Economy  (Page 5)

Venezuelan Government Eases Price Controls On Food, Other Essentials

https://youtu.be/JAhQ-9C1VAU
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Posted by  ▪  Saturday, October 15, 2016 at 3:30pm 10/15/2016 at 3:30pm
https://youtu.be/JAhQ-9C1VAU

The economic crisis in Venezuela canaptly be described as a centralized control crisis, a crisis socialist and communist states know and for some reason insist on repeating.  Over and over.  We’ve seen the reports on shortages ranging from toilet paper to food, and rather than risk a revolution that would topple...

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Pension Cuts in Greece Nearly Lead to Riots

https://youtu.be/o0BJOfWpobw
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Posted by  ▪  Tuesday, October 4, 2016 at 7:00am 10/4/2016 at 7:00am
https://youtu.be/o0BJOfWpobw

It looks like putting the left wing Syriza Party in control of Greece hasn’t changed much. The country is still broke, still struggling to make cuts and there is still unrest. In fact, recent pension cuts nearly led to rioting.

The Telegraph UK reports:

Greek police pepper spray protesting pensioners

Greek police on Monday...

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Prager U: Income Inequality is GOOD

https://www.youtube.com/watch?v=1e35Vf-9n8E&feature=youtu.be
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Posted by  ▪  Monday, September 5, 2016 at 4:57pm 9/5/2016 at 4:57pm
https://www.youtube.com/watch?v=1e35Vf-9n8E&feature=youtu.be

What if everything you’ve heard about income inequality is wrong? What if it’s actually a good thing for there to be people who are rich and people who aren’t? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time.

 
 
 

Honey Bees: Collateral Damage in Fight Against Zika

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Posted by  ▪  Sunday, September 4, 2016 at 2:30pm 9/4/2016 at 2:30pm

There is another disturbing report related to the spread of the Zika virus; however, this one doesn’t involve birth defects or neurological problems.

Millions of honey bees were killed after areas of South Carolina were sprayed to kill the mosquitoes that transmit the pathogen.

“On Saturday, it was total energy, millions of bees...

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Polish Official: Brexit May Prompt Other Countries to Leave EU

https://youtu.be/HHPRS-EqGgs
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Posted by  ▪  Sunday, September 4, 2016 at 10:30am 9/4/2016 at 10:30am
https://youtu.be/HHPRS-EqGgs

Brexit has caused quite the kerfuffle among the countries of the European Union (EU), and amid the dire warnings of lasting DOOOM!, the Polish Finance Minister notes that Brexit shows that the EU is not the only option for the nations of Europe.

CNBC reports:

The U.K.’s Brexit vote may have changed attitudes...

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Obama creates world’s largest marine reserve – good for fish, not so good for fishermen

https://youtu.be/dCEvX6zQqbc
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Posted by  ▪  Saturday, August 27, 2016 at 7:00am 8/27/2016 at 7:00am
https://youtu.be/dCEvX6zQqbc

In a move that is being hailed as cementing his conservation legacy, Obama has, with the stroke of his pen, expanded a national marine monument off the coast of Hawaii to over 582,578 square miles.  This move will, however, destroy commercial fishing and potential drilling and mineral collection in a vast...

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Study Shows Raising Minimum Wage in Seattle Did Little to Help Workers

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Posted by  ▪  Sunday, July 31, 2016 at 2:00pm 7/31/2016 at 2:00pm

Minimum wage hikes sound great on the surface, but as we’ve been reporting here at LI, such hikes tend to do the opposite of their proponents’ stated intention.  From forcing businesses to fire employees, cut hours, and find technological replacements for workers, minimum wage hikes are counter-productive, even destructive to...

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Sweden Leads Race to Become a Cashless Society

https://www.theguardian.com/business/2016/jun/04/sweden-cashless-society-cards-phone-apps-leading-europe
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Posted by  ▪  Monday, June 6, 2016 at 10:00am 6/6/2016 at 10:00am
https://www.theguardian.com/business/2016/jun/04/sweden-cashless-society-cards-phone-apps-leading-europe

We’ve been hearing a lot about the movement toward a cashless world, and Sweden now appears to be leading the race to become completely cashless.

