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04.25.2022

Cartoon: Mostly Peaceful Takeover

04.25.2022

Twitter might never get a better offer than Elon Musk’s

By David Potter Florida Governor Ron DeSantis recently announced that the State of Florida is exploring legal options against Twitter for an alleged failure to live up to their fiduciary responsibilities to shareholders. Out of 800 million outstanding Twitter shares , the Florida State employees’ pension fund manages 946,960 . DeSantis said that Twitter’s […]

04.18.2022

Mortgage rates shoot up to 5 percent amid high inflation. So, how long will high inflation last?

By Robert Romano 30-year mortgage interest rates shot up to 5 percent on April 14 according to the latest data complied by Freddie Mac, as banks adjust to the new normal of high inflation after 8.5 percent consumer inflation and 11.2 percent producer inflation was reported in March by the Bureau of Labor Statistics the past 12 months. That was […]

04.12.2022

Biden owns 40 year inflation high

By Richard Manning Inflation is raging at an annual rate of 8.5 percent up from 7.9 percent last month.  March’s extremely hot price growth of 1.2 percent pushes the nation’s inflation rate to levels not seen since the first few months of the Reagan administration in May, 1981. […]

04.12.2022

Biden’s Wealth Tax: A Bad Idea that Cannot Be Ignored

By Rick Manning Imagine a world where you were not taxed on how much you earned in a given year, but instead on how much your wealth appreciated. To some this sounds like something straight out of John Lennon’s communist manifesto, also known as the song “Imagine.” […]

04.11.2022

It’s your money, or is it?

The right to private property is laid out in both the Fourth and Fifth amendments to the Constitution.  In the Fourth, individuals are protected from unreasonable search and seizure, and the Fifth protects against the government taking your property without “due process of law” and […]

04.07.2022

59 percent disapprove of Biden economy as inflation continues to rage with recession on horizon

By Robert Romano 59 percent of registered voters disapprove of President Joe Biden’s handling of the U.S. economy in the latest Quinnipiac survey of registered voters conducted March 31 to April. Just 37 percent approve. On April 1, President Biden was touting the latest jobs numbers from the Bureau of Labor […]

04.06.2022

The Freddie Mac Home Price Index skyrocketed by a record 17.8 percent in 2021. Are we in another housing bubble?

By Robert Romano Home values went up an astonishing 17.8 percent in 2021, according to the Freddie Mac Home Price Index , the highest appreciation of housing prices on record, with data going all the way back to 1975. One has to go back to 2004-2005 and 1977-1979 for the last times home values were […]

04.04.2022

After Covid, it’s time for restaurants to sink or swim without more bailouts from Congress

By Robert Romano This week, the House of Representatives will be considering legislation to reauthorize the Restaurant Revitalization fund , which would be increased $70.6 billion from its current level of $28.6 billion. The fund has been exhausted for eight months now and was originally a part of President Joe Biden’s $1.9 trillion stimulus […]

04.04.2022

The personal effects of inflation and how it creates recessions

By David Potter Historically speaking, high inflation—greater than 5 percent—has always preceded many of the  recessions in the United States. The causality follows a simple chain of events. Household budgets for items such as housing, food, and energy are fixed — or at least rigid — for […]

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