News Story of the Day: Justin Trudeau was officially sworn in as Canada’s Prime Minister this week and introduced his cabinet ministers. From the election campaign until his swearing-in ceremony, he promised gender equality in the cabinets.
Never mind merits or experience. He just wanted to have a 50-50 approach. From the get go, he wanted to select people based on their body parts and not on their supposed expertise. What if he said from the start “I’m going to be looking for a lot of men in my selection process”? Or what if he wanted to tap only Sikhs and Muslims? He would be accused of discrimination.
But since he chose the politically correct route of supposed gender equality, The Chosen One has not received any criticisms, except from the National Post. Aside from that newspaper, everyone’s love affair with Trudeau has continued. And this isn’t just in Canada but elsewhere around the world. In fact, when he was asked about this gender parity in his cabinet, he responded with a whimsical “because it’s 2015.”
He’s right: it’s 2015 so only certain types of discrimination are permitted.
Here’s a question: if he’s so infatuated with gender parity then why aren’t more committees led by women? Also, why is there gender pay inequity? For some reason this has gone unnoticed, but everyone’s new hero can do no wrong in their eyes. They’re likely flustered by his hair. He could be slaughtering babies on Parliament Hill and nobody would bat an eyelash.
Chart of the Day: Education in the United States continues to be one of the biggest costs nationwide. This chart (courtesy of the American Enterprise Institute) suggests that education costs have gone up nearly 1,000 since 1978, more than medical care, home prices and all other items of the consumer price index (CPI).
Illustration of the Day: After last week’s CNBC debate, we got another glimpse into voters’ support for candidates. It was pretty much the same: strong support for Donald Trump and Ben Carson, and less support for everyone else, particularly for Rand Paul, Chris Christie and John Kasich (chart/poll by Reuters).
Quote of the Day: Ludwig von Mises’s “Human Action” is a compelling and detailed read. If there is one economics book then it’s his magnum opus. What’s interesting is that all of the economics books that follow pretty much reiterate what Mises wrote in this book. Anyway, there was a great quote on the rate of interest:
Therefore there cannot be any question of abolishing interest by any institutions, laws, or devices of bank manipulation. He who wants to “abolish” interest will have to induce people to value an apple available in a hundred years no less than a present apple. What can be abolished by laws and decrees is merely the right of the capitalists to receive interest. But such decrees would bring about capital consumption and would very soon throw mankind back into the original state of natural poverty.
Video of the Day: Ugh…daylight savings time… It’s very depressing. Once 5 p.m. rolls around, it’s darkness. In the words of Poe: “…darkness there and nothing more.” This parody trailer should lighten things up.
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