How Hostility to Immigrants Will Hurt America’s Tech Sector
39 minutes ago
Partly collected thoughts.
On the ultimately decisive economic front the Government has added to its own burdens by its blind and bland acceptance of Gandhi's policy towards decontrol. The Mahatma's approach to economics is unashamedly pre-feudal, and he has converted the doctrine of laissez-faire beyond the dreams of Adam Smith into what is little less than a branch of metaphysics. We now have the spectacle of a Government trying to create a modern State and depriving itself of the power to tackle food-hoarders and price-ring profiteers save through appeals to their social conscience, the one commodity in which they are totally lacking. The decontrol policy has been opposed by Mountbatten as well as by all responsible Civil Service advisers without exception. It is the outcome solely of the Government's awe of Gandhi. It is causing almost at once a vicious spiral of inflation, and will involve an extra eight crores of rupees on Civil Service salaries alone to meet the rise in prices. Altogether it is estimated that some one hundred and ten crores of rupees will need to be pumped in to meet the cost of Gandhi's economic ideas. Sugar and salt have both rocketed up to one rupee eight annas a seer - the rise in the price of salt being no less than five hundred per cent.
A demagogue, in addition to hypnotic glibness, must also be intellectually inconsistent, sometimes boldly so. This eliminates challenges to authority by weeding out clear-thinking young people from the flock.
Recently, House Speaker John Boehner channeled Rand when he said, "Job creators in America basically are on strike."
....
This idea that Boehner put forth in a recent speech before the Economic Club of Washington, D.C., could have come straight from Atlas Shrugged.
Businesses, Boehner said, need to be set free. Instead, "they've been antagonized by a government that favors bureaucrats over market-based solutions. They've been demoralized by a government that causes despair, when what we really need is to provide reassurance and inspire hope in our economy."
Boehner uses the language of slavery when he says, "We need to liberate our economy from the shackles of Washington."The problem with Boehner's (and all the other examples in the NPR piece) is that corporations are doing very well.
Corporate profits in the second quarter grew to $1.467 trillion annualized-up from $1.455 trillion in the fourth quarter (previously $1.476 trillion). Today's report includes annual revisions. Profits in the second quarter rose an annualized 3.3 percent, following a 39.9 percent surge the quarter before (previously 35.2). The upward revision to the first quarter is due to a downward revision to the fourth quarter. Profits are after tax but without inventory valuation and capital consumption adjustments. Corporate profits are unchanged on a year-on-year basis, compared to up 2.8 percent in the first quarter. Growth in profits is extremely volatile over recession/recovery periods and is slowing from the spike in late 2009 and early 2010. The recent peak in year-ago growth was 115.9 percent for the fourth quarter of 2009.and
The new figures indicate that corporate profits accounted for 14 percent of the total national income in 2010, the highest proportion ever recorded. The previous peak, of 13.6 percent, was set in 1942 when the need for war materials filled the order books of companies at the same time as the government imposed wage and price controls, holding down the costs companies had to pay.
There have been 10 years when corporate profits as a share of national income exceeded 13 percent — 1941, ’42, ’43, ’50, ’51, ’55, ’65, ’66, 2006 and 2010. In eight of those years, the economy, as measured by real gross national product, grew at a rate of greater than 6 percent.
The exceptions were 2006, when real growth was just 2.7 percent, and 2010, when it was 3 percent.
The 19th-century Mormon theologian Orson Pratt, who was close both to Joseph Smith and Brigham Young, stated a principle the Church of Jesus Christ of Latter-day Saints has never repudiated: “Any people attempting to govern themselves by laws of their own making, and by officers of their own appointment, are in direct rebellion against the kingdom of God.”
Ida: Sorry! So, we’ve talked about Noon, we’ve talked about Pakistan and your father, what about India? You’ve said some pretty harsh things about a certain writer cum activists on the Left–no names!–who, we in the States, kind of like. She seems, in an environment of rapacious capitalism, to be a friend of the poor and marginalised. What possible objection could you have to her?
