Originally posted May 13, 2011. New Hampshire Governor John Lynch has vetoed the New Hampshire Right-to-Work Bill (H.B. 474). In his veto message, he said: “States should not interfere with the rights of businesses and their employees to freely negotiate contracts. That is unless there is a compelling public interest, and there is no compelling […]
The Best Book on the Economy’s Only Hope
Originally posted February 26, 2013. Of all the books you want to read this year, be sure you make some time for The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy’s Only Hope, by John Allison. You’ll get into the mind of one of today’s great thinkers. John Allison […]
Food Riots in Cuba
Originally posted April 16, 2013. I read about Cuba’s 1995 food riots last week, when I was studying techniques for food storage and preservation. They were a good illustration that you don’t necessarily have to be out of food to have a riot. It’s the panic that breaks the bank, or the nuts on The […]
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 […]
Socialism 101
This is what you get when you run out of other people’s money. Providence saw one of the largest percentage-point drops in aid from 2007 to 2012 among the nation’s 250 largest cities, according to an analysis by The Wall Street Journal of data provided by Merritt Research Services LLC. A few cities’ figures weren’t […]
Boo! Brown University
After the way they treated New York’s police commissioner Ray Kelly why would any sensible person ever again choose to speak to the baby Boo birds at Brown University? The Wall Street Journal explains: In 2001, the year before Ray Kelly began his second tour as New York’s police commissioner, the city suffered 649 murders. In 2012, […]
Hedge Funds Limping Along
The short-term minded and “what have you done for me lately” crowd can’t be happy about the high fees they’re paying for their hedge fund manager. The Wall Street Journal reports. It’s been a great year for the stock market. It’s been a tough year for a hedge-fund manager. A typical hedge fund has risen […]
The Biggest Investment Risk of Your Life
One of your biggest investment risks in retirement is not knowing what retirement will look like. What I have found in working with retirees is that their initial idea of what retirement will look like is far different than how it turns out to be, for better or worse. That’s why it’s smart to give […]
Where Gold is in Demand
Consumers in China are craving more of the yellow metal. BEIJING—China’s increasing appetite for bling is giving some spark to the moribund gold market. Gold prices are up 4% in the past week, hitting a three-week high of $1,334.70 an ounce on Monday. A big factor behind the rise is a surge in demand for […]
Housing Politics Make a Mess of New York Market
Megan McArdle recently summarized a number of pieces on the housing and politics on Bloomberg.com. Perhaps the most impressive quote she gleaned from her research was from Howard Husock who said: “About a million rental units are covered by rent stabilization, which limits how sharply a landlord can increase rent each year, and another 38,000 […]
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