They've accomplished nothing with their lives, except for politicking. I mean I don't believe in conspiracy theories, but these people are characters at once so trivial and misdirected it makes you want to believe it's a cosmic joke of some kind.
Last week, Lew Rockwell posted my essay "In the Summer of 2009" with the title: Smart, Rich People Are Leaving the US. As usual, I received a number of responses both positive and negative.
Across the gulf, residents already shell-shocked by the tar balls, oil soup and dead sea life washing up on their beaches are getting hit with a second wave: the sudden collapse of their livelihoods, and the equally intimidating challenge of...
Why is Dollar-Cost Averaging a losing proposition? Rob Bennet knows: convoluted strategies will not turn a bad value proposition good. Dollar-Cost Averaging is a trick. Today, he explains why.
It's almost like a Joe Kennedy environment. He made all of his money during the Great Depression. If you have money, you can make a lot of money. And if you don't, it's going to be so much more expensive to be poor in this country.
So we have record foreclosures and bankruptcies while banks keep making billion dollar profits. The raid on the middle class is like pirates taking the loot in broad daylight.
Video by Wall Street Journal. Even Mitt Romney’s childhood home, where his parents lived from 1941 to 1953 is a blight on the community and being torn down. And his father was both chairman of AMC and Governor of the state at one time.
When you have the New York Governor warning of chaos in a matter of days, and California already experiencing pretty big protests over cuts, it's easy to understand the logic behind extending the power of the Federal printing press to this problem.
Let me understand better what you’re saying. If that is true that it is coming up form that seabed, even the relief well won’t be the final solution to cap this thing. That means that we’ve got oil gushing up at disparate places along the ocean floor
It is threatening to kill cities and towns who live in harmony with the Gulf — fishing towns, tourist towns, all kinds of towns. And the oil still flows. 4% . . . 6.5% . . . 20% . . . 25% . . . 32% of the US waters in the Gulf, now closed to fishing.
In Texas, 14 months into an alleged recovery (with 14 straight months of declining tax collections along the way), Texas is just now "break even" on tax collections in aggregate, with its largest cities still sporting huge declines...
Her third proposal, however, was a shocker, taking dead aim at one of the most sacrosanct tenets of American politics: the lofty goal of homeownership.
Prevailing attitudes are the logical and inevitable result of financial firms, taking an increasingly predatory posture toward their customers. Borrowers are responding in kind, by taking a cold-blooded and legalistic look at their agreements with...
Cash-poor New York state might have to pay its bills with IOUs next week to avoid the "anarchy in the streets" that could result from a government shutdown, Governor David Paterson said.
Although concrete figures are not available, anecdotal evidence suggests Hispanics, both legal residents and illegal immigrants, are starting to flee.
If history is any predictor, does the ECRI Leading Indicator index anticipate a comparable collapse in the economy to what was seen in late 2008?
Appearing on the Alex Jones Show on June 10, 2010, paster Lindsey Williams reveals the real threat posed by the leak. The Obama administration and BP are doing everything they can to hide the ominous truth. You must share this video...
It now appears the inventory adjustment is over. Further growth in inventories will depend on increases in underlying demand. This is part of the 2nd half slowdown forecast.
These states look forward to a diminished workforce. What jobs there are may involve taking care of the elderly. Needless to say, state GDP will suffer.
Are you ready for interesting times and an exodus from the United States? A possibly apocryphal ancient Chinese curse goes "May you live in interesting times."
He’s concerned about the prospect of inflation, of FHA repeating the mistakes of Fannie and Freddie, and the cost to business from the new healthcare law. “We’re on our way to Greece, in the hands of a confused, foolish government,” Wynn says. “It’s
Anderson Cooper has been on top of this disaster for weeks, and he does a good job covering the story. Here he interviews an expert in the area of flow rates. The bottom line from the expert is that we have been lied to from day one.
Analysts at Bank of America/Merrill Lynch are out with a new, thorough report on BP and the effect of the Deepwater Horizon disaster. There's a lot in this that we'll keep mining through, but we thought we'd present what the firm sees...
U.S. May retail sales fell 1.2% vs. an expected 0.2%. Ex-automotive sales, retail sales still fell, down 1.1% vs. an expected 0.1% rise.
All of the spending on unnecessary wars adds up. The U.S. is adding trillions to its debt burden to finance its multiple wars in Iraq, Afghanistan, Yemen, etc. Public sector spending - and mainly defense spending - has accounted for virtually all o
"What BP drilled into was what we call a 'migration channel,' a deep fault on which hydrocarbons generated in the depth of our planet migrate to the crust and are accumulated in rocks, something like Ghawar in Saudi Arabia."
Obama administration's efforts to pull the US out of recession haven't succeeded, according to Taleb. "It's not that they make mistakes, it's that they almost get nothing right." Moreover, a second major stimulus package may be futile...
Very Worried About 2011 - Jim Rogers sees currency turmoil, a global economic slowdown, worse / 10 Benefits of Expatriation - What are we waiting for? / Laughably Underpriced - The Mogambo Guru on silver / Saved by His Gun
Roubini: The Volcker Rule goes in the right direction, but in my view, the model of the financial supermarket where within one institution you have commercial banking, investment banking, underwriting of securities, market-making and dealing, proprie
Put away all of your charts: here’s the new symbol for the economic downturn that’s set to begin. After the weakness of the economy and the coming TaxAgeddon on January 1, 2011, is it much of a surprise?