Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those…
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Some Potentially VERY Good Economic News

Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those with "skin in the game," and who likely possess the best perspective, are betting heavily on an upturn, as highlighted by Friday's Wall Street Journal:

Corporate insiders are buying stock in their own companies at a pact not seen in years, a sign they are betting on a rebound after a coronavirus-induced rout.  More than 2,800 executives and directors have purchased nearly $1.19 billion in company stock since the beginning of March.  That's the third-highest level on both an individual and dollar basis since 1988, according to the Washington Service, which provides data analytics about trading activity by insiders."

Here's why that's important:

Because insiders typically know the…[more]

March 30, 2020 • 11:02 am

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Jester's CourtroomLegal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts.
Activist Demands Imprisonment for “Climate-Change Liars” Print
By Timothy H. Lee
Thursday, April 03 2014
[T]here are real-world consequences from climate-change alarmism of the type perpetuated by the likes of the U.N., Al Gore and Paul Krugman.

When one side in a policy debate begins advocating imprisonment for opponents, it tends to suggest that side is losing on the substantive merits, not winning. 

Case in point:  the ongoing man-made climate change debate. 

Stop us if this sounds familiar, but the United Nations just issued yet another report alleging that anthropogenic (human-caused) global warming threatens the earth and its living populations.  The U.N. Intergovernmental Panel on Climate Change, whose name itself seems farcical, warns that rising temperatures will reduce crop yields, displace populations and even increase violence. 

The solution?  Naturally, more money to the U.N. and its sanctioned climate apostles. 

The imprisonment recommendation wasn’t part of the U.N.’s latest report, but now its supporting chorus has indeed floated the idea. 

Skeptical readers – “deniers,” if you will – may recall a similar U.N. report from 2007, which solemnly informed us that the Himalayan ice sheets would disappear by 2035.  The U.N. was subsequently forced to retract that prediction, which it admitted was “poorly substantiated,” and “resulted from a lapse in standards.” 

Accordingly, skepticism is in order, if not outright “denial.” 

Also in 2007, Al Gore assured audiences that Arctic ice caps would disappear by the summer of 2013.  Again in 2008, Gore proclaimed, “the entire north polarized cap will disappear in five years.”  But then a funny thing happened. Arctic ice has actually grown in recent years. 

Not to be outdone, Paul Krugman of The New York Times – or, as James Taranto of The Wall Street Journal accurately labels him, “Former Enron Adviser Paul Krugman” – asserted in 2009 that politicians who voted against draconian global warming legislation were actually committing “treason – treason against the planet.”  He added:

“Global greenhouse gas emissions are rising faster than expected; some mitigating factors, like absorption of carbon dioxide by the oceans, are turning out to be weaker than hoped; and there’s growing evidence that climate change is self-reinforcing – that, for example, rising temperatures will cause some arctic tundra to defrost, releasing even more carbon dioxide into the atmosphere.  Temperature increases on the scale predicted by the M.I.T. researchers and others would create huge disruptions in our lives and our economy.  As a recent authoritative U.S. government report points out, by the end of this century New Hampshire may have the climate of North Carolina today, Illinois may have the climate of East Texas, and across the country extreme, deadly heat waves – the kind that traditionally occur only once in a generation – may become annual or biannual events.” 

Per habit, Krugman’s claim has been refuted by the actual, real-world evidence to date.  This winter alone, the Great Lakes have experienced the most extensive freezing in decades, and locales across America have endured record cold.  So instead of hot climates migrating northward as Krugman confidently warned, icy climates have been migrating southward. 

Meanwhile, our current streak of the longest recorded stretch without a major hurricane continues.  That contradicts the climate alarmists’ assurances after Hurricane Katrina in 2005 that global warming was part of the cause, and that we must brace for more hurricanes of higher magnitude. 

Since 1998, global temperatures have flattened despite the fact that both developed and developing nations like China and India have emitted exponentially greater amounts of carbon. 

But never mind all of that.  This time, the U.N. and people like Krugman are certain of it. 

And along comes gawker.com commentator Adam Weinstein with his headline “Arrest Climate-Change Deniers.”  Citing precedent in Italy, where six seismologists were convicted of manslaughter following a deadly 2009 earthquake because they wrote, “the situation looks favorable.”  “Attempts to deceive the public on climate change,” Weinstein concludes, “and to consequently block any public policy to tackle it, contribute to roughly 150,000 deaths a year already.”  On that basis, Weinstein demands prison time for high-level “deniers”: 

“Man-made climate change happens.  Man-made climate change kills a lot of people.  It’s going to kill a lot more.  We have laws on the books to punish anyone whose lies contribute to people’s deaths.  It’s time to punish the climate-change liars.” 

Few people descend to the intellectual and moral depths of Weinstein, but there are real-world consequences from climate-change alarmism of the type perpetuated by the likes of the U.N., Al Gore and Paul Krugman.  Innumerable jobs are destroyed right here in America by targeting the coal industry and the Keystone XL pipeline; untold billions of taxpayer dollars are wasted on the likes of Solyndra, and entire industries such as automobile manufacturing are stifled by regulation and even outright prohibition. 

Forty years ago, climate alarmists were predicting widespread death and crop devastation from global cooling.  They were wrong then, and they’re wrong now.  It’s just a matter of containing the costs of their alarmism until they accede to the actual data, or reverse themselves again and go back to global cooling alarmism.   

Question of the Week   
In which one of the following years did Congress first meet in Washington, D.C.?
More Questions
Quote of the Day   
 
"New York Governor Andrew Cuomo called on the federal government to take control of the medical supply market. Illinois Governor J.B. Pritzker demanded that President Trump take charge and said 'precious months' were wasted waiting for federal action. Some critics are even more direct in demanding a federal takeover, including a national quarantine.It is the legal version of panic shopping. Many seem…[more]
 
 
—Jonathan Turley, George Washington University Shapiro Professor of Public Interest Law
— Jonathan Turley, George Washington University Shapiro Professor of Public Interest Law
 
Liberty Poll   

Who is most to blame for the delay in passage of the critical coronavirus economic recovery (or stimulus) bill?