Tag Archive: Business/Finance

A Recovery About Nothing

As you know, there are signs — tentative ones — that our economy is beginning to recover from Great Depression II. It’s about on schedule — I thought we would need about five years to crawl out of the hole we were in. But we had 5% growth in Q3 and unemployment continues to edge down (although the U6 remains high). Projections for 2015 are cautiously optimistic, barring a major war or something (which, with … Read more

The Costs of Austerity

Federal spending has now been flat for several years. Discretionary spending has been cut. Quantitative easing has been ended. According to every Keynesian on the planet, we should be a in a recession right now.

Oops.… Read more

Let Them Drive Electric

I’m not overly fond of the Tesla automobile. It’s publicly-supported rich man’s toy that hasn’t made huge technological strides but likes to pretend it has. And I’m dubious that it will ever be anything other than a curiosity. The last decade has seen big leaps in fuel efficiency in our automobile fleet. Part of this is because people are demanding and buying more efficient cars. A little bit of it is hybrids. And much more … Read more

All Your Channels Belong To Us

Hmmm:

Comcast said Thursday it had agreed to buy Time Warner Cable for $45 billion in a deal that would combine the two biggest cable companies in the United States.

If the deal is approved, the combined group will be the country’s dominant provider of television channels and Internet connections, reaching roughly one in three American homes.

If this deal goes through, Comcast will control one-third of the cable market, dwarfing any other provider … Read more

When Is A Cut Not A Cut?

When it’s a program we like. A couple of Republicans have proposed a change to the budget — eliminating the sequester on the military in exchange for chained CPI for Social Security. It’s not going anywhere, but it does serve to highlight the cognitive dissonance that defines the Left:

Reps. Jim Bridenstine (R-Okla.) and Doug Lamborn (R-Colo.) are introducing the Provide for the Common Defense Act on Tuesday. The legislation would cancel out the

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We Are Big Oil

Interesting:

The United States has overtaken Saudi Arabia to become the world’s biggest oil producer as the jump in output from shale plays has led to the second biggest oil boom in history, according to leading U.S. energy consultancy PIRA.

U.S. output, which includes natural gas liquids and biofuels, has swelled 3.2 million barrels per day (bpd) since 2009, the fastest expansion in production over a four-year period since a surge in Saudi Arabia’s

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The Collapse of Detroit

This went out a week ago, but you really should read this article from the Detroit Free Press about the implosion of the city. Complete with animated graphs, it documents how, especially in the last decade, Detroit was the author of its own decline. Contra Krugman, this didn’t “just happen”. It was made. And the people who made it were Democrats.

A few choice quotes.

The total assessed value of Detroit property — a good

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Benefits of brown energy are yet to come

So says IHS’s report on the economic impact shale which has tallied up the benefits coming from shale oil & gas exploration & extraction.

In their latest report on the economic benefits of the shale revolution, the global research firm IHS makes a number of encouraging findings. IHS estimates that the unconventional oil and gas value chain already supports over two million jobs, is responsible for $1,200 in average additional net income per household and

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New Zealand following Cyprus lead?

While we are constantly getting told by our resident collectivists how well their particular socialist paradises are doing, I must admit I was suprised that one of those paradises is looking to follow in Cyprus’ confiscatory practice to fix their financial woes footsteps:

The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green

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Cyprus Hell

As you may have heard, Cyprus is being bailed out by the EU and the terms are rather striking:

The euro zone agreed on Saturday to hand Cyprus a bailout worth 10 billion euros ($13 billion), but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risk of a wider run on savings.

The eastern Mediterranean island becomes the fifth country after Greece, Ireland, Portugal and Spain to turn

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