by Henry Oliner | Jul 30, 2011 | Politics
As a result of the depressed economy the difference in income between whites and minorities have widened. While the most shrill will find this to be clear testament to the inherent racism in the GOP, the reality is that both Republicans and Democrats want and need a...
by Henry Oliner | Jul 28, 2011 | Economics
In the 1970’s the delinking of the dollar from gold under Nixon ushered in a decade of inflation. The wealthy and other investors sought refuge in tangible assets and foreign currencies. Tangible assets had the advantage of not generating 1099 and W-2 income that...
by Henry Oliner | Jul 28, 2011 | Uncategorized
Exxon Mobil’s first quarter profit was $10.3 billion. Of that $2.6 billion was earned on U.S. operations. Exxon Mobil paid $3.1 billion in taxes; $500 million more than they earned on domestic business. Profit per gallon runs between 6 and 7 cents per gallon. Average...
by Henry Oliner | Jul 27, 2011 | Financial
George Soros is closing his hedge fund to outside investors because of the new financial regulations. He will be returning investor’s money. Excerpt from Soros to close Quantum fund to outsiders by Dan McCrum: Quantum, which will continue to manage about...
by Henry Oliner | Jul 26, 2011 | Politics
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries...
