Conceptual Math I: Basic Arithmetic

From Glen Woiceshyn at Powerful Minds.com:

We just added a new math text and exercise book—Conceptual Math I: Basic Arithmetic—to the Math section of our store (plus a corresponding teacher's version.) Intended for grades 4-6, this 170-page book is designed to give the student clear understanding and proficiency in basic arithmetic, including addition, subtraction, multiplication, and division. The book teaches math inductively by integrating math to its historical development and showing how each new idea flows logically from the existing knowledge. Many exercises in the form of numerical calculations, word problems, and short essay-type questions are found in the book.

Unveiling the Danish Cartoons at UCLA: A Discussion on Free Speech and World Reaction

Who: Ayn Rand Institute president Yaron Brook and additional panelists.

What: (1). A display of the controversial Danish cartoons depicting Mohammed.
(2). A panel discussion and Q&A on the meaning of the worldwide reaction to the cartoons.

Where: Los Angeles, CA, UCLA Campus: Dodd 147

When: Friday, March 10, 2006, at 7 PM

Priority seating for members of the media, UCLA students, faculty, and staff begins at 6:30 PM. Please check in at the front door. General seating is available only by RSVP and begins at 6:45 PM. Please email Events@ClubLogic.org to be placed on the list. A state-or-federally-issued ID is required for admittance. Seating will be limited. Attendees may be required to go through a security checkpoint.

Summary: ARI's Yaron Brook will participate in a panel discussion on the Mohammed cartoon controversy. He will explain: Why the eruption of violence and the issuance of death threats make completely irrelevant the question of whether the cartoons are in bad taste. Why the idea that freedom of the press must be "coupled with press responsibility" means that free speech is not a right, but a fleeting permission. Why every Western newspaper and media outlet should have immediately re-published or shown the cartoons in solidarity with the cartoonists. Why the cowardly and appeasing response of many Western governments--including our own--will only invite further aggression. Other panelists will present their own views.

All For One

Good stuff from Amit Ghate:
In reacting to the Islamists' ongoing cartoon Jihad, most commentators have focused on the issue of free speech. This is natural, and necessary, since eradication of free speech is the most immediate risk; and certainly without free speech there can be no defending other values. Nevertheless it is also vital to take a step back and to view the events as part of a larger pattern, a pattern which poses a grave threat to our core Western values and system of government –- and to their primary consequence and beneficiary: the free individual.

To see why, and to appreciate what we stand to lose, we must begin by understanding what is meant by "Western". Let us be clear that "Western" refers to a set of ideas -- it is not a racial or ethnic epithet. Anyone can embrace the ideas, just as anyone can reject them, regardless of his race, country of birth, or upbringing. Thus we can speak of Japan and Hong Kong having adopted "Western" principles as accurately as we can speak of Canada having done so.

In the broadest and most essentialized sense, the term "Western" denotes a set of fundamental ideas first discovered and adopted by the ancient Greeks. It was they who, for the first time in history, challenged the age-old notion that only the life of a society's rulers and/or priests was important -- to instead assert that every man's life is of crucial value. It was they who turned their focus from an obsession with death and the after-life -- to instead seek success and joy in this life. It was they who dispensed with all-encompassing superstition and from cowering before the supernatural –- to instead assert that the world was knowable, that no question was off-limits, and that the questioning mind was among the most revered of attributes. Finally, and as a consequence of all the others, it was they who cast away the resignation of living as unhappy subjects in an unknowable world -- to instead realize that with freedom to live, happiness on earth was possible for every man. Read the rest

Danish Cartoons at UCI

From Debi Ghate of the Ayn Rand Institute:

Although I was unable to get into the February 28th University of California, Irvine (UCI) event to watch the unveiling of the Danish cartoons and the panel discussion on terrorism (I was told by security that the hall was filled to capacity), I did have an opportunity to closely observe the mob of protestors demonstrating against the event.  Amongst those chanting "Allah Aqubar" and holding signs such as "Mohammed Protector of Women" and "Young Republicans = the new KKK", were a noticeable number of people wearing green arm bands nearly identical to those worn by Hamas suicide bombers in the Middle East. Apparently this is not the first time these armbands have been worn by students on the UCI campus.  To learn that there are people right here in my own backyard who openly display support for a terrorist organization like Hamas was a real wake up call. 

