Disabled People on Welfare: Up, Up, and Away!

Written by Gary North on January 28, 2015

disabilities

This headline grabbed my attention: 1 in 3 on Disability Have Mental Disorder; 42.9% in D.C. The first word the popped into my head was “Congress.” But I was wrong. The article is about people with mental disorders in the general population, not just in the nation’s Capitol. A basic law of economics is this: […]

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Common Core Grading: Touchy-Feely

Written by Gary North on January 27, 2015

Common Core is about making sure that incompetent students do not feel bad about themselves. “A for effort!” “College try!” So, they will be graded on how well they cooperate. The old grading system is being scrapped. It’s the worst of both worlds: they won’t make the objective grade, but they will be told, “There, […]

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Labor Unions: Just About Gone

Written by Gary North on January 27, 2015

UnionMembership2010

The experiment is over in the United States. Except for unions of tax-supported workers, they’re kaput. They only existed because the federal government gave them monopolies. Now the National Labor Relations Board is impotent. White collar workers won’t vote to join. Unions can’t shut down industries with strikes. They are hard pressed to close a […]

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Housing Recovery: Thin Ice

Posted on January 27, 2015

housing-market

By Mark Hanson This “housing recovery” has not been about demand, rather house-price super-inflation, which is suspect as price is a “lagging” indicator to demand. Existing Home demand has been extremely weak since mid-2013, when rates popped and the unorthodox demand began to dry up. “End-user” Existing home demand has been weak since 2007. Builder […]

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“Patriots Investigation Will Take Some Time.” — Judge Crater

Posted on January 27, 2015

patriots

Any notion that the NFL’s investigation into the New England Patriots’ usage of underinflated footballs during the AFC Championship Game might be done prior to the kickoff of Super Bowl XLIX can pretty much be put to rest. Ted Wells, who was appointed by the league to assist with the ongoing probe, released a statement […]

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Junk Bond Oil Slick

Posted on January 27, 2015

oil-slick

By Wolf Richter Every rally in crude oil since June turned out to be a pathetic sucker rally. On Friday, West Texas Intermediate fell over 2% to $45.32 a barrel, back where it had been on January 12, annihilating most of the 12% rally in between. WTI is now 58% below the June peak. “If prices […]

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Video: Obama, Yellen, and Ray Stevens

Written by Gary North on January 26, 2015

Ray Stevens had it right until QE3 stopped. But now Dr. Yellen faces a problem. Who will fund the federal deficit, now that she and the FOMC have stopped buying debt with counterfeit money? At what price (interest rates)? For how long?

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Greek Voters Stick It to the Eurozone Good and Hard

Written by Gary North on January 26, 2015

Map general-V2_RGB

Greek voters have elected a Marxist political party. The party ran on this slogan: “Spend, spend, spend.” It is a popular slogan. The party will start ramping up the welfare dole. It’s Keynesian welfarism forever! But where will it get the money? There are two ways: (1) default on the government’s debt to large European […]

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Housing Bubble II: The Feds Are at It Again

Posted on January 26, 2015

housing-bubble

Uncle Sam wants to make it more affordable for Americans to buy their first home. The recent policy changes affect government-backed home loans and could make it less costly for first-time buyers to come up with a down payment or to afford private mortgage insurance. The changes center on the Federal Housing Administration and mortgage […]

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