Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Free Market

OPEC’s Hegemony is over

This article was first published at The McAlvany Intelligence Advisor on Monday, October 27, 2014:

English: Saudi Arabia

Saudi Arabia

Tim Treadgold, a Forbes contributor who watches the world’s energy markets, decided to break the journalist’s unspoken rule: never forecast the demise of an individual (or an institution) until he is holding the coroner’s report (or bankruptcy judgment) in his hand:

At grave risk of committing [that] cardinal sin … this time it might be different because OPEC is steadily losing control of the oil market….

The irony, he said, was staggering:

Keep Reading…

The Inevitable Demise of the OPEC Cartel

This article first appeared at TheNewAmerican.com on Sunday, October 26, 2014: 

English: Flag of the Organization of Petroleum...

Flag of the Organization of Petroleum Exporting Countries

Following the death of Total SA’s CEO, Christophe de Margerie, on October 20, OPEC sent this letter to the board of the multinational oil and gas company expressing sorrow over the loss:

It is with the deepest regret that the Organization of the Petroleum Exporting Countries (OPEC) learned of the tragic death of Christophe de Margerie, Chairman and Chief Executive Office of French oil major, Total SA, who died when his corporate jet struck a snow plough on a runway at Moscow’s Ynukovo airport late on Monday 20 October.

Missing from the letter was any mention of the demise of OPEC, which has been slowly imploding for years. Recent events have significantly speeded up the process, which

Keep Reading…

China’s Economy Now Number One? Not Quite

This article first appeared at TheNewAmerican.com on Friday, October 10, 2014: 

English: Roadside billboard of Deng Xiaoping a...

English: Roadside billboard of Deng Xiaoping at the entrance of the Lychee Park in Shenzhen (Photo credit: Wikipedia)

Following the announcement by the International Monetary Fund (IMF) that China’s economy has just surpassed that of the United States, headline writers and establishment economists had a field day. According to the Wall Street Journal’s Business Insider, “China Just Overtook the US as the World’s Largest Economy,” while London’s Daily Mail chortled, “America Usurped: China Becomes World’s Largest Economy — Putting USA in Second Place for the First Time in 142 Years.”

A cursory glance at the charts and graphs provided by these worthies shows the size of the U.S. economy at $17.4 trillion by the end of this year compared to China’s, which is predicted to be $17.6 trillion. The IMF estimated that as recently as 2005 China’s economy was less than half that of the United States, and forecast that

Keep Reading…

Truancy Laws Snag 13-year-old Piano Prodigy

This article first appeared at TheNewAmerican.com on Wednesday, September 10, 2014:

It took just one day for the chancellor of the District of Columbia Public Schools (DCPS) to respond to Petula Dvorak’s column in the Washington Post on Monday. Chancellor Kaya Henderson issued a public statement condemning Dvorak’s column for inaccuracies and claiming instead that she was working with Avery Gagliano’s parents to avoid charging the 13-year-old piano prodigy with truancy.

Gagliano was one of just 12 musicians selected from around the world to

Keep Reading…

Common Core Gooses Homeschooling

This article first appeared at The McAlvany Intelligence Advisor on Wednesday, September 10, 2014:

 

A mother and her homeschooled daughter, studyi...

A mother and her homeschooled daughter, studying in the kitchen about household chemicals and the hazard warning labels(flammability, reactivity, etc )http://www.flickr.com/photos/vr/1253261487. (Photo credit: Wikipedia)

This time the headline underreported the news. From the Charlotte NewsObserver came this: “Homeschooling rate Accelerates in North Carolina.” A better headline would have read: “Homeschooling goes Exponential in North Carolina.” In 1985, the year that homeschooling was legalized in the state, there were about 2,300 home-schooled students. Two years ago there were 77,300 home-schooled students, which jumped to 85,900 last year. This year the number is closing in on 100,000, a gain of 27% in just two years. At that rate there will be more than 200,000 homeschooled students in North Carolina in less than five years. That’s exponential, with a vengeance.