I'd gone to the event in defense of my right to free speech, and my right to see the Danish cartoonists' message without fear of violence or intimidation.  What I came away with was the realization that my right to free speech and my right to life were under a much more immediate threat.

The Right to Immigrate: The Case for Absolute Open Entry into the U.S.

The USC Objectivist Club is pleased to announce: The Right to Immigrate: The Case for Absolute Open Entry into the U.S. By Harry Binswanger, Ph.D.

Since at least the 1920s, the U.S. has imposed restrictions on immigration. Today, many people on both sides of the political spectrum are calling for expanded controls over our borders. In this informal talk, Dr. Binswanger will make the case for open immigration: the removal of all limitations on entry into, and legal residence within, the United States. He will explain why immigration is a right, why it is a practical benefit to Americans, and how properly to deal with the threat of terrorists entering the country.

Dr. Binswanger, a longtime associate of Ayn Rand, taught philosophy at Hunter College (City University of New York) from 1972 to 1979, and at the University of Texas, Austin, Spring 2002. During the 1980s, he was editor of The Objectivist Forum, a bimonthly journal devoted to Ayn Rand's philosophy. Since 1994, he has been professor of philosophy at the Objectivist Academic Center of the Ayn Rand Institute. He is the author of The Biological Basis of Teleological Concepts (ARI Press, 1990) and editor of The Ayn Rand Lexicon (New American Library) and of the second edition of Ayn Rand's Introduction to Objectivist Epistemology (New American Library). A regular speaker at universities, he has given more than 70 talks at some 40 universities on a wide variety of topics in philosophy and politics, from "The Primacy of Existence" to "'Buy American' Is Un-American." Dr. Binswanger is currently writing a book on the causal nature of consciousness. Dr. Binswanger received his B.A from MIT and his Ph.D. from Columbia University.

Thursday, March 2nd 7PM SLH-200 (Stauffer Science Lecture Hall) University of Southern California. One hour lecture followed by Q and A. For more information please visit www.uscobjectivistclub.com.

Introducing The Objective Standard

Writes Craig Biddle in his essay "Introducing The Objective Standard":
In the realm of politics, we recognize that in order to take life-promoting action, a person must be free to do so; he must be free to act on the judgment of his mind, his basic means of living. The only thing that can stop him from doing so is other people, and the only way they can stop him is by means of physical force. Thus, in order to live peacefully together in a society—in order to live together as civilized beings, rather than as barbarians—people must refrain from using physical force against one another. This fact gives rise to the principle of individual rights, which is the principle of egoism applied to politics.

The principle of individual rights is the recognition of the fact that each person is morally an end in himself, not a means to the ends of others; therefore, he morally must be left free to act on his own judgment for his own sake, so long as he does not violate that same right of others. This principle is not a matter of personal opinion or social convention or "divine revelation"; it is a matter of the factual requirements of human life in a social context.

A moral society—a civilized society—is one in which the initiation of physical force against human beings is prohibited by law. And the only social system in which such force is so prohibited—consistently and on principle—is pure, laissez-faire capitalism.

Capitalism—which, contrary to widespread mis-education, is not merely an economic system—is the social system of individual rights, including property rights, protected by a strictly limited government. In a laissez-faire society, if people want to deal with one another, they may do so only on voluntary terms, by uncoerced agreement. If they want to receive goods or services from others, they may offer to exchange value for value to mutual benefit; however, they may not seek to gain any value from others by means of physical force. People are fully free to act on their own judgment and thus to produce, keep, use, and dispose of their own property as they see fit; the only thing they are not "free" to do is to violate the rights of others. In a capitalist society, individual rights cannot legally be violated by anyone—including the government.

The sole purpose of the government in such a system is to protect the individual rights of its citizens by means of the police (to deal with domestic criminals), the military (to deal with foreign aggressors), and the courts of law (to adjudicate disputes). While the government holds a monopoly on the legal use of force, it is constitutionally forbidden to use initiatory force in any way whatsoever—and constitutionally required to use retaliatory force as necessary to protect the rights of its citizens.

For instance...

Read the rest.

