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Fact Check: Did Sean Hyman use the Bible to Predict Best Buy Stocks Sinking to $11 a Share?

Today I received a spam e-mail message linking to the conservative website “NewsMax,” on which the following claim was made:

What the Bible Says About Money (Shocking)

Most people know Sean Hyman from his regular appearances on Fox Business, CNBC, and Bloomberg Television, but what they don’t know is that Sean is a former pastor, […]

In the Last 5 Years, the U.S. Minimum Wage Dropped 75 cents an hour

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 […]

While Corporate Wealth Soars, Food Insecurity for the American Poor Gets No Better

The Dow Jones Industrial Average, a measure of the value of U.S. corporate wealth, has been hitting record highs lately:

But in a news release this month, the U.S. Department of Agriculture reports that the percentage of households with food insecurity remains historically high:

That food insecurity index is made up of a […]

Billionaires Stage “Grassroots” Protest in Pennsylvania

Here’s how “Americans for Prosperity” describes itself on a national scale and in the context of Pennsylvania:

“Americans for Prosperity is a grassroots movement of over 2.3 million activists nation wide who advocate and promote limited government, lower taxes, and more freedom. We have over 117,000 activists across the state of Pennsylvania who are taking […]

Elegance Is An Attitude, Plus A Lot Of Money

Why aren’t you elegant enough?

The Longines luxury watch company has an answer to this haunting question: You have the wrong attitude.

Elegance is an attitude – that’s the tag line from the recent spate of advertisements for the Longines luxury watches.

The suggestion presented by this slogan is that elegance is something that we […]

Does The Obama Budget Really Seize Retirement Accounts?

Do you know anyone who actually has three million dollars invested in a retirement plan? The odds are you don’t – but if you do, consider this millionaire you know. Is this person struggling financially so much that he or she could not reasonably afford to pay the ordinary amount of income taxes? […]

Why Send Rich People To Mars?

Later today, millionaire and space tourist Dennis Tito is set to announce that he and a group of other wealthy people are going to build a private spaceship and fly to Mars. Yes, while the rest of us are struggling to pay bills, and preparing to deal with massive budget cuts to domestic government programs […]

Peter Ackerman Retained Executive Status at Rockport Capital while Running Americans Elect

When the choose-whichever-pro-Wall-Street-candidate-you-want presidential campaign corporation called Americans Elect made its public debut in the summer of 2011, it pledged to the American people that “We don’t promote any issues, ideology, or candidates. None of our funding comes from special interests or lobbyists.” See this snippet from its home page:

Special interest, according to […]

FEC Documents Reveal the Functional Center of Americans Elect: Wall Street Money

Meet the voters of Americans Elect. There are only three of them.

Voter #1: Michael Bloomberg. Voter qualification: $500,000 in Wall Street money. Michael Bloomberg made billions of dollars selling high-priced infrastructure to Wall Street traders, allowing those gain unusually quick access to company information so they could make better trades and make more money […]

As Americans Elect Submerges, watch for the Common Sense Coalition to pop up

The private nominate-a-president corporation called Americans Elect still exists, but its operations have ceased for the time being, sunk by its failure to find enough actual people who agreed with its centrist mission. But the people who funded Americans Elect are still there, they still have an interest in affecting American politics, and they still […]

Higher Education: From a Hand Up to a Slap Down in a Generation

The deal on public university education a generation ago: If you’ve made it in life, that’s great. Chances are you did it with help. So take a portion of your income and pay taxes to help others make the most of themselves through a low-cost public university education. When they succeed, they’ll take a portion […]