Friday, January 29, 2015

UNDERCLASS ANYONE? None of the other countries mentioned has anything like our black and illegal immigrants underclasses.  Both are the result of the abject failure of liberal governing policies.

THE DETROIT FIASCO Mostly the result of race riots, bad auto management, and intransigent unions.

WHAT IS A PALESTINIAN? There are a lot of myths surrounding the "Palestinians", most wrong. Turn the country of Israel over to the Palestinians and it would cease to feed itself and eventually the inhabitants would be no better off than those who live in poverty all around them.  It's something in the water and in the Muslim faith.

EXCESSIVE DEBT MEANS SLOW GROWTH Noah in comments makes sense.

THE ANSWER TO COLLEGE COST SPIRAL The first response has an answer that makes sense

529s AND COLLEGE COST CONTAINMENT All government intervention distorts the economy

THE RICH GET RICHER:
Wednesday, January 28, 2015

Charitable Donations to Colleges Reached All-Time High in 2014 ($38 Billion)

By Paul Caron

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Wall Street Journal, Harvard, Stanford Lead Record Year for College Gifts; $37.5 Billion Is 10.8% Jump; Top 10 Schools Bring in 18% of Donations:

Colleges and universities received a record $37.5 billion in donations last year, led by massive gifts to Harvard University, Stanford University and other already-wealthy schools.

The new high, a 10.8% jump from the prior year, was due in part to stock-market increases that boosted capital gifts, as well as a jump in donations of art, according to an annual survey being released Wednesday by the nonprofit Council for Aid to Education. ...

The top 10 recipients brought in nearly 18% of all gifts last year, up from 15% a decade earlier, according to Ann E. Kaplan, who directs the survey.

Inside Higher Ed, Deep-Pocket Donors:

Top Fund-Raisers in 2014

Institution	Raised in 2014
1. Harvard	$1.16 billion
2. Stanford	$929 million
3. USC	$732 million
4. Northwestern	$616 million
5. Johns Hopkins	$615 million
6. Cornell	$546 million
7. Texas	$529 million
8. Pennsylvania	$484 million
9. University of Washington	$478 million
10. Columbia	$470 million
11. NYU	$456 million
12. UC-San Francisco	$445 million
13. Duke	$437 million
14. Michigan	$433 million
15. Yale	$430.31 million
16. UCLA	$430.28 million
17. Chicago	$405 million
18. UC-Berkeley	$390 million
19. MIT	$375 million
20. Indiana	$341 million

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Comments

Well maybe they might consider giving more grants to students rather than students relying on pell grants, Cal grants, student loans and parent plus loans? My daughter goes to $60k yearly Jesuit school, works 30 hours a week, maintains a 3.8 gpa and qualifies for cal/pell grants of $10k but gets a lousy $2200 grant per year from her university. I think it would be nice to give some of that endowment money to struggling students. I know she should go to less expensive California public university but good luck getting in anymore.

Posted by: DeannaG | Jan 29, 2015 6:33:10 PM

"Paying Tuition to a Giant Hedge Fund: Harvard's academic mission is dwarfed by its $30 billion endowment." By Ron Unz
http://www.unz.com/article/paying-tuition-to-a-giant-hedge-fund/

Posted by: Walter Sobchak | Jan 29, 2015 7:31:11 PM

Not to be critical, but with that kind of dough why do they have to charge tuition at all?

Wednesday, January 27, 2015

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Texas, the ‘great American job machine,’ is largely responsible for the +1.2M net US job increase since 2007

Carpe Diem

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The Texas Workforce Commission released state employment data today for the month of December, and job growth in the Lone Star State continues to lead, and in fact carry the nation’s improving labor market as the chart above shows. Here are some highlights of the December employment report for Texas:

1. Texas ended the year with the state’s largest ever year-over-year payroll gain with the eye-popping addition of 457,900 new jobs between December 2013 and December 2014. That’s more than 1,700 new payroll jobs that were added every business day last year in the Lone Star State, and 220 new jobs every business hour or almost 4 new jobs added every minute!

2. In just the last month of December, which marked the 51st consecutive month of employment growth, Texas added 45,700 new payroll jobs, which was more than 2,000 jobs every business day, almost 260 jobs every hour, and more than 4 new jobs every minute! The strong job growth in December brought the state’s jobless rate down to 4.6%, the lowest Texas unemployment rate since May 2008.

3. Total December employment in the Lone Star State reached a new record high of 12.45 million workers (11.783 million nonfarm payroll jobs and another 667,000 self-employed and farm workers), which was above the December 2007 level by 1,444,290 jobs (and by 13.1%), see chart above. In contrast, total employment at the end of the year in the rest of the country (US minus Texas) still remained 275,290 jobs below the pre-recession, December 2007 level (see chart above).

It’s a pretty impressive story of how job creation in just one state – Texas – has made such a significant contribution to the 1.169 million net increase in total US employment (+1,444,290 Texas jobs minus the 275,290 non-Texas job loss) in the seven year period between the start of the Great Recession in December 2007 and December 2014. The other 49 states and the District of Columbia together employ about 275,000 fewer Americans than at the start of the recession seven years ago, while the Lone Star State has added more than 1.25 million payroll jobs and more than 190,000 non-payroll jobs (primarily self-employed and farm workers).

