A decade ago, former Federal Reserve Board Chairman Alan Greenspan and his colleagues on the Federal Open Market Committee were presiding over the lowest interest rates since WWII. The terrorist attack on September of 2001 had spurred the central bank
Home prices rose last month by an average of 10.9%, according to the Case-Shiller index. The good news is that home prices continue to recover from the lows seen in 2009. The bad news is that increasingly frothy conditions in
On Memorial Day we remember the members of the military, both living and departed, for their service to our country. On this day I often think of my Great Grandfather, Richard James Whalen (1846-1903), of Poughkeepsie, New York. Thanks to
Japan’s key equity market indices fell more than 6 percent overnight, the most since the aftermath of the 2011 earthquake. Bloomberg reports that futures trading in Osaka was suspended. “Every Asian market outside Sri Lanka retreated after Federal Reserve Chairman
“I bought gold at $1,400, I buy every month some gold, and I have an order to buy more at $1,300 because I want to keep an allocation towards gold–physical gold–and not stored in the United States at all times.”
It is said that America is a monarchy ruled by a president, while Great Britain is a democracy ruled by a king. There is more than a little truth to this statement. America’s democracy is representative and indirect, a reflection
The Bank of Japan has embarked on a deliberate act of economic warfare, aimed in part against China and the other nations of Asia. The attack is in the form of expansion of Japan’s money supply and the related decline
Most Americans did not notice when President Barack Obama tapped Representative Melvin L. Watt (D-NC) to become the new director of the Federal Housing Finance Agency. Created in 2008 to be an independent “world class regulator” for housing giants Fannie
Interesting article in the New York Times today about how the radical media activist group Free Press is now working with an organization called The Harmony Institute toward the goal of “Adding Punch to Influence Public Opinion.” The way they
There are many battle fronts in the war for human freedom, but perhaps the least-appreciated of these is the battle over America’s communications and media marketplace and whether free markets or government mandates will ultimately rule them. This battle takes
In the battle over media and communications freedom, no group poses a more serious threat to a free and independent press than the insultingly misnamed regulatory activist group Free Press. Along with their founders, the prolific neo-Marxist media theorist Robert
