Franken aims at reform of credit-rating system … What is Democratic Sen. Al Franken's big idea to clean up the credit rating system? Transparency. Franken, a junior senator from Minnesota, criticizes the Securities and Exchange Commission's inaction on a 2010 amendment he sponsored that would have eliminated conflicts of interest in the credit-rating business model. "Our financi...Read More
The IRS Was Dead Right To Scrutinize Tea Party … Lost in the latest political scandal is a simple fact: The Internal Revenue Service was acting in the public interest when it opted to train its auditing power on the Tea Party and affiliated groups. In castigating government as the root of all evil while portraying taxation as a form of tyranny, the Tea Party is no less than a mass celebratio...Read More
According to the economic history books, the one great conference that resolved [global economic] tension – for a quarter century – was "Bretton Woods," a convocation of 44 countries in the White Mountains of New Hampshire less than a month after D-Day and the beginning of the end for the axis powers in World War II. What would the post-war world economy look like? That was t...Read More
'Dreaded' Unwinding Easier Said Than Done … It ought to be the clearest sign yet that the crisis is over. The Wall Street Journal's Fed-Watcher-In-Chief Jon Hilsenrath has told us that the U.S. central bank has 'mapped out' a way to dial back its mighty $85 billion- a-month bond-buying program. We don't yet know precisely how and we don't conference in Chicago, Fr...Read More
If The Economy Will Collapse When The Fed Stops Printing Money Then Lets Keep Printing … Gawker's Hamilton Nolan concludes a discussion of the European Depression with his best Zero Hedge imitation: It's only a matter of time before the Fed stops pumping money into our economy and we deflate along with everyone else and then the demographic retirement bomb hits and we have fewer youn...Read More
Franken aims at reform of credit-rating system … What is Democratic Sen. Al Franken's big idea to clean up the credit rating system? Transparency. Franken, a junior senator from Minnesota, criticizes the Securities and Exchange Commission's inaction on a 2010 amendment he sponsored that would have eliminated conflicts of interest in the credit-rating business model. "Our financi...Read More
The IRS Was Dead Right To Scrutinize Tea Party … Lost in the latest political scandal is a simple fact: The Internal Revenue Service was acting in the public interest when it opted to train its auditing power on the Tea Party and affiliated groups. In castigating government as the root of all evil while portraying taxation as a form of tyranny, the Tea Party is no less than a mass celebratio...Read More
Mises' Answer to Would-Be Conspirators: You Will Lose … Over half a century ago, Ludwig von Mises made a crucial observation. The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between the consumers' views and...Read More
Hayek has become the patron saint of conservative intellectuals – and with good reason. He went head to head with John Maynard Keynes in 1931 in an effort to stop Keynesianism in its tracks. Hayek failed, but his attempt gave him mythical status among thinkers who deplore big government and central management of the economy. Hayek became a conservative hero a second time with publication of...Read More
Cameron and his party conspire to create a European shambles … The Prime Minister's concessions over the EU referendum have eroded his authority … The tragedy for David Cameron is that before this latest farcical episode of The Muppet Show, he had arrived at a perfectly sensible policy … – UK TelegraphDominant Social Theme: We are the Tories and have always stood agains...Read More
Why Has $1 Billion in Gold been Shipped from New York to South Africa? … In what may be the strangest story I have seen in a while related to the gold market, it appears $982 million worth of gold has left JFK international airport in New York to some undisclosed location in South Africa. While it remains unclear what purpose this gold serves, it seems the most likely explanation is to fulfi...Read More
The BoE has upgraded its outlook for growth and expects a faster fall in inflation, Sir Mervyn King said, offering a pleasant "parting gift" in his final inflation report as Governor. The Bank of England may revise up its 2013 growth forecasts today amid signs that the UK economy is turning a corner, as Sir Mervyn King prepares to present his final inflation report as the Bank's gove...Read More
Mises' Answer to Would-Be Conspirators: You Will Lose … Over half a century ago, Ludwig von Mises made a crucial observation. The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between the consumers' views and...Read More
Hayek has become the patron saint of conservative intellectuals – and with good reason. He went head to head with John Maynard Keynes in 1931 in an effort to stop Keynesianism in its tracks. Hayek failed, but his attempt gave him mythical status among thinkers who deplore big government and central management of the economy. Hayek became a conservative hero a second time with publication of...Read More
Cameron and his party conspire to create a European shambles … The Prime Minister's concessions over the EU referendum have eroded his authority … The tragedy for David Cameron is that before this latest farcical episode of The Muppet Show, he had arrived at a perfectly sensible policy … – UK TelegraphDominant Social Theme: We are the Tories and have always stood agains...Read More
Why Has $1 Billion in Gold been Shipped from New York to South Africa? … In what may be the strangest story I have seen in a while related to the gold market, it appears $982 million worth of gold has left JFK international airport in New York to some undisclosed location in South Africa. While it remains unclear what purpose this gold serves, it seems the most likely explanation is to fulfi...Read More
The BoE has upgraded its outlook for growth and expects a faster fall in inflation, Sir Mervyn King said, offering a pleasant "parting gift" in his final inflation report as Governor. The Bank of England may revise up its 2013 growth forecasts today amid signs that the UK economy is turning a corner, as Sir Mervyn King prepares to present his final inflation report as the Bank's gove...Read More
SNNLive caught up with Lawrence Roulston of Resource Opportunities at Cambridge House International's Calgary Resource & Energy Investment Conference 2013. For more information: http://resourceopportunities.com/Read More
Former football star was convicted of armed robbery and kidnapping in 2008.Read More