Top academic warns of collapse of European economy

From the SA Times Live web site – top academic warns of economic collapse in Europe. (H/T Mary)

Excerpt:

Dennis Lachman, a professor in economics at Georgetown University and a resident fellow at the American Enterprise Institute for Public Policy Research, said at a conference on monetary policy and financial stability at the Reserve Bank on Thursday he has little doubt about this.

“The only question is how long the governments in the northern part of Europe can keep kicking the can forward by financing a trillion dollars here and a trillion dollars there to keep the party going for a little bit longer.

“We are talking about a currency arrangement that was flawed from the start.”

Lachman said the default of Greece or Ireland by the end of next year was another certainty.

“The important thing is that we are not talking about problems only in Europe’s periphery; we are talking about problems in the European banking system.

“Their inter-linkages with the European banking system makes this of concern. It is not only for the European economy, but what we have learned from the Lehman (Brothers) debacle and the sub-prime debacle is that these kinds of crises have a habit of being global in scope.”

Lachman said at the end of 2009 the exposure of French banks to the so-called PIIGS countries (Portugal, Ireland, Italy, Greece and Spain,) was around 37% of France’s gross domestic product. For Germany the exposure is 21% of GDP.

A write down of the debt of these countries would thus result in a shock for economies that haven’t fully adjusted to the Lehman shock, he said.

A euro crisis would coincide with the US economy either double-dipping or flirting with a double-dip, Lachman said.

I found two related videos on Verum Serum.

Austerity measures:

Rioting in Ireland:

The good news is that Americans have voted to avoid this dismal fate by electing Republicans. But we’re not out of the woods yet. But it’s definitely a good time to reduce your spending and start saving for a rainy day, and making a plan.

I’m struggling right now, because this is all happening too fast and my plan requires at least 3 years to execute… GAH! I didn’t expect this would happen so fast. I hope the House Republicans can put the brakes on the spending.

Philip E. Johnson lectures on science, evolution and religion

I found this fun lecture by the grandfather of the big-tent intelligent design movement, Berkeley law professor Philip E. Johnson.

I’ll bet you guys have all heard of him, but you’ve never heard him speak, right? Well, I was a young man, I used to listen to Phil’s lectures and his debates with Eugenie Scott quite a bit. This is one of my favorite lectures. Very easy to understand, and boilerplate for anything else in the origins debate. This is a great lecture – funny, engaging and useful. You will definitely listen to this lecture several times if you listen to it once.

The MP3 is here. (91 minutes, 41 megabytes)

The Inherit the Wind stereotype

  • Many people get their understanding of origins by watching movies like “Inherit the Wind” (or reading science fiction)
  • The actual events of the Scopes trial are nothing like what the movie portrays
  • The law forbidding the teaching of evolution was symbolic, not meant to be enforced
  • The actual Scopes trial was a publicity stunt to attract attention to Dayton, TN to bring business to the town
  • The ACLU advertised for a teacher who would be willing to be sued
  • They found a substitute physical education teacher who would be willing to “break” the law
  • The movie is nothing like the actual events the movie is a morality play
  • The religious people are evil and stupid and ignorant and bigoted
  • The scientists and lawyers are all intelligent, romantic, and honest seekers of the truth
  • The religious people think that the Bible trumps science and science is not as reliable as the Bible
  • The movie argues that the reason why there is ANY dissent to evolution is because of Biblical fundamentalism
  • The movie presents the idea that there are no scientific problems with evolution
  • The movie says that ONLY Biblical fundamentalists who believe in 6 day, 24-hour creation doubt evolution
  • The movie says that Biblical fundamentalism are close-minded, and not open to scientific truth
  • The movie says that people who read the Bible as making factual claims are misinterpreting the Bible
  • The movie says that smart people read the Bible for comfort and feelings and arbitrary values, not for truth

