Thanks to Fed printing presses coupled with an extreme case of irrational exuberance, those over 40 years old have recovered losses from the great financial collapse. However, Millennials Remain Mired in Wealth Gap, as Others Recover...
Even mostly symbolic increases in NATO military activity are enough to remind Russia's leaders that Russia and Russian forces are not strong enough to risk revitalizing NATO's military power. NATO finally has gotten Moscow's attention.
I’m a supporter of a single-rate tax regime, especially if there’s no double taxation of income that is saved and invested. That’s why I like the flat tax.
One of our cherished rights in this country is our 1st Amendment guarantee of free speech. Throughout our history, Americans have been allowed to speak their mind no matter how controversial the topic. Unfortunately, over time, this right has been steadily diminishing and the forces of censorship are winning.
Really? 7.1 million Obamacare enrollees? Michael Cannon from Cato says that the number borders on preposterous. But even if it is true, it’s still not enough to save the boondoggle that Obamacare has become… Heck, it doesn’t even redistribute wealth effectively. Also… Ezra Klein is still an idiot.
The economy created 192,000 jobs in March, down from 197,000 in February, and still well below the pace needed to lower underemployment to respectable levels. Those mediocre results are consistent with a broadly underperforming economy.
Brendon Eich, the newly appointed CEO of Mozilla, has stepped down amid outrage from the Left over his support of traditional marriage. Ironically, the Left called for his public beating and corporate crucifixion because he’s “not tolerant” enough.
It's a mixed bag in Asia, but all things considered an overall weak one. Let's take a look at the data to see what bulls and bears have to cheer about.
We see that in real terms, the median wage or salary earned by American men has stagnated since the early 1970s, even though the percentage of the adult male population in the U.S. who have completed at least four years of college has doubled in that same period of time.
I’m frequently baffled at the stupidity of Republicans. When they took control of Congress back in 1994, for instance, they had unrestricted ability to get rid of the bureaucrats that generated bad economic analysis at both the Joint Committee on Taxation and the Congressional Budget Office.
Anyone else see something wrong with this picture: A bunch of Union-backed millionaire Democrats are whining about the Koch brothers “corrupting” the political process with their money… Also: Debbie Wasserman-Schultz says that there is nothing she would change about Obamacare. (Wow.)
Russia is the market that investors love to hate. When asked about Russia, Charlie Munger, Warren Buffett's partner at Berkshire Hathaway (BRK-B), harrumphed: "We don't invest in kleptocracies."
Yesterday the nation’s highest court ruled that another part of McCain-Feingold is unconstitutional. Chuck Schumer, of course, seemed worried that the ruling would allow Conservative activists a way to avoid targeted IRS audits.
After all the snafus and mistakes and bad intentions on healthcare reform from this administration, I'm waiting for a plague of frogs and locusts-- with water running red out of the jugs-- to be discovered in a hidden codicil of Obamacare.
The bloom is about to come off the High Frequency Trading bloom, but only after billions and billions of dollars were skimmed off trades.
What if the National Security Agency (NSA) knows it is violating the Constitution by spying on all Americans without showing a judge probable cause of wrongdoing or identifying the persons it wishes to spy upon, as the Constitution requires?
Believe it or not, the GOP is not completely incapable of reaching minority groups… In fact, the Republican Party has an amazing opportunity before 2016 to expand its message to traditionally Democrat-leaning demographics. Amanda Muñoz, associate editor at Townhall magazine, also joined weighed in on the show.
Twenty million Americans over 25 are working part-time. ObamaCare and the Earned Income Tax Credit (EITC) encourage low wage employees to work part-time to avoid losing benefits, and employers are limiting workers to less than 30 hours per week to avoid health insurance mandates.
So far, 2014 has been a paradoxical year for gold. Many investors aren't even aware that it has rallied almost 8%. On the rare occasion that the financial media mentions the yellow metal, it is only in the context of comparing the recent rise to last year's decline.
A petition has been started to toss Mozilla’s CEO out on the street, because gay marriage advocates are too intolerant to allow a man who believes in traditional marriage to stay in the corporate world.
In this week when Obamacare finally turns one day old, the political problems that our economic recovery face have never been on better display.
France's overall tax burden is 46% among the highest in Europe, and yet debt is still 93.5% of GDP. France is collecting money, but what is it doing with it? The answer of course is wasting it on socialist dreams.
The Russians have pledged to dedicate funds to improve Crimea power supplies, water lines and education. They also announced that Russia will make Crimea a special economic zone, with tax breaks and stream-lined bureaucratic rules in order to attract foreign investors and tourism.
he percentage of America who think investing $1,000 in the stock market is a good idea remains well below the peak of 2000, although up significantly from that March 2009, low point. How could this co-exist with a five-year rally where the Dow is up almost 10,000 points?
