In 2012, America had the most energy efficient economy in US history. The EIA released new energy data this week showing that the U.S. had the most energy-efficient economy in history last year, based on the amount of energy consumed to produce each real dollar of Gross Domestic Product (GDP). In 2012, it required only 6,990 BTUs of energy (petroleum, natural gas, nuclear and renewables) to produc...Read More
Earth Day and Four Decades of Fear … A vast array of blatherings have accumulated over the years, warning the end is nigh. Earth Day means never having to say "Don't worry." For the environmental Left, the Passover seders may be past, but the plagues are eternal: floods, fires, cyclones, drought, extinctions, pestilence, famines, acid rain, ozone holes, cancer-causing power lin...Read More
$2 Trillion Underground Economy May Be Recovery's Savior … Estimates are that underground activity last year totaled as much as $2 trillion. The growing underground economy may be helping to prevent the real economy from sinking further, according to analysts. The shadow economy is a system composed of those who can't find a full-time or regular job. Workers turn to anything that pay...Read More
RCMP grapples with questions of FBI authority in Canada … In the wake of a dramatic RCMP reveal of two people arrested in Canada in connection with a plot to derail a passenger train, Canadians may have questioned why the United States Department of Homeland Security and the US Federal Bureau of Investigation were involved in the operation. Those who have followed the quiet evolution of Cana...Read More
Euro may only last five years, says senior German government advisor … The euro has a "limited chance of survival" and may only endure another five years, Kai Konrad, one of the German government's closest economic advisers, has claimed. "Europe is important to me. Not the euro," said Dr Konrad. In notably outspoken remarks for a senior German figure, Dr Konrad, chair...Read More
Germany will enter recession, says George Soros … As one of America's most successful investors warns the eurocrisis is far from over, we consider the investment case for Europe. Investors can be forgiven for feeling jittery about the eurozone again, after George Soros, America's most successful investors suggested the economy in Germany could be pulled under by the crisis. …&q...Read More
$2 Trillion Underground Economy May Be Recovery's Savior … Estimates are that underground activity last year totaled as much as $2 trillion. The growing underground economy may be helping to prevent the real economy from sinking further, according to analysts. The shadow economy is a system composed of those who can't find a full-time or regular job. Workers turn to anything that pay...Read More
RCMP grapples with questions of FBI authority in Canada … In the wake of a dramatic RCMP reveal of two people arrested in Canada in connection with a plot to derail a passenger train, Canadians may have questioned why the United States Department of Homeland Security and the US Federal Bureau of Investigation were involved in the operation. Those who have followed the quiet evolution of Cana...Read More
Euro may only last five years, says senior German government advisor … The euro has a "limited chance of survival" and may only endure another five years, Kai Konrad, one of the German government's closest economic advisers, has claimed. "Europe is important to me. Not the euro," said Dr Konrad. In notably outspoken remarks for a senior German figure, Dr Konrad, chair...Read More
Germany will enter recession, says George Soros … As one of America's most successful investors warns the eurocrisis is far from over, we consider the investment case for Europe. Investors can be forgiven for feeling jittery about the eurozone again, after George Soros, America's most successful investors suggested the economy in Germany could be pulled under by the crisis. …&q...Read More
Interview with Denise Herzog, Manager of Environmental Affairs for International Tower Hill Mines, based out of Fairbanks, ...Read More
Interview with Chris Puchner, Chief Geologist for International Tower Hill Mines, in Fairbanks, Alaska.Read More
Overview of International Tower Hill's Livengood Project including location, access, infrastructure and deposit configurations.Read More
Interview with Tom Irwin, Alaska General Manager in Fairbanks for International Tower Hill Mines.Read More
Interview with Keith Malone, Technical Services Manager for Tower Hill Mines Inc., in Fairbanks, Alaska.Read More
Interview with Rick Solie, Community and Government Relations Manager at Tower Hill Mines Inc. in Fairbanks, Alaska.Read More
International Tower Hill Mines (THM) is one of the stocks held by the Texas Retirement System who I mentioned above is looking ...Read More
Everything you 'know' about the Fed is wrong … 5 misconceptions about the effects of QE and monetary policy … Few would still argue against the assertion that the Federal Reserve has been central to the financial stabilization and economic recovery from the 2008 crisis. It fixed the plumbing and are now trying to incentivize animal spirits to pump water through the pipes. The d...Read More
The Economic Argument Is Over — Paul Krugman Has Won … For the past five years, a fierce war of words and policies has been fought in America and other economically challenged countries around the world. On one side were economists and politicians who wanted to increase government spending to offset weakness in the private sector. This "stimulus" spending, economists like Pau...Read More
The Austerity Movement Is Crumbling … The big news in economics last week was the paper by a UMASS Grad Student showing that economists Kenneth Rogoff and Carmen Reinhart had made an Excel spreadsheet blunder in their famous paper arguing that as debt-to-GDP goes above 90%, growth slows dramatically. It's easy and tempting to overstate the influence of Reinhart and Rogoff. Even if they h...Read More