The state of our union is broke, indebted, languishing in economic malaise with no end in sight, and on the verge of full-blown economic catastrophe...
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The state of our union is broke, indebted, languishing in economic malaise with no end in sight, and on the verge of full-blown economic catastrophe...
Read more »Land banks are government entities that buy, sell and demolish real estate properties. Bernanke is encouraging the creation of Federal Land Bank, which could make the Federal Government the landlord of many renters.
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According to the 18th annual Index of Economic Freedom, released Thursday morning by the Heritage Foundation and the Wall Street Journal, ... America has slid from No. 9 in 2011 to tenth place today. Indeed, this is the fourth consecutive year in which the U.S. fell a notch. Out of a perfect score of 100, America declined 1.5 points to 76.3. Denmark, No. 11, scored 76.2.
Read more »Graphic Charts of Crony Capitalism Being Alive and Well in Fascist America
Here are Venn diagrams of the big government/big business partnership that is ruining running the United States. They were created by Stephanie Herman. I will of course lead off with the granddaddy of all big government/big business partnerships, General Electric.
Read more »Krugman - in - Wonderland
Analysis and criticism of America's most prominent public intellectual and champion of Keynesian economics. I am part of the Austrian School of Economics, and I critique Krugman's writings from that perspective.
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Ohio sees sharp drop in number of millionaires. 3,360 gone.
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CONCORD, N.H. — “I can tell you in New Hampshire people don’t like sales tax,” a diner eating lunch in a Concord restaurant told the former Godfather’s Pizza CEO. “Don’t confuse the New Hampshire sales tax with this because you’re going to have to pay that anyway,” Cain said.
But the man quickly corrected the presidential candidate: “New Hampshire doesn’t have a sales tax.” “Don’t mix the two,” Cain insisted. “Some people say, well we don’t want a sales tax. It’s not a state sales tax.”
Read more »Lynn Woodman, an angry American guy blows up with a short rant about the government and how they can't even balance a check book. Surprisingly, his message is very libertarian and capitalistic. Hilarious and very NSFW. (LOTS OF LANGUAGE! of course, he's angry!)
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Weakness in leading economic indicators has become so pervasive the Economic Cycle Research Institute now predicts a new recession is unavoidable.
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Outside the Washington headquarters of the Federal Trade Commission is a sculpture of a powerfully built, shirtless man forcibly restraining an unruly horse. It's called "Man Controlling Trade," and it captures a common attitude in government: Oftentimes, capitalist firms need to be saddled and broken.
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A new study shows that when Americans buy products labeled "Made in China" 55 cents on the dollar goes to people in the United States.
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We’ve all heard the news over the past week; Members of congress and the worlds largest news organizations have been hammering the claim that “if the debt ceiling isn’t raised, the federal government will go into default and our credit rating will drop, resulting in through-the-roof taxes and economic armageddon throughout the world!”. Is this true or a myth? The answer is: it’s a myth. And its obvious right on it’s face.
Read more »The Federal Reserve's massive stimulus program had little impact on the U.S. economy besides weakening the dollar and helping U.S. exports, Federal Reserve Governor Alan Greenspan told CNBC Thursday.
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The body of a woman who drowned was apparently in a Fall River public pool for two days and remained there while people were swimming in the pool before it was discovered, police said Wednesday.
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Collier County, Florida -- Have you heard the one about a homeowner foreclosing on a bank?
Well, it has happened in Florida and involves a North Carolina based bank.
Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff's deputies foreclose on the bank.
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Chas Freeman was President Nixon's interpreter during Nixon's historic visit to China in 1972. Now, nearly 40 years later, after an impressive diplomatic and defense career, he's interpreting China for the rest of us.
Read more »BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.
For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
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