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Keyword: economics

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  • A Living Document

    06/16/2020 8:35:52 PM PDT · by OddLane · 5 replies
    Youtube ^ | 6/16/20 | Gerard Perry
    Some thoughts on the real problem behind SCOTUS's transgender expansion of the 1964 Civil Rights Act.
  • The cancel culture twitter mob comes to economics

    06/16/2020 9:57:13 AM PDT · by karpov · 10 replies
    The Grumpy Economist ^ | June 16, 2020 | John Cochrane
    Last week we learned the twitter mob has taken over economics too. In case you aren't following, here is the short version of the story. Harald Uhlig, a distingushed macroeconomist at the University of Chicago, sent out a few tweets questioning the wisdom of quickly "defunding the police." The twitter mob, led by Paul Krugman and Justin Wolfers, swiftly attacked. A petition circulated, reportedly gaining 500 signatories, demanding his removal as editor of the Journal of Political Economy. That petition has been taken down and I can't seem to find it to verify just who did sign it. But I...
  • By Forcing Control On Hong Kong, Beijing Killed The Golden Goose

    05/30/2020 8:00:27 AM PDT · by Kaslin · 8 replies
    The Federalist ^ | May 30, 2020 | Helen Raleigh President Donald Trump announced Friday that he has directed his administration to “begin the process of eliminating policy exemptions that give Hong Kong different and special treatment.” His announcement came a day after China’s People’s Congress passed Beijing’s controversial new national security law related to Hong Kong. Trump’s announcement will profoundly affect the future of Hong Kong and the U.S.-China relationship.The president’s decision was based on Secretary of State Mike Pompeo’s certification to Congress Wednesday that “Hong Kong is no longer autonomous from China,” a decision he said gave him no pleasure but that “sound policy-making requires a recognition...
  • Quarantine Will Ruin the Economy, Not Save Lives

    05/25/2020 9:45:18 AM PDT · by Thalean · 11 replies
    American Greatness ^ | May 24, 2020 | Spencer P. Morrison
    The media has riled Americans into a frenzied panic over COVID-19. Concerned, corrupt, and ignorant politicians alike have used fear of COVID-19 to institute neurotic social distancing policies. Tens of millions of Americans are now prohibited from working, from seeing loved ones, from worshippingthe nations greatest churches were empty this Easter. Americas government has suspended the freedoms enshrined in the Constitution and destroyed the economy. And for what? Nothing. New data reveals that COVID-19 is not the pandemic we were promised. The media compares COVID-19 to the Spanish Flu, which killed 50 million people in the wake of World War...
  • U.S. Gun Sights Maker Re-Engineers Factory To Supply Elite Military During Pandemic

    05/22/2020 7:28:41 AM PDT · by Kaslin · 13 replies
    The Federalist ^ | May 22, 2020 | Madeline Osburn
    'There's no one in the U.S. that does what we do. That would leave the option of really going to Asia...and there's no chance that they can deliver the kind of quality that we do." Leupold is a 113-year-old, family-owned business manufacturing rifle scopes, firearm sights, and other optics in Beaverton, Oregon. With more than 650 employees and a factory that runs seven days a week, they manufacture the types of products that have to work every time, under pressure.“That moment of truth when is when you’re behind that sight and pulling the trigger, and we want to make sure...
  • Covid-19 Proves We Need America First Trade Policy

    05/17/2020 3:01:26 PM PDT · by Thalean · 10 replies
    American Greatness ^ | May 16, 2020 | Spencer P. Morrison
    In World War II, America produced the gauze, iodine, and syringes that allowed allied troops to soldier on in the face of bloodshed and broken bones. Times have changed. Today, America cannot produce the basic medical supplies it needs to fight COVID-19. Alex Azar, the Health and Human Services secretary, told the House Appropriations Committee that America needs 25 times more masks than it currently has stockpiled. Worse still, it turns out that America cannot even manufacture the masks it needs because most of the factories are in China. Evidently, it will take years for domestic mask-makers to fulfill the...
  • Wisconsin Supreme Court Strikes Governors State Lockdown Extension

