Category — Markets

Kevin Hassett argues that expanding oil drilling here in the U.S., now, can exert immediate downward pressure on oil & gas prices even though the product of the drilling doesn’t come “on-line” for several years: [Read more →]

The 50,000-strong American Physical Society this week re-opened, then not-so-smoothly tried to shut down, debate over whether evidence for anthropogenic global warming — “Thropo Glo Wo” to conserve syllables — really is “incontrovertible” as the APS has previously claimed.

In the June 2008 edition of APS’ newsletter Physics & Society, the Editor wrote:

There is a considerable presence within the scientific community of people who do not agree with the IPCC conclusion that anthropogenic CO₂ emissions are very likely to be primarily responsible for the global warming that has occurred since the Industrial Revolution.”

The newsletter is posted on the APS website, but the APS quickly tried to hide this all-to-obvious family disagreement, posting the note (above) on its homepage. Funny that the APS would raise the “non-peer-reviewed” status of its own newsletter to refute the easily- and widely-verified assertion that real scientists (as opposed to Al Gore) disagree over how much “thropo” there is in “glo wo.” We’re glad to see this scientific iceberg begin to melt. [Read more →]

In a word, America’s prosecutors are liars or ignoramuses. Sometimes, they are both. In America’s battles against real crime, the prosecution may be our own worst enemy.

Examples besides Texas CPS? Try this. A June 26, 2008 NPR report highlights how, in drafting the recent indictment of Bear Stearns fund managers Ralph Cioffi and Matthew Tannin, U.S. Attorney Benton J. Campbell (apparently) omitted significant exculpatory evidence in e-mails on which his indictment of the defendants is based. Campbell, in drafting this indictment, did roughly the same thing that earned Bernie Ebbers 25 years in prison. Yet the jury foreman dutifully undersigned “A True Bill.” Bill Clinton, maybe. [Read more →]