The Korean War: Secret Soviet Involvement I

MSW's avatarWeapons and Warfare

As in no other air war in recent history, the Korean War was fought by opposing combatants who had no stake whatsoever in the territory in dispute. When the North invaded the South, Americans entered the battle openly and with heavy commitment. The Soviets elected to go undercover with limited aid in material and especially in manpower. For whatever reason, neither side expressed a specific goal or objective, other than to fight one another and to hopefully bring the whole sad affair to an end. Unfortunately, the war never officially ended. In spite of over a half century of negotiation, neither side has surrendered or agreed on a formal truce to end the armed conflict. Instead, both sides signed a tenuous cease-fire agreement and technically the combatants remain in a state-of-war.

By the end of October 1950, the Korean and Chinese aviation assets had been combined into a single Unified…

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Snap Back From COVID-19 Crisis? Try Snapping Out Out Of The Obsession With Wind & Solar

stopthesethings's avatarSTOP THESE THINGS

Want to ‘snap back’? The answer’s right in front of you.

COVID-19 has left Australia’s economy a victim of involuntarily euthanasia; what’s not been wiped out by insane renewable energy policies has been finished off by government enforced lockdowns.

Australia’s PM, Scott Morrison talks about the economy enjoying a “snap back”, once the restrictions on business and movements are lifted. As if the deliberate destruction of the hospitality and tourism sectors will be alleviated overnight at the snap of his magical fingers.

Then there’s been talk about improving Australia’s “resilience” and “self-sufficiency”, suggesting a renaissance of Australian manufacturing and industry.

With Australian businesses suffering among world’s highest power prices (thanks to its obsession with intermittent wind and solar, South Australian households and businesses suffer highest prices in the world), all STT can say is: well, good luck with that!

The idea that once we “get over the bridge” investors will…

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Real economic costs of financial crises – part 1

Edward Prescott is sceptical about the cost of financial crises. He points out that although there were plenty of them over the course of the 19th century, America seem to still become the industrial leader.

Michael Reddell's avatarcroaking cassandra

A couple of days ago I looked at how one might best classify countries, as to whether or not they had experienced a “financial crisis” since 2007.  But this chart is one reason why I’ve become increasingly sceptical that “financial crises”, however one defines them, have large or enduring adverse real economic effects.  I think I first saw it in a sets of slides by Nobel laureate Robert Lucas, and every so often I would use it to try to stir up a bit of debate at the Reserve Bank.

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It is a quite simple chart of real per capita GDP for the United States, back as far as 1870.  These are Angus Maddison’s estimates, the most widely used set of (estimated) historical data, and as Maddison died a few years ago they only come as far forward as 2008.  The simple observation is that a linear trend drawn through this…

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A Conversation with Harold Demsetz

Via https://www.econlib.org/videos/a-conversation-with-harold-demsetz/

Book Review: “Thomas Cromwell: A Revolutionary Life” by Diarmaid MacCulloch

hmalagisi's avatarAdventures of a Tudor Nerd

38390462The stories of King Henry VIII and the men around him have fascinated generations of historians, but there was one man who has received a negative reputation for his actions. He was the supposed son of a butcher who rose to be Henry VIII’s right-hand man, until his dramatic fall in July 1540. Thomas Cromwell was credited for helping Henry with his Great Matter, the fall of Anne Boleyn, the establishment of the Church of England, and the disastrous marriage between Henry and Anna of Cleves. Diarmaid MacCulloch has taken on the challenge to figure out who Thomas Cromwell really was by sifting through all remaining archival records that we have from this extraordinary man. It is in this book, “Thomas Cromwell: A Revolutionary Life” that MacCulloch masterfully explores the story of this man who changed English and European history forever.

Personally, I have never read a book about Thomas…

View original post 495 more words

Surprise! Carbon Fuels are Plentiful, not Scarce.

Ron Clutz's avatarScience Matters

Brentan Alexander writes at Forbes $40 Oil Will Return: This Isn’t The End Of Fossil Fuels. Excerpts in italics with my bolds and images.

