A new report of “economic freedom” around the world finds the US ranked 12th among 152 countries, tied with the United Kingdom, and lower than neighbor Canada or Australia. The index, published by the Cato Institute and Canada’s Fraser Institute, has been published since 1996. As recently as 2000, the US ranked 2nd in the […]
By Austin Hill: Participation in the US labor force is at an all-time low, consumption of taxpayer funded welfare services is at an all-time high, and the greatest level of “job creation” is in the part-time category. So what, naturally, would city, county and state lawmakers pursue in response to a new, entrepreneurial small business startup movement? […]
by Peak Crackers And so it starts …Keep in mind the US econ is built on 80% consumer consumption ..Remember Jr Bush words after 911..” Go shopping ” ZeroHedge What a better way to celebrate the rigged markets that are telegraphing a “durable” recovery, than with a Credit Suisse report showing, beyond a reasonable doubt, […]
WASHINGTON (AP) — A sense of belonging to the middle class occupies a cherished place in America. It conjures images of self-sufficient people with stable jobs and pleasant homes working toward prosperity. Yet nearly five years after the Great Recession supposedly ended, more people are coming to the painful realization that they’re no longer part […]
When Barack Obama was running for president in 2008, he promised to create 5 million green jobs during his term. He fell way short of his goal. In fact, it seemed like there were more green companies folding and laying off thousands of people than there were green companies hiring new employees. During his 2012 re-election campaign, Obama […]
While many experts were encouraged by the 4.1 percent economic growth reported for the third quarter, James Rickards, portfolio manager for the West Shore Real Asset Income Fund, wasn’t one of them. “There is good reason to believe that the economy is heading for another recession soon, rather than the more robust growth economists keep […]
During 2013, America continued to steadily march down a self-destructive path toward oblivion. As a society, our debt levels are completely and totally out of control. Our financial system has been transformed into the largest casino on the entire planet and our big banks are behaving even more recklessly than they did just before the […]
I’ve always wondered what would happen once private equity players decided enough was enough and foreign oligarchs finished their real estate money laundering transactions. Well, we might be about to find out. According to RealtyTrac, foreclosures for homes worth $5 million or more are up 61% this year despite the fact that overall foreclosures are […]
(CNSNews.com) – Federal, state and local governments hired a net additional 338,000 workers in November, equaling 41 percent of the total of 818,000 net additional jobs created in the United States during the month. At the same time, the unemployment rate for government workers fell from 4.4 percent in October to 3.2 percent in November. […]
A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall — right before the mid-term elections. The next round of cancellations and premium hikes is expected to hit employees, particularly of small businesses. While the administration has […]
