Friday, December 22, 2006

Economics at the University of Chicago

A look inside the "Principles of Macroeconomics" course - highly interesting. Note that the class begins to challenge the professor when he gets to the subject of free trade, at the end of the course.

I wish I had experienced an economics course like this one when I was in school.


Thursday, December 21, 2006

Thanks For the Memories, Kofi



Kofi Annan's legacy at the U.N.? Umm, let's just say it won't be too pretty. Permit me to share with you, loyal reader, a few excerpts from the Wall Street Journal's synopsis:



Seven years later--thanks to U.S. military action that Mr. Annan did everything in his power to prevent--we learned that he had presided over the greatest bribery scheme in history, known as Oil for Food. We learned that Benon Sevan, Mr. Annan's trusted confidant in charge of administering the program, had himself been a beneficiary of Iraqi kickbacks to the tune of $160,000. We learned that Mr. Annan's chief of staff, Iqbal Riza, had ordered potentially incriminating documents to be destroyed. We learned that Mr. Annan and his deputy, Louise Frechette, were both aware of the kickback scheme but failed to report it to the Security Council, as their fiduciary duties required. However, we haven't yet learned whether the senior Annan illegally helped his son Kojo obtain a discounted Mercedes, an issue on which the Secretary General has stonewalled reporters.

Earlier this year, Mr. Annan was also forced to place eight senior U.N. procurement officials on leave pending investigations on bribery and other charges. Vladimir Kuznetsov, the head of the U.N. budget-oversight committee, was indicted this year on money-laundering charges. Alexander Yakovlev, another procurement official, pled guilty to skimming nearly $1 million off U.N. contracts. The U.N.'s own office of Internal Oversight found that U.N. peacekeeping operations had mismanaged some $300 million in expenditures.



Mr. Annan came to office after a stint as head of U.N. peacekeeping operations. The period corresponded with the massacre in Srebenica of 7,000 Bosnians and the genocide of 800,000 Tutsis in Rwanda, both of which were facilitated by the nonfeasance of peacekeepers on the ground. It was later revealed that Mr. Annan's office explicitly forbade peacekeepers from raiding Hutu arms caches in Rwanda just four months before the genocide.



The world's worst man-made humanitarian catastrophes have since taken place in Zimbabwe, North Korea, Congo and Darfur. Mr. Annan has been mostly silent about the first two, perhaps on the time-honored U.N. principle of non-interference in the
internal affairs of member states other than the U.S. In the Congo, U.N. peacekeepers haven't stopped the bloodshed, but they have made themselves notorious as sexual predators.



By contrast, Mr. Annan has been voluble on Darfur: In his speech at the Truman Library, he argued that the lesson of Darfur is that "high sounding doctrines like the 'responsibility to protect' will remain pure rhetoric unless and until those with the power to intervene effectively--by exerting political, economic, or, in the last resort, military muscle--are prepared to take the lead." Nice words. However, it is amazing
that Mr. Annan should utter them, given his own role in obstructing "those with the power to intervene effectively"--namely the U.S.--in other situations. Mr. Annan's first great solo diplomatic venture came in early 1998, when he ran interference for Saddam Hussein to forestall military strikes by the Clinton Administration. Saddam, he said at the time, was a man with whom he could "do business." He did the same in the run-up to the Iraq War and did the terrorist insurgency a moral service by pronouncing that war "illegal." Given that Saddam was killing his own people at an average rate of 36,000 a year, what does this say about Mr. Annan's solicitude for the oppressed?



Let's think twice before we ascribe too much legitimacy to the United Nations. It is a dangerous joke (although it doesn't have to stay that way), and highly representative of the naive internationalism of the left.

The Tension Between Science and Alarmism

Are things getting out of hand in the global warming debate? One climate scientist thinks so...

De Facto Sanctions on Iran

The world is quietly squeezing Iran in the pocketbook. Very interesting.

Tuesday, December 19, 2006

Iraq Study Group

Check out the secret footage

Thursday, December 14, 2006

A Great Image For the Next Round of Senate Campaigns


Senator Bill Nelson (D-Florida) meeting, on his own, with the President of Syria last week. Also slated to meet with the dictator responsible for the death of Americans in Iraq and multiple high-profile assassinations of political enemies in Lebanon: John Kerry, Arlen Specter, and Chris Dodd.
Fantastic! What great timing, and what an excellent message to send to our enemies. Thanks, Senators, for undermining U.S. foreign policy and warming the hearts of our foes, all in time for Christmas!


