Two Questions for European Readers: Why keep any money in banks other than the absolute bare minimum needed to pay bills? How many Cyprus-like confiscations does it take to convince you that leaving money in banks is a bad idea?
A report out this week from researchers in New Zealand says Lego mini-figures have become angrier. Moreover, there's a suggestion the change has made children angrier in the process. In the study, which covers the period from 1975 to 2010, those mini-figures all had smiling faces until 1989.
In a second-term reprise, Russian dictator, Vladimir Putin in return lectured his pal Obama about “privacy.” The lecture comes in the wake of a number of snooping scandals including the IRS targeting of conservatives, the NSA spying scandal and the general Chicago-style thuggery practiced by the Obama mob.
I had some fun back in April when I noted that politicians and staff on Capitol Hill were getting very agitated about having to be part of Obamacare. Well, it seems that the way the law applies to them is so costly that many of them are thinking about calling it quits.
Gunmaker Smith & Wesson reported preliminary fourth quarter numbers, beating earnings estimates, and reflecting huge year-over-year gains.
The American home purchaser can be a fickle beast. Many believed rates would either fall or hold at historical lows indefinitely. These consumers had no sense of urgency to purchase. The old herd mentality then draws them to the market on news of rising interest rates.
Many states, especially California and Illinois, have had severe pension underfunding problems for many years. However, new actuarial pension rules will finally force states to admit the problem. Thus, it should not be surprising that talk of "technical bankruptcy" and “service insolvency” is growing.
It was another tough session for the market as buyers have decided to cool their heels and refuse to take the early rally bait. There wasn't much news but the longer the market drifts, the more time for some to realize the Dow made a 9,000 point rally and maybe it's due for a pullback of sorts.
North Korea has not broadcast the cancellation of the talks to its own population. That probably explains its extension of another invitation to cooperate in its domestic propaganda. The difference in this offer is a lack of mutuality.
Once a majority of a country’s voting-age population is riding in the wagon of government dependency, it is very difficult to build political support for reform. Now I have another story that perfectly symbolizes Greece’s dysfunctional situation.
Safeway has agreed to sell its Canadian stores to Sobeys. Safeway will receive about $4 billion after taxes and expenses, which will be used to pay down $2 billion in debt, and repurchase shares. Safeway’s long-term debt ratio is high at 60%.
All of this means that fetus-phobic countries face economic irrelevance, and when they add the additional toxin of socialism, the path to oblivion becomes even steeper and more slippery.
Going in a different direction with your mortgage is using mind over matter; or, even better, accepting greed and rejecting fear. It seems simple, but it could be more difficult than you think trying to accept a new way of action.
The President of R Street, a conservative think tank in DC, joined the program to talk about Ronald Reagan’s environmentalism. (It is possible a few liberal heads just exploded after reading that sentence.) John also presented this week’s Powerful or Pitiful award to a very deserving candidate.
President Barack Obama approved an increase in the so-called “social cost of carbon” calculation to $38 a metric ton. This number is used by government bureaucrats to weigh the cost and benefit of proposed projects, regulations and environmental laws; all without the hassle of actually understanding economics
For most of the year the stock market has skipped along like a carefree child at play on a sunny day. Now dark clouds are gathering above and that idyllic backdrop of flowers, confidence, and strong corporate earnings have yielded to an ominous backdrop of tumbleweeds, anxiety and so-so corporate earnings.
Even liberals would agree that this wasn’t the Hope and Change that they believe in. And it’s a sad state when we have to rely on China and Russia to point it out.
By the way, what makes the story in Virginia so pathetic is that Republicans normally get seduced into tax increases because of stupidity. As the Charlie Brown parody indicates, they get tricked into believing higher revenues will be used to lower deficits.
There is only one sure way to turn this country around, heading back to the recent past when American ideas and products were valued around the world because of their quality that came from our ingenuity & hard work, as well as our values, traditions and customs.
