Bolstered by his recent successes in reigning in Al Qaeda and echoing similar policies, US President Obama has demanded that the Debt Ceiling roll back to the 1967 borders.
The controversial edict spurred immediate condemnation by the Congressional Budget Office who claimed that those borders are completely indefensible.
Obama is expected to further apply [...]
Imagine research which suggested that ulcers were caused by a bacterium and could be treated by a very high dose of antibiotics in conjunction with a strong antacid. If this discovery were true it should ‘self-promote’. That is, it should, without any intervention other than publishing the finding, surface as the truth which is observable, [...]
What follows is a set of charts and diagrams to explain what is wrong with the US economy:
Chart of Inflation 1800-2005
(Source: http://www.economics-charts.com/cpi/cpi-1800-2005.html)
What is inflation?
Inflation is a tax on holders of cash (all of us). Imagine that dollars weren’t dollars anymore but shares in your country – and your country was a corporation. Suppose that your [...]
US Airways Express Flight 3079, bound for Kentucky, grounded in Philadelphia after an attendant reported a suspicious passenger. (Matt Rourke/Associated Press) 1
Imagine you are on a plane and a teenager wearing a white sweater proceeds to strap a small black box to his forehead affixed [...]
At a recent Press Conference, Barbara McDougal of ‘The Financial Standard’ rises to pose a question.
Obama: (motioning) Yes Barbara…
Barbara: Mr. President, what are your feelings towards economic recovery?
Obama: While times are tight, jobs are returning to America. Can we recover? ‘Yes we can’.
Barbara: Mr. President, just a fast follow up please
Obama: Sure.
Barbara: Can we [...]
