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Keyword: economics

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  • Why So Many Historians Agree With Ted Cruz On Gold

    02/09/2016 11:40:04 AM PST · by GodGunsGuts · 81 replies
    Forbes ^ | February 9, 2016 | Nathan Lewis
    Echoing the recent sentiments of Steve Forbes, this week Republican presidential contender Ted Cruz told a group in New Hampshire: "Money is ... a unit of measurement. So, the reason why we see these rapid oscillations in commodities markets, it's because of unstable currencies. And it's why I think we should look at going toward rules-based money supply, ideally tied to gold, so you have stability." Perhaps this will trigger another flood of disagreement in the mainstream press, such as the recent New York Times item which reported that 40 out of 40 "leading economists" said that a gold standard...
  • The 0.7 Percent "Solution"

    02/06/2016 9:15:33 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 6, 2016 | Paul Driessen
    America's abysmal 0.7% economic growth during the fourth quarter of 2015 meant the annual growth rate was an anemic 2.4% … and average annual growth for the six-year Obama era a pathetic 2.2 percent.This is "dead last compared to six other recession recoveries since 1960," Heritage Foundation economist Stephen Moore points out. They averaged a robust 4.0% while the Reagan era recovery averaged a "sizzling" 4.8% over six years. That means the Obama recovery lost $1.8 trillion (in constant 2009 money) that would have been pumped into the economy under an average recovery, and$2.8 trillion under a Reagan-style rebound, Moore says, citing a congressional...
  • Time to Break Our 'Addiction' to Fossil Fuels?

    02/06/2016 7:52:31 AM PST · by Kaslin · 51 replies
    Townhall.com ^ | January 6, 2016 | Calvin Beisner
    How many calories do you consume each day? If you answered something like "2,000" or "3,000," you're kidding yourself. You consume about 60 to 90 times that many. True, you probably eat only 2,000 to 3,000 calories a day, but most of the calories you consume aren't from food. They're the energy you use when you turn on a light or computer, drive your car, use your cell phone, or do anything else requiring energy. If you're like the average American, you consume about 186,000 calories a day, and over 98% of it is machine energy. It serves you, minute...
  • The End of Economic Man, the Origins of Totalitarianism, a Book Review

    01/15/2016 8:00:14 PM PST · by tbw2 · 12 replies
    Hubpages ^ | 01/15/2016 | Tamara Wilhite
    Peter Drucker wrote the first version of this book during Hitler's rise to power. Most explanations for the rise of fascism focused on political reasons or economic ones, while Drucker explains the social movements that made leaders like Mussolini and Hitler possible. It also explains what is (and isn't) fascism, how they hobble their own economies, and the social warpage they create. Peter Drucker updated "The End of Economic Man" in the 1960s, seeing horrifying parallels between the 1960s activism and the 1930s. And while history does not repeat, it rhymes - and this book explains the social trends that...
  • Minimum Wage Dishonesty

    01/13/2016 4:56:35 AM PST · by Kaslin · 13 replies
    Townhall.com ^ | January 13, 2016 | Walter Williams
    Michael Hiltzik, a columnist and Los Angeles Times reporter, wrote an article titled "Does a minimum wage raise hurt workers? Economists say: We don't know." Uncertain was his conclusion from a poll conducted by the Initiative on Global Markets, at the University of Chicago's Booth School of Business, of 42 nationally ranked economists on the question of whether raising the federal minimum wage to $15 over the next five years would reduce employment opportunities for low-wage workers. The Senate Budget Committee's blog says, "Top Economists Are Backing Sen. Bernie Sanders on Establishing a $15 an Hour Minimum Wage." It lists...
  • Unappreciated Tax on the Poor

    01/06/2016 5:24:24 AM PST · by Kaslin · 32 replies
    Townhall.com ^ | January 6, 2016 | Walter E. Williams
    A few years ago, BET had a commentary titled "Where Are the Grocery Stores in Black Neighborhoods?" One wonders whether anyone thinks that the absence of supermarkets in predominantly black neighborhoods means that white merchants do not like dollars coming out of black hands. Racial discrimination cannot explain the absence of supermarkets in black communities. Compare the operation of a supermarket in a low-crime neighborhood with that of one in a high-crime neighborhood. You will see differences in how they operate. Supermarkets in low-crime neighborhoods often have merchandise on display near entrances. They may have merchandise left unattended outside...
  • What You Need to Know About "The Big Short"

