Latest Articles: Economy
The taboo that could break america.
Trump Impeachment DOA in Senate
Seattle Sure Waited a Long Time to Implement This New Policy on Rioting
Warden/Executioner interview-Charlie Jones
He Reveals What 1950s Men Thought & Did
7 Black Americans Express Their Rage In The 1960s
Jackie Kennedy on MLK: 'That man's terrible' - theGrio
World Mourns Nehru
STaTes Eye ... Allowing Concealed Carry of Guns --- WiThouT a PermiT
FEC Filing of the "Patriot Party"
NYC ouT of conTrol ... 12 sub humans beaT man - sTrip him naked - sTeal everyThing --- in broad daylighT on major inTersectTon
It's This Simple: Liz Cheney Must Go
Rand Paul Wipes the floor with pedophile lover George Stephanopoulos
Worst Fishing Day Ever (Winter Fishing) ***Bad Idea***
Pelosi Wanted Machines Guns
They're Coming to America
Alexandria Ocasio-Cortez Skipped Biden's Inauguration...And The Reason Is Beyond Idiotic
Bernie Sanders predicts the Democratic Party could be 'wiped out' in the 2022 midterm elections
Larry King ... Television legend --- dies aT age 87
OuTrage over U.S. flag flown upside down ... aT half sTaff at SouTh Maui posT office --- InauguraTion Day
Biden won’t stop them, and neither will cops, until Portland is burned down
SALUTE THE MARINE!!!!!
Trump's greatest legacy: The GOP now represents America's workers
Joe’s ... firsT 17 AcTs --- Of DesTructTon
google is evil
Now wiTh The UniTed StaTes Taken ouT --- They have a glide paTh To “build iT back beTTer” / “susTainabiliTy” / “social justTce” us --- inTo “The GreaT ReseT
DAY ONE: Beijing Biden Kills Keystone Pipeline and Thousands of Jobs, Rejoins Paris Climate Accord, Removed 1776 Project, Vows to Restart Iran’s Nuclear Program, Fed Mask Mandates
Republicans Block Swift Approval of Biden's DHS Pick
President Donald J. Trump Departure Ceremony
Stop the Steal
Feds ArresT Pennsylvania Woman ... Accused of STealing --- Pelosi’s LapTop
Enter the Dumbest Administration on Earth
How Joe Biden Will Open The Floodgates To Transgendering Public Schools
CNN Pushes to Close Down Newsmax TV
tax and regulate
Supreme CourT Deals DemocraTs A Major DefeaT In Texas ... They JusT Ruled ---To RejecT Universal Mail-In BalloTing
EYEWITNESS' ACCOUNT DC
Biden’s party seeks to divide and destroy, not unite and heal
“If You Need All This To Protect Your Inauguration from the People, Maybe the F-ing People Didn’t F-ing Elect You!” – DC Worker Shows Video of Military Checkpoints in City (VIDEO)
How Soon Will the Social Security Trust Fund Be Depleted and How Should People Protect Their Retirement Income?
With These Figures, It's No Shock Why Republicans Got Swept by Democrats in Georgia
Domestic Terrorist?" - Leftist BLM Activist Who Stormed Capitol On Jan. 6 Arrested, Charged - John Earle Sullivan
The Republican Party Killed Itself
Australia to kill pigeon that crossed Pacific from Oregon
Could Joe Biden face impeachment?
Democrats Are Using The Recent Capitol Riot To Consolidate Power
Hold Twitter To Account
The Minimum Wage Hike Hangover Arrives: Dining Out To Cost 10% More Starting January 1
Post Date: 2016-01-02 18:10:48 by Hondo68
One year ago, when the brainwashed economist Ph.D intelligentsia was stampeding over each other to come up with the most hyperbolic terms to dub the recovery that would be unleashed on the economy as a result of plunging oil, and gas, prices - with "unambiguously good" being our personal favorite - we would write post after post explaining just how wrong this is, and how in a hyperfinancialized economy, a 2-year record collapse in oil prices is about as "unambiguously bad" as it gets, and not just only for the hundreds of thousands of highly paid energy sector workers who had been the only source of in the early years after the financial crisis. Back then US GDP had ...
