Monthly Archives: March 2010

The Cost Of Manna From Mount Olympus

Business, Economy, Healthcare, Labor, Regulation

Nancy can be seen in media photo opportunities smooching a gold-embossed copy of the bankrupting healthcare bill. You can’t expect the little woman to grasp that the regulation and confiscation of private property, what’s left of it, has costs.

Caterpillar, “the world’s largest maker of construction and earth-moving equipment, said Wednesday that the new healthcare legislation in the U.S. will cause the company to take a $100 million tax charge in the current quarter,” reported Fox News.

Caterpillar said the additional expense and higher taxes to come could damage the recovery efforts that began after the company lost 75% of its profit in 2009.

According to the Charleston Gazette, “In the first two days after the law was signed, three major companies – Deere & Co., Caterpillar Inc. and Valero Energy – said they expect to take a total hit of $265 million to account for smaller tax deductions in the future.”

“With more than 3,500 companies now getting the tax break as an incentive to keep providing coverage, others are almost certain to announce similar cost increases in the weeks ahead as they sort out the impact of the change.

Figuring out what it will mean for retirees will take longer, but analysts said as many as 2 million could lose the prescription drug coverage provided by their former employers, leaving them to enroll in Medicare’s program.”

The WSJ reports that,

“AT&T Inc. plans to take a noncash $1 billion charge in the first quarter in anticipating the impact of changes brought by the nation’s health-care overhaul.”

The Dallas-based telecommunications giant is the latest—and largest—company to take a charge to account for the increased costs under the new health-care plan. Specifically, the legislation prevents corporations from deducting tax-free subsidies they receive from the government for providing retirees with prescription-drug benefits.

The company will evaluate prospective changes to its active and retiree health-care benefits, according to a filing with Securities and Exchange Commission on Friday.

The size of AT&T’s charge is notable. The company employs more union workers than all of the U.S. auto makers combined, and has to support a sizeable retiree base

I FULLY EXPECT to hear shortly from our insurance company as soon as it has figured out how to nudge us over onto ObamaCare.

Impressions From Jerusalem

Ancient History, Family, Ilana Mercer, Israel, Judaism & Jews, Religion

THE FOLLOWING EVOCATIVE PIECE was written by a special young woman, my daughter. She traveled to Israel with the common political perspective, imbibed in insulated, privileged, propagandized North America—and shared by left-liberals and paleos alike. Once in Israel, she underwent a transformative experience.

Most individuals who write about Israel, pro and con, should not be doing so, as they have never experienced the place or the people. I’m proud of my girl. Aside a talent for spare, strong writing, she had the heart and the head to rethink received ideology when confronted by something far more powerful and persuasive.

Impressions From Jerusalem
By Nicky

My idea of a militarized society was that of the USA. Soldiers and armed guards are visible only where security is needed. They are stern, unsmiling, erect. They signify danger and command respect, wordlessly and humorlessly.

In Canada, my only experience of the military is the odd soldier in fatigues on the street, perhaps on the bus: an object of casual consideration. I view him with the privileged gaze of a Western pacifist, not obliged to look him in the eye. I think: “Why, friend, what are you doing in that uniform? What are you afraid of? What did the government tell you to make you believe you should don those clothes?” I don’t feel served or protected by this soldier because I don’t need his service or protection. My daily movements are free and unfettered; I am an independent Western woman. I cannot relate to my soldier. It saddens me that all I can summon for him is private condescension and the thought that my tax dollars could be better spent than on his meager salary.

I was certain that this attitude would be seamlessly transplanted to Israel. I was wrong; it simply would not stick. Not because I’m a Jew. I didn’t even consider myself a Zionist when I walked through the streets of Jerusalem: I still did not understand Israel, even then. And even now, after an intensive ten-day tour of the tiny country and its borders, I can barely bring myself to discuss it. There is too much history to learn, to read, too much to experience, to see, to understand with one’s full attention in order to speak of Israel, let alone flippantly as many who haven’t experienced it do.

You cannot fathom 3000 years of history, and yet there is rubble from that time, from the Temple’s first destruction. Here and there soldiers stand amidst the rubble. Jerusalem is beautiful but she is neither grand nor ornate. Even the Western Wall appears fragile. Only the Dome of the Rock shines gold and blue in a city of calcified limestone. A soldier steps graciously out of my camera’s view as I photograph one stretch of wall and rubble. At the Holy City’s entrance, a couple of young soldiers stand between the two opposing flows of traffic. They look into our faces, our eyes, their guns slung low, pointed to the ground. They are at ease, relaxed. One of them smiles warmly. A group of children scampers past, unafraid and wholly indifferent to the soldiers. Already this experience is markedly different from those I’ve had at the US and Canadian borders, or customs at Heathrow, London, where I have been treated like trash more than once. And yet I don’t doubt that these young boys could protect me. I feel safe and relaxed here amongst these soldiers.

