2008: "Their fix may, likely, trade a measure of American sovereignty by submitting to a new economic world order."

 

This post was originally published at The Deliberate Agrarian.

Paul Krugman is a popular guy these days. The American economist was awarded a Nobel prize in Economics this year. In a recent interview I heard Krugman say that no one person is responsible for America’s current financial crisis. But, he said former Federal Reserve chairman Alan Greenspan certainly deserves a lot of the responsibility.

As for Greenspan, he spoke this past week before Congress and said he was “in a state of shocked disbelief” about what has happened to the economy. He further stated: “This crisis, however, has turned out to be much broader than anything I could have imagined.”

Greenspan went on to blame the crisis on “explosive demand by investors around the world” for what were (at one time) very profitable mortgage backed securities. To feed the great demand for these investment vehicles, mortgage lenders started giving mortgages to people who, under normal circumstances, would never have been able to get such loans. As a result, the securities being bought by investors all over the world were tainted with what is now known as “toxic assets.”

Meanwhile (and, incredibly) these risky securities were being rated as relatively safe and sure investments. When it came to light that they were not so safe and sure, the house of cards started to fall, and it is still falling.

How could bad investments be rated as good investments? According to Greenspan: “The whole intellectual edifice… collapsed… because the data inputted into the risk management models generally covered only the past two decades, a period of euphoria.”

So, “Surprise. Surprise. Surprise! Sergeant Carter”…

More @ The Abbeville Institute

Transgender Teacher Claims $60k After Co-Workers Use Wrong Pronoun

Via sauced07

Somethin', I guess

Par for the course in Oregon.

A transgender school teacher has been given a payout of $60,000 after complaining of being harassed by colleagues for over a year who allegedly “misgendered” her, despite an official investigation stating otherwise.

Leo Soell, who works as a fifth grade teacher at Gresham-Barlow school in Oregon, submitted a complaint to Oregon district officials that she had been “harassed” by colleagues after coming out as transgender last September.

In the complaint, she claimed that her co-workers continually called her “she,” “lady,” and “Miss Soell,” while other staff had conspired to stop her using a gender neutral bathroom, despite the school hosting an hour long training session on transgender issues.

More @ Breitbart

What’s Really Behind #NeverTrump

Via Red

I predicted that Donald Trump was going to win the GOP nomination before the Iowa caucus. I even predicted that he might run the table. While he didn’t run the table as I overly enthusiastically suggested at one point, he came closer to running the table than he did to imploding as all the smarts were predicting. The reason I was confident Trump was going to win the nomination was because he had been leading in the primary polls since shortly after he announced, and that support, while it trended up and down somewhat, was relatively stable and seemingly impervious to attacks on the candidate. The assumption that he was inevitably going to implode was always based on wishful thinking by the same pundits who were too blind to see the Trump phenomenon coming and incapable of truly understanding it.

More @ Intellectual Conservative

The most dangerous, and underreported, part of Obama’s transgender edict

Via Adam

For all the justifiable press coverage of Barack Obama's federal guidance on transgender students in the public schools, its most dangerous provision has largely gone unnoticed – and it has nothing to do with bathrooms.

The most outrageous provision of his transgender bathroom order does not even involve locker rooms, where teenagers of the opposite sex will change and shower next to one another.

The most offensive part of the new policy is that, under the Obama administration's federal guidance:

• School districts must allow biological males and females to spend the night together in the same hotel room on field trips;
  
  
• Colleges must let men who say they are transgender be roommates with one or more women; and
  
  
• School officials cannot even tell those young women or their parents in advance that their new roommate is a man, without risking a federal lawsuit.
  

The plain wording of the Obama administration's diktat is clear enough, yet it has not been reported, even by conservative news outlets.

Republicans get it wrong, again

More @ Life Site

Southern Voices

 

Southern Voices: Poems by William H. Holcombe, M. D. Philadelphia: J. B. Lippincott & Co. 1872. 

We hail this volume as a beautiful presage of the future of the South in the department of poetry In saying that it is worthy of the author, who, for several years past, has been a brilliant star in the literary firmament of the South, we give it the highest praise. Dr. Holcombe, in a succession of psychological works, connecting in golden links the noblest and most attractive features of two worlds, has carried English prose style to a high degree of perfection.

His mind is at once logical and creative; but, like all fine writers who have preceded him, he has evidently conned models upon models, and passed through stages of laborious training. All well-balanced minds familiarize themselves with the attainments of the past before they strike out new paths for themselves. In pursuing this course, Dr. Holcombe has only accommodated himself to those inevitable laws of mental and moral progress, the observance of which is sure to secure for the philosopher, the scholar, and the poet, the highest practicable triumphs.

Half a century ago the Englishman, with a curl of contempt upon his lips, and the shred of a laurel on his brow, asked, with an air of triumph that brooked no response, “Who reads an American book?”

More@ The Abbeville Institute