The governor of Illinois recently said on national television that the minimum wage law should be passed by the legislature of Illinois because there is a fundamental principle involved. It goes back to the Bible, he says. The principle is this: if you work 40 hours a week, you should not have to live in […] READ MORE
4 Years After Promises, Obamacare Not Yet A Viable Solution
Sunday marked the four year anniversary of President Barack Obama signing the Affordable Care Act into law, and two prominent Florida lawmakers had very different takes on the occasion. In a video released over the week end, U.S. Sen. Marco Rubio, R-Fla., called the law a “disaster,” insisting it can still be repealed. “We cannot […] READ MORE
Turkey Claims To Have Shot Down Syrian Plane After Border Violation
Turkish fighter jets shot down a Syrian warplane after it violated Turkey’s airspace Sunday, Turkey’s prime minister said, in a move likely to ramp up tensions between the two countries already deeply at odds over Syria’s civil war. A spokesman for Syria’s military confirmed the incident, saying the plane was downed in Syrian airspace while […] READ MORE
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A White House aide set off a stampede of liberal media criticism for Internet news pioneer Matt Drudge over Obamacare – but his critics don’t seem to understand how small businesses pay taxes. The brouhaha started when Drudge tweeted: Jesse Lee, the Director of Progressive Media at Barack Obama’s White House, responded that that was […] READ MORE
This Map Ranks The States From Best To Worst On Tax Rates
Hate paying taxes? Then consider a home on the range, and keep as far away from New York as possible. The tax burden the average American pays varies tremendously, and depends a lot on where you live, according to a study by financial social media company WalletHub. The study ranked all 50 states and the […] READ MORE
Bitcoins Not Gaining Momentum Despite Mt. Gox Finding A Portion Of The Missing Ones
Major bitcoin exchange Mt. Gox said it had found nearly a quarter of the bitcoins it previously said were lost, raising questions about how much of the missing total could eventually be recovered. Mt. Gox Chief Executive Mark Karpelès said in a document released Thursday that the firm had found 200,000 bitcoins in a wallet […] READ MORE
Non-Disparagement Clauses Can Reduce Citizen’s Free Speech
By signing on the dotted line, or agreeing to those endless terms of service, some customers are unwittingly giving away their right to free speech. Specifically, the right to write negative online reviews. Experts say that more companies from wedding photographers to dentists are slipping non-disparagement clauses (and other language that prevents consumers from writing […] READ MORE
Medium-Term Treasury Yields Rising Quickly
On a conference call today with some people in the financial sector I made sure everyone was aware of this: I think a lot of casual observes (i.e. not the bond traders obviously) just think about the fed funds rate, and maybe the really short maturity Treasuries. But as the chart above shows (from here), […] READ MORE
Bill Would Make It A Felony To Report False Complaints Of Police Abuse
There is a bill in the Kansas legislature that is a bad cop’s dream. House Bill 2698 would raise cops even higher above the rest of society by requiring anyone filing a complaint against a police officer to first sign a sworn affidavit clearly stating the allegation. If during the ensuing investigation clear evidence shows […] READ MORE
“$50,000 Gold in 2020″ — Jim Sinclair’s Senior Moment
Jim Sinclair now predicts that gold will be at $50,000 sometime in 2020. This is all over the Web. With gold at about $1330 an ounce these days, the price would have to multiply by a factor of 38 to reach $50,000. Let me the be the first to say that this is not going […] READ MORE
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