Coming online soon: The Objective Standard

From Craig Biddle of The Objective Standard:

A quick update as our 130 page premier issue goes to press. We were able to extend the subscription deadline. If you have not yet subscribed and wish to do so (or if you want to give someone the gift of objectivity), please subscribe by February 24th to ensure that your first issue of TOS is included in our initial mailing, scheduled for early-March. My essay "Introducing The Objective Standard" will be posted to the website this week and will be accessible to subscribers and non-subscribers alike.

Weekend Conference on Law, Individual Rights and the Judicial System

The last day to register at the discounted early registration price for Front Range Objectivism's Weekend Conference on Law, Individual Rights and the Judicial System is quickly approaching: It's this Saturday, February 11th. Don't miss your opportunity to save $75 on the conference fee! The conference itself will be held on March 4-5, 2006 in Denver, Colorado. You can register by mail by following the instructions on the brochure. Or you can register online. Here's the information from about the speakers and lectures from the web site:

Tara Smith, PhD, will open the conference with a lecture on Why Originalism Won't Die: Common Mistakes in Competing Theories of Judicial Interpretation. In the debate over judicial interpretation of the Constitution, the theory of Originalism (advocated by Antonin Scalia, among others) has been subjected to seemingly fatal criticisms. Despite the exposure of flaws that would normally bury a theory, however, Originalism continues to attract tremendous support. What explains its resilient appeal? Why do many continue to regard it as the most reasonable basis for judicial interpretation? This lecture will answer these questions by identifying the fundamental weakness of the leading alternatives to Originalism and by demonstrating that the heart of Originalism's appeal–its promise of judicial objectivity–is illusory. All camps in this debate, we will see, suffer from serious misunderstandings of the nature of objectivity.

Dana Berliner, JD, of the Institute for Justice, will present two lectures on Reading "Public Use" out of the Fifth Amendment: A Look at the Use of Eminent Domain for Private Parties in the United States. Eminent Domain, the power of government to take private property, is limited by the U.S. Constitution to "public use" and requires "just compensation" when property is taken. Without a proper understanding of the importance of property to individual rights, fuzzy language and exceptions have eroded the limitations on this governmental power. Part I will trace the history of the law of eminent domain, its inclusion in the Constitution, its subsequent interpretation by courts and other branches of government, and the relationship of the public use issue to the debate about "judicial activism" in the courts.

Part II will focus on more recent developments in the issue of eminent domain, covering the development and litigation of the Kelo case at the U.S. Supreme Court, focusing on both the litigation strategy and the constitutional analysis in the majority, concurring and dissenting opinions. Ms. Berliner will also discuss the subsequent popular and political backlash, and show the difficulty of implementing philosophically consistent policy in legislation.

Eric Daniels, PhD, will discuss Unenumerated Rights: From Calder v. Bull to Lawrence v. Texas. The Founding Fathers intended to create a government to secure individual rights. They listed and laid out numerous rights in the Constitution and the Bill of Rights, but they also added the Ninth Amendment to guarantee "unenumerated rights." What are these rights? How can they be protected? Has this been a successful means of protecting individual rights?

These two lectures will explore the history of the framing of the Ninth Amendment and the implementation of unenumerated rights in major court decisions from the Founding to the present. They will explore how individual rights–both enumerated and unenumerated–have fared under the changing philosophies of interpretation and theories of jurisprudence that American courts have embraced.

Amy Peikoff, JD, PhD, will give two lectures entitled Is There a Right to Privacy?, in which she will explain why she opposes the current legal recognition of a right to privacy. In the first lecture, she will discuss the history of the right to privacy in the United States, including descriptions of the cases in which a right to privacy has been recognized, and summaries of the main arguments given in favor of such a right. In her second lecture, Dr. Peikoff will present what she thinks is the proper approach to the legal protection of privacy, an approach based on Ayn Rand's philosophy.

The conference will conclude on Sunday afternoon with a panel discussion by Jim McCrory, Steve Plafker and Michael Conger, officers of TAFOL, The Association For Objective Law, seeking to provide an integrated perspective on the issues discussed throughout the weekend sessions. These lectures, presented over one weekend, March 4 - 5, 2006, promise to be a unique experience, applying Objectivism to the philosophy of law.

