Archives for June, 2014

Minimum Wage, Maximum Stupidity

The minimum wage should be the easiest issue to understand for the economically savvy. If the government arbitrarily sets a floor for wages above that set by the market, jobs will be lost. Even the Congressional Budget Office admits that 500,000 jobs would be lost with a $10.10 federal minimum wage. Who knows how high […]

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Thoughts from the Frontline: The New Normal of Healthcare Spending

  A rather interesting shockwave came across the newsfeeds this week. I was actually doing a TV interview when the host announced that GDP was down 2.9% for the first quarter. There was not much else I could do but note that that was a really bad, ugly, terrible, not very good number. But I […]

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Thoughts from the Frontline: The New Normal of Healthcare Spending

  A rather interesting shockwave came across the newsfeeds this week. I was actually doing a TV interview when the host announced that GDP was down 2.9% for the first quarter. There was not much else I could do but note that that was a really bad, ugly, terrible, not very good number. But I […]

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Thomas Edison’s Dream Smashed

The incandescent light bulb was invented in the very early 1800s, but at that time was a device too crude and impractical for mass adoption. Over the next 80 years, at least 20 inventors contributed to its improvement, until, in 1880, Thomas Edison developed and patented a bulb that would last a miraculous 1,200 hours. […]

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A Guy Leans on a Lamppost… and You Make a Buck

To paraphrase Scottish novelist Andrew Lang, some people use statistics like a drunk uses lampposts—for support rather than illumination. Numbers can be twisted and abused to support false claims, and even correct data is sometimes misinterpreted. For example, you may often see claims like “an expert opinion poll showed that inflation next year will be […]

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Outside the Box: The Four Horsemen of the Geopolitical Apocalypse

  Ian Bremmer, NYU professor and head of the geopolitical consulting powerhouse Eurasia Group, consults at the highest levels with both governments and companies because he brings to the table robust geopolitical analysis and a compelling thesis: that we are witnessing “the creative destruction of the old geopolitical order.” We live, as his last book […]

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The Only PGM Stock You Should Buy

It’s quite the dilemma. One of the major reasons my colleagues and I are so bullish on platinum group metals (PGM)—palladium, in particular—is because of the intractable problems with supply. But most of the producers are backed into corners, with few options for improving their outlook. There’s simply no way for these metals to avoid […]

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Things That Make You Go Hmmm: The Slip ‘n’ Fail Mutts

  Now the news has arrived From the Valley of Vail That a Chippendale Mupp has just bitten his tail Which he does every night before shutting his eyes Such nipping sounds silly. But, really, it’s wise. He has no alarm clock. So this is the way He makes sure that he’ll wake at the […]

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Thoughts from the Frontline: Italy: When Hope Is a Strategy

  I came back from Italy this week, and one of my guilty pleasures was being able to sit down and watch the last three episodes, including the season finale, of Game of Thrones. For those readers who are not enthralled with the fantasy epic from HBO or have not read the first five books […]

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5 Women Who Made Me Rich and What They Can Teach You

My grandmother refused to share the heart-wrenching details until I was in the Marine Corps. I’d heard bits and pieces about my ne’er-do-well father but didn’t fully grasp the devastation he’d left behind until Grandmother spilled the story with tears in her eyes: Your father never worked. After you were born he stole all the […]

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