News, Entertainment, Enlightenment
John Papola and Russ Roberts have created a fascinating rap video regarding the historic economics debate between government-intervention proponent John Maynard Keynes and free-market supporter Friedrich August von Hayek
President Obama’s stimulus plan follows the policy advocated by Keynes.
John F. Kennedy’s and Ronald Reagan’s tax cuts followed the policies advocated by von Hayek.
The video can be found here.
Yuengling Sales Strong In Stormy Beer Sea — D.G. Yuengling & Son is sailing strong in a stormy beer sea. While beer sales fell 2.2 percent last year, sales of Pottsville-based Yuengling rose from 1,811 to 2,025 barrels or 11 percent.
Travesty Added To Kelo Tragedy — The United States Supreme Court said in 2005 that the city of New London, Ct., could use eminent domain power to take the homes and properties of Susette Kelo and others in the Fort Trumbull section of that city and give them to large private corporations like Pfizer Inc. for the purpose of economic development.
The vote was as you might expect with the progressive, self-proclaimed caring types like Ruth Bader Ginsburg voting for the faceless corporations and those bumpkin conservatives siding with the the little guys and gals.
Well ho ho ho it has just been reported that Pfizer is shutting down its massive New London facility. The once productive neighborhood will remain a field of weeds for the foreseeable future.
It looks like Philly might become a major, if not the major, media center in the world. Comcast has reportedly reached an agreement with General Electric to give the Philadelphia-based corporation known for providing cable service a 51 percent share in NBC Universal whose properties include Universal Studios, NBC and its affiliates and Telemundo Television Studios.
GE now owns 80 percent of NBC Universal with the French-firm Vivendi owning the rest.
General Motors announced, July 29, that it was going to spend $1 billion to expand its vehicle lineup in Brazil including operations (i.e. nice-paying jobs) at its Gravitai plant. 
It looks like President Obama’s GM bailout was meant to be a foreign aid package.
Meanwhile, Honda is consolidating all motorcycle production in Kumamoto, Japan hence ending it in the United States. If the idea was to help the U.S. economy maybe Obama should have given Honda the money.