Forty-five years ago, in 1971, I traveled to London on behalf of the institutional research and trading firm where I was then associated. My firm was one of the primary players in the South African gold shares market. My task was to write a position paper for our firm that would lead to a regularly […]
Archives for February 2016
Strangling Free People
What is going on in today’s politics is the general decline of America’s faith in its institutions, writes Peggy Noonan in the WSJ. “We feel less respect for almost all of them—the church, the professions, the presidency, the Supreme Court. The only formal national institution that continues to score high in terms of public respect […]
Trouble Reaching the IRS? Blame Obamacare
IRS Commissioner John Koskinen told a House Appropriations Committee panel yesterday that the IRS couldn’t properly fund taxpayer services because it needed money Congress had allocated for that purpose to instead fund its newly mandated Obamacare workload. Rudy Takala noted in The Washington Examiner that: More than eight million phone calls to the agency’s customer service line […]
Rubio’s Foreign Policy Whopper
The American Conservative’s Daniel Larison brings readers Marco Rubio’s tale of fiction. Says Rubio: “No one on that stage has more experience or has shown better judgment or has shown a better understanding of national security threats than I have.” Daniel then brings this Rubio masterpiece to the table, advising readers “More so than any […]
Hillary’s Stupefyingly Bad Answer
In 2014, Hillary complained that when the Clintons left the White House, they were “dead-broke.” Fortunately, Hillary and her husband have dug themselves out of poverty’s hole through their $153 million in speaking fees, $675,000 of which came from three closed-door speeches she gave in 2013 to top Goldman Sachs execs. The Washington Post reports: […]
Surprising Progress made in the Fight for Tax Reform
Here’s some pro-growth tax reform that businesses can work with. The Tax Foundation has identified America’s best tax reformers of 2015 and honored them with the foundation’s Outstanding Achievement in State Tax Reform. This year’s honorees are: This year, we honor ten individuals from five states with our award for Outstanding Achievement in State Tax Reform […]
Trumped in New Hampshire
When asked why so many members of New Hampshire’s Republican power structure were unable to recognize the extent of Trump’s support, Lou Gargiulo, Donald Trump’s chairman for Rockingham County, responded: I think like most establishment Republicans, they thought if they kept promoting the narrative that Trump was a passing fancy and he would collapse, it […]
What Does New Hampshire Tell Us?
New Hampshire has not clouded or brightened the picture as we move on toward South Carolina. Trump continues to embarrass the Republican field. And Mr. Trump is going to gain momentum in S.C. John Kasich worked hard in New Hampshire and not unexpectedly put up some decent numbers, but is most unlikely to continue into […]
The Democratic Socialist vs the Party Icon
Socialism. Really? A self-described “democratic socialist” from Vermont is breathing down the neck of the Democratic Party’s icon? Do Bernie Sanders’ supporters, many of whom are under the age of 30, even know what socialism means? And why would they be willing to “sacrifice economic growth and prosperity in exchange for a bunch of bureaucratic […]
A Race to the Bottom
What does the former president and CEO of the Federal Reserve Bank of St. Louis and senior fellow at the Cato Institute think about the negative interest rate policy by the Bank of Japan and the European Central Bank? “It won’t work,” writes William Poole in the WSJ. Negative central-bank interest rates will not create […]
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