Earlier today, a man named Joe Stack crashed his plane into an IRS building out of frustration with the federal government. In a long letter which he posted, full of misspellings and grammatical errors, he makes an interesting point: I remember reading about the stock market crash before the “great” depression and how there were [...]
Filed under: Economics, News, Philosophy, Politics | Leave a Comment »
The news is full of stories about auto dealerships closing and filing for bankruptcy, such as this one on Bloomberg: General Motors Corp. said it may lose as many as 500 dealers in its home market this year, an increase from 350 last year, as the largest U.S. automaker works toward a goal of cutting [...]
Filed under: Economics, News, Politics | Tagged: auto dealerships, car sales, economy | Leave a Comment »
MSNBC reports: “In reality, however, the companies were merely vehicles for Hsu’s Ponzi scheme, in which money owed as returns to older investors was paid with money received from newer investors, and Hsu never invested the money in the manner he represented to his victims,” prosecutors alleged. Sounds like Social Security. When are Congress and [...]
Filed under: News, Politics | Leave a Comment »
When it comes to teaching your children about money, personal finance specialists will tell you it’s important to give your child enough of an allowance to let them make mistakes they can learn from. It’s important to let them blow their whole allowance on a toy so that they are completely broke until they get [...]
Filed under: Economics, News, Politics | 2 Comments »
The Associated Press reports: Declaring a new direction in energy policy, the House on Saturday approved $16 billion in taxes on oil companies, while providing billions of dollars in tax breaks and incentives for renewable energy and conservation efforts. You can be pretty sure the economic incidence of these taxes will not fall on the [...]
Filed under: Economics, News, Politics | 2 Comments »
Express health clinics opening inside retailers such as Wal-mart have given people an alternative to expensive and time-consuming visits to a doctor’s office. So it was only a matter of time before the special-interest groups mobilized to do what they do best – use the government to hurt their competitors. Newsweek reports: Critics complain that [...]
Filed under: News, Politics | 5 Comments »
Cho Seung-Hui killed 32 people including himself this week. He explained in his ‘manifesto’ that “You have vandalized my heart, raped my soul and torched my conscience. You thought it was one pathetic boy’s life you were extinguishing. Thanks to you, I die like Jesus Christ, to inspire generations of the weak and the defenseless [...]
Filed under: News, Philosophy, Politics | Leave a Comment »
