An Investor’s Business Daily editorial on Friday confirmed a couple of items which seemed intuitively obvious but which I didn’t prove on Thursday in my post (at NewsBusters; at BizzyBlog) about the Department of Labor’s outrageous decision to grant unionized workers at now-liquidating Hostess Bakeries “Trade Adjustment Assistance” (TAA).
The first is that it will cost a lot of money, totaling an amount which appears to have a chance to come within striking distance of about half of the annual profits in the entire commercial baking industry. The second is that there is little if any evidence supporting DOL’s finding that imports have seriously harmed the industry. Excerpts from that editorial (do read the whole blood-boiling thing), followed by a bit of analysis by yours truly, follow the jump.
BizzyBlog’s regular theme stopped working early this morning. I’ve reverted to a “WordPress classic” theme until that gets fixed.
UPDATE: Murphy’s Law in a good sense — it came back within minutes after I put up this post after being down for an hour for no apparent reason.
You’ve got to hand it to the headline writers at the Associated Press, aka the Administration’s Press. They sure know how to abuse their power to shape public perceptions.
The headline at Martin Crutsinger’s report this morning on projected economic growth for 2013, which the wire service is treating as this morning’s “Big Story,” reads: “ECONOMISTS PREDICTING MODERATE GROWTH IN 2013.” Many people using computers, tablets and smartphones will see that headline, conclude that the economy’s not so bad, and move on without clicking through. Too bad Crutsinger’s first two paragraphs directly contradict that headline.
Rules are here. Possible comment fodder may follow later. Other topics are also fair game.
From Pasadena, California:
Feb 24, 2013 / 04:03 pm
Pope Benedict has been a leader devoted to ecumenical efforts, according to a professor of Christian history and ecumenism at Fuller Theological Seminary, a Protestant school in Pasadena, Calif.
“I have appreciated his commitment to ecumenism,” Cecil M. Robeck, Jr., who is also a minister in the Assemblies of God, an ecclesial community in the Pentecostal tradition, told CNA Feb. 19.
Robeck participated in the third inter-faith gathering at Assisi with Pope Benedict in 2011, and corresponded with him when he was still prefect of the Congregation for the Doctrine of the Faith.
After the warmth of John Paul II’s pontificate, Robeck said there was some apprehension in the Protestant world that Pope Benedict might not “carry on in the way John Paul had.”
Yet Pope Benedict “pretty much set everybody at ease by re-committing himself” to ecumenical efforts, Robeck said. He reported that in a July 2011 Pope Benedict greeted a Pentecostal group during an outdoor address, which “for me was a very affirming kind of thing.”