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Keyword: economics

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  • Politico Editor: Falling GDP Is Good

    06/26/2015 11:57:14 AM PDT · by PJ-Comix · 4 replies
    NewsBusters ^ | June 26, 2015 | P.J. Gladnick
    We have always been at war with Eastasia. ---Ministry of Truth, 1984. Falling GDP is good. It has always been good. And now that GDP has fallen in the first quarter and economic prospects don't look good for the near future, Politico's contributing editor, Zacary Karabell has discovered that falling GDP is good. In fact the title of this directive issued from the Politico Ministry of Truth flat out tells us that GDP’s Going Down? That’s Good!
  • This Confederate Store Owner Is Thrilled the ‘Big Boys’ Don’t Want to Sell Flag

    06/25/2015 5:20:15 PM PDT · by SoFloFreeper · 38 replies
    Time ^ | 6/24/15 | Katy Osborn
    "We're glad to see ignorant people getting out of the business" Major U.S. retailers say they’re done selling the Confederate flag—but Dewey Barber is just getting started. Under pressure, retail giants including Walmart, Amazon and eBay announced that they would pull Confederate flags and similar themed products from their websites. Barber, though, decided to do the exact opposite—he plans to begin manufacturing the Confederate flag and add it to the lineup on his Dixie Outfitters website, now that the “big boys” are out of the business.
  • Why Greece Won't Pay

    06/25/2015 5:24:18 AM PDT · by Kaslin · 37 replies
    Townhall.com ^ | June 25, 2015 | Victor Davis Hanson
    For almost six years Greece has been on the cusp of financial disaster. Its Northern European and international creditors have extended loans, suspended interest payments and forgiven some debt. But European lenders have also stubbornly kept to the old-fashioned principle that debtors freely borrowed their money from lenders, and therefore most borrowed money must be paid back, regardless of the current financial status of the debtors. Greece counters that after all sorts of austerity budgets, it simply can no longer inflict the necessary pain on its relatively tiny population to squeeze out enough cash to pay its well-off creditors. In...
  • Supreme Court says program that takes raisins from farmers is unconstitutional

    06/22/2015 7:46:00 AM PDT · by monkeyshine · 112 replies
    AP ^ | June 22, 2015 — 9:30am | AP
    WASHINGTON — The Supreme Court says a program that lets the government take raisins away from farmers to help reduce supply and boost market prices is unconstitutional. The justice said Monday that forcing raisin growers to give up part of their annual crop without full payment is an illegal confiscation of private property.
  • Do Americans hate their own founding principles? Economist Walter E. Williams says yes.

    06/22/2015 8:27:43 AM PDT · by fredericbastiat1 · 10 replies
    TheBlaze Books ^ | 2015-06-22 | Benjamin Weingarten
    in 1794, Congress appropriated $15,000 to help some French refugees, and James Madison stood on the floor of the House irate, and he said, and I’m quoting him: “I cannot undertake to lay my finger on that article of the Constitution, which granted a right to Congress of expending, on the [sic] objects of benevolence, the money of their constituents.” James Madison also said “Charity is no part of the legislative duty of the government.” Now, where the contempt comes in is that imagine that a presidential candidate … is running today, and he makes the same statements that James...
  • Pope Francis’s Relentless Pessimism Fuels His Faith in Politics

    06/19/2015 7:05:39 AM PDT · by all the best · 25 replies
    Mises Institute ^ | June 19, 2015 | Ryan McMaken
    Pope Francis’s new encyclical “On Care for Our Common Home” has been released to much acclaim from the mainstream media. One German news source declares “Papal encyclical could break climate change deadlock.” “Pope Francis' views on climate change present a moral challenge to many 2016 GOP contenders,” declares US News and World Report. Not in many decades has a papal document been so easily used as a tool for political and electoral ax-grinding. Indeed, we would not normally cover a papal document at mises.org at all. Benedict’s “Caritas in Veritate,” for example, was published without any mention in free-market circles....
  • STL Dem Mayor Francis Slay seeks to raise minimum wage to $15 by 2020...

