Recession Spreads in Europe, Threatens the USA

Written by Gary North on April 29, 2013

The recession in Europe has spread into every large nation. Still, price are rising. The European Central Bank is powerless. It has officially set lending rates at 0.75%. Still, the economies are crashing. Greece has a 27% unemployment rate. So does Spain. Now there is talk of a rate cut by the ECB. To which […]

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Internet Sales Tax Bill Will Pass in the Senate.

Written by Gary North on April 26, 2013

It’s almost here: a new sales tax on Internet purchases. The Senate will vote in 11 days. The preliminary vote was 63 to 30. Then it will go to the House. If the House passes it, Obama will sign it into law. You and I will start paying sales taxes on orders from companies that […]

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Connecticut: “No Guns, No Gold”

Written by Gary North on April 26, 2013

You probably know about the gun control bill that was voted into law this month. Gun manufacturers are threatening to move out of the state. The story is here. The state is now about to shut down all coin stores. A bill to require complete record-keeping on all sales, including photos of every coin sold, […]

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Duck Dynasty Shoots American Idol Out of the Sky.

Written by Gary North on April 26, 2013

The A&E’s top show scored higher than the yuppie favorite. At A&E, they are happy, happy, happy. Like a flock of ducks lured to their doom by a Duck Commander duck call, American Idol was flying along, oblivious to what was happening on the ground. The Robertson men were in their blind, shotguns loaded. Uncle […]

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Food Stamp Nation: 20% of U.S. Households

Written by Gary North on April 26, 2013

The economic recovery rolls on. The number of American households receiving food stamps has hit 23 million. This is 23 million out of 115 million households. That’s 20%. The government has a solution. Stop calling them food stamps. It has now issued cards that look just like credit cards. Also, it has changed the name […]

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Scared Americans Close Their Wallets on Durable Goods.

Written by Gary North on April 25, 2013

Orders for durable goods that are expected to last three years or longer fell 5.7% on March. This was a substantial decline. For the year, durable goods orders are unchanged from a year ago. Durable goods purchases indicate the willingness of Americans to buy goods that are not the normal day-by-day goods, which tend to […]

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