Monday, December 7, 2009
Details and links at HotAir.
Post-Enron and -Worldcom, Sarbox was passed to require microscrutiny of accounting practices at publicly traded companies. The results would have been (and were) foreseeable to business people, but not to bureaucrats.
WSJ: "In the years since its passage, the country has experienced an historic drought of initial public offerings. Is Sarbox to blame? Many financial pundits say no, but the SEC survey results point in the other direction. When public companies are asked whether Section 404 has motivated them to consider going private, a full 70% of smaller firms say yes, and 44% of all public companies also say yes.
Has Sarbox driven businesses out of the country? Among foreign companies, a majority in the survey say that Section 404 has motivated them to consider de-listing from U.S. exchanges, and a staggering 77% of smaller foreign firms say that the law has motivated them to consider abandoning their American listings."
via Weekly Standard.
Sunday, December 6, 2009
The subject today is the Left (including but not limited to Obama) and magical thinking:
"The teleological world view on the left has been a factor in American politics to a greater or lesser extent since the 1960’s, but this is the first time it was largely in control. And the most likely outcome of it is to make most Americans understand just how deeply worthless, and outright damaging, it is. Which, in the long run, will be very good for America.
The only concern is that we can come through the remaining three years of Obama’s first (and almost certainly his only) term of office without sustaining irreparable damage. If Congress had moved at the speed Obama wanted them to, we might have suffered such damage, but now that we’ve almost made it through his first year and are moving into an election year, with public opinion polls moving strongly against Obama and his policies, I am becoming cautiously optimistic that we can survive this."via Hot Air.
Story at Big Government.
"Specifically, ACORN strong-armed banks and worked with members of Congress, such as Barney Frank, to weaken credit standards in order for banks, as well as Fannie Mae and Freddie Mac, to fund risky mortgages. Mortgages, of course, that stood little chance of ever being paid, as we witnessed last year.But ACORN’s penchant for shaking down banks didn’t begin 2 years ago, or even 10 years ago. Check out this article from the Atlanta Journal-Constitution from 1988. "
"Now the pirating of thousands of e-mail messages from within its walls has revealed a dangerous bunker mentality among the scientists who guarded those records and a data-fudging scandal that has created a crisis of confidence in global-warming science that is threatening to destroy the political consensus around next week's carbon-policy summit in Copenhagen.
On a political level, coming on the eve of the Copenhagen summit, the controversy has been catastrophic: In the last few days, it has prompted opposition politicians in the United States, Britain and Australia to argue that human-caused global warming is a myth."
Saturday, December 5, 2009
At Gateway Pundit.
This guy certainly has a way with words. Anyone know who he is?
"A corporate executive who squandered a year of his investors’ income on a failed attempt to fix unemployment would not be rewarded with a new contract, six times as large, to manage health care… especially when a review of his firm showed a century of nothing but costly failures and fraudulent “business plans."
If Barack Obama truly wanted to help the economy, and reduce unemployment, he would stop giving endless speeches that only reinforce his image as a man who has no idea what he is doing, but is relentlessly determined to do it."
via RightWingNews: "There's more to soft totalitarianism than forbidding things. That which is not forbidden must be made mandatory. Take walking your dog, for example. Bureaucrats can't find a reason to forbid it. Therefore, in Australia they are pushing a law to make it illegal not to walk your dog."
Friday, December 4, 2009
Definitely NSFW. Maybe even not safe for home.
via Kathy Shaidle, who tweets, "You Americans have LOTS of great stuff, but our conservative writers are better."
She also has a very useful (and constantly growing) list of Christmas presents for conservatives.
Thursday, December 3, 2009
"If this wasn't a dry run, I don't know what one is. They wanted to see how TSA would handle it, how the crew would handle it, and how the passengers would handle it. I'm telling this to you because I want you to know. The threat is real. I saw it with my own eyes."
"Hard science, alongside medicine, was one of the few things left accorded automatic stature and respect by most untrained lay persons. But the average person reading accounts of the East Anglia emails will conclude that hard science has become just another faction, as politicized and "messy" as, say, gender studies."
"In other words, at the time Kristof’s article was published this past Sunday, Brodniak was already being treated and cared for by some of the best neurologists in the country! . . . Kristof’s readers have been raising money to pay for the Brodniaks to get him treated. But Brodniak is covered. He doesn’t have to pay a dime.”