UPDATE:
A group of Congressmen went to visit Cuba on a similar trip the other day. They were apparently anxious to learn about the fate of Senor Castro.

Thursday, December 07, 2006

Options For Iran

Iranian vulnerabilities, American alternatives.

As Michael Ledeen would say - "faster, please".

Monday, December 04, 2006

Global Warming Gag Order

As the Wall Street Journal puts it, the message from Senators Rockefeller and Snowe to ExxonMobil is clear: shut up about global warming, and pay up.

It would be beneficial for the reader to peruse the entire letter (to the CEO of ExxonMobil) and the WSJ response. To pique interest, some excerpts. Let's begin with the gist of the letter, dated October 27:

We are convinced that ExxonMobil's longstanding support of a small cadre of global climate change skeptics, and those skeptics access to and influence on government policymakers, have made it increasingly difficult for the United States to demonstrate the moral clarity it needs across all facets of its diplomacy.

Obviously, other factors complicate our foreign policy. However, we are persuaded that the climate change denial strategy carried out by and for ExxonMobil has helped foster the perception that the United States is insensitive to a matter of great urgency for all of mankind, and has thus damaged the stature of our nation internationally.

We fervently hope that reports that ExxonMobil intends to end its funding of the climate change denial campaign of the Competitive Enterprise Institute (CEI) are true. Similarly, we have seen press reports that your British subsidiary has told the Royal Society, Great Britain's foremost scientific academy, that ExxonMobil will stop funding other organizations with similar purposes. However, a casual review of available literature, as performed by personnel for the Royal Society reveals that ExxonMobil is or has been the primary funding source for the "skepticism" of not only CEI, but for dozens of other overlapping and interlocking front groups sharing the same obfuscation agenda.

Large corporations in related industries have joined ExxonMobil to provide significant and consistent financial support of this pseudo-scientific, non-peer reviewed echo chamber. The goal has not been to prevail in the scientific debate, but to obscure it. This climate change denial confederacy has exerted an influence out of all proportion to its size or relative scientific credibility. Through relentless pressure on the media to present the issue "objectively," and by challenging the consensus on climate change science by misstating both the nature of what "consensus" means and what this particular consensus is, ExxonMobil and its allies have confused the public and given cover to a few senior elected and appointed government officials whose positions and opinions enable them to damage U.S. credibility abroad.

A study to be released in November by an American scientific group will expose ExxonMobil as the primary funder of no fewer than 29 climate change denial front groups in 2004 alone. Besides a shared goal, these groups often featured common staffs and board members. The study will estimate that ExxonMobil has spent more than $19 million since the late 1990s on a strategy of "information laundering," or enabling a small number of professional skeptics working through scientific-sounding organizations to funnel their viewpoints through non-peer-reviewed websites such as Tech Central Station. The Internet has provided ExxonMobil the means to wreak its havoc on U.S. credibility, while avoiding the rigors of refereed journals.

In light of the adverse impacts still resulting from your corporations activities, we must request that ExxonMobil end any further financial assistance or other support to groups or individuals whose public advocacy has contributed to the small, but unfortunately effective, climate change denial myth. Further, we believe ExxonMobil should take additional steps to improve the public debate, and consequently the reputation of the United States. We would recommend that ExxonMobil publicly acknowledge both the reality of climate change and the role of humans in causing or exacerbating it. Second, ExxonMobil should repudiate its climate change denial campaign and make public its funding history. Finally, we believe that there would be a benefit to the United States if one of the world's largest carbon emitters headquartered here devoted at least some of the money it has invested in climate change denial pseudo-science to global remediation efforts. We believe this would be especially important in the developing world, where the disastrous effects of global climate change are likely to have their most immediate and calamitous impacts.


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A few excerpts from the WSJ response:

Washington has no shortage of bullies, but even we can't quite believe an October 27 letter that Senators Jay Rockefeller and Olympia Snowe sent to ExxonMobil CEO Rex Tillerson. Its message: Start toeing the Senators' line on climate change, or else.

