The cash infusion, one week before Californians vote on a measure that would let anyone over 21 grow and possess up to an ounce of marijuana and allow local councils to tax sales of the drug, marks the first major investment by Soros in the mid-term elections. For several years now, the billionaire Soros has been effectively bankrolling the global campaign for the legalisation of drugs through his Open Society organisation. His influence in undermining western understanding of the crucial role of the law in containing the terrible individual and social effects of illegal drugs cannot be overestimated. But this in turn is but one aspect of the... And so what are the figures that have caused all this excitement? Well, between July and September GDP grew by 0.8 per cent. But wait -- the previous quarter showed a rise of 1.2 per cent. So by that measure, the last quarter’s figure wasn’t a rise at all. It was a drop. Or to put...Wednesday, 27th October 2010
The open society and its enemy
10:21am
George Soros has donated $1 million to a campaign to legalise cannabis in California. The Guardianreports (see here for a comment):Conjuring up growth
9:45am
Today’s papers are trumpeting an unexpected surge in Britain’s economy. In place of all the doom and gloom about an economy struggling not to go under, swingeing redundancies, double-dip recessions and the like, suddenly we learn to our amazement that the economy is growing faster than anyone had expected – so fast, indeed, that there are already calls for interest rates to rise. The Treasury looks smug. Government ministers are chortling in relief. The doomsters are made to look foolish.
Wednesday, 27 October 2010
Melanie Phillips.
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