Supposedly, the Fed is doing “all it can” to “get the economy moving.”
But because all political contrivances can do is move wealth around, rather than produce real wealth, any “good” done by the Federal Reserve must come from somewhere else.
Thus, the St. Louis Fed reports:
The average young family—which we define as a single- or multi-person family unit headed by someone under 40—has recovered only about one-third of the wealth it lost during the financial crisis and recession. Read more [...]
It is amazing how violently the Democrats shout about how the increase in the minimum wage law is the key to economic salvation. I'm not sure, even if we forget about increased unemployment and higher prices, how a $10.10 minimum wage is supposed to give us a vibrant economy.
Nevertheless, Democrat Representative George Miller of California insisted the Republicans are suffocating the economy by not passing this pay increase.
According to CNS News,
Rep. George Miller (D-Calif.) said Thursday Read more [...]
New Jersey had a government health care safety net that was designed to provide medical coverage for children who didn’t get coverage by other means. It was called FamilyCare Advantage.
According to Breitbart.com,
The plan, offered by Horizon Blue Cross Blue Shield of New Jersey, was designed for children whose parents make too much money to qualify for Medicaid and offered medical, dental, and vision coverage for just $144 a month. The program, which was the first of its kind in the nation, Read more [...]
Because everyone who gets an $11-million severance package hangs himself... after killing his family.
Dutch authorities are investigating the deaths of former ABN Amro Netherlands’ Chief Executive Officer Jan Peter Schmittmann, his wife and a daughter, whose bodies were discovered two days ago in their home after a possible murder-suicide.
“We are awaiting the outcome of an investigation of the bodies and on the basis of that information and other information we have gathered, Read more [...]
Posted in Banks
Tagged with: homicides
I asked last year, “Are we really committed to war against China over some disputed islands.” The latest answer from Yahoo News is “yes, we are.”
Tokyo has reportedly ordered its forces to destroy any North Korean ballistic missiles that pass through its airspace.
Hagel's announcement follows the deployment of a second early warning US radar to Japan, P-8 maritime surveillance aircraft and plans to bring unmanned Global Hawk drones to the country.
Although Hagel said the US ships were Read more [...]
This story was linked as the main headline from the Drudge Report last night, and it was a deserving pick. It enrages me.
At the prodding of business organizations, House Republicans quietly secured a recent change in President Barack Obama's health law to expand coverage choices, a striking, one-of-a-kind departure from dozens of high-decibel attempts to repeal or dismember it.
Democrats describe the change involving small-business coverage options as a straightforward improvement of the type Read more [...]
Apparently, feeding exclusively on taxes and whatever corrupt deals he makes in office is a matter of honor for President Barack Obama. Recently, we discovered (to the amazement of many of us) that the President can produce value in the free market for corporations. Predictably (and ludicrously) the President attacked those who benefited from his value in the free market.
Here’s the CNN Money’s account: “White House slams Samsung's Obama-Ortiz selfie.”
Samsung has gone one selfie too Read more [...]
Consider two groups of people, Group A and Group B. The people in Group A tend to major in engineering, math, and/or computer science. Those in Group B prefer careers in English, education, and psychology, and they usually stop in mid-career and drop out of the full-time workforce for a few years.
Who do you think will earn more during their working lifetime, Group A or Group B?
Duh, Group A.
Imagine a world where people who claimed to be intelligent and concerned with “social justice” Read more [...]
From the New York Post:
A federal grand jury is investigating NJ Governor Chris Christie’s involvement in the George Washington Bridge traffic scandal and heard hours of testimony Friday from Christie press secretary Mike Drewniak.
The US Attorney in New Jersey is taking the investigation extremely seriously, and recently increased the number of investigators on the case from three to 10, sources told the Post.
Drewniak’s lawyer, Anthony Iacullo, said the aide wasn’t a target of the investigation.
“We’re Read more [...]
From the Telegraph:
Thousands of Chinese Christians have mounted an extraordinary, round-the-clock defence of a church in a city known as the 'Jerusalem of the East' after Communist Party officials threatened to bulldoze their place of worship.
In an episode that underlines the fierce and long-standing friction between China's officially atheist Communist Party and its rapidly growing Christian congregation, Bible-carrying believers this week flocked to the Sanjiang church in Wenzhou hoping to Read more [...]
It seems that, even if the state laws are not the same, Ohio can still be as bad as Kansas with a little help from the courts.
From the Sandusky Register:
A Benedict Avenue resident contends Huron County deputies forced their way into his home Tuesday without a search warrant.
John Collins, who lives in one unit of a triplex home at 114 Benedict Ave., contends deputies got the wrong address when they executed the search warrant. The warrant was for the unit next to his, he said.
The deputies Read more [...]