    06/03/2015 10:47:30 AM PDT · by OriginalChristian · 10 replies
    St. Louis Business Journal ^ | 02 JUN 2015 | Jacob Kirn
    St. Louis Mayor Francis Slay is looking to raise the minimum wage in the city to $15 an hour by 2020. Missouri’s current minimum wage is $7.65 per hour. Slay’s proposal, expected to be formalized in a bill before the Board of Aldermen by next week, would include exemptions for small businesses that employ 15 people or fewer and those that do less than $500,000 in annual sales, Alderman Shane Cohn, who’s expected to sponsor the legislation, said in an email. “There’s obviously a lot of discussion that will be taking place in the coming weeks, and (I) look forward...
  • It's Socialism, not Deodorant, That Starves the Poor

    05/31/2015 6:36:52 PM PDT · by Kaslin · 42 replies
    Townhall.com ^ | May 31, 2015 | Jeff Jacoby
    WHAT THIS country needs, says Bernie Sanders, is less deodorant. The 73-year-old senator from Vermont, now running for the Democratic presidential nomination, told CNBC's John Harwood in an interview on Tuesday that because American consumers can choose from so many brands of personal-care products, kids are going to bed with empty bellies. "You don't necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers when children are hungry in this country," Sanders lamented. He didn't explain exactly howthe profusion of toiletries and athletic footwear leads to childhood hunger, but for the only self-described socialist...
  • Economy Contracts; White House: Everything’s Still Cool

    05/29/2015 12:29:44 PM PDT · by Kaslin · 22 replies
    White House Dossier ^ | May 29, 2015 | Keith Koffler
    The White House today downplayed news that the economy contracted 0.7 percent during the first quarter of the year, arguing “the most stable components of GDP” were growing quite nicely. The new number was a downward revision of the previous estimate that GDP had increased by a mere 0.2 percent. From White House Council of Economic Advisor Chairman Jason Furman: Today’s downward revision to GDP growth was entirely accounted for by revisions to inventory investment and net exports, with other changes being small and neutral on balance. The first-quarter slowdown was the result of harsh winter weather, tepid foreign demand,...
  • Minimum Wage? How About a Maximum Wage?

    05/21/2015 2:19:19 PM PDT · by Oldeconomybuyer · 17 replies
    The Huffington Post ^ | May 21, 2015 | by Jack Rothman
    I see that unions, led by the Service Employees International Union, are out in full force championing the $15 an hour minimum wage. Business leaders scoff at this. The average CEO earns just over 350 times as much as the work force below. Those executives need to come down from the stratosphere and breathe real air. If we truly want to make that happen, how about joining the new $15 minimum wage with a $15 million maximum income? Could CEOs somehow manage to subsist on that? I think so. And then all of us could live pretty comfortably and in...
  • How Government Inaction Ended the Depression of 1921

    05/20/2015 7:42:14 AM PDT · by all the best · 4 replies
    Mises Institute ^ | May 20, 2015 | Llewellyn Rockwell
    As the financial crisis of 2008 took shape, the policy recommendations were not slow in coming: why, economic stability and American prosperity demand fiscal and monetary stimulus to jump-start the sick economy back to life. And so we got fiscal stimulus, as well as a program of monetary expansion without precedent in US history. David Stockman recently noted that we have in effect had fifteen solid years of stimulus — not just the high-profile programs like the $700 billion TARP and the $800 billion in fiscal stimulus, but also $4 trillion of money printing and 165 out of 180 months...
  • Los Angeles Raises Minimum Wage to $15 an Hour

    05/19/2015 2:48:15 PM PDT · by Oldeconomybuyer · 64 replies
    New York Times ^ | May 19, 2015 | By JENNIFER MEDINA
    LOS ANGELES — The nation’s second-largest city voted on Tuesday to increase its minimum wage to $15 an hour by 2020 from the current $9 an hour, in what is perhaps the most significant victory so far in the national push to raise the minimum wage. The increase — which the Los Angeles City Council passed in a 14-1 vote — comes as workers across the country are rallying for higher wages. The impact is likely to be particularly strong in Los Angeles, where, according to some estimates, more than 40 percent of the city’s work force earns less than...
  • Subsidizing and price fixing us into the poorhouse

    05/18/2015 4:58:07 AM PDT · by HomerBohn · 9 replies
    Personal Liberty ^ | 5/18/2015 | Bob Livingston
    The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.” — Henry Hazlitt, “Economics in One Lesson” One of the greatest fallacies of recent generations is the argument that free market capitalism has failed and that said failure is responsible for America’s moribund economy, the ongoing destruction of the middle...
  • Exports Drive Economic Growth in the States

