A Republican candidate for US Senate was kicked out of a recent interview for having the audacity to point out a reporter’s disrespect and liberal bias. But, not before being personally insulted, ridiculed, and mocked over his views on Global Warming.
This month sported another amazing difference between the household survey and the payroll survey. The difference is so vast that looking at the numbers in isolation, one might think the results were from two different countries.
Basically, I contend that Gross Output (GO) is better than Gross Domestic Product (GDP) in measuring the economy. GO is an attempt to measure spending at all stages of production.
If you’ve ever been caught up in a case of really bad timing, then you probably know what the Fed is feeling right about now.
The March quarter was filled with all sorts of things -- from harsh winter weather to political items, and even the 2014 Winter Olympics -- as well as weaker-than-expected guidance from a number of companies.
Our astronauts are hitching rides to space on Sputnik, and Putin is providing the Air Force with the rocket engines for our space satellites… Yeah, this is a sign of American excellence. Also: Do you believe ANYTHING that comes out of this Administration?
If industrial-rich Eastern Ukraine falls the IMF Warns Bailout Needs "Significant Recalibration"
I don't know about you, but the safety I'm most concerned with right now is preventing the ignition of small town residents as freight trains of flammable liquids go through their cities. That would be a big benefit of Keystone... you know, besides the jobs.
Along with the “small-cap effect” — the basis of my recent $25,000 bet against Warren Buffett— the “sell in May and go away” market anomaly is one of the few that has stood the test of time.
As its name suggests, a large proportion — roughly half — of Global X’s ETFs are international, with China and the rest of Asia having the greatest presence in the provider’s portfolio.
Sigh. Another day, another grim Obamacare update. Actually, we have two updates on the never-ending disaster of government-run healthcare.
According to the pundits the consumer is back. All that pent up demand that has been discussed ad nauseum has finally shown itself. As a matter of fact the consumers were so intent on spending that they dug deep into their piggy banks (savings) in order to do it.
With everything that is going on in Ukraine, Asia, and the Middle East, it’s nice that Obama is finally deciding to get tough on somebody… But does it have to be US economic growth? Peter Morici joined the program to discuss the abysmal GDP numbers.
Right. Orwell was a Liberal... And what the heck were Republicans thinking when they lowered taxes in the 1980's? I mean, sure, we saw the longest peacetime expansion in American history, but that was most likely luck.
Real incomes adjusted for inflation are below 1973 levels ($51,670 vs $49,398), and there are 20% of households where not a single person has a job. In fact, there are so many variables to make the point the nation is in the blahs, and struggling for emotional footing.
You can blame it on the weather. Or no wait: you can blame it on Obama's tax increases. Or perhaps you can blame it on sequestration. Or the Fukushima nuclear disaster, war in Libya, the rich or Donald Sterling and the NBA. But just don't blame "them".
Using a comparison of Jamaica and Singapore, I recently argued that growth should trump inequality. Simply stated, a growing economic pie is much better for poor people that incentive-sapping redistribution programs that trap people in dependency.
The nice thing about Obamanomics, is that it never fails to take our breath away… Of course, that’s not always a good thing. Charles Butler also joined the program to talk about this administration’s complete lack of direction.
Overall, it appears 2014 may not be the breakout year President Obama and many Wall Street forecasters predicted, boding poorly for jobs creation.
But the IRS is a different animal altogether. They have virtually unlimited power to collect; so put them at the top of the list and get them paid off as fast as you can!
In The Long Goodbye, economist Andy Xie says People around the world will only begin to question their economic policymakers when they realize living standards are slowly worsening.
The recovery is great if you think that real economic progress is going from 247 billion to 300 billion burgers served.
With Europeans intrigued by America's unexpected success, Alexis de Tocqueville carried out an in-depth study of the new nation in the 1830s. He was quite impressed with our divided government, which featured the separation of powers.
The Obama recovery continues: In 20 percent of American families, no one works. (Is that the same thing as not having a job, or does it include people like Joe Biden?) Conn Carroll, Managing Editor or Townhall Magazine, joined the program to talk about repealing Obamacare, piece by piece.
Nowadays a good deal of the mega incomes are not accruing to the heirs of the Rockefeller and Ford fortunes but falling into the hands of middle class offspring who became entrepreneurs or worked hard to become top corporate managers, stars in the media, financiers, and the like.
Don’t you just love classic Disney movies? Animated cinematic adventures that espoused the importance of life values, growing up, and racism… Well, that’s what some lefty professor is arguing at Syracuse University.
Ben VanMetre at the Illinois Policy Institute mentions huge tax hikes that Progressives are angling for. The tax hikes are so steep and so universal that even thinking union members are against the hikes.
The key economic calendar starts again this week as we review important data releases, culminating with the latest on employment in America. In the grand scheme of things, even a "good" report will not be anything like the kind of jobs growth that is long overdue in this nation -based on Economics 101.
I periodically (some would say over and over and over again, though occasionally made more palatable by using humor and cartoons) warn that the United States should not become a European-style welfare state.
A new generation is rising. The most striking display at the recent CPAC was a barrage balloon emblazoned with the words War On Youth. It was lofted over one of the most popular booths there, Young Americans for Liberty.
It’s now official: America has unceremoniously buried its foreign policy… Of course, that’s assuming that the Obama administration ever actually considered adopting a policy in the first place. Joseph Klein, UN correspondent, joined the program to talk about our failure in the Middle East and Eastern Europe.
This middle class surge, empowered by the Internet, has befuddled the party establishments on both sides of the Atlantic. They are not used to an informed and active electorate holding their feet to the fire.
At first, it looked like an epic-fail (and I really hate that phrase) for Michael Bloomberg’s new gun control group, Everytown For Gun Safety. With a mere 25 people deciding to show up for an anti-gun rally, the “protest” looked more like an OFA Obamacare meeting.
It's not clear why striking back at friends and associates of someone who allegedly committed a crime should be legal, but legalities do not stop this president.
What happens when you have a big success story, like the spending cap in Switzerland that has dramatically slowed the growth of government, and then expect intelligent and coherent coverage by a government-run media outfit that presumably wants a bigger public sector?
I get viscerally anxious when I hear from intelligent, responsible people that they have dropped their family’s health insurance because Obamacare so significantly increased their premiums. But I cannot dispute that Obamacare has made that choice safer and more rational than ever before.
The current reform plan that has garnered bipartisan support, the one proposed by Senators Tim Johnson and Mike Crapo, would wind down Fannie and Freddie and replace them with new entities. In doing so it would also largely codify the Treasury’s zeroing out of Fannie and Freddie’s private shareholders.
I do not think conspiracy is the answer, but the real reason for this Census change is just as troubling, if not more so: incompetence.
This is what I say to union folks: You want to be involved in politics, then stop whining when politics doesn't go your way. You want to go back to bargaining for employees, rather than bargaining for politicians, then be my guest.
These bureaucrats are infamous for bone-headed initiatives.
This 42 year economist from French academe has written a hot new book: Capital in the Twenty-First Century. A recent review describes him as the man “who exposed capitalism’s fatal flaw.”
Many modern economists like to think of themselves as scientists, or at least something close to scientists. But instead of white coats they wear tweed jackets and instead of verifiable results they produce excuses