The God Clause

I ran across a piece in Bloomberg Businessweek that is very interesting. The God Clause and the Reinsurance Industry It is a fairly long story but the gist of it is that reinsurer’s, companies that essentially insure insurance companies, have some very sophisticated models for assessing risk but even they are not omniscient when it comes to natural events. The way these companies caegorize risk is interesting in the extreme. Lloyds of London has an entire section of their website devoted to analyzing risk and they annually put out a list of Realistic Disaster Scenarios.   What I found most interesting were the examples in the story of the way … More after the Jump…

China: A Potential or Current Threat?

Jed Babbitt has an excellent piece on RCP today that talks about the potential threat China represents to the US and by implication, the rest of the Western world.China’s Economic Sword.   People have been pointing to the potential threat China poses for at least the past twenty+years and are almost invariably poo-pooed as being unrealistic and that China does not pose a threat to the US they just want to modernize and bring the fruits of that modernization to their own people.   I tend to think that China is indeed a threat and a threat we in the West ignore at our own peril. There are several developments … More after the Jump…

BOOK REVIEW: Civilization: The West and the Rest by Niall Ferguson

I have read several of Niall Ferguson’s books and while I may not always agree with him hi writing style and analysis are always interesting and thought provoking.   Civilization: The West and the Rest is no different.   I have the UK edition of the book, I doubt it is significantly different from the US edition except for the cover, but cannot guarantee it. In this book Dr. Ferguson attempts to analyze and explain why the West, which he defines as European and countries with a European heritage, has prospered so much over the past 500 years and how the West managed to control so much of the globe. … More after the Jump…

The Fall of Qaddafi and the future of the “Arab Spring”

I wrote about the war/action/conflict/kinetic what have you in Libya when it kicked off in March, April, and again in June. With the rebels now storming Tripoli itself and being on the verge of success under the cover of NATO, the question now becomes what will the successor regime look like. I will guess here and say that it will be a notional democracy wit an oligarchy of strongmen in power. They will also make all the right noises to placate the soft-heads in the west and make them feel good about their policy of R2P. It will probably not be long before the new regime starts hunting down Qaddafis … More after the Jump…

The Peace of Augsburg and Modern Germany

The Peace of Augsburg is the settlement between the Holy Roman Emperor and all his princes and nobility that established that the religion of a locality in Imperial Germany will be the same as that of its ruler.   The only two religions allowed were what we today call Lutheranism and Roman Catholicism.   At the Peace every German state and principality had its religion determined. Many people may wonder what the 460 year old Religious Peace of Augsburg has to do with a modern European state.   I did too until recently when I started to think about it.   Let me lay out my train of thought.   … More after the Jump…

A Balanced Budget Amendment

Here is an excellent piece from the CATO Institute on why the US needs a Balanced Budget Amendment.   It includes this awesome graphic illustrating the way our national debt has grown over the last thirty-years.   After looking at that can anyone doubt that America as a nation needs to quit borrowing money and spending it like a drunk sailor on Liberty?  The issue with America, specifically our government, is that they have gotten addicted to spending money we don’t have.   I have said for years that if I ran my personal accounts like the government does theirs I would be in jail for fraud.   It is … More after the Jump…

More Research Needed On Veterans Health Issues

More Research Needed On Veterans Health Issues By: Doug Karr, USN Veteran Operations Desert Storm & Desert Shield The U.S. Census Bureau estimates that there are nearly 25 million veterans currently living in the United States. Nearly $60 billion is spent on federal programs for veterans, according to the U.S. Bureau of Economic Analysis. This is in addition to funding from individual states. Despite such efforts, there are still many health issues facing veterans today. A recent report released by the Senate Veterans’ Affairs Committee shows that many veterans are facing disability and mental health issues. The report states an urgent need for services to deal with such conditions as … More after the Jump…

A Great One from the WSJ

The First Rule of Liberalism: Government failure always justifies more government. That is one of the best lines I have seen in a while. Thanks to the Best of the Web Team at the Wall Street Journal for coming up with it. It is just about as good as Reagan’s famous nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’

Last Shuttle Mission

The last shuttle mission will go up on Friday July 8th. The Mission, STS-135 by Space Shuttle Atlantis will the 135th and final shuttle mission and mark the end of an era at NASA. What is really pathetic is the fact that their is no follow on manned orbiter for the US space program. We, the US, has ceded the lead in space to Russia and China and probably Japan. The president has decreed that henceforth the US will depend on other countries and private companies to put American Astronauts into orbit. That is just pathetic and I cannot understand the logic behind that decision. Everybody should have to observe … More after the Jump…

Dazzle Camo

A Mrs. Nora Holloway from the Military Gear Blog (Opennes Note:  The blog links to an an online store so it could be subtle spam)sent me an email a few days asking me to share an article she wrote concerning the history and possible future use of Dazzle Camoflage on military ships and vehicles.   She posits that perhaps there may be a resurgence in the use of dazzle camo based on recent research showing it is marginally effective in low-tech environments.   Dazzle Camo was used extensivley on ships in WWII but for some reason I highly doubt that it will make a comeback. Painting and repainting military vehicles … More after the Jump…

Interesting Article in Stars and Stripes

I am probably going to get beat up for posting this but here goes anyway. There was an interesting story (attached to the post here) in last Tuesday’s edition of European Stars and Stripes.   It concerned the lack of black heroes in the current wars in Iraq and Afghanistan.   Two of the experts they interview for the article are John Sibley Butler, a Vietnam vet and business professor and Tyrone Williams the COO of the non-profit Black Veterans for Social Justice, Inc.. First off, I question the premise of the article in the first place, it makes out that somehow black soldiers are being discriminated against in the … More after the Jump…

Tilting at Windmills: What the Hell is Obama, NATO, and the West Doing in Libya?

I have been pondering this one for a while now.  What exactly, is the west trying to accomplish in Libya?  I have posted on this before here and here, and I am still puzzled as to what we are trying to accomplish in Libya, protect so-called innocent civilians or topple Qaddafi’s regime? The stated goal of the administration is to protect civilians in line with the UN Security Council resolution # 1973, but the way in which the air campaign is being waged certainly makes it seem as if toppling Qaddafi is the goal of the bombing.  Their were intense air attacks yesterday, and one of his son’s was killed … More after the Jump…

Cyber War – The Threat for a New Generation?

I hope that most people have heard of the stuxnet (Wikipedia, but the best description I have found)worm that supposedly infected and crippled Iran’s illicit nuclear program last year. It is supposedly the new wave of warfare, with faceless hackers in another country sending hordes of worms and viruses to cripple the enemy nation’s electronic infrastructure. The Pentagon has just completed a policy that supposedly says that an act of computer sabotage can be considered an Act of War under certain conditions. I wonder if the threat of cyberwarfare is as dire as it is made out to be? There are several attacks in recent years to draw lessons from. … More after the Jump…

Intriguing question: What happens if Iran develops the bomb?

What happens if Iran develops the bomb? That is a question often asked in the press but never really answered.  A new report from the RAND Corporation seems to suggest that Iran may be in possession of a nuclear warhead within the next eight weeks.  Admittedly, that link is from an Israeli and thus not necessarily objective news source but the original question still stands.  What would the response of the world be to an Iranian announcement that they are now in possession of a nuclear weapon?  I don’t have any great confidence that it would be anything effective.  I foresee much gnashing of teeth in Western capitals, the Chinese … More after the Jump…