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Austrian Economics: Understand Economics, Understand the World
The Century of the Self: The Untold History of Controlling the Masses Through the Manipulation of Unconscious Desires
The Disappearing Male: From Virility to Sterility

The Obama Deception: The Mask Comes Off
Operation Gladio: The Hidden History of U.S. Sponsored False Flag Terrorism in EuropeThe New American Century: The Untold History of The Project for the New American Century
Category: Economy - Browse by Category - News - Analysis - Highlights - Multimedia - Latest Comments Page 3 Saturday September 5th, 2015

Tuesday June 2nd, 2015
Abercrombie Must Allow Hijabs posted 06/02/2015, 5:13 AM (The Daily Beast)
[Category: Economy]
The Supreme Court on Monday found that Abercrombie & Fitch is liable for discriminating against a young Muslim woman who wears a religious headscarf, reversing a lower court ruling.... (more)
Next up, Hooters! - Chris

Wednesday May 27th, 2015

No, Tax Breaks are not Subsidies posted 05/27/2015, 4:24 PM (Mises Institute)
[Category: Economy]
There’s a popular misconception that giving tax breaks to industries is the same as subsidizing them. Sadly, like many economic myths, this one just won’t die.

The video game industry offers a recent example. Critics have been arguing for years that US game developers are given unfair advantages and “subsidies” through a range of state and federal tax breaks that lower the cost of game design and artificially prop up production.
... (more)

Tuesday May 26th, 2015

Criminals Use IRS Website to Steal Data On 104,000 People posted 05/26/2015, 6:16 PM (CNN)
[Category: Economy]
A "sophisticated" organized crime syndicate used the IRS website to steal tax forms full of personal financial information on 104,000 taxpayers, the agency said Tuesday.

Until the IRS discovered this latest data leak, its website provided a service called "Get Transcript." It's an easy way to download several years of tax forms for tasks like applying for a mortgage, or college financial aid.

An unnamed cybermafia used this app to download forms full of personal
... (more)

Venezuela: World's Highest Inflation Rate posted 05/26/2015, 6:15 PM (Cato @ Liberty)
[Category: Economy]
Venezuela's bolivar is collapsing. And as night follows day, Venezuela's annual implied inflation rate is soaring. Last week, the annual inflation rate broke through the 500% level. It now stands at 510%.

When infl
... (more)

Court Order Forbids 'Poor Pirate' To Use BitTorrent posted 05/26/2015, 6:15 PM (TorrentFreak)
[Category: Economy]
A federal court in Oregon has signed off on a highly peculiar judgment against a Dallas Buyers Club pirate. Citing "financial hardship," the woman doesn't have to pay the $7,500 in costs and fees as long as she promises not to download any infringing material in the future, and removes any and all BitTorrent clients.... (more)

Sunday May 24th, 2015

Why Do We Celebrate Rising Home Prices? posted 05/24/2015, 11:33 PM (Mises Institute)
[Category: Economy]
The Fed and the government have gone to great lengths to prop up home prices. But it seems a bit odd to try to increase the cost of a basic necessity like housing. Why not do the same with food and clothing?... (more)

Friday May 22nd, 2015

George Soros Warns "No Exaggeration" That China-US On "Threshold Of World War 3" posted 05/22/2015, 4:53 PM (ZeroHedge)
[Category: Economy]
While admitting that reaching agreement between the two countries will be difficult to achieve, George Soros - speaking at The World Bank's Bretton Woods conference this week - warned that unless the U.S. makes 'major concessions' and allows China's currency to join the IMF's basket of currencies, "there is a real danger China will align itself with Russia politically and militarily, and then the threat of world war becomes real."... (more)

Wednesday May 20th, 2015

Uber Faces Potentially Devastating Court Ruling posted 05/20/2015, 4:08 PM (Mises Institute)
[Category: Economy]
Uber, Lyft, and similar rideshare companies represent a direct threat to state-controlled taxi cartels and their (increasingly unsellable) medallions. Now a class action lawsuit against Uber has been cleared for a federal court jury in California, alleging that its drivers should be classified as employees rather than independent contractors. If so, Uber potentially could owe mi... (more)

Tuesday May 19th, 2015

The Forgotten Depression posted 05/19/2015, 2:45 PM (Llewellyn H. Rockwell, Jr.)
[Category: Economy]
As the financial crisis of 2008 took shape, the policy recommendations were not slow in coming: why, economic stability and American prosperity demand fiscal and monetary stimulus to jump-start the sick economy back to life. And so we got fiscal stimulus, as well as a program of monetary expansion without precedent in US history.

