This article appeared online at TheNewAmerican.com on Monday, January 23, 2017:
State Seal of South Dakota.
The American Legislative Exchange Council (ALEC) just released its latest Rich States, Poor States study showing how states measure up in economic performance based on three variables, and then ranking them in a forecast based on 15 variables. Its conclusion is the same this year as in the past:
This article appeared online at TheNewAmerican.com on Monday, January 23, 2017:
Speaking at a meeting at company headquarters in Taiwan on Sunday, Foxconn CEO Terry Gou (shown, on left) expanded on his company’s plans to build a $7 billion flat-panel display facility in Pennsylvania. He said the factory could employ between 30,000 and 50,000 people, depending on what kind of deal he could strike with state officials.
Those plans were inadvertently disclosed following a meeting in December between Donald Trump and Softbank CEO Masayoshi Son. A photo revealed a clipboard Son was carrying that clearly said:
This article appeared online at TheNewAmerican.com on Monday, January 23, 2017:
Venezuela’s Marxist dictator, Nicolas Maduro (shown), fired the head of his country’s central bank on Friday. Without fanfare or any public statement from either Maduro or his banker, Nelson Merentes, the firing is the latest move by the president to place the blame for the collapse of his country anywhere but where it belongs: on his socialist policies.
For months The New American has tracked the retrogression of a country which was once one of the leading economies in South America to a banana republic where people are starving, sick people are dying for lack of care, and a black market has replaced a once-thriving free economy. Last June, the New York Times was finally forced to admit the cause:
This article was published by The McAlvany Intelligence Advisor on Monday, January 23, 2017:
George Santayana most famously said: “Those who cannot learn from history are doomed to repeat it.” But he wasn’t the only one. Aldous Huxley put it this way: “That men do not learn very much the lessons of history is the most important of all the lessons of history.” Said Samuel Taylor Coleridge: “If men could learn from history, what lessons it might teach us! But passion and party blind our eyes, and the light which experience gives us is a lantern on the stern which shines only on the waves behind.”
There’s a lesson being taught to the hapless and now helpless citizens (shown above) of Venezuela. It’s a lesson so often taught but not learned that one may, with great confidence, predict the final outcome.
On Friday Venezuela’s Marxist dictator, Nicolas Maduro, fired his banker,
This article appeared online at TheNewAmerican.com on Friday, January 20, 2017:
Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) headquarters in Washington, D.C.
In re-introducing the ATF Elimination Act on Thursday, January 12, Representative Jim Sensenbrenner (R-Wis.) explained one of the primary reasons why: “The ATF is a scandal-ridden, largely duplicative agency that has been branded by failure and lacks a clear mission. It is plagued by backlogs, funding gaps, hiring challenges, and a lack of leadership.”
Not once did he explain the real reason the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF for short) should be eliminated:
This article was published at The McAlvany Intelligence Advisor on Friday, January 20, 2017:
Speculation abounds. George Soros (shown) turned 86 last August, and the clock is ticking. He lost $1 billion betting against Trump in November, but still has $25 billion left. When he meets his Maker (likely for the first time), who will drive the billionaire’s Wells Fargo wagon?
Out of his five kids, two are heirs apparent:
This article appeared online at TheNewAmerican.com on Friday, January 20, 2017:
President Barack Obama’s signature on the health insurance reform bill at the White House, March 23, 2010.
If one asks Joe Hoft, a corporate executive with a Fortune 300 company based in Hong Kong about President Obama’s economic policies during his eight years as president, he will note that Obama “currently ranks as the fourth worst president on record in GDP growth.” At just 1.45 percent average annual GDP growth over those eight years, only Herbert Hoover (minus 5.65 percent), Andrew Johnson (minus .7 percent) and Theodore Roosevelt (1.4 percent) have worse records. However, “Barack Obama will be the only U.S. president in history who did not deliver a single year of 3.0 or better percent growth.”
Hoft will remind us that
This article appeared online at TheNewAmerican.com on Thursday, January 19, 2017:
Alexander Soros
According to Media Research Center (MRC,) Alexander Soros (shown), one of billionaire George Soros’ five children, opened his father’s checkbook and gave more than $4.5 million to various Democratic campaign and political action committees last year. Between August and November the Soros scion wrote four checks to Senator Harry Reid’s Senate Majority PAC totaling $3.5 million. The other checks went to the Democratic Senatorial Campaign Committee, the Democratic National Committee Services Corporation, and other left-wing groups and politicians.
Although it’s George’s money, Alexander is making the decisions on a major part of his father’s estimated $25 billion. And it appears to be part of a plan to move Alexander into the driver’s seat when his father, age 86, passes from the scene. Dan Gainer, the MRC vice president who tracks the numbers, told the Washington Times: “Alexander Soros is following in both his father’s and brother’s footsteps — going left.” He added:
This article appeared online at TheNewAmerican.com on Wednesday, January 18, 2017:
Montage of Davos photographs
Speaking at the elites’ conference in Davos earlier this week, Saudi Arabia’s oil minister, Khalid al-Falih, erred when he said that U.S. oil shale producers weren’t a threat to OPEC’s plans to raise crude oil prices by cutting its production. He said that U.S. oil producers “will find they need higher prices” because existing fields (Permian, Bakken, etc.) are being exhausted, and because the costs of lifting new production are going up, thanks to U.S. “inflation on [in] the cost of doing business.”
The minister then engaged in straight-line thinking in a variable world and predicted that
This article appeared online at TheNewAmerican.com on Wednesday, January 18, 2017:
Chris Krueger, an equity analyst who covers the gun industry, is in Las Vegas this week for the National Shooting Sports Federation’s 39th annual Shooting, Hunting and Outdoor Trade [SHOT] Show. He’s bringing with him the perception that the boom enjoyed by the firearms industry over the last two years is over. He told reporters for The Trace, the Bloomberg-funded anti-gun magazine, “It’s a very uncertain environment right now” and that he’ll be looking for evidence of that uncertainty in Las Vegas this week.
At first blush, he might be expected to find some. After all,
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