Chicago Imposes a $13/Hour Minimum Wage by 2019

Written by Gary North on December 3, 2014

chicago-minimum-wage

Chicago has just sent businesses a message: “It’s time to adopt labor-saving machinery. Fire some workers.” It sent a message to adjoining suburban towns: “You will get lots of Chicago public transit commuters looking for work — cheap.” It sent a message to the city’s welfare office: “Prepare for a flood.” It sent a message […]

Continue reading →

Tablets and Nearsighted Kids

Written by Gary North on December 3, 2014

nearsightedness

In 1968, I was treated by an optometrist who said that nearsightedness is learned. He was regarded as a crank. He said that kids should take breaks from reading. They should spend more time outdoors. He was regarded as a crank. He prescribed corrective lenses for me at age 26 that focused only at two […]

Continue reading →

Divorce Calculator: What Are Your Odds?

Posted on December 3, 2014

divorce

If you knew graduating from college, waiting a few years to marry, settling down and having a child would make your marriage last, would you do it? Your answer might be up in the air — but the statistics are solid as a rock. They show that your risk for divorce is significantly less if […]

Continue reading →

Video: An Arsonist Burns Down a Ferguson Church

Written by Gary North on December 2, 2014

ferguson-pastor

Michael Brown, Sr. was baptized the night before the Ferguson riot. He was not the man who leaped onto the car and called for people to burn down the city. That was Michael Brown Jr.’s stepfather. On the night of the riot, Brown’s pastor was on the street where the riot was taking place. He […]

Continue reading →

Swiss Veto Gold. Gold Soars.

Written by Gary North on December 2, 2014

swiss-gold

On Sunday, 78% of Swiss voters vetoed the idea that the Swiss National Bank should buy enough gold to get it to 20% of the monetary base. This outcome had been predicted for weeks. There would be no big purchase of gold. Gold’s price fell. On Monday, gold soared by $44. Reason: “Sell on the […]

Continue reading →

Video: Visualizing $17 Trillion

Written by Gary North on December 2, 2014

debt

The on-budget debt of the U.S. government just went over $18 trillion. This is chump change. The government’s unfunded liabilities (off-budget) of Social Security and Medicare are about $200 trillion. That is serious money. But let’s look at chump change. This lets you visualize $17 trillion.

Continue reading →

FBI Issues Warning on Sony-like Cyberattacks on Businesses

Written by Gary North on December 2, 2014

cyberattacks

CNBC ran this headline for a Reuters story: FBI warns US businesses of ‘destructive’ malware. The FBI warned U.S. businesses that hackers have used malicious software to launch destructive attacks in the United States, following a devastating cyberattack last week at Sony Pictures Entertainment. The five-page, confidential “flash” warning issued to businesses late on Monday […]

Continue reading →