Richardcyoung.com

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 […]

Alinsky Dream: O’Care Kills 2.3 Million Jobs

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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

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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

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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 […]

Peyton Manning a Class Act

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The way Peyton Manning carried himself in defeat is yet another reason why he is a world class individual. It was then that Peyton Manning heard the very respectful voice of Steve Lopez, a beer vendor from the Bronx. “Mr. Manning, could I please get an autograph?” the 25-year-old asked. Manning’s head turned and looked […]

Beretta’s Hittin’ the Road

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Beretta has announced plans to build a factory in Tennessee and not in Maryland where it has been for 35 years. The new facility will create 300 jobs. Maryland’s Governor Martin O’Malley (D) and his anti-Second Amendment Firearm Safety Act of 2013 are to blame for the departure. Our Liberty and Freedom map shows you […]