It’s not surprising, given the federal pressure to adopt Common Core standards and curricula across the land. The greater the pressure, the greater the desire to opt out. Said Beth Herbert, founder of Lighthouse Christian Homeschool Association, “Common Core is a big factor that I hear people talk about. They’re not happy with the work their kids are coming home with. They decided to take their children home.”

Kelly Swinney, a retired homeschool mom, was much more direct: “Common Core is bad, plain and simple. It’s a one-size-fits-all program and kids just aren’t that way.” The pressure to opt out of Common Core has reached North Carolina’s General Assembly which just voted in July to create a commission to figure out how to do it.

Similar numbers are coming in from Freedom Project Education (FPE), backed by the John Birch Society. In three years the number of students in its K-12 program, based on the Constitution and free market economics, has grown from 22 to more than 700. Alan Scholl, director of FPE, told this writer that he had to turn back 130 additional students who asked to be enrolled after the August deadline had passed. He estimates that his school will have 1,000 students next fall, a gain of 4,500% in three years.

When asked how much of that was due to people trying to escape the clutches of Common Core, Scholl said: “At least half!”

Even before Common Core entered the classroom, parents were increasingly disenchanted with what was going on in their children’s schoolrooms. They didn’t like their school’s environment, the quality of the academic teaching, the curriculum that was increasingly dumbing the kids down while leaving out critical parts of American history, the bullying, the inevitable peer pressure to conform, and the lack of moral or religious instruction. They were tired of hearing how homeschooled students were outperforming their kids in every discipline. According to the Home School Legal Defense Association (HSLDA), the average homeschooled student outperformed his public school peer by between 30 and 38 percent across all subjects. This was confirmed by Education News, which noted that “Homeschooling statistics show that those who are independently educated typically score between the 65th and 89th percentile on the [standardized assessment] exams, while those attending traditional [public] schools average at the 50th percentile.”

And when they hit college, they outperform their peers there as well. As Dr. Michael Cogan of the University of St. Thomas in Minnesota noted in 2010, homeschooled students going to college achieve a higher first-year GPA than their peers, and that advantage is retained all the way through their college experience. In addition they have a higher graduation rate when they complete their studies.

And when they graduate from college, homeschoolers are much more active and involved in their communities, such as coaching a sports team, volunteering at a school, or working with a church or neighborhood association. In addition they are much more likely to be involved in political and civic affairs and vote at a much higher percentage than their peers. According to the National Home Education Research Institute (NHERI): “76% of those surveyed between the ages of 18 and 24 voted within the last five years, compared with only 29% of the corresponding US populace. The numbers are even greater in older age groups, with voting levels not falling below 95%, compared to the high of 53% for the corresponding US populace.”

But it’s the pressure to conform to Common Core standards that have turbocharged the homeschool movement. The Common Core standards came about when Bill and Melinda Gates first began funding their vision for national education standards with their grant to the James B. Hunt Institute. So far the Gates have given more than $27 million as seed money, which led to the development of the Common Core Standards State Initiative and the Council of Chief State School Officers, two Washington, DC-based trade organizations. As noted at the FPE website:

In brief, each of the 50 states has been bribed by the federal government to accept the copyrighted and thus unalterable Common Core standards – even though most Americans have no idea what they entail – by offering those states millions….

To date, 46 states have accepted Common Core money, ceding curricula control to the federal government and taking it away from parents, teachers, and local school boards. Beyond the educational mediocrity the Common Core standards will further enshrine in public schools, there are elaborate plans to use the required national assessments within the Common Core standards as a tool to institute massive data collection about American schoolchildren that has nothing to do with education, and everything to do about government intrusion and control.

Emile Zola put it very well:

If you shut up the truth and bury it under the ground, it will but grow and gather to itself such explosive power that the day it burst through it will blow up everything in its way.

So it is with Common Core and the exponential response from parents who are increasingly aware of the danger and who want to see that their kids get a good education. Coupled with online schooling through the Internet, these concerned parents are increasingly opting out by doing it themselves and teaching their kids at home.

