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LinkedIn disables passwords in wake of Gawker attack | InSecurity Complex - CNET News: "LinkedIn is disabling passwords of users whose e-mail addresses were included in the customer data that was exposed in an attack on the Gawker blog sites."
A smart move!
Tuesday, December 14, 2010
Israel repatriates 150 Sudanese in broader effort to discourage African influx - CSMonitor.com
Israel repatriates 150 Sudanese in broader effort to discourage African influx - CSMonitor.com: "'What does voluntary mean? Systematically, the government is forcing them to go because they aren't providing them assistance,'' says Yohannes Bayu"
How does not providing assistance mean that they are forcing them to leave?
How does not providing assistance mean that they are forcing them to leave?
Production, Enterprise, and Service to Society - Ludwig von Mises - Mises Daily
Production, Enterprise, and Service to Society - Ludwig von Mises - Mises Daily: "In the capitalistic economy, it is consumer demand that determines the pattern and direction of production, precisely because entrepreneurs and capitalists must consider the profitability of their enterprises."
"Entrepreneurs try to produce those goods the sale of which offers them the highest possible gain. They expand production of any particular item up to the point at which it ceases to be profitable. If the entrepreneur produces only those goods whose sale gives promise of yielding a profit, this means that they are producing no commodities for the manufacture of which labor and capital goods must be used which are needed for the manufacture of other commodities more urgently desired by consumers."
"By shifting the height of wages, the market directs workers into those branches of production in which they are most urgently needed. Thus the market supplies to each type of employment that quality and quantity of labor needed to satisfy consumer wants in the best possible way."
"In the capitalistic society, men become rich — directly as the producer of consumers' goods, or indirectly as the producer of raw materials and semiproduced factors of production — by serving consumers in large numbers. This means that men who become rich in the capitalistic society are serving the people. The capitalistic market economy is a democracy in which every penny constitutes a vote. The wealth of the successful businessman is the result of a consumer plebiscite. Wealth, once acquired, can be preserved only by those who keep on earning it anew by satisfying the wishes of consumers."
"Directly or indirectly, capitalistic production serves primarily the consumption of the masses."
"Entrepreneurs try to produce those goods the sale of which offers them the highest possible gain. They expand production of any particular item up to the point at which it ceases to be profitable. If the entrepreneur produces only those goods whose sale gives promise of yielding a profit, this means that they are producing no commodities for the manufacture of which labor and capital goods must be used which are needed for the manufacture of other commodities more urgently desired by consumers."
"By shifting the height of wages, the market directs workers into those branches of production in which they are most urgently needed. Thus the market supplies to each type of employment that quality and quantity of labor needed to satisfy consumer wants in the best possible way."
"In the capitalistic society, men become rich — directly as the producer of consumers' goods, or indirectly as the producer of raw materials and semiproduced factors of production — by serving consumers in large numbers. This means that men who become rich in the capitalistic society are serving the people. The capitalistic market economy is a democracy in which every penny constitutes a vote. The wealth of the successful businessman is the result of a consumer plebiscite. Wealth, once acquired, can be preserved only by those who keep on earning it anew by satisfying the wishes of consumers."
"Directly or indirectly, capitalistic production serves primarily the consumption of the masses."
A U.S. Defense Budget Worthy of Its Name | Christopher Preble and Benjamin H. Friedman | Cato Institute: Commentary
A U.S. Defense Budget Worthy of Its Name | Christopher Preble and Benjamin H. Friedman | Cato Institute: Commentary: "the best hedge against an uncertain future is a prosperous and innovative economy supporting a capable military that can be expanded to meet rivals should they arise."
Indian start-up strikes deal to combat counterfeiting of medicine - CSMonitor.com
Indian start-up strikes deal to combat counterfeiting of medicine - CSMonitor.com: "The company will print a random code on up to 70 million pill packets, which customers can then text message to a phone number linked to a database. Computers look up the code, cross it off, and send back the expiration date and batch number to the customer."
A Republican Agenda of Real Change | Doug Bandow | Cato Institute: Commentary
A Republican Agenda of Real Change | Doug Bandow | Cato Institute: Commentary: "The Republican Party is resurgent. But the last two periods of GOP dominance ended in political disaster. Unless Republicans promote real change — namely limited, constitutional government — they are likely to be sent back to political oblivion again. And deservedly so.
Today Republican candidates are capitalizing on the wave of popular anger over excessive federal spending. Yet they are as responsible as Democrats for America's financial and constitutional crises."
"Republicans constantly cite the founders, but imagine what those who backed the Bill of Rights would have thought of the claim that the president could order the arrest of an American citizen on American soil and have him be held in solitary confinement — potentially forever. And what the original revolutionaries would have thought of the GOP suggestion that there was no constitutional, congressional, or judicial limit to the president's war-time powers? Which, given the fact that the 'War on Terrorism' may go on forever and that the chief battlefield is the American homeland, means that the president has the powers of an elective dictator if he chooses to wield them."