    12/31/2015 10:11:53 AM PST · by Kaslin · 48 replies
    Townhall.com ^ | December 30, 2015 | John C. Goodman
    One of the most intriguing movies I've seen in a long time is The Big Short. It's about the housing bubble and what we now call the Great Recession, based on Michael Lewis's bestselling book "The Big Short: Inside the Doomsday Machine." The main characters are money managers who not only realized that the housing bubble was being supported by unsustainable subprime mortgages, but also found a way to make millions of dollars from the inevitable crash. Here are 10 things moviegoers need to know. Lesson 1: There will always be bubbles. Vernon Smith is an economist who won a...
  • Christmastime in Moscow with Vladimir Putin

    12/23/2015 7:15:49 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | December 28 | Rachel Marsden
    MOSCOW -- Walking around downtown Moscow at Christmastime in the wake of a press conference with Russian President Vladimir Putin, I was struck by a distinct feeling of deja vu from my Canadian childhood. Not since then had I heard so much English-language Christmas music infusing the cold, crisp air, or seen so many decorations everywhere that include crosses and religious symbols as well as secular reminders of the season. There is no "war on Christmas" here. Russia is moving in the opposite direction from the West in critical ways: There's a sense here that Putin is trying to preserve...
  • Sarcastic Definition of the Day: Economics

    12/21/2015 10:58:07 AM PST · by The Looking Spoon · 3 replies
    American Irony ^ | 12-21-15 | The Looking Spoon
  • Should Obama and Hillary be disqualified from office for being on a “Terror watch list”?

    12/01/2015 11:40:16 AM PST · by Torcert · 17 replies
    12/1/2015
    Should Obama be impeached and removed from office for being on a Terror watch list? With terrorism in the news the Democratic national socialist party has once again trotted out one of it's perennially favorite scams: The "terror watch list" issue. They have few concerns about the importation of terrorist 'Refugees' [and future illegal Democratic voters] and the down play the threat of ISIS (Daesh) but suddenly become agitated over the possibility of using those issues against their enemies. Yes, there nothing like a serious crisis that can be used for crass political gain to energize the Democratic national socialist...
  • Black Friday sales fall 10% from last year

    11/30/2015 1:32:04 PM PST · by Lorianne · 30 replies
    Guardian UK ^ | 28 November 2015
    Total sales in the US on Black Friday fell 10% to $10.4bn this year, down from $11.6bn in 2014, according to research firm ShopperTrak. The decline in sales on the traditional busiest shopping day of the year has been blamed on shops opening the day before. But this year, sales on Thanksgiving also dropped, and by the same percentage, to $1.8bn. A big reason for the decline is increased online shopping, as Americans hunt down deals on their smartphones, tablets and computers. Many retailers are also offering bargains long before Thanksgiving, limiting the impact of Black Friday specials.
  • Even in Chavez's hometown, Venezuela 'revolution' ails before election - "Chavistas destroyed us"

    11/27/2015 10:08:06 PM PST · by Cincinatus' Wife · 5 replies
    Yahoo ^ | November 27, 2015 | Alexandra Ulmer
    ........."We were 'Chavistas'," said Julio Coromoto...a workman next to a queue of dozens at a shabby supermarket."But they destroyed this town.".... Nationwide polls predict voters will punish the socialists next month, possibly taking away their majority in the National Assembly for the first time since Chavez took power in early 1999.To hold on to loyalists, the government is milking Chavez's legacy at every turn, re-naming voting centers after him, splashing his smiling face on billboards and filling state television with his most rousing speeches.In Barinas, his brother Argenis and cousin Asdrubal are running for the legislature, hoping to follow in...
  • Obamacare Endures the Death of a Thousand Facts

