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 […]
Detroit Shock-wave Hurting Other Michigan Munis
Genesee County, Michigan was forced to pull a recent bond offering when lenders weren’t willing to lower the interest rates they were demanding. It’s no small wonder given the horrific state of Michigan finances, one would expect lenders to be a bit punchy about handing out money in the environs of Detroit, America’s largest city ever to […]
Off the Grid Politician
You can expect to hear a lot more from U.S. Rep. Thomas Massie. This is one of the best articles I’ve read recently on any politician. I was particularly interested in his connection with activist John Ramsey who was seated at our dinner table at the Scottsdale, AZ Cato retreat. U.S. Rep. Thomas Massie lives […]
The Sad Truth of the Obama Economy
The sad truth spoken by Sen. Ted Cruz. The sad truth of the Obama economy is that those who have been hurt the most are the most vulnerable: young people, Hispanics, African-Americans, single moms. Under President Obama, Hispanic unemployment climbed to nearly 10%; African-American unemployment to nearly 14%; and youth (age 16-19) unemployment to over 25%. […]
Union Membership Drops 30 to 60 Percent!
When given a choice to pay union dues or keep the money to feed their family, union members choose family. You know the real one, not some made up one by the union bosses. In Wisconsin union membership has plummeted thanks to Gov. Scott Walker’s policies that give public sector workers the right to choose […]
The Most Aspirational Cities
It comes as no surprise that Texas has four of the top 15 aspirational cities. As Joel Kotkin and Wendell Cox point out, Aspirational Cities appeal to blue-state progressives by using red-state economic policies. Finally, we considered quality-of-life factors such as traffic congestion, housing affordability, and crowding—which are keenly relevant to young families hunting for […]
Obama Nominates Radical
According to the Wall Street Journal, Ron Binz is “the most important and radical Obama nominee you’ve never heard of.” If he becomes the next chairman of the Federal Energy Regulatory Commission or FERC you can expect the worst from this sleepy regulator. FERC was a sleepy regulator until the Obama Presidency, but it has […]
Dump the Unions
The first step in getting Detroit out of this mess is to dump the unions. But as the Wall Street Journal‘s Review & Outlook points out, union leaders will fight until the end even if that means bankrupting other states that will be forced to pick-up the tab. Unions say it’s not fair for the […]
How to Make $5 Million Dollars
As the Taxpayers United of America points out many pensioners in Chicago are on track to collect more than $5 million dollars in lifetime pension payments. REPORT: CHICAGO SCHOOL PENSIONS DRIVING THE WINDY CITY THE WAY OF THE MOTOR CITY CHICAGO – Taxpayers United of America (TUA) today released the results of its second study of the […]
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