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Last week, Rahm Emanuel got some bad news. The Illinois Supreme Court agreed with Cook County judge Rita Novak’s ruling that the Chicago mayor’s scheme to put worker pension plans on a sustainable path was unconstitutional. “These modifications to pension benefits unquestionably diminish the value of the retirement annuities the members of (the city workers […]Read More

While we are sure this will not deter Japanese officialdom from declaring that QQE and NIRP is working and that the deflation-mindset is being beaten, the fact is that when February’s 6.2% collapse in Japanese industrial production is compared to the devastatingly poor plunge aftwer March 2011’s quake, tsusnami, and nuclear ‘event’, something has gone […]Read More

Submitted byMike Krieger via Liberty Blitzkrieg blog, While it might sound strange, a coronation of Hillary Clinton in the Democratic primary will mark the end of the party as we know it. There’s been a lot written about the “Sanders surge,” with much of it revolving around Hillary Clinton’s extreme personal weakness as a candidate. While this is […]Read More

As President Obama explained in his Townhall in Cuba… To make a broader point, so often in the past there’s been a sharp division between left and right, between capitalist and communist or socialist. And especially in the Americas, that’s been a big debate, right? Oh, you know, you’re a capitalist Yankee dog, and oh, […]Read More

Submitted by Paul-Martin Foss via The Mises Institute, If you thought negative interest rates were as bad as it could get with central banks, you might be in for a surprise. Central banks have been so spectacularly unsuccessful with their accommodative monetary policies that they are discussing pulling out all the stops to get the […]

Despite Yellen’s best efforts today to basically dismiss any and all data as irrelevant going forward in The Fed’s decision-making process, we suspect all eyes (and algos) will be firmly glued to this week’s payrolls’ data. Will it be another record month for Obama to crow about? Will Mark Zandi do the “told you so […]Read More

Indications are that the federal probe investigating the possible mishandling of classified materials on Hillary Clinton’s private email server while she served as Secretary of State is winding down.  And so far, neither the FBI nor the prosecutorial staff at the Justice Department has come up with information that point to Hillary or her aides […]

“I am seeing a balloon – it was hijacked and people were inside,” Joshua is seen telling his congregation in an undated video. “But at the end of the day, they were able to rescue the balloon and the people… they will not be able to blow anything”. Joshua then led his members in a […]Read More

On Easter Sunday, I observed a mild drama at the NNPC mega fuel station around the Katampe section of Kubwa expressway Abuja, Nigeria. I had rushed to the station around 11.00 a.m. immediately after church service hoping to buy petrol within an hour but was on the fuel queue for more than two hours. When […]

Minister of Budget and National Planning, Senator Udo Udoma has announced that the Federal Government has promised to reduce poverty in the country to the barest minimum. The minister said government is currently fine-tunning a reform agenda for the social protection sector that will ensure an all-inclusive growth and poverty reduction. This reform according to […]

If you could go back in time and stop yourself from going to law school, would you? If you answered “Hell yes,” you’re not alone. A recent survey shows that most law grads regret going to law school. Why is law school such a universally regrettable mistake? We’ve got some ideas. Law School Regret by […]Read More

Ladies and gentlemen, this is what an out-of-balance Supreme Court looks like. Today, a deadlocked Court issued a one sentence ruling in Friedrichs v. California Teachers Association, an important and highly-anticipated case about agency fees for public employee unions. Perhaps to avoid a similar outcome in a challenge to Obamacare contraception rules, the Court also […]