Why is that no European country dared to take on FIFA? Why was it left to the Americans to get involved?
Quote of the day from Swiss criminal proceedings: “it is suspected that irregularities occurred in the allocation of the FIFA World Cups of 2018 and 2022.” You think?
Gloom and doom from Ambrose Evans-Pritchard over at the Telegraph.
Cullen Roche has some important points to make regarding the Efficient Markets Hypothesis.
A professor failed an entire class. This seems to be a fictional story but it serves to illustrate the failure of socialism well:
An economics professor at a local college made a statement that he had never failed a single student before but had recently failed an entire class. That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, “OK, we will have an experiment in this class on Obama’s plan”. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an “A”…. (substituting grades for dollars – something closer to home and more readily understood by all).
After the first test, the grades were averaged and everyone got a “B”. The students who studied hard were upset and the students who studied little were happy.
As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little. The second test average was a “D”! No one was happy.
When the 3rd test rolled around, the new average was an “F”.
As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed.
Human nature will always cause socialism’s style of government to fail because the world has producers and non-producers (makers and takers).
It could not be any simpler than that.
Indian origin kids have dominated the Scripps Spelling Bee winning the last 7 years in a row and 11 of the last 15.
The Economist writes on how Indian immigrants to the United States really stand out relative to other nationalities when it comes to education and income levels.