News Story of the Day: it was no secret that famous billionaire investor Warren Buffett was a staunch supporter of Hillary Clinton. He was one of the many to warn about the doom and gloom surrounding a potential Donald Trump presidency. What does he think now? Everything will be just fine. Speaking in an interview […]
Archives for January 2017
Pension Funds Need Gold before It’s Too Late
By Jp Cortez Tens of millions of Americans and their employers pour money into pension plans each month, counting those funds to grow and to be there when needed at retirement. But a time bomb awaits. The bulk of U.S. pension funds are dangerously underfunded, and the assets are often invested in securities that have […]
Oxfam’s Hypocrisy on Private Wealth
By: Mateusz Benedyk Earlier this week, the Oxfam organization published a “report” about global inequality. It’s not really a report, since most of it consists of babble-economics with little empirical foundation, and the hard data that it includes comes from an external source: the Credit Suisse Report. In any case, this data indicates that there is […]
Hypocrisy: Donald Trump’s inauguration vs. Barack Obama’s inauguration (video)
Ah, how eight short years can change people’s minds… In 2008 and 2009, Hollywood and Democrats were telling all of the United States to give Barack Obama a chance, despite his lack of experience. They were essentially telling everyone to be a “servant” to the incoming president (no one should ever be a servant to […]
Hey, Oxfam, global inequality is actually coming down
You may have come across an article or news report about a new study by Oxfam that found eight of the world’s richest people own half of the world’s wealth. This, the researchers conclude, shows that free markets and capitalism need to change in order to combat income inequality. But is this really true? Johan […]