Aatish: None except that I don’t think she’s a friend of the poor at all. She would like to doom them to a permanent state of picturesque poverty. They are beautiful to her–the poor–beautiful, benign and faceless. And that is exactly how she wants them to stay. Let me say also that it is not the poor who animate her politics. Oh, no! The people who get her into the streets are the new middle classes. This class, still among the most fragile in India, people who have newly emerged from the most dire conditions, are despicable to her. She mocks their clothes; their trouble with English; she hates their ambitions; when India wins the cricket and she sees them celebrating, her skin crawls; she wants, more than anything, to do these people down. And it is her overwhelming hatred of them that allows her to be a friend of movements that are seemingly far apart. The jihadists, the Maoists, the Kashmir movement, the anti-development people…they’re all her friends. Anyone who can prove a credible threat to the future of India is a friend of that woman. I would go so far as to say she has a prurient fascination with the enemies of India. And where do they love her? In Pakistan, and in the faculty rooms of Europe and America. No surprise there.
Also, this business of pretending she’s a lone voice in the wilderness. What rubbish! At least have the good grace to admit that not one thing she says is provocative or new; it is perfectly banal. And we know how well the universities Europe and America reward this bogus cant!
About Statistical Questions Involved in the Data Analysis of the OPERA Experiment
Authors: H. Bergeron
(Submitted on 24 Oct 2011)
Abstract: The authors of the OPERA experiment [arXiv:1109.4897] claim that "the measurement indicates an early arrival time of CNGS muon neutrinos with respect to the one computed assuming the speed of light in vacuum". In this note we analyze the statistical aspects of the experimental results presented in [arXiv:1109.4897], assuming that no hidden experimental bias exists. Due to statistical constraints, we show (through two different methods) that the experimental data presented in [arXiv:1109.4897] do not permit to conclude unambiguously with the existence of a superluminal behavior of neutrinos. The problem lies essentially in the interpretation of the data and not in their veracity.
The concept of coordinate time in a local inertial frame is established for the GPS as follows. In the local Earth-Centered Inertial frame, imagine a network of atomic clocks at rest and synchronized using constancy of c. To each real, moving clock apply corrections to yield a paper clock which then agrees with one of these hypothetical clocks in the underlying inertial frame, with which the moving clock instantaneously coincides. The time resulting from such corrections is then a coordinate time, free from inconsistencies, whose rate is determined by clocks at rest on the earth's rotating geoid.
At the end of the last century America had Bob Hope, Johnny Cash, and Steve Jobs. Now we have no Jobs, No Cash, and No Hope.
hep-ph is chock-a-block with papers purporting to explain the OPERA results, using theoretical models of varying degrees of absurdity.Perhaps Sabine Hossenfelder has it right, in her tweet:
Explanation for OPERA result: A 5th force connecting the GPS with the collective physicists' subconsciousness begging for unexplained data.
Abstract: The OPERA collaboration has claimed that muon neutrinos with mean energy of 17.5 GeV travel 730 km from CERN to the Gran Sasso at a speed exceeding that of light by about 7.5 km/s or 25 ppm. However, we show that such superluminal neutrinos would lose energy rapidly via the bremsstrahlung of electron-positron pairs ($\nu\rightarrow \nu+e^-+e^+$). For the claimed superluminal neutrino velocity and at the stated mean neutrino energy, we find that most of the neutrinos would have suffered several pair emissions en route, causing the beam to be depleted of higher energy neutrinos. Thus we refute the superluminal interpretation of the OPERA result. Furthermore, we appeal to Super-Kamiokande and IceCube data to establish strong new limits on the superluminal propagation of high-energy neutrinos.
CNGS Beam Run 2010 (29 April - 22 Nov): Total 4.04E19 Protons on Target
CNGS Beam Run 2009 (27 May - 23 Nov): Total 3.52E19 Protons on Target
CNGS Beam Run 2008 (8 Jun- 3 Nov): Total 1.78E19 Protons on Target
A Lloyd's insurance syndicate has begun a landmark legal case against Saudi Arabia, accusing the kingdom of indirectly funding al-Qa'ida and demanding the repayment of £136m it paid out to victims of the 9/11 attacks.
