The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

A Fresh Hot Cup of Poverty!

Forget all those scientific studies about the health effects of coffee. What about the economic impact? As a registered investment advisor, Steve Orr is used to juggling millions, but he knows those millions started out as pennies. “It’s the little things,” said Orr, president and owner of the Orr Financial Group. “It’s the dollar here, […]

EU President Van Rompuy Continues Playing Whack-A-Mole, When Whack-A-Budget Is Needed

by Smitty (h/t Memorandum via Google Reader) Reuters reports: European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning, reflecting concern that the crisis could spread to Italy, the region’s third largest economy. European Central Bank President Jean-Claude Trichet will attend […]

Cthulhu 2012

“Why settle for the lesser evil?” Sarah Palin on the current evil in Washington: It’s a matter of public record that I did not go to Harvard Law School, but I can add. The same “experts” who got us into this mess are now telling us that the only way out of our debt crisis […]

Democrats to America: ‘Sucks to Be You!’

“Did you get an 8% salary increase this year? I don’t think I know anyone who did. Then again, I don’t know anyone who works for President Obama. They have it really good, even better than they had it last year . . .”

French Plan for Greek Crisis Won’t Work

The stock market surged last week after France announced a plan for French banks to roll over some maturing Greek bonds, thus helping avert default. But now credit rating agencies have had a chance to read the fine print on that plan and aren’t liking what they see: Greece risks being judged in default on its debt […]

Labor Unions Kill Jobs. Period.

Sean Higgins of Investors Business Daily reports: The business world is abuzz over the National Labor Relations Board’s complaint vs. Boeing’s new South Carolina production line. For NLRB critics, the case boils down to one thing: “right-to-work” laws. Right-to-work states have generally lower unemployment, higher job growth, lower taxes and better business climates. They have […]

Greeks Riot as Parliament Approves Budget Cuts to Avoid Debt Default

Financial markets breathed a sigh of relief Wednesday after the Greek parliament approved an austerity plan needed to avert default on the nation’s debt: The Dow Jones Industrial Average rose 72.73 points, or 0.60%, to 12261.42, capping the blue-chip measure’s biggest three-day gain since March. . . . Stocks have swung up and down for […]

VIDEO: Hey, the Economy Sucks

In this Bloomberg TV interview, Mark Vitner, senior economist at Wells Fargo Securities, doesn’t really have any good news and says he expects housing prices to decline another 7% in the next year: By the way, I’m not a big fan of using “consumer confidence” as an economic indicator, as if mere mood were a […]

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