—————————

Sources:

Charlotte NewsObserver: Home schooling rate accelerates in North Carolina

Daily Signal: In One State, More Children Homeschool Than Attend Private Schools. Why That Shouldn’t Shock You.

Home Schooling

Home Schooling in the US

Education News: Number of Homeschoolers Growing Nationwide

The New American: Homeschooling Continues to Grow in Popularity Nationwide

FPE: What is Common Core?

National Home Education Research Institute (NEHRI)

 

Why Aren’t Gas Prices Lower?

This article first appeared at TheNewAmerican.com on Friday, August 29, 2014:

 

English: Took image myself as an example of th...

With gasoline prices averaging, according to the AAA Motor Club, just $3.43 a gallon as of August 28, Clifford Krauss celebrated the “new American oil bonanza” in an article for the New York Times. Unfortunately, Krause is behind the times and only half right. The “new” American oil bonanza is not new, nor is it confined to oil. The first economical natural gas shale fracture was completed in 1998 by George Mitchell’s company, Mitchell Energy, using slick water fracturing. Since then, natural gas from shale has been the fastest growing contributor to total primary energy in the United States, with crude oil extraction from shale right behind.

Happily, Krause got the rest of it right when he noted that

Keep Reading…

Market Basket Workers Win, Restore Beloved “Artie T” as CEO

This article was first published at The McAlvany Intelligence Advisor on Monday, September 1, 2014:

 

English: Fresh produce for sale at the West Si...

The internecine warfare between Arthur T. DeMoulas and his cousin Arthur S. has finally come to an end. Arthur T. will buy out cousin Arthur S.’s 50.5 percent interest in the Market Basket grocery chain for $1.5 billion. The intra-family squabbles had been going on for decades, but hit a low point in June when Arthur S. fired Arthur T. – referred to fondly by his employees as “Artie T” – in June, and replaced him with two joint CEOs. This so outraged upper management and store managers that

Keep Reading…

Market Basket Tells Workers: Return by Friday or You’re Done

This article was first published at TheNewAmerican.com on Wednesday, August 13, 2014:

 

 

Typical Market Basket in Portsmouth, NH.

Market Basket in Portsmouth, NH.

In a carefully worded letter sent to its 25,000 employees on Tuesday, Market Basket’s new co-CEOs Felicia Thornton and James Gooch requested that the workers who have so far been successfully striking the 71-store New England grocery chain cave in and return to work. They should know the workers’ decision by next Monday.

Said the letter:

Keep Reading…

Tennessee Restaurant Welcomes Guns — Holstered “Unless Need Arises”

 This article first appeared at TheNewAmerican.com on Monday, July 21, 2014:  
Colt clone in 45 cal. with Fastdraw Holster

Colt clone in 45 cal. with Fastdraw Holster

When Sharma Floyd, owner of Shiloh Brew and Chew in Maryville, Tennessee, read about a shooting at a convenience store in North Carolina that had posted a sign on its front door banning guns on the premises, she considered it both a warning and an opportunity:

They had put up a sign that said “No Weapons Allowed” and they were robbed at gunpoint two days later. The … store manager was shot.

And that got me thinking.

First, she determined that, while she herself doesn’t own a gun, her customers certainly had a right to do so if they wished. Second, she had lost some business to a large group of motorcyclists “because they thought I didn’t allow weapons. But I believe it’s ok to carry as long as you have a permit.”

Third, she decided how best to make her position clear. She posted the following sign:

 

 

Guns are welcome on premises.

Please keep ALL weapons holstered unless need arises.

In such case, judicious marksmanship is appreciated!

Thank you. Shiloh Management.

Almost immediately she began to get not only positive feedback but also a boost in business:

I can honestly say I have gotten way more support than the one person who really gave me a lot of grief over it.

I have had so many customers take pictures of the sign, ask to meet me in person, and thank me.

