Even Obama fans and shills do not think he deserves the Nobel Peace Prize. Debased as it has been by being bestowed on the likes of Yassir Arafat and Jimmy Carter, even this prize being awarded to someone who has accomplished nothing can only be a bad joke.

One Obama fan, writing for the Guardian with typical pettiness and ill-nature, consoles himself for his embarrassment at the award with a little Schadenfreude:

But there is one lovely, delicious, delectable thing about the whole business: it will drive the American right wing up the wall.

Unfortunately for him, far from being ‘driven up the wall’, the right is laughing fit to bust (see our post below A win-win-win situation).

From one blogger who says he likes Barack Obama comes a serious comment worth reading. If there were a respectable Peace Prize to be awarded it ought to go to someone who deserves it. He nominates – and we agree with him:

Morgan Tsvangirai- who didn’t have the benefit of an expensive Harvard education, millionaire backers, and a holiday sanctuary in Hawaii, was overlooked. For a decade Tsvangirai stared down a military-backed tyrant who banned newspapers, murdered opponents, used famine as a political weapon and brought the country – a rapidly failing state – to the eve of civil war. And yet, through skillful statesmanship he managed to hold it together, avert a bloody war and bring the country slowly back from the brink.

But then, he didn’t have the difficult task of fighting an uphill battle against nasty Fox News pundits and vindictive Madison Avenue opinion-shapers to get to where he was.

Catching breath and pausing the guffaws to sound one serious note: the award is the extremest manifestation yet of Obama Derangement Syndrome, the worship of that ineffectual egomaniac. (See our post of that title, July 12, 2009.)

From the School of Earth and Geographical Sciences, The University of Western Australia.

Why the Greenland and Antarctic Ice Sheets are Not Collapsing

By Colin Pain:

Global warming alarmists have suggested that the ice sheets of Greenland and Antarctica may collapse, causing disastrous sea level rise. This idea is based on the concept of an ice sheet sliding down an inclined plane on a base lubricated by meltwater, which is itself increasing because of global warming.

In reality the Greenland and Antarctic ice sheets occupy deep basins, and cannot slide down a plane. Furthermore glacial flow depends on stress (including the important yield stress) as well as temperature, and much of the ice sheets are well below melting point.

The accumulation of kilometres of undisturbed ice in cores in Greenland and Antarctica (the same ones that are sometimes used to fuel ideas of global warming) show hundreds of thousands of years of accumulation with no melting or flow. Except around the edges, ice sheets flow at the base, and depend on geothermal heat, not the climate at the surface. It is impossible for the Greenland and Antarctic ice sheets to ‘collapse’.

A British Housewife’s view of the UK economy:

Treasury forecasts that in five years the UK Government will owe £1,400,000,000,000. No, I didn’t lean on the ‘0’ key. It really is that big. Let’s take the very most optimistic view possible:

1. suppose this is true and it is not higher (bank bale-outs, PFIs, decommissioning power stations, civil servant pensions and so forth blithely ignored for the moment because Labour have made this ‘off balance sheet’ to hide it);
2. suppose this is only serviced at a rate of 3% and that it will not cost more (for example, because interest rates rise, because investors will not buy gilts, or because the pound drops further against other currencies and gold);
3. suppose that other Government income does not drop (because the economy shrinks, because people and companies pay less tax if they are bankrupt or unemployed);
4. suppose that other expenses do not go up (unemployment benefit; more bale-outs; rising pay demanded by the 40% of the workforce in the public sector);

and suppose these things even though they are probably not true at all.

Even with this rosy view, the cost of servicing that debt will be, at a modest 3%, some £42,000,000,000 a year. Again, I do not lean on the ‘0’ key.

This means that towards the end of the next Parliament, the cost of paying for all the debt will amount to about the same as the total corporation tax income the treasury takes in a year at today’s rates.

Just paying interest Government’s term will cost the entire contribution of British business to the pubic purse . Or look at it this way, interest payments will take funds which amount to more than the Government spends a year on public order (police, law courts, prisons, etc): that is just to pay the interest, not to pay back what it borrowed.

