By Jonathan Schlefer (Harvard Review) Adam Smith suggested the invisible hand in an otherwise obscure passage in his Inquiry Into the Nature and Causes of the Wealth of Nations in 1776. He mentioned it only once in the book, while he repeatedly noted situations where “natural liberty” does not work. Let banks charge much more than 5% interest, and they will lend to “prodigals and projectors,” precipitating bubbles and crashes. Let “people of the same trade” meet, and their conversation turns to “some contrivance to raise prices.” Let market competition continue to drive the division of labor, and it produces workers as “stupid and ignorant as it is possible for a human creature to become.”

via There Is No Invisible Hand – Jonathan Schlefer – Harvard Business Review.

 April 15, 2012  Posted by at 8:54 am No Responses »
 

By Jillian Rayfield (TPM) Before you can join the Laurens County Republican Party in South Carolina and get on the primary ballot, they ask that you pledge that you’ve never ever had pre-marital sex — and that you will never ever look at porn again.

via SC County GOP: If You’ve Had Pre-Marital Sex, You Can’t Be A Republican | TPMMuckraker.

 March 7, 2012  Posted by at 11:10 am No Responses »
 

(NY Daily News) A Zimbabwe teenager has been sentenced to caning as physical punishment for a rude Facebook post, an African court ruled.

The 17-year-old reportedly took a photo of a woman with his cell phone camera, posted it on the social networking website and called her a prostitute in the caption, according to The Herald Newspaper.

via African teenager to be caned over offensive Facebook post in which he called a woman a prostitute – NY Daily News.

 March 7, 2012  Posted by at 9:38 am No Responses »
 

By Sharon Kyle (LA Progressive)  I have this gnawing sense that with the exception of official national holidays, the only time our nation honors people with a special day or month is when they are members of an exploited group. I’m sure I’ll get some feedback on this and I welcome it. But Secretaries’ Day comes to mind.

via Black History Month, Who Needs It? | LA Progressive.

 March 2, 2012  Posted by at 8:49 am No Responses »
 

By Andrew Hough (Daily Telegraph) The junior officer, who has not been named, was monitoring an area hit by a series of burglaries in an unnamed market town in the country’s south.

As the probationary officer from Sussex Police searched for suspects, the camera operator radioed that he had seen someone “acting suspiciously” in the area.

But he failed to realise that it was actually the plain-clothed officer he was watching on the screen, according to details leaked to an industry magazine.

The operator directed the officer, who was on foot patrol, as he followed the “suspect” on camera last month, telling his colleague on the ground that he was “hot on his heels”.

The officer spent around 20 minutes giving chase before a sergeant came into the CCTV

The details of the operation blunder were leaked to Police magazine, which is published by the Police Federation, this week by a senior officer who witnessed the embarrassing incident.

Sussex police were unable to provide further details of the incident, the officers involved or where it occurred.

via CCTV police officer ‘chased himself’ after being mistaken for burglar

 February 14, 2012  Posted by at 5:21 pm No Responses »
 

Woman Who Made Fun Of American Apparel Contest Wins, American Apparel Act Like A Bunch Of BabiesBy Gavon Laessig (BuzzFeed) Nancy Upton, the gorgeous prankster who satirized American Apparel’s condescending search for a plus-sized model with smutty and silly overindulgence photos, actually won the online contest! Then American Apparel acted all American Apparel and wouldn’t recognize her victory, even though she had far and away the most votes. Here are some more of the photos that lampooned the contest and won the hearts of online voters.

via Woman Who Made Fun Of American Apparel Contest Wins, American Apparel Act Like A Bunch Of Babies.

 February 1, 2012  Posted by at 5:31 pm No Responses »
 

Rumors Of Extramarital Affair End Campaign Of Presidential Candidate Who Didn’t Know China Has Nuclear Weapons

via Rumors Of Extramarital Affair End Campaign Of Presidential Candidate Who Didn’t Know China Has Nuclear Weapons | The Onion – America’s Finest News Source.

 December 3, 2011  Posted by at 8:32 pm No Responses »
 

Anti-piracy group BREIN is caught up in a huge copyright scandal in the Netherlands. A musician who composed a track for use at a local film festival later found it being used without permission in an anti-piracy campaign. He is now claiming at least a million euros for the unauthorized distribution of his work on DVDs. To make matters even worse, a board member of a royalty collection agency offered to to help the composer to recoup the money, but only if he received 33% of the loot.

via Copyright Corruption Scandal Surrounds Anti-Piracy Campaign | TorrentFreak.

 December 2, 2011  Posted by at 11:59 am No Responses »
 

(MSNBC) For a fee of $5 for members and $10 for non-members, the Scottsdale Gun Club in Arizona will arrange a Yuletide photo op with Santa and a selection of automatic weapons valued at $170,000.

via U.S. News – Ariz. gun club offers Santa shoot.

 November 30, 2011  Posted by at 11:56 am No Responses »
 

 

Costco's 'Mini-Piglet'

By Curtis Cartier (Seattle Weekly) Feast your eyes on the Mini Piglet! This pressure-formed pig-shaped pork monstrosity is a revolution in culinary alliteration (looks and tastes like the animal it began as). And it’s on sale at Costco right now!

via ‘Mini Piglet’ Is Costco’s Most Horrid Meat Abomination – Seattle News – The Daily Weekly.

 November 11, 2011  Posted by at 9:10 am No Responses »