How The U.S. Will Become A 3rd World Country (Part 1)
The United States is increasingly similar to a 3rd world county in several ways and is accelerating towards 3rd world status. Economic data indicate a harsh reality that obviates mainstream poli…
http://bangordailynews.com/2011/09/16/business/it%E2%80%99s-official-n-
h-investor-buys-2-katahdin-region-paper-mills/
Returning workers will get their old wages, up to $21/hr, but new workers will get $11/hr for the first 4 years. Millinocket & EMil…
A profound change has come over America. Guts, gumption, and hard work don’t seem to pay off as they once did – or at least as they did in our national morality play. Instead, the game seems rigged in favor of people who are already rich and pow…
Many economists worry that making societies more equal through income redistribution or other means lowers economic growth. This “big tradeoff” between equality and efficiency, which is supported by comparisons of capitalist and socialist countri…
Nouriel Roubini isn’t all negative. He also offers, positive, constructive ideas on how to save the US.
In a paper called The Way Forward, which he published alongside Daniel Alpert, Westwood Capital; Robert Hockett, Professor of Law, Cornell Unive…
If we were all to become suddenly rich tomorrow, the government’s revenue problems are solved at the current tax rates, so no worries in that case. But I place long odds on that, so let’s move on to what’s actually happening.
It’s as if th…
China Daily
Excerpts:
Despite its status as the world’s largest source of FDI, the US’ direct investment in China keeps declining
China received a total of $48.03 billion in foreign direct investment (FDI) from January to May, an increase of 23.4 pe…
Judging by the September 2 jobs report, a double dip recession is closer than ever before and that’s bad news for everyone still looking for a job.
Even worse than the modest 68,000 jobs analysts expected to see, no new jobs at all were added to th…
Peter Schiff of Euro Pacific Capital is not too pleased with the Fed’s change of policy:
“Ultra-low interest rates are among the biggest impediments currently preventing genuine economic growth in the U.S. economy. By committing to keeping them near…
First of all, Social Security is already means tested by
1) Progressive taxation of benefits.
2) Progressive reduction in benefits per dollars payed in.
however, further means testing of the have lesses is a fairness topic other than the thoughts I wa…
