October 10th, 2014
in Op Ed
by EconMatters, EconMatters.com
We Cannot Raise Rates Because...
This is starting to become outright laughable if it wasn't so incompetent and irresponsible interest rate policy, or lack of policy by the Federal Reserve. Forget unemployment, GDP, Structural Economic Issues, Wages, or Inflation now the reason the Federal Reserve cannot raise interest rates from recession era levels is because the dollar is too strong. Talk about drawing the line, moving the line back or forward; now the Federal Reserve is trying to redefine what constitutes a 'line' in the first place.
by Paul Mampilly, Daily Reckoning
I spent all of yesterday reading news reports on the Ebola situation in Dallas, Texas.
I'm deeply concerned about what is going on. Let me explain.
The Centers for Disease Control and Prevention (or CDC, an arm of the U.S. government) is claiming that it is 100% certain of containing Ebola to Dallas.
by Rick Ackerman, Rick's Picks
Netflix has just inked a four-movie deal with Adam Sandler that threatens to shake up the big theater chains by radically altering the way movies are distributed and viewed. It will allow Netflix to produce movies and to stream them directly to customers’ home entertainment centers and computers, completely bypassing exhibit houses. The online Washington Post put this ominous headline on the story: “Why the Adam Sandler deal with Netflix could doom theaters...” Exhibitors, especially big chains like Regal Cinemas, Cinemark and AMC, are understandably upset. But they needn’t be. When they come to their senses, they’ll realize not only that they have the means to compete with online movie producer/distributors such as Netflix , but to do so in a way that promises to usher in a golden era for the film medium itself.
October 8th, 2014
in Op Ed
by Chris Campbell, Daily Reckoning
Abu Usamah Somali, the self-proclaimed "spokesperson of ISIS," is a Somali-Canadian by the name of Farah Mohamed Shirdon.
Shirdon made his debut foray into the public psyche in a video that went viral last April. In the video, he threatened Canada and America and ripped up his Canadian passport and threw it into a fire.