Would you spend $50,000 for air conditioning and staging that will be used for just 75 minutes? Ostensibly, the U.S. State Department thought it was reasonable to spend this amount of money for a little more than an hour. Here’s a little bit of the background: in the early part of April, President Obama visited […]
Archives for April 2015
Is Paul Krugman jubilant over Baltimore riots?
The city of Baltimore is in a state of panic, destruction and violence. All over the city, there are broken windows everywhere, whether they’re stores, homes or vehicles. As the entire world has seen, protesters are simply wreaking havoc on the city, but that shouldn’t bother Keynesians like Paul Krugman because it’ll stimulate the economy. […]
Peter Schiff: Federal Reserve rate hike hints are a bluff
As we reported Wednesday, the Federal Reserve will likely refrain from raising interest rates in June. Economists predict the United States central bank will boost rates in September as Federal Open Market Committee (FOMC) discuss the merits of the harsh first quarter, weak GDP growth and a stronger dollar. Peter Schiff, CEO of Euro Pacific […]
Federal Reserve likely to delay interest rate hike to September: economists
Well, the Federal Reserve isn’t likely to raise interest rates in June. After nearly a year of hints and confidence among economists that the United States central bank would finally touch interest rates for the first time since 2008, Fed Chair Janet Yellen may bide her time a little longer. Economists are now saying the […]
Military is Big Business: U.S. defense industry outperforms S&P 500 by 30%
“In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex.” These words were spoken by President Dwight D. Eisenhower in his farewell speech to the country. This year, one of the biggest news stories coming out of Wall Street is the S&P 500. […]