I know my first job wasn’t an internship. I scooped ice cream at my first job. Working for minimum wage and waiting on the public is an education I’ll never forget. It wasn’t until I was at Babson College that I even considered an internship. The idea of working for free never crossed my mind. […]
“Don’t Do Stupid Stuff”
Wouldn’t we be in a better place if “Don’t Do Stupid Stuff” had been said by President George W. Bush? Not that President Obama has been right on Iraq/Afghanistan. “It’s true that Obama has never lived up to the cautious foreign policy maxim he’s coined: launching a destructive ‘dumb war’ in Libya, doubling down on […]
Win By Not Losing
If you have a dollar and lose $0.25 you’re left with $0.75. You’ve lost 25% of what you had, but to get back to $1.00, you’ll have to generate 33% of what you have now. To get it back you could go to work or you could hope the market helps you out. In real […]
Uber Works
How hard would it be for taxis to come up with their own response to Uber? Apparently pretty hard. L. Gordon Crovitz writes in The WSJ: Maybe going on strike wasn’t the best way for London taxi drivers to protest Uber, the Internet-based car service invading from Silicon Valley. When riders couldn’t get cabs last […]
The Fortunate 500
The GOP establishment got rocked this week when House Majority Leader Eric Cantor lost to Tea Party favorite David Brat. Many of the titans in the Fortunate 500 have government in their back pocket. David Brat is right to be against crony capitalism. And this is a problem countrywide as Cato’s David Boaz writes: Around […]
Bike Paths to Nowhere
Here’s another example of a politician calling for fiscal restraint and spending money like crazy. This time it’s Rep. Sean Patrick Maloney (D-NY). Cato’s Chris Edwards writes: Maloney has recently scored $1 million for airport funding, $1.86 million for hurricane clean-up, $130,000 for arts grants, $6.7 million for bike paths, $3.8 million to fix highways, […]
Hillary Clinton: What A Difference?
You may be disappointed with the title of Secretary of State Hillary Clinton’s memoir “Hard Choices.” A better one, that I can’t get out of my head, would be a picture of her on the cover and the quote, “What Difference, At This Point, Does It Really Make?” The about sums her up. It’s the […]
Once in a Lifetime Stress?
You need to check out this stress index. The Kansas City Financial Stress Index is a monthly measure of stress in the U.S. financial system based on 11 financial market variables—including the high-yield bond/Baa spread, volatility (VIX), and the correlation between returns on stocks and Treasury bonds. As you can see in the chart below […]
First for UAW Since 1967
Last week the UAW approved an increase in dues for the first time since 1967. The average worker will spend over 2 hours a month working to pay his dues. UAW leadership is misreading the tea leaves. The increase is on the heels of a decline in membership to less than 400,000 from a peak […]
Inside Look: VA Scandal
“This debacle continues to be run out in the news cycle…albeit taking a back seat to the Bergdahl debacle for now. Major systemic malfeasance took place in the VA and I imagine that this will continue to be a major issue going forward, to the chagrin of Bernie Sanders and Paul Krugman who have suggested […]
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