"the only welfare that the federal government should consider supplying is for the poor. No more corporate welfare. No more pork-barrel hand-outs to local voters, campaign supporters, and influential interests. And no more middle-class welfare, benefits for Americans who can afford to care for themselves. This means directly confronting Medicare and Social Security, ending benefits for the well-to-do and allowing younger people to opt out of the programs."
"Most of what Washington does today has nothing to do with protecting America. The big U.S. commitments are simply a form of international welfare. The Europeans don't need defending: after all, collectively they have a bigger population and economy than America. South Korea has huge advantages over North Korea. Japan has much at stake in a stable international economic order, yet devotes less than one-fourth as much effort to defense as we do.
It is bad enough when the Republican Party forces U.S. taxpayers to pay for an American welfare state. But why should the GOP make working Americans subsidize even more lavish European welfare states?"
Today Republican candidates are capitalizing on the wave of popular anger over excessive federal spending. Yet they are as responsible as Democrats for America's financial and constitutional crises."
"Republicans constantly cite the founders, but imagine what those who backed the Bill of Rights would have thought of the claim that the president could order the arrest of an American citizen on American soil and have him be held in solitary confinement — potentially forever. And what the original revolutionaries would have thought of the GOP suggestion that there was no constitutional, congressional, or judicial limit to the president's war-time powers? Which, given the fact that the 'War on Terrorism' may go on forever and that the chief battlefield is the American homeland, means that the president has the powers of an elective dictator if he chooses to wield them."
"the only welfare that the federal government should consider supplying is for the poor. No more corporate welfare. No more pork-barrel hand-outs to local voters, campaign supporters, and influential interests. And no more middle-class welfare, benefits for Americans who can afford to care for themselves. This means directly confronting Medicare and Social Security, ending benefits for the well-to-do and allowing younger people to opt out of the programs."
"Most of what Washington does today has nothing to do with protecting America. The big U.S. commitments are simply a form of international welfare. The Europeans don't need defending: after all, collectively they have a bigger population and economy than America. South Korea has huge advantages over North Korea. Japan has much at stake in a stable international economic order, yet devotes less than one-fourth as much effort to defense as we do.
It is bad enough when the Republican Party forces U.S. taxpayers to pay for an American welfare state. But why should the GOP make working Americans subsidize even more lavish European welfare states?"
Nobel Laureate Diamond Is Unqualified for Fed | Mark A. Calabria | Cato Institute: Commentary
Nobel Laureate Diamond Is Unqualified for Fed | Mark A. Calabria | Cato Institute: Commentary: "According to Section 10-1 of the Federal Reserve Act, the next member of the Board of Governors may not come from a Fed district that already has representation on the board. As both common sense and his Senate paperwork confirm, Diamond is from Massachusetts. So is Fed Governor Dan Tarullo. Unless Tarullo is resigning, Diamond is ineligible.
To get around this quandary, the White House says Diamond is actually from Chicago. The basis of this claim is that he has lectured at Northwestern University. To believe that giving a lecture at the school, located in Evanston, Illinois, makes one 'from' Chicago displays contempt for the law that is unique even for this administration."
"In fact, we largely had price stability in the days when the Fed board lacked academics.
If anything, this era of a 'scientific' Fed has been characterized by rampant inflation. That shouldn't be surprising since it was academics who came up with the notion that you can debase your way to prosperity."
To get around this quandary, the White House says Diamond is actually from Chicago. The basis of this claim is that he has lectured at Northwestern University. To believe that giving a lecture at the school, located in Evanston, Illinois, makes one 'from' Chicago displays contempt for the law that is unique even for this administration."
"In fact, we largely had price stability in the days when the Fed board lacked academics.
If anything, this era of a 'scientific' Fed has been characterized by rampant inflation. That shouldn't be surprising since it was academics who came up with the notion that you can debase your way to prosperity."
Why New York Shouldn't Mourn Earmarks | Tad DeHaven | Cato Institute: Commentary
Why New York Shouldn't Mourn Earmarks | Tad DeHaven | Cato Institute: Commentary: "Federal administration costs are about 5% of the value of CDBG grants, with local and state governments taking a 17% and 8% cut, respectively."
Who Was R.C. Hoiles? - Jeff Riggenbach - Mises Daily
Who Was R.C. Hoiles? - Jeff Riggenbach - Mises Daily: "Hoiles found, he said, that while his
"'The most harmful error most honest people make,' he wrote in an editorial in the Santa Ana Register,
"As Hoiles himself put it, 'Any time a man has to pay for something he does not want because of the initiating of force by the government, he is, to that degree, a slave.'"
school texts exposed the political 'error' of the divine right of kings … they never explained the error in the divine right of the majority. [They] simply substituted the divine right of the majority for the divine right of kings."
"'The most harmful error most honest people make,' he wrote in an editorial in the Santa Ana Register,
is the belief that a group or a government can do things that would be harmful and wicked if done by an individual and produce results that are not harmful, unjust and wicked. It is the belief that a number of people doing a thing that is wrong for an individual to do, can make it right and just."
"As Hoiles himself put it, 'Any time a man has to pay for something he does not want because of the initiating of force by the government, he is, to that degree, a slave.'"
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