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Eminent Domain Stuff


New London Update (2/24/06)
Bad NLDC!
Coverage of the Rally at New London's City Hall (w/ pics)

Tuesday, January 04, 2005

 

Capitalism

It's always nice to see things like this. It's just too bad that it won't be leading the Evening News:

Ignorance shrouds capitalism's profound impact on reducing poverty

Jim Klauder
Sunday, January 2, 2005

It should come as heartening news that 2004 was one of the most prosperous years in history. Not because the U.S. economy grew by a solid 4.3 percent, but because developing countries experienced an explosive 6.1 percent economic growth.

According to a recent study by the World Bank, 2004's growth reflected "an expansion without precedent over the past 30 years." Equally encouraging, the report notes that "the rapid growth of developing economies ... has produced a spectacular, if not historic, fall in poverty."

Amazingly, the World Bank report did not get much coverage in our mainstream media. It seems the press was more interested in covering the evils of globalization than in taking notice of how world trade -- which grew by an astounding 10.2 percent this year -- is driving economic growth.
Amazing. Whoda thunk it.

(via USS Neverdock)


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