    11/23/2015 3:42:52 AM PST · by rootin tootin · 17 replies
    American Spectator ^ | 11/23/2015 | David Catron
    Until the 19th century, the Chinese practiced a method of torture called lingchi. Better known as “death by a thousand cuts” it involved slicing small pieces of flesh from a victim’s body, one by one, so that death was both protracted and utterly excruciating. This is what the realities of economics are doing to the Patient Protection and Affordable Care Act. The authors of health care “reform” believed they could ignore the dismal science. The laws of economics have rewarded this hubris by ruthlessly inflicting fact after agonizing fact on Obamacare. And, like all lingchi victims, it will eventually succumb....
  • Here is what we are up against.(leftist drivel from comment at economic collapse blog)

    11/15/2015 1:44:12 PM PST · by dynachrome · 11 replies
    theeconomiccollapseblog.com ^ | 11-15-15 | "Marcel"
    If you sit around believing the right wing radio propaganda that the wealthy know what's best for us then be prepared to suffer the fate that many others have suffered under the oppression of aristocrats in the past. But we live in a Democratic Republic overwhelmingly dominated by voters who are not wealthy. So its pretty simple to go out and vote for our own interest every couple of years-- without the need for any mass protest or even any union participation. We could raise the incomes of the poorest by simply passing laws to raise the minimum wage. Many...
  • Republican Fault Lines: The debate exposed where the candidates differ on economics.

    11/12/2015 1:41:20 PM PST · by EveningStar · 6 replies
    The Wall Street Journal ^ | November 12, 2015 | Editorial
    Tuesday's Republican presidential debate wasn't the most entertaining, but it was the most educational. The two-hour session gave the candidates a chance to critique the Obama record, as well as tease out the GOP's economic fault lines.
  • Candidate Marco Rubio Tries To Hide His Support For Trans-Pacific Trade [TPP] Deal…

    11/11/2015 1:56:43 PM PST · by SatinDoll · 15 replies
    The Conservative Treehouse ^ | Nov. 11, 2015 | Sundance
    Ted Cruz isn’t the only presidential candidate trying to hide his support of the globalist trade deal known as TPP. Marco Rubio is trying a similar approach at avoidance. It would appear that both Rubio and Cruz have recognized that not only is TPP unpopular, but their support for TPP has the potential to expose their hidden alignments with Wall Street globalists. This election will be won/lost around this issue – watch. Marco Rubio - enters race( Via Breitbart ) Marco Rubio declared the Trans-Pacific Partnership to be one of three essential “pillars” of a Rubio Presidency—is now taking issue...
  • Nobel Prize Committee to 'Discuss' Bitcoin Creator's Nomination

    11/11/2015 1:45:07 PM PST · by Another Post-American · 24 replies
    Coindesk ^ | 11/11/15 | Stan Higgins
    The prize committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel – known more commonly as the Nobel Prize in Economics – is set to discuss the nomination of bitcoin creator Satoshi Nakamoto. The move comes days after UCLA finance professor Bhagwan Chowdhry penned an op-ed in The Huffington Post stating his intention to nominate Nakamoto for the prize. In his widely-covered article, Chowdhry wrote that Nakamoto deserves the prize because his invention, bitcoin, is "nothing short of revolutionary". Following its publication, however, some observers raised the question of whether Chowdhry violated nomination rules by...
  • Walter Williams Scheduled as Guest on C-Span2's "In-Depth" Tomorrow

    10/31/2015 7:20:48 PM PDT · by Intolerant in NJ · 8 replies
    C-Span2 | 31 October, 2015 | Intolerant in NJ
    Walter Williams, conservative economist, professor, author, commentator, and occasional fill-in host for Rush Limbaugh, is the scheduled guest on C-Span2's "In-Depth" tomorrow, Sunday November 1. The show runs from noon until 3PM EST. It features discussion of Williams' writings and philosophy and responses to viewers' emails and call-ins. Williams' most recent book is American Contempt for Liberty. His other books include Race & Economics and Up from the Projects.
  • Injecting 200,000 Syrian Muslims Into America: Multicultural Chaos

