Renewing Limited Government: Spending Limits
We have to renew limited government in the United States, or the entire world will enter a new era of darkness the likes of which no one can foresee. There are at least ten limits we could impose on government (and, in some cases, on what I see as quasi-governmental U.S. institutions) that would have a remarkable turn-around impact on our economy – and on our society. And one of the first, if not THE first, is to limit government spending…Credit Card Processing: Durbin Savings Won’t Reach All Businesses
The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 is set to cap debit interchange fees on October 1, 2011 leading to lower debit processing costs for businesses. However, many merchants won’t see the savings that result from the capped debit charges. Instead, their credit card processor will rake in the dough.How to Find a Job – Changing Your Own Economics
Many are asking how to find jobs these days. If you don’t know how to take action you might feel like it’s an impossible task considering the state of the economy. But the answer of how to find jobs is the same whether we are in a good economy or a bad economy. The key is to think outside the box and take action!Why Do Gulf Coast States Have Lowest Gas Prices?
The gasoline market in America is simply one of the most important markets that controls the prices of goods and services produced in every economic sector. Consumers react to higher gasoline prices by consuming less of it. However, like the air we breathe, gasoline is very much a needed resource for everyday Americans.Will Governments Wait Until Panicked Again Before Acting?
As the downturn worsened severely in 2008, governments around the world waited almost too long, but finally jumped in with massive panicked rescue efforts. It was a close call but global economies were pulled back from the brink of a potential global second Great Depression. Global economies are again facing similar problems, and for the first time since 2008, many stock markets are in worsening bear markets, predicting serious economic problems ahead. Yet governments are again doing nothing.Sweet Music To Soothe The Savage Banker
All together now: “There Will Never Be Another Lehman.” Yesterday’s announcement is proof that, despite years of rhetoric against bank “bailouts” and “too big to fail” institutions, this no-failure rule is still the policy – because the alternatives are simply unacceptable.The Job Growth Dilemma
Yesterday evening, President Obama delivered a speech to a joint session of congress, outlining a new government plan to spur employment. In response to this, US stock futures turned downward.Will China Stop Buying US Debt?
Many people are afraid that China will decrease their purchases or stop purchasing altogether U.S. Treasury Bonds or other U.S. Dollar denominated assets, especially after S&P downgraded the U.S. debt rating. Some can imagine the disgusted Chinese refusing to finance our decadence any longer.Project Rebuild: Government Puts $15 Billion Towards Foreclosure Clean-Up
“Project Rebuild” is a $15 billion initiative that will spur construction and foreclosure cleanup job growth. The White House is predicting Project Rebuild will elevate construction industry job growth by resulting in the rehab of literally hundreds of thousands of homes in communities across the United States.Australian Economy More Than Just Resources
The influence of Australia’s mining industry in both economic and political spheres is undeniable, although its role may be less than many think. While mining output currently accounts for 8.7% of Gross Domestic Product, this percentage has actually come down from the 10% it commanded only a decade ago.IBRD Chief Warns World Economy in Danger
World Bank chief Robert Zoellick warned last week that the global economy is heading into a new “danger zone”, as growth slows and investor confidence weakens. Near record-high food prices and volatile commodity markets are threatening the world’s most vulnerable people, the Horn of Africa being the most affected. The international economy may be on the brink of danger because of huge debts, slow growth and low investors’ confidence, and the IBRD is urging China to accelerate structural reforms.