    05/11/2015 2:21:32 PM PDT · by ThethoughtsofGreg · 3 replies
    American Legislator ^ | 5-11-15 | Karla Jones
    International trade is a job creation engine that supports more than one in five jobs nationwide. Every state benefits from exports, and Texas, California and New York have the highest export revenues. Even states earning less than the top three states receive billions of export dollars. The United States is in the midst of negotiating three major trade frameworks (Trans-Pacific Partnership [TPP], Transatlantic Trade and Investment Partnership [TTIP] and Trade and Investment Services Agreement [TISA]) that will be difficult to conclude without trade promotion authority (TPA). Trade Promotion Authority – The States Are Stakeholders provides background on TPA and the...
  • Trade Autarky: Do It For the Children!

    05/08/2015 6:42:20 PM PDT · by rey · 14 replies
    Mises Canada ^ | 8 May 2015 | Robert Murphy
    What was impressive about this sentiment is that it doesn’t even focus on a trade deficit. No, just the brute fact of buying imports per se is (apparently) enough to doom our children. Before unpacking the specific problems with it, let’s warm up by listing some equally plausible questions: ==> If we continue to buy groceries, where will our children garden? ==> If we continue to buy oranges from Florida, where will New Yorkers work? ==> If we continue to buy from people outside the family, where will our cousins work? ==> If we continue to buy from stores where...
  • Chapter 5: Taxes Discourage Production(Christian Economics in One Lesson)

    05/07/2015 7:26:53 AM PDT · by all the best · 1 replies
    Gary North's Specific Answers ^ | May 2, 2015 | Gary North
    The people of Israel wanted a king. They heard of the nations around them, and they were told that these nations had strong central governments. Each was led by a king, who embodied the power, prestige, and glory of his nation-state. The system of civil rule in Israel at this time was based on decentralized tribes. Each tribe had a system of judges. There was no legislature. There was no central civil government. Samuel was both a priest and a civil judge. Representatives of the people of Israel came to him and asked him to anoint someone to serve as...
  • Los Angeles Latinas Fast to Raise Minimum Wage

    04/29/2015 2:23:57 PM PDT · by Oldeconomybuyer · 26 replies
    NBC News ^ | April 29, 2015 | BY GRISELDA NEVAREZ
    Wednesday was Anggie Godoy's 14th day since eating her last meal: French fries covered with grilled meat, cheese and guacamole. She hasn't had anything to eat since then - just water. "There are days where it's good and there are days where it's bad," she said about her fast. But what keeps her going is knowing that she's fighting for something just as critical to her survival. The 19-year-old daughter of Guatemalan immigrants is among a group of women who are close to completing a 15-day fast in Los Angeles. They hoped to persuade city council members there to raise...
  • Sen. Patty Murray, Democrats to propose $12 federal minimum wage

    04/29/2015 2:07:02 PM PDT · by Oldeconomybuyer · 28 replies
    Seattle PI ^ | April 29, 2015 | By Joel Connelly
    A phased-in, $12-an-hour minimum wage will be proposed Thursday by Sen. Patty Murray, D-Wash., with Democratic Senate leader Harry Reid and House Minority Leader Nancy Pelosi on hand to offer support. As many as half or more of the Senate’s 46 Democrats are expected to support the proposal. The $12 wage is higher than the the $10.10-an-hour minimum wage proposed by President Obama. Once a bipartisan cause — the last minimum wage increase was passed by a Democratic controlled Congress and signed by President Bush — efforts to raise the current $7.25-an-hour federal wage have been blocked in Congress. Speaker...
  • Christian Economics in One Lesson: Chapte4

    04/27/2015 8:28:50 AM PDT · by all the best · 2 replies
    The Tea Party Economist ^ | April 25, 2015 | Gary North
    Public Works Mean Taxes For the lips of a strange woman drop as an honeycomb, and her mouth is smoother than oil: But her end is bitter as wormwood, sharp as a two-edged sword (Proverbs 5:3-4). The author of Proverbs in the first nine chapters contrasts the faithful wife with the strange woman. He uses the metaphor of the strange woman for alluring lies that ultimately betray the person who accepts them. Here is the passage’s underlying message: something can look very appealing on the surface, but the end thereof is bitter as wormwood. Why? Because there is a system...
  • Little Man, Big Job: The Obama Doctrine of Withdrawal.

