Social Justice, the guilt of our time

There has been a lot of talk about “social justice” in the past several years. It is the “political correctness” of our time. Social justice is just designed to make you feel guilty so that government can utilize that guilt …

Education innovation, but not in America

Education is the lifeblood of our future. We are beginning a long overdue debate on the structure of education in America. It’s too simplistic to simply blame teachers’ unions for the failure of education, but they should shoulder a large …

Unenjoyment

Traders on the floor used to call the first Friday release of Unemployment numbers, “Unenjoyment”. Order fillers were going to fill a lot of business, but were deathly afraid of someone making a mistake that could cost them money-sometimes big …

Figure of the Day-$85

Crude oil, and commodities in general have been on a bit of a tear higher. Oil is up near $85 bucks a barrel. The dollar is stronger, so this isn’t the old weak dollar strong oil play. Generally, as summer …

April Fools Market

First day of the month, first day of the quarter. Many long only funds are still in cash. Cash is starting to accumulate on the balance sheets of companies. I don’t think the stock market sits down despite the best …

You Can Learn a Lot at Congressional Hearings

Listen to this all the way through. I lifted this off Ace of Spades HQ. WOW. At the 1:16 mark this Congressman shows his intellect. I cannot do the commentary on Ace justice. Will not even try. If Peter Pan …

College Loan Takeover, Simple Reasons Why it Won't Work

Underneath the Health Care bill was another government take over. The government took over the loan industry for college. Now, they pull the strings as to who will get money or not. As with most government programs, this one won’t …

Accounting Numbers versus Economic Numbers

Americans are under a severe misconception. They don’t understand the difference between accounting numbers and economic numbers. This works its way through lots of financial decisions. In business, if you use accounting to guide your decision making, the odds are …

Bees, without them we will be on our knees.

The bee population is declining. You chuckle to yourself. But this is a big deal and I have a bee in my bonnet. We need to find out why, and reverse the decline soon. While humans would not be wiped …

Senator Dodd's Banking bill-gets even worse!

We previously commented on Senator Dodd’s banking bill here. As the bill gets read by staffers, more tidbits come out. It always seems to me that when congressman of both parties write a bill, they include things in that bill …

Taxing banks, sounds so good!

There has been a lot of rhetoric lately from Europe, and within the hallowed halls of Congress, advocating a tax on banks to pay for all this TARP and stimulus. Of course, governments have zero culpability with regards to the …

Figure of the Day-4

Four teams remain in the Big Dance.  The chalk will tell you Duke should win it all.  But, my busted up bracket has West Virginia.  How can you not pull for Butler?  They are the Cinderella who still has the …

First, they rounded up the Capitalists

Who is the minority group DemocratsSocialists love to demonize? The rich. In virtually every debate, we hear about the unfairness, and the inconsideration of the wealthy in the US. Looking at who pays taxes in the US, it is the …

Figure of the Day, 4.5 Billion

$4.5B. Lot of dough. All non-cash charges. But still, a lot of cake. That’s how much that companies will write DOWN in earnings with the passage of Obamacare. This is an accounting cost. Accounting costs can make headlines. But the …

Pandering for Votes?

Michelle Obama and family recently visited New York City. They took in a pizza joint like any good Chicagoan would. The first lady declared, “It tastes better than Chicago pizza.” Now, if you are from Chicago, chew on that statement …

Max Baucus spells it out-Joe the Plumber was right

Wow, Senator Max Baucus tells what this health care bill is really about. I never understood why it was up to the government to decide how much money people made. Why the green envy? Ironically, Senators always seem to leave …