David Stockman recently noted that we have in effect had fifteen solid years of stimulus -- not just the high-profile programs like the $700 billion TARP
... (more)

Supreme Court: Two states can't tax the same income posted 05/19/2015, 2:44 PM (USA Today)
[Category: Economy]
WASHINGTON — The Supreme Court came down against double taxation Monday in a case that could cost some states and cities millions of dollars.

The justices sided with taxpayers over governments in a case that tested Maryland's income tax system, which does not grant a full credit to residents who also pay income taxes in states where they work.
... (more)

Monday May 18th, 2015

Once A Sure Bet, Taxi Medallions Becoming Unsellable posted 05/18/2015, 2:21 PM (USA Today)
[Category: Economy]
Until recently in America's big cities, purchasing a taxi medallion—the city-issued license to operate cabs —was about as sound of an investment as they come.

But with the rise of Uber and other ridesharing services, the value of taxi medallions are plummeting, leading cabbies and fleet owners throughout the USA worried that their industry will be decimated if local and state government doesn't intervene.
... (more)

Thursday May 14th, 2015

What Peter Schiff Said To Ben Bernanke posted 05/14/2015, 2:27 PM (ZeroHedge)
[Category: Economy]
Last week, a photo of the oddest couple in finance, Peter Schiff and Ben Bernanke together "celebrating the economic recovery", promptly went viral.

As it turns out there was more to the story.

On his Friday podcast, Peter Schiff told the story of his encounter with Ben Bern
... (more)

Wednesday May 13th, 2015

Report: Cost of Federal Regulation Reached $1.88 Trillion in 2014 posted 05/13/2015, 11:25 AM (Free Beacon)
[Category: Economy]
The cost of federal regulation neared $2 trillion in 2014, according to a new report by the Competitive Enterprise Institute (CEI).

Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State, a report by Clyde Wayne Crews, CEI's vice president for policy, also reveals that the U.S. debt now exceeds the size of China's economy.

“Federal regulation and i
... (more)

Jeffrey Tucker Talks Bitcoin On Fox Business posted 05/13/2015, 11:25 AM (Fox Business)
[Category: Economy]

Tuesday May 12th, 2015

Feds Spend $471,770 Observing Pregnant Women Walking Around posted 05/12/2015, 10:08 AM (Free Beacon)
[Category: Economy]
The National Institutes of Health (NIH) is spending nearly half a million dollars for a study that will observe pregnant women as they walk.

The project, being conducted by Butler Hospital in Providence, R.I., is researching how a “gentle” workout regiment of light walking can help pregnant women not be depressed.
... (more)

Saturday May 9th, 2015

Americans Living Abroad Set Record for Giving Up Citizenship posted 05/09/2015, 8:18 PM (Bloomberg)
[Category: Economy]
More Americans living outside the U.S. gave up their citizenship in the first quarter of 2015 than ever before, according to data released Thursday by the IRS.

The 1,335 expatriations topped the previous record by 18 percent, according to data compiled by Bloomberg. Those Americans are driven to turn in their passports in part because of laws that have expanded bank reporting and tax compliance requirements for expatriates.

The increase in early 2015 follows an ann
... (more)

Friday May 8th, 2015

Seven Changes Needed in Baltimore and Ferguson Right Now posted 05/08/2015, 7:30 AM (Mises Institute)
[Category: Economy]
I am regularly asked what can be done to solve the problem of “urban blight” in places like Detroit. The question is usually asked with exhausted desperation and a shrug, as if there are no possible answers. The cause of this “blight” is the root of the problem, and when ignited by police brutality, sets off riots in cities like Ferguson and Baltimore. There are a whole range of answers that we know will work to at least improve the situation.

The root problem of urban blight is g
... (more)

Thursday May 7th, 2015

New Gold Backed Cryptocurrency Has Been Announced posted 05/07/2015, 7:43 AM (The Daily Sheeple)
[Category: Economy]
The most legitimate argument against Bitcoin, is the fact that it isn’t backed by anything tangible. While it does use math and cryptography to create scarcity, at the end of the day bitcoins are still just digits on a screen. In that regard, they’re aren’t that different from fiat currencies. Their value is dictated by confidence and belief, rather than real world value.

