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September’s unemployment figures were not only disappointing — they were grim. For the 21st straight month, Americans lost jobs. Fifteen million are out of work — 5 million for more than six months.
But as the Washington Times asserts, “America’s jobless crisis is much worse [...]
Filed under: Economics, Immigration, Politics
Freddy, fears about what Congress might do to the money supply if the Fed is audited are understandable but misplaced. Contra Bartlett, you’re more likely to get Zimbabwe-style hyperinflation under the Fed than with Congress dictating the money supply — politicians, for all they are in bed with Wall Street, are still more vulnerable to [...]
Down at the Chinese outlet store in Albany known as Wal-Mart, Chinese tires have so successfully undercut U.S.-made tires that the Cooper Tire factory in that south Georgia town had to shut down.
Twenty-one hundred Georgians lost their jobs.
The tale of Cooper Tire and what it portends is told in last week’s Washington Post by Peter [...]
“Mr. Treehorn draws a lot of water in this town. You don’t draw s—, Lebowski.”
–The Sheriff of Malibu, TBL
Is this where the overthrow of dollar hegemony will be said to have begun in earnest, after much throat-clearing, with Red China throwing a BRIC through the window at the IMF? Less apocalyptically, in competing with US treasuries as a safe means of global exchange, Special Drawing [...]
Former U.N. Ambassador John Bolton, who is wired into the cabinet of “Bibi” Netanyahu, warns that if Iran’s nuclear program is not aborted by December, Israel will strike to obliterate it.
Defense Secretary Gates’ mission to Israel this week, says Bolton, to relay Obama’s red light, [...]
Online gambling has broken another glass ceiling. Are you a parent who chooses to stay at home to raise your kids? You can now get in on a poker game—and use your winnings to feed the kids.
The Poker Players Alliance is on Capitol Hill this week, lobbying for a regulatory scheme that online gamblers can [...]
After half a century of fighting encroachments upon freedom in America, journalist Garet Garrett published “The People’s Pottage.” A year later, in 1954, he died. “The People’s Pottage” opens thus:
“There are those who still think they are holding the pass against a revolution that may [...]
Filed under: Economics, Politics, Uncategorized
If you care about what you’re eating, you should see the new documentary Food Inc. Playing in major cities for the past few weeks, it’s a mostly even-handed examination of the industrialization and corporate domination of America’s food production. Between showing filthy chicken coops full of drugged birds that can barely move and cows packed in amongst [...]
In the wake of cap and trade passing the House last Friday, we’ve made the cover story for our August issue, “The Green-Industrial Complex,” available online. Brendan O’Neill reveals how “green” carbon legislation privileges big business at the expense of small businesses and nonprofits — and of course, the taxpayer. Here’s a taste:
Under the plan [...]
Filed under: Economics, Politics, environment
PALM SPRINGS, Calif. — In just a few weeks time, California hits the wall.
And Americans should take a good, long look at the fiscal and social wreck of the Golden Land, because California is at a place to which all of America is heading.
In May, when five fund-raising proposals were put on the ballot, Gov. [...]
Filed under: Economics, Immigration, Politics