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Only Private Sector Stimulates Job Growth – Chriss Street

The main-stream media were shocked today when U.S. job growth continued at a very strong pace in November, despite the October government shutdown that ended on October 17th. Employers added 203,000 jobs and the reported unemployment rate fell from 7.3% to 7%, its lowest level since November 2008. Economists had predicted a rise of only […]

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Why China is Ending One Child Policy – Chriss Street

China just announced that after 34 years of restricting population growth through its one-child policy, the nation will now allow families to have two children if one of the parents is an only child. The policy “initially produced a population pyramid optimal to economic growth – that is, where the largest segments of the population […]

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Nobel Prize Winner Warns of Stock Market Risk – Chriss Street

With the Dow Jones stock index up 115% from March 2009 to an all-time and the number of bearish investors at the lowest point in 25 years, it should not be surprising that this years’ Nobel Prize winning economist, Robert Shiller, would warn over the weekend that greedy investors might be blowing themselves a dangerous […]

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Harry Reid Goes Nuclear On Minority Rights – Chriss Street

Majority Leader Harry Reid and President Barack Obama rallied 52 Democrats and independents to vote to weaken 224 years of protection of minority rights in the Senate by eliminating the filibuster. Now only 51 votes, rather than 60, are required for Senate approval of executive and judicial branch nominees. Complaining that Republican intransigence drove him to use the “Nuclear Option”, Reid argued, “There are currently 75 executive branch nominations ready to be confirmed by the Senate,” he said, “waiting an average of 140 days.” But Republican Senator Susan Collins responded, “I think the minority will rue the day that they broke the rules to change the rules.”