Even after the Cash for Clunkers program failed, the federal government refuses to give up. It is now launching Cash for Clunkers 2, this time for “green vehicles.” Perhaps not surprisingly, the proposal has delighted General Motors.
Credit Time magazine for identifying, however imprecisely, a very important but little understood consequence of the modern Federal Reserve-based financial system: a “brain drain” that is luring many of the best and brightest from math, science, and engineering into finance. “Wall Street,” notes Time’s Rana Foroohar, “hires more math, engineering and science graduates than the semiconductor industry, Big Pharma or the telecommunications business.” The author continues:
President Barack Obama's imprudent moratorium on drilling for oil in the Gulf Of Mexico cost not only the Gulf region but also the nation billions of dollars and tens of thousands of jobs.
So said Joseph Mason, a professor at Louisiana State University in his testimony last week before the House Subcommitte on Energy and Power.
In the realm of online news, the New York Times is one of the premier go-to sites that hundreds of thousands of news surfers around the world check in with every day. On March 18, the Times announced that it would end the free usage online readers have accessed for the past 15 years, and would begin to charge for unlimited access to its site.
The number of activities contemplated by the Founding Fathers in the Constitution for the federal government is very small. However, astute Americans are aware that much of what the government does these days involves a considerable stretching the Constitution — e.g., the "necessary and proper clause," the "general welfare" clause, and the "interstate commerce" clause — to "justify" the federal government's involvement in everything from education and entitlement programs to energy production and ecology.