Yesterday, May futures for WTI crude, a benchmark often used for U.S.-sourced oil, crashed into negative territory for the first time ever. It was the last day to trade a May contract, and with storage space filling up as oil demand craters, contract holders with nowhere to put the oil they were obligated to physically accept were forced to pay to have somebody take contracts off their hands. This moment represents a stunning new chapter in the ongoing oil crisis that has seen record drops for oil consumption and prices globally. Spot prices in May will remain depressed, and the June market is likely to be painful as well. It may seem like the days of $40 oil are behind us, and that we’re…

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The Late Roman Empire: The crucial decades

MSW's avatarWeapons and Warfare

The Roman Empire did not end overnight, in fact its decline, like its rise, was a very prolonged affair. One can understand Gibbon’s decision to continue the story all the way down to the Turkish occupation of Constantinople in 1453, though it also seems a great mistake, since the Roman-Byzantine state can scarcely be called an empire at any time between the late seventh and the early eleventh century. What is not rational is the decision to write as if the Roman Empire ended as early as the sixth or even the fourth century ad.

There are also those who think that the word `decline’ should be considered taboo in this context, but no thinking historian of political power will hesitate over that issue. The power of the Roman state contracted dramatically, and, though it is a commonplace that all empires end, this particular contraction merits an explanation – or…

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Book Review: “Henry VIII and the Men Who Made Him” by Tracy Borman

hmalagisi's avatarAdventures of a Tudor Nerd

40642324The story of the reign of King Henry VIII has been told mainly through his numerous marriages and through the lives of his children. Although his immediate family was a big part of his legacy, there is much more to his story than his tempestuous relationships. There were also his legal, religious, and military exploits. The ones who were with Henry when he made these decisions were the men who were loyal to him, his counselors and companions. Their tales are often told separately, until now. Tracy Borman has decided to masterfully combine their tales to explore the life of their infamous king in her latest biography, “Henry VIII and the Men Who Made Him”. 

I have read plenty of books about Henry VIII’s wives and his children, but I haven’t read many books about the legendary man himself. I wanted a biography that explored the decisions he made in…

View original post 390 more words

A new book on Woke Academia by two of the “grievance studies” authors

whyevolutionistrue's avatarWhy Evolution Is True

Helen Pluckrose and James Lindsay are two of the three “grievance studies” hoaxers (Peter Boghossian was the other); all have devoted considerable time and valuable effort to debunking the postmodernistic debasement of woke academia. Now Pluckrose and Lindsay have collaborated on an upcoming book, called to my attention by Paul Topping. It goes on sale June 16, and is only $20 for a 348-page hardback. The Amazon summary is below, along with a cover image (click screenshot to go to Amazon page) and three endorsements.

Have you heard that language is violence and that science is sexist? Have you read that you shouldn’t practice yoga or cook Chinese food? Are you confused by these ideas and wonder how they have managed to challenge so quickly the very logic of Western society? In this probing and intrepid volume, Helen Pluckrose and James A. Lindsay document the evolution of this…

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April 21,1509: Death of Henry VII and his claim to the throne.

liamfoley63's avatarEuropean Royal History

Today is the Anniversary of the death of King Henry VII of England, Lord of Ireland. Today I am examining Henry’s claims to the English throne.

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Henry VII (January 28, 1457 – April 21, 1509) was the King of England and Lord of Ireland from his seizure of the crown on August 22, 1485 to his death. He was the first monarch of the House of Tudor.

Henry attained the throne when his forces defeated King Richard III at the Battle of Bosworth Field, the culmination of the Wars of the Roses. He was the last king of England to win his throne on the field of battle. He cemented his claim by marrying Elizabeth of York, daughter of Richard’s brother Edward IV.

