In apportioning blame for the Greek government debt crisis, it would be difficult not to lay the major share on Greece itself. With government jobs paying three times the private sector average, a national rail service with a wage bill four times its annual revenue, a public pension system that would pay out generous benefits at fifty for anyone classified as working in “arduous” professions like hairdressing, there is no shortage of taxpayer-funded largesse running rampant through Greek society. At this point however, dissecting the Greek’s failure to live within their means is not only nugatory — beyond proving the … Continue reading →

Psstt! Hey America! Hey, don’t forget our anniversary! You forgot?! There’s not many shopping days left!! It’s soon going to be the upcoming “Ongoing Holiday Of Revenge Against People We Don’t Know”, aka the 9/11 Anniversary. Strike up the band! Come on everyone, get happy! What kind of gift do you buy the government for an anniversary like this? Tanks? Aircraft? Nuclear weapons? “Ah, dear, you shouldn’t have! How did you know I had my eye on that new intercontinental ballistic missile system! And 10 megaton warheads, how retro! Gee, and it came with a free DVD of ‘The Day After’ … Continue reading →

Fish served on the dinner tables of Tudor England could have been caught more than 2,000 miles away off the coast of North America, research revealed yesterday. DNA tests on the bones of cod provisions stored on Henry VIII’s doomed warship the Mary Rose reveal that some came from as far away as Canada. Demand for fish from the growing urban population forced mariners to seek new supplies further afield – which in turn helped fuel the colonisation of Northern America, the Cambridge University study suggests. The Mary Rose was the flagship of Henry VIII’s fleet when it sank in … Continue reading →

You buy a disposable lighter, use it until the fluid inside is used up – then you throw it away and buy a new one. Hence disposable. Cars are becoming that way. Hell, they already are. Have you priced a replacement automated manual transmission? Emphasis on replacement. These boxes don’t get rebuilt. When they break, they get tossed – and your choice is to spend from $3,200 to $6,700 (see here) on a new automated manual transmission. Or, toss the car. Which becomes the more sensible choice when the car itself is no longer worth more than the cost of … Continue reading →

Gold’s many qualities make it one of the most coveted metals in the world. Not only can it be beautifully shaped and sculpted, the yellow metal also conducts electricity, doesn’t tarnish and is biocompatible (meaning it’s not harmful to our tissue). These qualities make it the metal of choice in a wide variety of industries, including dentistry and medicine, electrical engineering, construction and aerospace manufacturing. Another important use of gold is to help stabilize monetary systems. For centuries, most advanced nations were on the gold standard, which restricted governments from creating a limitless amount of money and running up massive … Continue reading →

Based on the headline from the latest Jobs Friday report you wouldn’t know that we are still mired in an economic emergency—–one apparently so extreme that it might entail moving to the 81st straight month of zero interest rates at next week’s FOMC meeting. After all, the unemployment rate came in smack-dab on the Fed’s full-employment target at 5.1%. But that’s not the half of it. The August unemployment rate was also in the lowest quintile of modern history. That’s right. There have been 535 monthly jobs reports since 1970, yet in only 98 months or 18% of the time did the unemployment rate post at 5.1% or lower. Monthly Unemployment Rate … Continue reading →

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Immigration as a political issue has exploded like a gushing fuel tanker lit up by a flaming road flare.  The conflagration, which began when Donald Trump entered the presidential race on June 16, has badly burned the U.S. establishment whose members are still trying to extinguish it. Intimidation tactics and boycotts not only went nowhere in forcing Trump to back down from his views, they ricocheted right back against his assailants.  Macy’s lost more customers than it gained and Fox News’ August 6 debate ambush of Trump ended up giving the network a black eye and Trump even more popular … Continue reading →

Shortly before the Labor Day weekend, a federal judge in Kentucky ordered the Rowan County clerk incarcerated for violating his orders. Five days later, he released her. The judge found that the clerk, Kim Davis, interfered with the ability of same-sex couples in her county to marry by refusing to issue them applications for marriage licenses. Davis argued that she was following her conscience, which is grounded in a well-known Christian antipathy to same-sex marriages, which, in turn, is protected by the Free Exercise Clause of the First Amendment. Here is the backstory. Davis is the clerk of Rowan County, … Continue reading →