Dateline: April 3, 2012
Stockton, Calif., could become nation’s biggest municipal bankruptcy
Stockton, Calif. is quite at home on lists of dubious distinctions. — This Northern California city has been variously listed as the city with the second-highest home-foreclosure rate of a major U.S. metropolis, the second-highest violent crime rate in California, and two times the frontrunner of Forbesmagazine’s “America’s Most Miserable Cities.” — Now Stockton is hoping to avoid its next bleak title… (Read Full Story)
Stockton, Calif. is quite at home on lists of dubious distinctions. — This Northern California city has been variously listed as the city with the second-highest home-foreclosure rate of a major U.S. metropolis, the second-highest violent crime rate in California, and two times the frontrunner of Forbesmagazine’s “America’s Most Miserable Cities.” — Now Stockton is hoping to avoid its next bleak title… (Read Full Story)
ObamaCare Is Bending The Cost Curve Upward
Rising Costs: The president insisted — repeatedly — that his party’s health care overhaul would roll back spending. Skeptics, of course, knew better. But we wonder how many realized just how costly the reform would be. President Obama promised the Democrats’ health care … (Read Full Story)
Rising Costs: The president insisted — repeatedly — that his party’s health care overhaul would roll back spending. Skeptics, of course, knew better. But we wonder how many realized just how costly the reform would be. President Obama promised the Democrats’ health care … (Read Full Story)
Blame Obama, Not Oil Companies For High Prices
Energy Policy: That gas prices are edging ever closer to $4 a gallon is bad enough. But even worse is the fact that the public blames the wrong villains. No wonder President Obama… (Read Full Story)
Energy Policy: That gas prices are edging ever closer to $4 a gallon is bad enough. But even worse is the fact that the public blames the wrong villains. No wonder President Obama… (Read Full Story)
Life, Liberty & All That Jazz…
A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine
Most people think of a cashless society as something that is way off in the distant future. Unfortunately, that is simply not the case. The truth is that a cashless society is much closer than most people would ever dare to imagine. To a large degree, the transition to a cashless society is being done voluntarily. Today, only 7 percent of all transactions in the United States are done with cash… (Read Full Story)
Pensions Find Riskier Funds Fail to Pay Off
Searching for higher returns to bridge looming shortfalls, public workers’ pension funds across the country are increasingly turning to riskier investments in private equity, real estate and hedge funds. But while their fees have soared, their returns have not… (Read Full Story)
Searching for higher returns to bridge looming shortfalls, public workers’ pension funds across the country are increasingly turning to riskier investments in private equity, real estate and hedge funds. But while their fees have soared, their returns have not… (Read Full Story)
The Great Depression II, You Ain’t Seen Nothing Yet
Watching pompous politicians, egotistical economists, arrogant investment geniuses, clueless media pundits, and self- proclaimed experts on the Great Depression predict an economic recovery and a return to normalcy would be amusing if it wasn’t so pathetic. (Read Full Story)
Watching pompous politicians, egotistical economists, arrogant investment geniuses, clueless media pundits, and self- proclaimed experts on the Great Depression predict an economic recovery and a return to normalcy would be amusing if it wasn’t so pathetic. (Read Full Story)
Gold Bull Market Not Over, Depressed Stocks Primed to Take off
There is no indication on gold’s long-term chart that its bullmarket is over, it appears to be simply pausing to consolidate after its sharp rise last year. Why should its bullmarket be over when the only solution to the global debt problem is to buy time by creating more debt which makes the problems even worse? (Read Full Story)
There is no indication on gold’s long-term chart that its bullmarket is over, it appears to be simply pausing to consolidate after its sharp rise last year. Why should its bullmarket be over when the only solution to the global debt problem is to buy time by creating more debt which makes the problems even worse? (Read Full Story)
Just In Time: When the Trucks Stop, America Will Stop (With Immediate and Catastrophic Consequences)
Very few have considered the complexity involved in the underlying infrastructure that keeps goods, services and commerce flowing. Fewer still have ever spent the time to contemplate the fragility of these systems or the consequences on food, water, health care, the financial system, and the economy if they are interrupted. (Read Full Story)
Very few have considered the complexity involved in the underlying infrastructure that keeps goods, services and commerce flowing. Fewer still have ever spent the time to contemplate the fragility of these systems or the consequences on food, water, health care, the financial system, and the economy if they are interrupted. (Read Full Story)
AMT to Hit Record Number of Taxpayers This Year
The alternative minimum tax—better known by its dreaded acronym AMT—will trap more taxpayers in 2011 than at anytime in its 42 year history. (Read Full Story)
The alternative minimum tax—better known by its dreaded acronym AMT—will trap more taxpayers in 2011 than at anytime in its 42 year history. (Read Full Story)
