I Wish I Owned All The Oil Companies In The World Right Now

I’d make a surprise appearance in Washington, just to announce my retirement.

Louisiana State University Endowed Chair of Banking and nationally-renowned economist Dr. Joseph R. Mason estimates that the first six months of the Obama administration’s moratorium on oil and natural gas exploration in the Gulf of Mexico will trigger a loss of more than 8,000 jobs, nearly $500 million in wages, and over $2.1 billion in economic activity in the Gulf region alone.
[…]
According to the study, the United States will see a net loss of 12,000 jobs in the six months – a number which could grow to 36,000 over the next year. Additionally, Dr. Mason estimates that the U.S. economy will lose about $2.8 billion in economic activity and the federal treasuries will lose about $220 million in lost tax revenue.

You can download the paper here (word doc.)
Related: “Where did the jobs go?” Bepuzzlement at the New York Times. Not so much in the comments.

Let Me Fix That Headline For You

stampede_headline.jpg
The Calgary Stampede – Canada’s only major sporting event to make the CBC National absent the names of the winners.
(Actual, you know, balanced coverage of Stampede highlights here, including the auction of retiring chuckwagon driver Neil Walgenbach’s outfit for more than most CBC reporters’ net worth.)

Reader Tips

The late Thomas Dorsey is considered to be the inventor/creator of what we now call gospel music, which melds expressions of praise with melismatic blues-style tones to create a very powerful and affecting musical expression of faith.
In 1937 Dorsey wrote the widely-covered gospel classic Peace In The Valley for Mahalia Jackson. Unfortunately, I could find no videos or even MP3s of Jackson singing it, and many of the versions by other artists either omit the beautiful and important transitional chords or are a bit stilted. Fortunately, and by coincidence, the version I selected has a connection to Dorsey via another gospel great named Roberta Martin: in 1933, when she was a pianist for Dorsey’s youth choir, she organized a youth group called the Martin-Frye Quartet, one of whose members was a gentleman named Romance Watson. I can’t find any biographical information on Mr. Watson, but here he is, years later, all grown up, giving a heartfelt live performance of Thomas Dorsey’s Peace In The Valley.
The comments are open for your Reader Tips.

Great Moments In Socialism

Now is the time at SDA when we juxtapose!
Barack Obama, July 17th“Think about what these stalling tactics mean for the millions of Americans who’ve lost their jobs since the recession began. Over the past several weeks, more than two million of them have seen their unemployment insurance expire.”
Raul Castro, July 18th“Without people feeling the need to work to make a living, sheltered by state regulations that are excessively paternalistic and irrational, we will never stimulate a love for work.”
The world is upside down.

“The humanoid concrete Lego figures…”

… are carrying granite slabs inscribed (in both official languages) with the words rights, dignity and equality, just in case you forgot the monument’s omnipresent message. The words are also reiterated in “47 of the more than 70 languages of the First Peoples of Canada”, although why members of Canada’s First Peoples are especially important to “the historic struggle of all people of the world” (more so than, say, North Koreans, Iranians or Cubans) is lost on me. And why only 47? Are the other 23 not significant enough to be represented? Isn’t that sort of – what’s the word … unequal?

Y2Kyoto: Writing Cheques The Electorate Won’t Cash

Uh oh…

Nova Scotia’s energy minister said Friday he thinks a variety of measures — including possibly revisiting emission standard goals — should be considered as the province grapples with potential energy rate hikes.
After meeting Tuesday with a number of business and community groups concerned about the effects of an increase, Bill Estabrooks wouldn’t take a position when asked whether emission targets needed to be eased in an effort to reduce costs.
But Estabrooks now says it’s his opinion that all options should be considered and that the government is obliged to do something to help many Nova Scotians make ends meet.
“Everything is on the table,” he said in an interview. “As a politician you can announce targets and state policies, but when it comes to people and policies it seems to me at times that people get lost in the shuffle.”
He suggested the government was “going to have to do something,” though he didn’t have a specific suggestion about what to do about emission targets.

Reader Tips

In the 1960s the songwriting team of Carole King and her then-husband Gerry Goffin wrote a number of songs, including (You Make Me Feel Like) A Natural Woman, Up On The Roof, The Locomotion, Will You Still Love Me Tomorrow, and Pleasant Valley Sunday, that became hits for other artists, In 1971, after their divorce, King released Tapestry, a collection of her own songs (with the exception of three that were co-written with Goffin) which became the largest selling solo album of all time. From that Album, here’s Carole King singing You’ve Got A Friend.
The comments are open for your Reader Tips.

