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: Small Business

Like a Zombie, the Export-Import Bank is Threatening to Come Back to Life

This article was published by The McAlvany Intelligence Advisor on Wednesday, September 9, 2015:  

The movie White Zombie, a horror film in 1932 starring Bela Lugosi, featured zombies as mindless, unthinking henchmen under the spell of an evil magician. The Export-Import Bank doesn’t quite fit the definition, but it’s close.

Crafted by socialists surrounding FDR in 1934 and given life by an executive order, Ex-Im was granted permanent status as an agency in 1945. It has been repeatedly, endlessly, mindlessly resurrected almost 20 times since then, until the end of June.

Since then pressure has been building among its crony beneficiaries

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Trickle of Companies Leaving Illinois Turning Into a Flood

This article appeared online at TheNewAmerican.com on Friday, August 14, 2015:  

On Thursday, Hoist Liftruck’s announcement that it was moving more than 500 manufacturing jobs to Indiana was just the latest in a long and almost fevered list of other companies seeking to escape Illinois’ outrageous workers compensation costs and high taxes.

On July 14 machine-maker DE-STA-CO said it was moving 100 jobs to Tennessee. The next day energy processor Bunge North America said it was shutting down its plant in Bradley, Illinois, and laying off 210 workers. The day after that General Mills pulled the plug

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Seattle Progressives Prove Certain Economic Laws Cannot Be Repealed

This article was published at The McAlvany Intelligence Advisor on Friday, August 14, 2015:  

Peter, Paul & Mary

By changing the meaning of the word “flowers” to “businesses,” the lyrics from Peter, Paul & Mary’s anti-war song applies perfectly to the new Seattle under its new minimum wage mandates: Where have all the businesses gone?

Where have all the flowers gone, long time passing?”
Where have all the flowers gone, long time ago?
Where have all the flowers gone?
Young girls have picked them everyone.
Oh, when will they ever learn?
Oh, when will they ever learn?

And when will Mayor Ed Murray and his gaggle of progressives who unanimously passed the anti-business, anti-employment minimum wage law last summer ever learn: you cannot fool Mother Nature, and you cannot repeal economic laws.

In Murray’s case the economic law still to be learned is:

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Export-Import Bank’s Charter Expires, for the Moment

This article appeared online at TheNewAmerican.com on Wednesday, July 1, 2015: 

English: Export-Import Bank of the United Stat...

Visitors to the Export-Import Bank’s website on Wednesday would have found a terse notice that its charter had “lapsed” effective midnight, June 30, meaning that “the Bank and any of its delegated authority lenders cannot authorize any new transactions.” However, the bank is likely to have a very long life even after its death:

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Pushback Against Supremes’ Same-sex “Marriage” Ruling Begins

This article appeared online at TheNewAmerican.com on Monday, June 29, 2015: 

No doubt anticipating what was coming in the Supreme Court’s ruling in Obergefell v. Hodges on Friday, Senator Mike Lee (R-Utah) and Representative Raul Labrador (R-Idaho) introduced bills a week earlier to keep the federal government from discriminating against individuals and groups exercising what is now left of their First Amendment rights. Called the First Amendment Defense Act, Lee asked rhetorically:

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Kansas Considers Tax Increases Just as Its Economy Revives

This article appeared online at TheNewAmerican.com on Friday, June 12, 2015:

English: Aerial view of Kansas City, Kansas, l...

Aerial view of Kansas City, Kansas, looking southwest. The Kansas River (right-center) joins the Missouri River (left). A small piece of Kansas City, Missouri is visible on the left of the Missouri River.


Kansas House members debated until midnight Thursday whether to raise sales and cigarette taxes in order to close the state’s budget deficit. The House had just resoundingly defeated a previous measure that would have raised those taxes even more, but the state is facing a deadline to balance its budget, required under its constitution.

There’s a roughly $400-million shortfall this year, which is estimated to increase for the next several years.

Left-wing pundits have had a field day taking Governor Sam Brownback to task for calling his massive tax cuts enacted in 2012 an “experiment,” a “shot of adrenalin,” and similar to Ronald Reagan’s experiment based on the Laffer Curve: Reducing tax rates will increase tax revenues as the economy grows.

Paul Rosenberg, senior editor of Random Lengths News, a tiny weekly newspaper operating out of Long Beach, California, is a good example. His paper describes itself as an “independent progressive newspaper” with a readership of 63,000 that “is proud of the support from the Harbor Area labor unions, who allow us exclusive distribution inside most of their union halls.”

Rosenberg managed to get a screed attacking Brownback published in the hard-left Salon magazine in which he describes the Kansas governor as

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China Export Shipping Declines by Two-thirds

This article first appeared online at TheNewAmerican.com on Thursday, May 7, 2015: 

Two weeks ago the Shanghai Containerized Freight Index (SCFI), which tracks shipping rates from Shanghai to the world, fell off a cliff: down a breath-taking 67 percent from a year ago. Wolf Richter thought it was a statistical fluke.

