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Chronicle of the Conspiracy Saturday, September 24, 2005 PROGRESSIVISM: A PRIMER An eyewitness account from a Washington DC reader who wishes to be known as A Staff Reporter:
Posted by Donald L. Luskin at 7:19 PM |
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Friday, September 23, 2005 HAS THE TIMES DONE MY WORK FOR ME? That is, pull the fangs out of Paul Krugman? Could be. And it was all, ironically, a matter of economics. As soon as they started charging money for online readers to access Krugman's columns, his readership has fallen through the floor -- as Robert Musil hilariously reports, here. But it may not last; those economics cut both ways. Mickey Kaus points out that "Times Select" looks like a flop at the B.O.Posted by Donald L. Luskin at 2:04 PM |
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NOW HERE'S AN IDEA! From a very thoughtful reader: Since the New York Times is now charging $50 to access its columns which you review, I figure it's only fair that the folks who regularly read your website ought to chip in and buy you a subscription. So now I've done my little part with a $25 donation through Amazon.com. Hopefully someone will chip in the other half. Thanks for the work -- good to know that someone is sifting through the garbage that regularly spills out of the Times so I don't have to. Posted by Donald L. Luskin at 8:19 AM |
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STATISTICAL OBSOLESCENCE Alan Reynolds drives a stake in the heart of an obsolete and misleading economic statistic -- the "average weekly wage of production/non-supervisory workers." Here's an encyclopaedic dissection of all the reasons why this distorted measure, oft abused as evidence of economic stagnation even during boom times, has gotta go. Posted by Donald L. Luskin at 7:03 AM |
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Thursday, September 22, 2005 GOOD CATCH Another gem from a reader (this one from Josh Hendrickson) concerning Paul Krugman's column that asserts that conservatism equals racism:Here is what Krugman said about Ronald Reagan on Monday:"By all accounts Ronald Reagan, who declared in his Inaugural Address that "government is not the solution to our problem; government is the problem," wasn't personally racist. But he repeatedly used a bogus tale about a Cadillac-driving Chicago "welfare queen" to bash big government"Reagan used the example to show that those on welfare should not be driving luxury cars. It seems that it is Krugman who is engaging in racist stereotyping, by assuming the driver is a black woman. Posted by Donald L. Luskin at 9:44 PM |
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IGNORE THOSE CHARRED CORPSES BEHIND THE CURTAIN In Monday's column, Paul Krugman wrote: And who can honestly deny that race is a major reason America treats its poor more harshly than any other advanced country? To put it crudely: a middle-class European, thinking about the poor, says to himself, "There but for the grace of God go I."And yet, according to Krugman's own New York Times yesterday, here's what we find in Krugman's idealized socialist heaven -- France: The French news media were captivated by Hurricane Katrina, pointing out how the American government's faltering response brought into plain view the sad lot of black Americans. But this time the French, who have long criticized America's racism, could not overlook the parallels at home...Thanks to reader Steve Belmont, author of Cities in Full, for the link. Posted by Donald L. Luskin at 2:24 PM |
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GLOBAL WARMING BEHIND THE HURRICANES? Where's the evidence? Thanks to reader George Adair for the link. Posted by Donald L. Luskin at 8:55 AM |
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VICTIMS CAN BE CHOOSERS From Stephen Brewer, a reader in Texas: I wanted to share a story with you about the Katrina "victims" who have fled to Texas. I've been listing to a radio station in Dallas that raised a bunch of money from its listeners and tells daily stories about the people they have helped. Yesterday, they talked to a lady who had been rescued our of a building in New Orleans and ended up in a shelter in Arlington (just outside of Dallas). The station used some of the money they have raised to pay to transport this lady from the shelter to her mother's house outside the state. They talked to her yesterday and she asked them to take her back to Dallas after she found out they were giving people free apartments there. She said she was board living with her mother and called leaving the shelter the worst mistake of her life. What ever happened to "beggars can't be choosers"? Posted by Donald L. Luskin at 8:23 AM |
