Feinstein Has Not Yet Called For Navy Yard Control

Written by Gary North on September 18, 2013

unarmed

California Senator Diane Feinstein has once again called for a renewed debate in Congress over gun control. What she means is more debate. The Congress debated gun control early this year, and her bills to control guns sank without a trace. She wants gun registration. She wants crazy people identified before they can buy guns. […]

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Fewer IRS Employees, Less IRS Terrorism

Written by Gary North on September 18, 2013

Obama has called for a 9% increase in the IRS budget. House Republicans prefer a 24% reduction. In 2012, enforcement actions of the IRS produced $50 billion. This was down 9% from 2011. That is out of a tax system that collected $2.4 trillion in revenues. By any standard, IRS collections are a failure. There […]

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Median Household Income Is Flat

Written by Gary North on September 18, 2013

In 2012, median household income in the USA was flat. Adjusted for price inflation, it was down 9% since 1999: the Clinton era. It is where it was in the late 1980s: early Bush I. All this has happened under Keynesianism. The engine of economic development has gone flat for 80% of Americans. Those in […]

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Solar Power in Business Is Growing

Written by Gary North on September 18, 2013

MrFusion

Government-owned electricity plants are facing growing competition from the solar panel industry. Today, about 5% of firms’ electricity is generated in-house. But this is rising. Wal-mart thinks its solar-generated share will be 20% by 2020. The key is real estate: empty roofs. The company can put solar cells on its roofs. This lets the firm […]

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Silly Market Analysts or Silly Central Bankers

Written by Gary North on September 17, 2013

Tomorrow, the Federal Open Market Committee will meet. It will decide: leave things alone, and then publish a press release, or tinker at the margin, and then publish a press release. We read this on Yahoo Finance. Since the June 19 FOMC meeting, all eyes have been looking down the calendar to September, when market […]

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Romanian Ads Stick It to the British Government

Written by Gary North on September 17, 2013

Some idiot in the British bureaucracy launched an ad campaign bad-mouthing Great Britain, in order to keep foreigners from moving to the UK. An ad agency in Romania spotted an opportunity. It launched a “visit Romania” Internet ad campaign. The campaign was funny. Viral marketing took over. Then the company created a site where Romanians […]

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Summers Out, Asian Stocks Up, Economic Analysis Gone

Written by Gary North on September 16, 2013

The inability of the financial media to explain economic causation never ceases to amaze me. The simplest ideas regarding cause and effect elude the analysts. This headline caught my attention: Asia stocks rise as Summers exits Fed contention. It was supplied by the Associated Press. Lawrence Summers is the former president of Harvard University who […]

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