August 9, 2006 
Vol. 2, No. 12
 

Also in this issue:

Appeasing unions
at McCarran airport

NTU: Only taxpayer hero
from Nevada: John Ensign

Vegas condo
conversions cooling

Union officials revert
to form, focus on politics

Northeastern governors
worry over nuke deal

NEA financing foes of
No Child Left Behind law

Commentary:

Sudden jihad
syndrome in Seattle

Despite the Fed pause,
the trend is down

The freedom to reject the best

Apocalyptic August 22

Terrorists
Sudden jihad syndrome in Seattle

By Daniel Pipes
New York Sun

At about 4 p.m. on July 28, on the eve of the Jewish sabbath, a Muslim terrorist of Pakistani origins named Naveed Afzal Haq forced a 14-year-old girl to get him into the Jewish Federation of Greater Seattle building by holding a gun to her back. He then pulled out the two large-caliber semi-automatic pistols he had just purchased and went on a murderous rampage. Mr. Haq killed one woman, Pam Waechter, 58, an assistant director at the federation, and injured five others, one of whom was 17 weeks pregnant.

[continued]

Despite the
Fed pause, the
trend is down

Our big economic problems are getting worse

By Bill Fleckenstein
MSM Money

For the last week or so, I've vacillated between which of my two opposing views was right. Here is how I described the first one, in my daily column of July 19:

"I have been reducing my short exposure in the last couple days, due to my fears of a combined Fed-is-done and no-news-period rally. The fact that so many people have been terrified by the only thing they should not fear, i.e., the Fed, made me very uncomfortable being short."

Then, I changed my mind a few days later, thinking that the tape was so weak that my former view wasn't going to matter. To quote last week's Contrarian: "In my opinion, the recent action suggests an inflection point, whereby economic weakness and disappointments are getting the upper hand."

[continued]

Liberty
The freedom to reject the best

By Jim Fedayko
Ludwig von
Mises Institute

A new study suggests that private schools are not inherently better than public schools. Surprised? Enough people were such that the study, funded by the US Department of Education, has created a stir in the education arena, as well as in the national news. But I want to argue that the results are meaningless, and for reasons not having to do with the methodology employed in the study.

[continued]

Genocide
August 22

By Bernard Lewis
Wall Street Journal

During the Cold War, both sides possessed weapons of mass destruction, but neither side used them, deterred by what was known as MAD, mutual assured destruction. Similar constraints have no doubt prevented their use in the confrontation between India and Pakistan. In our own day a new such confrontation seems to be looming between a nuclear-armed Iran and its favorite enemies, named by the late Ayatollah Khomeini as the Great Satan and the Little Satan, i.e., the United States and Israel. Against the U.S. the bombs might be delivered by terrorists, a method having the advantage of bearing no return address. Against Israel, the target is small enough to attempt obliteration by direct bombardment.

[continued] This article will be available to non-subscribers of the Online Journal for up to seven days after it is e-mailed.

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