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#EndOil isn’t putting investors off oil and gas shares

Three Highlights from Recently Declassified Materials on Soeharto’s Last Year

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The Indonesia Documentation Project yesterday released a wealth of recently declassified documents on Soeharto’s last year in office and the collapse of the New Order regime. As always, these documents are a treasure trove of information, but this release is of particular interest to me because they cover the Asian Financial Crisis, economic reform, the fall of Soeharto, and key personalities in Indonesian politics today like Prabowo Subianto.

Here are my three top highlights.

Prabowo on Politics, and the Military, and Soeharto

This document contains a report of a meeting between Assistant Secretary of State Stanley Roth and Prabowo Subianto, who was then Soeharto’s son-in-law and a rising power in the Indonesian military. He recently ran for president, coming in second, and will run again in 2019. At this meeting, Roth and Prabowo discussed the future of Indonesian politics and the military’s role in it, and Prabowo…

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.@NZTreasury does not use staff turnover & retention rates & going rates to set pay @TaxpayersUnion @EricCrampton

The average pay for an economist is about $80,000; the average pay for a sociology graduate is $60,000 according to the Careers New Zealand advice on your salary prospects for various degrees over a career.

Obviously going down market for graduates has not saved the taxpayer a single cent because they pay economists the same as non-economists despite it being easier to recruit an equally smart non-economists for less pay because they have fewer well-paid options in the rest of the labour market. It never occurred to the Treasury that changing the mix of their recruitment pool might save money!

The left would have us believe everything is getting worse and worse

New book by Lukianoff and Haidt on the fragility of the young

Why Evolution Is True

Cooling my heels at the airport, I call your attention to a new book by Greg Lukianoff, president and CEO of the Foundation for Individual Rights in Education (FIRE) and Jonathan Haidt, a social psychologist at New York University. The book: The Coddling of the American Mind: How Good Intentions and Bad Ideas are Setting Up a Generation for Failure. (That jawbreaker of a title was obviously taken from Allan Bloom’s surprising 1987 bestseller,The Closing of the American Mind: How Higher Education Has Failed Democracy and Impoverished the Souls of Today’s Students).

The screenshot below will take you to the new book’s Amazon site:

You’ll know their views from their 2015 Atlantic piece with the same title, but they’ve expanded and revised it, as you can see from the CBS News video below. In the meantime, the New York Times has, surprisingly, given the book a good…

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NYC Mayor Still Tries To Shut Down Horse Carriages

Green Jihad

During 2016, New York City Mayor Bill de Blasio sought to shut down horse carriage rides calling the practice inhumane. The result was an explosion of animal rights hoodlums that came out of the woodwork relentlessly seeking to shut them down. Fortunately, de Blasio’s efforts flopped, but it hasn’t stopped the mayor from thinking of other ways to destroy the city’s tiny horse carriage ride industry.

At the end of August, de Blasio announced that the horse carriages will be moved from Central Park South to designated areas inside the park itself, thereby reducing their visibility and accessibility to the public. Worse part about it, The Wall Street Journal reports the horse carriage companies say they were not notified of the changes in advance and unable to give any input.

De Blasio did this through a city Department of Transportation rule change and not legislation like he tried…

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