Richardcyoung.com

You Can’t Fix Stupid

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There’s a reason why businesses have migrated to the South. Lower taxes and right to work laws are the draw. But what may be most important is the attitude of self reliance. Self reliance is the antithesis of what union bosses are selling. They’ve ruined Detroit and will continue to bully in Tennessee. The VW […]

The Jobs Killer

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The $10.10 minimum wage offered up by HRM Obama will cost 500,000 jobs, give or take, according to the non-partisan CBO. The real toll is probably much higher since HRM continues to remove all incentives to work or get off the couch to look for work. Check out here what real reform looks like coming […]

Your Right to Work

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The UAW defeat is more proof that workers value their right to work and their hard earned wages. There is no longer a reason to pay dues for union heads to butt in on behalf of the workers. The relationship between employees and management is fine. If the bosses want to be productive they should […]

Heads I Win, Tails You Lose

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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

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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!

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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

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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!

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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

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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

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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 […]