If you’re good at something should you be penalized so others have a chance at success? Should award winning actors and actresses be barred from future Oscar ceremonies to give other men and women the chance to succeed? Success should always be rewarded and encouraged. But what happens when you have a government that wants to even the playing field and take away the spoils of success. Gregory Bresiger finds out…
Detroit’s fate is best summed up by the phrase “Demographics is destiny.” Take a look at the following chart on Detroit’s population growth since 1840. The golden age of the U.S. car manufacturing industry (1930-1980) maintained Detroit’s population consistently above 1.5 million. Fifty years is more than enough time for at least two generations to …
In the ancient world, when people got themselves into debt, they were often forced to sell their daughters into prostitution and their sons into slavery. More about that in a minute… First, a quick look at the financial markets. Looks like gold might have put in a bottom. We figured it would be around $1,100 …
The collective fondness for presidents grows after they leave office for a simple reason. The next occupant of the office is always worse. For instance, George W. Bush’s approval rating is now 49% versus 46% who view him negatively. Absence has certainly made some hearts grow fonder from the post-Katrina, 2008 Wall Street bailout days. …
In the 15th century, the highest standard of living in the world belonged to China. Places like Nanjing had reached the pinnacle of civilization with incredibly modern infrastructure, robust economies, substantial international trade, great health care, and a rising middle class. Across the globe, Europeans were living out short, mud-filled, brutish lives in squalid poverty, …
I am often asked, “How can anyone not see the problems of growing debt in the U.S.? Why can’t we get a consensus to change?” Part of the problem is that too many in power just don’t see the impending crisis that you and I see, or at least they don’t see the need to …