Monday, October 16, 2006

The envelope please…

Winner of the Week – The Nobel committee actually made an excellent choice for the Peace Prize this year. Not some failed American president or mindless pacifist, but Muhammad Yunus, founder of the microcredit revolution. Media details were sketchy but I learned more from financial guru Mark Skousen, a free-market thinker; “A former professor at the Chittagong University in Bangladesh, the world's poorest country, Yunus founded the Grameen Bank to provide small loans (usually only $200-$300!) to needy entrepreneurs. His bank is not a charity. It charges 18% interest on its micro-loans but it only has a 5% default rate. It's an incredible story of how the non-government private sector can solve the poverty problem.”

Idiot quote of the Week - “If fascism comes to America it will be wrapped in a flag and bearing a cross.”

This was seen by a friend on a bumper sticker but I discovered after quick research that his is actually a quote of Sinclair Lewis. I’ve always distained his works, and now I have a better inkling as to why; only a twisted view of the world could embrace such an absurd conclusion. I followed a few other web links that contained the quote and was immersed in world of utterly insipid leftist blather.

It's nice to see a sensible Nobel prize.

But why wouldn't fascism wrap itself in the country's flag and religious symbolism?
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