The Bankruptcy of MF Global: So Much for Financial Regulation
After spending the entire weekend trying to sell his company, MF Global, Chairman Jon Corzine finally capitulated, and his board declared bankruptcy on...
Economic Commentary
North American Oil Development Is Reducing Demand for Foreign Oil
The September 15 report from the National Petroleum Council expressed surprise at how much has changed just since their “Hard Truths” report of...
Read more
On Halloween, Nat’l Debt Exceeds Gross Domestic Product
A little-noticed event occurred at approximately midnight on Monday, October 31, 2011: The national debt of the United States exceeded, for the first...
Read more
What Does “Distrust of Government” Really Mean?
The New York Times and CBS has come out with a new poll that shows Americans have a strong mistrust of government. Almost...
Read more
Consumers Don’t Drive the Economy, Producers Do
In Commerce Secretary John Bryson’s announcement that the nation’s Gross Domestic Product (GDP) grew at an annual rate of 2.5% last quarter, he...
Read more
How Hyperinflation Could Start in America
David Galland’s article for the Daily Reckoning painted a picture of imminent collapse of America’s monetary system, which was followed four days later...
Read more
Some Reasons Behind Income Inequality
In an effort to examine the Occupy Wall Street crowd’s complaint about income inequality, economist Mark Perry has concluded that people with higher...
Read more
What Is the Real Unemployment Rate?
A closer look at the Department of Labor’s employment report earlier this month reveals that the real unemployment number is different from the...
Read more
The New Recession: How Bad Will It Get?
The prediction by the Economic Cycle Research Institute (ECRI) that the United States is headed into another recession was greeted by a rise...
Read more
Washington, D.C. Surpasses San Jose as Wealthiest Metro Area
While high unemployment persists and the U.S. economy remains stubbornly flat, Washington, D.C. now hails as the nation’s wealthiest metropolitan area, according to...
Read more
Gallup: U.S. Unemployment Drops to 8.3% in October
With the announcement from Gallup that the unemployment rate had dropped precipitously in early October to 8.3 percent came the disclaimer that they...
Read more
ReShoring: American Manufacturing Jobs Come Home
The press release from the Boston Consulting Group signaled the beginning of the American renaissance in manufacturing as cost advantages of China are...
Read more
Recession Confirmed
On September 30, the Economic Cycle Research Institute announced that the U.S. economy officially entered a new recession. On the following Tuesday, October...
Read more
A Critique of Herman Cain’s 9-9-9 Tax Plan
Republican presidential hopeful Herman Cain’s popularity in numerous polls is increasing daily, and while the former CEO of Godfather’s Pizza may portray himself...
Read more
NY Times Explores Unemployment Benefits Discussion
As talk of another possible extension of unemployment benefits is making its way through Washington, the New York Times recently covered a story...
Read more