Winter Woes – Green New Deal Turns Deadly
Over 150 million Americans are under a winter chill advisory due to life-threatening temperatures. Every state besides Hawaii has issued some form of caution to residents as nearly 80% of the nation faces below-freezing weather. Extreme weather highlights the importance of fossil fuels, as there is NO reliable alternative. Texas is on the verge of […]
Ted Pick takes charge of Morgan Stanley
WHEN JAMES GORMAN took the helm of Morgan Stanley it was barely afloat. His tenure as the bank’s chief executive began on January 1st 2010, in the teeth of the global financial crisis. After the failure of Lehman Brothers, in 2008, fear had spread that other dominoes would soon topple. Morgan Stanley seemed a likely […]
Corporate debt defaults soared 80% in 2023, could be high in 2024
Javier Ghersi | Moment | Getty Images Corporate debt defaults soared last year and could be a problem again in 2024 as cash-strapped companies deal with the burden of high interest rates, S&P Global Ratings reported Tuesday. The number of companies that failed to make required payments on their debt totaled 153 for 2023, up […]
How Much Should We Save For Future Generations?
How should a generation balance its own consumption needs against the desire to save for future generations? At first glance, the simplest approach seems to be that each generation should maximize its own wellbeing. This means consuming as much as desired and then leaving the next generation to figure out its own path. This view […]
On Comparative Advantage and International Capital Mobility
Two decades ago, economist Paul Craig Roberts joined forces with Sen. Chuck Schumer (D-NY) to warn of globalization in the modern world. In their January 6th, 2004 New York Times op-ed, “Second Thoughts on Free Trade,” Schumer and Roberts noted that the case for free trade prominently features the principle of comparative advantage, the discovery […]