But that may be about to change. Not for bitcoin, but for digital currencies in general. The gold storage comp
... (more)

The High Cost of Centrally Planning the Global Climate posted 05/07/2015, 7:43 AM (Ryan McMaken)
[Category: Economy]
Since I'm not a person who follows the climate-change debate or climate science in detail, I don't get involved in discussions over temperature readings or climate trends. On the other hand, I find it's a very bad idea to leave the science of economics and political economy up to climate scientists and their friends in politics who tend to be woefully deficient in their knowledge of how economies work or how scarce goods and amenities can be preserved, obtained, or manufactured.

... (more)

Snapchat CEO On FB, Twitter, & The Tech Bubble posted 05/07/2015, 7:42 AM (Austrian Markets)
[Category: Economy]

Leaked emails from snapchat CEO Evan Spiegel explain the tech bubble. Have FB & Twitter peaked?

The Embarrassment of Transparency posted 05/07/2015, 7:40 AM (Peter Schiff)
[Category: Economy]
Over the past decade or so, "transparency" has become one of the buzzwords that has guided the Federal Reserve's culture. The word was meant to convey the belief that central banking was best done for all to see in the full light of day, not in the murky back rooms of Washington and New York. The Fed seems to be on a mission to prove that its operations are benevolent, fair, predictable, and equitable. Part of that transparency movement took shape in 2007 when the Fed began publicizing its Gross... (more)

Financial Warfare and the Declining Dollar posted 05/07/2015, 7:40 AM (Mises Institute)
[Category: Economy]
With the creation of the BRICS bank and now the Asian Infrastructure Investment Bank (AIIB), the major economies of the world are hoping to lay the foundation for a multi-polar financial world beyond the unilateral control of the United States. Due to the enormous size of the US economy, coupled with the reserve status of the US dollar, the United States government has long been able to achieve strategic and military goals through flexing its financial power. This power has long allowed the US g... (more)

Saturday May 2nd, 2015

California Assembly Moves Forward With Idiotic Plan To Make All Bitcoin Startups Apply For A License posted 05/02/2015, 8:52 AM (Techdirt)
[Category: Economy]
Back in March, we wrote about a really bad bill that had been proposed in California by Assemblymember Matt Dababneh, called AB 1326. As we noted, it would basically destroy the ability of new startups in the Bitcoin space to build their businesses in California. Specifically, it would require any startup in the bro... (more)

Marc Faber: Stocks Will Drop '30 to 40 Percent at Minimum' as Bubble Bursts posted 05/02/2015, 8:52 AM (Newsmax)
[Category: Economy]
With the S&P 500 index hovering less than 2 percent below its record high, many market participants are calling for a correction of about 10 percent. Marc Faber, editor of The Gloom, Boom & Doom Report, is calling for a little more than that.

"For the last two years, I've been thinking that U.S. stocks are due for a correction," he told CNBC. "But I always say a bubble is a bubble, and if there's no correction, the market will go up. And one day it will go down, big-time."
... (more)

Friday May 1st, 2015

George Soros May Face $7 Billion Tax Bill posted 05/01/2015, 9:16 AM (Bloomberg)
[Category: Economy]
George Soros likes to say the rich should pay more taxes. A substantial part of his wealth, though, comes from delaying them. While building a record as one of the world’s greatest investors, the 84-year-old billionaire used a loophole that allowed him to defer taxes on fees paid by clients and reinvest them in his fund, where they continued to grow tax-free. At the end of 2013, Soros—through Soros Fund Management—had amassed $13.3 billion through the use of deferrals, according to Irish regulat... (more)
Demands high taxes for us slaves, does everything possible to avoid paying them himself.

Thursday April 30th, 2015

Study: 21 Percent Of US Millennial Parents In Poverty posted 04/30/2015, 10:17 PM (CBS DC)
[Category: Economy]
More than one-in-five (21 percent) of U.S. Millennial parents is impoverished, with rates of poverty among young Americans expected to expand rapidly as this demographic faces declining wages, vast student debt and an increasing number becoming parents in the coming years.

