oh my stars and garters......

Stocks Of Socialized Countries Have Outperformed U.S. Since Reagan Era

American traders aren't likely to take kindly to the suggestion that big government might be good for the stock market. But data from a paper on the job- and income-growth of top earners shows that stock prices in some socialized countries, relative to themselves and adjusted for inflation, have done considerably better than those in the U.S over the last two and a half decades.

Specifically, during the twenty five years after Ronald Reagan took office -- a pro-market honeymoon that Ryan Chittum of the Columbia Journalism Review this week termed "the ascent of laissez-faire economic policies" -- French stock prices have performed significantly better than Americans ones, according to the report by Jon Bakija, Adam Cole, and Bradley Heim. A further examination of the 39-year period extending from the end of the Nixon administration until 2008 shows the Swedish economy, known for its high taxes and heavy regulation, growing at a significantly higher rate than the US. The authors conclude that big government might not actually stand in contradiction to a productive economy: "Countries with typically high levels of government involvement in the economy, such as Sweden, Denmark and Canada, do not appear to have experienced stifled economic growth relative to countries where government involvement is more limited, like the US," the report says. With bastions of socialism -- Sweden Canada and France -- outpacing American market prices, does this mean it's time for Wall Streeters to start calling croissants "Freedom bagels?" Probably not. According to Jacob Funk Kirkegaard, a research fellow specializing in European economies at the Peterson Institute for International Economics, the disparity between the American and European markets might have more to do with the period in question than governmental forces. "In 1981, [Francois] Mitterand was elected president of France, and the first thing he did was to nationalize a bunch of French businesses and most of the banking system," Kirkegaard explained. "But going forward, France has moved quite dramatically towards a market-oriented economy, though not anywhere near the scope of market and economic freedom as perceived in the U.S."

I listened to it twice. I not really sure why he is so pissed. But great tirade anyway...

Zero Puncutation on Duke Nukem Forever

Cory Doctorow at 1:02 PM Wed 

finally, now lets get to executing children there is quite a back log...

 

Milton Mathis, Convicted Killer, Executed In Texas Despite Evidence Of Retardation

A man convicted of slaying two people and critically injuring a third in a drug house shooting was executed on Tuesday evening by Texas officials, despite evidence that he suffered from mental retardation.

Milton Mathis, 32, was sentenced to death in 1999, three years before the U.S. Supreme Court ruled that execution of the mentally retarded violated the Constitution's prohibition on cruel and unusual punishment. Intelligence tests, including one given by the Texas Department of Corrections in 2000, measured Mathis's IQ in the low 60s, well below the threshold for mild mental retardation as recognized by almost all states. In 2005, however, a Texas court rejected his claims of mental impairment, siding with prosecutors who characterized Mathis as a "street smart" criminal whose behavior indicated near-normal intelligence. Federal and