Alternative investments or hedge funds line the pockets of the well connected, not the public sector retirees that invest in them. Politicians like alt investments because they connect them with the monied class. I like the idea of investing public sector pension money in risk free Treasuries. But the Federal Reserve’s zero percent interest rate […]
Archives for March 2014
Personal and Banking Safety in Monaco
If you have accumulated some wealth, after a long lifetime of hard work, you are no doubt interested in securing your financial future. I have long found it prudent to broadly diversify financial and real estate assets. A year or so ago, Debbie and I traveled to Switzerland in the hope—small though it was—of being […]
VIDEO: Rep. Gowdy’s Defense of the ENFORCE the Law Act
Twenty Thousand Russian Troops Are in Crimea
Here Al Jazeera America updates the standoff in the Ukraine. Ukrainian Prime Minister Arseniy Yatsenyuk confronted Russia at the U.N. Security Council in New York on Thursday, and the U.S. sought to drive a diplomatic wedge between Moscow and Beijing on the issue of Russia’s military incursion into Ukraine’s Crimea region. The Security Council meeting […]
Just Don’t Get Sick before 2017
You want an exemption? You’ve got an exemption. According to the WSJ, the shifting legal benchmarks of O’Care—the “law of the land”—offer an exemption to anyone who could conceivably want one. If, as Obama’s lawyers argued before the Supreme Court, the individual mandate is vital to making Obamacare work, does Obama’s suspending the mandate mean […]
Moneyball is Back
One of the great books on investing is not about investing in stocks. It’s about investing in baseball players. The now well-known strategy discussed in Michael Lewis’ Moneyball tells how A’s GM Billy Beane created an edge by using statistics overlooked by other managers. The league has since caught up to Beane but there may […]
Russian Oligarchs: Name the Names, Freeze the Accounts
It is time for America, along with France, Germany and England, to get serious on putting the screws to Vladimir Putin by freezing the assets of the Russian oligarchs. There are a number of points in this Charles Krauthammer post I would take exception to, but I also like Charles’s suggestion of weaning Europeans off […]
Putin: Russia “Regrettably” Drawn into the Events in Ukraine
Here in The Washington Times, we learn that Vladimir Putin regrets having to intervene in Ukraine. In Berlin, German Chancellor Angela Merkel told parliament that the European Union and other Western nations would freeze Russians’ bank accounts and implement travel restrictions. “If Russia continues on its course of the past weeks, that will not only be a great catastrophe […]
Hit the Russian Oligarchs with the Magnitsky Act
Here The Wall Street Journal editors describe possibilities for punishing Russia for its invasion of Ukraine without firing a shot. Any counterpunch by the West needs to hit close to Mr. Putin with financial sanctions. Mr. Obama could expand the number of Russians covered by the 2012 Magnitsky Act, which bans human-rights abusers from traveling […]
Lies, Lies, Lies of Obamacare
Read here a true-life story of how one 61-year-old woman was forced into an Obamacare-compliant health plan to the tune of over $12,000 a year—more than double what she was paying pre-O’Care. She is not eligible for subsidies, and, at 61, she has no need for maternity care, newborn care, or pediatric services, all of […]
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