Linda Mann’s Paintings

By Lee SandsteadRegarding art, Ayn Rand wrote that one's psycho-epistemological sense of life is "an expression of that level of mental functioning on which the artist feels most at home."1Is consciousness active or passive? Is it efficacious or not? The answers to these questions are at the base of one's psycho-epistemological sense of life and will condition what type of style an artist chooses and how the viewer responds.To see this, look at Linda Mann's "Vase and Stones" (1996). Dozens of rocks, a vase, and an oval container sit on a large open box in front of a wall, which is variegated by light and shadow. The clarity is brilliant, and some will grossly mistake this for a painted photograph.In actuality, "Vase and Stones" is highly stylized in that it presents what the artist wants the viewer to see and how she wants him to see it. By sitting slightly over the edge of the box, the oval container in the lower left pulls the viewer into the composition. The composition then guides the viewer in a circular motion through the painting: from the oval container, to the bag of stones, to the glass vase, to the cache of polished stones on the right, and, finally, back to the oval container by hopping from individual stone to individual stone. The light from the lower left casts a shadow from the direction of the oval container, rolls over the valleys of the cloth bag, and passes through the glass vase to the back wall. "Vase and Stones" is the work of an artist who clearly believes that consciousness is active and efficacious.The deliberate circular motion and controlled lighting scheme enable Miss Mann to contrast the smooth textures of the open box's lacquered surface, polished stones, and glass vase with the rough textures of the cloth bag and unpolished stones. By doing this, she enables the viewer easily to differentiate the qualities of one object from another, thereby providing greater clarity and understanding as to the precise nature of each object.Because of this, one can grasp a fundamental value of good still-life paintings: epistemological joy-a moment of love for consciousness' relationship to concretes; a relationship that is highly selective, ordered, essentialized-and purposeful; a relationship full of clarity, vivid color, subtlety, and brilliant light; a relationship that can produce an intense emotional response within the viewer that says, to paraphrase Ayn Rand: "These are concretes as I see them!"Experiencing epistemological joy when looking at art is much like experiencing metaphysical joy, but instead of being based on one's sense of life, epistemological joy stems from one's psycho-epistemological sense of life.Linda Mann always selects those objects that are fine, luxurious, and tantalizing, and they are galvanized by her delight in selectivity, challenging compositions, and technical mastery. To see and order prints of her paintings for yourself, visit her website.References 1 Ayn Rand, "Art and Sense of Life," The Romantic Manifesto (New American Library, New York, 1975), p. 42.

Islams Image Problem: 12 Caricatures Depicting the Prophet Muhammad

From Cox and Forkum:

 

From the International Herald Tribune: In Arab countries, rage growing over cartoons .

A long-running controversy over the publication of caricatures of the Prophet Muhammad by a Danish newspaper boiled over in the past few days as a boycott brought sales of some Danish products to a halt in Arab countries across the Middle East, while Danish interests came under attack. A diverse group of Muslim activists has stirred a consumer uproar in one of Denmark's fastest-growing packaged-foods markets in a case pitting freedom of the press against religious sensitivity, and which is playing out in the arenas of diplomacy and global trade. ... The controversy has been simmering since September, when the Danish daily newspaper Jyllands-Posten published 12 caricatures depicting the Prophet Muhammad, including one that shows him wearing a turban in the shape of a bomb with a lit fuse. Islam strictly forbids depictions of the prophet.

Flemming Rose, the newspaper's culture editor, said the works were not intended to offend and were in keeping with a tradition of satirical cartoons. "These were not directed against Muslims, but against people in cultural life in Europe who are submitting themselves to self-censorship when dealing with Islam," he said by telephone Monday. Muslim groups in Denmark, and then across the Middle East, demanded apologies from the newspaper and the Danish government. Late Monday, the newspaper issued an apology. "The drawings are not against the Danish law but have indisputably insulted many Muslims, for which we shall apologize," the newspaper's statement said, according to Reuters. The Danish authorities have expressed regret but have refused to take action. "We have freedom of the press, and the government can't get involved in these kinds of matters," said Bay, the Danish consul. [Emphasis added]

Even Bill Clinton weighed in, calling the cartoons "appalling" and comparing them to anti-Semitism. Zombie has posted a Mohammed Image Archive. For a detailed account of the controversy, see Robert Spencer's Thou Shalt Not Draw from December. As for the Piglet reference: Perils Before Swine. (Some links found via Little Green Footballs.)

Michelle Malkin has an excellent, up-to-date overview of the Mohammed cartoon issue: Fight the bullies of Islam.