Perhaps without knowing it, Floyd borrowed the language for her sign from Shooters Grill in Rifle, Colorado, owned by Lauren Boebert. Boebert posted her sign months earlier, and business grew so much that it caught the attention of the Daily News, USA Today, and Denver’s 9News. Boebert goes one step further: Her waitresses openly carry while on duty, and they’re trained to protect themselves if necessary. When asked if this was just for show, Boebert was firm in her denial: “[The guns are] real and they’re loaded and we know what we are doing. I fear for anyone who tries to rob us.”

She added:

We encourage [carrying] and customers love that they can come here and express their rights.

This country was founded on our freedom. People can come in carrying their gun, and they can pray over their food.

Her establishment even offers gun safety classes once a month for those customers who don’t carry, but want to.

Over the last year a few major chains have been targeted (pun intended!) by anti-gun groups for allowing their customers to carry while shopping, drinking coffee, or eating, with modest success. Target, Starbucks, and Chipotle have each announced that they “respectfully request” that those who carry guns leave their sidearms outside. In each case the language of the announcements was carefully crafted so as to offend as few people as possible. This example from Howard Schultz, CEO of Starbucks, will suffice:

In recent months, Starbucks stores and our partners who work in our stores have been thrust unwillingly into the middle of this debate. That’s why I am writing today with a respectful request that customers no longer bring firearms into our stores or outside seating areas.

In each case it was a “request” and not a “demand,” leaving the option to carry open to their customers, or to shop elsewhere. As noted elsewhere, this is perfectly consistent with all freedoms guaranteed under the Constitution’s Bill of Rights.

Some have started having regrets over making such requests. Just a month ago, Jack in the Box restaurants announced its “preference” that customers leave their firearms outside:

Creating a warm and inviting environment for all of our guests and employees is a top priority for Jack in the Box. The presence of guns inside a restaurant could create an uncomfortable situation for our guests and employees and lead to unintended consequences.

While we respect the rights of all our guests, we would prefer that guests not bring their guns inside our restaurants.

The irony of that request was made clear within days at one of their stores in Houston. Customers and employees were placed into “an uncomfortable situation” with “unintended consequences” when four thugs who didn’t get the memo entered the restaurant with guns drawn and forced the customers and employees to give up their wallets and purses. What’s more, this was the third armed robbery at a Jack in the Box restaurant since the company’s announcement. Perhaps thugs can read, after all?

The vast majority of restaurant chains, however, have decided not to touch the issue, granting local franchisees the power to make a decision in line with state laws. According to CNBC, McDonald’s, Dunkin’ Donuts, Baskin-Robbins, Olive Garden, Red Lobster, and LongHorn Steakhouses remain “gun friendly” in states that allow them to be so. In addition, TGI Friday’s, Subway, and Cheesecake Factory also allow customers to carry concealed if they so desire.

Pro-gun groups are springing up to help gun owners find restaurants that are friendly. There’s the Tennessee Firearms Association (TFA), whose members have canvassed most of western Tennessee and confirmed that Olive Garden, Lonestar, Picasso’s, Chili’s, O’Charley’s, Red Lobster, and Red Robin all are happy to seat gun owners and greet them with a smile.

There’s Brian Crosswhite, the owner of Cajun Experience in Leesburg, Virginia, who has just opened a website — 2Amendment.org — with the intention of having gun-friendly businesses sign up and receive a “2AO – 2014” sticker for their front door. In addition, gun owners are able to use an iPhone app to find local establishments friendly to their interests.

Crosswhite is also taking advantage of the current furor over guns in restaurants by offering his customers an “Open Carry Wednesday” where those with permits get 10-percent off regular menu prices.

Leave it to entrepreneurs to see an advantage and press forward with it. Whether with clever signage, stickers, apps, or just plain word-of-mouth, restaurateurs are taking advantage of the free market to continue to serve their customers. The current debate is only helping things along.

 

Keep Reading…

Texas 7, California Nothing

This article was first published at TheNewAmerican.com on Wednesday, July 9, 2014:

Moving Day.

Moving to Texas from California

One would think the good doctor is running for Congress from Texas, but he’s not. He’s running to boot a hard-left Democrat who’s been representing the 24th District in California for 15 years by touting all the good things Texas has been doing compared to California. In a letter to the Wall Street Journal, Dr. Brad Allen, a pediatric heart surgeon from Paso Robles, wrote:

As a Californian, I am pained to say that three of the nation’s five fastest-growing cities – and seven of the top 15 – are in Texas.