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MAYBE IT'S NOT ABOUT RIGHTS AT ALL Keith Burgess-Jackson notes that "When it comes to rights such as free speech, freedom of the press, and sexual autonomy (including abortion), liberals are more than happy to think in terms of rights. When it comes to taxation, however, rights go out the window." True enough. But conservatives make the same error, symetrically. For them it's all about rights when it comes to taxes, but rights go out the window when it comes to social issues. The notion of rights means nothing unless it's universally applied. Selectively applied, it's nothing but talk. Rights to autonomy and property either exist universally or not at all. They are not for the left or the right to dispense selectively, depending on how either one of them happens to prefer to control us. Posted by Donald L. Luskin at 12:08 AM |
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Wednesday, September 21, 2005 JOKE OF THE DAYPosted by Donald L. Luskin at 11:51 PM |
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ABOUT THOSE TIMES LAYOFFS NY Times Subscribers Access Laid-Off Reporters by Scott Ott (2005-09-21) -- In the same week The New York Times launched a $50 per year online subscription service and cut 500 jobs from its payroll, the publisher said today that the new Times Select service will now include "exclusive online access to embittered former reporters." "We have to look at every revenue opportunity," said publisher Arthur Sulzberger, Jr. "So, we're providing our ex-reporters with subscriber-only blogs where they can spill the beans about their anonymous sources, ideological bias and clever techniques for maintaining the appearance of objectivity." ...Mr. Sulzberger refused to disclose how many readers had subscribed to Times Select before today, but he added "both of them are delighted so far with their new, deeper relationships with Maureen Dowd, Paul Krugman and Nicholas Kristof." Posted by Donald L. Luskin at 11:48 PM |
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CIRCLING THE DRAIN On the heels of announced layoffs and disastrous earnings, the New York Times Company faces a debt downgrade by Standard and Poor's. And executive editor Bill Keller is telling the troops that 2006 will be an "unusually grim budget year." But don't worry -- the Times will go down fighting. Keller says "we will not retreat, not one inch, from our commitment to put out every day the best news report in the world. We'll be there, in dazzling form, for the next Katrina, the next international crisis, the next domestic upheaval."Maybe if the Times covered a little bit of good news -- instead of trying to position everything that happens as a "crisis" or an "upheaval," their circulation and their ad revenues would turn around. Thanks to reader Jill Olson for the link. Update... Donny Baseball thinks it's all happening because the Times is no longer the "newspaper of record" -- but merely a "useful tool" (not capitalist-type, of course). Posted by Donald L. Luskin at 11:34 PM |
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GETTING IT BACKWARDS ON FAMILY VALUES So socialist France is Paul Krugman's ideal nation, because "they seem extremely supportive of the family as an institution"? Yesterday we saw that support in the form of subsidies to upper-class women, paid by the government to have babies. Now the New York Times is reporting that in that land of capitalist evil, the United States, upper-class women are increasing opting to be stay-at-home moms. Thanks to reader Jill Olson for the link. Posted by Donald L. Luskin at 11:27 PM |
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KRUGMAN: CORRECTIONS AND RACE CARD Here's our latest Krugman Truth Squad column, running on National Review Online this morning. And here are good comments from Perry Eidelbus on Krugman's latest "play the race card" column. Posted by Donald L. Luskin at 8:15 AM |
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Tuesday, September 20, 2005 JOKE OF THE DAYPosted by Donald L. Luskin at 11:35 PM |
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SOMETHING TELLS ME SANTORUM WON'T LIKE THIS IDEA More mockery of the Paul Krugman column that just keeps on giving: And whatever else you may say about French economic policies, they seem extremely supportive of the family as an institution. Senator Rick Santorum, are you reading this?From the Telegraph: Middle-class French women are to be offered cash incentives to have third babies amid growing concern that too few children are being born to professional couples....Hubert Brin, the Unaf president, said yesterday: "The poor current level of compensation appeals only to those on lower incomes...Ask a professional woman these days to make a definitive choice between having a career and having babies and she'll choose the former."Thanks to reader Jill Olson for the link. Posted by Donald L. Luskin at 11:27 PM |
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500 DOWN ...and only 12,000 to go. Thanks to reader Jeff Lin for the link. Posted by Donald L. Luskin at 10:29 PM |
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ADD THIS ONE TO THE LIST ...of all-time great quotable Paul Krugman howlers. On a recent appearance on ABC's "This Week" with George Stephanopoulos, Krugman confessed: You can look at lots of numbers. You know, if you actually work with economic numbers, you have less respect for them than people who don't. Posted by Donald L. Luskin at 8:18 AM |