Something very important is happening in Denmark -- a showdown over freedom, tolerance, and their wolfish menaces in religious clothing. So, please, turn off "American Idol," put down the Game Boy for a moment, and pay attention. This does affect you.
She highlights a "Buy Danish" campaign designed to counter the effect of the Muslim boycott. See her full post for many more related links: FIRST, THEY CAME FOR THE CARTOONISTS.

Also see:
-- Face of Muhammed has the original newspaper article (via Thomas Glahn)
-- The Belmont Club: I Am Spartacus
-- More European newspapers are printing the controversial cartoons in a show of solidarity with Denmark, including publications in France, Germany, Spain and Italy (via LGF)
-- And Robert Spencer suggests that if you value your freedom, politely write your local paper and ask them to reprint the cartoons.
-- Silent Running says the boycott may be the least successful in history, if the popularity of their "Buy Danish" t-shirts is any measure.

The AP has an overview of the European papers: Papers Republish Controversial Cartoons.

French and German newspapers republished caricatures of the Prophet Muhammad on Wednesday in what they called a defense of freedom of expression, sparking fresh anger from Muslims. The drawings have divided opinion within Europe and the Middle East since a Danish newspaper first printed them in September. Islamic tradition bars any depiction of the prophet to prevent idolatry. ... France Soir, which is owned by an Egyptian magnate and has struggled to attract readers, justified its decision. "The appearance of the 12 drawings in the Danish press provoked emotions in the Muslim world because the representation of Allah and his prophet is forbidden. But because no religious dogma can impose itself on a democratic and secular society, France Soir is publishing the incriminating caricatures," the paper said.
Charles Johnson notes that the above link about Spanish and Italian newspapers also mentions that the French editor was fired for publishing the cartoons.

But late on Wednesday its owner, Raymond Lakah, said he had removed managing editor Jacques Lefranc "as a powerful sign of respect for the intimate beliefs and convictions of every individual". Mr Lakah said: "We express our regrets to the Muslim community and all people who were shocked by the publication." The president of the French Council of the Muslim Faith (CFCM), Dalil Boubakeur, had described France Soir's publication as an act of "real provocation towards the millions of Muslims living in France". Other papers stood by their publication. In Berlin, Die Welt argued there was a right to blaspheme in the West, and asked whether Islam was capable of coping with satire. "The protests from Muslims would be taken more seriously if they were less hypocritical," it wrote in an editorial.
Piglet strikes again. Lots of new information from Michelle Malkin who notes that The New York Sun printed some of the cartoons, as well as a paper in Jordan. Will any other US papers? And Robert Spencer has more coverage at FrontPageMag.com: Cartoon Rage vs. Freedom of Speech (via TIA Daily)

The cartoons are not a manifestation of anti-Islamic prejudice: criticism of Muhammad or even of Islam is not equivalent to anti-Semitism. Islam is not a race; the problems with it are not the product of fear mongering and fiction, but of ideology and facts -- facts that have been stressed repeatedly by Muslims around the world, when they commit violence in the name of Islam and justify that violence by its teachings.

Google to Censor Itself in China

From Cox and Forkum:

 

From CNN: Google to censor itself in China.

Internet search engine Google has rolled out a China-based version of its popular Web site -- one that bows to Beijing's censorship laws and will edit the content of its results. Google.cn -- the Chinese language version of the search portal -- debuted Wednesday with the company acknowledging the balancing act it was attempting to perform.

"In order to operate from China, we have removed some content from the search results available on Google.cn, in response to local law, regulation or policy," a Google statement said.

"While removing search results is inconsistent with Google's mission, providing no information (or a heavily degraded user experience that amounts to no information) is more inconsistent with our mission."

Google said it intends to report to users when information is removed from search results. The company says it does the same thing in response to local laws in Germany, France and the United States.

Prior to Wednesday's debut in China, Google operated the Chinese-language version of the search engine through a link on its U.S. Web site, Google.com.

Previously, the Beijing government blocked the results of search requests that violated its regulations. The new Google site will self-censor based on Chinese law.

