The Financial Stability Oversight Council, a US Treasury Dept agency created with the passage of Dodd-Frank, has designated insurance giant Prudential Financial as “too big too fail,” a move that forces the third non-banking institution so designated to undergo additional oversight and stress testing to avoid the kind of financial crisis we endured before. The Pru joins American International Group (better known as AIG) and General Electric Capital Corporation (better known as GE Capital) as non-banks to earn the distinction, and it’s one they don’t want. The FSOC “determined that material financial distress at this company — if it were to occur — could pose a threat to (more…)
September 28, 2013
September 21, 2013
September 14, 2013
The Myth of the 21st Century Catholic
This past Sunday, Raylan Alleman of Fix the Family, wrote a column entitled 6 Reasons (+2) to NOT Send Your Daughter to College. The Editor’s note explaining the title tells you all you need to know about why I’m proud of my secular public education: Editor’s note: The original post was “6 reasons” and 2 were added since (#6 and #8) just in case 6 weren’t enough. [I did not edit that in any way.] The entire post is supposed to be a rational argument for why women should not go to college. It is anything but.
Before I begin telling you about their 6 (+2) reasons and what’s wrong with them, who are Raylan Alleman and Fix the Family? According to their website, they’re Catholics, and they think you can be happily married and Catholic, too. They believe that there is a serious problem in that the Catholic moral teaching on marriage and family, as rock-solid and beautiful as it is, has not reached the faithful. [Here’s a suggestion: (more…)
September 8, 2013
The Bible Is Not Science
David Rives, of David Rives Ministries, was a guest on a program called “Creation Today” just this past Friday, and he made the claim that The Big Bang Theory about the creation of the Universe is “bad science” because it contradicts The Bible. This is literally, of course, complete nonsense. You cannot presuppose that the Bible is 100% accurate simply because it declares itself to be, and then argue that anything that contradicts the Bible cannot possibly be accurate. There is no reason or sense to the claims of the Bible where the creation of the Universe is concerned. Take the stars. (more…)
There Are No Death Panels In The ACA
Yesterday, CNN’s Wolf Blitzer (who was actually born Cow Blitzer) tormented his viewers by hosting retiring Minnesota Representative Michele Bachmann for a discussion on The Patient Protection and Affordable Care Act, commonly known as “Obamacare” by its supporters and “the end of Civilization as we know it” by its detractors. During the conversation (it wasn’t really an “interview” because she pretty much evaded answering just about every single question Blitzer put to her), Bachmann brought up the myth that the ACA has “death panels” in it. And while she also brought up a great number of other lies (I only noticed Blitzer pushing back on one of them, to which she said she would send him the proof; yeah, right), I want to focus on just the one about the death panels. They don’t exist.
Many people (more…)
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