    05/15/2020 10:19:26 AM PDT · by Kaslin · 24 replies
    The Federalist ^ | May 15, 2020 | Matt Kttlle, Wis. — Declaring that the state’s top health official wrongly bypassed legislative oversight, the Wisconsin Supreme Court on Wednesday struck down the Evers’ administration’s extended lockdown of the state.The 4-3 decision by the conservative-led court declares Wisconsin Department of Health Services Secretary-designee Andrea Palm’s Emergency Order 28 “unlawful, invalid, and unenforceable.”“Because Palm did not follow the law in creating Order 28, there can be no criminal penalties for violations of her order,” the ruling notes. “The procedural requirements of Wis. Stat. ch. 227 must be followed because they safeguard all people.”Palm’s extended order, issued before Evers’ first stay-at-home edict...
  • With 26 Million Unemployed, Partially Opening Georgias Economy Is A Good Start

    04/25/2020 6:31:20 AM PDT · by Kaslin · 22 replies
    The Federalist ^ | April 25, 2020 | Jenny Beth Martin
    What some who dont live in Georgia may not realize is that Gov. Brian Kemps original shelter-in-place order was not a total lockdown. Undeterred by his critics, Georgia Gov. Brian Kemp is moving forward with the bold decision to begin to reopen his states businesses and launch our return to normal life. According to an order Kemp promulgated Monday, nail salons, massage therapists, tattoo parlors, bowling alleys, gyms, and other businesses may reopen on Friday. In-person church services can reopen. On Monday, restaurants and movie theaters may reopen. Dentists and doctors offices and all other health care-related practices and services...
  • 'The Pretense of Knowledge' has Cost America Dearl

    04/25/2020 4:45:48 AM PDT · by Kaslin · 35 replies
    American ^ | April 25, 2019 | Nicholas J.Kaster
    Recently, Brit Hume, the sober and understated Fox News commentator, voiced the thoughts of millions when he said, I think its time to consider the possibility that this lockdown, as opposed to the more moderate mitigation efforts is a colossal public policy calamity. The financial extent of the calamity was quantified by economist Scott Grannis when he observed that almost overnight, we have wiped out all the net job gains of the past 14 years. He made that comment on April 12 and the losses arent over yet. Grannis bluntly concluded that, The shutdown of the U.S. economy will prove...
  • Loving The Lockdown: The Left Is Taking Pleasure From The Economic Crash

    04/24/2020 8:19:32 PM PDT · by bitt · 11 replies
    At the outset of the COVID-19 pandemic, some Democrats opposed lockdowns. House Speaker Nancy Pelosi encouraged visitors to come to Chinatown in San Francisco while New York City Mayor Bill de Blasio told residents to go on with your lives and get out on the town. Positions have since aligned politically, though, with Democrats now favoring extended lockdowns with no release dates in sight, while conservatives, Republicans, some libertarian thinkers, and even a few Democrats are demanding we all be freed to make our own decisions. As puzzling as it might seem, theres an obvious explanation: Democrats realized lockdowns could...
  • Hackers posed as Egyptian oil contractor in apparent spy campaign ahead of OPEC meeting

    04/23/2020 1:29:32 PM PDT · by nickcarraway · 1 replies
    Cyberscoop ^ | APR 21, 2020 | Jeff Stone
    Hackers are trying to infect organizations throughout the world with a popular strain of malware by sending emails that appear to be from an Egyptian oil company. In research published Tuesday, Romanian antivirus company BitDefender noted a surge in attempted phishing attacks that try to trick users into downloading malware by masquerading as Enppi, an oil company owned by the Egyptian government. The malware, known as Agent Tesla, is a spyware tool which enables hackers to monitor keystrokes, steal data about file downloads and collect username and password credentials from internet browsers, among other capabilities. The number of attacks spiked...
  • Unemployment Claims Continue To Skyrocket Amid Wuhan Virus Pandemic With 6.6 Million New Filings Last Week

    04/09/2020 7:26:12 AM PDT · by Kaslin · 8 replies
    The Federalist ^ | April 9, 2020 | Tristan Justice
    Jobless claims continue to surge as more than 6.6 million Americans filed new unemployment benefits last week, according to new data released from the U.S. Department of Labor on Thursday.That brings the three-week total of new unemployment claims to 16.8 million as the economic fallout over the Wuhan coronavirus continues to take its toll on the nation’s economy. About 6.6 million Americans had filed new claims the week before and 3.3 million new claims were filed in the week ending on March 28. The previous record for number of new filings in a single week was in 1982 when 695,000...
  • End the inventory tax

