Category: Economics

  • Greeks are confused

    Here you have people who put their faith in government. Government gave them a party. Now the bill has come due. The creditor has the power to thrash them and yet they are defiant. Their leader doesn’t seem to grasp basic economics. He thinks he can stop paying the paper boy yet still demand a…

  • High CEO salaries can be bad for business, U. study finds

    “Employing complex statistical analysis, the study establishes a deeper understanding of the link between executive pay and financial performance and reveals that the more executives are paid, the more they exhibit overconfidence in their decision-making, Cooper explained. This overconfidence leads to increased risk-taking behaviors, such as aggressive mergers and acquisitions, investments in questionable projects and…

  • Five major ObamaCare taxes that will hit your wallet in 2013

    Five major ObamaCare taxes that will hit your wallet in 2013 While the individual mandate tax gets most of the attention, the ObamaCare law actually contains 20 new or higher taxes on the American people. These taxes are gradually phased in over the years 2010 (with its 10 percent “tanning tax”) to 2018 (when the…

  • Obama Quote

    “The private sector is doing fine,” the president said during a White House press conference. “Where we’re seeing weaknesses in our economy have to do with state and local government. … If Republicans want to be helpful, if they really want to move forward and put people back to work, what they should be thinking…

  • Frontline: Money, Power and Wall Street

    This is an excellent Frontline. Well worth watching. It’s obviously an investment in time but you won’t regret it. http://www.pbs.org/wgbh/pages/frontline/money-power-wall-street/

  • Mitt’s Money

    According to Pablo Torre of Sports Illustrated, “by the time they have been retired for two years, 78 percent of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.” The problem isn’t just confined to professional football players. Torre’s article says that within five years of retirement, an estimated 60 percent…

  • Obama on the rich paying their fair share

    April 16, 2008 Democratic presidential debate between Hillary Clinton and Barack Obama moderated by Charlie Gibson of ABC News. GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what…

  • Raid the Rich

    For those liberals that believe in consequences of government spending we are seeing in Greece are unrealistic in the United States, here is an exercise that brings the numbers into perspective.    

  • Unions in China

    “Increasing attention has been paid to the sharp increase in suicides this year at Foxconn’s Shenzhen factory which manufactures iPods, iPads, and iPhones. It also fills orders from a broad list of clientele including Dell, HP, Microsoft, Nintendo, and Sony.” My guess is that the Chinese are going to take to Unions like a dog…

  • Stimulous

    Democrats only believe money generates jobs when that money is in the hands of the poor. The won’t acknowledge that that same money creates jobs when in the hands of the rich (the owners of the money). Frustrating