Every economic bubble in history started with reckless expansion of money supply and credit, reckless manipulation of interest rates, or government promotions of "low-risk" something for nothing schemes.
North Korea's open letter to the South lists the same tired and failed old projects of the past without offering a single innovative or constructive idea.The North's leaders are replaying the old Kim tapes of the past. They need a new line.
When I posted a video about “libertarian porn” back in 2010, readers presumably were either relieved or disappointed that there was no nudity. I may get the same reaction today, because we’re going to have a discussion – Don't worry, it's G-rated – about what our British friends are referring to as “poverty porn.”
Ezra Klein is leaving the Washington Post – but that doesn’t mean he’s any less of an idiot. Also, Alyene Senger, with the Heritage Foundation, joined the program to discuss what Obamacare policies will kick in in 2014.
So, stop me if you heard this one….Two lesbians put up an ad on Craigslist looking for a sperm donor.
Iranian Foreign Minister Mohammad Javad Zarif insisted Wednesday that the Obama administration has mischaracterized concessions supposedly made by Iran. He said, simply and clearly, "we did not agree to dismantle anything."
The President’s main “accomplishment” has been such a disaster that I wonder whether it’s time to feel sorry for Obama. And if you looked in the dictionary for a definition of Schadenfreude, you might find a picture of me reading a story exposing more evidence that Obamacare isn’t working.
Edmund, Ned, Phelps certainly did not need to write Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change to make a name for himself. His work on labor market economics was both solid and itself innovative enough to earn him the Nobel Prize in Economics in 2006. But Phelps is concerned about his country.
Now there is word leaking out that the Obama Administration threatened S&P ahead of America’s credit downgrade. Given the other examples of Obama wielding the power of government to punish his political opponents, is this really surprising?
Is anyone, anyone, surprised by this? I can remember the moment I heard that S&P had taken US debt from AAA to AA+. I had 2 thoughts. The first was, “Wow.” The second was, “Wow, the Obama administration isn’t going to like this.”
Obamacare does not mandate healthcare coverage for part-time employees (defined as those working less than 30 hours a week). As a direct result, numerous retail stores including Trader Joe’s and Home Depot have already stopped offering healthcare plans to part-time workers.
In his annual letter, Bill Gates opens with a statement that I've been saying for a few years. In fact, my investment thesis begins with global peace and prosperity. It's amazing how many people snicker at this notion without ever taking a second to consider its authenticity or merits.
Prime Minister Netanyahu warned today that if Arab rocket attacks did not stop, a very hard Israeli response would come very soon. Netanyahu made the remarks during a visit by Canadian Prime Minister Stephen Harper.
Will you be watching the State of the Union? Really, what’s the point? Conn Carroll, managing editor for Townhall Magazine, joined John in a discussion about income inequality, poverty, and the left’s failed attempts to tackle societal issues.
When people talk about being “rich” what most folks mean in my experience is the ability to live free from the day to day pressure of bills and credit ratings and college tuition lurking in the future, or in one’s past. Being rich for most people means being independent.
A few years ago, I walked into a local Borders bookstore as it had just been announced that the former retail behemoth was closing their doors for good. Consequently, I couldn’t help but think the retail (bricks and mortar) shopping experience was coming to an end.
Geithner joins a distinguished group of Obama scofflaws including the IRS, NSA, Eric Holderbeast, the Department of Energy, Lois Lerner, the Department of Justice, the National Park Service, Hillary Clinton, Debo Adegbile, Nancy Pelosi, Harry Reid, Sneezy, Doc and Hopey
According to the New York Post, the city’s wealthiest neighborhoods are being deliberately left out in the cold by New York’s Class-Warrior Mayor. Wealthy New Yorkers are being left to contend with nearly a foot of global warming (or...err..."snow"), without any aid from city workers. (Take that you capitalist pigs!)
When Abenomics doesn't work, what is prime minister Abe likely to do? I believe the answer is what all Keynesian fools do: embark on still more printing and competitive currency debasement, coupled with still more fiscal stimulus, in a further foolish attempt to make such policies work.
It's rare that I think anything in Time magazine is intriguing, or even true, but it's become so paper-thin that I still thumb through it. After all, there are powerful people who continue to hold it in high esteem. But a headline I saw on Monday was compelling.
