June 25th 2011


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Articles from this issue:

EDITORIAL: Indonesian cattle export ban: a gesture of futility

CANBERRA OBSERVED: Who might succeed Julia Gillard?

TAXATION: Canberra must abandon the mineral tax

FAMILY LAW I: How widespread are false allegations of abuse?

FAMILY LAW II: Creating another stolen generation?

MEDIA: The other side of the Indonesian cattle story

AS THE WORLD TURNS: Swindling America's youth

ECONOMIC AFFAIRS: China's growth is unsustainable

FOREIGN AFFAIRS: Why Portuguese voters punished spendthrift Government

EUROPE: Germany to demand high price for saving Greece

VICTORIA: Coalition pledge to restore freedom of religion

CHILDHOOD I: Can self-regulation curb sexualised advertising?

CHILDHOOD II: Radical agenda for "transgendering" our children

EUTHANASIA: Death of euthanasia practitioner

OPINION: Security checks in a time of terrorism

VIETNAM WAR: Australian heroism at Battle of Long Tan

BOOK REVIEW: What happens when adolescents refuse to be educated?

BOOK REVIEW Progressive conservatism

Books promotion page

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AS THE WORLD TURNS:
Swindling America's youth




News Weekly, June 25, 2011

Swindling America’s youth

My generation should be ashamed of what we have done to younger Americans…. We have placed them in bondage to the most massive debts in world history. We have led these innocent lambs to a financial slaughterhouse.

To add insult to injury, we show our lack of regard for the young by regarding them as second-class citizens in bankruptcy law.

A middle-aged businessman with decades of experience can make mistakes and be relieved of his debt burden by a bankruptcy judge.

By contrast, a naïve, inexperienced teenager, who borrows money for college, then can’t earn enough to pay back all the loans, is stuck for life, because college loans, unlike business loans, are not eligible for forgiveness via bankruptcy.

The overall, unspoken message is clear: The youth are our society’s indentured servants, in permanent debt servitude to their elders.

Extract from Mark W. Hendrickson, “Swindling America’s youth”, The Center for Vision & Values (Grove City College, Pennsylvania), June 9, 2011.
URL: www.visionandvalues.org/2011/06/swindling-america-s-youth/

 

Sleepwalking into financial calamity

A financial bomb dropped on Friday, but it seemed like nobody noticed.… China’s U.S. Treasury bill holdings dropped by 97 per cent.…

Americais in big trouble and a lot of people know it. Yet, we sleepwalk through the valley of financial calamity as Congress duels over paltry solutions, and the Federal Reserve floods our collapsing economic veins with monetary morphine dulling our reaction to calamitous financial news.

Extract from Lee Wishing, “Sleepwalking through the valley of financial calamity”, World magazine (Asheville, North Carolina), June 6, 2011.
URL: http://online.worldmag.com/2011/06/06/sleepwalking-through-the-valley-of-financial-calamity/

 

UKpolice “covered up” violent campaign to turn London area “Islamic”

Police have been accused of “covering up” a campaign of abuse, threats and violence aimed at “Islamicising” an area of London.

Victims say that officers in the borough of Tower Hamlets have ignored or downplayed outbreaks of hate crime, and suppressed evidence implicating Muslims in them, because they fear being accused of racism.

The Sunday Telegraph has uncovered more than a dozen ... cases in Tower Hamlets where both Muslims and non-Muslims have been threatened or beaten for behaviour deemed to breach fundamentalist “Islamic norms”.

One victim, Mohammed Monzur Rahman, said he was left partially blind and with a dislocated shoulder after being attacked by a mob in Cannon Street Road, Shadwell, for smoking during the Muslim holy month of Ramadan last year.

“He reported it to the police and they just said they couldn’t track anyone down and there were no witnesses,” said Ansar Ahmed Ullah, a local anti-extremism campaigner who has advised Mr Rahman. “But there is CCTV in that street and it is lined with shops and people.”

Extract from Andrew Gilligan, “Police ‘covered up’ violent campaign to turn London area ‘Islamic’”, The Telegraph (UK), June 12, 2011.
URL: www.telegraph.co.uk/news/uknews/law-and-order/8570506/Police-covered-up-violent-campaign-to-turn-London-area-Islamic.html

 

I read the Koran every day: Tony Blair

Former British PM Tony Blair, who converted to Catholicism months after leaving Number 10, has now spoken of how he reads the Koran every day.

Reading the Islamic religion’s holy book — considered by Muslims to be the exact words of God — ensured he remained “faith-literate”, the former Labour leader said.

In an interview with the Observer magazine, published yesterday he said: “To be faith-literate is crucial in a globalised world, I believe. …

“I read the Qur’an [Koran] every day. Partly to understand some of the things happening in the world, but mainly just because it is immensely instructive.”

Mr Blair has previously praised the Muslim faith as “beautiful” and said the Prophet Mohammed had been “an enormously civilising force”.

In 2006 he said the Koran was a “reforming book, it is inclusive. It extols science and knowledge and abhors superstition. It is practical and way ahead of its time in attitudes to marriage, women and governance”.

Extract from Ian Drury, “I read the Koran every day, says former prime minister Tony Blair who claims it keeps him ‘faith-literate’”, Daily Mail (UK), June 13, 2011.
URL: www.dailymail.co.uk/news/article-2002883/Tony-Blair-reads-Koran-day-stay-faith-literate.html




























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