(From an e-mail I received) Let me see if I got this right: – If you cross the North Korean border illegally you get 12 years hard labor. – If you cross the Iranian border illegally you get detained indefinitely. – If you cross the Afghan border illegally, you get shot. – If you cross Read the full article…
Despite the best efforts of our government, interest rates in the US are going to rise. The US has the largest peacetime deficit and debt/GDP ration in our history. In 2015 entitlements and interest payments will make up 71% of government expenditures. The government can’t cut spending and must change entitlements. The current government is Read the full article…
Too big to fail is a new phrase that was introduced last year. AIG was too big to fail. GM and Chrysler were too big to fail. Bear Sterns was not. Lehman Bros. was not. Merrill Lynch and Morgan Stanley were not. The formula for deciding what constitutes where the line is drawn is hazy. Read the full article…
