It’s Probably Nothing

Bloomberg;

Stephenson Clarke Shipping Ltd., started in 1730, has been placed into liquidation, according to a statement from accounting firm Tait Walker. The Newcastle-Upon-Tyne, England- based shipper, which employed nine people, sold off its final vessel in July, according to the statement.
The Baltic Dry Index, a gauge of rates to transport dry- bulk commodities including grains and coal by sea, is down 55 percent this year and on course for a fourth annual slide in five years, data compiled by Bloomberg show. The current slump is “one of the worst experienced for many years,” the shipping company said in the statement.

h/t POK

Y2Kyoto: All Your Tax $$ Are Belong To Them

Taxpayer.com;

To better understand the magnitude of the Pacific Carbon Trust’s drain on taxpayers, classrooms and operating rooms, I’ve done some number crunching.
Universities and colleges in B.C. spent $4,457,796 ($3,980,175 plus HST) on carbon credits in 2011.
Here’s what the Health Authorities spent on carbon credits in 2011 (Total cost to all health care providers: $6,481,216—that’s $5,786,800 plus HST):

Lots of detail at the link.

Socialist Math

France’s new socialist dream president, François Hollande, would like everyone to pay a 75% tax on any portion of their income above one million euros. What could possibly go wrong with this “genius” plan?
There’s an interesting quotation in the article:

“French people have an uncomfortable relationship with money,” Mr. Grandil said. “Here, someone who is a self-made man, creating jobs and ending up as a millionaire, is viewed with suspicion. This is big cultural difference between France and the United States.”

That last sentence may have been true 20 or more years ago but is it really valid any longer? Thanks to the Occupy Movement and the never-ending class warfare tactics of the Democrat Party and their allies in the MSM, it seems that half of the American people also view successful people with suspicion, derision, and envy. While this remains true, the idea that compromise can be found between the Left and the Right is pure nonsense.
Lee Doren has published a video on the issue.

Continue reading

In Canada “you’re either a sucker or a supplicant”

Richard Anderson, formerly known as Publius, on government-encouraged duff-sitting:


The argument that the welfare state in general, and the equalization in particular, are demonstrations of Canadians caring for other Canadians rings hollow. Refusing to recognize economy reality and sustaining people in economic nostalgia is not compassionate. It is a soft headed short-term view of the economic and social life of the nation. We’ll keep people happy today and not try to think about tomorrow. Heck, perhaps we’ll even given them some “job” training for jobs that will never return to this continent. All the while a near decade long labour shortage continues in Alberta and Saskatchewan.
Taking the long view, which in this case is only a few years ahead, the sensible thing would be to move low skilled unemployed or underemployed workers in Central Canada to the West and East where they are needed. This is what would happen naturally in a free market. Even if we had only a modest welfare state, one which was financed by each province’s own fiscal resources, we would still see far greater inter-regional mobility. A broke province cannot afford to keep people on the dole indefinitely, unless richer regions of the country subsidize that behaviour.
Rather than promoting national unity transfers payments, both equalization and the health and social transfer, undermine it…

Your Moral And Intellectual Superiors

Alan Caruba;

The most troubling trend in recent times has been a steady erosion of journalism’s integrity.
In particular, the latest example has been ABC’s lax ethics that visited devastation on a company with a thirty-year history of safe operation, Beef Products, Inc. The company pioneered the provision of lean, finely textured beef which is blended with fattier hamburger to make it more learn and nutritious. It also protects it against pathogens with a process that won the coveted 2007 “Black Pearl” award from the International Association for Food Protection.
ABC reporter Jim Avila, in hot pursuit of a journalism award, wrote a series of reports claiming that BPI was producing “pink slime” with the network hyping the term by using it 52 times in a two-week period in March. Any reporter investigating BPI would have swiftly found a mountain of evidence exonerating the company from any hint of the allegations made against it.
Avila’s reporting put BPI in jeopardy of closing down entirely, forcing the suspension of business at plants in Texas, Kansas, and Iowa, while the headquarters plant in Dakota Dunes, South Dakota, struggles to continue operations. So far 650 employees have lost their jobs with several thousand more jobs at risk at companies that relied on BPI, affecting their families and communities.

Via

Is There Nothing That Obama Can’t Do?

Reflecting Warsaw’s long-standing anger over the 2009 cancellation of a controversial Bush-era anti-ballistic missile system President Bronislaw Komorowski said Poland should build its own missile shield to ensure national defence.
“Our mistake was that by accepting the American offer of a shield we failed to take into account the political risk associated with a change of president,” said Mr Komorowski in a magazine interview. “We paid a high political price. We do not want to make the same mistake again. We must have a missile system as an element of our defences.” . . .

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