Last month, Peregrin Wood noted the many predictions of “economic expert” Jim Rickards that had gone wrong in the past:
“He’s addicted to predicting imminent doom. He’s quoted in an article from October 2014 as predicting that another ‘Great Recession’ is ‘about to strike.’ In September 2013, however, he told a crowd of potential investors […]
The Sharper Image is trying to sell me a small one-room humidifier for $140:
What am I missing? I could spend $140 on this gadget, or buy a $15 teakettle and a $15 pot (and chances are, between you and me, that I already have these in my kitchen. With the teakettle, I could […]
The cost of attending a dinner with Jeb Bush tonight is a $25,000 donation. That’s ten thousand dollars more than a minimum wage worker makes in an entire year. […]
As our writer Jim has documented, the minimum wage in the United States has dropped over the last five years by 75 cents, while the wealth of corporations has skyrocketed, and chief executives are making hundreds of times more than their companies’ average workers are. The facts are plain: Companies are directing the wealth they […]
Over the last five years, the real U.S. minimum wage has dropped 75 cents an hour. This is true even though nominally speaking, from 2009 to 2014 the U.S. minimum wage has remained at $7.25.
The above paragraph may seem paradoxical, but it isn’t. The two statements are resolved by noting the difference between “real […]
Yesterday, U.S. Senator Richard Shelby, a Republican from Alabama, proposed a new amendment to the Constitution of the United States of America.
The constitutional amendment introduced through S.J. Res. 9 would allow the U.S. Congress to pass a budget with deficit spending only if the United States is at war.
The amendment is being […]
Christian literalists warn to be on the lookout for anything that incorporates the number 666, because “666 is the number, or name, of the wild beast with seven heads and ten horns that comes out of the sea.” You may be thinking, “What beast with seven heads and ten horns that comes out of the […]
Next week, Jeb Bush begins a fundraising push in the wood-panneled dining room of the posh Hotel Duval in Tallahassee, Florida, pictured below. Then, he flies off to an evening reception at the home of Henry Kravis, of the multinational private equity firm Kohlberg Kravis Roberts & Company. […]
Number of years that the federal minimum wage has been in decline, accounting for inflation: 6
Number of American workers earning the federal minimum wage or less: 3.3 million
Number of bills before the 114th Congress to raise the federal minimum wage: 1
Number of Congressional cosponsors for legislation to raise the minimum wage: 19
It sounds like an exaggeration, but these are the words that actually came out of the mouth of Republican Congressman Aaron Schock yesterday: “No corporation, however globally well-positioned or integral to our state’s economy, can create or save American jobs given the current administration’s anti-fossil fuel agenda.”
Representative Schock was complaining about regulations designed to […]
Members of the United States Congress are elected to make sure that the government meet the needs of the American people, but some of them have an awfully strange idea of what those needs are. An example of the odd priorities often expressed by members of Congress is H.R. 602, a bill yesterday that will, […]