SODOM & GOMORRAH: With the recent expansion of China's space program, many in the United States are angry that President Barak Obama has cut so much funding from NASA. Being a very contrarian site, Restorus would suggest that Obama's cuts haven't gone far enough: the entire manned space program needs to be shut down today. Note that I did not say that just the government … [Read more...]
Archives for June 2012
It’s Not a Choice Between Inflation and Depression
SODOM & GOMORRAH: The German chancellor Angela Merkel is one of the few world leaders who isn't being completely idiotic about the financial and economic crisis brewing in Europe. Much to the ire of others, Merkel has resisted political pressure to adopt a more inflationary policy because she feels it would be bad for Europe. The Economist has recently joined her list of … [Read more...]
China Launches Spacecraft
SODOM & GOMORRAH: China's human-operated Shenshou-9 spacecraft has successfully docked with the country's space lab today. Millions of people in China watched the craft blast off into orbit on Saturday with the Chinese character “fu”, a symbol for good luck and fortune, displayed prominently outside the cockpit. Other powers in the world have been cutting back their space … [Read more...]
What Do the Developments in Egypt’s Democracy Mean?
SODOM & GOMORRAH: Egypt made waves in the international press again this week as a panel of judges declared parliament to be illegal. This has left many feeling dismayed and concerned that Egypt won't be able to fully transition to a functioning liberal democracy. The truth is, it never was able to. The Egyptian court's decision was twofold. First, it effectively … [Read more...]
The Euro Will End With Both a Bang and a Whimper
SODOM & GOMORRAH: The European Union continues in its path toward eventual dissolution. Eurozone leaders were divided and confused at yet another Brussels summit on the economy. The Economist points to two solutions for the European Union. On one hand, Europe could strengthen its ties and erode more of the sovereignty of individual member-states while distributing wealth … [Read more...]