What’s so lucrative about selling chicken to China? We sell them parts of the bird that we won’t eat – like the feet. Worth just a few cents a pound in the U.S., American chicken feet fetch 60-80 cents a pound in China. From the Xinjingbao of the People’s Republic of China, this strategy session from Chinese researcher Xue Chung explains more than you ever wanted to know about what China...

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The big political news story of the day — in fact, one of the biggest arguably in decades — will be the perhaps pivotal Senate Finance Committee vote on health care legislation. And, in that vote, most political eyes will be focused on Maine’s Republican Senator Olympia Snowe. Will she vote for the plan and give it at least a smattering of bipartisan aura? And, if she does, will she face political...

Article I, Section 9, of the U.S. Constitution states in part: “…No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince or foreign State.” The best precipitating motive behind the inclusion of this...

Granny’s tales, and their actions/thinking, have remarkable similarities be they Christians, Jews, Muslims or Hindus. Perhaps it’s because of them the world survives despite the harshness and cruelty that we see around us. Vlasta Molak, a friend, has kindly sent me a moving story of one such grandmother, who at times appears as if she was mine. Here is an excerpt in the NYT from a book to be published...

Charlie Rangel is a charming, engaging fellow. The kind of man you would enjoy having a beer. Most of the journalists who deal with him in Congress like him because he is forthright even when spinning a topic in his favor. A Korean war hero, Rangel’s Harlem voters have elected him to 20 terms, vaunting him to a position of power and by seniority his Democratic comrades have selected him as chairman of...

Intellectual Conservatism Isn’t Dead: Maintaining a Consistent Philosophy by Rick Moran This is the last in my series on the state of intellectual conservatism. Previous articles can be found in order here, and here, and here, and here. If, as we’ve discovered, intellectual conservatism has been marginalized, and its adherents are in bad odor with much of the base, then conservatism as it is advanced...

The Democrats in Congress and the Administration are aghast that the health insurance lobby has announced their subtle dismay with the Baucus proposed healthcare reforms. Big Insurance’s financial experts project that these reforms may increase health insurance costs to the majority of insured Americans even faster than originally projected without reforms. They cite the delay until 2013 in the mandate...

WASHINGTON — It is a sign of our weird political moment that the award of the Nobel Peace Prize to President Obama will probably hurt him among some of his fellow citizens. His opponents are describing the award as premature. The deeper problem is that the Nobel will underscore the extent to which Obama is a cosmopolitan figure, much loved in European capitals because he is the change they have...

Van Gujjars are India’s legendary & colorful nomads, mostly Muslims, tending to their buffaloes in the green pasture land in the Himalayas or its foothills. Their entry into forests, their abode for centuries, is now being increasingly blocked in the name of environmental protection. The New York Times brings this poignant story alive in a beautiful photo-essay Showcase: Traveling With the Van Gujjar...

Although I have written a couple of commentaries on the Afghanistan war, mainly illustrating the complexity of that conflict, I will be the first one to admit that I am by no means an expert on that issue and that I have no relevant suggestions on how to proceed. The real experts are hard at work, hopefully to come up with a successful strategy, corresponding troop levels, etc. However, when I say “real...

In Washington, Revolving Doors are Bad for Your Health by Bill Moyers and Michael Winship On Tuesday, October 13, the Senate Finance Committee finally is scheduled to vote on its version of health care insurance reform. And therein lies yet another story in the endless saga of money and politics. The majority of Americans favor a non-profit alternative – like Medicare – that would give the private...

US president Barack Obama’s predicament (on hearing about Nobel Peace Prize) seems similar to that of a dashing man who comes face-to-face with a fawning socialite in public who gushes: “Darling I love you from the bottom of my heart.” The media is having a field day revelling in this hot/sexy topic that has landed in their lap. This element of surprise (after the award’s announcement)...