    04/18/2015 11:41:22 AM PDT · by NOBO2012 · 5 replies
    Michelle Obama's Mirror ^ | 4-18-2015 | MOTUS
    I think we’ve all been struggling to explain Big Guy’s foreign policy. Fortunately, the New York Times has finally done it for us: At Global Economic Gathering, U.S. Primacy Is Seen as Ebbing. As world leaders converge here for their semiannual trek to the capital of what is still the world’s most powerful economy, concern is rising in many quarters that the United States is retreating from global economic leadership just when it is needed most. “America Bows Out”“I’ve been searching for a word to describe it, and the one I use is ‘withdrawal,’ best I can come up with,”...
  • What LeBron Can Teach You about Economics

    04/15/2015 1:54:18 PM PDT · by reaganaut1 · 10 replies
    The Freeman ^ | April 14, 2015 | George Leef
    In Popular Economics, John Tamny, editor of RealClearMarkets, sets out to refute bad economic ideas and replace them with sound ones. Many books have tried to do that, but what sets Tamny’s apart is how he goes about making the “dismal science,” well, popular. His subtitle is revealing: “What the Rolling Stones, Downton Abbey, and LeBron James can teach you about economics.” Quite a bit, as it turns out. To educate is to build a bridge from what a person knows to things he doesn’t yet understand. Tamny does that brilliantly by using sports and popular culture to convey key...
  • AP sources: Middle-class economics a focus of (exempt) Clinton's bid

    04/12/2015 5:34:33 AM PDT · by Libloather · 14 replies
    WSOCTV ^ | 4/12/15 | JULIE PACE
    CHICAGO — What will drive Hillary Rodham Clinton's second bid for the presidency? Boosting economic security for the middle class and expanding opportunities for working families, key issues that her campaign says will be heralded by a results-oriented "tenacious fighter." The former first lady, U.S. senator and secretary of state is expected to make her 2016 effort official Sunday with an online video followed by small events with residents of early-voting states over the days ahead. The campaign's opening strategy was described ahead of the announcement by two senior advisers who requested anonymity to discuss her plans. If Clinton's strategy...
  • The Timeline Project

    09/30/2008 6:38:27 AM PDT · by George Smiley · 74 replies · 2,223+ views
    various ^ | 30-SEP-2008 | George Smiley
    Let's collaboratively build a timeline of this disaster, starting with when these agencies were formed, tracking the legislation that was not only passed, but proposed, and quotes from who supported and opposed it. PLEASE INCLUDE URLs so we can link to sources. Here's a start. 1938 Fannie Mae, or the Federal National Mortgage Association, was founded in 1938. http://www.law.cornell.edu/uscode/html/uscode12/usc_sup_01_12_10_13_20_III.html 1954 1954 Charter Act 1968 1968 Charter Act 1970 Freddie Mac, or the Federal Home Loan Mortgage Corporation, was established in 1970 1989 Financial Institutions Reform, Recovery, and Enforcement Act of 1989 1990, James A. Johnson went to work for Fannie...
  • Proven Failure of Obama Socialism

    10/23/2008 1:26:15 AM PDT · by EyesAndEars4U · 7 replies · 499+ views
    Timeline proving that the mortgage industry crisis is the Democratic socialist experiment. Another socialist experiment failed, this time a massive federal effort, imperiling the whole US banking industry. Facing this economic disaster, can an informed American people put their trust Obama’s socialist ideology to bring remedy? Will they bring in an acetylene torch to put out the fire? http://eyesandearsweekly.blogspot.com/2008/10/narrative-for-change-proven-failure-of.html
  • Democrat fingerprints are all over the financial crisis

    10/03/2008 6:11:59 AM PDT · by XHogPilot · 38 replies · 2,066+ views
    3 Oct 2008 | Dominic Lawson
    http://www.independent.co.uk/opinion/commentators/dominic-lawson/dominic-lawson-democrat-fingerprints-are-all-over-the-financial-crisis-949653.html
  • Icelanders demand PM resign during violent protests (America Next?)

