Sean Rosenthal dismantles Keynesian economist Paul Krugman's ridiculous comments regarding the British 'austerity' measures.
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Sean Rosenthal destroys Keynesian economist Paul Krugman
http://mises.org –
San Jose's $100,000 pension club is rapidly growing
http://www.mercurynews.com –
With San Jose leaders locked in a heated debate over how to curb retirement costs, an analysis by this newspaper shows a startling jump in six-figure pensions for retired cops, firefighters and top City Hall bureaucrats.
Nearly 1 in 3 retired San Jose police officers and firefighters now receive annual pensions of $100,000 or more -- up from 1 in 5 just two years ago, according to newly released records.
Category: Incompetence Tags:
Topeka to Stop Prosecuting Domestic Violence
http://www.fox4kc.com –
In the face of budget cuts, Topeka county courts have stopped hearing marijuana possession and distribution cases. Oh, no, wait. They've stopped hearing domestic violence cases and are pondering repealing the domestic violence law entirely. TO SERVE AND PROTECT!
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Category: Bad Cop Tags:
“It’s Going to Get a Lot Worse”: New Recession Unavoidable
http://finance.yahoo.com –
Weakness in leading economic indicators has become so pervasive the Economic Cycle Research Institute now predicts a new recession is unavoidable.
Read more »Category: Economics Tags:
Bernanke: There Is No Inflation (and If There Were, We Could Stop It)
http://finance.yahoo.com –
If you want to drive a rational economic-type of person crazy, simply mimic Fed Chairman Ben Bernanke's willful refusal to acknowledge seemingly obvious inflationary trends.
You can start by quoting Dr. Bernanke's observations on the ramp in commodity prices, made Monday night:
"I think the increase will be transitory, that it will pass, and we will go back to a level of inflation that is consistent with our price stability mandate."
Read more »Category: Money Tags:
"The worst is yet to come" - the guys who predicted the current crisis
http://www.youtube.com –
From the guys (Peter Schiff et al) who were mocked and predicted the current financial crisis, comes new revelations that the worst is yet to come; the biggest bubble of all is about to burst: The Bailout Bubble.
Check out this short but pretty powerful documentary that touches on why we're not of the crisis, but why things are probably going to get worse before they get better.
California's Last auto Plant Shuts its Doors
http://www.breitbart.com –
The plant made Toyota Tacoma trucks and Corolla sedans. The last Tacoma rolled off the assembly lines last week, and Corolla production ended Thursday.
State officials are pursuing federal grants to help those impacted by the closure.
Read more »
Category: Economics Tags:
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