The Silver-Skelos 'defense': Corruption is the way of Albany … How do you defend the indefensible? If you're former state Senate Majority Leader Dean Skelos, you do the same as your Assembly counterpart, Sheldon Silver: You don't. Like Silver, Skelos opted not to testify on his own behalf — likely realizing the jury wouldn't believe a word. – NewYorkPostDomina...Read More
Clock ticks on Swiss banking secrecy … Many Swiss believe banking secrecy cannot be sustained … Switzerland is facing mounting pressure finally to abandon its long tradition of banking secrecy. The United States has already told the Swiss government it expects Swiss banks to provide the US authorities with automatic information about US clients. Now the European Union is demanding the...Read More
The Silver-Skelos 'defense': Corruption is the way of Albany … How do you defend the indefensible? If you're former state Senate Majority Leader Dean Skelos, you do the same as your Assembly counterpart, Sheldon Silver: You don't. Like Silver, Skelos opted not to testify on his own behalf — likely realizing the jury wouldn't believe a word. – NewYorkPostDomina...Read More
It's going to get much worse for gold … It's been another tough year for gold. The precious metal has fallen 10 percent in 2015 and is tracking for its longest yearly losing streak since 1998. And according to one technician, the pain will continue heading into 2016. "I think there's still downside here," Rich Ross said Monday on CNBC's "Trading Nation." &...Read More
It's going to get much worse for gold … It's been another tough year for gold. The precious metal has fallen 10 percent in 2015 and is tracking for its longest yearly losing streak since 1998. And according to one technician, the pain will continue heading into 2016. "I think there's still downside here," Rich Ross said Monday on CNBC's "Trading Nation." &...Read More
In Brazil, Rising and Rampant Racism Is Written On The Wall … A group puts racist tweets on billboards in the neighborhood in which the troll lives. The biggest lawyers group seeks an apology and reparations for slavery. Brazil is combating racism in new ways. – NPRDominant Social Theme: The real problem with Brazil is its history of racism.Free-Market Analysis: In this article, we wil...Read More
The twentieth century has witnessed the beginning, development, and end of the most tragic experiment in human history: socialism. The experiment resulted in tremendous human losses, destruction of potentially rich economies, and colossal ecological disasters. The experiment has ended, but the devastation will affect the lives and health of generations to come. The real tragedy of this experiment...Read More
In Brazil, Rising and Rampant Racism Is Written On The Wall … A group puts racist tweets on billboards in the neighborhood in which the troll lives. The biggest lawyers group seeks an apology and reparations for slavery. Brazil is combating racism in new ways. – NPRDominant Social Theme: The real problem with Brazil is its history of racism.Free-Market Analysis: In this article, we wil...Read More
The twentieth century has witnessed the beginning, development, and end of the most tragic experiment in human history: socialism. The experiment resulted in tremendous human losses, destruction of potentially rich economies, and colossal ecological disasters. The experiment has ended, but the devastation will affect the lives and health of generations to come. The real tragedy of this experiment...Read More
Greeks told to declare cash "under the mattress," jewelry and precious stones … When earlier today we read a report in the Greek Enikonomia, according to which Greek taxpayers would be forced to declare all cash "under the mattress" (including inside) or boxes that contain more than 15,000 euros as well as jewelry and precious stones (including gold) worth over 30,000 eur...Read More
Get Your Flu Shot Before the Flu Is Widespread: CDC … Everyone 6 months and older should be vaccinated before holiday trips and gatherings, experts say … While relatively few cases of flu have surfaced so far in the United States, health officials say the holiday season will likely change that, so everyone should get a flu shot now. People will be shopping, traveling and going to gathe...Read More
Greeks told to declare cash "under the mattress," jewelry and precious stones … When earlier today we read a report in the Greek Enikonomia, according to which Greek taxpayers would be forced to declare all cash "under the mattress" (including inside) or boxes that contain more than 15,000 euros as well as jewelry and precious stones (including gold) worth over 30,000 eur...Read More
Get Your Flu Shot Before the Flu Is Widespread: CDC … Everyone 6 months and older should be vaccinated before holiday trips and gatherings, experts say … While relatively few cases of flu have surfaced so far in the United States, health officials say the holiday season will likely change that, so everyone should get a flu shot now. People will be shopping, traveling and going to gathe...Read More
It Begins: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizen … Finland is considering giving every citizen €800 a month. Proposals for a national basic income are intended to simplify the social security system and encourage more unemployed people to take on temporary work. – ZeroHedgeDominant Social Theme: Let's turn central banks into a force for good by...Read More
Will the IRS Take Your Passport? … A little-noticed provision in the highway funding bill Congress passed this week threatens a right most Americans take for granted: the right to travel abroad. The provision in question gives the Internal Revenue Service the authority to revoke the passport of anyone the IRS claims owes more than $50,000 in back taxes. Congress is giving the IRS this new po...Read More
It Begins: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizen … Finland is considering giving every citizen €800 a month. Proposals for a national basic income are intended to simplify the social security system and encourage more unemployed people to take on temporary work. – ZeroHedgeDominant Social Theme: Let's turn central banks into a force for good by...Read More
Will the IRS Take Your Passport? … A little-noticed provision in the highway funding bill Congress passed this week threatens a right most Americans take for granted: the right to travel abroad. The provision in question gives the Internal Revenue Service the authority to revoke the passport of anyone the IRS claims owes more than $50,000 in back taxes. Congress is giving the IRS this new po...Read More
Yellen signals growing likelihood of a December rate … Federal Reserve Chair Janet Yellen told Congress Thursday that economic conditions appear to be improving enough for policymakers to raise interest rates when they meet in two weeks — as long as there are no major shocks that undermine confidence. Yellen said that even after the first rate hike, the Fed expects future rate increase...Read More
A few cheering thoughts on terrorism … Terrorism by Moslems in America and Europe cannot be stopped. If attacks do not occur, it will be because nobody tried very hard. Stopping them would require excluding Moslems, deporting them, or controlling them by totalitarian methods. Or, improbably, minding our own business in the Middle East. What you think of the foregoing approaches doesn't m...Read More
Yellen signals growing likelihood of a December rate … Federal Reserve Chair Janet Yellen told Congress Thursday that economic conditions appear to be improving enough for policymakers to raise interest rates when they meet in two weeks — as long as there are no major shocks that undermine confidence. Yellen said that even after the first rate hike, the Fed expects future rate increase...Read More