Excuse me, but I have some reservations and a bunch of questions about the various healthcare reform bills both houses of Congress could vote on as early as this month. The biggest concern I have is why we taxpayers are subsidizing the private carriers to insure us. The bills are aimed at guaranteeing growing private insurance profits without regard to improving our health. Oh, there are a few caveats thrown...

After months of a new and old media narrative about President Barack Obama’s proposed health care reform being on the ropes — a political hot potato Obama tossed Congress to resolve — is the tide finally turning? Within the past 24 hours a new report came out suggesting one of the proposed plans would help reduce the deficit — removing a key political talk radio culture talking/attack...

WASHINGTON — So now we know: The economic stimulus plan passed by Congress at the beginning of the year was not big enough. We also know this: Once it secures a health care bill — yes, it will get one — the Obama administration from that moment to the 2010 midterm elections will be all about jobs, jobs, jobs. In the face of persistently high unemployment, the administration’s...

Gore Vidal, 83, described as America’s greatest essayist and one of its best-selling novelists, says he has in his life “crashed many barriers.” Vidal’s brutal manner of criticism hasn’t waned. The United States of America, he says, is a “madhouse” and its President is “overwhelmed” and “incompetent”. Last year he famously switched allegiance from Hillary...

Behavioral economist Dan Ariely got a golf company to send out e-mails surveys to their users. 17,000 people to responded. On Marketplace yesterday he discussed his findings: First of all, it turns out that people in the pharmaceutical industry cheated a lot, but they also said their industry is the most honest that there is. There are some other interesting comparisons. For example, if you look at law enforcement,...

Here we go again. Yves Smith links to a WSJ article that highlights how banks are not saving nearly as much as they should be for expected losses in the commercial real estate sector, assets that could lose $1-$2 trillion. Calculatedrisk has a series of posts that hammer the point home: up to 20% of all hotels defaulting (with a larger percentage of the debt defaulting), apartment prices falling and leading...

Ruggero Leoncavallo (1857-1919, aka Rusty Lionhorse) was an Italian composer who wrote the libretto and music for the opera “I Pagliacci” (The Clowns) in 1892. It was a huge overnight success and it remains today one of the 20 most performed operas in the World. Even if you rarely listen to classical music or opera, you’ve probably heard and would recognize some of the great music and arias. Leoncavallo...

He is the demented comedian who gave us Uncle Sugar. He also analyzes public policy in his role as associate director of the Regulatory Studies Program at George Mason University. Ladies and gentlemen, the one and only Rob Raffety: Incidentally, the editors of the Wall Street Journal acidly note that car sales began to plunge as soon as Cash For Clunkers expired. Cross-posted at Conventional Folly

Guest Post By Leonidas Leonidas is a frequent, right of center commenter on The Moderate Voice and has been invited as a Guest Voice. ********** The Washington Post reports: Faced with the smothering inefficiencies of a state-run economy and unable to feed his people without massive imports of food, Cuban leader Raúl Castro has put his faith in compatriots like Esther Fuentes and his little farm out in the...

The econoblogs are buzzing over an article in The Independent about talks between the Gulf States and key consumers to reprice oil away from the dollar, as highlighted by Guest Voice John Wells. The implication is that this occurring because of our massive debts, will severely weaken the dollar, and is a large first step towards the dollar losing its reserve status. John was rather measured, which can’t...

Dollar May Be Dropped In Oil Trade by John Wells A troubling article in the UK Independent reports that Gulf Arabs are planning with China, Russia and France to begin dropping the dollar as the trading currency for oil and moving to a hodgepodge of currencies including the Chinese yuan, the Japanese yen and the euro. Meetings have already been held discreetly by the involved finance ministers, and though it...

As the Obama Administration has rolled out its proposals and priorities, I have questioned them in numerous TMV postings. However, I am still willing to give his Administration four years before passing final judgment. But if the first 9 months are a blueprint for the balance of his term, I do not expect any major edifices or landmarks in U.S. history to emerge. I am not bothered by the plethora of issues...