Millennial parents face a particularly high exposure to poverty given that Millennials (young Americans between 18 and 34 years of age) face an unemployment rate that is over 40 percent higher than the national
... (more)

Venezuela Rations Electricity, Blames Climate Change posted 04/30/2015, 7:04 AM (Breitbart)
[Category: Economy]
The Venezuelan government will begin rationing electrical supplies this week in response to high demand triggered by heat. Public employees will only have to work six hours a day until further notice, and police units will be sent to inspect private businesses to ensure they only use their allotted amounts. Venezuelan Vice President Jorge Arreaza blamed the measures on climate change.... (more)

Monday April 27th, 2015

The "Living Wage" Mistake posted 04/27/2015, 5:41 PM (Mises Institute)
[Category: Economy]
Much of the push to raise minimum wages centers on the assumption that each individual worker should be paid an amount that allows the worker to purchase food, health care, transportation, and housing based on that one wage alone. In many cases, the living wage claims extend to the claim that each worker — or two adult workers, in some cases — should be able to support a family of four or more.... (more)

Friday April 24th, 2015

Tax Freedom Day, 2015 posted 04/24/2015, 3:25 PM (The Beacon)
[Category: Economy]
The Tax Foundation announces "Tax Freedom Day" every year to mark the date on which the average U.S. taxpayer has earned enough income to pay in full all federal, state and local taxes owed. The date this year is today, Friday, April 24, 2015.

"Tax Freedom Day" is determined by taking the ratio of the estimated total tax burden imposed by governments at all levels ($4.8 trillion) to national income. Tha
... (more)

PayPal Now Allows Its Merchants to Accept Bitcoin Payments posted 04/24/2015, 3:25 PM (CoinSpeaker)
[Category: Economy]
PayPal, an online payment processing company owned by eBay Inc., said merchants registered with it may now accept payments in bitcoin.

In a filing with the U.S. Securities and Exchange Commission (SEC), the company said its platform “supports growth with a variety of value-added services designed to help businesses of all sizes manage their cash flow, invoice clients, pay bills, and reduce the need for merchants to receive and store sensitive customer financial information.”
... (more)

Thursday April 23rd, 2015

The Bankster War on Cash; JPMorganChase Begins to Prohibit the Storage of Cash in Its Safety Deposit Boxes posted 04/23/2015, 4:30 PM (Economic Policy Journal)
[Category: Economy]
Letters are apparently going out to some JPMoragnChase customers announcing that cash will be prohibited from being stored in the bank’s safety deposit boxes.

At the Collectors Universe message board, a commenter reports:
My mother has a SDB at a Chase branch with one of my siblings as co-signers. Last week they got a letter outlining a number of changes to the lease agreement, includin... (more)

Fourth MSNBC Host, Touré Owes 60k In Back Taxes posted 04/23/2015, 4:28 PM (National Review Online)
[Category: Economy]
Touré Neblett, co-host of MSNBC’s The Cycle, owes more than $59,000 in taxes, according to public records reviewed by National Review.

In September 2013, New York issued a state tax warrant to Neblett and his wife, Rita Nakouzi, for $46,862.68. Six months later, the state issued an additional warrant to the couple for $12,849.87.
... (more)

Covered California Shows ObamaCare Is Failure and Deception, All the Way Down posted 04/23/2015, 4:28 PM (Breitbart)
[Category: Economy]
Among the many reasons to resist the government takeover of health care, or any other industry, is that the public promptly loses its ability to analyze or criticize the problems that remain. The government will lie relentlessly to cover up its failures, power-worshiping media will help bureaucrats get away with it, and the people can’t really do anything about systemic problems anyway.

Transparency and competition are among the first casualties when coercive force is introduced i
... (more)

Faber: The Biggest Bubble Is Belief In Central Bankers posted 04/23/2015, 4:28 PM (
[Category: Economy]

Wednesday April 22nd, 2015

New York Apartments, Art Top Gold as Stores of Wealth, Says Fink posted 04/22/2015, 2:28 PM (Bloomberg)
[Category: Economy]
Gold’s traditional role as a store of wealth has been usurped by contemporary art and apartments in cities such as New York and London, according to Laurence D. Fink, head of the world’s biggest asset manager.

“Historically gold was a great instrument for storing of wealth,” the chairman of BlackRock Inc. said at a conference in Singapore on Tuesday. “Gold has lost its luster and there’s other mechanisms in which you can store wealth that are inflation-adjusted.”