"It’s time to apply the same rules from top to bottom: no bailouts, no handouts, and no cop-outs. An America built to last insists on responsibility from everybody. Except for me." - Paraphrase from president Obama’s 2012 State of the Onion
On the first day the agreement becomes effective, Iran has done what it has agreed to do. None of this means Iran has taken steps to dismantle its nuclear program. On the contrary, it means the West has accepted that Iran has significant nuclear capabilities, and must pay handsomely for minor interruptions.
A bunch of well-connected rich people and government officials are descending upon Switzerland for the annual World Economic Forum meeting in Davos. This upsets many people, and perhaps with some justification. After all, bad things often happen when big business and big government intersect.
Is Barack Obama starting to look defeated? Between the scandals, the gridlock, and the failures of Obamacare, Obama might finally be showing some signs of defeat. Also, Neil Grossman discussed the impending doom of Social Security, Medicaid, and Medicare.
Although I am a PC guy, I have the greatest respect for Apple and Steve Jobs. Consider this: Apple became the largest company in the world (by valuation) without gaming the political system.
Apparently it’s a rule that, as a lawmaker, you have to tackle societal concepts with which you are stunningly unfamiliar. State Senator Kevin De Leon, (Democrat from the Socialist Republic of California’s crime ridden city of Los Angeles) recently put his amazingly acute idiocy on full display while talking about gun control.
Highland Park, Michigan is on the brink of bankruptcy. There is no other realistic way out of the fiscal mess the city is in. As is typically the case, public union pensions are at the heart of the problem.
If you’re a libertarian, you generally don’t act and think like other people. Most folks, when they heard about Governor Christie’s bridge-closing scandal, focused on the potential political ramifications.But not me.
Boyd Marcus is a good old boy. He was a Republican good old boy until he switched sides last year and endorsed Terry McAuliffe the Bill Clinton confidant, former head of the DNC, and accomplished crony capitalist.
The New American Oxford Dictionary defines totalitarian as: "of or relating to a system of government that is centralized and dictatorial and requires complete subservience to the state : a totalitarian regime." Might this be the progressives’ precision-guided purpose?
Are we any closer to achieving Martin Luther King Jr.’s dream after Obama’s tenure in the White House? If we judge by race relations, black unemployment, and Obama’s consistent charges of racism, I’d have to say “no.” Also, Brent Littlefield from Littlefield consulting joined the show to talk about the GOP’s chances in 2014.
If you use data from the Minneapolis Federal Reserve to compare the current business cycle to previous downturns and upturns in the U.S. economy, then the outlook is very grim. Simply stated, the American economy is enduring the worst performance for labor markets since the Great Depression. Still.
Christiana Figueres has suggested that only communism is capable of successfully fighting global warming and “climate change”. Of course it’s a strange statement, given the Soviet Union’s abysmal record on environmental issues, and red China’s horrific display of environmental abuse.
In terms of long-term solvency (the most critical issue), New Jersey and Illinois are at the bottom of the heap. Pension plans and union activism are to blame.
One would suppose that properly-thinking, modern progressives-- who worship all things science and have no time for mumbo jumbo about faith and religion- would have data to support that their policies will cool the earth, solve world hunger, improve education, or at least pay female White House staffers commensurate with men.
Charity, education, health care, and even the separation between church and state lay as casualties along the path of secular accommodation.
Greece could have defaulted in 2009 with perhaps a €40-50 billion mess to cleanup. In a foolish attempt to prevent contagion, the nannycrats turned a relatively small mess into major €325 billion problem, virtually assuring the contagion they set out to prevent.
Suppose politicians were free to spend money in ever increasing amounts, and that the only rule they had to follow is that each additional expenditure they make would have to be exactly one dollar more than their previous highest expenditure.
In the battle for jobs and investments, nations can change policy to impact their attractiveness, but they also can gain ground or lose ground because of what happens in other nations.
These people couldn't run a lemonade stand. They sure shouldn't be running our health care system.
If President Obama truly wanted to “create jobs and opportunities for the middle class,” he could tell the U.S. Forest Service (USFS) to work with—instead of against—people and companies who are ready to risk their capital in the development of our natural resources and create jobs.
Nothing about the budget deal looks as if it is going to be a benefit… But at least there will be some certainty in DC as we move into 2014. The real question is whether or not anything will change between now and election time. Charles Payne, from Fox News, weighed in on budgets, the market, and 2014.