By way of Crooks and Liars comes an article about our declining international tourism industry. This article is a personal account of stopping in the US as the author travels from London to New Zealand.The first paragraph is the econ specifics: The travel and tourist industry is one of the United State’s biggest money-makers, generating […]

Get this. The problem is that globalization is being threatened, all that good could be lost. The solution; Social Security. In the July/August issue of Foreign Affairs (published by the Council of Foreign Relations) is an article: A New Deal for Globalization by Kenneth F. Scheve is Professor of Political Science at Yale University. Matthew […]

This NY Times piece is making a comparison to yesteryears when those mansions in Newport, RI were built. It starts with Sanford I. Weil of Citigroup and how he compares to Andrew Carnegie. First, how does this period compare: Only twice before over the last century has 5 percent of the national income gone to […]