... (more)

Traders Think 'Flash Crash' Arrest Is A Joke posted 04/22/2015, 2:26 PM (Business Insider)
[Category: Economy]
Traders we spoke with think the arrest of a 36-year-old UK-based trader for his alleged involvement in the 2010 "Flash Crash" is a total joke.... (more)

Tuesday April 21st, 2015

The Unconventional Ideas Of Marc Faber posted 04/21/2015, 1:26 PM (Forbes)
[Category: Economy]

Just before the Songkran festival marking the Thai new year, I met 69-year-old Marc Faber in his museum-like home office in Chiang Mai, Thailand.

After a brief greeting, as I was about to walk around inside the architectural masterpiece filled with Communism and Maoist artifacts, Faber asked me to take off my shoes.

“We ARE in Thailand, after all,” he grinned.
... (more)

Monday April 20th, 2015

EPA and CA Drought: State Flushed Over 1.2M Acre-Feet Of Water Into SF Bay To Help 'Endangered' Fish posted 04/20/2015, 1:51 PM (CNS News)
[Category: Economy]
From CNS News:
Since California Democratic Governor Jerry Brown imposed water restrictions on the state’s residents on April 1, people have suddenly become interested in what government officials have described as “one of the most severe drou... (more)

California Prepares For Historic Mandatory Cutbacks On Water posted 04/20/2015, 1:51 PM (Yahoo News)
[Category: Economy]
Californians are going to have to start preparing for a dry summer as the dehydrated state prepares for a water crackdown.

In a somewhat controversial move, California water officials drafted a set of mandatory conservation regulations outlining varying degrees to which communities will be required to cut back on water use, ranging from 8 to 36 percent, depending on their history of
... (more)

The Tax Code Grows Bigger posted 04/20/2015, 1:46 PM (MyGovCost)
[Category: Economy]
Over the past decade, Wolters Kluwer, the publishers of the CCH Standard Federal Tax Reporter, a leading publication for tax professionals that summarizes the administrative guidance and judicial decisions issued under each section of the U.S. tax code, has created an infographic to convey just how many pages it takes to explain the nation’s tax code to tax professionals. ... (more)

The Other 4/20: Peeking Through The Smoke Of America's Pot Industry posted 04/20/2015, 1:45 PM (ZeroHedge)
[Category: Economy]
There’s still one area in the vice economy that’s seeing robust gains: marijuana sales.... (more)

Sunday April 19th, 2015

Family Wins Back Seized Gold Coins That Could Be Worth $80M posted 04/19/2015, 2:20 PM (Associated Press)
[Category: Economy]
PHILADELPHIA (AP) -- A family was awarded the rights to 10 rare gold coins possibly worth $80 million or more on Friday after a U.S. appeals court overturned a jury verdict.

U.S. Department of the Treasury officials insist the $20 Double Eagles were stolen from the U.S. Mint in Philadelphia before the 1933 series was melted down when the country went off the gold standard. They argued that Joan Langbord and her sons cannot lawfully own the coins, which she said she found in a fami
... (more)

Friday April 17th, 2015

There Is No Real Increase In Insured Under Obamacare posted 04/17/2015, 12:05 PM (The Beacon)
[Category: Economy]
Gallup has released the full results of its first-quarter survey of health insurance. It concludes that the proportion of uninsured Americans has collapsed to the lowest level ever: 11.9 percent.

Only the people who have employer-based benefits can be said to be paying for their o
... (more)

Fee to Be Charged for Video of South Carolina Shooting, Publicist Says posted 04/17/2015, 12:02 PM (The New York Times)
[Category: Economy]
NORTH CHARLESTON, S.C. — The video of a North Charleston police officer shooting an unarmed man in the back will now cost news outlets that want to run it $10,000, according to a publicist representing the man who shot it.

Cease-and-desist letters went out this week to news outlets around the world from Markson Sparks, a publicity and celebrity management company based in Sydney, Australia.

The video, taken April 4, showed a North Charleston police officer, Michael
... (more)

Thursday April 16th, 2015

Americans Will Spend More On Taxes In 2015 Than They Will On Housing, Food, and Clothes [Pic] posted 04/16/2015, 11:01 AM (r/Anarcho_Capitalism)
[Category: Economy]

Land of the free...

Wednesday April 15th, 2015

Self-Interest Is Not Selfishness posted 04/15/2015, 9:24 AM (Mises Institute)
[Category: Economy]
Market relationships are constantly criticized as selfish or greedy, with rewards to selfishness rendering them ethically damaging. As Friedrich Hayek put it, “the belief that individualism approves and encourages human selfishness is one of the main reasons why so many people dislike it.” However, that charge is false.

