The federal government says its new clean coal rules could raise the cost of electricity by up to 80 percent. Which would, effectively, kill the coal-fired electric-generation industry. Which, of course, is what the Obama administration long ago said it wanted. Throw another pol on the fire, honey; it's getting ridiculous outside. ... The command economist in the White House has signed his executive order decreeing that the minimum wage for new federal contract workers be raised to $10.10 an hour beginning next Jan. 1. Here's an ongoing economics class project for Ralph Reiland's students at Robert Morris University: Begin tracking, year by year, the increased contract costs to American taxpayers. It will be a great way to expose the fallacy of “progressive” economics. ... Mark Hulbert, The Wall Street Journal's “MarketWatch” columnist, is sounding alarm bells over the “eerie parallels between the stock market's recent behavior and how it behaved right before the 1929 crash.” And if the pattern holds, Mr. Hulbert says “the market faces a particularly rough period later this month and in early March.” That said, Hulbert notes that one of those publicizing the similarities the most is a hedge fund manager. So perhaps we should all consider the supposed coming doom with a grain of salt and a bushel of speculation. ... The Washington Times reports that participants in an annual NAACP march in North Carolina were required to have a valid photo ID — the same kind of ID they insist is discriminatory when required for voting. Busted!
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