    10/19/2015 10:04:18 AM PDT · by RightSideNews · 54 replies
    Right Side News ^ | October 19. 2015 | Frosty Wooldridge
    By Frosty WooldridgeTolerance and apathy are the last virtues of a dying society, said French historian-philosopher Voltaire. Within the next 24 months, John Kerry and Congress, abetted by Barack Obama, expect to import 200,000 Syrian Muslim refugees into our country. Thats on top of the usual 1,000,000 (million) legal refugee immigrants expected to land on our shores in 2016 and another 1,000,000 (million) more in 2017. Thats on top of the 100,000,000 (million) total legal immigrant refugees projected to land on our shores within 30 years. (Source: US Population Projections by Fogel/Martin; PEW Research Center) Ironically, you wont hear a...
  • Republican Candidates Versus The New York Times: Why Isnt the Economy Growing Faster?

    10/03/2015 6:48:16 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | October 3, 2015 | John C. Goodman
    Until we entered the Great Recession, most economists regarded Keynesian economics as a relic of the past. You could still find it discussed in some introductory textbooks. But, as University of Chicago economist John Cochrane points out, it wasn’t on the syllabus in any of the leading graduate schools. Then came the most serious downturn since the Great Depression and something living economists had never seen before: interest rates that were near zero and in some cases negative. Keynes himself speculated that the economy could become stuck in a liquidity trap – where monetary policy is ineffective and only fiscal...
  • The Jacki Daily show 9/27/2015, interview with Scott Tinker

    09/27/2015 10:15:47 AM PDT · by RaceBannon · 1 replies
    The Jacki Daily Show ^ | 09/27/15 | Jacki Daily Show
    Listen to Jacki's interview with Scott Tinker, Director of the Bureau of Economic Geology at University of Texas in Austin. Scott Tinker, University of Texas in Austin
  • The Economic Fallacies of Progressive Christianity

    09/26/2015 6:31:19 PM PDT · by SeekAndFind · 8 replies
    National Review ^ | 09/26/2015 | David French
    When it comes to considering the arguments of newly resurgent Christian progressives, we hold these truths to be self-evident: Jesus was not a socialist, the Bible is not an economics textbook, and while scripture commands believers to help the poor, it also commands the poor to help themselves. As Pope Francis gains rock-star status on the economic left, Christians would do well to remember not just scripture, but the economic reality of recent world experience. This morning, the pope addressed Congress with relative restraint. Rather than decrying the perceived excesses of global capitalism calling it, as he once...
  • Economic Freedom of the World Index: Americas Worrisome Decline

    09/24/2015 10:36:09 AM PDT · by MichCapCon · 1 replies
    Capitol Confidential ^ | 9/24/2015 | Michael LaFaive
    The Economic Freedom of the World Index published by the Fraser Institute of Canada measures the degree to which the worlds 157 nations and territories permit voluntary, peaceful economic exchanges between their own citizens and with people in other countries. The most recent index has just been released, and based on data from 2013, it ranks the United States 16th in economic freedom. Given this countrys history and traditions, America should be far and away No. 1; that fact that it does not hold the top slot is yet more evidence of how governance has gone off track in this...
  • The Pope's Problem

    09/24/2015 7:45:59 AM PDT · by Kaslin · 34 replies
    Townhall.com ^ | September 24, 2015 | Michael Reagan
    I've been a Roman Catholic since 1954. I have great respect for Pope Francis. When it comes to matters of faith and morals, what he says, goes. But when it comes to politics and economics, the pope is about as far from infallible as anyone can get. For example, he was in Cuba earlier this week, meeting informally with Fidel Castro and touring the island to say Masses and meet with priests. Apparently the pope was having such a good time he forgot that for more than half a century Cuba has been a rotten communist prison camp and his...
  • IS CAPITALISM UNCHRISTIAN? [Excellent rebuttal to Pope Francis, V Jarrett and B. Hussein Obama]

    09/23/2015 12:32:04 PM PDT · by SoFloFreeper · 8 replies
    The Gospel Coalition ^ | 9/23/15 | Kevin DeYoung
    I’m not interesting in commenting on the specifics of either party’s job plan. There are, no doubt, many good ideas that could help the economy and many bad ideas to avoid. I’ll let you decide which are which.But I thought it might be worthwhile to think about where private sector jobs come from. Most basically, new jobs come from people with money to spend who want to spend their money on more people. This means:(1) The employer must have money. He may spend his own money. Or he may borrow money from investors or the bank. But somehow he...
  • Liberal Reasoning: Idiotic or Dishonest?