The Senators aren't dumb enough to risk an ethics inquiry by threatening specific consequences if Mr. Tillerson declines this offer he can't refuse. But in case the CEO doesn't understand his company's jeopardy, they add that "ExxonMobil and its partners in denial have manufactured controversy, sown doubt, and impeded progress with strategies all-too reminiscent of those used by the tobacco industry for so many years." (Our emphasis.) The Senators also graciously copied the Exxon board on their missive.

This is amazing stuff. On the one hand, the Senators say that everyone agrees on the facts and consequences of climate change. But at the same time they are so afraid of debate that they want Exxon to stop financing a doughty band of dissenters who can barely get their name in the paper. We respect the folks at the Competitive Enterprise Institute, but we didn't know until reading the Rockefeller-Snowe letter that they ran U.S. climate policy and led the mainstream media around by the nose, too. Congratulations.

Let's compare the balance of forces: on one side, CEI; on the other, the Pew Charitable Trusts, the Sierra Club, Environmental Defense, the U.N. and EU, Hollywood, Al Gore, and every politically correct journalist in the country. We'll grant that's a fair intellectual fight. But if the Senators are so afraid that a handful of policy wonks at a single small think-tank are in danger of winning this debate, they must not have much confidence in the merits of their own case.

The letter is of a piece with what has become a campaign of intimidation against any global warming dissent. Not only is everyone supposed to concede that the planet has been warming--as it has--but we are all supposed to salute and agree that human beings are the definitive cause, that the magnitude of the warming will be disastrous and its effects catastrophic, that such problems as AIDS and poverty are less urgent, and that economic planners must therefore impose vast new regulatory burdens on everyone around the world. Exxon is being targeted in this letter and other ways because it is one of the few companies that still thinks some debate on these questions is valuable.

Every dogma has its day, and we've lived long enough to see more than one "consensus" blown apart within a few years of "everyone knowing" it was true. In recent decades environmentalists have been wrong about almost every other apocalyptic claim they've made: global famine, overpopulation, natural resource exhaustion, the evils of pesticides, global cooling, and so on. Perhaps it's useful to have a few folks outside the "consensus" asking questions before we commit several trillion dollars to any problem.

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By the way, here is the Competitive Enterprise Institute's insidious website. More "denier" sites can be found, for the curious, here and here, as well as a good summary article from Steven Hayward of National Review here.

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UPDATE:

Lord Monckton, of Britain's House of Lords, appears to be none too pleased with the Senators' letter either. He sent an open letter to them demanding that they uphold free speech or resign:

To the Senators' comparison of ExxonMobil's funding of climate sceptics with tobacco-industry funding of research denying the link between smoking and lung cancer, Lord Monckton counters, "Your comparison of Exxon's funding of sceptical scientists and groups with the former antics of the tobacco industry is unjustifiable and unworthy of any credible elected representatives. Either withdraw that monstrous comparison forthwith, or resign so as not to pollute the office you hold."

Concludes Lord Monckton, "I challenge you to withdraw or resign because your letter is the latest in what appears to be an internationally-coordinated series of maladroit and malevolent attempts to silence the voices of scientists and others who have sound grounds, rooted firmly in the peer- reviewed scientific literature, to question what you would have us believe is the unanimous agreement of scientists worldwide that global warming will lead to what you excitedly but unjustifiably call 'disastrous' and calamitous' consequences."

This tidbit from the article is interesting as well (couldn't get the spacing to work - this line is a Catch-43 comment, not part of the quote):

In what The Charleston (WV) Daily Mail has called "an intemperate attempt to
squelch debate with a hint of political consequences," Senators Rockefeller and
Snowe released an open letter dated October 30 to ExxonMobil CEO, Rex Tillerson,
insisting he end Exxon's funding of a "climate change denial campaign."
In what The Charleston (WV) Daily Mail has called "an intemperate attempt to squelch debate with a hint of political consequences," Senators Rockefeller and Snowe released an open letter dated October 30 to ExxonMobil CEO, Rex Tillerson, insisting he end Exxon's funding of a "climate change denial campaign." The Senators labeled scientists with whom they disagree as "deniers," a term usually directed at "Holocaust deniers." Some voices on the political left have called for the arrest and prosecution of skeptical scientists. The British Foreign Secretary has said skeptics should be treated like advocates of Islamic terror and must be denied access to the media.