The Guardian reports:

“I don’t use cash any more, for anything,” said Louise Henriksson, 26, a teaching assistant. “You just don’t need it. Shops don’t want it; lots...

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U.S. sees lowest number of new jobs added in 6 years

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Posted by  ▪  Sunday, June 5, 2016 at 11:00am 6/5/2016 at 11:00am

I am taking a few moments from my “Crazy California” and science coverage today to hit a topic that will be critically important in November: Jobs.

Yesterday, the media coverage I followed was focused on San...

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Venezuela on the Verge of Collapse

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Posted by  ▪  Saturday, June 4, 2016 at 1:00pm 6/4/2016 at 1:00pm

Most people can do without certain luxuries and conveniences for a significant amount of time. Temporary power and internet outages due to storms are common in many parts of America and people get through it.

Food on the other hand, is a different story. As any student of history can tell you,...

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Wage Hikes Bring Kiosks to Wendy’s

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Posted by  ▪  Thursday, May 12, 2016 at 5:30pm 5/12/2016 at 5:30pm

Being replaced by machines is probably not what the Raise the Wage! crowd had in mind, but here we are. Again.

For almost two years, McDonald’s has been flirting with automated ordering machines, and has introduced the new mechanical overlords to some of its locations.

I blogged about this back in 2014:

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American Economy Expanding at Dismal Rate

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Posted by  ▪  Friday, April 29, 2016 at 8:30am 4/29/2016 at 8:30am

The American economy is off to a horrible start in 2016. GDP grew a measly 0.5 percent in the first quarter of this year. No wonder Democrats want to talk about transgender people and bathrooms.

Bloomberg

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Minimum Wage Hike Kills Popular Upstate NY Eatery

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Posted by  ▪  Wednesday, April 20, 2016 at 7:00am 4/20/2016 at 7:00am

New York’s new minimum wage is being cited as the main reason that a popular Albany restaurant is closing its doors after serving the community for decades.

Mental Recession reports:

Beloved Upstate Restaurant Closes, Cites Minimum Wage Hike As Major Reason

An Albany area fish fry restaurant is closing its doors after nearly 70...

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Obama Cable Box Executive Order — Benevolent tip of lame-duck regulatory iceberg

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Posted by  ▪  Sunday, April 17, 2016 at 5:35pm 4/17/2016 at 5:35pm

Obama signed an Executive Order (EO) on Friday that affects American businesses and the free market (what’s left of it, anyway).

Obama has ordered the FCC to open up set-top cable boxes to competition, and he more broadly ordered executive agencies to search for ways that they can ensure competition among free...

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Saudi Arabia Threatens U. S. Economy If Congress Passes 9/11 Bill

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Posted by  ▪  Sunday, April 17, 2016 at 7:00am 4/17/2016 at 7:00am

Last week, CBS aired a special report on the missing or redacted 28 pages of the 9/11 Commission’s report that might implicate Saudi Arabia in the 9/11 attacks.  In the CBS report, former Senator and former Florida Governor Bob Graham (D-FL) restated his long-held view that these 28 pages should...

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NY phasing in $15 minimum wage

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Posted by  ▪  Saturday, April 2, 2016 at 10:30am 4/2/2016 at 10:30am

The State of New York just passed two significant measures. One is a new family leave policy and the other is a new minimum wage of $15 an hour.

Liberals are pretty stoked about both items. Smaller businesses, particularly in hard-hit upstate NY, not so much. Expect the people intended to...

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Bernie Sanders Insists His Socialist Proposals Are Viable

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Posted by  ▪  Friday, February 26, 2016 at 10:00am 2/26/2016 at 10:00am

Early this week, while most people were focusing on the Nevada GOP caucus, CNN held another Democratic Party town hall event. When Bernie Sanders was confronted about the viability of his proposals, he got a little cranky.

Jack Heretik reports at the Washington Free Beacon:

Bernie Sanders Tries To Defend Viability Of His...

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