Blog Archives

Bono: 'Capitalism Takes More People Out of Poverty Than Aid'


U2 frontman Bono, who is also an investor, philanthropist, and Christian told students at Georgetown University that real economic growth, not government aid, is what lifts people and countries out of poverty long-term, emphasizing that “entrepreneurial capitalism” is the key

Posted in Economics, Email Featured, Entertainment

Feds Urge Banks to Call Cops on Customers Who Withdraw $5000 or More

cash in hand

The Justice Department is ordering bank employees to consider calling the cops on customers who withdraw $5,000 dollars or more, a chilling example of how the war on cash is intensifying. Banks are already required to file ‘suspicious activity reports’

Posted in Economics, Government

GOP Working on Deal to Increase the Deficit

national debt1

Republicans are ready to join Democrats and increase Medicare repayments in a way that will increase the deficit $130 billion in a decade. Is there some political manual somewhere that explains to elected officials that, if they are going to

Posted in Economics, Politics

Seattle Eateries Closing as $15 Minimum Wage Approaches

out of business

Last summer we talked about the rather faint hopes that some Seattle businesses were clinging to as the city moved toward jacking up their minimum wage (for some jobs) to $15.00 per hour. Employers – particularly in the restaurant industry

Posted in Business, Economics

Greece More Solvent Than US Says Expert Before Senate Budget Committee


Professor Lawrence Kotlikoff of Boston University testified before the Senate Budget Committee. As usual, his testimony is shocking The U.S. has a $210 trillion “fiscal gap” and “may well be in worse fiscal shape than any developed country, including Greece,”

Posted in Economics

Mark Cuban Predicts Student Debt Crisis to Cause College Implosions


After 114 years, Sweet Briar College revealed this week that it would close after the spring 2015 semester, an abrupt announcement that shocked students, alumni, and many people active in higher education. One person not surprised by Sweet Briar’s news

Posted in Economics, Education

Scott Walker – We Must Think More About Future Generations Than Ourselves

scott walker

Wow. Conservatives really like Scott Walker right now. The Governor of Wisconsin entered to speak just moments after a heated debate about the legalization of marijuana that fractured the usually united group of conservatives at CPAC, and he quickly healed

Posted in 2016 Election, Culture, Economics

Janet Yellen Freaking Out About Possibility of Auditing the Fed

janet yellen

Janet Yellen is very alarmed that some members of Congress want to conduct a comprehensive audit of the Federal Reserve for the first time since it was created. If the Fed is doing everything correctly, why should Yellen be alarmed?

Posted in Economics, Ethics

A Third of Americans Have No Savings for Emergencies

broken piggy bank

Our political and economic leaders have encouraged a culture of spending, as if that was the key to economic growth. They have encouraged consumer debt and consumers have mostly fallen for their message. Thus, the present mess we are in.

Posted in Economics, Family

CNBC's Jim Cramer: Almost Every Market 'Rigged'

gold coins

CNBC’s Jim Cramer: Almost every market ‘rigged’ From Feb. 10 broadcast of CNBC’s “Mad Money”: Caller: There seems to be a currency crisis in the world. Gold is soaring in every currency but the U.S. Is there a conspiracy here

Posted in Business, Economics, Ethics

Federal Tax Revenues Top $1 Trillion as America Runs Huge Deficits

deficit spending

For the first time ever, real federal tax revenues topped $1 trillion in the first four months of the fiscal year–October through January–according to data released Wednesday by the U.S Treasury. Federal tax revenues hit a record $1,046,224,000,000 for fiscal

Posted in Economics, Taxes

US Senator Demands Federal Reserve Bailout Of Greece

Bernie Sanders

Bernie Sanders is perpetually out to lunch and has been of course for a long time. Occasionally some light seems to shine onto the brain of the Vermont Senator, but too little. The clouds are definitely over the sun on

Posted in Economics, Email Featured, Taxpayer Waste, World News

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