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crony capitalism

Is a new bull market near? Or are stocks ready to implode?

WASHINGTON, April 24, 2016 – In our previous rant, we began to explore the observations of a French bank official, Albert Edwards with regard to our current almost-impossible-to-invest-in markets. Given that we’re writing this installment on Sunday, which, blessedly, is a day of rest from trading, it seems like a good time to wrap up ...

Why some major corporations pay more taxes than others

WASHINGTON, Oct/ 23, 2015 – Every year the media is loaded with reports describing the disparity in the amounts of money companies pay in taxes. WalletHub.com has weighed in on the subject with a recent report: With taxes and income inequality taking center stage in the recent presidential debates, the personal finance website WalletHub today released its latest ...

Why Big Business loves minimum wage increases

WASHINGTON, October 8, 2015 − Many policy makers seem to live in a dream world. “It is terrible that the working poor have to live on such a low minimum wage,” they say. They address this problem by arbitrarily raising the minimum wage, although many jobs are worth less than the amount they set. This ...

Decline and Fall of America: Endgame for crony capitalism

WASHINGTON, Aug. 15, 2015 – Let’s launch today’s essay on America’s ongoing decline and fall by quoting at length some provocative comments from Jesse’s Café Américain, a uniquely odd, provocative, pseudonymous, one-man website primarily devoted to gold, silver and economic matters: Watching the conversations related to the political scene [is] a little more interesting now ...

Banks penalized, oils mertilized, leaderless stocks meander

WASHINGTON, November 13, 2014 – Thursday’s trading is shaping up to be pretty much like Wednesday’s. Major stock groups are getting hit, damaging major averages. Trading interest is low, encouraging the usual low-volume mischief by HFTs. And there’s no real catalyst for buyers now that earnings season is pretty much over. News continues to come ...

People’s Republic of Maryland to quash online education competition

WASHINGTON, April 18, 2014 – This report just in from “The American Interest:” Maryland has decided to stand athwart the [I]nternet, yelling ‘Stop!’ The Maryland Higher Education Commission recently sent letters to numerous institutions across the country that offer online courses, demanding that they pay registration fees for the Maryland residents enrolled in them. However, there ...