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Home Prices Reach Peaks in 4 States

Posted on April 1, 2014


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Despite harsh weather, home prices in the U.S. held up in February, with four states setting record highs, according to CoreLogic data released Tuesday. Home prices in Colorado, Nebraska, North Dakota and Texas hit peaks, and another 18 states were within 10% of their peak prices (see the above chart from CoreLogic). Factors driving home […]

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Minimum Wage of $10.10? Check Out Which State Has Instituted This!

Posted on March 29, 2014

Connecticut raised its minimum wage $10.10 an hour from the previous $ 8.70 an hour over the next three years, surpassing Washington as the highest in the country, reports Reuters. President Obama and congressional Democrats want to raise the federal minimum wage to $10.10 an hour. Connecticut Gov Dannel Malloy, a Democrat, signed the legislation […]

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4 Years After Promises, Obamacare Not Yet A Viable Solution

Posted on March 24, 2014

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 Marco Rubio, R-Fla., called the law a “disaster,” insisting it can still be repealed.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 […]

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World’s Largest Life Insurance Policy Taken Out By California Billionaire

Posted on March 18, 2014

An unnamed Silicon Valley billionaire has purchased the world’s most valuable life insurance policy. The San Jose Mercury News reported Saturday that Guinness Book of World Record officials say the $201 million life insurance policy is more than double the previous record. A Southern California financial services company who helped put the deal together declined […]

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Bill Gates Gives Picture Of Future Of Computing

Posted on March 14, 2014

Within 20 years, “software substitution” will dramatically reduce the demand for many types jobs, Bill Gates said Thursday at the American Enterprise Institute. It’s a gloomy prediction that he says many people, including governments, aren’t prepared for. Make no mistake, “software substitution” is a fancy way of saying software automation — as in “bots” and […]

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Just How Much Is A Bestselling iPhone Game Worth?

Posted on March 13, 2014

Actually, it would be King Digital Entertainment Plc, the company that makes the hit mobile game that would benefit the most from its plans to go public later this month: On Wednesday, King Digital revealed that it has set a price range of $21 to $24 a share for the 22.2 million shares involved in […]

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Happy Birthday, Web

Written by Gary North on March 12, 2014

Today is the 25th anniversary of the most important invention that any individual ever came up with: the World Wide Web. Not even Gutenberg matched it. Korea had moveable type two centuries before he invented it. Tim Berners-Lee invented the Web, all by himself, on March 12, 1989. Then he implemented it over the next […]

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Market Takes A Dip As Ukraine Crisis Escalates

Posted on March 3, 2014

Wall Street was setting up for a tough session on Monday, with U.S. stock futures under pressure as investors moved out of perceived riskier assets following a weekend of escalating tensions over Russia and Ukraine. Futures for the S&P 500 index fell 19 points, or 1%, to 1,838.90, while those for the Dow Jones Industrial […]

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Minimum Wage Laws: Litmus Test for Economists

Written by Gary North on February 24, 2014


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I have learned over the last half-century that there are two litmus tests of an economist’s commitment to the idea of voluntary exchange as a means of increasing net productivity and net income. One of them is the doctrine of free trade. The other is the doctrine of minimum-wage legislation as a source of increased […]

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