Guided evolution and methodological naturalism

  • What scientists mean by evolution is that fully naturalistic, unguided, materialistic mechanisms caused the diversity of life
  • Scientists do not allow that God had any real objective effect on how life was created
  • Scientists think that nature did all the creating, and any mention of God is unnecessary opinion – God didn’t DO ANYTHING
  • Scientists operate with one overriding rule – you can only explain the physical world with physical and material causes
  • Scientists DO NOT allow that God could have done anything detectable by the sciences
  • Scientists WILL NOT consider the idea that natural, material processes might be INSUFFICIENT for explaining everything in nature
  • You cannot even ask the question about whether natural laws, matter and chance can explain something in nature
  • Intelligent causes can NEVER be the explanation for anything in nature, and you can’t even test experimentally to check that
  • Scientists ASSUME that everything can be explained with natural laws, matter and chance – no questioning of natural causes is allowed
  • Where no natural explanation of a natural phenomenon is available, scientists SPECULATE about undiscovered natural explanations
  • The assumption of naturalistic sufficiency is called “methodological naturalism”
  • To question the assumptions that natural is all there is, and that nature has to do its own creating, makes you an “enemy of science”
  • But Johnson says that naturalists are the enemies of science, because they are like the Biblical fundamentalists
  • Naturalists have a presumption that prevents them from being willing to follow the evidence where it is leading
  • Experiments are not even needed, because the presumption of naturalism overrides any experimental finding that falsifies the sufficiency of natural causes to explain some natural phenomenon

What can natural selection and mutation actually do?

  • what evolution has actually been observed to do is explain changing populations of moths and finches
  • finches with smaller or larger beaks are observed to have differential survival rates when there are droughts or floods
  • no new body plan or new organ type has been observed to emerge from these environmental pressures
  • the only kind of evolution that has been observed is evolution within types – no new genetic instructions are created
  • in textbooks, only confirming examples are presented – but what is required is a broad pattern of gradual development of species
  • if you look at the fossil record, what you see in most cases is variation within types based on changing environments
  • the real question is: can natural law and chance be observed to be doing any creating of body plans and organ types?

What kind of effect requires an intelligent cause?

  • the thing to be explained in the history of life is the functional information sequences
  • you need to have a sequence of symbols or characters that is sufficiently long
  • your long sequence of characters has to be sequenced in the right order to have biological function
  • the only thing that can create long sequences of functional information is an intelligent cause
  • intelligent design people accept micro-evolution – changes within types – because that’s been observed
  • the real thing to be explained is the first living cell’s functional information, and the creation of new function information

Critical response

The next 15 minutes of the lecture contain a critical response from a philosophy professor who thinks that there have been no developments in design arguments since Aquinas and Paley. He basically confirms the stereotypes that Johnson outlined in the first part of the lecture. I recommend listening to this, because it shows how weak the counter arguments are, and how these pseudo-intellectuals mislead unprepared students to question their Christian faith – especially dangerous since they have the power of the grading pen. Notice especially how he never mentions any arguments that Christians actually use, nor does he mention any actual science. Everything is “words, words, words” as Hamlet might say – no talking about experiments.

Here’s what he says:

1) Don’t take the Bible literally, even if the genre is propositional.

  • all opposition to evolution is based on an ignorant, fundamentalist, literal reading of the Bible
  • Christians need to reinterpret the Bible so that it is basically relaying personal preferences, and not factual information, regardless of the genre intended
  • the Bible really doesn’t communicate anything about the way the world really is
  • the Bible is just meant to suggest certain opinions and experiences which you may find fetching, or not, depending on your feelings and community
  • if Christians would just interpret the Bible as myths and opinions on par with other personal preferences, then evolution is no threat to religious belief

2) As long as you treat the design argument as divorced from evidence, it’s not very effective

