Schiff: Will Walmart Shoppers Support "Every Day High Wages?"
Walmart touts "Everyday Low Prices," but we asked its customers to support 'Everyday High Wages" instead. We posed as representatives of "15 for 15," a make-believe organization advocating that Walmart raise prices by 15% and use the extra cash to pay its low-skilled workers $15 dollars per hour. Not surprisingly few shoppers supported our cause. Even those who felt W... (more)
|
|
They Bravely Chickened OutToday, Congress tried to show that it is capable of tackling our chronic and dangerous debt problems. Despite the great fanfare I believe they have accomplished almost nothing. Supporters say that the budget truce created by Republican Representative Paul Ryan and Democratic Senator Patty Murray will provide the economy with badly needed certainty. But I think the only surety this feeble and fictitious deal offers is that Washington will never make any real moves to change the trajectory of our ... (more)
|
|
Why Are Obamacare Exchange Policies So Bad?As millions of people began to lose their old medical insurance policies, President Obama and other Obamacare supporters replied that the new exchange policies were better. This was another lie.
Obamacare exchange medical insurance policies are much worse than previous private policies. They not only restrict access to hospitals and doctors more severely than ever before. They also pay doctors much less, in some cases 50 percent less.
In the past, private insurance ... (more)
|
|
Are We About to Face a Severe Doctor Shortage?"No, there won't be a doctor shortage," wrote Zeke Emanuel and Scott Gottlieb in the New York Times the other day.
Obamacare will weather that challenge just fine. How? Nurses and other paramedic personnel can substitute for physicians, and new technology is making remote monitoring of patients easier than ever before.
All that is true. ... (more)
|
|
New Bubbles, Short MemoriesNo other price pops during a boom like that of condominiums. The common view among savvy real estate types is condos are the last to jump and the first to crash. A decade ago, Bernanke’s post-Sept. 11 easy money fueled condo prices and in turn high-rise residential construction from coast to coast.
In downtown Miami, 22,200 condo units were built in the 2003-08 boom. Many sat empty as prices plunged 60%. Now, just five years after the crash, a new condo boom is underway in t... (more)
|
|
It's Official: The Top 40% of Income Earners Pay More Than 100% of Federal Income TaxesThe Congressional Budget Office has just published a study, The Distribution of Household Income and Federal Taxes, 2010, which shows that the top 40% of income earners paid 106.2% of total federal income taxes, while the bottom 40% paid -9.1%. This isn’t the study’s headline, so you have to dig a bit to get that information, but look at Table 3 on page 13 of the study to find that information.
The Table shows that the top 20% of income earners paid 92.9% of total ... (more)
|
|
37 Reasons Why "The Economic Recovery Of 2013" Is A Giant Lie"If you repeat a lie often enough, people will believe it." Sadly, that appears to be the approach that the Obama administration and the mainstream media are taking with the U.S. economy. They seem to believe that if they just keep telling the American people over and over that things are getting better, eventually the American people will believe that it is actually true. On Friday, it was announced that the unemployment rate had fallen to "7 percent", and the mainstream m... (more)
|
|
Bitcoin: Segway, Cigarette, or Gold Doubloon?The market has selected different things as money throughout history. Some of these items have served as money in isolated places for specific periods of time — for instance, cigarettes in prisoner-of-war camps. Cigarettes continue to be a currency in prisons if allowed, but if not, according to Wikipedia, “postage stamps have become a more common currency item, along with any inexpensive, popular item that has a round number price, such as 25 or 50 cents. Mylar foil packets of macke... (more)
|
|
Faber: 'We are in a massive speculative bubble'Leave it to uber-bear Marc Faber to bring bad news on Black Friday.
Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC on Friday he believes a “massive speculative bubble” has encroached on everything from stocks and bonds to bitcoin and farmland. He attributed the vast bubble to “symptoms of excess liquidity.”
Faber said the markets, which have reached record highs, could still rise before the bubble bursts, if stimulus ... (more)
|
|
Get Ready to Pay More Online: Supremes Refuse to Hear Internet Tax CaseIn another blow to the Constitution, the Supreme Court on Monday declined to hear a case by Amazon and Overstock.com challenging a law that requires online retailers to collect sales tax in states where they have no physical presence. The Supreme Court refusal to hear the case will allow state governments to tax online retailers and turn online retailers into de facto tax collection agencies.
The Court had previously held that under the Commerce Clause (Article I, Section 8, Clau... (more)
|
|
| 