Wednesday, December 2, 2009
"Obama’s Afghanistan speech last night would have been adequate for a department store manager, informing the staff that extra help would be hired for the big Going Out of Business sale next year. It wasn’t very inspiring as a war speech. Inspiration is very important in warfare. As a modern liberal with an academic background, Obama sees military operations as unpleasant administrative chores, to be resolved rather than won… but Afghanistan is more than a distraction from the fun industry-nationalizing, trillion-dollar aspects of the President’s job, and resolution is never as inspiring as victory."
"Congress doesn’t want you to know it, but they are about to raise the debt limit because they’ve spent the full $12.1 trillion allowed on their taxpayer-funded credit card."
The case was filed at a police station near the village.
"What makes this story (the financial meltdown of Dubai World) more than simply one of a massive real-estate-investment company gone bad is the double-edged sword so prevalent in the chase for oil-based Middle East wealth: sovereign wealth funds and Shariah-compliant finance."
My daughter, who sells a LOT on eBay, saves up listings for these occasional days.
"The Guardian, the UK’s left wing daily, estimated that “up to 10,000 people” are dying each year of cancer “because their condition is diagnosed too late, according to research by the government’s director of cancer services.” While many people die because of late detection due to their own negligence, there is no reason to believe this self-neglect is more common in the UK than in the US."
How was Turkey lost and why did Washington do nothing to stop it are questions that historians will ponder... Alas, Obama has, like Bush before him, turned a blind eye toward Erdogan's abuses, wishing to believe that Turkey remains a Western democracy even as its prime minister re-orients his country toward Syria, Iran, and Sudan.
"Typically done in the name of deterring erosion, the government carts in truckloads of sand, making the beach bigger. But rather than extending the property of the owner, the state declares itself owner of the sandy addition, effectively separating waterfront home owners from the water itself."
...The theory is flawed. After one month - admittedly not an "infinite" amount of time - the monkeys had partially destroyed the machine, used it as a lavatory, and mostly typed the letter "s".
Investigators on Tuesday alleged that a Brooklyn-based bookkeeper and community organizer for the beleaguered antipoverty group Acorn improperly received $500,000 in merchandise for a corporate rewards program with Verizon, the telephone company, through a complex fraud scheme that went on for more than four years.
WASHINGTON - Federal authorities are expected today to reveal a major international undercover sting in which Philadelphia-based federal agents arrested an Iranian arms dealer in Eastern Europe and secretly extradited him to the United States.
The Iranian has been quietly jailed in a Philadelphia-area prison for nearly two years - the case sealed from public view - as U.S. Immigration and Customs Enforcement (ICE) agents have scoured his laptop to pursue hundreds of leads about Iran's covert effort to acquire American military gear, law-enforcement sources said.
"The crusade against moral hypocrisy necessarily hits conservatives harder, not because conservatives are more immoral, but because they uphold morality more publicly, making them richer targets. The Left aims much of its moralizing at moralizing itself — “thou shalt not judge.” Meanwhile, the Right focuses on the oldies but goodies — adultery, drug use, etc. I think we’re right to uphold a standard even if we sometimes fail to live up to it.
What I don’t think we hear enough about is intellectual hypocrisy. What’s that? Well, if moral hypocrisy is saying what values people should live by while failing to follow them yourself, intellectual hypocrisy is believing you are smart enough to run other peoples’ lives when you can barely run your own."
via The Corner.
Tuesday, December 1, 2009
Makes me feel safer.
"In the book written by Katharine DeBrecht, “Governor Sarah” (a character based on Palin) attempts to help two young boys hold onto their dream of a swing-set business which is struggling as a result of high taxes, heavy regulations and 246 czars.
“I am trying to let all Americans know that these radicals are killing the American Dream and I want to stop them from hurting people that produce products and provide jobs,” the Palin character consoles the frustrated boys after their business is destroyed by “Marxus Obunduf” who is based on President Obama."
Global warming is a scam, pure and simple. By any objective measure, it’s the crime of the century, with a dollar value that dwarfs the sins of Bernie Madoff or Enron. People like Al Gore have become millionaires by selling books and “carbon credits” to their marks… many of whom knew perfectly well they were being taken for a ride, but felt political pressure to play along, or saw opportunities created by the exercise of raw government power. The economic damage from legislation passed in response to this hoax will run into trillions of dollars, if Barack Obama’s disastrous cap-and-trade legislation passes the Senate.
via HotAir's Green Room.