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Markets Work

For the last several years, there has been an increase in the political rhetoric relative to wages, and more specifically, the national minimum wage of $7.25 per hour, which was last changed in 2008.  However, there has been some movement by state and municipal governments to establish local minimum wage rates at levels well above […]

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Taking the Plunge

A February 4, 2019 article in the Wall Street Journal titled How to Invest When Markets Are Down noted that “If you have a lump sum to in­vest, rather than a small amount each month, you may be bet­ter off in­vest­ing it all at once, mainly be­cause keep­ing it on the side­lines in cash while […]

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“How American Fracking Changes the World”

This is the title of a recent Wall Street Journal article written by Walter Russell Mead.  It is not practical to attempt to summarize Mr. Mead’s comments, but the underlying theme of his position is, “low energy prices enhance U.S. power at the expense of Moscow and Tehran”. We have previously looked at the potential […]

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Bait-and-Switch

In retail sales, as defined by Wikipedia, first, customers are “baited” by merchants advertising products or services at a low price, but when customers visit the store, they discover that the advertised goods are either not available or are not as good as expected, or the customers are pressured by sales people to consider similar, […]

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Is the U.S. Facing a Jobs Crisis?

Recently reported employment data suggests that there are now as many unfilled job openings (6.55 million), as there are unemployed Americans (6.59 million).  This is the narrowest gap, between available jobs and those seeking jobs, in nearly 20 years of record keeping.  At the same time, workforce participation rates remain near record lows. This is […]

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U.S. Small Business Earnings At Record Levels

According to the results of a recent survey from the National Federation of Independent Businesses (NFIB), a lobbying organization that represents small business owners nationwide, small business earnings are at record levels and optimism is also at very high levels. NFIB’s chief economist attributes improving consumer spending, the new tax law and lower regulatory barriers […]

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