    04/07/2020 12:04:07 PM PDT · by Farcesensitive · 23 replies
    This crisis is demostrating the suicidal nautre of "Just in Time" supply chains. When it is over we need to end the inventory tax in every state. It is immoral and bad policy to tax wealth that isn't moving anyway but it might just kill us in a crisis.
  • How An International Conflict Is Causing Gas Prices To Plummet

    04/03/2020 3:56:46 PM PDT · by Kaslin · 59 replies
    The Federalist ^ | April 3, 2020 | Leo Briceno
    Russia and Saudi Arabia are locked in a price war to control the oil industry. Here's what it's done to prices for oil around the world.The Exon on the corner of 22nd Street in Washington D.C. is now selling a gallon of gas for the low price of $1.79 USD. In Ottawa, the Petro-Canada on Bronson Avenue sells a gallon sells for $0.69 CAD. In both cases, prices are a fraction of what they were just two months ago. And while drivers across both countries might be enjoying the benefits of cheap gas, it’s an actualized nightmare for the international...
  • Do we need to look at how The Greatest Generation handled human tragedy?

    04/03/2020 7:59:27 AM PDT · by Ozguy1945 · 29 replies
    After the tragedy of war The Marshall Plan rebuilt economies. American wealth, generosity and hard work made it possible. Now before tragedy strikes and before we know what the damage will be, around the world we are stopping work and spending money. And we call it war. Against whom? Ourselves?
  • Pakistan, China and Russia decide to conduct trade in local currencies skip dollars

    04/02/2020 7:02:49 AM PDT · by NImerc · 70 replies
    Business Recorder ^ | March 17, 2020 | Ali Ahmed
    The eight-member countries of the Shanghai Cooperation Organization (SCO), including China, Russia, and Pakistan, have made the principle decision to conduct bilateral trade and investment and issue bonds in local and national currencies instead of US dollars.
  • How Patriotic American Businesses Are Stepping Up To Beat The Wuhan Virus

    03/27/2020 6:28:20 AM PDT · by Kaslin · 12 replies
    The Federalist ^ | March 27, 2020 | Helen Raleigh
    American entrepreneurs are finding new ways to manufacture essential masks, ventilators, and other virus-fighting tools. We need to count on them if we want to win this war against the pandemic. As confirmed Wuhan coronavirus cases in the United States surpass 60,000, our nation is in war mode. Winning a war requires all hands on deck. It appears American businesses and innovators are up to the challenge, however, as more and more private companies are contriving creative ways to play a part in beating this pandemic.In New York, Gov. Andrew Cuomo has been making apparent his state’s dire need for...
  • The Wuhan Virus Is Serious, But Shutting Down Isnt The Long-Term Answer

    03/25/2020 4:20:55 AM PDT · by Kaslin · 21 replies
    The Federalist ^ | March 25, 2020 | Willis L. Krumholz
    What to do about the U.S. economy in the wake of the Wuhan virus? The answer requires a mix of both short-term suppression and then long-term mitigation. Lots of people didn’t see the COVID-19 pandemic coming. Many prognosticators who didn’t have since found their way into two camps. In the first camp, the occupants are in full panic mode. We should all shut everything down for the time-being, they say. In the second camp, the occupants are borderline dismissive of the Wuhan virus threat. Both sides are completely wrong.The camp dismissive of the virus is dead wrong. Many do this...
  • Bannon on coronavirus: We have an economic inferno coming at us

    03/23/2020 5:50:10 AM PDT · by a little elbow grease · 53 replies ^ | 3/22/20 | Kane
    Steve Bannon with Maria Bartiromo yesterday excellent discussion Steve Bannon with Maria Bartiromo yesterday ....
  • Why the Remedy May Be Worse Than the Disease

    03/17/2020 3:38:55 AM PDT · by Kaslin · 89 replies ^ | March 17, 2020 | Dennis Prager
    As of this writing, 6,400 people all over the world have died from the coronavirus. In the United States, 68 people have died. Some perspective: Chinese deaths (3,217) account for half of the worldwide total. If you add Italy (1,441) and Iran (724), two countries where many Chinese were allowed in until recently, that totals another 2,165. In other words, outside of China, Italy and Iran -- with 5,382 deaths collectively -- 1,018 people have died. There are 7.8 billion people in the world. Regarding Italy, the Jerusalem Post of March 16 reported that according to Nobel Prize-winning chemist Michael...