While the Nasdaq has nearly reached its all-time highs in nominal terms, when adjusted for inflation, the index has actually fallen in real value by 33.1% from its peak on 3/10/2000. See Part I here.
National Sunshine Week
It’s National Sunshine Week, a time dedicated to fighting for government transparency. Open government advocate Adam Andrzejewski writes in the Washington Times that increased transparency should start with the federal pension system. Imagine if you could review your congressman’s pension, including amount contributed, years to break even and total payout to life expectancy. Or what if […]
Pensions Underfunded
Chances are your state and local pension systems are underfunded. Pension shortfalls have become a common theme across the country and public-sector employees are pushing back hard. The Wall Street Journal explains that even with record setting returns in the markets, pensions systems are still unable to cope with the shortfalls created by the recession. Look no further […]
VIDEO: Larry Bird’s 60 Points
What was so great about watching Larry Bird was you actually felt like every shot he took had a chance of going in. Boston.com’s Chad Finn writes: Roaming the basketball court during his heyday, Larry Bird was a genius, an artist, a purist, and perfectionist, an ingenious passer, deadeye shooter, savvy rebounder and sly defender. […]
The Forgotten Depression
You can get a glimpse into a beautiful economy by looking back to the early 1920s. James Grant, founder of Grant’s Interest Rate Observer, has written a book called The Forgotten Depression. In it he describes how an economic crash in 1921 cured itself mainly because the government did nothing. Sound advice indeed. Listen to […]
ATF Pulls Back on M855 Ban, For Now
After a veritable furor poured forth from second amendment supporters around the nation, the ATF has backed off its proposed ban on M855 “green tip” ammo, at least for now. The ATF statement said: Thank you for your interest in ATF’s proposed framework for determining whether certain projectiles are “primarily intended for sporting purposes” within […]
Do This and Earn An Extra Half a Million Dollars
If you want to retire with an extra half a million dollars or more then consider moving to another state. Art Laffer has done the research for you:
A Libertarian Awakening
Last week I received my autographed copy of The Libertarian Mind by David Boaz, Executive Vice President at the Cato Institute. He discusses his book with Radio America’s Economy of One with Gary Rathbun:
Senior Leadership
In Rhode Island politics, corruption is nothing new, so when former Speaker of the Rhode Island House of Representatives Gordon Fox pled guilty this week to federal corruption charges, it wasn’t a complete shock. And earlier this year when House Deputy Majority Whip Joseph Almeida was arrested for similar charges of misappropriating campaign funds, it was no […]
Gordon Fox Pleads Guilty
Former Rhode Island House Speaker Gordon Fox pleaded guilty Tuesday for taking bribes, wire fraud and filing a false tax return. He accepted $52,500 in bribes to help a bar and restaurant get a liquor license and illegally diverted $108,000 in campaign funds to pay for personal expenses.
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