Little Green Footballs recently posted an example of the results of this self-censorship:

Standard Google Image Search for "tiananmen"
China Google Image Search for "tiananmen"

Pajamas Media has extensive coverage of the topic: China Syndrome

John Fund’s Report on Canadian Elections

In the January 24th WSJ Political Diary, as part of his reporting on the Canadian election results, John Fund stated:

That said, Canada's election is a watershed. The Liberals have so dominated the country's politics that they were in office longer during the 20th Century than even the Communists in the Soviet Union. The country was in danger of becoming a permanent one-and-a-half party state. Having been chastened by the voters for their rampant corruption and insider dealing, the Liberals will now have a chance to clean up their act. For his part, Mr. Harper will end the gratuitous America-bashing of recent years and at least make a stab at more sensible economic policies. Grading on a Canadian curve, yesterday's result amounts to a welcome political revolution.
John's commentary is probably intended to be light-hearted, and some of his observations have merit, but overall that paragraph reveals some serious problems with his thinking. First, to compare a voluntarily-elected government with the brutal, totalitarian regime in communist Russia erases all the vital distinctions, i.e. that the government in Canada is limited, that its electorate could have voted it out every four years, that the government didn't use force to maintain its position, etc. -- to instead focus on an essentially perceptual level observation, i.e. how long the government was in power. Or to look at it another way: if we ever manage to elect a great government, should we vote it out after a few years, simply in the name of not having them in office for too long?

Also, there is no a priori reason to dismiss a one party state, much less a "one-and-a-half party state" (whatever that means), if that party respects rights and governs properly. Should we indict George Washington's government simply because it was a "one party" government, or should we look at how the country was governed during his tenure and evaluate it on that basis?

Terrorist Group Hamas Wins Elections

From Cox and Forkum:

From FoxNews: Major Decisions Await Palestinian Leadership After Surprise Hamas Victory.

"The elections results amount to a de facto declaration of war by the Palestinian people against the state of Israel. It's imperative our nation redouble its commitment to the state of Israel and cautiously evaluate any future assistance to a Palestinian regime governed by terrorists," said Sen. Lindsay Graham, R-S.C. "Hamas is a terrorist organization, which means they believe it is their right to murder women, children and innocent civilians to achieve their goals. It is unrealistic, unwise and even immoral to ask Israel to sit down with a government that contains people who have such beliefs," said Sen. Charles Schumer, D-N.Y.

Hamas' charter calls for the destruction of Israel, and leaders said they had no plans to change it. But the group risks economic devastation resulting

From AP: Carter Says Palestinian Elections Fair (via Little Green Footballs).

Former President Carter said Thursday the Palestinian elections were "completely honest, completely fair, completely safe and without violence." Carter, who led an international observer team from the National Democratic Institute, also said he hoped that the Hamas Islamic group would act responsibly now that it appears to have been elected to power in Palestinian elections.

"My hope is that as Hamas assumes a major role in the next government, whatever that might be, it will take a position on international standards of responsibility," he told a news conference in Jerusalem.

And as we noted yesterday: The terrorist group Hamas vowed not to disarm or negotiate with the Jewish state if it enters the Palestinian parliament after the election.

From The Jerusalem Post: Netanyahu warns of birth of Hamastan (via Tom Pechinski and Rantburg).

Likud leader Binyamin Netanyahu told the Likud faction in the Knesset Thursday, "Before our very eyes, Hamastan has been established, the step-child of Iran and the Taliban. It's in firing range of our airport, our highways and cities. This has to be a day of soul searching because the writing was on the wall. The policy of giving land for free gave a prize to terror and a winning card for Hamas.
From CNN: Hamas leader: 'Palestinian army' possible.

A leader of the militant group Hamas promised reforms and indicated the possibility of a Palestinian army in the wake of the historic elections that swept his party into power this week. The comments by Khaled Mashaal, based in Damascus, Syria, come after Israeli and U.S. leaders indicated that little progress was possible unless Hamas denounces violence and disarms.

Mashaal said Hamas will not consider disarming, but would instead form an army to defend the Palestinian people

"If you do not like our militancy, we are ready to unify the Palestinian arms ... and create an army, just like any other country," Mashaal said.

