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The Department of Labor's WARN (Worker Adjustment and Retraining Notification) website may have been exempt from layoff notices related to the fiscal cliff, but it still provides a sufficiently (bleak) complete picture about the real nature of layoffs and business cycle in general in America's busiest city. Which is why it was precisely using the WARN website that we learned that one of New York's most historic steakhouses, "NY's Prime Steakhouse since 1927" Gallagher's, located on 52nd street, and which survive the great depression, is shutting down on January 16. Surely neither the surging price of meat, nor the ability...

If you want to understand how the United States became the most prosperous society in the world, start with the ballpoint pen. László Bíró, a Hungarian who had fled the Nazis and gone to Argentina, invented the first working solid-ink pen. When the owner of Goldblatt’s department store in Chicago showed the contraption to a passing salesman named Milton Reynolds, Reynolds decided he could do it better. The year was 1944. American factories were producing a warplane every five minutes, 150 tons of steel every hour, eight aircraft carriers a month. Milton Reynolds knew nothing about this kind of heavy...

By Dr. Phil Taverna I ran across this book in my travels. And it peaked my interest. Who was the Forgotten Man? According to Amity Shlaes, her book, The Forgotten Man  is someone that will peak your interest for sure. When I first saw the expression, I expected to see a book written by a commie liberal and it was about the plight of the blacks and minorities who can't seem to get a fair share no matter how much money we throw at them.This book is mainly about FDR the biggest commie of the 40's but it also gives you...

Economic Depression Within The Great Depression Economics / Great Depression II Oct 22, 2010 - 01:52 PM By: James Quinn By James Quinn, Contributor, The Casey Report : Regular Casey Report contributor James Quinn is the head of strategic planning for one of the world's most prestigious business schools and the host of TheBurningPlatform.com blog. In this article, he is presenting historical indicators that may tell us what’s in store for the U.S. economy. In recent months, worshippers at the altar of Keynes have been hyperventilating over the possibility Congress will run a deficit of “only” $1.5 trillion in 2010....

I just bought a Kindal and and was reconnected to the written word, after our local book store went South and I ain't driving 40 miles when I get a word lust. I have been interested in the overthrow of the Constitution during the FDR Dictatorship, my Grandfathers discription, but Amazon is difficult to search most of what I find is FDR butt lickers. I have read a number of LS type economists but the list is rather short on the site, need help.

Before my spirited exchange with my esteemed friend Amity Shlaes about the New Deal reaches the point of diminishing returns, it should be possible to agree on some points that may be applicable to current economic questions. I think we agree that Obamanomics has not succeeded, beyond a tentative stabilization, easily shaken by lack of public confidence in the regime and the absence of any serious deficit-reduction plan. We seem also to agree that unfocused fiscal profligacy on the scale of the $800 billion stimulus bill has not led to significant reductions in unemployment, that more of the same will...

Baby Bust: The Demographics of Global Depression by Spengler on December 08, 2008 Why will this recession be different, and likely much worse, than all the other recessions of the past? Imagine a Paleolithic village which has no children. When all the adults grow too old to work, everyone dies. Now imagine a country with a well-funded national pension system, also without children. Everyone retires on the same day, and the pension fund instantly goes bankrupt. These hypotheticals overstate the predicament of the industrial nations, who have too few children and too few old people, but it does not overstate...

After thousands of studies, hundreds of millions of prescriptions and tens of billions of dollars in sales, two things are certain about pills that treat depression: Antidepressants like Prozac, Paxil and Zoloft work. And so do sugar pills.Article