Keep Reading…

Gas Prices Ease as U.S. Oil Production Soars

This article was first published by TheNewAmerican.com on Monday, July 7, 2014: 

English: $4.06 Gas Prices, Lewiston, Maine, Cu...

Despite predictions to the contrary, the price of gas over the July 4 weekend dropped by two cents per gallon, confounding seers who were looking at gas approaching $4 a gallon. Those prognosticators were guilty of “straight-line thinking in a curvilinear world” — meaning that since gas this year was 20 cents a gallon more than a year ago, they believed it would continue to go up steadily for the foreseeable future.

With political disruptions in Iraq and Syria seriously reducing their contributions to the world’s oil supplies, one would think that prices would have to go straight up.

One would be wrong.

On July 4, Bank of America reported that U.S. production of crude oil (along with the liquids separated from natural gas) “surpassed all other countries this year with daily output exceeding 11 million barrels [per day] in the first quarter.” Francisco Blanch, BofA’s head of commodities research, told Bloomberg,

The U.S. increase in supply is a very meaningful chunk of oil. The shale boom is playing a key role in the U.S. recovery [from the Great Recession].

If the U.S. didn’t have this energy supply, prices at the pump would be completely unaffordable.

The nearly exponential growth in oil production, thanks to the free market’s invention and development of fracking technology, has put the United States firmly on the path of energy independence. As we become energy independent, disruptions in the supply chain from the Middle East will matter less and less.

Texas and North Dakota — which Professor Mark Perry calls “Saudi Texas” and “Saudi Dakota” respectively — are now producing almost half of all U.S. oil, and would rank as the fifth largest oil producing country as a separate nation. The growth in production is astonishing, according to Perry:

A decade ago the combined conventional crude oil production in the states of Texas and North Dakota … represented less than 21% of total U.S. crude oil output.

By 2008, the combined crude oil output in the two states … were producing one-third of all U.S. crude oil.

In eight out of the last nine months, their combined share exceeded 47% of all U.S. oil.

Perry predicts that it will exceed 50 percent sometime before the end of the year. And that prediction could come back to embarrass him, if the International Energy Agency (IEA) is correct. The IEA is estimating that total U.S. crude oil production (currently at 8.4 million bpd) will continue to soar, exceeding 13 million barrels per day in less than five years. That 50-percent increase in oil production would mean that the United States could be producing nearly 80 percent of its domestic needs for energy, closing in on energy independence.

In the very short run, gas prices will remain higher than they should be, thanks to the disruptions of supply in the Middle East, but with the continuing success of fracking making shale oil deposits now available with current technology, prices may reasonably be expected to decline further over time. Blanch admitted as much to Bloomberg:

The shale production story [in the United States] is bigger than Iraqi production, but it hasn’t made the impact on prices you would expect.

Typically such a large energy [production] growth should bring prices lower but in fact we’re not seeing that because the whole geopolitical situation outside the U.S. is dreadful.

Those involved in capitalizing on the fracking revolution, however, are taking a much longer view. The annual investment in oil and gas development and production hit a record $200 billion this year, one-fifth “of the country’s total private fixed-structure spending for the first time,” said Blanch.

The explosion in the oil patch is doing much to offset the otherwise nearly stagnant economy. In the last 10 years, direct jobs in the patch have almost doubled, while “indirect” jobs that support the industry have almost tripled in that same time period. As Professor Perry noted: “No other sector … has added as many jobs for American workers or made as much of an overall economic contribution to the US economy as the oil and gas sector.”

Citizens often don’t know how well they have it here. At present the average cost of gasoline is $3.69 a gallon for regular. In Norway it’s an astounding $9.79 a gallon, while in Germany it’s $8.50, and in England a gallon of petrol is $8.25.

