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Haiti -- a year before the earthquake

Haiti -- a year before the earthquake

 

The decision makers in Haiti would benefit tremendously from familiarizing themselves with the economic “blueprint” of Hong Kong. The devastation and loss of life caused by the recent earthquake has cast the international spotlight on Haiti, regarded as the “poorest country in the Western Hemisphere.”

Underneath the debris of Haiti’s collapsed infrastructure is an island nation which has struggled mightily to have a legitimate economic presence within the world community since becoming the first independent Black republic in 1804.

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  • blog traffic exchangeThe Obama Economic Advisory Team - A Scary Group If you want to predict what an inexperienced politician will do when suddenly elevated by voters into a position of vast power and influence, it helps to evaluate the people he has picked to advise him. So it is with President-Elect Barack Obama. Last week Obama held his first press...
  • blog traffic exchangeGlobal Economic Recession: Coming To A Town Near You! Gerald Celente runs The Trends Research Institue and has been analysing economic news and data and predicting trends for over 20 years. He advocated buying gold in 2001 when it was under $300/oz and has been accurate in a lot of his predictions. Right now he's predicting a revisting of......
  • blog traffic exchangeLiquidity Conflict in the U.S. Economy – Spenders vs. Savers The Credit System is on Life Support There was another round of dire warnings issued from Washington yesterday, capped off by a somber speech from President Bush. The fundamental message is consistent: The credit markets are clogged. There is not enough flow of money from lenders to borrowers to support......
  • UBS Hong Kong Open - Day FourUBS Hong Kong Open The end of the PGA Tour season has pushed the golf focus to the European tour, a strong tour that features some of the greatest players in the world. This week in European Tour golf featured the UBS Hong Kong Open, held at the Hong Kong GC in Fanling, Hong......
  • graphThe "Asian Tigers" Revisited: Hong Kong Hong Kong: China's Capitalist Success Story Hong Kong is a paradox. Although it reverted back to Communist China's rule in 1997, Hong Kong has remained the "freest” economy in the world for 15 consecutive years, as ranked by the Index of Economic Freedom. As one of the original Asian Tigers,......
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Shoppers take advantage of bargains on Black Friday

Shoppers take advantage of bargains on Black Friday

Now that Black Friday has come and gone, I wonder whether this novel concept has prompted politicians on Capitol Hill, on the precipice of deciding costly health care reform legislation, to take notice of free market principles in action, and re-think the proposed interventionism imbued within this legislative overhaul of the health insurance industry.

Black Friday in the United States is the Friday after Thanksgiving which marks the beginning of the Christmas shopping season, and for retailers large and small, signifies crossing the threshold of profitability for the year.

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  • insuranceBudgeting for Insurance Many people believe that they are forced to pay whatever it is that their insurance company is telling them to pay. This method of thinking may be true across the board when it comes to insurance policies like health insurance, auto insurance, home insurance and life insurance, but there is......
  • blog traffic exchangeTime for a Closer Look at Long-Term Care Insurance Mr. ToughMoneyLove is looking again at long-term care insurance. So should many of you. I will tell you why in a minute. First, let's deal with a misconception that you may have..... Long-Term Care Insurance is Not Just for the Elderly Before you browse away from this page thinking that......
  • huntergunGuide to Hunting Guns Black powder guns and guns with muzzle loaders are quite different in comparison to the hunting guns that we are making use out of today. Today's guns make use of bullets as well as cartridges instead. The old school black powder guns are loaded up with a type of black......
  • Click Here For The Wall Street JournalCyber Monday Sales Up 15% This Year Cyber Monday is the internet's answer to Black Friday (violence not included). While the day after Christmas is the biggest shopping day of the year, with sale upon sale at brick-and-mortar retailers, Cyber Monday is online retailers' time to shine. According to Marketwatch, preliminary comScore reports state that Cyber Monday......
  • blog traffic exchangeGiving Thought to Long Term Care Guest Post by Clint With economic volatility and uncertainty rippling throughout the country, it’s not surprising that many families are looking for immediate solutions to their problems. But now more than ever, it’s important to consider your family’s long-term health, security and happiness. Providing for long-term care is just as......
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I recently came across this short video clip from the Republican presidential primary debate, which took place at the University of New Hampshire on September 5, 2007. In the debate, 2008 presidential candidate Congressman Ron Paul explains to a panel of Republican candidates, as well as the national audience, why gas prices had more than doubled at that time.

This video reminds me of why I became such a big admirer of Dr. Paul (formerly a practicing physician, whose adherence to limited government and sound money principles has caused many in the media to give him the moniker “Doctor No”) and frankly, why I quickly came to identify as a Libertarian.

