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The truth about the trade imbalance

At no time besides elections does the trade imbalance — the difference between the monetary value of a country’s imports and exports — become such an important yet poorly understood issue. According to recent information compiled by the Census Bureau, the United States’ trade deficit as of June 2016 stands at $39.47 billion, down slightly from a previous level of ...

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Good News? You can now buy airline tickets with monthly payments

Creidt cards

As adamant disciples of a debt-free life, we can’t promote paying for airline tickets at up to 30% interest, but, if you’re just silly enough to do it – here’s how. CheapAir.com has teamed up with financial services company Affirm to allow fliers to take out three, six and 12-month purchase plans to cover their airfare. In an emergency, there ...

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Why in the World Are Taxes Levied on Money Itself?

BY JP Cortez Imagine if you asked a grocery clerk to break a $5 bill, and he charged you a 35 cent tax. Silly, right? After all, you were only exchanging one form of money for another. But try walking to a local precious metals dealer in more than 25 states and exchanging 20 Federal Reserve notes for an ounce ...

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Pay To Play With the Clinton Foundation

Anyone who has distaste for the influence that money buys in politics, should be repulsed by the monetary albatross that follows Hillary Clinton wherever she goes. The albatross is none other than the “charity” of her own making, The Clinton Foundation. Even Hillary supporters now are acknowledging the inherent corruption her family slush fund is facilitating, and calling for its ...

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The effects of American over-regulation on .. itself [charts .. lots of charts]

The cost of U.S. regulations

Regulations have their uses, but has the United States Government gone too far? Restrictions can be protective or destructive depending on their actual effect which is usually much different from the intended effect. The growth of regulatory rules in America over the past few decades comes from a willingness to do anything versus the necessity to do the right thing. ...

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Capitalism Works, If Government Would Just Get Out Of the Way!

A seemingly accelerating trend with many Americans is to look with skepticism and a jaundiced perspective at business, capitalism, and the profit motive. In spite of efforts by some to rewrite history, those of us who are students of history recognize that capitalism made America the economic superpower that it is. And the more we allow government to interfere in ...

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Obama Administration Limits Freedom Again – The DOL Fiduciary Rule

The Obama Administration continues its eight-year assault on the middle-class and lower income citizens. The Department of Labor finalized its recommendations to redefine a “fiduciary” in the retirement income space, and the implications will be significant for restricting investment options and advice for most Americans who need it most. In 1974, Congress passed the Employee Retirement Income Security Act, which ...

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Brexit – A Portent for the EU and Possibly for America

Bigger is rarely better. Especially when it comes to governance. The “bigger” government is, the more detached from the governed it becomes; the more onerous its regulations and taxes become, and it becomes more susceptible to the ideologically motivated cause célèbre of the ruling elite. We have seen that verity over the past several years in America, and apparently the ...

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What’s what in tech – big data finds the winners and losers

Tech trends

Tech startup accelerator, Y Combinator, uses keywords from tech applications to see what sectors are on the rise and what’s getting left behind. Courtesy of: Visual Capitalist Y Combinator breaks the keyword-based research down in a post on the company’s The Macro blog, which discusses many of these trends over the course of years in great detail. Slack, the popular workplace ...

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China vs. The United States – A Tale of Two Economies

china-us-tale-of-two-economies2

Nothing shows data like an infographic and with Republican candidate Donald Trump shining a light on U.S./China trade disparities … here’s just that infographic. Courtesy of: Visual Capitalist

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NYT: Americans not appreciating Obama’s economic achievements

Barack Obama upset

The New York Times is well-known to be little more than a Democrat ‘office of propaganda’ and this week, it’s working to change American’s perceptions of Obama’s “success” in saving the economy. the U.S. economy is in much better shape than the public appreciates, especially when measured against the depths of the financial crisis and the possibility — now rarely ...

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What Americans buy – in real time [chart]

Advanced economies are typically heavily reliant on the domestic consumption of goods and services, and the United States is no exception. This visualization shows U.S. consumption in real-time. https://www.couponbox.com/real-time-consumption/embed/Source: Couponbox.com Lottery tickets, coffee or a book? We buy 10 times in lottery tickets what we do in books. DOOM! Doom I say! Or .. maybe I can have that gold plated ...

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