The promises in some variable annuities are too good to be true–a realization being made by the insurers that made them. You can learn more here: Variable annuities combine a 401(k)-like investment account with the equivalent of an insurance policy. They appeal to investors approaching retirement with a promise of guaranteed regular payouts that could […]
Bonjour! L’économie de l’offre
It would be nice if, after some champagne and caviar, visiting French President Hollande shared a point or two about supply-side economics with HRM Obama. The WSJ’s Review and Outlook point out here: The French president’s turnaround hasn’t come a quarter too soon. Mr. Hollande came to office in 2012 with promises that would make new […]
Happy Valentine’s Day with HoC!
Throw away the fifty remotes because there’s no need to figure out what to watch this Friday night. It’s Valentine’s Day with House of Cards, Season 2. HoC, in case you’ve been stuck in a snow bank, is the Washington, D.C. thriller with power couple Frank (Kevin Spacey) and Claire Underwood (Robin Wright). It’s like […]
This is Nuts! California’s Fortune 500
No it’s not a list of the 500 most valuable corporations in California. It’s a list of California’s 500 most valuable retired public employee pensions. They all exceed $180,000 a year. The highest one is paid to a Mr. Bruce V. Malkenhorst. He retired from the good city of Vernon, doing what I don’t know. […]
Long-Term Unemployed at All-Time High!
In a typical business cycle the long-term unemployed comprise 20-25% of all unemployed. “In recent months, that percentage has jumped to nearly 40% — an all-time record!” writes Cato’s Dan Mitchell. A strong economy is the salve for long-term unemployment. Big government is not. But both sides of the aisle are to blame. “Under both […]
Gina Raimondo’s Flip-Flop
Rhode Island Treasurer Gina Raimondo loaded up the state pension portfolio with hedge funds. Now that she’s running for Governor she sold the position in Daniel Loab’s Third Point LLC hedge fund. The WSJ explains here: So why the Raimondo heave-ho? The answer is union politics, specifically opposition by the American Federation of Teachers to […]
Terrorists Among U.S. Shooting the Lights Out
It took snipers 19 minutes to knock out 17 transformers last year at PG&E Corp.’s Metcalf, California transmission substation. The attack is “the most significant incident of domestic terrorism involving the grid that has ever occurred,” said form Federal Energy Regulatory Commission chairman Jon Wellinghoff. He, along with FERC officials, the FBI and experts from the […]
Alinsky Dream: O’Care Kills 2.3 Million Jobs
The Congressional Budget Office projects O’Care will cost 2.3 million people their job through 2021. And these are not burger-flipping part-timers—these are full-time workers. “CBO said the jobs figures largely represent Americans who will choose not to work rather than those who will lose their jobs or have their workweeks reduced because of the law,” […]
Vanguard GNMA’s 7% Spread
Last year the so called smart guys said bonds were dead. They must have forgotten that stocks don’t go up forever. In January the Dow dropped 5%, but Vanguard GNMA gained 2%–a spread or difference of 7%. Not a bad start to the year for Vanguard GNMA.
Porky Pig of a Farm Bill
My Cato friends Michael Tanner and Chris Edwards break-down the $956 billion Farm Bill for you. Don’t believe anything the media puts out saying this is a cut. Check-out the chart below. A 49% increase is not a cut. And while Republicans rant and rave about food stamps let’s not forget about the gigantic food […]
- « Previous Page
- 1
- …
- 268
- 269
- 270
- 271
- 272
- …
- 326
- Next Page »