Archive for August, 2012


Clint Eastwood Stirs it Up at the RNC

By now, probably everybody and their great aunt have seen the video of 82-year-old actor and American icon Clint Eastwood speaking at the just concluded Republican National Convention in Tampa. His unscripted, sometimes rambling remarks and/or conversation with an empty chair beside the podium (representing President Obama) were widely loved and scorned. Regardless of your […]

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AMA

Before the Income Tax, There Were Tariffs

Like ‘em or hate ‘em, many among the United States electorate assume that the income tax has been with us since roughly 1776, right after we sent the British packing with an ignominious Revolutionary War defeat still ringing in their ears. In reality, both the personal income tax and corporate excise tax were imposed under […]

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AMA

Global Financial Crisis – New Recession for the US

Europe is already in recession. In addition, almost all of the emerging markets too are slowing down. According to professor, Nouriel Roubini, there have been no advancements in the Eurozone. As a result, another banking crisis may hit the Eurozone and also the US. This is supposed to have even greater impact than that of […]

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Romney's Choice of Paul Ryan Lauded by Democrats Too

It’s tough to find anything in Washington both Republicans and Democrats agree on, which is why we find it somewhat amusing that presumptive Republican nominee Mitt Romney’s choice of running mate, Wisconsin representative Paul Ryan also gives the other side of the aisle exactly what they want – a stereotypical conservative target to put in […]

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Defining a Real Estate Bubble

A few years’ ago you could scarcely open a financial newspaper or magazine without running into talk of the housing bubble that was destined to burst. Since then, the bubble has definitely exploded, laying waste to millions of investors and homeowners alike, and now lies like a limp balloon at the bottom of the market, […]

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Europe's Debt Response Under Attack

The outcome of European debt crisis has been such that one fifth of the U.S. exports to Europe have already been consumed. However, it seems that no one is really concerned enough to give it another thought. Under the existing financial scenario, it’s no more a shock that the whole European Union has sailed into […]

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