factoid #:1 "Stocks have declined by 20% within a six-month period for the fourth time in a quarter of a century (1990, 1998, 2000). In the 12-month period following the 1990 and 1998 corrections, stocks rallied by 34% and 39%, respectively." (Doug Kass' blog at TheStreet.com)
factoid #2: The US Air Force is the largest air force in the world. Can you guess the 2nd largest air force in the world?
Answer: the US Navy. (heard on a podcast on Winston Churchill.)
Maybe we're spending a bit too much on defense.....
Welcome to CogentPassion - Official Blog of Tim Gallagher - opinion and commentary on things that I feel passionate about, though I promise not to spout off without a good basis in reality. Favorite topics for commentary are economics and politics from a Libertarian p.o.v., and notes from a baseball-playing, self-improving, travel-loving Charlottesville resident. CogentPassion is proudly banned in China (as are all blogs.)
Omakase
Thursday, March 27, 2008
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Uncommon Man's Creed
"I do not choose to be a common man. It is my right to be uncommon -- if I can. I seek opportunity -- not security. I do not wish to be a kept citizen, humbled and dulled by having the state look after me. I wish to take the calculated risk; to dream and to build, to fail and to succeed. I refuse to barter incentive for a dole, I prefer the challenges of life to the guaranteed existence; the thrill of fulfillment to the stale calm of utopia. I will not trade freedom for beneficence, nor my dignity for a handout. I will never cower before any master, nor bend to any threat. It is my heritage to stand erect, proud, and unafraid, to think and act for myself, to enjoy the benefit of my creations, and to face the world boldly and say, "this I have done." All this is what it means to be an American." -- Anonymous
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