The fundamental point about income inequality is that all income groups have made solid economic gains over the past few decades, and nothing in a recent piece responding to my post on income inquality, indicates otherwise. In the opening paragraph, Mr. Mitchell states that questioning why income inequality matters if all income levels are gaining is “a […]
Such a deal! How would you like to be able to fill up at $2.80 a gallon? Gasoline prices like that are available but there’s one catch…they’re in Mexico. But 1200 WOAI’s Michael Board says plenty of south Texans are ducking to avoid the bullets from the gang wars, to gas up at prices which […]
Even the baseline scenario in places like Las Vegas and Miami is grim, where Case Shiller projects a 21% decline in home prices from 2010 to 2012. But in one scenario it could be worse. 6.7 million delinquent mortgages are waiting to flood the market around the country — and with near-zero cure rates most […]
Both political parties have failed to come up with any credible plan to solve this crisis, writes Jeremy Warner. If you want to scare yourself with statistics, go to www.usdebtclock.org. This brilliantly conceived internet graphic engenders much the same feeling you get when watching the extortion of the meter in a London taxi; at some […]
CHICAGO (CBS) – At one time, $5 per gallon gas seemed like a farfetched idea, but that is no longer the case. As CBS 2’s Roseanne Tellez reports, as of Monday, the average price for a gallon of regular unleaded gasoline in the Chicago area is $4.11, compared with $3.71 a month ago, and about $3.10 […]
The US is going down a similar road as that taken by Greece and Portugal with regard to its budget decisions, John E. Silvia, chief economist at Wells Fargo, said on Wednesday. “To me—being in Europe for a few days—the plot in Greece and Portugal sounds an awful lot like the same plot that’s going […]
Gold prices surged last week to a new all time high of $1,463.70 per ounce, while silver prices soared to a new 31-year high of $39.785 per ounce. Silver is now up 129% since NIA declared silver the best investment for the next decade on December 11th, 2009, at $17.40 per ounce. The gold/silver ratio […]
–Majority on at least one program; collections by illegals higher than legals A day after a “civil justice” group asked why Florida needed new immigration laws, a Washington think tank offered a dollars-and-cents answer. The Center for Immigration Studies on Tuesday reported that U.S. immigrants — legal and illegal — use welfare programs at a […]
A battle continues to rage in Washington over the 2011 federal budget, and a long-term war on how to cut the $14.3 trillion dollar deficit is about to begin. But as political opponents spar over spending, the United States military is waging a real war in Afghanistan, helping to stabilize Iraq, conducting operations across the […]
(CNSNews.com) – House Budget Chairman Congressman Paul Ryan (R-Wis.) said President Barack Obama’s budget strategy is to “do nothing, punt, duck, kick the can down the road” while the debt remains on track to eventually hit 800 percent of GDP. Ryan added that the CBO is saying it “can’t conceive of any way” that the […]
