Treasury Secretary Steven Mnuchin may be rich, have an expensive degree, and have a beautiful wife, but perhaps he doesn’t grasp basic economics. When you have the former, does it really matter? Maybe if you’re in charge of the Treasury Department then yes. Let’s lay down the groundwork first. In January, the average hourly wage […]
Archives for February 2018
Random Friday: market likes ride-sharing, protectionism, Justin Trudeau embarrasses Canada
News Story of the Day: National Rifle Association (NRA) members are law-abiding citizens and have never been the culprit behind the mass shootings. Moreover, the NRA spends roughly $3 million a year on lobbying, compared to the tens of millions of dollars that Amazon, Google, and unions spend on lobbying efforts. The left is now […]
STUDY: Venezuelans lost 24 pounds in 2017, up from 19 pounds in 2016
Interested in shedding a few pounds? Perhaps it’s time to take the socialism diet, skip Meatless Mondays or a vegetarian diet. Last year, a study that found most Venezuelans shed 19 pounds in 2016 rocked headlines (SEE: Study: 75% of Venezuelans lost 19 pounds in 2016, 82% live in poverty). It further noted that for […]
Federal Reserve official sounds the alarm on ‘unsustainable’ U.S. debt
The national debt has topped $20 trillion, and with President Donald Trump’s annual budget deficits to be near $1 trillion for the next few years, U.S. debt will likely surge to $25 trillion (perhaps higher) by the time he leaves the Oval Office. As the Federal Reserve gradually raises interest rates, the federal government will […]
REMINDER: U.S. used bots, phony identities ‘to stir unrest, undermine Cuban government’
Last week, Special Counsel Robert Mueller indicted 13 Russian nationals and three Russian companies. The lead defendant in the indictment was “Internet Research Agency,” which was charged with “conspiracy to defraud the United States, conspiracy to commit wire fraud and bank fraud, and aggravated identity theft.” According to the indictment, some of the defendants posed […]