Congressman Paul Ryan, the Republican Chairman of the House Budget Committee, has unveiled the GOP’s latest budget plan. Is this proposal deserving of applause or criticism? The answer is yes and yes, with a bit of emphasis on the former.
Obamacare was sold, and implemented, on the backs of lies and scams. But, then again, this isn’t really anything new for the Left. The President of the Heartland Institute joined the program to discuss the Left’s inherent dishonesty about Climate Change as well.
The Suburban financed with a home equity loan, Home equity loans, CEO of Countrywide Joseph Mozillo’s tan, Lehman Brothers...
From the very beginning, Healthcare Reform was more about earning Democrats “street cred” among the uninsured than improving a failing healthcare system. (This, by the way, is part of what makes it so darn pleasing to see Democrats scramble away from the political napalm that is “Obamacare”.)
In the wake of a 60-Minutes report on High Frequency Trading, numerous people have sent dozens of links. Is it criminal, or a consequence of free markets?
South Korean and Allied exercises of contingency plans to capture Pyongyang always set the North's teeth on edge, even though the North' exercises involve taking all of South Korea by force. The hypocrisy is lost on the North.
While foreign policy ineptitude and the inability to put together an e-commerce website - in an age when such sites are erected daily - come from the same wellspring of arrogance, in the end it's the anemic economy that's slowing down the Utopian dreams of President Obama.
Based on what’s happened in Greece and other European nations, we know from real-world evidence that even nations from the developed world can spend themselves into debt trouble. This has led to research that seeks to pinpoint when debt reaches a dangerous level.
The trend to secede does not imply a wholesale redrawing of national borders. It presents, rather, a signal of popular dissatisfaction with remote capitals and big, inept, governments. It is a signal to national governments to dial it back … and get it right.
Let's look at the bright side: All the extra time you don't have to pay a mortgage you will have the money to do something you would really like: travel, develop a hobby, retire, run for Congress or become a senior statesman!
Many years ago they called it having an edge, knowing a little more than the next guy. In the 20’s it was simply letting a few select insiders have the information about an action before the action was taken. After the crash of ‘29 rules were implemented to discourage the practice of trading on inside information.
The solution may be to permit universities to form football and basketball teams “affiliated” but legally separate from their institutions. Those private corporations could partner with a major pro franchise, be financed by game day revenues, TV rights and contributions from their pro team, and pay universities rent and royalties.
It's an indictment not just to tax hikes, but to Illinois, Chicago, Rahm Emanuel, Jesse Jacksons-- senior and junior-- anyone named Daley, practically any Illinois governor not indicted in my life time—we’ll call them unindicted co-conspirators-- and our current president of the United States (Present!) Barack “The-H-stands-for-Tax-Hike” Obama.
We don't yet know what level mortgage rates would have to reach to send the trend for median new home sales on a downward trajectory to begin deflating the second bubble. Given how apparently weak the U.S. housing market continues to be, we hope to not find out anytime soon.
Having a secretive, self-funded, extra-constitutional agency inside government was bad enough when the Fed consisted of seven governors and a few staff members.
In a move that garnered more attention than newly elected New York City Mayor Bill de Blasio probably expected, a decision was made to close some, and limit the growth of other Charter schools in New York City.
A lack of consensus on tax reform issues and relatively little time to advance any legislation -- without the long-shot possibility of becoming an amendment to a broad budget bill -- leave little hope to make any progress on the short term.
Joining us this week is Bob Picciano, senior vice president of IBM's Information and Analytics Group, and we hit the ground running talking about Big Data.
For years, I have liked to travel on United Airlines. Liked. Past tense.
Like a high-school teenager tweeting support for Justin Bieber, our State Department spox posted a selfie with the hashtag #UnitedForUkraine in a display of support… Have we friended them on Facebook yet? Are they in our Google+ circle?
Electric cars aren't new. They've been around for 100 years, just like socialist governments. Only the Democrats would insist on taking two things that have failed so miserably for four or five generations and call them new ideas.
Tim Geithner preached to Congress that financial Armageddon was right around the corner if Congress failed to pass a resuce package. Congress did pass a packages on the second attempt. Then Geithner promptly changed the terms of it to do what he wanted with the money.
In Other News: Law "Enforcer" Eric Holder Understands People's Mistrust of Law Enforcement | Michael Schaus
In Other News: Good News for Mexican Drug Cartels Seeking Some Slightly Used DOJ Hard Drives | Michael Schaus