The Brighton-based Lloyd's 3500 syndicate, which paid $215m compensation to companies and individuals involved, alleges that the oil-rich Middle Eastern superpower bears primary responsibility for the atrocity because al-Qa'ida was supported by banks and charities acting as "agents and alter egos" for the Saudi state.
The detailed case, which names a number of prominent Saudi charities and banks as well as a leading member of the al-Saud royal family, will cause embarrassment to the Saudi government, which has long denied claims that Osama bin Laden's organisation received official financial and practical support from his native country.
It may be that "the major carbon repository in Earth is probably the mantle, rather than the atmosphere or biosphere, but it is the least well understood," Walter told OurAmazingPlanet. "The mantle reservoir might affect the global cycle over Earth's history."From here. The grasping at straws part comes from the wild hope that the solution to our global warming problem somehow lies in harnessing the mantle.
Oh, brother.
When a self-promoter like The Donald jumps on a bandwagon, you know it's getting a little old. For all his big reputation, Trump's career over the past two decades is littered with the wreckage of high-profile deals he cut at the peak of each boom. Think: Trump Taj Mahal casino (bankruptcy, 1991). Trump Hotels & Casino Resorts (2004). Trump Entertainment Resorts (2009).
Or the "Trump International Hotel & Tower," a luxury condo development in Fort Lauderdale planned and built in happier times.
News that Trump is backing gold comes after the metal has already skyrocketed in price. Gold has so far jumped nearly 30% so far this year, and more than 500% in a decade.
What's next?
Of course, there are some secular trends now that were not there in the 1980s- namely the increasing buying power in the gold-hungry countries of India and China. So when the price of gold eases, it will probably stabilize at a higher real price than the 1985-2006 average. I suppose.
Why has this been a lost decade? An answer can be found in one simple comparison: How Dwight Eisenhower and his successors used the cold war and how George W. Bush used 9/11. America had to face down the Russians in the cold war. America had to respond to 9/11 and the threat of Al Qaeda. But the critical difference between the two was this: Beginning with Eisenhower and continuing to some degree with every cold war president, we used the cold war and the Russian threat as a reason and motivator to do big, hard things together at home — to do nation-building in America. We used it to build the interstate highway system, put a man on the moon, push out the boundaries of science, teach new languages, maintain fiscal discipline and, when needed, raise taxes. We won the cold war with collective action.
George W. Bush did the opposite. He used 9/11 as an excuse to lower taxes, to start two wars that — for the first time in our history — were not paid for by tax increases, and to create a costly new entitlement in Medicare prescription drugs.
that a benchmark production planning model solved using linear programming would have taken 82 years to solve in 1988, using the computers and the linear programming algorithms of the day. Fifteen years later—in 2003—this same model could be solved in roughly 1 minute, an improvement by a factor of roughly 43 million. Of this, a factor of roughly 1,000 was due to increased processor speed, whereas a factor of roughly 43,000 was due to improvements in algorithms!
Sustained and courageous effort enables man to see Fate turn its back and flee from the field.
“So the decline of manufacturing in a region sets off a chain reaction. Once manufacturing is outsourced, process-engineering expertise can’t be maintained, since it depends on daily interactions with manufacturing. Without process-engineering capabilities, companies find it increasingly difficult to conduct advanced research on next-generation process technologies. Without the ability to develop such new processes, they find they can no longer develop new products. In the long term, then, an economy that lacks an infrastructure for advanced process engineering and manufacturing will lose its ability to innovate.”
Obama was truly stung by his budget experience with John Boehner. And now, Senator Tom Coburn, whom Obama called “not only a dear friend, but also a brother in Christ” at February’s National Prayer Breakfast, tells a town hall in Oklahoma that Obama’s views are “goofy and wrong,” and that the president wants to “create dependency” because “as an African-American male,” he had received “tremendous benefit” from government programs.