What is the alternative view? Maybe the public debt could be £1,840,000,000,000 (including the off balance sheet items ignored in the Treasury forecasts). Maybe my assumptions are a tad too optimistic. If interest rates on gilts then go up to a fairly unremarkable 6%, that would be a debt interest cost of £110 billion a year – about the current cost of the National Health Service.

What happens then, as the Government runs out of money?

It still wants to pay for the NHS, pensions, the Army, Police, welfare, rubbish collection, equality, redistribution of wealth, pocket money for low income teenagers (I kid you not), schools, universities, nauseating public art, the climate nonsense and so forth. Government spends about half our output and employs nearly half of us at the moment. It spends about £43 million a day on the European Union. Well at some point, say it can’t actually pay because of the debt interest it needs to pay.

You may say it will have to raise taxes, sell gilts (borrow even more), sell gold, or just print more money.

Raising taxes will come. but will simply strangle the last bit of life out of what is left of the productive part of our economy, or push wealth and investors abroad. I would also be amazed if the UK can carry on issuing gilts. Who will buy them? A broke UK is hardly the best investment and the credit rating is already being questioned. And if gilts are sold, we may have to pay punitive rates. Gordon Brown already sold all the gold, by the way, when the price was low. What is left? The Government will have to print money. However, this can only make matters worse. The money supply will go up and therefore prices will rise with interest rates (probably just as oil prices go up further). The worth of pensions, savings and property will be cruelly devalued by this dilution in the value of the pound. There will be public sector anger, unemployment, rising prices and real poverty.

(By the way for all of you who say the CPI and RPI measures of inflation are low, please just remember that food inflation as calculated in the Daily Telegraph, is consistently between 9 and 14%. The indices are low in energy and mortgage payments because oil prices went down and because of the low interest rate. These can always go up again.)

Can Government cut spending? Just just to pay for interest and not really touch capital obligations, we shall have to ditch the equivalent of the NHS. The main political parties have done their typical thing: Conservatives have been vague and Labour has been misleading. Conservatives have said they will cut some spending but will not cut the NHS or Third World Aid. Labour is committed to spending more in real terms but won’t say if that includes interest and unemployment benefit so this means in reality spending less too, but not admitting it (in the usual Labour way).

The only answer is of course to make the productive part of the economy work again. We must reduce the cost and size of the public sector and ditch the EU. We must somehow allow businesses to create wealth, make a profit, employ people and thereby help them pay their mortgages. Even if we do this, it is going to be tough and public policy makers simply are not facing up to it. Both main parties have obviously never kept to a household budget.

Mrs M A Westrop, UK Housewife: economists please comment.

Tom Pinney – 1st year History Student at University of York – writes of the UAF’s questionable attack on the thoroughly despicable Nick Griffin, the recently elected BNP leader:

It has been a sad week in British politics. The British people have elected two members of the British National Party (BNP) to European Parliament and I am personally appalled. However, not only am I appalled that just under a million British people voted for a party which has as clearly racist agenda, but also the actions of the Unite Against Fascism (UAF) group.

On Tuesday, while giving a press conference outside Parliament, BNP leader Griffin was pelted with eggs and forced to abandon the event. “Exactly what the leader of a fascist organisation deserves,” I hear you cry. And you would be right; however the reasons the UAF gave for their actions were a little, to say the least, suspect.

In an interview with the BBC, a spokesperson for the UAF claimed that the “[UAF] doesn’t believe in free speech for fascists.” As far as I’m concerned, denying anyone a platform, particularly a democratically elected representative of this country no matter what their views, is abhorrent and is reminiscent of BNP policies themselves. By giving these fascists a platform they will be exposed as the immoral, racist autocrats they are. The UAF’s opposition to freedom of speech is an insult to the population of Britain, who deserve the right to decide what they want to hear and to whom they want to listen.

