Archive for November, 2011

Italy Getting the Boot


Wednesday November 9th, 2011   •   Posted by Craig Eyermann at 8:49am PDT   •   0 Comments

First, it was Greece circling the drain. Today, it’s Italy that’s getting set to enter the national-debt death spiral. Via ZeroHedge (original source misspellings not corrected): Euphoria may have returned briefly courtesy of yet another promise for a resignation that will likely not be effectuated for weeks or months, if at all, and already...
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Generation Jobless


Monday November 7th, 2011   •   Posted by Stephanie Freedman at 2:23pm PDT   •   0 Comments

In the past, there has been a widely held view that if you followed the appropriate career development process, you could generally count on building a fairly successful future. Go to college, get your degree, apply for a job, work hard, and you are well on your way to achieving the American Dream. However,...
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In This Case, Less is NOT More


Friday November 4th, 2011   •   Posted by Stephanie Freedman at 1:52pm PDT   •   0 Comments

Here is a classic commentary written by Senior Fellow Robert Higgs “Why Less Government Spending Would Mean Less Economic Trouble” written June 23, 2010 for the Christian Science Monitor:  Many economists say deficit spending is crucial to keeping the economy moving. But history tells a different story. ————— Though our current economic troubles are complex, many mainstream economists...
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The U.S. National Debt Burden per Capita


Friday November 4th, 2011   •   Posted by Craig Eyermann at 6:39am PDT   •   1 Comment

In 1831, the National Debt Burden per Capita, or rather the ratio of the United States’ national debt per capita and GDP, multiplied by 1 billion), dropped below a value of 3 for the first time in its history [1]. In 2011, the U.S.’ National Debt Burden per Capita has risen above that level....
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Freddie Mac Wants a Bailout of $6 Billion More


Thursday November 3rd, 2011   •   Posted by David Theroux at 10:31pm PDT   •   1 Comment

Shahien Nasiripour reports at The Financial Times in “Freddie Mac seeks further $6bn from taxpayers” that: Freddie Mac, the US-controlled mortgage financier, has requested an additional $6bn from US taxpayers, following a $4.4bn third-quarter loss, the company’s worst three-month performance in more than a year. The home loan group said more homeowners were falling...
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European Central Bank: Draghi Steps into Deeply Entrenched Source of Monetary Evil


Thursday November 3rd, 2011   •   Posted by Emily Skarbek at 7:47am PDT   •   2 Comments

New president Mario Draghi takes the reigns of the ECB, lowering the benchmark rate 25 basis points to 1.25 percent. The move is touted as a step to avert a looming recession and offset the tension caused by the ongoing sovereign debt crisis. Draghi takes office in a climate of extreme uncertainty. Greece is...
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