The only thing that will keep the price of gas from continuing its two-year decline is government, either through restrictions on energy development or through increased taxation. At present about $2.37 of that $3.69 represents the cost of crude oil. Refining costs are about $.45 a gallon, while distribution, marketing costs, and profits (estimated to be between eight and 15 cents per gallon) cost another $.33 a gallon. Taxes (federal and state) take up the balance: $.42 a gallon. Federal excise taxes are $.184 cents a gallon, while state taxes average about $.24 cents a gallon. If gas continues to drop in response to the natural laws of supply and demand (greater supply means greater demand thanks to the lower price), the temptation to raise state and federal excise taxes will become overwhelming.

In Germany, for instance, half the cost of a gallon of gas is due to taxes. In Great Britain the tax take on a gallon of gas is more than 60 percent. In Sweden it’s even higher.

At present, however, the laws of supply and demand are providing an enormous advantage to American drivers compared to their counterparts abroad. And they continue to confound the experts predicting ever higher prices at the pump as well.

A graduate of Cornell University and a former investment advisor, Bob is a regular contributor to The New American magazine and blogs frequently at www.LightFromTheRight.com, primarily on economics and politics. He can be reached at badelmann@thenewamerican.com This email address is being protected from spambots. You need JavaScript enabled to view it. .

Keep Reading…

More Proof that US Climate Temperature data is being Manipulated

Cover of "The Real Global Warming Disaste...

Writing in his Real Science blog, Steven Goddard explained how he found out that NASA had altered US temperature readings to show a warming trend where none existed: he compared graphs published on NASA’s website in 1999 to those available today. He even set up an animation of the two temperature graphs to show the extent of the fraud.

He went further by exhuming quotes from climate changers who also have changed their opinions, including the infamous James Hansen. In 2003 Hansen authored a paper for the UN’s Framework Convention on Climate Change entitled “Can We Defuse the Global Warming Time Bomb?” in which he concluded that “halting global warming requires urgent, unprecedented international cooperation…” with the clear implication that

Keep Reading…

IMF’s Toolkit Inadequate for Next Housing Bubble, Official Admits

 

Bubbles.

This article was first published at The McAlvany Intelligence Advisor on Monday, June 16, 2014:

Last month, the Financial Times saw what’s coming: Housing prices rose last year at the fastest rate since 1995, setting the stage for the next global bust. Eleven countries they were watching had year-over-year rises in double digits, adding:

Even Germany, known for its stable housing market, is prompting concern, with the Bundesbank warning that valuations are as much as 25 percent too high in [some] big cities.

It admitted great concern that regulators won’t be able to do anything about it, either, just like last time:

Keep Reading…

Chinese Economist at IMF warns of Global Housing Bubble

Board of Governors - International Monetary Fu...

Board of Governors – International Monetary Fund (IMF) (Photo credit: Wikipedia)

The false assumption that regulators can be safely counted upon to steer economies – local, national or global – to full employment with minimal inflation while avoiding booms and busts was unknowingly exposed in the latest yelp from the Deputy Managing Director of the International Monetary Fund (IMF), Zhu Min. In Chinese, his name means “people rule” or “democracy” but his ideology is firmly rooted in the Keynesian fallacy that economies can be successfully managed by experts without assistance or input from the common folk.

In announcing that the IMF has launched a new website, Global Housing Watch, Min delights in thinking that the world’s economy can be driven by looking through the rear view mirror. He said:

Keep Reading…

Eric Cantor Handily Defeated by Virtually Unknown College Professor

Eric Cantor headshot

In a primary election that Paul Rothenberg, a non-partisan political analyst, called “the political version of the San Francisco earthquake,” House Majority Leader Eric Cantor (R-Va.) lost overwhelmingly to obscure economics professor Dave Brat. This is the first time since 1899 that a House Majority Leader has lost his reelection bid in his party’s primary. Despite being outspent by Cantor by more than 25-to-1, Brat breezed to victory on Tuesday, capturing 55 percent of the vote to Cantor’s 44 percent.