Attacking these people plays into their hands, turns them into martyrs for their cause and makes them into the victim. As the BBC interviewer pointed out, Nick Griffin advocates non-violence. Now I don’t believe for a second this to be true; however using violence and aggression to push through your opinion is a method best left to be employed by extremists who lack the intelligence to engage their political opponents in open discussion. The only way to beat extremism in all its forms is free speech and an open platform for all. As Nick Griffin is often quoted as saying: “Power is the product of force and will, not of rational debate.” Wouldn’t it be ironic, if these adamant anti-fascists end up becoming their own worst nightmare – forcing their own views down people’s throats, all for the ostensible good of the country.

I am going away for a month, so am handing over to the British end of  our abstract editorial desk for the duration of my travels. Our editor in Britain is Sam Westrop. He might post articles written or quoted by others as well as himself. All decisions will be his. Differences will be apparent between his and my points of view, tone, style and emphasis. British and European events are likely to feature more than usual, but America will continue to be of central importance to us, because it is so in geo-political fact.  

I confidently leave our website in his hands, and expect our ever-expanding readership to grow even faster while I am away.

Jillian Becker  June 10, 2009

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Friday, May 01, 2009 
By Eric Shawn

http://www.foxnews.com/story/0,2933,518611,00.html

The cover of “Jihad Recollections,” a magazine about Al Qaeda that impels Americans to join in jihad.

It’s been likened to Al Qaeda’s “Vanity Fair,” a new English-language Internet magazine called “Jihad Recollections” that focuses on the terrorist group, its founder, Usama Bin Laden, and how to commit jihad. It also predicts the demise of the United States.

“This is designed for Americans,” says noted terrorism expert Steven Emerson, founder of the Investigative Project on Terrorism in Washington, D.C., and author of the book “American Jihad: The Terrorists Living Among Us.”…

It is not clear what connection, if any, the magazine has to Al Qaeda or its followers. It is published by the “Al Fursan Media Foundation,” but FOX News could not find such an organization or a way to contact them for comment.

Yet “Jihad Recollections” certainly highlights the terrorist group and the goals of Islamic jihad in a sophisticated and graphically slick presentation similar to any high quality Web site.

The magazine includes the speeches and writings of Bin Laden and his deputy, Ayman al-Zawahiri. Articles range from “Four Practical Steps to Expand the Global Jihad,” to “The Science Behind Night Vision Technology” and “Principles of Guerrilla Warfare.”

“The magazine is quite startling,” said Emerson. It is “a veritable manual on how to carry out terrorism. It’s quite shocking, and the question is whether it violates the law or not.”

The first issue says of the 9/11 attacks, that “the strategy was genius.” It calls America “one of the most atrocious and egotistical regimes to date,” and it accuses the United States of spreading corruption in Islamic countries through its embassies. “How can we expect from America any good?” it asks. “We only expect from it every evil and corruption.”

“Jihad Recollections” appears to prepare followers to engage in jihad…

In fact, “Jihad Recollections” proclaims: “It is the first of its kind as it is geared towards the English speaking Muslims who are interested in gaining heights in their religious, political, economical, social, technological, strategic, historical, biographical and health awareness.”

The writing may be a bit flamboyant, and while it boasts that “The U.S. grows weaker every day,” there is no explicit call for violence against the country or against Americans. Emerson thinks the publication is “pushing the envelope of the First Amendment” by reporting on jihad issues, and he says it indicates that the Internet is being used as “one of the major sources for radicalization.” …

More than 5,000 people have viewed “Jihad Recollections” and 11 people list it as one of their “favorites.” Who are its readers? And do they adhere to the jihad philosophy?

Whoever is behind “Jihad Recollections” has a strange mix of opinion with one focus: seemingly to spread the message of Islamic jihad at the expense of Americans. That such a publication is accessible at all speaks to the freedoms we enjoy in our country while, experts say, also serving as a warning of the danger that Islamic militants and radicals pose to our nation.

[NOTE re the reference to the ‘Conquering of Rome’ in the picture of the magazine’s cover: the Arabic word Rom – literally ‘Rome’ – means the Christian world. – JB]

 Al-Qaeda is roaring back into Iraq. 

Pakistan is disintegrating, and the Taliban is likely to take control of its nuclear arsenal.  

Iran and North Korea are producing nuclear weapons. 

Israel has called up its airforce reservists.

What is the Obama administration doing about these developments?

What is it likely to do?

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