    Thousands of Icelanders took to the street in violent protests in Rekjavik, demanding the resignation of Prime Minister Geir Haarde and central bank governor David Oddsson in the wake of the country's complete financial collapse. REYKJAVIK - Thousands of Icelanders demonstrated in Reykjavik on Saturday demanding the resignation of Prime Minister Geir Haarde and Central Bank Governor David Oddsson for failing to stop a financial meltdown in the country. It was the latest in a series of protests in the capital since the financial meltdown that crippled the island's economy. Hordur Torfason, a well-known troubadour in Iceland and the main...
  • The Science Fictional Foundation Under Paul Krugman, Part One

    04/07/2015 4:55:11 PM PDT · by Kaslin · 13 replies
    Townhall.com ^ | April 7, 2015 | Ralph Benko
    Paul Krugman, a few years ago, wrote at length to extol the magnum opus of science fiction grandmaster, Isaac Asimov, theFoundation Trilogy. Prof. Krugman’s reflections thereon are of keen interest. I met Asimov once, 40+ years ago, at a world science fiction convention. I even got him to autograph my Science Fiction Book Club copy of “The Foundation Trilogy.” This compilation of three novels is an SF classic. I, then and since, found it too dull to read in full. (Asimov’s I, Robot then was much more engaging to this long-ago SF geek. But nothing Asimov wrote really rivaled Heinlein’s...
  • Singapore Has Found A Workable Alternative to the Welfare State

    04/04/2015 6:29:22 AM PDT · by Kaslin · 50 replies
    Townhall.com ^ | April 4, 2015 | John C. Goodman
    Lee Kuan Yew, the first prime minister of Singapore, died last week at age 91. Almost every obituary has remarked on the radical transition his leadership heralded. As John Fund wrote at National Review: “By embracing free trade, capital formation, vigorous meritocratic education, low taxes, and a reliable judicial system, Lee raised the per capita income of his country from $500 a year to some $52,000 a year today. That’s 50 percent higher than that of Britain, the colonial power that ruled Singapore for 150 years. Its average annual growth rate has averaged 7 percent since the 1970s.” Part of...
  • Increases in minimum wage cause problems in UREC budget

    03/30/2015 5:50:54 AM PDT · by Oldeconomybuyer · 1 replies
    Central Michigan Life (Student Newspaper) ^ | March 28, 2015 | By Conner Emery
    With the recent increases in minimum wage, the Central Michigan University Recreation Department has restricted expenses to remain within its budget. Minimum wage increased from $7.40 per hour in 2013 to $8.15 per hour in 2014-15. While minimum wage has increased, the department's budget hasn't increased to compensate the statewide change. In Michigan, minimum wage is scheduled to increase every January over the next four years. Although the increase in wages has left little room for expenditures, UREC has made no drastic changes to their budget. "There have been no massive cutbacks, just changes to the overall strategy and reprogram,"...
  • Price decline hits oil patch

    03/29/2015 10:19:40 AM PDT · by Perkinsbob54 · 5 replies
    Albuquerque Journal ^ | 3/25/15 | Kevin Robinson-Avila
    At least 2,000 jobs will likely be lost in New Mexico’s oil and gas industry in the coming months because of sharp declines in the price of crude oil, according to estimates by the New Mexico Energy, Minerals and Natural Resources Department.
  • Yes, Barney Frank Admits, I Want to Blame Only Bush

    03/29/2015 9:42:28 AM PDT · by Impala64ssa · 34 replies
    News Busters ^ | 3/28/15 | Jack Coleman
    As a long-term strategy for defeating jihadists, Americans blaming George W. Bush ad infinitum is sure to be a winner -- for jihadists. It's right up there with American retreat from leadership in the world as high on their list of goals. And sure enough, former congressman Barney Frank heartily endorses both. Frank was among the guests on last night's Real Time with Bill Maher, brimming with his usual persnickety bluster. At one point he tangled with conservative columnist S.E. Cupp on the subject of the abrupt US military withdrawal from Yemen. This led to a pair of candid admissions...
  • Oakland Kids Get A Raise From The New Minimum Wage

