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Economics
Energy Issues, May 8th, 2013
In Montana, ranchers line up against coal A proposed mine — and a railway extension to carry it out — would put their land at risk for an energy plan that mainly benefits Asia, ranchers say. But they’re in the … Continue reading
Opinion about Fracking, March 25th, 2013
PITTSBURGH – Some of the nation’s biggest oil and gas companies have made peace with environmentalists, agreeing to a voluntary set of tough new standards for fracking in the Northeast that could lead to a major expansion of drilling. Continue reading
American Dream in trouble, November 12th, 2012
Today, America’s largest employer is Walmart, whose average employee earns $8.81 an hour. Continue reading
European Affairs Greece, November 1st, 2012
Which politician will be brave enough to tell voters the days of abundance are over? Continue reading
Internet Issues cyber-warfare, October 15th, 2012
Obama signs secret directive to help thwart cyberattacks www.washingtonpost.com/world/national-security/obama-signs-secret-cybersecurity-directive-allowing-more-aggressive-military-role/2012/11/14/7bf51512-2cde-11e2-9ac2-1c61452669c3_story.html Panetta Warns of Dire Threat of Cyberattack on U.S. www.nytimes.com/2012/10/12/world/panetta-warns-of-dire-threat-of-cyberattack.html Why it matters: Without warning, the electricity goes out, leaving you and your family in the dark for days, perhaps weeks. … Continue reading
State of the Economy, September 9th, 2012
Unemployment falls to 8.1 percent; August jobs number below expectations Continue reading
Energy Independence Happy Fourth, July 4th, 2012
Deep-water technology enabled Brazil, which for years depended on oil imports, to become a net exporter in 2009. Continue reading
Class warfare Facts, May 31st, 2012
For example, the share of households living on more than $200,000 a year was unchanged from 2009 to 2010. Meanwhile, households getting by on less than $35,000 a year grew as a share of the area population. “The rich are … Continue reading
Middle Class economy 21st cen, May 12th, 2012
The Fortune 500 generated a total of $824.5 billion in earnings last year, up 16.4% over 2010. That beats the previous record of $785 billion, set in 2006 during a roaring economy. Continue reading
The Rich Get Richer, April 1st, 2012
An imbalance between rich and poor is the oldest and most fatal ailment of all republics.
Plutarch
The causes which destroyed the ancient republics were numerous; but in Rome, one principal cause was the vast inequality of fortunes.
Noah Webster Continue reading
Divided State of America, March 9th, 2012
A significant and growing portion of the population lives in poverty. In 2007, the rate was 12.5 percent. By 2010, it was 15.1 percent. www.washingtonpost.com/opinions/the-poor-are-the-americans-no-one-wants-to-talk-about/2012/01/18/gIQADZM5BQ_story.html Third world America: Bodies driven to a pauper’s burial in a U-Haul as tough economic … Continue reading
Dick Morris spins Bain Romney, February 14th, 2012
“Crony capitalism, where people pay each other off at the expense of the people of this country, is not free enterprise, and raising questions about that is not wrong,” Gingrich said in South Carolina. Americans, he said, should know whether … Continue reading
Mitt Romney Bain Capital 2012 election, January 2nd, 2012
Romney’s role at Bain was not to create jobs but to provide for good returns for his investors. For more on this subject, look at our examination of Romney’s untenable figure. www.washingtonpost.com/blogs/fact-checker/post/fact-checking-the-cnn-debate-in-charleston/2012/01/19/gIQALs8dCQ_blog.html These are intelligence indicators concerning the economy’s future … Continue reading
Manufacturing creates wealth, December 12th, 2011
Land represents unchanging wealth. True tangible wealth comes from the land: timber, coal, gold, oil, copper ore and iron ore that is manufactured into steel and then formed into cars and refrigerators. And farming. American farmers can produce much of … Continue reading
Facts about Financial MELTdown, September 20th, 2011
Absence of individual and institutional accountability for illegal trading activity, along with congenital greed, accounts for the culture of corruption that pervades the financialization industry. Unless you’re a rogue trader or slip on your ego like Bernie Madoff, penalties are … Continue reading
Middle Class fACTs, September 6th, 2011