There is no way to sell the idea that being a black man in America gives you tremendous benefit.
How does Obama feel after his brother in Christ painted him as something akin to a welfare queen and an affirmative-action president?
Let us take today’s lesson from Frost, who deliciously wrote in “The Lesson for Today”:
I’m liberal. You, you aristocrat,
Won’t know exactly what I mean by that.
I mean so altruistically moral
I never take my own side in a quarrel.
"As they look beyond the genome, cancer researchers are also awakening to the fact that some 90 percent of the protein-encoding cells in our body are microbes. We evolved with them in a symbiotic relationship, which raises the question of just who is occupying whom."
“We are massively outnumbered,” said Jeremy K. Nicholson, chairman of biological chemistry and head of the department of surgery and cancer at Imperial College London. Altogether, he said, 99 percent of the functional genes in the body are microbial.
Between 2006 and 2008, among moderately educated women, 44 percent of all births occurred outside marriage, not far off the rate (54 percent) among high-school dropouts; among college-educated women, that proportion was just 6 percent.
The same pattern—families of middle-class nonprofessionals now resembling those of high-school dropouts more than those of college graduates—emerges with norm after norm: the percentage of 14-year-old girls living with both their mother and father; the percentage of adolescents wanting to attend college “very much”; the percentage of adolescents who say they’d be embarrassed if they got (or got someone) pregnant; the percentage of never-married young adults using birth control all the time.
British youth leads the Western world in almost all aspects of social pathology, from teenage pregnancy to drug taking, from drunkenness to violent criminality. There is no form of bad behaviour that our version of the welfare state has not sought out and subsidised.
British children are much likelier to have a television in their bedroom than a father living at home. One-third of them never eat a meal at a table with another member of their household -- family is not the word for the social arrangements of the people in the areas from which the rioters mainly come. They are therefore radically unsocialised and deeply egotistical, viewing relations with other human beings in the same way as Lenin: Who whom, who does what to whom. By the time they grow up, they are destined not only for unemployment but unemployability.
A very interesting analysis by Galina Hale and Bart Hobijn of the San Francisco Fed concludes that very little of American personal consumption spending actually ends up in China. When Americans go buy stuff, they’re overwhelmingly buying things that are made in America:
In part, this reflects the fact that 67 percent of spending is on services rather than goods, and services are 96 percent made in the USA. But even durable goods, which only account for about 10 percent of total spending, are mostly made in America — 66.6 percent to 12 percent for China with the rest coming from the rest of the world. In fact the only category of spending in which Made in the USA doesn’t account for the majority is clothing and shoes. What’s more, even a lot of the spending on imported goods actually reflects the cost of shipping them around the United States:
Table 1 shows that, of the 11.5% of U.S. consumer spending that goes for goods and services produced abroad, 7.3% reflects the cost of imports. The remaining 4.2% goes for U.S. transportation, wholesale, and retail activities. Thus, 36% of the price U.S. consumers pay for imported goods actually goes to U.S. companies and workers.
This U.S. fraction is much higher for imports from China. Whereas goods labeled “Made in China” make up 2.7% of U.S. consumer spending, only 1.2% actually reflects the cost of the imported goods. Thus, on average, of every dollar spent on an item labeled “Made in China,” 55 cents go for services produced in the United States. In other words, the U.S. content of “Made in China” is about 55%. The fact that the U.S. content of Chinese goods is much higher than for imports as a whole is mainly due to higher retail and wholesale margins on consumer electronics and clothing than on most other goods and services.
I had breakfast this week with one of Hollywood’s most ferocious, self-confident and successful doers of deals. He was still steamed about what an unforgivably lousy negotiator his president had been on the debt ceiling agreement.
A survey by Visa says that the recession has caused a drop in the average amount the Tooth Fairy pays for a tooth, from $3 to $2.60.
Obama to GOP leaders on debt ceiling: "This may bring my presidency down, but I will not yield on this."