No Inflation, No Interest, No Recovery: How Printing Money Enslaves the Middle Class
Post Date: 2015-12-29 13:02:29 by cranky
There is a spirited argument among economists about whether the much-delayed Obama Recovery has arrived, and whether its anything to celebrate if so. A real recovery, sufficient to begin healing the enormous damage to our workforce and pull government debt out of its death spiral, would be obvious. We wouldnt have economists peering at spreadsheets with electron microscopes to detect it. Why should anyone celebrate an economy that leaves most workers with declining wages and a growing burden of debt? Even left-wingers agree, uncomfortably, that income inequality got much worse under Obama, as the rich got richer, while the poor
Alaska governor proposes income tax to help plug budget gap
Post Date: 2015-12-09 16:00:16 by Willie Green
JUNEAU, Alaska (AP) Alaska Gov. Bill Walker is proposing instituting a personal income tax for the first time in 35 years as the oil-dependent state looks to plug a multibillion-dollar budget deficit amid chronically low prices. In laying out his budget plan Wednesday, Walker also proposed using the fund that provides annual checks to most Alaskans to generate a stream of cash to help finance state government. The plan would change how dividends are calculated and mean lower checks, at least initially with 2016 payouts about $1,000 less than this year's. Alaska isn't alone among oil-producing states to experience hard times as oil prices stay low. But unlike states ...
Will Congress Pass Spending Bill Before Deadline? (One vote to let unlimited spending expire, requiring a supermajority to resume insanity)
Post Date: 2015-12-08 21:41:47 by Hondo68
Congress is hoping to close out its session and depart for the holidays, but two major items remaining on its agenda are standing in the way: the omnibus bill and a tax break extenders package. The current government spending bill is set to expire on December 11, but congressional leaders have already indicated that its highly unlikely a budget agreement will be reached before then, setting the stage for yet another potential shutdown. Lawmakers have stated that a stopgap spending bill will be passed to keep the federal government open after Friday, and will serve to buy more time for talks on the omnibus. But according to White House spokesman Josh Earnest, President Obama will not sign ...
The War on Terror is Creating More Terror
Post Date: 2015-11-30 16:33:51 by Hondo68
The interventionists will do anything to prevent Americans from seeing that their foreign policies are perpetuating terrorism and inspiring others to seek to harm us. The neocons know that when it is understood that blowback is real that people seek to attack us not because we are good and free but because we bomb and occupy their countries their stranglehold over foreign policy will begin to slip. That is why each time there is an event like the killings in Paris earlier this month, they rush to the television stations to terrify Americans into agreeing to even more bombing, more occupation, more surveillance at home, and more curtailment of our civil liberties. They tell us ...
Inequality in South Africa: A Post-Apartheid Analysis
Post Date: 2015-11-17 13:34:19 by SOSO
Inequality in South Africa: A Post-Apartheid Analysis July 7, 2015 - 1:05pm | admin By Alireza Saniei-Pour Twenty years after South Africas transition to democracy, inequality continues to be a major concern in the country, with stark contrasts between the haves and have nots. Troublingly, despite policy reforms aimed at reducing inequality, South Africa still has a two-tiered economy, and lacks the stepladder positions that allow for the growth of the middle class. Current evidence shows that increasing wage differentials between people at the 90th and 50th percentiles are driving this persistent inequality. Contrary to the popular belief that inequality is growing ...
America Must Secede - Untangling America from the American Empire
Post Date: 2015-10-31 17:48:22 by Hondo68
Those calling for an end of the Empire don't seem to realize that the federal state's vast entitlement programs are ultimately funded by the Empire. The Status Quo would have us believe that America and its Empire are one entity. This is handy for those with Imperial designs but it is false: America could be untangled from its Empire, and many of us believe it is essential that America untangles itself from its Imperial structures and ideologies. What I call The Imperial Project was cobbled together in the aftermath of World War II, when the Soviet Union and America posed an existential threat to each other's ideologies and systems. It may be hard to believe, but the U.S. did ...
Bernie Sanders's Highly Sensible Plan to Turn Post Offices Into Banks
Post Date: 2015-10-20 16:57:45 by Willie Green
They're much less crazy than payday-lending services, and the rest of the world agrees. In an interview with Fusions Felix Salmon the day after last weeks Democratic debate and published Tuesday, Senator Bernie Sanders discussed the marquee features of democratic socialism hes been tirelessly calling for during his presidential campaign: higher taxes for the wealthiest Americans, an increased minimum wage, and breaking up the biggest Wall Street banks.Salmon also raised a possibility that has not been as prominent in Sanderss stump speeches, but animates him nonetheless: turning the U.S.s post offices into banks. Sanders: If you are a low-income person, it ...
Why Free Markets Make Fools of Us
Post Date: 2015-10-19 09:08:55 by Willie Green
Phishing for Phools: The Economics of Manipulation and Deception by George A. Akerlof and Robert J. Shiller Princeton University Press, 272 pp., $24.95 Very few economists foresaw the great recession of 20082009. Why not? Economists have long assumed that human beings are rational, but behavioral findings about human fallibility have put a lot of pressure on that assumption. People tend to be overconfident; they display unrealistic optimism; they often deal poorly with risks; they neglect the long term (present bias); and they dislike losses a lot more than they like equivalent gains (loss aversion). And until recent years, most economists have not ...
