May 6th, 2014
in Op Ed
by Lee Adler, Wall Street Examiner
Actual, not seasonally adjusted (NSA), nonfarm payrolls rose by 1.15 million in April to a total of 138.3 million. This is better than April's 10 year average gain of 898,000. It also beat the April 2012 gain of 994,000. The annual rate of change was +1.75%, slightly stronger than the the last two months, but right in line with the momentum of the past two years. Not seasonally adjusted data is typically not subject to material revision, unlike the headline, seasonally adjusted impressionistic data, which is revised 7 times over 5 years before finalization.
May 5th, 2014
in Op Ed
By Frank Hollenbeck, Mises.org
There is a current incessant flow of articles warning us of the certain economic calamity if deflation is allowed to show its nose for even the briefest period of time. This ogre of deflation, we are told, must be defeated with the printing presses at all costs. Of course, the real objective of this fear mongering is to enable continued government theft through debasement. Every dollar printed is a government tax on cash balances.
Released Clinton Library Documents Contain Chilling Comment
by Larry Doyle, Sense on Cents
I do not think there is any single piece of legislation in the last 50 years that has had such a profoundly detrimental impact on the American public than the repeal of the Glass-Steagall Act separating commercial and investment banking.
That repeal is certainly not the sole factor that led to the economic crisis of 2008 and the ongoing pain we experience today, but it was certainly critical to the eventual meltdown. There is no great revelation in that assessment.
by Ajay Shah, Anirudh Burman and Arjun Rajagopal, Ajay Shah's Blog
FDI in aviation was liberalised by the Reserve Bank of India on September 21, 2012 through a change in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (link). Following that change, private players began putting together a number of complex transactions between Indian and foreign companies such as Jet-Etihad, AirAsia-Tata, and Tata-Singapore Airlines.
by Rodger Malcolm Mitchell, www.nofica.com
THE GAP actually is a series of income/wealth gaps between the very rich, the rich, the not-so-rich and down the line to the very poor.
Every income/wealth group wants the gaps below them to widen and the gaps above them to narrow. For the very rich, all gaps are below them, so general gap widening is the goal.