That liberals decided of their own accord that they would crown April Fools' Day--forever after-- as Obamacare Day, is again another irony that seems to be lost on people who believe that a variety selection of chilled cheeses is much more important than having a variety selection of competent doctors.
Bridgewater Associates did an analysis of pension funds recently and concluded 85% of them will fail if returns average 4%. Bridgewater notes that public pensions have just $3 trillion in assets to invest to cover future retirement payments of $10 trillion over the next many decades.
For Russia, a peaceful outcome means that Kiev agrees to a federalized Ukrainian state that recognizes Russian as a second national language. For the US, a peaceful outcome apparently means that Moscow agrees to refrain from interfering in Ukraine
Total government spending consumed only about 10 percent of economic output, historical-size-of-govtmost nations were free from the plague of the income tax, and the value-added tax hadn’t even been invented.
Watching what you used to consider television is about to get a whole lot more interesting. By now, most us have abandoned true broadcast television and left our “rabbit ears” behind for cable service of one kind or another.
Alternative investments are those outside of the three traditional asset classes: stocks, bonds or cash. Such alternative investments also can give diversity to your portfolio, as well as provide a safe haven during a crisis similar to the one in 2008.
Last year at the Milken conference, one speaker suggested that the State Capitalism model of China was superior to the Market Capitalism of the West. Niall Fergeson had a shocking response: During the past 30 years, China has boomed because it reduced government control of the economy from 80% to 20%.
The Los Angeles 2020 Commission studied amongst other things the sorry state of LA's pension mess. In a case of can-kicking extraordinaire, its recommendation was to appoint another commission to further study the problem.
Whenever Iran engages in talks about its nuclear program, the Supreme Leader seems compelled to remind the world that the nuclear program is not negotiable.
If there is one thing that every investor should understand, it is that often the conventional wisdom on Wall Street just doesn’t play out. A prime example of this situation is the downtrend in interest rates so far in 2014.
I certainly don’t disagree with the notion that our healthcare system is absurdly expensive and ridiculously inefficient. In other words, the folks on the left have accurately diagnosed a problem. However, do these flaws prove “the case for single payer”?
Louisiana State Senator, Elbert Guillory, said that Democrats are trying to keep citizens on the Government Plantation. And, judging by the way they foster dependency on government programs, he might be right. Ransom also talked about Eric Holder’s pathetic charges of racism.
Fortunately, Democrats have got the great constitutional lawgiver, the greatest president in the history of the Milky Way and former Accidental College two-time student of the week winner to help us overturn 238 years of history and common sense.
It probably will be difficult or impossible for Ukraine to to take back their Government building without violence. Violence and a request for aid by the activists might be "sufficient" grounds for Russia to respond with an armored intervention force.
Mary Barra, CEO of General Motors, was called before Senate and House Committees last week to explain why a faulty ignition switch, responsible for at least 13 crash deaths, was not recalled for several years in vehicles manufactured by GM.
President Obama and many other leftist politicians are running around the nation claiming that supposedly greedy employers are deliberately choosing to reduce their profits.
I've just returned from a fascinating -- and sobering -- weekend in Estonia. If you're like most Americans, you may not know that Estonia is one of the three Baltic States that until 1991 were part of the Soviet Union.
It seems so long ago that we were dealing with liar loans, Ninja loans, and a host of other subprime funding vehicles. Perhaps one of the biggest culprits was the General Motors Acceptance Corporation. GMAC was a poster child for what was wrong with the lending practices so prevalent at the time.
Last week, National Intelligence Director Gen. James R. Clapper sent a brief letter to Sen. Ron Wyden, D-Ore., a member of the Senate Intelligence Committee, in which he admitted that agents of the National Security Agency (NSA) have been reading innocent Americans' emails and text messages and listening to digital recordings of their telephone conversations that have been stored in NSA computers, without warrants obtained pursuant to the Constitution.
Deciding that bribing women with free birth control could only take them so-far, Democrats have decided to tackle “Equal Pay”… This tactic has been adopted, most likely, because simply creating jobs has proven too difficult for a community organizer from Chicago.
Today, another fistfight between pro-Russia separatists and loyalists broke out in parliament. On Sunday Pro-Russian protesters seized state buildings in three east Ukrainian cities. The Ukrainian government says separatists rigged a building in Luhansk with explosives, a claim the separatists deny.
