt—capitalism nurtures our vilest qualities while trampling on and constraining our moral imaginations and our most generous instincts. The revolutionary Martin Luther King, Jr. [sic] railed against the triple evils of racism, militarism, and materialism, calling for a new age of racial justice, global justice, and economic justice. 
     Today is a moment to remember, a day to open our eyes anew, a time to be astonished at the injustices we participate in and visit upon one another but also at the alternatives and the possibilities within our reach.
     There are creative ways to express yourselves, and here’s a modest one: wear your clothes inside-out today, and ask yourselves and everyone you meet: who made that?
    ========================================
    Those who fail to study history, miss the point.  Here is another headline that Dr. Ayers may have missed:

      NEAR CLOSING TIME ON MARCH 25, 1911,
    a fire broke out at the Triangle Waist Factory in New York City. Within 18 minutes, 146 people were dead as a result of the fire.

    That shocking tragedy provoked amazing reforms in child labor, fire protection, building inspections, and labor organization resulting in the International Ladies Garment Workers Union.  Everyone loved the ILGWU.  They even had a jingle could hear on the radio and sing along.

    They had a good run.  It got harder and harder though to make a living in cut & sew operations, first in NYC and then in NYS because of local closed shop labor laws.  So the fabricators and sewing was moved to non-union jurisdictions like N. Carolina and Virginia.   The upside is that while there were no more jobs for cut & sew seamstresses and operators in NY, is that there were no more fires at the Triangle Shirtwaist Factory on 14th Street.

    Things got tight even in these non-union, right to work states, so the jobs went overseas.  To Bangladesh.  I don't know about the fire escapes in Bangladesh, or the fire inspectors, or the OSHA guys, the rescue squads, hospitals, Parking Violations Bureaus, or OTB parlors they might have like our "advanced industrial nation" here, but we seem to have successfully protected thousands of Americans and American immigrants from death and perilous injury.    

    Aren't unions wonderful at protecting the American worker.  Give em a raise!

    As David Dubinsky, President of the ILGWU, said at the commemoration of the 50th anniversary of the fire in 1961: "These were our martyrs because what we couldn't accomplish by reasoning with the bosses, by pleading with the bosses, by arguing with the bosses, they accomplished with their deaths."
    http://www.ilr.cornell.edu/trianglefire/legacy/TFAndILGWU.html

    Sunday, February 24, 2013

    Background -- Muslims in America

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    Barton gives some history of Mohammed and his religion; gives lots of "new" information about the Barbary Powers war against the new nation, no-navy America. Keith Ellison should not be regarded as a threat to America or Judeo/Christianity, but the use of deception, betrayal, and barbarity are shown elemental to the faith.

    Wednesday, May 05, 2010

    New Trade - WDC

    WDCWestern Digital Corp.
    Buy to Open300@$42.79

    WDC 2010 OCT 46.00 PUT
    Buy to Open3@$6.70

    Bought shares of WDC$42.79
    BTO Oct 2010 46 Put+$6.70
    Total Investment$49.49
    Guaranteed Return-$46.00
    Total amount AT RISK$3.49or 7.1%

    Tuesday, January 23, 2007

    Technical analysis video


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    Monday, January 22, 2007

    Technical analysis video of individual stock trading ideas for Tuesday January 23, 2007 including; Apogee Enterprises, Inc. (Public, NASDAQ:APOG), Sapient Corporation (Public, NASDAQ:SAPE), Dynamic Materials Corporation (Public, NASDAQ:BOOM) and Express Scripts, Inc. (Public, NASDAQ:ESRX) Trend analysis for daytraders and swingtraders of stocks and options. Trading stocks involves risk; this information should not be viewed as trading recommendations.

    Monday, January 15, 2007