June 1, 2007

She’s Right — And Her Newspaper Is, and Has Been, Wrong (Includes Rerun of WSJ’s 1984 ‘There Shall Be Open Borders’ Editorial)

2:00 p.m. – This post has been carried to the top for the rest of the day because of the interest it has generated.

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Peggy Noonan:

What political conservatives and on-the-ground Republicans must understand at this point is that they are not breaking with the White House on immigration. They are not resisting, fighting and thereby setting down a historical marker–”At this point the break became final.” That’s not what’s happening. What conservatives and Republicans must recognize is that the White House has broken with them.

….. For almost three years, arguably longer, conservative Bush supporters have felt like sufferers of battered wife syndrome. You don’t like endless gushing spending, the kind that assumes a high and unstoppable affluence will always exist, and the tax receipts will always flow in? Too bad! You don’t like expanding governmental authority and power? Too bad. You think the war was wrong or is wrong? Too bad.

But on immigration it has changed from “Too bad” to “You’re bad.”

….. Now conservatives and Republicans are going to have to win back their party. They are going to have to break from those who have already broken from them. This will require courage, serious thinking and an ability to do what psychologists used to call letting go. This will be painful, but it’s time. It’s more than time.

I can’t help but wonder if this is one of Noonan’s final columns in the Wall Street “There Shall Be Open Borders” Journal.

Speaking of which, I obtained from the ProQuest library database the original July 3, 1984 Wall Street Journal “There Shall Be Open Borders” editorial, and have stored it at my web host for fair use and discussion purposes only. It’s also reproduced below the fold if you’re on the home page.

How inspiring and idealistic it seemed at the time. How naive, simplistic, and dangerous it is and, in retrospect, has always been. Also note how history has proven the Journal oh-so-wrong about Europe’s ultimate failure to control its invading horde.

For 23 years now, the Journal has refused to recognize the dangers of first a few million, then over 10 million, now 12-20 million, and if they get their way (who knows?) perhaps 40 million more illegal people in our midst — many if not most of whom are, at best, NOT interested in assimilation, and some of whom are, and will continue to be, working day and night on our destruction.

The editorialists at the Journal have, as far as I can recall, never budged an inch from “There Shall Be Open Borders.” It’s clear that no amount of reality will cause them to get a grip.

Click “more” if you are on the home page to see the 1984 editorial.
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ISM’s May Manufacturing Report Rocks On

Filed under: Biz Weak,Business Moves,Economy — Tom @ 10:05 am

Always accentuating even the slightly and/or potentially negative, here’s what AP, in an unbylined article at Biz Weak’s site, had to say about the impending Institute for Supply Management Manufacturing Index for May earlier this morning:

Wall Street is not anticipating signs of more robust U.S. economic growth when an index of May manufacturing activity is released Friday.

Economists expect the Institute for Supply Management’s May manufacturing index, scheduled for release at 10 a.m. EDT, to decline to 54, from a 54.7 reading in April, according to Thomson Financial. A figure above 50 indicates the manufacturing sector is expanding.

FXstreet.com also said expectations were for a reading of 54.

It came in at 55.0, going up a bit instead of down. Ahem, AP — That would be a sign of (slightly) “more robust economic growth.”

The index is on the verge of some impressive records. Stay tuned in coming months.

The May Employment Report (to Be Updated When Released)

Filed under: Economy,MSM Biz/Other Bias,Taxes & Government — Tom @ 8:49 am

The Bureau of Labor Statistics will release the Employment Situation report for May at 8:30 this morning.

Predictions and Precursors:

  • The ADP National Employment Report came in Wednesday with an estimate of 97,000 nonfarm private jobs created.
  • Talk about hedging, despite the headline (“May payrolls likely to disappoint”), here’s FX Street: “Looking to the May report, the market expects a gain of 135,000, with the range of estimates between 45,000 and 224,000 (180,000 if the outlier is taken out). We put the risks for a number below 100 000.”
  • This report says that “economists are forecasting will show the US economy created 140,000 new jobs last month.”

Actuals (BLS Link):

  • Unemployment — 4.5%, unchanged
  • Jobs added in May — 157,000
  • Revisions to previous months — March, -2,000 (177,000 to 175,000); April, -8,000 (from 88,000 to 80,000)
  • Net Additions, including previous month revisions — 147,000 (157-8-2)

Quick Take: — Pretty decent, and pretty much in line with what was expected. Revisions to previous months, which have been upward, sometimes significantly, in BLS reports for most of the last two years, have been down by single-digit amount for two months in a row. Maybe the initial reports are getting better.

Press reax: Anything I might say about press coverage will come tomorrow, though I find the CNN e-mail about the announcement startling:

The U.S. added 157,000 jobs in May, beating estimates. Weak April number revised down to 80,000. Key inflation gauge rises.

Geez, April’s downward revision was only 8,000. The e-mail alerts have NEVER talked about prior month revisions when they’ve been upward and several times larger.

Couldn’t Help But Notice (060107)

Filed under: Economy,Environment,Taxes & Government — Tom @ 6:10 am

This is creepy (HT Instapundit):

(Apple iTunes) songs sold without DRM still have a user’s full name and account e-mail embedded in them, which means that dropping that new DRM-free song on your favorite P2P network could come back to bite you.

My uneducated guess is that, eventually, Apple won’t let you play a DRM-free song on iTunes unless it’s on an iPod or you’re connected to the Internet — and if you are, they’ll know you played it. If someone else is playing “your” song bought DRM-free, they’ll know that too.

