Companies and investors hardly need more bureaucrats looking over their shoulders trying to guess what they are doing right or wrong. They need room to maneuver so they can adjust or change their strategies as quickly as possible whenever there
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The job numbers reported for December were down -85,000; a very disappointing result. It seems layoffs are slowing down but no new hiring is coming on line. I would like to take this opportunity to review my opinion on this
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May is a high risk month to have a baby in Michigan and Uganda. Why? Ramadan. Some parts of Michigan and parts of Uganda have a large Muslim population that fasts during the Muslim holy month of Ramadan which runs
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While banks are returning TARP money, some having taken it under duress, Fannie Mae continues to lose money and receive more bailout. In return for such dismal performance executives are getting pay raises and bonuses. It is a growing contention
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Sometimes optimism and contrarianism can complement each other. Here is a thought. The health care bill is so unpopular and causing such outrage that other damaging proposals like the Union Card Check bill and Cap and Trade may have no
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There are those who see our financial problem as a moral failure. In one sense it is, but not in the sense those who wish to frame it in moral tones believe. To blame greed for the meltdown is simplistic
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“Present day capitalism is sometimes attacked for being nothing but a “casino economy”. But I know of no casino where the head of the central bank and the finance minister accompany customers to the roulette table, kindly offering to cover
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This has become one of my favorite features on one of my favorite sites. Randall Hoven’s Graph of the Day at American Thinker Hoven notes: In ther last decade we have LOST 1,489,000 jobs in the private sector (non farm)
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Beverly Gunn writes writes in American Thinker “Fighting the Beltway Mentality.” Excerpt: “This was demonstrated as each person we met immediately gave us their job title, followed by the title of whatever their (significant other) did for a living. It was clear
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During the 1970’s the sudden and enormous wealth of the Arab World as a result of the oil cartel OPEC, made everyone think they would rule the world. Raising oil prices as a result of the US aid to Israel
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In the American Metal Market magazine Commercial Metals Company’s (CMC) metal fabrication division noted a drop in earnings to a $’17.3 million LOSS in the most recent fiscal quarter (three months ending Nov 30) from a profit of $66.6 million
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1. blaming economic crises on “greed” is like blaming plane crashes on gravity.- Thomas Sowell 2. “crony capitalism” is to capitalism what National Socialism (Nazism) is to socialism- hko 3. ‘Those who hammer their guns into plows will plow for
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Ludwig von Mises “They have all sold their souls to the devil of easy money. It’s a great comfort to every administration to be able to make its citizens happy by spending. For public opinion will then attribute the spending
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The quasi-governmental institutions Fannie Mae and Freddie Mac guaranteed mortgages, which Wall Street happily securitized once the credit rating agencies- which had been given a legally protected oligopoly by the government-declared them to be safe investments. Government owned banks and
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a comment on my article at American Thinker : Then there is the “expert” assumption of academic economists who are fond of saying things like “assume a perfect economy.” A joke written in reply to this conceited habit a tale
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In several past postings reviewing the recent financial meltdown, I have noted the pivotal role played by Fannie Mae. A toxic mix of arrogance and incompetence infected Wall Street. Bad political, monetary, and tax policy inflated the housing market bubble.
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My first article published at American Thinker– The iron law of bubbles excerpts: But this same infatuation with talent can be attached to more than money; it can be attached to power. With capitalism struggling to recover from yet another
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French researcher Bertran Auvert discovered a way to dramatically reduce the risk of AIDS infection in heterosexual males after trials in South Africa. The results were confirmed in studies in Kenya and Uganda. For reasons not clearly understood circumcision reduced
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From Randall Hoven at American Thinker Graph of the Day December 24,2009
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