It was no fluke. In the next two weeks the SCFI for Northern Europe fell another 14 percent, an all-time low. Wrote Richter: “Something big is going on in the China-Europe trade.”

The collapse is being echoed by other indexes reflecting the breathtaking decline in China’s exports. For example

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Is NewSat the next Solyndra?

This article first appeared at The McAlvany Intelligence Advisor on Friday, March 27, 2015:

English: Export-Import Bank of the United Stat...

In 2012 and 2013, the Export-Import Bank unanimously agreed to guarantee loans by Lockheed Martin to a small private Australian satellite company called NewSat, whose president was ecstatic at the news. NewSat’s CEO Adrian Ballintine celebrated:

It is fantastic to receive the support of the U.S. Ex-Im Bank. They are backing our … satellite with a direct loan, with a favorable low-fixed interest rate and long tenure.


The deal is an Australian first for Ex-Im Bank and a major milestone towards the launch of Australia’s first commercial satellite.

His was a company worth $50 million before Ex-Im guaranteed $304 million in loans by Lockheed Martin to provide it with a satellite designed to reach all across the South Pacific and rake in millions. Ex-Im was simply following its charter: make loans no one with any sense would consider making.

Of course, that isn’t exactly what the bank’s charter really says;

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Huge Ex-Im Bank Loan Defaults Imperiling Bank’s Reauthorization

This article first appeared online at TheNewAmerican.com on Thursday, March 26, 2015: 

Seal of the Export-Import Bank of the United S...

Seal of the Export-Import Bank of the United States

On January 21, NewSat, a private satellite communications company headquartered in Australia, defaulted on a $21 million payment to its primary satellite provider, Lockheed Martin. That default is triggering an avalanche of defaults that could sink not only NewSat but also very likely the bank that guaranteed the loans financing the deal, the Export-Import Bank, whose charter is up for renewal on June 30.

The Ex-Im Bank has touted its ability and willingness to provide financing for American companies seeking to do business abroad but which couldn’t arrange financing the regular way: through private banking channels. According to the bank’s charter,

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Tax-credit Private-school Scholarship Funding Explodes in Oklahoma

This article first appeared online at TheNewAmerican.com on Tuesday, March 24, 2015:

Many Oklahoma taxpayers are paying less in state income taxes, thanks to contributions made to scholarship granting organizations (SGOs) last year.

It’s a new wrinkle, and many of those opening envelopes from the Oklahoma Tax Commission are in for a pleasant surprise. A single taxpayer contributing $2,000 to an SGO last year will save $1,000 in state income taxes. A couple contributing $4,000 will save $2,000. These are credits, not deductions, based on one-half the contribution. Translation: Every dollar of credit saves one dollar in state taxes.

For those able to give more — think successful small business owners, lawyers, accountants, physicians, software engineers, farmers, ranchers, and other business owners operating as regular C corporations — that letter in the mail this month could generate even greater excitement.

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“Audacious” State of the Union Speech to Push for Higher Taxes on the Rich

This article first appeared online at TheNewAmerican.com on Monday, January 19, 2015:

In what the New York Times termed an “audacious” move, President Obama will use his State of the Union speech on Tuesday night to push for higher taxes on the rich and big financial institutions, and give the money to the middle class still caught in the clutches of a slow economic recovery from the Great Recession.

The details are straightforward:

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Ferguson Businesses Damaged in Rioting Owned Mostly by Minorities

This article first appeared online at TheNewAmerican.com on Wednesday, November 26, 2014: 

When Jeniece Andrews got a call that her Ferguson, Missouri, antiques and jewelry store, Hidden Treasures, was on fire on Monday night, she dropped everything and headed to the store. By the time she got there, it was too late: Three years of blood, sweat, and tears had disappeared into the night air.

“I came and parked across the street, and I just broke down. I couldn’t believe it. Everything I worked for for three years with my husband was gone,” she told the Wall Street Journal.

Dayan, the Jewish owner of STL Cordless, also found his business destroyed by looters. Standing in the middle of his trashed electronics store, he told the Los Angeles Times,

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Gadsden Flag Carries Clout in Ocala

This article was first published at The McAlvany Intelligence Advisor on Friday, September 12, 2014:


Illustration from High School textbook printed...

Illustration from High School textbook printed in 1885, titled “History of the US”. (Photo credit: Wikipedia)

The Gadsden flag of a coiled rattlesnake on a bright yellow field with the words “Don’t tread on me” beneath it was designed by American General Christopher Gadsden in 1775 during the American Revolution. Benjamin Franklin explained what the flag meant to Americans then:

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Proof That $15 Minimum Wage Hurts Those It’s Claimed to Help

This article first appeared at TheNewAmerican.com on Monday, September 8, 2014:


Obverse of United States one dollar bill, seri...