    03/29/2015 8:41:47 AM PDT · by Oldeconomybuyer · 54 replies
    NPR ^ | March 25, 2015 | by SAVANNAH ROBINSON
    Eighteen-year-old Alicia Donaldson works at a busy McDonald's in East Oakland. Her job is more complicated than anyone might think. "When you do the grill and the chicken by yourself, it's not easy," she admits. "You have to put down the meat on the grill, and then put chicken in the grease. People get burned a lot." That's a lot of pain for only $9 an hour. Today it's still hard work, but now Alicia is making $12.25 instead. "When I worked 56 hours my check was about $480," she remembers. This month the highest minimum wage in the nation...
  • Earnings "Beat the Street" Manipulation Underway as Profit Warnings Mount

    03/29/2015 8:30:49 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | March 29, 2015 | Mike Shedlock
    Of S&P 500 companies providing first-quarter outlooks, MarketWatch reports 84% have been negative as Profit Warnings Pile Up.Ahead of the start of earnings reporting season, which unofficially kicks off when Alcoa Inc., reports results on April 8, about 84% of the companies that have provided first-quarter outlooks gave negative outlooks. That’s above the 81% that warned Q1 2014, and the five-year average of 68%.< I believe that yellow highlight I added should say Q3. More importantly, it would have been nice for MarketWatch to actually link to FactSet because it contains some interesting charts and analysis.Earnings Insight Let's dive into...
  • 8 Basic Money Lessons Everyone Should Know

    03/29/2015 8:27:28 AM PDT · by TurboZamboni · 34 replies
    Daily Worth ^ | 3-24-15 | Natasha Burton
    Where should we learn how to handle money? School. But we don’t. Instead, what you know — or don’t know — about finances stems from a number of factors: how you were raised and what you learned from friends, financial advisors, a spouse, random Internet searches, and so on. Which leads to money habits that aren’t ideal. So we talked to the pros to find out what you should have learned in school. Here’s what they said.
  • Fast-Food Restaurant Chains That Rake In $2M+ Per Store

    03/29/2015 8:20:46 AM PDT · by TurboZamboni · 34 replies
    forbes ^ | 8-14-14 | Carol Tice
    Have you ever visited your favorite fast-food restaurant and, as you grab that sack of burgers or chicken, wondered how much money that restaurant makes? Well, restaurant trade magazines track those stats for the big fast-food chains. And the answers can be surprising. It turns out that only seven of the top 50 quick-serve brands in the country pull in more than $2 million per store. For perspective on that, for a full-service restaurant to be a profitable enterprise, it needs to pull in $1 million a year — that’s the rule of thumb I learned in my years as...
  • A Three-Sided Minimum Wage Debate Moves into Nevada

    03/29/2015 7:54:23 AM PDT · by rktman · 4 replies
    pjmedia.com ^ | 3/29/2015 | Rod Kackley
    One Nevada senator wants to cut the state’s minimum wage by $2 an hour. Another wants to raise it by $8 an hour. Guess which senator is a Democrat and which is a Republican. That is an easy one. But this is tougher. Guess which party is also pushing to raise the state’s minimum wage by 75 cents. Nevada Republican Sen. Joe Hardy wants to scrap the state’s constitutional amendment that provides a minimum wage of $7.25 an hour with health insurance coverage — same amount as the federal minimum wage — and $8.25 an hour if the employer does...
  • Barney's Blithering Misunderstanding of Business: 'Your Being There Means Somebody Else' Won't Be

    03/29/2015 7:53:12 AM PDT · by governsleastgovernsbest · 19 replies
    NewsBusters ^ | Mark Finkelstein
    Two days ago I ordered online a used copy of Milton & Rose Friedman's classic "Free to Choose," hoping a liberal loved one would be willing to read it. That doesn't look like it's going to happen, so now I'm tempted to send the book to Barney Frank—since it's apparent that, like many liberals, he doesn't understand the most basic notions of how free markets work. On Steve Kornacki's MSNBC show today, Frank described business creators as being "given privileges." Barney then added this mind-boggler: "there's only a limited amount of space, there's only a limited amount of businesses. Your...
  • What Investing Icon Jack Bogle Gets Wrong about ETFs

    03/29/2015 7:47:31 AM PDT · by Kaslin · 21 replies
    Townhall.com ^ | March 29, 2015 | Doug Fabian
    John “Jack” Bogle is an icon in the investing industry. The founder of Vanguard and the “father” of index mutual fund investing has had a lot of good ideas over the years. Unfortunately, the ideas in his recent editorial in the Financial Times are not among those good ideas. According to Mr. Bogle, exchange-traded funds (ETFs) are something that investors should “beware” of. As Bogle writes, “Mark me as a member of a small group of cohorts who are dubious about the utility of ETFs for long-term investors.” Bogle goes on to express some rather bad views about ETFs as...
  • Domino's policy changes on deliveries angers residents