Stephen Hawking Says We Should Really Be Scared Of Capitalism, Not Robots [Full Thread]
Post Date: 2015-10-09 04:41:39 by Willie Green
"If machines produce everything we need, the outcome will depend on how things are distributed." Machines won't bring about the economic robot apocalypse -- but greedy humans will, according to physicist Stephen Hawking. In a Reddit Ask Me Anything session on Thursday, the scientist predicted that economic inequality will skyrocket as more jobs become automated and the rich owners of machines refuse to share their fast-proliferating wealth. If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor ...
Most Americans have less than $1,000 in savings
Post Date: 2015-10-07 16:47:24 by Willie Green
And over 20% dont even have a savings account Americans are living right on the edge at least when it comes to financial planning. Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% dont even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey for personal finance website GOBankingRates.com. Its worrisome that such a large percentage of Americans have so little set aside in a savings account, says Cameron Huddleston, a personal finance analyst for the site. They likely dont have cash reserves to cover an emergency and will have to rely ...
Bernie Sanders Explains Social Security
Post Date: 2015-10-06 12:10:51 by Willie Green
Marijuana Falls From Sky, Crushes Doghouse
Post Date: 2015-09-28 13:04:15 by Hondo68
Bundle that hit carport probably fell from plane (Newser) Maya Donnelly awoke to what sounded like thunder in the early morning hours, but she dismissed it as a typical monsoon storm and went back to sleep. Later that morning, she looked in the carport at her home in Nogales, Ariz., near the border with Mexico, and saw pieces of wood on the ground. She found a bulky bundle wrapped in black plastic. Inside were roughly 26 pounds of marijuanaa package that authorities say was worth $10,000 and likely dropped there accidentally by a drug smuggler's aircraft. "It's all right on top of our dog's house," Donnelly says of the Sept. 8 incident. "It just made ...
What's wrong with Fed Chief Janet Yellen?
Post Date: 2015-09-27 19:45:10 by Operation 40
Fed Chairwoman Janet Yellen stumbled over her words toward the end of a nearly hourlong speech at the University of Massachusetts-Amherst on Thursday. Ms. Yellen was seen by EMT staff on-site and later resumed her schedule. Published on Sep 24, 2015 Money for Nothing - Inside the Federal Reserve Money for Nothing: Inside the Federal Reserve is an independent feature-length American documentary about the Federal Reserve written and directed by Jim Bruce, and narrated by Liev Schreiber. It examines 100 years of the Federal Reserve's history, and discusses its actions and repercussions the US economy leading to the late-2000s financial crisis. Bruce believes "a more fully and ...
Trump says high CEO pay is a joke, 'disgraceful'
Post Date: 2015-09-13 15:47:55 by rlk
AOL Trump says high CEO pay is a joke, 'disgraceful' WASHINGTON (Reuters) -- Republican presidential frontrunner Donald Trump on Sunday blasted the high salaries of chief executives as a joke and a disgrace and said these were often approved by company boards stacked with the CEO's friends. Trump, a real estate mogul who has said he plans to use his net worth of $8.7 billion to fund his White House campaign, said in an interview with CBS' "Face the Nation" that it was hard to tackle the question of corporate pay. "It's disgraceful, sometimes the boards rule but I would probably say it's less than 10 percent, and you see these guys making enormous ...
Why (Any) Economics Matters
Post Date: 2015-09-05 23:21:22 by Hondo68
First let me say that what we today call Austrian economics flows from the great legacy of classical economics, with the very important modification economists now call the marginal revolution. Austrian economics is also a term that describes a healthy and vibrant (though often oppositional) modern school of economic thought. It originated with intellectual giants like Carl Menger and Ludwig von Mises, names Im sure many of you are familiar with. These economists were from Austria, hence the term.There was a landmark conference at South Royalton, Vermont in 1974, attended by the likes of Murray Rothbard and Milton ...
On a plate [Full Thread]
Post Date: 2015-08-30 17:43:00 by A Pole
Donald Trump’s Plan for Your Taxes Might Be EXACTLY What He Needs to Win the White House
Post Date: 2015-08-11 12:01:16 by nativist nationalist
The liberal media has been going absolutely berserk over Donald Trumps remarks on immigration. However, they are ignoring his stances on other issues, some of which are very insightful. In his book, Time to Get Tough: Making America #1 Again, published in 2011, Donald Trump laid out a plan to transform Americas tax code, and it is beautiful. Trumps code, which he calls the 1-5-10-15 income tax plan, is a simplistic way to fix our nations broken taxation system, without putting the strain on any particular group of people. Under Trumps tax plan, those making up to
$30,000 per year will pay 1 percent in federal income taxes $30,00 ...
