North Korea Launches Rocket

At no real surprise to anyone, North Korea has launched a long-range missile. They claim it was a successful attempt to launch a propaganda satellite into orbit. There has been no evidence that a satellite made it into orbit.

This launch is in direct defiance of a 2006 UN Resolution barring North Korea from developing ballistic missiles. The UN is holding an emergency session to come up with any possible response, however China and Russia have jumped to the defense of North Korea saying that no punishment or action is needed.

North Korea lost its financial support from South Korea when President Lee Myung-bak was elected in 2008. North Korea has little leverage left to get aid now aside from their missle and nuclear programs. They offer to stop development in return for aid and, like a tempermental child, flaunt their defiance when they don’t get their way. It will be interesting to see how the Obama administration responds.

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Posted under Foreign Affairs

Written by admin on April 5, 2009

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A Bit Offtopic But…

Came across this youtube video and the data it presents is pretty amazing. The world is changing fast and that change keeps accelerating. It just goes to show how important it is that we elect competent leadership every election. At the rate things change I can’t begin to fathom what the world will be like when my children reach my age!

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Posted under Misc

Written by admin on April 3, 2009

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$3.6 Trillion Budget Approved

Brietbart reports that the House and Senate have passed $3.6 Trillion budget bills. These bills will have to be reconsiled, but the two bills appear to be very similar. Next  year alone, each of these bills will create $1.2 Trillion of debt.

Nancy Pelosi is quote as saying “we have come here to make a difference.” I suppose a record increase in debt could be considered a differece. Adding taxes on those who create jobs during a floundering economy is another difference. It seems that change for change’s sake trumps change for the betterment of the country with the current leadership. These budgets are a move towards more Government spending, more generational debt, and handcuffing job growth.

On a positive note, chairities can breathe a sigh of relief as the Senate denied the option of cutting tax breaks on donations to charity.

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Posted under Economy

Written by admin on April 3, 2009

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Trivial Coverage of Obama’s Trip

It’s hard to say if it was design by the Obama team but coverage so-far of the trip to Great Brittan is weak to say the least. Contrary to Bush, who used to schedule events to co-incide with U.S. morning shows, Obama started his day at 5:15AM Eastern. Nearly every event banned news cameras, including his visit with the Queen.

On a side note, at least Obama learned a little from his ill-fated gift to the Prime Minister. He loaded an iPod with a video and photographs from the Queen’s 2007 United States visit. On the good side, at least the Queen can watch the video. On the bad side, the Queen already has an iPod.

At least the G20 protests may give news crews following Obama may have something to do, even if Obama won’t let them cover him.

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Posted under Foreign Affairs

Written by admin on April 1, 2009

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Job Losses Turning Ugly in Auto Industry

Job workers brawled in western Michigan today as the auto industry continues in its death throws. Meanwhile, the Obama administration pushed plans to use bankruptcy filings for GM and Chrysler to free the companies of their retiree entitlements. The plan seems to be to see Chrysler sold to Fiat and GM re-formed under additional Government loans. Meanwhile the job losses continue to mount with no end in sight.

Update: Youtube link is dead, but there’s a video from the news station available here.

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Posted under Economy

Written by admin on March 30, 2009

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