    03/29/2015 7:29:43 AM PDT · by SeafoodGumbo · 87 replies
    WWL-TV ^ | 3-26-15 | Jaclyn Kelley
    NEW ORLEANS - There will be no more Domino's deliveries in the Lower 9th Ward after dark.It is one of the changes the pizza company is making after another one of its drivers was murdered in the Lower 9th Ward while on the job, but residents and one city leader say the policy change is a knee-jerk reaction that is singling out their community."It just, again, puts a black eye on this community," said Vanessa Gueringer, a life-long resident of the Lower 9th Ward.Michael Price, a 36-year-old father of three, is the second Domino's delivery driver murdered on the job...
  • Wall Street welcomes expected Chuck Schumer promotion

    03/29/2015 6:28:06 AM PDT · by amnestynone · 13 replies
    CNN ^ | March 27, 2015 | MJ Lee
    Chuck Schumer is set to get a big promotion -- and that's welcome news to Wall Street. The veteran Democratic senator from New York is widely expected to take Senate Minority Leader Harry Reid's job when he retires at the end of 2016. Reid, who announced he would not be running for reelection Friday morning, quickly endorsed his New York colleague for the role. Schumer's ascension to the top Democratic position in the Senate -- and even possibly to Senate majority leader if his party regains control of the chamber -- is a boon for the finance and business communities,...
  • What Was Really at Stake in the Israeli Election: Free Enterprise

    03/28/2015 5:07:11 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | March 28, 2015 | John C. Goodman
    In terms of skills and education, Israel probably has the highest level of human capital per person in the whole world. Yet it’s per capita output is mediocre – in the middle of the developed country pack. Why is that? Because Israel has been slow to adopt capitalism. How do I know that? Because Bibi Netanyahu told me that in an interview in Dallas, several years before he became prime minister. Once he became Israel’s leader, he was been able to do something about it. In recent years Israel has become a center for entrepreneurship, innovation and capitalist spirit. But...
  • Why capitalist virtue beats cronyist sin

    03/09/2015 10:24:02 AM PDT · by E. Pluribus Unum · 2 replies
    Human Events ^ | 03/09/2015 | Lawson Bader and and Fred Smith
    At a breakout session during the recent Conservative Political Action Conference, one of us posed a question to the audience: What do members of the Tea Party and Occupy Wall Street have in common?Hint: it has something to do with the 2008 bailout of private banks by American taxpayers. The insidious stink from that sorry episode lingers to this day—on both parties. Now the reasons for outrage over the bailouts were different for each group. For the Tea Partiers it was an unwarranted intrusion into the free market; for the Occupiers a taxpayer-financed gift to wealthy executives they believe caused...
  • Elizabeth Warren tells donors minorities were ‘targeted’ with subprime mortgages

    12/08/2014 2:10:54 PM PST · by SeekAndFind · 79 replies
    Hotair ^ | 12/08/2014 | Noah Rothman
    Progressive icon Sen. Elizabeth Warren (D-MA) recently dropped a bombshell in a private meeting with Boston-area donors, according to a report in Politico. The dispatch focuses primarily on WarrenÂ’s candid criticisms of President Barack Obama and his pick to serve as undersecretary for domestic finance at the Treasury Department, Antonio Weiss. This bit of fractious infighting within the Democratic Party will provide pundits with an opportunity to examine the divisions within the Democratic coalition, but Warren also made a more interesting contention in this meeting that merits further review. According to sources who attended that meeting, Warren heavily criticized...
  • Liberal Professor: If You Understand Economics, You're Likely to be a Bad Person

    03/29/2015 9:37:16 AM PDT · by rightistight · 62 replies
    Pundit Press ^ | 3/29/15 | Aurelius
    According to Lisa Wade, a professor at Occidental College in Los Angeles, if you have an understandings of Economics, you are likely a bad person. That was her finding in an article she published this week, titled "ARE ECONOMICS MAJORS ANTI-SOCIAL?" The first word in the piece was simply, "Yep." Dr. Wade writes that if you have taken classes on Economics, you "are less likely to share, less generous to the needy, and more likely to cheat, lie, and steal." She largely bases her belief on a study from 2010. In the study, students were asked if they would like...
  • Are You Better Off Today Because Of Obamacare? Facebook Users Passionately Respond: “God No!”

