My Blog

Category: Business

  • The Rich Are Getting Poorer

    Trouble for those “Tax the Rich!” folks: For the first time in history, rich people are actually getting poorer, and luxury retailers are freaking out about it.  … “Because these same consumers are significantly invested in their high-end lifestyle with income committed to a wide-range of fixed expenses to maintain that lifestyle, it’s in discretionary…

  • Double-Dipping Payments from the “G”

    As many as 117,000 Americans simultaneously collect unemployment benefits and federal disability each year, a form of double-dipping that investigators say costs taxpayers $850 million annually and should be ended. To understand why such “double-dipping” constitutes fraud, please note the following general requirements for each program: To receive unemployment insurance benefit payments, claimants must state…

  • Big Money in Freon Smuggling

    I love stories like this; Government run amok. The chief executive of the century-old company from America’s heartland shifted nervously on the witness stand here as he tried to explain how a trusted senior vice president had been caught on a wiretap buying half a million dollars in smuggled merchandise, much of it from China.…

  • Illinois – 4th Worst Legal Climate for Business

    Illinois, along with California, Louisiana, Mississippi and West Virginia, are among the worst states in the country for businesses because of their legal climates, according to survey of corporate attorneys released Monday. Two Illinois counties did not fare well in the survey by the U.S. Chamber of Commerce’s institute for legal reform, either. Cook County…

  • The Unemployment Farce: Only 42% of People Working

    Worst news ever!! The number of Americans whom the U.S. Department of Labor counted as “not in the civilian labor force” in August hit a record high of 88,921,000.  … In July, there were 155,013,000 in the U.S. civilian labor force. In August that dropped to 154,645,000—meaning that on net 368,000 people simply dropped out…

  • New Govt Laser Reads You At Molecular Level

    The Department of Homeland Security will soon be using a laser at airports that can detect everything about you from over 160-feet away. Gizmodo reports a scanner that could read people at the molecular level has been invented. This laser-based scanner – which can be used 164-feet away — could read everything from a person’s…

  • OxyContin Redesigned: Users Switching to Heroin

    This is a story about how smart people are stupid. In the past, OxyContin was designed to be released into the body’s system slowly, over the course of many hours, meaning each pill contained a large reservoir of oxycodone. Drug users soon discovered by crushing the pills and inhaling them, or dissolving the pills in…

  • New Chemical Makes Teeth ‘Cavity Proof’

    A new chemical could make human teeth ‘cavity proof’ – and do away with the need for visits to the dentists forever. The molecule has been called ‘Keep 32’ – after the 32 teeth in a human mouth. The chemical was designed by dentists in Chile, and wipes out all the bacteria that cause cavities…

  • Eat the Rich vs. Obama

    I was reading this story: President Barack Obama will officially launch the battle over the impending fiscal cliff this morning, announcing a plan to extend the Bush-era tax cuts for people earning under $250,000, while letting the rest of the tax cuts expire. via Business Insider. This got me thinking about how much money will…

  • John Kerry = Inside Trader and Profiteer

    Another oldie but goodie: For years, Kerry has invested millions in a number of green energy companies that have benefitted from the president’s efforts to aggressively subsidize the industry with taxpayer dollars. These companies include Exelon, which received a $646 million taxpayer-guaranteed loan in 2011 to build a solar facility in California and created only…