Hence, The Tea Party

Never has there been so little diversity within America’s upper crust. Always, in America as elsewhere, some people have been wealthier and more powerful than others. But until our own time America’s upper crust was a mixture of people who had gained prominence in a variety of ways, who drew their money and status from different sources and were not predictably of one mind on any given matter. The Boston Brahmins, the New York financiers, the land barons of California, Texas, and Florida, the industrialists of Pittsburgh, the Southern aristocracy, and the hardscrabble politicians who made it big in Chicago or Memphis had little contact with one another. Few had much contact with government, and “bureaucrat” was a dirty word for all. So was “social engineering.” Nor had the schools and universities that formed yesterday’s upper crust imposed a single orthodoxy about the origins of man, about American history, and about how America should be governed. All that has changed.
Today’s ruling class, from Boston to San Diego, was formed by an educational system that exposed them to the same ideas and gave them remarkably uniform guidance, as well as tastes and habits. These amount to a social canon of judgments about good and evil, complete with secular sacred history, sins (against minorities and the environment), and saints. Using the right words and avoiding the wrong ones when referring to such matters — speaking the “in” language — serves as a badge of identity. Regardless of what business or profession they are in, their road up included government channels and government money because, as government has grown, its boundary with the rest of American life has become indistinct. Many began their careers in government and leveraged their way into the private sector. Some, e.g., Secretary of the Treasury Timothy Geithner, never held a non-government job. Hence whether formally in government, out of it, or halfway, America’s ruling class speaks the language and has the tastes, habits, and tools of bureaucrats. It rules uneasily over the majority of Americans not oriented to government.
The two classes have less in common culturally, dislike each other more, and embody ways of life more different from one another than did the 19th century’s Northerners and Southerners — nearly all of whom, as Lincoln reminded them, “prayed to the same God.” By contrast, while most Americans pray to the God “who created and doth sustain us,” our ruling class prays to itself as “saviors of the planet” and improvers of humanity. Our classes’ clash is over “whose country” America is, over what way of life will prevail, over who is to defer to whom about what. The gravity of such divisions points us, as it did Lincoln, to Mark’s Gospel: “if a house be divided against itself, that house cannot stand.”
[…]
Professional prominence or position will not secure a place in the class any more than mere money. In fact, it is possible to be an official of a major corporation or a member of the U.S. Supreme Court (just ask Justice Clarence Thomas), or even president (Ronald Reagan), and not be taken seriously by the ruling class. Like a fraternity, this class requires above all comity — being in with the right people, giving the required signs that one is on the right side, and joining in despising the Outs. Once an official or professional shows that he shares the manners, the tastes, the interests of the class, gives lip service to its ideals and shibboleths, and is willing to accommodate the interests of its senior members, he can move profitably among our establishment’s parts.

Via Instapundit. This is an important essay, read the rest here and send the link on to your friends.

Reader Tips

I suggest you get some tissues handy, because tonight’s video, shot on the G20 weekend, might just break your hearts. In it, a brave, upright Torontonian stands up for our fundamental rights in the face of in the face of oppressive and callous tyranny. I’m not sure what’s more heartbreaking about the video, the refusal of the authorities to answer his simple questions – “Why are you putting us through this? Who gave you the right? Who are you?” – or the way bystanders looked on with apathetic, almost amused indifference, like it was all a big joke.
While the nature of the footage raises some disturbing questions about whether we are really a free people with rights, or whether anyone even cares anymore, it’s comforting to know that at least one brave soul – I liken him to Rosa Parks – understands that we, as a people, must never, ever surrender our fundamental and inviolable right to shop.
Let freedom ring.
You are invited to provide your Reader Tips in the comments.

Scab Vs Scab

“For a lot of our members, it’s really difficult to have them come out, either because of parking or something else,” explains Vincente Garcia, a union representative who is supervising the picketing.

So instead, the union hires unemployed people at the minimum wage—$8.25 an hour—to walk picket lines.
Mr. Raye says he’s grateful for the work, even though he’s not sure why he’s doing it. “I could care less,” he says. “I am being paid to march around and sound off.”

Published This Month In The Journal Of The Blatantly Obvious

Although much of the research remains “preliminary”…

… several studies suggest that people who spend prolonged periods on their behind are more likely to be overweight, have heart disease or even die.

Soon, every office furniture store in America will be modified with key card operated doors. You simply insert your Obamacare Card that’s embedded with your stimulus-mandated electronic health records into the lock, and if your body mass index is within regulated limits, the door will open and you can purchase a chair!

More Pavilions At Folkfest

See? Canadians are embracing our new multicultural mosaic – right up to our judiciary.

While she’s on probation, Magomadova can’t own weapons and will undergo counseling for depression. She’s also been ordered to attend anger management classes.

Because, as Whoopi Goldberg* might say – we know it wasn’t murder– murder.

Indeed.
“I have always maintained that if Robert Latimer had let his wife start the truck nothing would have happened.”

Reader Tips

Another day, another severe thunderstorm watch. If you’re living on the prairies right now you’ve probably been seeing a lot of oddly dark skies and ridiculous amounts of rain and hail. Or maybe you haven’t been looking at the skies at all, because you’re too busy with a wet-vac and a mop cleaning up your basement.
Time for a little weather music, then: from 1943, here’s the late Lena Horne singing Harold Arlen and Ted Koehler’s Stormy Weather.
The comments are open for your Reader Tips.

Top Hat 10

The flow of oil has stopped, and testing is in progress – meaning Energy Secretary Steven Chu is probably gagged and bound in some back room.

Wells cautioned that the test had just begun, at 2:25 p.m. Central time, and that there were still many milestones yet to reach before the company would be able to conclude that the cap could seal off the well and keep oil from flowing into the ocean, or alternatively, that the company would have to restart containment operations to collect oil from the well.
Wells emphasized that the purpose of the test is to find out how strong the well is. The company is hoping that the well is strong enough to keep oil sealed in underneath the cap. However, if the well isn’t strong enough for that, the test should yield more detailed information about the well, Wells said.
“We’d all like the result that there’s perfect integrity, but the purpose of the test is to see what the integrity is,” Wells said.

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