    03/26/2015 1:34:35 PM PDT · by Michael van der Galien · 22 replies
    PJ Media | 03-26-2015 | Michael van der Galien
    Our social media manager asked our followers on Facebook whether they are better off today than before Barack Obama took office and, more precisely, passed Obamacare. Their answers leave little room for doubt about the negative effects of this president’s horrendous policies: [FB POST] ... So how about you? Are you better off because of Obamacare, or do you agree with 99% of our Facebook followers who say that Obamacare has been “a disaster” for the country and for themselves? Let us know, here in the comment section and on Facebook!
  • Why Won’t Liberals Talk about the Most Important Kind of ‘Privilege’ in America?

    03/23/2015 7:10:28 AM PDT · by SeekAndFind · 20 replies
    National Review ^ | 03/23/2015 | by LEE HABEEB & MIKE LEVEN
    Much has been written about privilege in academic settings over the past few decades. There’s the privilege of wealth, and the advantages wealth confers if a baby is lucky enough to be born into it. Much too has been written about the advantages of being born into this world as a Caucasian — known in academia as “white privilege.” But not enough has been written about the most important advantage a baby can have in America: the advantage of being born with a mother and father who happen to be married. Call it “the marriage privilege” — the advantages are...
  • More Aid and Subsidy for Billionaires -- Who's For It?

    03/22/2015 9:52:24 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | March 22, 2015 | Paul Jacob
    Big government rests upon myths, and the people who support it necessarily believe things about politics and society — and themselves — that simply aren’t true. This week, a new report from the Government Accountability Office shows just who benefits from federal crop insurance subsidies: big businesses, billionaires, and the like. It’s not primarily the “little guy” or “the small family farm” of American agrarian mythology. It’s the people for whom progressives usually seethe with hatred. Those on the left must either oppose their “progressive” programs or get over their alleged opposition to “the rich.” “Liberals,” “progressives” and other political...
  • Strengthening the U.S.-Israel Economic and Strategic Partnership

    03/16/2015 3:12:22 PM PDT · by ThethoughtsofGreg
    American Legislator ^ | 3-16-15 | Karla Jones
    Israeli Prime Minister Benjamin Netanyahu’s speech before a joint session of Congress remind the American people that, despite reports of strains in the partnership, U.S.-Israel strategic cooperation has recently accelerated on a number of fronts. Building on the Memorandum of Understanding signed with Israel by then-President George W. Bush in 2007 to enable Israel to meet evolving threats, in December, President Obama signed the U.S.-Israel Strategic Partnership Agreement, declaring that Israel is a “major strategic partner” of the United States. The Agreement lays the foundation for enhanced cooperation on issues from cybersecurity and agriculture to alternative fuel technologies and defense....
  • Is the European Union Dying?

    03/13/2015 7:19:26 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | March 13, 2015 | Pat Buchanan
    As the European Coal and Steel Community of Jean Monnet evolved into the EU, we were told a "United States of Europe" was at hand, modeled on the USA. And other countries and continents will inevitably follow Europe's example. There will be a North American Union of the U.S., Canada and Mexico, and a Latin America Union of the Mercosur trade partnership. In an essay, "The E.U. Experiment Has Failed," Bruce Thornton of Hoover Institution makes the case that the verdict is in, the dream is dead, the EU is unraveling, One Europe is finished. Consider, first, economics. In 2013,...
  • Václav Klaus: Our Freedom Is Endangered

    03/12/2015 9:11:17 PM PDT · by Robert DeLong · 7 replies
    Global Wealth ^ | March 12, 2015 | Kelly Diamond
    The best environment for man is the environment of liberty.” – Václav Klaus Liberty is a fundamental human right and the cornerstone of our existence. But in our current world, liberty is being attacked from all directions, whether through higher state control or individuals themselves. Liberty is in search for its protector. Those that value and actively promote the ideals of freedom and liberty are few in such an enclosing environment. In the following article, Claudio Grass, Managing Director at Global Gold Switzerland, ventures into a discussion with one of the vanguards of liberty, former President of the Czech Republic,...