    09/23/2015 6:05:58 AM PDT · by Kaslin · 19 replies
    Townhall.com ^ | September 23, 2015 | Walter E. Williams
    Many people argue that liberals, socialists and progressives do not understand basic economics. I am not totally convinced about that. Take the law of demand, for example, one of the fundamental principles of economics. It holds that the lower the cost of something the more people will take or do of it. Conversely, the higher the cost the less people will take or do something. By their actions, liberals fully understand the law of demand. Let's look at some proof. The Seattle City Council voted unanimously to establish a tax on gun and ammunition sales. Hillary Clinton has called for...
  • Bernie Sanders (Like All Socialists) is a Thief Claiming to be a Humanitarian

    09/15/2015 10:58:38 AM PDT · by TBP · 26 replies
    Godfather Politics ^ | September 15, 2015 | Gary DeMar
    Most people don't know what a socialist is. Socialist sounds too much like "social." A socialist, I suspect, for most Americans means to be "social." Who could be opposed to that? Bernie Sanders is a Socialist. In reality, he's a theft using the respectability of the United States Senate as cover for his criminal views. Like all socialists, Sanders believes it's OK to steal from people if he can get enough votes and enough support from the people he will be stealing for -- the beneficiaries of his thieving ways. Of course, Sanders isn't the only socialist in Congress. Most...
  • [Trump, Pay Attention]: Bush's Tax Plan Goes Long Way Toward Restoring 4% Growth

    09/10/2015 7:17:34 AM PDT · by Jim 0216 · 98 replies
    Investor's Business Daily ^ | 09/09/2015 | LAWRENCE KUDLOW AND STEPHEN MOORE
    Bush's plan starts by slashing tax rates. He'd return to the top personal income tax rate of 28% that America had when Ronald Reagan left office. That top rate, by the way, was a true bipartisan reform designed in part by congressional Democrats like Bill Bradley and Dick Gephardt. The rate has since migrated up to 42%, with many Democrats longing to tax the rich well above 50%. Middle-class tax rates would fall to 10% for families with incomes up to $89,000 and to 25% for incomes up to $163,800. For singles, the thresholds are lower. But the thresholds are...
  • Youre in the 1 Percent

    09/09/2015 9:56:16 AM PDT · by MichCapCon · 2 replies
    Capitol Confidential ^ | 9/8/2015 | Jarrett Skorup
    The Washington Posts Wonkblog recently ran a piece titled, What its like to be a part of the worlds richest 1 percent, in 15 incredible photos. This features photos of a man floating in a swimming pool on top of a skyscraper, an in-home cinema, maids, the Opra de Monte-Carlo, the Hollywood Walk of Fame, a patient about to undergo plastic surgery, a personal chef at a luxury lodge and a gated community. The article is about a new photo collection which is attempting to draw more attention to wealth inequality. But those protesting about this issue in America may...
  • Paul Krugman just wrote an op-ed praising Donald Trump for being 'right on economics'

    09/07/2015 10:21:57 AM PDT · by SeekAndFind · 26 replies
    Business Insider ^ | 09/06/2015 | Colin Campbell
    Economist Paul Krugman thinks Donald Trump's presidential campaign actually gets a few things right. Krugman previously derided the Republican real-estate mogul as a "belligerent, loudmouth racist with not an ounce of compassion." But in a Monday op-ed in The New York Times, the left-leaning writer praised Trump's "heresies" from Republican orthodoxy when it comes to economic policy. "So am I saying that Mr. Trump is better and more serious than he's given credit for being?" Krugman asked, making it clear that he is still not a Trump supporter. "Not at all he is exactly the ignorant blowhard he seems...
  • Prayer request for family. My Father passed away Monday.

