On February 17, President Obama signed into law H.R. 1, a bill containing $787 billion tax dollars to be dispersed throughout the country to “stimulate” the economy. Today, $67 billion of the stimulus money has been spent. $24.3 billion went to Health and Human Services to shore up flagging state balance sheets. The Department of […]
Common Stock Diversification
In 1990, John Wiley & Sons, the second largest publisher of business books, asked me to write the first book dedicated solely to the subject of asset allocation for investment professionals. The book, Dynamic Asset Allocation, was a big seller, having been in print for eleven years. The following are some of my thoughts back […]
Protecting Your Food Supply from Disaster
Sailing into Newport, RI, you are taken back in time the moment you pass Fort Adams to starboard. You might pass by on a picture-perfect evening in July, enjoying a light, refreshing breeze, with the sun setting over the Newport Bridge. Or you might sail by while Jimmy Buffett is playing for his fans, on […]
Your Bi-Partisan Government Bankrupts Small Businesses
Your government is failing small business. Americans looking for work just had their chances for employment greatly reduced. This Friday the minimum wage will increase 41% while unemployment is at a 26-year high. How the current minimum wage law came to be is an example of government legislation creating unintended consequences and essentially bankrupting small […]
The Better Way is the Cheaper Way
Of the 45.7 million people in the country that are supposedly starved of any available health insurance, 17.6 million have a family income of over $50,000 a year, plenty to afford health care if they want it. Of the remaining 28.1 million, 14.1 million are already eligible for Medicaid or SCHIPP, but simply aren’t enrolling. […]
GM and the Forgotten Men
The progressive U.S. Government now owns 60% of GM thanks to a taxpayer funded $50 billion assault begun by George Bush and finished by Barack Obama. After less than 50 days in Chapter 11, GM is 89.5% owned by a combination of the U.S. Government, the United Auto Workers union (17.5%) and Canada (12%). GM […]
Report Cards are in: Union Heads Receive an “F” for Teacher Representation
Our current public school system has become too “institutional.” We have gargantuan schools and massive taxpayer spending perpetuated by every administration since 1965 throwing money at the problem. We have the best teachers in the world hamstrung by poor representation from their monopolistic unions. And we have scarce, or no, competition between public schools giving […]
Audit the Federal Reserve: HR 1207 and S 604
I Support Rep Ron Paul’s Federal Reserve Transparency Act of 2009 –Dick YoungRon Paul’s bill to audit the Federal Reserve (HR 1207) now has 254 co-sponsors, and the numbers keep growing! HR 1207’s companion bill in the Senate, S 604, has already attracted 6 co-sponsors- This is history in the making, and victory is within […]
Major Threat to U.S. Air Supremacy
Over the weekend I, along with my family, attended the Rhode Island National Guard Air Show–as did 60,000 others during the Saturday and Sunday showings. Entering the gate, I donated $10 for parking. As it turns out, that donation allowed us to witness first hand the best insurance policy America has to offer for the […]
Obama, Oil, and the Middle East
In Cairo Egypt, President Obama gave a major speech on U.S. Muslim relations. Mr. Obama’s positions were mixed in their appeal, but his words lacked backbone. The upside of Mr. Obama’s grade-A pasteurized speech was stellar teleprompter use, his hints of peaceful engagement with Iran, and his words regarding Israel and Palestine. On Friday, Pat […]