Why the Economic Recovery is Fraudulent and Doomed

Much has been made of the recent “economic recovery,” especially by Democrats touting the effectiveness of Obama’s policies, both here and abroad. But one pundit doesn’t see it that way, and his voice is vastly under-represented in this discussion: He [William White, the economic analyst who correctly predicted the Great Recession] deplores the rush to […]

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Hillary Clinton Accidentally Proves the Power of a Free Market

I think it is hilarious that the people most adamantly opposed to the free market are often enormously benefitted by its machinery. Think Hollywood. Or Hillary Clinton. A story surfaced recently that her speaking fee at colleges is higher than Mitt Romney’s. Much higher, in fact: Mitt Romney will charge Mississippi State University $50,000 to […]

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1700 Private Jets Descend on Switzerland for Global Warming Summit

What better way to show your fight against global warming and carbon footprints than jet-setting in your own fossil fuel burning private jet? Or 1,700 of them: A squadron of 1,700 private jets are rumbling into Davos, Switzerland, this week to discuss global warming and other issues as the annual World Economic Forum gets underway. […]

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The Majority of Current Congress Members are Millionaires

For the first time ever, the majority of Congress members are millionaires: Among the 534 current members of Congress, at least 268 had an average net worth of $1 million or more for 2012, the CRP said, citing disclosure forms filed last year. A year ago, the total stood at 257 members, or about 48%. The […]

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Turns Out Sugar Isn’t So Sweet

Added sugar in our diets might be doing more to us than just making us fat, according to a new study assessing the deleterious effects of sugar in our diets: “People are becoming literate about the toxic effects of sugar,” [Dean] Schillinger [a member of the SugarScience team that did the newest sugar study] said, […]

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Is the US Economy Really In a Full Recovery?

In another exercise in self-fulfilling prophecies, economists told the US economy that it was in full recovery, and the news jolted the stock market into another temporary jump: The US economy grew at a sizzling 5 percent annual rate last quarter, the fastest since 2003, fueled by consumer and business spending. The surge confirmed that […]

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Political Affiliation of the Best- and Worst-Run States

24/7 Wall Street just released its report on the best and worst-run states in the US. They determined this, as you would imagine, based mostly on economics. Their methodology, in a nutshell: To determine the best- and worst-run states, 24/7 Wall St. collected data in three major categories: financial position, economic outcomes, and social outcomes. […]

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We’re Number Two! China Overtakes US as World’s Largest Economy

We’re not number one anymore. The International Monetary Fund just released this year’s economic production numbers and China has officially overtaken the US as the world’s largest economy: The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will […]

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Total US Debt Over $18 Trillion

The total US debt has just jumped over the $18 trillion mark for the first time ever. With all of the other major problems we are facing as a country, this one might be the crow bar that finally shatters the camel’s back: It also means that total US debt to nominal GDP as of […]

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The Dwindling Power of OPEC

As if you hadn’t noticed, gas prices are plummeting. You may have wondered why this is the case. There is really one main reason, and it is shaking things up for OPEC. The US is producing far more oil than it ever has before: Opec nations are producing about 200,000 bpd more than their agreed […]

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