So we have a new feature out today, "Looting the Pension Funds," that looks at the blame game being played with state and municipal fiscal crises and the hiring of ultra-expensive "alternative investments" like hedge funds as a key trend in an evolvi
It's just one quarter, and it's evident in just one index, and even when I cherry-pick this interesting number, prices aren't really falling very quickly. The PCE deflator fell at an annual rate of only 0.1 percent in the second quarter. But
Tempe leads the East Valley in crime, taxes and city costs, except for Mesa’s water and solid waste disposal charges. In those two cases Tempe places second in costs behind Mesa. Tempe has a serious crime rate that is considerably higher than the
While the commemoration of the 5 year anniversary of the start of the Great Financial Crisis is slowing but surely fading, another just as important anniversary is revealed when one goes back not 5 but 15 years into the past, specifically to Septembe
It has been five years since the Lehman Brothers bankruptcy. The aftermath is well known: the Too Big To Fail bailouts, the Too Big To Jail avoidance of guilt by culpable executives, the loss of millions of jobs, the loss of hard-earned life savings,
The Fed’s failure today to announce some sort of tapering of its QE program, despite the consensus of an overwhelming percentage of economists who expected action, once again reveals the degree to which mainstream analysts have overestimated.........
There is a reason why every fiat currency in the history of the world has eventually failed. At some point, those issuing fiat currencies always find themselves giving in to the temptation to wildly print more money. Sometimes, the motivation for d
“It’s an old-boy network. It’s very old-school thinking. It’s very, very conservative,” said Paul Saginaw, founder of Zingerman’s food companies in Michigan, which employes 600 people and unlike the NRA, supports better benefits for employees like he
A Census Bureau report released on Tuesday reveals that the typical American family now earns less than it did in 1989. In 1989, median household income was $51,681 (in current dollars). In 2012, median household income was $51,017.
As economic recovery continues to prove dismal if not illusory, American families are signing up for food stamps in record numbers, showing signs that poverty is increasing and the job market is far from recovering.
Despite these record tax revenues, the federal government still accumulated a $755 billion deficit in the first eleven months of fiscal 2013. Total federal spending through the first eleven months of the fiscal year was $3.228 trillion.
US stocks Monday followed global markets higher, rallying on Larry Summers’s withdrawal as a candidate to lead the US Federal Reserve.
Five minutes into trade, the Dow Jones Industrial Average jumped 148.37 (0.96 percent) to 15,524.43
On the eve of another fiscal showdown with congressional Republicans, President Obama is outright refusing to negotiate over an increase to the nation's debt limit, saying doing so would alter "the constitutional structure of this government entirely
It was, alas, one of those “good news/bad news” kind of week, in that my natural hostility and paranoid towards the monetary insanity of the Federal Reserve did not boil over in some pointless, screaming outburst of outrage.
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