    09/03/2015 4:38:13 AM PDT · by DCBryan1 · 71 replies
    03 SEP 15 | dcbryan1
    Jim Bryan III, 75, of Longboat Key, FL, died Sep. 1, 2015 at Arkansas Hospice from complications of pancreatic cancer. He was born in Harrison, AR in 1940 to the late J.W. and Jane Bryan of Bellefonte, AR. He was preceded in death by his son Joey (who died of a brain tumor in 1981 at age ten) and grandparents Witt and Zula Burns Bryan and Noah and Myrtle Eoff Dearing. He is survived by his beloved wife of 52 years, Ann, son Jim, IV and his wife Ann, son Chris and his wife Jennifer, grandchildren Laura and her newlywed...
  • The Oldest Fallacy in Economics: Donald Trump and Bernie Sanders have fallen for it

    08/26/2015 5:29:57 AM PDT · by SeekAndFind · 66 replies
    Foundation for Economic Education ^ | 08/25/2015 | DONALD J. BOUDREAUX
    The quote of the day comes from pages 476-477 of the 5th edition (2015) of Thomas Sowells Basic Economics:At one time, it was believed that importing more than was exported impoverished a nation because the difference between import and exports had to be paid in gold, and the loss of gold was seen as a loss of national wealth. However, as early as 1776, Adam Smiths classic The Wealth of Nations argued that the real wealth of a nation consists of its goods and services, not its gold supply.\ Too many people have yet to grasp the full implications of...
  • Bone-Smoking Nonsense

    08/14/2015 12:16:13 PM PDT · by SatinDoll · 3 replies
    The Market-Ticker ^ | August 14, 2015 | Karl Denninger
    The amusement is strong from this one.... The economy has made great gains and is approaching an acceptable normal. Policy should shortly acknowledge this reality. The Fed took extraordinary policy measures in response to extraordinary economic conditions. Conditions are no longer extraordinary. Compared to earlier in the year, we know a lot more and can shelve some concerns. We appear to be past the most acute concerns of a spillover from Europe. I have more confidence in the resilience of the economy today compared to even a few months ago. I am much less concerned about a reversal of economic...
  • Your Host Under Siege in Norfolk, VA

    08/04/2015 7:07:05 PM PDT · by Kaslin · 3 replies
    Rush Limbaugh.com ^ | August 4, 2015 | Rush Limbaugh
    RUSH: Yesterday, remember there was the story about Dan Price, who has the credit card processing company out in Seattle. Back in April, you know the drill here, he announced that he read $70,000 is the magic salary. Everybody that makes 70 grand is pretty happy, pretty productive, and so he made a decision that everybody in his company in Seattle was gonna be paid $70,000, including him. He was earning over a million. He cut his own salary down to 70 grand. New hires got 70 grand. The most experienced people there got 70 grand. The slackers got 70...
  • When companies pay everyone the same...

    08/03/2015 5:21:47 PM PDT · by The Looking Spoon · 12 replies
    American Irony ^ | 8-3-15 | The Looking Spoon
    Made in response to Gravity Payments fiasco. It's hard to believe someone smart enough to build a successful business would be dumb enough to throw it all away...guess Dan Price wasn't that smart to begin with.
  • Whos Really Responsible for the Killing of Zimbabwes Lions and Other Wildlife?

    08/01/2015 4:01:55 PM PDT · by digger48 · 26 replies
    Time ^ | July 29, 2015 | Nash Jenkins
    Until 2000 Zimbabwe had a successful wildlife-management program, with many big-game animals flourishing. But by 2003, a staggering 80% of the animals that had lived on Zimbabwean safari camps (which employed firm quotas to regulate animal population sizes) had died. By 2007, there were only 14 private game farms in the country, compared with 620 prior to the land seizures of 2000, according to a National Geographic report. With the protection of private game reserves nearly nonexistent, once abundant wildlife began dying off, hunted by desperate farmers with no other options for sustenance. Despite the passing of harsher laws for...
  • In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman

    08/01/2015 4:38:47 AM PDT · by Kaslin · 30 replies
    Townhall.com ^ | August 1, 2015 | John Hawkins
    Yesterday would have been the 103rd birthday of Milton Friedman, who was one of the most brilliant economists of the last century. In honor of Friedman, here are his 20 best quotes. 20) A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both. 19) Because we live in a largely free society, we tend to forget how limited is the span of time and the part of the globe for which there has ever been anything like political freedom: the typical state of mankind is tyranny,...
  • A CEO raised his company's minimum wage to $70,000 a year, and some employees quit because of it

    07/31/2015 3:44:29 PM PDT · by Oldeconomybuyer · 80 replies
    Business Insider ^ | July 31, 2015 | by RACHEL SUGAR
    When Dan Price, CEO of the Seattle-based credit card payment processing firm Gravity Payments, announced he was raising the company's minimum salary to $70,000 a year, he was met with overwhelming enthusiasm. But in the weeks since then, it's become clear that not everyone is equally pleased. Among the critics? Some of Price's own employees. Two of the company's "most valued" members have left the company, "spurred in part by their view that it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises." Maisey McMaster once a big...
  • New York minimum wage increase: Who really pays

    07/30/2015 4:14:55 PM PDT · by Oldeconomybuyer · 11 replies
    CNN Money ^ | July 30, 2015 | By Jeanne Sahadi
    New York's new $15 minimum wage for fast food workers applies to more than 100 brands doing business in the state. The only criteria: They must operate in at least 30 locations nationwide. Laura Jankowski owns three Tropical Smoothie Cafe franchises on Long Island. The brand has 16 locations in New York and more than 400 nationwide. Research suggests that most fast food workers in New York are 22 or older. But Jankowski says the vast majority of her employees are high school and college students. Most earn $8.75 an hour but her shift leaders earn $9.75. The new higher...
  • Where the Nanny State is taking the middle class

    07/30/2015 8:51:33 AM PDT · by rktman · 1 replies
    canadafreepress.com ^ | 7/30/2015 | Dr. Ileana Johnson Paugh
    Countries run more efficiently when there is less government intervention. Government certainly has its role in providing a strong military, adequate border defense, police and fire protection, and education. Unfortunately government intervention in the free market has caused again and again more harm than good. And government has now become a Hydra that we fail to legally slay. Voting in a new government has been discouraging; it is now impossible to rid ourselves of the encroaching octopus with sharped-edged suckers.
  • Hillarynomics is an unoriginal mess of bad policy

    07/29/2015 5:12:02 AM PDT · by SeekAndFind · 10 replies
    New York Post ^ | 07/29/2015 | Charles Gasparino
    Hillary Clinton thinks quarterly earnings reports are bad. She believes something called short termism from activist investors like Carl Icahn is the root of all economic evil. And therefore, according to Hillary, if we all just focused on the long term by jacking up capital-gains taxes, the country would return to those economic halcyon days when she and her husband were running things out of the White House. At least thats what Clinton proposed Friday in a speech at NYU, in which she strained to sound populist about Wall Street lest she get out-demagogued by Bernie Sanders or Elizabeth Warren....
  • Hillary Clinton: Profit sharing is a win-win

    07/28/2015 5:02:05 AM PDT · by Sir Napsalot · 19 replies
    Boston Globe Opinions ^ | 7-28-2015 | Hillary Clinton
    .... Research out of MIT has shown that well-paid and well-trained employees tend to work more efficiently, stay on the job longer, and provide better customer service. So investing in employees is not just the right thing to do its smart economics. .... And, as we saw when Demoulas was temporarily ousted as Market Basket CEO, profit sharing can build real loyalty as well. When a company does well, employees deserve to share in the success. And if profit sharing can be such a win-win, what can we do to encourage more companies to adopt similar programs and share...
  • Donald Trump Full Speech In Oskaloosa, Iowa: The Good, the Bad, and the Ugly.