Common Core is taking on the same description as the NSA, IRS and DOJ: Creepy. Joy Pullman, with the Heartland Institute, joined the show to talk about the intrusive Federal Government overreach in our school system. Also, John points out, yes, Ransom Notes is dedicated to helping anyone reach the American dream.
South Korea and North Korea agreed on 10 June to hold high-level talks in Seoul on 12 and 13 June, according to an official in South Korea's Ministry of Unification. They reached agreement after 17 hours of working-level talks at Panmunjom.
I’ve shared some outrageous stories about bureaucrats ripping off taxpayers. So perhaps it is time to create a Bureaucrat-of-the-Year Award to honor the parasite who best exemplifies the unofficial SEIU motto of “Better Living on the Taxpayer Teat.”
In volatile times like these, your age is your best advantage. Investment choices depend largely on your time frame and feelings about risk.
The Equal Pay Act turned Fifty years old this week. . . And Liberals are still trying to “close the pay gap.” Maybe they should look at why there is a gap in the first place. Romina Boccia from the Heritage Foundation joined the program to discuss the free market’s answer to the war between the sexes.
George Gilder, whose new book publishes this week, is one of the original pillars of Supply Side economics.
The anxiety is so thick it's got everyone looking for a near-term correction and individual good news is ignored or swept under a rug. It's true 175,000 jobs for May is a major letdown in the grand scheme of things but it allows for a Goldilocks scenario of (tepid) growth coupled with massive money-printing.
Let’s juxtapose this new, do-nothing government, which we have been enjoying the last few months, with the all-activist, all-the-time government that we’ve gotten from the Democrats since 2006.
It is reported that Henry Kissinger, commenting on the Iran-Iraq war, said something to the effect that, “Too bad both sides can’t lose.” I have the same attitude about the fiscal fight in Europe. On one side, you have “austerity” proponents of higher taxes. On the other side, you have Keynesianswho think a higher burden of government spending will produce growth
There is no longer any shock value in catching the President saying something diametrically opposed to reality. We are all too familiar with Barack "It-was-the-video" Obama and a plethora of other exaggerations and fantasies. Occasionally, though, he goes beyond his own standards for hypocrisy.
Well, it has finally happened: The temperature of Hell has dropped below 32 degrees Fahrenheit, pigs have full command of the skies, and I have found a sentence uttered by Paul Krugman with which I agree.
I am all in favor of research, as long as taxpayers don't have to pay for it. And mandated ethanol standards come at enormous cost.
When we get bogged down in the self-love of a man who adores his own reflection in the surface of a teleprompter because, more or less, he can read the same great speech over and over...well let's just say that's not an America built to last.
Look at how much faster the economy has grown since the communists were ousted in 1975 and replaced by a pro-market government.* And the poverty rate has plummeted from 50 percent to 11 percent!
Unfortunately it's not just France that suffers from such stupidity, it is all of Europe.
It’s hilarious how liberals see it: On the one hand they have to talk down to us, because we’re too stupid to understand anything, but on the other hand, we are so clever that we managed to gather more money and power than anyone else.
We've long noted the tax-avoidance motive that investors had for taking this action, as well as the factors that drove its timing, but we've never fully quantified just how much money was involved in the great dividend raid of 2012.
I’ve generally directed my hostility to the politicians, but the latest IRS scandal is leading me to reassess my views.
Collectively, states can shield all employers and at least 12 million taxpayers from the law’s new taxes, and still reduce federal deficits by $1.7 trillion, simply by refusing to establish Exchanges or expand Medicaid.
Rep. Fincher’s inability or unwillingness to remove the plank in his own eye is yet another example of how Republicans are generally lousy at making the case for spending cuts.
This year, it is reported that the poverty rate is expected to be roughly 15.1 percent and climbing. Between then and now, the federal government spent roughly $12 trillion fighting poverty, and state and local governments added another $3 trillion. Yet the poverty rate never fell below 10.5 percent.
The Liberty Amendment does not attempt to provide solutions to the lost revenues for the federal government. For me, the wisdom in this approach is a forced reduction in the size of the federal government along with re-thinking revenue sources.