Income Falls, Spending Rises

Posted on April 7, 2015

falling-income

Bad news for most Americans: Yellen’s recovery isn’t working. Most Americans’ incomes continued to fall last year, but the richest 20 percent saw theirs rise, a new Labor Department report showed Thursday. In fresh data that adds fire to a growing debate over income inequality, the department said that Americans on average saw income decline […]

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Salaried Women Over 50 Plan Not to Retire

Posted on April 7, 2015

no-retirement

By Kerry Hannon When I ask my working girlfriends when they plan to retire, or if they plan to retire, I usually get a quizzical look — and then a shrug. Most of them are in their 50s and 60s and they all seem to think the notion of not working for pay is rather […]

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Stop the Military Robots

Posted on April 7, 2015

military robots

A new global campaign to persuade nations to ban “killer robots” before they reach the production stage is to be launched in the United Kingdom by a group of academics, pressure groups and Nobel peace prize laureates. Robot warfare and autonomous weapons, the next step from unmanned drones, are already being worked on by scientists […]

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Big Bank Bust: Layoffs

Posted on April 1, 2015

bank-layoffs

Top European and U.S. banks axed 59,000 jobs last year as they restructured and cut costs, with headcount expected to shrink further in Europe as bosses strive to improve profitability that has been hit hard by tougher regulation. Lenders have also sold or shut businesses to narrow their focus to avoid falling foul of regulators […]

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Gallup Poll: “What, Me Worry?” Not About Global Warming

Written by Gary North on April 1, 2015

Gallup-EnvironmentalTrends2015

This is a great April Fool’s story. It’s true, but the global warmers wish it were a trick. Americans are not buying the global warming story. We have had 25 years of alarms from the anti-growth hypesters, but Americans have tuned them out. “What, me worry?” Not lately. The latest Gallup poll reveals no change […]

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Cable News: No One Is Watching

Written by Gary North on April 1, 2015

cable-news

The ratings for cable TV news shows are out. They are all losers. None of them begins to rival the Drudge Report. Here is a story from a site that takes cable TV news seriously. Talk about a tale of two cable news networks. With its 53rd consecutive quarter total audience win, Fox News Channel […]

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Face Scans Reveal Life Expectancy

Posted on April 1, 2015

face-scans

By Dennis Thompson Every face tells a story, and that story apparently includes hints of how quickly a person is aging, a new study contends. Facial features have proven even more reliable than blood tests in spotting those for whom time is taking a heavier toll, a Chinese research team reports in the March 31 […]

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Healthcare Stocks: Feverish

Posted on April 1, 2015

healthcare-stocks

By Wolf Richter The healthcare merger binge on Monday came in the nick of time. While the overall US economy is struggling to grow at anything faster than the puny pace of 2.3% per year, healthcare spending has been on a tear, rapidly grabbing an ever larger part of the economy. If it hadn’t been for […]

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Spilt Milk: Inefficient Milk Producers Fight the Free Market

Written by Gary North on April 1, 2015

milk-producers

For over 200 years, inefficient farmers in Europe have battled the free market, which favors efficient farmers. Meanwhile, inefficient American farmers have for 80 years demanded price supports from Congress to deal with efficient American farmers. Farmers are the bulwarks of government bailouts and subsidies. On April 1, the European Union ended import quotas on […]

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Christian Economics in One Lesson: Introduction

Written by Gary North on March 28, 2015

broken-window

Christian Economics in One Lesson is my reworking of Henry Hazlitt’s classic introduction to economic thought, Economics in One Lesson. That book set the standard as an introductory economics book. Nothing has come close to replacing it ever since it was first published in 1946. Why do I believe it is necessary to replace a […]

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