    07/26/2015 12:28:22 PM PDT · by Jim 0216 · 51 replies
    YouTube ^ | July 25, 2015 | The Savage Nation The Savage Nation
    Donald Trump delivers remarks at his Make America Great Again Rally & Picnic in Oskaloosa, Iowa on July 25, 2015.
  • Fast Food Franchise Owners Consider Suing N.Y. Over Minimum Wage

    07/24/2015 4:03:49 PM PDT · by Oldeconomybuyer · 26 replies
    NBC News ^ | July 24, 2015
    Gov. Andrew Cuomo wants to have it his way with New York's fast-food industry and restaurant owners aren't loving it. Franchise owners say they're considering a lawsuit against Cuomo's plan to raise the minimum wage in their eateries to $15 an hour, arguing that it is not fair or legal to be saddled with such a significant increase in labor costs that won't apply to retail, landscaping, child care or other traditionally low-wage industries. "Singling out fast food restaurants while ignoring other industries that hire workers who are paid under $15 is unfair and discriminatory, harms New York workers,...
  • China's Record Dumping Of US Treasuries Leaves Goldman Speechless(90 days $520 billion U.S. T-Bonds)

    07/23/2015 5:20:22 AM PDT · by Enlightened1 · 39 replies
    Zero Hedge ^ | 07/22/15 | Tyler Durden
    On Friday, alongside China's announcement that it had bought over 600 tons of gold in "one month", the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We explained all of his on Friday in "China Dumps Record $143 Billion In US Treasurys In Three Months Via Belgium", and frankly we have been surprised that this extremely important topic has not gotten broader attention. Then, to our relief, first JPM noticed. This is what Nikolaos Panigirtzoglou, author of Flows and Liquidity had to say on the topic of China's...
  • Why Pensions Are A (Big) Black Swan Chicagos Unfunded Liabilities Are 10 Times Its Revenues

    07/19/2015 7:44:43 AM PDT · by george76 · 33 replies
    Investment Watch ^ | July 17, 2015 | John Rubino
    Why Pensions Are A (Big) Black Swan Chicagos Unfunded Liabilities Are 10 Times Its Revenues, 50% Of Their Cash That Will Have Go To Pensions. [ Full title ]. ... When talk turns to what might derail todays debt-driven recovery, the big names and easy stories get most of the attention: China with its soaring debt, volatile equities and heavy-handed intervention; Japan with its stratospheric debt and science fictiony demographics; Greece, which needs no explanation; the developing countries with their weak currencies and mountain of dollar-denominated debt. And of course Americas triple bubble of stocks, bonds and derivatives. Underfunded...
  • Economic Protectionism and Consumer Safety

    07/17/2015 10:05:03 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 7/15/2015 | Kahryn Riley
    An individuals right to pursue an honest occupation without arbitrary governmental interference has been promoted and protected throughout Anglo-American history. But today that right is being reinterpreted and compromised, largely due to the overuse of protectionist occupational licensing schemes. Occupational licensing is often used as a tool to stifle competition and to limit disfavored groups. Unfortunately, it also has a long history of being abused to perpetuate racial inequality, including attempts to exclude the Chinese from construction jobs on California railroads and African-Americans from skilled trades such as plumbing. Even in the absence of racism, however, a legal construct known...
  • How Conservatives Teach

    07/10/2015 10:15:34 AM PDT · by Academiadotorg · 6 replies
    Accuracy in Academia ^ | July 10, 2015 | Malcolm A. Kline
    Liberal friends curious about how conservative professors actually teach might consider asking them. Thats what Jeisi Zhao of the Young Americas Foundation did in an interview with George Mason University economist Walter Williams. I teach micro-economic theory, and in my classroom I never talk about the kind of things that I talk about in my syndicated column or on radio, Dr. Williams told Zhao. In my classroom, I never talk about these things because they are my preferences and values, and I think it is academic dishonesty for professors to teach students their values. I would never teach my preferences....
  • First Of Ten Part Friedman

    07/08/2015 4:11:39 AM PDT · by knarf · 4 replies
    youtube ^ | July 8, 2015 | knarf
    Last one for today ... I promise
  • 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 GDPs Going Down? Thats Good!