Why default is inevitable


We seem to be living in perilous times. Parts of the United States government are shut down because the House and Senate can’t agree to either fund or defund Obamacare, whose rollout this month has been an unmitigated disaster. This impasse now threatens the looming deadline to raise the debt limit before the Treasury supposedly runs out of […]

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The 1%: They’re at it again…


One percent of Americans now earn a greater share of income than at any time since the 1920s, according to this article posted today. The top 1% of income earners, those who earned more than $394,000 last year, accounted for more than 19% of all income reported to the IRS, while the top 10%, or those who earned […]

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Steve Ballmer: In memoriam


Today Microsoft announced that Steve Ballmer will retire from the company within the next 12 months, a move that the market applauded. It is hard to imagine Microsoft without him. Steve has more energy and passion for the business than anyone else on the planet. He’s a consummate salesman who loves his products so much that […]

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