The city of SeaTac, which holds the Seattle-Tacoma International Airport, raised the minimum wage to $15 an hour starting January 1 for some businesses. Within weeks of the beginning of the SeaTac “experiment,” the impact of the passage of Proposition One had become evident. Despite the fact that the new law impacts only about 1,600 employees in this town of 27,000, major changes and shifts were already taking place in reaction to it.

For example, a customer using the Master Park Airport valet parking service at SeaTac will note an extra line on his bill for $.50 entitled

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Minnesota Café Adds “Minimum Wage” Fee to Customers’ Bills

This article first appeared at TheNewAmerican.com on Friday, August 8, 2014:

Café Café

Craig Beemer, the owner of Oasis Café in Stillwater, Minnesota, employs just six servers, but Minnesota’s minimum wage increase that kicked in on August 1 forced him to make some tough decisions. The wage increase to $8.00 an hour for his workers will cost more than $10,000 a year, and something had to give. Beemer decided that rather than increase his prices he decided to

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Labor Board Ruling Against McDonald’s a Huge Boost for Union

This article first appeared at TheNewAmerican.com on Thursday, July 31, 2014:

Français : Logo SEIU

The ruling by the general counsel of the National Labor Relations Board (NLRB) that McDonald’s is actually a huge employer of more than 175,000 workers in the United States, rather than a franchisor with thousands of independent franchisees, will, if it is upheld, allow the Service Employees International Union (SEIU) to recruit those workers much more easily.

The ruling was supposedly about low wages and local disputes with a few of those franchisees, but it had precious little to do with that carefully crafted public perception.

Richard Griffin, the NLRB’s general counsel, said he investigated more than 180 claims by local McDonald’s’ workers that they were being penalized for protesting low wages in a series of one-day strikes earlier this year. He found 43 of them to be “valid” and, in the process, ruled that McDonald’s itself would be held jointly liable for any penalties along with the individual franchisees.

The New York Times, to its credit, saw through the scam, calling it

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Tax Cuts of Kansas Already Improving the State’s Economy

This article was first published at TheNewAmerican.com on Monday, July 14, 2014:

Kansas City Skyline 1

Kansas City, Missouri’s Skyline

When Kansas Governor Sam Brownback signed into law the first of several reductions in his state’s income taxes back in May 2012, he wrote:

Our new pro-growth tax policy will be like a shot of adrenaline into the heart of the Kansas economy. It will pave the way to the creation of tens of thousands of new jobs, bring tens of thousands of people to Kansas, and help make our state the best place in America to start and grow a small business.

By cutting the top tax bracket by 25 percent and eliminating taxes on small businesses altogether, he expected great things to happen:

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Congress to Grill Ex-Im Bank Chairman Over Corruption Charges

This article was first published at TheNewAmerican.com on Wednesday, June 25, 2014: 

English: , President of the

Fred Hochberg, President of the Export-Import Bank

On Thursday Fred Hochberg, Chairman and President of the Export-Import Bank, will be grilled by members of the House Financial Services Committee over charges of corruption and mismanagement at the 80-year old agency. His task to defend the agency appears formidable, especially with its charter being up for renewal at the end of September.

On Tuesday the Wall Street Journal reported that four Ex-Im employees have either been suspended or fired over the last few months as a result of “investigations into allegations of gifts and kickbacks.” But that’s just the tip of the iceberg. The Heritage Foundation reported on the same day that

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Mississippi Corruption’s Impact on Morality

This article was first published at the McAlvany Intelligence Advisor on Monday, June 23, 2014:

Satan's Super Congress / Committee - Cartoon

The latest study on state corruption within the U.S. is by two college professors. It defines corruption as the “misuse of public office for private gain,” and it shows Mississippi at the very top of the list. This is fine as far as it goes, but they fail to connect the dots: As goes political corruption, so goes moral decline.

The study, entitled “The Impact of Public Officials’ Corruption on the Size and Allocation of U.S. State Spending” published in the May/June issue of Public Administration Review, confined itself to political corruption: bribery, extortion, graft, cronyism, and embezzlement. They left out nepotism. They also left out any analysis of how the citizens of the states fared

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Mississippi is the most Corrupt state, says a new study

Mississippi state welcome sign

Based on the number of convictions for violating federal corruption laws, Mississippi – a state with just 3 million citizens – ranks at the very top of the list of all states, according to a recent study. Two college professors published their report in the May/June issue of Public Administration Review.

Their study said the high level of corruption in the state resulted in high state spending on projects most likely to be “bribe-generating” like capital improvements and highway construction, while leaving more socially beneficial projects like schools and health facilities behind. It also noted

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

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