Virtually ignored by establishment Republican groups like Club for Growth and Heritage Action, Bart won by basing his campaign on

Keep Reading…

Uber: The Smartphone App That Eats Taxis

 

iPhone apps

iPhone apps (Photo credit: ilamont.com)

This article first appeared at The McAlvany Intelligence Advisor on Wednesday, June 4, 2014:

When software inventor and now venture capitalist Marc Andreessen looked at investing in Uber just after its launch, he said “Uber is the software [app that] eats taxis.” At the end of its fourth year, Uber is not only eating taxis, but providing thousands of new jobs for people every month. Last week Uber’s founder, Travis Kalanick said:

Just four years ago we set out to build a better option for people to move around cities: to make getting a ride safer, easier and affordable.

But Uber’s positive impact goes further. Hundreds of thousands of entrepreneurs are using the platform to build their own small business, resulting in a huge job growth engine….

The first rule to making a startup successful is to determine precisely and exactly who its customers are. With Uber, it’s both the customer needing a lift, and the driver providing it. The service is predicated on a simple premise:

Keep Reading…

Ride-Sharing Revolution Adding Thousands of new jobs Every Month

English: Yellow cabs in Manhattan. Nederlands:...

The ride-sharing revolution continues to accelerate, adding 20,000 new jobs every month, according to the head of Uber, the initiator of the revolution. Said Uber’s CEO Travis Kalanick:

Just four years ago we set out to build a better option for people to move around cities: to make getting a ride safer, easier and affordable.

But Uber’s positive impact goes further. Hundreds of thousands of entrepreneurs are using the platform to build their own small business, resulting in a huge job growth engine…

When economist Mark Perry’s plane arrived at Reagan National Airport late Tuesday night, May 27, it sat on the runway for another hour and a half waiting for a gate to open. When he finally deplaned at 12:30 a.m., he just wanted to get home and go to bed. But so did everyone else:

Keep Reading…

Large Employers face huge fines for not Complying with ObamaCare rules

English: President Barack Obama's signature on...

English: President Barack Obama’s signature on the health insurance reform bill at the White House, March 23, 2010. The President signed the bill with 22 different pens. (Photo credit: Wikipedia)

A just-discovered ruling by a writer at the New York Times earlier this week threatens to upend various employer-sponsored health plans and ultimately cost employees more for coverage they likely won’t be using. The ruling by the Internal Revenue Service back in September negates an option that many employers with more than 50 employees were considering: canceling their plans and just reimbursing their employees with funds to go buy their own coverage on the ObamaCare exchanges.

This option, according to the IRS, would cost employers $100 per day for each employee

Keep Reading…

GM Bailout Cost Taxpayers far more than just $11 Billion

General Motors HydroGen4

General Motors HydroGen4 (Photo credit: Wikipedia)

The Detroit Free Press’ announcement on Wednesday that taxpayers lost more on the General Motors bailout in 2009 than originally thought was brief, to the point, and missed most of the real story behind the GM bailout. Taxpayers lost $11.2 billion following the government’s sale of the last of the stock it held in GM following the company’s government-assisted bankruptcy and restructuring, according to the announcement.

The key quote from a Treasury spokesman, however, was revealing. Said Adam Hodge:

The goal of Treasury’s investment in GM was never to make a profit, but to help save the American auto industry, and by any measure that effort was successful.

Not if one was a bondholder in GM. Not if one believed that

Keep Reading…

Supreme Court lets stand New Mexico Court Ruling in sex Discrimination case

New Mexico Supreme Court

On Monday the Supreme Court declined to hear on appeal the case of Elane Photography v. Willock, giving tacit approval of the ruling by the New Mexico Supreme Court.

In 2006 Elaine Huguenin, co-owner of Elane Photography in Taos, New Mexico, received an email from Vanessa Willock asking her to photograph her upcoming “commitment ceremony” with her same-sex partner, Misti Collinsworth. Huguenin respectfully declined and referred her to another photographer who handled the task. When Willock learned that Huguenin declined because of her Christian beliefs, Willock filed a complaint with the New Mexico Human Rights Commission. It was all downhill from there.

The commission not only

Keep Reading…

Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.