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Broke State Spends $75 Mil On Cars, Furniture

Broke State Spends $75 Mil On Cars, Furniture

As the nation's most populous state begs for a an exorbitant federal handout to bail it out of a self-inflicted financial crisis, public officials spent tens of millions of tax dollars on furniture, new vehicles and frivolous conferences at luxury resorts. 

Despite the budget crisis, California ...

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Reads: 615

Dem Powerbrokers to Ignore Voters, Choose Own Lt. Gov. Candidate

Dem Powerbrokers to Ignore Voters, Choose Own Lt. Gov. Candidate

Well, with the winner of the democratic Party nomination for Lt. Gov. stepping down, one might think that the Party would give heavy weight to the other candidates that faced Scott Lee Cohen in the Lt. Gov. primary. Of course, if one thought thatone would not be remembering that Illinois is ...

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Reads: 455

Resources Still The Place To Be, But Watch For Correction

Adrian Day, President of Adrian Day Asset Management, says that despite hitting yet new highs near the end of the year, there is much further to go for gold and gold stocks. In this excerpt from a recent article, Adrian reviews the resource markets and looks ahead, particularly to gold; ...

Read more: Resources Still The Place To Be, But Watch For Correction

Reads: 462

Ex-Moderate Sen. Kirsten Gillibrand (D-N.Y.) Embraces Communist Van Jones

Ex-Moderate Sen. Kirsten Gillibrand (D-N.Y.) Embraces Communist Van Jones

Big Government

Facing what could become a bruising primary battle, appointed U.S. Senator Kirsten Gillibrand (D-N.Y.) is embracing one of President Obama's best known communist appointees, former green jobs czar Van Jones.

The Hillreports Gillibrand will share the stage with Jones at a panel ...

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Reads: 461

The Race Against Government

The Race Against Government

I'm a professional economist, which means I can't just be happy when people try to help others. Instead, I feel compelled to analyze whether their altruistic actions are efficient or if they seem to be a waste of resources. In a recent flash of insight, I came up with a way to make charitable ...

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Reads: 543

Faded Glory America's Tragic Slide Toward Bankruptcy

Faded Glory America's Tragic Slide Toward Bankruptcy

Barack Obama could go down in history as the president who saved America from the fiscal recklessness of his predecessors.  Instead, he has embarked on a breathtaking spending binge that is  going through staggering sums of money the country does not have to fund an endless wish-list of social ...

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Reads: 580

AIG-GATE: THE WORLD’S GREATEST INSURANCE HEIST

AIG-GATE: THE WORLD’S GREATEST INSURANCE HEIST

Rumor has it that Timothy Geithner is on his way out as Treasury Secretary, due to his involvement in the AIG scandal that is now unraveling in hearings before the House Oversight and Reform Committee. Bob Chapman writes in The International Forecaster:

Each day brings more revelations of efforts ...

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Reads: 409

Why A Third Party Is Not The Answer

Why A Third Party Is Not The Answer

Some think that the problems with the Republican party can best be solved by striking out to create a third party. But the problems with the GOP are almost certain to be repeated in trying to create any third party. The two most basic elements a political party, structure and financing, help insure ...

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Reads: 511

Austrian Business Cycle Theory and Global Crisis

Austrian Business Cycle Theory and Global Crisis

Austrian business-cycle theory (ABCT) is capable of explaining the origin of the current global crisis. Therefore, ABCT provides Austrian economists with an advantageous position, compared to the other schools, in foreseeing this crisis. See, for example, Thornton (June 2004), Karlsson (November ...

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Reads: 1482

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