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  • grow-upTime for Americans to Grow Up Yes, times are tough. Yes, it causes anxiety. However, we need to be careful how many witch hunts we want to pursue, and even more careful where we place our faith! When times turn tough, and the economy is in a squeeze, it amazes me how many people want someone......
  • Who is our Provider?Who Do You Trust? Why Obamacare Needs to be Repealed With so much debate in the political realm about entitlements, healthcare, fiscal responsibility and the economic crisis, what should be the proper American response? In an arena that is supercharged with opinion and emotion, where should we look for guidance as we formulate answers and plan our actions? As Americans......
  • Obama Barack Rasmussen Reports Aproval Index drops dips below under zero negativeAmericans Awake: Obama Approval Plummets Below Zero Sunday Paper - July 12th, 2009 It is clear now why Obama was so eager to demonize the likes of Rush Limbaugh and Sean Hannity (along with any other dissenting voices). The tactic is right from the pages of Saul Alinsky's Rules for Radicals. 10 days after Obama took office,......
  • blog traffic exchangeAn Interview with Economist Peter Navarro on the Economic Crisis Peter Navarro, Ph.D. is a professor of economics and public policy at the University of California, Irvine, and a regular contributor on CNBC. I first learned about Professor Navarro when I reviewed his audio course Principles of Economics: Business, Banking, Finance, and Your Everyday Life. Later, I discovered that Prof.......
  • blog traffic exchangeAnd That is How a Conference is Rocked! Yesterday I mentioned briefly that I went to the first Finnacial Blogger Conference. I only mentioned a few points because my head simply couldn't organize things. Here are 10 things that I took away from the conference: Write for Readers - This was the big message that J.D. Roth from......
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ron-paulIn a ten minute segment on CNN’s Larry King Live, Congressman Ron Paul (R-TX) was given the program’s nationally televised audience as a platform in order to respond to the allegation that capitalism has failed in America, made by renowned documentary film maker Michael Moore through his latest film, Capitalism: A Love Story.

Congressman Paul, well known as a staunch advocate of free market principles, states rather simply in the interview that capitalism has not failed the American people, as Moore’s movie contends.  Naming instead ”corporatism” as the source of our current economic turmoil, which has resulted in record levels of unemployment since the fall of 2008.

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  • blog traffic exchangeKnowing When Enough is Enough Some people can never have enough. Alternatively, some people are satisfied with just eeking out a living doing what they love. It all depends on your goals, your upbringing, and maybe even your sensitivity to the law of diminishing utility. In other words, asking how much of something (money, time......
  • blog traffic exchangeYou Can't Spend Your Way Out of the Crisis WSJ had an interesting article on New Zealand Prime Minister, John Key. A former foreign-exchange trader, he takes supply-side approach to the global recession. "We don't tell New Zealanders we can stop the global recession, because we can't," says Prime Minister John Key, leaning forward in his armchair at his......
  • Argentina -- A Cautionary Tale of Economic Decline Named by Spanish explorers from the Latin word for silver, even the name "Argentina" alludes to the prospect of great riches. Yet, in many ways, Argentina has turned out to be the opposite. Almost uniquely in the Western hemisphere, Argentina was once considered a developed country and then lost that......
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  • sobriety_testSo Why are Economists Behind the Wheel? You knew that eventually there would be open verbal warfare among experts in economics and finance about how to predict and intervene in a bad economy. This cover story in Business Week describes the battles that are now waging. I think the article is worth reading so here is a...
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I first heard the term “Keynesian” used in describing the economic policies of our government by a panelist on a segment of NBC’s Meet the Press, and after doing some research, I fully agree with this characterization.  As well as former President Richard Nixon’s proclamation that, “We are all Keynesians now.”  But what does that mean exactly?

To understand this term, and the often criticized propensity of the federal government to increase spending during economic downturns, even when running a deficit (referred to as “deficit spending”), a firm grasp of the economic philosophy espoused by John Maynard Keynes from the early 20th century is extremely beneficial.

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  • blog traffic exchangeAdoption Corruption 3) Do ongoing research to understand the cultural/economic/political, etc. 3) Do ongoing research to understand the cultural/economic/political, etc. context in which adoption from these countries takes place. --Work to understand the role of orphanages within these specific cultures. Do orphanages function as boarding schools for the poor, as temporary social safety nets for children whose families intend to continue......
  • blog traffic exchangeWhy Inflation Is Bad When the Fed prints more currency notes (to pay for the war and the interest on all the T-bills we've dumped on the rest of the world) it devalues each existing dollar in circulation. This is an inflation in the money supply and its bad for us in the long......
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Categories : Economics, Politics
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AP - Lawrence O'donnell, frequent contributer on MSNBC

AP - Lawrence O'donnell, frequent contributer on MSNBC

 

The August 7, 2009 episode of MSNBC’s the ED show, in which Lawrence O’Donnell guest hosts and interviews Euro Pacific Capital CEO and free market economist Peter Schiff, is as shameless a display of a program host perpetually interrupting a guest as I have seen since…Chris Matthews interviewing ANYONE who disagrees with increased government involvement in the health insurance industry.

 

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  • economyWhat To Watch On The Economy Throughout The Rest Of 2011 A guest Post from Kevin - I’ve been an econ-junkie now for 3-4 years. Sure I have been into the markets and the economy essentially since I graduated college back in 2005, but since the economic meltdown of 2008, I can’t get enough. I was determined to understand what happened......
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