Monday, January 28, 2015

WHY OBAMA HAS FAILED It's not rocket science. Unfortunately the fools who vote for him are sinking us all.

THE TIME HAS COME Ben Franklin made the obvious point

CONFORMITY COMES IN ALL SIZES Maybe they like the sound of their own voices too much

THE FORGOTTEN DEPRESSION Sounds like Grant understands the Austrian economist pretty well

HERE'S A REAL STATEMENT OF MORAL CLARITY
On January 22, 2015 the New York City Council discussed  a resolution that was to be adopted to commemorate the 70th anniversary of the liberation of Auschwitz-Birkenau. "Activists" who were sitting on the balcony of the chamber,  interrupted the session with a loud roar and unfurled a Palestinian flag. David Greenfield (Democrat) then gave a speech that everyone ought to hear

The you-tube clip is in English >>

https://www.youtube.com/watch?v=rpGPzoaNVCU

VERY IMPORTANT LITTLE SPEECH

This is the video that went viral on the Internet in the last few days.   I have heard few who can express themselves with such clarity and purpose.  

 

http://www.youtube.com/embed/n_YQ8560E1w?autoplay=1

Attachments area

Preview YouTube video Elbert Guillory: "Why I Am a Republican"

Elbert Guillory: "Why I Am a Republican"

Friday, January 25, 2015

NEWT HAS MORAL CLARITY Of course he's right, but the elites don't want to hear it. Think John Kerry's gobbledegook explanation of extremism.

A TRUE GIANT AMONG MEN One of a kind with real insights and courage.

Thursday, January 22, 2015

CAN ANYONE REFUTE THESE STATS? Why is the government ever allowed to control the statistics generated by the economy. For sure both Dems and Repubs are incentivized to skew numbers to make them look good and stay in office.  This is wrong.  At the very least there should be an independent auditing function built into the system to control this abuse.

HERE'S A STORY WORTH WATCHING This murder was highly suspicious and unusually timely. Something big going on here.

FOR A RATIONAL MIND AT WORK, READ THIS The words of a true conservative and a rational mind at work.

SAVING FOR HISTORICAL PURPOSES It will be fun to see where this ends up.

THE FACE OF THE DEMOCRAT PARTY This could all happen. And you thought Obama was a bad leader?

HERE'S THE EXPLANATION OF A TRUE BELIEVING KEYNESIAN.

-Paul Krugman, March 11, 2012

What we had in 2008 was a financial panic. When the government allowed Lehman Brothers to fail, suddenly faith in the integrity of the entire financial system tottered, and the entire fragile edifice came crashing down at once. When the anemic 2009 stimulus (barely passed in the face of vehement Republican opposition) provided a floor below which the economy would sink no further, that action was not viewed by many as the correct strategy to prevent further devastation, but perversely, as the action which caused said devastation.*

The huge cuts in state spending, followed by the sequester, resulted in de facto austerity for the US. This was incredibly damaging. The problem was a temporary lack of demand, not a lack of productivity. Although the financial services sector of the economy needed reform, the rest of the economy was quite strong. Instead of a normal recession and recovery, ignorance and political tribalism doomed us to a long Great Recession, and the worst economy since the 1930s.

Macro economics is not kitchen table economics. When everyone in the country cut their spending at once, it endangered everyone else's income.

We needed stimulus spending during the crisis, and fiscal belt-tightening only afterpositive growth was well established. The benefits of that positive growth not only provide a good value for every stimulus dollar spent, it also mitigates the problem of the existing debt (more growth = higher tax receipts). Sacrificing stimulus in favor of austerity only increases the relative size of the debt hole we find ourselves in.

Furthermore, despite quantitative easing, we now find ourselves skirting very close to stagflation. This is due in large part to the desire of people around the globe to park their money in US Treasuries despite the fact that, due to zero bound interest rates, they're actually losing money on our debt. Think about that. We could be using all those no interest loans to be repairing our crumbling infrastructure and creating huge numbers of jobs and stimulating the entire economy. Instead we're throwing it into tax cuts for the wealthy. Those infrastructure projects will need doing someday anyway, and it's utterly inevitable that they will then cost far more than they would have at any time during the past 6 years, when low demand and high capacity in the construction industry would have made such projects an historic bargain.

Now the real question is, why would the same people who have consistently gotten this drastically wrong ever have their ill-formed opinions taken seriously ever again? The answer to that is too depressing to even address here.

* One of the few statements of which it can be said that a broad consensus exists among leading economists is that the 2009 stimulus halted the free fall of the US economy. If you still find yourself arguing this point, well, you just might be a big dumb idiot. Sorry about that. At least you'll have lots of company.

Monday, January 19, 2015

ARMAGEDDON INDEEDLeadership needs to wake up before we're all dead.

THE UNIONS STILL CONTROL CA. He's probably as good as it's going to get in California where the loons are in control.

PROGRESSIVES VS. CONSERVATIVES Progs want perfection immediately; Conservatives know there's no such thing as perfection.

NATURAL RESULT OF PROGRESSIVISM In truth do-gooders never learn

January 12, 2015

BEST CREDIT CARDS AVAILABLE NOWFor how long, who knows.

HE'S GOT IT RIGHTWho doesn't know liberals/progs are raging hypocrites of most subjects but especially freedom of speech