Markets do involve self-interested people jointly advancing their goals, often without even knowing one another, but pursuing one’s self-interest is not the same a
... (more)

Employers Do Not Systematically and Persistently Pay Women Less than Men for Equally Valuable Work posted 04/15/2015, 9:24 AM (The Beacon)
[Category: Economy]
The quality of economic journalism in the United States is terrible. Day after day, journalists write about the causes and consequences of economic conditions and events without understanding the underlying economics of the situation, and their articles are, as a rule, simply bunk.... (more)

Tuesday April 14th, 2015

The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives posted 04/14/2015, 10:55 AM (The Economic Collapse)
[Category: Economy]
The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment. When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States. During the last financial crisis, our politicians promised us that they would make sure that “too big to fail” would never be a problem again. Instead, as you will see below, those banks ha... (more)

Monday April 13th, 2015

FCC's Net Neutrality Rules Open Door To New Fee On Internet Service posted 04/13/2015, 9:41 AM (LA Times)
[Category: Economy]
Recently adopted net neutrality regulations soon could make your monthly Internet bill more complicated — and potentially more expensive.

Every month, consumers pay a small fee on their phone bills for a federal program that uses the money — a total of $8.8 billion raised nationwide last year — to provide affordable access to telecommunications services in rural areas, underserved inner cities and schools.

Now the fee could start appearing on broadband bills too, in
... (more)

Ben Bernanke's Latest Defense of the Fed's Failures posted 04/13/2015, 9:41 AM (Mises Institute)
[Category: Economy]
Fed officials have been busy lately spreading the view that incessantly low interest rates are symptomatic of a still-dim economic reality rather than a result of their own monetary experimentation. Indeed they are full of self-praise for not having been hasty to raise rates given the overwhelming evidence that the natural or neutral level is indeed very low. They even weep for the plight of the small saver.

But the tears are crocodile tears so long as the designers and implemente
... (more)

Friday April 10th, 2015

Bernanke's Courage To Print posted 04/10/2015, 7:19 AM (Austrian Markets)
[Category: Economy]

Ben Bernanke has a new book coming out and it turns out he saved the day after all.
Here's two other equally courageous political acts:

A. Calling 'Merica the "greatest country on earth."
B. Refusing to "apologize for Er'merica."

How Piketty Manufactured Rising Inequality in 6 Easy Steps posted 04/10/2015, 7:18 AM (The Freeman)
[Category: Economy]
Historian Phillip W. Magness is one of Thomas Piketty's most devastating critics. In his Freeman article "Picking Piketty Apart" (based on his research with fellow Freeman contributor Robert P. Murphy), Magness thoroughly refutes many of Piketty's core claims about the history of inequality in the United States.

His biggest criticism of th
... (more)

Thursday April 9th, 2015

The Costs of Hysteria: How Economists Are Misleading The Public On Climate-Change Policy posted 04/09/2015, 6:10 AM (The Freeman)
[Category: Economy]
Suppose the scientific consensus on climate change is right. Let’s also stipulate, for the sake of argument, that the computer projections used by the United Nations and the US government are correct, and that economists are able to translate those data into meaningful projections about costs and benefits to people living in the future with climate change.

Despite what the public has been led to believe, the situation is not a crisis at all — and certainly not something that deman
... (more)

The Fed Has No Intention To Raise Rates -- Marc Faber posted 04/09/2015, 6:06 AM (Kitco News)
[Category: Economy]

With the U.S. economic recovery being doubted by weaker economic data, and more and more market watchers expecting the Federal Reserve to make a move on rates at a later date, Kitco News speaks with Marc Faber, editor of the Gloom Boom & Doom Report, to find out what he has to say about it. "Given the dollar strength and that most recent economic statistics in the U.S. have been on the weak sid
... (more)

Wednesday April 8th, 2015

The Gender Wage Gap—A Myth that Just Won't Die posted 04/08/2015, 4:44 AM (The Beacon)
[Category: Economy]
This past year I was on the academic job market, applying for faculty positions at a variety of colleges and universities. As a woman making a critical career move, I've been up to my eyeballs in cover letters, resumes, statistics about cost of living, state income taxes, health insurance, and, of course, salary information.