People are more important than profits. Families are more important than market share. UNEMPLOYMENT by state graphic http://www.guardian.co.uk/news/datablog/interactive/2011/sep/08/us-unemployment-obama-jobs-speech-state-map?INTCMP=SRCH “Nearly one in three Americans who grew up middle-class has slipped down the income ladder as an adult, according to a new … Continue reading
Facts about High unEmployment, July 13th, 2011
U.S. Payrolls Grow at Slowest Pace in Nine Months as Jobless Rate Climbs By Shobhana Chandra – Jul 8, 2011 4:32 PM ET www.bloomberg.com/news/2011-07-08/u-s-payrolls-rose-18-000-in-june-jobless-rate-climbed-to-9-2-.html The spoils have really gone to capital, to the shareholders, said David Rosenberg, chief economist at … Continue reading
People Need Good Jobs, June 3rd, 2011
In a previous post, this blog confirmed the fact that the economy was essentially going no where. The latest job growth figures confirm that April conclusion. Due to uncertainty, oil prices based based on speculation rather than demand, and health … Continue reading
How Did We Get Into This Mess, May 9th, 2011
No real mystery here, just fill in the blanks — greed, cupidity, avarice, no sense of community loyalty, quarterly profits, lack of strategic foresight, self-interest instead of the common good. People on food stamps Christianity failed in the fourth century … Continue reading
Economic Recovery – What Recovery?, April 29th, 2011
Is the nation headed for a McRecovery? By Annie Lowrey, Saturday, April 23, 5:05 PM McDonald’s named Tuesday “national hiring day.” As with everything McDonald’s, it’s all about scale. In one day, the chain hoped to add as many as … Continue reading
Ronald Reagan Tax Review, April 24th, 2011
Ronald Reagan Tax Review Democrats, oops, progressives, make me laugh. They entertain noble and politically correct notions of moral superiority with their attitudes toward social issues regarding gay rights, illegal immigration (is it a red and white striped ambulatory device … Continue reading
Oil Prices means speculators, April 15th, 2011
U.S. demand for oil and refined products — including gasoline — is down sharply from last year, so much that United States has actually become a net exporter of gasoline, unable to consume all that it makes Continue reading
European Economics – Russia – Germany – France – Italy, March 26th, 2011
We are not safe doing business in Russia Employees are in constant danger of being harassed, arrested and killed, writes William Browder. By William Browder 7:21AM GMT 14 Feb 2011 Today, Sergei Lavrov, the Russian foreign minister, arrives in London … Continue reading
Facts about Taxes, February 14th, 2011
Google, Amazon and Starbucks Face Questions on Tax http://abcnews.go.com/Business/wireStory/google-amazon-starbucks-face-questions-tax-17699523#.UKzE2eQ72uo Starbucks, Amazon and Google accused of being ‘immoral’ Amazon, Google and Starbucks were yesterday accused of being “immoral”, “manipulative” and of “practising tax avoidance on an industrial scale”. By Helia Ebrahimi, … Continue reading
Education Means Individual Achievement, December 1st, 2010
Quads celebrate UK first as all simultaneously graduate with Masters degrees from same university Fabulous foursome! (Left to right) Tolu, Toks, Temi and Tobi have walked away with degrees and City jobs www.dailymail.co.uk/news/article-2088527/Quads-celebrate-UK-simultaneously-graduate-Masters-degrees-university.html Neighborhoods, like the lives of people, can … Continue reading
Unfair Competition equals Free Trade, November 27th, 2010
All I Want in Life is an Unfair Advantage Hank Greenberg CEO AIG Tax breaks. Donated land. Free education for the workforce. Free roads and sewers. Sound like government intervention? Sound like Socialism? No, it’s normal interaction between state and … Continue reading
Job Scams, October 31st, 2010
Job scams proliferate by offering easy pay Those desperate to make money fall for swindlers’ schemes Sunday, October 31, 2010 03:00 AM By Stuart Pfeifer LOS ANGELES TIMES LOS ANGELES — A weak labor market is hurting the U.S. recovery, … Continue reading
Jobs Jobs Jobs, October 25th, 2010
Jobs are tight. Unemployment is scary, yet people cope. Many men and women in middle age have become too old to rehire; younger workers with children and aspirations are too young to retire. The unemployed place their hopes in a … Continue reading
Kevin Phillips Predicts Future, October 14th, 2010
Back in the early 1990s, Kevin Phillips examined the angst of the middle class in his work Boiling Point. Phillips described the decline of the middle class which began during the Reagan and George Bush administrations. From the February 1, … Continue reading