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Market Wins: CEO Says Air Travel Prices Going Down

falling prices Air travel prices to Europe from the U.S. will soon be $69 according to Norwegian Air CEO. It wasn’t too long ago that the media was warning us about how bad it is that cheap oil might cause airlines to start a price war with one another to win over customers. But that’s how the market works. Providers compete with one another for customers and outbid one another by lower prices and increasing quality. Sometimes, an industry stagnates because not much can change in terms of price or quality, Read more [...] Continue reading →

More Obama Economy News: Half of Americans Have No Savings

Broken piggy bank From CNBC: “Nearly half of Americans have no savings: Survey.” Short on savings? You're not alone. Twenty-eight percent of Americans have nothing in their savings accounts and another 21 percent don't even have a savings account, according to a new survey from GOBankingRates. The rate comparison website surveyed 5,000 people and found just 29 percent of them had $1,000 or more in savings account. The article produces another group that has a slightly more optimistic outlook, but even if Read more [...] Continue reading →

New World Order Recruits a Global Police Force

obamaThrone U.S. Attorney General Loretta Lynch announced at the United Nations on Wednesday that the Department of Justice would be working with several major metropolitan police forces, starting with New York, to create a globe-girdling police force targeting "violent extremism." Yee-haw. It's on like Donkey Kong. New York Mayor Bill de Blasio made it clear that his city has joined 25 other cities worldwide because the global police force will target "intolerance." "The Strong Cities network will Read more [...] Continue reading →

Fewer College Graduates “Strongly Agree” Their Education was Worth What They Paid

gallup According to a new Gallup poll, recent college graduates are showing another sign of the end of the tuition bubble. For now, nothing is likely to happen since a majority of students still agree that their college degree was worth the cost. But those who graduated since 2006 are far less likely to “strongly agree” that their education was worth it. Gallup tells us, Amid recent controversy over rising tuition and mounting student debt totals, half of college graduates in the U.S. Read more [...] Continue reading →

A "Recovery" in Which Baby Boomers are Borrowing from Their 401(k)s?

fiscal cliff_02 Baby boomers and others are suffering financial setbacks that cause them to take desperate action. Money Magazine at wants to warn you about the financial damage you do by taking a premature withdrawal from your retirement account: “Why Millions of Americans Are Raiding Their Retirement Savings.” So why are they? For a headline that promises an answer, the article is rather vague. It certainly can’t be the economy because we’re in the middle of a “recovery” right? So they Read more [...] Continue reading →

Homelessness Emergency: L.A. about to Spend $100 Million to Attract More Homeless

homeless shopping cart The city government’s response to what they describe as a homelessness emergency will only make their problems worse. With the state of the economy being what it is, I often think about strategies I should use if I were to become homeless. One important item on that mental checklist is to move to the Southern part of this country so I don’t have to deal with cold weather. So it doesn’t surprise me at all that L.A. gets a lot of homeless people. According to this news analysis of rapidly Read more [...] Continue reading →

Taxi Cabs Can’t Go Bankrupt Too Soon!

hailing taxi Taxi cabs and their governments are acting criminally toward people who are willing to offer rides in their cars for a low price. You have a car but you are “between jobs” and are not making enough income to meet your expenses. So what do you do? One thing you might try is offering your services on the internet to people who want and need your services. If you have a vehicle, one obvious service you can offer is a ride in your car. Another person might have unexpected car repairs that leave Read more [...] Continue reading →

More Propaganda for Working Shorter Hours with No Consequences

men at work Everyone wants to work shorter hours; the trick is to convince people that they won’t lose income. I saw this Guardian story being trumpeted over the internet this weekend: “Efficiency up, turnover down: Sweden experiments with six-hour working day.” A Swedish retirement home may seem an unlikely setting for an experiment about the future of work, but a small group of elderly-care nurses in Sweden have made radical changes to their daily lives in an effort to improve quality and efficiency. In Read more [...] Continue reading →

The Worst Economic News Is Not Greece or China

voltaire revere chains What is the worst economic news? It is the news of the political environment of the United States. Robert Larson writes in the Dallas Morning News, Newspapers and websites are filled with headlines about the latest economic crisis, whether it’s Greek sovereign debt, the Chinese stock market or the price of oil. These are all important stories. People want to know what’s going in their world. But just as the weather forecast is more newsworthy than a scientific study of the slowly changing Read more [...] Continue reading →

It Costs $3 for Every $1 that the Government Benefits Someone

burning money Government benefits are basically an inefficient and overpriced way for society to make government do the charity we all should do. How much do government benefits cost? According to one economist, they cost three times the benefits bestowed on the recipients. The Washington Free Beacon reports this under an incredibly positive headline, “Federal Debt Held by the Public Totals $107,000 Per Household.” I say it is positive because a friend of mind did some counting and says that, if you account Read more [...] Continue reading →

Labor Participation Lowest Since Carter Administration

soviet laborer This Labor Day marked three months of a 38-year record low labor participation rate. CNS News reports, “Record 94,031,000 Americans Not in Labor Force; Participation Rate Stuck at 38-Year Low for 3rd Straight Month.” A record 94,031,000 Americans were not in the American labor force last month -- 261,000 more than July -- and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the Read more [...] Continue reading →

Recession Hits Next Door

fiscal cliff_02 Canada is now officially acknowledged to be in recession. From AFP we read: “Canada officially enters recession.” Reeling from low oil prices, Canada fell into a recession in the first half of the year, government data confirmed Tuesday, putting Conservative Prime Minister Stephen Harper on the defensive in the run-up to October elections. According to Statistics Canada, the economy contracted 0.5 percent in the second quarter after retreating 0.8 percent in the previous three months. It Read more [...] Continue reading →