Home » Entries posted by HughS
Having a Central Bank that issues what is known as a reserve currency has its advantages. It also has its disadvantages when the federal government attached to that bank refuses…
June 5, 2010 | Posted by HughS |
President Obama warned British Petroleum today that paying large dividends to its shareholders during the Deepwater Horizon spill was unacceptable: NEW ORLEANS — President Obama visited the Gulf Coast on…
June 4, 2010 | Posted by HughS |
Great news! Non farm payrolls rose by 431,000 last month. The not so great news: 411,000 of those jobs were census worker temp jobs. While he was stumping in Pittsburgh…
June 4, 2010 | Posted by HughS |
During a visit with the Economic Club of Grand Rapids, Michigan President Bush said this about the water boarding of Khalid Sheikh Mohammed: "Yeah, we water-boarded Khalid Sheikh Mohammed," Bush…
June 3, 2010 | Posted by HughS |
After seventeen months of huge majorities in both Houses of Congress and a fawning press the President went to Pittsburgh today for his much needed fix and launched an attack…
June 2, 2010 | Posted by HughS |
As the Deepwater Horizon blow out continues unabated for a month and one half, the disaster has become what Rush Limbaugh is calling Obama's Bay of Rigs. This may be…
June 1, 2010 | Posted by HughS |
Charles Krauthammer asks rhetorically: Whose blowout is it, anyway? Here's my question: Why are we drilling in 5,000 feet of water in the first place? Many reasons, but this one…
May 30, 2010 | Posted by HughS |
Iowahawk has a piece up that just eviscerates Joe McGinnis and the boatload of journalists (including the likes of Tina Fey) that suffer from Palin Derangement Syndrome . As Kim…
May 29, 2010 | Posted by HughS |
As Shawn mentioned below, the Obama press conference today was literally unbelievable. The "checkers moment" ("daddy, did you plug the hole"?) he tried to insert in the presser came after…
May 27, 2010 | Posted by HughS |
Just when you thought Illinois politics couldn't get any crazier. Politico informs us that Representative Jesse Jackson Jr. has found some sudden respect for Republican Senatorial nominee Mark Kirk in…
May 24, 2010 | Posted by HughS |
It turns out that restructuring the European lifestyle may be much more difficult than many EU members expected. ARIS — Across Western Europe, the "lifestyle superpower," the assumptions and gains…
May 22, 2010 | Posted by HughS |
Perusing the news today, it appears that there is still a serious systemic problem unfolding in the EU that could make the 2008 financial panic look like a picnic. The…
May 21, 2010 | Posted by HughS |
Via our commenter kathie comes this remark by President Obama about the execution and beheading of Wall Street Journal reporter Daniel Pearl. "Obviously, the loss of Daniel Pearl was one…
May 18, 2010 | Posted by HughS |
Clarice at Tom Maguire's blog may have saved some lives tonight with the following advice: Whatever…Let's follow Rush's advice–Don't drink every time an announcer says, "This is not a referendum…
May 18, 2010 | Posted by HughS |
The primary elections in Kentucky, Arkansas, Pennsylvania and Oregon will be fascinating to watch. A few thoughts on the races I find most interesting: Pennsylvania Democratic Senate Primary: Sestak versus…
May 17, 2010 | Posted by HughS |
It is becoming ever clearer that the macroeconomic experiment know as the European Union is coming apart. May 15 (Bloomberg) — The euro fell to its lowest level since the…
May 15, 2010 | Posted by HughS |
Liberal blogger Greg Sargent has an interesting piece out today about Jonathan Alter's new book "The Promise". I haven't read the book but Sargent offers some interesting teasers from Alter's…
May 14, 2010 | Posted by HughS |
The opinion editors at the Washington Post are concerned about the level of polarization in our national politics. This concern seems to pop up every time establishment pols inside the…
May 13, 2010 | Posted by HughS |
The world's largest entity in terms of gross revenue had a bad month in April. The IRS collected only $245 billion dollars in April 2010 compared with collections of $266…
May 12, 2010 | Posted by HughS |
Is the failure of the great Keynesian experiment in public spending and government intervention in national economies about to get some traction in the popular media? In other words, are…
May 10, 2010 | Posted by HughS |
One of the odd things about the European Union and the creation of the Eurodollar was the implicit assumption that all member countries would behave in a fiscally responsible manner…
May 9, 2010 | Posted by HughS |
Utah Republican Senator Robert Bennett was denied a fourth term in the United States Senate today when he failed to overcome objections to his nomination from Tea Party activists, according…
May 8, 2010 | Posted by HughS |
When you live in a boom town it's hard to recognize, much less empathize, with problems in other parts of the country. Economic hardship is one of those elements in…
May 8, 2010 | Posted by HughS |
The cause of yesterday's massive stock market plunge remains a mystery and Congress is preparing to hold hearings to find out ….something. I'm glad Congress is trying to determine what…
May 7, 2010 | Posted by HughS |
Thanks Kevin! The U S financial markets had one hell of a roller coaster ride today. In the short duration of less than one hour the Dow Jones Industrial…
May 6, 2010 | Posted by HughS |
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