The Stupidest Government Program Ever

They’re supposed to provide a boost to the economy, but the government’s stimulus programs are having the opposite effect. The Fed’s own statement, released yesterday, said, “Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit.” In other words, despite losing your job […]

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Al Gore may become world’s first carbon billionaire

Former US Vice President Al Gore could become the world’s first carbon billionaire following his investments in green energy companies after anticipating the need to reinvent the way the world produces and consumes energy. Gore’s venture capital company has been investing to develop energy-saving technologies, which could make electricity grids more efficient. Last year, they […]

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$1.00 Homes and No Buyers!

STEVE RHODES The housing market is so bad you can’t even give away homes these days. Officials in suburban Barrington put three homes up for a sale at just a dollar a piece – a dollar! – and didn’t get a single bidder. A dollar! Let’s review: For less than the price of a CTA […]

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U.S. Home Price Rebound Already in ‘Bubble Territory’

Robert Shiller The gains in U.S. home prices in recent months may not be sustainable and increases in some areas of the country appear to be in “bubble territory,” an economist known for his property market expertise said on Tuesday. Robert Shiller, an economics professor at Yale University and co-developer of Standard and Poor’s S&P/Case-Shiller […]

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Did Schwarzenegger drop 4-letter bomb?

Letter to Ammiano Did California Gov. Arnold Schwarzenegger’s use a coded veto message to send the f-bomb to Tom Ammiano, soon after the San Francisco assemblyman made news by telling the governor to “kiss my gay ass”? A straight reading of Schwarzenegger letter laments “the fact that major issues are overlooked while many unnecessary bills […]

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