Tag archive for ‘Declines’
Encouraging the Freedom to Fail
American business is the most robust, the most efficient, and the most effective in providing returns to shareholders on invested capital. We take capital from all points on the globe and turn it into returns that are often multiples of what they initially invested. No other country is as effective at generating wealth as the United States. We are so effective because of our commitment to capitalism and free markets. Part and parcel of that commitment is a belief in freedom. One of those freedoms has to be the freedom to fail. For if failure is not a consequence of bad decision making by private enterprise, we will surely fail in the long term in generating wealth. Life without risk, in business, is not worth investing in.
The Obama Gaffe
With some of America’s largest and most prestigious financial institutions undergoing a threatening liquidity meltdown, Democratic presidential nominee Barack Obama has not hesitated to seize the opportunity to exploit the situation for political gain. Despite being the second largest recipient of Fannie Mae and Freddie Mac political donations in the entire United States Congress, he [...]
Is that your FINAL answer? Congression debate to include Polygraph?
Two challengers for an Indiana congressional seat have agreed to be hooked up to lie detectors during an upcomming debate. While it is unlikely to happen - it demonstrates the sillyness that the 2008 campaign season seems to be turning into.
Ninth District Republican Party Chairman Larry Shickles on proposed the political polygraphs for Democratic Rep. [...]
Housing Crisis evaporates $6 trillion in personal wealth
Los Angeles (LATIMES): A Washington think tank is warning that housing prices are falling at an accelerating level, destroying wealth at a pace that will cost the average homeowner $85,000 in lost wealth this year alone.
The projections by the Center for Economic and Policy Research are based on the numbers in Tuesday’s Case-Shiller home price [...]
Oil Wars on the Horizon? (A multi-part series) Part I
Oil prices continue to climb ever higher. As I refuel my car up at the pump, and the price climbs from $3.00 to $3.10, to $3.40, to $3.75, I wonder when the price is going to stop. Unfortunately, a little voice in my head tells me, as an economist, as a strategist, and as a [...]
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