Markets worldwide are taking a beating on a Black Monday. The Dow Jones started off the day shedding 1,000 points before ending the trading session in the red by more than 500 points (SEE: Stock Market Meltdown – a brief look at Monday’s market openings). Asian stock markets also lost an astronomical amount during the […]
Archives for August 2015
Video: John Stossel on FTC’s odd definition of monopoly
The Federal Trade Commission (FTC) is one of those agencies that must intervene in the market all the time to protect the consumer. Everything from prices (SEE: 3 types of prices the government hates) to business practices, the FTC feels it has to impose itself to prevent businesses from taking advantage of the consumer or […]
So you think you know about car insurance?
Car insurance in North America is a legal requirement for anyone hoping to drive a vehicle in this region. The primary goal of insurance is to ensure that the risk of financial liability, physical damages or the loss of the car is covered. Insurance companies provide car owners an insurance card that specifies the coverage […]
3 types of prices the government hates
The federal and state governments’ regulators and bureaucrats are always on a crusade of justice for the impecunious. They claim they have to regulate the free market to ensure companies aren’t colluding, price-fixing or lowering costs by so much that smaller businesses have to shut their doors because they can’t compete. It’s all in the […]
Black Monday: China wipes out all of 2015’s gains as nearly 2,000 stocks tumble 8.5%
Today has been declared as Black Monday by Chinese, American, British, Canadian and any other investors on the global stage. China wiped out all of this year’s gains as stocks plummeted 8.5 percent Monday. Fears of a major slowdown in the world’s No. 2 economy rattled both domestic and foreign markets (SEE: Stock Market Meltdown […]