  • the latest and best version of the design argument is Paley’s argument which involves no experimental data, so I’ll critique that
  • this 200-year old argument which doesn’t rely on science has serious problems, and unnamed Christians agree with me!
  • Christians should NOT try to prove God’s existence using evidence from the natural world (as Romans 1 says), and in fact it’s “Pelagianism” to even try
  • Christians should divorce their faith from logic and evidence even though the Bible says that Jesus performed miracles to supply evidence for his claims
  • Christians should not tie their faith to the best science available today, because science is always changing – what happens if we discover that the universe is eternal tomorrow?
  • What if! What if! Just because you guys have the facts on your side today, tomorrow science might prove that the universe is eternal! What would you do then?
  • It’s a good idea for me to critique the arguments of 1000-year old people who did not know anything about the cosmic fine-tuning argument – that’s fair!
  • I find it very useful to tell people that the argument from design is false without mentioning any scientific evidence of design from things like DNA and fine-tuning
  • We need to assume that the natural world is explainable using only natural causes
  • We should assume that natural causes create all life, and then rule out all experimental evidence for intelligent causes that we have today
  • As long as you accept that God is a personal opinion that has nothing to do with reality, then you can do science
  • The non-Christian process theologian Teilhard de Chardin is actually a Christian, and he accepts evolution, so quit complaining you ignorant fundies!
  • Remember when theists said God caused thunder because he was bowling in the clouds and then we found out he didn’t? Yeah well – maybe tomorrow we’ll find out that functional sequences of amino acids and proteins have natural causes! What would you do then?

3) What the Bible really says is that you should vote Democrat and allow government to redistribute wealth to the poor

  • Stop thinking about creation and start thinking about social justice! But not for stinky unborn babies

Q&A time

The lecture concludes with 13 minutes of questions.

Marco Rubio delivers the Republican weekly radio address

I waited to post this until I found the transcript.

Transcript:

“Hi, I’m Marco Rubio.

“With Election Day now behind us, it’s an honor to talk to you about the opportunity before us – an opportunity to put America back on track.

“For too long, Washington has taken our country in the wrong direction: bigger government, reckless spending, and run away debt. And though I’m a proud Republican, here’s the truth, both parties have been to blame.

“This election the American people said enough is enough. That message was loud and clear. We Republicans would be mistaken if we misread these results as simply an embrace of the Republican party. This Election is a second chance. A second chance for Republicans to be what we said we were going to be.

“America is the single greatest nation on earth, a place without equal in the history of all mankind. A place built on free enterprise, where the employee can become the employer. Where small businesses are started every day in a spare bedroom and where someone like me, the son of a bartender and a maid, can become a United States Senator.

“I know about the unique exceptionalism of our country. Not because I read about it in a book, I’ve seen it through my own eyes. You see, I was raised in a community of exiles, by people who lost their country, people who once had dreams like we do today, but had to come to a foreign shore to find them.

“For some their dreams were answered here in America, but many others found a new dream. To leave their children with the kinds of opportunities they themselves never had. And that is what we must do as a nation. To fulfill our sacred obligation to leave the next generation of Americans a better America than the one we inherited. And that is what this election was about.

“In the past two years, Republicans listened to the American people and what they said is that it was time for a course correction.

“The past two years provided a frightening glimpse at what could become of our great nation if we continue down the current path: wasteful spending, a growing debt and a government reaching ever further into our lives, even into our health care decisions.

“It is nothing short of a path to ruin, a path that threatens to diminish us as a nation and a people. One that makes America not exceptional, not unique, but more like the rest of the world.

“As Republicans, here is what our commitment should be to you. Our focus must not be simply winning elections. It must be to ensure the next generation inherits a strong, free and prosperous America.

“We will govern as public servants who understand that re-election is simply a byproduct of good public service and good ideas. And most importantly, we will stand up and offer an alternative to the policies coming out of Washington for the past two years.

“The challenges are too great, too generational in scope for us to be merely opponents of bad policies. Instead, we will put forward bold ideas and have the courage to fight for them. This means preventing a massive tax increase scheduled to hit every American taxpayer at the end of the year. It means repealing and replacing the disastrous health care bill. It means simplifying our tax code, and tackling a debt that is pushing us to the brink of our own Greece-like day of reckoning.

“For many of us coming to Washington for the first time and others returning to serve, it’s a long way from home. A long way from the people whose eyes we looked into at town halls, at diners or roundtables, and promised that this time it would be different. That if you elected Republicans to office again, we would not squander the chance you gave us, and we must not. Because nothing less than the identity of our country and what kind of future we will leave our children is at stake.

“That is our commitment and from you we ask this: hold us accountable to the ideas and principles we campaigned on.

“This is our second chance to get this right.
To make the right decisions and the tough calls and to leave our children what they deserve – the freest and most exceptional society in all of human history.

“Thank you for listening, God bless you and your family, and may God continue to bless the United States of America.”

I got this from Gateway Pundit.