Henry’s main claim to the English throne derived from his mother through the House of Beaufort. Henry’s mother, Lady Margaret Beaufort, was a great-granddaughter of John of…

View original post 690 more words

Happy 94th Birthday to Her Majesty Queen Elizabeth II.

liamfoley63's avatarEuropean Royal History

Elizabeth II (Elizabeth Alexandra Mary; born April 21, 1926) is Queen of the United Kingdom of Great Britain and Northern Ireland and the other Commonwealth realms.

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Elizabeth was born in London, the first child of the Duke and Duchess of York, later King George VI and Queen Elizabeth, and she was educated privately at home. Her father ascended the throne on the abdication of his brother King Edward VIII in 1936, from which time she was the heir presumptive. She began to undertake public duties during the Second World War, serving in the Auxiliary Territorial Service.

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Elizabeth met her future husband, Prince Philip of Greece and Denmark, in 1934 and 1937. Philip is the only son and fifth and final child of Prince Andrew of Greece and Denmark and Princess Alice of Battenberg. A member of the House of Schleswig-Holstein-Sonderburg-Glücksburg, itself a branch of the House of Oldenburg, he was…

View original post 483 more words

Gobsmacking Audacity: Wind & Solar Industries Demand $Billions in Handouts From COVID-19 Stimulus Package

stopthesethings's avatarSTOP THESE THINGS

America’s renewable energy rent seekers sought to snare $billions from Trump’s $2 trillion coronavirus stimulus and failed. Now they’re back with a vengeance, and hard at it again.

The wind and solar ‘industries’ have always exhibited their very own gobsmacking version of audacity. But, with America facing an economic calamity of a magnitude not seen since the Great Depression, it takes real gall to demand even more subsidies (direct and indirect) and the extension of the Production Tax Credit until kingdom comes.

Nicholas Waddy takes a closer look at just how shameless these profiteers really are.

As Americans Sicken and Die, the Wind and Solar Industries Aim to Capitalize on COVID-19
Townhall
Nicholas Waddy
10 April 2020

It’s no secret that, as soon as Congress began debating pandemic-related bailouts and stimulus measures, special interests far and wide descended on Washington, D.C.  Every industry and advocacy group seemed to…

View original post 651 more words

Thomas Sargent on deposit insurance

From https://www.minneapolisfed.org/economic-research/conferences/~/media/files/research/events/2010_04-23/slides/Sargent2_slides.pdf

Why Can’t Women Be More Nice?

Not The News in Briefs's avatarNot The News in Briefs

How nice do women have to be?

Well, very, it seems, if we want to hold on to our rights. I’m talking about the rights which are already enshrined in law, by way of the Equality Act 2010, updating and incorporating the sex equality legislation from the Sex Discrimination Act 1975. Rights for women are based on sex, and they always have been, because there is no other legal or material or commonly recognised way of differentiating between men and women. Despite recent assertions from many lobbyists, we have never had to resort to looking inside someone’s pants to distinguish one sex from the other. The common understanding of what male and female categories mean, and the difference between them, has always sufficed to ensure that laws intended to level the playing field for women are actually used to benefit women. They may not always have been adequate to the…

View original post 1,360 more words

Scientists push back against Angela Saini’s claim that they overlooked a legacy of racism and eugenics

whyevolutionistrue's avatarWhy Evolution Is True

On March 15, I highlighted an op-ed in Natureby science writer Angela Saini, in which she discussed—if “discussed” is the proper word for such a biased and tendentious piece—University College London’s (UCL’s) recent inquiry into the eugenic practices of Francis Galton and Karl Pearson, science pioneers who were also racists, and whose name was bestowed on UCL buildings, lecture rooms, and endowments. What irked the UCL scientists who responded below to Saini’s claims—and irked me as well, since I spent considerable time at UCL—was her repeated assertion that UCL scientists had swept its racist and eugenic history under the rug, and were lacking objectivity.

Here are some of her claims (click on screenshot to read the whole sorry piece):

Two excerpts. The first is an arrant whopper (in bold):

When a survey conducted as part of the UCL inquiry asked staff and students whether “we should separate science…

View original post 882 more words

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