Bill Clinton compares the GOP's crackdown on voting rights to the days of Jim Crow.
Police suspected McCullough, who lived less than two blocks from the Ridulphs and who fit the description of the man said to have approached the girls, Thomas said Friday. But McCullough seemed to have an alibi, claiming he took the train from Rockford to Chicago the day of the abduction.
His story fell apart last year after investigators reinterviewed a woman who dated him in 1957 and asked her to search through some personal items, the Seattle Times reported, citing court documents. She found an unused train ticket from Rockford to Chicago dated the day the girl went missing.
"Once his alibi crumbled, we found about a dozen other facts that helped us build our case," Thomas said.
Civil libertarians have lost that argument. The defeat is total: in the White House, on Capitol Hill, in the courts, and, crucially, in the court of public opinion. Indefinite detention of non-citizen terrorist suspects without charge or trial remains the official policy of the United States, and none of the most infamous non-citizen terrorist suspects will be tried in federal court.
The problem isn't the Greek finance ministry. The problem isn't the Greek legislature. The problem isn't the Europeans who are being dragged kicking and screaming toward helping Greece. The problem isn't even Goldman Sachs and the other banks who lent Greece more money than they could afford and even helped them hide a bunch of the financings off the books.
Nope, the problem is Greek nuclear scientists and radical terror groups affiliated with the Greek intelligence services -- or rather, the lack thereof.
Because if Greece had nuclear weapons and crazed terrorists hiding in every luxury housing development, you can bet we wouldn't be going through this long drawn-out process of figuring out whether the country was going to default or not.
We know this because of Pakistan. Pakistan is an absolute financial basket case. It is in many respects in as bad a shape as Greece -- and in some it is even much worse off. But do you hear anyone talking about Pakistan's financial problems? Heck no.
Of course, talking about Pakistan's financial problems is like talking about whether Anthony Weiner's socks match. It's not exactly the first issue that comes to mind. Having said that, the reason we are not sweating the meltdown of Pakistan's financial markets is that there is no way the United States or the world would let it happen. Because a financial collapse could trigger the kind of unrest that would put Pakistani nukes at risk, and that's just not tolerable. So the United States pumps billions into Pakistan knowing full well that it is this aid that helps keep the ship of state afloat. (And, money being fungible, if it also pays for expanding Pakistan's nuclear arsenal … well, apparently we're willing to look the other way. Again.)
Once again, one of the main messages of modern international affairs comes through loud and clear: Nukes pay. From Pyongyang to Tehran, enterprising leaders know that the easiest way to boost your country's profile, gain political leverage, and win cash and prizes is to toss a little enriched uranium in the old Cuisinart, let the satellites take a few snaps, and start rattling your radioactive saber.
The problem with Greece is that if the economy collapsed, if the government collapsed, if the country descended into chaos, no one is worried that a nuclear catastrophe would follow. An ouzo-induced hangover maybe -- which can be a pretty horrific thing -- but it's the specter of a mushroom cloud that really is the attention grabber.
"The five Old Bridge High School students first convinced someone to buy 10 40-ounce bottles of malt liquor for them and they went to a gathering of other students behind Grissom School, a defendant in a murder case told investigators after the beating death of Divyendu Sinha last June.....After an hour of drinking the teenagers got back into Contreras’ Honda Civic....“They were just trying to get into a fight,” Steven K. Contreras, 18, told investigators from the Middlesex County Prosecutor’s Office during a taped interview.They encountered Sinha and family, who weer out for a walk, and beat Sinha up with fatal consequences.