BB&T Respects Property Rights, Won’t Fund Eminent Domain Abuse

Arlington, Va.—BB&T, the nation's ninth largest financial holdings company with $109.2 billion in assets, announced today that it "will not lend to commercial developers that plan to build condominiums, shopping malls and other private projects on land taken from private citizens by government entities using eminent domain."
In a press release issued today by the bank, BB&T Chairman and Chief Executive Officer John Allison, said, "The idea that a citizen's property can be taken by the government solely for private use is extremely misguided, in fact it's just plain wrong.  One of the most basic rights of every citizen is to keep what they own.  As an institution dedicated to helping our clients achieve economic success and financial security, we won't help any entity or company that would undermine that mission and threaten the hard-earned American dream of property ownership."

"BB&T's principled stand sets an example that should inspire other lenders and should become the new industry standard," said Institute for Justice President and General Counsel Chip Mellor.  The Institute for Justice litigated the Kelo case, in which the U.S. Supreme Court allowed the taking of private property for someone else's private use in the guise of "economic development."  Mellor said, "You can and should accomplish economic development through private negotiation, not the use of government force through eminent domain.  As far as we're concerned, BB&T now stands for Best Bank in Town."

The U.S. Congress is now considering bipartisan legislation that would federally de-fund eminent domain for private use.  Although the House of Representatives overwhelmingly passed legislation that would block any federal funds going to private development projects on land taken through eminent domain, the Senate has yet to vote on companion legislation.  Last week, U.S. Senate Majority Leader Bill Frist (R-TN), however, commented on an eminent domain case that was argued before the Ohio Supreme Court.  The case involves Carl and Joy Gamble, homeowners from Norwood, Ohio, who could lose their home through eminent domain for a privately owned mall and high-end apartments.  Frist wrote in an op-ed published by the Cincinnati Enquirer, "I have some pretty clear thoughts about the [Norwood] case:  The Gambles should keep their home and the developer should either build around it or cancel the development plans altogether. . . .   Quite simply, no family should ever risk losing its home because a government wants to help a private developer." 

Scott Bullock, an IJ senior attorney who argued the Kelo case, said, "Eminent domain abuse is wrong and unconstitutional.  BB&T has stepped up and recognized its corporate responsibility to not be a part of this shameful abuse of individual rights."

Dana Berliner, an IJ senior attorney who argued the Gambles' case before the Ohio Supreme Court, said, "Throughout the country, banks have been silent partners in the unholy alliance between local governments and private developers.  Banks finance developers and cities that use eminent domain to take someone's home or business and turn the land into new stores, condos, and office space.  Others will hopefully follow BB&T's courageous example."

BB&T Won’t Offer Eminent Domain Loans

BB&T announces eminent domain policy. Good for them!

WINSTON-SALEM, N.C. –  BB&T Corporation today said it will not lend to commercial developers that plan to build condominiums, shopping malls and other private projects on land taken from private citizens by government entities using eminent domain.

The commercial lending policy change comes in the wake of Kelo v. City of New London, a controversial Supreme Court decision in June that said governments can seize personal property to make room for private development projects.

The court's ruling cleared the way for an expansion of eminent domain authority historically used primarily for utilities, rights of way and other public facilities.

"The idea that a citizen's property can be taken by the government solely for private use is extremely misguided, in fact it's just plain wrong," said BB&T Chairman and Chief Executive Officer John Allison.

"One of the most basic rights of every citizen is to keep what they own. As an institution dedicated to helping our clients achieve economic success and financial security, we won't help any entity or company that would undermine that mission and threaten the hard-earned American dream of property ownership."

The high court, in a 5-4 ruling, held that 15 homes in a waterfront neighborhood in New London, Conn., could be acquired by the city, turned over to private developers and ultimately replaced by a luxury hotel, upscale condos and office buildings. The city justified the project as a way to generate tax revenue and jobs.

Critics charged that by letting local governments decide what constitutes a "public purpose," the court abdicated its duty to protect citizens from unconstitutional seizures of their property under the Fifth Amendment.

In a stinging dissent by Justice Sandra Day O'Connor, she wrote that, since the decision, "the specter of condemnation hangs over all property. Nothing is to prevent the state from replacing any Motel 6 with a Ritz-Carlton, any home with a shopping mall, or any farm with a factory."

But that may change. Thirty-eight states have recently passed or are considering laws that would ban the use of eminent domain for private development. A similar bill that would apply a federal ban has passed the House, and President Bush has voiced his support for such reform.