THE HOLY CITY IS FULL OF YOUNG ISRAELI SOLDIERS. When they enter a museum together, they leave their guns in a pile at the entrance, guarded by one or two watchful but friendly soldiers who will smile for our cameras and bark no orders on how far to stand from the pile of guns. Many know each other from training and though they walk with different brigades you often see a handful stray for a moment to greet one other. They receive no reprimand for straying. No one barks commands. Gathered in groups, they sit or stand, laugh, smoke cigarettes and talk and text on cell phones. They are unabashedly affectionate: embracing and back-slapping; their faces light up at seeing one another. These are boys and girls in their late teens and early 20s. I doubt I will ever see youngsters this age behaving this way in North America. That would be “like, gay or something.”

Even in a group one can access solitude instantly while walking through Jerusalem. It isn’t unusual to fall silent mid conversation. Her history commands respect and quiet reflection. The closer you get to the Western Wall, the lower the tones, the greater the quiet. Everyone approaches slowly, atheist, agnostic, believer alike. Religious or not, you feel its power. Birds nestle in its crevices. They watch the people below and I feel certain even they know the Wall is special. It is fortified by a band of humans teaming at its base, palms and foreheads flat against the stone, as though holding it up. You approach slowly, your eyes travel through space and time, fixed on the wall. First you touch the wall, then you kiss your fingers. You gently wedge your note in with the rest, hoping it is profound, meaningful enough to be worthy of its stony recipient; worthy of its fallen defenders.

You are not speaking at all now, nobody is. You can only hear the sound of softly praying lips and of children hushed by admonishing parents. You do not turn your back on the Wall, but retreat slowly, facing it. Along the periphery, where the men and women’s sections are segregated, lone individuals, eyes covered, pray silently. Some are crying. Among the crowd, the elderly are seated, reading from Hebrew prayer books, mouthing the words in silence.

THE ISLAMIC CALL TO PRAYER booms through the quiet five times a day, everyday, even at 4am, with militaristic precision and pitch. Several mosques perform the prayer, one after the other. You cannot hear anything else for a full five minutes at a time, for up to thirty minutes a session. The speaker crackles from the distortion of the blaring volume. Secular tourists need to yell to hear one another, helping to shatter the erstwhile calm, easily distracted and pulled from their meditation. Tour guides turn off their mikes patiently and wait.

The worshipers at the wall cover their ears and pray more intensely, still silent. The soldiers, unmoved, stand sentinel at the ancient ruins.

Precious Or Grotesque?

Film, Hollywood, Objectivism, Pop-Culture, Reason, The Zeitgeist

The following excerpt is from this week’s WND.COM column, “Precious Or Grotesque?”:

“….What is so grotesque about the film ‘Precious’ is not the actress—who seems pleasant enough—so much as the film; the fiction, the yarn it spins and the emotions it calculatingly elicits. ‘Precious’ is intended to tug at every single sentimental fiber in a person’s being.

Mired in the misery of Harlem, the ugliest, fattest, most abused and tormented young girl is kicked about some more after spending earlier formative years as the ugliest, fattest, most abused and tormented child in the world, born to the cruelest most craven parents ever, who—although they don’t sacrifice her in a ritual murder—make up for this show of restraint by beating, impregnating, and infecting their daughter with HIV. …

“‘Precious’ … is a gratuitous orgy of pornography, pathology, and sentimentality. It is extreme fiction aimed at exaggerated emotion.” …

THE COMPLETE COLUMN IS “Precious Or Grotesque?”

Do read my libertarian manifesto, Broad Sides: One Woman’s Clash With A Corrupt Society.

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CBOafs Scores Always Way Off

Debt, Democrats, Economy, Government, Healthcare, Political Economy, Regulation

Has any bill passed by Washington ever come in on or under budget? Of course not, but faith runs eternal among the faithful. Cato Institute’s Michael Cannon has said what I did in my last column, “Heeere’s Health-Scare”: “Ultimately, the CBOafs’ forecast is only as good as their premise, which is faulty” (my version). “The Democrats have required the CBO to adopt some really unrealistic assumptions … even if those projections are accurate, politics gets hold of that program. And people start demanding more out of that program” (Cannon’s).

Here are some facts from a research paper authored by FreedomWorks Foundation:

* “The Medicare Program: When Medicare was instituted in 1965, there was no Congressional Budget Office. Instead, in 1967 House Ways and Means analysts estimated the cost of the program. Medicare, they predicted, would cost $12 billion in 1990. (1) They were wrong—by a staggering factor of 10. The actual spending in 1990 was $110 billion. (2) And Medicare costs continue to skyrocket. Through the first 9 months of 2009, Medicare has cost taxpayers $314 billion and that price tag continues to grow by 10%. (3)

In the case of the Medicare Program, the government estimate was off by over 816%. If the CBO estimate for the Senate health care bill is off by the same percentage, then the price of reform may be as high as $7.74 trillion.”