Rating agencies gave AAA ratings for junk financial instruments, out of financial conflict of interest. Still they remain unpunished. The stupidity here is a system where greedy incompetence is rewarded and not kept in check by law.
The sheer fraud and greed of rating agency analysts and executives is staggering. That no one has gone to jail, and none of the agencies have been shut down is a travesty of justice on an infinitely larger scale than Bernie Madoff’s Ponzi scheme. Until depositors, bankers and investors regain confidence in the quality of ratings we rely upon to measure financial stability and creditworthiness, the tremors that underlie the credit crisis will drag on indefinitely. […]
The problem with the business of rating the issuers of securities, and rating the securities they issue – such as mortgage-backed securities and collateralized mortgage-backed obligations – is that the rating agencies are paid by the issuers to rate them. Objectivity aside, ratings firms are in business not to rate but to make money for themselves by rating issuers and their securities. It’s like all the contestants in the Miss World pageant paying the judges with country funds … who’s not going to be judged beautiful?
“Intelligent design” or “scientific” creationism are buzzwords created by religious fundamentalists, with the agenda to put content of 2000 year old religious books into our children’s school science curriculum.
Dawkins just takes apart all the religous arguments, shreds them into pieces. Watch the video “the purpose of purpose”.
pretty shocking topics: from animal rights not to be eaten and slaughtered to “abortion” rights until after birth, mercy killings of babies that get born severely damages.
Singer thinks topics to the end. His main philosopy is minimizing suffering, creating the maximum of happiness. So there is a consistency in his thoughts that one should not kill poor cows, but severely crippled infants should be killed out of mercy.
Political correctness going overboard. It just so happens that suicide bombers rarely are blonde white old ladies. But it violates civil rights when black, Arab or Asian muslim males are singled out as terrorist subjects.
He accused the police of wasting time and money by carrying out “self-evidently unmerited searches”, which were also an invasion of civil liberties. The searches, for example, of blonde women who fit no terrorist profile came against a backdrop of complaints from rights groups that the number of black and Muslim people being stopped and searched by police was disproportionate.
Lord Carlile said that police were stopping white people unjustifiably so that official figures would make it look as if they were not singling out black and Asian people under Section 44 of the Terrorism Act 2000. “No police officer has admitted that to me, but I believe that is the case,” he told The Times.
Of course, there is another human rights problem. The problem of innocent white subjects being searched purely for statistical reasons, in spite of not fitting any statistic pattern for terrorists Just for political correctness. That is a violation of their civil rights. Wait, there is more! This article continues! More about politically correct racially balanced terrorist searches » UK: Police stop and search innocent white people to balance race f… » continues here »
European jails look like a luxury resort to arrested Somali Pirates. After their jail term they can not be sent back against their will, instead pirates want to request asylum and then bring their families over. Exactly the kind of immigrants a country needs!
Human Rights, when overdone as a inflexible dogma, encourage crime.
Somali pirates embrace capture as route to Europe
Pirates captured after attacking a Dutch vessel have gone on trial in the liberal Netherlands and at least two of them have declared their intention to stay on as residents.
Geert-Jan Knoops, an international criminal law attorney and professor at the Royal University of Utrecht, has suggested that the Dutch trial might encourage pirates to surrender just in order to seek a better life in Western countries. [ . . . ]
“Life is good here,” said one of the defendants, named Sayid, about his experience in a Dutch jail.
[ . . . ]
“My client feels safe here. His own village is dominated by poverty and sharia [Islamic law] but here he has good food and can play football and watch television. He thinks the lavatory in his cell is fantastic,” he said.
Mr Ausma has told the Somali that he will be considered for a residence permit after serving his sentence, expected to be a maximum of four years in prison.
“He intends to send for his wife and children as soon as he is released from prison. He knows he cannot easily be sent back to Somalia. He loves it here in the Netherlands,” Mr Ausma told the NRC Handelsblad newspaper.
As child abuse experts point out, about 50 children are reported kidnapped and raped or murdered by strangers annually, compared to more than 3,000 children murdered by parents and other family members in non-sexual cases.
Most sex offenders, says one therapist who works with sex offenders in a state prison system, are “Gentle grandfathers who made one mistake in judgment years ago and fondled their grandchild.
At issue her is:
Legal punishment for sexual “crimes” against minors is a modern witch hunt.
Totally out of proportion to damage caused by it.
Purposeful confounding of criminal violent sexual crime against minors nearly or totally harmless fondling or consensual sexual acts
any reasonable open-minded unbiased discussion or scientific analysis of the issue regarding underage sexuality is totally shunned, repressed, ignored, prohibited.