Biological Determinism.

Still, to the extent that you really do believe that cognitive abilities are (a) important, and (b) strongly biologically determined, shouldn't you also believe that the poor are more unlucky than anything else, and haven't done anything to deserve hunger, lousy housing, poor medical care, or crappy educations? If genetic luck plays a big role in making us who we are, then support for income redistribution from the rich to the poor is almost a logical necessity for anyone with a moral sense more highly developed than a five-year-old's.
Long story short, belief in biological determinism should make you into a liberal. And yet, here in the real world it mostly does just the opposite. Go figure.

(Words of Wisdom courtesy Kevin Drum of MotherJones magazine)

Financial bubbles aplenty

 "there are too few good investment opportunities in the world of real goods and services"
---

Another way of saying this is that too much money goes to the top; too much demand for financial assets, not enough demand for actual 'stuff'.

The Republican mantra is that low taxes are good for capital formation; what they neglect to acknowledge is that you can have *too much* capital formation.

My tomato plants need water, but submerging them is obviously not a good idea.

Civil Rights? You must be thinking of some other country

Overturning a common law dating back to the English Magna Carta of 1215, the Indiana Supreme Court ruled Thursday that Hoosiers have no right to resist unlawful police entry into their homes.
In a 3-2 decision, Justice Steven David writing for the court said if a police officer wants to enter a home for any reason or no reason at all, a homeowner cannot do anything to block the officer’s entry.

And it pretty much deteriorates from there:

“We believe … a right to resist an unlawful police entry into a home is against public policy and is incompatible with modern Fourth Amendment jurisprudence,” David said. “We also find that allowing resistance unnecessarily escalates the level of violence and therefore the risk of injuries to all parties involved without preventing the arrest.”

from The Agitator, courtesy of LGM

Ireland - sacrificial maiden before the dragon

This is a fascinating, and quite accurate, analysis of why Ireland is screwed, blued and tattooed:
Morgan Kelly in the Irish Times

Basically, German (and French) banks prefer to crush Ireland like a grape in order to scare Spain into obeying orders. The cost to Ireland ... well catastrophic won't be the half of it.