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Union Mad at a Boy Scout Project?
In what has to be the ultimate in entitlement think, a union official in Allentown, Pennsylvania is considering filing a lawsuit against the city for allowing a Boy Scout to do volunteer work on city...
created by Hugh Askew | 3 years ago | updated 3 years ago
472 views | 40 recommendations | 4 comments
472 views | 40 recommendations | 4 comments
Perception on recovery is false
The perception that a recovery through financial stimuli creates a multiplying effect for growth, from which the government easily can exit, is false.The common idea that almost everyone believes is that government... Earn a Bunch of Money Become a Banker
Stocks are going up, to be hit hard when people realize that the recovery is a fraud. When will that happen? This is not known. But another big wave of foreclosures could set this off."The Second Wave Begins." is... Where are the consumers?
If the consumer credit party is over, is it possible for businesses to grow, and prosper? Not now, when consumers stop consuming, the economy stop growing.If consumers don't borrow, the consumer economy won't... 305 views | 66 recommendations | 8 comments
Awards for Rewards
Rewards are given in recognition of service effort or achievement as a fair return for good or bad behaviour.When Barack Obama the Nobel Peace Prize was awarded I participated in a discussion to analyze other... 226 views | 33 recommendations | 13 comments
Recovery?
Stocks bounce. Bonds bounce. An economy that bounces following the Japanese experience, with a long, slow on-again/off-again period of depression to expecting some quarters of growth, followed by quarters of... 362 views | 29 recommendations | 6 comments
The Advantage of Gold
The unemployment rate in the US rose to 10.2% in October, which was its highest rate since April 1983, according to figures from the US Labor Department. It rose from September's figure of 9.8%. The economy lost... 800 Microsoft Layoffs, Including Don Dodge
Microsoft has announced 800 more layoffs, on top of the layoffs already announced earlier this year. Among those layed off is Don Dodge, Microsoft's Director of Business Development for the Emerging Business Team. Don Dodge is publicly presenting a very positive attitude... GDP Fraud
The government released GDP figures showing rosy 3.5% growth in the third quarter. But don’t be fooled: the books were cooked. This time by the cash for clunkers boondoggle, the first time homebuyers tax credit,... China on Course Catching Japanese Disease
Hugh Askew wrote me a message with a request to write something sensible to the story published in the Financial Time from yesterday. “China is heading for a Japan-style bubble”“If China continues to... 391 views | 23 recommendations | 12 comments
Roubini's Bad News Explained
Roy C. sent me the following message: “Roubini's bad news. Could you translate some of the harder stuff into something comprehensible?”Lets try to make it better understandable:The United States is up to its... Economies Will Change:
Rebalancing the world’s economies won't happen overnight, that will take far more time.A Headline in The New York Times says: "Americans stop buying; trade deficit declines" "For the first eight months of the... Remember when Bush was talking Private Option to Social Security?
Here's what the media didn't tell you: the Galveston Plan: Back in 1980 the employees of Galveston County voted to opt out of Social Security for a private plan. Two other counties joined in just before Congress... What will the US Dollar do?
Ben Bernanke the chairman of the Fed, said in a speech at the National Economists Club in Washington, in November 2002:“Like gold, U.S. dollars have value only to the extent that they are strictly limited in... Deficit and National Bankruptcy
Roy C. wrote me this message: “Last night on FOX News, Dick Morris said that if the interest rates go up to 6%, something more normal, the cost of servicing the debt will rise to an amount equivalent to all the... 
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