Marc Faber: Look out! A 1987-style crash is coming
The S&P has rallied 19 percent in 2013, which is impressive by any measure. But the market did far better in 1987, when stocks added more than 30 percent from the beginning of the...
Category: Economics
GAO opens investigation into Planned Parenthood’s use of taxpayer money
WASHINGTON – The non-partisan Government Accountability Office confirmed Thursday it is launching an investigation into how the country’s largest abortion provider spent millions of taxpayer dollars. Planned Parenthood received more than a half billion...
The invocation of St. Obama is probably not going to do Detroit much good
One of the most startling moments of the Detroit bankruptcy was when a judge stepped in to stay the bankruptcy at the behest of the city’s public sector unions…and then said that she was going to...
Obama administration using housing department to compel diversity in neighborhoods
Obama administration using housing department to compel diversity in neighborhoods In a move some claim is tantamount to social engineering, the Department of Housing and Urban Development is imposing a new rule that would...
This fiscal horror story playing out across America, is actually much worse than publicly recognized
The United States has accumulated over $70 trillion in unreported debt, an amount nearly six times the declared figure, according to a new study by University of California-San Diego economics Professor James Hamilton. The...
NYC’s Good Times May Sour Like Detroit’s, Bloomberg Warns
New York Mayor Michael Bloomberg invoked Detroit’s bankruptcy to recall the most populous U.S. city’s own brush with insolvency and warn its residents that they shouldn’t take the current fiscal well-being for granted. Bloomberg, 71, said his...
Ted Cruz: I need a ‘Grassroots Army’ to defund Obamacare, stop amnesty
Sen. Ted Cruz (R-TX) on Monday called on America’s grassroots conservative activists to rise up and organize an effort against the Washington, D.C. establishment to defund Obamacare in the upcoming Continuing Resolution (CR) that...
Japan : Unveils Biggest Warship “IZUMO” Since WWII & 810 ft and $1.2 billion helicopter carrier
Japan unveiled its biggest warship since World War II on Tuesday, a $1.2 billion helicopter carrier aimed at defending territorial claims, drawing criticism from regional rival China which accused its neighbour of “constant” military...
Eyeing China, Philippines gains U.S. ship in military upgrade
(Reuters) – The Philippines took possession of a former U.S. Coast Guard ship on Tuesday, part of its biggest military upgrade in decades, as a strongereconomy allows it to raise spending to counter China’s growing...
STUDY: U.S. DEBT OBLIGATIONS $70 TRILLION
A new study by University of California-San Diego economics professor James Hamilton finds that the United States has over $70 trillion in off-balance sheet liabilities–an amount nearly six times the on-balance-sheet debt figure. The Treasury debt...
