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The taxpayer-funded Australian Broadcasting Corporation (ABC), the Australian equivalent of the British Broadcasting Corporation (BBC), has a TV program moderated by presenter Tony Jones and called Q&A. In Q&A selected studio audience members or viewers submit questions to a panel of 5 MPs, commentators or other public figures (all but one panellist usually being quite right wing) (see: ).
In my view, the ABC achieves "balance" by positioning its editorial policy between the (…)

The anatomy of the state. A gang of thieves.
by Murray N. Rothbard
This essay is from Egalitarianism as a Revolt Against Nature and Other Essays by Murray N. Rothbard (Auburn: Mises Institute, 2000 [1974]), pp. 55–88.
What the State Is Not
The State is almost universally considered an institution of social service. Some theorists venerate the State as the apotheosis of society; others regard it as an amiable, though often inefficient, organization for achieving social ends; but (…)

THERE WILL BE NO DOUBLE DIP…
16.08.2010
No, there will be no double dip. It will be a lot worse. The world economy will soon go into an accelerated and precipitous decline which will make the 2007 to early 2009 downturn seem like a walk in the park.
by Egon von Greyerz
The world financial system has temporarily been on life support by trillions of printed dollars that governments call money. But the effect of this massive money printing is ephemeral since it is not possible to save a (…)

The New Push for a Global Currency
Mises Daily: Friday, August 06, 2010 by Llewellyn H. Rockwell Jr.
You surely didn’t think that the governing elites would let this economic crisis pass without pushing some cockamamie scheme for control. Well, here is the cloud no bigger than a man’s hand, a revival of a 60-year-old idea of a global paper currency to fix what ails us.
The IMF study that calls for this is by Reza Moghadam of the Strategy, Policy, and Review Department, "in (…)

Today is August 15, Indian Independence Day, the anniversary of British departure from India and Pakistan and the cessation of a 2-century Indian Holocaust that killed 1.8 billion Indians through dire deprivation. Pakistan abandoned its Independence Day (14 August) celebrations because of the floods disaster but the US has continued its cowardly robot drone bombing attacks on defenceless Pakistani villages.
It was reported today, India Independence Day, that the Pakistani Prime Minister (…)

Foreclosures and Mounting Unemployment: Signs of Slowdown in US Economy Jobless benefits claims at six-month high
by Barry Grey
Global Research, August 14, 2010 World Socialist Web Site
Reports released this week on initial applications for jobless benefits, bank seizures of foreclosed homes and retail sales all reflect a dramatic decline in US economic growth and growing social distress. On Thursday, the Labor Department reported that first-time jobless claims rose by 2,000 last (…)

Hungary defies the IMF
by Jérome Duval*
All bets are off between the IMF and the conservative Hungarian Prime Minister Viktor Orban. What’s bitten the former golden boy of the Atlanticists for him to suddenly want to introduce taxes on financial profits when it would be easy to raise additional taxes on work? And what if Mr Orban is right, asks Jérome Duval.
14 AUGUST 2010
Viktor Orban, Prime Minister (1998-2002 and since 29 May 2010) Hungary, which will assume the EU presidency for (…)

US Bureau of Economic Analysis: Gov’t Pay is About Twice Private Sector
By Rocky Vega
08/13/10 Reykjavik, Iceland — Recent research out of the US Bureau of Economic Analysis confirms what other analyses have shown… and we’ve come to expect. Government workers are now compensated an average of more than $120,000, or about twice as much as the average private sector worker, who receives about $60,000.
According to Newsmax:
“For the past nine consecutive years, federal employees have (…)

Signs of the Times
By Joel Bowman
08/14/10 Lake Livingston, Texas – We came to see the real America. This week, we had a good look around.
Fellow Reckoners will recall that we are on a vagabond’s odyssey, traversing the Great Empire in search of a Greater Correction. We began our tour in California, the real estate bubble of the west. It will conclude, if all goes to our back-of-the-envelope plan, in Florida, the real estate bubble of the east. In between – Arizona, Nevada, New Mexico, (…)

MASS DELUSION – AMERICAN STYLE
Posted on 14th August 2010 by JimQ in Economy
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” – Charles Mackay - Extraordinary Popular Delusions and the Madness of Crowds
The American public thinks they are rugged individualists, who come to conclusions based upon sound reason and a rational thought process. The truth is that the vast majority of (…)