The Kansas Experiment
Post Date: 2015-08-06 10:33:01 by Willie Green
My uncle Gene is a state legislator in Topeka. This year, he and his fellow Republicans tried to do something pretty drastic with the state budget. And I got to watch the whole thing. When I think of my uncle Gene, I think of a man who, late into the night at a particularly boisterous family wedding, would flatten his palms against the dance floor, extend his body parallel to the ground and then begin to undulate his legs and torso in a move known as the worm. Or I think of how, even later that same evening, he would agitate for a midnight meal at a diner in west Wichita, Kan., called the Golden Bell. Or of how, in his more abstemious workaday life, he left the family business a ...
A Brief History of Interest [Full Thread]
Post Date: 2015-07-15 13:02:57 by Pericles
A Brief History of Interest On December 18, 2010, in Research & Articles, by AMI This essay was originally created for the Swiss Money Museum Web site (www.moneymuseum.org/) in mid 1999. It appears here thanks to the gracious permission of Dr. Jurg Conzett, creator of the Money Museum Web site. Updated and adjusted materials taking continuing research on this subject into account are found in The Lost Science of Money book, published four years after this piece (see link below). by Stephen Zarlenga copyright 2000, AMI 1)Early Loans And Interest Were Based On Agricultural Produce From about 30,000 BC human existence became more refined until social and economic forms of ...
Inflation of basic income items
Post Date: 2015-07-14 18:31:03 by TheFireBert
"Whenever we talk about anything involving a basic income -- whether today's concepts of minimum-wage jobs and welfare, or tomorrow's concepts of the gig economy and guaranteed minimum income -- we're also talking about what people REALLY NEED to just be living decently in the world. Turns out that the things that make old people crazy on Fox News -- welfare recipients have cable TV and buy fancy clothes [and Obama-phones (TFB)]! -- are far cheaper than they used to be, and therefore are rational decisions for the poor. The problem is that the truly important investments of life -- health, education, nutrition -- have become more expensive." Click for Full Text!
If The Cost Of Money Is a Fake Price
Post Date: 2015-07-10 23:59:48 by nativist nationalist
Then the price of every other asset is also a fake price -- Commentator on CNBC just now. Of course you think this is great right now with the DOW up 200+ points, right? Oh, the truth keeps coming: -- "all that is happening is pulling forward activity and encourages excessive leverage." (gee, who's said that for the last 8 years?) He also just brought up the damage pension funds take in their laddered portfolios. Peter...... oh my...... Update: Watch the segment here...
Trading resumes on NYSE after 'technical' issue hits Big Board
Post Date: 2015-07-08 17:16:00 by Hondo68
A flag flies on outside of the New York Stock Exchange building in New York in this May 6, 2010 file photo. REUTERS/Lucas Jackson/Files Trading resumed on the New York Stock Exchange Wednesday afternoon after an internal technical hiccup sparked a halt that lasted more than three-and-a-half hours.A bulletin to traders said the relatively small NYSE MKT opened at 3:05 p.m. ET, while the larger NYSE opened at 3:10 p.m. ET.NYSE spokesperson Marissa Arnold declined to offer specifics on the root of the issue, except to say it's "technical" in nature. However, a NYSE status bulletin indicated trading across NYSE and NYSE MKT was halted on all symbols at 11:32 a.m. ET. NYSE's ...
Lincoln's Tariff War
Post Date: 2015-06-27 13:48:58 by lana
Lincoln's Tariff War When Charles Adams published his book For Good and Evil, a world history of taxation, the most controversial chapter by far was the one on whether or not tariffs caused the American War between the States. That chapter generated so much discussion and debate that Adams's publisher urged him to turn it into an entire book, which he did, in the form of When in the Course of Human Events: Arguing the Case for Southern Secession. Many of the reviewers of this second book, so confident were they that slavery was the one and only possible reason for both Abraham Lincolns election to the presidency and the war itself, excoriated Adams for his analysis that the ...
Greece is a sideshow. The eurozone has failed, and Germans are its victims too
Post Date: 2015-06-23 03:22:53 by A Pole
Nearly every discussion of the Greek fiasco is based on a morality play. Call it Naughty Greece versus Noble Europe. Those troublesome Greeks never belonged in the euro, runs this story. Once inside, they got themselves into a big fat mess and now its up to Europe to sort it all out. Those are the basics all Wise Folk agree on. Then those on the right go on to say feckless Greece must either accept Europes deal or get out of the single currency. Or if more liberal, they hem and haw, cough and splutter, before calling for Europe to show a little more charity to its southern basketcase. Whatever their solution, the Wise Folk agree on the problem: its not Brussels ...
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