When I see the Russell 2000 getting hammered, I often think of all the failed revolutions throughout history. Sure, there are probably more professional traders in the small-caps and highflyers, but the index and a large chunk of its participants reflect that kind of us-against-the-powerful that underlines rebellion.
One of the best ways of reducing crime is to make anti-social behavior more expensive. Simply stated, the goal is to alter the cost-benefit analysis of criminals.
Comrade Putin thinks he can push NATO around because he has the ability to disrupt the global economy. Well, he only has as much power as the US and Europe decide to allow him. There’s a reason the Cold War ended – and it wasn’t because Russia’s all that powerful…
Puerto Rico is in the terribly awkward position of territorial status. Puerto Ricans are U.S. citizens. Yet they are not entitled to vote for president. They have a “resident commissioner” to, not a full Member of, Congress. They have no Senators.
About 50 of us currently on the FreedomFest Asian cruise heard famed financial guru Jim Rogers (“The Adventure Capitalist”) speak on his living in Singapore and your latest investment advice. He is an old friend who, as the former partner of George Soros, made millions of dollars in a joint hedge fund.
Eric Holder (ya know: the guy that helped run “Operation Fast and Furious” which ran guns from the US to Mexican drug cartels) spoke before Congress on Friday about the importance of tracking the lawfully owned firearms in America.
Further compounding president Francois Hollande's problem with the European Commission Rejection of France's Proposal for Deficit Target Leniency, the socialists are in open revolt against new Prime Minister Manuel Valls.
If Russia intends to extend its sphere of influence in eastern Ukraine, recent Ukrainian regime and NATO moves might require Russia to accelerate its operations and meddling.
This points to the difference between government and business and shows you why government shouldn't be in business. They should spend their time governing!
The Justice Department has explicitly stated that arresting significant figures at financial institutions would be too disruptive to not only the institutions themselves which are the real fabric of Americana (huh?) but also to the economy which is so dependent on their decision making.
Obamacare is great! (Which is why the President has been unilaterally altering it as needed.) The recovery is steaming ahead! (Which is why we need to extend unemployment benefits.) This administration has made a career out of misleading the American public… And Dr. Larry Kawa has decided to take the President to court. Literally.
My tireless (and probably annoying) campaign to promote my Golden Rule of spending restraint is bearing fruit. The good folks at the editorial page of the Wall Street Journal allowed me to explain the fiscal and economic benefits that accrue when nations limit the growth of government.
The recently ended March quarter was one filled with all sorts of things, including harsh winter weather, political issues, the 2014 Winter Olympics, as well as weaker-than-expected guidance from a number of companies earlier in the quarter.
It will be amusing to see what sleight of hand magic Hollande proposes in its next budget proposal to Brussels.
The aims of federal policies have gyrated wildly over two centuries, and most policies have failed, as is evident from the poor economic conditions on many reservations.
What’s so impressive about getting some people to sign up for plans when they can get something that’s subsidized by taxpayers or other consumers? Nothing. It's pathetic.
While watching the President speak isn’t completely unlike grinding a cheese grater across one’s forehead, I prefer the written word over watching a Harvard graduate read from a teleprompter. That’s mostly because it lends itself more to editorial narration:
Yes… I attend all Illuminati meetings when they are held in my district. We meet in a private room in Applebees, with Ricky Bobby, Oliver Stone and occasionally the disembodied voice of JFK chairing the event.
How much has the average cost of attending college at four-year degree-granting institution in the U.S. risen since the 1969-1970 school year?
Electing this eloquent, Harvard-educated husband, father, and United States Senator was America’s attempt at validating the racial reconciliation where she believed herself to have finally arrived. Barack Obama was, simply put, exactly the wrong person to come along at exactly the right time.
If it were technologically possible to build a cost-effective truck or SUV that had the size and safety Americans want and that got 50 mpg, that manufacturer would have the car-buying public beating a path to its door.
If you specifically want to know the best and worst states, I’ve put together a list. But I’ve reversed the order. The state with the lowest tax burden is #1 while the state with the greediest politicians is #50.
There is a culture of privilege which runs deep through our government. And its nothing new, though it does seem to have been taken up a notch with this administration.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 22nd, 2014 | John Ransom