Chances are you've heard the statistic on numerous occasions, "women earn 77 cents for every dollar a man earns--for exactly the same work." I certainly heard
... (more)

Tuesday April 7th, 2015

Venezuela Reaches the Final Stage of Socialism: No Toilet Paper posted 04/07/2015, 5:16 AM (Cato @ Liberty)
[Category: Economy]
In 1990 I went to a Cato Institute conference in what was then still the Soviet Union. We were told to bring our own toilet paper, which was in fact useful advice. Now, after only 16 years of Chavista rule, Venezuela has demonstrated that "Socialism of the 21st Century" is pretty much like socialism in the 20th century. Fusion reports: ... (more)

The Truth About Jobs In America (2015) posted 04/07/2015, 5:11 AM (Austrian Markets)
[Category: Economy]

This is a sick & completely backwards labor market. An in depth look at some data about the us labor force.

Wednesday April 1st, 2015

Does California Need Rain, Rationing, or Prices? posted 04/01/2015, 9:01 PM (The Freeman)
[Category: Economy]
California is in the midst of a crisis. Its gorgeous weather has turned against it as its fourth year of drought drags on. Looming water shortages are leading to calls for rationing and restrictions on water use. The state has one year of water left, and 35-year megadroughts ahead of it. The New York Times bleats, “Reservoirs are low. Landscapes are parched and blighted with field... (more)

Related: For First Time In History, California Governor Orders Mandatory Water Cuts Amid "Unprecedented, Dangerous Situation"

Access to Health Care Unchanged after Obamacare's First Year posted 04/01/2015, 8:59 PM (The Beacon)
[Category: Economy]
The Centers for Disease Control and Prevention (CDC) has released early estimates of health insurance and access to health care for January through September 2014. The National Health Insurance Survey (NHIS) is the most effective survey of health insurance, because it asks people three different but important questions: Are they uninsured at the time of the survey? Have they been uninsured for at least part of the year? Have they been... (more)

Our Current Illusion of Prosperity posted 04/01/2015, 8:59 PM (Mises Institute)
[Category: Economy]
President Obama and Fed Chair Janet Yellen have been crowing about improving economic conditions in the US. Unemployment is down to 5.5 percent and growth in 2014 hit 2.2 percent.

Journalists and economists point to this improvement as proof that quantitative easing was effective.

Pile on More Debt

Unfortunately, this latest boom is artificial and has been built by adding debt on top of debt. Total household debt increased 2.5 pe... (more)

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Shock Video: Man Dies in Jail Lobby After Encounter With Sheriff's Deputies - 09/04Texas Sheriff Says You Have To Obey the Police Because Their 'Authority Comes From God' - 09/04Cops Caught on Body Cam Saying "Turn it Off" Before Stomping on Handcuffed Man's Face - 09/04VIDEO: Entire Family Arrested, Child Taken by CPS, for Refusing Unlawful Search at Checkpoint - 09/03Family Fights Back After Government Tries To Confiscate Property Near Area 51 - 09/04Cop Lied About Being Shot At To Cover Up Car Crash – Town Locked Down, Massive Manhunt Ensues - 09/03Cocaine Production Plummets After DEA Kicked Out of Bolivia - 08/28Not 'Serious' and 'Ridiculous': Edward Snowden Unimpressed with Both Trump and Clinton - 09/04

Man Follows Speeding Cop, Finds Out He Was Speeding To Buy PeanutsMission Creeps: Homeland Security Agents Confiscate Women's Panties For 'Copyright Infringement'Cop Shoots Couple's Dog, Threatens Jail For Trying To Save Dog's LifeSWAT Team Shoots Teen Girl & Her Dog During Pot Raid On Wrong HomeDurham, NC Cop Testifies Faking 911 Calls To Enter Homes Is "Official Policy"Indiana Sheriff Says US A "War Zone" To Justify New MRAP Military VehicleTampa Cops Surveil Pot Dealer, Catch Him Selling Pot, Raid His Home & Kill Him"You Just Shot An Unarmed Man!": Witness Says Police Shot His Friend With His Hands UpCop Receives 'Silver Valor Award' For Shooting Man With Cell Phone He Mistook For GunAnonymous Cop Pens Bizarre Editorial Calling for 'End of Anonymity on the Internet,' Says All Internet Posters Should be Forced to Register with the Government for 'Public Safety'