World-renowned Objectivist philosopher Ayn Rand speaks in this in-depth interview about how we now live in the “age of envy.” Decades later, it appears the world still lives in it with the Occupy movement, tax-the-rich sentiment and getting something for nothing. It may have been in Milton Friedman’s “Free to Choose” book, but Rand’s comments […]
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Facebook hardly a profitable company compared to other Internet giants
Interesting. Not only is Facebook the purveyor of wasting time, it’s also barely a profitable company compared to others. My colleague Owen Weldon over at DigitalJournal.com posted a short but interesting article regarding the social networking juggernaut’s revenue model. Facebook reported that it made only $64 million in profit on $1.59 billion in revenue. That […]
Study finds 44% of Americans are one financial emergency away from household collapse
Corporation for Enterprise Development released an interesting report this week that highlights how bad households are when it comes to their finances. It concluded that nearly half (44 percent) of American households do not have enough savings and are one financial emergency away from economic disaster. Last year’s report had similar findings. The study was […]
Canada’s household spending on goods, services hits $55,151 average
Statistics Canada published a new study that found the nation’s households spent on average $55,151 on goods and services in 2011, up from 2.7 percent in 2010. The statistics agency said that 27.6 percent accounted for shelter, 20.4 percent was for transportation and 14.1 percent for food. The province of Alberta had the highest rate […]
Texas Governor wants state to return unspent money to taxpayers
Here is a bit of good news for Texas taxpayers and perhaps even taxpayers from around the world. Texas Republican Governor Rick Perry plans to use his State of the State Address to propose amending the Texas Constitution to allow the government to give citizens its money back that is unspent. Perry, who was a […]