Jihadist Market Manipulation
While liberal pols’ and journalists’ antagonist in their ongoing demon of the week drama is currently oil speculators, other more insidious market actors could be in action causing deeper and more lasting harm. According to a recent post on the Terror Finance blog by Dr. Rachel Ehrenfeld and Alyssa A. Lappen, the war on Islamic Fascism should also include an understanding of Shari’a finance and | Read More »
Tax The Rich!
Yeah, that will work: Washington is teeing up “the rich” for a big tax hike next year, as a way to make them “pay their fair share.” Well, the latest IRS data have arrived on who paid what share of income taxes in 2006, and it’s going to be hard for the rich to pay any more than they already do. The data show that | Read More »
Watch Your Wallet In The Empire State
If you are a New Yorker and pay taxes, you had better hope that John McCain wins the next election. Because if he doesn’t, your taxes may skyrocket: New York tax filers reporting more than $375,000 a year in earned income may end up paying nearly 60% of their wages in taxes to the government under a Barack Obama presidency, economists who have analyzed his | Read More »
Why can’t we just talk our way out of the energy crisis?
Any market appears fickle to an ordinary capitalist like myself. The mystique of economics and the psychology (pathology?) that drives buy/sell decisions oftentimes confounds us mere mortals. A case in point is the current oil futures price that has seen no news that did not send it soaring to new heights. I’ve pondered on what would crowd such a bandwagon, one that apparently had no | Read More »
Heckuva Job, Chucky
You would think that a U.S. Senator would know enough to carefully calibrate statements when it comes to dealing with extremely sensitive and important issues–not to mention, knowing enough to refrain from leaking statements that might unnecessarily cause panic as people try to grapple with those extremely sensitive and important issues. But when it comes to New York Senator Chuck Schumer, you would be wrong. | Read More »