Republicans Love Stimulus Too!
The chief executive of Cisco, John Chambers, has emerged as one of Silicon Valley's few optimists, proclaiming that the U.S. economy will recover this year. Oh my!
An article in today's New York Times reveals Chambers' assertion that while most of Cisco's customers expect the economic downturn to linger well into 2010, a smaller number expect the downturn to ease late this year. Who is this small band of positive thinkers?
Don't get too giddy. Chambers, after announcing the company's positive second-quarter results, said that things will get worse before they get better, but reasoned that he's more optimistic than others "because you have $1.6 trillion coming in from governments around the world, with the U.S. accounting for about half of that."
Thanks, Obama! As the Times reports: "Mr. Chambers's optimism stems from the large amounts of government spending both here and abroad on infrastructure projects, including things like better broadband technology, health care and education, that should drive equipment sales. Mr. Chambers credited governments in the United States and abroad with relatively efficient action in enacting new infrastructure programs." Now that's an Obama Republican!
Could this be the long-awaited solution to economic inequality?
Under capitalism, the argument goes, it's every man for himself. Through the relentless pursuit of self-interest, everyone benefits, as if an invisible hand were guiding each of us toward the common good. Everyone should accordingly try to get as much as they can, not only for their goods but also for their labour. Whatever the market price is is, in turn, what the buyer should pay. Just like the idea that there should be a minimum wage, the idea that there should be a maximum wage seems to undermine the very freedom that the free market is supposed to guarantee.
Humans evolved to live in the cold through a number of environmental and genetic factors.
- According to some relatively new research, many of our early human cousins preceded Homo sapien migrations north by hundreds of thousands or even millions of years.
- Cross-breeding with other ancient hominids gave some subsets of human population the genes to contend and thrive in colder and harsher climates.
- Behavioral and dietary changes also helped humans adapt to cold climates.
It's unlikely that there's anything on the planet that is worth the cost of shipping it back
- In the second season of National Geographic Channel's MARS (premiering tonight, 11/12/18,) privatized miners on the red planet clash with a colony of international scientists
- Privatized mining on both Mars and the Moon is likely to occur in the next century
- The cost of returning mined materials from Space to the Earth will probably be too high to create a self-sustaining industry, but the resources may have other uses at their origin points
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