Declaration of Independence and flag

Timeline of U.S. Federal Debt Since Independence Day 1776

As we get closer to marking our 237th year of independence, we felt it was a good time to reflect on how debt is woven into our country's fabric. As our Founding Fathers developed the original Thirteen Colonies into the independent United States of America ...

gay marriage would be economic stimulus

Could Legalizing Same-Sex Marriage Boost the Economy?

The hot topic in America is the issue of gay marriage, as the Supreme Court has been asked to rule on the Defense of Marriage Act and on California's marriage amendment. If the court rules that same-sex marriage should be allowed nationwide, this will have an ...

eric holder justice department standards & poors

Justice Department Accuses Standard & Poor’s of Fraud, Passes on Executives

It has been more than five years since those steaming piles of toxic, subprime mortgages were scooped up, cut up and then "structured" into the bundles of seemingly sanitized investment vehicles. Of course, they weren't sanitary at all. Combined, they ...

U.S. Oil drilling rig

Rise in U.S. Oil Production Threatens Global Health

In 1956, M. King Hubbert, a geoscientist working at the Shell research lab in Houston, presented a paper at a meeting of the American Petroleum Institute (API), predicting that oil production in the United States would "peak" sometime between the late 1960s ...

Big banks

Federal Reserve Banker: Time to Cut Megabanks Down to Size

Suppose you are a teenager. Suppose you are a rich teenager and one who is also spoiled and ill-behaved. Suppose you bend the rules continually, stretch the truth and put other people in harm's way. Suppose you cheat your fellows with no compunction and ...

Marijuana is big business

The Economics of Marijuana Legalization

Now that residents of Colorado and Washington voted to legalize and regulate the sale of recreational marijuana for adults over 21, and 18 states and the District of Columbia all sanction the legal distribution of medical marijuana, pot advocates believe a ...

U.S. debt and deficit

What You Should Know about America’s Deficit and Its Debt

Over the next several weeks, there is going to be a lot of chatter about the debt, as the fight to raise or not to raise the debt ceiling will reverberate in the halls of Congress. Another "D" word that will bandied about unmercifully by those in the thick of ...

wind farm

Shifting Winds Bolster the Wind Industry

Here on the landless side of the fiscal cliff, there's nothing but the wind. And as every parachutist and cliff diver knows, the wind can be tricky and unpredictable. Just as easily as a sudden untoward gust can slam one into the mountainside, a light zephyr ...

NRA-Wayne-LaPierre-gun-industry-profits

Firearms Industry Hits the Bull’s-Eye in 2012

So the world didn't end, after all. Whew! Looks like we dodged another bullet. Speaking of bullets, I hope everyone has their holiday shopping done. Just one last thought before the actual holiday (and before the holiday shopping season is complete): If ...

Iceland economy heats up

Iceland’s Economy Heats Up Faster than Most

Four years after the crash, the United States is still limping along in what can best be described as an anemic recovery -- better off than some nations, but not as well as others. One country that seems to have found its way back on track better than most is ...

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