The bipartisan Private Property Rights Protection Act would revoke for two fiscal years all federal economic development financing – a significantly large amount of money for most localities and states – from local governments that condemn privately owned houses and other non-blighted property so that they can transfer it to private developers.

"While we're certainly optimistic about the pending legislation, this is something we could not wait any longer to address," said BB&T Chief Credit Officer Ken Chalk. "We're a company where our values dictate our decision-making and operating standards. From that standpoint, this was a straightforward decision; it's simply the right thing to do."

Winston-Salem-based BB&T Corporation and its subsidiaries offer full-service commercial and retail banking and additional financial services such as insurance, investments, retail brokerage, corporate finance, consumer finance, treasury services, international banking, leasing and trust.

BB&T operates more than 1,400 financial centers in the Carolinas, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana and Washington, D.C.

With $109.2 billion in assets, BB&T Corp. is the nation's ninth largest financial holding company. More information about BB&T Corp. is available at www.BBandT.com.

New Journal: The Objective Standard

From Craig Biddle at The Objective Standard:

Dear Friend of Capitalism,

I am pleased to announce the official launch of The Objective Standard: www.TheObjectiveStandard.com. You can now see the contents of our premier issue, read our statement of purpose (also reprinted below), check out our upcoming events, and subscribe to the print or online version of the journal.

If you plan to subscribe to the print version--which I highly recommend, since issues will average 100 pages in length--please do so by February 17th to ensure that your first issue is included in our initial mailing, scheduled for early March. Access to the online version of the journal will be available to all subscribers in mid-March.

Whatever your choice of subscription, we look forward to providing you with philosophical journalism as it might and ought to be. Please feel free to forward this information to anyone who you think might be interested in The Objective Standard.

Best wishes,
Craig Biddle
Editor, The Objective Standard
www.theobjectivestandard.com


Statement of Purpose

The Objective Standard is a quarterly journal of culture and politics based on the idea that for every human concern—from personal matters to foreign policy, from the sciences to the arts, from education to legislation—there are demonstrably objective standards by reference to which we can assess what is true or false, good or bad, right or wrong. The purpose of the journal is to analyze and evaluate ideas, trends, events, and policies accordingly.

We maintain that the standards of both knowledge and value derive from the facts of reality; that truth is discovered only by means of reason, i.e., through observation and logic; that the factual requirements of man's life on earth determine his moral values; that the selfish pursuit of one's own life-serving goals is virtuous; and that individual rights are moral principles defining the fundamental requirements of a civilized society.

We stand opposed to the notion that the standards of knowledge and value are not factual but subjective (feeling-based) or other-worldly (faith-based); that truth is ultimately dictated by majority opinion or a "supernatural" being's will; that democratic consensus or "God's word" determines what is moral; that sacrifice for the common good or in obedience to "God's commands" is virtuous; and that rights are social conventions or "divine decrees."

In stark contrast to these philosophic approaches, ours is a philosophy of reality, reason, egoism, and laissez-faire capitalism. In a word, we uphold Objectivism, the philosophy of Ayn Rand, and it serves as our frame of reference in analyzing the cultural and political issues of the day. [link]

Event – Why Originalism Won’t Die: Common Mistakes in Competing Theories of Judicial Interpretation

The Objectivist Club at New York University is excited to announce the following upcoming event. For more information and to register, please visit http://nyu.objectivismonline.net

Why Originalism Won't Die: Common Mistakes in Competing Theories of Judicial Interpretation
A speech by Dr. Tara Smith.

Details: DATE: Thursday, February 02, 2006 TIME: 7:00 pm (Doors @ 6:30PM) LOCATION: 60 Washington Square South, NY, NY 10012 @ NYU Kimmel Center - Room 914

DESCRIPTION: In the debate over judicial interpretation of the Constitution, the theory of Originalism (advocated by Antonin Scalia, among others) has been subjected to seemingly fatal criticisms. Despite the exposure of flaws that would normally bury a theory, however, Originalism continues to attract tremendous support. What explains its resilient appeal? Why do many continue to regard it as the most reasonable basis for judicial interpretation?

This lecture will answer these questions in part, by identifying the fundamental weakness of the leading alternatives to Originalism and in part, by demonstrating that the heart of Originalism's appeal – its promise of judicial objectivity – is illusory. All camps in this debate, we will see, suffer from! serious misunderstandings of the nature of objectivity.

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