Again to quote myself from 2001, if Pakistan were a person, he (and it would have to be a he) would have to be completely humorless, paranoid, insecure, eager to take offense, and suffering from self-righteousness, self-pity, and self-hatred. That last triptych of vices is intimately connected. The self-righteousness comes from the claim to represent a religion: the very name “Pakistan” is an acronym of Punjab, Afghanistan, Kashmir, and so forth, the resulting word in the Urdu language meaning “Land of the Pure.” The self-pity derives from the sad fact that the country has almost nothing else to be proud of: virtually barren of achievements and historically based on the amputation and mutilation of India in 1947 and its own self-mutilation in Bangladesh. The self-hatred is the consequence of being pathetically, permanently mendicant: an abject begging-bowl country that is nonetheless run by a super-rich and hyper-corrupt Punjabi elite. As for paranoia: This not so hypothetical Pakistani would also be a hardened anti-Semite, moaning with pleasure at the butchery of Daniel Pearl and addicted to blaming his self-inflicted woes on the all-powerful Jews.
Finally, there are those elements that Washington continues to give credence to, or at least leave unquestioned: Pakistan’s insecurities are legitimately propelled by fears of encirclement, India’s growing resource base, its nuclear weapons programme, and its reported “Cold Start” doctrine, thus adequately justify Pakistan’s inordinate military spending, greater investments in its nuclear and missile programmes, and support for terror groups targeting India and Afghanistan. That lasting peace between India and Pakistan and the settlement of the Kashmir dispute to Pakistan’s satisfaction will almost entirely eliminate its insecurities. That the army remains the only secular institution in Pakistan that “works” and is therefore deserving of support. And that Pakistan’s top military and intelligence officials bear little or no responsibility for the actions of their subordinates and affiliates, a claim even less credible given revelations from the ongoing trial of Tahawwur Rana and the testimony of David Coleman Headley. The erroneous conclusion drawn by the Obama administration from such questionable assumptions is that demonstrations of Indian magnanimity will allow Pakistan’s misguided, but not necessarily malevolent, security forces to reallocate resources towards improving the country’s security and economy.
Responding to Pakistan’s narrative requires an important cognitive leap, one that most in Washington are still reluctant to take: Pakistan’s purported obsessions and insecurities are self-inflicted, created and consistently advanced to serve important private interests, almost always to the detriment of the country and its people. This applies equally to all the challenges commonly associated with Pakistan, be it the military’s political preponderance, the proliferation of nuclear technology and materials, the cultivation and use of terrorist proxies against both adversaries and nominal allies, the growing radicalisation of the body politic, and periodic India-Pakistan crises. There is also little clarity regarding Pakistani pleas for a long-term strategic relationship, which it professes to desire as a symbol of legitimacy, but also works to undermine through its transactional demands and poorly concealed enthusiasm for a hasty US withdrawal from Afghanistan.
PAKISTAN IS not so much a victim of terrorism as it is a victim of the stupendous success of the indoctrination programme that has replaced the innate pragmatism of the people. Islamism doubles up as nationalism and validates substantially, if not entirely, the concept of Islamofascism. It is this phenomenon that leads a newspaper owner, who is an ideal candidate for a lunatic asylum but in today’s Pakistan is a leading flagbearer of the ‘ideology of Pakistan’, to demand a nuclear strike on India because after a nuclear exchange Pakistan will be able to progress like Japan did after Hiroshima! It is this thinking that leads a top general under Pervez Musharraf, and a man who at one point was touted as a possible successor to Musharraf, to advocate firing “a nuclear warning shot in the Bay of Bengal, across India, demonstrating our circular range capacity” in order to send the message that “you don’t mess with a nuclear power and get away with it”. It is this thinking that makes a former information minister declare that “Pakistan has made nuclear weapons not to keep them in the cupboard but to use them against its enemies”. It is this mindset that makes the so-called ‘civil society’ — news anchors, lawyers, activists — defend the action of the assassin of Punjab governor, Salman Taseer. And it is precisely this mindset that prevents the Pakistan army (its ranks filled with the oxymoronic ‘moderate Taliban’) from ending its double-game in the war on terror.
Today, it is not the nukes that protect Pakistan but Pakistan that protects its nukes.
