by Tom aka Rusty Rustbelt Detroit Update Today Former Mayor Kwame Kilpatrick was convicted in federal court of 24 felony courts of racketeering, extortion, mail fraud, bribery and tax evasion. His chief henchman contractor Bobby Ferguson was convicted of 9 counts of racketeering and bribery.Kilpatrick’s father was convicted of one count of tax evasion but the […]
President Obama won a second term in the White House in part by “dividing the country,” former Florida governor Jeb Bush (R) said in an interview that aired on Sunday morning. “I think the basic part of his campaign was that those that were successful weren’t paying their fair share, even though we have incredibly […]
By Jeff McCord, The Investor Advocate Take Lincoln’s Approach to Hold “Untouchable” Fraudsters Accountable Within recent months, two media events captured the attention of many Americans: the premier of the Spielberg movie “Lincoln” showcasing the 19th century federal government’s ability to end our nation’s crime against humanity; and, the airing of the PBS Frontline series […]
Update: Application, clarification of “New world Order”. I have put this update at the beginning of the post for I believe it is an aspect of my post on the Trans Pacific Partnership (TPP) that should not be dismissed by myself nor by a reader of the post. Now that I have had the day […]
Catherine Rampell writes a good analysis with caveats on why we seem to have . Best to read the original as I could not figure out a way to nuance a summary. Lots of comments to fill out the why I believe : In an article on Thursday’s front page, I wrote about how long […]
US Household wealth regains pre-recession peak! crows this story. Steve Roth‘s chart to 2010 from Asynptosis demonstrates the drop in net worth for most of us. pgl at Econospeak adds perspective: So Whose Wealth Is At a Record High? This news story must be good news for some folks: According to the Federal Reserve, household wealth […]
Richard Eskow points us to a trend with liberals media types and Social Security: A President Who’ll Cut Social Security — And Liberals Who Love Him Too Much The spectacle of a supposedly liberal president repeatedly and needlessly trying to cut Social Security is enough to bring a reasonable, economically literate person to the point […]
By turning his efforts to the inside game, the president is momentarily turning away from the “campaign style” tours around the country, which he had hoped would help put pressure on Washington lawmakers. Some might suggest the switch renders a final verdict on the folly of pursuing that kind of outside game. It doesn’t. Campaigning […]
This was one of the better employment reports of this cycle. Private payroll employment grew 246,00while government employment fell about 10,000 for a net gian of of 236,000. The household survey also showed a nice gain of 170,000. On a year over year change basis both series are showing nice gains. You would never […]