Archive for 2010

WALL STREET JOURNAL: EMPLOYERS ON STRIKE.

Almost everything Congress has done in recent months has made private businesses less inclined to hire new workers. ObamaCare imposes new taxes and mandates on private employers. Even with record unemployment, Congress raised the minimum wage to $7.25, pricing more workers out of jobs. The teen unemployment rate rose to 26.4% in May, and for those between the ages of 25 and 34 it rose to 10.5%. These should be some of the first to be hired in an expansion because they are relatively cheap and have the potential for large productivity gains as they add skills.

The “jobs” bill that the House passed last week expands jobless insurance to 99 weeks, while raising taxes by $80 billion on small employers and U.S-based corporations. On January 1, Congress is set to let taxes rise on capital gains, dividends and small businesses. None of these are incentives to hire more Americans.

Indeed.

AN INTERESTING BOTOX SIDE EFFECT:

In a recent study of women undergoing cosmetic treatment with Botox, researchers found that the treatment, which blocks facial nerve impulses, seemed to slow the ability to comprehend emotional language.

“We know that language moves us emotionally,” said the lead author, David Havas, a psychology graduate student at the University of Wisconsin-Madison. “What this study shows is that that’s partly because it moves us physically.”

Perhaps this explains Nancy Pelosi’s recent ham-handedness . . . . (Via Ann Althouse).

WHAT AT&T’S NEW LIMITED DATA PLAN MEANS TO USERS. I think it’s an admission that their creaky network infrastructure isn’t able to meet the promises made to iPhone and iPad users.

SHOCKER: Hungary Says Its Books Were Cooked. “There’s a saying I’ve heard from accountants: recessions uncover what auditors can’t. . . . That’s why recessions always seem to be accompanied by revelations of terrible accounting practices, which makes a lot of people think that an epidemic of dishonest accounting must have brought the economy to its knees. But there’s not much evidence that accounting practices actually get worse at the end of booms; it’s just that companies who might have gotten away with it and eventually made enough money to repair the hole in their balance sheets, instead are forced to disclose what they’ve done. I supect that this is also the case with the emerging epidemic of governments who cooked the books.”

TURNING POINT? More on SpaceX’s Falcon 9 launch. “Though the industry’s coming of age is still some way in the future, this launch marks, if you like, its transition from childhood to adolescence.” Some background on what’s going on, here.

MICHELE BACHMANN: Helen Thomas Needs To Go.

UPDATE: Ari Fleischer: Hearst Should Fire Helen Thomas.

ANOTHER UPDATE: Hearst Newspapers Refuse To Say Whether Helen Thomas Will Keep Job.

MORE: Reader Israel Lipschitz writes:

When my father was growing up in Poland in the ‘30s, the local anti-Semites often demanded that the Jews get the hell out of Poland and go to Palestine (after all the Jews had only lived in Poland for 1,000 years and were not really “Polish”). Now Helen Thomas wants the Jews to get the hell out of Palestine and go to Poland. Makes you think that perhaps these folks don’t want the Jews to be anywhere. We have a name for such people – Nazis.

Well, as far as I know she’s not in favor of eliminating gypsies or homosexuals. Then again, maybe nobody’s asked her about them, yet . . .

SHOCKING: Report: Obama knew from the beginning that oil leak would likely last months. “This makes all those golf outings, sports-team photo ops, and celebrity jams with Paul McCartney over the past six weeks feel extra special, doesn’t it?” Well, he figured it was a marathon, not a sprint, so better to pace himself.

But there’s this: “The real disgrace here is why, if he really did know right away that this was the oil equivalent of an asteroid strike, he didn’t scramble some sort of all-hands-on-deck emergency operation to protect the coastline. Remember, Jindal reportedly requested five million feet of hard boom back on May 2, long after Obama (according to Wolffe) knew about the magnitude of the disaster. By May 24, not even 800,000 feet had arrived. What happened?”

UPDATE: Reader Martha Hearron writes:

I hate to be a cynic, but have you looked at how the affected states have voted? How many of them did Obama carry? Also, at least 3 of the 4 governors are Republicans, although Charlie Crist is questionable.

I bet if it was California it would be all hands on deck from day 1.

Nonsense. If that cynical analysis were correct, we’d have seen Obama ignoring the Nashville flood, Kentucky ice storms, etc.

MORE: Further thoughts from Moe Lane.