All five states at the bottom of the list have one thing in common: they got that way via "progressive" extreme-liberal politics, fueled by union activism, and promises that cannot possibly be met.
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.
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.
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.
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.
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.
Obama says we need more "balance" between security and liberty. The president would "not dwell on Mr. Snowden’s actions or his motivations". I will.
Are Sovereign bonds a major source of risk? One would think so. At least one should think so. Yet, just yesterday, the ECB whitewashed sovereign bonds as a no risk item.
An interesting Gallup poll shows Government Itself Still Cited as Top U.S. Problem.
Performance on 2013 origination is at record highs because of record low interest rates coupled with rising home values.
In the wake of the Gold Flash Crash six days ago in which prices suddenly plunged then recovered, numerous people have been wondering "who is the culprit".
This iw precisely the kind of war that Google hopes to avoid. And to avoid litigation fistfight wars, it instead engages in a more civil war of patent acquisition.
Notice how closely in sync the household survey has been to the establishment survey in terms of average gains or losses. A divergence developed in 2013.
Clearly, this is yet another bad report, with people dropping out of the labor force like mad. Amusingly, USA Today reports that "Paul Ashworth of Capital Economics says severe winter was the main culprit behind the disappointing job gains."
In general, hyperinflationists ignored the credit aspect even though credit dwarfs money supply. Those screaming that hyperinflation is at hand, have missed the boat and will continue to do so for the foreseeable future. Another equity bubble bust is around the corner, and that bust will be anything but inflationary.
Falling inflation is actually a good thing, but no one on the Fed sees things that way. Nor do any of the Fed governors see the enormous bubbles in stocks and corporate bonds they have created.
Some initial users loved it, some hated it or grew to hate it, and some were bored with it after the initial excitement wore off. Still other users complained that people were suspicious of them while wearing Google Glass.
In general, traders scream "manipulation" every time trades go against them. Perhaps some of them are. But traders never complain when trades spike heavily in their favor.
At least under Hussein, religious freedom existed. It doesn't now. Chaldean Catholics are targeted and killed simply because they are Catholic.
One thing we learned from the financial crisis in the US, and continued bank problems in Europe is the biggest portion of the mess is continually hidden