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Monday, September 19, 2005 NEW ORLEANS, LIKE EUROPE, UNDERWATER James Lewis on American Thinker:Even after it has been drained, cleaned up, and put back on its feet, chances are that those of its poor people who return will still be mired in welfare dependency. They have been seduced into that quicksand all of their lives, with predictable consequences. Most of the poor people we saw on television have never known anything but welfare dependency, drugs, and violence. I would not be surprised if the political hacks send out an emergency call for them to come back, come back, get your welfare check! You can't survive in crazy states like Texas. Because without their voters' deep belief in their own helplessness, the race-and-poverty-mongers are out of a job. The most egregious failures of New Orleans were those of people who have been taught to be mentally stuck in a flood that never ends.Thanks to reader Maggie Gara for the link. Posted by Donald L. Luskin at 11:59 PM |
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THE ANSWER IS "NO" Several readers have sent in this link to a tantalizing question posed in the headline of a BusinessWeek article. Update... As always, Robert Musil has deep thoughts. Posted by Donald L. Luskin at 11:55 PM |
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PAPAL FALLABILITY The "prediction markets" were far from perfect in picking the latest Pope. But Chris Masse shows that the media were even more imperfect in the way they covered the "prediction markets." Posted by Donald L. Luskin at 11:53 PM |
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JUST WHAT RACE IS KRUGMAN TALKING ABOUT? According to Paul Krugman's column today, it's all about race:
Just what race is Krugman talking about? According to the Census Bureau, in 2004 there were 25.3 million white people living below the poverty line, but only 9 million black people. Krugman continues,
Oh yeah? According to the Census Bureau, in 2004 there were 21.4 million white people without health insurance, and only 7.2 million blacks. Thanks to reader Dan Gainor of the Free Market Project for the idea. Posted by Donald L. Luskin at 11:37 AM |
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KRUGMAN PLAYS THE RACE CARD ...and African American columnist Star Parker trumps his ace. Krugman today: ...the administration's lethally inept response to Hurricane Katrina had a lot to do with race. ...And who can honestly deny that race is a major reason America treats its poor more harshly than any other advanced country? To put it crudely: a middle-class European, thinking about the poor, says to himself, "There but for the grace of God go I." A middle-class American is all too likely to think, perhaps without admitting it to himself, "Why should I be taxed to support those people?"Parker: The truth about black poverty today, as Kay Hymowitz of the Manhattan Institute has aptly put it, is that it is "intricately intertwined with the collapse of the nuclear family in the inner city." Posted by Donald L. Luskin at 8:16 AM |
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Sunday, September 18, 2005 NORTH KOREA GIVES UP NUKES The multilateral talks so opposed by liberals (who normally insist that everything be multilateral) have succeeded. How will the liberal media piss on this astonishing victory for Bush, Rice and company? Somehow they'll portray it as a move to distract the American people from Bush's purported failure in the Gulf Coast relief effort. Maybe they'll give all the credit to China (who wouldn't even be involved if it weren't for Bush's multilateralism, which they opposed). Maybe they'll complain that it took too long, or that Iran is the really important risk (having spent two years saying that North Korea was). Certainly they'll say it's too soon to tell, the devil is in the details, and so on and so forth. But there's no doubt -- piss on it they will.Posted by Donald L. Luskin at 11:57 PM |
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WELL, NO I WOULDN'T, ACTUALLY Junk mail from Amazon.com: ...you might like to know that Mark Andrew Ritchie's God In the Pits: The Enron-Jihad Edition will be released in paperback soon.Especially since the paperback version is more expensive than the hardback version. Maybe that's because of the snazzy new sub-title (formerly "Confessions of a Commodities Trader"). Posted by Donald L. Luskin at 11:11 PM |
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I'M TRYING REAL HARD NOT TO TAKE THIS PERSONALLY Here's the latest twist on behavioral economics: In a study of investors’ behaviour, the team from three US universities suggest that...people with certain brain injuries which suppress their emotions could make the best stock market traders. They took a selection of 41 people of normal IQ, 15 of whom had suffered lesions on the areas of the brain that affect emotions, and made them play a simple investment game.Thanks to reader Jill Olson for the link. Posted by Donald L. Luskin at 10:17 PM |
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