Like I said, creepy.

June 3: More here (HT Drudge) — info included apparently includes the purchaser’s e-mail account. And “The Electronic Freedom Foundation, the online consumer rights group, added that it had identified a large amount of additional unaccounted-for information in iTunes files. It said it was possible that the data could be used to ‘watermark’ tracks so that the original purchaser could be tracked down were a track to appear on a file-sharing network.”
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Yesterday was one of “unexpecteds” in the e-mail in-box from CNN (links to related stories found by me):

  • “U.S. construction spending surprisingly edged up 0.1 percent in April. Analysts had expected no change.” (A 0.1% difference is a surprise? The bigger news was that March was revised up to 0.6% from its original 0.2%. — Ed.)
  • Oil price off its lows as crude supply surprisingly falls by 2 million barrels. Gasoline stocks up by 1.3 million barrels, in line.” (Oil supplies go up and down. Who knew? — Ed.)
  • Chicago manufacturing activity increases more than expected. Employment highest since April 2005.” (But this was NOT a “surprise”? It went from a decent 52.9 in April to a sizzling 61.7 in May. This bodes well for the ISM Manufacturing Index coming out later this morning.)

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This “medical miracle” is NOT a BizzyBlog Positivity Post.

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This unusually sunny CNN e-mail from Tuesday was a bit over the top:

April consumer confidence jumps despite higher gas prices and falling home values, coming in well above forecasts.

I’m all for optimism, but that was before the gas-price hikes really hit hard. If past form holds, confidence will drop a bunch in May. Update: Well, not so far. From a CNN e-mail today (link to late morning post added by me) — “Consumer sentiment rose in May as U.S. manufacturing activity increased; both readings beat forecasts..”
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When you read reports like Michelle Malkin’s on NWA Flight 327 in 2004, complete with bureaucratic bungling and fecklessness, you start thinking that it’s a miracle that there hasn’t been another “successful” mass terror attack in the US since 9/11.

Update, 9:15 a.m.: Read Patterico’s related post about one air marshal’s belief that Flight 327 was a terrorist dry run, and that feeling gets reinforced.

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You won’t get the following from a US paper or wire service about the phony globaloney discussions going on over whether to come up with some new version of the not just merely dead, but most sincerely dead Kyoto Treaty:

(HTs for all to CCnet’s Daily e-mails)

It emerged that it was not only the United States that was posting strong objections to the wording of the communique, but Russia as well, while India and China had also expressed their own reservations.

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(original apparently in German, as it couldn’t be found in a search)

There are growing signs that it is not the United States that is isolated on international climate politics, but the Europeans. Apparently, neither the Americans, nor China, nor India, and possibly not even Russia, are swinging in behind Europe’s position.
–Winand von Petersdorff, Frankfurter Allgemeine Zeitung, 27 May 2007

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Poles, Czechs to appeal EU ruling cutting carbon emissions

(WARSAW) – Poland and the Czech Republic said Friday they would appeal an EU decision sharply cutting their carbon dioxide emission quotas for 2008-2012 for industries with high energy consumption.

The two former members of the Soviet bloc, now both in the EU, decided to follow their fellow EU member Slovakia, which announced in February it would appeal to the European Court of Justice against the ruling.

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Japan rebuffs EU on Kyoto pact

EU efforts to speed action on climate change took a blow on Tuesday when Japan refused to follow the EU line on how to establish a new international regime once the Kyoto Protocol expires in 2012. Japan said it could not accept a 2009 target, saying big polluters such as the United States, China and India should be included before any such target was set.

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Pelosi non-committal on US climate stance for G8 summit

(AFP) US House of Representatives leader Nancy Pelosi refused here Monday to be drawn on whether the United States would back Germany’s strong position on climate change at next week’s G8 summit.

It would appear that being Poseur Pelosi is so much easier. Usurping Administration policy wasn’t quite as problematic when it came time to visit Syria, was it?

When you see what’s going with the real climate, you realize that there’s “snow” use taking these talks seriously.

REALLY Dumb Quote of the Day: ‘Wonderland?’ Try La-la Land

Daniel Henninger, in the second-last paragraph of his “Wonderland” column at OpinionJournal.com yesterday:

The massive migrant flows across the states described earlier–into the private industries of construction, restaurants, agriculture, food-packaging, hotels, health and landscaping–is irrefutably the result of powerful, lava-like free-market economic forces.

“Somehow” this sentence wasn’t included in what Mr. Henninger wrote: “These ‘market forces,’ allowed to run roughshod over ignorant notions of national sovreignty by a deliberate two-decade policy of fitful to non-existent border and immigration-law enforcement, has caused a lava-like destruction of our common culture and national cohesion to spread throughout the land.”

Positivity: Third-grader saves brother, 2, from going under truck

Filed under: Positivity — Tom @ 6:00 am

From Utica, NY (HT Good News Blog):

Utica girl ‘hero’ after accident
May 31, 2007

UTICA — A third-grader at Albany Street Elementary is being called a hero after she put herself in the path of an oncoming truck to save her brother’s life Tuesday evening.

Madison Yesford, 8, is in the pediatric intensive care unit at University Hospital in Syracuse, her mother, Jennifer Clive, said Wednesday.

Clive’s son, Matthew, 2, is in fair condition at the hospital and only suffered a few minor injuries, she said.

“I’m so proud of her,” Clive said. “She’s our hero.”

Go here for the rest of the story.