The U.S. GNP in 2025 had been $30.77 trillion (nominal). Even though that represents a real growth rate of 2.1 percent, according to the U.S...

As evinced by Canada’s prime minister Mark Carney likening a planned referendum on whether Alberta should vote to separate from the rest of ...

Historically speaking, the E.U. and U.S. are relatively large in territorial expanse and population, so it is only to be expected that signi...

Lest history be forgotten, it may come around again to bite us when we least expect it. During the war between the Confederate States and t...

The top 1% of U.S. taxpayers had 19.4% of the total income in 2007 and paid 28.1% of all federal taxes. In 1987, the top 1% had had 11.2% o...

Actions speak louder than words. A tree is known by its fruit. Where your treasure is, therein lies your heart. These three sayings each hav...

After a number of failed attempts over decades to solve a problem, it is natural that the problem itself would barely get mentioned, let al...

Under U.S. law, the corporation is a legal person, whose wealth can constitute political speech protected by the first Amendment. It is n...

A company in the U.S. wants a tax loophole to apply. Starbucks , for example, wanted to be able to use the manufacturing deduction by str...

In 2011, President Obama proposed "to ride to the rescue of states" that had borrowed billions of dollars from the federal govern...

Government ownership and control of a means of production is the standard definition of socialism   even if some linguistic revisionists w...

On a call with another of the company’s traders when a wildfire in California was putting some electric wires at risk, an energy-desk trad...

What is that nebulous thing called politics? Might it be that the practice is essentially exploiting or creating what are known as princi...

As the U.S. economy slogged through a recession following the credit crisis in 2008 and the E.U. was weighed down by the ballast of auste...

Size matters, at least in the business world. Richard Fuld, the last CEO and Chairman of Lehman Brothers, overextended "his" ba...

In 2012, the corporate income tax rate was reduced from 26% to 24 percent. With the comparable rate in Germany at 29% and France at 33 pe...

Chronic government fiscal deficits, and thus debt, may suggest that a people is not up to self-governance. Moreover, the imbalance may be a...

In what could be dubbed a tale of two states, Scott Walker of Wisconsin bragged about bringing the budget into balance without raising taxe...

Under the terms of the debt-ceiling budget agreement enacted during the summer in 2011, members of a joint Congressional committee, evenly ...

The nonpartisan Congressional Budget Office (CBO) announced on January 26, 2011 that the U.S. Government’s budget deficit for the year wou...