US scientists have found a way to estimate the time of the next eruption of the dormant volcano in Yellowstone National Park from 10 months to 10 years beforehand. They promise it won’t be cataclysmic, yet its lava and ash could cause a volcanic winter. A new Arizona State University research focused on past eruptions at Yellowstone volcano, with the most recent happening nearly 70,000 years ago, in order to learn more about the time when its sleep is over. The study on the supervolcano’s giant chamber of hot, partly molten rock was published on Wednesday in the journal Geology. … Continue reading

In a recent New York Times column, “Hooray for ObamaCare,” Paul Krugman tells us how successful the program has been. “Start with the act’s most basic purpose, to cover the previously uninsured. Opponents of the law insisted that it would actually reduce coverage; in reality, around 15 million Americans have gained insurance.” How did the government achieve its goal of increasing health insurance coverage?  The same way the Corleone family achieved its goal of expanding olive oil distribution, or a gang member achieves his goal of getting your wallet. When you file your tax return, you must inform the government … Continue reading

Despite what you might think, our grandparents (or great-grandparents) weren’t all prudes or blue-nosed moral crusaders. As evidence, Hollywood, from the silent era until the mid-1930s, often produced feature-length films that dealt explicitly with adult themes, such as premarital sex, criminality, drug abuse, and prostitution. On other occasions, filmmakers titillated audiences with graphic images that included nudity or gruesome acts of violence. Then, when sound was introduced, a whole slew of films and filmmakers tried to capitalize on the public’s interest in the criminal underworld that was created as a result of Prohibition by producing a series of brash and … Continue reading

Thirty years ago today marked the release date of Back to the Future. I mention this to call attention to a life marker. When it came out in 1985, it inspired a wave of nostalgia about 1955. I was in high school in 1955. A lot of that movie looked familiar. Now comes the double whammy. It has been as long since the movie was released as it was between 1955 and 1985. Younger people notice a single marker. They perceive that things are speeding up. Older people notice the double markers. “It has been as long from Y to … Continue reading

Assuming “growth” will fund all promised pensions and entitlements is magical thinking. The core problem with pension plans is that the promises were issued without regard for the revenues needed to pay the promises. Lulled by 60 years of global growth since 1945, those in charge of entitlements and publicly funded pensions assumed that “growth”–of GDP, tax revenues, employment and everything else–would always rise faster than the costs of the promised pensions and entitlements. As the 60+ million baby Boom began qualifying for Social Security and Medicare entitlements, the percentage of beneficiaries rose quickly from a decades-long level of about 16% … Continue reading

Yesterday the embattled Greeks delivered still more body blows to the rotten regime of Keynesian central banking and the crony capitalist bailout state to which it is conjoined. By defaulting on its IMF loan, walking away from the troika bailout program and taking control of its insolvent domestic banking system, Alexis Tsipras and his band of political outlaws have shattered a giant illusion. Namely, that the world’s debt serfs will endlessly and meekly acquiesce to whatever onerous, eleventh hour arrangements might be concocted by their official paymasters——even when these expedients are for no more noble or sustainable purpose than to forestall a Monday moring hissy fit among the gamblers in the world’s financial casinos. So at midnight on … Continue reading

European Parliament president Martin Schulz said his faith in the Greek government had reached “rock bottom,” and, as AFP reports, that he hopes it resigns after Sunday’s referendum. Luckily, he has an idea for a solution… the time between the departure of Tsipras’ hard-left Syriza party and new elections would have to “be bridged with a technocratic government, so that we can continue to negotiate.” As AFP reports, Schulz on Thursday told German Handelsblatt business daily that “new elections would be necessary if the Greek people vote for the reform programme and thus for remaining in the eurozone and Tsipras, … Continue reading

‘Still think GMOs and their non-GMO counterparts are equivalent? Think again. Unlike GM corn, non-GMO corn doesn’t cause sterility. A new study released by Egyptian scientists found that rats fed a GMO diet suffer from infertility, among other health issues. Researchers from the Food Technology Department, Faculty of Agriculture, Department of Anatomy and Embryology, and […]

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‘Republican presidential candidate Ted Cruz says the Obama administration’s decision to reopen the US embassy in the Cuban capital, Havana, is a “slap in the face” of Israel. The senator from Texas made the remarks on Wednesday night, hours after President Barack Obama announced that the US and Cuba have reached an agreement to reopen […]

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‘The United Nations (UN) observers have ruled that the recently held parliamentary elections in Burundi were not free or credible. Farhan Haq, a UN spokesman, said on Thursday that the elections were not conducted in a credible political atmosphere and were marred by violence. “The overall environment was not conducive for free, credible and inclusive […]

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‘More than 260,000 people in Austria have signed a petition urging the Austrian government to leave the European Union (EU). According to reports on Thursday, as many as 261,159 Austrians signed the petition. The number in total represents 4.12 percent of the country’s electorate. Since under the country’s regulations the threshold for calling a debate […]

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In the face of a concerted mobilization by the European oligarchy to overthrow Greece’s government, Athens is mobilizing for the “No” votes. Minister for Productive Reconstruction, Environment and Energy Panagiotis Lafazanis, said that the July 5 refer…