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California broke ground Tuesday on its $68 billion high-speed rail system, promising to combat global warming while whisking travelers between Los Angeles and San Francisco in less than three hours.
The bullet train project, the first in the nation to get underway, faces challenges from Republican cost-cutters in Congress and Central Valley farmers suing to keep the rails off their fields. Others doubt the state can deliver the sleek system as
Three gunmen have shot up the offices of a satirical French magazine, Charlie Hebdo, killing 12. As of this writing, they are on the loose and their motive is unknown, but video apparently shows them shouting “God is Great!” and “We have avenged the Prophet!”. Hebdo was known for publishing cartoons of Mohammed. France is regarding this as an act of terrorism, which it almost certainly is.
I’ll post updates as events warrant. One thing … Read more
One of the consequences of having the Obamacare
penalty tax penalty tax: the IRS is going to be asking some questions:
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As many as 3.4 million people who received Obamacare subsidies may owe refunds to the federal government, according to an estimate by a tax preparation firm.
H&R Block is estimating that as many as half of the 6.8 million people who received insurance premium subsidies under the Affordable Care Act benefited from subsidies
Reason writer Ronald Bailey hung out with some of the recent climate protesters at the People’s Climate March. I’ve written about their convenient embrace of science when it suits their biases before, but Bailey really gets into the awful thinking that underpins much of the modern environmental movement:
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Among the chief capitalist villains: Monsanto. The assembled marchers fervently damned the crop biotechnology company despite the fact that modern high yield biotech crops cut CO2 emissions
As you know, there are signs — tentative ones — that our economy is beginning to recover from Great Depression II. It’s about on schedule — I thought we would need about five years to crawl out of the hole we were in. But we had 5% growth in Q3 and unemployment continues to edge down (although the U6 remains high). Projections for 2015 are cautiously optimistic, barring a major war or something (which, with … Read more
Mario Cuomo, who was a fixture of 80’s anti-Reagan liberalism, died yesterday. I don’t like to post memorials unless I have something nice to say. I’m of the opinion that Cuomo was massively over-rated. His much-revered 1984 speech, which you can read here, has not aged well and looks almost quaint in its faith in big government and offensive in its portrayal of Reagan. Its wooly sentiments and aggressive rhetoric were a big … Read more
As we bid farewell to 2014 and tell it not to let the door hit it in the ass, I’ll post some year-end summaries, polls and articles for your reading pleasure. 2014 was a year with a lot of dumbassery — missing airliners, Obama’s foreign policy, zero tolerance idiocy, Obama’s economic policy, runaway Ebola nurses, Obama’s budget policy, etc.. But here’s an important reminder that, over the long term, things are pretty damn good:… Read more