This then is the terrible reality of Pakistan. Unfortunately, just as the Pakistanis are in denial, so too are the Indians, or at least the Indian establishment, about the ground reality in Pakistan. India’s Pakistan policy (if at all there is such a thing) is predicated on interactions with what is a fringe group of liberal, moderate, modern, and sensible Pakistanis who are excellent advocates of their country but whose words don’t count for anything in terms of setting their country’s policy or direction. This is a class that doesn’t number more than a couple of thousand.
Now, scientists analyzing tiny fragments of hardened lava from long-ago lunar eruptions report that the fragments contain about as much water as similar magmas on Earth, meaning there is plenty of water inside the Moon too.
...aid combined with these other U.S. policies clearly has not changed the Pakistani military’s obsession with contesting India. There is nothing India or the United States can realistically do that will change this self-destructive obsession because the problem is India’s existence itself.
We are going to have to get tough. The Pakistani security establishment lives to a very large degree in what, to American eyes, looks like a dangerous and delusional imaginary world. As I’ve written before, Americans (and virtually everyone else in the world who looks at this question) sees Pakistan locked into a profoundly dysfunctional combination of misguided security ideas and comprehensive domestic failure. Pakistani strategists embrace these seemingly destructive policies out of some very deeply-held beliefs and in response to what they see as existential questions of national identity and cohesion. They will not be lightly diverted from this long-established and cherished course, however suicidal, and as is often the case with people whose goals are unrealistic, they are accustomed to very high risk strategies and brinkmanship. Defeat after defeat by India, progressive deterioration of the domestic security climate and the utter collapse of political morality in what passes for the governing class in Pakistan have not forced a reevaluation. Charm and appeals to sweet reason by American officials and emissaries won’t do it either. Neither will humanitarian aid: the suffering of ordinary Pakistanis has little impact on the elite, and in the short to medium term public opinion in Pakistan is so anti-American and so politically marginal that we could die of old age waiting for spending however generous to change our image in Pakistan enough to change the politics of the relationship.
One story is too priceless to be ignored. Former Afghanistan intelligence chief A. Saleh recalls that when, four years ago, he told Musharraf that Osama was hiding in or around Abbotabad, Musharraf exploded, "Am I President of the Republic of Banana?"
.... people have tended to forget that the big story in India, the truly exciting story, remains rapid economic growth. That was underlined by the Planning Commission formally adopting on Thursday a 9-9.5 per cent annual growth target for the five years beginning next April — building on the average of 7.8 per cent in the preceding 10 years.
To recap, here’s an English translation of what Mr. Afridi told Samaa TV, a Pakistani channel, in Urdu at the weekend:
“If I speak truthfully, they just can’t have the kind of heart a Muslim has or a Pakistani has. I think they don’t have the sort of big hearts, pure hearts, Allah has given us. It is a very difficult thing for us to be together or to have a long-term relationship.”
Of course, the dire predictions did not come to pass. The northern economy did not collapse without access to Southern markets, a monopoly on cotton did not make the Confederacy invulnerable and economic self-interest did not forestall a bloody conflict. Yet by reminding us of slavery’s importance to the nation as a whole, these prognostications suggest that the Civil War was hardly the result of the inherent hostility of capitalism to slavery.
A gender breakdown among children showed fewer girls than boys are being born or surviving, with 914 girls for every 1,000 boys under the age of 6, compared to 927 for every 1,000 in the last census.
Police rained on the parade of Hindus in Queens when they seized colored powder central to their religious celebration Sunday, community leaders said.
For some 25 years, Hindus in Richmond Hill have held a parade to celebrate the ancient religious holiday Holi - the Festival of Colors. Participants traditionally throw colored powder at one another, but Sunday cops seized loads of the powder from paradegoers. "They walked around and started grabbing from anyone they saw," said parade organizer Vishnu Mahadeo, 50, president of the Richmond Hill Economic Development Council. "They said the law said you can't have powder.
"What law is that?" Mahadeo said the powder was harmless talcum powder. The Police Department declined to comment.
The Richmond Hill parade is one of the largest Holi celebrations in the country, attracting up to 25,000 people. Held during the last full moon of winter, the holiday celebrates good luck for the spring.